RES NO 11-04-1984 11-y
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CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 3/4 1984
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A RESOLUTION APPROVING THE ANNUAL BUDGET OF THE BOND RETIREMENT FUND
OF THE CITY OF VAN BUREN FOR THE PERIOD OF 1 -1 -85 THRU 12- 31 -85.
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 $145,000.00 and estimated expenditures of
$21,000.00 is hereby approved.
PASSED AND APPROVED THIS 19th DAY OF November 19 84
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MAYOR rar
ATTESTED:
CI Y CLERK- TREASURER
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I Position j FORM APPROVED
USDA -FInHA C OMB NO. 0575-0015
Form FmHA 442 -2 STATEMENT OF BUDGET, INCOME AND EQUITY
(Rev. 1- 19 -83)
i Schedule 1
-Name Address
1 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 -85 Actual •Data Actual YTD
PRIOR YEAR
(1) END 17 -31 —R5 (Over) Under Budget
I Actual Current Quarter Year To Date Col. 3 5 6
OPERATING INCOME (2) (3) (4) (5) (6)
i Tax Receipts 140,000.00
2.
3.
4
5. Miscellaneous
6. Less: Allowances and
Deductions
7: Total Operating Income
(Add lines 1 through 6) 140,000.00
OPERATING EXPENSES
8, Audit 300.00
9.
10
11.
12.
13.
14.
15. Interest (FmHA) 20,700.00
16. Depreciation
17. Total Operating Expense 21 000.00
(Add Lines 8 through 16)
18. NET OPERATING
INCOME (LOSS)
(Line 71ess 17) 119,000.00
NONOPERATINGTNCOME
i 19. TnfPre t 5,000.00
20.
21. Total Nonoperating
Income (Add 19 and 20)
1 22. NET INCOME (LOSS)
(Add Lines 18 and 21) 124 ,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
Secretary Date Appropriate Official Date
No further monies or other benefits may be Form is necessary to monitor financial pro- Est. time for completion: 24a hrs.
Paid out under this program unless this report gress and Is used by borrowers to submit their
Is completed and filed as required by existing budget estimates to FmHA. Form may also No. of copies required: Original 3
law and regulations (7 CFR 1942 -A). be used as a year -end income and expense
statement when audited financial statements
are not prepared.
C A rSaiedule472
PROJECTED CASH FLOW
For the Year BEG. 1 -1 -85 END. 12 -11 —R5
(same as schedule 1 column 3)
A. Line 22 from Schedule 1, Column 3 NET INCOME (LOSS) 124,000.00
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. 124,000.00
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 PaymentFmHALoan J.9a 15,000.00
4. Principal Payment Other Loans Additional (1996 Thru 1998) 105,000.00
6. Total E 1 through 5 120,000.00
Add nr
F. Beginning Cash Balances' 163,000.00
G. Ending Cash Balances (Total of D Minus E 6 Plus. s 167,000.00
Item G Cash Balances of n i:
Construction Account
Revenue Account„
Debt Payment Account 98,800.00
O&M Account
Reserve Account 68,200.00
Funded Depreciation Account
::Others•
8 '167 ,000.00.
Total Agrees with Item G n