4 - City of Oxford

97768— ozrams-wom
MINUTE BOOK No. 24, CITY OF OXFORD
(Continued) CIVIL DEFENSE WATER DEPARTMENT
Equipment Rental
Legal Printing
Insurance and Bonds
Social Security and Retirement
,Advertising
Miscellaneous
Contingencies
Budget Transfers
TOTALS
Salary Expense
Labor & Wages
Materials & Supplies
Utilities
Maintenance & Repair
Gas and Oil
Professional Services
30.00
150.00
100.00
-0-
35.00
975.00
3,525.00
120.00 150.00
-0-
41,445.00
$ 4,500.00
$ 43,500.00
SEWER DEPARTMENT SEWER PLANTS
$ 6,600.00
11,725.00
12,750.00
300.00
500.00
200.00
850.00
$ 8,760.00
5,000.00
2,300.00
1,200.00
250.00
Municipal Aid To County
Purchase of Equipment -0- 150.00
Equipment Rental -0-
Legal Printing 45.00
Insurance and Bonds 1,010.00 110.00
Social Security and Retirement 1,300.00 770.00
Advertising
Miscellaneous 50.00
Contingencies -0-
Budget Transfers
Bond Retirement 35,000.00
Bond Interest 38,185.00
Paying Agent Pees 145.00
Transfer to Cushion Fund 1,800.00
TOTALS $110,460.00 $ 18,540.00
The City Clerk reported that there is a surplus in the Bond and Interest
Fund designated for the following bond redemption and interest sinking funds
for bond issue which have been paid in full, as follows:
Bond Fund ($65.54)
1955 Special Street Improvement 491.80
1957 Special Street Improvement 5,651.68
1959 Special Street Improvement (147.78)
Net Total Surplus $5,930.16
After discussion of the matter, a motion was made by Alderman Hannaford,
seconded by Alderman King and passed unanimously authorizing the City Clerk
to transfer the amount of $5,930.16 from Bond and Interest Fund to General Fund
in order to close out the above sinking funds.
The City Clerk and the City Engineer reported to the Mayor and Board of
Aldermen that certain expenditures exceeding the amount of $10,500.00 had been
made during Fiscal Year 1968-69 from the Water and Sewer Fund for Water and
Sewer System Capital Improvements which could have properly been made from the
1965 Public Improvement Bond Fund.
After a discussion of the matter, a motion was made by Alderman Hannaford,
seconded by Alderman King, and passed unanimously, authorizing the City Clerk
to transfer $10,500.00 from the 1965 Public Improvement Bond Fund to the Water
and Sewer Fund as a partial reimbursement for certain Capital Improvement expenditures
which are itemized and on file in the office of the City Clerk.