Newspaper Page Text
THE FORSYTH COUNTY NEWS. JULY 27.1972,
- exhibit a
T l ‘ , EXPENSE: #&: , $ U5,3H9 $ J^39
EXPENSE " . , •• . ■'■ ;r Bank overdraft.,.. ' iv’ : • * i "V:. 42,951 ° •
C.-rtiSicnt.e of 'i-posi' rod sa-; '• «••■■■■• ' ■, ' A • rout a payable ana accrues •* --b. tie
lc •.• - (-•>?• i ■' ab-.e ; ■■■• " T-* «!; Hotes payable to a bank: 400,000
■ a xe S reue’ ;ab':o, -A *"'•• '' : ' ' On deria: r. • j 2,0
collec'..nn.n taxes, ■' • • . for-. Jan ;ary 1, v; 735
1572 and $4 ,'A at Tmemn.r t<yu $ 768,742 Equipment purchase eontyac- ‘-e m l 14,954
/«*Ah®c*' I *j 5!. . ' • to November 1074. . '
Accrued 1972 real urate ad f • x •' ;(i ' referred revenue - 3.97 2 motor verbis aa .d... ■■ 4H ,142
I ) ' V • ' ' taxes 1 )...•■■•■•• ;; ; ] (37,971) (8^,951)
Amount r- •eivable Fund balance (deficit.; ■ •'. •••■•—■'•■•
State of Georgia - Appn-v-• un : y-S :iWt 2 Bjoßm 79,434 ' 1 . ' fj| ''
•eve ! cogent, ere . • ■ ■•••• > 5. 008
Office of the Oler;: .01' Suponnor n,,rii-r,. • • "’"i; , ' ui . & ' ■ i ;
■ffl rf r:. : . , I
■ffice of the rdlnary. , • g BC '
Built i*ng Iti a pec 1 .or .. ■ . •' ' ' ' 81
JerteraT Bonder netm -’tin ••, • , ;?,261 ; ' ■ ,
Prepaid insurance ' ’ l, 714
Prepaid interest •••;••••••/■
Eeferre i char-re - .-■■n-:.' ■ T ■
(Note 2)..- .:■ v lilllll
Amount t oe .«■ •'■ ' ‘ '■ : ’"( . ,() _ _-«=
for equipment per ■ ‘ ' 4 • 1 ,_. T .. 1 ~ 505.427 JLJ£tj23=
■•tents ’ '*7 — ~— ” " ota - • *y** • ‘ t ' IJil 50,000
lot> ' :! • n JAlh KJILIT.'iG EUNI - Eunri balance t'ote •• ■*+ 1
jail build;:; ; Ef::; - - ■ •” J ■ jenehal bonded debt eunc? $ 81
lENERAJ, BOHlJEl: let: EEL : ' r S rs.OjL Amount paya||.e to Expense
Lash in bank •• ’ . -1/2E Refunn in; Bonus ot o'-.l: 8,000
Taxes value, '■ SB,OOO due in mn/c '' « 15,000 15,000
collectible taxes, £ , 't ■; ! $5, 000 due annually 197 Jto 197-..- ' 2 ,000 2,000 ■
1972 and $1,548 al 1 -■:• m 053 u.e in 197. 1;. (' '
(Schedule ’ . ■ Hospital loads of u9 3 b : - die 36,000 45,000
Amount to be provicr. ■" annually V : / ’ ’97c
levies for re tii-um-’u. of E l l- 25,091 ~ft~"~ET3~ 000 ~ 1 70. 08 3..
debt ' ::' ' if ~~70,081. Total
GENERAL FIXED ASSETS - At values M 'faiceo
as of December T, l-t. - T uu Atsvm .( u.T
sor and t’-.e C rnmissi a i-.oacs an :
Revenues, with suose-q uT Du'nns n .
”:■ :. - ■ . V . " : • m ■ 5
Roau machinery an ’ eq/;,:. r .... s; .jID, 12, :3 - . 14,192 an- for the year ended ftl[oßQ-Gfe2 $1.041,070
Furniture arm fixtures ... 7‘uE;i, 041, 070 31, :2 > • ’' '
" sle accompanying notes to Financial Statements.
... A . y.,;’ uyu yyNGES IN EXPENSE FUND BALANCE EXHIBIT B
HASKINS a SELLS JANTIARY 1 To J g E i^ > , DECEMBEH JIT
CERTIFIED PUBLIC ACCOUNTANTS 1.972 1.971
Forsyth County Commission f Rcaus a r
Jutting, }eor. ; 'ia :
Dear Sirs:
We have examined tre ffnancia t'.atrm 'r or c fpr-m. :
schedules of the funds and v.ocoe:u re
Commission of Roads and K, .■ :■ - i tra. ' '
period from January ito Jun< ,
table of contents. Our exa:-. ua 1.0.
generally accepted audit In.- suvnuu, ■
tests of the accounting records an su •: • ■ • ' ' P'" ! ; ' teK 3
we considered necessary in the siren: a;- ,c r
In our opinion, such statements pr r 'a-.
cial position of the afor-u, ru: :• ' "
dune -2, 1972 and the changes in .
th en ended, in inform t with general! ■■■
applied on a basis consist*nt with t
supplemental schedules, w:,/, ■ ' •
financial statements, prosun* r*:.K n
forma : ion shown therein
lours' : ruiy.
NOTES TO PHONIC IAL L 4-MEL IS
EXHIBIL U
1. EASIS OF ACCOUNTING
The balance sheets and the stator' ' f
Expense Fund balance v b<
basi-. On this basis ad
as they accrue, other re e
received in cash, Li < r<
expense when paid, and otv r e u, 0
ut the time the liabilities then f— - ' ‘
Revenues earned for the \* f ! ' ' I't : o inns 12,
1972 included:
One-tia'lf of U« ftni estat 1 *u • .
estimated by t-r.e Commission if hoao ■ and
Revenues to r>e collectible f.ir the mil
year ending Dec* mber Jl, ‘■■ ' '
servative estimate was mad-. >a. 1 p ■
the assessed valuation ana tux ra > s used
in setting the 1971 taxes.
One-half of the motor vi-ni ,-i- ad .-a 1 */><
collected during the pertou from .'uiunr> I
to June 12, 1 "*7i. The remaining P 1 oti-.n oi
the taxes collected is to be recognises as
revenue in the six months ending December J ',
1972.
2. LEASEHOLD IMPROVEMEN !'S
The County ha.; Laut! a f s3oo,
a Deriod of fi v< yi ara ti • .... ,
and has subleased' tt;a’ rT. 'd ' ''.ot ' -pa; ■ ! | jf
and Childrei :■
be determined) based ope • ■ > - ‘ •*" B ; ,
improvements. I’he L ■ - ' ' ::i ‘ : " "
by P the County am tob. irwTx ' ' ' - n, ‘ ''
3. JAIL BUILDING FUND
The |oo.ooo '■•ash re- < : vn: f'/" ■ 'o. Often of Georgia for
the Jail Building Fun; wa. r< - d ' f- ' " 1 f W- ■ '
January 6, 19 7 2
PAGE 12
FORSYTH COUNTY, GEORGIA
RVVi-:tiU".S: & BS3 g ~ $ 2,633,604
:pts (Schedule * diJ ’ ” •
Add re iOt): ' . , ( 164 2 46) (182,973)
O, jr- faxes rOCtt: VUD OT ‘ b > >
: ccoaso) in a:.. U.l-S 678
sivaf’.o from agency funds vS 004 /
P ml f ■ estate ad
■ ■v.joi-om taxon Ut'tte IT ‘ l3 ~ ’
DTcrral f 1972 motor vehicle ad
va.Lor ■ . truces (Not-:- 1 fuou’ooo)
f:- ;o :r 'T- m too,, i.oar»S V 00 ’^ 00)
Actr‘ to: E.t.er. st receivable ■ • ‘ L/
Aro.oud o.f L-, fr-em the State for:
ighway development (66,T43
■ ■ u- tt(d ODjtCtS n 714 a 565)
- ; ' 1 006 469
■ tal revenues.. 9 59 ; 8 .°£
f:,,Tr t.U.ES: o :t , ooq
• Ado (deduct)t
At (U-g 'to ot: .; for: , /, o IR
Appalachian highway development.: mS'SS-!
rojeots ,4, 06 (150,066)
< j.oraasc- (decrease) in payables.... ’
Ix-e'erral of leasehold improvements. (15,329) ,
Pr taro;' lu’ ' '• 1 ’ ’
Prepayr.-inf ■-•i* insurance (IJ,Z6i;
T. ers: it -m-.'.unt payable to
general Bonded Debt Fund
otreas-t in amount payable to Jail
Bui ' tine rut,a. - - - • (, ou, oxx )
Teirmcersa'bl e expenditures for
tu tote
o 0.1 . 'ore .At -’ 1 ; TS
. - ,951-)
:to accr.oahying Notes to Financial Statements.
TABLE OF CONTENTS
Exhibit
Financial Statements: &
Balance Shut ,' ' !
ges in Expense Fund. Balance ®
Notes ro l-'inancia 1 Statements..
Scnedule
Suppiroen: al Stuedules:
•, ; Re-eipts and : j.sbui’sements.
, .rsm - .ts, by it partment 2
r Disbursements, by Department 3
•yi A iminist ra * it. ( Disbursements 4
Taxes .(Receivable