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<br />banks in order to tide the financing of municipal operations over near <br /> <br />the middle of the year in anticipation of tax receipts. It is believed that <br /> <br />in the herewith proposed budget this practice may be continued for a <br /> <br />second consecutive year. <br /> <br />The only revisions made in the format of the 1957-58 <br /> <br />budget in comparison with budgets of the past several years are those <br /> <br />neces sitated by departmental realignments made in the last twelve <br /> <br />months and the following: the water and sewer accounts have been <br /> <br />separated that each may be individually adjudged; maintenance and <br /> <br />operation of parking meters has been separated and set up separately <br /> <br />from the street marking and signs account; and, the operation costs <br /> <br />of the recreational area at the dam have been designated as a separate <br /> <br />account from normal expenditures of the water department in main- <br /> <br />taining the impounding dam as a water facility. <br /> <br />.- <br /> <br />On the final pages of this letter of transmittal are sheets <br /> <br />on which are consolidated the principle accounts of the proposed budget. <br /> <br />City Council will also be furnished copies of the detailed budget. There <br /> <br />immediatel y follows, for your general interest, charts which visually <br /> <br />show comparison of the percentages which the primary revenue and <br /> <br />expenditure items represent of the total budget. <br /> <br />It will be noted the <br /> <br />electric utility represents the major income item, followed by general <br /> <br />property taxes. School operation is the principle budget outlay. <br /> <br />- 3 - <br />