The daily banner. (Cambridge, Md.) 1897-2008, 1918-10-16
ANNUAL REPORT OF
CITY OF CAMBRIDGE
Made by the Mayor, Clerk, Treasurer
And Collector, And Auditor, Show
ing in Detail the Financial Stand
ing of the City of Cambridge.

10 the commissioners OF Cambridge.
Gentlemen: AS required by the
Charter of the City of Cambridge, l
hereby respectfully submit the an
nual report of the financial affairs OF
the city, together with statement of
the Clerk, Treasurer and Collector,
and the report of the City Auditor.
During the past year the Commits
sioners have worked together in per-
feet harmony, and have produced
good results for cur town. While at
this time, and during the past year,
materials OF a., kinds and the price of
labor have advanced about double,
vet we have been able to keep up all
the city work in its various depart
ments, and at the same tax rate as in
former years.
With a few exceptions, the streets
of our city are in excellent condition,
and to keep them as good as they are,
at the high costs of everything, and
with only the same amount of mon
ey to expend, will require strict econ
omy and good business judgment.
The Commissioners are anxious to
make all necessary improvements,and
will do so as rapidly as the finances of
the city will permit. During these
abnormal times, l sincerely hope the
citizens will cooperate with the
Board and make their requests as
moderate as possible.
The financial condition of the City
is very satisfactory. During the past
year all current bills have been paid ;
S6,45S.5S was carried to the sinking
fund, and at the end of the fiscal year
June 80, 1918, there was a cash bal
ance of s5O6.55
AS will be seen by the Treasurer's
report, the total receipts during the
year was 35,569.0S, and including
the amount carried to the sinking
fund, there was expended S35,062.53,
leaving cash balance of $506.55.
All of the maturing bonds have
been paid off, and all interest on the
bond issues Of the City has been paid
in full to date, and in the Sinking
Fund account there is cash balance
of S13,214.09,
The total bonded Indebtedness of
the City is S55,500.00, as follows.
Balance Street Improvement Bonds.
issue of 1910, $4,000 balance Float
ing Indebtedness, Engine House Ad-
dition and Sewer Bonds, issue of
1900, $1,000; Balance Floating In
debtedness, issue of 1912, $500.
After deducting the balance of $13,-
21409, which the city now has to its
credit in the Savings Department, at
4 per cent interest, in the banks of
the town, the net bonded indebted
ness is $42,2s5.91.
At this time it is useless to recon-
mend any new construction work. All
that can be done, under existing con-
ditions, is to maintain what we now
have rs soon as the time arrives,
however, when prices are again nor
NAL, this city must have an up-to-date
sewage disposal plant. Our citizens
will, no doubt, agree on this, al
though to make this improvement,
when prices of material and labor are
normal, will cost at least $25O,000.
The necessity of disposal plant is so
well known to our people that it is
useless to comment upon it now, but
when the proper time arrives, this i'm
provement should be thoroughly and
intelligently discussed so it will meet
with the approval and have the coop
Grafton of every taxpayer in the city.
Following is statement of the re-
ceipts and disbursements made by the
Clerk, Treasurer and Collector.
Respectfully submitted,
EARLE w. OREM, Mayor.
Report of receipts and disbursements made
by the Clerk, TrsasIr.r and Collector from
July LIST, 1917, &c June 50th, 1918.
RECEIPTS