The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-30
LEAVES VAST SUM TO
NEW administration
Retiring City Government
VIII Turn Over Surplus OF
More Than 100000.
Is SPLENDID RECORD
Two Millions Expended in I'm
provements i'll 1911; Tax
Levy Reduced.
Is SPLENDID RECORD

With a reduction OF mills in the tax
levy and moro than $2.000.o0o worth Of
public improvements made during the
year. the presen, city administration will
pass out OF existence next Monday at
noon. leaving net surplus in city funds
OF See9 S33.0i This Is the substance Of
Il report that Was made to the city ocun-
ell meeting In adjourned session last
night, by the city treasprcr's office.
Quietins the claims which have been
made from time TO tinc during the past
Nrar that Salt Lake City WIS financially
embarrassed and refutinS the accusations
OF extravaganza hurled at tho city coun-
ell the report silently but effectively
speaks for Itself II bears testimony of
the splendid record made by the American
party during rs administration of the af-
isirs OF this city. SIX years ago. when
the American party nrst took hold. the
municipality had heavy deficit. but
when the administration rctircs with the
end OF the present form OF government a
splendid net surplus IN the city's funds is
shown
~ cho Instance OF Mayor John :.
Bransford. the tax levy was cut this year
from 10 10 l3 mills on the dollar q re-
duction of . mills. notwithstanding THIS
reduction in the revenues, improvements
have been made during the year OF which
the city's portion amounted 10 more than
$2,co0.ooO. In fact this year has been
one OF The biggest years for improvements
IN tile history VI the city. The cty's
funds have been carefully guarded by the
council, and the vast improvements
Which hsvo been made in the city are
silent evidence oil the fact that there is
something to show for every cent ex-
pended.
Made Part Of Minutes.
The special report OF the trcasurcr's
Office presented 10 tic city council last
night was mado at the request OF Coun-
Gilman j. T.. More ton. who made an ap-
proprstc address In moving tha, the re-
port be made part Of the councils rec
o!cs Which motion vas seconded by
Councilman Mark RcedaI and unani-
nousy adopted.
MIR Moreion said that in view OF the
fact that the city council would retire
next Monday ut noon, hc decIncd il moth
ing more than proper that a final record
az The city's financial condition should be
placed upon the minutes and made part
of tic councils records. Mr. Moretou
said riat instead al leaving the city with
= heavy burden as II was found b. the
American party. the American admins
tfatiou retired leaving "A splendid net SUR
Plus, j silent tribute 10 the excellent
work of that party
'ir. Morcton ssid that when the city
books were audited by an auditing COM
inlttee Sis years aGo. "a heavy deficit was
round. and in tho brief space OF six wears
tnc Anne rican party had made more i'm
p.oyemenis than were made in twice and
thrice the time ny any former admins
tisttiou, ana IL was able to retire with
big surplus In the city treasury.
Tax Levy Reduced.
Nj. Aorcton called the councils aitcn-
iton TO the reduction In the tax levy this
y sar. and declared that in spite OF tho
fact that tic city was accused from time
70 time o, being la straitened circum
stances, the administration could look
bsck with pride upon moat excellent
record
Mr.. Morelop then asked permission to
rread the report. which was prepared by
Frank Godbe. chief deputy in the office or
riil Treasurer Gideon Snyder. In con
cluding bis remarks. Mr.. Moreton
thanked AIR Goohe for preparing the re-
port and congratulated him upon hls So
lection as city treasurer under the new
commission
In his report the city treasurer called
attention TO the iact that owing to the
year not yet being closed. there was
somr iittic difficulty In getting at lie
exact balances. The figures, he cA-
pln'ned, were close approximation.
ou- ne declared that he VAS certain that
the figures would not materially dificr
from the actual figures at the cud of
Inc resr. some additional warrants
luay be issued TO-DAY b. the citv auditor
kr al
lowed early IN tho new year bur with
thsse exceptions The figures shown arc
correct
What Report Shows
The report silows that on December g.
jell. there was balance OF s87.5a2.37 in
tho baIIh. The receivable taxes account
tor 1911 amounts 10 f217.ass.sl. and prior
10 1911. s26p2i.3o. OF this amount, Sin.-
a9t.il is estimated az uncollectIbie.
leaving balance from this source OF
$4,000 The total Assessment for wa
ter rates amounted 10 scoI .as2so Of
which Sl13.l2L1s has been collect cd;
siS'..s4 Is estimated uncolectible. lesv-
grand total Of the asants amount TO
$36U.5%1.5-.
Under the liabilities. The outstanding
warrants 10 and including December %
srnornt 10 sSo5. 5.ee35o. less warrants ro-
deemed In December amounting to $3.50
@'5.62, leaving tho net uutsta nding war
rants on December "a as $50 500 %
This amount taken rom $3.50. .5.3.52. the
current assets. leaves net surplus o.
Seo3.sJS.G4. This surplus includes tho
library and sinking funds, which are set
aside. The library FUND amounts To sii-
SJ4.se. and the sinking fund TO s.4.-
siI.lJ.
The ireasurers statement is IS fol-
lows:
CURRENT ASSETS
ASH on hand and In bank at cloao OF bu
TaNes receivable
Taxes account 1871 ....,...
1sxss prior 10 i311.........
SFNt-- s..ss....-...
N.stlInaieh unrolIectihls