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Home My WebLink About1965-1966.AuditReport.Airport 1� � � � � � � CAPE GIRARDEAU MUNICIPAL AIRPORT BOARD � CITY OF CAPE GIRARDEAU, MISSOURI � � � � � � � � REPORT AND EXHIBITS MARCH 31, 1966 � � � � � � � � HOCHE AND ARKLAGE B � DAVID E. HOCHE CERTIFIED PUBLIC ACCO�JNTANT$ MRMeeRa DONALD 2. BARKLAGE CAPE GIRA�jDEAU� MISSOURI 0�9701 A�+IHRICAN IN$TITUTE OR CLRT�FI6D PUBI.IC ACCOUM'RANTf JERRY L. SCHWAB AC814-lD 4•l011 � � June 9, 1966 � To the Honorable Mayor and City Council � City of Cape Girardeau, Missouri � We have examined the books and records of the CAPE GIRARDEAU MUNICIPAL AIRPORT BOARD, CITY OF CAPE GIRARDEAU, MISSOURI, for the nine-month period � July 1, 1965 thru March 31, 1966 and without making a detailed audit of the � transactions, have examined or tested the accounting records and other supporting evidence of the board, by methods and to the extent we deemed appropriate. As a � result of our examination, we have prepared and present herewith the following � statement: STAT�NT OF CASH RECEIPTS, DISBURSII�NTS � AND FUND BALANCES FOR THE PERIOD JULY l, 1965 THItU MARCH 31, 1966 EXHIBIT A � We have also prepared, in accordance with your instructions, an analysis of the cash operations for the past sixty-nine months. These figures have been � taken from audits for the fiscal years ended June 30, 1961, 1962 and 1963, by � Frank H. Stuart, from audits for the fiscal years ended June 30, 1964 and 1965, by Wm. R. Schott, and from our audit for the nine months ended March 31, 1966. � In accordance with the above, we have prepared and present herewith the followin,g: � STATEMENT OF CASH RECEIPTS, DISBURSEMENTS AND FUND BALANCES FOR THE SIXTY-D1INE MONTH PERIOD JULY 1, 1960 THRU MARCH 31, 1966 EXHIBIT B F'� SZJMMARY OF CASH RECEIPTS FOR THE PERIOD JULY 1, 1960 THRU MARCH 31, 1966 SCHEDULE 1 � � � � � - 2 - f1 Si�1ARY OF CASH DISBURSII�NTS FOR THE PERIOD JULY l, 1960 THRU MARCH 31, 1966 SCHEDULE 2 � SUNJMARY OF CAPITAL OUTLAY FOR THE PERIOD � JULY 1, 1960 THRU MAR.CH 31, 1966 SCHEDULE 3 _ Our examination, to the extent hereinafter described, was directed princi � pally toward the verification of the cash receipts and disbursements of the board, � and did not embrace the checking of invoices or prices paid for materials or services rendered the board with bids rece ived. � The fund balance at March 31, 1966, a deficit of $148.99, as set forth on � Exhibit A, was composed of cash in bank and cash on hand, as follows: Cash in First Nationa.l Bank, checking account $ (157.56) � Cash on hand 8.57 $ (148.99) � The cash in bank was reconciled and verified by certificate received directly from � the bank. Cash on hand was a check from Southwestern Bell Telephone Company for pay telephone booth commission. � All receipts, as recorded in the cash books, were traced into the bank � account of the board, and were substantiated by examination of copies of remittance advices, pay vouchers, etc. to the extent we deemed appropriate. � All disbursements, as recorded in the cash books, were traced to warrants, � which were supported by invoices and/or statements, covering all disbursements. Authorization of disbursements, by item, was not a part of the minutes of the � board. � In accordance with your request, we have made a diligent search and study of the records and believe that the following schedule presents fairly the � actual fund position of the board at March 31, 1966, upon conversion from the � cash basis to the accrual basis method of accounting. � � � � - 3 - � � Cash balance, March 31, 1966 (deficit) $ (148.99) � Accounts receivable, March 31, 1966: Ozark Airlines, two months' rent $ 150.00 � United States Treasury Dept. : United States Navy, one month's rent 300.00 Federal Aviation Agency, one month's rent 221.75 � 671.75 � $ 522.76 Accounts payable, March 31, 1966 (by classification) : Insurance $ 242.00 � Repairs 391.04 Supplies g,27 � Utilities 348.16 Janitor's salary 74,87 Travel expense 400.00 Tinting windows 467.20 �- Mus ic progrananer rent 20.00 Pest control service 12.00 � Towel service 6.00 k Window shades 22.14 Reimbursement of expenses, � Limbaugh, Limbaugh & Russell 219.01 I 2,211.69 ,� Prepaid income and expense, March 31, 1966: S (1,688.93) Cape Central Airways, Inc.: April rent received in Ma.rch $ 700.00 j Ma.intenance payment for April paid in Ma.rch 300.00 � 400.00 Net deficit position of fund upon conversion � to accrual basis, March 31, 1966 $ (2,088.93) � The audit report for the fiscal year ending June 30, 1963, per Schedules 1 and 2, shows a temporary loan of $18,000.00 from the City of Cape Girardeau, and a repay- I� ment of $15,000.00 to the City of Cape Girardeau, a difference of $3,000.00 that � apparently has never been repaid. '"� We did not include the above schedule, prepared on the accrual basis, as � a separate exhibit or schedule as it is not consistent with the method of account- ,� ing used by the board. � � � � - 4 - � In our opinion, the accompanying statements and schedules, prepared on the � cash basis, present fairly the fund balance of the Cape Girardeau Municipal Airport � Board, City of Cape Girardeau, Missouri, at March 31, 1966, and the cash receipts and disbursements for the sixty-nine month period then ended, subject to paragrapn � two, page one, in conformity with generally accepted accounting principles applied � on a basis consistent with that of the preceding years. � /� " �'"'" � � � � � � � � � � � � � � � � � � EXHIBIT A CAPE GIRARDEAU MUNICIPAL AIRPORT BOARD CITY OF CAPE GIRARDEAU, MISSpURI � STATEMENT OF CASH RECEIPTS, DISBURSEMENTS ` AND FUND BALANCES FOR THE PERIOD � JULY 1, 1965 THRU MARCH 31, 1966 � BALA.NCE, JULY 1, 1965, per previous audit (Bank overdraft) $ (81.06) ADJUSTMENT: � Outstanding checks, per books, never cleared bank: � Number 1163, issued May 20, 1964 for insurance $ 36.00 Niunber 1171, issued June 8, 1964 for supplies 31.96 67.96 � ADJUSTED BALANCE, JULY 1, 1965 $ (13.10) RECEIPTS: � Rental: Ozark Airlines (paid thru January, 1966) $ 600.00 Cape Central Airways (paid thru April, 1966) 7,500.00 � Farm rent 311.57 United States Treasury Department: United States Naval Reserve � (paid thru Feb. , 1966) $ 2,700.00 Federal Aviation Agency (paid thru Feb. , 1966) 1,995.75 � Easements 2.00 4,697.75 Total rental income $ 13,109.32 � Pay telephone receipts 45.73 13,155.05 � TOTAL CASH AVAILABLE $ 13,141.95 DISBURSEMENTS: � Janitor's salary $ 1,222.40 Less payroll deductions 40.22 $ 1,182.18 � Supplies 337.32 Repairs 568.09 Music programmer rent (paid thru February, 1966) 160.00 � Insurance 520.00 Utilities 4,412.25 Pest control services (paid thru January, 1966) 96.00 � Maintenance payments, Cape Central Airways (paid thru April, 1966) 3,300.00 Audit fee 87.50 � Reimbursement of expenses paid by Li.mbaugh, Limbaugh & Russell 153.69 Payroll taxes, Janua.ry 1, 1960 thru March 31, 1966 682.85 � Penalties and interest on payroll taxes 249.84 Travel expenses of board members in connection with trips to Washington, D. C. and Kansas City, � Missouri, account airport expansion 1,496.22 Trash hauling 20.00 Purchase of used rotary mower 25.00 � 13,290.94 BALANCE, MARCH 31, 1966 $ (148.99) � � � EXHIBIT B � � � � � CAPE GIRARDEAU MUNICIPAL AIRPORT BOARD CITY OF CAPE GIRARDEAU, MISSOUR.I � STATIIKENT OF CASH RECEIPTS, DISBURSEMENTS AND FUND BALANCES FOR THE SIXTY-NINE MONTH � PERIOD JULY 1, 1960 THRU MARCH 31, 1966 � Cash balance, Receipts, per Disbursements, Cash balance, beginning Schedule 1 per Schedule 2 ending � Fiscal year ended June 30, 1961 $ (15.55) $ 9,018.33 $ 6,581.40 $ 2,421.38 Fiscal year ended June 30, 1962 2,421.38 10,021.74 11,455.50 987.62 I Fiscal year ended June 30, 1963 987.62 52,593.89 52,833.06 748.45 IFiscal year ended June 30, 1964 748.45 10,351.30 11,039.77 59.98 Fiscal year ended June 30, 1965 59.98 10,503.05 10,644.09 (81.06) Nine months ended March 31, 1966 (81.06) 13,223.01 13,290.94 (148.99) ' Summary $ (15.55) $ 105,711.32 $ 105,844.76 $ (148.99) Rents: Ozark Airlines Cape Central Airways Farm rent United States Treasury Department: Naval Department Federal. Aviation Agency Tower easement Total rents Other receipts, Insurance recoveries Insurance refund State Highway Department right-of-way Pay telephone Salvage on blowers U. S. Government - Federal airport aid project payment Temporary advance - City of Cape Girardeau Write-off of outstanding checks issued in May and June, 1964, never cleared bank TOTAL RECEIPTS, carried to Exhibit B SCHEDULE 1 CAPE GIRARDEAU MUNICIPAL AIRPORT BOARD CITY OF CAPE GIRARDEAU, MISSOURI SUMMARY OF CASH RECEIPTS FOR THE PERIOD JULY 1, 1960 THRU MARCH 31, 1966 $ 8,216.88 $ 9,971.63 $ 10,049.72 $ 9,567.98 $ 10,454.95 $ 13,109.32 $ 61,379.48 - - 1,360.54 609.46 - - 56.60 - - _ _ 720.00 - - - - 24.85 50.11 29.09 34.71 48.10 45.73 - - - 125.00 - - 23,154.54 14.15 - - 18,000.00 - - - - 67.96 $ 9,018.33 $ 10,021.74 $ 52,593.89 $ 10,351.30 $ 10,503.05 $ 13,223.01 1,970.00 56.60 720.00 232.59 125.00 23,168.69 18,000.00 67.96 $ 105,711.32 Nine months -- - - - -- - - - - -- Fiscal year ended -_- __ __ _---___ ended June 30, 1961 June 30, 1962 June 30, 1963 June 30, 1964 June 30, 1965 March 31, 1966 T 0 T A L $ 143.37 $ 1,956.63 $ 900.00 $ 900.00 $ 1,035.29 $ 600.00 $ 5,535.29 2,400.00 2,200.00 2,600.00 2,400.00 2,600.00 7,500.00 19,700.00 232.51 374.00 357.06 306.98 257.66 311.57 1,639.78 3,600.00 3,600.00 3,600.00 3,300.00 3,900.00 2,700.00 20,700.90 1,841.00 1,841.00 2,592.66 2,661.00 2,662.00 1,995.75 13,593.41 _ - - - - 2.00 2.00 $ 8,216.88 $ 9,971.63 $ 10,049.72 $ 9,567.98 $ 10,454.95 $ 13,109.32 $ 61,379.48 - - 1,360.54 609.46 - - 56.60 - - _ _ 720.00 - - - - 24.85 50.11 29.09 34.71 48.10 45.73 - - - 125.00 - - 23,154.54 14.15 - - 18,000.00 - - - - 67.96 $ 9,018.33 $ 10,021.74 $ 52,593.89 $ 10,351.30 $ 10,503.05 $ 13,223.01 1,970.00 56.60 720.00 232.59 125.00 23,168.69 18,000.00 67.96 $ 105,711.32 Janitor's salary Less: Payroll deductions Net salary Supplies Repairs Insurance Accounting and legal Utilities Little River Drainage District Advertising Music programmer rent Maintenance payments Travel expenses in connection with airport expansion Taxes, payroll Penalties and interest on delinquent taxes Snow clearing Employee loans and repayment of loans Miscellaneous expense Drainage improvement Capital outlay, per Schedule 3 Repayment on temporary advance - City of Cape Girardeau TOTAL DISBURSEMENTS, carried to Exhibit B SCHEDULE 2 CAPE GIRARDEAU MUNICIPAL AIRPORT BOARD CITY OF CAPE GIRARDEAU, MISSOURI SUMMARY OF CASH.DISBURSEMENTS FOR THE PERIOD JULY 1, 1960 THRU MARCH 31, 1966 - - 15,000.00 - - - 15,000.00 $ 6,581.40 $ 11,455.50 $ 52,833.06 $ 11,039.77 $ 10,644.09 $ 13,290.94 $ 105,844.76 Nine months -- - - - - - - - - - - - Fiscalyearended -------- - - - - -- ended June 30, 1961 June 30, 1962 June 30, 1963 June 30, 1964 June 30, 1965 March 31, 1966 T 0 T A L $ 1,682.41 $ 1,475.00 $ 1,778.76 $ 1,655.00 $ 1,597.50 $ 1,222.40 $ 9,411.07 42.89 37.70 52.64 48.88 46.90 40.22 269.23 $ 1,639.52 $ 1,437.30 $ 1,726.12 $ 1,606.12 $ 1,550.60 $ 1,182.18 $ 9,141.84 519.74 57.99 829.57 623.55 537.84 337.32 2,906.01 127.11 1,627.56 3,914.05 3,177.29 2,112.10 568.09 11,526.20 - 985.45 2,108.41 700.56 1,473.59 520.00 5,788.01 - - 480.43 75.00 87.50 87.50 730.43 3,091.30 5,102.24 5,279.81 4,214.65 4,139.02 4,412.25 26,239.27 - 568.81 265.85 279.09 279.09 - 1,392.84 - - 484.28 124.08 - - 608.36 - - - - - 160.00 160.00 - - - - - 3,300.00 3,300.00 - - - - - 1,496.22 1,496.22 - - - - - 682.85 682.85 - - - - - 249.84 249.84 - - - 99.93 - - 99.93 (112.02) - 25.00 - - - (87.02) 141.00 34.50 134.00 139.50 464.35 269.69 1,183.04 292.00 - 2,7.55.09 - - - 2,547.09 882.75 1,641.65 20,330.45 - - 25.00 22,879.85 - - 15,000.00 - - - 15,000.00 $ 6,581.40 $ 11,455.50 $ 52,833.06 $ 11,039.77 $ 10,644.09 $ 13,290.94 $ 105,844.76 P1 � SCHEDULE 3 � � � CAPE GIRARDEAU MUNICIPAL AIRPORT BOARD � CITY OF CAPE GIRARDEAU, MISSOURI � SUNIl�fARY OF CAPITAL OUTLA.Y FOR THE PERIOD JULY 1, 1960 THRU MARCH 31, 1966 � CAPITAL OUTLAY, FOR THE Y�AR ENDED JUNE 30, 1961: Floor cleaning machine $ 200.00 � Counter for F.A.A. office 133.50 Architect and abstract fees 549.25 $ 882.75 1 CAPITAL OUTLAY, FOR THE Y�AR ENDED JUNE 30, 1962: Gas conversion burner $ 1,218.00 � Installation of gas line 333.85 Draperies 89.80 � 1,641.65 CAPITAL OUTLAY, FOR THE YEAR ENDED ,JUNE 30, 1963: Ha.ngar roof $ 16,872.00 I Shop building roof 614.20 Cabinets 247.62 Engine heater 296.40 Heating installation 1,959.00 Hot water heater and installation 212.98 Power mower 128.25 20,330.45 CAPITAL OUTLAY, FOR THE DTINE MONTH PERIOD ENDED MARCH 31, 1966: Used rotary mower 25.00 TOTAL CAPITAL OUTLAY FOR SIXTX�NINE MANTH PERIOD, carried to Schedule 2 $ 22,879.85