(Published in The Norman Transcript August 20, 2015, 1t) TOWN OF ETOWAH (FISCAL YEAR 7/1/2015 6/30/2016) BUDGET SUMMARY Total Assets: $24,791.79 Total Liabilities: $0.00 Total Equity $24,791.79 Total income general fund: $800.29 in 2014 and $571.00 proposed in 2015 Total expenses general fund: $373.60 in 2014 and $3,680.00 proposed in 2015 Reserve, general fund: in 2016 the proposed reserve is $5,073.93 Total income street and alley: $1680.42 in 2014 and $780.00 proposed in 2015 Total expenses street and alley: $0.00 in 2014 and $200.00 proposed in 2015 Reserve, street and alley: in 2016 the proposed reserve is $7,788.86 Sinking funds needs as required by Title 62 O.S. Section 431 are as follows: 1. The Town of Etowah does not have any outstanding bonds, indebtedness, or unsatisfied judgments for the year 2014 2015. 2. There is no bonded indebtedness of the Town of Etowah coming due prior to April 1, 2015. 3. There are no liabilities for interest accrued on outstanding bonds of the town of Etowah prior to April 1, 2016. 4. There are no amounts owed for interest payable against any bonds for tax levy purposes. 5. There is no amount owed for interest accrued but unpaid on any unsatisfied judgments within the ensuing fiscal year. The sum, after reserving from cash and investments on hand for bond and bond interest accruals and judgment remains due and unpaid, and in case less than 1/3 of such judgment remains due then for the entire amount of such judgment yet remaining and unpaid is $0.00.
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