New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-02-22
Nsu51nrk DAILY Gribn,re,
THE FINANCES OF THE CITY.
ANNUAL REPORT OF THE CONTROLLER,


City wss sent 10 the Board Of Council men last night;
DIrARrxIyr OF FmncG. coSTsoLLEss OFFICE:
CITY OF SEw-YoRK, Feb p, lG'a y
To n. Co~no. Council.
TIE Controller in compliance with the requirements
Of The twenty first section Of the amended Charter OF
ls49 aud the one hundred and second section OF The
oroiIGrce Of the same year, organizing the Depart
mtD's Of the City Government, respectfully submits
H. follow ing Report;
TIE receipts and expenditure. Of the Corporation,
during the year ending on the Bis, December, lo'4,
e1clu,ive Of the Sinking Fund get apart for the pay
nebt Of the debt, have been IA follows:
EXPENDITURES from AN. !, 1884, 10 Dec.
81 Of the ZANE year. ..slO. 1874 SIC ~
Receiy ed from ell sources, except the
Sinking Fund, during the same year s,'44,3Io %
Frnerdi,vres more than receipts. 81, OlO, 299 As
Staten .pt No appended TO this Report, givos the
repeyal be acs Of expenditures and in corresponding
column. the amount received into the City Treasury
from tsxet ard a sources, except from the revenues
Of The SiI king Fund.
Statement No. shows the expenditures and re-
CENTS Of the City Government proper, and Dot IN
cluopg eth Trust Funds or the Stalking Fdnds Tor
the yesr ending Dec. 81, 1854 The totals are as fol-
lows, w:
E,ptndItures for the support OF the
Cry Government. .......-..----.. S3,936,O15 %
R.ceirts exc.u, from tax4'on...... $3.50 80
BAlsr ce PAYABLE from tax stion. 80, 36S ! IS 20
Statement No. shows the expenditures aud re-
celfs on Trust and Special accounts from which the
Sinking Fund il excluded. This table embraces tne
large sums received and paid count OF Revenue
Boz DIS, which aye Issued to anticipate the annual taxes
for the support Of TIE Government: also the sums
paid for OueDng grading and paving streets, where
ibe work lie done by assessments on the properly Den
Fitted and the ,sue Of Assess nent Bonds to ancl-
pate the collection Of these assessments III includes,
also the State Mil Tax, the amount received for the
free sci ools Of the state and the levied by tax
for the support Of tho common schoois OF the Clty
Tie totals Of this table are as follows;
Payments, (see No. 3,).....-.......so,2i5 ,242 OF
R.c.ip,s ...................... 5.0j9 1913 30
Receipts ess than payments. ...-.-s Use oi4 81
BY referring TO the items Of Streets Opening,
and Streets Paving, it will be seen that there mas
been paid the total rum Of 81 40e ,93s "a and that
n e payments into the Treasury by the Collector OF
Assessmebs and Clerk OF Arrears amount only TO the
sum Of $3.50 3l7 o.; showing difference against the
Treasury between payments and receipts, OF sSl9,-
go 80
The sun Of s74 900 has been paid for the Ca'harlne
and Urion Markets, aud for Firenen's Hall. These
.ums are to be reimbursed from Building Loan Stock
No 2. Aso $40 600 to the Governors OF the Aims
House ia be reimbursed by loan TO be made under
Chapter 3l3 Of the Laws of 1854.
THE SINKING FUNDS.
The ordinances of the Common Council have ea.
tablisled separate Sinking Funds; one for the psy'
ment Of interest and another for the reimbursement
Of The principal Of the City debt. All the real eaate
belonging TO the City, and the revenues derived from
nearly all sources pledged TO one or the other OF
these funds This leaves the current az nua expenses
Of he City Government to be supplied manly oy d.
rect taxation. 80.
The suns received and expended on account OF tue
Sinking Funds, for the year ending on the 3ist De-
G.. mber 1854, have been as fou )ws J..
Received on account Of the fund for redemption OF
the City oebt, during the year. 500, ~ 81
Balance in bank, Jan. l, ls54.-....-.. $1,000 w
Total .......slls4 063 Ell
Paid from The same fund ......... l66, eco SO
Balance in bank Jan. /, ls55.... <l7,4O3 %
Received on account OF the fund for the 80 -.
payment Of interest the debt. 81 2o6, sO2 p
Balance in Treasury Jan. l. ls54...... 4si,so9 50
TOta. ............---.- b'VA w
Paid for interest on the City debt, in
vested, &c.....-.. i'''',0~' -
Balance in Treasury, Jan. l, 1855 e3l6,94o SO
Statement No gives the several items OF receipts
and expenditures on account OF the sinking una 10,
the payment of the principal OF the Clty oeo', ana
No 5 the items Of receipts and expenditures on ac-
copnt of the fund for the payment Of interest on the
The balance, subject to the draft of the Commits
soners Of the Sinking Fund, on the lst OF January
inst, was 1884 343 SO.
Statement No. shows Il total amount of the per-
msnent City Debt, and sso the means sccu nulated
by the Sinking Fund for its payment:
The debt on the LIST Of January, 1855, amounted 10
The sum of. ......................sl39 900, $50 90
There were, at the same date, IN the
hands of the Commissioners OF the
Sinking Fund, applicable to the re-
oempilon Of this debt. ............. 9,iI,5Vo o.
Balance uDprovided for. .....--..: es,lss,5i7 3s
No portion OF the principal of this debt has been
paid curing the year, as none OF the cefthea'es De-
came due. The fund for the redemption OF the DEBT
however hos increased from o. 63l, l67 L. In JAN
nary TO S5l7l 30s co. in January 1850, equal 10
an Increase Of $40 lH 44for the last year
Statement No shows the Stocks and other secur-
ties held by the Commissioners OF tue SnSiDg uha
for the reimbursement oi the oeo' the 'o'ai Vi
il given above.
DEBr PAYABLE BY TAXATION.
Statement No : shows the amount OF deoi redeem
able from year to year, by dir CT taxation ne Total
amount of this debt is 81 l5i 600 This debt has been
Increased Elsa 900 by stock issued under an act
psssed in 1853 chsp. 30l,l which Authorized that
sum 10 be borrowed on stock reimbursable In 1873
The mopey was required to pay on the mortgages on
the real estate surrendered 10 the City by tue Pu,
"Hc School Society Of the City Of New YORK Inc
law uuoer which Ibis loan made required the e.
tsblshment Of a Sinking Fund, by taxation, for the
II i'm bufse ment OF the loan in t~eniy years. ine
lean is at per cent requlrf an snnus tta, 70 pay
iiiersst OF g. zoo The annual tax for Sinking Fund
70 ray the principal in twenty years requires 10 De
raised annually o. 80, equal 70 total TAX OF
sl2.3J7 80 sacn yeas.
There was nPsid L. lsS4, on account go, o.
the lOsD for building stock No. :, the SUN oi s'Vo'V'
which had been rsistd by TAX.
TOTAL OPERATIONS Oh THE TREASURY IN 1884.
The following statement 10 n summary OF tue
amounts paid out Of She Tr ssury, aud received into
IL on account of the Sinking Funds the ordloary sup
nor, of the City Government ana the several trust
Fupos, for opening, grading and paving streets anu
Gov, ring tie entire operations of the Treasury:
4. .,oxn r. .t..emep: 80 sl.3ls 81
ON account OF the Sinking F1no Tor
me Ps.mentt = 80. g WV. I,Ie6, $50 Sc
On account OF Sinking Fund, for the -