Imperial Valley press., 1944-06-28

amounted to approximately Sc per
cent of the total roll as compared
to collections in the preceding three
years. as follows: 1912, 5l90 per
cent; i94l. 45.2l per cent; 1910, Al "a
per cent.
In a section devoted 20 "Certifi-
Gates of SaleS.' the autiit report
paid deserving tribute TO the in
creasingly sound financial condi-
ton of Imperial valley residents,
as we'll as a compliment to the poll
cies of the districts board of direc-
tors which has resulted in taking
tax title to delinquent propertieS
as soon as possible and clearing of
the intervening assessments. From
a total of s1,934,3l891 in 1895, the
audit report showed. these accounts
have decreased year by year. with
out break in the downward trend,
to Sl6O, O,89o.76 in l943.
Collections made on the l942-43
assessment roll represented 90 per
cent of the total rcll. the report
stated. as compared to 1892 per
cent and 1928 per cent respectively
in the two preceding years.
The power division showed net
revenue for l943 of $217 ,4S6.36, or
s5451105 over the net revenue OF
S162.955.3l. recorded for 1912. The
audit showed that power sales
alone. amounting TO Sl,l63 ,9l9. .83,
accounted for a substantial portion
of the increase. Total power sales
for 1912 were 1881 ,9l172. Interest,
discounts and miscellaneous sales
accounted for the remaining s20.-
l1l.7O of the 81 ,184 ,O31.7G gross reve-
nue. total. The total expense of the
power division for l943 was $685.
565.34. or S240,4l5.4l more than the
S726.14983 total for the preceding
wear. The largest increase in the
expense was sl6l 53804 for opera
ton and maintenance. This increase
was due partly tc tie illegal power
strike which necessitated purchase
of power bv the district from the
California Electric Power Company
and increased costs of operation due
to the war. Administrative and
overhead costs for 1943, amounting
to s404 .07O.54, were 30995.98 more
than the s363,074.56 total recorded
for 1942.
The audit showed that financial
costs. including interest on bonded
Gebt. and interest on warrants, was
s37.881.49 greater in l943 than in
1912. In l943 interest on tie bonded
debt amounted to sl53,728.9l, while
interest on warrants was S2878l
or a total of sl540l6.72.
One of the most important
achievements outlined in the audit
for the power division was pur-
chase by the district in l943 OF the
California Electric Power Company
electrical properties in the Impe-
rial county, Coachella Valley and
San Diego county areas. The audi
tors said. During the period under
review. climaxing an extended pc
riod of negotiation, the district ac-
uuired by purchase, certain OF tne
electric plant and properties OF the
California Electric Power Company
which are located in Imperial
River1ide and San Diego counties
This purchase. involving a gross
expenditure OF S4900.00O.00, was
accomplished through the issuance
# Electric Revenue Bonds
MEXICAN DIVISION
The Mexican division was thf
ONLY one listed in the audit report
that showed a deficit with an OPP
Grating loss of sl39, ,783.07 recorded
for the year. The 1912 deficit
amounted TO sl28,2l5.00. The in
crease in net loss was summarized
bv the auditors as follows: opera
ticn' Of canals, sl.25l12; mainte-
nance Of canals. sl.605.88: mainte-
nance Of structures. s2l.445.75; gen.
eral expenses. s40.52997: admins
trative. overhead. s6.079.78, or to-
tai Of s709l2.50 Deducted from this
total wa S5g,34452, which included
an increase of s45.477 55 for water
sales. and a decrease in sundry costs
If si3 .886.97. Difference between the
total increased expense of s7O,-
ot2 50 and the s59.344.52 left a net
increase In net loss of sll.56798
Assets of the Imperial Irrigation
District. as set forth in the audit
report. totalCd s3i.Ss4. i02.72 on Dee.