Show PUD PLAN DISCUSSED FOR FOB SOLVING gins mm FINANCIAL PROBLEMS mm officials official propose to build big light plant Plan and tand public safety building without enact t tentative budget given fiven appeal is made for unqualified support up port read it hen ben your officials a seem d other office january shuan 7 1924 they we were confront mat d with some extremely grobl A bond issue had bad beer been voted for 72 65 for a new 11 hi dro electric elect u unit and 70 0 0 for water works ex tensions extensions when the res assessed ed valuation of the pro perty within the corporate 11 flimns limns of ato the he city was 7 16 th this issue together gobbo with th other outstanding bonds bond brought the indebtedness nearly up to the legal limit subsequently an a aea act was segre abed leaving in round figures onh of valuation will n hearp he corporate te hew limits inch beati I 1 ahl st at present presen tut w are am handed bonded in I 1 bea be ond end the legal limit the wisdom dorn of wang ansin all of out our ion avow owing ing pott pam er to finance a new municipal nuni nori cipal I 1 light ight plant to the eb an 1011 of akiery everything thing else might well be questioned but the hoople had vo led ced the 65 for that spen tic be purpose and OUT our engineer in ormed us that a horse hone power ailt lant would cost ap approximately pp larn attly 5 while the one proposed not maxinem maxi lenow num 41 lines horse e power mm mini mum caura it horse power might pos ibb ible be built for the 65 term would seem to ue be little question but hit bit t ane im P proposition rap tion to build the arger plant was mas theon the one to be consid ered dred under circumstances if we were to or build at all and your elt that public sentiment favored ery cry strongly the building of a new aart even though conditions had changed bargad very water materially belly since onal the I 1 ond end rame issue was voted but could the taxpayers era stand the burden oi of axes aie until tat surel energy of the new plant plait cc C uld old be marketed right here i 3 our officials had to get down to so some e good hard bard figuring and here let 1 us I pause t to cap express g grateful for the splendid advice adlice slid and service of mr C areas 0 roa kalle kyller our engineer enz ineer who gave us the benefit of his wide aide experience in rum po arturs also to M mr or son 0 orton and to mr S A math e eon eion on for their very able assistance to budget the tion business of th chiv seemed the logical thing to do we mut linow know as ah near as could b bi awe tallied what we me had to tn do with the effect on t tabei aas of the undertaking of fanan fmanning cing the new otilit and ad we me must tn jet in coary aery concie able wi to in creise a e the city I 1 revenue and to apply rigid economy to the ex expends tures after the preliminary budget was prepared it seemed as though we could safety safely proceed to consider the bids for materials necessary for the construction of the plant and fortu fortunately a attly the low bids on all the important schedules lida of the engineers a specifications esene came within the noney available so we proceeded to awa award d the contracts the he figures in the preliminary budget were ere revised some after checking the same am against go t actual revenue and expenditure items taken from the city records of the past so 10 thit that now we me submit for our mar peo perusal al our tent tentative atit a budget for th the e yea year es 1924 and 1925 which ae a believe a airl ao accurate curate and reasonably safe ife to tollow REVENUE 1924 electric light and power paroo paiman an paragonah Para gonah 00 and street lights for carowan parowan 2 00 hatm system ren rentals dentali tali 00 justice court flues fines IWA 90 0 0 00 licenses Licen ces if 00 as 52 00 uncollected revenue 1 00 lights light 1 00 0 cemetery 2364 00 not drawn interest on balance of bond money 2000 00 0 uncollected taxes general coush cash in treasury dee dec 31 1923 exclusive of 09 sinking and construction funds 09 total E expenditures k TURES 1924 electric plant at 5 00 interest bond issue bases 2050 00 above linking nuel fund on 1440 00 operation 00 U handling collections att 00 1 id street light globes faw 01 main Maintain annance ince ditch lines etc to 00 0 00 0 80 book keeping forms postage tage etc 8 00 soo 00 as 00 total electric DL department P artmont art ment waterworks watermarks Water works marks dep department urt ment interest new bond neace at S 00 basis za 24 4 0 00 sinking fund on same interest old bond issue 11 at 5 00 sinking fund on same straight 1322 00 basis nine years supervisors salary 00 00 up keep 60 00 collections bookkeeping book keeping forms form postage etc 30 00 38 00 38 56 00 total water sy astero stem department 8 0 0 0 library 47 S 00 mayor and city council I 1 salaries let all other sail salaries mies except sexton light and water 1590 00 supervisor 00 health and it extra help 00 cemetery sexton salary hearse expense etc 1000 00 streets ht sidewalks and waterways 2000 00 I 1 insurance ii lion on county tax lax collections 50 00 postage stationary general 2175 00 pursue birdet lights light amount Amoun tto to be paid this hesion year on new city and 2010 2 ill 00 county jail and storage building 00 total continued on last liitt page PLANS FOR SOLVING FINANCIAL PROBLEMS continued from page one REVENUE 1923 1925 balance tro lou n 1924 excess of revenue over expenditures fa 3 99 assuming ta tax it levy of 18 nulls mills valuation 00 rl rie ate itric light and power revenue same as all 1924 6 00 flater let b 1 3 00 thitu line 00 I 1 00 all 00 i nn on total 22 09 chame home as 1924 20 no nil bc il close og an analysis of som some 1 of the items cal thoc in the budget ought might be 1 of inheres the binns of revenue and eap exp ti t x on the electric and water otili ties being the most important import erit ahe ill oro hem of the gross earnings of oe the light plant including Inc including ludin g treet or lights it vill te be noted ta that her on the ture into side there is an item of 2175 for lights lighta after deducting this rhia item from the gross gemis there re n kins ins of actual consumption chich we should get into the treas irv it might seem high to some but it when it I 1 is considered that ire a about berh a in our city it the mul komov rate on thise would bield eld 1600 slid and paragonah Para gonah ought to ald it least existing ordinance for the minimum nm sir vice harge hare of 1 I 1 00 although it has not jeen 7 eaf breed d for some time past limit 7 mt it is evident now that it 11 to must uit be of iced tor the cit ati must have ev ocollar rv that thai it I 1 entitled I 1 in III this connection ome might ob let to the announced t i to en c exiting exi tine ordinance lati to he hint im of payment pact of light ind I 1 d idaer at but on our affair it pres nt ill will not permit of the anys do ng ing a credit business bei straI we mutt must have lri ra dollar due and it must come in 0 on tol thi th street lights ai i laurel uraj tt it 1 4 v r rr th 1 12 2 hb a TI a th thi ile ih ad ded 0 o ast 1 ekes akes the plant north to tons its n service although not from a revenue producing laras basis This Thes is with in 1390 of enough to off offset set the fixed charges charge of fhoos against ty ire a my investment st Ita in the new plant the old is an 85 horsepower unit the new will be a horsepower maxi horsepower minimum unit it may broy be out not confidently confident ty a ex pea th that 1 nah etith the installation tal lation of the lw unit hurt our 11 revenue ivan from this source will be greatly increased n increased halit load a cooking load nd d a pon power er loud load are all 11 jm po sMili hi ties liea of the future for every t that the new plant earns over what bat the h old is a now earning taxes can be red reduced leed I 1 null mill on oil the basis of a valuation in the waterworks water nater works department it i will be I 1 i abed that there are fixed ex tures of n chile ado rental re e for 1923 are only 1698 80 hence acce the no necessity y for passing the new ordinance increasing the rates so thit the batem will come came some a wr re near financing itself and not have to be maintained by taxat oil IT ought to a earn a enough gh to off ff set at the lew made for this purpose new late ramps will ill be effective for onla part of 1924 le s we have esto estimated nae 1 revenue from this source at 10 baile fr for 1925 we have figured from this ins source the item oc 2000 athe s the amount we thou thought glit we could set ot slide aside this thi athi ear toward the be construction of th the new cit and county ju and stor st r age B Buil building cing th the total cost cat to the cita will nil be about but it we was thought advisable to spread this over oer time I 1 bears aon ahe ec account it of our not be 0 ng di ible e to bond for its construct in conclusion let us sav that we con sider ourselves ow our be rants and our ambition ib 0 o handle your affairs in a businesslike ii ianne and to byoir satisfaction to a solicit ohrt sour unqualified qualified support respectfully submitted submit tedi 3 claton mitchell mr M r jolin TR T asmussen L DA D A mail Matli hiso ehon adgar benson H D bayles I 1 L N marsan j imen councilman an i |