Evening journal., 1912-07-19
CITY REFUNDS
$4,000 LOAN
$4,000 Of Amount Used to
Avoid Deficit at Close
of Year
DESPITE SHORTAGE
COUNCIL IS ECONOMICAL

According to the annual statement or
City Treasurer Lednum, submitted to
City Council last night the deficit the
city ended the last past fiscal year with
amounted TO 3l,6l62s Council made
temporary loan from the banks OF
$4,000, thus leaving balance OF $751;
3S372 remaining as the current balance.
The Council last night ordered the S50, 900
loan returned TO the banks.
The deficit. IL is pointed out, was not
due TO bad management of the city's af-
fairs On the contrary the present
Council was one Of the most economical
that ever held Office. Receipts of
$4,000 were anticipated which were not
realized.
IL was expected too, that the Rodney
street basin would be sold, but Council
later learned that it could not dispose Of
the property. In addition the charter
election and the expenses attached to the
Board OF Utilities Commissioners, out
lays Of money not anticipated by the
last Council in fixing the budget, helped
TO bring about the deficit
The total bonded indebtedness on July
/, 1912. was S3,92l .l5O. and the total
amount OF interest payable for the fiscal
year ending June 80, 1912, Sl55.f6l.50.
The city treasurer has been prompt in
compiling his statem@lt. and, in fact,
hc is two or three months earlier than
has been the case insthc past.
The statement shows the assessed vail
ustion of the city to be 55,543, $50 with
the tax rate Sl.53 on the 800 Of assess
ment and no floating debt Bonds to the
amount Of Sl05,750 arc due the present
I fiscal year. The report shows these fig
ures
] Reoeipts-Cssh in bank, July !. 1911,
/ S34 ,26l 65; special account, fuel for poor.
S20027i purchase and improvement OF
parks, sl7,o446o, making the. total Of
these three items, SOL ,5e559; tax collec.
tions Of J. Fl Morris, tax collector for
the years 1905 . lO-ll, S509,sIo.l4; horse
tax during Same period, S545; tax collec.
tions of Eugene NJ Savers for the years
le0S.ll, inclusive, S2s3,735.6l horse
taxes for the same years, S793; tax col
leotions Of George II Mccall, l903-O7
inclusive, S4.lS3l4; total of all other re.
ceipta, S5l0l3455, the grand total
amounting TO 81 360,s0703
Some OF the items Of receipts are
given Society for the Prevention Of
Cruelty to Animals. s2l3.50; Water De.
partment, S346.l4l.l2; Street and Sewer
Department, S3l .73A33, dog tax, sS,02ls
building inspection, $1,000; Municipal
Court, S23022; oil inspector, s2,26s03;
interest on deposits, S4,046.53; rent OF
market house, $500 receipts Of bond
sales, SilS172
Expenditures Salaries, City Council
s3.2s206 police, Sl04.005 90 miscellan
eous, s40.770.75; other than regular pa,
rolls, Sl40533; elections. S7,4S17l, gar
bage. Sl6264.56; fuel for poor, S3.606.lS
purchase and Improvements Of park lands
special account, s33,54579; publi
square, S6S0S3, tax Office, 2,237 so
printing and stationery. SS67546
orematory. s3,76il2; public buildings
S6,734.i6, tuberculosis hospital, 1000
Water Department, Sl30O57.2l; Board o
Education S22S ,o77.4O; new schools
$4,000; free library. SlS03Sl2; teach
ers' pension fund, $1,000; temporary loai
$4,000; interest on sinking fund loan
sl54,42l 60; Street and Sewer Depart
ment, Sl97,320; interest and miscellan
eous account, l5,5s9.63; police pension
fund, $1,000; fire department, S64 1856
cancelled check Continental Insurance
Company, Sl00; Board Of Health, 81 ,203.
! IA; redemption Of loan, SlO5,O52.50; wild
I enmg of Eleventh street, $1,000; polio
committee, $500; free ZOO, 1000; Del
aware Commission for tho Blind; $3.50
, harbar improvements, 500; total banl
balance, sl234046s