The frontiersman., 1952-07-17
JUNE 30 FINANCIAL STATEMENT SHOWS SLIM CITY BALANCE

The city's financial statement of June 30, 1852, as presented to the City Council this week by Will liam Head, revealed that con- tinued capital expenditures and losses from the telephone system have placed an as yet black bal ance in jeopardy.
 The carefully prepared state. ment was Heads last duty as City Clerk, a job which he resigned July l.
 Operating expenses have claim ed less than half of city revenues since moneys first started coming into the city treasury after Octo- Der l. Total revenues from that date had reached $58,265.22 as of June 30. Operating disburse- ments including losses from tele- phone operations amounted to S25. 5.989.57. This included total of S6,630.34 to the police depart ment since it started operating September l, $5,100 for salaries, and the balance for auto and Jail expense. Disbursements for the fire department, which the city took over January>l, amounted to $l,274.25, $385 for salaries and S889.25 for operating expenses. The street department, which was set up late in January, cost the city a total of $5,918.41, $3,264.5O for salaries and $2,653.91 for oper- atins expenses. Disbursements from the Clerks office amounted to $5,074.10, $3,719.62 for salaries and the balance of stationery, printing, supplies, and recording.
 General and administrative ex- penses, some of which extend from the date of the city's incor- poration April 30, 1851, total $4,- 790.9O. This figure includes $44O.- 45 for election expense, $180 for Council Chamber rents, $174.45 for interest, $568.50 for snow re- moval before the street depart ment functioned, $113.30 for sur veys and maps, $490.65 for legal advertising, $2,l00 in part pay ment toward the City Attorneys first year salary, $315.05 for inSur- ance, and $408.50 for Planning Commission expense.
 Cost of operating the telephone system for four months-March June 3O-was $2,311.57.
 Capital expenditures including S24,726.88 for road equipment, $7O8 for fire fighting equipment, and $3,075 for water system land total $28,509.88.
 Although the sum of the oper-- atinq disbursements plus capital expenditures left a net balance of S3, ,765.77 as of June 30, it does not take into account obligations previously assumed by the Coun- cil and still outstanding. These ln- tlude a total of $3,862.60 in bills for May and June and still un- paid. The largest of these bills is for 100 telephones-S2, 900 plus freight. Although the telephones, when installed, will appreciably . increase telephone revenues, they cannot be installed until a new switchboard is placed in opera ton. The new switchboard, lr turn, must await the installation of new cable lines. Other obliga' tions assumed by the city bring the total close to S30,000. Purchase of the ARRC water line may cost the city $20,000. To the Palmer
 School District, the Council ha: promised $5,O00 from sales tax
 revenues, $2,500 of which is 10 be paid September l, if possible There also remains an unpaic balance on the City Attorney: salary for last year as well as ar already earned amount for this year.
 An additional capital expendi. ture contemplated by the city i: the purchase of a ''cat" or bull dozer for snow removal and fol establishing street grade lines The Council is currently consider ing an offer on such a vehicle from the Coop. The cost, includ ing a needed extra part would be in excess of $21, ,000.