Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1913-02-20
Mayor Finds That 1921, 104 Must
Be Raised by Taxation.
auditors Say Electric light Plant Lost
s4,s91 during the Year 1012---Fig-
urcs from the Several
Departments.

port just delivered to the city clerk rms
amount must be raised by taxation. The
resources OF the city are s94, 9s and the
liabilities arc 89.6o4.S9, leaving an excess
1f resources over liabilities OF s465iu. Inc
mayor estimates the current expenses 1o'
1913 es s3ila5s.T and the estimated re-
ceiDts at $500 Some Of the big items
included in the estimate are streets. 49,
800: schools 5000; fire. $4,000; street
lights, 81 900; water, s53,9S1; city han re-
tyairs. $1,000 The amount TO be raised by
.kxation Is s2sl ,1o4S
The now city report, Just issued con-
l,.ns 20 pages and with a few exceptions
Is made I'd much like the reports In the
past. One exception is noted. however
b. the report Of the auditors. Rose 81 Hub
ard Of New York who call attention TO
lie fact that since the last audit an in
Iontory OK the city'e assets has been
made and placed upon tho books OF the
treasurer's department, and the auditors
IRE therefore able TO give more COM
rIate end intelligent balance sheet Of the
rity's flna ncisl standing than heretofore
1'lle report upon the audit of the city's
accounts, made by the euditore. is as fol-
lows;
We have audited the books and ac-
cunts Of the several departments OF your
.ty FOR the fiscal year ended December
Il. 1912, and attach hereto exhibits and
,rhedules In connection Herewith.
TREASURER DEPARTMENT.
Since our last audit an inventory of the
city's assets han been made and placed
upon the books of this department and
we are therefore able to give a more COM
plete and intelligent balance sheet of the
,ity's financial standing than heretofore.
The City Hall Park which can be used
only for city and county buildings, has
been appraised at the nominal sum OF
1900 for sake OF record. The other prop
critics have been appraised at what is
thought TO be a fair and Just valuation,
With the exception of the electric light
Ind water plants and streets and sewers.
These are shown at cost as detailed on
the department hooks. The amounts OK
pended on new streets and sewers for the
past few years are not included in the
figures shown in the statement. The ex-
cess OF assets over liabilities amounts to
t117, OO2 o., OF which s5oi, .3S Is carried
IN the general fund and sl2,e5541 in the
l3l2 appropriation account.
As heretofore wo found the books and
der.
The delinquent tax books kept by the
constables were as in former years not
submitted to US for verifcation,
WATER DEPARTMENT.
All cash receipts and payments were
verified and vouchers found to be in
order and properly approved. The re-
marks contained In our previous re-
ports with regard to depreciation again
apply.
ELECTRIC LIGHT DEPARTMENT
All cash receipts AMI payments were
verified and found to be in order.
During the year the department
made loss of s4.s96.69 as against a
profit of $1,321.s1 in 1911. This com
parison is not absolutely correct for
the reason that depreciation has been
figured on a different basis. In 1911
the depreciation was calculated on the
balances standing against the plant
accounts at the end Of the period
whereas in 1912 1t has been figured on
the balances at the beginning of the
period.
We have not disturbed thcso t"Ur"-
Citations adopted by the officials. hut
in previous reports, namely, that an
electrical engineering expert be en-
ployed to fix the rates, az there is such
@ wide difference Of opinion on this
~pbject.
STREET DEPARTMENT.
Regular books OF account for this
department have been kept during the
paet year and vouchers for all pay
ments hav been found in order.
rAUPER. SCHOOLS CEMETERIES
AND CITY CLERKS DEPART
MENT6
We compared all payments and
vouchers and found the same to be In
order.
Respectfully submitted,
(Signed) ROSE & HUBBARD.
FIGURES FROM TREASURER'S RE-
PORT.
The report OF City Treasurer l.. c
Grant shows total receipts OF S675, TBS. 8
during the year and disbursements o
t675,8H.3C, leaving q balance OF f43l ol
hand.
The criminal and police department haC
receipts amounting to $50 G6s.ls, and an IN
,Hpected balance OF SILL.
The fire department cost S2',16S.7o. WHICH
smount exceeds the receipts by s60l,54
The health department cost 1854. SC
which IL s2,36238 more than the receipts.
Tho sum o. S62 was paid for IN
IeTest
Incidentals cost al0,g7Ls3. exceeding th'
receipts by sc,4Ts3
The pauper department has an uneS
pended balance of s2.39soG out OF receipt.
amounting to Sl6.s6O1S.
School bonds amounting to $1,000 wer
retired April !, 1912, leaving a balance
OF SO, 430.s3 in the sinking fund.
The street department has an unex
pended balance of s1.Oo3s3 out Of receipt
amounting 10 s50.257.sa
Sewers cost 81. l6l &C. which exceeds tn
receipts by $1,46o.S5.
Street lights cost sl6382.52
The school department received $S9,iS70
and spent II all.
The water department business amount
ed to $565T.23.
The bonded debt of the city is 1914 OU
less the sinking fund of 549o.s'.
GETTYSBURG CELEBRATION