The Donaldsonville chief., 1918-05-04
City's Finances ReuietUed.
Audit of Accounts for Year Ending December 3d. 1917
Shows Condition of Municipal Treasury-lndebted
ness Materially Reduced Since Being Funded-Ex
penditures of Various Departments ltemized.

DonaldsonvilIe. La. February IA, 1918.
| To the Honorable Mayor and Members of thu
I Commission Council, Donaldsonylile. La
| Gentlemen-I beg to submit to you re
pert of the financial condition of the city o.
! Donald dsonvilie for the year ending December
81 1917 consisting of the following exhibits
and schedules showing the receipts and dis
hursements. the earnings and expenses fol
/ tho year. and the assets and liabilities of tht
| city as at Dec. 81, 1917:
Exhibit Assets and liabilities as a.
December 81 1917. Schedule l, unpait
taxes 1917; schedule 2. accounts receivable
| schedule 3. unpaid taxes 1912; schedule
unpaid taxes 1913; schedule S. unpaid taxes
! 1914; schedule 6. unpaid taxes 1915; sched'
ule T. unpaid taxes 1915; schedule s, charges
written off in 1917; schedule 9, certificates
| of Indebtedness outstanding: schedule 10
paving certificates outstanding: schedule IL
| notes payable; schedule ~. accounts payable
| Exhibit "B"-Revenues and expenditures
| for the year ending December 81. 1917
| Schedule 49, detail of expenses.
Exhibit ''C''-Cash receipts and disburse-
ments for the year.
ASSETS AND LIABILITIES.
Exhibit "a" together with schedules ! to
70 show in detail the assets and liabilities OF
the city as shown by the books on Decem-
ber 81. 1877. -.
UNPAID TAXES.
Schedule shows the taxes of 1917 an
paid December /, 1917. AS the taxes for
the tax rolls, are turned in bv the CITY as
SCISSOR late in October November. it is
! reasonable that large portion of the taxes
will lap over into the first few months OF
the following year. The delinquency in pay
ment, however, is compensated by exacting
interest on deferred payments and imposing
penalties
Schedules to show the unpaid taxes
for the years 1912 to 1916. AS WIN pc
noted. these amounts are very small and in
most of the cases bear upon properties which
have been either sold to the state or to the
city for taxes. l would call attention to the
fact that heretofore the sale of the proper
ties to the city for taxes has been the clos
ing chapter in such transactions; steps
have been taken to derive revenues from
such properties or to enter them into hnal
poss ession of the city when the statutory
period has elapsed.
ACCOUNTS RECEIVABLE.
Schedule shows the accounts receivable
in detail
5VIGILANT HOSE co. NO. 3.
The item of $500 represents balance due
to the American LaFrance Fire Engine Co.,
inc. for one combination chemical engine
and hose motor car, purchased in accordance
with resolution of the commission council
passed April 10, 1916. and which is to be
paid by Vigilant Hose Co. No. 3, and Tor
which certificate of Indebtedness has been
ties).
CERTIFICATES OF INDEBTEDNESS.
Schedule 9 shows in detail the semi an
nnaI interest-bearing coupon certificates OIL
Indebtedness outstanding This indebted
ness was funded March 1, 1915. in the sum
of sA8,7O0, and it will be noted that the IN
debtedness has been reduced from year TO
year to the present sum of S42.s0o. S5vvo
of these certificates mature March !, 1915
and ! would strongly urge that default be
not made in the continued reduction of this
debt The interest rate is per cent,
Schedule 10 shows in detail the paving cer-
tificates outstanding. One of these cfrt1fl-
Gates for $4,000 which was held by thetBank
of Donaldsonville in Liquidation, has been
<et-off on our books against the bond fund
balance on deposit with said bank. The bal
ance represents two certificates neid ny
Ernest Langbecker of this city which have
been permitted to run since 1907 without
any reduction. AS these certificates hear Q
per cent and are interest drain on our
resources would strongly recommend that
they be taken up at the earliest possible
moment.
| NOTES AND ACCOUNTS PAYABLE.
Schedu 'es IL and 12 show in detail the
notes outstanding and the open accounts
unpaid at December 81, 1911,
EARNINGS AND EXPENSES.
Exhibit "B'' together with schedule 13
shows in detail the earnings and expenses
for the year ending Dec. 81. 1917
CASH.
Exhibit "C'' shows the cash balance on
December 81. 1916, the receipts and dis
bursements for the year 1917, and the bal
ances on December 81. 1917, which were as
follows:
On deposit in Bank of Ascension to the
credit of;
General Fund s4701. .s5
Interest and Sinking Fund 3668.96
Interest Coupon Fund d..... 477.50
Total sse IS. 81
All cash receipts through the city coll
lector's office have been verified throughout
the year, and properly approved vouchers
| are file to support all cash disbursements
shown by the books. Coupons covering
bond and certificate interest have been veri-
fed they matured and were paid and are
on file properly cancelled.
Respectfully
L MEL .ANCQN Citx Auditar