HomeMy WebLinkAbout1967 08 07 Regular
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Report of the
Finance Oommittee Chairman
Village ot North Orlando
August 8, 1967
Sourc e*
. Village records, including reports. journals, and ledgers
of the Village kept by Robert L. Iramer ,Accountant.
At the conclusion ot twelve months t operations ending June
30, 1967, I am pleased to report that the Village of North
Orlando has experienced a successful year.
See Exhibit #1, Operating Revenue tor the years 1965, 1966.
and 1967. (These figure. do not represent any revenue or
expenses ot the Road and Bridge Fund) .
See Exhibit 112, Operating Expenses tor the years 1965, 1966.
and 1967. (These tigures do not represent any revenue or
expenses of the Road and Bridge Fund)
See end of year report from Robert 1,. Kr::lloer. Accountant
,- 1612 East Colonial Drive, Orlando, Fla.
See Check Book and other records kept by Mrs. Floyd Green,
Oity Clerk, q~la.a'lr Borth Orlanda.
While expenses of operating the Village have increased 4.~
oyer 1966 and 62~ over 1965 the revenue haa increased 6~
over 1966 and 13 .6~ over 1965.
The attached exhibits show that the total operating revenue
for the 1966 year was down .907.35 from the preeeeding
year the expenses were up $3,193.16. Subsequently the Utility
Tax was 1ncreased. This coupled with an increase in the
number.ot tamilies living within the V111age. has put the ria-
ances of the Village back on a sound basis W1thout the
necessity ot curtailing any ot the serxices to the residents.
The Horth Orlando Co. has donated to the Village the tract ot
land being use4 as the recreation are., .alued on the boeks
at 115,260.00, and two cash gifts ot $401.47 and $415.19.
tor the Building Pund. This is being held in a separate
account for that purpose. Other items owned by the Citi-
zens ot the Village are a used Ford tractor boGght August
6. 1965 tor $1,095.00, a used road grader bought October
17, 1966 tor .500.00i and a new Police Car bought February
4, 1967, for $2,690. 5.
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The Balance Sheet d.a~ed June )0, 1967 show8 a total Una"p.
ropriated Surplus ot '27,023.~ and total Liabilities on
tha~ date ot '2,~S.19. the Assets to Liabi.lties ratio
is ll.0S to 1.
For the tiscal year the operating reyenue exceeded the
operating .xpens.s by '1,5)1.0). w. spent .ilh~y tiye cents
ot ....ery dollar w. took 1D.
It is my rec~endation tbat Village of Borth Orlando is in
a p08ition financially to continue to operate tor the coming
y.ar within the preaent Tax Structure. I also recommend ~at
th. COWlol1 bonoI' it'. commitment to its cltisens toward the
Buildin~ Fund. It i8 my recommendation that One thousand
Dollars b. tranal erred. at this t1ll. tr_ the Bank--General
'unci to t.he Bank-iuildilll Fund to accUlllla~. intereat.
I further recommead tha~ the bookk.eper prepair schedules
ot d.preciation for the fixed a'38et8 and be in8truet~d to
8e~ up proner res,,".. to pay tor ~h@8e it.. ~s they wear
out.
I ~uld like to thank the Citizen~ tor continued interest
~ in the Village finances, the Council for their canable lead-
ership and guidance, and the emp10yeea tor their loyalty,
dedication, and skill-..ll of which make it ~os.ible for
U8 to continue to prOYide modem effective gcwernment in
this rapidly growins part of O..tral 'lorid.
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EXHIEI' ijl
TOTAL OPERATING REVENUE
TOTAL OPEItATING EXPENSES
196,
1,109.25
430.00
2,786.62
3,844.60
1,333.27
50.00
~~9,553. 74
EXHIBIT #1,
9, 553.7n
,,769.19
3,783.55
1966
796.50
136.00
2,291.05
3,6,2.97
1,366.58
430.19
;$1), 645.39
1967
575.00
223.00
2,346.52
5,837.80
1,480.09
406.47
llO,1::(61).tll)
REVENUE
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PERIvlITS AND LICENSES
POLICE DEPAl1THENT
CIGARETTE TAX
UTILITY TAXES
:F'RANCHISES
HISCELIJUJEOUS
CONTINUED
8,645.39
8,962.35
-316.96
10,86B.8B
9,337.85
1,531.03
EXHIBIT #2
EXPENSES 1965 1966 1967
POLICE DEPARTMENT 1,371.14 1,306.47 1,742.21
FIRE DEPARTt-lI'~NT 5o.()o 364.130 412.46
UTILITIES 271. tie 1,283.96 1,514.08
RECR.EATION 5.33 409.79 192.84
OFFICE 200.70 111. 32 H30.93
TAXES PAID 17.28 11.58 23.96
INSURANCE 783.59 775.08 827.65
LEGAL AND ACCOUNrING 434.18 801.07 689.77
AUTO AND TRUCK REPAIR 41.39 ------ 363.63
/" GAS AND OIL 206.60 152.44 10.,7
iVAGES 1,256.00 3,238.00 2,909.03
DUES AND SUBSCrl.IPTIONS i8.00 40.00 112 . ,0
ELECTION EXPE.'NSES 288.01 74.10 81.70
RENT 116.00 120.00 150.00
STREET LIGIITING .570.81 112.38 --------
MISCELLANEOUS 78.98 12,.26 77.50
CASUAL Ik-,OR AND INTEREST ------- 36.10 49.02(Int.)
5,769.19 8,962.35 9,337.8.5
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