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Home My WebLink About1970-08-11 Special Meeting District No. 2COUNTY SANITATION DISTRICTS OF ORANGE COUNTY, CALIFORNIA 10844 ELLIS AVENU E , P .O. BOX 8 127. FOUNTAIN VA LLEY. CALIFORN IA 9 2 708 August 5 , 19 70 NOTI CE OF SP ECI AL MEETING DISTRICT NO . 2 Tues day , 5 :30 p .m., Aug us t 11 , 1970 10844 Ellis Av enue Fountain Vall ey , Californ i a Gentlemen : I am c alling a sp ecial meeting of the Board of Directors of County Sanitation District No . 2 at the above hour and date to cons id e r the following : a . Report of the Dire ctor of Finance on fin ancing requireme nts for Dis tr-lc.:t 1 s faci l ities b . Con s i deration of 1970-71 fiscal y ear budget T ELEP HONES: AREA CODE 714 540-29 10 962-24 11 x z=~ rk-- Chai.rman {:7 JWS :gc II II M ANAO:Z~'Z A~S~DA h~~Oil1 Courti:y San ifot ion Di sir icis of Orange Cou nty, Californ ia DISTRICT NO. 2 Special Meeting Tu es d ay, August 11, 1970 5 :30 p .m. (Agenda and No t ic e mai led August 5) P. 0 . eox 5!75 10844 Ell is Avenue Fountain Valley, Calif., 92708 T olephoncs: Arca Code 714 5 4 0-2910 962 -21~11 Au g ust 7, 1 970 fi~enda Items Nos . 5 and 6 -1970-71 Bu dget : As is stat ed in Ch airman Just 's c all for this special meeting, the only business to be t aken up is c onsideration of the District 's budget r equirements f or the current fisc a l year. I t will be r ecalled that at the June 30 adjourned me e ting the re was a d i s c ussion of the possibility of an increase in the District 's tax r ate to provide funds for ma j or con- struction programs comm encing this year . A t that mee ting the s t aff was directed to submit further informa tion a f ter the District's assessed v a lua tion was :known . Pre l iminary assessed valuations are now avai lab l e which indicate tha t District No . 2 1 s total valuation will increase 14 .6 %. Attache d t o the Dist ric t 's budget material, f orwarded to the Directors on August 5, are three sepa rate c ash flow statements for the n ext five ye ars , the first with no increase in tax rate , the s e cond w:L th a 2¢ increase and the third with a 4¢ i nc r ease . In v iew of the unexpecte d incre ase in the assessed valuation, it was felt unnecessary to prepare a statment with a 6¢ increase as discussed previously . Th e budget requirement ma terial mailed was prepared showing n o increase in the tax r a t e but if a decision is made as to wh at increase , if any , should b e made, the requi rements as submitted can be amended accordingl y . Fre d A. Ha rp e r Gen e r a l Manager II BOARDS OF DSRECf'ORS County Sanitation Dis tricts of Orange County, California DISTR ICT No. -ia 2 SPECIAL MEETING Au gust 11, 1970 -5 :30 p .m. ( 1) Roll Call (.4) (5) (6) (7) Report of the Director of Finance on financing requirements for District's facilities Consideration of 1970 -71 fiscal year budget . See attac he d . e 1 I Cd I Consideration of motion to adjourn P. 0. Box 5175 10844 ~llis Avenue Founta in Valley, Ca lif., 92708 AGE NDA -----·-- Meeting Date JOINT BOARDS Culver Arbiso Baum Berton Christie Clark Davis _ Dutton Finnell Gibbs Green Gris et Harvey Herrin Hirth Hyde Just --- Mc Innis McWhinne_y __ Miller Pars ons Porter Rogers Shipley Sims Smith Wedaa Winn Hirst e in ---All e n Mitchell ---Boyd OTHE RS Harper V Brown i/ Sylvester v Carlson C 1 ar ke --;:;;-'/'- Dunn Fins ter ---Gal loway ---Ho hene r Keith --- Lowry Maddox Martins on \/', Niss on Piers aJ.l Sigler --- Steve ns Tremblay Cr ab b --- ~ 1JJR 8.4fKZ DISTRICT 8 Mit chell Boyd Allen 7/8/70 gc Lewis Hogard Westra Root Magnus Bousman Pebley Gomez Shipley Herrin Kanel Gris et Croul Kroes en Harper Hirth Coco Hirth Coen Zuniga Hileman Machad o Schniepp Allen Phillips . . Goldberg Go ldb erg Phillip s -·------···---_______ .,.._ 5:~o fj Time ...J District No . __.OC~----- Type of Meeting S ~c.\ a\ DISTRICT 1 Gris et Miller Porter Allen -- DISTRICT ·2 Just / ~g/ C 1 ark ----::::r---Culver ,,;- Herrin . Coco Phillips Harper Root Magnus 1h.l..t-t-en ~ Peb-3:-ey ~~Be me-z errirl' --r Gris et ~ --o::-r J> Z.B:a-i-g-a- Smi th ---;::::;-Hileman Wedaa --v-Machado Wi·nn v Schniepp Allen v Phillips DISTRICT 3 Culver Arbiso Baum Berton -- Christi_e __ Clark Davis Dutton Green Harvey Herrin Hyde -- Just McWhinney- Sims Allen -- DISTRICT 5 Parsons Hirth Allen DIS TR ICT 6 Porter Mc Innis Allen DISTRICT 7 Lewis Hogar d Westra Root Mag n u s Bo usman Pebley Ship ley Kanel Gr is et Kroes en Harper . Zuniga Phillips Croul Phill ips Hirth Phi llip s Mille r Coco Gri s et Herri n Porter .Roge rs Hirth Smith Hil eman Hir stei_n__ Allen DI STRICT 1 1 Shipley Co en Gibb s -- All e n Phil lips ,/ .; ,/ / 7 COU~JTY SAftllTATION DISTRICT NO. 2 OF ORA~JGE COUNTY I 9 7 0 -· 71 F I S C A. L YE A I~ .. COUNTY SANITA.TION DISTRICT No. Z BUDGET R ECOMfvl Et\J Dt\TIONS l 'J10 /11 r~=ATM~NT f:'/../.NT exP1tN~10f'I ~ . aurrALL Na, 2 BUDGETE.D '11-1 Ot 51KtC.r F'JtCtt.1 1/E~ EXPANO JO.V . 1.4c DO LL.l\R TOTAL RE.QUiREMENTS 'JZ1 180,861 FISCAL YEAR ' .. .· CARR Y .. (i VEi{ 4 ~f5c ~V£. '· ~z ·-,, SOU RCE OF BU DGETED REV EJ~UE DOLLt)fi ACC IJ/.Al,,//.AUO Cl-.P 17A·/.. ~IJ 1/..fr PWIO $,1!. Tl\){ REV El\l UE DOLL/\H TOTAL t 1MOUf·!T T 0 8 E R t\ ! S E D 8 Y Tl\:·'. ES t :1 70q 0 1.3 I TOTAL AV1-\ILJ:i.8LE / I Z, 7$01 arc1 \...._,.," ( COUNTY SANITATION DISTRICT NO. _2_ 9251 900 875 (/) 850 0::: <i:825 _, _, 0800 0 lJ.. 77 5 0 750 V> 2 725 0 :l100 ~ 675 650 625 ~ 66 fil 67 68 FISCAL ( I . §.2 69 70 YEAR / 1Q 71. TOTAL ASSESSED VALUATION 56 54 52 (/) 50 ._ 48 z LI.I 46 'u 44 42 40 38 ' 66 TREN·o OMARTS t965/66 'TH ROUGH 11970/11 I I I I 66 ft 68 ~ -67 68 69 70 FISCAL YE AR TAX RATE I .;.1Q.· ..... , 71 . . J .~:· ; 1'3 ; ~2 "• (/) . c:i1 ,, . c:z: : . ..J ' J ... 1p .. 0 ·, ' 0 . 9 . LL 0 8 . ~ ;7.; .0 \ ~ .:6 , ...J ' -·· ·~ 65 .. ~. 66 BUDGETED REQUIREMEN ... / ,) " /· / CASH EXPENSE_ -i __ _ _...4----~-,..- --· 7 67 68 ~ 70 !! 71' FISCAL TOTAL BUDGET a EXPEMOITURES COUNTY SANITATIOt~ DISTR1c·r BUDGET RECOMMENDATIONS 19 7 0 I 71 FISCAL YEAR NO.g__ Pre lim. Re v . 7-24 -70 7 -29-70 1970/71 ESTIMATED ASSESSED VALUATION 1970/71 EST. A .V. ADJUSTED FOR 5 %0ELINQ. 1970/71 EST. TAX RATE PER $100 OF A.V. ONE CENT IN TAX RATE . \'JILL RAISE $91 3 _,8 33,8 30 $868 , 142 ?.139 $ .4261 SU~!. MARY DESCRIPTION CR ACCOUNT TITLE R>«JIREMENTS - APPROVED BUDGET 1968/69 APPROVED BUDGET 1969 /70 RECO MM EN DE D BUDGET 1970/71 Opera ting Fund 1,073,454 l,2?5;6 14 .1,240 ,836 Bond and ·I nteres t Fund -195 1 1 21 ,725 1 20 ,206 118 ,688 ·Bond and I n t e r es t Fund -1958 1 , 05 3, 050 · 1, 015 , 250 1, 037 , 450 Ac .c·umul a ted Cap ital Outl ay Fund 6 ,584,.877 7 ,860,363 l 0 ,383 ,887 . TOTAL REQU I REMENTS 8,833,106 10 ,22 1 ,433 12 ,780 ,861 F UNDS AVAI LABLE JULY 'l Ca r ry-Ove r (C~sh & Investments) 5,344,907 6 ,383 ,623 7 ,865 ,097 $ 86 ,814 .Othe r R~venue and Transfers 49 r,362 604,683 1,21 5 ,751 1--~--=-~~-1-~~~~~-1---=---'"'--~--I TOTAL FUNDS AVAILABLE 5~836,269 6,988 ,306 9;080 ,848 1--~~~~-1-~~~~~-1--~~~~-1 DI STRICTS REQUIREMENTS TO BE RAISED BY TAXES -2,996 ,837 l===========i===========:t===========I 3 ,233,127 3,700,013 TAX RATE Actual Actual Es t'd . Op"erating Fund .0706 .0705 .0452 Bond and Interest Fund -1951 .008 6 .0079 .0069 . Bond and I nterest Fund -1958 .0656 .0749 .0659 . Accumu l ated Capital Outlay Fund · • 2815 . 2728 • 3081 1--~~-=-~-~~~~~~+-~~~~--f TOTAL TAX RATE .4263 .4261 .4261 COUNTY SANITATION DISTRICT BUDGET RECOMMENDATIONS 1970/71 FISCAL YEAR NO. 2 -- Prelim. 7-24-70 Rev. 7-29-70 .19 70/71 ESTIMATED ASSESSED VALUATION $913, 833, 830 1970/71 EST. A.V. ADJUSTED FOR5 %DELINQ. $868,1424139 1970/ 71 EST. TAX RATE PER $100 OF A.V. $ • 0 52 FUND #2 OPERATING ONE CENT IN TAX RATE WILL RAISE $ 86,814 DESCRIPTION OR ACCOUNT . TITLE OPERATING Mrectors Fees Contractual Services Sha~e qf Joint Operating. Trunk Maintenance Pump Station Maintenance Connection Administration Inter-Dist. Sewer Use Chg. Bond Collection Expense Tax Collection Expense Utilities Professional Services Printing and Publication Membership Travel & Meeting--Directors' Mileage · Total Operating NON-OPERATING Interest .· _penses. Applicable to ~rior Years ' APPROVED BUDGET 1968/GS 9,750 602,319 25,000* 7,000* JOO lj500 1,500 3,500 10,000 700 400 661,969 7,000 APPROVED BUDGET 1963/70. 11,400 697,659. 30,000· 8,500 300 1,500 1,600 3, 500 . 10,000 700 450 765,609 4,800 RECOMMENDED BUDGET. 1~70/ ?! -- ··11· 400 , 682,557 30,000 8,500 24,ooo 2:,000 1,200 1,600 3,500 10,000 500 700 600 776,557 1,500 ~- 2, 500 Total Non-Operating 7,000 4,800 ~.~...;....::;__~-4--~~~~·~~-!:-----f 4,ooo TOTAL OPERATING & NON-OPERATING 668,969 770,409 UNAPPROPRIATED RESERVE AUTHORIZED GENERAL RESERVE TOTAL REQUIRE:M:ENTS LESS: CASH CARRY-OVER & REVEJ>J""UE Funds Available July 1 Budgeted Requirements 69-70 Actual Expenditures 69-70 Allowance for Accruals, Other Income and Transfers CARRY-OVER (CASH & INVEST'S) Delinquent Taxes Interest & Misc. Receipts ~rOTAL CASH & REVENUE AMOUNT TO BE RAISED BY TAXES .70,000 334,485 70,000 385,205 1,073, 454 1,225' 614 525,:)24 lS.,ooo 30,000 573,524 499,930 22,000 40,000 685,674 539,940 *Rev~sed for new account classifications I I ~l,i~~;U6 I 72,088: -i [=-~~~-- 780,557 70,000 390,279 1,240,836 769,922 18,ooo 60,000 ii 847,922 .J,_· 392,844 ,, I 1 j COUNTY SANITATION DISTRICT No. 2 & 2A BUDGET RECOMMENDATIONS 1970/71 FISCAL YEAR Prelim. 7-24-70 19 70/71 ESTIMATED ASSESSED VALUATION $914, 757, 340 1970/71 EST. A.V. ADJUSTED FOR5 %DELINQ. $869,019,474 1970/ 71 EST. TAX RATE PER $100 OF A.V. $ • 0069 FUND #2 BOND & INTEREST -1951 ONE CENT IN TAX RATE WILL RAISE $ 86,902 DESCRIPTION OR ACCOUNT TITLE B~D RETIREMENT AND INTEREST .. Principal on Bonds Interest on Bonds TOTAL AUTHORIZED GENERAL RESERVE TOTAL REQUIREMENTS LESS: CASH CARRY-OVER & REVENUE Funds Available July 1 Budgeted Requirements 69-70 Actual Expenditures 69-70 Allowance for Accruals,. Other Income and Transfers CARRY-OVER (CASH & INVEST'S) ~inquent Taxes , Interest & Misc. Receipts TOTAL CASH & REVENUE AMOUNT TO BE RAISED BY TAXES APPROVED BUDGET 1968/69 45,000 21,319 66,319 --· -- 55,-406 121,725 57,023 3,000 600 .61, 102 APPROVED BUDGET 1969/70. 20,306· 65,306 54,900 120,206 56,415 2,700 800 59,915 60,291 ESTIMATED ACTUAL EX PENDi TURES 1969 70 RECOMMENDED BUDGET. 1~70/ 7_1 --~ 45,000 64,294 54,394 118,688 ·i i 56,069 1, 500·· 1,000 60,119 COUNTY SANITATION DISTRICT NO. 2 -- BUDGET RECOMMENDATIONS 1970/71 FISCAL YEAR Prelim. 7-24-70 FUN 0 #2 AC CUM. CAPITAL OUTLAY DESCRIPTION OR ACCOUNT . TITLE F-1JECTS AND EXPENDITURES ~reatment Plant Expansion & Ocean Outfall No. 2 Reconstruction of Euclid Trunk 2-10-6 Ball to LaPalma 2-10-7 Edinger to Bolsa 2-10-8 Bolsa to Trask 2~10-9 Chapman to Ball Contracts 2-9-1 & 2-12 Orange Freeway Crossings Contract 2-13, Tras·k Avenue Santa Ana River Interceptor Trunk to Katella (w/o RCFCWD) Def erred Allocation Facilities Purchase Payment to CSD #3 Master Plan Report Joint Works Equity Purchase ;_strict Facilities Improve- "-!nents and ExtenSi.ons Tax Collection Expense TOTAL REQUIREMENTS LESS: CASH CARRY-OVER & REVENUE Funds Available July 1 Budgeted Requirements 69-70 Actual Expenditures 69-fo Allowance for Accruals, Other Income and Transfer 1970/71 ESTIMATED ASSESSED VALUATION $913,833,830 1970/71 EST. A.V. ADJUSTED FOR5 %DELINO. $868,142,139 1970/ 71 EST. TAX RATE PER $100 OF A.V. $ • 3081 ONE CENT IN TAX RA TE WILL RAISE $ 86, 814 APPROVED BUDGET 1968/69 APPROVED BUDGET 1969/70. 3,988,877 4,380,870 30,000 60,000 400,000 495,000 70,000 86,500 1,448,ooo 6,500 80,000 90,000 51,200 159,793 3,092,000 6,500 RECOMMENDED BUDGE" T. 1~70/ '?_I __ 5,164,725 33,000 6,000,000 (909,000 15,000 47,162 24,oob 9,000 l0,383,887 _CARRY-OVER (CASH & INVEST'S) 4,214,861 5,285,175 Delinquent Taxes Receiveable from CSD .#3 Joint Works Equity Sale Federal Grant Ir1terest & Misc. Receipts .._,TOTAL CASH & REVENUE AMOUNT TO BE RAISED BY TAXES 89,671 200,000 91 110,000 4,614,623 1,970,254 87,183 200,000 220,000: --- 5,792,358 2,068,005 71, 972 159,600 610,679 260,000 7,709,141 2,674,746 COUN-l Y SAN l TA Tl ON DISTRICT NO. 2 ' I -- BUDGET RECOMMENDATIONS 1970/71 FISCAL YEAR Prelim. 7-24-70 1970/71 ESTIMATED ASSESSED VALUATION $913,833,830 l 1970/71 EST. A.V. ADJUSTED FOR 5%DELINQ. $868,142,139 1 1970/ 71 EST. TAX RATE PER $100 OF A.V. $ • 0659 ; FUND # 2 BOND & INTEREST -1958 ONE CENT IN TAX RATE WILL RAISE $ 86,814 DESCRIPTION OR ACCOUNT TITLE B"""'D RETIRE:MENT AND INTEREST APPROVED BUDGET 1968/69 APPROVED BUDGET . 1969/70. Principal on Bonds Interest on Bonds 350,000 283,250 350,006 262, 250 ).(:: TOTAL 633,250 419,800 6i2, 250 ·,;. r;::::::::::::::=::;:==t AUTHORIZED GENERAL RESERVE TOTAL REQUIREfv1ENTS LESS: CASH CARRY-OVER & REVENUE Funds Available July 1 Budgeted Requirements 69-70 Actual Expenditures 69-70 Allowance for Accruals, Other Income and Transfers 403,000 1,053,050 1,015,250 CARRY-OVER (CASH & INVEST'S) 547,499 418,359 ~linquent Taxes , 29, 000 20, 000 Interest-& Misc. Receipts 11,000 12,000 TOTAL CASH & REVENUE 587,499 450,359 AMOUNT TO BE RAISED BY TAXES __ .:~~~~ 564, 891 RECOMMENDED BUDGET . 1~70/ ?J -- 350,ooc 241,25C 591, 25C 446, 20( l,037,45C 432;21E 18,0GC 15,00C 465,21E COUNTY SANITATlON DISTRICT NO. 2 PROJECTED CASH FLOW STATEMENT FISCAL YEARS 1970-71 THROUGH 1974-75 (Assume no tax rate increase 1970-71) - Schedule-B Revised 7 /28170 Without participation by Riverside County Description REVENUE Tax Revenue (at current tax rate of $.4261) Other Revenue Federal Participation Mi scellaneous Carry-Over From ?revious Fiscal Year Total Funds Available EXPENDITURES Master Plan Construction Other Expenditures -Operating and Joint Works Expansion Total Expenditures Carry-Over to Following Fiscal Year Minimum Required Reserve Carry-Over Fund Balance or (Deficit) One cent added to tax rate will raise 1970-71 $ 3,699,000 610~000 604 ,ooo 7,865,000 $ 1971-72 3, 997' 000 $ 472,000 375,000 6,429,000 1972-73 4,316,000 $ i96,ooo , 375,000 3,804,ooo 1973-74 1974-75 4,662,000 $ 5,032,000 . . 196,ooo 375,000 2,145,000 196,000 375,000 1,608,000 $ 12,778,ooo $ 11,273,000 $ 8,691,000 $ 7.?378,000 $ 7,211,000 $ 1, 000' 000 $ 3' 500' 000 $ 3' 300' 000 $ . '2 J 500 J 000 $ 3' 100' 000 5,349,000 $ 6 J 349' 000 $ $ 6 ,429 ,000 $ (3,917 ,000 ) $ 2 , 512, 000 $ $ 86 ,814 $ 3,969,000 7,4.69,0 00 . $ 3, 804,ooo $ (3,231,000 ) 573,000 $ 93, 800 $ 3,246,ooo 3,270,000 3,341,000 6 ,546,ooo $ 5,770,000 $ 6,441~000 2,145,000 $ 1,608,000 $ 770,000 (2,553 ,000) (2,878,000 ) (2,858 ,000) (40 8 ,000) $ (1,270,000) $ (2,088,000) 101,300 $ 109,400 $ 118,100 Description REVENUE Tax Revenue (increase tax rate to $.4461) Other Revenue Federal Participation Miscellaneous Carry-Over From Previous Fiscal Year Total Funds Available EXPENDITURES Master Pian Construction Other Expenditures -Operating and Joint Works Expansion Total Expenditures Carry-Over to Following Fiscal Year Minimum Required Reserve Carry-Over Fund Balance or (Deficit) ( COUNTY SANITATION DISTRICT NO. 2 PROJECTED CASH FLOW STATEMENT FISCAL YEARS 1970-71 THROUGH 1974-75 (Assume 2-cent tax .rate increase 1970-71) Without participation by Riverside County 1970-71 1971-72 1972-73 1973-74 Schedule·B-1 Revised 7 128/70 1974-75 $ 3,872,000 $ 4,184,ooo $ 4,519,000 $ 4,880,000 . $ 5,268,000 610,000 472,000 196,ooo -196,ooo 196,ooo 604,ooo 375,000 375,000 375,000 "375,000 7,865,000 6,602,000 · 4,164,ooo 2,708,·obo · 2,389,000 $ 12,951,000 $ 11,633,000 $ 9,254,ooo $ .8~159,000 ·.$ 8,228,000 $ 1, 000' 000 $ 3, 500 J 000 $ 3, 300' 000 $ ·2, 500' 000 $ 3, 100' 000 5,349,000 3,969,000 3,246,ooo 3,270,oo'o $ 6,349,000 $ 7,4.69,000. $ 6,546,ooo $. 5, 770,000 $ 6,441,000 $ 6,602,000 $ 4,164,ooo $ 2,708,000 -$ 2,389,000 $ 1~787,000 (3,917,000) (3,231,000) (2,553,000) (2,878,000) (2,858,000) $ 2,685,000 $ 933,000 $ 155,000 $ (489,000) $ (1,071,000) One cent added to tax rate will raise $ 86, 814 $ 93, 800 $ 101,300 $ 109,400 $ 118,100 Description REVENlJ""E Tax Revenue ( increase tax rate to $.46'61) Other Revenue Federal Participation Misce llaneous Carry-Over From ?revious Fiscal Year Total Funds Available EXPENDITURES Master Plan Construction Other Expenditures -Operating and Joint Works Expansion Total Expenditures Carry-Over to Following Fiscal Year Minimum Re quired Reserve Carry-Ove r Fund Ba lance or (D eficit ) COUNTY SANITAf~oN DISTRICT NO . 2 PROJECTED CASH FLOW STATEMENT . FISCAL YEARS 1970-71 THROUGH 1 974-7.5 (Assume 4 -cent tax rate increase 1970-71) Without participation by Riverside County 1970-71 1971-72 1972-73 $ 4,o46,ooo $ 4,372,000 $ 4 ,722,000 610,000 472 ,000 196,ooo 604,ooo 375,000 375 ,000 7 z 865 2 000 6 2 776 2 000 4 2 226 2 000 $ 13,125,000 $ 11,995,000 $ 9 ,819,000 $ 1,000,000 $ 3,500,000 $ 3 ,300 ,000 5 ,349 .z OOO 3 ,z 969 2 000 32 246 2 000 $ 6 ,349,000 $ 7,469,000 . $ 6 ,546,ooo $ 6 ,776,000 $ 4,526,000 $ 3,273,000 (3,917,000 ) (3,23 1,000 ) (2,553 ,000) $ 2 ,859 ,000 $ 1,295,000 $ 720,000 One cent added to tax rate will r a i s e $ 86 ,814 $ 93 ,800 $ 101,300 $ ' $ $· $ $ $ $ Schedu l e~B -2 Revised 7 /28/7 0 1 973 -74 1 974-75 5 ~ 099 ' 000 . $ 5 ,505,000 1 96,ooo .196 ,000 375;000 375,000 ;j 1 2:l3 1 000 j 1 1'.l 3 1 000 8' 94 3' 000 .. $ 9 ,249,000 ·2 , 500' 000 $ 3,100,000 3 2270.?000 ·32 34lzOOd 5,770,000 $ 6,4·41,000 3,173,000 $ 2 ,808,000 (2 ,878 ,ooo ) (2 ,858,ooo ) 295 ,000 $• (50,000) 109 ,400 $ 118,100