The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-01-06
Annual Report Shows an In
come of 1925, 149.1S.
Total Expenditures Amounted
to $74,1S5.12 for the Year.
TO SINKING FUND S37,833.55
Department Received 1855 In
tereSt on Investments.
Owns Bonds to the Value OF
$143,249.57.

Frank Newland, city commissioner,
believes the annual report of the city
waterworks issued today is the strong
est kind of an argument in favor Of
municipal ownership. The report,
prepared by +. L. Stevens, covers all
of the financial transactions of the To-
pelSa waterworks during the year 1915
and makes a showing that might be
envied by many big private corpora
lions.
The waterworks did a business Of
$125,149.lS during the year and after
paying all operating expenses. making
all repairs. paying interest and spend
ing nearly $1,000 on new pipe lines
IL placed s37.S3355 in the sinking
fund. leaving a balance of S5,Sl6.32.
At the beginning Of last year the
cash on hand amounted to $lIS-to. OF
the total revenue S,5SS.26 came
from the water meter rates and Sl5,-
1916 from hydrant rentals The re
mainder came in the form of interest
on bonds held by the department and
from miscellaneous sources
The total expenditures incident 10
the operation of the plant amounted
to S74.1S5.12. An analysis OF this ac-
count shows that considerably more
was paid out for wages than Tor
salaries" The salary account IS So
2275O, while the wages amounted to
S1O.96473. other expenditures We're:
Fuel. S6.645.55, supplies S2.21 SO, IN
surance S7I.25, merchandise S4,432.25,
construction S10,72S.67, repairs 81
S62.77, other expenses $7,7S754.
Swells Sinking Fund.
OF the general fund, s37,S33.55 went
into the sinking fund which is to pro
vide against any possible calamity and
also to pay off the bonded indebted
ness of the department when it falls
due The law requires that per cent
of the bonded Indebtedness be set aside
each year and in the present instance
"a "a & COnEPUIl +
ly the department set aside consider
ably more than enough to meet its
bond obligation last year and should
something happen this year 10 make
it impossible to set aside the > per cent
the department would still be in the
clear Ten thousand dollars of the
money in the general fund was trans
ferred to the interest fund. The bal
ance in the fund the last day Of the
year was S32.SSS.41.
In the interest fund account -S2T.-
29o15- was paid out as interest on the
Department. bonded Indebtedness.
There was balance Of S227.74 left in
the fund.
Interest Coming in.
The sinking fund received $4,565.32
to interest accounts-money paid by
outsiders on bonds owned by the
water department The sinking fund
also received s1S,O3S.7S on bonds ma
tured, then received S37,S33.55 from
the general revenue fund.
The department purchased s55, 500
worth of bonds during the year. The
bonds bear 4 y and per cent interest.
OF the bonds owned by the depart
ment S13.O3S-T3 expired during the
year and the department still owns
bonds to the value Of 3.249.57.
The total bonded Indebtedness of the
waterworks is 100000. OF this
amount s27O, 600 worth of bonds fall
due in 1925. The yearly addition to
the sinking fund will take care of
those bonds when they fall due. The
remainder of the bonds fall due the
same year but they will be refunded.