The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-05-02
Finances,


The report OF the City Auditor
&rhows a receipts and disbursements
ACCOUNT of ss<24ol4.0l. with cash
3Maiance on hand February !, 1918, OF
-bass.sl34s CSee Table ~" Of the
'report) City bonds sggreFasine sSS!,-
Ioeo 90 were sold during the year The
estimate receipts for the general fund
for the fiscal year, 1915, are s%26s..
Sis tsee Table e.. and the budget
ordinance, approved February ls,
keis. appropriated the entire sum as
follows tsee Table ~:
For interest and r~dsmp-
tion ........'.'' sSs f.1' ~
For general government. 545.2s21 Is.
FOR public safety ....,.,. h4s,eT2 ss
For health and sanitation 2+S.slo 90
Fer highways and sewers. @lf.2s2 OF
ror charities and correc-
-t+aEs----------------- --------h@ @Ah-0A-
For education and recrea-
lion ................ 1915 90
h-or municipal enterprises. 6S4s24 so
For acquisition OF property 3e.s37-s2
s426s,siS 90
The total outstanding bonded debt
Of the city. as OF February ! see
Table o. was, ...-... 81 s.oas.os'
Less securities IN sinking
n fund .....-.'.....'..'- S'os1'Hf'
Net outstanding debt ..-. slI ,4es.2os
Frhe asssed value of real
estate eaualled ...,,. slo5,ob5-F 92
&Eighteen per centum OF
Which 90 which the bond
ed debt Of the city ia
lfmited) is .,......... is.at0.04a
The ra-assessment OF real estate.
knade every five years under the state
ktAtutes. becomes effective for taxa
h ri
EaIue OF Richmond real estate. az
a~essed by the Board Of Assessors.
s126.424.S76 our bonded debt limit
ers,nst this amount is $22 67e.ss7 SIS.
Table b shows a condensed bal-
ance sheet from the city general led
ger from which ii appears that the
Value of general assets owned out
tEht by the city at the end OF. ths
hscsl year. other than cash and Sink
Ing Fund assets. WAS sss.2s7.s@l,
Though the assets OF the city bear
k,e Legal relation 10 it's debt. it may be
bf interest to note that the gross liza
eilities OF the city at the same time
were $l6.2a1,772. leaving a surplus of
assets over liabilities of &s.9se.l6
when to this are added the invest
nsnts and cash OF the Sinking Fund.
and those Of the Fire
insurance Fund ($s1,6SS.esl. the net
Dur pluG amounts 10 Sjp,oVSsOls.oS
In table "J'' VIII be found state
trent Of receipts and disbursements
by the Sinking Fund Commits sioners.
(which ahows receipts. plus cash bal
knee on hand at the beginning OF last
6ear, Of sl.23l.s76.67. and disburse-
nents of ss53.I4s.44. leaving cash
halance on hand. as of February /.
he's, OF $27s.72e,33. In this state
(nent It will be seen that the commits
ioners invested during the year the
hum OF $2s2,ss0 In City Of Richmond
Esourt<ieA
Table II" contains q list Of the
kecurities and cash hsld by the Sink
nr Fund Com missioners amounting
o the total Of s3.s22.45l.23. inclusive
III the Fire Insurance Fund. now
amounting to $8t.5S3s5.
In Table T. il shown a detailed
statement Of sinking funds to the
rredit OF each issue Of outstanding
bonds Of the city. wherein any bond
holder may see e1Actly how the city
keeping fAith with him In this
raeard.
Your sStSn<ton u agxan 1sf1sa, 20 ~
Anditor's rscnn1msndatton. rscsaAeA
his year. that the ordinances Of tha
dty be so changed - to make the
Operating year OF all departments
conform to. the fiscal year: that Is.
rom February to January 81. At
present the operating year Of depart
nents II the calendar year and con-
Ptderable confusion has arisen at the
,10se Of the year In the settlement
Ei,e dinsssrt ds<ae uasdsr witch sAS'