The Daily Alaska empire Newspaper, February 19, 1951, Page 6

PAGE SIX THE DAILY ALASKA EMPIRE—JUNEAU, ALASKA CITY OF JUNEAU. ALASKA COMPARATIVE STATEMENT OF FINANCIAL CONDITION—September 30, 1950 and September 30, 1949 ASSETS (WH AT WE OWN) LIABILITIES (WHAT WE OWE) Sept. 30, 1950 MONDAY, FEBRUARY 19, 1951 EXHIBIT 1 Sept. 30, 1950 $ Sept. 30, 1949 $ 96,985.72 165,707.94 26,462.42 143,794.67 49,461.43 199,412.20 681,824.38 338,216.60 343,607.78 596,364.45 44,540.13 297,045.72 Sept. 30, 1949 $ To Be Retired in 1951 -.$ 4,000.00 5,000.00 2,000.00 11,000.00 5,000.00 10,000.00 3,000.00 BONDED DEBT P. W. A. Bonds P. W. A. Bonds Boat Harbor Bonds General Bonds General Bonds General Bonds Airport Rev. Bonds LAND AND PROPERTY Land iy School Buildings City Dock Airport Terminal I»mldmg Other Buildings and Structures . JLquipment and Machinery .......... TOTAL LAND AND PROPERTY .. LESS: Allowances for Depreciation ... NET VALUE OF LAND AND PROPERTY PERMANENT IMPROVEMENTS General City Small Boat Harbor : Streets and Sidewalks . Evergreen Bowl Road 3 Highlands Sewer and Diston Avenue Pro] $ 152,855.72 165,707.94 47,462.42 144,294.67 49,461.43 204,679.07 764,461.26 361,221.30 14,000.00 40,000.00 26,000.00 51,000.00 145,000.00 260,000.00 50,000.00 1934 1938 1939 1940 1948 1949 1949 7/1/51.. 10/1/51.. 4/1/51 10/1/5 /1/51 4/1/51 9/1/51.. 18,000.00 45,000.00 28,000.00 61,000.00 150,000.00 260,000.00 50,000.00 4% 47 TOTAL BONDED DEBT GENERAL DEBT Bank Loans .. (‘nntract—Balance Due on Lumber Mill Property City School Budget Employees Payroll Taxes and Miscellaneous Interest on Bonds and Notes OTHER DEBT AND UNABSORBED CREDITS Prepaid Taxes ... F. W. A. Advances on Uncompleted Prwects Unabsorbed Bond Premium 40,000.00 $ 586,000.00 $ 612,000.00 403,239.95 $ 92,000.00 20,000.00 108,787.42 1,900.47 1,874.57 $ 150,000.00 596,364.45 71,439.69 343,888.77 3,616.74 4,518.18 62,786.46 3.275.00 1,553.88 -$ 224,562.46 » $ 21761534 937,950.30 $ 156,707.65 35,000.00 $1,019,827.83 $ TOTAL PERMANENT IMPROVEMENTS . . CASH ON HAND AND AMOUNTS DUE US Cash on Hand and in Banks Invested in U. S. Bonds Due from Juneau lndvpendent Qchool Dmtnct Delinquent Taxes 14,876.98 7,5650.00 1,141.88 18,875.55 46,713.40 7,550.00 1000, 1,254.94 35,000.00 8,253.44 17,083.83 TOTAL OTHER DEBT AND UNABSORBED CREDITS.. $ 23,568.86 $ 27,680.49 NET WORTH (WHAT WE OWN LESS WHAT Net Worth—Sept. 30, 1949 and March 31, 1949 3 LESS: Sundry Adjustments During Year 10,546.55 .§ 728915.40 (192.73) $° 728,722.67 & 55,000.24 5,677.47 56,467.82 $ 841,256.04 202,254.20 (170.51) $ TOTAL CASH ON HAND AND AMOUNTS DUE US -§ 107,050.67 OTHER ASSETS !/ Uncompleted Construction Prn)«( ts Assets Acquired by Will of A. G. Brown Net Assets of City Dock ... City School Budget—October lo June Prvp.url Insurance ... e e 18,140.06 18,058.23 26,267.50 16,958.56 81,690.57 6,824.38 $ 841,085.53 Territorial and Other Contributions Earnings of City Dock Gain or (Loss)—General ()pelatlons (1949-6 moq ) 11,381.09 62,786.46 10,173.17 11,381.09 (123,551.22) ~$ 845,768.20 ..$1,679,899.52 $ 728,915.40 NET WORTH—Sept. 30, 1950 and Sept. 30, 1949 . $1,586,211.23 oy a2t TOTAL LIABILITIES AND NET WORTH .$1,679,899.52 TOTAL OTHER ASSETS AND UNABSORBED EXPENS TOTAL ASSETS EXHIBIT 2 Combined Funds $ 148,217.78 SUMMARY OF RECEIPTS AND DISBURSEMENTS BY FUNDS—Fiscal Year Ending September 30, 1950 Brown Estate Street Bond Retirement Fund Fund Fund $ 97,186.03 $ $ $ City Hall Fund Airport Bldg. Fund $ 480.85 $ General Fund $ 50,550.90 $ 351,187.94 $ $ BANK BALANCES—Sept. 30, 1949 DEPOSITS General Revenues and Receipts Sale of City Hall Property Dividends and Rents—A. G. Brown Estate . Cash from Executor of A. G. Brown Estate Contributions for Star Hill Playground Territorial Contribution for Boat Harbor Gridiron Rents and Leases City Sales Tax Collections to Sept. Bank Loans ... Interfund Loans . $ 351,187.94 60,000.00 217.25 622.16 1,500.00 26.610.58 21,527.59 104.65 92,000.00 $ 60,000.00 1,500.00 2g,g}ggg 18,217.59 92,000.00 28,000.00 $ 553,159.42 (28,000.00) $ 701,987.95 $ 18,698.44 104.65 $ 60,000.00 $ TOTAL TO BE ACCOUNTED FOR B DISBURSEMENTS General Operations .. Purchase of City Dock Additio: Purchase of New Municipal Building Lo Purchase of Playground Lot . Additions to Airport Building . Additions to Equipment ... Additions to Permanent Improvements Additions to Uncompleted Construction Projects Repayment of Bank Loans » Retirement of Bonds ... Payment of Bond Interest « Payment of Interest on Notes . « Contributions to Teen Age Club Payments on City School Budget . TOTAL DISBURSEMENTS .. BANK BALANCES—Sept. 30, 195 CASH ON HAND—Sept. 30. 1950 ... TOTAL FUNDS 10,574.90 246,888.67 20,000.00 32,870.00 4,000.00 500.00 5,266.87 81,839.28 81.83 150,000.00 26,000.00 22,030.00 2,141.67 1,650.00 62,786.46 $ 236,313.77 20,000.00 32,870.00 4,000.00 500.00 4,644.71 722.16 54,939.72 150,000.00 26,000.00 19,780.00 2141.67 1,650.00 62,786.46 $ 554,698.00 § (1,588.58) 780.23 (758.35) S G e 2,250.00 656,054.78 45,933.17 780.23 12,824.90 3 5,873.54 32,870.00 $ 3 27,130.00 55,661.88 $ 13,5624.15 $ 587354 46,713.40 13,524.15 $ 27,130.00 BUDGET 1950-1951 HEALTH AND SANITATION Public Health Nurse .. SUMMARY ‘OF CITY INCOME AND EXPENSES Fiscal Year Ending September 30, 1950 GROSS INCOME EXHIBIT 3 A. B. HALL CITY ENGINEER'S OFFICE SHOP ... ADMINISTRATIVE EXPENSE From Real Estate and Personal Propeny Taxes From Tax Penalties and Interest . i From City Sales Taxes From Sale of City Owned Property From Business and Other Licenses . From Fines and Forfeits From Parking Meter Collections From Juneau Independent School District . From A. B. Hall Rentals ... .. From Airport Building Rentals From Dividends and Rents—A. G. Brown Assets ... From Other Sources { Bl TOTAL GROSS INCOME (Not Including Contributions).. OPERATING EXPENSES wers, Hydrants and Sidewalks . f and Float Repairs ... v Upkeep 5 City Clerk and Magistrate Office ....... City Hall Maintenance .......... W Fire Department Health and Sanitation Boat Harbor Operation and Municipal Library General City Government Interest on Bonds and Notes Parks and Playgrounds . Police Department ... Education (City’s Share) .. Tax Collection ... Elections .. City Engmeer Otfice Shop and Warehouse Gold Creek Maintenan A. B. Hall Maintenance Airport Building . ... Civilian Defense Activities . . - Allowance for Depreciation ...................... TOTAL OPERATING EXPENSES .. ... GAIN FOR THE YEAR (Income Less Expense) . ...$ 257,408.23 2,800.21 114.14 60,000.00 32,300.05 7,193.50 6,765.73 8,253.44 3,310.00 15,000.00 27725 8,958.00 $ 402,480.55 41,420.59 210.00 6,168.80 11,245.76 4,989.86 11,813.01 8,524.41 10,545.60 4,723.29 34,105.65 22,271.80 2,530.20 36,972.64 89,983.31 4,284.75 897.84 3,543.65 2,479.70 13,483.22 2,857.70 13,953.40 140.65 18,857.90 $ 346,012.73 ...$ 56,467.82 ESTIMATED BUDGET FOR THE CITY OF JUNEAU Eshmated Revenues. 1950-1951 Taxes @ 20 Mills & s Business Licenses . Liguor Licenses Miscellaneous Taxes Auto Licenses Police Fines Boat Harbor Stalls Cemetery ... Water Franchisi A. B. Hall Interest Government Bonds - School Bond Refund ... Miscellaneous Receints ... Refund from Sales Tax for Bond Payments and Interest during August and September Delinquent Taxes ......... [ S Total ... ..$ 28192353 60,000.00 20,000.00 5,500.00 5,500.00 15,000.00 2,500.00 1,500.00 1220000 3.300.00 900.00 8,253.44 5,000.00 30,635.00 7,000.00 ...$ 44821197 Band ... Street Commissior City Attorney Street Lighting Public Affairs ner Interest on Notes . Insurance Audit .. Councilmen’s Fees Rate Hearings Teen Age ... Social Security CITY HALL OPERATION Janitor Service .. Supplies .. Repairs ... Heat, Light and Garbage ......ms CITY CLERK AND MAGISTRATE'S OFFICE ‘Water Salaries and Wages Supplies . Advertising Bonds Miscellaneous TAX ASSESSMENTS Assessor Salary . Supplies .. Advertising CITY ELECTION Miscellaneot POLICE DEPARTME Salaries Supplies ... Jail Expense Gas and Oil Utilities Car Repairs nds on Council Activities) T Parking Meter Expense Parking Meter Remittance Miscellaneous Radio Telephone LIBRARY ACTIVITIES Salaries .. EXpplies Books and Magazines Utilities Janitor Health Center Expen: City Health Officer . Garbage Dump Maintenance ... Clean-Up Week ... 3 Street Washing and Sweepmg A Miscellaneous .......... CEMETERY OPERATION Salary and Wages Supplies and Equipment $ 3387000/ goaT HARBOR Salary ... Utilities . Repairs Miscellaneous STREET DEPARTMENT Salaries and Wages . Equipment Repairs .. Snow Removal Gas and Oil Sanding SEWERS Salaries .. Supplies . Repairs $ 13,825.00 SIDEWALKS Salaries .. Supplies .. Sanding Snow Removal $ 2,500.00 PARKS AND PLAYGROUNDS Salaries ... Supplies . Repairs .. Chlorinato; GOLD CREEK MAINTENANCE FIRE DEPARTMENT Salaries ... Volunteers' Fees Utilities ....... Repairs ... $ 4335000 Supplies and Equip! $ 108,000.00 HYDRANT MAINTENANCE Salaries and Wages Water ... Supplies .. Repairs .. 9,110.00 DEBT RETIREMENT Loans ... Paving Pund Loans New Equipment .. 135,000.00 500.00 CIVIL DEFENSE 9,916.97 CONTINGENCIES $ $ $ $ 44821197 Grand Total ............ EXPENDITURES, 1950-1951 Administrative Expense City Hall Operation City Clerk and Magis! Tax Assessments . City Election ... Police Department School Budget ... Library Activities Health and Sanitation Cemetery Operation Small Boat Harbor . Streets. Sewers and Parks and Playgrounds Gold Creek Maintenance A. B. Hall ... Fire Department Hydrant Maintenance City Engineer’s Office Shop ......... | Debt Retlrement Civilian Defense Contingencies $ 3387000 4,970.00 13,825.00 2,500.00 750.00 43,350.00 108,000.00 5,500.00 9,110.00 6,800.00 7,500.00 31,350.00 5,500.00 3,000.00 3,500.00 12,500.00 5,770.00 3,000.00 2,000.00 135,000.00 500.00 9,916.97 Total ..$ 44821197 OFFICE OF CITY CLERK CITY OF JUNEAU Box 436 JUNEAU, ALASKA December 29, 1950 To: The Residents and Taxpayers T s he fis ial diti f your with present our report on the financial condition of yo Cltwaeorhg:ee flsufl year ending September 30, 1950, together with the General Fund Budget for the fiscal year ending September 30, 1951. These Exhibits have been prepared from the data contained in the Annual Audit Report prepared by C. J. Ehrendreich, C.P.A,, dated Novem- ber 25, 1950. Copies of the Audit are on file in the Cny Clerk’s office, and may be inspected upon request. The City of Juneau belongs to all of us and its affairs should be a matter of common concern. Your City Officers will appreciate your comments on this Report and your suggestions as to how we might do things better. WAINO E. HENDRICKSON, Mayor. Submitted for the Council of the City of Juneau by