Perth Amboy evening news., 1905-08-09

Sahry, Il. o5ooO
Books : ( E stationery. 8. q. 49,. 5000
s| SsBs!.:; \ y-iiiais." s::$$$$$
but the ordinance introduced July {, passed July IS. and approved July
n, 1904. pertaining to this appropriation, reads IS follows in the ordln
nee " eSs1SS' PAGE az. s07:
BE e ordained by the City Of Perth AmpOy.
Sc : l ct re- + pe asonsps aG property op @S is ts city 81 Of Of Perth
Amboy the sum of Twenty-Five Dollars for the use Of
Public Schools of this city for the ensuing year"
$4,000, was appropriated by the Council to the Public schools for the
lS g intention to aaS to : appropriate ppps sD u $4,000 * o'OS we fpp1Sa point !" oat that this
Usain not signed Mam 'U eitneT by TO t Sshg mas oDqio "a c%y ic Clerk she Ordinance N0e0'u
In the same Journal page 415 February 1900 VIC found the TO-
Valuation, Public Grounds 6 Buildings, DR.. $4,000
which represents increased valuation as follows:
School No HIM. " 9ss5o
Fire Houses. """""."".".... ............ 1oiota7
6sooz3i
but the expenses 0 School No. Z aggregated, according to the Ledger
only sas,5s7.oi and not IS enormously stated l in tn the 5 Journal c entry; $40 70
Buildings was excessively increased by $4,000, should be corrected, ILL.,,
as follows:
rrc4y Of Perth Amboy ."". $1,000 100 %
Beng y per s g P & Ss s, sssEE''% 1 e sgr sSlsg. + depreciation
While W e do not dispute that is may be good and conservative policy policy It. to
T Tiessa @e (" a fsa' re- S'I %s " non authority y "9sf 70 make ) { this fs, entry = BY which the
book r Tnl' same 1t re remarks marks a pppPs't to ~ an e HsPSs in t Ss Journal of the Water
Plant. by which $4,000, as written off on the Water rP Plant t,. 80 E,
Old Register, p. Il Anticipation Bond No sss for $4,000. In accort-
anco with the Register the bond was paid February IS;
1905, but the Ledger shows that is as not pau uhW
March 1905, i e., in another fiscal year. ~. n.uua.
Old Register shows ;. VS. o %smpoaing o ong nine hss sonas at tS siaeoo. each 1o oF ssr
600, namely No l1-ls , inclusive ty.. !, while ii tn the ! Ledger ao cor
Old Register, p s. School Bon Bonds I'll, The Re t. 81 gives snd no t inf0 nnd 5s
New Register 'I p' SO Fire Department Bonds. The Register states that
the Sinking Fund, January ia, 1904, while the Ledger
account until January s1t, 1905.
s sash , ,he qaseS nh IS to ipt Se naS n 'h Rt ei h ado of ofn Importance oItS IS that Sa the p' rate
of interest b easily aScertafned, tut a te registers ae hept SUCH
coMrrRoIIEas BOOKS. + ST
The books kept by the Comptroller consisted Of 4 Cash Book and 9
1 Isas eamo lpnn%af the IS name mo cash cash for nod shs G Gayt p noweve sr1 Se aon sS aoao as "a !
misnomer The proper title should be Journal m.a..a. omn,.o,or
should constitute an harmonious whole, M set of books experimenting
said Departments Of your city, especially in regard to the Journal aPd
appeared to be nothing but duplicates. The consequence thereof was that
the same errors which we found in the Treasurers Journal (sc above)
We found that several journal entries were wrong in principle.
c p@r of fa sieo, 600 ooo'na Assessment Sanus p Bonds nG were credited to Street Improve
street street improvements nprp in the fiscal year of 1904. s1OaSo1.s5, Of which,
however, the largest part represented tedn claims "a against n LOW owners Es OF od pro op +s
assessment plan in reference to these claims is confirmed by the proper
authority, accounts for the various street assessments should be opened
in the Ledger and the claims transferred to these accounts 70 tn
tries these claims were enormously thrown entirely out Of the Ledger.
Section 8 Of Chapter 1872 approved ed A sui sl LIST l Sman pre soGiteS
BY him with the names Of tho claimant 1T, an nat, nature e and and legality 81 i , of the
tioa Of the members Of the Council" But W were informed that a
to comply with the instructions cor tained in said ordinance.
ANNUAL REPORT.
The report for the fiscal year ended February 2S, 1906 contained sew
eal errors and did not furnish the tax payers with a sufficiently clear
and Ineligible presentation of the Citys financial transactions and stat
rs.
We shall review the statements in the order in which they appear
in the report.
Outstanding Bonds. This statement did not mention Anticipation
Bonds amounting to $126, 200. We have prepared and annexed hereto a
Balance Sheet showing the Assets and Liabilities of the City o Perth
Amtoy OF March LIST, 1905, and accompanied by the following Schedn-
les.
Schedule No l. Bonds in Sinking Funds.
" No. 9 Outstanding Taxes and other Clahms.
!" No. 8. Book Value Ct Property.
p" No. A. Bonded Debt
Tho last named Schedule shows the bonds outstanding at the be
ginning of the fiscal year, the changes which have taken place during the
car and the bonds outstanding at the n OI INT year,, dhu II CohIuhs
also a comparison between the bonded debt and n assets o te city
VIC propose that this statement supersede n statement ol uts'anum
bonds Is it appeared in the report.
y + Detailed Statement of the Collector. The errors winch W e louno
in the footines of the the Cash Book for the year 19O4-see above page
2+AaHect this statement.