OCR Text |
Show PROVO'S FINANCIAL CONDITION IS GOOD PROVO "Provo'a financial condition con-dition is good," declared Mayor Mark Anderson Tuesday after publication pub-lication of the auditor's report for the city. A statement issued by Mayor Anderson An-derson explains that, although the city haa exceeded its public Improvement Im-provement budget by M78J 81 and the street budget by ls31.4. they will get sbout IflOOO from the street improvement districts, which will almost take up thia deficiency. "In spile of these overdrafts and in aplte of the $18,000 gift to the Utah Valley hoapital. we will not diminish the operating aurplua that has enabled us to run without tax anticipation borrowing." the mayor said. "The overdrafts in a few departments depart-ments and the hospital gift will be balanced by excess collections of approximately $40000 in this year's receipts," he explained. |