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HomeMy WebLinkAboutMN-CC-1933-04-05 258 CITY OF ITHACA,"krE7 YORK. COTT"011 COU=NCIL PROCEEDINGS REGULAR KEMING APRIL 5, 1933. PRZS71TT--Herman 3ergholt z,Mayor. AlderMen—Causer,11yers,Gill, Sv.i:-ions, Comfort, 3Wg0,.1s1-,y, Ca-.-.ipbell, Hoff:--ian, Lowe, Toirnsend. Attorney--T reinan City Judge--Crowley Chief of Police—*,.7ars'liall City Chamberlain--Snyder IJITUTES 7.:inutes of the preceding -leetino, a, CD ivere duly approved. By Alderi-mn Ca;-.iT)bell: seconded by Ald. Causer: RESOLVED: that the action taken by the Co-.-,,'-.ion Council at their special -.'Ieetiag L_A3, 1933 and the :,7 inutes of the proceedings thereof be and the sa.-,ie hereby are taTr)roved rio_-id confir-,-,ied. Carried. AIR .-,.:APS C. S. Robinson explained his offer to furnish large and detailed air --la-ps of the City and surround- ing territory- the proposal having bee-n originally presented to �he planiiiii- Co-.--iiission and referred by the-.11 to the 0om-,io-.-_, Council. The .-..,--Lyor suggested that the proposal should be nresented to the Boar(: of Public forks and that a- request for an tro-propriation should come from the 1. *,.-',r. Robinson agreed to -present the -.latter to the Board at t','ieir next :-.ieetillg. AUCTIONERIS LICENSES. The ;Matter of drafting an ordinance to regulate auctions and the licensing OIL auctioneers, has referred to the Ordinance Co-•--L-iittee and City Attorney. DAYLIGHT SAVING. Before taking any action on the adoption of "Daylight Saving" the Alder-len requested the Clerk to obtain a statement fro---.i nearby cities as to whethcr or not tney would adopt daylight saving this year. FAIRGROUNDS A formal offer to sell the Fairground property to the City for $21, 000 ras received from i7altar J. :c0on-..iick- On v.1otion of Alder-ilan '..,yers the .-.ayor appointed a Special Ca.ry.-.1ittee co-nsistinL­ of Alder-.-.iei1 "_yens,-3 1 HO'L-;'-,-_ia-n, Rogalsl7c , Lowe and Townsend to consider the ._L �; offer and report at ­U'Lic ne.-It -,-ie',U i 1_1 BRIDGE et pu-,.-.DQ The Clerk reported that he had been requested to file a request in bc-lialf of t11c Board of public 77ork,c for an tvo-oronria,tion Of ,,9, 500 to repair and recon- struct the superstructure of JZ'he Stei-art- Ave-nue 3-ridge over Fall a-,.-id p5,a00 to replace the piu,-_iping oqui-oment at tiro 3uJL7fa1O-::cndO7 Strect Scorer Li ft- Station. The :'ayor reco-,-_i:_-o-ndod :-iaking an a-onropriot i Oil for the punps, but quos1kjioIj,:_,,dL the roQuest for i--mroving the bridge. By Alder--.inn Hoffman: seco-.'Idod- by Alder-.,-.ian Gill: RESOLVED:: thaU _ � 000 or so .:luck there of as !ay be noc-Ossary be and tlio sa-,-.io h,;rcbr , is ap-)ropri-atued fra-i the I-_-_i-orove-2­,1c-nt Fund to t-he Board of Public Tor .s for the purchase and installation of now pu:-x)i-ig oq1 ip--lo-it for trio Buffalo---oado1,7 St roet Sol-,er Lift St,,-1-tiO-j.-1- 0_T T 1 G C.- There was further discussion i-t-i roc,ard to t'd c Bridge improvo:-dent duri-_,,iE; t7hich Attorney Tro.-i'an Teco--_i.-.ondcd that it should be i­ roved or r,01mired in IP viep of lulic fact that t-',-io City has had 1L-,;_-1oi71E)dgc for so;-_.c ti-.--io of its dangerous condition. On of Alder ran ,n1oga1s'_,,-y the --iattuer ims re- feyTod to ti-Le Bonrd of Pifolic 7`orks with the i--.-iquiry as to whether or -,.-iot t-ho 3ridg-- could not be -.,-iaii-itai-_,-1ed as it isl on a 5 ton load li-Mit basis, for another year. CITY OF ITHACA NEW YORK Office of the City Clerk --ANNUAL FINANCIAL REPORT-- 1932 Hon. P,faycr and Aldermen of the City of Ithaca, N. Y. Gentlemen; Pursuant to the provisions of the City Chester, I transmit herewith ..iy Annual Financial Report for the fiscal year ending Decez,ber 3l, 1932• Budget Sarnmary & Comparison 1 0 193r 1?32 Su-Y-plus of prior year 3 . 38 1 , � �0 20,00 C ..00 Estimated Revenues 71 , X9: 13 71, 26. 65 83 , 503. 40 Tax Levy 2549 44 a,, ,i 44 2F-8 . 60 Total Pudget $501 , 000. 00 :E26,043 00 $X,50 , 762. 0 City Tax Ccllce�tion Sunii-,iary & Comparison Total amount of taxes levied 39-. , 528. 49 443 , 953 . 85 44-7) 258- 60 Amount bid in by City at Sale 907. 61 309. 7 2, 707. 29 Unpaid end of fiscal year - - - - - - -- - - Tax Rates & Compa.r i son City Rate per value 10. 40 11. 60 11. 60 C;chool n If If It If 8.90 8. 40 7. 60 State & County It if if 6. 10 6.70 6. 36 Total Tax Rate "2 . 0 ?�2 30 P:2� 5. 5 Property Valuation Comparison Assessed value real property 59 , 136, 155. 61,890, 750. 63 ,539, 660. it +► exempt If 21 , 565,780. 24 66 250. 26,o 4 260. * Net ++ ++ taxable real ++ 37, 570,375• 37 , 524, 500- 37, 795,400. Assessed taxable value of special franhises 749, 672. 747 , 84, - 61. 6. Tot . as s' d value for taxation $3S ,320.2047. 271 *Recapitulation of Valuation of Tax Exerm)t Property Pension �T_- 250 Clergymen 10, 500. Charitable & Hospital 567 , 225. Religious, Churches etc. 1, 270 , 250. County Property 203 , 900. U. S. Government Property 225,900. N. Y . State Property 1�Qo. $2,364,975. EDUCATIONAL Public Schools 1, 757 , 2"-0. Parochial Schools 52, 75. Public Library 125, 475 . Conservatory of Music 363 , 6Fo. Cornell Univ. & i,T. Y . S . College 19,325 , 65. Tompkins Co. Ag. Society 17 ,000. Telluride Association 140 ',450. 21,75,35. CITY PROPERTY Parks, Playgrounds & Ce;neter 250 , 925. Public Utilities 1,266,02 . Fire Department 161,3525. Charitable & Hospital 54, 900. Other Grounds & Pldgs. 130 , 225. 1 900. Total Value Exempt Property 2 0 !.2 0. Ratio, as&essed to full value - 90j'o. Frznchise equalization rate , 55�o Pcp. 1930 census , 20 , 729. ;Estir.ia.ted 193_ (U. S .Pub. health Ser. ) 21,r27 There are also over 7 ,000 college students who are residents for about nine months of the year. It is pertinent to note that 40. 8% of our real property is exempt from taxation. 2 - Summary of Bonds paid during 1932 Issued Title Redeemed 1907 Creek , Drainage & Park x,000. 00 1919 Improvement , Series "A" 10,000.00 1919 11 it "B" 10,000.00 1924 it if "C" 101000.00 1925 " it "D" 10 ,000. 00 1920 " It II F II 5,000-00 1925 Public Grounds & Bldgs "A" 5,000.00 1925 it it it It "B" : 5,000.00 TOTAL $60,000.00 Bonds Outstanding Jan. 1, 1933 General City Bonds }1, 100,000.00 School Bonds 285,000.00 Water Bonds :>347 ,000. Less Sinking Fund 89, 911. 257,009.00 Total Net Bonded Debt j1,722 ,009.00 Including temporary obligations, our constitutional debt limitation at present is 3.0 out of an a,:1owable 10%o. Floating Debt & Special Assessment Debt - none. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * HOW YOUR CITY TAX DO? LAR IS SPENT TAX BUDGET ,EXPENSES & COIIPARISO'N `01,1ITH PRECEDING YEARS ON PER CAPITA AND PERCENTAGE BASIS Cost Per Percent of Capita. Total Cost 1930 1931 1932 1930 1931 1932 General Government >3. 52 ?� . 16 27 14. 5 .12. 7 12. Protection of Per. & Prop. 5. 21 . 0 . 26 21. F 10 . 416 Conservation of Health . 71 X75 . 69 2. 9 3. 0 2. 6 Sanitation & Cleanliness 2.02 2. 79 2. 52 11.6 11.2 9.7 Highways, Creeks & Bridges 4. 71 4.00 2. '50 19.4 16.0 10. 7 Charities 1. 43 3. 95 5.13 5.9 15. 9 19•8 Recreation - Parks etc . 51 . 76 . 71 2. 1 3.0 2. 7 Parking Area & Comfort Sta. . 23 . 20 . 20 . 9 . Miscellaneous .07 .05 1. 51 .3 . 2 5. 0 Municipal Indebtedness 4.61 4.69 4. 96 19.5 15.3, 19.0 Constr. & Per. Imp 'mts . 26 - - . 01 1. 1 - - - ;�24. 20 j24. 93 <;*'26.06 1000 100 '0 100'0 With pardonable pride , may I point out that during 1932 , in spite of the depression and its resulting tremendous increase in our Public Welfare exp�?enses (410% above 1929)`i,,e maintained a relatively low tax rate with &0% of our real property tax exempt , we lived within our budget and again closed our fiscal year, for the 20th. consecutive time , with ,a small percentage of bonded debt , no current or floating debt , taxers collected and a, very comfortable cash surplus. As tivith the individual, so with the iiiunicipa.lity; the process of acquiring financial ease and corlfort is exceedingly simple and very, very old: sound financial management and live within your income. - 3 - The following are the formal 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 they are al`rays open for inspection. CURRENT ACCOUNTS BALANCE SHEET AS OF DECE .1BER 31, 1932 ASSETS Current Cash $112,762.76 Water Cash 1,745.82 y114,505. 58 Water Rents Receivable 19,408. 14 Water Accounts Receivable 63. 22 Miscellaneous Accounts Receivable 21405;78 Current Assessments Receivable 45,6 2. 22 Tax Sale Certificates owned by City 2, 6 3.04 Tax Deeds owned by City 461425 Due for Street Opening Permits 15.6 Due from Other Accounts , 7 Bank Stock Taxes 11, 908.48 82,535. 78 $197 ,047. 36 LIABILITIES Improvement Fund $ 41,767.53 Cemetery Fund 264. 63 Reserve for Current obligations - 1932 37 ,013. 11 Reserve for Current Ass'mts Rec. 45,632. 22 Reserve for Miscel. Accts. Rec. 2 ,405. 70, Reserve for Tax Sale Cert. owned by City 2, 643.04 Reserve for Tax Deeds owned by City 461. 25 Reserve for Advance pay 'mts on Sew. Ass 'mt 631. 90 Due County Clerk - Ya.rriage License 15. 00 Work Relief Allottment 489. 66 Temporary Loans 11,908.40 $143 ,242 . 33 Current Surplus General Fund $32, 557.85 Municipal Water Dep ' t 21 ,217. 18 53 ,805.03 $197 ,047 .36 - L�. - SU1'7"t.IARY OF CURRENT REVENUES ANK EXPE-27'13)E I S Revenues Surplus of prior year 8 ,293. 61 .1-7 Taxes of current year - amount of levy 41c� ,2=1. 60 iiiiscellaneous Revenues 117,503- 38 Various F.E-El).11(: -, 7 ,9 1: ;roan 1 E, Unused '.Oal- of Res. for Curr. obliFlns -1931- 29,22--D- 72 Public 'Jtilities Co.-.amercial 1,'un ic i P a I -7p t e r D t Sur-r)"-us OF Tior year r' 7,i o, i L Expenses Government -1 7C) 2 02 Pzotectlion of persons & property q 1 7 r)7- r,)11- C a q - tio-r of Hr -uh 14 oi , erv1-1L .1 Sanitat-ion & -orci-,i,)tion of cleanliness 1 7 Highways, Creeks &- bridges 6c ,i-V 98 -/1 r-�- Charities Corrections ITO) 4 C), Recreation Parks , plq,yFrounds etc. 1� , 17 7 Public Utilities -- 1\Ton--Co,,,m-.qercial 45 T."Liscellaneous 32 liuni :L al -3 Indebtedness lo6, 1 Constr . & Permanent I1,iprcvei,ients 203. 2; 7,60,267- 17 Municipal Water Dept I _01.. q/' Total Current Expenses 709, 369- 13 1932 City Taxes expun�,ed 61.40 Appropriated from Tax Levy to Ce�,,aetery Fund 2, 670.00 Res. for Current obligations "Ten. Fund 37,01r,-81 39,727. 2q, Surplus: General Fund 7-5 5 ✓iunicipal Wa,ter De-ott 21 217. 18 ',3,3�0 5-0 17 $8o2, goi. 4-- T STATE'-,.- NT OF 1ijISCEL.�JAYEOUS REVENUES 1. Special Taxes I, 40, 79LL. 20 2. Licenses & -,Der--qits 1,377.00 Fines & penalties 2, 015.20 Franchises & privileges 5.0.00 5- Interest & pena I t 4 es on Taxes , etc 11,477. 16 6. Interest on-Bank Balances 1, 545- 30 7. Gifts & donations 7, 500-00 8. General Government 954. 14 9. Protection of persons & property 611-2. 17 10. Conservation of Health 3`7- 90 11. Sanitation & pro-i-iiotion of cleanliness 2, 1.71.01 12 , Highways, Creeks a- Bridges 1. 22 14. Charities & corrections 79, 41Q. 28 1 -, Recreation - parks, playgrounds etc. 1 15. Public Utilities - Yon-Co l,11-iercial 6,'4' 7.47 16. Miscellaneous 920.o4 $117-,-103-. 33" 17- Municipal Water Dent Revenues Metered Service 133, 665-37 Interest on Bank Balances 221,05 Hydrant Service 1, 647.20 Service Repairs & installations 1,20�- - 3 N .Y. S. Refund on Work Relief 3, 29;� .N Miscellaneous 3,189- 15 %43,229- 34 STATEMENT OF EXPENSES 1. General Government 101. Aldermen or council 79 .14 102. Mayor' s office 3,300- 43 108. City Chamberlain' s Office 7��, � -70 1, L7 1.10 City-Clerk' s Office 111.. Assessors' Office 7 72f" 112. LavT Dep ' t . - office of corp. counsel 2) 1_-��, =-2 !I'. ",ivil Service Com:.nission _)5 , -1 �!) 1, ,55 -'-'ice of Supt. of Public Works 7,071- -l' L o6 11 6. Office of City Engineer 7,753- 77 117, Elections i9367-51 118. city court 5,161.43 119. Municipal Buildings & Offices 5,954, 95 120. City Hospital 301-00 121. Sinking Fund Comi,,iission 27- 50 129. Preparation of Jury List 80.00 129. Employees ' Retirement System 14)011-5.84 Total General Gwernment ,.$70 ,261. 92 11. Protection of Persons and Property 130. Bureau of Police - Police force $43'411. 20 132. Bureau of Fire - fire fighting force 41'2' '�zq - 30 133. Bureau of Fire - bldgs. � grounds 5,531-03 135. Plumbing Board 180. 18 1�7- Sealer of Weights & Measures 933- 5;5 1 0. Zone Appeal Board 27. 78 Total Protection of Persons & Property $91,703.04 111. Conservation of Health 150. Administrative Expense $4,987. 75 151- Conservation and inspection 4,386- 32 152. Isolation Hospital - - - 154. Venereal Clinic 1,024.23 155. Miscellaneous Health Clinics 3, 504.87 156. Mosqiuto Control 902- 51 Total Conservation of Health $14,`05. 65 1V. Sanitation an d Promotion of Cleanliness 160. Sewers - General X7,907. 65 161. Street Cleaning- 7, 66Q.Oq 162. Refuse & garba,g-e collection & disp .2554()0- 55 164. Sewage Disposal Plants 13 ,093. 95 Total Sanitation & Promotion of Cleanliness $54,130. 27 V. Highways, Creeks & Bridges 181. Highways - care & maintenance $56,075. 17 182. Snow & Ice removal 1, 6o- �;8 19 - Highways - buildings 2�,6:154 184. Bridges gF , 99 rz 185- Creeks 4'o.46 Total Highways, Creeks & Bridges' ' $60,143. 98 Vl. Charities & Corrections 190. Administrative Expense '4,142. 75 191. Charity & Home Relief 49,701- 33 191. Care in Hospital 10 ,441. 76 $64,285.54 Vll. Old Age Security 200. Administrative Expense $ 2,059. 6 ` 201. Old Age Relief 411"063.03 46,122- 71 Total Charities & Corrections $110,405. 515 - 6 - -111. Recreation 230. Park Department - General $7,936L',-- 36 231. Playgrounds - Percy Field 59. 71 232. Public Baths - Stewart Park 5,75 . 42 233 Band Concerts , 4th. July celebration 500. 00 234. . emoria-1 Day observance (G.A.R. ) 74. 25 Total Rscrea.tion X15 , 171. 74 1X. Public Utilities - Mon-Coi.rserci?.1 250. Public Parking Area 4,363. 45) X. 11iscellaneous 260, Judgeilents & Settlements X122042.73 2602 Tax Sale Purchases 4,350- 12 260 Fire , Liability & other Insurance ,624. 41 2604 Contribution to Cornell Library Ass'n. 1,32;.00 2603 Dues to N.Y. S. Wpterways Ass '-n 10.00 261. Workmens' Compensation 3,591. 94 262. Emergency Work Relief Bureau 6,274.56 263. Miscel. Work Projects _ 929. 10 Total I.iscellaneous (?32,448 . 16 Xl. Municipal Indebtedness 270. Bonds paid $60,000.00 272. Interest on Bonds 45, 550.00 273. Interest on Temporary Loans 1,077. 13 Total Municipal Indebtedness $106, 627. 13 X11. Construction & Permanent Improvements 275. Traffic Signals $ 203. 25 Total Construction & Per.ia.nent Improvements 203. 25 1.1UNICIPAL WATER DEPART E11T 301. Operat inM 1.1ana.gement Expense ?,'11 27r,. 65 302 . Collecting System Expense !!, 667.55 303 . Purification Expenses 11,��97. 5�4 304. Pumping Expense 12,c, F. 11 305. Distribution Expense 25,921. 75 X65 , 607. 96 306. Interest & reduction of Bonded Debt 29,2 5.00 325. Construction & Permanent Iinprove:nents : Hydrants, New mains, valves etc. --39,1!37.35 New Venturii iieters 3,975.05 it VanNatta Pulps ttI )825. 92 Amnoniator& Chlorinator 2 ,911. 50 51, 55• ` 5 Stock (1.1aterials & Supplies) 53. 15 Total Disbursements ,Iunicipal a7ater Dep t149,101. �? CEMETERY FUND Revenues Cash Balance Jan. 1, 1932 64.7. 21 Appropriated from General Fund 21650.00 Care of Lots 265. 60 Burials 465. 50 Interest on Trust Funds 439. 99 Refunds on privpte v,iork 113. 39 4, 554. 69 Disbursements A. Salaries, Wages `$42136. 25 C. Office Expense 57 .60 E. Equipment 10.00 F. TJlaint . of equipment 20. 10 G. I:Za.terials & Supplies 96. 11 4,320. 06 Cash Balance Dec. 31, 1932 264. 63 X4, 554. 69 - 7 I-IPROVE1,1ENT FUND Revenues: Proceeds of Bond Sale "'271', ,242. 25" Improvement Assessments 23,95"' .39 Emergency Work Relief Allottment 10,700.00 Stewart P ark Com-,Liission 3 ,2-'-0. 99 Contribution - Cornell Untlersity 2,000.00 Refunds on privFte work 2,026.27 Miscellaneous 1,177. 56 x326,345. 46 Disbursements : To Balance Jc n. 1 , 1932 : 133 90t! . 73 Construction of Storm Sewers "10, 351. 67 it " Sanitary Sewers 65,132. 73 " Curb & Gutter 20, 601.23 Finish TU.ughannock Blvd. Grading 3,90'x• 23 Bridge Construction 19, 506. 75 Stewart Park Improvements 5,2),9. 14 SIiscellaneous 1 ,074.00 Bond Issue Expense 5,133. 64 Stock on hand Dec. 31, 1932 2,73J. 1 1;0,673. 20 Cash Balance Dec. 31, 1932 1,767. 53 026,345.46 CAPITAL & SINKI TG FUITD ACCOUi\?TS Balance Sheet as of Decerlber 31, 1932 ASSETS Capital Accounts City Properties "1,562,000. 00 Sinking Fund Accounts Water Dept Sinking Fund Cash '11,911: 73 Sinking Fund Invest.nents _78 ,000.00 59 ,911. 73 =T 51 2911.21 LIABILITIES Capital Accounts Capital Loans �1,'12,000.00 Sinking Fund Accounts Water Dept Sinking Fund Reserve 89,911. 73 Sur-plus Capital Surplus 50 ,000.00 ;1, 951,911.73 SU-u,ARY OF RECEIPTS i,D PAY'LENTS Receipts Income on Investments 06r,. 00 Interest on Bank B^lances 61'` . 93 Contribution from Water Dept 15 ,000.00 Miscellaneous • 75 'yla 604. 60 Cash Balance be?-inninrT of year 22 , 7150- 4.7 ,42 it-65. 15 Disburse_nents Purchase of <?'30,000. City of Ithaca. Improvement Bonds $-0,000. 00 Premium & interest on above 553. 42 5`30, 553 . 42 Cash Balance end of year 11,911. 73 `;42 ,46-. 15 - 8 - TRUST ACCOUNTS Balance Sheet as of December 31, 1932 ASSETS Trust Cash ?64,260. 74 Workmen' = Compensation Res. Fund Inv'rnts 5,000. 00 Active Firemen' s Relief Fund Investments 1,000.00 x,70,260. 74 LIABILITIES Workmen' s Compensation Reserve Fund 128 ,29814 Actin Firmene Belief Fund Vef�r. Firc.= ! L .ilief Fund 10,4L209 Perpetual -:e of O u. Lots Trust Fund 7, 17 , 02 Insurance Reserve Fund r;1! Generalr 2� . . ,t1 $70,260. 74 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * SUMMARY OF RECEIPTS AND DISBURSEMENTS Receipts Workmen' s Compensation Reserve Fund ,466.76 Balance beginning of year 24,831. 38 $28,298. 14 Active Firemen' s Relief Fund 3 ,685.97 Balance beginning of year 17 ,455. .11 21, 141.08 Veteran Firemen' s Relief Fund Balance beginning of year 10,422.09 10,422.09 Perpetual care of Cera. Lots Trust Fund - - - Balance beginning of year 7,751. 52 7, 751. 52 General Insurance Reserve Fund 2,148. 61 Balance beginning of year 3,106. 20 5,254.81 $72,867. 64 Disbursements Active Firemen' s Relief Fund , 2,602.40 Balance end of year 18 ,538. 6 ; 121,141.08 Perpetual Care of Cern. Lots Trust Fund 4. 50 Balance end of year 7,747.02 7,751. 52 Workmen' s CompensAtion Reserve Fund - - - Balance end of year 28 ,298. 14 28,298. 14 Veteran Firemen' s Relief Fund - - - Balance end of year 10,422.09 General Insurance Reserve Fund - - - 10,422-.09 Balance end of year 5,254.81 5,254.81 ?72,567. 64 - 9 - SUMMARY OF ALL ACCOUNTS GRAND TOTAL RECEIPTS AND DISBURSELTNTS Balances at Beginning of Fiscal Year Current Cash 1 17,884. 35 Water 9, 1194. 20 Water )er ' t Sinking Fund Cash 22, 710. 47 Trust '_'a.ss1-1 57, 566.30 3107,725. 32 Receipts Current Cash 1, 105,540. 91 :dater jash 16a,3 ;1 50 Water ii 3 ' t Sinking Fund Cash 19, E. 68 Trig.:=t Cash 9,3L1.34 1,299,180. 51 01,406,905.83 Disbursements Current Cash 1,010,962. 50 Water Cash 172,101. 96 Water Dep' t Sinking Fund Cash 30,553.42 Trust Cash 2,606. 90 11,216,224.75 Balances at end of Fiscal Year Current Cash 112,762.76 Water Cash 1,745.82 Water Dept Sinking Fund Cash 11,911.73 Trust Cash 64,260. 7 . . 190, 61. 05 01,406,905.83 March 1, 1933 Respectfully submiitted, James E. Matthews, City Clerk C. C. -2- 4--5-1933• Tv--Iporary Loan- The Clerk requested authority, i_z case it should Taxes becone necessary, to bor-roTI for curre_Zt e,L�cihSes in anticination of collection of this year 's 4axes. By Alder-mn Myers: seconded by Ald. Sa:_r:ions: RESOLVED: that pursuaht to the provisions of the City Charter and Section V of the General iiunicipal Law, as Mended, the City Cleric, from time to ti ae as necessity �iay require, is hereby aut_lorized to borrow for current City expenses and general care, maintenance and operation of the various offices and depart:.lents of the City of Ithaca, in the na .he of and to the credit of the City of Ithaca, He-c York, a sun or su;zs ihot to exccad �?5, 000 in a:hticipation of the collection of Cit-T taxos for the cur--e.ht fiscal year 1933, and the faith and credit of the City of Ithaca are here-ay pledged for the pay:lent and retire2ent of said te;.roort�ry loan out of the tactics to be received for the current fiscal year. Ayes--10 'oTays--0 Cstrricd and Arr)-oroved. ANNUAL The City C1erlK sub-fitted his 1932 An-:hual Financial FINA:CIAL Report a--ad the sa ge teas accented and ordered filed. REPORT. Alder-man S,-.-1.=?ons re-ported that the nurses zoT� CAR AI!TTEi?-- connected xvith the ;?elfare Depart ment, Who are paid A,10E !,TURSES entirely by the Sta.te, a_zd have been saving the city hospital-care e7menses; he recoil -:ended that 'the City pay their car :-Iileagc. By Alder-mn Causer: sdcondcd by Ald. Snix-ions: RESOLVED: that the City pay at tine rate of per -::ilc the car expenses for the nurses at '6'ached to tile z';el f are Depart..--lent. Carried. AUDIT By Alderman Causer: seco_ided by Ald. S ..� ions: RESOLVED: that the audit submitted and approved by the Finance Co°I pit cee be and the say:1e is hereby annrovod for pay:Ie:zt. Carried WOOD LOT PROJECT On reco .:l:endation of Alder:an Causer the clearing of the City rood lot near the City Hospital as a Wor'c Relief Project T+ias approved. EASTI:rAW I .C. Case Attorney Tre::lan reported that ::r. East.�m I s Attorney failed to a'r-)ear at tine recent Co..pe hsa,tio�h he,�sing a-nd, therefore, he had nothing to report . On :.:ot i on the :.<;et i;-.g was adjourned to reconvene at the call of the : a.•or. ;, � City Cleric.