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-,r ;• X IDAY, 1, 1925 REAL A PER. PROPERTY TAXES DUE: - Ctimiit jeuft uMtd- ’ ‘ i • ments—Sch. “3 W f ' 1^16.12 Prior year's assess- ments—Sch. M 4’\v a 1,157.30 “\ CITY USENSE§, 1923-1924 **fl INVENTORIES: Fencing for cemetery $ 4,804.37 Construction supplies 2,010.00 Plant supplies 1,375.65 • Fuel ; N 508.00 Water meters 120.40 ^Electric meters 92.75 393.60 910.00 ^CHROI Fire department: Depreciation of ethipment $ 1,972.20 Rent •• 150.00 Miscellaneous 85.80 'vy - it >N, & C. • V y-. « 3 ; f f '• i . -S 1 vl 150.00 46.66 2,473.42 217.75 1,303.60 217.75 Police Department: / ^ Depreciation of equipment $ 432.28 2^08.00 196.66 $ 1,114.33 100.25 268.81 8,411.17 1,483.39 CURRENT ASSETS PREPAID INSURANCE FIXED ASSESS: Real Estate - . Light & Water plant $117,801.71 Light & Water plant ex. 67,292.77 M: Sewerage system $ 32,523.49 Sewerage system ex. 41,925.49 Street and sidewalk imp. Bldg, on Musgrove street t EQUIPMENT: ' Street dept. $ 2,054.50 Fire department 2,355.00 Office . 1,567.88 Construction dept. 863.00' Light & Water dept. 750.00 Police department 471.00 $232,142.07 19.72 1,775.75 184,594.48 74,448.98 265,014.41 $113,491.64 37,247.72 $ 84,435.90 5,775.76 160,739.36 RaST^ Miscallanoous Maintenance, Etc:: Streets and sewers Plant supplies, etc. 'Fuel consumed Power purchased Live stock expense Insurance Interest: On bond issues On notes payable 150.00 977.00 150.00 1,023.37 1,559.28 1,173.37 $17,082.12 6,113.55 / 5,917.91 5,080.50 1,369.48 361:00 I $10,287.75 4^06.51 13,693.2^ 1,113.03 53.42 'TN.. ' ^16,484.06 1,705.69 $ 31,844.64 $ 2,795.12 2,489.80 1,214.06 905.34 574.55 31,844.54 255,119.63- 12,500.00 • - t - Legal fees in, connection with < controversy % between "members of Council and the Mayor Donation Loss on electric meters Miscellaneous ^ * * a ~ * w TOTAL EXPENSES •. - . ' Excess of income over expense 35,924.56 29,653.97 *, $10,141.66 2,167.30 ( 18,189.75 12,308.96 J * • 1 • ■ a 1,615.00 225.89 39.06 1,452.58 • V t 155.18 —103.56 X f,047.49 $80,329.61 0 ; - - ■ • $62,763.07 $ 8,471.04 $18,980.76 • » SINKING FUND INVESTMENTS 4 # -ir - - : 8,061^8 28,500.00 $794,556.79 ♦ NOTES PAYABLE ACCOUNTS PAYABLE ACCRUED INTEREST: On bond issues . On notes payable LIABILITIES August 31, 1925 • $ 15,000.00 - .10,041.37 $ 6,615.78 83.94 C - - * 7,978.87 6,250.00 $554,644.05 August 31, 1924 $.36,521.74 1,355.17 SCHEDULE “1” l l PAVING ASSESSMENTS RECEIVABLE August 31, 1925 Twenty-six accounts aggregating (as per Exhibit “A”) (List may be seen at City Clerk's Office 1 SCHEDULE .“2'' MISCELLANEOUS ACCOUNTS RECEIVABLE August 31, 1925 Fifty-nine accounts aggregating (as per Exhibit “A”) _ . (List may be seen at City Clerk's Office) $7,333.17 Dated July l y 1920: STREET IMPROVEMENT 5% principal and interest payable at Hanover Nat Bank, New York City Bonds mature, as follows: $2,000 annually Jan. 1, 1926 to 1930 4,000 annually Jan. 1,1981 to 1949— 5,000 annually Jan. 1, 1941 to 1950 Dated August 15, 1924: * WATERWORKS IMPROVEMT. 5% Bonds mature $2,000*annually from Aug. 15, 1930 to A\jg. 15, 1964 principal ‘and interest payable at Nat. Bank of Com., New York City Dated August 15, 1924: SEWERAGE SYSTEM EX. 5% Bonds mature $1,000 annually from - Aug. 15, 1930 to Aug. 15, 1959 principal and interest payable at Nat. Bank of Com., New York 'City Dated June 1, 1925: WATER WORKS MAINTENANCE 5% Bonds mature June 1, 1955 principal and interest payable at Hanover Nat. Bank, New York City Annual sinking fund $ 833.33 Dated June 1, 1925: STREET IMPROVEMENT AND ^ MAINTENANCE _5% Bpnds mature June 1, 1955 principal and interest payable at Hanover Na£ Bank, New York City Annual sinking fund $5,333.33 Dated June 1, 1925: FUNDING 6% Ronds mature June 1, 1955 ——— principal and interest payable at Hanover Nat. Bank, NeW*York City Annual sinking fund $1,166.67 Dated June 1, 1925: ELECTRIC LIGHT PLANT 5%. Bonds mature June 1, 1955 principal and interest payable at Hanover Nat. Bank, New York City Annual sinking fund $ 500.00 $1,679.51 $ 3,666.63' 977.31 6,699.72 CURRENT LIABILITIES 8 ^ $ 31,741.09 BONDS PAYABLE—Sch. “5” - 535,000.0*0 TOTAL LIABILITIES $566,741.09 SURPLUS: Balance, Sept. 1, 1924 amf * 1923 respectively $212,123.20 Add: # Adjustment on bond interest and expense on $100,000 bond issue 1,132.08 Adjustment of 1922 real and personal tax 12.00 Appreciation of real estate transferred to sinking fund investments 3,500.00 Premium on $235,000 bond issue 3,898.25 4,643.94 $ 42,520.85 300,000.00 $342,5^0.85 fL $193,142.44 'I $220,665.53 Less, expense of $235,000 bond issue 1,320.87 $219,344.66 Add, excess of income over expense for fiscal year ended Aug. 31, 1925 and 1924 8,471.04 Balance August 31, 1925 and 1924, respectively 227,815.70 $794,556.79 $193,142.44 $193,142.44 18,980.76 / 212,123.20 $554,644.05 EXHIBIT M B” COMPARATIVE STATEMENT OF INCOME AND EXPENSES Two- Years Ended August <1, 1925 and 1924 INCOME: August 31, 1925 $ Taxes: v. Real APersonal Property $35,594.07 jNb „ Real & Per. Prop. Penalties 121.20 Street 1,259.00 August 31, 1924 $28,594.85 r 41.82 1,247.00 / $36,974.27 $29,883.67 Revenue from Public Utilities: Electrical tolls $30,269.21 Water tolls 10,196.00 $26,395.48 9,878.09 » i License Fees Police Fines Miscellaneous: Sinking fund inv. income Interest earned $ 1,203.39 711.64 40,465.21 5,390.46 3,187.00 ■r ■ Profit on sale of water meters 387.52 Tapping fees 301.16 Rent 180.00 1,012.42 43.57 203.50 650.00 % 9 - - Paving assessments TOTAL INCOME Salaries: Administrative Light and water Police department Administrative: * Mayor’s office expense Printing, stationery, adv. Postage, etc. Telephone and telegraph Rent * — 2,783.71 $88,800.65 36,273.57 5,100.25 2,073.50 (. 1,909.49 6,503.35 $81,743.83 EXPENSES: $ 3,130.60 6,595.60 7,022.57 $ 2,730.00 8,477.85 5,973.70 Y . 1 $16,748.18 $ 495.55 $ 819.10 492.27 288.83 61.H 418.83 300.54 . ^345.00 305.50 $17,181.55 2,367.31 (Continued on the Next Column) 1,149.45 SCHEDULE “2" . ^ ACCOUNTS RECEIVABLE WATER TAPS AND CONNECTIONS August 3t, 1925 SUMMARY: Miscellaneous accounts receivable Water taps and connections. ' , • Total, as per Exhibit “A” (List may be seen at City Clerk’s Office) y SCHEDULE “3” ' ‘ * # ' REAL AND PERSONAL PROPERTY TAX FOR THE YEAR 1924—UNPAID August 31, 1925 Two hundred seventy-four accounts aggregating (as per Ex. “A”) -(List may be seen at City Clerk’s Office) $1,679.51 243.95 1 $1,923.46 $1,316.12 SCHEDULE “4” REAL & PERSONAL PROPERTY TAXES RECEIVABLE FOR YEAR 1923—UNPAID August 31, 4925 Fifty-six accounts totaling " 4 .$274.15 - (List may be seen at City Clerk’s Office) SCHEDULE “4” * REAL & PERSONAL PROPERTY TAXES RECEIVABLE FOR YEAR, 1922—UNPAID ~ s, August 31, 1925 Twenty-five accounts totaling $175.15 (List may be seen at City Clerk’s Office) SCHEDULE “4” ^ REAL & PERSONAL PROPERTY TAXES RECEIVABLE FOR YEAR 1921—UNPAID August 31, 1925 Ninety-eight accounts totaling - _ $385.40 • (List may be seen at City Clerk's Office) SCHEDULE “4” REAL & PERSONAL PROPERTY TAXES RECEIVABLE FOR YEAR 1920—UNPAID August 31, 1925 Seventy-two accounts totaling * $322.60 (List may be seen at City.Clerk’s Office) SUMMARY V $ 274.15 ~~ \ t „ 1923 1922 1921 1920 175.15 385.40 322.60 Total, as per Exhibit “A” $1,157.30 Payable Amt. Apr. 1 $ 300.00 Oct. 1 300.00 ,C3~ SCHEDULE “5” BONDS PAYABLE ' August 31, 1925 Int. Int. Description Rate Date Dated July 1, 1906: WATER WQRKS & ELEC. LIGHT 5^ July 1 $ 1,250.00 Bonds mature July 1, 1946 Optional maturity July 1, 1926, etc., principal and interest payable at National Park Bank, New York City V Annual sinking fund $ 625.00 Dated October 1, 1910: * . ' REFUNDING (G. C. & N. RWY. BONDS) 6% Bonds mature October 1, 1950 Optional maturity Oct. 1, 1930, etc. principal and interest payable at National Park Bank, New York City Annual sinking fund $ 250.00 Dhted July 1, 1911: SEWER SYSTEM 5% Bonds mature July 1, 1951 Optional maturity July 1,1931, etc. principal and interest payable at National Park Bank, New York City Annual sinking fund $1,125.00 Dated July 1, 1911: WATER WORKS'EXTENSION 5% Bonds mature July 1,1951 Optional maturity July 1, 1931, etc. principal and interest payable at National Park Bank, New York City Annual sinking fund ~ $ 500.00 (Continued on the Next Column) Total of Issue $ 25,000.00 $ 10,000.00 Jan. 1 $ 2,250.00 $ 45,000.00 :/ r Jan. 1 $ 1,000.00 $ 20,000.0“ < • x ■% ; - -'Vi Jan. 1 $ 2,500.00 July 1 $ 2,500.00 Feb. 15 $ 1,760.00 Aug. 15 1,750.00 1 > $ 70,000.00 <;• Feb. 15 $ 750:00; Aug. 16 750.00 $ 30,000.00 m Dec. 1 $ June 1 625.00 625.00 $ 25,000.00 Dec. 1 $ 4,000.00 •June 1 4,000.00 $160,000.00 * Dec. 1 $ 875.00 $ 35,000.00 June 1 876.00 » Dec. 1 f June 1 375.00 375.00 $ 15,000.00 r* Total annual intefcjst $26,850.00 Total bonds payable, as per Exhibit “A” $535,000.00 / SCHEDULE “6” ‘ STATEMENT OF RECEIPTS AND DISBURSEMENTS BOND ISSUES DATED AUGUST 15,-1924 WATER WORKS IMPROVEMENT BONDS x ‘ .1 Less, discount Available for disbursement Disbursements: 70% of bond issue expense Right-of-way L. J. & F. L. Wagner Miscellaneous materials, etc. Total disbursed Balanee available for disbursement sewer Extension bonds Less, discount $70,000.00 700.00 $69,300.00 $ 533.47 770.00 32,500.00 35473.31 - Available for disbursement Disbursements: 30% of bond issue expense Geo. C. Odiorne Miscellaneous materials, etc. Total disbursed » , Cash in First National Bank 69,276.78 $30,000.00 300.00 $29,700.00 $23.22 $ 223.61 3,500.00 25^971.39 ’ 1 .1* $29,700.00 $23.22 SCHEDULE “7” 9 — . . STATEMENT OF RECEIPTS AND DISBURSEMENTS BOND ISSUES DATED JUNE 1, 1925 $160,000.00 2,658.00 STREET IMP. AND MAINTENANCE BONDS . Add, prenpum received Available for disbursement Disbursements: Pro-rata share of bond issue ex. Salaries Total disbursed $162,658.00 899.38 84.33 983.71 Balance available for disbursement, Aug. 31, 1925 FUNDING BONDS $ 35,000.00 $161,674.29 Add, premium received TT I Available for disbursement Disbursemenfs: Pro-rata share of bond issue ex. Notes payable Interest on notes payable Total disbursed 57945 $ 35,579.25 $ 196.68 35,000.00 382.57 WATER WORKS MAINTENANCE BONDS Add, premium received * ^ <> • Available for disbursement Disbursements: , Pro-rata share of bond issue expense 35,579.25 $25,000.00 413.75 $25,413.75 140.54 Balance available for disbursement, Aug. 31, 1925 ELECTRIC LIGHT PLANT BONDS $" 15,000.00 Add, premium received 247.25 25,273.21 Available for disbursement Disbursements: Pro-rata share of bond issue expense $ 15,247.25 84.27 Balance available for disbursement, Aug. 31, 1925 Total available for disbursement, Aug. 31, 1925 • V BANK BALANCES: Current deposits: * — - M. S. Bailey & Son The Commercial Bank 15,162.98 $202,110.48 First National Bank Time deposits: M. S. Bailey & Son y The Commercial Bank First National Bank $13,223.50 13,223.50 10,663.48 $ 37,110.48 $55,000.00 55,000.00 55,000.00, 165,000.00 $202,110.48 / J / / / .4^ ■'***. / / ..«■:* i-.- H m. •• /*■