Show Money in the Bank FIN FINAL 1935 finan financial al report submitted to the city commission by City Auditor Samuel F. F Nicholls shows that the city had a piece of luck rounding out the year with si 4 surplus of 2416 The luck was in the payment pay pay- ment of o delinquent general taxes which increased increased in in- in creased anticipated revenues es by Total expenditures for city government last year year were 75 The 1935 budget was was' to which was subsequently added making it actually The city collected more for cure current cur cur- re rent e t. t taxes than in 1934 a certain indication of 0 better er financial h health on the part of the taxpayers tax tax- p payers ayers Due to the drive by the state tax com commission mission for back taxes collections from this zour source e were more than th n re receipts in 1934 Expenditures by the city in 1935 exceeded exceed d those of 1934 by All departments except public safety contributed to this mount mounting mount ing mg expense for city government Passage of the emergency tax law for the relief of taxpayers ers with long standing delinquencies delinquencies delin delin- q e becoming effective in March 1935 was as the city's lifesaver lifesaver but but i it could not h have ve been anticipated when the 1935 budget was drawn rawn and approved o ed in December of 1934 So regardless of the fact that that- the city had money in 1 the bank when the bo books were closed for the y year ar disregarding g outstanding unpaid l purchase pur pur- thase chase orders amounting to the figures reinforce rather than refute observations made here ere a few days ago based on a a. preliminary financial ancial statement We noted that living within a budget ca can be bean beart an art almost me meaningless ss term when it does not also ilso mean living within realized income Spending Spending Spend Spend- ing on a budget based on overestimated ted revenue can an an only mean winding up up the year in debt debt debt- a plague fr from m which this city has suffered for foi years than taxpayers care to think about |