The Clinton chronicle. (Clinton, S.C.) 1901-current, October 01, 1925, Image 11
-,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.
•• /*■