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AUDITOR'S REPORT Municipal Electric Light and Water Works For Year Ending June 30th, 1916. Columbia, S. C., July 15, 1916. Commissioners of Public Works, Municipal Electric Light & Water Works, Union, South Carolina. Gentlemen: Pursa&tit to instructions, I have made an examination of the accounts, books and records of the Municipal Electric Light & Water Works, Union, S. C., for the year ended June 30, 1916, and submit my report herewith, consisting of the following Exhibits, Schedules and Comments. EXHIBIT "A" Financial Statement. EXHIBIT "B" Profit and Loss Account EXHIBIT "C" Surplus Account SCHEDULE "1" Accounts Receivable. SCHEDULE "2" Accounts Payable. SCHEDULE "3" Notes Payable. EXHIBIT "A" FINANCIAL STATEMENT. ASSETS $166,781.55. CURRENT?$8,859.01. The current assets consisted of Cash $23.56; Accounts Receivable $1,829.19; Bills Receivable $2,057.76; Hotel Union $70.00; Inventories of SuDnlies $4,878.50. FIXED?$'145,459.93. Fixed assets consisted of Plant $143,797.00; Tools $771.20; Team and Wagons $145.00, and Office Fixtures $746.73. The item of Plant?there was a balance to this account on July 1, 1915, of $120,124.82, to which has been added, covering improvements and extensions during the year? Water Extensions $ 8,318.71 Water Improvements 4,720.35 Electrical Improvements 7,768*84 Buffalo Extension 1,889.62 White Way 3,974.66 $26,672.18 Making a total of $146,797.00. I have charged off for depreciation $3,000.00, leaving the net Plant Account $143,797.00. CONTINGENT $12,129.02. This represents amounts charged against the City of Union for lights and water at the rate of $3,000.00 per year, for several years prior to July 1, 1915. Under instructions from the Superintendent, Mr. Easterling, I have made no charge against the City for lights and water for the past year. DEFERRED $333.59. This covers interest paid in advance $284.11, and Insurance $49.48. LIABILITIES $103,347.40. CURRENT $P2,108.28. This covers Accounts Payable $1,899.78, as shown in detail. Schedule No. 2, and Notes Payable $10,208.50, per Schedule No. 3. Dnvnvil ?01 OIO 1 ) Tu:? J*. D 1_ >- o/\/\ /\/\ i ma iicm itpicseius xiuiius uuiKiaiiuin^ $00,000.uu and Sinking Fund $439.12. EXHIBIT "B" PROFIT ANI) LOSS ACCOUNT. This Exhibit shows all debits and credits to Profit and Loss for the year ended June 30, 1916. The Net Profit for the year was $11,512.79, after charging against Profit and Loss $3,000.00 for depreciation on plant, which has been transferred to Surplus Account, Exhibit "C." No charge has been made for the past year against the City of Union for lights and water; for several years prior to July 1, 1915, $3,000.00 was charged against said City and Profit and Loss credited. If the usual charge had been made against the City for the past year, the net profit would have been $14,512.79 as against $9,548.56 year ended July 1, 1915, an increase of $4,964.23. The income for the year ended September 30, 1910, on account of lights , and power, amounted to $"11,514.86; for the year just closed $20,159.47, an increase of $8,644.61, or 75 per centum. In 1910. the rate was 15 cents per K. W. while it is now only 10 cents per K. W. It will be noted that the amount received for lights and power increased 75 per centum while the ; rate has been reduced 50 per centum. Water income year ended September 30, 1910, was $7,390.52, and for the year ended June 30, 1916, $11,388.88, an increase of $3,998.36 or 54'/r. This is an unusually good showing and one to be proud of. It certainly proves that Mr. Easterli'ng, Superintendent, and the Commissioners have done fine work in making the grand showing. EXHIBIT "C" SURPLUS ACCOUNT There was a balance to Surplus on July 1, 1915, of $51,921.36, to which has been added the net profit for the year, transferred from Profit and Loss Account, Exhibit "B", $11,512.79, making a Net Surplus of $63,434.15. SCHEDULE "1" shows all accounts receivable, in detail, as at June 30, 1916. $1,829.19. SCHEDULE "2" shows accounts payable, in detail, which amounted to the small sum of $1,899.78. SCHEDULE "3" shows notes payable, $'10,208.50. BOOKS AND RECORDS The books and records have been kent in excellent shane. This i? nlso proven by the fact that there is seldom a kick about bills. T have been in lots of Light and Water oflices, but in no case have I seen as few complaints as in Union. CONCLUSION. I found conditions generally satisfactory in every respect. Respect fullv submitted, C. L. VANN. Certified Public Accountant. EXHIBIT "A"?MUNICIPAL ELECTRIC LIGHT & WATER WORKS, UNION. S. C. FINANCIAL STATEMENT AS AT JUNE 30, 1916. ASSETS. CURRENT? Cash 2.'! 56 Accounts Receivable?Schedule "1" 1,829 19 Bills Receivable 2,057 76 Hotel Union * 70 00 INVENTORIES? Lamp Supplies 500 00 Plant Supplies 500 00 Supplies?General 3,728 50 Oil, Waste, Packing, etc. 150 00 4,878 50 8,859 01 FIVF.H? Plant - 14.*},797 00 Tools 771 20 Team and Wagons 145 00 Office Fixtures 740 73 145,459 93 CONTINGENT? City of Union 12,129 02 DEFERRED? Interest 284 11 Insurance 49 48 333 59 $100,781 55 LIABILITIES. CURRENT? Accounts Payable?Schedule "2" 1,899 78 Notes Payable?Schedule "3" 10,208 50 12,108 28 BONDED? Bonds Payable 90,800 00 Sinking Fund 439 12 91,239 12 103,347 40 SUPIM US Balance July 1, 1915 51,921 30 Add Net Profit for Year 11,512 79 03,434 15 $100,781 55 EXHIBIT "B?MUNICIPAL ELECTRIC LIGHT & WATER WORKS, UNION, S. C? PROFIT AND LOSS ACCOUNT FOR YEAR ENDED JUNE 30, 1910. Itflll'I'C Fuel . $ 8,033 12 Oil, Waste, Packing, etc. 688 80 Plant Supplies 874 ;> ') Lamp Renewals - 628 86 Salaries and Wages 6,024 07 Interest and Discount 687 26 I n urance 189 66 Stationery, Printing and Advertising 044 2S Express and Freight 12 41 Telephone and Telegraph 97 32 Traveling Expenses 29 00 Auditing 137 5U Rent Office 137 50 Injury to Person 20 00 White Way Prize 5 00 Had Accounts 85 00 Water Analysis 30 50 Chamber of Commerce 1 12 00 Sundries 118 26 Depreciation on Plant 3,000 00 $20,651 06 Net Profit for year transferred to Surj CREC Lights Water Power Supplies?General Premium on Bonds EXHIBIT "C"?SURPLUS I Balance July 1, 1915 Add Net Profit for year from Profit i count, Exhibit "B" SCHEDU Accounts Receivable June 30, 1916 Less Credits Total SCHEDULE "2"?ACCOUNTS Gulf Refining Co. General Electric Company Perry Mann Electric Co. National Meter Co. S. M. Rice Crane Co. SCHEDULE "3"?NOTES I Merchants & Planter* Bank Citizens National Bank General Electric Co. 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Following you will gains: Shave, guaranteed for two customer All neck shaves in the rej Face Massage, one of the in stock, all hand-made, wh Combination Hand and Ma< Hair Cutting, all sizes, at _ Our Celebrated Shampoos g A few Hair Singes left fro duced to All Hair Tonics guarantee* from Dandruff, at Everything in the W hiski faction guaranteed or Wh Sales begin daily at 7 a. i Saturday nights. 1 cj coin xirill n/\ntiri ha * w < * mn oait will ^um/iiiuc 1111 ducted by skilled Tonsorial No goods sent C. 0. !) Hot Paths reduced to 15< Don't forget the place back. THE CITY BA Near United States Postoi The Blue Froi 4 plus, Exhibit "C" 11,512 79 $32,163 85 ITS. $16,321 00 11,388 88 3,838 47 - 364 50 251 00 $32,163 85 VCCOUNT, JUNE 30, 1916. 51,921 36 and Loss Ac 11,512 79 $63,434 15 LE "1". - - $1,900 87 71 68 $1,829 19 } PAYABLE JUNE 30, 1916. ? __$ 97 90 1,047 22 642 90 - ? 94 00 7 80 - 9 96 $1,899 78 'AYABLE JUNE 30, 1916. 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We will entire stock of fine Toncost?until the same is ake Sale, as we are not ire trying to stay in busfind some Special Bardays, only one to each 10c ir Free. warmest articles we have die they last 15c chine Face Massage__25c 15c oing at 15c m our recent fire, re 15c :1 to cleanse the scalp 10c PI* linp r?nt in twn S?itii2_ iskers refunded. m. to 8 p. m.; 12 p. m. on lefinitely and will be conlists. ; you will want tp come RBER SHOP fice West Main Street nt Building | CANDIDATE CARPS | All Candidates Cards are $5.00 cash in advance. FOR SHERIFF. I hereby announce myself a candidate for election to the office of Sheriff for Union County and pledge myself to abide by the decision of the Democratic primary. Norris Leonard. I hereby announce myself as a candidate for the office of Sheriff of Union County, subject to the rules governing the Democratic primary. J. W. Sanders. I hereby announce myself a candidate for reelection to the office of Sheriff for Union County, and pledge myself to abide by the decision of the Democratic primary election. J. Hay Fant. FOR CLERK OF COURT. I hereby announce myself as a candidate for the office of Clerk of Court for Union County, subject to the rules governing the Democratic primary. If elected I promise to be found on the job and to rinder the most faithful service that is possible for me to do. R. C. Williams. I hereby announce myself a candidate for reelection to the office of Clerk of Court for Union County, and pledge myself to abide the result of the Democratic primary. I. Frank Peake. I hereby announce myself a candidate for the office of Clerk of Court and pledge myself to abide the decision of the primary election. Jas. G. Long, Jr. I hereby announce myself a candidate for Clerk of Court for Union Countv. and nlAdcrA mucolf oKUo by the decision of the Democratic primary. I have tried to serve faithfully in the office of Coroner for the four years I have been honored with that trust, and if elected Clerk of Court, I will give that office my very best service. Leslie B. Godshall. FOR CORONER. I hereby announce myself a candidate for election to the office of coroner for Union county and pledge myself to abide by the decision of the Democratic primary election.* E. D. Humphries. I hereby announce myself a candidate for election to the office of Coroner for Union County, and pledge myself to abide by the results of the Democratic primary election. W. D. Harris. I hereby announce myself as a candidate for Coroner of Union county and pledge myself to abide by the decision of the Democratic primary. Wm. C. Lake. I hereby announce myself as a candidate for Coroner for Union County, subject to the decision of the Democratic primary election. S. Ezell Gregory. I hereby announce myself a candidate for election to the office of Coroner for Union County and pledge myself to abide by the results of the Democratic primary election. O. K. Kirby. (Better known as Otto Kirby. Everyvnfn f f Ua *i A 1/ " ~^ MVUJ ?vvv ivi tiiC V/. IV. illdll) I hereby announce myself a candidate for the office of Coroner for Union County and pledge myself to abide the result of the Democratic primary. J. B. Estes. I hereby announce myself a candidate for Coroner for Union County, and pledge myself to abide the result of the Democratic primary. D. Lester Gault. FOR TOWNSHIP COMMISSIONER. I hereby announce myself as a candidate for Township Commissioner for Fish Dam Township, subject to the action of the Democratic primary rules. W. B. May. I hereby announce myself as a candidate for township commissioner of Bogansville township, subject to the decision of the Democratic primary. Victor E. Lawson. T hereby announce myself a candidate for reelection to the office of Township Commissioner for Union Township and pledge myself to abide by the decision of the Democratic primary W. R. Jolly. I hereby announce myself as a candidate for Township Commissioner from Jonesville Township, subject to the rules of the Democratic primary. W. H. Page. I hereby announce myself as a can didate for reelection to the office of Township Commissioner of Bogansville Township subject to the action of the Democratic primary. J. J. Davis. I hereby announce myself a candidate for reelection to the office of Magistrate for Goshen Hill Township, Union County. Arthur I^ee. I hereby announce myself a candidate for reelection to the pffice of Township Commissioner for Cross Keys Township, Union County, and pledge myself to abide the result of the Democratic primary. B. B. BetsilL I hereby announce myself a candidate for reelection to the office of Township Commissioner for Jonesville Township, subject to the decision of the Democratic primary. J. G. Bishop. I hereby announce myself a candidate for election to the office of Township Commissioner for Santuc Township, Union County, and pledge myself to abide the result of the Democratic primary. R. S. Harris. I hereby announce myself a candidate for election to the office of Magistrate for Jonesville Township, Union County, and pledge myself to abide the result of the Democratic primary. J. C. Mobley. I hereby announce myself a candidate for election to the office of Township Commissioner for Jonesville Township, and pledge myself to abide the result of the Democratic primary. J. M. Fowler. I hereby announce myself a candidate for election to the office of Township Commissioner for Pinckney Township, Union County, and pledge myself to abide the result of the Democratic primary. W. F. Farn I hereby announce myself a candidate for election to the office of township commissioner for Pinckney Township, Union County, and pledge myself to abide the result of the Democratic primary election. W. H. Barnes. I hereby announce myself a candidate for election to the office of Township Commissioner for Fish Dam Township, Union County, and pledge myself to abide the result of the Democratic primary. J. D. Fleming. I hereby announce myself a candidate for election to the office of Township Commissioner for < Jonesville Township, Union County, and pledge myself to abide the result of the Democratic primary. C. C. Fowler. I hereby announce myself a candidate for reelection to the office of Township Commissioner for Goshen Hill Township, Union County, and pledge myself to abide the result of the Democratic primary. J. C. Mobley. I hereby announce myself a candidate for Township Commissioner for Bogansville Township, and pledge myself to abide by the decision of the Democratic primary. Evant W. Tucker. I hereby announce myself a candidate for election to the office of Township Commissioner, Cross Keys Township, Union County, and pledge myself to abide the result of the Demo crtitic primary. Edd Stevens. ? I FOR SUPERINTENDENT OF EDUCATION. I am a candidate for the office of Superintendent of Education of Union County, subject to Democratic primary. Thomas H. Gore. I take this means of announcing my.'elf a candidate for the office of Superintendent of Education for Union County and pledge myself to abide by the result of the Democratic primary election. Jas. H. Hope. MAGISTRATE UNION TOWNSHIP. I hereby announce myself as a candidate for the office of Magistrate for Union Township and pledge myself to abide by the rules governing the decision of the Democratic primary for Smith f!nrn1inn A C I hereby announce myself a candidate for election to the office of Magistrate for Union Township, Union County, and pledge myself to abide by the decision of the Democratic primary. J. G. Long, Sr. I hereby announce myself a candidate for Magistrate of Jonesville Township subject to the action of the Democratic primary. Munro Whitlock. HOUSE OF REPRESENTATIVES. I hereby announce myself a candidate for election to the House of Representatives from Union County, and pledge myself to abide by the decision of the Democratic primary. Jno. K. Hamblin. FOR CONGRESS. I hereby announce myself as candidate for reelection to Congress from the Fourth Congressional Dis trict oi South Caroiina, subject to the rules of the Democratic primary. Sam J. Nicholls. , I hereby announce myself a candidate for election to Congress from the Fourth Congressional District, South Carolina, and pledge myself to abide the result of the Democratic primary. A. H. Miller. FOR SOLICITOR. I heieby announce myself a candidate for the office of Solicitor for the Seventh Judicial Circuit of South 1 -i-.i? i- -V:J. v^oiuuiia, uiiu |iicu^c m^sstrji iu UUlUt; the result of the Democratic primary. I. C. Blackwood. I hereby announce myself as candidate for reelection to the office of 'Solicitor of the Seventh Judicial Circuit of South Carolina, subject to the rules of the Democratic primary. ,. , A. E. Hill. Invigorating to the Pale and Sickly GRO\nB 8^ A^TjStLlfc'chi'l 1'rofiI(^dSUlcLt Malaria .nrkbct the Mood .and but MM oothe ajraUb. A true tonic. For adult* and children. SO*