Waterbury evening Democrat., 1905-11-03
BOARD OF FINANCE
Experts Report on Inspection of the
 Cisys Books.

report covering the inspection for the year 1904, showing money due the city from various sources January 1, 1905, to the amount of $233, ,536.30, about one-third of which is chargable to the first taxation district. Consider ing the system in use, MT Oakes said the books and accounts were kept in excellent condition, but the system was not modern and on this account one had to take a roundabout way to get the facts. He failed to find any ac- curate account of the amount of prop erty owned by the city, although 1t was plain that considerable had been acquired, and some sold on and off. No accounts have been kept with the city attorneys, and the report recom- mends that move be made in this direction and such accounts kept up to date so that the city may be able to tell any time what the city attor- ney has in charge and how much -e has collected. The report alsb offers some suggestions regarding the bank ing system. The following is sum- mary of the report:
 Assets
 1st Dist. 2nd Dist. Total. Undetermined nature, city taxes accts
 $5O,625.71 $1,775,315.S4 $1, ,S25, ,942.55 Permanent assets,
 $2O2, ,131.s4, $2O2, ,131.s4 Liquid assets, uncollected taxes,
 $56947.S9, SS2,41S.07, $139, ,365.96 Assessments, benefits due by sun
 dry persons,
 s5,42oO2, $ss,75o.s2, $94,17o.a4 Dennis Gaynor, $140.49 Cash on hand. city treasurer.
 $29,361.S5, $132,3S1.04, $161, ,742S9 Sinking fund, school bonds.
 $14,595.63, $14, ,59563 Sundry expenses, budget 1904.
 $9O4.17, $9O417 Total.
 $142,356.47, $2,296 eS7. 40. $2,43s, ,a93s7
 Liabilities.
 *Bonded indebtedness,
 $11O,O00, $1,643, 900, $1, ,753.O00 Orders, accounts drawn and not paid.
 $18,s04.74, $99, ,T5S.49, $11S,56323 Sewer assessments.
 $412, 2,13O.31, $412, ,13031 . Street paving assessments.
 $97,715.31. $97, 7,715.31 Sundries, S2,401, $2.4O1 Unlocated differences, $679.25, $679.25,. Revenue accounts,
 $13,551.7s, $4O,95s.04, s54,5O4.77 Total,
 $142,s56.47. $2,29e, ,Gs74O, $2,296, ,es7.4 40 The report was tabled for investlga- ton.
 "This amount does not include $5,0OO water bonds.
 The amount credited against Den his Gaynor was carried along since 1885, when he was treasurer. 1t doesn't appear clear what it was for and 1t is quite likely that MT Gaypor will be able to show that the account has been settled The report al;o states that in 1904 an item of $70O charged against Peter Lawlor, for mer collector, was written off, appar- ently without the approval of the al- dermen. The total amount said to be due the city includes what Colonel Burpee owes, which may be changed somewhat before the difference is ad- | justed This report is now in the hands of Colonel Burpee,. who will sub init it toa the board of finance after few days. Colonel Burpee was asked to-day if 1t differs materially from the report prepared by Messrs Lord and McEvoyt He said it does, but judg- ing by the way the reply was given the reporter concluded that the differ ence was not very marked. He said that as a matter of courtesy to the board of finance he should give it to them first. He is having private ac- countant look over it and when he gets through he will submit It to the city fathers.
 The colonel was invited to attend the meeting of the board of finance yesterday, but he wasn't there. A communication was received from him stating his position, which was sub stantially the same as he informed the reporter. It is understood that there Is no difference to speak of between the finding. of the experts and that of l Messrs Lord and McEvoy, and if this be so that Is final. By agreement en- | tered into between the board of fi- nance and Colonel Burpee both sides were to abide by the report of the ex- perts. and bond to this effect for $11,0O0 was signed by Colonel Burpee and is in the custody of City Treasur- CT Northrop. At least the treasurer so | informed the board before the ac- countants went to work on the books | and there can be no doubt about 1t, although for some reason or other the bosd was not made public. However, 1t was satisfactory to Mfr Northrop and that is sufficient guarantee that if { is worth its face value Assuming that the report of the experts with refs erence to the Burpee case is pracb- | eally the same as the former one. the eity1 will realize handsomely on the in- vestigation. that is provided they col lect interest. If not. 1t would have been much better If the money had been paid in promptly according as it was collected. for the city was that much short right along and had to nay interest on what was borrowed to make up the deficit.
 The report of the city treasurer was read and approved. It was as follows: RaIauce on hand Oct i S29a 503.5s F. S. Hunt. tax collector. T.3T1.61 r. ]. McMahon. clerk city | court ..s.-.--..-...-. -s@vJVy J. P. Kellogg. sewer. street
 and paving assessments. s0L35 City of Waterbury. credit
 second district ......... 3.4oooo Manufacturers National
 bank. town account ..... f.4sp.40 A. I. Goodrich. comptroller. 6-25 George M. ERan. licenses .. $500 Colonial Trust Go. interest. 5esg7 John Blair. town clerk sec. 7.45 Total receipts ..... ... .ss14.ss2el | Suudrv citv orders .... s10a661