The frontiersman., 1952-12-04
EXAMINATION REPORT GIVEN AT SPECIAL
 MEETING DECEMBER 2

HNU DHVaHvaDAAa& &
 At a special meeting held by the Palmer City Council Decem- Der 2, O. K. Kincad, CPA, pre- sented the results of an audit per formed by him on the financial condition of the City of Palmer for the period from May 3, 1851 to September 30, 1852.
 His examinations showed that up to September, 1851 the city had no income. At that time a retail sales tax, passed by the voters the previous month, began This method of obtaining revenue has produced the main portion of operating funds for the period examined. The retail sales tax collected for this period totaled $75, ,889.19 for an average monthly income of $5,837.63. The month ly report from the businesses col Iecting this tax were examined and analysed and it was noted that the terms of Sales Tax Or dinance No. 10 was not being complied with by many, No pen alties or interest on delinquent filings of the reports have been assessed.
 L. K. Mooers, city clerk, an- nounced this week that effective j3nuary 1, the sales tax ordinance will be strictly enforced, with particular emphasis on section six of the ordinance which reads in part: on or before the tenth day of each month shall make out a return for the pre- ceding month upon forms to be pro !ided by the City Clerk set ting forth the amount of all sales and services ." Also: Tn the event the tax is not paid before delinquency as herein provided a penalty of five (5%o) per centum of such tax shall be added to the tax for the first month or fraction thereof of delinquency until a total penalty of fifteen Q5%) per centum has accrued. Such penal ty shall be assessed and collected in the same manner as the tax is assessed and collected. In addition to the aforesaid penalty, interest at the rate of six (6@o) per cen- tum per annum on the delinquent tax from the date of delinquency until paid shall accrue and be col lected in the same manner the delinquent tax is collected" Mooer emphasized that these pen alties will be charged on all de- linquent returns effective Janu- ary l. The ordinance will be en- forced so that all persons will bear their equitable share of the tax burden, as was the original intent when the ordinance was adopted, he stated.
 Kincaid's report went on to state that the city of Palmer does not levy tax on real or personal property; however, there has been tentative tax roll estab- lished for the purpose of obtain ing Alaska Public Works monies for municipal water system. This system is now under con- struction and the completion date is set as August 1, 1853. This program is under the direction of APW and the estimated city cost of the project is $337,5OO. It is anticipated that the city's share of the cost will be amortised over a 20 year period from the rev. enues of the water system. As se- curity for their share of the cost of the project, the voters of Pal mer authorized a bond issue in the amount of $40O,000 if such would be required by APW. It does not appear likely that the city will be required to issue these bonds, but the Common Council have the authority to do so if it is required. The es- timated annual cost to the city is approximately $3,O00 per year.
 Another item, the report went on, important in the municipal water system is the acquiring of
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