The weekly Iberian. (New Iberia, La.) 1894-1946, 1921-10-22

School Board Fund. ....... l,l0l ~
Sewerage Bond Fund $1,000. Az ~
Special Good R'd Bond Fund 1853 40
Fund for Paying Paving
Bonds and Interests,..... 3,522 10
lOtdl .po,ot' ~
These amounts were charged to the
| General Fund in this report. Out OF
the amount listed above the only sum
| which was actually traced to the Gen
eraI Fund in this audit was an a
mount Of $2,34l "a which was col
lected from property owners between
dates Of lime s. 1921 and June 26,
| 1921 Trustee BrOussard reported
having received 1888 % from Mr..
| Cirard The balance was used in pay
ing General Fund Indebtedness. Inc
cash books shows that these amounts
were disbursed out of the cash draw
| er.
In regard to this manner OF DIS
bursting public moneys out OF the
drawer instead Of by duly approved
voucher. | examined the minutes to
see if the section of the charter which
provides that the Board OF Trustees
| shall by ordinance fix the manner IN
which city moneys shall be dlSburSed,
| had ever been compiled with. NO such
o, dinance had ever been passed. and
therefore it may not be contrary toI
the law to make payments out OF the
cash drawer 1t certainly is contrary
to busincsslike methods
(n) Deposits were made IN bank
for the following collections, but no
| duplicate tax receipts were on HE
and the assessments for street paving
were still open.
/ $1,000 Ed Ptister 1874 90
Pfster Bros. ......... Alb. ID
/ Total. ,167 81
/ This amount was deposited in the
fund called Special Tax Funds" 1t
should have been deposited in the
fund entitled "Interest on Street Paw
ing Bonds which was the fund for
paying paving bonds and interest
; 1861 NJ. L. & T. R. R. s11,S44 IS
11-5-20 New iberia Ma
/, tional Bank ............ Boy "a
1-4-2t Sidney G.
Harry .......,. .$iiS .bS
1-4-21 Mrs. Sidney
l r.
to) The cash balance in the fund
| for paying paving bonds and interest
coupons amounted to SHASTA. SO and
, the adjusted balance after auditor S
reconcilement equaled 81 ,084. "a. Ger
tain large tax payers such as the M.
l.. g. T. Railroad Pfster Bros, Mr..
and Mrs. S. G. Harry and the New
, Iberia National Bank and others paid
, their paving assessments IN full. Inc
paving ordinance provides that pay
ments shall be made within certain
! date Of each year in order that Ger
, tain interest might be saved to the
tax payers 1t also provides that bonds
, of this issue are callable. 1t can
readily be seen that when the tax
, payers pay in full and like amount
of bonds are not called within rea-
sonable time, that 81 deficit will arise
! in the fund, due to the fact that the
outstanding bonds are bearing inter
est at per cent. and the deposit
bears a smaller rate.
u Bonds have not been called in a
mounts to correspond to the full cash
, settlement made by tax payers IN the
past.
p (p) The fund for paying the paw
F. ing bonds and interest coupons has
been very loosely handled. A great
g many changes have been made in the
front foot assessments to abutting
! property holders. AS the bond issue
Z was based upon the front foot assess
ment. it can be readily seen that when
! one assessment is reduced and no
. other raised in like proportion, that
it will cause a deficit in the fund due
= to decrease of tax collections.
, (o) Certain payments have been
: made out of the Southern Drainage
, District Bond Fund for maintenance
q of the canal. The record book con
tanning the ordinance providing fol
] retiring canal bonds was misplaced
] Therefore it could not be determined
if the ordinance provided that GER
tain portion of the tax collections
! should be diverted for maintenance
expenditures.
q (r) The total amount OF assess
or's compensation for making assess
4 ment for the city has in the past
been paid out of the General Fund
i | The law provides that each taxing
: subdivision shall bear its prorata OF
the assessors compensation. This
should hold good for the taxing sub
divisions spread on the City Roll
Copies of the assessors bills for the
!. wear 1918, 1919 and 1920 were secur,
/. cd and a statement was prepared
: showing that if this were done !!
!, would effect saving to the General
Il Fund of s481 50. | recommended TO
. Trustee Broussard that the Special
!, Funds should be charged with TINS
amount.
Il a. | made a verbal report to the
Trustees and under date Of Septem-
f her %. 1921 wrote to Mayor LaSalle
y in regard to the tax levied against
5 the taxable property in the City OF
: New Iberia, by the the Police Jury Oh
s iberia Parish for criminal purposes
!, and this matter is of sufficient I'M
$ nortance to again be brought to the
: attention Of the administration.
| examined the records Tor the
t wears 1919 and 1920 and noted that
:, the Police Jury levied tax OF z
: mills against all taxable property IN
the City of New Iberia for the City
nrorata of the criminal tax. The mat
n ter of the 1920 tax will be discussed
: as it is the most recent.
y The tax paid by the tax payers OF
4 the CITY of New Iberia for crlminai
: nurposes amounted to approximately
VI. tr.rIr ~