The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-04-26
C|TYGASWORKS
PAY BIG PROFIT
Net Revenue from This Source
Amounted to Over $4,000
in One Year.
AUDITOR SUBMITS REPORT
Total Property Values in Rich
mond S124,oo2, 58o--Other
Interesting Figures.

City Auditor Edward j. Warren
transmitted to Mayor Carlton Nc
Carthy yesterday his annual report
for the fiscal year ending January
81, 1908.
The pamphlet makes a most read
able document to all who are inter-
estcd in the welfare of the city. show
ing In detail the various sources OF
income and the manner OF expenditure
OF the municipal revenue for the past
twelve months. An interesting state
ment OF assets and liabilities, together
with copy OF the budget making ap.
preparation OF the city's money for the
current year are among the valuable
papers included in the volume. Audi
tor Warren submits no recommends
lions and makes no comments. He
simply presents in tabulated form an
array okfgures which speak for them
selves.
Some of tho Figures.
The receipts last year from all
sources. including balance OF s435r
1916 brought forward, and sale Of
4 per cent. bonds for $T94.20O, reach a
grand total OF $3,651,341.O5.
The summary OF disbursements shows
every appropriation for the year, in
Guiding $4,000 to the sinking fund,
and s516.3o7.36 for interest and re-
ucIupllOIl, anu lSdCutS d lOldl OF $b,-
254,581.82 leaving to the city's credit
in various local banks a cash balance
Of $396,759.23.
Receipts from all sources at the City
Gas Works, including sale of coke, de-
linquent gas tax, etc. amounted to
$:70,140.47. Expenditures on account OF
the Gas Works. covering pay roll, sup
plies extension. street lighting, and
other items. but not including depre-
citation or interest on bonds issued on
the plant. amounts to s235. max
ing the net profit to the city from tho
operation OF the Gas Works s134,s13.s:.
The profit on the sale of gas is there
fore something over 81 per cent, not
taking into consideration the value of
the plant or the allowance for annual
depreciation in value.
Water Works.
On the Water Works the city does
not make SO great profit. chiefly be-
cause Of the extensive improvements
during the past year. The total re.
ceIpts of the Water Works. not count
rncnts. including fire protection. was
s1ae,74o3l. During the year the city
spent on construction s67.261.o9; on
pipes in the annexed territory, $1,000,
and on the settling basin. s45.4i4.62.
the total expenditures of the Water De-
partment being sl9o,lo1ss. Notwith-
standing these extras, the department
shows a net profit to the city of
e6,647.4o, not allowing for deprecia-
ton or for interest on Water Works
bonds.
Exhibit c of the report gives in de-
tail the estimated and actual receipts
for 1907. and an estimate of the prob
able receipts from all sources in 1905.
This shows probable income from
taxes and licenses of s1,590.OOo. and
from miscellaneous sources of s771,95O.
The bonded debt OF the city as of
February l. 1905. including all classes
of outstanding bonds. is ss,95o15s.5o.
Against this the Board OF Sinking
Fund Commissioners hold cash and
bonds to the value of s1,451,7l0.32,
making the net outstanding debt of
the city on February /. S7.50O,44s.1s,
Against this is placed a statement OF
all real and personal property OF the
city of a salable or tangible nature,
| including all buildings, lots, parks and
equipment taken at the valuation of
the State assessors, and reaching Il
total of s12.OS0.922.
This estimate includes the City Hall,
the Almshouse, the various parks. the
markets. the school houses, the fire
engine houses, etc, but does not In
road beds. alleys, sidewalks, paving or
! curbing, items which are often listed
| among the assets of cities. This show
! ing leaves the city an excess of asset,
over all bonded Indebtedness Of 81
I 5S0,473.S2.
The total assessed values for 100;
are:
Real estate..........,..... s57,44e,4se
Personal .................. 4S.362,295