Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-02-19
CITY EXPENSES
NEARLY EQUAL
: STATES COST

| proceeds IunQ greatly over 1910 HSle
was balance in this fund Jan. 1, 1920.
! of $1O,9O6S1 Receipts during the year
were $435, 965.55, making the total avail
able SAC, S63.36. Expenditure of $93,94S.60
left a balance Dec 81 of 1852 914.76- The
big balance was left because only
small portion Of the cost of motorizing
7 the fire department was paid out, most
of the equipment being on the way to
delivery at the present time. There was
/ expended out of this same fund in 1919
| only $S.20900. The administration ac-
counts for this With the explanation that
no bonds were issued in 1919.
The park fund expenditures in 1920
were S506, 606.97 and in 1919, $40S,9 00.42
A balance of ISL 077.64 was left. Dis
bursements from the board of health
fund last year were $779002.22 and in
1919 $492, 3S493. The balance Dec. 81 was
S36, 5OS.05.
From the school health fund s2416124
was expended in 1920 and $14,203.H in
1919 The balance in this fund at the
close of the year was Sc, 702.
From the recreation fund 1853 .S5543 was
spent. leaving a balance Of S20,0S6.33. In
1919 $50, 016.25 was disbursed.
Increased construction activity on the
sewage disposal plant and the fact that
the contract Of the William r. Grace
Company was revoked and relet to the
United States Fidelity and Guarantee
Company, which held the contractors
bond, at a higher price than the con-
tractor would have received, account for
the expenditure Of more money out Of
the public sanitation fund in 1920 than
in 1919, it is said
/ On Jan. l, 1920, there was balance
of s11S,127.27 IN this fund. During the
! dv
from temporary loans and bond issues,
ma king a total available fund of ST.,
212 O173 80. The expenditures were $685.
$3.50 leaving a balance of $216.0SoS6 on
/ Dec. 81. In 1919 only $156 1871 was
/ spent out Of this fund.
( Track elevation added considerable to
the increased expense. The track ele-
walton fund, Jan. l, 1920, contained
balance Of s293, 5O716 and was increased
by receipts during the year to a total Of
S461 693.71. The expenditures amounted
to S905, 4346S, leaving a balance Of $780,
! 259.O3 The payments from this fund In
1919 totaled $215.9847S.
I SINKING FUND
/ sHRINKS GREATLY.
The city sinking fund contained s6S7,
399.3S on Jan. 1, 1920, was increased by
S930,955.95 in receipts to Sl,6lS,55533 and
/ decreased to a balance Of ST49, j64 80 by
expenditures Of 1858 790.8O. The 1919 ex-
penditure out Of this fund was only
/ $24. 1880.
Expenditures from the food proven
ton sinking fund in 1920 amounted to
! s24 1895, as compared with S32.4S6.10 in
1919.
The FIVE main departments operating
out OF the city general fund all In
/ creased their expenditures, the report
shows. OF the S2,064, 624GO appropriated
for the finance department $1,9S4 14I 80
was spent, leaving a balance Of $S0JG.2I
! The expenditure by this department in
/ 1919 was 81, 224, 30O.S5, which is $780,
/ 7464S less than In 1920.
The department Of public purchase
spent SlO,72O in 1919 and $14,764.21 in
! 1920.
The board Of public works activities
cost the city 81 ,346O7sJ0, as compared
with 81 POI .4O7-7O in 1919. This board
/ had Sl30.0Ss. IS left in its fund Dec. 81.
/ The board Of public safety spent
( 81 ,553 1929, as compared with $l,297-
$3.50 in 1919. The board had GIpro-
prlated to It 81 60O. G07.70 in 1870.
The report shows that the city re-
ceived from fees 500 10 during ly2o;
from licenses, S1O75S7.16, and from
franchises, $35, sol 80. representing small
| increases From miscellaneous sources,
which include taxation and temporary
loans, 81, SO5, 223,31 was received. In 1919
! So 6SS. GOLF was received from these
/ sources.
The administration raised for the gen
eral fund by taxes in 1920, S20735So 10.
1 The total city tax levy was 1892 on the
500 and the assessed valuation was
SJ93. 81, $50. In 1919, S2,090, 3l6.75 was
received in taxes for the general fund
The total city levy WAS S1.14 on the $500
and the assessed valuation was S276,192,
$50.
The report shows that the true assessed
| valuation of property In the city Of In
dianapolis for 1921 is sG0s, S26,470.
MORE THAN EXPECTED
TO COME IN THIS YEAR.
Last fall when the budget for 1921 was
! made up County Assessor Leo X. Fesler
gave the controller an estimate Of the
valuatian, fixing 1t at s602, 525 ,0G0 so that
the city on it's new tax rate OF SI0Gf,
| viii receive more money this year than
was at first thought would come in from
taxes.
1t is pointed out that the city sinking
funds had In them Dec. 81, S02S. 100. 50,
while the total outstanding bonds
amount to 5,143, 900 The sinking fund,
the controller. said, is In unusually high
ratio to the bonded Indebtedness, which
is a sign Of a healthy condition In this
particular branch OF city finances.
The Barrett law department issued
s6S7 1888 worth OF Barrett law bonds
in 1920 and redeemed S447. 1862 worth,
leaving s., 459 1921 worth outstanding.
Only S2,5O0 worth OF street Intersection
certificates are left outstanding, $685.
5s4O8 worth Of the $500, SS40S worth is
sued from 1914 to 1918 having been re-
tired
A law passed at the special session Of
the Legislature last year provides that
the controller shall publish a report Of
appropriations and expenditures by
funds within thirty days after the close
Of each calendar year. Mr.. Bryson has
not complied with this law.
He stated that it would be impossible
for him to do so because some of the
figures necessary for his report are not
available until the middle Of January.
He said that he feels he is getting his
report ready early enough by having it
out at this time and declared that his
predecessor did not make public his last
report until August of the following
year.
BRYSON EXPLAINS
TOTAL EXPENDITURES