Comprehensive Problem

Jennifer Chesley
Acct 2050
Date
GENERAL JOURNAL
Account Names
General Fund:
Estimated Revenues
Appropriations
Estimated Other Financing Uses
Budgetary Fund Balance
Estimated Revenues Ledger:
Property Taxes
Sales Tax
Interest and Penalties on Taxes
Licenses and Permits
Fines and Forfeits
Intergovernmental Revenue
Charges for Services
Miscellaneous Revenue
Appropriations Ledger:
General Government
Public Safety
Public Works
Health and Welfare
Culture and Recreation
Miscellaneous
Estimated Other Financing Uses Ledger:
Interfund Transfers Out
Debit
Credit
8,359,000
8,160,000
90,000
109,000
6,000,000
250,000
44,000
477,000
603,000
500,000
360,000
125,000
1,510,000
3,370,000
1,450,000
965,000
770,000
95,000
90,000
Date
1
2
3
4
6
7
8
9
10
11
General Fund GENERAL JOURNAL

Account Names
Cash
Tax Anticipation Notes Payable
Taxes Receivable - Current
Estimated Uncollectible Taxes - Current
Revenue
Revenue Ledger:
Property Taxes
Vouchers Payable
Cash
Encumbrances
Encumbrances Outstanding
Encumbrances Ledger:
General Government
Public Safety
Public Works
Health and Welfare
Miscellaneous
Cash
Taxes Receivable - Delinquent
Interest and Penalties Receivable
Cash
Revenue
Revenue Ledger:
Sales Tax
License and Permits
Fines and Forfeits
Due to Other Funds
Cash
Estimated Uncollectible Taxes - Delinquent
Estimated Uncollectible Interest and Penalties
Interest and Penalties Receivable on Taxes
Cash
Expenditures
Cash
Due to Federal Government
Due to State Government
Expenditures Ledger:
General Government
Public Safety
Public Works
Health and Welfare
Expenditures
General Government
Public Safety
Public Works
Health and Welfare
Encumbrances
Encumbrances Ledger:
General Government
Public Safety
Public Works
Health and Welfare
Debit
400,000
Credit
Date
1
400,000
6,200,000
2
186,000
6,014,000
Governmental Activities GENERAL JOURNAL

Account Names
Debit
Cash
400,000
6,200,000
General Revenues - Property Taxes
Credit
400,000
186,000
6,014,000
6,014,000
350,000
3
350,000
3,664,000
Vouchers Payable
Cash
350,000
350,000
4
3,664,000
394,900
1,143,000
915,420
663,600
461,080
86,000
438,860
5
418,000
20,860
2,285,500
2,285,500
251,000
468,000
605,000
500,000
351,000
110,500
13,000
6
13,000
26,000
7
26,000
1,300
1,300
5,964,000
8
5,964,000
4,199,100
9
3,241,600
869,400
88,100
1,135,066
2,047,942
497,464
263,538
255,090
321,000
10
321,000
86,343
157,363
37,842
20,047
19,405
3,628,800
11
3,628,800
392,060
1,128,600
907,620
663,600
452,000
Cash
438,860
Cash
2,285,500
General Revenue - Sales Tax
Program Revenues - General Government - License and Permits
Program Revenues - General Government - Fines and Forfeits
Program Revenues - Public Safety - Fines and Forfeits
Program Revenues - General Government - Operating Grants and Contribu
Program Revenues - General Government - Charges for Services
General Revenue - Miscellaneous
Internal Payables To Business-Type Activities
Cash
Cash
Expenses - General Government
Expenses - Public Safety
Expenses - Public Works
Expenses - Health and Welfare
Expenses - Culture and Recreation
Cash
418,000
20,860
251,000
468,000
285,000
320,000
500,000
351,000
110,500
13,000
13,000
26,000
26,000
1,300
1,300
5,964,000
5,964,000
1,135,066
2,047,942
497,464
263,538
255,090
3,241,600
869,400
88,100

86,343
157,363
37,842
20,047
19,405

Equipment
Voucher Payable
483,540
1,123,650
902,300
681,200
387,250
51,500
321,000
3,629,440
12
13
14
15
16
17
18
19
20
Miscellaneous
Expenditures
Vouchers Payable
Expenditures Journal:
General Government
Public Safety
Public Works
Health and Welfare
Miscellaneous
Cash
OFU - Interfund Transfer Out
Cash
Expenditures
Cash
Miscellaneous
Vouchers Payable
Cash
Expenditures - 2014
Due to Other Funds
Public Safety
General Government
Estimated uncollectible Interest and Penalties
Revenues
Revenue Ledger:
Interest and Penalties on Delinquent Taxes
Estimated Revenues
Appropriations
Estimated Revenues Ledger:
License and Permits
Appropriations Ledger:
General Government
Public Safety
Public Works
Appropriations
Budgetary Fund Balances
Estimated Revenues
Fund Balance - Unassigned
OFU - Interfund Transfers Out
Revenues
Expenditures
Fund Balance - Committed - Public Safety
Fund Balance - Assigned - General Government
Fund Balance - Assigned - Culture & Recreation
Fund Balance - Committed - Public Works
85,000
3,629,440
3,629,440
399,940
1,123,650
902,300
681,200
438,750
83,600
1,190,400
88,100
12
1,278,500
90,000

Cash
1,190,400
88,100
1,278,500
13
90,000
400,000
10,000
14
410,000
10,000
3,500,000
15
3,500,000
40,000
16
40,000
31,000
9,000
236,000
186,000
17
236,000
186,000
52,480
10,500
41,980
41,980
111,000
18
31,000
80,000
10,000
6,000
15,000
125,000
5,000
4,000
46,000
19
20
8,240,000
90,000
2,000
8,328,000
90,000
90,000
8,341,480
141,940
8,199,540
37,290
3,800
25,100
7,500
8,490

Expenses - Interest on Tax Anticipation Notes
Cash
Vouchers Payable
Cash
Internal Payables to Business-type Activities

General Revenue - Interest and Penalties on Delinquent Taxes
400,000
10,000
410,000
3,500,000
3,500,000
31,000
9,000
40,000
236,000
186,000
236,000
186,000
52,480
10,500
41,980
Cash
110,000
350,000
400,000
13,000
438,860
3,241,600
2,285,500
1,278,500
5,964,000
90,000
410,000
3,500,000
315,260
General Fund GENERAL LEDGER

6,200,000
5,964,000
236,000
Est. Uncollect. Tax- Current

186,000
186,000

470,000
418,000
236,000
26,000
Est. Uncollect. Tax- Delinquent

26,000
42,500
186,000
262,000
202,500
Interest & Pen Rec.

23,690
20,860
52,480
1,300
Est Uncoll Int & Pen

1,300
1,304
10,500
54,010
10,504
Vouchers Payable
350,000
394,000
3,500,000
3,629,440
Due to other Funds

13,000
13,000
40,000
Due to Federal Govt

1,190,400
869,400
321,000
173,440
40,000
Due to State Govt

88,100
88,100
Tax Anticipation Note Pay

400,000
400,000
FB - Assigned - C & Rec

7,500
7,500
FB - Assigned GG
30,560
25,100
FB - Committed - PS
3,800
15,200
FB - Committed PW
28,300
8,490
55,660
11,400
36,790
FB - Unassigned
37,290
78,826
90,000
141,940
Revenue
8,341,480
6,014,000
2,285,500
41,980
Encumbrances
3,664,000
3,628,800
93,476

90,000
90,000
Expenditures
4,199,100
8,199,540
321,000
3,629,440
10,000
40,000
Encumbrances/Expenditures/Appropriations
General Government
Encumbrances
Expenditures
Ref.
Debit
Credit
Open
Debits
Cum. Total
Budget
PO
394,900
394,900
Payroll
1,135,066 1,135,066
pay exp
86,343 1,221,409
(392,060)
786,960
VP
399,940 1,621,349
9,000 1,630,349
adj
Public Safety
Encumbrances
Expenditures
Ref.
Debit
Credit
Open
Debits
Cum. Total
Budget
PO
1,143,000
1,143,000
Payroll
2,047,942 2,047,942
pay exp
157,363 2,205,305
(1,128,600) 2,271,600
VP
1,123,650 3,328,955
31,000 3,359,955
adj
Public Works
Encumbrances
Expenditures
Ref.
Debit
Credit
Open
Debits
Cum. Total
Budget
PO
915,420
915,420
Payroll
497,464
497,464
pay exp
37,842
535,306
(907,620) 1,823,040
VP
902,300 1,437,606
adj
Health and Welfare
Encumbrances
Expenditures
Ref.
Debit
Credit
Open
Debits
Cum. Total
Budget
PO
663,600
663,600
Payroll
263,538
263,538
pay exp
20,047
283,585
(663,600) 1,327,200
VP
681,200
964,785
Encumbrances
Expenditures
Ref.
Debit
Credit
Open
Debits
Cum. Total
Budget
PO
461,080
461,080
Payroll
255,090
255,090
pay exp
19,405
274,495
(452,000)
913,080
VP
438,750
713,245
adj
Miscellaneous
Encumbrances
Expenditures
Ref.
Debit
Credit
Open
Debits
Cum. Total
Budget
PO
86,000
86,000
(85,000)
171,000
VP
83,600
83,600
int
10,000
93,600
Appropriations
Credit
Avail Bal
(1,510,000) (1,510,000)
(1,115,100)
19,966
106,309
(285,751)
114,189
123,189
(125,000)
(1,811)
Revenues Ledger
Property Taxes
Estimated
Ref
Revenues DR
Budget
6,000,000
Sales Tax
Appropriations
Credit
Avail Bal
(3,370,000) (3,370,000)
(2,227,000)
(179,058)
(21,695)
(1,150,295)
(26,645)
4,355
(5,000)
(645)
Appropriations
Credit
Avail Bal
(1,450,000) (1,450,000)
(534,580)
(37,116)
726
(906,894)
(4,594)
4,000
(594)
Appropriations
Credit
Avail Bal
(965,000)
(965,000)
(301,400)
(37,862)
(17,815)
(681,415)
(215)
Appropriations
Credit
Avail Bal
(770,000)
(770,000)
(308,920)
(53,830)
(34,425)
(486,425)
(47,675)
46,000
(1,675)
Appropriations
Credit
Avail Bal
(95,000)
(95,000)
(9,000)
(94,000)
(10,400)
(400)
Ref
Budget
Estimated
Revenues DR
250,000

111,000
109,000
2,000

Estimated
Ref
Revenues DR
Budget
477,000
adj
Fines and Forfeits

Estimated
Ref
Revenues DR
Budget
603,000
0
Est Other Finance Use
90,000
90,000
Encumbrances Outstand
3,628,800
3,664,000
Revenues Balance DR
CR
(CR)
603,000
605,000
(2,000)
Estimated
Revenues Balance DR
Revenues DR
CR
(CR)
Ref
Budget
500,000
500,000
500,000
0

Estimated
Revenues DR
Ref
Budget
360,000
Estimated
Revenues DR
Ref
Budget
125,000
adj
35,200
0
Account Name
Revenues Balance DR
CR
(CR)
477,000
468,000
9,000
10,000
(1,000)
Revenues Balance DR
CR
(CR)
360,000
351,000
9,000
6,000
3,000
35,200
0
Appropriations
8,240,000
8,160,000
80,000
Revenues Balance DR
CR
(CR)
250,000
251,000
(1,000)

Estimated
Revenues Balance DR
Revenues DR
CR
(CR)
Ref
Budget
44,000
44,000
41,980
2,020
adj
Revenues Balance DR
CR
(CR)
6,000,000
6,014,000
(14,000)
Estimated Revenues
8,359,000
31,000
8,328,000
0
Account Name
Revenues Balance DR
CR
(CR)
125,000
110,500
14,500
15,000
(500)
Governmental Activities GENERAL LEDGER

Cash
Tax Rec - Current
Estimated Uncoll - Current
1,090,000
350,000
6,200,000
5,964,000
186,000
186,000
400,000
13,000
236,000
438,860
3,241,600
2,285,500
1,278,500
5,964,000
410,000
3,500,000
1,385,260
0
0
Tax Rec - Delinquent
554,000
418,000
236,000
26,000
Est Uncoll - Delinquent

26,000
98,500
186,000
346,000
Land
1,100,000
258,500
Interest & Pen Receivable

31,290
20,860
52,480
1,300
1,100,000
Estimated Uncoll Int & Pen

1,300
2,064
10,500
61,610
11,264
Improv. Not building

9,000,000
Infrastructure
29,190,000
Building
9,300,000
9,000,000
29,190,000
9,300,000
Acc Dep - Improv

2,100,000
Acc Dep - Infrastructure

11,280,000
Accum Dep - Building

2,100,000
2,100,000
11,280,000
2,100,000
Equipment
7,600,000
51,500
Accum Dep - Equipment

3,664,000
7,651,500
3,664,000
Vouchers Payable
350,000
394,000
3,500,000
3,629,440
Accrued Int Pay on LTD

360,000
Internal Payable on BT Act.

13,000
13,000
40,000
173,440
360,000
40,000
Current Portion of LTD

600,000
6% Serial Bond Payable

11,400,000
Tax Anticipation Notes Pay

400,000
400,000
600,000
11,400,000
Due to Fed Govt

1,190,400
869,400
321,000
Due to State Govt

88,100
88,100
NP - Net Investment in CA
25,046,000
NP - Restricted for DS
654,840
NP - Unrestricted
152,886
25,046,000
654,840
152,886
General Revenue - Property

6,014,000
General Revenue - Sales T

251,000
PR - GG - License & Permits

468,000
6,014,000
251,000
468,000
PR - GG - Fines & Forfeits

285,000
PR - Public Safety - Fines &

320,000
PR - GG - Operating Grants
500,000
Account Name
285,000
320,000
PR - GG - Charges for Serv

351,000
General Rev - Misc.

110,500
351,000
110,500
Expense - PS
2,047,942
157,363
1,123,650
31,000
3,359,955
Expense - C & R
255,090
19,405
387,250
661,745
Expense - PW
497,464
37,842
902,300
1,437,606
Expense - Interest
10,000
10,000
500,000
Expense - GG
1,135,066
86,343
483,540
9,000
1,713,949
Expense - H & W
263,538
20,047
681,200
964,785
General Rev - Int & Penal
41,980
41,980
City of Bingham
Pre Closing Trial Balance
General Fund General Ledger, December 31, 2014
Account Name
Cash
Taxes Receivables - Delinquent
Estimated Uncollectible - Delinquent
Interest & Penalties Receivable
Estimated Uncollectible Interest & Penalties
Vouchers Payable
Due to Other Funds
Fund Balance Assigned
Fund Balance Committed PS
Fund Balance Committed PW
Fund Balance Unassigned
Encumbrances
Revenue
Estimated Revenue
Appropriations
Expenditures
Debit
315,260
262,000
54,010
35,200
8,328,000
8,199,540
2,000
90,000
$ 17,286,010
31, 2014
Credit
202,500
10,504
173,440
40,000
30,560
15,200
28,300
78,826
35,200
8,341,480
8,240,000
90,000
$ 17,286,010
City of Bingham
Post Closing Trial Balance
General Fund General Ledger, December 31, 2014
Account Name
Cash
Taxes Receivables - Delinquent
Estimated Uncollectible - Delinquent
Estimate Uncollectible Interest & Penalties
Vouchers Payable
Due to Other Funds
Fund Balance Assigned - General Government
Fund Balance Assigned - Culture & Recreation
Fund Balance Committed Public Safety
Fund Balance Committed Public Works
Fund Balance Unassigned
Encumbrances
Debit
315,260
262,000
54,010
35,200
$
666,470
31, 2014
Credit
202,500
10,504
173,440
40,000
55,660
7,500
11,400
36,790
93,476
35,200
666,470
Town of Bingham
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash
Less: Estimated Uncollectible Delinquent Taxes
Less: Estimated Uncollectible Interest and Penalties
Total Assets
Liabilities and Fund Balances
Liabilities:
Vouchers Payable
Due to Other Funds
Total Liabilities
Fund Balances:
Assigned - General Government
Assigned - Culture and Recreation
Committed - Public Safety
Committed - Public Works
Unassigned
Total Fund Balances
Total Liabilities and Fund Balances
262,000
202,500
54,010
10,504
55,660
7,500
11,400
36,790
93,476
315,260
59,500
43,506
418,266
173,440
40,000
213,440
$
$
204,826
418,266
Town of Bingham
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Year Ended December 31, 2014
Revenues:
Property Taxes
Interest and Penalties
Sales Taxes
Fines and Forfeits
Total Revenues
Expenditures:
General Government
Public Safety
Public Works
Health and Welfare
Miscellaneous
Total Expenditures
Excess of Revenues over Expenditures
Other Financing Sources (Uses)
Interfund Transfer In
Interfund Transfer Out
Total Other Financing Sources
Changes (Decrease) in Fund Balance
Fund Balance, January 1, 2014
Fund Balance, December 31, 2014
$ 6,014,000
41,980
251,000
468,000
605,000
500,000
351,000
110,500
1,630,349
3,359,955
1,437,606
964,785
713,245
93,600
0
(90,000)
n Fund Balances
$ 8,341,480
8,199,540
141,940
(90,000)
51,940
152,886
204,826
Town of Bingham
General Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget a
Budgeted Amounts
Original
Revenues:
Taxes:
Property Taxes
Sales Taxes
Total Taxes
Fines and Forfeits
Total Revenue
Expenditures and Encumbrances:
General Government
Public Safety
Public Works
Health and Welfare
Miscellaneous
Total Expenditures
Decrease in Other Financing Uses
Increase in Fund Balance for Year
Fund Balances January 1, 2014
Fund Balances December 31, 2014
Final
$ 6,000,000 $ 6,000,000
250,000
250,000
44,000
44,000
6,294,000
6,294,000
477,000
467,000
603,000
603,000
500,000
500,000
360,000
354,000
125,000
110,000
8,359,000
8,328,000
1,510,000
3,370,000
1,450,000
965,000
770,000
95,000
8,160,000
199,000
0
199,000
152,886
$
351,886 $
1,635,000
3,375,000
1,446,000
965,000
724,000
95,000
8,240,000
88,000
0
88,000
152,886
240,886
nd Balances - Budget and Actual

er 31, 2014
Actual Amounts
Budgetary Basis
Variance with
Final Budget
Over (Under)
6,014,000 $
251,000
41,980
6,306,980
468,000
605,000
500,000
351,000
110,500
8,341,480
14,000
1,000
(2,020)
12,980
1,000
2,000
0
(3,000)
500
13,480
1,630,349
3,359,955
1,437,606
964,785
713,245
93,600
8,199,540
141,940
(90,000)
51,940
152,886
204,826 $
(4,651)
(15,045)
(8,394)
(215)
(10,755)
(1,400)
(40,460)
53,940
(90,000)
(36,060)
0
(36,060)
Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
City Hall Annex Construction Fund GENERAL JOURNAL

Account Names
Debit
Cash
6,000,000
Other Financing Sources - Proceeds of Bonds
Short-Term Notes Receivable
3,000,000
Cash
Construction Expenditure
500,000
Vouchers Payable
Encumbrances
320,000
100,000
Vouchers Payable
75,000
Encumbrances
75,000
Vouchers Payable
4,000
Vouchers Payable
245,000
Encumbrances
260,000
Vouchers Payable
Encumbrances
4,000,000
Cash
3,011,250
Revenues
2,000,000
Encumbrances
2,000,000
Contract Payable
Contracts Payable
2,000,000
Cash
Contract Payable - Retained Percentage
Vouchers Payable
939,000
Cash
Encumbrances
685,000
2,000,000
Encumbrances
2,300,000
Contracts Payable
Contracts Payable - Retained Percentage
100,000
Contracts Payable
2,300,000
Cash
685,000
Encumbrances
681,500
Vouchers Payable
Vouchers Payable
681,500
Cash
90,750
Cash
Revenues
11,250
OFS - Proceeds of Bonds
6,000,000
Construction Expenditures
Fund Balance - Restricted
90,750
Credit
Date
1
6,000,000
2
3,000,000
3
500,000

Account Names
Debit
Cash
6,000,000
3% Bond Payable
3,000,000
Cash
Land
500,000
Vouchers Payable
Credit
6,000,000
3,000,000
500,000
4
320,000
5
100,000
6
75,000
Construction Work in Progress

Vouchers Payable
Vouchers Payable
100,000
100,000
75,000
75,000
75,000
7
4,000
8
245,000
Construction Works in Progress

Vouchers Payable
Vouchers Payable
4,000
4,000
260,000
260,000
260,000
9
4,000,000
10
11,250
3,000,000
11
2,000,000
Cash
General Revenue - Interest
Construction Payable
3,011,250
Contracts Payable
Cash
Contract Payable - Retained Percentage
Vouchers Payable
Cash
2,000,000

Contracts Payable
2,300,000

Contracts Payable
Cash
Equipment
Vouchers Payable
100,000
2,300,000
11,250
3,000,000
2,000,000
2,000,000
2,000,000
12
1,900,000
100,000
13
939,000
1,900,000
100,000
939,000
939,000
14
685,000
15
2,000,000
2,300,000
2,300,000
16
2,400,000
17
685,000
2,400,000
681,500
681,500
681,500
18
681,500
90,750
19
5,920,500
90,750
90,750
Vouchers Payable
Cash
Buildings
681,500
681,500
4,739,000
4,739,000
GENERAL LEDGER
Cash
6,000,000
3,000,000
3,011,250
1,900,000
939,000
2,400,000
681,500
90,750
0
Vouchers Payable
939,000
500,000
681,500
100,000
75,000
4,000
260,000
681,500
0
75,000
320,000
245,000
4,000,000
2,000,000
685,000
2,000,000
685,000
Contracts Payable
2,000,000
2,000,000
2,300,000
2,300,000
Contracts Payable - RP
100,000
100,000
11,250

6,000,000
6,000,000
Encumbrances
320,000
75,000
4,000,000
245,000
685,000
2,000,000
2,000,000
685,000
Short Term Notes Receivable

3,000,000
3,000,000
Revenue
11,250
0
500,000
5,920,500
100,000
75,000
4,000
260,000
2,300,000
2,000,000
681,500
0
90,750
90,750
0
Account Name
0
Account Name

Tax Rec - Current
6,200,000
5,964,000
186,000
186,000
236,000
0
Short-Term Note Rec.
3,000,000
3,000,000

554,000
418,000
236,000
26,000
Cash
1,090,000
400,000
438,860
2,285,500
5,964,000
6,000,000
3,011,250

26,000
98,500
186,000
350,000
13,000
3,241,600
1,278,500
410,000
3,500,000
3,000,000
1,900,000
939,000
2,400,000
681,500
1,476,010
0
346,000
Land
1,100,000
500,000
258,500

31,290
20,860
52,480
1,300
1,600,000

1,300
2,064
10,500
61,610
11,264

9,000,000
Infrastructure
29,190,000
9,000,000
29,190,000
Building
9,300,000
4,739,000
14,039,000
Acc Dep - Improv

2,100,000

11,280,000

2,100,000
2,100,000
11,280,000
2,100,000

3,664,000
Const Work in Progress

100,000
4,739,000
75,000
4,000
260,000
2,000,000
2,300,000
0
Equipment
7,600,000
51,500
681,500
8,333,000
3,664,000
Contracts Pay - Ret Perc

100,000
100,000
Contracts payable
2,000,000
2,000,000
2,300,000
2,300,000

360,000

13,000
13,000
40,000
360,000
40,000
0
Vouchers Payable
350,000
394,000
3,500,000
3,629,440
939,000
500,000
681,500
100,000
75,000
4,000
260,000
681,500

600,000

11,400,000

400,000
400,000
173,440
600,000
11,400,000
Due to Fed Govt

1,190,400
869,400
321,000
Due to State Govt

88,100
88,100
3% Bond Payable
3,000,000
6,000,000
25,046,000
654,840
NP - Unrestricted
152,886
25,046,000
654,840
152,886

6,014,000

251,000

468,000
6,014,000
251,000
468,000

285,000

320,000
500,000
285,000
320,000
500,000

351,000
General Rev - Misc.

110,500
351,000
110,500
Expense - PS
2,047,942
157,363
1,123,650
31,000
3,359,955
Expense - C & R
255,090
19,405
387,250
661,745
Expense - PW
497,464
37,842
902,300
1,437,606
Expense - Interest
10,000
10,000
Expense - GG
1,135,066
86,343
483,540
9,000
1,713,949
Expense - H & W
263,538
20,047
681,200
964,785
41,980
General Rev - Interest

11,250
41,980
11,250
City of Bingham
Pre-closing Trial Balance
City Hall Annex Construction Fund
December 31, 2014
Account Name
Cash
Vouchers Payable
Contracts Payable
Encumbrances
Revenue
Debit
90,750
0
5,920,500
$
6,011,250
Credit
0
0
0
0
11,250
6,000,000
6,011,250
City of Bingham
Post closing Trial Balance
December 31, 2014
Account Name
Cash
Vouchers Payable
Contracts Payable
Encumbrances
Revenue
Debit
0
0
Credit
0
0
0
0
0
0
0
Town of Bingham
Revenues:
Interest
Expenditures:
Construction
Excess of Expenditures over Revenues
Proceeds of Bonds
Interfund Transfer Out
$6,000,000
(90,750)
n Fund Balances
$11,250
5,920,500
(5,909,250)
5,909,250
0
0
$0
Date
1
3
4
5
7
8
9
10
11
12
13
14
Debt Service Fund GENERAL JOURNAL

Account Names
Estimated Revenues
Estimated OFS - Premium on Bonds
Estimated OFS - Interfund Transfer In
Appropriations
Revenues
Cash
OFS - Premium on Bonds
Short Term Investments
Cash
Expenditures - Interest Payment
Expenditures - Principal Payment
Cash
Cash
Cash
Cash
Revenues - Interest
Cash
Cash
OFS - Interfund Transfer In
Expenditures - Interest Payment
Cash
Cash
Revenue
Cash
Revenues - Investment Earnings
Debit
1,624,000
60,000
90,000
Credit
2
20,000
1,600,000
60,000
3
60,000
50,000
4
50,000
360,000
600,000
5
960,000
1,038,700
6
1,030,000
8,000
700
900,000
7
900,000
7,000
8
7,000
400,000
9
400,000
90,000
10
90,000
432,000
Credit

General Revenues - Sales Taxes - Restricted for Debt Service
Cash
Premium on Bond Payable
Cash
Accrued Interest Payable
Cash
Cash
Cash
Cash
General Revenues - Interest
Cash
Expense - Interest on LTD
Cash
1,620,000
200,000
1,600,000
60,000
60,000
50,000
50,000
360,000
600,000
960,000
1,038,700
1,030,000
8,000
700
900,000
900,000
7,000
7,000
400,000
400,000
430,173
1,827
432,000
432,000
529,815
11
520,000
9,000
815
70,000
20,000
12
70,000
20,000
1,200
120
1,080
90,750
Cash
529,815
520,000
9,000
815
70,000
20,000
70,000
20,000
1,200
120
1,080
13
90,750
90,750
90,750
8,000
14
8,000
15
Appropriations
Estimated Revenues
Estimated OFS - Premium on Bond
Revenue
Interest Revenue
OFS - Premium on Bond
Expenditures - Interest
Expenditures - Principal

Account Names
Debit
1,392,000
382,000
1,620,000
15
16
Date
1
1,392,000
472,750
16
1,624,000
60,000
180,750
1,600,000
16,080
60,000
180,750
792,000
600,000
464,830

8,000
General Revenues - Investment Earnings - Restricted for Debt Service
Expense - Interest on LTD
408,396
1,854
8,000
410,250
Cash
980,000
50,000
60,000
960,000
1,038,700
900,000
7,000
432,000
400,000
90,000
529,815
90,750
854,265
Short Term Investment
50,000
400,000
900,000
8,000
Debt Service GENERAL LEDGER

Taxes Rec - Current
1,620,000
1,030,000
520,000
70,000
Est Uncoll Current Taxes

20,000
20,000
0
0
Taxes Rec - Del
84,000
8,000
70,000
9,000
Est Uncoll Taxes - Del

56,000
20,000
76,000
558,000
137,000
interest & Penalties Rec
7,600
700
1,200
815
Est Uncollect int & Pen

760
120
880
Fund balance - Restricted
1,014,840
464,830
1,479,670
Est OFS Interfund Trans In
90,000
180,750
90,750
Revenue
1,600,000
1,600,000
7,285
Estimated Revenues
1,624,000
1,624,000
Est OFS - Premium

60,000
60,000
Appropriation
1,392,000
1,392,000

472,750
382,000
90,750
GENERAL LEDGER
OFS - Premium
60,000
60,000
Expenditures - Interest
360,000
792,000
432,000
Revenue Interest
16,080
7,000
1,080
8,000
OFS Transfers In
180,750
90,000
90,750
0
Expenditures - Principal
600,000
600,000

50,000
400,000
900,000
8,000
558,000

Tax Rec - Current
6,200,000
5,964,000
186,000
186,000
1,620,000
236,000
20,000
20,000
1,030,000
520,000
70,000
0

3,000,000
3,000,000

554,000
418,000
236,000
26,000
70,000
8,000
9,000

26,000
98,500
186,000
20,000
399,000
Land
1,100,000
500,000
350,000
13,000
3,241,600
1,278,500
410,000
3,500,000
3,000,000
1,900,000
939,000
2,400,000
681,500
50,000
960,000
900,000
432,000
278,500

31,290
20,860
52,480
1,300
1,200
700
815
1,600,000
Cash
1,090,000
400,000
438,860
2,285,500
5,964,000
6,000,000
3,011,250
60,000
1,038,700
7,000
400,000
529,815

1,300
2,064
10,500
120
61,295
1,169,525
11,384

9,000,000
Infrastructure
29,190,000
9,000,000
29,190,000
Building
9,300,000
4,739,000
14,039,000
Acc Dep - Improv

2,100,000

11,280,000

2,100,000
2,100,000
11,280,000
2,100,000

3,664,000
3,664,000

100,000
4,739,000
75,000
4,000
260,000
2,000,000
2,300,000
0
Contracts payable
2,000,000
2,000,000
2,300,000
2,300,000

360,000
360,000
410,250

13,000
13,000
40,000
410,250
40,000
0
Vouchers Payable
350,000
394,000
3,500,000
3,629,440
939,000
500,000
681,500
100,000
75,000
4,000
260,000
681,500

600,000
600,000

11,400,000

400,000
400,000
173,440
11,400,000
Due to Fed Govt

1,190,400
869,400
321,000
Due to State Govt

88,100
88,100
3% Bond Payable
3,000,000
Equipment
7,600,000
51,500
681,500
8,333,000

100,000
100,000
6,000,000
25,046,000
654,840
NP - Unrestricted
152,886
25,046,000
654,840
152,886

6,014,000

251,000

468,000
6,014,000
251,000
468,000

285,000

320,000
500,000
285,000
320,000
500,000

351,000
General Rev - Misc.

110,500
351,000
110,500
Expense - PS
2,047,942
157,363
1,123,650
31,000
3,359,955
Expense - PW
497,464
37,842
902,300
1,713,949
Expense - H & W
263,538
20,047
681,200
1,437,606
964,785
Expense - C & R
255,090
19,405
387,250
Expense - Interest
10,000
430,173
408,396
661,745
General Rev - Sale Tax - Rest DS
1,600,000
848,569
1,827
60,000
1,854
1,600,000
Expense - GG
1,135,066
86,343
483,540
9,000
56,319

41,980
1,080
43,060
Gen Rev - invest earn - rest DS
8,000
8,000

11,250
7,000
18,250
City of Bingham
Debt Service Fund
December 31, 2014
Account Name
Cash
Short-Term Investment
Estimated Revenues
Estimated OFS - Premium on Bond
Appropriations
Revenue
OFS - Premium on Bond
Expenditure - Interest
Expenditure - Principal
Interest Revenue
Debit
854,265
558,000
137,000
7,285
1,624,000
60,000
180,750
792,000
600,000
4,813,300
Credit
76,000
880
1,014,840
1,392,000
472,750
1,600,000
60,000
16,080
180,750
4,813,300
City of Bingham
Debt Service Fund
December 31, 2014
Account Name
Cash
Short-Term Investment
Debit
854,265
558,000
137,000
7,285
1,556,550
Credit
76,000
880
1,479,670
1,556,550
City of Bingham
Debt Service Fund
Statement of Fund Balances
For the Year Ending December 31, 2014
Assets
Cash
Less: Estimated Uncollectible Taxes -Delinquent
Less: Estimated Uncollectible Interest & Penalties
Total Assets
Fund Balances
Fund balance -Restricted - Debt Service
nces
r 31, 2014
$
$
137,000
(76,000)
7,285
(880)
854,265
558,000
61,000
6,405
1,479,670
$ 1,479,670
Town of Bingham
General Fund
Revenues:
Sales Taxes
Interest and Penalties
Investment Earnings
Total Revenues
Expenditures:
Interest Payment
Principal Payment
Total Expenditures
Premium on Bond
$ 1,600,000
8,080
8,000
792,000
600,000
180,750
60,000
n Fund Balances
$ 1,616,080
1,392,000
224,080
240,750
464,830
1,014,840
$ 1,479,670
Town of Bingham
Debt Service Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget a
Budgeted Amounts
Original
Revenues:
Taxes:
Property Taxes
Investment Earnings
Total Revenue
Expenditures:
Interest
Principal
Total Expenditures
Other Financing Sources
Premium on Bond
Increase in Other Financing Uses
Increase in Fund Balance for Year
Fund Balances January 1, 2014
Fund Balances December 31, 2014
Final
$ 1,600,000 $ 1,600,000
7,000
7,000
17,000
17,000
1,624,000
1,624,000
792,000
600,000
1,392,000
232,000
792,000
600,000
1,392,000
232,000
60,000
60,000
90,000
180,750
150,000
240,750
382,000
472,750
1,014,840
1,014,840
$ 1,396,840 $ 1,487,590
m
nd
und Balances - Budget and Actual
ber 31, 2014
Actual Amounts
Budgetary Basis
Variance with
Final Budget
Over (Under)
1,600,000
8,080
8,000
1,616,080
1,080
(9,000)
(7,920)
792,000
600,000
1,392,000
224,080
0
0
0
(7,920)
60,000
180,750
240,750
464,830
1,014,840
1,479,670 $
0
(7,920)
0
(7,920)
Date
1
2
4
5
6
9
10
11
12
13
14
15
16
17
Water Utility Fund GENERAL JOURNAL

Account Names
Cash
Customer Accounts Receivable
Due from Other Funds
Sale of Water
Cash
Construction in Progress
Inventory of Supplies
Vouchers Payable
Operations Expense
Maintenance Expense
Construction Expense
Cash
Operations Expense
Maintenance Expense
Interest on Long-Term Debt
Unamortized Bond Discount on Revenue Bond Payable
Cash
Contracts Payable
Cash
Utility Plant in Service
Construction in Progress
Customer Deposits
Accumulated Provision for Uncollectible Accounts
Cash
Cash - Restricted
Customer Deposits
Customer Deposits
Cash - Restricted
Cash - Restricted
Customer Deposits
Vouchers Payable
Cash
Operations Expense
Customer Deposits
Cash - Restricted
Cash
Depreciation Expense
Accumulated Depreciation - Utility Plant
Uncollectible Accounts
Unamortized Bond Discount on Revenue Bond Payable
Sale of Water
Net Position - Unrestricted
Operations Expense
Maintenance Expense
Debit
434,100
Credit
434,100
3,026,700
40,000
3,066,700
2,994,100
2,981,100
13,000
725,000
725,000
520,400
520,400
670,530
166,400
70,500
907,430
245,000
102,000
166,000
513,000
435,730
1,630
434,100
29,000
29,000
435,000
435,000
902,600
902,600
1,350
2,700
4,050
1,350
1,350
2,500
2,500
3,050
3,050
6,904
6,904
498,800
498,800
1,256
1,256
1,256
1,256
380,008
380,008
3,800
3,800
435,730
1,630
434,100
3,066,700
418,746
916,786
268,400
236,500

Net Position - Net Investment in Capital Assets
842,460
380,008
3,800
383,268
383,268
754,000
754,000
Cash
284,904
2,994,100
1,350
434,100
907,430
434,100
435,000
498,000
1,256
570,468
Water Utility Fund GENERAL LEDGER

Restricted Cash - Cust Dep
57,200
1,350
6,904
3,050
1,256
60,960
94,146
513,000
520,400
101,546
Customer AR
160,440
2,981,100
3,026,700
4,050
2,500
199,490
Due from other funds

13,000
13,000
40,000
Accum Pro. Uncollect

2,700
4,720
3,800
40,000
Utility plant in service

19,000,390
902,600
5,820
Acc. Dep - Water Utility Plant

4,011,278
380,008
19,902,990
4,391,286
Construction WIP
1,189,400
902,600
29,000
725,000
1,040,800
Vouchers Payable
498,000
72,420
520,400
Customer Deposits
1,350
57,200
2,500
6,904
3,050
1,256
Accrued Interest Pay

434,100
434,100
434,100
94,820
58,460
434,100
6% Revenue Bonds Pay

14,470,000
Unamortized bond discount

65,200
1,630
1,630
14,470,000
Net position - Unrestricted

754,000
41,250
418,746
383,268
61,940
GENERAL LEDGER
Sale of Water
3,066,700
3,066,700
Net Position - Net Investment

383,268
1,773,712
754,000
2,144,444
Operation Expense
670,530
916,786
245,000
1,256
89,264
Maintenance Expense
166,400
268,400
102,000
70,500
236,500
166,000
435,000
725,000
290,000
380,008
380,008
0
Interest on LTD
435,730
29,000
435,730
842,460
0
3,800
3,800
Town of Bingham
Water Utility Fund
December 31, 2014
Account Name
Cash
Restricted Cash - Customer Deposits
Utility Plant Service
Vouchers Payable
Customer Deposits
6% Revenue Bonds Payable
Unamortized bond Payable
Sale of Water
Operations Expense
Maintenance Expense
Interest on LTD
Debit
570,468
60,960
199,490
101,546
40,000
19,902,990
1,040,800
61,940
916,786
268,400
236,500
842,460
380,008
3,800
$ 24,626,148
Credit
5,820
4,391,286
94,820
58,460
434,100
14,470,000
1,773,712
41,250
3,066,700
290,000
$ 24,626,148
Town of Bingham
Water Utility Fund
December 31, 2014
Account Name
Cash
Restricted Cash - Customer Deposits
Utility Plant Service
Vouchers Payable
Customer Deposits
6% Revenue Bonds Payable
Unamortized bond Payable
Debit
570,468
60,960
199,490
101,546
40,000
19,902,990
1,040,800
61,940
$ 21,978,194
Credit
5,820
4,391,286
94,820
58,460
434,100
14,470,000
290,000
2,144,444
89,264
$ 21,978,194
City of Bingham
Water Utility Fund
Statement of Net Position
Assets
Current and Accrued Assets
Cash
Less: Accumulated provision for uncollectible accounts
Total current and accrued assets
Restricted Assets
Cash
Utility Plant
Less: Accumulated depreciation
Construction work in progress
Net utility plant
Total Assets
Liabilities
Current Liabilities
Vouchers Payable
Liabilities payable from restricted assets
Customer Deposits
Long-Term Liabilities
6% Revenue Bond Payable (net of unamortized discount of
$61,960)
Total liabilities
Net Position
Net investment in capital assets
Unrestricted
Total Net Position
tion
014
$
$
199,490
5,820
570,468
193,670
40,000
101,546
$
905,684
60,960
19,902,990
4,391,286
15,511,704
1,040,800
16,552,504
17,519,148
94,820
434,100
290,000
818,920
58,460
14,408,060
15,285,440
2,144,444
89,264
2,233,708
Town of Bingham
Water Utility Fund
Statement of Revenues, Expenditures, and Changes in Fund Net Position
Utility operating Revenue
Sale of water (net of $3800 for uncollectible accounts)
Operating Expenses
Operation Expense
Maintainance Expense
Total Operating Expense
Utility operating income
Nonoperating deductions:
Change in Net Position
d
hanges in Fund Net Position
er 31, 2014
$ 3,062,900
$
916,786
268,400
236,500
380,008
1,801,694
1,261,206
842,460
418,746
1,814,962
$ 2,233,708
Date
a
GENERAL JOURNAL
Account Names
Expense - General Government
Expense - Public Safety
Expense - Public Works
Expense - Health & Welfare
Expense - Culture and Recreation
Accumulated Depreciation - Improvements
Accumulated Depreciation - Infrastructure
Accumulated Depreciation - Buildings
Accumulated Depreciation - Equipment
3% Bond Payable
Current Portion of Long-Term Debt
General Revenue - Interest & Penalties
General Revenue - Sales Tax -Restricted for Debt Service
General Revenue - Investment earning -Restricted for Debt
Program Revenue - General Government - License & Permit
Program Revenue - General Government - Fines & Forfeits
Program Revenue - Public Safety - Fines & Forfeits
Program Revenue - General Government - Operating Grant
Program Revenue - General Government - Charges for Serv
Expense - Health and Welfare
Expense - Interest
Net Position - Restricted for Debt Service
Debit
640,000
1,280,000
480,000
320,000
320,000
Credit
180,000
580,000
460,000
1,820,000
600,000
500,000
1,100,000
6,014,000
251,000
43,060
18,250
1,600,000
8,000
110,500
468,000
285,000
320,000
500,000
351,000
2,057,799
2,353,949
4,639,955
1,917,606
1,284,785
981,745
848,569
2,468,000
2,468,000
414,280
414,280

50,000
400,000
900,000
8,000
558,000

Tax Rec - Current
6,200,000
5,964,000
186,000
186,000
1,620,000
236,000
20,000
20,000
1,030,000
520,000
70,000
0

3,000,000
3,000,000

554,000
418,000
236,000
26,000
70,000
8,000
9,000

26,000
98,500
186,000
20,000
399,000
Land
1,100,000
500,000
350,000
13,000
3,241,600
1,278,500
410,000
3,500,000
3,000,000
1,900,000
939,000
2,400,000
681,500
50,000
960,000
900,000
432,000
278,500

31,290
20,860
52,480
1,300
1,200
700
815
1,600,000
Cash
1,090,000
400,000
438,860
2,285,500
5,964,000
6,000,000
3,011,250
60,000
1,038,700
7,000
400,000
529,815

1,300
2,064
10,500
120
61,295
1,169,525
11,384

9,000,000
Infrastructure
29,190,000
9,000,000
29,190,000
Building
9,300,000
4,739,000
14,039,000
Acc Dep - Improv

2,100,000
180,000

11,280,000
580,000

2,100,000
460,000
2,280,000
11,860,000
2,560,000

3,664,000
1,820,000
5,484,000

100,000
4,739,000
75,000
4,000
260,000
2,000,000
2,300,000
0
Contracts payable
2,000,000
2,000,000
2,300,000
2,300,000

360,000
360,000
410,250

13,000
13,000
40,000
410,250
40,000
0
Vouchers Payable
350,000
394,000
3,500,000
3,629,440
939,000
500,000
681,500
100,000
75,000
4,000
260,000
681,500

600,000
600,000
1,100,000

600,000
11,400,000

400,000
400,000
173,440
1,100,000
10,800,000
Due to Fed Govt

1,190,400
869,400
321,000
Due to State Govt

88,100
88,100
3% Bond Payable
500,000
6,000,000
Equipment
7,600,000
51,500
681,500
8,333,000

100,000
100,000
5,500,000
2,468,000
25,046,000
654,840
414,280
NP - Unrestricted
2,057,799
152,886
414,280
2,468,000
22,578,000
1,069,120
148,807

6,014,000
6,014,000

251,000
251,000

468,000
468,000

285,000
285,000

320,000
320,000
500,000
500,000

351,000
351,000
General Rev - Misc.

110,500
110,500
Expense - GG
1,135,066
2,353,949
86,343
483,540
9,000
640,000
Expense - PS
2,047,942
4,639,955
157,363
1,123,650
31,000
1,280,000
Expense - PW
497,464
1,917,606
37,842
902,300
480,000
Expense - C & R
255,090
981,745
19,405
387,250
320,000
0
General Rev - Sale Tax - Rest DS
1,600,000
1,600,000
0
Expense - H & W
263,538
1,284,785
20,047
681,200
320,000
Expense - Interest
10,000
848,569
430,173
408,396
0
1,827
60,000
1,854
56,319

43,060
41,980
1,080
0
Gen Rev - invest earn - rest DS
8,000
8,000

18,250
11,250
7,000
Town of Bingham
Governmental Activities
December 31, 2014
Account Name
Cash
Tax Receivable - Delinquent
Land
Improvements Other than Buildings
Infrastructure
Building
Accumulated Depreciation - Building
Equipment
Vouchers Payable
Accrued Interest Payable on Long-Term Debt
Internal Payable on Business Type Activities
Current Portion of Long Term Debt
3% Bond Payable
General Revenue - Property Tax
General Revenue - Interest & Penalties
General Revenue - Sales Tax -Restricted for Debt Service
General Revenue - Investment earning -Restricted for Debt Service
Program Revenue - General Government - License & Permits
Program Revenue - General Government - Fines & Forfeits
Program Revenue - Public Safety - Fines & Forfeits
Program Revenue - General Government - Operating Grants
Program Revenue - General Government - Charges for Services

Expense - Health and Welfare
Expense - Interest
ce
es
Debit
1,169,525
558,000
399,000
Credit
278,500
61,295
11,384
1,600,000
9,000,000
2,280,000
29,190,000
11,860,000
14,039,000
2,560,000
8,333,000
5,484,000
173,440
410,250
40,000
1,100,000
10,800,000
5,500,000
56,319
25,046,000
654,840
152,886
6,014,000
251,000
43,060
18,250
1,600,000
8,000
110,500
468,000
285,000
320,000
500,000
351,000
2,353,949
4,639,955
1,917,606
1,284,785
981,745
848,569
76,376,429 $ 76,376,429
Town of Bingham
Governmental Activities
December 31, 2014
Account Name
Cash
Tax Receivable - Delinquent
Land
Improvements Other than Buildings
Infrastructure
Building
Accumulated Depreciation - Building
Equipment
Vouchers Payable
Accrued Interest Payable on Long-Term Debt
Internal Payable on Business Type Activities
Current Portion of Long Term Debt
3% Bond Payable
Debit
1,169,525
558,000
399,000
61,295
1,600,000
9,000,000
29,190,000
14,039,000
8,333,000
$ 64,349,820
Credit
278,500
11,384
2,280,000
11,860,000
2,560,000
5,484,000
173,440
410,250
40,000
1,100,000
10,800,000
5,500,000
56,319
22,578,000
1,069,120
148,807
$ 64,349,820
City of Bingham
December 31, 2014
Primary Government
Governmental
Activities
Assets
Cash
Receivables (net)
Investments
Capital Assets (net)
Total Assets
Liabilities
Vouchers payable and accrued liabilities
Internal Balances
Current Portion of Long-term Debt
Bonds payable
Total Liabilities
Net Position
Restricted for Debt Service
Unrestricted
Total net position
1,169,525
170,411
558,000
39,978,000
41,875,936
583,690
40,000
1,100,000
16,356,319
18,080,009
22,578,000
1,069,120
148,807
23,795,927
f Bingham
of Net Position
ber 31, 2014
Primary Government
Business-type
Activities
$
631,428 $
233,670
101,546
16,552,504
17,519,148
877,380
14,408,060
15,285,440
2,144,444
89,264
2,233,708 $
Total
1,800,953
404,081
558,000
56,530,504
59,395,084
1,461,070
40,000
1,100,000
30,764,379
33,365,449
24,722,444
1,069,120
238,071
26,029,635
Component
Units (None)
City o
Stateme
For the Year End
Program Reve
Functions/Program
Primary Government:
Governmental activities
General Government
Public Safety
Public Works
Health and Welfare
Interest
Total governmental activities
Business-type activities
Water
Total Primary government
Expenses
2,353,949
4,639,955
1,917,606
1,284,785
981,745
848,569
12,026,609
2,644,154
$ 14,670,763
Charges for
Services
1,104,000
320,000
1,424,000
3,062,900
4,486,900
General Revenues:
Taxes:
Property taxes levied for general purpo
Sales Tax
Sales Tax for debt service
Investment Earnings for debt service
Interest and Penalties on delinquent taxes
Interest
Miscellaneous
Total general revenues
Increase (decrease) in unrestricted net positio
Net Position, January 1, 2014
Net Position, December 31, 2014
City of Bingham
Statement of Activities
Program Revenues
Operating
Grants and
Contribution
Capital Grants
and
Contributions
500,000
500,000
Governmental
Activities
Primary Government
Business-type
Activities
(749,949)
(4,319,955)
(1,917,606)
(1,284,785)
(981,745)
(848,569)
(10,102,609)
$
500,000 $
ied for general purposes
for debt service

s on delinquent taxes
nrestricted net position
31, 2014
Net (Expenses) Revenues and Changes in Net Po
(10,102,609)
6,014,000
251,000
1,600,000
8,000
43,060
18,250
110,500
8,044,810
(2,057,799)
25,853,726
$ 23,795,927 $
418,746
418,746
0
418,746
1,814,962
2,233,708
nues and Changes in Net Position
Total
(749,949)
(4,319,955)
(1,917,606)
(1,284,785)
(981,745)
(848,569)
(10,102,609)
418,746
(9,683,863)
6,014,000
251,000
1,600,000
8,000
43,060
18,250
110,500
8,044,810
(1,639,053)
27,668,688
$ 26,029,635
Component
Units (none)
City of Bingham
Proprietary Funds
Assets
Current and Accrued Assets
Cash
Less: Accumulated provision for uncollectible accounts
Total current and accrued assets
Restricted Assets
Cash
Utility Plant
Less: Accumulated depreciation
Construction work in progress
Net utility plant
Total Assets
Liabilities
Current Liabilities
Vouchers Payable
Liabilities payable from restricted assets
Customer Deposits
Long-Term Liabilities
6% Revenue Bond Payable (net of unamortized discount of
$61,960)
Total liabilities
Net Position
Unrestricted
Total Net Position
ngham
y Funds
Net Position
er 31, 2014
$
$
199,490
5,820
570,468
193,670
40,000
101,546
$
905,684
60,960
19,902,990
4,391,286
15,511,704
1,040,800
16,552,504
17,519,148
94,820
434,100
290,000
818,920
58,460
14,408,060
15,285,440
2,144,444
89,264
2,233,708
Town of Bingham
Proprietary Funds
Statement of Revenues, Expenditures, and Changes in Fund Net Position
Utility operating Revenue
Sale of water (net of $3800 for uncollectible accounts)
Operating Expenses
Operation Expense
Maintenance Expense
Total Operating Expense
Utility operating income
Nonoperating deductions:
Change in Net Position
s
hanges in Fund Net Position
er 31, 2014
$ 3,062,900
$
916,786
268,400
236,500
380,008
1,801,694
1,261,206
842,460
418,746
1,814,962
$ 2,233,708

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Jennifer Chesley

General Fund GENERAL JOURNAL

Governmental Activities GENERAL JOURNAL

Expenses - General Government

Expenses - General Government

Due to Federal Government

Tax Anticipation Notes Payable

Taxes Receivable - Delinquent

General Fund GENERAL LEDGER

Est. Uncollect. Tax- Current

Taxes Receivable - Delinquent

Est. Uncollect. Tax- Delinquent

Interest & Pen Rec.

Est Uncoll Int & Pen

Due to other Funds

Due to Federal Govt

Due to State Govt

Tax Anticipation Note Pay

FB - Assigned - C & Rec

OFU - Interfund Transfer Out

Budgetary Fund Balance

Licenses and Permits

Fines and Forfeits

Charges for Services

Interest and Penalties on Taxes

Governmental Activities GENERAL LEDGER

Est Uncoll - Delinquent

Interest & Pen Receivable

Estimated Uncoll Int & Pen

Improv. Not building

Acc Dep - Improv

Acc Dep - Infrastructure

Accum Dep - Building

Accum Dep - Equipment

Accrued Int Pay on LTD

Internal Payable on BT Act.

Current Portion of LTD

6% Serial Bond Payable

Tax Anticipation Notes Pay

Due to Fed Govt

Due to State Govt

General Revenue - Property

General Revenue - Sales T

PR - GG - License & Permits

PR - GG - Fines & Forfeits

PR - Public Safety - Fines &

PR - GG - Charges for Serv

General Rev - Misc.

nd Balances - Budget and Actual

City Hall Annex Construction Fund GENERAL JOURNAL

Governmental Activities GENERAL JOURNAL

Construction Work in Progress

Construction Works in Progress

Construction Works in Progress

Contracts Payable - Retained Percentage

OFS - Proceeds of Bonds

Short Term Notes Receivable

Governmental Activities GENERAL LEDGER

Tax Rec - Delinquent

Est Uncoll - Delinquent

Interest & Pen Receivable

Estimated Uncoll Int & Pen