BK'/'a " * * I OCEAN CITY SENTINEL THURSDAY. DECEMBER 6. 1923 ^ — " f- w - . .

NOTICE OP SETTLEMENT Pursuant to the order of Irving Fitcl v i« hereby flwn that the account* Surrogate pf the County of Cap* Maj of t! rebicriber. a* I^ecutor. E»t»to pf mas? Oh the thirteenth day of Kovtmbei Gnu. iie II. Sleelmah. deceased, Will be A, D. 1921. on the application of the sul audii>-<J and stated by the Surrogate, and •crlber, executor of said deceased, notic n.jK.j.d for settlement to the Orphan* h hereby given to the credJtora of aai Court of the County of Cape May on the deceased to exhibit to tha subscriber, untie record day of January next, at which time oath or affirmation, their claim* and dt application will be wade for the allowance mandi against the estate of aaid dccvare of CYvmmUidona and counsel feci. within six months from the thirteenth da Dated. Nov. «. IMS. . of November. A. D. 1923. or they will L MUST 'NATIONAL BANK OF forever ^barred of any action against th OCEAN CITY, N, J. subscriber. Executor. Dated Nov. 13 A D 102* George I>. Richards, Trust Officer THE CAMDEN SAFE DEPOSIT i — NOTICE T<> LI MIT CREDITORS I Adv.— TBU8T CO. Eilatr «>f Leon M. Leopold. Deceased ^ _ Frank 8. Norcrosa. Trust Officer. fi n anci al audit, city of ocean city county of cape may • To tha Hon. Mayor and Board ol Commissioners, To t lion. Mayor HIU1 iwnra 01 wuun iMwwn,

. City of Ocean City, i New Jersey. Gentlemen: The audit of the financial accounts and transaction* of the City of Ocean City fo the year 1921 has recently been completed by a representative of this Department, an the results are presented in the following: 1. Balance Sheet- -Current Account as at January 1 and December 31. 1921. 2. Statement of Revenues. ;t. Statement of Expenditures. 4. Statement of Unexpended Balance and Surplus Revenue Accounts: St«i*mer of Other Surplus Revenue. . Si, ft. Statement of Receipts and Disbursementa— - Current. 6. Detail of Cash Reconciliation. 7. Statement of Receipts and Disbursement*— Collector -Current and Trui Accounts. | 8. Statement of Receipts and Disbursements— City Clerk. 'J. Statement of Receipts and Disbursements— Police Justice. 10. Statement of Receipts and Disbursements— Electrician. 11. Statement of Receipts and Disbursementa — Health Officer. 12. Statement of Ocean City's Account with County Clerk. 13. Statements of Franchise and Gross Receipts Taxes. Discount Allowed on Tax* and Statement of Tax Title Liens. 14. Statement of Taxes. 15. Statement of Duplicate for 1921 and Analysis of Property Tax. 10. Balance Sheet— Trust Account as at January 1 and December 31. 17. Statement of Recclpu and Disbursements— TVuit Account. 18. Statement of Asaessnents. 19. Statement of Improvements in Progress. 20. Balance Sheet— Capital Account as at January 1. l92Uand December '3H 19*1 21. Statement of Receipts and Disbursements— Capital Account. 22. Statement of Indebtedness. 23. Balance Sheet— Reserve Account as at January 1 and December 31. 1921 24. Statement of Receipts and Disbursements — Sinking Fund. <* Scope of Audit: The scope of the audit covers the financial transactions of the collector and treat > -rer: the activities of the mayor and board of commissioners and the records ot the clerk. C-nmmcnts: The current duplicate was added and proved and all items not supported by casl credits or proper certificate of remission or cancellation were treated as unpaid The outstanding taxes of prior years were examined and any items which wer not supported by proper cash credits or certificate of cancellation or remission an treated as -unpaid. All' remissions of taxes were supported by proper authority and properly record ci on the minutes. ,A11 Ut,e »«*■ ww Properly established and verified and proper transfers wen made by the municipal officials in charge. Tax sales are held as prescribed by statute. The last sale was held In 1921 The cash balances were verified by independent certificate obtained from th. depository. EL * AH revenues were established and verified as to source and amount and wen property reconciled with the receipts which were verified as to source end disposition All vouchers were checked as to extension, authorisation and as to being a propei charge against the account and •all cancelled checks were inspected and roropam with the voucher*. It was noted that bills for coal, gravel, gasoline were not advertised. .t was noted that an item of 151.74 shown on the bill register Is a charge to thi . _ contingent appropriation and was posted In the ledger to th# street appropriatior account: also, an item of 11628.93 shown on the bill register a* a charge to lighting appropriation was In the ledger to Interest on Temporary Loans Appropriation The attention of the Treasurer was called to these Item* and In making up th< schedule of Treasurer s Receipts and Disbursements these corrections were taken intc consideration. The »ccond correction resulted in an over expenditure in the lighting appropriation and a balance In the Interest on temporary loans appropriation _ _ _.!t WM fWU» cheeking the vouchers that'sevcral 1920 bills had been charged to appropriation accounts and also 1921 bllla charged to 1922 appropriations^ The proper corrections were made and reserves set up accordingly. It was noted that an amount of 354.14 was paid on account of temporary improve, mcnt notes. Contract 710. from the contingent appropriation. It was noted that all vouchers were properly sworn to. The minutes were examined In detail and wsrs found to be In good condition. All voucher* were recorded In the minutes. itoSra^0*1* °- a,"Bp,on- Kvor: a'nnn s- scui1Hie treasurer disburses all funds as required by statute. in tho 0atU" h*nd"n* fmd* W* b°nd*d wUh Harry A. Morris. City Clerk. 12.000 ; American Surety Co. < larence S. Scull. Treasurer and Custodian. 315.000: American Surety Co Enoch W. Burleigh. Collector. 65JOOO; V. S. Fidelity ^uarT co Jos. Riggins, City Electrician. Jll.000; U. S. Fidelity A Guar. Co Win. H. Collison. Jr.. City Engineer, 32,500 : American Sumy Co. Notes are Issued in accordance with the statute*. Transfers of appropriations were mado inaccordanoe with the statutes The collector keeps a columnar cash book which Is In good condition. The treasurer keeps the following books: Journal, columnar cash books and ledger all of which are in excellent condition. statirt^rVW r*vcnu* HCCOUnt has been set up and is maintained as required by *? thL2** IS •®*5mat U b#M ,n r—™ 1or Payment of 387.000 tend lew*. TWs was for redemption of contract 711 notes and was not received from the^Covemment until after all temporary Indebtedness had • been funded by a ,0^Q.wf ,61-87 10 ^ ***** account Is dos to a mi sunderstanding of the propermetbod of handling premiums and accrued Interest on bond Issues. This Item has been set u pas a current asset doe from the capital account and also as a capital liability due tha current account. ii £-7" J!**1 tho EJ«ctrie*I Inspector had turned oxer 31.00 more than he collected. .This overpayment has been set up as a liability. th. "*"=rnt IUn« n>PI»rt«! br on. rt.t.menl of the principal of assessments. The supporting statement has not been divided between ac-exunents recti vsMo and assessment liens doe to the fact that the asset changes In rinroe only. Toarrlve at those figures the total amount of assessment principal receivable was verified and the total of the principal of assessment liens was verlfl#*! ih» Jb.t™ balne th. w£i£!5 on ti b.TTn51j^, "* tW# C"PlUl "hl<h comm"nt, **»nun.nd«tlon. will b. found p.rt of th. Certification t I certify that the above report Is a true and correct report of the financial accounts fcf the City of Ocean City. County of Capo May, as obtained from the books and pa pars of the City presented to the auditor, supplemented by personal inoulrv #nd 1 ****** to be a true report of the financial condition of (k "PPf^^Hon of the aaalstance and courtesies rendered by Lity officials during the course of the audit. Yours very truly. WALTER R. DARBY. Trenton. N J * Coramlssior..T of Municipal Accounts. November 1. 1*923. . BALANCE SHEET A8SETO CURRENT UABIUT1ES S44h~SS-UrBrx^" ,I8^7*2e 135.8*49 .4 1 Overpayment. Elee- 1 ^ M TVcAI^rl0r to 1605 • 1.113.48 tricml Inspector . .. ej.00 l£S ~ JUii Tax Revenue Notes : !H-!! — 3s3.000.00 35.000.00 ' — — — — SBB.fS 466.73 1919 12,600,00 11 400 00 405'M - 13.SOO.OO •"•4Q0-00 "* fJJ'5! 5H'U J" 222# Notes 37.700.00 38.050.00 1611 J!*15 568.35 Emergency Notes: 3:4.30 11MJ 1920 2,500.00 id!o i8*24 47040 Tax Revenue Notes: jJJJ 981-51 905.57 1B21 65 000 00 1914 J 7H20 J.JJ0JI Reserve Appro. 1498.15 2.095.39 ml ;.ZZ ZT.3 4 m.M sX *•"" *Mf0,n 4S4M Q2 f J917 6427.83 4.394.69 \ 1918 — i 7.693.45 4.379.44 ! 1919 ^ 7,271.07 4480.60 J 78.BBC.63 12.937.16 1 1621 83.043.76 Tax Tltlo Liens 36,385.87 68.899.76 Franchise Taxes 984.60 Overt- 1 prttdit ure Ap- ( priationa, 1921 N— . 2.087.65 County Clerk's Office 9.52 117.07 Health Officer — 5,00 *-V" C Folic-- Justice 61,24 94.84 I City aerk 1.00 S I* -an Capital Account 61.87 5 Ri^ -venue for Emrrg- " t eney Purposes ...... 2.500.00 1173.816.26 f197.400.4 1 8173.816.26 1197.400.41 f REVENUES t. , « . . Budget Real i ted Excess Dcfici* ^ Bunvtus Revenues Appropriated : — 310,000.00 310,000.00 Mine. Revenues Anticii<atrd: IVaneMse Tax r 7.000.00 15,1 38. U ' M«.ll * Dr.—. Receipt Tax 4.000.OO 8.953.88 4,953 88 Interest and Com on Taxes. .. 3.000.00 6.040.48 .7 040 46 1VII Taxes 215.00 1.385.00 141040 K Int. and Costs Street Assess. ..... 200.00 87392 «7ve - II Polite Court Fines 100.00 369.90 °69 90 " Other Uernses . C00.00 1.166.00 66640 r.lretrical Inspection Fees 400.00 890.00 490 00 Street Assexxment* — 5.000,00 1 .900.00 ' 3.100 00 l} faj^rest on Emergency Note. R j Ocean City R. R. Company.... 359.83 JOrglvt ration of Dogs . 41,40 ltnfund — Telephone 42,25 ft Health Bureau Foes - rjs Refund— Cost of Filling In Jg>L... 48.00 i Ren| of Post Office Rub-Station. 160.00 J-'m-.'h Fee* - ... 87.77 Ti It' iurnl Express Charges . 3.49 Refund City Engineer ..... .§0 Mlsr. Sales . 120.00 r Premiums on Boardwslk and * Coast .Protection Issue 1.433.20 Arrr-wd Interest on Boardwalk nnd Coatt Protection Issue , 1,711.03 • Accrued Int. Assess, flond Issue 66B.8I Accrued Int. Hei|al PaVIng Issue 715,00 Interest on flank Balances 443.51 15.688 69 Amount to l>e raited by Taxes ... I275.8H9.99 276,370.23 430.24 flurplus Revenue Appropriated tirtoonw- M E.W„ Ml* R.V. Antirlp«tMl ■ !, Hi hV! Ml*e. Revenue- Not Anticipated ^ ftWfti ! Tigs Additions! Revenues . *•/, ... RXPRNDITURES " ' ' Ui Transfer Expenditures tlnex. Ot-er-Ul , Appro. I rom To Retefvs Disbursed pended exinrnded , lllBOfl.OO M11.U |3»,70i.«» It, SCI v OfnfcnWM C.MW.00 i|S.?0 UI.M H. gr'.V , , iMco.oo 94SM7 is.sm.ca "* P- 'i-e arid Life w./J' ; lU 27.W0.0<r 2.891.88 20,60 25.196 68 l«i pr. i JJte DepArtsagnt 14,600.00 €29.28 84,09 14,960.91 84.23 > « W«4 4®»'" MW.« 250.13 Hssith Ituresn I.OOo.fKl 476 70 7.09 524 0/ • *9 , Otrhaim Collect km 7,612.50 7 541 sj 7^ „ , tiS'S -a. S *"I 4,196.64 Sdiv 1^1 inJSJS M 6.737.76 171.67! . ■»WlFf''-N*W 10,000.00 I,6f9,69 6,938.29 141.16 r- S* v. - -•V- •

5* PJDHI^ ».W0-00 306.64 10087 8.7*7.14 *1.1 /r AJv « 1., 1.800-Ou *00.00 207.73 1.107.7* S-utht 2:474 6,174.74 20U.00 j r4®** - • 23.500.00 509. So 24 499 94 1 6VM ' fj 1 6. 600. 00 57.9g c 9"i US 1 63" 91 K w2fi?* ,'W'0'00 ^ .92 ""ii i: Uullc W 8.139.02 «l Wharvvs u... "'•<* ■ 'My sy Public Library 700.00 " v ^ he IncTn Imp/cJf.* 6TW 4J'J4}^ ^"u ]tss». KS («&■ * R!1° ul^%Sot^ -'.-00 ou 'i.WQ.iH) J'' - Not«4 1. 500.00 1. 500.00 Dis. Prpymt. Txa. 3.000.00 C75 00 3 668 12 lug 8* nl !ux TJ?V Nu- *'0W>'('0 5 clo w Ret. Imp. Ctfa. 4.500.00 j Public Schools _ 46.600.00 __ __33_06.4C4 09_39.JgQ.34 39.480.34 82.096.89 6302.050.04 $4.337.31 fr.OCTj Budget Appropriation 1306 464 60 Overc.xpencuturv App. .. ^ ot Reaerve / ' — *" *808.53: nd i»g.burwd : — 71 JSiKii » ^Unoxiwndixl Balance* " Z'.Z^JZ:'.Z71Z """" J JlLri 1 — 1*08,622 t Taxes, turr.u,^ UNEXPHNDED BALANCE ACCOUNT nt 1 sIKIce I U20*1 U««^nded Bal. Appro 14.2*:.. J ■ 4.296.64 Ts^t Additional Revenues.. . 42M» I 84.817.45 , 34.817-' Ut ! Rimii... i> . SURPLUS REVENUE ACCOUNT ! m *nlf. Ap,,ro -I1O.000.O0 B la nee. Jan. 1. 1921 $23,320.1 Balanre. Dec. 31. 1931 ^ . 46.854.02 rial. UnexpeiuWd Bal Account. - Other Surplus Revenues - .. 1.627.: Excess Misc. Rev. Antid 16.141 .: , « Misc. Revenue Not Antici. 6.568 ' Budget Appr. Tax Title Notes . 6.00V.V 355,654.02 855.854.. fniAM.) ^ ^ STATEMENT OF OTHER SURPLUS REVENUE ( Interest and Cosu Tax Title Uens $1,627 : i Ww TAXES REMITTED I the year: Budget Appr. $931.: ijll — 33.36 Balance. Dec. 31. 1921 520.? rr„" "ill }»{j — <«•»« . i»s zzzzj is 1919 • 300 /.L 6! zm $1,462.09 $1,452-0 .1IDtlBll. RECEIPTS AND DISBURSEMENTS Cm « vi URRENT RECEIPTS CURRENT DISBURSEMENTS pwn .i '• 15,21 ®lfi.5a7.26 Streets — 129.708. 4 rc £. >V. Burleigh. Collector 465.006.08 Contingent Expense* 6.226'. re ' remium. Boardwalk and Coast Salaries — is 310 1. Protection Bonds 1.433.30 Police and Life Guard* 26*3^6 • pd Accrued Int.. Boardwalk and Fire Department 14 960 9 TmTh Protection Bonds 1.7II.W City Half JZZZHIZ iMll rc re?l V^l 0tcB wi 66.100.00 Health Bureau .._L 5-4 0 (UzT*^7n<Zi N°ie 2*»?Uon' Garbage Collection Z T.Iit Ocean City Electric R. R 3.600 00 Rubbish Collation 4 395 9 ^ Jax Revenue Notes. 1921 65.000.00 Boardwalk Z 5 7- 1 Tax Revenue Notes. 1920 10.000.00 Boardwalk. New ConstrucUon" «AS3 * W ^ fJSST 1 Auwmcnt public Comfort Stafioi ^ n Ac"u^ I n terest ,° Serial Paving AdvenUi nZZLZZZ 1'ZZZI I'.lu'l ^ ( C0^CIer-^ ^"^-C^ration KSMSZZZZZZZZZZZ Ccean City R. R. Retirement Water ; 3 13$ 1r of Emergency Note 3.591.00 Music t %et In (City Clerk ) —Refund— Operation Public Ubrarr 1' " JS'S « < =LW..H. R. In... on on t7»'^ L^:: a- 0 ™Jw®c?r - 5»J3 Interest on Bonds 41 843 « ,e xZ^ri- U 4~25 on Temporary NoUmZ! 1*671 7i to Sf*t,0n 5?** 20.000.00 Retiring Bonds Payable ■ * %tfand~E*Pr*m — 2T- "» Maturing Imp. cTSficat^:T «*500 « Street Assessment— Budget Re- Retiring Tax Tltl. ' r'^ Z 0 Quirement ! .900.00 ReUriSj " pg..°° issjssS?" — ^ K£wJ4Kg?== aaaar«r~ZS iS H. A. Horn, CI.T dork 2.872.77 fowJO., Ct, E^STi; * ^0cml Tax 46.600 ■- SKP^icrzz: zz= 'U^il < j P&JFZSZtztl r r State Bridge and Tunnd Tax.... 1.20L25 , J** AntidpaUoa Notes — 20.000 00 T** Revenue Notes. 1920 53.000 00 Tax Revenue Notes. 1919 UM.OO ?S KotM 1«# 18.500.00 Itnrmmmu Koto Operation . . r y^.atTtLS- - - .J ■ 7 w 1920 Aeoounte Payable 1.394 15 k-jn—Capltal Account 878.000 Bond Issue flJ7 Advance to County Clerk.— 107^5 C5ash on Hand. Dec. 31. 1921.... 85.849.41 1 — — — — , 1665.878.84 44l(C ___ #i CITY TREASUER-S CASH RECONCILIATION AS OF nrr 11 •£F'$76-$4 First National Bank 354.668.07 OutetandTng * DEC* Utl Ocean City Title and Trust Co...- $4,012.75 ^ Checks Amount Check No. Amount _ 383.681.72 1*16 $9.84 1 617 7 gn.og Outstanding Check* as per list.. 23.027.64 Ao* s*3* - — 5.00 16376 18.01 200 lfS7® 43.90 15170 _ 66.26 16380 8.41 !SS! 2*2° *3381 78.17 }f!2 — 7'74 11 «2 J45.2S !«•?! — 304.50 1688J 16818 56.25 16864 78.96 }22 2500 16385 70.43 *2? -- 30-00 16386 455.67 !!!il — 44 00 16387 819.65 22 7J!J 1<m l84« JSfl 1-25 1 6389 9.97 16860 — 490.47 1 6390 77.0ft 122 7i'i? JWSl 879.30 16363 9.00 16392 1 276 n« 12??^ "-2 188,4 84 •» J!!!* 487 16X96 88^5 52?s "*• 10^;j 18,99 1>LB / jJJIJ .JfJ 1«0I 10.161.67 JJiZJ 88,15 16402 6.028.33 18875 3J-80 16408 , 1.622.75 Currem 623.027.64 SSuf 6«^9.41 Truii ■ 9.808.99 Trust 19.995.68 Brf-wfuwi a $65,654.08 Total j*r ,r, ,.a (SsTMrenS«SBURSBMENTS"L W BerWgh. Csii^T 885 08 no*. ^ ' URRENT RECEIPTS TRUST RECEIPTS 1910 *** 87,12 Receivable : ton -zzzzzzzzzz:: °°*lrmct 85 — > — - • $364.o« }{" - ■» 7.84 Jh 62-64 - — 75.94 EJ 53.17 \l\* 388.14 fjl 63.02 0 5 732.12 ili " v J 30,72 «5 944.93 32 4.927.87 1917 1.530.85 7JJ * J'4?52 1918 8.211.12 12 3.690.52; 19I« t£n£ :?? r- 2.775.24 , U»Z0 ^ 58,229.20 ' JJ? - 19.345.11 | 1021 r 364.35C.Cf 714 — 2.767.03 hranralse Taxes , ' ' 16.007.03 ' Gross Receipt Taxes . 8.R93.04 638.'6S4.90 Bank Stock TaxeS 1,806 A3 Interest and Costs. Taxes €.040.46 Interest «nd Costa. Assessments 873.92 6465,006.08 c«,y rZ*™?T D18B ITRS KMKh'TS .jh on H.nd, J.nunry I. 1,31... Jis.oo City T».Wr BSKHKNI?,., — SS '■ Z Rofarnl— Owrwyawht 0«7._Kwl- ^ C..h on ILnd.' i)N.mWr Refund — Retirement of Emergency Note. Operation Ocean City _ V K- ? 3.591.00 Refund— Interest on Emergency Note. Operation Ocean City ^ K. U. R. 59.16 Electrical Tnstiection Fees . .. 890.00v llealth Bureau Fee* . 36 50 CMher Licensee: 1,166.00 Mercantile Licenses ... |67I.Ot» Hack Ueenses 455.00 Bus t.ieense« ^ 40.00 Pony and Raddle Horse ... 100.00 ■^oarrh Fees 87.77 Fishing and Hunting Licenses 377 7ft Flesiitratlon of (logs . , . 55.00 I'ollce Court Fines ..... 836%SO RBCnm AND DnBURSMENTO^Or roUCK JUBTICC— r. H. Wut"*ss,ks I ™ '■ "in ls nt, Collected ^ t:|„v 326.50 Cash In .pirt. December 11, 1921 67.65 tash on Hand Not Debited Dee. 31. 1921 , 6427.14 %4Z1M Bank Balance 867.6s i ^ Cash Not iVposited 26.7$ RMtttm AMI> niSBVHSKMRNTS Or "bTLFCTRICAI. 1N8PKCTION* DrOT* ** ' Rlfglns, City Rlectrirlan t :loctrieal Permits ajid In,pactioUa 3389,00 DlSRl'HSKMKNTS J Oy#n»ayment Due Inspector from U*' . • 1.00 * May H1®**1** 1142. SO ; PtfTc^y ' """ " 8898,80 j * RE4.K1PTB _ANI» ptHMlIRBRMKNTB or HEALTH OFWCRR^T. l^e Adam. ea^rtw.,r*WS* ^W* W W To city CWrk for Marria!^ Li can set $35 Or ! * «ann heex ... ^ Tl> tn#rk for nmHh |W 1 ; ♦Cash on Hand. l>e<vmber *1, 1.931 ft tn. ' ' ■ . d « 641 >50 • • > , j ■ .00 Wat turnetl over In January. 1933, an.ai ^ WITH roUNTV Cl.KHK , nlXTllTR DIHHt'hHKMrVTv. : V ilance on Hand. January )9|| |9.52 CKarges to Aeeaunt . fit *x * Ivtnremanta 1» 04 Balanre on Hand. Dae. 81. fffC lit.OT ^ titus ViiTM t ■■ ■ ■ . '

.1? STATEMENT OF FRANCBIfE TAXES Outttandir.g. January 1, 1921 I9s4 44 Discouat Aik^ead in 1*21 tlii.i Levy oi IVl'l 16,1*6.11 £"UeCted ift 1921 UAtfA ,41 ™ *16,122-11 *14.172., STATEMENT OF CkOtib RECEIPT TAX. 1921 - Discount Allowed ib 19-1 664)J* Collected in 1921 6^934* Levy OT 1921 JM6IJI «8>6«J STATEMENT OF DISCOUNT ALLOWED STATEMENT OF TAX TITLE LIENS ON TAXES. 1921 Balance, January L 1*21 iUJ4±.* Kr aachiw* Taxes 6116.69 Trsnsfrrs from 1920 Taxes— 1,720.1 Cross Receipt Tax** 69.94 Tranafers from 1*21 Tases.. 10>€4.J 1921 Taxes 3.891.61 Interest and C04U on Tax Sale M27 A Total 33.569. 1* Balance. l»Si temWr 31. 1*21, .f 66,6*9 .7 STATEMENT OF TAXES Ou:>ianding Transferred OutsUudm Taxes Prior u> ' Jan. I. 1921 Paid 1921 Remitted 1*71 to Ta* Title Dm. *1.1*2 ( - 1905 - . <1,112,46 81.113-4 ' 1605 179.51 "*-i , 1906 577 V.v 5*7.9 1901 456.73 456.1 1 1908 .. 405 99 7.1? 8*64 . . : 1909 533.19 ^*-1 ,y ! 1910 568.13 V.2« «*-* | 1911 .. 1724.30 4.49 2.36 *16.4 I 1912 478.24 7.94 470.4 1913 981.51 75.94 0U1 * ' 1 1914 .. .1 1.714.20 28* 14 15.75 1.110J 1915 2.693.02 732.12 444.75 2.516.1 .21' 1926 4.393.63 944.9s 466.56 2.962 L .24 19JJ 5,927.83 1.530.15 2A9 4.884.5 1916 7,593.45 1211,1! 2-8* 4J179.4 >45 191y 7.271.01 - 2.367,57 • 3.00 4.660.5 1920 7K.Wi6.53 5*.7'29.20 7.720,16 12J37.1 1115.647.77 347J126J4 69*9.20 J7.7M.14 689.460.: [ii DUPLICATE FOR 1931 ANALYSIS OP PROPERTY TAX ,27 Property- Property Tax .-^ .6440.6*6.22 '.V Real and Personal .J433.206.3C Bank Stock Tax i .806.33 00 id Claaa K. K. Tax 7.6T9A6 3440A86.22 8442.198Jj - - Poll Taxes .. 1,385.00 State Read Tax . 810.476.05 ,02 State School Tax — 23.066.66 Total Duplicate .... $442,271.22 County Tax — — - — 323.lt5.26 Collected in 1921 3364.35C.66 Soldiers', Bonus Tax 3.006A7 « ' • Remitted in 1*2L._ M2A9 State Bridge and 'Transfer to Tax Title Tunnel Tax 1.20?. 25 -2« lien* ..J..— ' 10.966.30 A165.372A Al Dis. Allowed in 1021 3,391.61 Tax for Municipal Outstanding Purposes — — * 276.220.2 Daresobtr 31, 192! 63.043.76 t t , 6442.271,22 8442.193.0 TRUST BALANCE SHEET ASSETS UABILTTTBS Jan. 1 Dec. 31 Jan. I Iter. 81 Cash Treasurer $2,936.93 Jl9.WS.68 Temp. Imp. Notea— 6311.145.11 6177.987 M ' ; Cash — City Clerk Asse*«neat Bonds .... 25JHW.fr Street Opening 45.00 45JW Keserv# t Ocean CUy As ares. Receivable 17.902.64 11S.S07A3 Gas Light Co. Su • Asvresmrnt Liens 32.4*4.43 32.494^3 Opening) — — . 45.00 45.0" 81 Amm Lies Interest 3.613.78 3.613.79 Surplus • — - 19.746.43 1*^16.7! 54 Impmts. in Prog re** 179.943.7$ 53.363.07 ' - — ** 6237.936.56 $222,819 59 3237.954 56 3222.6t9.5i 91 RECEIPTS AND DISBURSEMENTS— TRUST f- RECEIPTS DISBURSEMENTS l.; Cart* on Hand. January 1. 1*21 83.934.93 Contract 706 6I94.0t " E. W. Burleigh. Collector 3S.6S4 .M 794 ilJOi I*'. Temporary Imp!. Notes; 708 I. 1.812.11 ^ Contract 703 677.02 103 3.437.ZC f* 704 1.331 .5 1 709 =i J0.f95.71 !J 705 1 .400.00 710 1^44.$: 70b - 4.120.30 . 711 38.11 k7 709 ll.480.0v 714 17,115.9: •* 710 — 2,560.12 722 588.41 714 : 25.1 00. 0«.' Temporary Impt. Notes: 722 650.00 Contract 703 466.4: j ■ Ajs< Hiuent Bond*. Serie* No. 1 26.0S2.00 704 — - ' , , 1.100.04 70S 30.902.CK J| - 70S - 700.04 II 710 ^ 16.692 4: !® 714 6.230 .04 :z. Principal of Assessment Receipts JV Transferred to Current Aect*. 1.9*0.04 ™ Payment of Asaeasmant Bofrds. J; Series No. I — 632.0C jj, Cash on Hand. Dec. 31. Ittl I9.*9ft.4! :J 3116.172.81 3116.172 J1 Hi- STATEMENT OF ASSESSMENTS i0 Con. Outstanding • Levied Paid Readttad OuUU&dlac 6 : No. Jan. 1. 1921 1921 Added Total 1931 ^1921 ltec. 31. 1921 9 402 . ' 6273.06 3273.06 6273.04 5 601 — . 51.55 , ' 61.55 fil.K 7 650 609.39 • 609.fi* 6«.35 5 <25 43X.96 438.94 ^ 433.96 0 ' 629.' 1.453.66 1 .455.64 1.455.64 0 630 ' 263.34 263.34 243,34 * 1 631* 3S8.22 388.23 JM.2* 0(485 J 99.84 « 99.34 99.34 0 639 355.38 355.38 355^8 642 769.25 769.26 7t9.2i 0 647 1.795.3V 1.796.80 1.786.30 6 <55 918.30 918.80 3244.06 554.24 5 ; <57 800.67 800.67 §2.6« 718.03 , <58 ZJ. 204.35 264.35 Z04J& 7 j 665 . — 522.25 52245 522.15 S <66 902.49 902.49 901. 49 1:667 510.82 510.82 *1042 -{676 . 37$,82 373.82 53.17 33* 65 « 677 — 8.082.32 8.08242 33.02 7.9*9.30 C79 365.19 365.79 365.79 , <96 — 1.038.35 . 1.036.16 1.034.85 <9o 540.45 540.45 130.7? 406.71 ^1- 6-8-15 6*8.15 l»4 3.169.79 3,169.79 S.166.79 J 1 70S 25409.96 18.00 25,827.96 3.660.52 1.04T41 21.06843 [ 703 48.944 .76 4&.9««.7S 4.92747 76240 41,234.61 r 7W 21,696.08 21.698.06 4.465.52 82045 16,41541 } ~0H 17.586.33 17.5S6.35 2.77544 J4.6ti.09 >710 J9.743.36 23.74344 19445.11 449625 ; :»V k ■ 24.74940 24.7494 0 2.767.03 2L982.77 650.397.07 6136.7224 5 31S.00 $187,137.4? $33,684.90 62.650.44 $145402.06 ; j STATEMENT OF IMPROVEMENT IN PROGRESS ( Confirmed City Dec. 21. " Con. Jan. 1. 1*21 Coats 1921 Total 1921 .Share Dafirit 1921 STATEMENT OF INDEBTEDNESS— CAPITA! TERM BONDS Outstanding l*sue Amount Maturity Jan. 1, i»?i ' Street and lire 1902 385.000.00 1932 ' Fire Apparatus * 1908 5.000.00 1923 1 Refunding 1911 50.000.00 1*41 1 City Improvement 191F 14.000.00 1621 City Bond* 1912 6.000.00 1942 City Bonds 1912 4.500.00 1942 Fire Apparatus IBIS IO.OOO.OO 1933 Funding ^ — . " 1914 132.000.00 1944 Fundlbg ,1914 27.000.00 t»44 Beach Protection 1915 7.000.00 1945 : School 1912 45.000.00 1942 *387.500.00 J _ *887 500 00 Temporary Bond> 1912 $141,815.42 1924 $141415*42 J, SERIAL BONDS Fund ng J915 337.000.00 1916-1944 IncJ. *3.000.00 r2,00040 handing 1917 28413-32 l»lf.lt$4 - 1.500.00 25418.32 , , 1937 141342 General „ 1919 60,000.00 1920-1937 - 2.0*0.00 58 000 00 _ . » 1938-1945 - 3,000.90 1 Paving 1921 78.000.00 1922-1988 " 4,000.00 _ . ,, J ^ 1989-1940 " 5.000.00 and Protection 1921 57.000.00 1922-19*5 " 5.000.00 1936-1937 - 6.000.00 1*33 ** 5,000.00 Temporary Notes : , Public Comfort Station » neo 00 vcusie Pavilion v ZlZ Repair# to Eighth Si. t ma *k< Contract 706 28.445 00 Contract 707 72*264 TO Contract 712 t 1W0O Ordinance 179, Public Resort a.i*..w j : • . I7HJW«_ , To the Hon. Mayor and Board of Commissionere, I City of Ocean City. I New Jersey. ; Gentlemen : 1 e,. ST^f'\aSl lh" aorouiftm and transactions of the «iy o f Ocean Cite I j hf 1! recently been completed by a rerreeentatiee of this Detwrtment. and the rreult* are prvsrnted in the following : 01 ••wnmret. I SSf Accoun: " M 1 mn4 813. Statement of Etpenditum. 4« List ot Unpaid Bills. Arw" S. Statement of Receipt* and Dbbureement* Police Justice. ,!• Statement af Receipts and DLbureemente inectrkal Department J?' ^?a,rnirnt Receipt* and DUburaetnent* Health Officer !i* oj kcce«|H.» and lHsbu moments— City Clerk. 14 Statement of City • Account witb County Clerk !i S52?' ",d "»*««—«- !<: ^ n**k ^ t»«. !»: ?Jg5S.« IV S4l"TWn^ Treasurer's Rereirt* and DUbureemre«t» -Tnwt AeroJnf 22. Sutrmrnt of Imprevemente in Pro* leas. %>f AW<Wtftl UHm' ********** Receivable, nod kaas^t Uea t Sheets Capital Account a* at January 1 and ry -mtui 11 IS' iMMT.ZurKzs^"'' ,,i,hurw",M- *««•« 17. S^j^l of . Amount fo *- H.f^l w Pufor, T»«rton .nd ' T-W And Otkw Ini-Modnm. fk^k K.4^ ' ?9. Statement qf I ndebtedneaa. . 50. ItaUncr Sheet*- — Reserve Account a* at January 5 and iw-. >w-» a* i»e-. t^mimente ^trical inspector, health office-, and ^uaty H 7 he outstanding lave* of prtot y«a-> wer* i j unpaid. n H was nui^d that ta>i wale* ate hebt aw prescribed K statute * " ™~ Wt" *" «nlfV-tn okf.ln-d ,w ' , rbe projner corrections erere made and rwree ere up acroedtelfr^ ^ 1919 \ U wa* noted that an amount of EM) wa. frh tSSSil M aerial bead A

; 76f *42424^2 tW OC 662426 A2 M4M4.1l 6UJ7444 68 794 2849644 9140 2846744 274*946 IVtoMSA 706 14-543 SO 2.437 20 174*540 374*643 Ivy 40,179.71 1 0495 72 51415.50 , 71 710 214*515 144441 -1450.12 23.76346 tlM , 713 S4464? Sf-19 1499-11 - la 7J4 35.4.43*9 J7.U543 3245941 24.16946 ' MMj JJ In 54444 5*644 *l 3179441.7 * 384,3214# iZlfJfLM 3136.72245 6 4* a-., J "T" ~ Oui«*s*diog. January 1923 417*443-7* Go^rxwd. lfrt\ * " '* r Coacs. 1*21 344^14# CTtjr Stare 13 — tC^asract : 3214,26546 OL mU. 1^. «•<< 41 1 * ' 76 • ANALYSIS Of TRt-HT HLtWIA h bn&gf. A*Ut Ipatte) 31400 40 Baiaare. Jaa4M.r7 1. retM Remitted ... Curren: HoAg»« A;v*Z-i ^ >21 , Itefie*'. Coot fact 7*5 1412 16 Cur, li udgw. Apgegi. CaoiZl IwficAt. Centrac: 710 106.74 Added A»,— Rere»-*v.Z" '• Balance, ftecrmbrr 31. IKl — 89414.78 SUmm A muMn hocA « 7.. - .93 ' '-My Share ,73' Wk *7' 325.2*6.16 «r .19 1 BALANCE SHEET ^ - M C APITAL ASSETS CAPITAL UAWUTK t 44 Jtux. 1 1921 Dec. fi, I*;t r jTT^- - , .40 (Cash - 64b6.84 «fc495.74 fu-x— &-(****+ ' " ^ 47 « Ittproxrmer--. If * • f fee.* 4 w a < *. ®nd Jit competed 2l.963.29 14.00)0 <* Coaat Pretecu^r. .15 Improve me ac in Booda SA Progress .... 6.1*74? fee servo A 44*0. ; ®A-i» fiy.Aa»«n: w t* tUimd 7$6 t . 44 b» Future Tmx»Xu*i 7*1.341 <4 8^4*4-^1 7*7 .50 , 712 ZXM.16 l-tes -hartCv. Asw Term i.r 25 G^terai . ^ » _ — «v.!e.«. y j- y T«mi<a-«ry . lilJlls? 1*3** 1 ' ... 05 Temporaey seen: Note* . , •-•. -n m R«wrve Appr^vr-- ' " *^M& *vwr.. Ow ]Ty ; — , teiMm *321.6234? *344.7*6.61 ,> • .... "" CAPTTAL BALANCE SHEET ' 8? ASSETS Ma Plf jrit j' 3111.29 31U-» Aco>t»t Payabie; - A reour.te Reretvabir i Son- iUmtrmn ,a p - u«» * Cor sou Co.) 261.78 261.71 Pur«erjl ^ Surplus (Deficit) 11047 110 $7 (SMA Cm Cs ) ,L5^ Comtrmet 6ii tMrr.Zi,- *** hregh A Ccmcor) .... n? ^ II *6*546 *435.35 JsZteZ, 90 j CAPITAL RECEIPTS AND DIABCRSEMEnt* * RECEIPTS j Cash on Hand January I, t*?l . _ ... M - Temporary Note*. Contract lir n Temporary Noes*. Ordinance No. 17* tUcs.n • Boercwalk and Const Protection Bond* _ H. A. Morris. City Clerk ...... eA«.s ^•Serial Pa v*ng Bonds " "" " Msa ! Loan— Current Account 3784004c Bond Issue S' " DlfiB U RSEMEN Th ***" Coo tr art 706 ... Jz Contract 7*7 R'.a Contract 712 ...... ^ ZAX ' Tempourry Impt. Notes, Contract 7« _ ' Temporary Impt. Noca*. Contract 71? . . " ?•*--* ., Expenses and Coets. Boandw»U and Cosur. Protection lasuv Temporary Impt. Note*, Coutrar: 7*7 ^ Temporary Impt. Not**. Repair* u ftih Sc. Expense* and Costs. Serkal Pavtag ^ Oty Share o.' Aseesszos-n: Note*, Con. 793 ..- * w City Share of Asse*s«ent Note*. Con 794 Z?'4 w : City Share of Asseasmen: Note*. Co* *69 ~ ^ ts j Cite Share of Asseuunent Notes. Con. 714 ^ Cash on Hand DeoemWr 21. 1KI RECEIPTS AND DCSBL" RSEMENTSHJ , CAPITAL RECEIPTS U. h. < government (Contract 712) - ' •_ CAPITAL DtSBURSEMENTS ;j City Trenaxirer _____ „ t ^ BANK RECON CI LI ATtON Bank Balance __ * Cash Nat Ikepaaited ■ !1 Due from Oty Clerk .._ _ . 4 r ' " • . '*■ « STATEMENT OF INDEBTEDNESS CURRENT Out standi nr Paid Isaand Ovcjuemn J Jaa-l. 1922 1928 W)iJ latlLSi!: J Tkx Revenue Note*, 1929 RX.MCjM 356.00UJK BUM* J Tax Kevec.-je Notes, lilt 12466.66 1466.6* » Tax Revenue Note*. 1918 22490.96 U146«.«<1 64' 750 90 ft Tax Title Notee 37.?60.« 5493.69 M.109J6 **-- •- * ; Emergency Note*. 1*2$ _ _ . _ 2_5frj.W 249MK, I j ^ B6*6ane Notea. 1923 6549o.«W ttf.i - $169.20040 St 40436.96 $S<]J694t E4LC-'» , . TRUST 7 Certificate*. Series A A B *6496.60 84490 0v 5 Temporary Note*. Contrect 694 343444 BJMu ?M <2.72347 1 4.435 .7 E *677.9? 4U«L-> 794 28460.90 3.4S4.I5 1.33544 21.44" Jc 1 4O6 2949290 36.9b2.90 L«A60 .66 d 1 4,865.9u 1,UT.« AU54& TaCi I ;JJ 46A20.9* US*.* LJAJ1 .10 , 2 1. fOC 06 EA692.C: 2496.12 7.5KX * » IV . _ , 54.^6 j' 713 — t.IBODo ruW*» I Hi — 16ut56.90 1/648949 25.16649 -X"** I — • - 6FM0 QUI - . t2I6J45.il 897,796-2* 54741846 CrjTX. Aasesscnent Bond. Sana* No. 1. * ! 1921 : Issue. Amount. 1 ' t2i.983.9fr-- 1926 , ' 542.90 26,032,99 2SJH-9 J 6218.MSJ1 *83.2*6-7* t?34MJ» tMMCA L | RESERVE BALANCE OtE r Paid leaned Outaeandteg ASSETS I 192! 1921 CW. «L j»fl | Jan. I w Sinking Fund 616*421 -63 62« "3* LIABELfTtES f Jan. I BMl Pledged tn City Ml JW6J2S.4S tt6r.*12R ► tlf.ww.00 SS73.999.99 I RESERVES tHlALft RKSES\~E RECEIPTS AND MSBIRR 62.000.00 SO.960.M MENTS— KINKING PfJ» 1.596.00 29J3.T6r COMMBSTON 5,966.00 56.99C.6C RKCKIPTS mo« (Ki aNMi O** «■ ^ t. am. tSUMrt 1.990.90 500 OO I LOOO'OO IMSRlRSKMEVrS :^:S•0? Purehnted ***i£aaa Hetirem^i «d City ImfC T»rm 6.369 Cv Itertyd* **>m 5.509.99 5409.99 . Cash <w« H*nd. Durimkrr SL. I«t *|SM9>,?9 1379499,96 WiiJiTi _ S&g** ^ ^ntiugeni wropriatwu aehmwi It was noted that all vpncbei* were rrevprHy »«vrr ha , - 1 vf Sas&Ts renala acwunts were cvere*j«er>«h-d during 1922 ^ ^ ' a? tk* ** rity rificiah has abrendy d.rertri •latute and the pwible re*uli *«kA action T>e minute* were examined in detail and were fuend tn be In geed n^A" rererdmi in the minute*. . — and H Ateril *<>Jk G May« : Clerenre S ^ d*abtetm» aB fen* a* required by etaterte- ft «• I7TZ7 *«■ the Cnanty CVrkv* nffire |e take care of the IfiuMn hi tetmld ehatwr the appropriaik-r. ailiuat witb the <h L thu |B the audft. the *«*en! ^ arawJItog u> the atatement from the vVuiniy Clerk y effice and the balaaar w ^ T* ^ the Ovunty Cleeh's offire exreiJ-^ Srda?*: t ! wren WmMd w6»h teoppOM I^SUdS* »tod F p. Ware, PnWer Justice ** i'Z * 2-990 American ^ % OaUurinr ,\K 6 099 K S. Fsdriite A Z, win rf*.Z 3.990 U. 5 EtMto A ^ ^-- 's Kl^,*wrr t.WC American Surety Ch T arewdanre wii.k the etamtre wrepriutjww were mafir in accordant witb tV T>e roJWter )m* a revNimnar cw-t which fvwnd tPshe pwfreneuree keev* the fcvlkv*te« kvb: J eure..J »imur haih wbkh were *«mnd in exreliret o.-od«tW»A' ^ ef thl 2La ^ ^ \,x% OHM Ctty Huon as awersencr nd* at MJJJJJ Jn or ^ orereDonof the vVean C9ty IBeehrta fc. R. Oh ***** ."ffle P'.g^V 81 taWfc latere.! Thhjtete atwware i* the Jh* Zr» ♦ TtZ ' *totbment. The intereet iv.n TSc note w pa>^ u.ree1 V.-— fharued to ib» entreat am>ropriatavn nrenuWL When *«w te retunded J- 9 « mi*cc(.sivc»>ii* rrwervue . r*w4si oi the police Justice h wax fwilei tha* mn kept m an i*i*Dtr*ai ccrwhtinn .. of receivable *rZ *.v»re»reeai ))ete are Vrttpr^reed by W * 'temente.. A saprvrtlng siatcmer; ban not he^« I aaaumnseni i*m doe te the fact that th* , jZ*' ii> nam* nniy, Tt> arrive at thw-e figure, the . JhT Z *n4 tK* 90<hl of «h dwinclpal of a-^areeni '**5^' between the twv beta* the tereaanvmx rere^vaMr re Kl"> 1V thh batechrv retain all Ire- reiiected the * ,Ml revered bj rereiuiU ^ th* revwroteg bed." ^ re with *^n:. wm be Pcutvd b, twv halanre *h^3Tki htcehhta and tW <-?hr, wtth »w« ^v and 5I51^!225LJi ^ lt~ ^ "ma!- hhRft nhtob *** ^ -or 18-ffiS >3St »o W Wfl«, .wrtV*. V > " "" T* "W SfW nT~" W 1 - v iti