Salt Lake Telegram | 1937-07-08 | Page 13 | County Debts Trimmed down to Record Low

COUNTY DEBTS TRIMMED DOWN -TO RECORD LOW Payments Make Total Smallest Reached Since 1919 With $160 000 In bonds retired during the first six months of 1937, Salt Lake county's bonded Indebtedness Indebted-ness stood at the lowest figure since 191 Thursday, County Auditor Fer-rell Fer-rell H. Adams disclosed In his report for the period. The total bonded indebtedness low stands at $765,000. During the first six-month period, j 1183,874.06 was used in bond re- demption and Interest payments, j with 321,383.75 for semiannual Interest Inter-est in April. This leaves a balance ! " ef 121,660.36 "or th original budget 1 amount of $206,524.43 to meet Oe-: Oe-: tober interest payments. This year's redemption amounts I are the largest ever made in a sin-I sin-I gle year since the bonds were issued in 1919, Mr. Adams (aid. During the financial atres of 1933-34 no ! reduction were made in the county' coun-ty' bonded Indebtedness. Last year, however, $158,000 was used to pay ! off bonds. I Halt ef Budget Mr. Adams' report further shows that first half expenditures in departments de-partments under the general fund were only slightly over half of the original budget appropriation. The general fund started off the year, beginning January 1, with an appropriation of $603,285. Of this amount $312,969.25 has been spent This represents 51.87 per cent of the original appropriation. However, a different picture Is hown In the poor fund from which hospital, Infirmary, nurses' home, charity and similar expenditures are made. This fund started the year with an appropriation of $343,600. Of i this amount $192,557.37 has been expended, representing 56.04 per 1 cent fo the total ', May Need Adjustment This fund Is hard to control and some adjustments may be necessary to meet the demand," Mr. Adams said. Expenditures under this fund for I the first six months, with tho original orig-inal appropriations, are: county 1 hospital, $105,544.68 and an appro-f appro-f I priatlon of $186,520; Infirmary, $27,-i $27,-i 209.48 and an appropriation of $90,-, $90,-, 600; nurses' home, $9810.19 and $21,-000; $21,-000; heating plant, $19,723.75 and $32,500; charity, $23,229.11 and $40,-80: $40,-80: laundry, $7040.46 and $12,000. The roads and bridges department depart-ment Is also slightly over the halfway half-way mark for the first six months, having expended 52.86 of Its total appropriation. This department started the year with $275,310.58 and has expended $145,539.06. Costs of removing unusually heavy snows during the winter months brought I about the larger expenditures. Most offices under the general fund are within their limits, excepting ex-cepting In those cases where the bulk of the department's work comes during the early part of the year. An example of this is shown in the assessor's office, where 61.07 per cent of the original appropriation appropria-tion has been expended for field assessing work in the early spring.