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PAG£ FIVE CITY of CAMDEN S. C CONDENSED STATEMENTS GENERAL FUND REVENUE .„<) EXPENDITURES Useal Year Ended April 30, 1948 'H^fand Penaltiee, N« Water and Lifirht Department: Cash Tranafers Water and Lights Furniahed 54,000.00 9,237.79 ouginess Licenses . p^ice Court Fines Leas, Remittances to S. C. Police Officer Association I'.iH'.oo c c Tax Commission Participations Parking Meter Receipts Less, Payments on Rental Purchase Contract 11,039.83 5,639.47 Rent Roceived Building Permits and Other Miscelf&neous Revenue \l REVENUE ENDITURES: Police Department: Salaries Other pire Department: Salaries Other 24,821.23 7,558.04 7,328.05 5,756.50 Health Department: Salaries Other ..A. 3,930.82 2,980.15 street Department: Salaries Labor Other 3,294.50 33,688.70 31,389.46 treet Lighting - lonations and Charities )ebt Service: Bonds Retired 12,000.00 ^ tereRt 12,258.75 leneral Salaries—City Officials 10,704.30 Other General and Administrative Expenses 11,872.96 Settlement of Gaskins Case LSOO^OO Equity in Airport • "... eisooioo L EXPENDITURES r . 8S of EXPENDITURES over REVENUE 68,082.78 63,237.79 19,231.16 8.123.50 19,930.42 5,400.36 1,250.00 1,293.31 186,549.32 32,379.27 13,084.55 6,910.97 68,272.66 9,729.76 8,459.48 24,258.75 30,877.26 193,972.70 7,423.38 MUNICIPAL UTILITIES Camden, South Carolina CONDENSED STATEMENT of REVENUE and EXPENSES REVENUE: Electricity Sales Water Sales Equipment Rental, Net Water and Electric Taps Other Income 207,243.78 45,057.70 3,965.79 6,690.54 899.78 TOTAL REVENUE LESS: DIRECT COSTS: Power Purchased .... 79,897.75 Electric System Maintenance 14,475.26 Electric System Operations 9,739.57 - Water System Maintenance 6,540.96 Water System Operations 27,251.43 Total Direct Costs TOTAL INCOME LESS: GENERAL and ADMINISTRATIVE EXPENSES: Executive and Office Salaries - Interest on Bonded Debt Depreciation Auto and Truck Expense Insurance Employee’s Retirement Insurance Sewer Operations ’ Sewer Maintenance Other General and Administrative Expenses Total General and Administrative Expenses PROFIT for YEAR 12,615.11 6,395.04 19,210.63 3,630.45 4,678.07 2,665.33 627.60 1,499.96 3,328.78 LESS: TRANSFERRED to CITY: Caah 54,000.00 Electricity Furnished 9,237.79 BALANCE CARRIED to SURPLUS 263,857.59 137,904.96 126,952.63 54,650.97 71,301.66 63,237.79 8,063.87 CITY OF CAMDEN, S. C. COMBINED BALANCE SHEET—ALL FUNDS April 30, 1948 ASSETS ASSETS—OTHER THAN FIXED: Cash on Hand Taxes Receivable, Less Reserve Other Receivables Due from Other Funds Investments Amount to be Provided for Retirement of Bonds TOTAL ASSETS—OTHER THAN FIXED ' 486,728.36 FIXED ASSETS, NET: Office Furniture and Fixtures Automotive Equipment .*. & LIABILITIES Accounts Payable Accrued Bond Interest Payable Service Deposits Accrued Withholding Tax, Employees Pensions and Retirements Due to Other Funds .' Tax Sales, Deposits ... Other Liabilities Bonds Payable : i : 669,000.00 TOTAL LIABILITIES 707,704.67 RESERVES Reserve for Redemption of Electtic Light System Bonds and Interest.. Reserve for Authorized Expenditures from Proceeds of Bond Issue .... Bond Cushion Fund Reserve TOTAL RESERVES BALANCES UNAPPROPRIATED SURPLUS (Deficit) TOTAL LIABILITIES, RESERVES and BALANCE Total , General Fund # Bond and Interest Redemption Fund General Bonded Debt and Sinking Fund Fireman's Fund- Utility Fund (Municipal Utilities) 1,1,63.39 108,440.92 . 8,620.03 20,553:98 3,367.88 8,640.73 3,340.00 332,601.43 1,098.67 59,463.34 8,620.03 1,803.30 5,960.55 10,976.99 2,650.80 14,619.19 29.38 750.00 332,601.43 1.563.24 2,590.00 64.72 21,818.16 20,553.98 1,564.58 ' 486,728.36 76,945.89 13,627.79 348,000.00 4,153.24 44.Q01 44 s 1,652.41 2,71§.31 234,246.38 303,274.84 67,265.25 1,652.41 2,719.31 234,245.38 303,274.84 67,255.25 609,147.19 609,147.19 1,095,875.55 76,945.89 13,627.79 348,000.00 4,153.24 668,148.68 7,145.21 10,000.00 4,510.23- 7,288.95 829.80 8,640.73 . 288.25 1.50 669,000.00 4,310.02 10,000.00 2,128.75 422.04 2,680.18 • 288.25 1.50 * / 1 \ 348,000.00 67.33 2,835.19 2,381.48 7,288.95 407.76 5,893.22 321,000.00 707,704.67 19,830.74 348,060.00 67.33 339,806.60 13,627.79 63,726.46 10,000.00 63,726.46 13,627.79 i • 10,000.00 87,354.25 63,726.46 13,627.79 10,000.00 300,816.63 * * <6,611.31)' 4,085.91 303,342.03 1,6^,875.65 76,945.89 V 18,627.79 348,000.00 4,183.24 653,148.63 i * Hononiile Ifatify Sikvafi, Jr., Mayor and the Commissioners City of Gtmden 'V ^ Camden, South Cardline \ ' ,r * Gentlemen:, .» ,* ■•,’w 'y We submit herewith Combined Balance Sheet and Condensed Ope rating Statements of the CITY of CAMDEN, for the fiscal yea* ended April 30, 1048. The City does not maintain a “General Fixed AsSet” firoub of aecotmts invented!by the ment other tnan Net Working Capital of the City at July 81, 1948, based oh infor- mation furnished by City Officiate is shown below: CURRENT ASSETS: A wikJptk • .fipb j. Cash <m Hand and in Banks 1947 Taxes Receivable — r 8. G. Tax (temwteteim Partfapeweni Current Water aad L^ht Accounts / Receivable . •• V ;• % ■tow -L-~ - .........J..62,521.20 5,289.26 .... 4,060.88 .^688.89 CURRENT LIABILITIES: Accounts Payable now due 14,370.78 ACC aunts Payable due September, 1948 1,170.00 Notes Payable due October, 1948 10,000.00 Term Bonds Called and Due upon Pteeemation 28,000.00 Serial Bonds due June 1, 1948 and not msented 1,000.00 Past due Interest Coupons 1,748.75 Serial Bonds and Bond Interest due September 1, 1948 10,881.87 . ' Committments and Contracts made in con nection With new Raw Water Line and Other Improvements 53,106.14 ^ -Total Current liabilities EXCESS of CURRENT LIABILITIES over CURRENT ASSETS 121, 26,321.81 H«o«W RAB:eac Respectfully submitted, . *" ROBERT A. BRUCE j 1 * Certified Public Accountant j.