Evening journal., 1908-04-10

posted in the city treasury at that
date. Under the new system Of ac-
counting the receivers Of taxes make
daily reports to the auditor of their
collections, and they should be re-
quired to deposit the full amount Of
such collections daily in the city treas
ury.
Cash in hands Of city auditor, ST.
64720. This item represents collec-
tions made by the former city auditor,
and not deposited in the city treasury
at June 30. 1907. $435 Of these collec-
tions have since been deposited in the
cifv treasury.
Cash in hands Of clerk Of Municipal
Court, So26Ul Being fines and for
FIXTURES collected by the former clerk
of the Municipal Court, which had not
reached the city treasury at June 80,
1907, but was deposited subsequently.
Accounts receivable Mayor ard
/ Council, S5.874.60 This item represents
unconected taxes on telegraph and
telephone poles and miscellaneous un-
collected licenses at June 3Oth, 1907
/ The licenses were paid subsequently
and partial payments made on the tax
on poles.
Delinquent real estate taxes, levy OF
1906 and prior years, 5000 4O911 This
item represents the delinquent real
estate taxes of 1906 levy and prior
years, inclusive Of penalties. at June
30, 1907. There has been collected ana
deposited in the treasury since that
date approximately forty thousand
dollars Of this amount. and there are
other crSyits which would reduce these
delinquencies TO about one hundred and
forty-five thousand dollars to date
uncollected sewer liens, S71.421.S7.
This item represents the uncollected
sewer lens at June 30. 1907. Your at
tention is directed 70 voucher liablli-
ties Of the Street and Sewer Depart
ment at June 30. 1907, amounting t.
$57s34.44. No provision was made In
the annual budget to cover this de-
ficiency, which has been permitted 70
grow from year to year. owing to the
fact that the liability was not exprts.
sed on the books covering the proper
period.
Uncollected curb ana sidewalk. liens,
81, 1891: uncollected miscellaneous
account, 1900; total. s22. .9923S. I'm
collected curb. sidewalk and miscel-
laneous liens. S5,992.SS. We have taken
these items into account as contingent
assets, and set up a reserve, not be-
cause of doubtful collection. as they
are lien on the property and cloud
on the title until satisfied.
Bond and mortgage account. $1,000.
This item represents advances made by
the city 70 fire companies for the pur-
chase Of real estate improvements and
equipment secured by mortgage which
have not been satisfied.
Fixed assets, S2,946.1I5. The fixed
assets Of the CITY represent the cap'tai
investment. and consist OF real estate,
buildings and equipment.
The figures shown are only approx
mate and are arrived at through esti-
mates made by heads OF departments.
An appraisal OF all city property is be-
ing made, giving the legal description
Of the real estate. character of I'M
provement and inventory of equipment.
The new system provides for the re-
cording Of the city's fixed assets, all
additions thereto. and a depreciation
charge at given periods.
In concluding his report DR.. Rice
says:
1T is my pleasure TO direct the at
tention OF your honorable body to the
sound financial condition of the city at
the close Of the fiscal year, June 30.
1907. There are assets which should
have been represented by cash in the
treasury at that date, and which have