: r - . . - . . . 1 • • \. • - . * " „ OCEAN CITY SENTINEL, THURSDAY, DECEMBER 13, 1923 ELEVEN . ■ ' ■ 1 ~ ■ ii i

(Continued from Page 10) provide any appropriation. It thnt they simply nlat* that sufficient fuudhull U- appropriated lor i»ny certain improvement but make no mention a* to the amount nrcrarary for the improvement. ThU U not in accordaiuc with the statute-, a* It U the intention that a proper and sufficient appropriation shall be provided ia' fore any contract U irt or any work undertaken and I fail to uv how u auppliwnentai • leM statement required under section IS of the Bond Act could be prepared under the aUive circumstance*. » . A» a mult of the failure of the ordinance to provide any appropriation it o iuii>u**ihlr to determine the liability of the city for any improvement which may be uncompleted except through thr medium of actual contract liability. In other word*, there I* no limitation a* »u the amount of money that catpebe expended ujn/n an improvement authorised by ordinance if supplemental or auiditiunai vontrkcL are entered into front time to time, whereat, if an appropriation i*. provided in the ordinance, 7 the total liability of the city i* definitely and arbitrarily fixfd immediately upon the , i.M»«ag* of the ordinance. It »» noted ttiHt the city ha* done soma very cxocdlvnt work in connection with tl.r eatabli*hinie of all tax title lien* which are now in »uch condition that the amount of outstanding lien* can he determined very rapidly. 'Ute raaUlt in this ii»ntttctk»n materially decrease* the amount of time nrcrasury to complete thl* audit .»nd will be reflected in a Iwm tied cost on thi* tu well u> in all kubatgurnt audit*. It wa* al*o noted that the b,H>ks of the treasurer wrrA in excellent condition and h to be congratulated on the efficiency of the records maintained and the city! tw conprntulnled on the excellent service which they are receiving. , uinciidntion* : That U lUt of taxes remitted and taxes added for each year be act up in thw unused panes in the back of the duplicate for the year. That all official* and employees who may be entrusted with thr receipt or expenditure of city fund* U* properly bonded a * required by statute. That no lunds be expended in the absence of prdper appropriation* and that moneys be mrrvrd as of December 31 of eKBTTciftr to cover any authnriiuri expenditure*(>f that year which have not yet been paid. That appropriation b* made in the, next succeeding budget to covfr the following! deferred assets: Overexpcnditurr of Appropriations, 1921 $2,067.66 Ovcrexpenditure of Appropriations 1922 345.41 Deficit Unexpended lialunce* Account, 1922 234.44 That all fees collected by the building nnd plumbinie imps*- tor* be turned over to the city treasurer and that these individuals receive their compensation through the medium of an appropriation in the budget al such figure a* may be fixed by ordinance. Thnl all future ordinances which necessitate the expenditure of funds be provided with a definite appropriation clause in order that the statutory, provision which requires the filing of a supplemental debt statement if needed may be complied ' with prior to the passage of any ordinance and also in order that the section of the Bond Act which provides that "such ordinance * * * shall state the purpose or pu'rimsra to which the I money to be raised thereby is to be applied and the amount of money necessary to Ik- 1 lalwd therefor," be compiled with.

* That all supplies such as coal, gasoline, gravel, etc.. he advertised for In the manner prescribed by statute and the contract therefor be let to the lownrt bidder in the manner prescribed by Article XI of Chapter 152. P. L. 1017, sections I and 2 of which read a* follows: 1. "No municipality shall enter into any contract for the doing of any work or for the furnishing of any materials, supplies or labor, the hiring of teams or vehicle*, where the sum to be expended exceeds the sum of flvo hundred dollars, unless the governing body shall first publicly advartise for bids therefor, and shall award the said contract for the doing of said work or the furnishing of such materials, supplim or labor to the lowutt responsible bidder; provided, this section shall nul prevent any municipality having any work done by its own employers." 2. "Kvery governing body shall, at Intervals to br fixed by It. aolicit propoeul* by public advertisements, for the furnishing of all materials or supplies usually required by it. or any department under lu control, anil shall award a contract therefor to the lowest rraiainsibic bidder." Certification : I hereby certify that lb* above report is a true and cor/Cct report of the financial accounts of the City of Ocean City. County of Cape Mayy"a» obtained from tha U»ok» and paper* of the City presented to the auditor, supofamented by persona! inquiry and Investigation, and I believe it to be n true report of the financial condition of the City. . ( I wish to express my appreciation of the audstahcc and eourtralra rendered by she City official* during the course of the audit. V Youre very trulyA Walter n. dakuv. Commissioner of Municipal Accounts. Trenton. V J.. November 1. 1923. BALANCE HHEKTtt CURRENT ASSETS * CURRENT LIABILITIES _ J"n- ' Dec. 31 » Jm. i fw. ;n Casn--Trea*urer ....t36.K49.41 342.900. 40 Overpayment • KlecTaxra Prior to 1906.. 1.112.46 1.098.42 trkaU Inspector 81. V0 SLA0 779.61 738.91 Tax Revenue Notes - " 190« 527.98 465.18 1922 91.700.90 ISA" 456.73 40K. 97 Tax Revenue Notes - " 19UH 39S.B7 351.08 1919 11,400.00 " 1909 533.19 450.53 Tax Revenue Note* - 1910 558.85 472.77 1920 35,000.00 16.i00.00 " 1911 316.46 240.14 Tax Revenue Notes— 1912 470.40 338.80 1921 G5.000.00 10.000.00 1913 905.67 327.97 Emergency Note* 4.681.85 1914 1.310.31 605.88 Tax Title Notes 38.050.00 30.600.00 1915 2,616.16 656.61 Riwivr (Appropria- " 1916 2.982.09 697.68 tionl 2.005.39 1.128.13! 1917 4,394.59 1.362.65 Surplus Revrntieev... . 45,854.02 67.128.75 1 1918 4.379.44 1,201.83 - • ; * I " 1919 4.880.50 1. 398.23 1197.400.41 1223.930.58! 1920 12.937.15 3.370.40 1921 63.043.76 3,467.96 " 1922 74.006.99 Tax Title Liens 66.699.76 81.330.37

Oxerexpenditure Appropriation*. 1921.. 2.067.65 2.067.65 -7 County Clerk's Office 117.07 131.72 Health Officer 6.00 20.60 Poller Justice 94.64 39 96 City Clerk 1.00 61.00 lx*n — Capital Account 61.87 61.87 Ovrrexpendlture Appropriations. 1922.. 346.44 Electrical Inspector. . . 7.00 Revenues for Emergency Purpose*.... 4.681.65 T • Rank Stock Tax 726.66 I»efielt Unexpended Balance Account, 1022 234.44 1197,400.41 1223.939.63 CURRENT RBVENUR Anticipated c , . , , _ Budget Actual Excess Deficit Surplus Revenues Appropriated $16,000.00 $15,000.00 Mi*rellaneoo» Revenue* Anticipated : .Franchise Tax 7,200.00 1 6.389.99 $9,189.99 iXtws Receipl Tax 6.600.00 9,796.91 3.896.91 Inkcrast and Cwta on Taxra 3,000.00 10,992.60 7,992.60 Poll -Taxes 400.00 1J60.00 1.180.00 Interest and Costs on Assessments 850.00 8.493.39 3,148.19 Police Court Fines 160.00 376.12 225.32 Other Licenses 960.00 1.129.00 579.00 Electrical Inspection Fees 600.00 2.009.00 1.609.00 u. It „ ...... V9.0L0M $46,145.21 $27,095.21 Mucellaneoua Revenues Anticipated: Refund Telephone Calls 846.83 Miscellaneous Sale* 25.00 Overpayment Refunded 88.16 Comfort Station 380.90 Kent or Post Office Sub Station 260.08 Refund Intercut— Ocean City Elec. R. R. ^Co. 86.76 Premium on Public f .and Bonds ........ 2.526.00 Accrued Interest on Public Land Bonds. . 2,260.00 Dog Licenses 29.04 Searches 181.10 Health— Tlureau Fee* 61.60 Amount to he raised by taxes $345,218.54 $346,110.87 $*91.83 Revenues for Emergency Purposes: Storm E'.penses 2,729.60 Drainage Expense* ,.f ; 1.862.16 J4.SV1.65 RECAPITULATION Surplus Revenue Appropriated $16,000.00 Miscellaneous Revenue* Anticipated 37.096 .21 Miscellaneous Revenues Not Anticipated 6,935.08 Additional Tax Revenues ; 891.18 CURRENT EXPENDITURES UncxApproprlated Transferred" Vended Budget Tb From Expended Reserved Balance! Street* $30,600.00 $3,995.80 133,924.73 $416.12 $166.01 Contingent Expense* 7,160,00 6.820.68 361.90 "32.4C RKlaria* 14,500.00 108.26 14,808.21 Police A Life Guards 26.600.00 6.6K4.03 32,068.13 2(L80 Kire Department.... 17,600.00 701.62 1,800.00 18,817.63 23.90 C0.J9 Fire Apparatus 6.000.00 20.00 6,980.00 City" Hall C.500.00 162.70 700.00 6,703.34 232.81 ' 226.74 Health Bureau 1,000.00 240.26 1,240.26 8.0A *$.00 Garbage Collections. 8.350,00 168.00 K.184.0A Rubbish Collections.. 6,376.00 14.00 5,300.0V 00.92 Repair* to Boardwalk and Pavilion * C.000.00 429.04 6.247.32 274.79 •02.98 Public Comfort Station 3,000.00 80.80 2,969.62 100.87! Printing 1,800.00 877.7.M 2,677.73 Advertising 6.800.00 648.69 6,081.61 12.00 •IS.O# Light 25.600.00 2.632.85 2.262.00 24,070.86 Drainage 2.000.00 1,946.09 61.99 .92 Water 4.800.00 1.200.00 5.790.00 200.06 ^OO-flO M lisle 5,&W>.0<» 97.28 6,401.T2 Wharvr* l.OOO.fm 1,000.00 Public Library 700.00 700.00 Interval on Tern. Loan* 8,500.00 447.09 2,832.86 6.114.24 IntrriM on Bonds... 44.161.76 304.80 43, 110.98 Interest on AmA»raent Bonds 11,660.00 2,881.42 8,778.68 Retiring Her la I Bonds 16.600.00 16.600.00 Retiring Assessment Bonds and Note*.. 19.600.00 964.37 18,646.63 Retiring Tst Title Notes 2,600.00 2,800.09 Abatement of Tsxw. 600.00 600.0ft Discount allowed on Praparm't of Taxes 3,000.00 608.48 8,603.41 Sinking Fltnd $7J67..16 $7,667.16 Exccas of 3% Temp. Bond Issue 4.316.42 4,116,42 Improvement of Camp Ground 38,600.00 1.610.96 $6,839.06 $333,669.64 $17,438.46 $17,488.46 $831,860.80 Public School* 46.600.00 48.900.00 Storm Expense £.729.60 2,729.50 Drainage Expense . 1.862.16 1.862.16 $383,861.19 $38*4,041.96 $1,628.13 8626.66 •141.44 RECAPITULATION Appropriation*. Budget $379, 269. 64 Appropriations, Emergency 4,581.66 . $313, 361,19 Overexpendlturea 346.44 $184, 196.(2 Reservwl $1,628.18 DUhiirsrd 883,041.96 Unexpended Balance* 626.66 $881,196.68 UNPAID RILLS AS AT DKCKMtlRR SI, 1912 Voucher Total Contln- Olty AdvarJJ,mber ^Amount gent Hall B»iardwalk Fire Health Streets Water tiring 20 4,00 4, Of M 81. IH 3IJ8 L- '40 74,46 41 46 30.00 M rbfi4t 104.46 44.46 60.00 19042 90,00 90,00 10279 97.10 94.70 2.40 19281 14.00 6.00 8 00 19288 260.00 260 Oft 1£$I4 80.74 *0.74 19116 200.00 260.96 10841 12.00 12.06 19868 tfl.OQ 91.00 19016 63.60 68.60 19046 10,47 10.47 16896 |86,6« 3L»# 168.11 10404 289.40 238.40 . "i7J7MS Mfli.M raa.« im'To* $t $'.90 is oo' iuiiV noo.oo tfui UNEXPENDED BAI.ANCB ACCOUNT I axe* Rrfnittrd .$1.7 lilt Additional Tki JUvwUtim. 1891. ll Uaaipgndad Palate* A*6L 614.98 • 1.783,33 Balane# December 31, 1929. 914-44 f I 76« $• surplus revenue account Surplus R*ven ue Appr. ,116,006.00 Ratatne* January 1. 1922 .... .. $48, 184.92 . ■ ~\''s 1 * - 4 '

Balance December SI. 1922.. . 67.128.76 E grass Miw. Jtovrnuv £7,096.21 — Misc. Revenue* Nut Anticipated. . 6 ,915. Of $82,128.75 Other tfurplu* Revenue 744,44 Budget Appr. Tax Title Note. 2,600.00 1*2,121.75 I DETAIL OF OTIIKK HfKl'l.l S REVENUE laxe» add for the year 1916 .. $19.80 ■ Taxe* addid fur Oa* year I9J9 02 liilvn-t and i?usts Tax Title l.i«n- ... 724,62 $744.44 TAXES REMITTED r«»r the year '5«ir,.. $19.90 Fur thv year 1921 .................... S$.40 J Fur thr year 1922. .... , 1,699.12 ti.uz.h CTRRKNT HKCKIPTK AND DISBCKHEMENTH _ 4 ... RKCEI1TH t «»h un lluitd, January 1. 1922.. . . .. . $36,849.41 E- W. Burleigh, CulltMlur 63l!5ov.2M Harry A. Morri*. City Clerk.*. 4,886.49 lYh'phorie Calls (Refund » .. . 84.33 ' Emergency Storm Note 2,729.60 Emergency Drainage Note, I.H62.16 Tux Anticix>atii>n Notes. 1922. 60,000 00 'Tax Rcvcuuc Nutes. 1922 9K.700 00 Tux Title Not« 7,000.00 City Clerk, Refund Ofwration Orcan City Jt. It. Retirement of Kmergrncy Note 4.100.00 I City Clerk, Refund Operation Ocran City H. H. Interest on • Emergency Note 86,70 1922 Emergency N\te Operation Ocran City Eke. R. k 4,100.00 ! Premium on Land Bunds Sold 2.626.00 i Accrued Interest on ihtnd Bond 2,26o!oO [ Discount .op Prepay menf «f Thxe*..: 3,608.4* $752,179.41 DISBURSEMENTS Strcriv ... $33,924.73 Contingent Exi>cnsew 6.820.56 Salaries 14)608.26 Police and Life Guard* 32,063.13 Fire Department 16 617 63 r r Ap,®lir<lMk 6)980)00 City Hail 6.703.64 Bureau % 1,240.26 ^ ■ Curltage Collection 8 184 00 Rubbish Collections 6*30o!o8 i^Aitkuivsi * /. IE.>. M.I n. i a ■ .tar . a «...

c and Pavilion 6,247.82 I ublic Comfort Station 2,959.52 r KrAlnii^. 2.677.78 Advertising 6.051.31 y*1?1 24,070.85 Drainage 6L99 SfKfr 5.790.00 }}u- f VA I 6.402.72 i ublic Library * 700.00 Interest on Temiurary Loan* 6,114)24 Int«ire*t on Bond* 43,856.96 Interest on Awssusmcnt Bond- . . . * 0,778.68 Retiring Bond* Payable .16.6o0.0o Retiring Aiwc»sincnt Bonds uud Nut«-» 18,646.63 Retiring Tax Title Notes 2.690. 0u Discount Pr< im> nieut of TliXea . B)6OiL40 Sinking Fund 7J67.36 Payment or Excess *« Tvmt*»rary Bond Issue 4,115)42 Improvement of Camp Ground 86,889.05 Local School Tax 45.600.00 I oymcnt to Ocean City Electric Tt. R 4,109.00 1022 Emergency Storm Exiwnae 2,739.50 1922 Emergency Drainage Extwrise 1,862.16 1921 Account* Payable 2.095.39 Advances to County Clsrk 14.66 County Taxtit 116.172.44 State School Tax 31.867.73 State Road Tax U, 859 .96 Soldier* Bonus Tax 2.245.70 State Bridge and Tunnel Tax 3,141.19 i Tax Anticipation Note*. 60.000.00 Tux Revenue Notra, 1921 60)000.0u Tax Revenue Not». 1920.... IK.600.00 Tax Revenue Notra. 1919 11.400.00 1922 Emergency Nuts Operation Ocean City R. R. Eire 4. 100. 00 Tax Title Not** 12.050.00 Cash on Hand. December 31, 1922 42 900 40 $762,179.41 L.. CIJY TREASURER— CASH RECONCILIATION AS AT DECEMBER 31, 1922 hirst National Ilank. Ocean City $76,770.60 Ocean City Title £ Trust Co.. Ocean City.... 28,874.06 Cash Not Deposited 101,621.25 r. . . k , $206,666.11 Outstandim: Check* 37,889.11 i .. . . ... $167,777.00 I Nomtier Amount Number Amount Number Amount I Prior to 19 16 $9.34 18770 $37.80 18797 $216.89 9434 5.00 IM771 6.60 18799 42J0 •451 2.00 18773 fiS.OK 18800 1,648.00 *284 h.00 1K774 126.00 18803 3.384.64 J®$i2 1.76 187*5 S.7f. 18804 8,824.44

19.64 1.76 10776 c.00 1K805 13.000.00 ''la' 4.65 18777 (0.00 18806 1,704.28 IJ246 6.30 18778 38.00 1 8007 ' 140.00 1.365 2.60 18779 12.00 I'a"* - 3.96 18780 430.00 $37,889.11 17683 3.86 18781 384.00 1(636 60.00 18782 148.00 18717 100.00 18783 5.00 18727 100.00 18785 3,737.34 1S"4 4 75.00 18786 109.75 1876K 2.00 18787 422.00 18759 12.60 1878S 81.26 18760 56.00 10789 22.00 18761 211.19 18790 256.80 18762 8.00 1 8791 14.70 18762 6.30 18792 62.12 187C& 4.06 18793 1.640.72 18767 60.00 1 8794. 128.25 18760 182.00 18796 11.00 18769 132.75 18796 183.60 Required Cosh Balance— Current $42,900.40 Required Cash Balance— Trust 24J61.90 Required Cash Ba I anoe - Capital 100,614.70 $167,777.00 RECEIPTS AND DISBURSEMENTS OF POUCE JUSTICE BKCBIPT8 Balance on Deposit January 1, 1922 $67.86 | Balance on Hand 26.79 I Flnas Collected 490.71 $691.35 DISBURSEMENTS | Paid City Clark $430.00 i Paid Motor Vahida Department nt Trenton 92.60 Polio* Chief 26.00 Slnnickaon and Chew s.R9 Cash on Deposit December 31, 1P22 30.96 $691.36 RECEIPTS AND DISBURSEMENTS OP RLECTRICAL DEPARTMENT RECEIPTS Electrical ln*peation and PermR Fees $2,009.00 DISBURSEMENTS Paid to Chjr Clerk $2,002.00 Due from Inspector 7.00 RECEIPTS AND DISBURSEMENTS OF HEALTH 0FP1CRR |2,WW'00 RECEIPTS Cash ou Hand, January 1. 1022 $6.00 Marriage License Fee* 42.00 ; Health Fee* 19.50 x $66.60 DISBURSEMENTS Paid to City Clerk 1922 Jeea and licenses $44.00 PaW to City Clerk 1921 few and lkenaea £.00 i Caah on Hand, December 31, 1922 20.60 » $66.60 CURRENT RECEIPTS AND DISBURSEMENTS OF CITY CLERK RECEIPTS C^*h on Hand. January 1, 1923 $46.00 Received from Electrical Inspector 2.002.00 Health Office 46.00 Mercantile License* 829.00 Official Lien Searcher 181.10 ■ Hack Licenses 606.00 Gunning Licenses 097.40 Registration Of Doge 88.00 Police Justioe 480.00 Automatic Ixicke at Comfort Station 418,00 Automatic ToweU Ssrviea. Comfort Station 11.75 Refund from Ocean City Printing Co 63.15 Sale of Old Motorayole. 26.00 Refund Operation of Ocean City Klec. R. R 4.186.76 Salary. Post Office Sub-Station 260.00 Spoclnl Lioensw, Horse Hire 95.0* Special l.icensw*. Bus 100.09 $9,819.16 DISBURSEMENTS ; To City Treasurer $9,071.26 County. Clerk. Cunning Licences . 642.60 Service Utilities Co......... 60.65 City Clerk (Commission os Gunning I. Icen*es) 36.10 City Clerk ( Commission on Dog Licensee) 3.96 •Cash on Hand, December fcl, 1022 116.80 $9,819.16 Mine County Clerk $18.90 Due Cunning License $19.00 Due City Clerk 1.89 Current $1.00 Special Deposit 41.00 Trust 46.00 Cash Not Deposited 26.84 - ■ . — Bank l»eposlt 24.16 $116.90 $116.80 STATEMENT OF AMOUNT COLLECTED AT COMFORT STATION— CITY CLERK Received from Automatic Lock* $419.00 Received from Automatic Towels v 12,75 $480.76 Paid part of Collection to Service Utilities Co. for use of Automatic Service 60.56 Amount Paid City Treasurer $380.20 OCEAN CITY'B ACCOUNT WITH COUNTY CLERK RECEIPTS llalaure nn Hand, January 1, 1922, $117.07 | Advancements 1 300 00 $1,417.07 DISBURSEMENTS Charg«H to Account $1,385.85 Balance on Hand, December 31, 1922 181.72 - ™ $1,417.07 CURRRNT RKCRIPTR AND DISBURSEMENTS— CITY COLLECTOR RECEIPTS Tnxw 1922 $412,903.64 ; J JJ* 64.tUtK.4S 1920 9,666.76 ! >' 3,462.29 ' J® - $.177.61 ]®J7 1,031.04 ' ■ 3.184.41 1010 1,959.64 " JIM 804.48 1913 6*7.90 .I !®J? 101.60 1®U 76.32 * 1®I® 86.08 " 10®» 82.60 1008 47.79 ;; !KI 47.76 •j; 9# 1906 46.60 Prior Year* 14.0* Groat Receipt* Tax 1922 9,795.91 ■ • . '. 7M.il ; FranehUa Tax 1022..,,,,,,, I6J»4.6> Interwit and Coat on Taxes 10,991.60 Interest and fori on Aesseemeate. f $.498.39 — $134,609.29 DISmtRRHMRNTH To WtF Tmmrtt $634,506.29 STATEMENT OF TAXES Trap*fet Outstanding Outstanding Remitted to Tax Dec. 11, Jan. I.IOIt Added Total Paid 1992 wfi Title Urn* 1922 ! Tang Prior to 1906 $1.1 12.46 $1,113.46 $1494 r $t.098.4t 1196 779 61 770.51 40.90 721.91 1000 627.01 $81,09 12,62 468,16 I 190? 466.71 4&6.7I 47,76 4*8,91 1901 89611 109.87 47.70 i $6L9« 1 !!?! "■!» 9®$19 6896 429 J« 1910 *166 981.9ft 96,90 ftTltt I 1*11 819 4$ 116.49 76.22 V40 J4 " V

1 191$ 470.40 479.46 |$J. 60 6 1913 005.97 006.57 677.40. VV f HU6 1JI0.SI 1,810.3) h04 4* 665-K# 0 1916 2.616.16 10.KO 2^16.^6 1.059.6 1 10 tw 696.61 1015 2.0K2 O0 i. $92419 2.2*4 4 J <(074* '■> I®17 4.104.60 i.VHJt'J 3.6$ t "i 146246 101" 4.370 44 4 J70-44 3.177.61 . |J01.*3 0 ! 1*10 4,6'l0.60 tfZ 4.»«0 r>3 3.4*2 If • YJ&r.ti ? 1*20 12.V37. 15 12.947,15 04 66.76 " 3 370.4'/ - 63442-76 63.043.76 54.8Wi.41 3340 4M4-V* %AVlM1 $102,504.01 $10.92 #:02V/Z8.K3 $004?2.67 $53 JO $4>6« 07 I ' STATEMENT OF FRANCHISE TAX DISCOUNT ALU>WEU ON PREPAY" ii I®" lift,*-*"* MEET OF T A X h>. ' f Collected in 1022... $16,324.5* FrnochJe* Taxiw $65.45 1 } DUeotwt Alkwed, . (5.46 1022 Ta 10 3,443.02 1 . j V II64S0.V5 STATEMENT OF GROHH Total 6X50» 4' , RECEIPT TAX STATEMENT OF TAX TITLE UBS* I ff/J*}2.' $0,795.01 Ouutand/ng January \. 19X2... $56,690.76 I Collected in 1022 $9.705 01 frsnrieo from 1021 Tax« 4.664.07 I , BANK HTOCK TAX Transfers from 1022 Taxes. .... 10,241. fl Levy 1022 . $1,463.30 Ir.t-revt and C^t., an Tax i>*lr. 724.62 | Collected in 1022... $726,65 Outstanding Dec. 31. Balance DecemLer 31. 1022 IS1J30 37 10*2 726.65 # $1,453,30 DUPLICATE FOR 1022 Property, Real and Personal $501,797.02 .Second Class K. R, Tas . . . , . 7 k2£ t7 p „ ^ 1 )— $600434 56 , PoH 1 A60.0C i ^ .. Total Duplicate $611,194^0 { I Collected in J922 1412,603 54 Remitted in 1922 * )....)...)).) 1600 12 Discount Allowed in 1022 3)442)02 Transfers to Tax Title Liens 10,241.92 Outstanding December 31, 1022 74406-00 # — $511,154-50 ^ _ ANALYSIS OF PROPERTY TAX ! $500.63440 Bank Stock Tax 1>4$J0 o. . b a -T. • — $61149749 State Road 311850 96 Stat* School Tax .-))...; *%&%! 136,172.44 Soldiers Bonus Tax 2J45.70 State Bridge and Tunnel Tax 3J41.19

- t ' , $164,977.02 for Ixwal Municipal Purpose* 346,110.87 $511437.89 TRUST BALANCE SHEETS ASSETS _ . _ January 1 December 1 - C*»h— Treasurer 619J»96.6» 12446100 Caah— City Clerk. Street Opening « 09 45 00 Aaaowment Haoelvablr 113.207.63 60.79ft)72 Aa»«a*«eot Um» 32.404.43 102JS7.69 Aaaeaameot Lien Interest 3.613.78 9,906.39 impruvrtnenU In rrogr**--, 6146347 IC.797.4C $322,810.(0 $2)4,136.06 LIABILITIES Temporary Improvement Kot» $177.057.ftl $£1,670.00 Aaensment Bond* 25,500.00 148,467.64 Reserve (Ocean City Gas Light Co.. Street Opening 1 ' 46.00 ' 45 00 Burplu* 39416.7$ 42.95442 8212419-59 $214.136 06 TREASURER'S TRUST RECEIPTS AND DISBUR8U6BNTS _ . „ , . RECEIPTS Caah on January I. 1922 $19 095 68 E. W. Burleigh. Collector HI ! I .'1 IT 1 1 ) ) ) ! ) ) ) ') I ) ) ) ! SaU.U Temporary Improvement Note* Contract 718 $1,500.00 Temporary Improvement Nut™ Contract ft$A 1.450.0O Temporary Improvement Note* Contract 72511 590.00 Temporary Improvement Note* Contract 725C 780.00 Temporary Improvement Note* Contract 730 11440.00 Temporary Improvement Notra Ordinance 137 3.160.00 _ 1*420.60 Cont. 764 Assessment Bonds Series No. 2, Principal $21,447.30 Assessment Bonds. Premium 107.24 Ai > tin men t Bonds, Accrued Interevt 117.95 Cont. <03 Aasrasment Bonds Series No. I, Principal $48444.78 Assessment Bonds Series No. 8, Premium 244.72 Assessment' Bonds Series No. 3. Accrued Interest £69.19 Cont. 70$ Assessment Bonds Series No. 4. Principal $17467.64 Assessment Bonds Series No. 4. Accrued Interest 18248 Cont. 709 Assessment Bonds Series No. 5. Principal $52400.00 Assessment Bonds Series No. 6. Premium (45 Assessment Bonds Series No. 5. Accrued Interest 109.37 .. ■ 52 614 €2 Cont. 714 Assemment Bonds Series No. 6. Principal 17.400.00 Assessment Bond* Series No. 6, Accrued Interrat .... 1$1 44 17481.24

S 1235.020.15 I „ DISBURSEMENTS . Payment of Assessment Bonds Series No. 2 $7,447.39 . Payment of Assessment Bonds Serira No. * 7,9447s , Payment of Assessment Bonds Series No. 5 4400.00 Improvement, Contract No. 703 11400 ' Improvement. Contract No. 704 129.60 Improvement, Contract No. 71$ 1.284.4* Improvement, Contract No. 722 i§.7£ Improvement. Contract No. 725 A 1.426.34 Improvement, Contract No. 72511., 572.14 Improvement. Contract No. 725C 780.00 Improvement, Contract No. 730 10.76l.6M Improvement. Contract Ordinance No. 137 3.044.01 Temporary Improvement Notra. Contract 710 6.313.36 Temporary Improvement Note*. Contract .714 7,350.00 Series No. 2 — Payment of Temporary Improvement Notra. Contract 704 %... . $21,447.39 Payment of Temporary Improvement Notra. In- „ terrat 219.15 Payment of Temporary Improvement Notra. Attorney Fee* ; 6.01 Series No. 3— Payment of Temporary Improvement Notes, Contract 703 48,94478 Payment of Temporary Improvement Notra. In- « ler**t "'J. : 507.81 Payment of Temporary Improvement Note*. Attorney Fees 6.9$ . . . - .... 49,458.69 Serira No. 4— of Temporary Improvement Notra, Contract 708 . 17467.64 Payment of Temporary Improvement Notra, Interrat i9$.98 17.750.62 I Serira No. I — Payment of Temporary Improvement Notra, Cootract 709. 62400.00 Payment of Temporary Improvement Notra. Intarrat *114.62 52.614.62 Series No. 6— Payment of Temporary Improvement Notra. Coatract 714 17,400.90 Payment of Temporary Improvement Notes. la161.24 „ ^ 17.561.14 on Hand. December 81. 1922 24,261.90 $215,089.15 COLLECTOR'S TRUST RECEIPTS AND DISBURSEMENTS RECEIPTS AMraament Receivable. Contract N<r. 657 $160.80 Assessment Receivable, Contract No. 635 09.34 Amassment Receivable, Contract No. 631 136.40 Assessment Receivable. Contract No. 677 441,74 Assessment Receivable, Contract No. 680 . 263.84 Aasesament Receivable. Contract No. 665 $0.66 Assessment Receivable, Contract No. 679.,,.... 20.30 Assessment Receivable, Contract No. 629 $94X0 Assessment Receivable, Contract No. 703 5429.29 Assessment Receivable, Contract No. 704 4.563.40 Assessment Receivable. Contract No. 708 3.995.64 Assessment Receivable. Contract No. 709 7.092.84 Assessment Receivable. Contract No. 710 3.797,36 Assessment Receivable, Contract No. 714 1,90148 Assessment Receivable. Contract No. «25A.^ 4*5.80 Assessment Receivable. Contract No. 725B 168.82 Assessment Receivable, Contract No. 725C 272.79 r — $37,435.72 DISBURSEMENTS ¥ To City Treasurer $37,425.72 STATEMENT OF ASSESSMENTS A OutstandContract Outstanding fog Deo. Number Jan. 1, 1922 levied Total Paid Remitted 31, 1923 iSr 227x06 $tr».o6 601 51.65 6145 51.55 .630 609.89 609.39 60949 625 438,96 488.96 498.96 1,455.66 1,456,66 694.20 961.46 680 363.84 263.34 263.34 gj 388.23 136.19 25143 68$ 99.14 99.31 09.5s 639 355.38 355.38 355.38 643 « 69.25 769,25 76945 III 1,795.30 1,705.30 •{J 85444 55444 554-34 W7 718,03 718.03 160 30 557.T3 653 204.35 m.36 29443 663 5JJ.35 333 36 39.46 482.89 666 903.48 002.49 903.49 667 810.82 610.82 610.82 •76 3*0.65 320.65 310.65 7.W.30 447.74 7.98149 Ji! , JiM! ^7V 336.49 JS U036.15 |,«s9.$$ •00 409.71 409.78 409.78 !!! . S!'i! CM-15 JXJ t'lill* 3.169.79 3.169.19 2K 43.234.61 $.6*9.30 37,70542 ;X1 IM1H* 16,411.81 4,663.40 1). 848.91 Jl-JRii *1.089.53 21,089.53 2?^ ^'Sli'S! 14.811.00 3.89644 10.915.45 l\i ot-iS*!! 4.898.25 3.797.1* 600.S7 lltu *».®«$-77 21.982.77 k.99149 12.091.19 Hi J! ***** 888.26 166.62 4*1.44 fJ5(A 78344 7 88.04 *7t.79 51$JT 7*6 A I .*06.10 1.406.10 455.80 050.30 52.800.00 6t.590.0O 7.091.84 614.35 48492.81 $146,803 06 $55,283.42 $*01,984.48 $37,435.72 8614.35 $163,934.41 STATEMENTS OF IMPROVEMENTS IN PROGRESS Out standConfirmed ing Dec. January Cbsta 19tt ThUl 1921 Excess Deficit 31. Contract ♦ 709 $$1.$76.69 $51,678.80 35SJOO.OO $924.60 ) !i! $L$84,48 1.383 59 $2,983.59 7*2 5*8.46 19.73 608.1.* 608 1^ 7M 114.00 11400 114,99 JJ*. I*®-" 1*9.69 1*9.60 7*8A 1,428.84 1,418.34 1,406.10 **.t4 7*$B $71.14 |7U4 588.26 16.12 7|$C 780.00 780.00 788.06 8.9* otiL™ . ,#ni" 1M«'« 1*7 8,944.01 8,044.01 3.944.91 863363.07 $18,113.97 $71,497.04* $56,282.41 $64865 $16,707.46 Outaandlpg January L 1922. s f $53.8630? Excess in Levy peer Omt* . M8.66 Oewts during 1928 *8.133.0? ^ a ^ ™ 172.346.72 $55jS24t Deficit Oantrget $9$. 116.99 IMMt Oufttract 794.,..., ita.ao Contract 7*5 A... *2.14 Dutriandlng Deeranh#e $1. iff*, 19.t97.46 gs* 346 *f m _ . ANALYSIS Of TRUST SURPLUS $614-35 Balance January 1. ?»tt $19J16.t$ Deficit Contract t$3 114.99 Interrat and Coats on Rale dnrMrll toutraetm ,, 139*0 tng l$t* 6,334.41 Deficit Ovntraet 723 A 22.24 Budget Aw? Ams wwml Bond- lk.990.00 Balance December 3|. Ittt 4$rH« 3l Budget Aprr. Notra 4\»ntraet 994 3,1*4 «• ■ *$<*> lb Ie*y owe Owts st I44.834.61 tmpt 948,88 BTATBUNT W iMMWIt UKWI *" "" " i DttWtandiag January 1, )«*f ... $$*,494.43

> jfosd to City dfirtz* ivzz 69.74^^4 t % ^-ii'h Bgi.._ ' • - " . Outste lirg r 1J, ; f19SJ27A-° [ ' rt*nug/l /.i S'- ".MUM kiJt.HAHLB kHSSS T' l" '42- V- . } 0*ui«*d«r.jr fJee^Mtwy 3t, r :cj , u-.7M.1ft .... — H&L&MfJK louuu»4.« "" *^'rMKST JJES ,3Wmra r >»» \£x\ •' OjtxUcd(/.g Porranber 71. VSZl t apitai. ir r.^.. .S'/ 1 iv^teraber 31 A vi7« UiAMiM lOJprfivrjiif/,^ ttiijii; ,cjn| ]•/ *74_1 ? Impro«rnwx(t« St> Progrc*-. * ■-%« Amount to he raised t v f i-'c- 7 ii 'tZ.O'j-i.iri 99$JM£4NI f<- II &AA&2A _ J.lAJiIUTfl ■■ T™ ntt-JJdAm 8324JM6A9 I rrrr Bonds, isr!**, mu* mi toSi* T#n,p0rfcr> WjM4.il ****** ■ t 35M13J2 4IT,HM < APITAf ASSeTE Crab- Treasurer ff/Jt ^Accounts R*veiT*lAe ( Sutii/n £ C'*/1, -. < •> r if\ 78 mi w Surplus fDefir.'i) H9J7 , 13*1*7 14.^X1 t!|2M . _ V1 IJARILtULS " Accounts (Coeirar! 6*5. a. V. V ■*<-.,-) e trans tits so Accounts PayabU- f Sutton L Cor.vi Co ) 19fi)jQ Accounts Payable fConfra-: 625. MrC;,:: $2J»

4MM> . UUM RECEIPTS AND DISBURSEMENTS _ . « Jth^EJPTS Crab on Hand January I. 1022 Sale of Public I -and Iton-dx 37! triO.kt: Temporary Notra. Contract No. 7X2 "y> OO Temporary Notra. CoaLraci No. 723 A . _ y'xiL 0C Temporary Notra, Contract No. 724 1^42MMi Temporary Notra. Cgllnet So. 724 A ; jtoft'vc Temporary Notra. Contract No. 724B Temporary Notra. Contract No. ?24C . M> Temporary Notes. Contract No 724D .pfi Ttfroporary Notra, Contract No. 7*2 » 2L0O6A* Temporary Not™. Boardwalk Coggfvuction 4UJBC Temporary N iXra. Ordintr.r. Nr. I7t< (JS4M RllJMl} D1SBURSFMENTS graasrarara Payment of Temporary 'Land Bond-. 53- ZA6,9fi Exienic and Cost of_Publ»r l.tnd B./nq.Expenara of Boardwalk 199.90 Ordinance No. 170 Public R-?.,rt a r*l Rrrri«*i<m Puri>-ae 4M44S Contract No. 723 »• £*4 1* Contract No. 723A . . . s'lihit Contract No. 724 . . . KJgft 17 Contract No. 724 A LI5JA7 Contract No. 724B ... ii j* mm Contract No. 720<" . "SX' 7a Contract No. 72*1) - -ri"-- . Contract Na 732 . . 1 yao'oc Boardwalk Conatructio/i 4l4Jt9 t'rah on Hand. December 31, 1022 196,616.76 $£41 JM 19 CAPITAL RESERVES Con 1 ran Avillsklr Bakara Number for Exp. Expended Ituun HI, $1-2.749 OP 852-694.12 RUI :gA SJ7S.0C ft.U4.4t ILK H* ■ 16.420.09 IS JAt.17 59J3 "24A 1.300JP L2S3JT a ra Z;iP' 1. 590.00 LI 43,99 396J1 :ziu 2 JOO.OO 2-467.74 Ittt :;iD r..4M 00 3J-4.77 175JE2 ■ 2.M6.9# IJWJ9 MM • (»*> » d ^ $796*2 Rraervr 10.100.09 S .930.65 1«9J5 «?74-17

' - " AMOUNT Tfl BE RAISED Itl FUTURE TAXATION ; Balance. January 1. 1922 8825.996*1 ! Add Ex pense Bond 1 aaue 968U6 Deduct Appropriations: . Temporary Loan Bond* 84JL5 42 ,,orufa 16JX3J2 , £6.1*8.74 IMPROVEMENTS IN PJtOCIU-SS Improvement Costa. 1922 tsiraiw ; Add Costs R nerve. 1021 ftJDLD . , KZ02J2SJS Mil I sat Appr. Retiring Serial BoatM . 81$J*9j99 Funding. 1016 . 53JKMLM Funding, 1017 IJOOlOO General lsnpro\r«nefi'.. 1P19 2919.99 Paving. 192: iSJiS Boardwalk and Coast Protection. 1921 . . . 5.009.00 Current Budget Appr. Ar ■mwrni-^i* Bond* and Notes S18JU5C1 - 57.990.69 Serira No. 2 7.000.00 Series Nu. 3 . . . . & rae 50 Serira No. 5 (MOJO Funding. 1917 260-99 Notra. Contract No. 604 » 734,^1 Current Budget Appr. Contingent ay ey Funding. 1917 1T2.S3 Current Budget Appropriation 31*- Temporary Bonds . . . $4-316.42 raymcnt Temporary Land Bond-, $4 J15.42 « STATEMENT OF INDEBTEDNESS " Outalanding Paid laauad CnTstaadlag Capital Issue Amount Maturity Jan. 1. 1022 1022 1952 Dec. 31. 1M£ 1 Term Bonds : St. and Fire 1002 $85,900.00 1932 Fir* Appar. 1905 5.900.00 1923 Refunding 19U $0,006.00 1941 City Bonds 1012 C.000.00 1942 City Bonds 1912 6.500.00 1942 Kire Appar. 1913 10.000.00 19S3 Funding 1M4 132.900. 00 1941 Funding 1914 27.900.06 1944 Beach Prot. 1915 TJOC.OO 1945 School 1912 45.000.90 1942 3 7 3-500.00 171MMI Temp. Bond! J9I2 .141,31X42 IK4 141,811 %2 42.81X42 99-096.99 Serial Bonds: Funding 1915 87.090.00 1916 to 1944 IncL C* .906.90 3.99*90 66J99J* Funding 1917 28.31X32 1919 tome IncL 8L600 23.9*3.3* 1.813.32 III99I96 1937 $1,313-32 w' General Imp. 1919 60,000.00 S92t> to IMS" IncL 8X906 56.906.69 t.669.99 84.699.96 IncL 83.006 Paving 1921 78.009.90 19S£$al93x IncL t-LOOo 7K .099.99 1,990.69 74.699.96 Boardwalk, and Curat Prot. 1921 *7.000,00 1922 to 1^35 Inrl. $5.06" 37.999.60 (.609.90 82.699.96 Inri. $5,690 191S IncL 85J0O Pubi c Land 162* 135.000-96 1923 to 1925 IKfttolftbe m .999.99 188.999J9 Temporary Notes : Ordinance No. |76 Public Rr art ft.O Of* 4.666.96 1B,696JH Contract N ex. 7*3 62.740.69 8L796J9 Contract No, 7*3 A 9,675.96 9.679J9 Contract No- 724A 1J9999 L899.96 Cowract No. 724B L.JW.N 1J9M6 Contract No, 724C 2.596-90 2J899J9 Contract No, 73* LfOLM 1.99M81 Boardwalk Coaat ruction 414J9 * ■ i' i n ■ i 11 11 $834.«*74 $58.5*9-74 *51 -499*9 1,997,499*9 Current : Tax Revenue Notra. 1920 $38,990-90 $18,869.99 $14.696 99 Tax Revenue Not™. 1619 1 1.406,96 11.400-00 Tax Title Notra 38J56.96 |4JM.M 7.609.99 89JHM9 Tax Revenue Notes. 18*1 65699.99 66.99999 5.999.99 39.— .96 Tax Revenue Notra, 18*2 03-799-99 04 .796-99 1922 Emergencv Notra. Storm 3-7*9-96 l.THJR 1922 Emergency Notra. Drainage ifSLlI 1.990 21 $141,459-99 104.456.96 116,2$ 1.65 llkTSLM Temporary Notra, Cantract No. 694 S3J8A64 $3,234 $4 Temporary Notra. Contract No. 793 4S.044.7S 4K.144.T8 Temporary Notra. Contract No. 704 Jt.<4T,3? S1.447J9 Temporary Notra, Contract Nix. 704 1? 547.44 12,887.64 Temporary Notra. C-ontract No- 709 5SJ89-99 52.WC.66 TVmpora»> Notes. Contract N»v 710 7.718.36 «. 313.35 1.469-99 Temporary Notra, Contract No. 713 1.166.06 1.196,9$ 3.999J89 Temporary Notes. Contract No. 71* *4.730.96 *4.756.99 Temporary Notra, Contract N»v 77? c*v> tv 689.99 Trmrn^rarr Notra, Contract No. T2S4 1-469.96 1.454,66 Temporary N«4ra, Contract Now TrMt 3*6,96 1*6-91 Temp->rary Notra. Contract No. 3*$D 799(96 ftOl! Tetm^rarv Notra- Contract No. 796 11,966.9# U.NU6 Temporal r N«dra. OqMuM Ord 187 3.196.96 U99J9 Assnsraent Bond*. Serira No 1 1921 MuWre.W 59*4 :r MV(« 3.6M».66 **,866.69 AMieramert ILwwfta. Serira No 2 Cont. :04 *1.447.80 1K4 1K4U*» 2L44T 36 ItMftM < Araerament ftonda. Series N«x. 3 I Cant. 7 63 ittt > im 12.04 4.7$ 43-9447$ $9,699-96 ' Assessment Bonda. Serira Ncv 4 Mttt 7$t« ttMTM I9M 17J87.96 1TJ62.64 Aumunmt Bond. Serira No. 5 Conk. 999 192Z 52.306-99 tK2T 0.5iA\O$ iLB#$,9i 63-99999 ^ Araraafarnt Bonds. Serira Ntv fc Cont. 714 19^ 17 {49990 2058 17,66999 37,699*8 2<>9.$00.W 178.370. 3 1~170- 182.96 K) SK RVK KMtar fowl uuuUT.rs Piedged to City Dvbi $167,773.0* $U1,9«7.9$ Caah on Hand. January 1. IMS . . $1,476.9* InvratmeaU l^aW - I IMP «^r^^.:::)):;:))DISBURSEMENTS H Jli Invratnwnts Purehwd ... $47JM*J$ t?aab an Hand. Deeranhri l$tt , ItkWtjE