Account Title Debits Credits

Cash $ 110,000
Taxes ReceivableDelinquent 470,000
Estimated Uncollectible
Delinquent Taxes $42,500
Interest and Penalties
Receivable on Taxes 23,690
Estimated Uncollectible
Interest and Penalties 1,304
Vouchers Payable 394,000
Due to Other Funds 13,000
Fund BalanceAssignedGeneral Government 30,560
Fund BalanceCommittedPublic Safety 15,200
Fund BalanceCommittedPublic Works 28,300
Fund BalanceUnassigned 78,826
Totals 603,690 $ $603,690
CITY OF BINGHAM
General Fund Post-closing Trial Balance
As of December 31, 2013
General Ledger
Account Title Debits Credits
Cash $1,090,000
Taxes ReceivableDelinquent Estimated Uncollectible 554,000
Delinquent Taxes $98,500
Interest and Penalties
Receivable on Taxes 31,290
Estimated Uncollectible Interest and Penalties 2,064
Land 1,100,000
Improvements Other than Buildings 9,000,000
Accumulated DepreciationImprovements
Other Than Buildings 2,100,000
Infrastructure 29,190,000
Accumulated DepreciationInfrastructure 11,280,000
Buildings 9,300,000
Accumulated DepreciationBuildings 2,100,000
Equipment 7,600,000
Accumulated DepreciationEquipment 3,664,000
Vouchers Payable 394,000
Accrued Interest Payable on Long-term Debt 360,000
Internal Payables to Business-type Activities 13,000
Current Portion of Long-term Debt 600,000
6% Serial Bonds Payable 11,400,000
Net PositionNet Investment in Capital Assets 25,046,000
Net PositionRestricted for Debt Service 654,840
Net PositionUnrestricted 152,886
Totals $57,865,290 $57,865,290
CITY OF BINGHAM
Governmental Activities, Government-wide Level
Post-closing Trial Balance
As of December 31, 2013
City of Bingham
General Fund
Operating Statement Account Balances
For year 2014
Estimated
Revenues
Dr(Cr)
Revenues
Cr(Dr)
Unrealized
Balance
Dr(Cr)
Acct 3/4020 Property Taxes $6,000,000 $6,012,700 ($12,700)
Acct 3/4030 Sales Taxes 250,000 251,000 ($1,000)
Acct 3/4040 Interest and Penalties on Taxes 44,000 42,010 $1,990
Acct 3/4050 Licenses and Permits 477,000 478,200 ($1,200)
Acct 3/4060 Fines and Forfeits 603,000 610,700 ($7,700)
Acct 3/4070 Intergovernmental Revenue 500,000 500,000 $0
Acct 3/4080 Charges for Services 360,000 372,400 ($12,400)
Acct 3/4090 Miscellaneous Revenues 125,000 125,500 ($500)
Total Estimated Revenues $8,359,000
Appropriations:
Acct 5/6/7020 General Government $1,510,000
Acct 5/6/7030 Public Safety 3,370,000
Acct 5/6/7060 Public Works 1,450,000
Acct 5/6/7070 Health and Welfare 965,000
Acct 5/6/7080 Culture and Recreation 770,000
Acct 5/6/7100 Miscellaneous 95,000
Total Appropriations $8,160,000
Estimated Other Financing Uses:
Inter fund Transfers Out $90,000
Difference in Revenue and
Expenditure
$109,000
The Honorable Mayor, City Council, and City Manager, City of Bingham
We have audited the accompanying financial statements of the governmental activities, the business- type
activities, each major fund, and the aggregate remaining fund information of the City of Bingham (State), as of
and for the year ended December 31, 2013, which collectively comprise the Citys basic financial statements as
listed in the table of contents. These financial statements are the responsibility of the City of Binghams
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing
the accounting principles used and significant estimates made by management, as well as evaluating the overall
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, the business-type activities, each major fund, and the aggregate
remaining fund information of the City of Bingham (State), as of December 31, 2013, and the respective changes
in financial position and, where applicable, cash flows thereof for the year then ended in conformity with
Rationale for audit report (unqualified) - copy from Illustration 12-2