RES NO 11-06-1985 S
1 644385
CITY OF VAN BUREN, ARKANSAS
N
RESOLUTION NO. 4: -1985
A RESOLUTION APPROVING THE ANNUAL BUDGET OF THE BOND RETIREMENT
FUND OF THE CITY OF VAN BUREN FOR THE PERIOD OF 1 -1 -86 THRU
12- 31 -86.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,
ARKANSAS:
THAT, The Statement of Budget, Income and Equity
prepared by the Mayor of USDA -FmHA Form 442 -2
reflecting estimated income of $153,000.00 and
estimated expenditures of $13,000.00 is hereby
approved.
PASSED AND APPROVED THIS 18th DAY OF November 19 85
i
h A
MAYOR
QTY CLER"- TREASUR R
iOSirsol; I FORM APPROVED
USDA -FmHA OMB NO. 0575 -0015
Form FmHA 442 STATEMENT 01 BUDGET, INCOME AND EQUITY
(Rev. 1-19-83)
Schedule 1
Name Address
City of Van Buren City Hall 1000 E. Main
Bond Retirement Fund Van Buren, AR 72956
ANNUAL BUDGET For the Months Ended
CURRENT YEAR
BEG 1 -1-86 Actual Data Actual YTD
(1) PRIOR YEAR END 12 (Over) Under Budget
Actual Current Quarter Year To Date Col. 3 5 6
OPERATING INCOME (2) (3) (4) (5) (6)
1 Tax Receipts $145,000.00
2.
3.
4.
5. Miscellaneous
6. Less: Allowances and
Deductions
7. Total Operating Income
(Add lines 1 through 6) $145,000.00
OPERATING EXPENSES
8 Audit 300.00
9.
10
11.
12.
13.
14.
15. Interest (FmHA) 12,700.00
16. Depreciation
17. Total Operating Expense
(Add Lines 8 through 16) 13,000.00
18. NET OPERATING
INCOME (LOSS)
(Line 7 Iess 17) $132,000.00
NONOPERATING NCOME
19. Interest 8,000.00
20.
21. Total Nonoperating
Income (Add 19 and 20) 8, 000.00
22. NEC INCOME (LOSS)
(Add Lines 18 and 21) $140,000.00
23. Equity Beginning of
Period
24.
25.
26. Equity End of Period
(Add lines 22 through 25)
Budget and Annual Report Approved by Governing Body Quarterly Reports Certified Correct
nq i rr eat
City Clerk Treasurer Secretary Date Appropriate Official Date
No 1 u rt her monies or of her benefits rnay be Form is necessary to monitor financial pro- Est. time for completion: 24e hrs.
pald out under this program unless this report gress and is used by borrowers to submit their
Is completed and tiled as required by existing budget estimates to FmHA. Forrn may also No of copies required: Original 3
law and regulations (7 CFR 1042 -A). be used as a year-end Income and expense
statement when audited financial statements
are not prepared.
PROJECTED CASH FLOW Schedule 2
For the Year BEG. 1 -1 -86 END. 12 -31 -86
(same as schedule 1 column 3)
A. Line 22 from Schedule 1, Column 3 NET INCOME (LOSS) s 140, 000.00
Add
B. Items in Operations not Requiring Cash:
1. Depreciation (line 16 schedule 1)
2. Others:
C. Cash Provided From:
1. Proceeds from FmHA loan /grant
2. Proceeds from others
3. Increase (Decrease) in Accounts Payable, Accruals and other Current Liabilities
4. Decrease (Increase) in Accounts Receivable, Inventories and
Other Current Assets (Exclude cash)
5. Other:
6.
D. Total all A, B and C Items 140, 000.00
E. Less: Cash Expended for:
1. All Construction, Equipment and New Capital Items (loan grant funds)
2. Replacement and Additions to Existing Property, Plant and Equipment
3. Principal Payment FmHA Loan Regular 1987 20,000.00
4. Principal Payment Other Loans Additional (1988 -1995) 225,000.00
5. Other:
6. Total E 1 through 5 245,000.00
Add
F. Beginning Cash Balances 150, 000.00
G. Ending Cash Balances (Total of D Minus E 6 Plus F) s 45,000.00
Item G Cash Balances Composed of
Construction Account s
Revenue Account
Debt Payment Account
O &M Account
Reserve Account
Funded Depreciation Account
Others: Balance After Final Payment 45,000.00
Total Agrees with Item G s 45,000.00