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rAQK fIK rRiPAY, ocTQBiat 10, mi ' CITY OF NEWBERRY NEWBERRY, SOUTH CAROUNA AUDIT SEPTEMBER 30th, 1941 J. L. WELLING AND SON NEWBERRY, SOUTH CAROLINA PUBLIC ACCOUNTANTS-AUDITORS Octol er 2. 1941 AUDITS . SYSTEMS TAX SERVICE CITY COUNCIL NEWBERRY, S. C. Gentlemen: Acting upon your instructions we have made an audit of the Books and Records of CITY COUNCIL D. L. NANCE, CLERK AND TREAS. for the twelve months ended Seipt. 30, 1941. We present herewith our Comments thereon, together with the following Exhibits and schedules showing the result of the audit. Respectfully submitted, J. L. WELLING AND SON. “COMMENTS” CASH The Bank balances were reconciled and verification obtained from the clepos’tory. We examined all canceled checks and the vouch ers accompanying them. All appear to be legal and in accord with orders of City Council. The undeposited Cash in'the office was counted. The same contains a small overage of $2.33. The Cash Book was footed and proven. TAXES The paidf duplicate receipts are on file for ail Taxes collected, these were examined and checked into the Cash receipts. Nulla Bonas were also examined and confirmed. LICENSES All duplicate stubs on file were traced to Cash Receipts and found to be correctly entered. POLICE DOCKirr The individual cases recorded in this Docket were properly ex amined and charged against the Clerk. The Docket and the Cash Book are in agreement and accounted for properly. STREET DUTY All duplicate receipts have been examined and are properly ac counted for in the Treasurer’s Books. MISC. INCOME All income of record has been properly accounted for. DISBURSEMENTS The disbursements for the year were duly examined in detail and all appear to be proper. All were accompanied by a voucher with minor exceptions. GENERAL REMARKS CASH The Cash increase during the year is reflected in the following: On hand Sept. 30, 1941 $5,247.00 On band Oct. 1, 1940 801.37 Increase during 1941 $4,445.63 Receipts from all sources for the twelve months $143,561.12 Disbursements for the same period 139,105.49 Excess of receipts over disbursements 1 $ 4,445.63 BUDGET . The appropriations for the fiscal year 1940-1941 totaled the sum of $146,000.00, the actual disbursements amounted to $139,105.49, thus keeping you within your budget by the sum of $6,895.51, al though your disbursements exceeded the appropriations in some de partments by minor sums. The items are set out in full in the Exhibit “B”—the condition of the Budget. Accompanying and forming part of our report. GENERAL REMARKS TAXES The uncollected Taxes for 1940 amount to the sum of $6,795.95, the total of the 1940 Taxes collected’ $81,426.10 represents .924% of the total levy for the same vear. The total collected in 1940-41 for prior years is represented by the sum of $9,575.35. This also represents 100% Tax collections for all years prior to 1940. The balance of $6,795.95 for 1940 is the entire amount due the City for all years. The assessed value of property in Newberry has been steadily de clining for the past ten years. We give you below the sum of as sessable property ten years ago and today. Assessed value in 1931 1 $3,003,610.00 Assessed value in 1941 2,557,370.00 Decrease in value in 1941 446,240.00 Levy in 1931—30 mills. * ' _ _• Levy in 1941—35 mills. Increase —5 mills. Levy for ordinary purposes in 1941 is 17 mills. Levy for Bond and Interest in 1941 is 18 mills. Total 1941 levy 36 mills. A part of the increase in levy is due to the issue of Fire prevention Bonds in the last three years. FLOATING INDEBTEDNESS The City’s floating indebtedness at this time amount to the sum of $15,000.00. This is not an increase however, as in prior years the City allowed several of its- large industries as well as any one else, to discount their Taxes in advance, and the advance, and the ad vance Taxes by one large Corporation amounted to approximately the same sum as the floating indebtedness. However, in the last two years one Corporation did not take advantage of the discount, and made it necessary for the City to borrow the sum of $15,000.00. The difference between the discount allowed and the interest charges by the Bank resulted in a saving to the City. Twelve years ago the City had a floating indebtedness of some $35,000.00 and maintained this constantly from year to year. The unpaid 30 day bills due by the City, which had not been pres ented for payment a t the completion of this audit, have been esti mated at $1,000.00. The Treasurer has cash on hand to the amount of $5,247.00 to meet this indebtedness. The bonded indebtedness is handled entirely by the Newberry Bond Commission. The Taxes to liquidate Bonds and interest are collect ed by the CRy Treasurer and turned over to this Commission to ad minister. In the last six years there has been a large reduction In the Townes bonded indebtedness. Accompanying and forming part of our report. Exhibit “A” CITY OF NEWBERRY, SOUTH CAROLINA STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS FOR THE PERIOD-OCTOBER 1, 1940-SEPTEMBER 30, 1941 RECEIPTS Taxes . $ 91,001.45 Tax penalties ' 1,668.96 Licenses 1 17,423.83 Street Duty i 2,331.00 Fines < 6,837.00 Rents * 1,400.50 Sales - Cemetery Lots 55.00 Miscellaneous Income 1 1,938.86 Tax Deeds ' 28.42 Assessment liens 5,966.08 Borrowed money > 15,000.00 Total Receipts $143,551.12 Add: Cash on hand October 1, 1940 • 801.37 Total to account for i $144,352.49 DISBURSEMENTS Borrowed money repaid I $ 15,000.00 Assessment liens 12,480.33 Bonded indebtedness i 45,000.00 Police Dept.—.Salaries i 11,997.50 Police Department Expense ■ 2,978.22 Street Department—Salaries ! 1,822.50 Street Department—Wages ' i...., 16,753.20 Street Department—Maintenance 6,367.50 Fire Department—.Salaries * 8,567.00 Fire Department—Expense ' 1,945.69 Health Department—Salaries > 1,822.50 Health Department—Expense 1 400.75 Other Government Salaries •... 6,515.35 Misc. Appropriations—see schedule No. 1 . 7,161.67 Printing-Advertising-stationery, books etc 989.58 Insurance and bond premiums 2,700.81 Interest and discount—General Government 734.59 Nulla Bonas i 842.24 Real estate tax deeds 26.06 Total disbursements $139,106.49 Add: Cash on hand, September 30, 1941 1 5,247.00 Total accounted for $144,352.49 We hereby certify that in our opinion, the above statement correctly sets forth the receipts and disbursements of the City of Newberry, S. C., for the twelve months ended September 30, 1941. J. L. WELLING AND SON. AUDITORS Accompanying and forming part of our report. CITY OF NEWBERRY. S. C. CONDITION OF THE BUDGET September 30, 1941 RECEIPTS ACTUAL Assessment Liens $ 5,966.08 Taxes-current, 1940 > 81,426.10 Taxes prior years 9,575.35 Tax penalties 1,568.98 Licenses ' 17,423.83 Street Duty 2,331.00 i Fines 6,837.00 Rents . • 1,400.50 Sales-Cemetery Lots 65.00 Misc. Income 1,938.86 Real Est. Tax Deeds 28.42 Borrowed Money 15,000 00 Add: Cash on hand beginning year 801.37 Totals 1 $144,352.49 DISBURSEMENTS: Borrowed Money repaid , Assessment Liens—Current Police Department—^Salaries .... Police Department—Expense .... Street Department—Salaries .... Street Department—Wages Street Department—^Maintenance , ' Fire Department—Salaries Fire Department—Expense . Health Department—Salaries ... Health Department—Expense ... 1* Other Govt. Salaries Misc. Appropriations Printing, Adv., Stationery, etc. ... Insurance and Bond Premiums ... Interest and Disct. Genl. Govt. . Bonded Indebtedness a Nulla Bonas Real Est. Tax Deeds Totals Add: Cash on hand, September 30, 1941 A Grand Totals ACTUAL $ 15,000.00 12,480.33 11,997.50 2,978.22 1,822.50 16,753.20 6,367.50 3,567.00 1,945.69 1,822.50 400.75 6,515.35 7,161.67 989.58 2,700.81 734.59 45,000.00 \ 842.24 26.06 $139,106.49 5,247.00 $144,352.49 EST’D. COLLECTEE UNCOLLECTED $ 6,000.00 $ 33.92 88,222.06 6,795.95 -0- 9,575.35 1,200.00 368.98 16,500.00 923.83 2,000.00 331.00 5,000.00 1,837.00 1,400.00 .50 -0- 85.00 1,500.00 438.86 -0- *8.42 15,000.00 -0- 801.37 -0- $137,623.42 $ 6,729.07 APPROPRIATIONS USED-UNUSED $ 15,000.00 -0- 18,000.00 $ 5,519.67- 12,000.00 2.50- 2,500.00 478.22 1,800.00 22.50 16,500.00 253.20 8,000.00 1,632.50 3,600.00 33.00- 1,500.00 445.69 1,800.00 22.50 700.00 299.25- 6,500.00 15.35 7,200.00 88.33- 1,200.00 210.42- 2,700.00 .81 1,000.00 265.41- 45,000.00 -0- 1,000.00 157.76- -0- 26.06 146,000.00 $ 6,894.51 $146,000.00 - $ 6,894.51 CITY OF NEWBERRY, S. C. Schedule 1 SCHEDULE OF MICS. APPROPRIATIONS FOR THE TWELVE MONTHS ENDED SEPT. 30, 1941 ITEM AMOUNT Rosemont Cemetery $ 1,200.00 Police Pension, Mrs. Krell i ’835.20 Chambe.- of Commerce, Dues 15o!oO Chamber of Commerce—Signs 100.00 Civic League 250^00 Boy Scouts ' 100.00 N. Y. A i. Library Association Newberry College, (Police protection) Swimming Pool Repairs on Buildings Misc. Appropriations Total—Exhibit “A” 340.50 75.00 350.00 360.00 .72.24 .,618.73 $ 7,161.67 Distinguished sty ling,-characterized by a new massive ness, marks the new 1942 Chevrolet, introduced to the motoring public today. Shown above is the Special De Luxe Sport Sedan, a roomy, luxurious, six-passenger model. A new grille treatment, with integral parking lights, and the smart new elongated front fender, which sweeps back huo and opens with the front door, are design highlights. Interior appointments are in the modern mode. 338 WARSHIPS BACK FDR’S FREEDOM OF THE SEAS A fleet of 338 warships, large and small—part of a ten billion dollar drive for a 2-ocean navy, which is growing mightily daily—took up its fighting assignment of maintaining the “freedom of the seas” defined by the president. Back of this fleet—already rated by U. S. Naval men as the world’s strongest single sea force—were 400,- 000 men in shipyards working the clock round. Keels of 436 vessels have been laid this year and 213 new vessels have joined the navy. Since January 1 more than $85,000,000 has been spent in expanding shipyards and the num- , ber of ways more than 300 feet long have been increased from 104 to 127. In the fleet today are 15 battle ships, six aircraft carriers, 37 cruis ers, 168 destroyers and 112 submar ines. Building a re 17 battleships, 12 aircraft carriers, 196 destroyers and 74 submarines. Two new 35,000 ton battleships the North Carolina and the Washing ton, each mounting nine 16-inch guns in triple turrets, will join the fleet. Four more of the same class are due for completion in 1942 and keels have been laid for four 45,000-tonners. Seven more of the 50,000 to 60,000 tons have been authorized. RUM STRATEGY RUNS TO BIG NAMES Chicago, (Special).—The old theory of success began with “Hitch your I wagon to a star.” The new theory of liquor trade ex- , pansion is to capture or commandeer 1 a famous 'name as a disarming “front’’ to promote public acceptance, declares a statement of the American Business Men’s Rsearch Foundation. Four years ago, points out the roun- | dation, the Distilled Spirits Institute chose W. Forbes Morgan, nationally known capitalist, as its executive dir ector, at a salary asserted to be $100,- 000 a year. Later, following Morgan’s sudden death, other noted names were pro posed among them Gen. Hugh John son, James A. Farley. Finally, Dr. Wesley A. Sturges, noted legal auth ority and Lines professor of Law at Yale University, accepted the execu tive directorship at what was report- i ed to be a $30,000 a year salary. About the same time, American Distilling company, a reputed $14.- 000,000 whisky concern, went Distill ed Spirits one better in securing as their bright and shining star chair man of the board, the former world’s champion pugilist, Gene Tunney. Now comes the announcement of the Schenley Distilling Corporation that Herbert Baynard Swope, publi cist and journalist, in the past long identified with many humanitarian projects, has consented to become “Special Consultant on Public Policy” for this whiskey making concern. Almost simultaneously with the announcement of Mr. Swope’s accept ance of the Schenley relationship, comes the news that Jack Glasser, public relations director of Winches ter Whisky Corporation, was organiz ing a nationwide wet protest to the Columbia Broadcasts g System, de manding that radio addresses such as tht given by Mrs. Ida B. Wise Smith of the national WCTU, on August 24 last, be hereafter barred from the air, or equal time given for wet re joinders. Mrs. Boyd Bedenbaugh of Prosper ity was a business visitor in the city Friday. Mrs. R. C. Lake of Whitmire was a visitor in Newberry Friday. Miss Ruth Feagle of Little Maoun- tain was a .business visitor here Fri day. Mrs. E. E. Epting of Edgefield spent the weekend with her mother, Mrs. H. H. Ruff and her father, H. H. Ruff who is ill in the Columbia hospi tal in Columbia. Mrs. Odetta Manuy and mother, of Clinton were visitors here Friday. l'*L E9 When the family workers come home, they’ll welcome a refresh ing moment to relax. A six- bottle carton of Coca-Cola from your dealer is the easy way to provide home refreshment. THE SIX-BOTTLE CARTON SOTTltD UNDER AUTHORITY OF THE COCA-COIA COMPANY SY NEWBERRY COCA-COLA BOTTLING COMPANY Accompanying a nd forming part of our report.