, 1899-01-04

last evening, Mayor Miller. Councilmen
Halssett, May, Fee and Miller, City At
tCrney Arnold, City Treasurer Palmer
and Marshal Stirling being present.
Councilman Grant was absent on a trip
to Denver and City Clerk Cokefair is
sick and was not present. e. P. Palmer
was CHOSEN TO act as clerk.
The minutes of tine last meeting were
read and approved.
The city sexton reported one small
and n large cemetery lot sold in De
cember.
The report Of the city treasurer was
read, as follows:
To the Honorable Mayor and City
Council.
Gentlemen: Herewith | beg to hand
you a statement of the financial com
d.tlon of the city for the period COM
mencing November LIST and ending De-
cember 31st. 1t will be seen that the
balance on hand in the sewer bond in
terest fund is s2,91O or $11O more than
will be necessary TO meet the years
irterest-$2, 800: s1,40O due semi-annu-
ally, January and July. The balance
on hand in the funding bond interest
fund is $2,63S.61, or s145.39 short of
the amount necessary to meet the years
interest, 81, ISL. e, 1892 due semi
annually, january and July-but the
proportion of taxes due this fund still
20 be collected will more than make up
the deficiency.
In handing you my ~semi-annual re-
port at the close of business on Deem
Der 31st, 1898, l gave you 81. 02O.2 20 as a
conservative estimate of the average
monthly revenue that win accrue to
the city until the taxes of 1899 are paid,
'inquert taxes that cam be collected.
Since then it will be seen from the re-
port, that the total disbursement in the
general fund for the three months, Oc-
5ober to December inclusive, was
Y ,761.S4, or an average of $920.6l per
month. The amount on hand in the
general fund, s355.53, is small, but dur
ing the present month two licenses fall
due THAT will increase the balance to
over 50, 900.
All the known liabilities incurred by
your administration have been paid
and the new council will start with the
balances clear, as shown by the report.
Of the total taxes of 1898, amounting to
s9,727.16. l have collected IS, S61. 80,
which leaves, aside from the taxes
ance Of s421, Sc still to be collected.
Respectfully,
E. PERCY PALMER,
City Treasurer.
Annexed was appended a certificate
of E. Crumrine, cashier of the Albany
County National bank, that the city
treasurer had on deposit ON the 3lst
day of December. the Jul of $5,902.14
of the city's money.
STATEMENT OF CITY TREASURER.
At close of business December 31st,
1898:
INDEBTEDNESS.
Funding bonds, 6 per cent. . SAG, 400. 90
Sewer bonds, 7 per cent. ..... 40, 900. 90
Old warrants outstanding. 80. $3.50
Total. ...... ....... $50 ,4SS.55
Less cash on hand ........... 5.902.14
Net indebtedness. ...... $50, 5S6.41
Summary of receipts and disburse-
ments, October 31st to December 315t,
1898:
RECEIPTS.
Amount On hand October 31st.
1880 ..... ..-.....-.Si ,oVl.ot
Delinquent taxes collected. ... 1854
County licenses covered into
treasury ........ e. ........ $1,000
City licenses covered into
treasury. . ........... $3.50
Justice lines anu ices covered
into treasury ....... ........ 522.5O
Cemetery receipts covered into
treasury. ....... -. ....... li.oO
Rent covered into treasury. 1900
1868 IS
DISBURSEMENTS.
General fund warrants, three
months expenses, October.
November, December. .....S2,761.S4
Cash il Albany County Nation
al bank as per certificate at
tached . -. ............ 5,9O2.14
TRIAL BALANCE.
Showing condition of accounts at
close of business December 31st, 1898:
Cash. ....... .......s IS, 902.14
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