APPENDIX B.- MUNICIPALITIES. BALANCE SHEETS, MANUFACTURING AND PROFIT AND Loss ACCOUNTS TO JUNE 30, 1910.1 (For other information about these plants see under title “MUNICIPAL OWNERSHIP” in the body of the report, and Appendix E.) 1 In these balance sheets the various plant assets represent the actual expenditures for these items, less depreciation charges; and the item of “cash or town treasury" includes the cash in the hands of the manager and the available unexpended balance of all appropriations except for depreciation fund, - that is to say, all appropriations, when they become subject to drafts by the manager, are treated as cash. Under the title of "appropriations and overdrafts" are included all those amounts which have been raised by direct ta xation upon the estates in the town for new construction since the inception of the enterprise. When, as has frequently been done, the appropriation has by its terms been applicable, either to construction or maintenance, at the option of the management, only the amount actually expended for new construction and charged to the construction accounts has been treated as an appropriation for construction. While such appropriations are not strictly liabilities, in the ordinary acceptation of the term, they belong in any proper system of accounting on the same side of the ledger as bonds and notes outstanding, and in the returns are for convenience grouped with them under the same designation. CR. MANUFACTURING ACCOUNT. DR. Operating expenses, $15,236 22 Income from sale of light and power, Balance to profit and loss, $12,721 22 2,515 00 CR. PROFIT AND Loss ACCOUNT. DR. Balance June 30, 1909, $2,887 57 Balance of manufacturing account, 2,515 00 Appropriation for maintenance, interest, depreciation, . Interest paid, . 730 00 Depreciation, 1,366 00 Balance June 30, 1910, $2,397 41 660 00 1,366 00 3,075 16 Real estate, $11,184 05 13,551 24 11,942 86 31,699 62 5,466 97 12,288 19 2,387 44 1,994 19 5,582 59 308 09 35 00 120 81 226 20 9 82 329 88 2,759 87 1,768 00 35 00 9,277 37 10,011 59 Total assets, as per books of the plant, Profit and loss balance, $120,978 78 35,280 84 $156,259 62 LIABILITIES. sinking funds, $14,201 81 50,252 59 61,500 00 7,310 00 16,500 00 2,500 00 Interest accrued but not due, $155 83 3,839 39 Total liabilities, as per books of the plant, $156,259 62 CR. MANUFACTURING ACCOUNT. DR. Operating expenses, $18,499 24 Income from sale of light and power, other sources, Balance to profit and loss, 3,807 17 $21,602 61 703 80 $22,306 41 CR. $22,306 41 PROFIT AND Loss ACCOUNT. DR. $39,131 71 interest, depreciation, . Interest paid, . 954 83 Depreciation, 4,655 17 Overdrafts for construction, 2,362 39 Other items, 337 16 Balance June 30, 1910, $3,807 17 455 86 2,708 38 847 50 4,341 51 35,280 84 Real estate, $13,552 42 32,688 94 31,623 85 33,602 06 9,165 95 10,633 56 10,123 39 1,273 41 6,061 98 2,478 00 130 09 21 86 385 08 93 50 990 45 1,984 04 2,058 42 831 40 96 13 28,867 15 Total assets, as per books of the plant, Profit and loss balance, $186,661 68 18,285 34 $204,947 02 |