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The Honorable Mayor and (Tomigsioners, at} of Highland Park. Lake County, Illinois. Gentlemen . PAGE EIGHT SCOPE OF AUDIT: All general ledger postings we amined and checked with the Voucher Record. All cash (1 made from the proper funds. (‘ash balances were verifie< and “D-2" cover reconciliations of cash in bank account: tory in themselves. Amounts due the City in respect of taxes, water rental usual manner, special attention being given to the accom The liabilities in respect of accounts payable and aCCl for the period under review being supported by proper ei cordance with the ordinances pertaining thereto. The C‘( Bonds and vouchers are in accordance with the general bc Journal entries were made adjusting the Capital Asset Surplus accounts in respect of two (2) Dean Pumps that also suggested creating proper depreciation reserve acc( covering such reserves for the year under review. The ba 5 . on Buildings, 20'. on Stand Pipe, 20', on Autos. including Fire Truck, 10‘. on Furniture and Miscellaneous Equipment, 5'. on Long Lived Equipment. The Local Improvement accounts have been proper]; are a few completed improvements that show a cash bal: be authorized and the funds transferred from the Ass The Current Revenue for the: past year is $7,521.53 ix ceding year, and the operating expenses and expenditur in the preceding year by $16,656.58. However. the curre penses and expenditures for permanent property by $11. A, - fl. ~ . . s- “cu-..“A t“. um an, k'Cll-‘Ln‘ L.l|\l y.\‘l\,.-‘..»...-, , . > 7 The City's Financial conditmp as reflected by the buoks and rwm‘ds in all departments tn have nut the year. , A .nI‘ ml YEAR EXHIBIT " ('[ty of H Statement (‘AS}{ I): BANKS General Fund Library Fund Garbage Fund AUDIT } CASH IN OTHER HANDS C i t y Collector's Emergency Fund ("ity Library Emerg- ency Fund INVENTORIES Auto Tires on hand . ACCOUNTS TO BE COLLECTED General Taxes Re- ceivable 55 Water Rentals Re- Ceivable V 12 Miscellaneous Accounts Receivable . 2 ADVANCES FOR PRELIMINARY COST OF LOCAL IMPROVE MEN'I’ I'NEXPIRED INSURANCE PREMII'MS St‘HEDL’LE “A-l" ('ity of Highland Park, County of Lake. Illinois Statement of Current Revenue and Expenditures fur Year Ending April 31 EXPENSES AND OTHER EXPENDITI'RES . OPERATING EXPENSES Department of Public Affairs Department of Accounts and Finances Department of Public Health and Safe Department of Streets and Public Imp1 Department of Public Propert3 Public Librar3 Emergenc3 and Contingent Expenses Liabilit3 Insurance Local Imprmement Expense Fire Insuiance _ (‘ity Beautiful Plan hicag PERMANENT PROPERTY ACQUISITIONS Building> (bathing beach) [ibrarx Books Furnitme and Equipment (pumping >tati<111) (‘L'RRENT REVENl'E IN EXCESS or OPERATING Expmsns Less â€" Permanent Property Expenditures (‘urrent Revenue in Excess of Expenses and Permam-m Property Ex General Taxes Water Rentals MISCELLANEOUS EXHIBIT “(w 1.931. : EXHIBIT "1)" â€".\'tat¢”ment Zof ('uxh Rereip/s and Disburst Trrasurcr's hooks for the; war ending April 30th 1921. SCHEDULE “DJ"-â€"R§wnu‘iliation of (74’ncral Fund m....L-'.. "ml (‘itu Tnvrn'zlrrr’s records. Vehicle Licenses .7 .. Peddlers' Licenses Dog Licenses Milk and Ice Licensee ,» 1 Amusement Licenses ., ;. Sexxer Permits V Miscellaneous Water Dept. Rexenue V ehicle Fines Ordinance Violations Brokers" Licenses V Miscellaneous [ nelassined Library Fines and Rentals 1 pend it u res SCHEDULE " TOTAL TOTAL fur the Illinui< (‘lcrk'x and City Trf'mx'zln L (CIA .\ unu \ my . . H... .V. \. HEDULE "D-2"â€"â€"Rdvmu'ilz’ation of Spit-MI Clerk's and City Twakun'r'.- Records. .A:.«.â€" v LIN/lam! I’m-1‘3 (Run/M «if Luke, Illinois “f Current Assets and Liabilities at Aim III’URT ()I’ THE CITY OF IIIHHIAANI) I’ARK. LAKF ENDING AI’RII‘ PM; 1921. Clerk's and ('zfy 'l ruwm‘er s neCUIua. OF AUDIT: All general ledger postings were checked. and all vouchers were exâ€" lisbursements were found to have been . checked with the Voucher Record. All cash ( the proper funds. (‘ash balances were verified in the usual manner. Schedules “D-l" cover reconciliations of cash in bank accounts, and I believe are sufficiently explana- of Public Affairs of Accounts and, Finances of Public Healthiand Safety of Streets and Public Improvement of Public Property 3" â€"â€"â€" Statenwnt inf (‘apital Ass: LE ”Bâ€"l"â€"- Analysis of Capital yrar ending April JUth, 1921. "' â€"â€"- Statvmmtt 95" [mm] lmprw ASS HTS City in respect of taxes, water rentals. assessmentx. etc, were verified in the ll attention being given to the accounts handled by the City Collector. respect of accounts payable and accrued payrolls. were proved, the payrolls review being supported by proper evidence of employment and found in ac- 'dinances pertaining thereto. The Corporate Bonds, and Local Improvement are in accordance with the general books and individual bond records. we made adjusting the Capital Assets. Depreciation'Reserve and Capital respect of two (2) Dean Pumps that were discarded. Commissioner Willits ing proper depreciation reserve accounts, and therefore. entries were made M cm. Hm vunr under review. The basis of these entries were as follows: $ - 17,656.65 1,243.20 1,338 32 55.84850 12,29 99 2,489.96 7‘” - _, + ”fwwi, WILLIAM H. WI'I‘TER ' Accountant and Auditor 1530 Lytton Bldg. Chicago 99.88 Rmpectfully. Submitted em. ts have been properly maintained throughout the year. There On such a rebate should that Show a cash balance on hand. sferred from the Assessment to the Rebate Fund. st year is $7,521.53 in excess of that revenue during the pre- lenses and expenditures for permanent property are mere than However. the current revenue is in eXcess of operating ex- nent property by $11,323.76. is reflected by the attached statements is excellent. and I find vents tn have been efllciently and prnperly maintained through- llllllLlLA‘ u» 20,238.17 133.50 ..I ... LIAB..JTIh> IMMEDLx'rr: DEMANDS FUR (‘Asn (”urrcnt Acmrunts Payable $ 12,047 Accrued Current Paymlls 865 I‘rnpert)‘ ()wners' A<1~ vancos on Imâ€" prnvements 210‘» 125.91 70,636.46 72.00 1,666.78 REVENUES (If)! I!” ()THER LIABILITIES Public Benefits Payable EXI‘ESS or ASSETS OVER LIAIIIIITIES mh. 1921 sxwfs and “mulliunk Halanww, with bilitit's at April JHUL. 1.021. L‘rprndz’turm and Surplus Armunt W. H. WITTF.R nding April 30th. 1921 me‘nfs, as shown by tho *.~' (1! April Julhl 19,31 1')“ mm and (Lthrr Er Bank Balances, with (nun! far ”I! mm» wf your ("ity for the and supporting schedula, opinion represent the finan- svs. and other expenditures MIN/[M at April J’Uth, ()I'XTY. ILLINHIS. FUR 191305.18 5,537.62 35,858.60 27,070.12 8,858.05 4,722.42 2.880.65 1.483.412 807.10 656.40 500110 21,833.57 10,509.81 1,449.57 910.24 8,150.00 4,494.57 125.00 122.00 153.75 114.00 200.00 865.91! 1 .00 1 13.00 338.00 2.00 259.52 876.17 mar omit/u) In nth $107,979.56 $129,813.13? S 79,673.63 38,958.20 11,1813‘| (‘Asu I.\' BANKS Bond liedvmptwn Fund 13,129.98 Hum» TAXES TU M: (‘uun‘nm My i111 it y 'meim "(' (Yty ofIIMHdand Park,(%nndy u! Lakr,lUinow 10,509.81 Statement uf Local Improvemem Assets and Liabilities at April 30th, 192] ASSETS I 1.323% ' ExI‘I-zss or Assms (mm LIABILITIES 29.82 Funds nn Hand and L'nculloctvd Bond Taxes 13.01 Pormmwm PrnperI)‘ Values in Excess of B( H‘urrom Surplus April 30th. 1921 SCHEDL‘LE “A-Z" (‘ity of Highland Park, County of Lal Analysis of Current Surplus Account fl (‘urrent Surplus at April 30th, 1920 ADDlTlONS Improvement Interest on Deposit Fu: and used in paying public benefits DEDH‘TIONS Public Benefit, Improvement No. 229 .. Public Benefit. Improvement No. 260 . . .. 1919-1920 Liability Insurance. pdd in 1920-1921 ......... Interest on Public Benefits. paid from funds transferred terest on Deposit Fund EXHIBIT “B" FJAI‘ID‘I u (Tity of Highland Park, (‘ounty a] Lake, Illinois Statement of Capital Assets and Liabilities It A Lee PERMANENT I’ROPERTY Real Estate Buildingx Furniture License. MM... " - Street Lighting ......... . ...................... Insurance Tues. ,. Interest on Bunk Bdances Gasoline Tank Licenses - Bathing House Permit m .._ __ Reeteurant Licensee .. w .-. _ .. . Scavenger Licenses 1..-..-“ Building Department Revenue Water f’ermit HUNDED INDEBTEDNESS 4‘3 . Serial Blidge Bondw 1‘ 3 . Serial Park Bonds 1‘ _ ; Striul So mor Bonds Sump”); "1H" . l'ity of Highland Park, (Iounry of Lake, Illinois Analysis of (‘apitnLReyqqua Expenditures and S 5511315931 ’Apri’l 30th. 1921 ADDITIONS Bonded Taxes lA-vied 1920 Excess Band Taxes uf previous years cullecbed Permanent Property Acquisitions Ih-croasv in Corporate Bond Liability Excess of 6'. Costa allowed on local impm and collecting costs . - . __ ,_,. .. Excess of Current Revenue over operating property expenditures Imm'r'rmns (‘orporatc Bonds Redeemed Interest on (‘urporute Bonds Paid Loss on Two Dean Pumps sold Depreciation Reserves $01 up (‘apital Surplus at April 30”). 1921 (‘Asn IN BANKS Asxcssment's Fund Rebate Fund Interest on Ik-pnsits Fund 14‘s.: A( ( ‘()1' \‘TS TU BE( (mu-x TED Assessments Receivable I’uhlk Benefits Receivable IMMEDIATE DEMANDS FOR (‘ASH Accounts Payable to Contractors Rebates due to Property Owners .. , Due to General Fund Account of Making and Collecting Costs Intake Pipe Settling Well Stand I‘ipe ')THl-JR LPABILITIES Improvement Bonds and Vouchers , ‘IESl-ZRVE FOR ADDITIONAL COST CONTRACT LIABILITY ANII INTEREST Loss ASSETS OVER LIABILITIES Available interest on Deposit Funds Im-im-ratiun Plant [1035. Dvprc-ciatinn RGSQ'I‘VQ‘ I.lhl‘al'}‘ Bunk~ urnitux'v and Equipment Ms. lM-pru-iatinn Resorn TOTAL T( ITAI. [‘UTAI Depreciation Reserve Depreciatiun Reserve TOTAL TOTAL Ind Park, County of Lake, nu ma urrent Surpluga _Account for Year Ending April 30th xterest on Deposit Funds transferred to General Funds )aying public benefits and interest _- .. . ‘osm allowed on local improvements over actual making ‘i‘nu vacegs ‘0Wf-‘I'370nd ed I n debted ness LIABILITIES it" April 300:. 1921 ASSETS LIABILITIES e5 ensea and permanent Surplus for Year Ending April 2mm. from the In- $68,607.50 3,430.37 65 40,494.33 14.7481“ 5,000.00 1,000.00 8,911.94 445.60 , 1921. $121,626.35 11,323.76 $13,000.00 4,000.00 2,000.00 1,201.73 298.16 6,982.23 262,368.19 l 1,158.67 1,023.85 97.90 2,049.01 195.14 25.740123 140,262.25 8,014.20 7,009.00 5.001100 4,000.00 3,466.34 12,000.00 1.161.78 34,323.64 2,244.06 274.29 750.00 8,161.07 5,000.03 2,322.47 81.97 31'" gafa ”0;.“ Bond! d hum“ ' Scnwvus "D- City of High“ Reconciliation 30th. 1921. GENERAL PU (Hum ("'11 ()1d Honda Xu. 9?)?» N0. 1598 DEM'G'J \‘nuchm' N (‘lerk‘s 1 in (‘it.\' Trmmfw Sudan ”"1! ”a. nnd Pub“ wfiu with Ann Scunmu: ‘ City of H50 Reconcilinti Highland P Highlapd P .4 General F01 SPECIAL F} H izhllm Highlu‘m Assassin [library F11? Garbage D1 Bond Red?! €anth 0‘ N0. 262] No. 2781 N0. 29“ No. 29“ N0. 301‘ N0. 302“ N13. 323' and [’3’ \‘uucht-I ADD Interest and en‘ 1921, I until h Vuuchel F und in Tr Both 01 Ht, If! 1% )TA A In GENE OI TO' . J91