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Show City Council Adopts Budget For 1952 Following Public Hearing On Monday its budget during 1951 with the sewer and waterworks departments depart-ments having to draw on the fund balance, which is accumulated over the years. This was due to the extension ex-tension of lines and purchases of material such as water meters in (Continued on Page 6) Following a public hearing on the proposed city budget for the coming year, held Monday evening in- the council room, the budget, based on a 22 mill tax levy, was adopted. Anticipated receipts from the various departments are outlined in the budget as follows: General fund, 2.6 mill levy, $15,000; waterworks, 3 mill levy plus income from sprinkling and other sources, $49,050; electric department de-partment which derives its income entirely from the users, $171,000; public safety, 5 mill levy, plus finey, forfeitures, liquor control fund, garage rates and miscellaneous, miscellan-eous, $48,000; streets and side-walks, side-walks, 5 mills, $18,000; parks and public safety, 3.4 mills, $17,000; sewer, 2 mills plus connections and service charges, $21,000; library, 1 mill, $3600; bond interest and sinking fund, the income for which is taken three - fourths from the electric department and one-fourth from the waterworks, used to retire re-tire bonds and interest, $54,000; B and C road fund, which received its income from a state tax refund, re-fund, $11,400. Total anticipated receipts re-ceipts approximately $408,950. Disbursements Anticipated disbursements for 1952 as they are now estimated will be as follows (approximately): (approxi-mately): General fund, $13,500; waterworks. water-works. $49,000; electric department, depart-ment, $170,000; public safety, $42,-250; $42,-250; streets and sidewalks, $15,-000; $15,-000; parks and public property, $17,000; sewer, $20,300; library, $3600; payments on bonds and interest. in-terest. $43,500; B and C road fund, $11,400. The city has operated within I City Council Adopts Budget For 1952 (Continued from Page One) anticipation of future needs. The fund balance at the beginning begin-ning of 1951 was about $110,000. At the present time it is near $81,-000 $81,-000 and it is expected to be raised back to $105,00 during 1952. |