The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1915-10-18

the plant. III an allowance or compromise Is
made to satisfy a consumer, such settlement
should be approved by one or all the commits
sioners. and If the allowance is made by one
commissioner the rebate slip should be ap-
proved by said commissioner, II The allowance
is made by the commissioners sitting in ses-
Ion, one approval of the commissioner is suf-
fcient The city clerk can approve, showing
The date of the allowance as approved by the
commissioners in session. This amount Of the
rebate should then be entered In the consumers
accounts on the consumers ledger. in the re-
bate column and applies as a c"edit 10 the
consumers account. Al The emu 81 the
month in which the rebate is allowed, an sn-
,ry should be made in the General Jou nal
and posted to the General Ledger, charging the
rebate back to the earnings OF the plant and
crediling to accounts receivable. IL there be
more than one rebate during The month, his
entry should cover all of the rebates. and each
rebate should be listed in the entry The same
remarks apply to taxes when related except
the amount Of the rebate should be CHARGED
back RECIPES. taxes and accounts receiv
able Taxes be credited.
Each month. entries should he made in the
General Journal covering the monthly charge
for insurance and the interest accrung during
the month, These entries have been outlined
in the General Journal.
After the entries have been made in the
General Journal each MONTH the amounts
en;ered should be posted to the separate ac-
counts in the General Ledger. and a trial bal
ance taken in order TO prove the correctness
of the work Such trial balance Is shown
in Schedule No. AZ After this trial balance
is taken of and proved 1.-THE debts should Of
course. equal the credits The amounts that
can be proved with the detail accounts. should
he checked against them. For instance the
amount shown on the trial balance ~ the
balance Of accounts receivabe-electrie. should
agree with the total Of outstanding consumers
accounts ON the consumers ledger-eectric.
The amount shown the balance of accounts
receivable--water, should agree with the total
of outstanding consumers accoun,' on the
consumers ledger The amount SHOWN
as the balance of accounts receiyabe--taXes
should agree with the amount of outstanding
taxes as per tax rolls. The amount OF cash
as shown on the trial balance for the separate
funds should agree with the reconciliation WIN
he bank. as explained above The amount OF
the balance on the trial balance Tor accounts
payable general fund. should agree with the
,tal Of the amounts due individuals and firms
per the accounts payable ledger
/ The general ledger for the city has been
started and has been put in operation, I'm
Guiding the entire business of the city from
January 1. 1910 All entries as explained
have been made for each month from mat date
and no difficulty should be experienced III me
keeping of the system as outlined herein, All
instructions herein quoted have also been given
verbally and with example to the men now
employed to handle the financial details OF the
, city.
good accountant should be permanently en-
ploN ed hy the city to handle its accounts rms
; suggestion is of vital Importance 10 the city
and it IL absolutely necessary IN order to carry
out the system as installed Neither Of TN
men now employed by the city are bookkeenerS.
I | md consequently are entirely unfamiliar VIII
9 double entry bookkeeping No set of books o.
e tsysem. however good IN itself Is of any Na't'
! without good accountant To handie ~ ah'
unless such man Is employed, the time an'
money spent In installing this system !
b | wasted This accountant should in no way b
u affected by politics or changing administra
: tions
:, As shown in the revised statement Of earn
n ,ngs Of the Electric Light and Water ran
G the interest on that part OF the bohns useu IL
the plant has been deducted from the earn
h ings of the proper department. The none
N used for the purchase of the plant ana eN
e tensions made thereafter was oh'nlheu 'to,
" the sale Of bonds. The interest on these hoh
n should be paid from the earnings OF the pia'
,e and not from the funds obtained by taxation
m This does not differ from privately owne
l. plant and should be handled In the sam
lie manner. It is highly important that ,nS ~ u.
d terest on that portion of the bonds issued I,
II account Of the Light and Water Plants he PAL
ID by che Light and Water Funds ana uedur,t
ut from the earnings of these plants thieSS III
I'd is done the net results Of the operations
III Inc planN will be false and misleading. IT
A. commissioners Tor other executives VIII 1T
ID know the true conditions OF the earnings " u
y lplants The taxpayers may he compenea
n nav exorbitant taxes which will strange u
- growth of the city II the commissions
~ really knew the plants were not making
,s proft they would naturally wish to remedy a
ne p'' , 49, ~, ,,n,n,in,, IN secure new custom
IN tairs eitier ny "'''i'p'''s w o. ,,,,, on.r.
" etS ny ne" ""N''' 49, ,,,ui,. nnssib
he ing expenses ny r'I"'ouH w .,,,,nnd.
OF securing "nre t''' ~" 49, No. . ,,ut ~
re | tSupposing me 'aui. WHY mo- ',tr II
r. so't a'SP"sn'E ", " ,snr, ~ tho ron,mi
It's therefore absolu'eiy NECESSARY ~, ,rnner,y a,
es siones' wish 10 AMY ''n'"ho ~ ,hni tbn !,
70 counting methods followed he thorough Al
he wen ADMINISTRATORS so .,.., :,
II II these plants were "Wh'" ny p',"a' a,
II" divduals taxes wouid ne 'c'l'" ,h' ~ ~,
NJ property: as they are no" W." , w aoos /,
u. no taXdS are ohtahtu rum ~, MIN ar 4
- city pay awning ior suue' ne 70 iii. nro
in lighting Of any Of its buildings u t.,s P'o
he erty were not owned by the Guy ''e "
40 would receive taAes ""' ,,,,ian,.. Win 20
n lights used Il ~ Ut ''''' ,axao
accounting principles, thal .htsc
W. LEVIED against the plant anu u'a' Wv r
90 charge the Guy i"t ny Wv , ,,iar, thc MIA
ue water furnished i"' WIN" ~ 10 nat ,yo
u. ON ITS own iee' anu AZ ~ 49, m. nmo,u
nv any hardship on i"e Wy a., -, wnnld
by charged and credited ny 'hc wy WIZ" q,
,es taken care OF on 'ne "ooHs
ny the cash FUNDS. ,, a,.,.ma
ne II will be noted on me rcN,s." p,a",s II,
ne of earnings oi the Light anu y" 10 hear ma
on a deduction OF per oe'I The ary
en to cover depIe''a',o'i oa ~. ~ n,anized In or,
~ ment IL simple anu hius, w ,,,a reaI not q,
AL 10 obtain an accurate idea OF me reai Ho' ..
ON Mus Of the properties operaed NJ ',".
rna now much uI,.', ,na ord,nary wear and t,
Ia properues r"'.',s ~, ar,. and no matter h
n,s anu ,,''"a' ,,,' 10 m,iutained there nat,
~ ~ well the machinerS - 4. T., innossibIe tn
his ally comes time when u ~ imposs'ni. y"
pair the machihe anu -. ,.ntI and nimp
nv Is a'So very Hu' ''" -, ,,ar a cert