Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1921-02-04
INSPECTION BUREAU
FINDS STATE CITIES
HAVE GOOD FINANCES
CcntraIia Ends Year Without Owing
Dollar on Either Bonded or
Current Indebtedness

Current Indebtedness.
The report of | 6 cities and towns
in the state of Washington for the
year 1920 was issued yesterday by
Fred Leghorn, chief of the bureau
of inspection of the secretary Of
states office. Most of the cities re-
ports show splendid progress and
that the city is in good condition,
while a few reports show towns be-
low standard.
Centralia Makes Fine Showing.
The report of the City of Central
ia for it's water department shows a
net loss of $4,269.74, while the light
report for the year shows net earn
ing of $14.3S3.69. After paying 4
per cent on the value Of its water
plant into the current expense fund
of the city in lieu of taxes the city
does not owe dollar on boned or
current indebtedness.
The annual report for the city Of
Elma in Grays Harbor county shows
that $4,000 was paid on the bonded
Indebtedness. Warrants were in
creased $3.50, while the cash bal
ance at the end of the year had in
creased 1857. The water depart
ment made a good showing on it's
report, showing that it had no out
standing Indebtedness except bonds.
Everett Water Department Profit
The City Of Everett in it's annual re-
port shows warrant Indebtedness
Of $219,69133 against which it has
a cash balance of $2O5,415. The
bonded debt is $2,24S.O00 against
which is sinking fund of $207,-
456. The water department made
a good showing during the last year
making a net profit Of O44,936. Also
during 1920 the city redeemed $780,
900 OF its bonded indebtedness.
The town of Oroville in Okanogan
county, shows the current expense
warrants were increased to $500
during 1920. The general bonded
Indebtedness amounted to $1S,SOO.
The water department shows that
net profit Of $2.492 was made.
The Town of Wilbur in Lincoln
county has no current Indebtedness,
but has bonded Indebtedness
amounting to $65O,0O0 for its wa
ter system. During the year 1t re-
deemed $1,000 worth Of bonds. The
water department shows a net profit
made during the year of $1,000.
The City of Port Townsend is on
strictly cash basis with no out
standing debts. Warrants issued
amount to $14,5O7, while the cash
balance totals $500.
Starbuck in Columbit county, is
on a cash basis with no bonded
debts.
The report of the City OF Pullman
for the year shows no current debts.
Outstanding bonds amounting to
$4,000 for sewer and water against
which it has a bond redemption Of
$4,000.
Lamont in Whitman county is
also on cash basis with $500 in
water bends.
Colville in Stevens county has no
current Indebtedness. Old war
rants redeemed totalled 1880,
while $4,000 worth of water war
rants were redeemed at the same
time last year. Total warrants in
debtedness totals $25,135.4O, while
the bonded debt amounts to $14,5OO.
Springdale Has no Debts.
The report Of Springdale in Ste
vens county. shows the town to be
on cash basis with no outstand ding
debts.
Roy in Pierce county, also is on
a cash basis with no bonded debts.
Tukwila in King county has $244
in warrants outstanding and $1,000
in bonds. 1t has cash on hand
amounting to $2.762.
The City Of Port Angeles redeem
ed all its warrants during the past
year except the local Improvement
bonds which total S69O,217.
The report of the light depart
ment shows net profit Of $4,000
during the year.
The Town of Kennewick has no
warrant Indebtedness. 1t has in out
standing bonds $4,000. There was
a surplus in the city treasury at the
first of the year amounting to S69.-
367.
The report of Reardon in Lincoln
county has no current indebtedness.
The only Indebtedness is $4,000 for
the construction of its water plant
two years ago. The plant is now
completed and is in operation.