Salt Lake Telegram | 1935-12-10 | Page 2 | S. L. Can Ned '35 minus Deficit

SI s. L. L L CAN END 35 MINUS DEFICIT I City Auditor Samuel F. F Nicholls reported to the city commission Tuesday he believes Salt Lake City's government can an end the year without without with- with out ut a deficit despite an overdraft ot of f in the surplus surplus sur- sur plus lus as of November 30 His financial ial report for or November Novem- Novem her ber cr and first 11 months of ot 1935 showed Expenditures of in the ii 11 1 months or less than the amount mount spent the same period last year car Expenditures of in November November No- No vember ember or more than in October Revenue for the first 11 months ot of f or less Jess than the he estimate made mado tho first of the tho year ear Receipts in November of against in October The drop was caused by no receipts of ot general genral gen- gen ral eral property taxes last month It was explained a deficit can be averted by applying budget surpluses surpluses sur- sur pluses luses against the overdraft and andy by y revenue which the city expects will bring receipts approaching the figure estimated at the first of the year car The Thc overdraft in the ted surplus was caused by emergency emer- emer gency expenses caused by breaking of f water mains insurance on works projects an addition to tho the parks budget and other factors Last year the tho overdraft in the surplus at this time was