The Colfax gazette. [volume] (Colfax, Wash.) 1893-1932, 1911-01-06
REPORT OF FINANCIAL
CONDITION OF COLFAx
A Synopsis of Report Shows a
Depleted Treasury.
Ravages OF the Flood Period Of Last
March Called Forth Unusual Con-
ditions- RECEIPTS and DIsburse-
ments Given in Detail.

The annual report OF the financial con.
dition of the city OF Colfax for the wear
ended December 81, 1910, was filed with
the council by the clerk ut the meeting
held last Tuesday night. This report
shows the liabilities OF the city to be
$149, ,O41.62. In this amount there ia
represented bonds OF $1,000 90, Spe-
al Water sFund warrants, $27, 900 GO.
Current Expense Warrants, $19.7ll13
and Water Fund warrants, $21, 1868 IA.
At the beginning OF the year there was
outstanding in the Current Expense fund
SlS, III 40, and there was issued during
the year $22, 343 56, and paid $21,349.-
20, leaving the amount shown above
outstanding at the present date. OF the
total amount issued there was $7273.25
spent Tor repairs on streets, bridges.
sewers, etc, large part OF this amount
being used in cleaning out the river
channel; $2343 SO was the amount
spent directly on account OF the food
damage of March lat, and in fact this
amount does not represent the flood
cost by any means, az many other items
OF expense are directly attributable to
that catastrophe. The health, police
and pound departments of the city cost
$4O26 10, while there was paid for cleo
trio lights the sum Of $2724.25. The
street springling cost $IO22 20. and
many other smaller items make up the
total There was received during the
year in this fund S22, ,35944, of which
amount $l3 1852 68 was from taxes.
$500 from liquor licenses, and various
other amounts.
In the Water fund at the beginning Of
the year there was outstanding warrants
to the amount Of $6563 81, and there
was issued during the period covered the
sum OF SIT SLABS and paid during the
year $25l4 81, leaving outstanding at
the present time $21 ,S6314. There
was issued during the year for the ex-
tension and completion Of the GIenwood
plant $6737.77, and for the Golgotha
street extension $4S3 OF, while fuel and
oil took $1765.43 and the direct ex-
pense caused by the food is $1659,94,
to say nothing of the many incidental
expenses connected Herewith. The op-
GRAFTON OF the Colfax plant, installation
OF meters and the purchase OF supplies
cost $2O6O15; $1OO7 40 was the cost OF
the new electric pump, and a large num-
Der OF other smaller items OF expense were
incurred. The receipts from water rents
during the year we're $10,028 81. The
receipts from the sale OF water were
$2O61.72 less than for the year 1909,
when they were $12,O9026.
In the Special Water fund there was
paid during the year $1,000 in warrants,
and 1920 in interest, leaving warrants
outstanding in this fund at the present
time OF $27 900 The receipts to this
fund we're $7020.65, being derived from.
the Water fund, which sets out 70 per
cent OF the receipts each month to this
fund.
In the General fund there was derived
from taxes the sum OF 5000 81, and
there was paid interest on bonds the
sum Of $4637 "a and an overdrafr from
the previous year OF $94448, which
leaves this fund still in the red to the
amount of $511.75. The tax roll for
1910 shows that Colfax will receive from
that source during the current year the
sum Of 500, 1879
The Sinking fund which is made for
the purpose OF start to redeem the out
standing bonds, $77 900, which will ma
ture in 1912, has on hand in warrants
the sum of $6362 IL.
The statement in detail will be pub
lished in The Gazette within a short
time.