Newspaper Archive of
The Florala News
Florala , Alabama
Lyft
April 30, 1970     The Florala News
PAGE 4     (4 of 16 available)        PREVIOUS     NEXT      Full Size Image
 
PAGE 4     (4 of 16 available)        PREVIOUS     NEXT      Full Size Image
April 30, 1970
 

Newspaper Archive of The Florala News produced by SmallTownPapers, Inc.
Website © 2019. All content copyrighted. Copyright Information.     Terms Of Use.     Request Content Removal.




USE SUBJECT TO LICENSE AGREEMENT• REPRODUCTION, DISSEMINATION, STORAGE, DISTRIBUTION PROHIBITED• PAGE 4 THE FLORALA NEWS- THURSDAY, APRIL 30, 1970 ASSETS: CASH: General Fund ......................... 10,797,98 Road & Bridge District #1 .................7,932.38 Road & Bridge District #2 .................... 812.00 Road & Bridge District #3 .................24,285.09 Road & Bridge District #4 .................... 504.61 Road & Bridge Shop Fund ...................3,176.29 Payroll Fund ........................... 6,030.07 Gasoline Tax Warrant Fund .................. 7,113.76 I~bllc Highway & Traffic Fund ............... 32,459.91 Bond Retirement Fund ..................... 45,714.92 Luxury 'lax Fund ..........................2,462.94 Fund ................................. 806.69 Conti~M Fund ............................ 388.27 Total Cash ........................... 5% CERTIFICATE OF DEPOSTY: General Fund ........................... 80,000.00 Gasoline Tax Warrant Funds ................. Total Certificate of Deposit ............... Total Assets ........................ LIABILITIES: INTERF~T BEARING INDEBTEDNESS: 2-3/4% Road & Bridge Warrants ............ 35,000.00 Due $15,000.00 on 8-1-70 Due $20,000.00 on 8-1-71 Interest due semi-annuaily on Feb. 1st & Aug. 1st. 3-1/4% ~I/ne Tax Warrants ............. 100,000.00 Due $50,000.00 each Sept. 1st 1970-1971 Interest due seml-annuatly on Mar. 1st & Sept. 1st. 4% Gasoline Tax Warrants ................70,000.00 Due $29,000.00 each Aug. 1, 1970-1971 Due $18,000.00 Aug. 1, 1972 Interest semi-annually on Feb. 1st & Aug. 1st. 4% C, asollne Tax Warrants ................. 7,500.00 Due $7,500.00 on Nov. lst~, 1970 Interest semi-~ oa May 10t & Nov. ISt. 4-1/2% Gssollne Tax Warrants ............... 5,000.00 Due $5,000.00 on May 1, 1970 Interest semi-annually May 1st & Nov. 1st. 4-1/2% Gasoline Tax Warrants .............. 126,000.00 Due $25,000.00 Aug. 15, 1970 Due $10,000.00 Aug. 15, 1971 142,484.00 170,000.01 312,484.01 Due $15,000.00 Aug. 15, 1972 Due $30,000.00 Aug. 15, 1973 Due $15,000.00 Aug. 15, 1974 Due $20,000.00 Aug. 15, 1975 Due $10,000.00 Aug. 15, 1976 Interest semi-annually on Feb. 15th & Aug. 15th. 4-1/2% Gasollue Tax warrants ............... 70,OO0.0O Due $10,000.00 Oct. 1, 1970 Due $ 5,000.00 Oct. 1, 1971 Due $20,000.00 Oct. 1, 1972 $15,000.00 Oct. 1, 1973 Due $20,000.00 Oct. 1, 1974 Interest semi-annually Apr. 1st & Oct. 1st. 5-3/4% Gasoline Tax Warrants ............... 29,000.00 $5,000.00 each June 15, 1970-1971 Due $16,000.00 on June 15, 1972 Interest semi-annuaily on June 15th & Dec. 15th. 5-3/4% Gasollue Tax Warrants ............... 1,500.00 Due July 1, 1970 Interest semt-annuslly on Jan. Ist & July Ist. 5-3/4% Gasoline Tax Warrants ............... 12,500.00 Due $4,000.00 on each Aug. 15, 1970-1971 Due $4,500.00 on Aug. 15, 1972 Interest semi-annually on Feb. 15th & Aug. 15UL 4% Gasoline TSX Warrants ................. 16,000.00 Due $4,000.00 each AUg. 30, 1970-1971 Due $8,000.00 Aug. 30, 1972 Interest seml-annually on Mar. 2rid & A~g. 30th. 4-1/2% Gasoline ~ Warrants .............. 9,000.00 Due $3,000.00 each Oct. 15, 1970-1972 Interest semi-annually April 15th & Oct. 15th. 4-1/2% Gasoline Tax Warrants ............. ,36,000.00 Due $12,000.00 July 1, 1970 ---~ Due $18,000.00 July 1, 1971 Due $6,000.00 Jttly 1, 1972 Interest semi-annually on Jan. Ist & July Ist. Total Interest bearing indebtedness ......... ACC(XTNTS PAYABLE: Genera/ Fm,d ...... ................... 8,758.17 Road &Bridge Funds ..................... 22,352.79 I~Hc Highway &'I~ Fund ................ 3,132.68 Total Accounts Pay~le ................. ACCRUED TAX PAYABLE: i General Fund ......................... 1,459.88 Road & Bridge Funds ..................... 9,193.42 PubUc Highway & Traffic Fund ................. 554.64 Luxury Ts, F.nd ......................... 46.42 Total Accrued ~ Payable ............... Total Liabilities ..................... 513,500.00 34,243.64 11,261.36 559,0(O.00 GA REVENUE: Gssol/ne Tag" Totsl Add Tots1 Less Less Totai EXPENSE: L PUBLIC HIGHWAY AND TRAFFIC FUND REVENUE: REVENUE: LUXURY TAX FUNO Gasoline Tax ........................ 7,000.00 Motor Vehicle License ................... 52,524.40 Drivers License ........................ 847.95 Total Revenue ...................... 60,372.35 Add Surplus 10-1-69 ................... 6,769.26 Total Funds Availeble .................67,141.61 Less Surplus 3-31-70 .................. 28,772.59 Total Funds Expended ................. 38,369.02 EXPENSE: Labor ..... , .., . .., ............. 22,799.6? Gss & OU .......• i ............. ...... 1,7"/5.82 Machinery Repair .................. .... 6~958.39 Material & Supplies ...................... 3,052.22 Tlres & Tubes ........................ 1,111.63 Social Security & Retirement ................ 2,671.39 Sales Tax .......................... 2,441.40 Total Revenue ...................... 2,441.40 Add Transfers from other Funds ........... Total Revenue & Transfers .............. 13,441.40 Add Surplus 10-1-69 .................... 239.28 Total Funds Available .................13,680.68 Less Surplus 3-31-70 .................. Total Funds ~ ................. 11,261.16 EXPEIk~E: County Health I~nt ................. 11,261.16 Total Expense ...................... REVENUE: M Valorem ,~ ~ Total !~ss Total Add Total Less Total F~ EXPENSE: Interest on Tot~ Expense. ..................... OPERATING STATEMENT ROAD & BRIDGE DISTRICT #I ROAD AND BRIDGE DISTRICT #2 ROAD REVENUE: C, asollne Tax ........................ 48,562.63 Total Revenue ...................... 48,562.63 Add Surplus 10-1-69 .................. 12,267.99 Total Funds Available .................60,930.62 Less Surplus 3-31-70 ..................4,118.06 Total Funds Expended for Period ........... 56,812.56 REVENUE: C, asoKne Tax ......... .48,294.33 Total Revenue ...................... 48,294.33 Add Transfers from other Funds ............. 1,500.00 Total Revenue & Tran~ers ............... 47,794.33 Add Surplus 10-1-69 ................... 12,603.73 Total Ftu~s AVaJluble .................. 60,398.06 Less Surplus 2-31-70 ('Plus) ............... 6,616.96 REVENUE: e' Gasoline ~' Tot~ Add TotS/ Less Total F~J$ EXPENSE: