Salt Lake Telegram | 1932-04-12 | Page 13 | City Expenses Cut $169,995 in First Quarter

CITY EXPENSES 1 i CUT IN FIRST QUARTER Total Cost of Municipal Government Government Gov Gov- for 3 Months Is Municipal operating expenses decreased decreased decreased de de- de- de creased in the first quarter of ot 1932 compared with the cost during during during dur dur- ing the corresponding period of 1931 it was reported Tuesday by Auditor Samuel F F. NicholLs to the city com corn mission Total cost of ot running the government government govern govern- ment during the period ending March 31 was according to the re report re- re port which was compiled by Francis Franc S J. J chief chier accountant in Mr Nicholls' Nicholls department Operating expenses for March were an increase of or compared compared com corn pared with the operating figure for March 1931 This it was explained is the result of or a change in policy which calls for quarterly payment of interest on tax anticipation notes in instead instead instead in- in stead of annual annu-al payment as has been the custom heretofore LIBRARY SPENDS MORE Ever Every department in the city except except ex ex- the library shows decreased expenditures expenditures ex ex- for the year thus far Jr The public library has expended more this year than it did last year during the corresponding period The street department has effected the greatest reduction in operating costs There the expenditures have been beers less this year than they were during the corresponding period period pe pe- pe- pe nod last year The surplus on March 31 was which is more than the city had in the same account on March 31 1931 REVENUES DECREASE Revenues including taxes for tor the first quarter were which is less than the revenues during the first quarter of ot 1931 The report was accompanied by special reports ports on the status of or the water and storm sewer bond issues The special water fund of or created July 1 1931 shows a balance I of ot which is red to the extent of or The storm sewer fund of ot was wa created October 27 1931 Only of or the bonds have been sold and of or these are still held in inthe inthe inthe the fund The cash balance is however to the extent of meaning that additional sale of ot the bonds will be necessary in the immediate future I I