New Britain herald., 1930-05-23

natures annually in installments of
$4,000 from August /, 1928, to Au-
gust 1, 1857. The proceeds of the
bonds. $149,115, were received on
June 20, 1928. At that time there
was deficit in this division of $46,-
1858, leaving approximately sl03,-
900 available. This balance lasted
until December IS, 1928, and at that
time it was necessary to make q
temporary loan in the amount of
$4,000. At the close of the fiscal
year ended March 81, 1929, there
was a balance in this fund of $751;
501.54.
During the fiscal year just closed
there was added to this sum col
lections for assessments of s115,-
l70.73. and s155,000 for notes dis
counted. During the fiscal year there
was expended s2S0,450.34 leaving a
balance at the close of the fiscal
year of $11,221,93. The expenditure
just noted was divided as follows:
For payrolls, s194,J42.67 and for
supplies and other expenses 1885,
407.67. The item of payroll, as you
undoubtedly aware includes charges
for trucks and steam shovels hired.
Ion April IS, 1880 further bonds
in the amount of 100000 were is
sued, the net proceeds of which were
$302,715. This issue bears interest at
the rate of 4 IA ..er cent, and is
payable as follows: $4,000 August
/, 1880 to 1859 inclusive.
"On April 90, 1 drew an order in
favor of the city treasurer in the
amount of $4,000 to repay the
money borrowed as noted above.
This left balance in the fund of
S107,S2O.27, after delucting the pay
roll for the week ended April 49,,
1880.
AT the present rate Of expendi-
ture this balance will last until about
the middle Of August. The last an
nual report indicates that there were
bonds outstanding in the amount of
s1,725,00o and there is an unsold
balance of this authorized issue of
$3.50, 900.
Subway Department. The legisla-
ture of 1925 authorized the issuing
of s35o,o0O in subway bonds, which
was approved March IS, 1925. On
August /, 1925, there was issued
$3.50, 900; on June 80, 1925, $4,000;
and on June Is, 1927, $4,000.
"On April !, 1929, the balance in
the subway fund was s19,412.S6.
There was received during the year
S46.O17.35, making a total available
of s65.430.21. On Mrch Is, 1880, this
S11.53, making it necessary for the
city. treasurer to discount notes in
the amount of $4,000. At the begin
ming OF the present fiscal year the
balance had been reduced 10 s59,-
173.44.
ION April Is, 1890. the unsold
balance of the authorized bond issue
amounting TO $4,000 was disposed
of at a price which netted $685.
10.
On April %, 7 drew an order in
favor of the city treasurer. in the
] dilloulll VI . : J''Nt " repay Tic
amount borrowed on March Is. This
left balance at the time of s4S.-
1882. The last annual report indi-
Gates that the outstanding indie
ness on account of subway bonds
was $4,000 and no issue avail
able without further authorization.
Sewer Maintenance. There was an
appropriation for this division in the
sum of s2S.00O for the fiscal year
ended March 81, 1880. OF this sum
there was expended s27,9S917, leav-
ing an unused balance of s10.S3. The
/ expenditures were divided as fol-
lows: Payrolls,, s16,O17.t2, and for
supplies, miscellaneous, s11,972.95.
For the present fiscal year an ap-
preparation Of s2S,O00 was made OF
which there has been expended to
April 81, total of sl,2o0.S5, leaving
a balance in this division of s26,-
1915.
Street Fund. The balance in the
street fund on April !, 1929. was
| sS,S33.19. Ito this was added an ap-
preparation of s358.300. During the
past fiscal year there has been col
/ lected for assses sments. etc, $40
! 079.a9. There was transferred from
the appropriation for state highways
the sum of $4,000 and an unexpend-
ID balance in the permanent paving
fund of s1,16t.S2. making total
available of s413,375. OF this amount
there was used during the fiscal
year s39S.S4S.95 (s216.755.t9 for
payrolls and s1S2,o9$7s for supplies,
materials and miscellaneous items)
| leaving a balance for the beginning
OF the current fiscal year of s14,-
$685..