HomeMy WebLinkAboutAudit Report February 28 1959OFF ICE OF 'I TY S EGRETARY
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FORT WORTH, TEXAS
LLOYD J. WEAVER
D. WAYNE TIDWELL
J. T. BARTEE
FRED A. STEIN
TOMMIE E. RODDY, JR.
WEAVER AND TIDWELL
CERTIFIED PUBLIC ACCOUNTANTS
MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
W. T. WAGGONER BUILDING
FORT WORTH, TEXAS
March 24, 1959
Honorable Mayor and City Council
City of Euless, Texas
We have examined the statement of financial condition
of the General Fund of the City of Euless, Texas, as of
February 28, 1959, and the related statements of receipts
and disbursements and statement of surplus for the eleven
months ended February 28, 1959. Our examination was made in
accordance with generally accepted auditing standards 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 accompanying statement of financial
condition and statements of receipts and disbursements and
statement of surplus present fairly the financial position
of the City of Euless at February 28, 1959, and the results
of its operations for the eleven months then ended, in con-
formity with generally accepted accounting principles
consistently applied.
Yours very truly,
WEAVER AND TIDWELL
Certified Public Accountants
C OMMENTS
Cash on hand was counted at the date of the audit and recon-
ciled with receipts between February 28, 1959, and that time.
Cash in bank balances were independently confirmed with the
depository bank.
A tax roll for the City of Euless was prepared for the first
time in 1958, and property taxes assessed. The tax roll, with
amendments made up to the date of the audit, showed that $20,960.30
in taxes had been assessed. Collections through February 28, 1959,
amounted to $16,710.97, less $291.29 in discounts allowed. The
uncollected balance of $4,249.33 is shown on the statement of
financial condition under current assets.
All checks issued by the City of Euless since the date of
incorporation were examined. The physical properties purchased
during this period were scheduled, and the schedules are a part
of this report. Insurance coverage was also examined and
scheduled.
The City of Euless is indebted to the Hurst State Bank for
two notes. The existence of these notes and the current balances
were independently confirmed by us with the Hurst State Bank.
No discrepancies were noted in the accounts .of the City of
Euless. We wish to express our appreciation to the employees of
the city for their co-operation with us.
WEAVER AND TIDWELL
CERTIFIED PUBLIC ACCOUNTANTS
MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
CITY -OF EULESS GENERAL FUND
STATEMENT OF FINANCIAL CONDITION
FEBRUARY 28, 1959
ASSETS LIABILITIES
Current Assets
Cash in Bank
Taxes Receivable
$ 5,305.03
4,249.33
Total Current Assets $ 9,554.36
Psical Properties
Police Department Equipment
Office Equipment
General Equipment
Motorized Equipment
Fire Department Equipment
Community Center and Jail
$ 3,698.75
805.95
677.48
20,540.06
185 .12
14,125.61
Total Physical Properties 40,032.97
Other Assets
Advances to Police Officers 124.00
Total Assets $49,711.33
Current Liabilities
Withheld Taxes Payable
Notes Payable - Hurst State Bank
$ 240.60
15,287.49
Total Current Liabilities $15,528.09
SURPLUS
Surplus Balance, February 28, 1959 34,183.24
Total Liabilities and Surplus $49 711.33
WEAVER AND TIDWELL
GE$TIFIE1 PusLIO A000UNTANTS
MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
CITY OF EULESS GENERAL FUND
STATEMENT OF SURPLUS
FEBRUARY 28, 1959
Surplus Balance, April 1, 1958 $14,431.36
Add: Excess of Receipts over Disbursements
Physical Properties Purchased
Taxes Assessed, Not Collected
Liabilities Liquidated
Advances to Officers
Total Additions
Deduct: Liabilities Assumed
Accrued Withholding Taxes
Notes Payable - Hurst State Bank
$ 3,049.22
23,567.82
4,249.33
4,289.60
124.00
$ 240.60
15,287.49
35,279.97
$49,711.33
Total Deductions 15,528.09
Surplus Balance, February 28, 1959 $34,183.24
WEAVER AND TIDWELL
CERTIFIED PUBLIC ACCOUNTANTS
MEMBERS OF THE AMERICAN INSTITUTE OF CERTIPIEO PUBLIC ACCOUNTANTS
CITY OF EULESS GENERAL FUND
STATEMENT OF RECEIPTS AND DISBURSEMENTS
FOR THE PERIOD FROM APRIL 1. 1958
TO FEBRUARY 28, 1959
Receipts - (See Note)
Franchises
Southwestern Bell Telephone Co. $ 292.79
Texas Power and Light 944.56
Lone Star Gas Company 655.00
Municipal Service Company 773.58
Garbage and Other 86.27
Total Franchises
Permits Issued
Dog Licenses
Tax Revenues, 1958 $16,710.97
Less: Discounts Allowed 291.29
Net Tax Revenues
Police Department
Miscellaneous Receipts
$ 2,752.20
4,289.75
40.00
16,419.68
15,580.50
170.22
Total Receipts $39,252.35
Disbursements
Physical Properties Purchased
Police Department Equipment $ 2,786.86
Office Equipment 334.00
General Equipment 248.88
Motorized Equipment 19,023.08
Buildings 1,175.00
Total $23,567.82
Less: Liabilities Assumed 15,287.49
Physical Properties
Purchased - Net
Liabilities Liquidated
Operating Expenses Paid
Police Department
Salaries $ 8,671.94
Gas and Oil 1,590.21
Automobile Maintenance 1,005.31
Radio and Radar Repairs 288.69
Miscellaneous Expense 162.20
Uniform Allowance 259.73
Chief's Expense Allowance 1,490.00
Warrant Expense 235.00
Total Police Expense $13,703.08
$ 8,280.33
4,289.60
WEAVER AND TIDWELL
GERTIFIED PUBLIC ACCOUNTANTS
MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
CITY OF EULESS GENERAL FUND
STATEMENT OF RECEIPTS AND DISBURSEMENTS
FOR THE PERIOD FROM APRIL 1, 1958
TO FEBRUARY 28, 1959
Operating Expenses Paid - Continued
Office Salaries $ 3,471.10
Fire Marshall's Salary 82.50
Tax Roll Expense 1,500.00
Utilities 1,674.28
Telephone and Telegraph 246.58
Office Supplies 605.50
Miscellaneous Expense 454.67
Interest Expense 365.62
Postage 110.00
Insurance Expense 562.99
Legal and Court Costs 213.65
Animal Control 462.31
Travel Expense 297.52
Total Expenses $23,749.80
Less: Withheld Taxes Not Paid In 240.60
Net Expenses
Advances to Police Officers
Total Disbursements
Excess of Receipts over Disbursements
Cash in Bank, April 1, 1958
Cash in Bank, February 28, 1959
$23,509.20
124.00
$36,203.13
$ 3,049.22
2,255.81
$ 5,305.03
Note:
Due to the small number of employees presently required to transact
the business of the city, a system of internal control which would
insure that all funds received were properly receipted and accounted for
has not been possible. Our audit revealed no indications that all
receipts were not properly deposited to the account of the City of Euless
in the depository bank, however.
WEAVER AND TIDWELL
CERTIFIED PUBLIC ACCOUNTANTS
MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
CITY OF EULESS
SCHEDULE OF PHYSICAL PROPERTIES
FEBRUARY 28, 1959
Police Department Equipment
Traffic Signs
12 Signs, 2/15/57 $ 81.13
1 Sign, 7/10/57 6.10
2 Signs, 9/06/57 12.79
2 Signs, 9/26/57 12.79
20 Signs, 10/09/57 127.29
6 Signs, 2/24/58 25.38
6 Signs, 3/26/58 41.95
40 Signs, 12/26/58 273.04
2 Signs, 12/16/57 27.46
2-Way Radio,. Motorola Dual Channel,
12 volt, Serial #391293, 8/30/57 305.00
Desk, Chair, and File Cabinet for
Police Chiefs Office, 8/30/57 157.00
Fire Extinguisher for Patrol Car, 9/11/57 25.00
Morrow Conelrad Radio, Receiver, 12/12/57 39.50
Model 11-48R Remington Riot Gun, Grade
20" barrel, autoloading, 12 guage,
Serial #5157977, 9/19/58 85.92
All-purpose finger print kit, 7/31/58 69.68
Model 33 Speedmeter Radar Unit, 4/20/58 1,297.00
Base Radio Station, 8/02/58 1,111.72
Total $ 3,698.75
Office Equipment
Desk, Table, Chair, 8/06/55 $ 185.50
Royal Typewriter, #KHN-1908574, 10/30/57 75.00
Remington Typewriter #X4-19050 79.50
7 Drawer Used Check File, 11/18/58 55.00
Burroughs Adding Machine, Serial #P-3023260,
9/12/58 324.00
Gray Letter File, 1/29/58 65.45
C-3352 Gray Card File, with guides, 1/15/58 21.50
Total $ 805.95
WEAVED. AND TIDWELL
GERTIFIED PUBLIC ACCOUNTANTS
MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
CITY OF EULESS
SCHEDULE OF PHYSICAL PROPERTIES
FEBRUARY 28, 1959
General Equipment
Five Stoves, 4/30/55
Fifty Folding Steel Chairs, 7/27/57
Installation on Air. Conditioner, 8/01/57
Gibson Air Conditioner, 1 T., 7/05/57
Water Fountain, 9/09/57
Coolerator Air Conditioner, 2 T.,.9/10/58
Total
Motorized Equipment
Ford, 135 Cab Chassis Fire Truck,
Motor No. C-87R8U15521, 11/12/58, Cost
Pirsch-Ford 750 gal. Pumping Engine,
100 Amp., Leece-Neville Alternator
#481 Akron Gated Wye, 2 1/2 X 1 1/2
X 1, '1/2, Brass
250 Watt Transformer, with one 110-volt outlet
Total
1959 Custom 300, 2 door Ford Patrol Car,
#1490G 108039
1950 Chevrolet Pickup, Motor No. HBA-1106861
1951 Ford Truck, 158' CC, Motor No.
F5RIDL-15076
Total
Fire Department Equipment
2 Nozzles, 11/22/55
Equipment for City Marhall's Car, 1/05/57
Total
$ 53.50
125.00
60.85
100.00
89.25
248.88
$ 6,075.49
11,203.00
280.00
47.59
35.00
$17,641.08
2,525.98
3 73 .00
-0-
$ 118.52
66.60
677.48
$20,540.06
$
185 .12
WEAVER AND TIDWELL
CERTIFIED PUBLIO ACCOUNTANTS
MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
Company_
Aetna Insurance Company
Aetna Insurance Company
Aetna Insurance Company
Aetna Insurance Company
Aetna Insurance Company
Policy
Number
66-78-25
C5354927
C5354930
C5354925
CITY OF E ULE S S
SCHEDULE OF INSURANCE IN FORCE
FEBRUARY 28, 1959
Effective
Date
9/10/58
10/08/58
2/22/59
8/10/58
Expiration
Date
9/10/63
10/08/59
2/22/60
8/10/59
Coverage
Fire, Lightning, and Extended Coverage
on City Hall and Fire Station
1958 Ford Fire Truck
Bodily Injury
Property Damage
Collision or Upset
Fire, Lightning, or Transportation
Theft
Combined Additional Coverage
1951 Ford Fire Truck
Combined Additional Coverage
Fire, Lightning, & Transportation
Theft
1959 Ford Custom 300 2PV #H9DG108039
Bodily Injury
Property Damage
Comprehensive
Collision
Public Official Bond - Chief of Police
Public Official Bond - City Secretary -
Treasurer
Public Official Bond - Patrolman
Notary Public Bond - W. C. Flippo
Limits of Liability_
$10,000.00
$ 5,000.00 Each Person
10,000.00 Each Accident
5,000.00 Each Accident
A.C.V. less $100.00
17,425.00
17,425.00
17,425.00
A.C.V. ;)
A.C.V.
A.C.V0
$ 5,000.00 Each Person
10,000.00 Each Accident
5,000.00 Each Accident
A.C.V.
A.C.V. less $100.00
$ 1,000.00
1,000.00
1,000.00
1,000.00
Premium
$ 64.80
66.00
61.00
65.00
26.14
8.71
24.39
5.00
66.00
61.00
30.12
84.83
5.00
5.00
5.00
2.00
WEAVER AND TIDWELL
CERTIFIED PUBLIO ACCOUNTANTS
MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
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