' 4 ~ — ■ " "r 1 *"' ' ~ • OCEAN CITY SENTINEL, THURSDAY, DECEMBER 6, 1928 ELEVEN

(Continued from Page 10) 1U°U*L *W#« lhtt <hey ^midy »u" that .uffirleM fund»hsll b# appropriated for any certain improvement but make no mention aa to thi amount npw*wn*nt- not ln accordance with the statute* a, it »» the Intention that a proper and Muttcient appropriation thall b« pro*i«|« brior* any contract U let or any work undertaken and I fail to are how a •upplcmenu debt .tatement required under .action 12 of the Uond Act could be prepared under thi above eircum.tancea. * , w' ' iia "L*"0!4*0^ il?* /l! yJ the ordinance to provide any appropriation it ii m>i>o«.ible to determine the liability of the city for any improvement which may be uncompleted »xc«pK the medium of actual contract liability. !n other word., thi re i» »o limitation a* to the amount of money that can be expended upon an unpmvement by ordinance If .upplemental or additional contract* arc entered Into from time to time, whereas. If an appropriation U provided in the ordinance Ji'aaSS oMhl Xdtnanc®. ^n'tely and arbltrarUy flxed immediately upon the K-irkfut'Sr* ln*ae^.S?* ^n* *°m* Very work In connection with lb*- e.tabli'bln* of all tax title lien, which are now In such condition that the amount or outstanding liens can be determined very rapidly. The reault in thU (viinectloii materially dycreaaea the amount of time necessary to complete this audit and will ba reflected In a lessened coat on this a» well as in all subsequent audits. It was also noted that the buoks of the treasurer wen* In mnHHion _ _ j u to be cunttratuUted on the eflklency of the record, maintained and the city to be congratulated on the excellent service which they are receiving, ooinnu noat Ion. ; That a list of taxes remitted and Uxra added for each year be set un in th» U nincd pages In the back of the duplicate for the /ear P That all official, and employees who may be entrusted with the recelot or eipenditure ^ city funds be properly landed a. required by statute. l*hat no funds he expended in the absence of proper appropriations and that J?hM wTKEh h»« ^T«'rbin0L'"h *~r 10 COY*r "" 'uUwrit^ «^ndkur„ d fliufl1 ** m*'1® n'xt •"cceeding budget to cover the following Overexpenditure of Appropriation*. 1021 12 0G7 65 Overexpenditure of Appropriations 1022 '345 44 Deficit Unexpended Balance* Account. 1922 234 44 That all fees collected by the building and plumbing inspectors be turned over le> 'u *a5 # treasurer and that these individuals receive their compensation through the midiuta of an appropriation In the budget at such ftgure as may be flxed by ordinance That all future ordinances which necessitate the expenditure of funds be provided with • deftnlte appropriation clause in order that the statutory provision which requires Ihe filing of a supplemental debt statement if needed may be compiled with prior to h% *• — 3 ESSTUyftVi: That all aupolies such a. coal, gasoline, gravel, etc.. be advertised for In the manner prescribed by statute and the contract therefor be let to the lowest bidder In °f Chaplrr 162* *• L- "SilSI 1 and J if I. "No •>>»" *nter into any contract for the doing of any sork or for the furnishing of any materials. supplies or labor, the hiring of teams or vehicles, where the sum to be expended exceeds the sum nf hundred *"*'«*• the roeernlng budy shall flrst publicly advertise for bids therefor, and shall award the said contract for the doing of said work or the furnujhlnc Of each material*. supplies or labor to the lowest rmponaibVe b Wder^ bJUU. tfwn n°l plTV,nl *ny w«»*«lpallty having any work done ?* »."E,re»7« ■2E*!?* ***** •ian- .al U) be flxed by it. solicit proposal. by public advertisements, for the furnishing of all material, or supplies usually required by It. or any department under Its control, and shall award a contract therefor to the lowest responsible bidder." Cert ideation : I hereby certify that the above report I. a true and correct report of the flnanclal accounts of the City of Ocean City. County of Cape May. as obtained from the hooka sod p*P*"5 City presented to the auditor, supplemented by personal inquiry and investigation, and 1 believe It to be a true report of the financial condition of tbc uiy. I wish to express my appreciation of the assistance and court#*!** »,nH. rlV u. the City officials during the course of the audit courteale* rendered Yours very truly. WALTER N. DARBY. HAI.U.K «. DAKUY,

Trenton N. J.. Commissioner of Municipal Accounts. November 1, 1923. BALANCE SHEETS CURRENT ASSETS CURRENT LIABILITIES SI Jnrt I Hsf #| Ca»h— Trrxsurcr . . . .$55,849/1 142.900.40 Overpayment -» EleeT*M }'£?* to 190i • 1.09K.42 trical Inspector.... SI.00 2100 <*9.51 738.91 Tax Revenue Notes - M "W 657.98 455.16 1922 ™. . 93 700 00 •; JJJ7 456.73 408.97 Tax Revenue Note.- *3.700.00 298.87 361.08 1919 J 1.400 09 •" -1909 533.19 450.52 Thx Revenue Notea— 1910 658.85 472.77 1920 . 35,000.00 1C 600 00 1911 216.46 240.14 Tax Revenue Notes- 16.600.00 1912 470.40 338.80 1921 65.000.00 10 000 00 9 9 905.67 327.97 Emergency Notes . . . . . ' 4$Sm J9JJ 1.110.31 605.88 Tax THIe Notes. ... . 38.050.00 30.500.00 '915 2.616.16 66G.G1 Reserve (Appropris1916 2,982.09 697.63 tionl 2.095.39 1 528 IS JJJJ 4 879 44 1*201 83 Sufp,UB Rewnu* ^.854.02 67il28.75 1 III 1921 63,043.76 3.467.86 " 1922 74.006.9) Tax Title Liens 66,699.76 81.330.37 Overexpenditure Appropriations. 1921.. 2.067.66 2,067.65 County Clerk'a Office 117.07 131.72 Health Officer 5.00 20.60 Police Justice 94.64 39.96 City Clerk 1.00 61.00 Loan — Capital Account 61.87 61.87 Overexpenditure Appropriations, 1922.. 346.44 Klectrieal Inspector. . . 7.00 Revenues for Emergency Purpose* 4.631.65 Hsnk Stock Tax 726.65 Deficit Unexpended Balance Account. 1922 ^ 231.41 * .v.™... 3197.400.41 1223,939.63 2— 24 1-2 Plena— 6 PL— 12-1-23 CURRENT REVENUE Anticipated * * ttufgrt Actual Excess Deficit nrvcrj/- r. <-l 315.000.06 $15"900C •vn» Swrfion AtflciptiMi 4 " ' ' 7.2A6.00 H.lrtJi .v. ?*x . <,W.K fjmjl '■ 3.7% 91 • v xn.t C<s-:- ir. Tay.es. .,r..w.... S.fitifl 09 jo ,992.60 7 >-.*"• ■■*•8 • • V. ««•«* - - • XCA,00. l.tcios *n>i 1>n s50.W f.403.5J 5.143.39 Police Court Fines.. 150.00 376.32 225.32 Other Liceneea 960.00 1,629.00 679.00 klectrieal Inspection Few 600.00 2.009.00 1.509.00 mi ^ii r» « . . .. . . fli9.060.00 146,145.21 127.095.21 Miscellaneous Rercnues Not Anticipated: Refund Telephone Calls 645.13 Miscellaneous Sale* 26.00 Overpayment Refunded 61J6 Comfort Station 38o!fO Rent of Poet Office Sub Station 260 00 Refund Interest — Ocean City Elec. R. R, Co 66.76 Premium on Public Land lionds t.6T5 00 Accrued Intereet on Public Land Bond*.. 2.260.00 Dog Licensee 29.04 hvnrchee 181.10 Health— Bureau Fee* 61.60 Amount to be raised by taxes fS45.21B.64 f346.110.8? VSl.SS Kevenue* for Emergency Purpose*: Storm Expenses 2.729.50 Drainage Expense* 1.862.16 S4.S81.66 c , „ RECAPITULATION * j Surplug Revrnue Appropriated 315.000.00 Mi<ev inoou Revenues Anticipated 27.09521 MDre.lsnrous Revenue* Not Anticipated 6 936 08 Additional Tax Revenue* T7 ^ 891 SS CURRENT EXPENDITURES , a . - Unex- i Appropriated Transferred pended q,fJ.t from Expended Reaerved Balance* gUJ? 330,600.00 $3,995. 86 333.924.73 8416.12 1166.01 Contingent Expense* 7.150.00 6.B20.66 361.90 *12.46 t- ;; ••••■• H.600.00 108.26 14.60826 Police A Life Guard* 26,600.00 5,684.01 12.061. 13 20.90 F r» Department 17.600.00 701.62 1,600.00 16,617.63 11.90 60.19 r .* 6.000.00 20.00 6^80.00 iriF..i « 6.600.00 562.79 700.00 6,703.54 282.61 226.74 }'!!£? •• >.000.00 240.26 1,240.26 8.00 *8.00 i ; 8,560.00 166.00 8,164.00 Collection*.. 6.376.00 14.00 6,300.08 60.92 1 Repair* to Boardwalk Vuhtf ••000.00 429.04 6^47.12 274.70 +M.98 { I ublic Comfort StaP}/™ 3.000.00 60.59 2,959.52 100.37 ;Vf,l,n.6| 1.600.00 677.78 2,677.78 A wrtulng 6.600.00 54 M9 6^51.31 12.00 *12.00 1 25^00.00 2.852. K5 t.262.00 24,070.86 S?~nfc€# 2,000.00 1,943.09 62.99 .91 i;"7r 4.500 00 1.290.00 5,790.00 200.00 *200.00 1V*,C 5,500.00 97.26 6,402.72 52BJS^ 1. 000.00 1 .000.60 « Public Library 700.00 • 700.00 lnter**t on Tern. * in, * - v 8.600.00 447.09 2,612/M 6,114.24 jn erwt on Bonds... 44,161.70 304.80 43.364.98 'merest on A***mRJT?1 11,660.00 2.681.42 3.773.68 2*tjrlng Serial Bonds 16,600.00 16.600.00 Retiring Asseasment nondi and Note*.. 19^00.00 964.17 16,146.63 Raring Tax Till) akIVI0* 3,600.00 . 2.600.00 ; Abatement of Taxes . 600.00 600.00 P Discount allowed on «i:t7pR3rJ?'llrf 3.000.00 606.46 1,506.48 Sinking Fund f?,6»7.36 17,667.16 T K*«*» of 3% Temp, Bond Issue 4,115.4^ 4,316.42 Improvement of Camp Ground 16,600.00 1,610.96 16.8X9.06 ^ p ... 0 . I311.469.I4 II7.4IM6 117.413.46 3111.660.10 A Public Srhnolt 46,600.00 46,600.00 li™r.T- K*FnM* 2,729.60 2,729.60 Drainage Expense.., 1,662.16 1,862.16 - i , - . 11 3881.631.19 3182.041.96 31,516,13 1626.66 *346.44 . RECAPITULATION T Appmprlstkin*. Budget - 1579.249 64 Appropriations, Emergency 4.131.66 ■ 8561.651.19 UverexpendRurw 348.44 h 1384,196.68 r, 2 .. . • • • • * » ' * »»»'»•■» • i « » * »•»»»., * * i • »»•<!»*» . . • « » » » linn » 11,123,18 "»Bur»ed aifJMi.u ' "expended Balancw ; 626.66 1184,196,61 v . UNPAID BILLS Afl AT DKCBMBBR II, 1922 Voucher Total Cohlln- City Adrer. Amount gent Hall Boardwalk Fire Health Streets Water tiling >•28 4.00 4.00 . 74.46 44.44 80.00 J HI 9O.O0 90.00 MB 97.10 94.70 1.40 0 I"! 14,00 0 00 6.00 8' SS 160.00 120,00 f 30.74 60.74 « r'JJf 9M.00 200.00 1» Jlii 12.00 12,00 'SS ,,0° Si* 41.60 61.60 7-. aiM 10.47 ,M'<f 3140 100.12 W4° i$$46 I 21426.11 1161. 90 IMl.il 2274,70 fll.R fi.00 2416.13 2«06.00 212.00 Ti ^ , UNBXrKNDED BALANCE ACCOUNT IMW| 21.722.01 Additional Tax Seven m* 8891.14 Unexpended Balance Acct.. 02042 11,71242 Balance December 21. ItH. 9H40 2l.7ll.lt iliiMta *. SURPLUS BRVINUB ACCOUNT aia _ ,fp,ut R#*»h'*e Appr 211,000.00 Baltnce January I, i.,».

Balance December 21, 1222 67,122.71 Excew Misc. Revenue 27,096 21 ~ MUc. Revenue* Not Anilcijuitcd . 5.915,08 262,124,76 Other Surplus Rivrnur . 744.44 Budget Appr. Tax Title Notes . 2.500.00 >>2 1 4i *rs . J,, ». DETAIL OF OTHER SURPLUS REVENUE si , Taxes add for the year 1916 lie ko ie, I'axri added for the year 1919 !*!,, 02 ^ Interest and Coeta Tax Title Liens 72L6Z ,. ,ftf • TAXES REMITTED I-44.44 ii lor the year tit. so « £or >>*• W 192> 15 40 r. For the year 1922 1 6iw'l2 e , * h CURRENT RECEIPTS AND DISBURSEMENTS 1 • - . , RECEIPTS ^ C**® on Hand. January I, 1922 136 849 41 it e. w. Durieigh, coiKto;. y/. :: I": ; ;;;;; ; Barry A. Morris, City Clerk....... 4 886.49 X P^nt Calls (Refund) ' 84!s3 y Emergency Storm Npte.. ; 2 729 60 [ Emergency Drainage Note 1 *852 ! 1 6 Tax Anticipation Note*, 1922 60*000 00 ' *?:JSocS r City Clerk. Refund Operation Ocean City R. R. Retirement' of fc««wncy Note 4 jaa.00 t City Clerk. Refund Operation Ocean CJty R. R. Ipterest on n Emergency Note 86 74 ir22 .EmwVCJP 9s"™1}0* °«An City Elec.' R." St.'.'.'.'.'.'.'.'. " 4.100.00 1 f remlum on Land Bond* Sold . -f 00 Accrued Intereat on Land Bonds 2*260 00 i Discount on Prepayment of Taxes 1.608.48 • „ DISBURSEMENTS 2762.179.41 r at reels . tti 091 ii r Contingent Expense* e!820.'66 i foiiceand Life Guard. lgR ts ' Hr* 16417.63 »' Fire Apparatus • & oho no i ! City Hall 6?oaS ( Health Bureau MI. .!!!!!! L240 26 j i Garbage Collection 8 164 00 ! Hubbub Collections MIMMMMMMMMMM I I'ioooS f P°*rlw*,1k *»d Pavilion.... ,'••••' 6447.12 p P?InHnf° " Sulk)n 1 2469.62 r i rinttng • avi v« *i;rkln' ::::::::::::::::::::::::::::::::: »KJ? nSLii.;i 24,070.86 £«&*• 12.99 SSff 1 5.790.00 V 6,402.72 Public Library 700.00 Interest on Temporary Loan*.....; 6.114.24 Interest on Bond*.. '. 41 856 96 Intereat on Assessment Bonds Ml. MM 8.778.6B Retiring Bonds Payable J6400.00 ring Assessment Bonds and Notes 18,646.61 Retiring Tax Title. Notas • 2400 00 JCf:ryA,ent of T*xn - • • Sinking Fund 7467.10 Payment of Exca*s 1% Temporary Bond Is*ue 4,116.42 Improvement of Camp Ground ' 16 889,06 Local School Tax , 45V000O to 0ce*n c"y Electric R. R .-f 4llOo!oo ioS E««**«ncy Storm Expense 1,729.60 '®22 Emergency Drainage Expense ' 1,862.16 >221 Account* Payable 1095 39 Advances to County Clerk ' 14 66 SS 1 16,172.44 State School Tax si **7 71 SUte Road Tax MMMMMMMM 11859 96 Soldiers' Bonus Tax -M MMMMMMMMMMMMMM £446 70 State Bridge and Tunnel Tax 1.341.19 Tax Anticipation Note* 60 000 00 T®* Revenue Note*. 1921 60,000.00 Tax Revenue Note*. 1920 18,600.00 Tax Revenue Note*. 1919 11 400.00 1922 Emergency Note Operation Ocean City R. R. Elec ill 00. 00 Tax Title Note* 12 050 00 Cash on Hand, December 31, 1922 42.900.40 vi ,CIJT < TR P^,8 U?E?~C A?P RECONCILIATION AS AT DECEMBER ifim9'*1 First National Bank. Ocean City 376.770.80 Ocean City Title A Trust Co.. Ocean City 28.174.06 Cash Not DeixMitcd 101421.26 *205 666 1 1 Outstanding Checks 17,889.1 1 3— INGRAM— 24 1-2 Picas— 6 PL— 12-1-28 3167,777.00 Number Amount Number Amount Number Amount Prior to 1916 89.14 11770 $17.80 18707 1216.39) 606 13771 5.60 18799 42.601 JfJ> 2.00 18771 68.08 18800 1443.00 , >"M 3.00 18774- 126.00 18808 8.284.64 JJJ72 1.76 18776 3.76 18804 • 8,824.44 JJJ64 1 76 18776 6.00 18806 18,000.00 "HI 18777 60.00 1880G 1,764.28 JS! 6.60 18778 18.00 18807 140.00 I W5 9.60 13779 11.00 ""J JM 13780 480.00 If7.380.il 17683 1.86 13781 934.00 >8616 50.00 18782 148.80 18717 100.00 13781 6.00 J8727 100.00 18736 8,737.34 18744 . 76.00 13736 109.76 1876 8 2.00 13787 422.90 13769 12.60 18738 81.2G 18760 66.00 13789 22.00 13761 111.19 11790 266.30 33761 8.00 18791 1A70 1 18763 6.30 1670* 62.1* 13766 4.06 18791 1,646.7* 13767 60.00 13714 1**.*6 18768 101.00 13796 11.00 '3769 *12.75 18796 18140 Required Cash Balance— Current 14*406.46 Required Cash Balance— Trust *4461.90 Required Cash Balance— Capita] . 100,614.70 j RECEIPTS AND DISBURSEMENTS OF POUCB JUSTICE ,I67,'7, 0° • ' RECEIPTS Balance on Deposit January 1, 19*1 *67.81 Balance on Hand 26 70 Finea Collected 496.71 j 8691.16 DISBURSEMENTS Paid City Cleric 3480.00 Paid Motor Vehicle Department at Trenton 92.60 Police Chief ' *6,00 < Slnnlckron and Chew MM 1.89 Cash on Deposit December 31, 1322 39.96 8591.86 RECEIPTS AND DI8BUR8EMENT8 OF ELECTRICAL DEPARTMENT RECEIPTS 1 Electrical Inspection and Permit Feea *2.009.00 _ /,1 DISBURSEMENTS to CRy Clerk 32,002.00 Due from Inspector.,... 7.00 11.009.00 RBCBIPT8 AND DISBURSEMENTS OF HEALTH OFFICER „ RECEIPTS Cash on January I, lltt 36.00 Marriage License Fees 42.00 Health Fee* 19.50 / 366.50 i DISBURSEMENTS y Paid to City Clerk 1922 fee* and license* 344.00 y Paid to City Clerk 1911 fees and linens**.,. 2.00 y Cash on nand, December II. 1922 *040 i * — — — 166 60 y CURRENT RECEIPTS AND DISBURSEMENTS OP CITY CLERK ' / RECEIPTS y Cash on Hand. January 1. 1921 *46.00 j / Received from Electrical Inspector 1,002. CK. ' / Health Office 46.00 i / Mercantile License* 3*9.00 / Official Lien Searcher •. 181.10 / Hack Licensee 105.00 / Gunning Licenam '. 697.40 / Registration of Dogs 31.00 i Police Justice M 41A00 Automatic Locks at Comfort Station 418.00 Automatic Towels Service. Comfort Station i*.7$ t Refund from Ocean City Printing Co. 61.16 Sals of Old Motorcycle...., *5.00 Refund Operation of Ocean City Elec, R. R. 4,166.76 r Salary. Post Office Suh-Statlon *60.00 v Special Licenae*, Hone Hire....,,,,,.. 95.00 Special Licensee. Bus 100.00 DISBURSEMENTS To City Trsesurer. 69.071 .*6 County Clerk. Cunning Licensee 64Z.50 Service Utilities Co.,...;.,,.. 60.66 City Clerk (Commission on Gunning License*) 15.10 CUy Clerk (CommiMlon on Dog Licensee) 1.96 ♦Cash on Hand, December 11, lt*f. 116.80 ui. 19,819.16 •Due County Clerk,,.. ......118,00 Due Cunning Llcenee 619.80 Due City Clerk l.RO Current 61.00 Special Depoelt 41.00 Tru*l 45.00 Cash Not Deposited *4,14 Bank Deposit S4.lt 6116.30 , . 1116.80 STATEMENT OF AMOUNT COLLECTED At COMFORT STATION— CITY CLERK Received from Automatic I-oeka ; 6413,00 Received from Automatic Towels.,,,,.,,, fl... 12.75 part of Collection to Service Utilities Co. for use of Automatic Service ' 4 50.65 Amount Paid City Treasurer 1580.20 ocean crrrs account with county clerk RECEIPTS Jalsnre on Hand. January 1, 1913 111747 Ka^tDCtfnMtl • • a • % • • . A A • 9 • • * ^ e • « Ml « 9 9 9 • • a 1 1 1 u • • % « V • a a % • • e a a • 1,100-M DISBURSEMENTS T ' Charges to Aeeount.. 61.tf5.S5 Balance on Hand, December 81, 1»1*. 1*1,7* • 61.417.07 CURRENT RECEIPTS AND DIWUMEMKNTS— CITY COLLECTOR , v« . , , , , ........ ,$41240644 n HI 64,138.4* '£20 9,666.76 M JJ 1,481.29 O .. >J*2 6,177.61 l( >J" 941144 iaia *436.61 ** iaii 1.96944 tI >914 , iiiiimi, , I....,* . 806.41 .. 1£'£ 677.60 n JJJJ 1*1.90 1911 IIIIIIM1IIII1IIIIIMI1MI..I.! 76.1* ' ikflft 8f,03 »• iaaa '••*•'• 81.66 O IfW M t 9 t r M I rt I 9 I M I 1 9 ( « I t I I 9 t I ( t M t * I I I I • • • t ( » • M I 9 f 47.79 „ IJOJ 47.76 1V0I 4 , , , . ; ,, i , ., *4 •• * 40.90 " Prior Yeotu 14.04 Iraas Reeelpta Tax 1911. 6,796 91 Bate Bank Tax 19*2.4.. 7*6.61 franchise Tax 19**, ,j. 16.1*4 It merest and Cost on Tsxse 10.99S.fl9 Interest and Cost on Assessment*. 6,493.19 I5M.I0I.19 DISBURSEMENTS . V fo City Treasurer 96*4409 19 I STATEMENT OF TAXES _ . , .. Tranafer Outsundlng 1 Outstanding Remitted to Tax Dee. II, R 4 Jan. 1, Iff* Added 1»tal Pntd 111* 1991 TttklKn. 192* I p! raxea •*, Prior to 1901 9l.U2.46 lt.ttt.46 |14.94 61,096,41 f JKJ jjwi iBli i!!! n' 1904 627.98 617.91 7f4f 466.16 1*07 466.71 469,78 47.79 406.91 JJJJ JJJ-JJ 199.67 41.78 16 1 0 6 !m Utli ft iS an « 3 «t.4i 18.11 14914 Oi

1 1*12 476.40 4:0.40 111 .60 tlK+t » 1011 905.67 •«. . '.7 677 60 1*7.0: 4 1914 1 4I0.S1 1,310.51 r04.4i 606.*> 0 "10 2,616.16 19.-0 2.6S5.V5 I.969.K4 10 "w *66.61 -| 19'0 *43249 •4492.09 2.2S4.41 497,65, 10" 4.S94.59 4.394.6U ' 6 051.04 f fff 4/ 19'H 4.S70 44 4 , V» 14 5,177.61 1401 M 0, 1910 4,880.50 4.--OA2 3.4. "2 2* 14**34 2, '020 12,937.15 12437.16 9.566,71 1470 4' 2 j '921 GS,04i.r6 48.045.76 54,-^^.48 14.4* 4^6«^>7 8,467.06 M 6102/04.01 tiw. s* 3102.621.M 6*0/72.67^ |6I *9 14,444.07 1 17/61^0 STATEMENT «r FRAN't II1SK TAX DISCOUNT ALLOWED ON FRJCPAT1 l*P ... MENT or TAXES ' j Odlrcted in 1022 . $16,824. £5 French bur Ta**« ttl.if 4 Discount Ailowtil . 6'».46 J«'2J Tax ex t 445 trj 1 414J389 89 — *vT. STATKMF.ST OF GRoVs Total S» 10- 4RECEIPT TAX STATEMENT OF TAX TITLE UBSB Levy 1022 I5.7&5.01 Outstanding January 1, 1922... 356.603.76 Collected »n 1022.. |0.7y5.0l Trati-fers from 1021 Tax^ 4.444.07 BANK STOCK TAX Trswfcft from 1922 Tax r* 19/41.02 L«vy 1022 $1,461.10 Intrr^t and CoaU on Tax Sale ?2«.fZ Collrrtrd in 1922.... 1720.65 Out. landing I>ee. Si. Balance December 11. 1922 *81,110.67 1922 726.6* $1,468.10. DUPLICATE FOR |J22 Property. Reel and Personal.... $601,797.92 Second Class R. R. Tax . 7/36.67 fj j. n, $649/14 59 Poll Taxse 1.640 00 Total Duplicate . 1611. 104 60 i Collected in 1022 $41*84354 * j Remitted in 1922 ... . . MM... MMMMM I/wil* [ Discount Allowed in 1022. ... . 1,441.0* Trankfers to Tax Tillr Lien# 19/41.02 Outstanding December 31, 1922 ... 74,006.99 if 3*11 194 69 ANALYSIS OP PROPERTY TAX I'™1?"' 3*69.614.69 Bank Stock Tax r 1,468.10 o. . r, j — 9*11,037.89 State Road Tax 911,869.96 State School Tv 11/67.71 County Tax 7 114.172.44 .Soldier*' Bonu* Tax...."* 8/46 79 Stata Bridge and Tunnel Tax / 6,141.19 Tax for luteal Municipal Purpoaee ^946/10/7 9*11/87.36 TRUST BALANCE SHEETS ASSETS ' . _ January 1 Deeember 1 Cash— 616/95.6H $14,261.90 , Cash — City Clerk. Street Opening 46.94 46.04 • Assessment Receivable 111/07.4# 60.796.72 . Aa»a»ameni Liens 82.414.41 102/87.69 I Assessment Lien Interest.. I/1M3 9>r4 19 i Improvements In Progress. li/GS.uT 11,797.46 1222/10.69 4214,114.96 ^ LlABILITlKA Temtx>rary Improvement Notes... ...$177/17.31 621/70.00 ; Assessment Bonds 24.Mv.0U 148,447.44 Reserve (Ocean City Ga a Light Co.. Street Opening) 46.00 45.00 ROW* 19,119.78 a/54.12 6428/19.66 $114,1X4.91 TREASURER'S TRUST RECEIPTS a.KD DISBURBEMRNTB RECEIPTS Cash on Hand, January 1. 1921 919.996.48 K. W. Burleigh. Collector 17,415.72 Temporary Improvement Notes Contract 711 $1,600.09 Temporary Improvement Note* Contract "26A 1,460.00 Temporary Improvement Notes Contract 725B... 490.09 Temporary Improvement Notre Contract 726C 730.0a Temporary Improvement Notes Contract 7SU 11/40.90 Temporary Improvement Notes Ordinance 117 6,160.00 Cont. 704 Assessment Bonds Serie* No. 2. Principal 921,447/9 Asse«*ment Bonds, Premium.. l§7.24 Assessment Bond-, Accrued Interest 117.96 21/72.6$ Cont. 791 Aiwevsmcnt Bonds Series No. 8. Principal $48/44.78 Assessment Bond* Scric* Nis 1. Premium 244.72 Assessment Bond* Series No. 8. Accrued Intwsst *69.19 — — — — - 49 468 69 Cont. 768 Assessment Bonds Scries No. 4. Principal tlT/67/4 Assessment BtQil- Scries No. 4, Accrued Interest 182.98 Cont. 709 Assessment Bonds Series No. 5. Principal $62,600.06 Assessment Bonds Scric* No. 5. Premium 5.26 Asseasment Bonds Series No. 6, Accrued Interest 109.87 Cont. 714 Assessment Bonds Series No. 4. Principal 17,406.06 j Asseasment Bond* Senas No. 1. Accrued Interest 181.24 — 17/81.24 | $216/29.16 DISBURSEMENTS Payment of Assessment Bonds Serie* No. 2 . . 17,447.99 Payment of Assessment lk>nd» Serin No. 8 7/44.78 Payment of Assessment Bonds Scries No. 6 4,600.94 Improvement. Contract No. 703 ; 114.00 Improvement. Contract No. 7A4 1*9.49 Improvement, Contract No. 711 1/84.4? Improvement; Contract No. 7*2 19.7/ Improvement. Contract No. 7*5 A 1,428/4 Improvement, Contract No. 72611 672.14 i Improvement, Contract No. 725C 780.00 Improvement. Contract No. 750 19,701.48 Improvement. Contract Ordinance No. 187 t/44.91 Temporary Improvement Notes, Contract 710 4/11/9 Temporary Improvement Note*. Contract 714 7,5*0.09 Series No. 9 — Payment of Temporary Improvement Notes, Contract 704 8*1.447/1 " Payment of Temporary Improvement Notes, la. „ terest *10.16 Payment of Temporary Improvement Notsa, Attorney Fee* .' §.94 $91/72.53 Series No. •— Payment of Temporary Improvement Notes. Contract 701 48.944.73 Payment of Temporary Improvement Notes, lnterest 1*7.31 Payment of -Temporary Improvement Notes, Attorney Fees 4.9$ Series No. 4 — Payment of Temporary Improvement Note*. Contract 708 17/47.44 Payment of Temporary Improvement Notes. Interest ; 132.08 No, 6 — Payment of Temporary Improvement Notes, Contract 709 62/94.00 Payment of Temporary Improvement Notea, Interest 114.42 62.414.62 Series No. 4— Payment of Temporary Improvement Notes, Coatract 714. 17.496.44 Payment of Temporary Improvement .Notes. Intereat 181.14 Cash on Hand, Daeamber 11, 192t 24/61.94 till .419. 16 COLLECTOR'S TRUST RECK! ITS AND DISBURSEMENTS RBCE1PT8 Aeaeesment Receivable. Contract No. 657 ; 8146.19 Assessment Receivable, Contract No. 435 94/4 Receivable,. Contract No. 4B1 114.49 Assessment Receivable, Contract No. 47" 447.74 Receivable, Contract No. 680 944.34 Assessment Receivable. Contract No. 6G5 99.44 Receivable, Contract No. 679 29.10 Receivable. Contract No. 629 194/6 Assessment Receivable, Contract No. 70S. .- 1/29.19 Receivable. Contract No. 704 4/4 tAf Receivable, Contract No, 708 9, 896.64 Receivable. Contract No. 709 7.991.44 Receivable, Contract No. 710 9,797/9 Receivable, Contract No. 714 6.991. 6S Receivable. Contract No. 725A . 411.89 Receivable, Contract No. 7*5B.,.* 1I4.M Receivable, Contract No. 716C 178.70 DISBURSEMENTS 897.4U 72 ^ To City Treasurer 837 /96.T2 STATEMENT OF ASSESSMENTS OatatandConlract Outstanding jntf Number Jan.K 1922 Levied Total FaW Remitted 81,19X1 | 402 1*71.64 $276.04 $271.04 ' 601 61.56 61.51 61 66 < 620 609.19 405/9 909/9 1 026 418.96 418.96 418^4 < J» 1,466.66 1,466/4 694/9 941.44 ' JJO 268.34 243/4 161.14 « •J' 833,28 158.21 116.41 *61.31 « <}J 00 34 99.54 99/4 < £3* 666/8 166/8 mjt 641 769.2* 769.16 769/1 647 1,796/0 1.795/0 t, 796,10 JJ5 «L«4 . 654.14 664.54 < J*7 713.01 718.01 149/9 457.7$ ' "J 104,3* 104.11 aStlu ' JJJ HbH 622.1* 19.41 451.89 * 002.49 902.49 901,49 ' 58. 510/2 610. S2 610.51 ' JJJ $20.46 $99.64 9t9.64 : 221 • 7,099.10 447.74 7/H.66 1 liSI? Sf#f tB64» 22 1/J3 35 1,018.16 1 ,083.11 600 409.71 409.75 409.78 ' •J1 *668.16 838.1* 658 16 ' 1.169,70 1,169.79 1 169 79 1 IS 4S.234/1 *,6*1/9 RtITOLR? 1 7ft# 16,415.11 4/49,49 11/43,91 4 70* tl .059.65 21.039.61 *1019 51 ' IfJ ii'Sii'S , 14,311.09 $.396.44 16/10,46 ' '• 4J98.t6 9.T0T/R 400.87 ' 7>Jn 21/82.77 11/8X77 9,991.66 It .901, 19 ' 1JJB 688*8 . 198 *4 166/f Sm! ' 11JC 78V06 7M.M *71.79 *:iJ7 ' l£JA 1.406.10 1 ,406. 10 4*5.39 960. 70 * 7W 62.900.00 6*. 500. 00 7/9X84 614/3 43.892.81 * » ■ aw si ^ ins 1 sa - -lr- rT1-n<1 T „ , ' g • 145,802.06 351.282.42 $201,084.48 857.41*7* $614/3 $161/34.41 1 STATEMENTS OF IMPROVEMENTS IN PROGRRS9 ' „ Oat* tan d • n firmed . tng !w > . . January Ousts 1922 Total IMS R«*e»* Deficit 11, 192* 709 |51/?*.50 3*1/7**4 111*11 M 98*4.39 71$ 1,099.11 91.184.48 2/M 59 9* 581.69 ! ; • 22 688.4* 19.72 608.18 'opx 18 70# ^ 114.00 114 00 1 1X44 i 704 isoro 1*9/0 1*9 64 «JA 1.415/4 1,4*8 54 l/M.tl £t.«4 ' £££" 672 14 672.14 358.m 16,12 • J3C 7BO.OO 790/0 75x06 8.94 1,044/1 1.944/1 1/44 01 H 861361/7 918,711/7 $71,497.04 366/81.4* |849/« RU M 91 6. 1 97 46 S Outaandlng January 1, 197? 933.169.97 . Ex eve* In l^evy over (Vwt*. . 643 48 1 Omu during lit* 18,111*7 Con Arm ed l**f , |l*.ttt.4* ** Deficit (Vntrart 708 114 0# ( Deficit Contract 704 1*9.69 I Deficit Contract 726A 9* *4 8 Outstanding Deeamber *L 19*2 14,797/9 1 . . . ANALYSIS Of TRUST SURPLUS * ~ *** '*** ** •. ^ 9614.55 llaiancr Januarr 1, 10** 119/14.13 fjl-'Vt. . v . 114«88 Interest and Coat, on Sal* dar- T Jeflalt Onn tract 104 l».«0 tng tftt 4 *54.41 ( Vficlt Contract 75* A • . . , . 22.54 lindgv^ Anw A 1 ■ ■ 1 1 1 ■ 1 1 1 u nnft en lalane* DeetmWr 81. ifti 41/34.6* Budget Appr. Note* Con tract «94 9.584/4 " . oTer Oneu. ef 944.894/1 Inapt- 848/8 \ . f hlMlaadtug January r

•0 HfflC If/ C»t f during t'Jii 49741*6 ^ 1* OuUUndkg IWwxUr 11. i>22 , $l9*/8f/9 M , , . . KTATLMKNT Ut A^K.-vWMWfT kt< EIVAJSI.F % 1«2 U2*1.42 J Traaafers to LierM e^. ( Remitted in it, 22 ... txlxk " Collected in Jfi£* v Outstanding lhlC*xnUr 1J, \Vll . ' 44^04 72 . ■ f 94 „ OuUf^tajf ,, 2 to Lay during 102* f.f|( il g Ojfetandifcg December 41. ViiZ v capital ASSRT8 : Cash Janaary 1 Decembcnll 2 Improvcimenui Uorompietid fow'to ,,W{5« - In;pr«^v*menU in 1'rugrcs* ,01 1?f'M Amount u> b* raised by taturm Taxation ttG/94/1 f-'M >84,63 LIABILITIES VM*AU*4 j Term Bonda, General 41*»v/O0/0 $12> g.^a.ae . Term Bond*. Mod ) SS.' T'mi>c/r^ry ^ UIM.4Z MMLM - W^Wrovement NaU. ) Reserve* Appr Dl~Z*~Z j Due Current Aaenunt MM ' CJ/7 ^f/7 CAPITAL I I/O?. 484.24 t ! ASSETS C« h-Treaiurer S Aecounta Rtewieable I Sutton A Conon Co ) UlT* HlH , ; 8ari,,a' <Drftti" m uiZ UAB1I ITtES W* S* WSt» <Contraet 481. A. P. Porter) fl«Z9 I19LS9 Aeeounta Payable (S^ttou A Coraon Co.) 100 S worn t Aerounte Payable (Contract 621, MeCoOoogh A Connor i izii* RECEIPTS AND DISBURSEMENTS ****** ****** " _ . _ RECEIPTS Ca*h on Hand January J. tt22 ...... «s vim aa : Sale of Public Land Bonds . ill 000 00 , Temporary Notea, Contract No. 721 . . 12 740 06 f . Temporary Note*. Contract No. 721 A . 0 67* OO ! i -Temporary Note*. Contract Na 724 . . 38*420 60 , Temporary Note*, Contract No. 724 A . ] 606 66 Temporary Note*. Contract No. 7*4B . 1 Uto'ryj ; Temporary Note*. Contract No. 7H4C . s'fiOdAa Temporary NoUv. Contract No. 724D . 6 460 60 Temporary Note*. Contract No. 712 2 000 60 Temporary Notea. Boardwalk ConctraattoB in** | Temporary Now*. Ordinance No. 179 ... 4/00JM n ^ ^ DISBURSEMENTS 82J1/4--1* ; Payment of Land Bond* . . ... iftg/M/B Lx;>e7]*j and Coet tif Public Land Bond* cgx eg Expen*** of Boardwalk Bond* . . . 194.06 Ordinance No. 179 Public Ileaurt and Recreation Purpoaea 9/9X46 Contract No. 721 .... m Contract No. 723 A . a Contract No. 7*4 16/g) IT Contract No. 724 A ... Contract Ho. 724 B 1 Ml aa Contract No. 726C . . a 12" tk Contract No. 724D . tSSn \ Contract No. 712 . . Boardwalk Construction " ^VT*-n Ca*h on Hand. December 11. 1922 100 614 76 L _ CAFITAL RESERVES ~l>8^ {Sntr^rt Available — | — |-r 1 N.u"[ber for Exp. Expended fceaerve ;|;A ^ $61,744/0 $52,494.12 646 Mb :|JA 0/76.00 s.464.43 It!. 1«,C*4.40 14/49.17 MM 1.900.40 1/9A97 4/8 1/64/0 ' 2.141/9 M4.XI 2/00.00 2,447.78 ** *• I" id" 6.464.00 4/74.77 37*/$ I ' 2/00/4 1/80.00 £0/0 m — : ; 1921 Reaervc 16.104/0 9/94/6 'its/* AMOUNT TO BE RAISED BY FUTURE TAXATION ? ' Balance. January l. 1922 laetaaiai Add Kx pence Bond banc M M M M M - ■ ■ . Deduct Appropriation*: HM.tltJB Temporary Loan Bond* 64/16/2 ^ U/lUtt 10'2S&-7* J r „ IMPROVEMENTS IN PROGRESS $804/14^$ 1 Improeetnent 19*2 44. M j Add Coata Reeerre. 1921 s5oS — i — ♦tai Current Budget Appr. Retiring Serial Bonds 1 Funding, 1915 it am a* ' Funding. 1917 . . .MM".*.' . . MM M. M . . ' 1/00 00 General Improvement, mo _ * 000/0 Paving. .1921 Boardwalk and Coatt Protection. 1911 . . . 5 000 00 Current Budget Appr. A***asm*ou Bond* and Notaa fii uin Seriea No. 1 , . . . . «« m>. m Seriw No. * ,Z!o Seriaa Na 9 rJJt S Series No. ■ aan u Funding. 1917 Note*. Contract No, 694 9/84.64 Current Budget Appr. ConUruront ***+ Funding. 1917 tSXlf Current Budget Appropriation Temporary BeoAr.ML.M M . M " $4/16/9 Payment Temporary I/nd Bond* . $4.114/2 STATEMENT OP INDEBTEDNESS 'CmrxtM 1 . . w . Outstanding Paid Issued Outstanding Term Ilondx- Ue Alnf5unt Jan. 1. 1922 1«5 3522 Dee. *1. 1*5 St. and Fire 1902 $81,000.66 1932 Fire Appar, 1908 6.000.00 1923 Refunding 1911 46.000.00 * 1041 City Bond* 1912 6,060.00 1*4* City Bond* 101* 6/00.00 1942 Fire Appar. 1911 10.000.00 193S Fan ding 19U 181.000.00 1944 Funding 1014 27.000.00 1944 Beach ProL 1915 7.600.00 1946 J?!! «<£«»•«> >0« 07$/OO.6O 371,104/0 Temp Bond* 191* ]«t/16.4* lttl 14L8U/2 41/1X4* 09 MAM Serial Bonds : Funding 1916 87.000/0 1916 to 1944 *>»*« HIT Genera) Imp. 1919 00.000.06 1020 to 1937 IneL $2,000 " 46.000.00 2.000.00 54 H4M 1918 to 1946 ' . . 1«*L $3,000 Paving l»Jl 78.000.00 1922 tn 19*8 Inri $4,000 78,999.94 4.040.00 T 4.904/4 ^ „ 19*9 to 1940 Boardwalk and Coast Prpt. 19*1 97/04.90 192* to 1956 Incl. $5,000 87.000.00 $.904.94 82.900.94 Inel. 96,000 1996 to 1917 - IneL 88.990 , , . , _ 1908 IncL $4,990 ^Public IfM 191.060.90 1921 to 1926 IneL 84.990 Trmpormrr Kot«a; W •825SrN^ raMt* M~M ^»2S Contract Na 721 A « «7S So i tnj* Contract Na 724 16 4-mS ,ImJ Con tract Na 724 A S 800 4C tStt Contract Na 724B Mxoom iSaS Contract No. 72 4 C « Woo * nana Contract Na 72 4 D 1 460 oe \ *aa S Contract Na 732 « (wy-i u yWh Boardwalk CoMtruetkw 414/9 41429 Currwt . 88*4.028.74 |S$.f28.74 HI 499 » 1.WT.4IUI Tax Revenue Notea, 1**4 8*1.000 00 $18 146 90 fcl« S»a#e Revenue Note.. 1910 IlSoLm Tax Title Note* $8,999.99 14^9.40 7,006.00 NJN.fl Tax Revenue Notea. IMi 41.000.60 46.699.90 $.404.44 16/49.94 Revenue Nate*. 1922 700 90 91 TNI — 1922 Emergency Ntxsa, Storm j 7» » 2.729/0 Emergency Note*, Drainage 1.832.1$ l,*2.tl . 1140,4*6.00 164.4*4.90 110.281.tt 155.2$L9| 1 r UMa • Nrie*. Contract Na 094 8M84.94 83/94.04 Notea, Contract No, 701 48/44.78 *8,944.7) Notm. Contract Na 744 ftl.447.5) 21.447,29 Now*. Coturaet Na TOO 17/47.94 17J4T/4 Ten>j«orary Notes. Contract Na 769 $2,500.00 $2,190.94 Note*. Contract Na 710 7.713.36 f.lllLtf 1 «M.i4 Temporary Notaa. Contract Na 71* 1560.90 * 494.M Notes. Contract Na 714 *4.750.06 24,750 *0 Notea. Contract Na 712 694.00 *$&/# Tetn^rary Notes. Contract Na TtIA 1 *#990 1 •** k* Temporary Notea. Contract Na 72* B Ww xaaa* Notre. Contract Na 725C , Note*. Contract N»v 716 11946 60 11 duAO* Temporar> Note*. Contract Ord. 117 t'lte'oc YtSS Aeemrment Honda, Sevtra Na \ 1921 S6.012.66 192* 53.56AM 1640 06 ihimm Avamfment R.md*. Serim No 2 ' W «.•••» Cont. 764 192* 21/47/8 i*t« 8.417.99 81.44T99 1*669/4 A*aee*ment Bond*. Series Na B W IMWM Aw-nw, r mS W W Cent. 799 IM- 52/06.96 19*7 ugjv »|mm 4iaMM Aaam*ment RonA.- Seriet Na 6 o. ov 41 06AM Cont. 714 1951 17/60.09 19H 17.466 99 St.fORM rhw '* "•-» ' ,ABlLiTm nninui RECtarrs Avn^mspi ksicmevtr SINKING FUN^COMMISSICN on Iliad. JlPttary ). 1921 ^ p,»u Paid fvnd Revenues M . M M'^"2 RequlramaM S|B| a " ■■ " 1 Hi . _ . ^ DISBURSEMENTS ******** Pnrekaeed 1 1 awi ^ C*h on Hand. Deeembev \9*f M ^iaSft iw ... #S3SUi>pSSSj6' Pledged Gv nft* ruL« Arfv i - .VTTV. 8«f7»7Ta.89 $llA6*7Jft. -^5