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Home My WebLink About1955-1957- is �� cz•� � � - ,� '-,i��-�. l - -- i z 1 v 1 Mm I top Feer 3�-�� R.�-T*�-"` -- 2 .Y.: •4 x`'. �r - �- _.- -.. : e ,. . ..__.F'; _w. .sr �... n . +. _.� .�...Y •�...�_� _ #.+�cY ��`-..moi. . ,. . � :��. ., ..... .. .. '..s �.._ .-.�:F.= ��e � .i,Y ..... �'_' _� �,�.�' .. "^-� _� _.a _...s,.�� MEMBER DALE D. JONES AMERICAN INSTITUTE CERTIFIED PUBLIC ACCOUNTANT MEMBER IDAHO ASSOCIATION OF OF ACCOUNTANTS Phone 120 Elm CERTIFIED PUBLIC ACCOUNTANTS POCATELLO, IDAHO Board of Trustees Village of Chubbuck Chubbuck, Idaho Gentlemen: 11de respectfully- submit herewith the report of our audit of the financial books and records of the VILLAGE OF C=TUCK, Bannock County, Idaho, for the period May 1, 1955 to April 30, 1957. This audit and report were made in conformity with the specifications adopted by the State ]Bureau of Public Accounts at 14ovember 1, 1955, and subsequent amendments thereto. Included elsewhere herein are a group of exhibits and schedules irhich are presented subject to any comments 'which may be contained in this report. We have reviewed the accounting procedures of the village and, without making in all cases a detailed audit of the transactions, have examined or tested accounting records of the village and other supporting evidence, by methods and to the extent we deemed appropriate, Our examination was Traade in accordance with generally acce-pted auditing standards applicable in the circumstances and included all procedures which we considered necessary. In our opinion, the accompanying balance sheets and related statement of receipts and disbursements, together with supplementary schedules in support and explanation thereof, present fairly the position of -the VILUGE Or, CI -U 33UCK at Avril 30, 1957, and the results of the operations for the period then ended, in conformity with generally accepted accounting principles. Respectfully sub-mitted, .t Dale D. Bones Certified --Public Accountant C OMIJENTS Statement of Assets and Liabilities at April 30, 1957 VYNT?TP A Wh submit herewith a statement of assets and liabilities showing the financial condition of the Village of Chubbu.ck at April 30, 1957. The assets consist of cash in the bank, unremitted and unpaid taxes, prepaid insurance, water assessments receivable, faxed assets, and a loan receivable from the water fund to the general fund. Cash on deposit is as follows: Balance 4/30/57 per bask Less warrants outstanding: #1092 5.00 ;11098 38.97 Water Works Volunteer General Fund Fend Fire Find 16,081.28 $3,188.66 .163.75 4.3.97 $6037.31 X3,188.66 $163.75 There was no ur_deposited cash on April 30, 1957 for any fund. Computations for taxes receivable, fixed assets, and prepaid insurance are shown in detail in Exhibit D and Schedules 1 and 3, respectively. Water assessments receivable are compared with assessments and collections in Schedule 5. Aging of these accounts is as follows: Current 30-60 days 60-90 days 90--130 days Over 180 days $730.70 269.10 125.20 100.50 1,20.00 12,441-50 $773.00 of this amount is due from the general fund for water at the fire station and fire plugs. Accounts payable are detailed. in Schedule 4 and bonds payable in Schedule 2. N Statement of Cash Receipts and Disbursements EXHIBIT B This statement accounts for all receipts and disbursements for the two year period for all funds. Summary of County Collections EX=, IT C This exhibit reflects the transactions betiveen the Village of Chubbuck and Bannock County with respect to taxes and other revenue reaching the village through the county. Summary of Operations in Takes Receivable EXHIBIT D This exhibit shows the total beginning unpaid taxes and tax charges by years and 'valances them against collections cancellations and unpaid taxes at April 30, 1957. GENERAL C0MTAE'NTS All cash received from Bannock County for the period May 1, 1955 to April 30, 1957, was traced from the retttittar_ce sheets on file at the Bannock County Court House to their deposit in the bank account of the Village of C'nubbuck. All direct receipts from the State of Idaho appeared to be properly deposited. Checks, warrants and duplicate deposit slips were examined in detail and found to be in order. All licenses, police fires, and other receipts appeared to be properly deposited. It is recommended that both the loan of ?1,500 from the general Rind to the water fund and the liability of `6879.50 owing to the water fund by the general fund be repaid, as there is sufficient cash and unappropriated surplus in each .fund to accomplish the transaction. It is also recommended that proper legal action be taken to collect the $443.00 of vrater accounts receivable due from customers which is over 180 days old. If they are not collectible, these accounts should be written off. A control account should be established for the water works fund, vrith monthly reconciliations of total assessments and water accounts receivable vrith the individual ledger sheets. Except for this recommended correction in your water works records, your accounting records are generally quite adequate and well -handled. VILLAGE OF CHUDBUCK Bannock County, Idaho Statement of Assets and Liabilities at April 30, 1957 ASSETS Cash on deposit Loan receivable from water fund EXHIBIT A General Miter hbrks Volun. Property Fund Fund Fire Fund Fund Total $65037.31 13,188.66 $163.75 1,500.00 Taxes Receivable (EXHIBIT D) 1955 tax roll (Real) 55.63 1956 tax roll (Real) 2,025.70 1956 tax roll (Personal) 1.1.72 Unremitted collections, taxes 158.68 Prepaid insurance Water Assessments Receivable Fixed Assets, less accumulated depreciation (Schedule 1) TOTAL ASSETS LIABILI1TIES Accounts payable (Schedule 4) Bonds. payable (Schedule 2) Coupons payable Water deposits payable Loan payable -- general fund TOTAL, L IA'?,ILITIES SURPLUS Operating surplus Capital surplus TOTAL LIABILITIES AND SURPLUS 83.62 2,441.50 $9,389.72 1,500.00 55.63 2,02,.70 11.72 158.68 83.62 2,441.50 82,307.78 82�3p7.?B $9,872.66 P52630.16 $163.75 $82,307.78 Q97,97.35 $1,482.51 $15482.51 $61,000.00 613000.00 °15220.00 11220.00 685.00 685.00 1,500.00 1,500.00 11,h.82.51 Q3,405.00 $61,000.00 $652887.51 085390.15 523225.16 3163.75 310,779.06 $21,307,78 21,307.78 $9,872.66 $51630.16 $163.75 $821307.78 $97,97..35 VILLAGE OF CEMUCK, Bannock County, Idaho EXHID T B Statement of Cash Receipts and Disbursements for Period Mly_l, 1955 to April 30, 1957 General Fund. Fiscal Year Fiscal Year Description 1955-56 1956--57 Total Cash on hand to begin $9,390.25 $7,847-00 19,390.25 Receipts Bannock County (EXBIPIT C) ::43029.48 $5,095.65 $9,125.13 Highway users' qDportionnent 104.80 83.84 188.61 Police fines 4,371.85 2,761.85 7,133.70 Liquor licenses 1,382.93 1,037.50 2020.443 Dog licenses 26.00 26.00 Garbage and cleaning 12.00 12.00 Insurance refund 35.00 35.00 Telephone refund 75 75 Sale of dump track 200.00 200.00 Reimbursement for drainage repair 85.00 85.00 Redeposits 15.00 15.00 Sale of oil stove 30.00 30.00 Rent income 20.00 20.00 Reimbursement for telephone use 11.85 11.85 Total Cash Receipts , T 'I To, 040. Q17 Total Cash Available 119,653.06 116,887.69 Q8,693-75 Disbursements Salaries and gages 8,632.64 X4,518.08 09,150.72 Capital expenditures 150.00 13250.00 1,700.00 Legal expense 499.00 700.00 11199.00 Gas, oil and repairs 110.5.55 1,186.68 2,232.23 Advertising 258.50 104-44 362.94 Utilities 834.61 1,199.10 25033.71 Office expense 32.23 33.09 65.32 Insurance 419.39 43..73 85..12 Drunkozoter tests 39.50 10.00 49.50 Road repairs 363.64 275.51 639.15 Use of dump 100.00 100.00 Payroll taxes 92.65 91.40 181.05 Supplies 47.05 289.25 336.30 Election help and meals 38.95 38.95 Prisonerst board 705.10 633.10 1,338.20 Refund of .licenses 286.75 286.75 Bad checks 7.50 35.00 12.50 Loan to eater fund 1,500.00 12500.00 Severer repairs 58.00 58.00 Auditing expense 395.00 90.00 185.00 Total Disbursements 01,806.06 X10,850.38 $221656.4-4 Cash on Hand at End of Year 1-7,84100 46,037.31 '6. VTLL&GE OF CBUBBUCK, Bannock County, Idaho EXUIHT B-1 Statement of Cash Receipts and Disbursements for Period NIF 1, 1955 to April 30, 1957 Water Works Fund Fiscal Year Fiscal Year Description 1955-56 1956-57 Total. Cash on hand to begin $2,269.22 033037.98 X2069.22 Water assessments (SCBEDULE 5) 7,947.94 9011-50 173259.44 Total Cash Available 510,217.16 $125349.48 !19,528.66 Disbursements Capital expenditures {1,905.73 $1,905.73 Repairs 295.35 417.44 712.79 Utilities 1,216.09 1,149.75 2,365.54 office expense 42.74 42.00 84.74 Bonds redeemed 3,000.00 3,000,00 6,000.00 Bond interest 21620.00 2,500.00 5,120.00 Water deposit refunds 5.00 5.00 Supplies 55.90 55.90 Zscellaneous expense 90.00 90.00 Total Disbursements 17,179.18 "x'9,160.82 Q16,34oa00 Cash on Hand at End of Year 3,037.98 ?32188.66 138.66 VILLAGE OF CEURBUCK,Eannock County, Idaho EXHIBIT 5--2 Statement of Cash Receipts and Disbursements for Period Ay 1 1955 to April 30 1957 Volunteer Fire Fund Fiscal Year Fiscal Year 1955-56 1956-57 Description Cash on hand to begin $116.75 $112.75 Snake River Nhtual payment _ 51.00 Total Cash AVailable $ 116.75 x;163.75 LESS: Wages 4.00 Cash on Hand at End of Year $112.75 $163.75 Totadl ';116.75 51.00 1167-75 4.00 il63.75 VILLAGE OF CBUTE TCK, Bannock County, Idaho EXEIBIT C Sununar, of Bannock County Collections and Remittances Period May 111955 to April 30, 1957 Unremitted collections to begin Collections by County Penalty on delinquent taxes 1954 Taxes - personal, 1954 Taxes — real 1955 Taxes - personal 1955 Taxes — real 1956 Tames -- personal 1956 Taxes - real Interest on delinquent taxes State liquor apportionment Road and bridge apportionment Total. Accountability 11 Collection fee to county Net retuittance by county Unremitted collections to close Total Accounted For Fiscal Year Fiscal Year Total 1 55-56 1956-57 None none None 'a 7.07 7.07 112.} 1 64.78 177.19 1,212.09 1.5.63 11227.72 162.62 4.lo 166.72 2,230.59 1,219.11 3,449-70 187.81 187.81. 31412.85 3,412.85 17.3. 22.39 39.73 233.21 186.57 419.78 117.25 205.64 322.89 00 085.51 .;5,325.95 19,411. 6 56.03 71.62 127.65 4,029.48 5,095.65 9,125.13 None 158.68 158.68 :".;1 ,085.51 5:325.95 39,411.46 VILLAGE OF CHUBBUCK, Bannock County, Idaho EXHIBIT D Summarl of Operation in Taxes Receivable for Period N y 1 1955 to Aril 30, 1957 Unpaid taxes on day 12 1955 Total 1954 1955 1956 All Years p1,40.91 cul,404.91 Tax clogs per county auditors' reports Real 53,511.29 35,442.66 18,953.95 —Personal 177.12 199.53 376.65 Total to be Accounted for Collections 5/1155 to 4/30/57(BXHIVIT C) Real Personal Cancelled or adjusted by comissioners Unpaid April 30, 1957 Total Accounted for Long or (short) 1,401.91 0,688.41 15,642.19 310,73551 X1,227.72 $3,449.70 13,412.85 18)090.27 177.19 166.72 187.81 531.72 16.4o 1..11 20.51 55.63 2,037.42 2,093.05 yl,l-�04.91 L'3,68 x;5,62.19 X10,735.55 i .00 j .04 1 .00 Q .04 VILLAGE OF CHMUCK, Bannock County, Idaho Summary of Fixed Assets May 1, 1955 to April 30, 1957 SCHEDULE 1 Book Value Net Aepre— Book Value May 1, 155 Additions ciation April 30, 157 Village water system $68,523.16 $2,055.73 03,528.94 367,0.9.95 Building and land 131,651.69 1,365.17 123286,52 Furniture and fixtures 12055.21 50.00 221.0. 884-17 Automobiles and trucks 1,216.88 1000.00 1,018.75 1.,528,13 Street improvements 931-.69_372.68 559.01 Totals 1852403-63,J32405-73 1 06,506-58 TOTALS TO EXHIBIT A 182,307.78 VILLAGE OF CHUB71JCK Bannock Count Idaho Schedule 2 Schedule of Bonds Outstanding at April 309, 1957 Number Due Date Interest Amount 19_2. July 1, 1957 4Ic'01 $32000.00 �5-30 July 1, 1958 4% 3,000.00 31-36 July 15 1959 4% 32000.00 37-42 ituy 1, 1960 !gyp 3,000.00 43-48 July 11 1961 af 32000-00 49_54 July 1, 1962 4% 3,000.00 55-62 July 1, 1963 4% 4,Ooo.00 63-70 July 1, 1964 4% 4,000-00 71-78 July 1, 1965 4,000.00 79-86 July 1, 1966° 4,000.00 87--94 July 11 1967 4% 4, 000.00 95-102 July 1, 1968 4% 4,000.00 103-110 July 1, 1969 4% 4,o00.00 111-120 July 1, 1970 4% 5,000.00 121-130 July 1, 1971 4% 5,000.00 131-140 Ju.lur 11 1972 4% 5,000.00 Total Bonds Outstanding at April 30, 1957 '61,000.00 ON W c7N W \1.1 1-0 N �, W b N Q � 0 H -1 � F'• (gyp LLQ 11 e�4 W CD g O� C] C-1• IliF-ci • • il] CI] CI3 (D In tri • • (D 'i Fd '=J N h7 W 0 M Y• ~(D d, N• F . hHi, t' Q 115 „i , �� c+ C� Y Q P all rt C+ O V C- W � 0 Q ~ N• rti F. F (D FJ- j R N i ol � (D (D (D -J N r+ �e�i 1-1 v�S C a (D (D e� (D F -r N F- v F'• O •. Y y F -i `+ /� Q0 P .,�--r• N M. C) Y 0 0 V 0 Q Q F -J v I � N Q \p @ � I� O 0 0 O CO � ri O` G1 c+ - t \ o 4 \ m L N N W CX) lrl O� N W 01\ -.] N N N \O r� �• � .7 M F N �. VILLAGE OF CHUBB K, Bannock County, Idaho Schedule of Accounts Payable at April 30, 1957 Flection Wages Wages Legal expense Repairs Gas and oil Drunk tests Prisoners board Utilities Legal advertising Printing Meals—election Water bill -- (Fire dept and fire plugs) Total Accounts Payable at April 301 1957 SC=TZ 4: Amount $55.00 63.61 1.0.00 163.8[0 96.06 5.00 63.00 55.71 16.50 34.67 9.60 879.50 l_ ,182.51 VILLAGE OF CUMBUCK, Bannock County, Idaho Analysis of Tater Works Fund Receipts For Period My 1, 1955 to April 30, 1957 Balance of water accounts receivable My 1, 1955 Assessments 5/1/55 to 4/30/56 Assessments 5/1156 to 4/3057 Total Less: Balance of -grater accounts receivable April 30, 1956 Collections to Account for per Books Deposits 5/1/55 - 4/30/56 Deposits 5/1/56 - 4/30/57 Total. Deposited Less: Loan deposited Redeposits Cash on hand 5/1/55 Actual Collections Deposited Over SC 22UIII, 5 $2,126.00 7,642.75 8 301.55 l , 2,-- ----441.50 $1'5----X28-=-80 8,032.94 9 311.50 17,3 �. 1, 504. oo 90.00 85.04 1,675.00 15,669-44 40.64