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Deee~o¢,~ 27~ 1927
<br />
<br />8. OHARITIES & 0ORREOTIONS
<br />
<br />A. 0ityN~me ...........
<br /> .... 7,750.
<br />O. Kings Daughters Hospital .......... 7,500.
<br />D, Home for Aced ..... 1,200.
<br />
<br /> ~ Brought FOrward.. $
<br />
<br />G. Drugs 2,000.
<br />H. ~lller Day Nursery .... ........... 360.
<br />J. Burial of Paupers ................
<br />
<br />?oral ............................ '$ 2~77~.
<br />
<br /> 9, ~UBLIG SERVIOE
<br />A. Markets ........................... $ 5,010. Brought FCl~ard .................. $ 5,010.
<br />
<br />B. Oemeteries ....................... 1~,415.
<br />
<br />Total. ........................... $19,~,a5.
<br />
<br /> A. Auto Supply...
<br />B. Stables ..... ~ .....................
<br />O. Store Boom ........................
<br />D. Armory & Stables ..................
<br />E. *Insurance (Fire and Li&bility) ....
<br />F. Gommission of Lunacy. .... ~ ........
<br />G. 0etchers Inquests. J ...............
<br />
<br />10. MISOELLANEOUS
<br />
<br />.................... $ 6,5o0.
<br />33,279.
<br />3,000.
<br />375.
<br />2,992.
<br />
<br /> 1,200.
<br />
<br />Deduct Store Room, as s~applies will
<br />
<br /> Brot~ht Fo~=d. ................. ~:$ 47,5~6.
<br />H. Pensions. ........................ 11,O00.
<br />
<br />K.' Industrial Oommission ............
<br />L. Advertising Commission ........... 3,000.
<br />M. Oity Manager for Por~smouth
<br /> 0hamber of Commerce (Advertisin~ 1,000.
<br /> ~otal ............................ $ 66,93l.
<br />
<br />be cha~ged to various Dep~ctments ............ ~,000.
<br />
<br />~insurance=
<br />
<br /> +abiZlty (autos). ...... ii[SIlO0.
<br />
<br /> 12. INTEREST & SINKING.FUND
<br />
<br />Ooupons ......................... $2~3,OOO.
<br />Interest Registered Bonds, ......
<br />
<br />63,931.
<br />
<br />Brought Forward ...... $300,728.
<br />Interest on ::::::::::::::::::::: ,ooo.
<br />Sinking Fund ....................- 77,1~0.
<br />
<br />Total ............................ ~I-23,858.
<br />
<br />~APITAL APPROPRIATIONS
<br />
<br />Fire Engine ' .$ 13,0OO
<br />Service Fire Truck .................. 10,150.
<br />Mechsaical Sweeper 7,000
<br />
<br />$ 30,I50;
<br />
<br />Brought Forward.
<br /> 3,6~0.
<br />
<br />Tots/ ............................ $ 33,7~0.
<br />
<br /> The fire apparatus to be amortized over aperiod of ten years, $2315; to be cha~ged to
<br />1928 expenses.
<br />
<br /> The mechanical sweeper to be amortized over a period of four years, $1750. to be charged
<br />to 1928 expenses. -.
<br />
<br /> The street roller to be amortized ever a period of eight years, $~50. to be charged to 1928
<br />expenses.
<br />
<br /> "WHEREAS, IS;is manifestly unfair and improper to carry e~ther ina bond issue or in amy
<br />one year's budget the t~tal purchase price of certain needed equipment, the usefulness of which
<br />extends over a period of years,
<br />
<br /> BE IT THEREFOP~ RESOLVED, That such needed equipment be purchased through the so-called
<br />floating debt and carried as an item of capital expenditure, and
<br />
<br /> BE IT FURTHER RESOLVED, That the said purchase price be aamottized over a period of years
<br />no~ greater than 80% of a fair estimate of the equipment's life and usefulness, and that from
<br />each succeeding annual budget the amortized anmual amount be appropriated aud applied to the
<br />so-called floating debt untit such debt has been fmlly~re-imbursed."
<br />
<br />· ATER DEPART~mNT
<br />
<br />For operating expenses ............. ~-,9~2. Brought Forward ........
<br /> For apital .... ,. 2 . oo.
<br />
<br /> Total.. - $37o,2~z.
<br /> Section 2. All appropriations in this Budget, except'those for Interest and Schools, shall
<br />be made available on the approval of the Oity Manager, the City Manager being required to report
<br />to the Oounoit at its first r~gula= meeting ineach month in detail all expenditures made for
<br />She preceding month, and all funds as far as practicable-shall be expended in eeual amounts
<br />
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