Show Deficit And Overdraft But No Funds I the end r. r s September t b there e wa n the 1 p 01 24 4 b The city treasurers report completed to lif t word d Ira Y ou I h ii if I P. P IJ I s t tt UV o 1 w tt t ii i- i Ii I w v 2 4 no l f t E G I T H Y BA AN T E T THE E O L AL J BY HELD I I HES ECIAL C FUNDS THE i A P OTHER Ei FUNDS V AS ff AT THE H L 01 OF SEPTEMBER J OVERDRAFTS L ro IN THE M r r 1791 d' d funds funds is is w. w funds and anel the overdraft in the expense is avancing that t in the special the which IS th the mone v The 1 er between e money in It is an actual loan from t the e bank ank Up Upon on tha an amount t th e c YS required Fy it required by the bank ank to pay pay six SIX all per precedent cent interest for the file use of the city's money it has had and for the six per cent to sustain m the the Cl city's y s credit t. t The Dank bank is IS doing that against i money t outstanding outstanding out- out f in funds the j interest the city is IS paying which show the amount of cash on hand in the expense treasurer funds j has received authentic figures es from the city 1907 and divided among the various The Republican for tax standing ng warrants against o those funds and the am amount of f money derived from the levy ADMINISTRATION WILL HAVE WITH THAT THE CITY DATE THIS SHOWS IS PAID TO WHICH OVERDRAFT 1907 THE AFTER SEPTEMBER THE BALANCE THE END OF COMMENCING FROM EXPENSES OF FIFTEEN MONTHS EATEN UP BY THE FOR WHICH I TO RUN ITS AFFAIRS THE OVERDRAFT IS PAID WILL HAVE BEEN CENT IN THE THAT MONEY AFTER WITHOUT A SINGLE REPORT IS MADE ALL OF HAVE TO START THE NEW YEAR CITY WILL THE LAST THREE MONTHS OF 1907 AND THE AGAINST 1908 CHECKED GLARING OVERDRAFTS TO BE with then thel the WITH hand compared AND TREASURY with the amount on er 1907 September at the 1 end of Septem i t The Following n table shows the exact condition of the file received city treasury this year to meet those obligations t l obligations that must be met and the money moncy that will be n T 9 TT C EXPENSE FUNDS U have What they must pay What they left have What they Outstanding Warrants Tax levY for 1907 r Cash on hand Contingent 47 90 t 98 P PAYING Water Vater supply l WHAT r 11 r c un HS Ill I'll SHOW ow Streets 92 50 A At t the end of or August C ue acures ac- ac 2522 treasurers treasurer's cording to La the tho city y h tho fife Sewers 31 hy by 22 paying Tho Tito fig figures ures given glen r 8 tho the ctt city was wa t cr in the tho exp expense funds Waterworks n 16 4 2 44 figures figure bank six sl per cent cont Knox Kno nil all of tho tax ta levy leY the th that t 15 show pool h Bond and sinking of off over oer overdraft I tho rho r interest on a highest hest In n AA 44 for 0 1907 90 Iho history f of nf Salt Lake Luke on the tho ho Library S draft which was tho the excess ce will he be overdraft t a above b bun 0 valuation to total a I o er r highest 0 of the eaten up before the tho end of Total Total gr 3 r 43 all II motley money J In n th the tho 0 hank bank special a and that tho treasury treas treaS- 24 I U the year fU funds h In L Less ess cas cash 1 1 on 1 hand d slat cial or otherwise without will bo ht ury un all all of f 1 1908 08 8 The fhe r result f will willbe 43 Balance At the thO end enl of September report same ne according lIng to the tho be bP another raise vol of the tax to Overdraft in ill funds oceo i cent ell city Is s paying ay s six ix per and ond anda the Ie levy less If that tho Is 18 possible Interest on an Interest on 1757 11 which a n po payment ment of difference between be be- enormous over overdrafts for Cor on- on an another Ove Overdrafts l' l d' d 1 a ft s. s amount is the thO overdraft and amI other year ear The Thc city's city credit M Actual cash on cash on hand i It tween teen the total In all the tho funds fund ling has staggering been shattered drain o on nn d n the tho by hy treasury tress treas tho the 1 SPECIAL w v t i J FUNDS t i 0 On n 1 hand lam 1 1 0 Outstanding u t s t 1 I 0 special the tho money and will wilt otherwise I n ha have hae e to pO pay I its l 83 8 00 5 1 ft 1 The Thc city S 13 ur ury the tb S St The Th figures res g I given plon by h the tho W Waterworks guarantee gUarante r 1 y t 30 over overdrafts derived from Crom this Ibis r QI h by 8 treasurer in tn t n the tho special tho million million- funds Cund Meter deposits C. C I 4 t s I 61 r rev revenue direct e tL taxation atlon That That will t i irr of r rr show that all 11 f 10 to run the fife ell city has ha been jv leave 1 rn fund and dollar Onor at bond IOn f fall Water bond j. j 88 1007 07 and Sift all nil of ot ex exhausted c ants and that the ho money mon non Sewer bond t 51 95 the Ibo l 1908 OS rest for the o of 1 overdraft r at t Iho for tor special Improvements i. i 40 ey eg T wa was ts of oC September end contributed by hy y property own own- owner ti Special p im improvements t i o c comprises nearly half halt of 60 S 31 00 o. o of ot er ers cr predicted i C. C Just what was city's all 11 the tho money mone In tho the Totals the Iho coterie of special funds fund combined 1 The Thc t by hy outstanding warrants 1 t has been hecl proven property owners owne hy by paying paring Subtract b j special assessments have havo j i thA Ile developments helped to sustain the eIlY city's it hand 29 43 43 Net balance on 1 credit expense funds 29 in overdrafts Total otal L T Total tal cash in special funds cent interest t Amount drawing g 6 1 per checked against thai n obligations fund to meet the outstanding the contingent enough revenue in in This showing means that there will not be incurred there th re in the water supply fund tax to pay the thc obligations during the nine mo months of 1997 1907 is not enough motley money h has been spent fund There is tobe be used for the entire year of 1907 s In other words the tax levy which is is supposed to to- THREE MONTHS MONTHS OF iIO 1907 AND MONEY FOR FIFTEEN ON BORROWED I RUN THE CITY WILL HAVE TO MONTHS OF 1908 r NA 1 |