New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1917-05-09

Inc cemetery iCFuSC 1unQ- mas a ;DdtaMEG
i.of $1,000, the SUM Of $50 having been
added, derived from the care of a cein ye
terry lot during the year. s.
There was $l27.94 added to the city
i hall fund during the; year, bringing the
balance up to 49, D2.62 T.
Cost OF City Property +.
The report states that the sum OF
$50, 489: 1S. represents the total eKpenl-
diture FROM 1902, the year Of the In
stallation of the electric light plant,
lbeen written off the cost Of the plant
since its installation. The sum Of
/ $1l8, 216.76 is the total expenditure on
!, the water works plant since its install
lation. These figures represent. actual
cost, as no depreciation has been writ
lten off since the plant was installed.
| The total cost of all sewers less
| the special assessments levied for their
] construction, to the city is $56;906.65.
1. The real estate the: city possesses is
placed at $17, 300. The value of the,
buildings and structures is placed at
T $bl4,584.46. The city clerks office, EN-
CINE house No. l and No. 3, toilet rooms
{ in German park and new band stand,
machine shed for tractor, oil storage,
tank, fire department switchboard, GEM
etery house and lung moter> make up
the item.
The fire appliances are put in at
$12,382.50. The total of the property
and plant on Feb. %, 1917, was $685.
628.84.
City's Bonds $105,0
The city has bonded indebtedness
Of $105,000. This is divided as follows:
Electric light bonds, due July 1, 1921,
$50, 1000; sewer bonds, due April 1, 1921,
$4,000; state loan, due July 1, 1919,
$20,000; state loan, due July 1, 1920,
$4,000; state loan, due July l, 1925,
$4,000; state loan, due July 1, 1928,
$4,000 state loan, due July 1, 1881,
$4,000 and state loan, due July 1, 1884,
$40, 1000. The excess value of property
and plant over the bonded indebted
ness of the city is $213,628.84. -.
Sinking and Trust Fund
The sinking and trust fund has cash
on hand of $3O,965.23; uncollected taxes,
$863.18; accrued interest, $224.86; loaned
to working funds, 1924, 1344O, making
total of $56, 151.67. Deducting $2,750
paid in interest, leaves a balance of
| $53,401.67.
Working Funds.
The assets in the working funds on
! L GU. 40, 401I, COCd1 pO1,OLO.OO, 1IldUc
up of uncollected taxes, special as
sessments, delinquent and deferred, &C
counts receivable, etc. The liabilities
in these funds total $18,49393, to-
gether with $24,134.40, loan from sink
ing and trust funds, which makes a
total of $42,628.33. The overdraft in
the funds Feb. %, 1917, was $10,843.06.
The working funds showing credit bal
ances on Feb. %, 1917, are as follows:
Administration, $32, 557.25; park, ST.
O41.67; electric light, $53,96081 and
water works, $7,814.83. The funds show
ing debit balances are: Street., $685.
631.84; sewer, $22,364.68; fire department
$12,579.O2; and public cemetery fund,
$2,642.O8. The excess of debts over
credits is $10,843.06, which is the over
draft in these funds.
Balance Sheet.
The assets of the city, according to
the report, are $685., 98842, divided as
follows: Property and plant, $318,628;
sinking and trust fund, excluding loans
to working funds, $26,436.O9; working
fund assets, $20,923.42.
The liabilities are $126,243.93, which
includes $105,000 bonded indebtedness;
sinking fund liabilities, $3.50; working
fund liabilities, excluding loan from
sinking and trust funds, $18,493.93
The excess value Of assets over liabilities
is 1929. 74449.