The morning call., 1893-10-08
aggregate s173,62S 26. of which the contingent
liabilities amount 10 S5S,O33. lhe condition
therefore of the fund is as follows:

therefore of the fund is as follows:
Street Department fund
Bills audited to october l............. $71,196 S5
Bills on hand to october 1............. 46,39S Al
For three months or an excess of S29,47U 26
over the amount allowed under the provisions
OF the one-twelfth act. 10 this amount must
be added the sum OF s58,O32 for contingent
front of public property. The actual expendi-
ture and liabilities created against the fund up
10 October aggregate about half OF the entire
for the year 5 ana care ss ana
CURED TO avoid creating large denclt III thls
fund.
The large number of lots owned by the city,
located all over the peninsula. entails great
expense for reet.imprOvements; the accepted
streets especially In the lower and business dis
tricts ana the repair and reconstruction OF sew
erS neceSSiuaie large outlay; but n0tW1tD.
standing these demands your committee is de-
termined TO enforce the provisions OF The one
twelfth act in the expenses chargeaDle to the
Street Department fund.
DEFICIENCY IN THE TREASURY.
The custom heretofore in making levy has
been to base the same on deduction OF ten
million dollars from the valuation OF real and
personal property as estimated by the Assessor,
so as to allow a sufficient margin Tor the coec-
tion of taxes on erroneous and duplicate
assessments and on this basis the estimates OF
the revenue To be received here have been gen.
orally correct The present year the levy was
based on an estimated valuation of S34O.OoO,-
600. As the asSessment-rol only aggregated
about S342, ,O0O.0 900, there Will be at least
100000 collected less than was estimated To
be received In taxes. AS no allowance is made
by the State for the making up OF the ASSESS
ment.roll. there will be an expenditure OF from
$4,000 TO $4,000, lor which no allowance as
heretofore will be made. The Sl60,000 paid
out OF the funds of this fiscal year for salaries
of officers for the month OF June with the other
increased expenditures hereiof0re referred TO
will presumably lead to aud swell the deficiency
of this fiscal year To about 100000.
The board has not exceeded the appr0pria.
tioDs made for the fiscal year 1S93-94. There
have been no allowances made by your COM
mlttee in excess of the one-twelfth law. The
Street Department fund, while showing ex-
pendiiures aud liabilities are largely In excess
OF the appropriation. has not been drawn upon
only TO The extent of that permissible, but The
demands upon the fund have been largely
brought about by unauthorized expenditures in
the employment OF labor on streets and sewers.
which. together with the large amount of about
sos, 900 Ia become due on contracts for public
work when performed. some OF which contracts
were awarded in tie last year, have SWeled the
Liabilities to the amount reported.
The municipal government must be carried
on, and exigences like the present demand just
and honorable treatment OF its creditors, whose
supplies, material and services rendered IL
practicable 10 maintain aud carry on and per-
form its functions in the interest OF the public.