Salt Lake Telegram | 1933-05-04 | Page 9 | City Borrows Less and Has More on Hand

i l 1 i I I I i y yLI LI It CITY BORROWS LESS AND HAS HAS' HA S SMORE MORE ON UN HAND Salt Lake Auditor Submits Report as of April 30 Salt Lake City had borrowed less money on tax anticipation notes and had a larger larger- cash balance on April 30 than han it did on the corresponding date last ast year It was shown Thursday bil by bi bythe bythe the monthly statement of City Audi Audi- tor or Samuel F. F Nicholls The statement compiled by F. F FJ J. J shows out standing tax notes and a cash balance of as of April 30 this year Last April 30 the outstanding tax notes totaled and the ci cash h balance was Total expenditures of all aU departments depart depart- ments for the month four period since e January 1 were including Incumbrances incumbrances incumbrances in- in cumbrances on budgets created by Unfilled Un tin filled purchase orders At a corresponding corresponding corre corre- date last year year the same departments departments de de- had spent created by outstanding out standing purchase e orders The accounting accounting ac ae counting system has b been eri changed since last year to show status pur purchase chase has orders at all times Every city department shows re a n In its expenditures this this' year except the auditor D Due e to increased duties thrust up upon n this dep department nt expenditures th this year have exceeded those of last year yearby by during the period The unexpended surplus this y year r ron on April 30 was vas compared to in the same column of at the report for last year The larger figure last year included set aside temporarily for the bond sinking fund The amount was lat later r used however to wipe wip out 1932 bills falling due at the end of the year it was explained Although receipts for tor the current year show as compared to for 1932 the current figure figur includes in taxes which were due last year but not received until after alter January I 1 th this year The net increase in receipts this year is 35 it was stated Included in the receipts are in departmental fees which is less than the sum received from similar similar simi sun lar sources last year The report was received by the commission commission commission com com- mission and ordered filed