RES NO 12-01-1982 12-1-1c182
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. f 1982
A RESOLUTION APPROVING THE ANNUAL BUDGET OF THE BOND RETIREMENT FUND
OF THE CITY OF VAN BUREN FOR THE PERIOD 1 -1 -83 THRU 12- 31 -83.
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 on USDA -FmHA form 442 -2 reflecting estimated
income of $125,000.00 and estimated expenditures of
$127,775.00 is hereby approved.
PASSED AND APPROVED THIS 20th DAY OF December 19 82
%a
AYIR
AT- TES'PED
CITY CLERK TREASURER
Position 3 0 O. B. No. 4083790
USDA- F;,HA
Form FmHA 442 -2 STATEMENT OF BUDGET, INCOME AND EQUITY 4
(Rev. 8- 10 -76)
No further monies or other benefits may be paid out under this program unless this report Is Schedule 1
completed and filed as required by existing law and regulations (7 C.F.R. 1823).
Name Address
City of Van Buren c/o City Hall
Bond Retirement Fund Van Buren, AR 72956
ANNUA O,UDGB' For the Months Ended
CURRENT YEAR
BEG r Actual Data Actual YTD
(1) PRIOR YEAR END12.31"43 (Over) Under Budget
Actual Current Quarter Year To Date Col. 3 5 6
OP 1TING INCOME (2) (3) (4) (5) (6)
1.1111k Receipts 120,000.00
2.
3.
4.
5. Miscellaneous
6. Less: Allowances and
Deductions
7. Total Operating Income
(Add lines 1 through 6) 120.000 nn
OPERATING EXPENSES
8, 19R4 Rnnr1 15, 000 nn
q, 2000 Bond 40,000.00
10 2001 Rnrv1 44.000.00
11.
12.
13.
14.
15. Interest (FmHA) 27 0n
16. Depreciation
17. Total Operating Expense
(Add Lines 8 through 16) 127,775.00
18. NET OPERATING
INCOME (LOSS)
(Line 7 less 17) (7,775.00)
NONOPERATING INCOME
19, Tntarest S,nnn nn
20.
21. Total Nonoperating
Income (Add 19 and 20)
22, NEP INCOME (LOSS)
(Add Lines 18 and 21) (2,775.00)
23. Equity Beginning of
Period 11.000.00
24. flop+ CPruL RPSV SR ,2nn 00
25.
26. Equity End of Period 76,425.00
(Add lines 22 through 25)
Budget and Annual Report Approved by Governing Body Quarterly Reports Certified Correct
Secretary Date Appropriate Official Date
+'s Schedule 2
For the Year BEG. l END. 3
I m e as schedule 1 eolu n 3) dei_
A. Line 22 from Schedule 1, Column 3 NET INCOME (LOSS) f (2,775.00)
se a e
Add
B. Items in Operations not Requiring Cash:
1. Depreciation (line 16 schedule 1)
2. Others:
C. Cash Provided From:
it 1. Proceeds from FmHA loan /grant
2. Proceeds from others
3. Increase (Decrease) in Accounts Payable, Accruals and other Current Liabilities 1
4. Decrease (Increase) in Accounts Receivable, Inventories and
Other Current Assets (Exclude cash)
5. Other: Property Taxes 120,000.00
6. Tnterpc Tnrnne 5,000.00
D. Total all A, B and C Items. 129.lf10.Of1
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 R91414", 15,f10f1_(lfl
4. Principal Payment Other Loans adthtiQn ....(20.Q...4...MI) 85, 000.00
5. Other: Interest FmRA 27,775.00
6. Total E 1 through 5 127,775.00
Add
F. Beginning Cash Balances 79, 200.00
G. Ending Cash Balances (Total of D Minus E 6 Plus F) 76,425.00
Item G Cash Balances Composed of
Construction Account S
Revenue Account
t.
Debt Payment Account 8,225.00
O &M Account
Reserve Account 68,200.00
Funded Depreciation Account
Others:
i
Total Agrees with Item G S 76,425.00