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<br />~ <br />00 <br />to <br />- <br /> <br />c <br /> <br />16 <br /> <br />Cadit ad <br />Cadit jiemJ <br /> <br />Toward the end c:i. the year a contract was awarded to the Lembke <br />Construction Co. for a new Physical Education Building and an Indus- <br />trial Arts Building, to complete the new High School facilities. <br /> <br />No changes have been made in rates for utilities. An increase <br />was placed in effect in the lease rental rates on approximately 163 <br />expiring leases which were up for renewal on July 1, 1951. <br /> <br />Operating costs and revenues applying to water system and elec- <br />trical distribution system in Boulder City are tabulated against costs <br />and revenues for the previous year. <br /> <br /> Year Ending Year Ending Percent of <br />Costs May 31, 1950 May 31, 1951 Change-over 1950 <br />Water System $ 97,846.35 $ 97,338.57 . 520/0 Decrease <br />Electric System 81, 801. 77 54,142.76 33.810/0 Decrease <br />Revenues <br />Water System 53,923.02 54, 144.92 .410/0 Increase <br />Electric System 161,006.49 169,5'77.65 5.320/0 Increase <br /> <br />Total cash receipts from all sources during the year were <br />$13,132,098.71 and disbursements amounted to $15,463,428.63.. <br />The cash balance on hand at the end of the year was $3, 057, 863. 04. <br />The following summary shows the general types and amounts of cash <br />transactions, and opening and closing balances within the several <br />funds, during the year. <br />