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Show BINGHAM COSTS TRAIL BUDGET FORHALF YEAR Expenditures for Bingham city government during the first six months of 1949 were $2162 less than budget estimates but exceeded ex-ceeded 1948 outlay for a similar period by $2415, according to an auditor's report, released Friday by Eugene Morris, city recorder. Budget estimates for only one item insurance and bond premiums prem-iums were exceeded during the six month period. In all other departments de-partments expenditures were considerably less than budget allocations al-locations for the first half of the year or on a par with funds earmarked ear-marked for spending. Mr. Morris said the council increased in-creased the amount of insurance on the city hall building and two fire stations after the budget of $38,856 was set up. The decision necessitated expenditure of $601 more than the $500 originally provided pro-vided for insurance and bond premiums. Total expenditures were $38,-693, $38,-693, exactly $1262 less than anticipated. an-ticipated. Total receipts were $20,657, which is $1004 more than estimated when the budget was set, but $1823 less than received in the same months of 1948. In actual cash on hand, the city is not so rich as it was during the first six months of 1948, but a big share of the decrease from $29,297 to $16,639 is accountable to purchase of a $5150 street department de-partment truck and the fact Salt Lake county has not released some $4000 which is Bingham's share of property taxes due from the 1948 tax levy. Beesley, Wood and Co., auditors, audit-ors, reported the assessed valuation valu-ation of the city now is $2,317,045 which includes real estate, personal per-sonal property, utilities and mines. This amount is subject to Minor Min-or adjustments, the report points out. The total represents an increase in-crease of $40,906 more than the 1948 valuation. Based on a 15-mill 15-mill levy and 98 collection, tax revenues for 1949 should be approximately ap-proximately $34,060 compared with an estimated tax revenue of $32,508. |
