Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1910-09-16
CITY FINANCES
ARE REPORTED
Revenue Last Year Amounted
to $7S3,346, According to
Auditors Report
FUNDED DEBT IS In
EXCESS OF THREE MILLIONS

City Council last night received the
annual report OF City Auditor Johh d.
Kurts. showing the receipts and ex-
penditures in the various departments !
for the fiscal year. ending June 80. |
The report shows that the revenue |
from taxation and miscellaneous !
sources was S753. 346.01, and the ex-
penses for the year 1929. 90s.97. The
former figures include the $4,000 Dor
rowed as a temporary loan from the
Union National Bank, a portion OF
which was used to meet a dehcit at
the end of the fiscal year. This loan
was repaid from the receipts OF tho
new fiscal year. since July 1.
The entire funded debt Of the city,
including water works bonds, is So
51S,300, and the fixed assets, s3.445.-
1899.
The report further shows that there
we're outstanding real estate taxes at
the end of the fiscal year. Of $249,-
55222; uncollected liens and warrants
for collection. 1886. 752.Tb; uncollect-
ed water rents, S6.O74.03 and bond and
mortgage account, $1,000. The report
in part follows:
Cash IN hands OF treasurer, S107 $50.
This amount is made up OF the follow
ing items: Mayor and Council, $14.-
014.f9: Street and Sewer Department
500. f6503; Water Department, S36,-
$40 ~. The Mayor and Council item Is
made up as follows: Current funds,
S9,454.S5; special funds. s4,61964.
During the year there was credited
to the current funds Si2 for interest,
received on mortgage Of 5000, held as
trust fund securities. This error was
rectified after the close Of the fiscal
year by a transfer Of the Si2 to the
special fund. The real amount of cur
rent funds available at the close Of
the year was S9.442 So, and was sub
iect only TO the payment OF unpaid
audited vouchers, amounting 70
s3,125.1i
The special funds are made up OF
s2S1.54 received for interest on trust
fund securities and bank balance. IN
addition TO the SO above, $685., 10. Bal
ance 10 the credit OF the fund for the
purchase and Improvement OF park
lands and $4,000 DEPOSITED by bidder
on account OF the Street and Sewer
loan Of 100000, not consumated.
The Street and Sewer Department
funds are made up Of s2S 1868 cur
rent funds. and sS3,17S.5T special
fund
The Water Department funds are
wholly special. there being deficit Of
S7I31.19 in the current account.
Cash in hands Of Sinking Fund
Commissioners. Si45.50; petty cash in
hands of Street and Sewer Depart
ment, $50 SO; securities held for trus'
funds, 81 1900; warrants for collection
$40; delinquent real estate. taxes
S24e 500 %: unsolicited liens and war
rants for collection, S1Se.752.75; un
collected water rents. s6.074.O3; bon
and, MORTGAGE account, $4,000 IKE
assets. s5,445,7S3.9S.
During the fiscal year the followin
additions 70 the fixed assets have bee
written into the books:
Mayor and Council: improvement
to parks. S40.O13: park lands pur
chased $3.50; Street and Sewer De
ra-t~ent, amount of inventory, 1913,
57912.
Water Department. permanent i'm
| provements made as follows:
Year ended June so. 1909. si37 ILL.,
/ So year ended June 30, 1910. $780,
/ 394.99; miscellaneous debtors. Sl,2OS,-
| So; vouchers audited S24.960.69.
Special deposits: Street and Sewer
Department, SLABS; reserves for
special purposes. $SO,52470; temper
arv loan from Union National Bank.
$4,000 uncollected revenue. $780,
1859. OF which the Street and Sewer
Department Is credited with sS4 1891
SO. and the Water Department with
| $6.O74.O3: uncollected revenues due
| Street and Sewer Department. $50,
/ 061 80: reserved for bond and bond
mortgage. $1,000; entire funded debt
/ OF the city including water works
bonds, S3,51S.300: revenue from tava-
/ ton and miscellaneous sources, 1888,
346.Of: expenses for the year, s72s.-
COS 81: excess OF revenue over ex-
penses. s23.437.04; receipts from
Street and Sever DEPARTMENT. $780,
52f,79; receipts from Water Depart-
ment. current. 1921 .2s5.45; receipts
from Water Department special. 49,.
1898: transfers TO Street and Sewer
Department, $4,000: transfers tS
Water DEPARTMENT. S12s 900; evcesi
OF expenditures over receipts for th'
years. Street ard Sewer and Watei
Departments, S25.012.4s.
The Street and Sewer Denartmen
was responsible for the excess of ex
penditures over receints and not III
Water DEPARTMENT az Is shown ~ ~
above table. the receipts Of the Waite
Department. turned over 10 Council
amounting to 1926. OPS 6S. while thos
Of the Street and Sewer Department
amounted TO S39,521.79.
During the fiscal wear the MAYO
and Council advanced TO the Waite
Department s15s 600 on account @
the bond issue Of s245 900. that wa
later made for The henefit OF tn
Water DEPARTMENT and this sum wa
returned when the bonds We're tinall
sold.
The purchase OF park lands accouu
IS given as follows Balance July
1909. 81 .06310: dishursed for i'm
provement OF park lands. s725; bal
ance June 80. 1910, $33S.10.
The fuel account Is given as FOL
lows: Balance July I. 1909. $1,000
interest received on securities o
bank balance, S2a3 "a.
The Street and Sewer curreut &C
count fund follows; Received froT
Msvo- and Council. sfaS oo0: from mi:
ceIlaneous sor-ce s7s.s17.53; currer
EXPENSES. sos 1fA.os: transfers
Mayor and Council $50 s21 20. e~css
of c-edifs over charee~. coo Fs0 7s
defcit .Tuiv I. 1909 s10 41s72 -e'
e-ua ~ r,~io~ vea~s COLLECTED SIC 90
TO. SoNcit as adjusted ruiv : 100
SOC AZ. ra~r -e~ar~e fo- urco''er+s
-a-a--e 900 -02 %. hal,rce go ose
81 er-ri-,e Trne 20 1910. &c 4at AZ
IT. a-ref4 ~ r,-orfon- vaar ",