The sun. [volume] (Newberry, S.C.) 1937-1972, October 10, 1941, Image 6
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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.