The Washington herald., 1915-12-09
Commissioners Ask Improved
Pension Fund, New Loan Law
And Market Reorganization
Petition Congress to Invest Them Powers Divided Between
Boards Of Education Charities, Chldren's Guardians,
Public Library and Other Branches District
Debt $6,223,OOO

,223,0O
Rock Creek at Calvert street They asI
that the authority over the Highwa.
and Aqusduct Bridsss be placed entirel.
IN them. At present the army's chief o.
engineers, supervises the Highway Bridgl
altogether and has charge Of the pier,
Of the Aqueduct Bridge.
Sam Up Financial Status.
Under the report Of the Water depart
ment. the Commissioners hint at an ex.
/ travagant use Of water In the Fedora
governments buildings for which. the,
| point out. no charge Is made.
| The financial condition Of the Distric,
Is summed up as follows:
year. which amounted to 5.6si9la70 were
made up as follows: From taxes. II.
censes and miscellaneous sources, Ss,o4l,.
52s.Ss: amount paid by the United States
| as Its share Of the expenses OF the 10
| cal government under the act OF June
| II. 1875. $slIs.o15.ss: temporary advances
by the United States on account Of cost
Of condemnation Of Meridian Hill Park.
$40; trust and special fund collections,
| including water fund. H,525,3s0.
Cash expenditures for the year
amounted to 81. 4.s46, 46e.S Of which there
was paid from appropriations and gen.
ersl fund S13. 1883 and from trust
and special funds. including the water
fund. s., so. 35s.46.
I The expenditure from the general
fund OF sl3f75. l09.ss Is made up Of Sl2.-
60s.+54E from appropriations for the ex-
penses of the government Of the Dis
trict Of Columbia. including the ap-
preparation for interest and sinking fund.
ta he tod
States as required by various acts OF
Congress. including interest charges
thereon.
Included in the expenditure Of 81 80
sss.S from trust and special funds are
Sss. 5S0.T for payments on account OF
police relief fund; 143.s .s4s65 on account
Of the firemen's relief fund: 80. %
for the support Of abandoned wives and
children, paid from deposits made
through the Juvenile Court; and $685.
355.3 on account of the water fund for
and other expenses Of the water de-
partment.
"At the close of the prior fiscal year.
ended June 30, 1914. the District Of CO.
lumbia owed $s.s3s.l50 on account Of
the bonded debt represented by out
standing 365 bonds and S76.2S.2s as =
reimbursement to the United States for
advance for Meridian Hill and Mont
rose parks; in all. T,0l5. .fS3.S.
During the year sundry acts Of Con-
gress directed that the following sums
be reimbursed to the United States on
account Of advances. adjustments and
deficiencies in prior years: Adjustment
Of Washington Market Company rentals.
1873 to 1914, $166.0l250: care and treatment
Of District patients at Freedmens Hos
pital. 1906 to 1918. $57. 30: advances made
during 1877 and 1873 to pay interest on 3.s5
bonds, S5SsOS7 3: costs OF condemnation.
Meridian Hill Park. $50; interest on
park advances for fiscal year Of c.2ss5O
making a total increase in Indebtedness
for the year ofS7 92.372.15.
District Debt S8,223,OOO.
"In addition to the foregoing sum
there was charged to the District in
the regular appropriation account the
one-half Of advances made during the
fiscal years OF 1914 and 1915 from the
treasury OF the New Columbia Hospital
building. S137.l53.7s.
During the year there was retired
$421. IS0 of 3.s5 bonds. and investment made |
of the sinking fund appropriation in |
United States three per cent. Panama
Canal bonds at par, S2a5, 900. Adding to
the foregoing sums the amount OF cash !
to the United States re- /,
for 1875 and prior years. ssSs. .So5.42. gives |
a total reduction in Indebtedness OF SI2s9.-
sOo.+2. leaving only the debt covered by |
the as bonds outstanding June -. 1915. !
in the sum of s6.5lSOoo less sinking |
fund Investments. s2a5,0Oo a net indebt- !
edness of Sc .223co.
by public act approved March T. 1915. !
the Commissioners were authorized and |
directed to adjust shortages in sundry |
pNr Sa &IA
ton This was done by paying to the |
United States sl0,6e3..5: to the miscel-
laneous trust fund deposits fund 81. $50 30 |
and to the permit fund 81. .159 90: in all, |
ss.Se.eS: all Of which was paid from
District revenues.
The total revenues Of the District for
the year amounted to S.041. .52s S.. which.
with the Districts share OF unexpended |
balances of lapsed appropriations. sS7.-
ss2T gives resulting credit of S. I0e.-
422 10.
Against this sum is chargeable the
Districts share of appropriations for
the year. S.o7014e.39. and charges on ac-
count OF disbursements to the United
States paid out of District revenues in
cluding interest charges, ST92. .3s4. 90: MAX
ing total charges against the revenue
for the year OF s7.s6e5l42. and leaving
q resulting surplus at the close Of the
year or 246,%.S.
"Deducting the foregoing surplus Of
F2b.SLS from the deficiency i'm revenues
'f H,10e.ol4.57 at tho close of the prior
year, 1914. leaves a deficiency in revenues
10 meet all appropriations and charges
1une 30, 1915. of s7s5. 5.IO6.i. This deficiency
$ made up of the difference between the
Districts liability on account of unad-
'anced appropriations on the Treasury
looks OF 81. S6.SS and the cash balance
n the general fund of the District in the
and in the hands Of the collec-
or of taxes at the close of the year,
'7so $500 II
Had 1t not been for the large amounts
'equired to be reimbursed to the United
states on account of transactions relat-
ng to former years. the District would
rave had during 1915 over q million dol
ars of surplus revenues"