The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1915-02-17
COMMENTS ON AUDIT.
STATEMENT OF CONDITION.
Fixed Assets, 1864, 447 SO.

FNeu HSHetbt 44of, 4Af .bS.
This represents the value OF these
assets AS shown by the books. The
personal property account has been
increased during the year by $l4,250
representing equipment purchased for
the fire department while the exten.
sion OF the sewerage system accounts
for the increase of $l0.l on the
sewerage plant account, The other
items remain at practically the same
values AS of December, 1913.
No provision has been made in re-
spect OF depreciation of these assets
We suggest that this should receive
the consideration of the council, as,
no matter what efforts may be put
forth 10 maintain the various proper,
ties in good condition. there is a4eon-
slant deterioration in value and eff
cheney due To wear and tear, which
must be made good some time. This
is especially true regarding the equip.
ment of the fire department
CURRENT ASSETS.
w. B. Fain, treasurer, $i,so3.73.
Details of this figure are shown in
schedule No. |. We counted the cash
on hand on the evening of January 4,
1915, and found it to be 90 cents In
excess of the amount called for. We
also had the bank balances as of
that date certified by the respective
banks and on reconciling same with
the treasurer's figures, found them to
be in order.
Tax Executions S1s,os5.s2.
As will be observed from schedule
No, 2 the total unpaid az shown on
the ledger amounts TO $42,053.27, and.
deducting the provision against In.
solvents amounting to S2SS6735, the
above figure is arrived at.
II has been the experience of the
city that after executions have been
outstanding for two years very little
has been collected further. We have
therefore reserved in full against all
executions prior To and including
1912, while the reserve for 1913 and
1914 represents the average annual
nncollected balances for the ten years
to 1879. On this basis our reserve
is SSl27.S4 larger than that allowed
by the city clerk
Miscellaneous Executions sf,se6.94.
Details of these are submitted inf
schedule No. 3. We have been in.
formed by the clerk that they repre-.
sent items which are good and collect
able and, accordingly. they have been
included at their full values.
1914 Digest $4,000.
This represents assessments against
shipping, and has been left open ON
fhe digest, not having been convert.
ed into an execution.
Police Court Fines $s4.t5.
Due by Street Railroad SA62,6o.
Due for Sidewalk Repairs $500.
Sanitary Cans on Hand $4,000,
These items are self.explanatory
and call for no special comment.
Unearned interest $263.S7.
Details of this figure. which renre.
SCENTS interest paid in advance less in.
'erest accrued on bills payable, are
shown in schedule No. &.
Reserve Investment $5,7o2.4o.
This represents the balance of the
issue of $4,000 of bonds remaining
anexpended and is being held by the
sinking fund commissioners in trust
Tor further sewerage extensions. The
investment consists of certificates of
deposits with the National Bank OF
brunswick. Brunswick Bank q Trust
Company and Glynn county bank. all
oil which have been produced To MS.
LIABILITIES.
Funded Debt $3So,0O0.
Less Sinking Fund Sos, 1888 o-s2S4..
ALTO.
As viii be observed the bonded
debt has been increased by the sum
OF $4,000 sewerage extension and fire
department equipment bonds redeem