The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-01-26
FINANCES OF THE CITY
CONTROLLER JOHNSON SENDS HIS
ANNUAL REPORT TO THE MAYOR.
Year 1S9. Commenced with a S1,424,-
d Debt-This Years ApprOpria-
lions Are quite Sufficient.

Yesterday Controller Johnson sent his an
nual report to Mayor Taggart. The report
sets out in full the financial condition of
the city. Besides giving a large number of
tables it gives in the introduction some
figures especially separated to show some
of the important facts. The report Is adj
dressed to the mayor and begins as follows:
As required by law l herewith submit a
report of the financial department for the
fiscal year ending Dec. 81, 1896. The state
ments and tables therein will clearly show
the financial condition of the city on Jan.
l. 1897. / desire TO call your attention to
the Following items: AT the last named
date there was a balance on hand of $140,-
2l;O2; there were outstanding orders I'M
paid amounting to $40, 1896, leaving avail
able cash to the amount. of S64,21.l6.
The city commences the year 1897 with
2 bonded debt of 81 ,424. 500 bearing 4 per
cent. interest and without any floating in
debtedness. The total appropriations for
the year amount to s919, go. 43. With the
same tax levy as last year the city, 1T is
estimated. will be able to raise a revenue
or SSI3.43LSS from taxes and miscellaneous
collections, to which add the available cash,
S6i.21l.l6, which makes $685., I09.04, the
amount that may be used to pay running
expenses for the current year. This amount
will be ample to discharge all appropria-
tons without raising the tax levy or re-
sorting to temporary cams.
The total available receipts last year
were sol iO3 more than the year before.
~ bNAHS nv fAONCNbH u NiC tRtC VI
bonds for the Improvement of the City
Hospital and fire department CS10,O0 of
which has since been repaid.) The receipts
from taxes were $50, 1896 less and the re-
ceiptS from miscellaneous sources were
S~2O,461.O5 more than during the year 1895.
The expenditures, OF 1896 exceeded those of
1873 S0A.0f5.14 but this is accounted for in the
large amount of permanent Improvement
made: to wit, Sll9.0f216 as set out in table
No; 4, $4,000 for cleaning, improved streets.
which had heretofore been paid by in
dividual property owners, and increase in
cost of parks, electric lights and other ex-
pe .yenr in SttensioS to g 9 dgi rSwindg e, city ibe t.,,os
IN the report. which contain much informa-
ton that siS valuable to every taxpayer.
The entire assets of the city are here for
the first time itemized and the general
financial condition fully set forth"
The following table shows a general sum
mary of the city's finances for the year:
Cash on and Jan. /.
1876 .......*:...... SCI. 514.s &c
Received from taxeSe; s6OS. 672.1
Received, from sundry
Reserved from sale of
=, bonds ...........,.... 100000
Received from redemp-
bonds .,...:......... 500, 10000
Received interest Belt
"Railroad bonds. 49,. 100000 !. 429, ia sc
Total, 49,. ACKNOWLEDGEMENTS 81. 49l. 26SS 80
Paid current expenses. $762. 935. go
Paid permanent i'm
provements .l......... 49, 62.16
Paid redemption of i'm
provemcnt bonds. 1896 10, 90
Paid redemption Pat
terson loan bonds.... 5000. 600
Paid redemption Belt
Railroad bOnds........ 500. 10000
Paid interest Belt Rail-
road bonds ....r..s.... 3G,000.00- ]. 42s, 997. &c
Cash on hand Jan. /,
1S91.............. ................. SCI, 21. 1t
Liabilities fE
Bonded debt............. 81. 424, 5000
Assets
Real estate. .......... SSS1 1000
improvements .......... 43i. 921.00
Personal property. liz.
Cash ............... Ga, 2I1. IS 9a3. 522 q
Excess of liabilities
over $430, 81. z
The table below shows the expenses OF
each of the city departments:
Finance Department
Current Pnrnnnnnf