Las Vegas optic. (East Las Vegas, N.M.) 1908-1921, 1914-01-22
GENERAL FUND OVERDRAWN
THIS IS CAUSED PARTIALLY BY
USE OF ITS MONEY FOR SEW
ER PAYMENTS
LIBRARY RUNS in DEBT
ITS APPoRTloNMENT or ONE
HALF a MILL is NOT suFFI-
GENT

lAdl lne city, instead Oh borrowing
money to meet its expenses during
the period when no taxes have been
coming in, has been using some OF
the money which rightfully would be-
long to the Aqua Pura company, if
that corporation were working under
a contract with the municipality, was
the statement made last might at the
meeting Of the city council by Mayor
Robert J. Taupert MIR. Taupert said
this had been done after consulta-
ton with the district attorney, who
had stated that it would be poor bust
ness policy to borrow money when the
city had plenty Of funds to meet it's
Indebtedness.
Under the agreement between the
city and the Aqua Pura company, that
corporation is to be paid, when a CON
tract is agreed upon, for all water
used during the period when no
ageement existed the rate to be under
the terms Of the new contract The
epnu .ving made a levy each year
FOR ate Fapt rentql has ac-
SCI aside for that purpose Owing TO
the delay in preparing the tax rolls.
occasioned by the arbitrary raises or
deed by the state board OF equaliza-
tion, no money has been coming into
the citys Golfers during the past
three months. Ordinarily the collec-
tions made during snat period would
amount to something over $4,000, ac-
cording to the statement made by
City Clerk Charles Tamrne when qnes-
toned by the mayor. The mayor said
money from taxes would begin to
come in this month. and he ant'ci-
pated no difficulty in meeting ex-
penses and returning to the oveFdrawn
or reduced funds all the money be
longing to them. with the exception
Of the library fund, which is over
drawn practically all Of the time, due
to the fact that the levy Is not large
enough to- provide for meeting the
fixed expenses.
Upon the interrogation Of Alderman
Hays Clerk Tamne showed various
funds Of the city to be in the follow
ing condition on January j.
Library fund, overdrawn 1907; fire
hydrant fund, balance Of $876l65; in
terest fund, balance Of $S,177!ss, Of
which $4,000 is on time deposit draw
ing interest at 4 per cent; sewer fund
balance of s2,6ss.26; general fund
overdrawn S2,202.S4
Mayor Taupert sara $4,000 had been
borrowed from the general fund sew
eral months ago and placed in the
sewer fund, in order to guarantee the
payment of sewer certificates He
said this amount eventually win be-
paid back. 1t was stased that the
on the sewer certificates are
being made regularly Clerk Tamne
said the city would have to pay $4,000.
with interest Of $500, between now and
the first Of July, in payment Of the
1919 portion Of the sewer debt
The mayor said the city Is holding
down It's expenditures to practically
nothing but salaries. He said q team
had been purchased for the fire de-
partment with the city's portion Of
the state insurance apportonment-
The mayor also described the system
used in building and repairing roads
saying It was done with little expense.
to the city. as every man is q worker
and none is 4 boss. He said the ex
pense Of hiring team was practic
ally all the money paid out, besides
salaries. It was explained that the
money for the, maintenance Of the fire
department comes from the general
flnd. TIE city pays the driver $50 &
month for spfinkling the streets. while
THE fire department pays him SIZE
monthly for taking care 81 the horses