The Daily Alaska empire., 1934-03-31
MISCELLANEOUS RECEIPTS

Other receipts for the year included $828646 for cantle licenses $39070O for automobile licenses $9O5OO licenses This last item represents of which of will be increased during the coming year on account of the liquor regulations.
 Last September the City received $l,166e9 from the Federal Government as direct donation to reimburse the employment relief There other extraordinary items among the Cty's revenue sources
 As closely be estimated at this time, the pay ment of all outstanding bills for the regular operating expenses will leave small cash balance hand as of and $37oO due street grader and dump truck This obligation will be lifted in the future.
 Approximately $6700 is due delinquent taxes, of which ooo the prior to 19aa It is estimated that S5OOO the outstanding will be paid in to the city treasury within the next 90 days.
 BONDS OUTSTANDING
 For the information citizens unacquainted with the facts it should be said that the outstanding bonds of the City of include the school bonds $90000 due June h. l957 and the bonds, $56oOO due March 1949
 During the year the City retired $10OO0 of the school bonds in addition paying the $1500O bank oan taking care of the regular operating expenses and expendng ISIS in permanent improvements and $328500 in badyneeded automotive equipment and fire apparatus De- tails of this expenditure have been published
 In other words after allowing for the $1 s9O collected delinquent taxes of previous periods and the $6669 relief funds contributed by the Federal Government the City expended nearly $34OOO for debt retirement and anent improvement and equipment out of regular funds collected during, and properly belonging to- the current fiscal period
 FINANCIAL POSITION SOUND
 This statement is made at this time to keep the record straight and meet the criticism voiced in quarters that the City administration has been attempting to take credit for fiscal accomplishments that 1t did not deserve That the financial position of the City of Juneau is sounder today that at any time in it's history is fact that speaks flor itself
 It will be necessary borrow probably up to $20,000 Ito tide the City this spring and summer until the tax payments begin coming in next August and September but by October the City will again be cash basis with surplus funds to take up portion of the bonds.
 BOND RETIREMENT FAVORED
 Public sentiment is strongly in favor of retiring at least $1O,0OO bonds every year. If the PWA loan goes through least twice that amount would be available for purpose receipt of the PWA funds would release the that would ordinarily be used permanent improvements be paid of regular revenues and this money would be added to the that should be regularly set aside for bond retirement would seem to be good business down fast possible the S146000 in 6 bonds and leave the NWA bonds, if foated carrying only 49d to the last.
 The whole financial program for the coming year de people certain to approve the bond issue and it to- be hoped that the Public Works Administration will alot the money immediately following approval by Congress
 CAREFUL SUPERVISION ESSENTIAL
 The funds would be expended under the supervision of PWA representative and it without saying that most advantage to the City, and that there be tunity of public funds The disbursng of such large contemplated cannot be surrounded with too much vigilance
 Regardless of the disposition of the loan the City will substantial amount of improvement work this Efforts should be made have all sections of the City share in the benefits of this work, if possible, but care must be taken at all times the financial inter- ests of the whole city and keep out of jeopardy the equaed financial position in which the City of Juneau finds itself. ss
 summary of the operations of the various city de- partments will appear Monday.
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