Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1915-07-01
OFFICIAL
THE FINANCE COMMITTEE RE.
PORTING THE RECEIPTS AND
EXPENDITURES OF THE GENE
RAJ FUND.

EXPENDITURES OF The GENE
RAJ FUND.
1t is unnecessary for the finance
committee to make any extended ex-
! plantations or comments in reference
to the receipts and expenditures of
the General Fund for the fiscal year
ending May 3lst 1915.
The correct estimate and informa-
ton is furnished to councilmen and
citizens and taxpayers in the pub.
lished reports, and from them every
one can form their own opinion.
The finance committee through its
chairman have thrashed out the
matters in plain and extended state
ments OIL the floor Of council. and
in turn these remarks have been pub :
lished in the newspapers. At the
close of The fiscal year ending May
31st 1914 the city had outstanding
temporary loans amounting to $751;
1880 IL was well known at that
that date that not less than $50
600 90 would have to be borrowed
during til, fiscal year 1914-l9l5. The
appropriation bill for the year
amounted TO $4,000 fully $4,000
more than could be estimated as
receipts from the ordinary probable
receipts, and no provision was made
for street or sewer work. The re-
ceipts as riven in the reports amount
to 1913, 649. IA the expenditures $24G-,
054 .42 leaving balance Of $27 ,594.-
70. In the receipts are included 4
temporary loan authorized in Octo-
Der last, amounting to $4,000 90
which was inevitable as already
shown. Another receipt is from sale
Of $4,000 in notes and which rea-
lized $49,597.22. From the proceeds
of these rotes $4,000 was by impli-
cation set aside for the erection,
lperhaps properly stately or part
construction Of the new high school.
The loan on these notes did not pro-
vide that the money was for a high
school. The appropriation of $4,000
covers that, however, in making this
loan Council Guided better that It
knew" as the loan furnished the
means to go ahead with the school
work and also pay the award Of $lG,-
1926 to Fairfax County.
We have referred to the fact that
in the general appropriation bill
Of last year no provision was made
for street or sewer work. Accurately
stated from the year report it is
pertinent to the facts to emphasize
this--In Ike estimates for the year
l9l4-l5 there was placed from sewer
tappers $1,000. 90. There was paid
into the Treasury from this source
So. 1876. l6 or an excess over cSti-
mates of S6,53G .1G. There was also
paid to the Tax Collector and which
form part Of his report from pay
ing bills, the sum Of $1,444 az from
Lee street The last two amounts to-
tai $3.50. 5S. In the expenditures as
10 streets and sewers, not part Of
the general appropriations bill, we
iind-Repairing streets Sl,9l6.SI,
CURLING Stone $5,s0%.S3, Sewer Con-
Struction $7,42S.72, Streets $5,O3T.-
A.. a total Of $685. 81 of which
amount we place as an offset. from
collections $T,9S0.53 which shows
that Notwithstanding The work in col
Letting from sewer tapperS. eXDendi-
lures exceed the amount. OF course
the finance committee does not fool
iShly expect The city to receive haci:
what il cxpemdS on these accounts.
It is inevitable that just so long rs
we continue the policy Of spending
without taxing. just so long will VIC
continue temporary loans. We place
in an appropriation bill $4,000 more
than we have to raise. We add 70!
this amount $4,000 on streets and
sewers, we add 800 for schools
deficit. ana $500 for school lot,
and add 10 appropriations for public
property and fire department $1,000
q total OF $4,000 and lose from our
estimates $1,000 from licenses. $500.
from fines. These items alone ac-
count for the $4,000 loan. And We
received less from gas works than
we expected because we paid tho
Roscmont Development Company OCT
of the gas fund $500 in taking over
the construction in Alexandria Coun
ty. This paper is to show why we
borrowed $4,000 and sold notes to
the amour! of another $4,000.
ALBERT BRYAN
w. w. BALLENCER.
HARRY Il. BURKE.
j. N. HILL.
Finance Committee