HomeMy WebLinkAboutFY 1975 Revenue Sharing Funds - AuditCITY OF EULESS, TEXAS
REVENUE SHARING FUNDS
ACCOUNT NO. 44-2-220-008
FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 1975
with
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
ARTHUR YOUNG & COMPANY
CONTENTS
Part I - Financial
Accountants' report on financial audit
Statement of revenue, appropriations,
encumbrances, expenditures and balance,
year ended September 30, 1975 - Exhibit A
Statement of obligations incurred, year
ended September 30, 1975 - Exhibit B
Part II - Compliance
Accountants' report on compliance
ARTHUR YOUNG & COMPANY
2200 FORT WORTH NATL. BANK BLDG.
FORT WORTH, TEXAS 76102
PART I - FINANCIAL
Honorable Harold Samuels,
Mayor and City Council
City of Euless, Texas
We have examined the Revenue Sharing Funds statement of
revenue, appropriations, encumbrances, expenditures and balance
and the statement of obligations incurred of the City of Euless,
Texas, for the year ended September 30, 1975. Our examination was
made in accordance with generally accepted auditing standards and
the "Audit Guide and Standards for Revenue Sharing Recipients"
issued by the Office of Revenue Sharing, U. S. Department of the
Treasury, and accordingly, included such tests of the accounting
records and such other auditing procedures as we considered
necessary in the circumstances.
In our opinion, the statement of revenue, appropriations,
encumbrances, expenditures and balance and the statement of obliga-
tions incurred present fairly the revenue, expenditures, obligations
incurred and status of Revenue Sharing Funds of the City of Euless,
Texas, for the year ended September 30, 1975, in conformity with
generally accepted accounting principles applied on a basis con-
sistent with that of the preceding year. Further, the financial
data used to determine the City's revenue sharing allocation for
the year ended September 30, 1975, is in agreement with audited
records of the City of Euless, Texas.
October 31, 1975
CITY OF EULESS, TEXAS
REVENUE SHARING FUNDS
STATEMENT OF REVENUE, APPROPRIATIONS, ENCUMBRANCES,
EXPENDITURES AND BALANCE
Year ended September 30, 1975
EXHIBIT A
Per books
and audit
Available funds, beginning of year:
Unencumbered appropriations $
Add revenue:
Entitlement payments 130,840
Interest 3,600
Less unappropriated, end of year
Available for obligation during year
134,440
134,440
Less:
Expenditures 23,704
Encumbrances (net) 21,533
Total obligations incurred 45,237
Unencumbered balance, end of year 89,203
Unappropriated, end of year
Available funds, end of year $
CITY OF EULESS, TEXAS
REVENUE SHARING FUNDS
STATEMENT OF OBLIGATIONS INCURRED
Year ended September 30, 1975
EXHIBIT B
Per books
and audit
Capital expenditures:
Public safety $ 45,237
Total obligations incurred $ 45,237
PART II - COMPLIANCE
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
Honorable Harold Samuels
Mayor and City Council
City of Euless, Texas
We have examined the Revenue Sharing Funds statement of
revenue, appropriations, encumbrances, expenditures and balance and
statement of obligations incurred of the City of Euless, Texas, for
the year ended September 30, 1975 and have compared the financial
data used to determine the City's revenue sharing allocation for the
year ended September 30, 1975 with the audited records of the City
of Euless, Texas. Our report thereon was dated October 31, 1975.
Our examination was made in accordance with generally accepted audit-
ing standards and the "Audit Guide and Standards for Revenue Sharing
Recipients" issued by the Office of Revenue Sharing, U. S. Department
of the Treasury, and accordingly, included such tests of the account-
ing records and such other auditing procedures as we considered neces-
sary in the circumstances.
As part of our examination, we made a study of compliance
matters as prescribed in Section V.D. of the "Guide" for the year
ended September 30, 1975.
Our study of compliance, which related to the requirements
cited above, disclosed no conditions which we consider matters of
noncompliance.
ARTHUR YOUNG & COMPANY
741 °L-CP-'71
Fort Worth, Texas
October 31, 1975
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