Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1903-05-20
INTERESTING STATEMENT
cry Clerk Explains Figures in Annual
y Statistical Report.


u Statistical Report.
t9sy Of Las Vegas, n. NJ, May 10,
EoG
n DE Honorable Mayor and Board of
Aldermen of the City of Las Vegas,
'0entlemen:-I have the honor to
81nit herewith my annual report,
zlsusing the financial status Of the
ely
Ehaye classified the expenses, keep
separate accounts OF the same on
- cfty's ledger. instead Of making
against the various ~appropria-
s4 This latter system never gave
1fRruEafe knowledge to the council
49, the many details Of the affairs
1he ety. EAs aggregate Of all the
~luntfSiS Aees however within the
s Of the different appropriations.
yhsre are three distinct funds kept
zu4the treasurer, namely: The gen.
@aAAa@Altesast and the IRE fund.
Hhqaast funds are also kept on my books
:@azately. but IN addition to these
sD = sepatatespark and IRE hydrant
sna t~siscuryect segregation Of which
80 made BY mo- upon receipt OF the
r0mecADr's statement. Now l wish to
akMes that the keeping Of a separate
IRE fnnd by the treasurer. against
N3faA 4. issue warrents pertaining to
10 department, Is really of Mo prac.
adfaa purpose since the revenues de
Hee6 fS0m premiums pay the
sM1p@ses Of the department, the deficit
UlM have to come out 0 fthe general
I'D IN the end. as my statement
skDv4. The treasurer's statement fol
11Eknnce shows a credit balance oil
-.44l-S3 when the fire department &C
Axeamt on my books show an overdraft
~ &S8OS. 1t will be seen that the
apsesent system is misleading.
asADuh therefore recommend that only
tt0D funds be kept by the treasurer
Wiz The general and interest funds
aah1s will simplify the matter.
On the credit side of my statement
iis found an item OF 1000 designated
Sax sewer fund" An explanation con
corning this fund is not amiss. Hav,
sanE cUme to an agreement, the board
sa9 regents and the board of trade
each offered the loan of $500 to be
s1fRced with the city treasurer, at the
disposition of the city council and t6
bs uBcd in the expenses Of having the
& sffy mapped for a complete eve sys
7erm extending to all parts u the city
The loan was to be returned as soor
sass the city got available means to dc
I'D. The city held at this time a norm
M university voucher for $3.50 which
aaeIag q balance due on a loan ths
city made to the university severa
years ago. This voucher was accept
a have made cut tax bills in payment
Fsayment on the $500 loan, the city
therefore, owes $3.50 yet. to the Norm
nj university which, however, has
been paid during the present year
The loan from the board of trade i.
still due.
Upon the approval of the specia
engineer Mr.. A.. Rosewater's maps
SIC, by the council, | was instructed
IN turn the 1900 on deposit, over Il
aim, which being the contract price.
During the past year five ordin
Sances, levyIns and declaring liens foI
noncompliance of sidewalk ordin
-ances were passed, in a%ccoidanc'
with the provisions of said ordinances
~ have made out tax bills in pay men
SIf the work done and delivered thu
came TO the city contractors.
Interest on the school bonds il
charged to the interest account a.
gsxsuaI on the dates when it becam,
iue- For the last two %semi-annua
payments of $527.50 each a certiflcat'
nj deposit is held by the treasurer. al
though as stated the amount is proper
fN charged.
In conclusion | will say, that tn
susditfng of my accounts at an earl,
slnfe will be highly appreciated.
Respectfully sumbitted,
CHAS. TAMME,