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Show BALANCE SHEET - GENERAL FUND Upper Colorado River Commission JUNE 30, 1961 ASSETS CASH Office cash fund $ 25.00 Demand deposit - First National Bank in Grand Junction, Colorado 11,272.01 $ 11,297.01 OTHER ASSETS - returnable deposit United Air Lines 425.00 PREPAID EXPENSE - Unexpired insurance premiums 213.52 $ 11,935.53 LIABILITIES, RESERVES AND FUND BALANCE ACCOUNTS PAYABLE For supplies and expenses $ 595.02 For furniture and books 1,585.55 Other 719.25 $ 2,899.82 RESERVE For fiscal year 1962 assessment received in advance from State of New Mexico 11,250.00 UNAPPROPRIATED FUND BALANCE Balance July 1, 1960 $77,37576 Less: Transfer to New Commission Office Building Fund in accordance with Commission action of November 30, 1960 $73,893.24 Excess of expenses over revenues for fiscal year ended June 30, 1961 5,696.81 79,590.05 Balance June 30, 1961 - deficit 2,214.29* $ 11,935.53 Note - At June 30, 1961, unrecorded liability of the Commission to its full-time employees for accrued annual leave amounted to $1,667.39. According to Commission policy (effective July 1, 1960) each employee is expected to take annual leave of 15 days each calendar year during which period of time regular salary payments are continued. Employees may accumulate a maximum of 30 days annual leave. * Indicates red figure 82 |