The Camden chronicle. (Camden, S.C.) 1888-1981, August 13, 1948, Image 1
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.