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Show . . . . . ... Salt LaEte City Closes Fiscal Year With Surplys off $5G;69 i . r 1 ; ! . . ,. ; iiico:.:e, costs : l SHOW DECREASE FROM 38 TOTAL; j KM Departments' Uvei - Within Budget, Says ' I Audit Report . Fiscal affair of Salt Lake Oty corporation were closed for 1(39' J with a surplus of 158,694.02, Audi' -tor Jerrold P. Beesley reported Tuesday to dty oommtaslorwrs. Operating revenue, exclusive of borrowed money, totaled $3,258,-m.90 $3,258,-m.90 and waa $94.4117 leas thaa 193S recelpta. Total operating costs were $3,-162,98JS $3,-162,98JS and were $70,065.60 lest thaa the corresponding figure for 1931, according to the report - The gross surplus after all 1839 bill, were paid was $96.195.29.T'r that amount- however, $37,901.27 had to be applied on the books against corresponding sum credited cred-ited at the beginning of 1939 to offset an accrued defidt Asaraea DefloM Bettrai : ' , . Remainder of the $217,031.83 accrued ac-crued deficit wiped out at the beginning be-ginning of 1939 operations, was retired with a surplus from 1938 operations, It waa explained. Thus, 1939 -was the. first time Salt Lake City for snany years began be-gan Its operation without an unfunded un-funded debt At on time the accrued' ac-crued' deficits from prior years' operation which went beyond In comes, or wherein In corn fell short of anticipated revenue upon which budgets were baaed, totaled more than $300,000. City official viewed the report optimistically, pointing out that It r fleets, la their opinion, a sound financial condition of the dty. The city's bonded debt however. Is stIU slightly la exoss of $7400,000, records disclosed. . Uv4 Wlthla Bodget ', The year-end report which commissioners com-missioners ordered filed, - shows that aU department "lived within" their 1939 budgets and that the department of public affairs and finance concluded It 1939 operations opera-tions with a surplus of $7532. Anticipated revenue, upon which the 1939 budget was based, exceeded exceed-ed early estimate by $29,420.21 net Som of the revenue item. Including business licences, earnings earn-ings from general department and fine and forfeitures, fell abort of . , the early estimate. The water department produced $23,981.40 more than it 1939 quota of $620,000 and receipts from current cur-rent taxes were $23,684.03 higher than the estimated quota of $1,-815.071.35, $1,-815.071.35, the report shows. The $58,694.02 net surplus from the year's operations will b utilized to offset the $99,000 revenue rev-enue Item estimated In the 1940 budget a likely to accrue as "leftovers" "left-overs" from the 1939 budget, the auditor said. , . . Aiier scraping me casn oui oi I the drawer, he commanded the owner and hi wife to walk to the t rear of the store as he fled east on First South street toward I Sixth East street, Mr. Cozakos said. |