HomeMy WebLinkAbout1953-1955s
MEMBERS ❑F•
IDAHO SOCIETY OF
GERTI KIEL PUBLIC ACCOUNTANTS
226 EARL BUILDING
IDAHO FALLS, IDAHO
Board of Trustees
Village of Chubbuck
Chubbuck, Idaho
Gentlemen:
BURNETT AND HUMPHERYS
CERTIFIED PUBLIC ACC13UNTANTS
Pocatello, Idaho
December 21, 1955
MEMBERS OF
AMERICAN INSTITUTE
OFACCOUNTANTS
2 ITE% BUILDING
PO❑ATELLO, IDAHO
In accordance with your request we have examined the financial records of
Village of Chubbuck for the two year period beginning ILiay 1, 10.53, and ended
April 30, 1955. Our e-xamination was made in accordance with generally accepted
auditing standards and, without making a detailed audit of the transactions,
included such tests of the accounting records and other auditing procedures as
we considered necessary in the circumstances.
The results of our e.—mmination are reflected in this report which includes:
(1) text of comments and explanatory detail; (2) balance sheet at April 30, 1955,
designated exhibit A; (3) statement of revenues, e.-,penditures, and unappro—
priated surplus for the two year period beginning I,`ay 1, 1953 and ended April. 305r
1955, designated exhibit B; and (4) exhibits and schedules supplementing the
foregoing statements.
C OMU E 3TS RESPECTING FIN&NC IAL POS I T IOPT
The financial position of the Village of ChubbucR at April 30, 1955, is re—
Elected on exhibit A. The following comments are made with respect to major
items appearing on this exhibit.
CASH ON DEPOSIT 40 ON HUD - 11.776.22:
Detailed information with respect to cash on deposit and on hand is presented
below:
N
Cash on deposit - First Security Bank,
Pocatello, Idaho - General fund . . . . 9,200.20
Cash on deposit - First Security Bank,
Pocatello, Idaho, - :Tater Works fund. . 2,15l�.22
Cash on deposit - Idaho Bank and Trust
Company, Pocatello, Idaho - Volunteer
Fire fund . . . . . . . . . . . . . . . 116.75
Cash on hand:
General fund . . . . . . . . . . . . . 190.05
Water fund . . . . . . . . . . . . . . 55.00
`a
112776.22
Direct confirmations were received by us with respect to all cash on deposit.
Depository securities consisting of United States bonds have been pledged as
security by the First Security Dank, Pocatello, Idaho. Such depository securities
are reflected on schedule A-4. Funds on deposit with the Idaho Bank and Trust
Company, Pocatello, Idaho, were protected by the Federal Deposit Insurance
Corporation. Cash on hand. at April 30, 1955, was verified by tracing to sub-
sequent deposit.
TA" CES RECEIV43BLE - `>1 256. 6:
Details pertaining to taxes receivable in the above amount are reflected on
schedule A-2.
We made a detailed examination of real and personal tax rolls. Tax accounts
which were unpaid at April 301, 1955, were examined individually and reconciled
with, the balances reflected in the financial records.
W&TER ASSESSI ENTS RECEIVABLE- Ltl 60.50:
We examined the subsidiary ledger maintained by the Village Clerk with
respect to water assessments. From this record we prepared detailed lists of
assessments receivable which were unpaid at April 30, 1955, totaling "!-I 0.50.
Your attention is directed to the fact that, in our opinion, substantial
improvement could be made in the financial records maintained with respect to
your water assessments. At the present time the only record maintained is the
small subsidiary ledger referred to above in which charges and payments are
Periodically entered under each water users name. There was no master list of
3
water users for the Village of Chubbuek available for our examination. Conse-
quently, there is no means to insure that all individuals using water are properly
charged for this service. Neither is there a control account being ,maintained
to insure accuracy in charging water users for service, and recording payments
received from them. In other words, your present accounting procedures would
permit hu-n:n errors to occur without detection. Pirithmetic errors of addition,
subtraction, etc., as well as errors of omission could occur since there is no
means of internal check to identify such errors. Consequently, we were not able
to satisfy ourselves as to the complete accuracy of your water assessments, due
to the basic deficiency in the manner in which such records had been maintained.
4,e discussed this matter with your chairman and clerk, and it is our
recommendation that procedures should be instituted which will permit an accurate
control each month of all charges and payments for water assessment so as to
minimize the possibility of the type of errors discussed above.
F= ASSETS :"85,408.63:
summary of fixed assets is reflected on schedule -3.
tie wish to point out that adequate records of your fixed assets have not been
maintained in the past. :Since no prior audit of your records had been made, we
did not have previously established data for periods prior to 1��ay 1, 1953. In
the absence of such records, we have attempted to compile on schedule s.-3 a
susmmary of fired assets acquired during the period I1ay 12 1953, to r Aril 30, 1955.
I
:lith the exception of certain balances reflected in your minute book for the
Village water system and real estate acquired prior to May 12 1953, we did not
I
attempt to establish values for other fined assets prior to that date. Tie
recommend that, as a part of your village records, records with respect to fixed
assets be established reflecting designation of the type of asset, date of
acquisition, cost, rate of depreciation, date of disposition, as well as financial
data with respect to sales price, trade-in value, etc. In preparing schedule A-3,
we have provided for decreases in value of Village property by providing for
4
depreciation at generally accepted rates pertaining to such fixed assets.
JP
QR NTS P&,YABLu
We made a detailed computation_ of all warrants outstanding at April 30, 1955,
and a summary of transactions pertaining to such warrants is reflected on schedule
4-5. Warrants issued and outstanding at April 30, 1955, are as follows:
PFumber Name &mount
Karry Hart2 00
682 Director of Internal Revenue 68.40
683 C. Viner 40.00
681 Carl L. Hensley 119.00
: 252.40
BODS PAYABLE - $67.000.00.t
Exhibit C reflects complete detail with respect to bonds outstanding at
April 305 1955. Bonds outstanding consists of a single issue in the original
amount of 0701000.00 issued for the purpose of construction of your water works.
During the two year period under review, bonds in the principal amount of 13,000.
were retired leaving a balance still outstanding of 167,000.00.
COUPONS PAYABLE, - !11,,1400.00:
An analysis of the coupons which had matured on the bond issue discussed
above show a total of 116,940.00. Of this amount P5,540.00 had been redeemed and
a remaining balance of $1,400.00, although matured, had not been presented for
Payment-
WATT DEPOSITS PAYABLE - 5550.00:
It has been the custom of the Village of Chubbuck to collect from each new
water user a deposit of 15.00 when the first connection is made. This amount is
refundable to the user at such time as the service is terminated. No adequate
records have been maintained as to individuals, who are currently water users,
who have such deposits with the Village of Chubbuck, We were not able, therefore,
to satisfy ourselves as to the total amount of such deposits. :ire attempted to
compile from such records as were available a list of current water users, and
from such list determined the amount of :550.00 reflected on exhibit &. Due to
R
this situation, lle were not certain as to the accuracy of this computation and
it should be understood that this liability may be subject to correction in the
future.
We wish to point out that such deposits from water users should not be
construed as current revenues. Since they are refundable they represent a
liability of the Village of Chubbuch and it should be so reflected on your records
XC OOTS PAYABLE - X533.71:
This balance reflects current operating expenses incurred prior to Oral 30,
1955, and which were subsequently paid during the following month.
IR APFROPRI&T-a SLRPLUS - ?8.887.57:
Exhibit B. together with schedule B-1, reflects changes occurring in un-
appropriated surplus during the two year period ended April 30, 1955. Comments
pertaining to such changes in surplus, since they are concerned with revenues and
expenditures, are reflected below.
COI,MNTS RES'PECTIPIC REVENUES Ai'II] E PE -DIT-URES
Exhibit B, together with schedule B-1, referred to above reflected details
with respect to revenues and expenditures from May 1, 1953, to 'klPril 30, 1955.
It should be noted with respect to your general fund that the expenditures
during the two year period ended April 305 1955, were ,p25,694.36 although revenues
totaled ",?22,252.31. Consideration should also be given to the fact that during
this two year period, revenue from slot machine licenses in the amount of X75265.0
was received. Since such slot machine licenses are no longer legally permissible,
your revenues from this source will not be available in the future. However,
capital expenditures in the amount of X9,984.34 were included in the total e..�endi
tures of $25,694.36, referred to above. Since a substantial part of such capital
e-penditures were non-recurring in nature, it is reasonable to believe that
expenditures of this type will be materially less in the future. In summary, it
should be emphasized that future revenues from licenses will be substantially
decreased and care *oust necessarily be exercised to insure that a~.-,Denditures
N
are closely controlled to insure that expenditures will not e:. -teed revenues.
;kn analysis of the revenues and expenditures of the water works fund indi-
cated that current water assessments have been adequate in amount to provide for
operating expenses, as well as payment of bond interest and principal. It would
therefore seem that your water works fund is operating on a sound fiscal basis at
the present time. This is true, notwithstanding the fact that a deficit, in the
amount of < 1,120.25 was in e_,:istence at April 301 1955. This deficit has been
created during the period of the construction of your water works. At that time
funds received from your bond issue were co -mingled with current water assessment
receipts, and adequate records were not maintained to distinguish between the
expenditure of funds received from the bond issue and funds arising from current
water assessments. Since your building program is now complete, this situation
should not exist in the future ::end, based on your present water assessment income,
it would seem that future periods will reflect and increase in surplus in your
water worlxs fund sufficient to eliminate the present deficit.
Our examination would indicate that no realistic attempt Has been made to
establish a budgetary accounting system for the Village of Chubbuck. In our
opinion, this is most essential and mandatory. We have discussed this matter
with your chairman and clerk and feel that it is of prime importance that an
effort be Wade to establish such budgetary control. This is particularly true
since the Village of Chubbuck is now going through a period where revenues are
changing drastically as to source and amount. A simple budget could be establi
which would insure that expenditures could be controlled so as to be within the
limits of revenue currently available to the Village.
GEI,?" &L C OMHENTS
It should be understood that a number of the matters discussed above are
scmeiahat technical in aspect and an adequate understanding of the problems involved
can best be obtained by discussions with your various officials. Jie would be
most happy to assist in achieving improvements recommended ky consulting with
7
your Village officials. It is perhaps not possible to effect all of the desired
changes immediately but, in our opinion, the deficiencies in your records outlined
Kove could be eliminated with a substantial benefit to the Village of Chubbuck
if appropriate conferences were held with the officers charged with the responsibi
ity of maintaining your records.
Our examination indicated that .fidelity bonds in the amount of 05,000.00 each
were maintained with respect to your treasurer, K. 11. Kennedy, and your clerk,
Charles Viner. Your records pertaining to such bonds did not reflect such coverage
with respect to your police judge. Since substantial sums of money are handled
by your police judge, we would recommend as a matter of policy that fidelity
bond coverage be maintained. Fire insurance in the amount of >61000.00 was
maintained on your fire station. building; comprehensive and collision insurance,
as well as `'.1501 000.00�,�100, 000.00 protection for public liability and property
damage were in effect with respect to your motor vehicle; and protection was in
effect against loss from certain property damage or public liability with regard
to your deep -well pump.
A wish to point out that, in general, your financial records were inadequate
and incomplete. Far the most part we necessarily had to reconstruct financial
data from the best sources available in order to prepare the financial statements
contained in this report. &s mentioned previously, we believe tiia.t a major effort
should be made to improve such records so that your board may be better guided in
the future with respect to the fiscal problems of the Village of Chubbuck. As
a result of the inadequacies of the records available for our review, we were not
able to satisfy ourselves completely as to the accuracy of your records. Conse-
quently we are not in a position to express an opinion as to the financial position
of the Village of Chubbuck at 4pril 305 1955, or the results of operations of the
Village for the two year period then ended and this report is accordingly rendered
for informative purposes only.
Yours very truly,
BUR -HETI AM k'U1,H1I=YS
64/7—.
State of Idaho )
) ss.
County of Bannock )
Subscribed to before me this 21st day of December, 1955.
Notary Public f& Idaho
Residing at Pocatello, Idaho
Exhibit A
VILLAGE OF CHUBBUCK
Balance Sheet - All Funds
At April 30, 1955
General ;Fater Works Volunteer Property
ASSETS Total Fund. Fund ' Fire Fund Fund _
CASH ON DEPOSIT AND ON HAND .. . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,776.22 63 9,390.25 21269.22- " 116.75 ......
TtLYES RECEIVABLE:
Current real taxes receivable . . . . . . . . . . . . . . . . . . . . . . . . 19012.00 1,012.00
Delinquent real taxes receivable. . . . ...... . . . . . . . . . . . . . . . . . . . . 224.23 22!,.23 ...... ......
Delinquent personal taxes receivable . . . . . . . . . . . . . . . . . . . . . . . 0.73 50.73 ......
Total tabes receivable -- schedule A-2 . . . . . . . . . . . . . . . . . . . . . 1,286,26 1,286.96 --
T 07,1 � ASSESSNENTS RECEIVABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,56o.50
FMD ASSETS LESS DEPRECIATION, schedule A-3 . . . . . . . . . . . . . . . . . . . _ S lOS.6
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .100 032.31
...... 1,560.50 ...... ......
_ 85,408.63
10,677.21 32829.72 ; 116.75 •,851408.63
LIABILITIES.
WARRANTS PAYABLE . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . 252.40
252.40
� .. , ... .... .
BONDS PAYABLE . . . . . . . . . . . . .
67 000.00
3,000.00 ......
COUPONS PA���`�.1BL . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . 11400.00
......
1,400.00 ......
W&TM DEPOSITS PAYABLE . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . 550.00
......
550.00 ......
4CCOUNTS PAYuBLE. . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . _� 531-71
�.7
.
Total liabilities . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . _69, 7j,6.11
786.11
�.•
00
SURPLUS
Unappropriated surplus -- exhibit B . . . . . . . . . . . . .
. . . . . . . . . . . 8,887.57
9,891.10
1,120.28 11.6.75
Capital. surplus . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . 21 08.6
39,296.20
_ _2,891.10
1,120.2 _ 116.7
Total liabilities and surplus . . . . . . . . . . . . . .
. . . . . . . . . . . 100�032,3Z
—
r10�677.21
- _
`' 3 $29.72 116.75
---
:4
64,000.00
6,-000.00
21�� 08.63
21,408. 62
D5,40 .63
Schedule A-1
VILLP,GE OF CHUBBUCK
Statement of Cash Receipts and Disbursements -- By Funds
11,-,1253 to .k- ril 0 1
C&SH DISBURSEMENTS:
Advertising . . . . . . . . . . . . . . . . . .
. 25.00
Volunteer Fire
CASH RECEIPTS:
General Fund
--�-• - -"_
Uater Works Fund ___Department Fund
Slot machine licenses . . . . . .
. 765.00
......Capital
14,541.73 ......
Liquor licenses . . . . . . . . . . . . .
. . . . 2,364.70
... ,
s, ......
Police fines . . .. . . . . . . . . . . .
. . . . 6,846.86
...... ......
Beer licenses . . . .
615.00
......
:teal property tastes . . . . . . . . . . .
. . . . 1,885.42
...... ......
Liquor pportionment.
475.94
......
... ......
..
Bannock County road and bridge. . . . . .
. . . . 129.14
.. ......
....
Interest on taxes . . . . . . . . . .
. . . . .17
......
Miscellaneous receipts . . . . . . . . . .
. . . . 931.30
...... ......
......
Insurance claim . . . . . . . . . . . . .
. . . . 226.00
...,..
Personal property taxes . . . . . . . . .
. . . . 105.62
............
Redeposit of returned checks. . . . . . .
. . . . 63.00
...... ......
Snake River I, utua.l.. . . . . . . . . . . .
. . . . ......
...... 101.50
Later assessments . . . . . . . . . . . .
. . . ......
11,598.80
Donation - R. C. Gillman...
.
......
1,000.00
Total cash receipts . . . . . . . . . .
. . . ?28,408.15
',12,59$.80 101.50
C&SH DISBURSEMENTS:
Advertising . . . . . . . . . . . . . . . . . .
. 25.00
......
antwages. . . . . . . . . . . . . . .
. 7,848.48
......Salaries
exAenditures. . . . . . . .
9,984.34
......Capital
14,541.73 ......
Legal . . . . . . . . . . . . . . . . . . . . .
. 491.46
......
Gas and oil . . . . . . . . . . .. . . . . . .
. . 1,574.10
....
Legal advertising . . . . . . . . . . . . . .
230.49
....�. ......
Miscellaneous . . . . . . . . . . . . . . . . .
. 343.61
312.58 ......
Utilities . . . . . . . . . . . . . . . . . . .
. 21047.21
11645.30 ......
.... .
Police judge . . . . . . . . . . . . . . . . . .
. 1, 1/4.6. co
.42.25
Office. . . . . . . . .
292.43
......
Payroll taxes . . . . . . . . . . . . . . . . .
. 109.09
......
Insurance . . . . . . . . . . . . . . . . . .
. 870.70
.157.10 ......
Motor patrol . . . . . . . . . . . . . . . . . .
. 45.00
......
Prisoners board . . . . . . . . . . . .
. 397.00
......
Slot machine remittance - state and. county. . .
. 7,500.00
...... ......
Rent on garbage disposal area . . . . . . . . .
. 200.00
...... ......
Supplies . . . .. . . . . . . . . . . . . . . .
.
68. 2 Y _ ......
Forward . . . . . . . . .. . . . . . . . . .
. .'33,044.91 ,W,408.15
,;117,067.38 ;;12,598.80 ...... 101.50
V=AGE OF C HUBBUC K
Statement of Cash Receipts and Disbursements - By Funds
- T•%v . 1953 to &-Drit 30, 1255
Brought f orward . . . . . . . . . . . . . . . .
Bonds redeemed. . . . . . . . . . . .
Commissions for tax collection. ,
Bond interest paid . . . . . . . . . . . . . . . .
later deposit refunded . . . . . . . . . . . . . .
Volunteer firemen . . . . . . . . . . . . . . . .
Total cash disbiaxser:!ents. . . . . . . . . . . .
General Fund
,..,33,044-91 �28,� 0.15
29.87
&XCESS OF CASH DISBURSE. LENTS OVER C xSH RECEIPTS . . . . . . . .
INTER-FUJO TRAidSFms. . . . . . . . . . . . . . . . . . . . . .
CASH ON HA10,1MAY 1 1 . . . . . . . . . . . . . . . . . . .
CASH ON ITAND, APRIL 30,. 1955 - exhibit ,.. . . . . . . . . . . .
,32,07-4.78
41666.63
��
61730.88
16 1, 21.13
9,390.25
;,,rater Harks Fund
17,067-38 ' 12,598.80
3,000.00
5,540.00
5.00
25.612.38
13,013.58
21000.00
1I., 013.58
_ , 282.8❑
2==2a9. 22
Volunteer Fire
Department Fund
a ...... 101.50
49. QO
49.00
52.50
64.25
116.75
= 116.75
Schedule A-1
Sheet Two
Sche-dule ;.-
VILLAGE OF, CHUBBITCK
Schedule of Taxes Receivable
Fiscal Year Ended April 30, 1955
Real
Personal
Property Taxes
-
PEg2eerty Taxes
C UFM.111T :
Current charges . . . . . . . . . . . .
. . $3,272.84
;'t 155.36
Less: Cash collections. . . . . . . . .
12-957-39
105.62
1,315-45
4.9.74
Less: Cancellations
.0�
1,26o-41
4.9.74
Adjustments . . . . . . . . . . . . . .
. . _ 248.4
49.74
Balance at April 30, 1955 - Exhibit A
X1,012.00
DELIN U'ENT
Current charges . . . . . . . . . . . .
. . 248.41
49.74
Penalty added . . . . . . . . . . . . .
. .5.21
-- .99
253.62
50.73
Less: Cash collections . . . . . . . .
. . 29.3
_
Balance at April 30, 1955 - Exhibit A
224. 23
50.73
Schedule A-3
VIIIAGE OF CHUB3UCK
Summary of Fixed Assets
May la 1953 to ,_k2ril 30. 1955
Rook Value Book Value
May -1 1222 Additions Depreciation April 30. 1955
Village hater system
`z57, 587.91 x,1.4, 5 .1.73
� 3,606.48
X65, 523.16
Building and land. . . .
9,672.93 5,450.02
1,471.26
13,651.69
*Furniture and fixtures
...... 1,319.01
263.80
1,055.21
*A.utoiobile and truck
...... 1,662.50
415.62
1,246.88
Street improvements.
. �-_L�52.81
621.12
,,�67 260. 5121,,526.07 s 6,375.28
Total - exhibit A >`85,408.63
No record of furniture and fixtures, automotive equipment, or street
i.-nprovements was available prior to May 1, 1953.
Schedule A—!L
VILLAGE OF CHUBBUCK
_Schedule _of Depositary Securities
Fiscal Year Ended. _April 30, 1955
Trust
Receipt
Number Securities Pledged :mount
FIRST SECURITY BANK, POCAT"ELLO, IDWO:
10365 .__ u, S. Treasury Bonds — 2 1/2% — due 1967 130,000.00
VILLAGE OF CHUBBUC K
Operation in Warrants
May 3 1953 to April 30, 1955
lj�hodule A-5
General. Fund
I WARRANTS OUTSTANDING NIAY 13 1251 . . . . . . . . . . . . . . . 1 169.86
WARRANTS ISSUED . . . . . . . . . . . . . . . . . . . . . . . _2j,17 .70
WARRANTS REDEEP�IID. . 35,343.56
5 ._091.16
WARRMUS OUTSTANDING APRIL 30, 1 - Exhibit A
�� 252-40
Exhibit B
VILLAGE OF CHUBBUC K
Statement of Revenue
ExiDenditures and Unappropriated Surlus
By Funds;
ILL 1 1-253 to April 30, 1225
General
Tater Works
Volunteer
UNAPPROPRIATED S ITRP LITS -
Total.
Fund
Fund.
Firemens Fund
, ,
BAL,UTCE AT IfTAY 1 1 . . . . . . . . . . . . .
. . . . . . . $23,429.70
P15, 367.4.0
r 8,o62-30
..... .
NOIT REMME, RECEIPTS:
Donation - R. C. HilLrian . . . . . . . . . . . .
. . . . . . . . _ 1.000.00
1,000.00
HEVE?r�rS:
1
__ .oao, —
_ 1.000.00
-
.
Licenses . . . . . . . . . . . . . . . . . .
Police fines
. . . . . . . . 10,244.70
10,244.,70
......
......
. . . . . . . . . . . . . . . .
Real property taxes .
. . . . . . . . 6.96,846.86
......
......
. . . . . . . . . . . . . .
Personal property taxes . . . . . . . . . . . . .
. . . . . . . . 3,272.84
. . . . . . 155.36
3,272.84
155.36
......
......
Liquor apportionment . . . . . . . . .
Bannock. county road and bridge .
. 475.94
475.94
......
......
......
......
. . . . . . . .
Interest on taxes. . . . . . . . . . . . . . .
. . 129,14.
. . . .
129.14
......
I-liscellaneous income . . . . . . . . . . . . . .
. . . . .17
. . . . . . s 931-30
.17
931.30
......
.....
......
Insurance claim. . . . . . . . . . . . . . . .
. . . . . . . . 226.00
226.00
......
......
Snake River 14utual . . .
101.50
......
. • . , . .
Water assessments . . . . . . . . . . . . . . . .
Total revenues22_,282
. . 13,159-3.0
....
,-259.30
701.50
1
1�
_0
=ENDI'TME, S:
Operating expenses - schedule B-1 . . . . . . . .
Capital expenditures
. . . . . . . . 17,934..26
15,625.11
2,260.15
4g, Q0
. . . . . . . . . . .
Bond principal and interest paid . . . . . . . .
. . . . . . . . 24,526.07
. . x,540.00
9,954.3I�
14,511.73
S
......
Commission paid.
...-3
540.70
......
•
Taxes cancelled.
29.87
..
2987
......
.....•
. . . . . . . . . . .
Total expenditures
. . . . . . . . 55.0
?L0!
�..
— .......
.51,085.2L25.69
25,341.88
INIER - FUND THPE—,S �.S . . . . . . . . . . . . . .
. . . . . . . .
2.000.00
64.25
TRT UPROPRIATED SURPLUS -
B&LUTCE AT APRIL 30S 1 - exhibit L . . . . . .
. . . . . . . . z 8 88'7.57
� � 881.10
: ; 1,1..20.28
116.75
-UhQ IIl .L -_l
VILLAGE 01 C UBBUCK
Statement of 0 eratin Ex eases
MaY 1 l to Fioril 0 1
General
:dater Works
Volunteer
Total
Fund
Fund
Firemen Fund
0PM&TING EXPENSES:
Advertising .
25.00
25.00
`;; ......
<',3 ......
Wages . . . . . . . . .
. 0,018.4$
8,018.48
......
Legal . . . . . . . . .
. 491.46
491.16
......
......
Gas and oil . . . . . .
. 1,510.95
1,510.95
......
Legal advertising
211.74
211.74
......
......
Tiiscellanecus
368.49
321.11
47.0
......
.,
Meat, light and. power .
3,630.11
11981,01
1,645.30
Police judge. . . . . .
. 1,146.00
1,146.00
......
......
Office. . . . . . . . .
. 334.68
292.43
1,2.25
......
Insurance . . . . . .
. 971.44
814.34
157.10
......
I' -rotor patrol. . . . . .
. 45.00
A-5. 00
......
......
Prisoners board . . . .
. 397.00
397.00
...
Rent. . . . . . . . . .
. 200.00
200.00
.....
......
Payroll taxes . . . . .
. 166.49
166.49
......
......
......
Supplies. . . . . . . .
. 368.42
......
368.L:2
• • •-
Volunteer firemen . . .
. / 2. Qa
..
00
Total expenses - exhibit Bx;17 934.26
;�15 625.11
2,260.15
49.00
L..hibit C
VILLAGE OF C HUBBUC K
Schedule of Bonds Outstanding
At ALpril 30, 1955
Number
Due Date
Interest
&mount
7-12
July
11
1955
4%
s? 3,000.00
13-15
July
13
1956
4%
3,oQ0.00
19-24
July
1,
1957
4%
3,000.00
25-30
July
1,
1958
4%
3,000.00
31-36
July
1,
1959
4%
3,00o.00
37-42
July
1,
1960
4%
3,000.00
43-48
July
1,
1961
4%
3,000.00
49-54
July
1,
1962
45"
32000.00
55-62
July
1,
1963
4%
4,000.00
63-70
July
1,
1964
4%
4,000.00
71-78
July
1,
1965
4%
4,000.00
79--86
July
15
1966
4%
4,000.00
57-94
July
11
1967
4%%
4,000.00
95-102
July
1,
1968
46%
L,.,000.00
103-110
July
1,
1969
4%
4,000.00
111--120
July
1,
1970
4%
5,000.00
121-130
July
1,
1971
4%
5,000.00
131--140
July
1,
1972
4%
_000.00
$67"_000.00