Evening journal., 1911-10-16
YEARS WORK OF
WATER BOARD
SlO4,2l7 Net Revenues Of De-
partment During Last
Fiscal Year
$1,000 MORE In
RENTALS THIS YEAR

The members Of the Board of Water
Commissioners at their meeting this
morning received the yearly report of
Registrar McIntire. The report shows
that the amount of moneys due from
uncollected water rents is lower than
it has ever been.
Mr.. McIntire said reference to the
balance sheet will show the special
fund expended and deficit in the cur
rent fund of S13,197.77.
The department had no cash on
hand for current purposes June 80,
1910, and unpaid bills amounting to
S7131.19.
During the year there was received
by appropriation from Mayor and
Council, $1O5,O00.00 on account of the
regular appropriation of S120O00.00 as
fixed by an act of the Legislature. The
department being in urgent need of
funds for the payment of bills and
pay rollss made requests of the Coun-
Gil for the balance of 100000 due on
the appropriation. The Council having
failed to comply with the requests Of
the department, the Board of Water
Commissioners, on May Sth, 1911,
u 4MAlOUltu llAt lOllOWinE AteblueAohs
Tesolved-That $1500000 of the
collections now remaining in the
hands of this department be trans
ferred to the appropriation account TO
II be used for its operating expenses, and
the balance, $1,S6s.16, be transferred
I to the Mayor and Council, etc"
Complying with the resolution the
! records of the Department show the
i receipt of 100000 from the Mayor and
Council for the fiscal year ending juno
Both, 1911 In addition the Mayor and
/ Council turned over 81 400 10 be used
for the payment of interest on bonds,
making a total of 1927 400 received
\ from the Mayor and Council during
the year The current expenses of the
Department for the year, including
\ S7,400 paid for the interest on bonos,
was $133,6 81, causing a deficit for
the year of s60665S.
The Water Department turned over
TO the Mayor and Council during the
year. S242, ,233.OS, of which amount
$477.53 was interest on bank balances
of the special fund, and received from
the Mayor and Council $127,400 liz
cluding S7,4OO to be used for the pay
ment Of interest on bonds, S114,S33.0S
being turned over by the Department
in excess of the amount received. In
terest charges on the funded debt OF
the water works amounted to S42,5OO,
of which amount 7,400 was paid by
the Department by additional appro-
IN priation, making the net interest
4 charges paid by the Mayor and Com-
Gil S35,1OO. leaving a surplus turned
over to the Mayor and Council in eA-
cess of interest charges on water
bonds of $40, ,733.OS.
Water works bonds outstanding
June l3O, 1911, amounted to Sl,OobaOo
ana On this basis the Water Depart
ment is turning over sufficient funds
to the Mayor and Council to retire tns
present bond issue in less than II
years.
The amount earned by the depart
ment during the year. was S237 ,6S3.s9
of which amount S1SG467 was un-
4 collected on June 80, 1911. The OPP
Il Grating cost of the works was $751;
VI 264.37, and there was expended for
maintenance of parks, insurance,
water pipe extensions, service exten-
\ sion. new meters. etc, S57 ,202.21, max
II ing the net income to the department
for the year $1O4,217.31.
There was cash on hand for special
4 purposes June 80, 1910, of $36,034.22
4 During the year there was received
from interest on bank balances
s477.53. There was expended for
Il permanent improvements $36,034.22
Y and transferred to the Mayor an1
Council S477.53 closing cut the special
fund.
Uncollected water rents were
Schedule. sS7S.5O. and uncollecteC
4 water rents metered. S9S6.17, total
lS1,S6467. This will be collected he
fore the close of the calendar year
Mr. McIntire said.
Mr.. McIntire calls attention to tn
balance sheet of uncollected water
4 rents, prior to 1901 which amounted
to 1870. At the close of the fsca
year 1909-1O, the uncollected watel
rents were S5,S92.45 and this amoun
! has been collected, except S1377O.
The service to properties to whicl
this delinquency is charged has beer
discontinued. Mr.. Intire calls tn
attention of the department to tn
increased revenue from. water rent
for the fiscal year of 1901, as com
pared with the fiscal year of 1909-l0
The figures are: Fiscal year 1909-10
! S229,302S6; fiscal year 1901, s237.
S1S496; increase. $7,SS2.10.
Appended to the report are exhibit
showing the financial operation of tn
department for the past fiscal yea
with properly classified schedules o
revenue and expense.