HomeMy WebLinkAboutMN-CC-1932-04-06 COIF. .7ON COUNCIL
REGULAR MEETING _ APRIL 6, 1932
Present--Mayor Herman Bergholtz
Aldermen--Sa.x.i ions, Gill, Causer,Lowe,Hyers,Co.ifort ,
Ca:.npbell, ToTrasend,Hof fm an,Rogals-1:y
Attorney--T reiian
Chamber tai n--Sny der
Chief of Police--ilarshall
Com-aissioner of Ciarities--Green
L
Minutes of the prebeding :1eeting duly approved.
Notes
Renewed 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 Alder-Man yers:
RESOLVED: that the City Clem: 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 r _
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.
Tax
Loan The Clerk called attention to the small cash balance
Approved 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 Chester 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 borroi,*
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 sera 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...ions,Gill,Causer,Lowe,Hyers, Comfort,
Caimpbell, Townsend,Hoffman,Rogal sly.
Nays--0 Carried and approved.
Audit
By Aldersan Causer: seconded 0y Aldenaan ?Ayers:
RESOLVED: that the bills audited and approved
by the Finance Committee be and the same are hereby
approved, for pay:ient.
Local Carried.
Law #1 The Clerk read the text to the proposed amendment
1932 to Section 146 of the City Charter which had been presented
at a previous :1eeti,ng and laid on the desks of the ;.Ze_-lbers
in accordance with the provisions of the City Hone Rule Law.
By Alderman Lowe: seconded by Alder ma Townsend:
BE IT Ei1ACTED 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-rient s by the aid of its own servants and employees,
•ate ".
-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:-led and materials to be furnished, at least
three ti:_les 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 subr-iitted, or may lot the contract as it deer-is
best. The board may require security or certified check
to acca_lpa.ny the bids, assuring the execution mad 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_-ipbell, 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 Alderaan Sarriions:
RESOLVED: that the meeting be adj ouruLd to
reconvene at the call of the 11a,yor.
Carried.
City Clerk
r}
T
CITY CT ITHACA
NEX YORK
Office of the City Clerk
--AIN??TUAL TI"AXCIAL 1 N PCRT--
1931
.s.
Hon. !Mayor and Alderi-aen
of the City of Ithaca, TT Y
Orentlemen
Pursuant to the provisions of the City Charter , I trans:�1it �I
herevrith my Annual Fina,ncial T•'eport for the fiscal year ending
Dcce;ilber 31, 1931•
Bud-et Surmmry Coiapari.son 1930 1931
Sury:)lus of prior year 30, 982. 35 10,262. 50
Estimated Revenues 71, 1! 9. 13 71, 26. 65
Ta.x Levy c -2° , L�
3" , 7 9 4 0953 �5
TOTAL BUDGE1 501, 000 . 00 526,043. 00
City Tax Collection SLu,ilnary 1930 1931
Total wnount of taxes levied 3951 J2__ , 9 1.+-43, 953 , 5
unpaid end of fiscal year None None
Amount of tares bid in by City at Ta.x Sale 907. 61 300. 79
Tax Pate Comparison 1930 _1.931
Citiy Tax Rate per ;)"1,000. assessed valua.ti.on 10. 40 11. 60
School Tax Hate " " " it C . �0 5. 40
State & County " " " " 6, 10 6. 30
Total Tax Rate
Property Valuation Co:,ipa.riscn 1930 1931.
Total a.ssessed value real property ;9, 131 55 .
6l,°90, 7;
0. 00
a 0.exey apt 7 36e, ,r 0. 00
Net assessed value taxable real " 37, 570, 375. 37, 724 f--00.00
Assessed taxable value Special
franchises 749, 672 . 747,34. 00
Total assessed value for taxation $3�. , 320,0L`-7. -53� , =71, V4. 00
Recapitulation of Valuation of Tax Exempt Property
Pension — — 90, 941-0.
Clerc yi7en 10, 500.
Charitable & Hospita.l 567,22; ,
Religious , Churches etc. ^ 70,
County Property 1'186132 .
U. S. Gov' t Property 225, 900.
?• Y. State Property 1 ,000 . 2) 31.7, 1!!0. 00
EDUCA^1I07-1AL
ulic Schools 1,410) 771•
Parochial Schoolo
72, 577 .
kubl is Library 12,� -L J
Conservatory of 1 usi.c 6 670.
Cornell Jiaiv. & N. Y. S. Collece
Tc,,pkins Co. Ag. Society =0,
Telluride Associa.tio n 10,450. 20, 196, O. Uo
CITY PROPERTY
Parks, Playr7-rou _ds & Cei-aetery ;D!}.7
) 3�
Public Utilities 1 2
)
Tire Department 161 5`2�.
Charitable & Hospital_ -)c?00,
Other Grounds & Bld^ s. 12612 _ 1_, %, 6;0. 00
7:
Total Exemptions ;�.4 X66 2r-0.00
^ ^
—J'
ratio of a,seesced value to full value about 90s�
Population 1930 Census 20, 720 ; Esti aat-ed 19 1 (U. , .tub. -;ealth Ser. ) '
21, 163
- 2 -
Summary of Bonds paid during 1931
Issued Title Redeemed
1907 Creeks, Drainage & Park 5,000.00
1919 Improvelient , Series "A" 101000.00
1919 „ it "B" 10,000.00
1924 " " "C" 10,000.00
1925 10,000. 00
1925 Public Grounds u Bld�s. "A" 51000. 00
192E It '� �' "` "B" n 000. 00
J
TOTAL $c5,000.00
Bonds Outstanding Jan. 1, 1932
General City Bonds 965,000.00
School Bonds 295,000. 00
'Rater Bonds $347,000.00
Less Sinking Fund 70,780.00
276, 220. 00
Total Net Bonded Debt $1,536,220.00
Including teillporary obligations made in anticipation of bond
sale , our constitutional debt limitation at preseat is 3. 50 out of
an allowable 10;. Floating Debt and Special Assessment Debt - none.
HON YOUR CITY TAX DOLLAR IS SPE NT
TAX BUDGET EXPEITSES & COILTIPARKSON WITH PR EE CEDING YEARS
ON PER CAPITA AND PERCE33TAGE BASIS
Cost Per. Percent of
Capita Total Cost
1929 1930 1931 1929 1930 1931
General Government 335 .`3 . 52 3. 16 13. 9 14. 5 12.7
Protection of Per. & Prop. 4.76 5. 21 4. 5� 19.9 21. 5 1 .4
Conservation of Health . 75 . 71 . 75 2. 2. 9 3.0
Sanitation & Cleanliness 2.42 2.52 2.79 10. 17... 6 11. 2
Highways, Creeks & Bridges 4. 35 4. 71 4.00 16. 1 19.4 16.0
Charities 1. 16 1. 43 3. 95 4.5 5. 9 15. 9 .
Recreation - Parks, etc. . 64 . 51 .76 2.7 2. 1 3.0
Parking Area& Comfort Ste.. . 2Z.- . 23 .20 1. 0 . 9 .8
I�11iscellaneous .08 07 .05 .3 • 3 • 2
Municipal Indebtedness 4. 22 4..&1 4. 69 17. 6 19.8 18.8
Const .& Per. Imp 'mts. 2.03 . 26 - - 8.4 1.1 - -
$24.00 '"24. 2 `724.93 1000 100% 1000
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.,^°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-.-Id the constant
° demand of the public for increased services.
7o
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/0 L —
Expenses for the year 1921
9'0
ca 70 1r
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Cd {
Expenses for the year 1931
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IT
4/00
Y.
Cd
Joe
Cd
Percenta.�,e increases for the past 10 years
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Fri 0 A +� P
N o O N N
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4-3 W v W +, 0
ED .r4
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w c w a M w r m
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- 2b -
Taking "Public Charities',' the governmental function that
shows such an abnormal increase, and analyzing it graphically below,
we f inci ad;nini.-tra tive e:",oenses of the department re.mai ned rather
constant until 1930 when the'r began to mount , increa.sinp_: about 430j'o
in the tv.� :.teFas __930 r..1Q 1,31
7'-- amount of total relief granted increased gradually
in the nine y ears from 1921 to 1930 , about 85- In the last two
years 1.930 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 law passed in 1930•
ao
70
N bo
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Su`
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4d M Ali,�TRArionr
1,2 'zs 'X46
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�o of the whole. The following chart graphically
indicates this steady increase :-
i�3S
U
30
h
G
W
as
�cf -a2 X3 Jo
dId Y!
2c -
"Pa.; a.s-�Tou-go" vs. "Bonds & Interest" 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 'aits.
G
GO
ZJ A JO 3/
The next graph indicates the amount of General City Bonds, ex-
clusive of School & eater, outstanding at the close of each year.
f ,-
h
9w
`yam
4 b.•
L
2 yo.
? ? i
v
ZOO�
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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-
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- 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
07: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 524. 67
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. '749. 13
Reserve for Tax Sale Cert . owned by City 308. 78
Reserve for Tax Deeds owned by City 52 . 67
Res. for Advance Pay' nts 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
i'
- 4 -
SUM ARY OF CURRENT REVENUES AND EXPENSES
Revenues
Surplus of prior year $20,262. 50
Taxes of current year - amount of levy 7443 ,953. 55
Tax revenues., City purpose 443 ,953.55
Miscellaneous Revenues 90, 582. 15
Equipment charge from Improvement Fund 9,644. 55
Various Refunds 1927, 10
Refund from State of N. Y.- Old Age Security 8,430- 60
Unusea Bal. of Res. for Curr. obligtns-1930 9,427. 77 31,430.02
Public Utilities - Commercial
-uric ipal ?Vater Dept . 137,139. 95
Surplus of prior year 52,626. 39
Unused Bal. of Res. for eater Dept .
Current obligations - 1931 3 ,000.00 192,766. 34
Due from Home Relief 1,707.04
Expenses $750,701. 90
Hilhway s, Creeks & Bridges 83,186.35
General Government 65,731. 19
Protection of persons and property 95, 195.81
Conservation of Health 15,477. 94
Sanitation & promotion of cleanliness 55 , 13Q5
Charities & Corrections 52,15'.50
Recreation - Parks , playgrounds etc. 14,924. 2;
Public Utilities - Non-Commercta.l ,297. 23
Miscellaneous 1, 026.05
Municipal Indebtedness 97,445,89 515 , 515. 31
Municipal Water Department 165 ,676. 54
Total Current Expenses 654,191.55
1931 City Taxes Expunged 55. 74
Appropriated from Tax Levy to Cemetery Fund 3,000.00
Reserve for current obligations - Gen. Fund 25 ,037.90 31,126. 64
Surplus :
General Fund 35,293 . 61
municipal Water Department _ 27 ,089,10 65,353. 41
$750,701. 94
STATEMENT OF r: ISCELLANEOUS REVENUES
1. Special Taxes !�Q,97iy.b ,
2. Licenses & permits WOO
Fines & penalties 31072. 1''
.
Franchises & priveleges 510.00
5. Interest 5,016.0
6. Gifts & donations 9,400.00
7. Sewer Assessments 850.25
5. General Government 178- 60
9. Protection of persons & property 44.o0
10. Conservation of health 211.55
11. Sanitation & promotion of cleanliness 1,502. 35
12. Charities & corrections 2,235. 17
J. Highways 202. 36
. Public Utilities - N6n-Coamiercia.l 7,218. 41
15. Recreation - Parks, playgrounds etc. 2,665. 66
16. Miscellaneous 354.55
*Total, Miscellaneous Revenues ` 90,552. 15
17. *Lunicipal Water Department Revenues 137 ,139, 95
_ 5 _
STATEMENT OF EXPENSES
1. General Government
101. Aldermen or council 746.72
102. Mayor 1,60.29
101. City Chamberlain 7,348. o
110. City Clerk 8,545.43
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 9,3307 9
116. Office of City Engineer 9,063-99
117. Elections 3,902.12
115. 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. 36
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. 15
11. Protection of Persons and Property
130: Bureau of Police - Police force 44,345.16
132 Bureau of Fire - fire fighting force 411176.44
133. Bureau of Fire - buildings & grounds 7,792. 43
135. Plumbing Board 150.00
137. Sealer of Weights & Measures 992.55
149. Electrical Board - - -
1 0. Zone Appeal Boa.fd 5.23
Total Protection of Persons and Property $95,195.51
111. Conservation of Health
150. Administrative Expense n 025.76
151. Conservation and inspection 4521.02
152. Isolation hospital 634. 10
154. Venereal Clinic 1,093•45
155 hiscellaneous health clinics 3,;26.79
152. hosquito control P69.02
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. Sewage Disposal Plants 12,427.79
Total Sanitation & Promotion of Cleanliness $55 ,134. 75
V. Highways, Creeks & Bridges
151. Highways - Care and maintenance 76,19F.04
152. Snow & Ice removal 2,750: 15
15 Highways - buildings 2 ,115. 56
151• Bridges 2 ,092.60
155. Creeks - - -
Total Highways, Creeks & Bridges $83,156. 35
- 6 -
Vl. Charities & Corrections
190. Administrative Expense 2 ,849.06
191. Charity Relief 294. 0
094. 3
191. Nome Relief 1,707.04
192. Care in families 1,991. 79
19 Care in institutions 2,034. 72
191. Care in hospital 9,796.44 $43,473.44
V11. Old Age Security
200. Administrative Expense 2,302.81
201. Old Age Relief 361 13- 55 38 ,716. 36
Total Charities & Corrections $82,189.80
V111. Recreation
230. Park Department - General 7 ,969. 46
231. Playgrounds - Percy Field 1,085. 14
232 . Public Baths - Stewart Park 5,622. 10
233. Band Concerts, 4th. July celebration 1,000.00
234. Memorial Day observance (G.A.R. ) 147. 55
Total Recreation $15,824. 25
1X. Public Utilities - Non-Commercial
250. Public Parking Area $ 4,297. 23
X. Miscellaneous
260. Judgements & Settlements 104.89
261. Refunds and cancellation of taxes 255- 75
262. Tax sale purchases 665. 44
Total Miscellaneous 1,026.08
X1. Municipal Indebtedness
270. Bonds paid 55,000.00
272. Interest on Bonds 1,581. 255
273 . Interest on temporary loans 867. 6+
Total Municipal Indebtedness $97,448.89
INPROVELENT FUND
Rev nue s
Cash Balance Jan. 1, 1931 162665. 18
Receipts from Stewart Park Commission 13 ,500- 00
Returns on Paving & Curb & Gutter Assessments ,016.40
Refunds on work done 4,300.2
Stock (:Materials & Supplies) on hand Jan. 1, 1931 5,63 .9
Balance December 31, 1931 120,77. 47
223,916. 14
Disbursements
Construction of Storm sewers 44,724. 3
Sanitary Sewers 19,222.44
" Curbs & Gutters 27, 136.91
n n New Pavements 11,857. 58
Resurfacing 28 ,652. 74
Bridge Construction 12 ' 0
Stewart Park Improvements 37, 7 7
Airport Improvements 1,917. 70
Purchase of properties for rt/wa.y 41091. 68
Grading Teughannock Blvd. 14,137. 38
Bond Issue Expense 936. 59
Miscellaneous Work 17 ,894. 78
Stock (Materials & Supplies) on hand Dec. 31, 1931 3 , 523. 04
$223 ,916. 14
- 7 -
EMERGENCY YORK RELIEF
Revenues
Contributions 1,314. 36
Balance December 31, 1931 11,815. 90
$13,130.26
Disbursements
Administrative Expense 1,129.06
Storm & Sanitary Sewers 9,x07. 65
Miscellaneous 2,493- 5-5
$13,130. 26
CEMETERY FUND
Revenues
Cash Balance January 1, 1931 694.55
Appropriated from General bound 3,000.00
Cash receipts during the year 1931 455.91
Care of lots 191. 91
Burials 259.00
Sale of old lawn
mower x.00
Interest on funds held in trust by City
for the care & upkeep of Cemetery Lots 755.49
Refunds on private work 135. 17 $5,071-4F
Disbursements
A. Salaries & pages 4,212.00
C. Office Expenses 59.05
G. Materials & Supplies 1 3. 19
Cash Balance end of year 67.21
$5,071.45
MUNICIPAL WATER DEPARTMENT
301. Operating Management Expenses U,90 .6
302. Collecting System Expenses 5,705.11
303. Purification Expenses 10, 70.21
304. Pumping Expenses 14 74.24
305. Distribution Expenses 31,974.34
72,632. 55
306. Interest & reduction of Bonded Debt 34,255. 00
325 . Consfruction and Permanent Improvements
Hydrants, New Mains , Valves etc. 19,507 . 75
New Administration & Service B1dgs. 35,536. 53
Stock (Materials & Supplies) 3,114. 65
Total Expenses of Water Department $165,676. 54
CAPITAL & SINKING FUND ACCOUNTS
Balance Sheet as of Dece__lber 11, 1931
ASSETS
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 ,7,50.47
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, 727,7m0.47
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SULMARY OF RECEIPTS AND PAYIENTS
RECEIPTS
Income on Investments 552. 50
Interest on Bank Balances 476. 2
Contribution from dva.ter Department 20,000. 00
21,028 .76
Cash Balance beginning of year 1, 751. 71
X22,750.47
PAY1MNT T S
No . payments during the year 1931
Cash Balance end of year $22,750. 47
n
TRUST ACCOUNTS
Balance shee' & of becember 31, 1931 .
ASSETS
Trust Cash 57., 566. 30
Workmen' s Compensation Res. Fund Inviats. 5,000.00
Active Firemen ' s Relief Fund Investments 1,000.00
$63,566.30
LIABILITIES
Workmen' s Compensation Reserve Fund 241831. 39
Active Firemen' s Relief Fund 17,455. 1.1
Veteran Fireman' s Relief Fund 10,422.09
Perpetual Care of Cemetery Lots Trust Fund 7,751. 52
General Insurance Reserve Fund 3,106.20
$63 ,566.30
SUMMARY OF RECEIPTS & PAYEENTS
RECEIPTS
Workmen' s Compensation Reserve Fund 4,492.09
Balance beginning of year 20 39. 29
2401-38 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
PAYMENTS
Active Firemen' s Relief Fund 1560. 53
Balance end of year 17,455. 11
19,315. 64
Balance end of year Workmen' s Comp Res. 241831.38
Balance end of year Veteran Firemen' s Rel. Fund 101422.09
Balance end of year Per. Care Cemetery Lots 7,751. 52
Balance end of year General Ins. Reserve Fund 3 ,106.20
$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 $118 , 595 03
Receipts
Current Cash TZ),073. 76
Water Cash 185, 558.26
Water Dept Sinkinf Fund -Cash 21,028 . 76
Trust Cash. 9, 562.45
11174,223. 23
TOTAL $1, 322 ,0318 - 26
Payments
Current Cash 997, 105. 1
Water Cash 214, 676. 5
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.