MYFBS, MAY(R - the Digital Library of Georgia

12 MAYOR'S ANNUAL REPORT.In view of these facts it is a source of gratificationthat the year's close found the city with a cash balanceon hand of $5,317.46. Its financial history forthe year is briefly summarized as follows:Cash on hand January 1,1901........ .........$ 14,310 90Total receipts for 1901............... .............. 857,80492Total cash available during the year....$872,115 82Expenditures—Sinking fund and interest... $203,305 33Permanent public betterments............................ 201,614 29Regular expenses of departments................................ 461,878 74Total expenditures for the year .;........... $866,798 3&Cash balance in treasury at close ofDecember ....... ...... .........................$ 5,317 4&From this it will be seen that nearly one-half ofthe total expenditures of the city during the yearwas to pay interest on its bonded indebtedness, toredeem bonds, and for public improvements. Therecordis one, I feel assured, that will compare favorablywith that of any other American city.Council's Effective Labors.Commendation is due the zealous and efficientchairman of the Finance Committee for his continuedcareful oversight of the city's monetary affairs. Hisprevious experience in departmental supervision andhis knowledge of business in general peculiarly fithim for what is undoubtedly the most responsible-