RESULTS OF 2024 OPERATIONS - PARKING UTILITY
| Debit | Credit | |
|---|---|---|
| Excess in Anticipated Revenues | xxxxxxxxx | 68,942.95 |
| Unexpended Balances of Appropriations | xxxxxxxxx | - |
| Miscellaneous Revenues Not Anticipated | xxxxxxxxx | - |
| Unexpended Balances of 2023 Appropriation Reserves* | xxxxxxxxx | 390,102.96 |
| Accounts Payable Canceled | 14,895.00 | |
| Deficit in Anticipated Revenues | - | xxxxxxxxx |
| Refund of Prior Year Revenue | 500.00 | xxxxxxxxx |
| Operating Deficit - to Trial Balance | xxxxxxxxx | - |
| Excess in Operations - to Operating Surplus | 473,440.91 | xxxxxxxxx |
| * See restriction in amount on Sheet 45, SECTION 2 | 473,940.91 | 473,940.91 |
OPERATING SURPLUS - PARKING UTILITY
| Debit | Credit | |
|---|---|---|
| Balance - January 1, 2024 | xxxxxxxxx | 796,040.08 |
| Excess in Results of 2024 Operations | xxxxxxxxx | 473,440.91 |
| Amount Appropriated in the 2024 Budget - Cash | 170,000.00 | xxxxxxxxx |
| Amount Appropriated in 2024 Budget with Prior Written | ||
| Consent of Director of Local Government Services | xxxxxxxxx | |
| Balance - December 31, 2024 | 1,099,480.99 | xxxxxxxxx |
| 1,269,480.99 | 1,269,480.99 |
ANALYSIS OF BALANCE DECEMBER 31, 2024
(FROM PARKING UTILITY - TRIAL BALANCE)
| Cash | 1,356,461.99 | |
| Investments | ||
| Interfund Accounts Receivable | ||
| Subtotal | 1,356,461.99 | |
| Deduct Cash Liabilities Marked with "C" on Trial Balance | 256,981.00 | |
| Operating Surplus Cash or (Deficit in Operating Surplus Cash) | 1,099,480.99 | |
| Other Assets Pledged to Surplus:* | ||
| Deferred Charges # | ||
| Operating Deficit # | ||
| Total Other Assets | - | |
| 1,099,480.99 | ||
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2024 BUDGET.
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.