Hope Star from Hope, Arkansas on April 1, 1968 · Page 9
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April 1, 1968

Hope Star from Hope, Arkansas · Page 9

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Hope, Arkansas
Issue Date:
Monday, April 1, 1968
Page:
Page 9
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, April 1,1988 Asks for Meet Johnson %EW YORK (Ap)-sen. Rob- jvt F. Kennedy, D-N.Y,, said today he has asked President Johnson for a meeting soon in tfte light of the chief executive's January 8, 1968 Balance at January Receipts: Federal grant Taxes and lie Hope Water an Health depart Parking meter Rents Swimming pool Fines Sewer receipts City inspecti Sale of cemet Miscellaneous Sale of used Street depart Street improv Special elect Dog pound Airport revenue Disbursements: Expenses: Administrative Street departm Police departm Fire departmen City parks and Health departir Sewer construe Sewer bond deb Sewer departme Parking meters Cemetery Community Inspect ion Airport Civil defense W;3ter and 1 Decrease in deduct ions increase in increase (de recftivab les Balance at HOK (MHQ STAR, ! withdrawal from the presides York said he had dispatched his views and ideas of what we f tial race. telegram asking for a meeting need to do in our country, Ken- In his first comment since with the President shortly John- nedy went on. ,....,, Sunday night's announcement son's withdrawal announcement Kennedy, propelled into tne by Johnson, Kennedy said 'he Sunday night. forefront of the race for the had praised the President for "I will continue my campaign Democratic presidential nonu- "subordinating self to country " for the presidency of the United nation less than three weeks aft- Kennedy told a crowded news States," Kennedy said in con- er his entry, returned Sunday conference that "I everently eluding his news conference night from an extended cam- hope," Johnson's new move for statement. oaign trip in the west, peace in Vietnam will succeed. "I'm going to the American Cllba lies only 90 miles from The junior senator from New People as I have and present my the continental United States. P EAT, M A R w r c K , M r TC if K L L & C o . CERTIFIED PUBLIC ACCOUNTANTS ELEVENTH FLOOK TOWER BUILDING LITTLE ROCK, AHKANSAS ?2SO1 ectors •kansas: re examined the following financial statements of the City of is of December 31, 1967 and for the year then ended: led Receipts and Disbursements il Fund Receipts and Disbursements \ Department Fund Receipts and Disbursements *t Fund Receipts and Disbursements :• Fund Receipts and Disbursements Revenue Bond Fund Receipts and Disbursements Construction Fund Receipts and Disbursements Revenue Bond Fund Balance Sheet jn's Pension Fund Receipts and Disbursements <a.mination was made in accordance with generally accepted auditing accordingly included such tests of the accounting records and ting procedures as we considered necessary in the circumstances. r opinion, the above mentioned statements present fairly the f the City of Hope, Arkansas at December 31, 1967 and the results cash transactions for the year then ended, on a basis con- at of the preceding year. The current year's supplementary n Schedules 1-10 have been subjected to the same auditing pro- our opinion, are stated fairly in all material respects when onjunction with the basic financial statements taken as a whole. Q^Jt / ^\M^^ / TTI^t&t^u t-(L . City Of Hope, Arkansas Combined Receipts and Disbursements Year ended December 31, 1967 with comparative figures for 1966 1 Increase 1967 1966 (decrease) rv 1 $ 60,917.13 72,528.26 (11,611.13) 121,700.00 - 121,700.00 enses 186,068.06 164,965.94 21,102.12 d Light Plant 133,583.32 90,187.00 43,396.32 ment fees 45,414.15 45,121.35 292.80 fees 19,577.40 20,889.81 (1,312.41) 1,151.00 890.00 261.00 and parks 2,432.93 2,219.85 213.08 49,840.25 43,715.50 6,124.75 s 39,540.70 39,252.24 288.46 on fees 462.50 883.50 (421.00) ery lots 350.00 155.00 195.00 2,991.98 2,627.20 364.78 equipment and timber 1,702.00 1,419.40 282.60 ment service 22,210.56 11,947.23 10,263.33 ement districts 1,597.16 1,067.25 529.91 ion reimbursement - 1,153.17 (1,153.17) 328.34 - 328.34 UP 9.000.00 8,500.00 500.00 receipts 637,950.35 434,994.44 202.955.91 to account for 698,867.48 507.522.70 191.344.78 ive 25,031.53 21,245.11 3,786.42 rtment 192,476.67 145,541.53 46,935.14 rtment . 91,404.88 77,299.30 14,105.58 ment 45,488.91 44,968.78 520.13 and recreation 34,971.12 32,586.28 2,384.84 rtment 74,280.50 64,740.65 9,539.85 ruction 119,269.17 - 119,269.17 debt service 20,473.55 19,927.50 546.05 ' -tment 17,829.23 17,237.52 591.71 ers 9,747.48 11,305.14 (1,557.66) 5,156.85 4,116.81 1,040.04 - en ter 1,131.00 1,105.47 25.53 1,565.34 1,676.97 (111.63) 11,057.10 2,605.54 8,451.56 m , - 350.00 (350.00) lights - 180.71 (180.71) unremitted payroll s $ 90.27 1,302.12 (1,211.85) inventories 1,062.95 426.57 636.38 e crease) in other co 953.58 (10.43) 964.01 1 " Jdi3bl ,rcpm,.nt8 651.990.13 446,605.57 205,384.56 rjfftirfi^tta* IIMIBIIM ^ HMIIMIMHMHB ^ Hope Municipal Water & Light Plant JJ1I • ",.'...•„» .•/•*< rU . . - t *, i . ' Statement of Earnings Year ended December 31, 1967 with comparative.Jigufes for 1966 1367 i£M 1 ""Tile, billings **WS I'JS'lS r - nnn Mll-fnrti irMrrl ,8,582^13 ,..„. n O f ,OOO_.a^ Gross billings added ;AV VA 6rtfl -*<5A 16 Total service billings 955,397.54 908,398,16 rmWMrm inrf cH-tributinn fTiM ' 552. 7.90., 88 5l7 f 95L,41 : Production ana aiscriDULa-uu cuoua ,,, . ,..».*. ... . .— .. Gross profit 402,606,66 390,446.69 ranor-,1 mrl 1 Ami ni - 1 ra t i ve p^nrmp s 66,0,6,0.90 63.184,14 Geneial and administrative expenses V7V 41 i->£ AA-) $$ nnpr-itinc nrofit- 336,5 | 45.,.J6 326,662 ...5.5. ° the penalti" : - ,'' 1,346,00,' PoTe 1 ^ (net of payments) 2,901.00 2,892.00 Service charges 2> oco'^ i'in/ art Miscellaneous 858.27 1,604.98 St'incomc "• K U.ISiS Intoioot income 2 l!o82.02 21.609.23 357,627.78 '348.271.78 Other deductions: Loss on sale of fixed assets "7,71 - . Bad debts (note 6) 16 'I^'?o I'vlii interest expense 7,669.49 6 »577.76 rnrh rhnrt 117.73 217.62 CdbU SUU1 24.772.79 8.373.22 . mj*^ m^M Hope Municipal Water & Light Plant Balance Sheet December 31, 1967 with comparative figures for 1966 Assets 1967 1966 Utility plant: 'I Property, plant and equipment, at cost ? 3,349,394.69 3,234,002,64 1 , T, PSR allnwanrp fnr depreciation 1,613,372.13 1,534,670.54 &£*«.. -«i^,^ .. ,Np > «"''«*»-t i W''I'tey- plant ..»-^-€T«' ^ncm ortT -.tre-! '-l!f,7'36f022T-.-,56Tirt<vl,TS99 p332r> I'QfjmKr -' •'' *•• • \ ','. • ,. - r" Current assets: Cash on hand and in banks 193,248.20 305,143.58 Certificates of deposit . 300,000.00 300,000.00 Accounts receivable 95,003.81 86,174.29 Accrued interest receivable 1,704.00 1,604.00 Inventory of supplies, at cost 84,842.46 80,040.60 Propa-jrl insnranrp 1,593.95 1,738.55 Tnt-fll rnrrpnc assets • 676.3.92.42 774,701.02 Appropriated funds: Rn n H c=in^ina fnnri rash (note 5) 175,522.13 149,077.16 Other assets: Stock in Hempstead County Industrial Foundation, Inc., at cost 1,000.00 .1,000.00 Notes receivable (notes 1 and 6) 6,800.00 14,500.00 Land 17,231.83 17,217.25 IHope Industrial Area site 1,182.67 1,212.67 Water project (note 2) 239,706.28 22,876.00 nt-hpr 828.09 266.748.87 56,805.92 Deferred charges: Hnam^rH^pd hnnd discount 12,292.21 13,217.41 Liabilities and Equity 196J7 1966 Fixed indebtedness: Uqt-Pr anrf plectric revenue bonds Cnote 5) § 219,000.00 233,500.00 Current liabilities; Accounts payable: Trade 11,526.33 24,582,62 Sales tax 2,043.85 2,350,96 Employees' deductions 2,917,20 2,229.87 City of Hope 8,139.43 7,872.14 Reserve for power purchased not billed (note 3) 16,469,63 14,958.58 1 Accrued salary, payroll taxes and retirement fund 1,645,67 4,325.85 Arcrued interest 1,463.13 773.91 Total current liabilities 44,205.24 57,093.93 M^tPi- HpnnRits 61 r 407.00 58,818.00 Equirv nf Citv of Hope 2 j ;' : 2 , 365 . 95 2,343,721.68 Contingent liability Inote -*) i i .

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