HomeMy WebLinkAboutMN-CC-1932-04-06Notes
Renewed
Tax
Loan
Approved
Audit
Local
Law #1
1932
COIF. .7ON COUNCIL
REGULAR MEETING ^ _ APRI L 6,1932
Present --Mayor Herman Bergholtz
Aldermen--Sax.i ions, Gill, Causer, Lowe,Hyers, Co.lfort,
o .npbell, ToTrasend, Hoffman, Rogal s -1:y
Attorney--T reiaan
Chamber lai n-- Sny der
Chief of Police--ilarshall
Com-aissioner of Ciarities--Green
Minutes of the prebeding sleeting duly approved.
The Clerk suggested that the Com:_ion Council authorize
by resolution renewal of notes in anticipation of the
Bond Issue, that become due this month.
By Alderman Causer: seconded by Alderman yers:
RESOLVED: that the City Clergy: be and he hereby is
authorized to renew for a period of not to exceed three
months the following notes:
10,500 due April 7th First National Bank
40,000 due April 12th at the Tompkins Co. Bank
33,000 due April 23 at Ithaca Trust Company.
Ayes--10 Nays--0 Carried and Approved.
The Clerk called attention to the small cash balance
in the General Fund and pointed out that we Mould have
to borrow money, as is customery at this time of year, to
Cover the expenses of the general care,operation and
maintenance of the various City Departments until
taxes are received.
By Alderman Causer: seconded by Alderman Hyers:
RESOLVED: that pursuant to the provisions of the
City Chaster and Section V of the General -_:unicipal Law,
as amended, the City Clerk, from time to time as
necessity may require, is hereby authorized to borrow,
for current City expenses and general care, maintenance
and operation of the various offices and departments of
the City of Ithaca, in the name of and to the credit of
the City of Ithaca, New York, a sur.i or sums not to
exceed in total $50,000. in anticipation of the collec—
tion of City taxes for the current fiscal year 1932,and
the fait.z and credit of the City of Ithaca are hereby
pledged for the pay-aent and retirement of said te,aporary
loan out of the taxes to be received for the current
fiscal year.
Ayes--Sa.raons, Gill, Causer, Lowe, Hyers, Comfort,
Caimpbell, Townsend, Hoffman, Rogal sly.
Nays--0 Carried and approved.
By Aldersan Causer: seconded 0y Aldenaan :,1yers:
RESOLVED: that the bills audited and approved
by the Finance Committee be and the same are hereby
approved, for pay:ient.
Carried.
5
The Clerk read the text to the proposed amendment
to Section 146 of the City Charter which had been presented
at a previous sleeting and laid on the desks of the ,.ie_-lbers
in accordance with the provisions of the City Hone Rule Law.
By Alderman Lowe: seconded by Alderman Townsend:
BE IT ENACTED by the Co_T_ion Council of the City of
Ithaca as follows :
Section 1. Section 146 of Chapter 503 of the Laws
of 1908, being the Ithaca City Charter,is hereby arsended
to read as follows:
See.146. The Board of Public Works shall have the
power in all of its departments to .Hake repairs or
improve;_,ents and perfor:.1 any work contemplated within said
depar trsent s by the aid of its own servants and employees,
.`
•ate t�.
- 2-
or by contract. If- the board shall deterr.line to hwc any
work performed or Mork perforr_ied ®nd materials furnished by
contract, in excess of five hundred dollars, it shall
a.dvertisc for bids upon the work to be performed or work
to be perfor:-ied and materials to be furnished, at least
three ti:_ies in one or riorc of the daily newspapers published
in the City of Ithaca, said publication to be not on
consecutive days, and the first publication to be at least
toil days prior to the ti:.ie set in the notice for the
opening of bids; and upon receipt of the bids at the tine
specified, and the opening thereof the board :aay reject any
or all bids submitted, or may lot the contract as it deer -is
best. The board may require security or certified check
to acca_ipa.ny the bids, assuring the execution maid faithful
performance of the particular contract upon which the
bid is
Meii the board shall decide to purchase equipment
or materials and the estimated cost thereof shall be over
five hundred dollars, it shall advertise and accept or
reject bids therefor in the :a•_uznerprovided in this section,
unless by the unanimous vote of the members of the board
present at the ieeting and with the approval of the :ayor,
the purchase thereof be authorized without such advertising
or calling for bids, in which case the purchase shall
be made a$ the board may dee:: best.
Ayes--10 Nays--0 Carried and approved.
Charter
Changes The Clerk read six proposed changes in the City
Pro- Charter prepared by Alderman Ca_.spbell, and on aotion of
Posed Alderman Causer the same were referred to the City Attorney.
The Hayor reco-.riendcd that the matter of definitely
deciding the miount of the Bond Issue and the continuance
of capital expenditures be not discussed at this time and,
that the ,aaeting be adjourned to especially consider
these natters at some future date.
By Alderman Causer: seconded by Aldcraan Sarniions:
RESOLVED: that the meeting be adj ouruLd to
reconvene at the call of the 1.1a,yor.
Carried.
City Clerk
I
Orr
CITY CT ITHACA
NEX YORK
Office of the City Clerk
--A1??1TUAL TI"ANCIAL 1 N PCRT--
1531
Hon. i�cycr and Aldert:len
of the City of Ithaca, TT Y
C;rentlernen :
Pursuant to the provisions of the City Charter, I tra-ls:llit
herevrith my Annual Financial T•'eport .for the fiscal year ending
Dcce;ilber 31, 1931.
Bud -et Surm�mry Coiapari.son
Sury:)lus of prior year
Estimated Revenues
Ta.x Levy _
TOTAL BUDGET
1930
0 9 �s r
71,r'�q•1
�o3
3" J2a•49
501,000.00
1931
10,262.50
71,26.65
443)953-85
526,043.00
City Tax Collection Suu,i;nary 1930 1931
Total amount of taxes levied 39a)J2,_. 9 !.43,9:�3, 5
It Itunpa.i.d end of fiscal year None None
Amount of tares bid in by City at Ta.x Sale 907. 61 309, 79
Tax Pate Comparison 1930
Citiy Tax Rate per ;)1,000. assessed valua.ti.on 10.40
School Tax Rate 0
State & County " " " " 6.10
Total Tax Rate
Property Valuation Co:.lpe..riscn 1930
Total a.ssessed value real property 9,1-30,1 55.
exeyapt �, 2-1)7 6;,77`0.
Net assessed value taxable real " 37,570,375.
Assessed taxable value special
franchises 749, 672.
Total assessed value for taxation $30.,320,0L`-7•
Recapitulation of V,l1zatio--i of
Pension — —"
Clergymen
Charitable & Hospita.l
Religious, Churches etc.
County Property
U• S. Gov't Property
?• Y. State Property
EDUCATIO?iAL
u�lic Schools
Parochial Schoolo
kublic Library
Conservatory of 11usi.c
Cornell jniv. & N. Y• S. Collece
Toulpkins Co. Ag. Society -
Telluride Association
CITY PROPERTY
Parks, Plav�7,rou _ds & Cei-aetery
Public Utilities
Fire Department
ChF rita:ble & Hospital
Other Grounds & Bld^-s.
Total Exemptions
Tax axe ii-ot
10,�700.
567)225.
1,237,250.
186,325.
225,900.
1,000.
1,410,77:•
72,577.
125)�'7-
6,650.
„0 .
1�0,450.
24.7)3
;
�
�232 3,
161,2.
�4-, 906.
126,27-.
.1-931
11.60
5.4o
6.30
,f 0. } u
1931-
61, ° 90, 750. 00
366) 2 70.00
',7,724,J00.00
747,3c�4.00
3�,=71,I�4.00
Property
2,317,140.00
20,196,4 �0.00
6;0. 00
;C li 766 2'70.00
ta.tio of assessed value to full value about 90s�
Population 1930 Census 20,720 ; Estimated 19-�1 (U. , .tub. -;ealth Ser.) '
21,163
- 2 -
Summary of Bonds paid during 1931
Issued
Title
1907
Creeks, Drainage & Park
1919
Improvelient, Series "A"
�9i9
,t „B„
1924
" "C"
1925
" it „D„
1925
Public Grounds & Bld �s. "A"
192E
It "` ngn
TOTAL
Bonds Outstanding Jan. 1, 1932
General City Bonds
School Bonds
'Rater Bonds
Less Sinking Fund
a
Total Net Bonded Debt
$347,000.00
70,780.00
Redeemed
5,000.00
101000.00
10)000.00
10,000.00
10,000.00
5i000.00
000.00
$c5,000.00
965,000.00
295 ,�000.00
276,220.00
$1,536,220.00
Including teiilporary obligations made in anticipation of bond
sale, our constitutional debt limitation at preseat is 3.5% out of
an allowable 10?;. Floating Debt and Special Assessment Debt - none.
HOW YOUR CITY TAX DOLLAR IS SPENT
TAX BUDGET EXPEITSES & COIb PARISON WITH Pl EE CEDING YEARS
ON PER CAPITA AND PERCE33TAGE BASIS
General Government
Protection of Per. & Prop.
Conservation of Health
Sanitation & Cleanliness
Highways,Creeks & Bridges
Charities
Recreation - Parks, etc.
Parking Area & Comfort Ste..
I�11iscellaneous
Municipal Indebtedness
Const.& Per. Imp'mts.
Cost Per.
Capita
1929 1930 1931
4. 76
2.42
4.35
1..16
64
. 2 Z'-
.08
4.22
2.03
$24.00
s3.52
5.21
.71
2.52
4.71
1.43
.51
:07
4. &1
.26
"24 2`3
16
J
r
2.7
4.00
3.76
.20
4.69
�324.93
Percent of
Total Cost
1929
13.9
19.9
2.
10.
18.1
4.�g
2.7
1.0
17.6
8.4
100%
1930
14.5
21.5
2.9
19.4
5.9
2.1
.3
19.8
1.1
100%
1931
12.7
18.4
3.0
11.2
16.0
15.9
3.0
.8
.2
18.8
100%
- 2a -
Rea.rrangin�-_, some of the prescribed general items of expense
shown on the preceding page under more familiar captions, we compare
these expenses as they were in 1921 with those of 1931. The percentage
increases during the past 10 years in such expenses are also shown
below. 'While the State helps the City ;:feet the tax b,.zdget expenses
by sharing its returns fro.1 Income Taxes, Business Er^ilchise Taxes etc.,
and also refunding approxil,lately one-half the cost of Old ,Iyge Security,
never -the -less it is enlj.,1 htening to note the trti:lendous increase in
the aiaount of some of tr�ose items. Records show that the main recsons
for such increases are mandatory State le,:-Asla.tion a.ld the constant
°j demand of the public for increased services.
I\1
Expenses for the year
1921
Expenses for the year 1931
NI
u 00Y.
a) Joe
Cd
Percenta.�,e increases for the past 10 years
U)
aD
0
0
Pa
0
�+4J
U
N
4-3
U
w
0
a�i
W
ri
wc
r4
�
A
08
0
a)
;'
a
U
cYj
M
U
co
W
w
M
(D
f
U
r
+� P
�' N
R o
+, 0
.4
0 +>
N
m
H Ri
- 2b -
Taking "Public Charities',' the governmental function that
shows such an abnormal increase, and analyzing it graphically below,
we f inci ad;nin7,-tra tive e:",oenses of the department remained rather
constant until 1930 when their began to mount, increa.sinp- about 430��
in the 'Gtik � :tec..I'E --930 r..1Q 1,31
The amount of total relief granted increased gradually
in the n in e y ear s from 1921 ro 1930, about 85 - In the last two
years 7.930 and 1931 it increased about 2507o.
On this chart the dotted line shows the relief expenses
for Charity and Home Relief, ivhile the solid line shows the total
relief granted; thereby indicating the increase due to the Old Age
Security lair passed in 1930•
7°
N, b o
v
ti
Vy
3
30
4d mIMA% TRRT/oN
A greneral condition materially affecting the proportion
of the budget that must be raised by taxation is the shrinking
returns received from the State, which fell from 186,000. in 1929
to $51,000• in 1931• A Local condition affecting the tax rate is
the steadily increasing amount of exempt property, which in 1931
amounted to about 40% of the whole. The following chart graphically
indicates this steady increase:-
-- t - ------_.................
•-----�- — —
- 2c -
"Pa.;--a.s- rou-go" vs. "Bonds & Interests' has al;TQ,;--s been a debat-
able Question. The followi=-ra-)hs shot., what our experie:zce has been
during the east ten years; the first one indicating the approximate
amount raised in the tax budget for iTew Construction Per. I1:1p'a2its.
G
GO
AF
The next graph indicates the amount of General City Bonds, ex-
clusive of School & eater, outstanding at the close of each year.
4 b••
L
2 yo•
??i
v ZOO
�
/9,t / z a 73 .td. •2 b' .t� d 7 .t B' z9 90 .�/
This last graph shops the present debt structure. The full
height indicates the total issue and the total interest payable to
maturity. The cross -hatched portion shov;s the principal outstanding
and the future interest payable as of Dec. 31, 1931.
f
-3-
The following are theformal financial statements prepared
according to Classification of. Accounts as prescribed by the State
Comptroller. Further details of all accounts and the various funds
may be obtained by applying at the office of the City Clerk where
their are always open for inspection.
CURRENT ACCOUNTS
BALANCE SHEET AS OF DECEaBER 31, 1931
ASSETS
Carr. ent Cash $17 � 884. 35
d7:cer Cash 9,494.20
$ 27,478.55
Water Rents Receivable 17, 83.03
Water Accounts Receivable 112.57
Due from Street Opening Deposits 9.96
Miscellaneous Accounts Receivable 6,749.13
Current Assessments Receivable 55,294.99
Tax Sale Certificates owned by City 309-68
13.x Deeds owned by City 52 7
Improvement Fund 120,774.47
inergency Work Relief 11,815.90
Home Relief 1,707.04
$242,158.99
LIABILITIES
Cemetery Fund 647.21
Reserve for Current obligations - 1931 28,037.90
Reserve for Current Ass'mts. Rec. 5F,294.99
Reserve for Miscellaneous Accts. Rec. 6,7 8.13
Reserve for Tax Sale Cert. owned by City 30g.78
Reserve for Tax Deeds owned by City 52 .67
Res. for Advance Pay'Tnts on Sew. Ass'mt 638.90
Due County Clerk -Marriage License 22.00
Work Relief Allottment 1,052.00
Emergency Relief Loans 10, 500.00
Temporary Bond Loans 73,000.00
176,775.58
Current Surplus
General Fund 38,293.61
Municipal Water Dep t. 27,089.80
65,383.41
$ 242,158.99
- 4 -
SUT-11.iIARY OF CURRENT REVENUES AND EXPENSES
Revenues
Surplus of prior year
$20,262.50
Taxes of current year - amount of levy
'443,953.5F
Tax revenues., City purpose
443,953.55
Miscellaneous Revenues
90,582.15
Equipizent charge from Improver,ient Fund
9,644.55
Various Refunds
3,927,10
Refund from State ofN. Y.- Old Ar;e Security 8, 30.6o
Unusea Bal. of Res. for Curr. obiig':zs-1930 9,427.77
31,430.02
Public Utilities - Con-aercial
-unicipal Water Dept.
137,139.95
Surplus of prior year
52,626.39
Unused Ba.l. of Res. for eater Dept.
Current obligations - 1931
3,000.00
192,766.34
Due fro:.i Home Relief
1,707.o4
Expenses
780,701.90
� s, Creeks & Bridges
83,16.35
General Government
65,731.19
Protection of persons and property
95,195.81
Conservation of Health
15,477.94
Sanitation & promotion of cleanliness
58,134;75
Charities & Corrections
82,18�.50
Recreation - Parks, playgrounds etc.
14,92 .25
Public Utilities - Non -Commercial
,297.23
Miscellaneous
1,026.o5
Municipal Indebtedness
97,445,89
515,515.31
Municipal Water Department
165,676.54
Total Current Expenses
654,191.55
1931 City Taxes Expunged
88.74
Appropriated from Tax Levy to Cemetery
Fund 3,'000.00
Reserve for current obligations - Gen.
Fund 28,037.90
31,126.64
Surplus:
General Fund
3,293.61
municipal Water Department
_ 27,0�9�`0
65,353.41
STATEIIENT OF I ISCELLANEOUS REVENUES
1. Special Taxes
2. Licenses & permits
Fines & penalties
Franchises & priveleges
5. Interest
6. Gifts & donations
7. Sewer Assessments
8. General Government
9. Protection of persons
10. Conservation of health
11. Sanitation & promotion
12. Charities & corrections
L3. Highways
property
of cleanliness
1 . Public Utilities - N6n-Coau-Aercia.l
15. Recreation - Parks, playgrounds etc.
16. Miscellaneous
*Total, Liscellaneous Revenues
17. *Municipal Water Department Revenues
C2,94 •ba
3,972•0
510.00
8 o16.o8.
9,400.00
850.25
978.60
444.00
211.5
1,502.38
2,235.17
202.36
7,215. 1
2,665.66
$780,701.90
`�90, 552.15
137,139.95
-5-
STATEMENT OF EXPENSES
1. General Government
101.
Aldermen or council
746•72
102.
Mayor
1,061. 9
101.
City Chamberlain
7,348• 0
110.
City Clerk
8,50.43
111,
Assessors
3,922.99
112.
Law Dep't. - office of Corp. counsel
2,341.FO
114.
Civil Service Commission
207.94
11 .
Office of Supt. of Public Works
9,387; 9
116.
Office of City Engineer
9,33 99
117.
Elections
3,902.12
118.
City Court
5,095.99
119.
2wunicipal Buildings & Offices
7, 607.36
120.
Planning Commission
50.00
121.
Sinking Fund Commission
20.00
129.
A rkmen's Compensation
3,257.56
129.
Workmen's Compensation Reserve
1,500.00
129.
Preparation of Jury List
72.00
129.
Contribution to Cornell Library
200100
129.
General Insurance Reserve
1,500.00
Total General Government
$65,731.18
11. Protection of Persons and Property
130:
Bureau of Police - Police force
44,05.1 6
132
Bureau of Fire - fire fighting force
411176.44
133.
Bureau of Fire - buildings & grounds
7,792.43
135.
Plumbing Board
180.00
137.
Sealer of Weights & Measures
992•85
149.
Electrical Board
- - -
1 0.
Zone Appeal Boa.fd
8.23
Total Protection of Persons and
Property $95,199.81
111. Conservation of
Health
150.
Administrative Expense
n 028.76
4521.02
151.
Conservation and inspection
152.
Isolation hospital
634.10
154.
Venereal Clinic
1,093•45
155
hiscellaneous health clinics
3, 26.79
15b.
hosquito control
869.02
Total Conservation of Health
015,477.94
A. Sanitation and Promotion of Cleanliness
160. Sewers - General 10,004.63
161. Street Cleaning 9,912.65
162. Refuse & garbage collection & disposal 25,789.71
164. Sewase Disposal Plants 12,427.79
Total Sanitation & Promotion of Cleanliness $58,134.78
V. Highways, Creeks & Bridges
151. Highways - Care and maintenance 76,19F.04
182. Snow & Ice removal 2,780:15
18 Highways - buildings 2118.56
181• Bridges 2:092.60
185. Creeks - - -
Total Highways, Creeks & Bridges $83,186.35
190. Administrative Expense 2,E49.06
191. Charity Relief 2 „ 094.3
191. Nome Relief 1,707.01
192. Care in families 1,991.79
19 Care in institutions 2,034.72
194. Care in hospital 9,796.44
Vll. Old Age Security
200. Administrative Expense 2,402.81
201. Old Age Relief 36, 13.55
Total Charities & Corrections
V111. Recreation
230. Park Department - General
231. Playgrounds - Percy Field
232. Public Baths - Stewart Park
233. Band Concerts, 4th. July celebration
234. Memorial Day observance (G.A.R.)
Total Recreation
7,969.46
1,085.14
5,622.10
1,000.00
147.5r
1X. Public Utilities - Non -Commercial
250. Public Parking Area
X. Miscellaneous
260. Judgements & Settlements 1o4.E9
261. Refunds and cancellation of taxes 255 7
262. Tax sale purchases 665.44
Total Miscellaneous
X1. Munici-rnal Indebtedness
270. Bonds paid
272. Interest on Bonds
273. Interest on temporary loans
__ Total Municipal Indebtedness
IlaTROM- ENT FUND
�5, 000 - 00
1,581.2
E67.64
Revt,nue s
Cash Balance Jan. 1, 1931
Receipts from Stewart Park Commission
Returns on Paving & Curb & Gutter Assessments
Refunds on work done
Stock (1aterials & Supplies) on hand Jan. 1, 1931
Balance Decumber 31, 1931
Disbursements
Construction of
If If
n n
Storm sewers
Sanitary Sewers
Curbs & Gutters
New Pavements
Resurfacing
Bridge Construction
Stewart Park Improvements
Airport Improvements
Purchase of properties for rt��a.�T
Grading Teughannock Blvd.
Bond Issue Expense
Miscellaneous fork
Stock (Materials & Supplies) on hanc Dec. 31, 1931
$43,473.44
3E,716.36
82,189.80
$15,824.25
$ 4,297.23
1,026. of
97,44o.S9
16,665.1E
33 , 500.00
433,016.40
4,300.2
5,6599.4
120774.47
$223,916.14
44,724.93
19,222. �`
27,136.9i
11,857.5E
2E,652.74
12, 4r.63
37,7.70
1,917.70
4, 091.6c
14,137.3E
936.59
17,E94.7"
3,523.04
$223,916.14
-7-
EMERGENCY WORK RELIEF
Revenues
Contributions
Balance December 31, 1931
Disbursements
Administrative Expense
Storm & Sanitary Sewers
Miscellaneous
CEMETERY FUND
Revenues
1,314.36
11,815.90
1,129.o6
9,r07.65
2,493.55
Cash Balance January 1, 1931 694.85
Appropriated from General bound 3,000.00
Cash receipts during the gear 1931 455.91
Care of lots 191.91
Burials 259.00
Sale of old lawn
mower r.00
Interest on funds held intrustby City
for the care & upkeep of Cemetery Lots 785.49
Refunds on private work 135.17
Disbursements
A. Salaries & pages
C. Office Expenses
G. Materials & Supplies
Cash Balance end of year
4,212.00
59.05
1 3.19
6 7.21
MUNICIPAL WATER DEPARTMENT
301. Operating Management Expenses
302. Collecting System Expenses
303. Purification Expenses
304. Pumping Expenses
305. Distribution Expenses
306. Interest & reduction of Bonded Debt
325. Consfruction and Permanent Improvements
Hydrants, New Mains, Valves etc.
New Administration & Service B1dgs.
Stock (Materials & Supplies)
Total Expenses of Water Department
g, 9o,�,,. 6.8
5,705.11
10,�70.21
14, 74.24
31,974.34
13,130.26
$13,130.26
5 071.45
85,071.45
72,632.58
34,285.00
19,807.75
35,836.53
3 ,114.68
$165,676.54
- 8 -
CAPITAL & SINKING FUND ACCOUNTS
Balance Sheet as of Dece__lber 11, 1931
• rV ter. m ry
Capital Accounts
City Properties 1,657,000.
$1,657,000.00
Sinking Fund Accounts
Water Department Sinking- .Fund Cash 22, 750.47
Sinking Fund Investments 4') , 000.00
70,750.47
1,727,70.47
LIABILITIES
Capital Accounts
Capital Loans 1,607,000.00
Sinking Fund Accounts
Water Dept. Sinking Fund Reserve 70,780.47
Surplus
Capital Surplus 50,000.00
1,727,780.47
----------------------------------
SUIMARY OF RECEIPTS AND PAYIENTS
RECEIPTS
Income on Investments �52-50
Interest on Bank Balances 76.2�
Contribution froia dva.ter Department 20)000.00
21,028.76
Cash Balance beginning of year 1,751.71
22,7�50.47
PAY1MNT T S
No. payments during the year 1931
Cash Balance end of year $22,7S0.47
n
TRUST ACCOUNTS
Balance sheet 'e.9 of December 31, 1931.
ASSETS
Trust Cash 57.,566.30
Workmen's Compensation Res. Fund Invliuts. 5,000.00
Active Firemen's Relief Fund Investments 1,000.00
63,566.30
LIABILITIES
Workmen's Compensation Reserve
Fund
24,831.39
Active Firemen's Relief Fund
17,455.2.1
Veteran Firemen's
Relief Fund
10,422.09
Perpetual Care of
Cemetery Lots
Trust Fund
7,751.52
General Insurance
Reserve Fund
3,lo6.20
a63,566.30
SUL-21ARY OF
RECEIPTS &
PAYI�IENTS
RECEIPTS
Workmen's Compensation Reserve
Fund
4)492.00
Balance beginning
of year
20, 39.29
24,��31.38
Active Firemen's Relief Fund
3,079.16
Balance beginning
of year
16,236.4
19,315.64
Veteran Firemen's
Relief Fund
- - - -
Balance beginning
of year
10,422.09
10,422.09
Perpetual Care of
Cemetery Lots
Trust Fund
500.00
Balance beginning
of year
7,251.52
7,751.52
General Insurance
Reserve Fund
1,591.20
Balance beginning
of year
1,515.00
3,106.20
$65,426.83
PAYE.NTS
Active Firemen's Relief Fund
Balance end of year
1,960.53
17,455.11
Balance end of year Workmen's Comp Res.
Balance end of year Veteran Firemen's Rel. Fund
Balance end of year Per. Care Cemetery Lots
Balance end of year General Ins. Reserve Fund
19,315.64
24,831.38
10,422.09
7,751.52
3,lo6.20
$65,426.83
- 10 -
SUMIIsIARY OF ALL ACCOUNTS
GRAND TOTAL RECEIPTS.AIID DISPURSEIVIENTS
Balances at Beginning of Fiscal Year
Current Cash 56,915.78
Water Cash 38,612.49
Water Dept Sinking Fund Cash 1,751.71
Trust Cash 51,315.06 $11�8,595 C3
Current Cash
TZ), 073- 76
Water
Cash
185,558.26
Water
Dept Sinkinf Fund -Cash
21,028.76
Trust
Cash.
9,562.45
1,174,223.23
TOTAL
$1,322,0318.26
Payments
Current Cash
997,105.1
Water
Cash
214,676.54
Water
Dept Sinking Fund Cash
- - -
Trust
Cash
3,311.21
$1,215,092.94
Balances at
End of Fiscal Year
Current
Cash
17,954.35
Water
Cash
9,494.20
Water
Dept Sinking Fund Cash
22,780.47
Trust
Cash
57,566.30
107,725.32
TOTAL
1,322,518.26
March
1, 1932.
Respectfully submitted,
James E. Matthews
City Clerk.