The San Francisco call., 1910-01-04
CITY'S INCOME :
EQUALS EXPENSES
Supervisors Review Condition
of Treasury at Close of
Taylor Administration

"A Iull report on the COnQlllOn OF the
municipalities funds. marking the be-
ginning of new year and the close
of the Taylor administration, was yes
terday presented to the board of su-
approved. Supervisors Jennings, Muir
ply and Pollok set forth that. despite
certain expenses, as those of the special
bond issue elections, not contemplated
in the budget, and the failure of the
income from licenses, etc. to keep up
to the estimate of S2,055,O0O expected
the city's income will equal the ap-
propriations at the end of the fiscal
year"
The report treats both of the income
and expenditures of the current tax
levies and of the bond issue funds
While the municipal assessment roll
amounted to $493, 100000, when only
$3.50, 600, 900 was estimated in the make
up of the budget, the revenue from
the overplus of s13000,000 taxes was
not more than enough to fill out the
loss felt from the falling off of saloon
license returns and a $4,000 slump in
the fee receipts of the board of works.
The interest received on municipal
INCREASES BALANCE DEFICITS
funds, amounting to $7O,0 900, instead of
10000, anticipated and sS7 900 left in
the special sanitation fund when that
work was virtually closed with the
year, balanced against the $4,000
necessary for the Geary bond issue and
the Hetch Hetchy bond issue elections
and the $4,000 expediture occasioned
by the legislatures large increase in
the scope of the Juvenile court work
and expense.
GIVES DETAILS
Taking up more in detail the bond
issue receipts and the expenditures for
the creation of the fire protection and
sewer systems, the erection of the
school houses, hospital, hall of justice
and other municipal buildings, garbage
plant and water supply outlays. the re-
port proceeds:
OF the authorized issue of $18,200, 900
of per cent Improvement bonds dated
July l, 1908, S12,320,000 have been sold
as follows:
So. coo sale, realizing. ....... s3,514.520
$5, 400. 900 sale, realizing g...... 6,Oe5. 800
So, 100000 sale, realizing. ........... 3.91s.s24
Total s13. .499 164
The proceeds of the aforesaid sales
have been apportioned to the several
accounts as follows:
To fire protection. :...-...... $4.6IS, SCI. 80
To the sewer construction. ..... 2, ,S62, ,I03. so
| To the hall of justice construction. 720,660.60
To garbage system ...-....-..... 800, 90
Total S13 499. 164. 90
OF the sum Of s4.67S. S67.90 realized
from the sale of fire protection bonds
$4,304,47S.22 has been appropriated for
the purchase of lands, for the construc-
tion of two fire boats, for pumps for
fire boats and for pumping stations,
for construction of IS cisterns, for pur-
testing plant, for construction of fire
boat and pumping stations. for con-
struction of Twin peaks reservoir, for
purchase of fire hose and for other mat
ters incidental to the fire protection
system.
CONDITION OF FUNDS
Of the $2.Ss2. 1884 received from the
sewer bond sales s2375,903.39 has been
appropriated, s4Se,S00 is in the treas
ury at the disposition of the board, and
S1.4, 900, 900 worth of the bonds have not
yet been sold.
of the S1,199.634.6o realized from hos
pital bonds $1.161,479.60 has gone for
the purchase of lands and the construc
tion of the hospital and the infrmary,
S7S.155 lies at hand in the treasury, and
$3.50, 900 of the bonds remain unsold.
On the hall of Justice bonds $780,
660.60 has been received and $651,349.S8
appropriated. leaving balance of
$50, 9,31O.72 and $4,000 worth of the
bonds remaining unsold.
S905,104 was realized from the
garbage bonds. OF this, s7,40S. $50 has
been set apart and a balance of $156.94
is on hand. OF these bonrs 100000 re-
main unsold.
All of the authorized issue of 100000
AZ per cent water supply bonds dated
January l, 1909, have been sold, the
sale Of June %, 1909, realizing s243,05O
under 100000 offer, and the sale of
December s 1909, realizing par for an
offer of $360,000.
One hundred and eighty-one thou
sand one hundred and twelve dollars
has been appropriated out of the found
of $603,050 in the purchase of lands in
and adjacent to Hetch Hetchy valley
in development work at Lake Eleanor
and for legal and sundry expenses
At this time there remains at credit
of the fund the sum of S42193S.