The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-01-06

preparation we have used oil the informa-
tion II was possible TO obtain.
Inc general books Of the city did not CON
IAN an accurate record Of either the as
sets or LIABILITIES. and 1t would not have
peen possible 10 prepare from the books
anything like correct statement Of the
- financial condition u the city at any date.
er been balanced
No account was kept on the general books
with the city treasurer
The assessor and collector Of taxes was
never cnarSed With the total amount uf
the tax rolls; the purchase Of real estate
ana equipment, the cost of buildings erect
eu, etcr were never set up as assets; no
liability appeared for warrants issued and
unpaid Tor the pavement refundiug cer
tlhcates, or for certificates Of Indebted.
ness issued and unpaid; and the total Ia.
hlllty from bonds outstanding did not
Referring particularly 70 the bonded an
debtedncss: The liability, at January /.
1899, from outstanding bonds of the is-
sue known IS the Houston Tap and Br8
1oria railway, was $500, but there were
retired ~ the year lS99, OF this issue of
bonds $4,000 II appears that tile al
ference. $4,000, bad been charged off some
Nenrs before, apparently for the reason
that coupons had been presented fol hul
$500 Of outstanding bonds.
Further the. clgs books April -. 1900
show liability Of Sl2sQo, representing
t. per cent consolidated bonds Of he issue
~ July 1, 1916 Outstanding We fuG
however. that the total amount n This
issue Of bonds stu outstanding Is $4,000,
ms roIinycs. NJ 6Is Si0Go n 80 S,o SH,S'
No iS4S s1oG Tbe III bos -, -,
Ing interest on tbase tbroa bo15s rec,.
larly.
1900 md tg0l In the banSS ~ t5o ,!se go
End collector Of taxes for collection. an
pearing IN the balance sheet are tlg
ures that have been arrived ot oftor buV.
ing eliminated those items appearing un.
collected on the roll which apppaf to
have been double or erroneous asscss-
ments.
With respect to the item Of S1Ss.9llSl
taxes for wears prior to 1853 remaining
unc0llected. Il is probable that the larger
part Of this amount is not colertihlc.
partly hy reason Of erroneous or double
assessments, and partly by reason Of tho
four years limitation clause In section
20 OF the city charter.
The city is ia dispute with the Houston
Electric Railway company. Citizens Elec
trio Light and Power company and the
Houston Water company; therefore tho
amount due to or by the 81 = can not now
be determined, an6 We have classe1 IN
der tho hopd of Contingent" the full
amount Of unadjusrcd accounts be
tween the city and these companies.
There is included under Accounts Re
Ceivahle" $4,000. being the difference be
tween The total amount OF insurance car
rieq on the market mouse, which WIS
burned juno, 1901 and the amount col
legtcq from inc insurance computes
With respect TO the Item OF S42954O2l,
Pavement Retunding Eertihcates' ont
standing, attention is erected 10 our re
port OF September 20. 1902. particularly
rcteTrpE TO lhe NalldllE OF the c'Fuh-
cafes,
-
RECEIPTS AND EXPENDITURES
Exhibit "B' Is the general account Of the
city treasurer for the period reviewed,
and schedules l and supporting the same
are classified statements Of tho recciptS
sSmo being shown by Years aud in total,
division being made hctpD,eu those Of au
ordiunry and those of an extraordinary
character.
Ordinary or revenue receipts include moneys
collected by the city for taxes aud tax
ieges. etc, as anticipated ia the budget