HomeMy WebLinkAboutAccountants' Report - 6/30/67 1
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CITY OF Ma-TINGTON MACH
ACCOUNTANTS' RZPMT
JUn 30, 1967
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i CITY OF HMINGTON BEACH
INDEX
June 30, 1967
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Humber
Accountants' Report 1 - 2
l Combined Balance Sheet 3 - 4
t Combined Statement of Unappropriated Surplus 5
General Fund:
�j Statement of Revenue 6 - 8
Statement of Expenditures and Encumbrances 9 - 10
li Special Revenue Funds.
Balance Sheets )i
_ Statement of Uuappropriated Surplus 12
i Statement of Revenue 13
! Statement of Expenditures and Encumbrances 14
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Capital outlay Fund:
Statement of Revenue 15
Statement of Expenditures and Encumbrances 16
Library Fund:
Statement of Revenue 15
Statement of Expenditures and Encumbrances 16
1955 Hater Bond Interest and Redemption Fund:
1 - Statement of Revenue 15
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Special Assessment Fund:
Statement of Revenue 15
Hater Utility Funds:
Balance Sheets 17
Statements of Unappropriated Surplus 18
Statement of Income 19 = 20
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Supplementary Comments 21 24
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DIEHL. EVANS AND COMPANY
ELLISCERTIFIED PUBLIC ACCOUNTANTS OTHER writes At:
IRTN V4 C.01CNC.►.A.(i9t3.19S5j 1910 NORTH BUSH STRCCT
pR p.CVANS,C.RA. 705 LAST MAIN STREET
.IN a.PLTCRs,c.RA. SANTA ANA,CALIFORNIA 02706 SANTA MARIA,CALIFORNIA f
DONALD N.PLTLRsoN.c.P.A. NI.PCRL.2.4453 WALNul 0•=472
DONALD C.CALLANAN,C.P.A.
L.PCtCR SCN[R[II.C.P.A. I
paS NORTH N ptRCCT i
WARD M,GALLACNCR,C.P.A. LOMP'OC,CAUFORNIA J
JONN A.RAAfCRG,C.P.A.
October 26, 1967 RLd.R..•p:5:
• ACCOUNTANTS' REPORT
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City Council
City of Huntington Beach
Huntington, Beach, California
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We have examined the balance sheets of the various funds of the City i
of Huntington Beach at June 30, 1967. and the related statements of unappropri- ;
ated surplus, revenues, and expenditures and encumbrances for the year then
ended. Our examination was made in accordance with generally accepted .:editing
standards, and accordingly included such tests of the accounting records and
such other auditing procedures as we considered necessary in the circumstances.
The general fixed assets of the City are not included in the accom-
panying combined balance sheet.
The City has entered into a number of agreements providing for refund
of water and sewer acreage fees in exchange for offsite development b!, the sub-
divider. Accounting records in connection with these refund agreements wire not
sufficient for us to determine the extent of the City's liability at June 30,
1967 for possible refunds due to subdividers, arising from offsite development.
In our opinion, the accompanying statements present fairly the financial
position of the
General Fund
Special Revenue Funds (except Sewer Fund)
Capital Outlay Funds
Library Fund
1955 Bond Costruction Fund
1955 Bond Interest and Redemption Fund
W.O.C.W.B. Agency Fund
Treasurer's Departmental TrusL Fund
Special Assessment Funds
Treasurer's Special Assessment Fund
General Bonded Debt
at June 30, 1967, and the results of fund transactions for the year then ended,
in conformity with generally accepted accounting principles applied on a basis
cousistent with that of the preceding year.
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Since we are unable to satisfy ourselves as to the liability with re-
gard to water and sever refund agreements we are unable to express an opinion
on the financial position of the water Utility and Sewer Funds at June 30, 1967
and the results of their transactions for the year then ended. As a result of
our examination, however, it is our opinion that the statements present fairly
the assets and liabilities (except the liability with regard to water and sever
refund agreements) of the Water Utility Funds at June 30, 1967, and their re-
venues (except acreage fees) and expenditures for the year then ended, all in
conformity with generally accepted accounting principles applied on a basis
consistent with that of the preceding year.
Because of the omission of general fixed assets as noted above, it is
our opinion that the accompanying combined balance sheet does not present fairly
the over-all financial position of the City at June 30, 1967 in conformity with
generally accepted accounting principles.
The accompanying supplementary comments have been subjected to the
tests and other auditing procedures applied in the examination of the financial
statements and are subject to the same limitations expressed with regard to the
financial statements mentioned above.
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Tn a �_ fieeesal P�eed1 � i P+u �at3a�► end L31sra� .hmd i
Treasurer's cash 3,506-441.89 : $ 1,847,535.47 2,356,151.77 709,456.56 316,741
,01 � 2% 393
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Cash and Investments with fiscal agent 255.660.14 ,kI
Fatty cash 34,025.00 3E1000.00
Accounts receivable 258,107.70 121,336.33 33,625.05 220.00 4.69 92,921.63
Interfund loan receivable 222,671.66 222,671.66 - •
Due from Water Fund for 1955 Bond Interest and Redemption 5290883.30' 5199085.30 - •
Due from other Eunds 226,005.53 49,398.14 164,561.13 • - 2,046.26
Due from other cities 7,465.40 7,"5.40" - - -
Deposits 29,269.04
Plant in service (net) 6,040,182.07 - - - - 6,040,182.07
Spare parts inventory .542.62 - - -
Amount available and to be provided for Bond Interest and Redemption
TOTAL ASSRTS
MaILITINS AND SURPLUS
Accounts payable $ 709,867.38 311,258.15 215,654.02 62,373.50 $ 7,032.05 76,507.87
Accrued payroll 282,383.37 170,665.40 - - 6,202.73 3.0515.74
Matured interest payable •7,742.50 - - - - 7,742.50
Accrued bond prinnapal, 1963 grater bonds 26,666.68 - - - 26,666.68
Accrued bond interest, 1963 water bonds 22,720.92 - - - - 22*720.92
Refundable acreage fees 123,346.00 - 11,3".00 - - -
Refundable deposits 15,"5.00 151993.Q0. - - - -
Due to other funds 733,991.03 164,561.13 36,022.17 - 227.15 335,090.58
Due to Assessment District bondholders 17,433.33
Interfund loans payable 222,671.66E - - - - 222,671."
Prepaid liceness 29,212.05 29,212.05 - - - -
Advances for construction 48,756.:fi - 21,800.56 - - 26,955.70
Matured bond interest payable 240.00 - - - = -
Interest payable in future years 79,625.00 - • -
General bonded debt 490,000.00 -
Revenue bonds payable 3,693*333.32 - 3,693,333.32
Reserve for encumbrances 188,339.29 89,748.28 3,103.73 85,730.14 8,792.M 964.76
Reserve for accounts receivable 46,000.00 466000.00 -
Reserve for payment of general obligation bands 569,625.00 - - - 569,625.00
Reserve for Pavelon 33,051.56 53,031.56 - - -
Reserve for mounts due from other funds 569,493.30 S69,493.50 - - - -
Reserve for Intarfund loans receivable 222,671.66 MI671." - - 46 - -
Reserve for future engineering 73,522.77 73,522.77' - - - -
Reserve for contingencies 145,3 .21 145,3'88.21 - - -
Reserve for pier repair and maintenance 20,000.00 20,.OroO.00 -
r Contributions in aid of construction 1060619.66 - - - 106,619.66
City contributions to Water'rund 92,607.51 - - - 92,607.51 +
Fund balance 221,872.12 -
Surplus invested in fixed assets 776,756.97 - - 776,756.97
Unappropriated surplus _ 4&121:046.73 9Q3.7>4.7! 2�140.42.1.t3 :% 52 .!2 1 4 4I.- .5G2.,-411 9 •::
TOTAL LIAE23.ITias AND SUMUO. s a_aan_ 1_A� =R i_??�_!4!_3a a •.g a�� tee= e, �.e� g�� i +a_r ; y� ' 6 6_baa.�_os
See accompanyLug accountants! report.
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loss goad: ass i+oiid �` t'� � �`�� ��Eicisl:
carAtr aom lateraat ids iT.1 : .1 .9«, ii'� NItO�.. 'A w�Qt iti1lrlY''S cii1 moral
AasErs lh�e�d dwttiva land : .:. .` =mot l'uad bide AljsaussN land faadad Baba
Treasurarts cast; $ 77,310.38 4911071.09 #-15t Tl4.6t: 64,336.00 4'.38,216.67 0 17,435.33 -
Cash and Investments with fiscal agent '� 240.00 - - - -
Patty cash 25.E - - - -
Accounts receivable - - • -
Interfund loan receivable - -
Due from Hater Fund for 1955 Bond Interest and Redemption - - - -
Due from other lurds - - • - -
Due from other cities - - - - -
Deposits - - -
Plant in service (net) - - - - -
Spare parts taventory - - 542.62 - - - -
Amount available and to be provides for Bond Interest and Redemption - - 569.525.00
SAL ASSETS 3 7T_ 1Q.a8 R �9.311.09 S 151_9$? R 69 ��D_Oib -R 38.415_R? B 11_435.33 So R2� DQ
LIABILITIES AND SUMUS
Accounts payable - $ 37,041.79 - - -
Accrued payroll • - - - -
Matured interest payable - - - - - - -
Accrued bond principal, 1963 water bonds - - - - - - -
Ac:rued bond interest, 1963 vLter bonds - - - -
Refundable acreage fees - - - - - -
Refundable deposits - - - - -
Duo to other farads - - - - - -
Due to Assessment District bondholders - - - - 17,435.33 -
Intcrfund loans payable - - - -
Prepaid licenses • - - - - -
Advances for construction - - - - - -
Matured Laud interest payable - 240.00 - - - - •
Interest payable in future years - - - - - - 79,625.00
General bonded debt - - - - - 490,000.00
Revenue bonds payable - - - - •
Reserve for encimibrances - - - - - - •
Reserve for accounts receivable - - - -
Reserve for payment of general obligation bonds - - - - - - •
Reserve for Pavalon - - - -. .
Reserve for amounts due from other funds - - - -
Reserve for interfund loans receivable - - - - - -
Reserve for future engineering
Reserve for contingencies -
Reserve. for pier repair and maintenance
Contributions in aid of construction
City contributions to Water fund
Fund balance - - 114.325.45 69,330,.40 381216.167
Su,:plus invested in fixed assets - - :. t'; , • i = -
Unappropriated surplus 771,310.36_.
TOTAL LIOUITSES AND SURPLUS f ?� t,a_;a .s � �3ii_r .i t '��a��a� �o_ :D:aa: a _ d sx t ,1"�* •e 3 �_i2S`a�`
See accompanying accountanta' report.
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COMIMCOMM.��.�.LL yam.y.�, -
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For the year and9d Juno 30, 1%7
1935 Band
1555 bond Interest and
-Special Capital hater Canatruction tedeoption
• Total 2exieral -rind gM1 nine ftud-1 Outlay DA Mh= Mimi hnni
BALANCE, JULY 1, 1966 $ 3,391,500.34 $ 965,489.11 $ 1,503,985.00 $ 376-8564.39 $ 11,886.06 $ 3"1262.67 $ 77,310.38 . ! 45,982.53•
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ADD%
Revenues 8,519,872.19 4,313,340.29 2,326,767.53 339,995.44 205,461.21 1,,2826261.93 - 52,045.82•
Reimbursements and refunds - - - - - - -
„dJustment of prior year encumbrances 24,884-05 24,984.85 - - - -Adjustment of of prior year expenditures 157,034.6.1 14,307.52 142,726.89 - - - - -
Reserve for interfund loans raceivable,
July 1, 1T67 321,867.30 321,867.30 - - - - - -
Transfers from other funds 1,275,402.09 1,273,355.83 - - - 2,046.26 - -
Reserve for encumbrances, July 1, 1966 9a,742.13 872493.75 - - 3,434.11 3,824.27 -Adjustment of of reserve for amount due
from other funs 40,023.45 40,023.45 - - - - -
Reserve for amount due to General Fund for
• retirement of General Obligation Bonds,
July 1, 196u 618.450.p -
TOTAL Ica AND ADDITIONS7�b.76, 460,752&LO 3,273.47, 9,42 716:560.03 222;7a� _2s296� _. 77.310.38 -91 , 28,E
DIDUCTION's:
Expenditures 7,781,379.46 5,684,843.21 606,527A4 69,256.97 196,845.48 1,172,949.40 - 48,957.26
Expenditures an prior years' encumbrances 81,079.88 90,427.75 w - 652.13 - - -
Reserve for encumbrances, June 30, 1967 185,235.53 89,746.2.8 - $5,730.14 8,792.35 9".76 - -
Adjust for expenditures of prior period 77,333.62 77,333.62
Reserve for inter€und loans receivable,
June 30, 19£,7 2228,671.66 222,671.66 - - - - -
Write-off of uncollectible accounts receivable 2.79 2.79 -
Fund for retirement of General Obligation
Bonds, June 30. 1967 569,625.00 - - •. - 569,62540 -
Transfers to other funds 1 275 40 09
TOTTAL DiSIIi1TCT10NS lbil92r Tap,t�3 1F„�,7 55.4 1_833,4wi;97; lS4_w �Q6�3,269.2 1 M; .:.Al2. - ,_,..43.957 a6
3ALANCE, JUNZ 30, 1967 3 L_2s1_oaa_��, . A _x? �y+� a �_� a �1 a , ! s6i STF_42 i _i4Y_i A +.�t -ab': 4 T�_�t[►_ s a4_n�Y_oa
See accompanying accountants' report.
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CITY OF HUNTINGTON BEACH
GEN]", FUND
STATEMENT OF REVENUE I
For the year ended June 30, 1967
Over or
Budget Actual (Under)
Estimate Revenue Estimate
TARES:
= Property taxes $ 2,048,936.00 $ 2,014,725.79 $ (34,210.21)
Interest and penalties on {
delinquent taxes 3,000.00 8,905.41 5,905.41
Solvent credits 2,297.00 831.17 (1,465.83)
Aircraft 165.00 57.00 (108.00)
Water utilities in lieu taxes 34,500.00 35,885.80 1,385.80
Franchise, utility 75,000.00 84,182.13 9,182.13
Franchise, dry gas 3,400.00 981.44 (2,418.56)
Franchise, pipeline 20,000.0t. 12,539.10 (7,460.90)
Sales and use taxes 690,000.00 734,063.98 44,063.98
I' Occupancy tax 25,000.00 19,199.90 (5,800.10)
Cigarette tax - 101.276.88 101,276.88
TOTAL TAXES 28902,298,00 3,012,648,60 110,350260
j LICENSES AND PERMITS:
Business licenses 120,000.00 109,798.20 (10,201.80)
Subdivision licenses - -
i Bicycle licenses 700.00 852.00 152.00
Oil derrick licenses 20,000.00 47,510.56 27,510.56
E Journeyman plumbers' certificates - 1.25 1.25
1 Building permits 240,000.00 188,428.50 (51,571.50)
Plumbing permits 87,000.00 56,866.40 (30,133.60)
klectrical permits 80,000.00 43,441.69 (36,558.31)
Heating permits 30,000.00 15,731.26 (14,268.74)
Excavation, streets and
curb permits 53,000.00 31,035.73 (21,964.27)
Waste water disposal permits
and fees 25,000.00 19,655.00 (5,345.00)
Other permits and licenses 5,500.00 _ -„2,9447.75 �(2 i552.25)
TOTAL LICENSES AND
PERMITS 661,200.00 _ 1 -516.268.34 (1144.931.66)
FINES AND FORFEITURES:
Court fines, non-traffic 62,000200 51.745.69 (10,214.31)
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REVENUE FROM USE OF MNEY
AND PROPERTY: i
Interest income. 30,000.00 54,861.91 24,861.91
Lease - Hurtingt,�n Driftwood 42,000.00 36,300.00 (5,700.00)
Land rental 2,500.00 2,754.00 254.00
Building rental 17,000.00 22,110.15 5,110.15
Pier rentals and concessions 10,000.00 7,748.40 (2,251.60) {I
See accompanying accountants' report. f
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CITY OF HUNTINGTON BEACH
GENERAL FUND
STATOWT OF REVENUE
! For the year ended June 30, 1967
Over or
Budget Actual (Linder)
REVENUE FROM USE OF HONEY Estimate Revenue Estimate
AND PROPERTY: (Continued)
Beach rentals and concessions $ 34*000.00 $ 30,352.49 $ (3,447.51)
Golf course rental 3,000.00 4,565.62 1,565.62
Royalties and easements 22,000.00 43,143.00 21,143.00
Parking lot collections 440030.00 46,109.50 2,109.50
Other revenue from use of
money and property LQOO 00 798.90 (201.10)
TOTAL CHARGES FOR USE
OF MM AND FROPSRTY _ 05,500.00 _?. 8 9,� 43.97, r 43,44L 9 Z
RLVEMIE FROM OTHER AGENCIES:
Trailer coach license fees 20,000.00 24,552.64 4,552.64
State alcoholic beverage
license fees 28,000.00 25,987.18 (2,012.82)
County grants - lifeguard and
beach maintenance 75,000.00 75,000.00 •
State oil and gas lease 60,000.00 52,387.31 (7,612.69)
Lifeguard services 31,000.00 30,698.00 (302.00)
Beach maintenance 12,500.00 13,887.60 1,387.60
Other revenue from other agencies 12,000.00 �j20`4 6S (95.35)
�• TOTAL REVENUE FROM OTHER
AGENCIES 228,500.00 224,417.38 t4.082.62)
CHARGES FOR CUPMENT SERVICES:
Zoning and subdivision fees 38,000.00 22,073.74 (15,926.26)
Sale of maps and publications 3,000.00 1,261.24 (1,738.76)
Oil well application fees 9,000.00 9,689.04 689.04
Plan check fees 110,000.00 85,842.15 (24,157.85)
Engineering and inspection fees 120,000.00 59,160.22 (60,639.78)
Weed abatement ?.u,000.00 27,426.23 7:416.23
Special police department services 2,500.00 6,722.95 4,222.95
Special fire service 500.00 5.00 (495.00)
Other charges for current services ` 4.100t00 4,236.23 , 136.23
TOTAL CHARGES FOR CURRENT
SERVICES 307.1100.00 �216.406.80 „r-(90,,,691.200)
See accompanying accountants' report.
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CITY OF HUNTINGTON BEACH
GENEM FUND
STATEMM OF REVENUE
(Continued) '
For the year ended June 30, 1967
Over or
Budget Actual (Under)
Heti-ta, t� a Revenue Xstiv4te
REVENUE FROM SALE OF PROPERTY:
Sale of real and pernonal
property $ 1,000.00 $ - $ (1,000.00)
OTHER REVENUE:
Surfing championship 14,000.00 160649.45 2,649.45
Other revenue 616000.00 26.260.2§ _2G 2s�,06
"OTAL OTHER REVENUE 20.000.00 42i909.51 .22.909.51
' TMAL REVENUE 9 (74.257.711
See accompanying accountants' report. j
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CITY OF HUhTINGTON BEACH
GF,NERAL FUND
STATE14ENT OF NVENDITb'RES AND SgCUMBRANCF.S
For the year ended June 30, 1967
Appropriations Expenditures Encumbrances
(After against Current and Projects Unencumbered
Revisions) Appropriations .Authorized Balance
City Council $ 23,585.00 $ 23,578.16 $ - $ 6.84
City Administration 45,351.00 45,336.38 - 14.62
City Treasurer 35,329.00 35,260.21 55.12 13.67
City Attorney 42,561.00 42,536.23 - 24.77
City Clerk 50,486.00 50,129.40 330.41 26.19
Purchasing Department 20,262.00 20,252.09 - 9.91
Personnel 18,478.00 18,451.99 - 26.01
Finance Department 54,941.00 54,886.61 30.37 23.82
Elections 40.00 37.55 • 2.45
Planning Department 86,451.00 85,M.12 572.78 30.10
Celebrations 14,222.00 14,202.52 - 19.48
Municipal buildings 28,825.00 28,784.36 21.47 19.17
City general -
Non•departmental 1,040,281.00 1,035,533.18 4,664.50 83.32
Fire Department 777,191.00 770,044.01 7,077.35 69.64
Weed abatement 39,920.00 39,909.40 - 10.60
Parking ureters 11,067.00 11,049.64 y 17.16
Police Department 1,026,085.00 1,022,606.42 3,451.45 25.13
Lifeguard Department 307,609.00 305,379.64 1,606.75 622.61
Civil Defense 7,803.00 6,969.65 798.94 34.41
Building Department 246,922.00 246,710.81 171.81 39.38
Oil field inspection 34,588.00 34,555.;2 - 32.78
Engineering Department 302,942.00 299,825.03 3,056.70 60.27
Maintenance Yard #1 57,165.00 56,118.18 1,013.00 33.82
Building Maintenance 44,773.00 44,250.26 504.46 18.28
Sewer System Maintenance 40,595.00 40,577.73 - 17.27
Pump Station 32,933.00 32,793.86 105.02 34.12
Street Maintenance 318,693.00 280,618.17 38,016.52 58.31
Streec Bridges Maintenance $95.00 886.71 - 8.29
Street Trees 68,889.00 65,663.47 3,182.71 42.82
Street cleaning 47,305.00 43,597.47 3,701.60 5.93
Street marking 58,901.00 51,816.53 7,038.72 45.75
Street lighting 247,669.00 247,650.80 18.20
Traffic signals 19,934.00 19,565.56 348.40 20.04
See accompanying accountants' report.
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G,TY OF HUNTINGTOd BL'ACH
GENERAL FUND
STATEMENT OF MMENDITURES AND ENCUMBRANCES
(Continued)
For the year ended June 30, 1967
Appropriations Expenditures Encumbrances
(After against Currept and Projects Unencumbered
' • Revisions)- Appropriations� Authorized Balance
Beach maintenance $ 66,949.00 $ 66,802.79 $ 113.54 $ 32.67
Municipal Beach parking
lot 19,657.00 14,314.71 5,320.00 22.29
Municipal Pier 8,849.00 8,827.56 21.44
Municipal Parks
maintenance 73,600.00 73,556.58 - 43.42
Recreation Departuuent 430,556.00 429,979.87 927.12 (350.99)
West Coast Surfing
Championship 116 405.00 15,933.94 439.44 , 31.62
TOTAL EXPM-
ITURBS AND
+ ENCUMBRANCES 4 '�.768 7n7.On ��� !!� S 82_CA A S 1.3L_ILl
See accompanying accountants' report.
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CITT~
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'At June 30,•1967
Planned Local
Special Drainage Par" Special dark Spacial Animal -
Recreation facilities llstas Acquisition Ras TAX Liceaae Too
• ASSETS Total.... fund U;1r.. 'hind-.- .-...- .. na _
Treasurerts cash +256.151.77 42:050.02 774,262.64 $927,368.32 $ 3,950.00 - 452.W.69 $ 5,732.10
$ 2 $
Accounts receivable 53,6Z.1M 2,092.55 46,000.00 3,532.50: - - -
Due from other funds 164,S61'Lll ..16�5b1,13 - •• �_,r.:,_,, - - -
TOTAL ASSETS `.4i4.397:9_ti S Sg.7d'+_70 S >� .�6Z6� B933_1t1Q.e� B �ld� �l S� SIA_64 'B S_T42_i�
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LIABILITIE-R AND SURPLUS
Accounts payable $ 215,654.02 $ , 126.513.39 $3,408.54 5.732.10
Advances for con, Lion 21,800.56 - 21,800.56 - - - - -
Acreage fags refundable 11,346.00 - 11�346.04 - - -
40 ' Due to other funds 36,012.17 - 32,062.17 - 3,950.00 - - -
Reserve for accounts receivable 46,400.00 - 46,000.00 - - - - -
Reserve for encumbrances, June 30, 1967
Miscellaneous deposits 3,103.75 3,103.75 - - - - - -
Unappropriated surplus 2.140,421,45 255.599.95 _ 593,1156*.33 921:754.52
TOTAL LMILITINS AND SURPLUS a 2 4?4.3'�7.94 a 2!�_7p3 ?O R 51►6_��_6t R933_IDD_82 :!�� B - � i, ;2 tR6 69 �5.2� 9
See accompanying accountants' report. ;
-77C7 ?s..�:'t lr.� c r r.�•-s- �'a�+ .a,'. '- ..ldci fir. -
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CITY OF HuffIWAI N'BRACH J
SPECIAL R27AiUB FUNDS
STATENWT OF UNA*.'PROPRIETED SURPLUS
For the year ended June 30, 1967
Planned
Local Special
Music and Special Drainage Park Anisal
Promotion Recreation Facilities Traffic Parking Auto in Acquisition Special Licaaaa lee
Total Fund Fund Fund S'eifer Fund Safety Fund bliiIII Fund Lieu Tax Fund end Gas Tax Fund
BALANCE, JULY 1, 1966 $1,503,985.00 $ - $ 45,907.00 Y 607,255.43 $ 807,779.74 Y - S - $ - $ 28,111.13 $ 14,931.70 �
ADD:
Revenue 2,326,767.53 114,013.81 394,29P.71 207,326.17 163,713.18 144,308.49 35,423.00 562,954.96 - 658,710.76 41,018.55
Adjustment of prior
3,ear's expenditures 14c,,26.89 - 129.00 -
TOTAL BALANCE
AND ADDITIONS 3,973,479.42 114,013.81 440,334.71 814,581.60 976,492.92 144,308.49 35,423.00 5-62,954,86 28,111.13 616, .35 41,018,55
DEDUCT:Expenditures 608,527.14 - - - - -
220,695.07 54,738.14 28,111.13 267,060.20 37,922.64
Tranafers to other .
funds 1,224,530.83 114,013.81 184,734.76 - - 144,308.49 35,423.00 562,954.86 - 180,000.00 3,095.111
Adjustment of prior
year's revenue — — — — — — — —
TOLL
DEDUCTIONS 1,833,057.97 _ 114,013.81 184,734.76 220,695.07 54,738,10 144,348,49 35,423.00 � 562,954.86 _28_111,__ 447,060,20 _41.018;5
BALANCE, JUKE 30, 19672_i40.421_45
P
See accompanying accountants' report.
_.. .- - .y�` •. ^Six~; ., �♦ �*� ` `.�.��.. `.'t �,;">7;.':" `�•_
' - � •� �`t� �t,3_'.. �x Via^_. � .�i
CITY-O.w MWwWWN DUCH
S?'IX= REVXEM FIUMS
SThTE1+tEt1T OF REYE M
For the year ended June 30, 1967
` planned
Local Special
Nasic and Drainage Auto in Park
Promotion Recreation Facilities Traffic Parking Lieu Tax Acquisition' Special Animal
Total Fund Fund Fund- ' . ' Sewer Fund Lafety Fund Meter �` Fund Fund GM Ug RrA . ]61MMe ewe
Property taxes $ 263,066.52 $ 112,534.21 fi 150,532.31
Royalties and easements 2,435.24 - 2,435.24 - - - -
Ocean View School
agreement 17,725.00 - 17,725.00 - - - - - -
Recreation Depa.tment
fees and charges 49,105.23 - 49,105.23 - - - - - - -
Federal grant ;or park
site& - - - 71,890.73 - - - - - -
Sewer permits 71,890.23 - - - t 51,315.63 - - - - - -
Sale of property 51,315.63 1,4?9.60 5,976.89 25,812.97 45,506.82 - - - - 9,752.93
Interest 88,529.21 - - - - - - - -
Local assessments 181,497.77 - - 181,497.77 - - - - - -
Earned diEcounts 15.43 - 15.431/ - - - - - -
Vehicle code fines 144,308.49 - - - - 144,308.49 - - - - -
Parking meter collections 35,423.00 - - - - - 35,423.00 - - - -
Motor vehicle license fees 562,954.86 - - - - - - 562,954.86 -
State gasoline taxes 636,727.83 - - - - - - - 636,727.63 -
Animal licenses 41,018.55 - - - - - - - - 41,019.55.
Subdivision licenses 164,561.13 - 164,561.13 - - - - -
Unit lot fees 3,910.54 - 3,910.54 - - - - - - -
Other revenue 12,182.57 - 52,37 - - U.M.
TOTAI.
See accompanying accountants' report.
' - � - a•a ��'r„«•,. 'ti s.' i,�. � VFW `} .. �;t , .
+� - .. .. _ i• r tj �y:� - `'•`.'=_ e�y�'��^'���h:.���`•T+` •� .a � fir' „ -
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CITY OF RUNTINCTON BRACH
SPECIAL REVENUE FUNDS
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
For the year ended June 30, 1967
Encumbrances
and Projects Unencumbered i
h2pr`oppri.ated , 4xpended - Autharired Balance
Planned Local Drainage Fund 8 175.000.00 L.Z79 $ $ (45.695.07) i
Sewer i<und $ 230,000.00 $ 54,738.10 $ $ 275,261.90
Special Park Acquisition Fund S - $ 26,111.13 5na
� � [28.11i.1'•) f
Special Gas Tax Fund 3 600.000.00 ..,2 '7'G S 332.939.80
Animal License Fee Funi S 33.000.00 3 37. 2222.64 t S (4.922.64)
See accompanying accountants' report.
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CITY OF HUNTINGTON BEACH
STATEMENT OF REVENUE
For the year ended June 30, 1967
l
CAPITA. OUTLAY FUND
Over or
(Under)
Estimated Actual 6st„_ image .
Property taxes $ 321,106.00 $ 319,297.21 (1,808.79)
Interest 6,000.00 20,646.75 14,646.75
Earned discounts - 51..48 ,1.48
TOTAL S 327.106.Ob S 339.995.44 S i2.889.41.
LIBRARY FUND
Property taxes $ 197,865.00 $ 196,481.32 $ (1,383.68)
Libre•.y fines and fees 120000.00 8,943.41 (31056.59)
EAreed discounts - 33.64 33.64
TOTAL S 209.865.00 a ZOS_[,58 '�7 A ��=
* 1955 WATER BOND INTEREST
AND REDEMPTION FUND
Property taxes $ 48,830.00 $ 48,816.76 $ (13.24)
Interest 140.00 3,229.06 3.089.06
TOTAL S 49.970.00 5 52.045.82 3�@8
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SPECIAL ASSESSMKNT FUND
Engineering inspection fees $ $ 1,656.23 $ 1,656.23
Interest - 201.46 201.46 j
Other 1,170.94 1,170.94
TOTALS S -__ j 3.0 8.63 4aoo2,1:-63:
I
See acco.mpanying accountants' report.
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CITY OF HUNTINGTON BEACH
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
For the year ended June 30, 1967
CAPITAL OUTLAY FUND
Expenditures
Against Enctmibrancns
Appropriations Current and Projects Unencumbered
(ia,s__Revised) Appr^opriations Atthorized Balance
City Treasurer $ - $ 242.32 .$ - $ (242.32)
City Attorney - 858.00 (858.00)
Police Department - 1,768.00 780.00 (2,548.00)
Street Trees 5,611.00 - (5,611.00)
Beach Maintenance - 11,717.95 - (11,717.95)
Fire Trucks 49,059.70 (49,059.7()
$ - S 69.256.97
LIBRARY FUND
Salaries $ 132,829.00 $ 132,644.80 $ $ 184.20
Book rental 3,465.00 3,463.20 - 1.80
� j Materials and supplies 5,810.00 5,662.21 135.73 12.06
1 Books 37,900.00 30,745.20 7,150.65 4.15
Ut 'tties 1,980.00 1,975.53 - 4.47
Telephone 1,185.00 1,184.21 - .79
Book repairs and binding 2,390.00 2,389.00 - 1.00
Building maintenance 1,221.00 1,175.91 41.21 3.88
Equipment maintenance 461.00 459.73 - 1.27
Vehicle operation 3,209.00 3,204.92 - 4.08
Conference expense 375.00 373.89 - 1.11
Equipment 7,287.00 5,977.31 1,307.46 2.23
Building rent 7,120.00 6,962.28 157.30 .42
Miscellaneous and sundry 640400 627.29 _ 12;7j�
TOTAL S 205 872_QO 19L.&/A%L,MAQ Q_ 8.79 _35 $ —14 17
See accompanying accountants' report.
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•
�. - - 1 � _ ' � _ • _ � - y'+. -.�a. fit:
IL
1unromm - •'X`
CITY Or
W.AnR MLITY. f t ram'
At June 30, 1967
. 196 -
3 water
1963 Water Revenue
Revenue Bond Bond
• Interest and Investment 1963 Water Bonded Debt
Water Redemption Revenue Revenue Bond Croup of Adjustments Cosbirmd
ASSETS Utility Fund Fund Fund Reserve Fund A,Accccounle TOUtl [bete) Salome shout
Treasurer's cash $ 254,347.73 $ - $ 2,046.26 $ - $ - $ 256,1M.99 $ - $ 256,393.99
Cash and inveatments with
fiscal agent - 57,130.10 - 198,290.00 - 255*420.10 - 255,420.10
Accounts receivable 82,921.63 - - - - 82:921.63 - 82,921.63
Due from other funds 2,046.26 - - - - 2,046.26 - 2,046.26
Deposits 29.269.00 - - - - 29,269.00 - 29,269.04
Plant in service (Less accumulated
depreciation of $388,701.21) 6,040,192.07 - - - - 6,040,152.07 - 6,040,182.07
Amount to be provided from future
revenue for bond redemption - - - - 3,693,333.32 693,333.32 3. .
Amount to be provided from future �3,693,333.32)
revenue for bond interest - - 2,091,096.58 2,091,096.58 (2.091,096.58)
TOTAL ASSETS S 6.408.76 .69 �5�30 S 2.046.26 S 198.290.00 $ 5.784.42L S 12.450.662.45 S f5,784.429,941 S 6_66b.233 OS
LIABILITIES AND SURPLUS
Accounts payable $ 76,507.87 $ - $ - $ - $ - $ 76,507.87 $ - $ 76,507.67
Accrued payroll 5,5 6.24 - - - - 5,51;.24 - 5,315.24
Accrued bond principal, 1963
water bonds - 26,666.6P - - - 26,666.68 - 26,666.68
Accrued bond interest, 1963
Water bonds 22,720.92 - - - 22,720.92 - 22,720.92
Matured interest payable - 7,742.50 - - - 7,742.50 - 7,742.50 "
Due to other funds 533,W.32 - 2,0E+6.26 - - 535,090.58 - 535,090.56
Interfund loans payable 222,671.66 - - - - 222,671.66 - 222,671.66
Advances for construction 26,955.70 - - - - 26,955.70 - 26,955.70
Reserve for encumbrances 964.76 - - - - 964.76 - 964.76
Reserve for payment of general
obligation bonds 569,625.00 - - _ _
Bonds payable in future years _ _ _ - 569,625.00 - 569,625.0Q
interest payable in future years _ _ - - 3,693,333.32 3,643,333.32 3,6�l3,333.32
2,091,096.58 2,0910a96.58 (2,091,096.58) -
Contributions in aid of construction. 106,619.66 - - - - 106,619.66 - 106,619.66
City contributions to water fund 92,607.51 - - - - 92v607.51 - 92,607.51
Surplus invested in fixed assets 4,470,090.29 � - - - - 4,470,090.29 (30693,333.32) 776,736.97
Unappropriated surplus 304.I64.68 - 198.290.00 502i 454w SOZ,4S4:bQ
TOTAL LIABILITIES
n.. 6 f5_ZB4_i29.!l�1, 6 6. -23z: 1,I
AND SURPLUS S 6.408.766.69 S 57.1 S 2.Q46.2U 9
• NOTE: Adjustments remove future revenue and offsetting surplus invested in fixed assets from combined balance sbeet.
See accc+mppnying accountants'• report. _
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CITY•OF N08TMAGTON BRAf6€
WATER UTILITY IMNDS
STATMENTS VF UNAPPROPRIATED SURPLUS
For the year ended June 30, 1967
1963 Water
• - 1963 Water Revenue
Revenue "Deed Bond
Interest and Investment -1963 Water
Water 'Utility Radamptiaa L ave=* Revews .Bond_ �
Fund Ttmd Iured •164as-s !Od ToW_�
BAI.6NC8, JULY 1, 1966 $ 199,301.91 $ - # 765.76 $ 190,215.00 390,282.67
Revenue 1,272,906.40 - 1,280.50 8,075.00 a,282,261 "
Transfers from other funds •2,046.26 - - - 2,046,.26
Reserve for amount"due General Fund for retirement of general
obligation bonds, July 1, 1966 618,450.00 - - - 618,450.00
Reserve for encumbrances, July 1, 1966 3,824.27
TOTAL BALANCE AND ADDITIONS 2,096,528.84 - 2.WA,26 198.2%2M 2,296,865.10
DEDUCT:
Expenditures:
Operating 616,281.53 - - - lF16,281.Ss
Non-Operating 352,424.68 - - ,•352,424.GE
Expenditures on prior ;ears encumbrances 3,833.63 - - - 3,833.63
Additions to fixed assets 200,409.56 - - - 200,409.56 *
Additions to fixed assets transferred to uti%ity fend fixed assets - - - - -
Transfers to other funds 48,825.00 - 2,046.26 - 50,671.26
Reserve for encumbrances, June 30, 1967 964.76 - - - 964.76
Reserve for amount due General Fund for retireaent of general obligation
bonds, June 30, 1967 569,625.00 - - - 569,625.00
Write-off of uncollectible accounts receivable -
TOTAL DiiWCHOAS �m792 364.16 - 2,046.26 - 1.714,41Q.42._
BALANCE, JUNE 30, 1967 S 3dL_264_68
See accompanying accountants report. '
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CITY OF HUNsINGTON BEACH
WATFA UTILITY FUND
STATEMtUVT OF INCOME
For the year ended June 30, 1967
OPERATING REVENUE:
Metered sales $ 1,153,203.96
Unmetered sales 371.39
Municipal sales 7,766.07
Irrigation sales 5,467,05
rwr.
TOTAL OPERATING REVENUE -- 1,166,808.97
OPERATING EXPENSES:
Source of supply:
Operation $ 1,438.03
Maintenance 549.62
Purchased water 192,220.11 194,207.76
Power and pumping:
Operation 3,574.97
Purchased power 29,592.41
Maintenance 7,654.86
Pumping tax 93,769.20 134,591.44
Water treatment:
Operation 12,895.26
Plant maintenance 371.34
Equipment maintenance 170.67 13,437.27
Transmission and Distribution:
Operation 10,649.42
Maintenance 23,482.33
Meter maintenance 7,140.26
Hydrant maintenance 1,256.78
Valve maintenance 2,090.04
Service maintenance 3,746.19
Meter test and repair 13,277.96
Other _ 694.38 62,337.36
Customer Accounting:
Meter reading 15,275.92
Billing 30,815.48
• Collection expense 7,885.87
Other 6,179.24 60,156.51
Administration and General Expense:
Supervisory salaries 14,479.00
Conferences and conventions 637.45
Office supplies 358.32
Utilities 1,702.52
Retirement 10,523.74
Maintenance 236.75
Uniform allowance 136.22
Insurance 4,698.32 32,772.52
See accompanyiig accountants' report.
• 19
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CITY OF HUNTINGTON BEACH
WATER UTILITY ;'UND
STATEMENT OF 111COME
(Continued)
For the year ended June 30, 1967
OPERATING EXPENSE: (Continued)
Other expense:
Refund - SCW contract $ 14,325.90
Lease - San Jorquin Reservoir 100,000.00
Vehicle operation and maintenance 3,271.73
Radio repair 710.99
Other ,�470 05 $ 118,778.67
TOTAL OPERATING EXPENSE 616,2�81,53
OPERATING INCOME 5_50.527.44
NON-OP ERATING REVENUE:
Acreage service fees 39,856.32
Fire hydrant rentals 28,800.00
Reimbursable services 3,081.04
' Interest earned 6,389.92
Other 27,970.15
TOTAL NON-OPERATING REVENUE 106,097.43
LESS NON-OPERATING EXPENSE:
Depreciation 137,158.64
Fiscal agent fees 1,431.05
Interest transferred to General Fund
on G. 0. Bonds 48,825.00
Interest on 1963 Revenue Bonds 169,975.40
Payments to City in lieu of taxes 35,685.80
;. W.O.C.W.B. expense 11,162.34
Payments on reimbursable nervices 27,213.75
TOTAL NON-OPERATING EXPENSE 431.652.48
NET NON-OPERATING INCOME (LOSS) 325 555 05
NET INCOME S 224.972_19
I
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See accompanying accountants' report.
4'
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SUPPLEWITARY COXMMS
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CITY OF HUNTINGTON BEACH
SUPPLEM9,TfARY COTMTS
TREASURER'S CASH:
Treasurer's cash balances at June 30, 1967, consist of the following:
Demand Deposits:
Security First National Batik:
General Account $ 243,919.76
Trust Account -
• Water Account 79,347.73
United California Bank:
General Account 77,966.64
Special Assessment Funds 17,435.33
Treasurer's Trust Fund _ 69 J 0.00
Total Demand Deposits $ 407,999.46
Time Deposits:
Security First National Bank 2,870,442.43
United California Bank 650,000.00
Bank of America 500,000.00
Crocker-Citizens National Bank 500,000.00
Huntington-Valley Bark 500,0Q0 00
Total Time Deposits 5.020.442.43
TOTAL TREASURER'S CASH IN BANKS 3 5.508.441.89
It is required by the Government Code that banks holding funds of pub.
lic entities pledge with a trustee agency collateral in the amount of 110% of
1 the public funds on deposit. We determined by direct correspondence with the
1 trustees of each of the City's depositories if adequate collateral had been
pledged. All depositories except the Security First Nationr1 Bank had met this
requirement. The Security First National Bank hud pledged securities in the
• amount of $2,890,029.00 with the equitable trust company to cover the City's
deposits of $3,193,709.92.
REVLNiJE.
Revenue of the General Fund totalled $4,313,340.29 for the year ended
June 30, 1967, an increase of $505,779.50 over the previous year. A compar-
ative statement of revenue follows:
See accompanying accountants' report.
21 _
•
Increase
1965-66 1966-67 (Decrease,)
Property taxes $ 1,527,990.74 $ 2,014,725.79 $ 486,735.05
Interest and penalties on
delinquent taxes 7,899.33 8,905.41 1,006.08
Solvent credits 902.50 831.17 (71.33)
Aircraft taxes 300.04 57.00 (243.04)
Water utilities in lieu taxes 29,711.45 35,885.80 6,174.35
Franchise, utility 75,441.66 84,182.13 8,740.47
Franchise, dry gas 1,888.22 981.44 (906.78)
Franchise, pipeline 18,631.95 12,539.10 (6,092.85)
Sales and use taxes 560,666.41 734,063.98 173,397.57
Occupancy tax 17,404.91 19,1P9.90 1,794.99
Cigarette tax - 101,276.88 101,276.88
Business licenses 100,482.51 109,798.20 9,315.69
Subdivision licenses 202,700.00 (202,700.00)
Bicycle licenses 718.00 852:00 134.00
Oil derrick licenses 19,517.20 47,510.56 27,993.36
Building permits 226,244.75 188,428.50 (37,816.25)
Plumbing permits 83,853.60 56,866.40 (26,987.20)
Electrical permits 69,829.96 43,441.69 (26,388.27)
Heating permits 27,165.95 15,731.26 (11,434.69)
Excavation, streets and curb permits 54,866.61 31,035.73 (23,830.88)
Waste water disposal permits
and fees 15,907.50 19,655.00 3,747.50
1, Lifeguard services 30,698.00 30,698.00 -
Beach maintenance 11,967.19 13,887.60 1,920.41
Court fines, non-traffic 48,993.4; 51,745.69 2,752.22
Interest income 26,242.52 54,861.91 28,619.39
Land rental 42,240.00 39,054.00 (3,186.00)
Building rental 14,199.32 22,110.1.5 7,910.83
Pier rentals and concessions 8,773.37 7,748.40 (1,024.97)
Beach rentals and concessions 27,069.76 30,552.49 3,482.73
Golf course rental 32,822.65 4,565.62 (28,257.03)
Royalties and easements 28,036.31 43,143.00 15,106.69
Parking lot collections 45,558.00 46,109.50 551.50
Trailer coach license fees 14,907.56 24,552.64 9,645.08
State alcoholic beverage
license fees 21,674.70 25,987.10 4,312.4E
Oil and gas lease 39,952.5E 52,387.31 12,434.73
County grants - lifeguard and
beach maintenance 54,000.00 75,000.00 21,000.00
Zoning and subdivision fees 29,660.60 22,073.74 (7,586.86)
Oil well application fees 8,803.50 9,689.04 885.54
Sale of maps and publications 1,963.05 1,261.24 (701.81)
Special police department services 3,205.30 6,722.95 3,517.65
Engineering fees and inspection fees 120,912.56 . 59,160.22 (61,752.34)
Plan check fees 101,793.75 85,84 2.15 (15,951.60)
Weed abatement 23,471.12 27,416.23 3,943.11
Other revenue 2 492,19_ 52,803.29 24,311.10
TOTAL REVENUE S1 07.560.79 S G.311.140.29 505_779 "
See accompanying accountants' report.
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a
1963 WATER REVENUE BONDS:
The following comments are made in reference to the accompanying bal-
ance sheet of the water utility funds.
Pursuant to Resolution #1730 adopted by the City Council, a special
election was held on April 30, 1963, for the purpose of submitting to the voters
the proposition of issuing water revenue bonds in the amount of $5,7000000.00
pursuant to the Revenue Bond Law of 1941. The proposition was approved by the
voters and on November 1, 1963, the City sold a portion of the bonds amounting
to $3,750,000.00.
Under the provisions of Resolution #1844, certain cash accounts were
established to assure the proper disposition of bond proceeds and provide for
the repayment of such bonds in a systematic manner. Payments may be made from
these accounts only as provided by law and the resolutions mentioned above.
1963 WATER REVENUE BOND INTEREST AND REMPTION FUND:
Payments from this fund are restricted to bond interest maturities and
bond redemption of the water revenue bonds.
For the purpose of paying the matured interest, the bond resolution re-
quires that the fiscal agent set aside out of the bond revenue fund at lease one-
sixth of the semi.-annual interest maturity each month.
• For the purposes of bold redemption, the resolution requires that the
fiscal agent set aside each month out of the revenue fund at lease one-twelfth
of the amount of the bonds that will no tune and be payable within the ensuing
year.
Honey in this fund may be temporarily invested in any authorized
investments provided that the maturity of such investments is not lat. . than the
date that money is required for the payment of bond interest or redemption.
See accompanying accountants' report.
.. 23 •
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The fiscal agent for the City is atltborized to make such investments.
1963 WATER BOND INVESTMENT REVZNUE AMD:
The cash balance in this fund represents that portion of the interest
earned on the Bond Interest and Redemption Fund casn invested by the fiscal agent,
not yet paid to the City. Thin fund is not required by the Bond Indenture and
is adjusted to the fiscal agents' records annually.
• 1963 BOND RESERVE FUND:
I
From the proceeds of the bond issue an amount of $175,000.00, (a sum
equal to the maximum annual debt service) was required to be set aside in a Bond
Reserve Fund. This fund is restricted solely to the payment of principal and
+ interest on the bonds in the event that sufficient monies are not available from
t
the Bond Interest and Redemption Fund. Any monies used out of the Bond Reserve
Fund for purposes within its restrictions, are to be replaced immediately from
the Bond Surplus Fund or the Bond Revenue Fund.
�]r�l
GENERAL COMMENTS ON 1963 WATER BOND FUNDS:
Sufficient review and examinations were mode to satisfy ournelves that
the necessary steps had been taken by the City for compliance with the provisions
of the bond resolutions.
Bank balances were reconciled with balances confirmed directly with
the bank for each fund. Collateral pledged by the banks as security for City
funds on deposit With them was confirmed directly from the trustee agency.
• Cash was provided to each of the required funds as required by the
bond resolution. The Security First National tank, Main Office, Los Angeles,
California, is the: designated fiscal agent for the City.
See accompanying accountants' report.
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