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<br />Welfare - from State <br /> <br />1959-60 <br />1958-59 <br /> <br />$ 55,535.75 <br />41, 488. 59 <br /> <br />14,047.16 <br /> <br />Total earmarked <br /> <br />$ 48,689.50 <br /> <br />To this can be added: <br /> <br />The as signed School Bond Fund debt reserve. <br /> <br />42,054.00 <br /> <br />The decrease in opening balance, 1959-60 under <br />1958-59 as previously described. <br /> <br />30,277.36 <br /> <br />Increase in school cafeteria fund specifically <br />assignable to that purpose with similar increase <br />as expenditure. <br /> <br />30,875.00 <br /> <br />Total <br /> <br />$151,903.86 <br /> <br />Subtracting this amount from the total 1959 - 60 budget revenue over the 1958- 59 <br /> <br />revenue, there results the figure that represents the net additional funds avail- <br /> <br />able in the coming year over the present concluding year, for distribution and <br /> <br />use throughout the general purposes of the city's operation: <br /> <br />Net difference <br /> <br />$188,732.93 <br />151,903.86 <br />$ 36,829.07 <br /> <br />If, from this remainder, there is further deducted the cost (itemized at a later <br /> <br />point in this memorandum) directly attributable to annexation, for which there <br /> <br />is no current offsetting revenue, of $26,340.60, a balance remains of $10,488.47 <br /> <br />which constitutes the additional funds that have had to be spread over the many <br /> <br />requirements of the needs of this new budget for a growing and thriving city. <br /> <br />This balance is a theoretical increase of twenty-eight hundredths of a percent <br /> <br />- 6 - <br />