The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1942-01-01
Ybsilanti Has $95,9O3 In Cash
Balance Less Than
Same Date of
Year Ago
Overdrafts Due to
Public Works
Projects

On the threshold Of the greatest
industrial development In its his
tory. Ypsilanti today faced the
new year with a cash balance OF
So, 903.O1 and a good Start on pub
lie works projects needed to ac-
commodate new residents arriving
daily.
overdrawing OF seven funds.
amounting to siS,169.i6. reduces
the cash on hand. exclusive OF the
gas department TO the lowest in
three years.
Today the city funds show a
cash balance OF s95, 9O3.0l, report
OF Harvey c. Holmes, city clerk.
reveals. Jan. l, l941 the cash on
hand was $l16,752f3 and on the i
same date in 1910. s96, 626.S4. The
gas department had $lO,Sl3 in
cash Dec. IL compared to $4,000
in cash late in December 1910.
Funds overdrawn are sewer. So
32013; first district storm sewer,
$2,079.82 second district storm
sewer. s3,071.51; sidewalk, ST..
1881: paving. s11.1S2.70: street
repair fund, s20,s64.62. and city
market. s1.224T7.
Due 20 improvements
The ovcrdseyt ~ sewer fund,
second district torn sewer, side
| walk and peyi3g are caused hv,.
| public Improvement work in 1sfR
The storm sewer. curb aud gutter
sidewalk and sanitary sewer I'm,
provements viii be financed byal
bond issue TO be determined al
soon as costs and assessment rolh
are prepared. Assessment roll
for sidewalk repairs made in 1911
will be submitted 10 the city
treasurer for collection.
The past years sidewalk repairs,
raid by the street repair fund.
amount to $l3.78302. On Dec. "a
the fund for 1910 sidewalk assess 4
ment rolls was approximately
50 900.
The deficit OF the first district
storm sewer fund Is above the
amount raised by a previous bond
issue which had been designed TO
finance the cost. City officials will
provide for this deficit when max
ing out the next budget.
The street repair fund. largest
Of the deficits. will be taken care
of largely by the 1912 weight tax
returns from the state. This
money received each year about
May / is estimated for 1892 TO be
about $4,000 for YpslianI. The
weight tax with the special assess-
ment roll fund Will be placed To
the credit OF the street. repair
fund.
The city market oyerdrawal IL
the balance due on the purchase
price OF the city market This
will be provided for in the budget,
Mr.. Holmes explains.
Welfare Reduced
Welfare expense in 1871 for jan
uary through October was So
377.50. The 1870 welfare expense
Tor the same period was $5,522.26.
This-made the reduction for the
past ytAEs f~fi fF.
The total levie2 in 1871 on the
budget to July /1942 was 100000.
The city tLe/urer has collected
and deposited to the credit Of the
several funds for 1871. si39,750.
leaving an uncollected balance OF
s2s,250. Average city tax rate
for 1871 was sl5.s5 while the 1870
t.v rata vyaa SI61O
Budget ten years ago was sl97,-
900 and twenty years ago, slS4,70O.
Bonds outstanding Dec. 70
amounted 10 Sl74s0o including
special assessment bonds, s33.So0;>
general bonds fire DEPARTMENT.,
$4,000: water works bonds, $751;
600; and sewage disposal bonds.
$1,000 Bonds outstanding for
Dec. IS, 1870 totaled $1S2,600 and
I'm 1888. s210.100.
Total bonds paid for Jan. 20.
1871 to Jan. I, 1912 are $4,000
and total interest paid for Jan. /,
1871 to Jan. l. 1912, s5.3S7.