HomeMy WebLinkAbout1950 Waterworks Fund Report of Examination,0
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AKRN
NEW
E
R N
S T& E R N
S T
HIIA
PHILADELK
BIRMNGHAM
BOSTON
PITTSBURGH
PORTLAND, ME.
BUFFALO
CANTON
ACCOUNTANTS AND AUDITORS
PROVIOENCE
READING
CHICAGO
RICHMOND
CINCINNATI
ROCHESTER
CLEVELAND
COLUMBUS
SYSTEM SERVICE
ST. LOU15
PAUL
DALLAS
ST.
AN ANTONIO
DAYTON
DENVER
SEA TRENCISCO
T
DETROIT
TOLEDO
ERIE
FORT WORTH
MINNEAPOLIS
WASHINGTON
WINST ON -SALEM
GRAND RAPIDS
YOUNGSTOWN
HOUSTON
INDIANAPOLIS
KALAMAZOO
FIRST NATL -SOO LINE BLDG.
TORONTO,CANADA
KANSAS CITY
LOS ANGE LES
DELIVERY ZONE 2
CORRESPONDENT AT
LOUISVILLE
MEMPHIS
LONDON
MIAMI
_
MILWAUKEE
MINNEAPOLIS
CABLE ADD RESS'
"E RN STAUDIT" N. Y,
My 222 1951
yj u& or mulat m1mi sota
Ws haw* *'Wn tho e* sWwt of tho NATMOW
ND at the VTLUM OF IMINA ss of sm r 31# 19 # sod the re�
l.st*d s$atemits of Ineme wd mmse Ind slr±it o fOr the are
thin 06* , �l�ftllYlll�lk�str<'�toft Vag iwd* In ac and ,'h r +sr iy
so p� I tt st4wdW#j and mcoordftgly Inoludod sou Us is at
e accamt1up rftor4m and AurA oth*r 61muting forem4urof ss wo ems -
our a fly m,, tow upm our mainatim and upon
o roporto of the bl a =m1>I or of tho 3tato of 91anosoU for US
s r 31v 1948v Us acc+g wag Wane* s oet and statoomts of
ink *X046" 4m suftlus rosont fairly tbo jrUmeta l rositleft
of the , M X0 Fraw of the viturZ, W EDINA at 000*6bor 34 19509
d tho rsl� lts of its opmUm t for the thros yosrs and six moat
portod thorn endedo In tonforalty m1th gonerally ateopted *e*mmt1ng
C*rUtUd Publia Aecomtents
Our certificate or report upo an audit or examination is delivered to client with the distinct understanding that any advertisement,
publication, or ropy Tn herefrom, in fall or in Part, of srrch certificate or report, .shall be in the form to be approved by us.
As a prerentire against fraud, attention is directed to the fart that all rages in this report should bear our water mark.
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Docomber 31 it 1950
.0
AMU-
2004*0*95
2=1
rot bonds and lnter4'tt
Buildix"?s ana equipment
Less allowance Vor depreciation
eforred Charf"ess
Ummortlied'property acquisition costs
Prepuld Insurance
Due to *thar ftmas
Aecounts payable
Traft aecountx
Scaarios and wages
Intore-st
Deferred Ineove
Bon4s payable - due-
2 Septtaber
On-bulauess
accred GxP*AsMSI
a wcoo *00 annum r
`, lad VGWOOO MMUS11v
3LIrplust
1� 2Ov425495
�alfi= 0 24093#45
Os543*82
ULM 81,670,82
274*95
ULM 9.50074
D, 7x392.30 155-69016-005
76.g6II_&22, �M&!jS&*Aj 4869797#13
1951
throUgh
19521
1953
tough
19%1
1957
through
1 0 end
1961
through
1007
891.11
L 1+
2
92*46
05229I76,38
1*260,40
ffu�
ReValUatiOU of ft"d &SSOtS - Note A � 3?t561,22
Coatributed by special assess eats - Note A 304*250,10
surplus*
Appropriated
Unappropr1ated n X57. Ag651.4 jZZ.81932�1
S
U522.9176*38
Note A - The origlual utility purchased in 1947 Is e*rrled at
amounts based on appraisal at tbv ot acq%I31--tion. Subse-
4ment pur chases are carried at cost. Water mains for
whieh the beaefited property ovnsrs have beon assessed are
curried at construction cost wIth contra credit to surplus
contributed by special assessments#
4-
�01391 OF E
VILLA VILLAOR 07 EDINA
Three yeaft and six sonthe ended December 310 1950
------------------------------------------------------------------------------------------------
Contributted
by speel'at
Ea=04
Assessmayats
I-evaluistloft
Ulance July It 191+7
t4
Net in"Ses
S, U months a e4 DeftabOr 310
1947
4996246
Year endear Decezbor 312ts
-
1949
701 *75
1950
1 ,. 8yi''i WK
-
",-,s °res* Ot nat appraisal vale of
original purchase over st
Tranafers equal to depreoiation
on
excess of apurateatl value over
Six worths Wed d cent r 319
costs
11'47
3--40-99
��� • �
r
Yoar ended �Fember 31'9ts
194-8
681+
681480
1950
681098
?pater maize Oontr$.buted by
special assassmantes
Total. at time of ac u1sition
of utility
(cost less f;2 ,P235. 8 accumasted
provie'ico ror 4epreclation)
960 7 *68
Six months ended; De tuber 31#
I 47
91191061
Year ended De belk Sets
11949" 9
197.76
195
Balance at aezber 31#
1950
X 3 ,7 .1
5304,2 M10
?461*
3C R4s b
ACV
A==O .
InUcates.re4 1guro.
a
--
•
VIl MA
Years ended Doe tabor 3I# 1950.► 19W 1 tad six mend ended �,eewu er 34 1947
Gross Inc
water $ &Irs and PonaltUs
Pests =d fees
Profit on eaters sold
and debt service charges#
PWI®
D s'tritnum
AWnIstrative and Camal
AND VM SERVIC9
e Doproclotion and debt
service, a rdss z
Pro seen for d+eproclattan
Aaartl satlm of Fr* rty
acquisitim and bond Issue
aanse
Interest on bands
a
UT
INC4N
Six Manths
ad"
*W
r
` +$
F
$24,. 973.93 *18M0,94 I9, 377.42 9,99+.23
S, l ?5* l $ ?t,154-61 4 fr $ 0* 42 S 2, I10.82
$32, 38620 7: 118*75 9 14 921* d4 $ 4,96246
36
M"A**. X 'a'r
Nate A - to the PreparWon of this scat+ t-t ratroect ve effect
has been given to reflect adjustments In applicable years
for tae amount poid in the ar 947 t6 the
General lend and SchaoPtstrtet char , and Oblob WOO
subs*qviently reruad*d to the Watemons Fmd in the year
1944 Also reMetad ar* ad3ustomts der thargos. by the
Genera. nd In the aaf =ts of ' I4�� 3 X320. My and
UN 00 for the years 194?, I9 1, and 1940 "OPOW.vaty,
_17..
.i
i
UGS OP IDIITA
Y r eWOd Doeombor 319 1
I& C �WfM WIM "" IN I lift 11 N. Mum I all 1 �es+aaar�r.. rsmo�erae r.�n�e� sit . raee
1
Additions Deftetions 310 1 � 0 19 9 PrOvIsUm Deductions 32o 313 1�
:T
4 OUS s
b
N,habev a
lumber
Tank avA towers
1947 s pfisr c"StmWtitn
ts�fiii .
TOTAL MY, AM TOWO
DiSUIb i *"test
Pa"b*fed In 19471
Wa and P-r.ea construction
9 fits 1 tonotrmtIon
i constrwtion
i'#1OOrAltloni t in 1947
5 665
ii
f I ?!=
iti.65
r M1�k
US-1K.,
I
{
I i ::;�
v 006
196025 $
7392036
263+51
w
"'«•
404 :�,
` 1st 3
_vNNOO 315#35
IR« ,
nag
�� �.
88« # 1 #268.1
126
S `1#392,30
1*876
5,3 �
V660 110625 $ 2 *62 07oft X 188.39
LAI I tj�
PA.1a p
off
TMOM M", A.5st"
;G
AJUPIO %6*68
1 low
�4028
#N 02
479275*th
10S 04091
Atell**
0M
7;45204
SIC4*6011067
sw4l"
Ot'16'swilm,
$563040035
*1% X.Ilftk *m 14, Ar"
U"ll-Li-I
4k
�-,4%097*13
194W
1148
1949
akR
Ntax
fy
19
Ir
P.0
1950
21
1-950
22
1940;
2
1"0
25
1950
26
1990
27
� I
I I
Wooddalo Avomw
1*0
Mas Court
TMOM M", A.5st"
;G
AJUPIO %6*68
1 low
�4028
#N 02
479275*th
10S 04091
Atell**
0M
7;45204
SIC4*6011067
sw4l"
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$563040035
*1% X.Ilftk *m 14, Ar"
U"ll-Li-I
4k
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0
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J.
-- ' ;F ' -`X.' a, 4 — -.. .. .- . . -:::' +� Y, --!I-
" . -.M f._ vC.. -r�F� 'aR•, ��= -t� 1N! f�f' 3. -d.F a -* ^3�:'.;?-
July 'I# 1.47s
•.$0
0
19511, to 34mtaiaber %# 1967
Interest asta at
Year maturing. Bonds a interest TOM
oo
, 5.00 8N s.
+9 ► do 1* 000. q 61 x.0Q �� 0# 00
o % W. 3*405,00 109 485* na
19R do 70W,00 3.r X10.00 10010,00
195 790W,00 3115.00 10* 5.00
x956 do 00 00iA 21!�. 91
195 � 2, � ! 10�? 000
199 93/4 8# .00 2t s$5, . 10; 5.00
19 7 do $00m,000 2 3�. 4® 10* 30* 00
19, do 8 000*00 2s 1 #00 wi 145.00
1961 too 0 . 00 10 925. 00 11.125* 00
1"2 + 1% . 1, 650- I -V 50!00
do j "0* 1 75.00 * 3? * 0
1964 &t , 0=00 100* 00 1 100*
1,06 40 825. 10 825'.00
1 40 IMi 000 550000 05".00
1967 do E „+�. WA 2 r s0. �.
T $11*o*01040 S37961500 #.815.00
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