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Show B5 The SaltJLakfcjJTrihune, Sunday, February 12, 1961 CAPITAL START OUTLAY 4 I960 $608,903.12 FUNDS! EXPENDED Scout Plaque Honors Gyde END Explorers, scouts and cubs from five councils of the Boy Scouts of America gave a yearend report to Utah Gov. George D. Clyde Saturday. THEY ALSO gave the a plaque, noting that the Boy Scout movement was now moving into its second half century of existence. Gov. Clyde commented on the first 50 years of Boy Scout work: A half century p&sses 1960 gQV-ern- CANCELS DEFICITS kh ':,t tZAPtrAui IMPR- - J JV CAPITAL OUTLAY Xs V. $608,903.12 1961 s v. .ss Vs HASXA s' s& FUNDS NEW n CEILING was added to expected new money In 1961s budget to be used for capital improvements. THIS WEEK ONLY Jutt call the groups annual convention Friday night at Harman Cafe, 250 W. North Temple. nounced Saturday, Arthur Crawford, 1067 E. I.EHI F. HINTZE, Provo, 5th South, was elected secre was elected vice president at tary treasurer. Geological Society Elects President John C Osmond, mings Rd (3450 new president of Geological Society, 3265 Cum South), is the Utah it was an w m.ruHt--KKY?&:rfo- v.ve .y.v.s v.vJV w v. VP- 4 i, FINISH - f , 'we"''"" T-- " tu jdp &-1x. v . ', ", j, 2 fv. ffr n vv i. v, v. .s vv .v wv e " V IL M1M a, El PLENTY M22 wa will bnn. you aw, tamplai, or cam OF FREE PARKING in. EASY TERMS HARMONY FLOOR COVERINGS Carpal Drainkearde linolaum 544 SOUTH Rubfce Tda Tila I EL INVITED INQUIRIES $ e Plait., and Atphall STATE S v V r ' C v- -' .A a (old-tim- ARMSTRONG'S Classic Acoustical MID-YEA- R The capital outlay balance provided money to cancel deficits of other departments, but pretty, quickly," he said. "In another 50 years, most of you boys will be my age." HE HAD ONCE been a scout of the "first order terminology for grade), he noted. The scouts represented the Jim Bridger, the Great Salt Lake, the Cache, the Lake Bonneville and Utah National Park Councils of the BSA. rt 9 Jy'kf x J a . a i jr .j. 4 for all your new season sewing y V) t i . t - e , Jf jsrtj M k j" - ,v - 'j - from each other as needed during year. At year end, whats left goes back to Fund. At start of year, General Fund fills all departmental coffers, which then borrow Blames Antiquated Fiscal Laws Auditor Clears Up Confusion Bv William F. Smiley Tnbune Staff Writer Public confusion oer the status of Salt Lake City fi nances has ansen from anti quated laws controlling munic ipal financial practices, Louis W. Holley, city auditor, said Saturday. CONFUSION arose when Mr. Holley reported the city ended fiscal 1960 with a sur plus of $259,353 88 after he had consistently warned the department heads that they were facing deficits in their budgets Confusion was compounded when Fred M. Oliver of Has kins and Sells, certified public accountants, said the surplus was created by tiansfer of $351,216 03 from the city's capital improvement fund to the geneial fund. tions, returning dollars to fund the have never left The explanation was c firmed b Mr Oliver. "That is what it amounts to in the strict interpretation of the city attot ncv he said "Ao tually, it would be much sim pier if the account were set up separately instead of hav-- j ing it dropped into the middle of the over all budget. save tip to in cash fiom the 5750,000 sale of the ntv prop city at 1st South and State let us add that amount so our capital outlay budget then was S600 000 52,600,000. The city expended $1 i84 of that amount, leaving a balance of $608 903 12 124 63 t uas r(. THE BALAM turnecj" to the general fund, although in actuality it had never left it. It covered shortages in the departmental budgets and a shortage created by fmlure of the optional sales axto produce as much money as had been estimated. We started the 1961 capital improvement account by returning that $608 903 12 to it as balance carried forward, and added to it a new estimate of the optional sales tax col lection, based on the expe rience of the past year. MB. HOLLEY agreed to that, too, and said he hoped that the municipal fiscal procedures bill which has passed the Utah Senate will get by the House and win the governor s ap proval. That will set up these sep arate funds and make our bookkeeping much more sim pie, he said. THE CITY auditor then do an explanation of the tailed MR. OLIVER said the trans1960 account for major capital fer averted a deficit of $91,-89THE ESTIMATE was $1 pointing out improvements, 15 that minor capital outlay is 800,000 which, added to the Under present laws" Mr. included in each departmental balance carried foiward, gave us $2,408 903 12 for 1961, Mr Holley said, only two t pcs of budgetcity revenue can be earmarked We had for maor capital Hlle said - bequests and income appro-p- i Of that amount, the city expendituie only the antici lated by the State Lcgisla pated revenue fiom the op- commission aheady has ap tuie to the city for specific tional sales tax, Mr Holley propriated $1,371 022 65, leav uses All else must go into said. The State Tax Commis- ing an unappropi lated balance the geneial fund sion estimate on that was three of $428,978 from the new rev The city set up a paper ac- million dollars The city com enue It will retuin to the ac count to make it tasiei to keep mission voted to use two thuds count some $151216 "bor tiack of monev budgeted for of that revenue for capital lm rowed to clear 19b0 books on capital improvement provemenLs. othgi accounts and will use S25i(5(47 of the yearend WITH THAT estimated two TRANSFERS FROM that surplus t0 total $2 408 903 12 account to the general fund are million dollars we set up our and bring tbe account into bal actually only papei tiansac- - original budget Receipt of ancr hp expiamod t M 4 I S inanufacturcrs sample cuts Compare to 1.59 yd fashion fabrics in cotton, rayon, end blends Many are easy-carCurrent patterns and colors 36-t45" wide. e. o - 36 wash-and-we- cottons ar Compare to 98c yd beautiful co'ton prints for summer Little or no ironing required Ideal for warm weather wear. MR. OLIER broke down the 1961 capital outlay budget as follows"Estimated 1961 sales tax, $1,800,000. Excess of actual sales tax revenues In 1960 (two thuds of total collection) over capital improvements, 608 903 12; less the loan to the geneial fund of $351 246 leaves a balance of $257 657 12. Appropriation from the general fund, covering amounts borrowed for appiopnation to opetating departments on Dec 13, 1960, - New embossed Printed sail cloth, 45 cottons wide is ideal for draperies, curtains. Gold, provincial, modern, floral prints. Compare to 49 yd are beautiful and easy care Spring prints Permanent finish, 36 45" wide Compare to 79c yd t 1 $351 246 THEM: HGIRES $1 800, New laces and trims now highly styled combination frame of colgold filled and aluminum in luscious ors avai'oble only at KING Complete - - $10 98 with lenses ONLY A One Price Policy Single Vision Glasses $10.98 at King can you gat tha complete glanai that you want and naed at ana Single Law Price 100 itylai, shapai and colon to choose Naed on extra pair? Need sunfrom all at one low pr ca of $10 98 fhe one low price. No extra glasses? They are all the same to us at astigmatic charges. No hidden charges for difficult prescriptions, correction, ate tifocals (Kryptoks, Ultex, Flattops) if desired, $3 98 add tional Only Repairs! Broken lenses duplicated or replaced Frames repaired while you wait, lowest prices. Oculists' Prescriptions at same price. Your promptly fitted, No Appointment I B Necessary AH Glosses Union Mode I NATIONAL also filled prescription HANDS sistence in the past week that the entne amount boi lowed another $97,834 including taken fiom the fund earlier in 1960 when other city monies were not available, has been complied with in the budgeting for 1961, Mr Holley said. THE $97,834 item, with $218,683 for a fleet of automobiles for the public safety department and $55,465 for an emergency purchase of pumps for the water department, make up the $351,246 listed above as borrowed funds, Mr. Holley said. Mr. Holley said the 1961 budget will have to be reopened to return the to the capital improvement account. $257,-657.1- Send iet ewPV' OPTICIANS t Trade Mark Registered OVER 8,000.000 SATISFIED U DARLING BLDG. SUITE 412 t 310 SOUTH MAIN ST. Irenelie. hi many principal chine ef FOUNDED CUSTOMERS a nl to S 80 p ns, Daily Incieding Wednesdays a m. to 3 p.m. Saturday Open Men. Nitet HI 7 pm. PHONIi Rltift M008 HOURSi 1904 U.S. and Cannda . . In cotton, rayon and nylon. Wide or narrow widths 0 yds Compare to 39c yd 10,-00- yd. laces and trims 10 card 494 ffemew aMmeittte setts wnftfln mew cmsMmms 2 Replace seat and back cushions of post chairs or screw-oback chairs in just minutes. De luxe set has thick padding. WHEN THAT W ILL be done is a matter for the city commission to decide, he said, and the commission will have to conduct a public hearing before it can reopen the budget. Mayor Lee said Saturday, 1 am sure this will be done by the commission within 30 days. n Long-wearin- g vinyl covering comes in golden fern pattern on white, yellow, or red. r . Fancy sold by the card 10 to 20 wide trims. Exquisite yds White, colors Compare to 2 98 a card . A. JUL ZCMI NOTIONS Street fleer |