Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1890-03-18

The balance includes the balances of
Mr.. Turner and Mr.. Hamlen. The dis
bursements include all rarrants drawn dur
ing the past year whether paid or outstand-
ing. The actual cash balance will there.
fore be more than here stated.
A year ago the auditor In his re.
port stated the city debt bond,
temporary loans, and coupons
past due, to be t:0e,QN 20
Add bills not reported as liabilities, 1858 Is
And the liabili,ie. correctly stated
were s3i9.24o Is
The trust funds stated in the auditor, re-
port, form TO part of the city debt, and are
expressly excepted as such in the constitu-
ton Of the State. The only liability on
their part imposed on the city 10 the annual
pay ment Of interest.
On page I02 Of the same report the "net
undrawn" is stated at s9, ,l60 81.
OF this amount on page l0l the account
Of Cony High School stands undrawn
S9l096.
This agrees substantially sith the MAYORS
ledger at that date. but the practice Of
charging back to the previous year, which
began in 1884, has pl.ced the accounts in
such . chaotic state. that no auditor could
be blamed for any conclusion ne might
arrive at. The report of the Committee on
Cony High School, page 50 City Reports of
last year, shows the account OverJrswn
4l35 65, and this agrees with the treasurer
account at the same date The difference
between 500 90 undrawn and sl35 G5
overdrawn is 81, ,046 81; hence If the other
state ments are correct, land am not dis
posed to pursue the inquiry further in this
direction,) the net undrawn should have
been stated at ss,114 20
But on pages 9S, 81 and 98 ve found ou,
account for the year 1887, which on page
98 shows = Net overdrawn" of -. 1874 So
This vac paid from the funds 1888 and
must be deducted from the undravu oi
| 1888 TO give the correct standing Of the
city. accounts leaving urdrssn Of 1888 in.
stead Of sS,ll4.20, 90 3794s. The cass
does not, however, rest here. II the same
procefs be followed through the report,
for 1887 and 1886. We shall find the "Net
undfawn" for 1889, changed to an over
dfawn account of Sl,455 81 will moi
! pursue the enquiry further, the ab.urdity
of such system is too apparent TO need
argume mt, my predecessors have followed
. bad example, which could have bad bu
one object, that of making good showing
At the end of the year regardless OF facts
| The city ordinances require the Mayor e
keep detailed account Of receipts and dis
bursements, with the treasurer, collector
and with the several departments. For 4,
number Of years this has not been done
resulting as | believe In the payment Of
many bills . second time. Under the sys
tenn, il system il may be called. which ha
prevailed, there Is 10 possible means O
determining whether or not bill has bee,
paid. system should be adopted for tn
government Of every city oficer. and h
should be required under penalty TO folio,
it. Extended accounts Of disoursemen,
~ much in detail ~ possible should b
printed in the city reports, that the citizen
may be informed where their mo2ey goe
and for what purpose.
4 LIABnITrEs.
i The liabilities are:
City bonds, s2ss 800
Temporary loans of isss. x2.6oo
Temporary loans Of the past
year. $500
! ss4o,sO
, Cospoas ps 1t due, ans %
Al other outstanding bills e.
: timated, 500 %
! 2,75
Total liabilities, t343.z1s
Ths liabilities March, 1859, were, 3iS.2so
.. Increase. szs.s4
. Net increase Of liabilities less
FseeaFses. M&2A