PUBLIC NOTICE INDEPENDENT AUDITOR'S PUBLICATION OF THE BOROUGH OF COCHRANTON CONCISE FINANCIAL STATEMENTS Assessed valuation of taxable real estate as of December 31, 2013 $ 13,859,681 Millage 13.25 mills STATEMENT OF SUPPORT AND REVENUE, EXPENDITURES AND CHANGE IN FUND BALANCE - CASH BASIS Year ended December 31, 2013 Net Support Interfund Increase and Revenue Expenditures Transfers (Decrease) GOVERNMENTAL FUND General Fund (includes taxes of $308,048) $ 476,171 $ 438,257 $ - $ 37,914 SPECIAL REVENUE FUND Liquid Fuels Fund 26,036 50,560 - (24,524) PROPRIETARY FUNDS Enterprise (Water) 256,622 185,697 (21,286) 49,639 Enterprise (Sewer) 469,053 485,280 21,286 5,059 68,088 BEGINNING FUND BALANCE, January 1, 2013 795,314 ENDING FUND BALANCE, December 31, 2013 $ 863,402 STATEMENT OF ASSETS, LIABILITIES AND FUND BALANCE - CASH BASIS As of December 31, 2013 ASSETS Cash $ 866,958 LIABILITIES Current liabilities 3,556 FUND BALANCE $ 863,402 These concise financial statements are presented to comply with the provisions of Section 1196 (e)(2) of the Borough Code. The complete financial statements, together with the audit opinion of the independent certified public accountants, have been filed with the Clerk of Courts of Crawford County and are on file at the Borough's office. 06/10/14
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