Show FINANCIAL CONDITION IDEAL while the auditor finds an all increase in total city expenditures in brigham city tor for 1923 as compared with 1922 of 0 more than william holmes who has just completed an audit of 0 the accounts of 0 the municipality tor for the last calendar years says the citizens of 0 brigham city are to be congratulated upon the robust condition of 0 their finances as a whole in and d the sinking funds in particular amortized on a 6 5 per cent basis the amounts set aside each year will together with interest accretions thereto be exactly sufficient to redeem each series at maturity neither more nor less the conditions Is almost ideal and Is worthy of emulation by every other city ot of the state this city Is now carrying bonds according to the report of 0 the audit which was filed with mirk mark tuttle state auditor saturday totaling it has an unspent balance ot of wa ter works bonds ot of and sinking funds totaling the electric light system Is bonded for or included in the above total the bonds carrying 6 per cent mr air holmes values the plant on what he declares to be a constructive bases at on this plant he figures a n net et g gain ain from operations during the year after charging off interest and sinking fund but not depreciation of 0 or about 12 per cent the total tota I 1 operating revenue from the plant Is 7 or less than 10 per cent ot of the valuation placed on it by the auditor however mr air holmes con sideres this really a remarkable showing commenting as follows the net result ot of the years operation Is a gain ot of it should be borne in mind that no charge has been made against the city tor for street lights nor tor for tree free porch lights which have been installed in N various parts ot f the city when it ts Is considered considered that the average I 1 oad load la Is approximately 50 per cent ot of the peak and that the maximum rate is 6 cents per kilowatt hour the showing la in truly remarkable no department has been bee charged on the theory that the taxpayers are not only paying interest on the bonded debt but are in addition setting aside each year a sum suin sufficient to meet the bond issue at maturity against the operating revenues as given above the auditor finds operating charges of the plant ot of course pays no taxes bond interest Is in addition and aln sinking ang fund with the electric light plant valued as above the waterworks water works system at and street improvements at mr holmes finds the capital assets of the city to be and after the bonded indebtedness Is deducted the net worth of of the city Is the revenue from all sources last year including electric light and wa ter works revenues was in rou round nd numbers and the expenditures these figures compare with revenue and expenditures the preceding year included in the expenditures ot of 1923 was classified under the heading ot of epidemic emergency mr holmes Hol nies however attributes the increase in revenue first to the natural growth and second to increased expenditures for the improvement of the electric light plant and water utilities improvements to the electric light plant cost and to the waterworks water works plant the latter item being exclusive of i spent from the bond issue complete revision Is recommended in the procedure lor for the collection ot of I 1 merchants lic licenses anses and it Is pointed out that the clerical work connected with the city court Is badly congested causing considerable delay in work that should be kept up to date measures are being taken to relieve this condition |