Evening journal., 1921-09-14
POINTS OUT DEBT
facing COUNTY
Ccontinued From First Page.)

fContinued From Firrt PaSe.)
to meet some OF It's obligations. The
estimated tax receipts are sufficient
to meet the county's needs, but any
Falling Off in tax payments will mean
county deficit
Mr. Jones pointed out yesterday
that the Levy Court win owe s2S4,-
700 on contracts let and bills, and
will have TO meet 100000 interest
on bonds. and will owe $4,000 se-
cured as a temporary loan from the
Farmers Bank. making s534,7O0
that will come due on January /,
to be met by the county's tax re-
ceipts. Mr.. Jones did not say the
Levy Court would face a deficit Of
s534. 900, he asserts. but pointed
out that II would have debts OF that
amount coming due that would have
to be taken care Of.
MY position" says Mr.. Jones, ''is
that the Levy Court should not
award any more contracts until the
lpresent obligations are met or actu-
ally provided for"
Charles e. Grubb, county engi-
neer. today quoted figures to
show that instead Of a deficit the
county has a leeway OF s235,0OO
over and above all contracted ex-
penditures.
According to. Mr.. Grubb the
total budget appropriations for
the fiscal year Of 1921, beginning
July !, 1921. and ending June 30,
1922, for road and bridge work
amounts to $542,500. The contracts
payable from county tax funds dur
ing the calendar year OF 1921
amount TO only 1907. .s92.94. The
anticipated receipts from miscella-
neous sources amount to $127,000i
from county taxes. $1,269, ,967.23
making a total OF anticipated re-
ceipts OF 1886, ,967.23. The differ
ence between this sum and the bud
get appropriations for road and
bridge work represents set expendi-
lures, such as appropriations to the
poorhouse, workhouse, salaries OF
officials and employees, etc.
The following statement OF con
tracts payable from county ta1
funds speak for itself.
Red Lion Causeway, sluice and
river bank-Contract price. $21, ,43S
. amount paid. s6165; gross balance
payable 1921. s15,27S. Reconstruc
ton, Newport pike-contract price
$51. $50; amount paid. s9594.63
gross balance payable 1921, s42,
355.37. Reconstruction. Lancaster
pike-contract price. 's73,ss1; gros
balance payable 1921, $4,000. Re
construction, Hillside Mills road
Contract price, 'sS6,655; amour
paid. s2691.9O: gross payable 1921
, $4,000. Wilmington hundred, whar
and cribbing, Riverfront bridge
Contract price, s5742.25; amour
!, paid, s2716.6S; gross balance pay
able 1921, S2025.57. Surface treat
: ment - Contract price, $4,000
= amount paid. $4,000; gross balanc
payable 1921. $4,000. Fifth district
: Newport bridge cribbing-contrac
price. s1239: gross balance payabl
1921, S1239. Total contract pric,
e sS04. 4.s75.s5; total amount paid, s31
1881. Payable in 1922, S45,814.7C
y gross balance payable 1921. 1927
y S92.s4. Maintenance materials an
labor)-Gross balance payable 1872
!. $4,000. Total gross balance 1872
y s257,S92.94. Loan (borrowed at b,
"a ginning OF fiscal year), $50, 90
a Grand total ssO7so2.94.
e ('These contracts will probabl
lap into the calendar year OF 1872
j. but will all be completed within III
y fiscal year. The amount of S45
S14.70 represents the estimate
n amount that viii be expended o
e these contracts in 1920
s In figuring the budget in May {
l. June the amount OF anticipated n
e ceipts Is used as basis. These an
n ticipated receipts are not actually
e hand until the taxes are collecte,
~ and the county is not able to canc
3. it's obligations until the money
- actually in hand. These taxes al
s. now coming in TO the comptroller
- office, and will nearly all be pai
during this month. according
" Mr.. Grubb. Occasionally II
r county is required TO borrow mon,
in to meet certain obligations durir
N the early part OF the fiscal year,
re the majority OF taxpayers hold {
I'd payment until near the end OF Il
discount period.
Sc The county expects to enter in
IN more contracts for road and bridi
work. which will absorb all OF ii
total OF $542,500 estimated bude
appropriations, but Il will not
necessary to borrow one cent. e
lty gineer Grubb figures.
Ify BASEBALL PITCHER