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.