CITY OF JUNEAU, ALASKA
■ , COMPARATIVE STATEMENT OF FINANCIAL CONDITION—September 30. 1950 and September 30. 1949 EXHIBIT 1
ASSETS (WH AT WE OWN)
Sept. 30, 1950
LAND AND PROPERTY
Land .:...$ 152,855.72
School Buildings . 165,707.94
City Dock 47,462.42
Airport Terminal Building . 144,294.67
Other Buildings and Structures. 49,461.43
^Equipment and Machinery . 204,679.07
TOTAL LAND AND PROPERTY.... .$ 764,461.25
LESS: Allowances for Depreciation .. 361,221.30
NET VALL E OF LAND AND PROPERTY . .1.$ 403,239.95
PERMANENT IMPROVEMENTS
General City ....$ 596,364.45
Small Boat Harbor. 71,439.69
Streets and Sidewalks . 343,888.77
Evergreen Bowl Road . 3,616.74
Highlands Sewer and Diston Avenue Project. 4,518.18
TOTAL PERMANENT IMPROVEMENTS $1,019,827.83
CASH ON HAND AND AMOUNTS DUE US
Cash on Hand and in Banks. .$ 46,713.40
Invested in U. S. Bonds ..ZZZZZZZZZZZZZZ. 35,000.00
Due from Juneau Independent School District .. 8,253.44
Delinquent Taxes . 17,083.83
TOTAL CASH ON HAND AND AMOUNTS DUE US $ 107,050.67
OTHER ASSETS AND UN ABSORBED EXPENSES
Uncompleted Construction Projects.. . 18,140.06
Assets Acquired by Will of A. G. Brown ... 26,267.50
Net Assets of City Dock . . 16,958.56
City School Budget—October to June.. 81,590.57
Prepaid Insurance . 6,824.38
TOTAL OTHER ASSETS AND UNABSORBED EXPENSES $ 149,781.07
TOTAL ASSETS .$1,679,899.52
Sept. 30, 1949
$ 96,985.72
165,707.94
26.462.42
143,794.67
49.461.43
199,412.20
$ 681,824.38
338,216.60
$ 343,607.78
$ 596,364.45
44,540.13
297,045.72
$ 937,950.30
$ 156,707.65
35,000.00
10,546.55
.$ 202,254.20
$ 18,058.23
11,381.09
62,786.46
10,173.17
$ 102,398.95
$1,586,211.23
LIABILITIES (WHAT WE OWE)
Sept. 30, 1950 Sept. 30, 1949
BONDED DEBT To Be Retired in 1951
P. W. A. Bonds 1934 4% 7/1/51.$ 4,000.00 $ 14,000.00 $ 18,000.00
P. W. A. Bonds 1938 4% 10/1/51. 5,000.00 40,000.00 45,000.00
Boat Harbor Bonds 1939 4% 4/1/51.. 2,000.00 26.000.00 28,000.00
General Bonds 1940 3% 10/1/51. 11,000.00 51,000.00 61,000.00
General Bonds 1948 3«/>% 9/1/51. 5,000.00 145,000.00 150,000.00
General Bonds 1949 3i/2% 4/1/51. 10,000.00 260,000.00 260,000.00
Airport Rev. Bonds 1949 4l/2% 9/1/51. 3,000.00 50,000.00 50,000.00
• . __
TOTAL BONDED DEBT .$ 40,000.00 $ 586,000.00 $ 612,000.00
GENERAL DEBT
Bank Loans.$ 92,000.00 $ 150,000.00
Contract—Balance Due on Lumber Mill Property.... 20,000.00
City School Budget. 108,787.42 62,786.46
Employees Payroll Taxes and Miscellaneous. 1,900.47 3,275.00
Interest on Bonds and Notes. 1,874.57 1,553.88
TOTAL GENERAL DEBT.$ 224,562.46 $ 217,615.34
OTHER DEBT AND UNABSORBED CREDITS
Prepaid Taxes .$ 14,876.98 $ 18,875.55
F. W. A. Advances on Uncompleted Projects.-. 7,550.00 7,550.00
Unabsorbed Bond Premium .-. 1,141.88 1,254.94
TOTAL OTHER DEBT AND UNABSORBED CREDITS $ 23,568.86 $ 27,680.49
NET WORTH (WHAT WE OWN LESS WHAT WE OWE)
Net Worth—Sept. 30, 1949 and March 31, 1949 .$ 728,915.40 $ 841,256.04
LESS: Sundry Adjustments During Year. (192.73) (170.51)
$’728,722.67 $ 841,085.53
Territorial and Other Contributions..-. 55,000.24
Earnings of City Dock ... 5,577.47 11,381.09
Gain or (Loss)—General Operations (1949-6 mos.) . 56,467.82 (123,551.22)
NET WORTH—Sept. 30, 1950 and Sept. 30, 1949 .$ 845,768.20 $ 728,915.40
TOTAL LIABILITIES AND NET WORTH ..$1,679,899.52 $1,586,211.23
SUMMARY OF RECEIPTS AND DISBURSEMENTS BY FUNDS-Fiscal Year Ending September 30, 1950 EXHIBIT 2
BANK BALANCES—Sept. 30, 1949 ..'...
DEPOSITS
General Revenues and Receipts .
Sale of City Hall Property...
Dividends and Rents—A. G. Brown Estate.
Cash from Executor of A. G. Brown Estate.
Contributions for Star Hill Playground.
Territorial Contribution for Boat Harbor Gridiron.
Rents and Leases ...
City Sales Tax Collections to Sept. 30, 1950 .
Bank Loans.!.
Interfund Loans...
TOTAL TO BE ACCOUNTED FOR...
DISBURSEMENTS
General Operations ..
Purchase of City Dock Addition...
Purchase of New Municipal Building Lot ..
Purchase of Playground Lot .
Additions to Airport Building...
Additions to Equipment .r..
Additions to Permanent Improvements.
Additions to Uncompleted Construction Projects.
Repayment of Bank Loans.
^ Retirement of Bonds...
Payment of Bond Interest.
». Payment of Interest on Notes.;.
„ Contributions to Teen Age Club...
Payments on City School Budget.
TOTAL DISBURSEMENTS . .
BANK BALANCES—Sept. 30, 1950 . .
CASH ON HAND—Sept. 30. 1950 .
TOTAL FUNDS.
General
Fund
$ 50,550.90
$ 351,187.94
1.500.00
26,610.58
3.310.00
92.000. 00
28.000. 00
8 553,159.42
8 236,313.77
20,000.00
4,000.00
500.00
4,544.71
26,899.56
81.83
150,000.00
26,000.00
19,780.00
2,141.67
1.650.00
62,786.46
8 554,698.00
8 (1,538.58)
780.23
8 (758.35)
Brown Estate
Fund
?
$
217.25
622.16
$ 839.41
$
$
$ 839.41
$ 839.41
Street
Fund
$ 97,186.03
$
(28,000.00)
$ 69,186.03
$
722.16
54,939.72
$ 55,661.88
$ 13,524.15
$ 13,524.15
Bond Retirement
Fund
$
?
104.65
$ 104.65
$
$
$ 104.65
$ 104.65
City Hall
Fund
$
$
60,000.00
$ 60,000.00
$
32,870.00
$ 32,870.00
$ 27,130.00
$ 27,130.00
Airpori Miap.
Fund
$ 480.85
$
18,217.59
$ 18,698.44
$ 10,574.90
2,250.00
$ 12,824.90
$ 5,873.54
$ 5,873.54
commneu
Funds
$ 148,217.78
§ 351,187.94
60,000.00
217.25
622.16
1.500.00
26.610.58
21.527.59
104.65
92.000. 00
$ 701,987.95
$ 246,888.67
20.000. 00
32.870.00
4,000.00
500.00
5,266.87
81,839.28
81.83
150,000.00
26,000.00
22.030.00
2,141.67
1.650.00
62,786.46
$ 656,054.78
$ 45,933.17
780.23
$ 46,713.40
SUMMARY ‘OF CITY INCOME AND EXPENSES
Fiscal Year Ending September 30,1950
GROSS INCOME EXHIBIT 3
From Real Estate and Personal Property Taxes .$ 257,408.23
From Tax Penalties and Interest . 2,900.21
From City Sales Taxes ... 114.14
From Sale of City Owned Property. 60,000.00
From Business and Other Licenses . 32,300.05
From Fines and Forfeits ... 7,193.50
From Parking Meter Collections .. 6,765.73
Prom Juneau Independent School District .. 8,253.44
From A. B. Hall Rentals 3,310.00
From Airport Building Rentals .. 15,000.00
From Dividends and Rents—A. G. Brown Assets . 277.25
From Other Sources ..... 8,958.00
TOTAL GROSS INCOME (Not Including Contributions)..? 402,480.55
OPERATING EXPENSES
Streets. Sewers, Hydrants and Sidewalks .? 41.420.59
City Wharf and Float Repairs . 210.00
Cemetery Upkeep 6,168.80
City Clerk and Magistrate Office . 11,245.76
City Hall Maintenance . 4,989.86
Fire Department . 11,813.01
Health and Sanitation .. -8,524.41
Boat Harbor Operation and Repairs .'. 10,545.60
Municipal Library . 4,723.29
General City Government . 34,105.65
Interest on Bonds and Notes . 22,271.80
Parks and Playgrounds . 2,530.20
Police Department . 36,972.64
Education (City’s Share) .;.. 89,983.31
Tax Collection . 4,284.75
Elections .I.:.. 897.84
City Engineer Office . 3,543.65
Shop and Warehouse . 2,479.70
Gold Creek Maintenance . 13,483.22
A. B. Hall Maintenance . 2,857.70
Airport Building . 13,953.40
Civilian Defense Activities . 140.65
Allowance for Depreciation . 18,857.90
TOTAL OPERATING EXPENSES .. .. ? 346,012.73
GAIN FOR THE YEAR (Income Less Expense) .. ? 56,467.82
ESTIMATED BUDGET FOR THE CITY OF JUNEAU
Estimated Revenues, 1950-1951
Taxes @ 20 Mills .? 281,923.53
Business Licenses . 60,000.00
Liquor Licenses . 20,000.00
| Miscellaneous Taxes . 5,500.00
Auto Licenses . 5,500.00
1 Police Fines 15,000.00
i Boat Harbor Stalls . 2,500.00
[Cemetery 1,500.00
Water Franchise . 1,200.00
A. B. Hall . 3,300.00
Interest Government Bonds . 900.00
School Bond Refund ..'...... 8,253.44
Miscellaneous Receipts 5,000.00
Refund from Sales Tax for Bond Payments and Interest
during August and September 30,635.00
Delinquent Taxes . 7,000.00
^ Total ...? 448,211.97
,
ADMINISTRATIVE EXPENSE
Band .5 600 00
Street Commissioner . 7,200.00
City Attorney . 2,200.00
Street Lighting . 8^°°'00
Public Affairs . 600 00
Interest on Notes . 2,200.00
Insurance ...j..•>.70U.o«
Audit ..-. 500.00
Councilmen’s Fees . 4*32®-00
Rate Hearings . 250.00
Teen Age .;...-. 1,60000
Social Security .-. 2,000.00
$ 33,870.00
CITY HALL OPERATION
Janitor Service .—.5 2,000.00
Supplies ....'..i.:. 15000
Repairs . 250.00
Heat, Light and Water . 2,500.00
Garbage . 70.00
$ 4,070.00
CITY CLERK AND MAGISTRATE’S OFFICE
Salaries and Wages .-.$ 12,400.00
Supplies . 850.00
Advertising (Depends on Council Activities) 200.00
Bonds . 75.00
Miscellaneous .—• 300.00
$ 13,825.00
TAX ASSESSMENTS
Assessor Salary .$ 2,000.00
Supplies . 350.00
Advertising . 150.00
$ 2,500.00
CITY ELECTION
Fees.$ 350.00
Miscellaneous . 400.00
$ 750.00
POLICE DEPARTMENT
Salaries .:.$ 32,300.00
Supplies . 200..00
Jail Expense . 1,000.00
Gas and Oil . 750.00
Utilities . 100 00
Car Repairs . 500 00
Parking Meter Expense .,. 1,000.00
Parking Meter Remittance . 4,500.00
Miscellaneous . 500.00
Radio Telephone .. 2,500.00
$ 43,350.00
SCHOOL BUDGET . * 108,000.00
LIBRARY ACTIVITIES
Salaries ..'..$ 3,000.00
Supplies . 5000
Books and Magazines . 1,500.00
Utilities . 50000
Janitor . 500.00
$ 5,550.00
BUDGET 1950-1951__
HEALTH AND SANITATION
Public Health Nurse .$ 2,400.00
Health Center Expenses . 750.00
City Health Officer . 360.00
Garbage Dump Maintenance . 2,500.00
Clean-Up Week . 600.00
Street Washing and Sweeping 2,000.00
Miscellaneous . 500.00
$ 9,110.00
CEMETERY OPERATION
Salary and Wages .$ 6,500.00
Supplies and Equipment . 300.00
$ 6,800.00
BOAT HARBOR
Salary .-.$ 3,000.00
Utilities . 1,000.00
Repairs . 3,000.00
Miscellaneous . 500.00
$ 7,500.00
STREET DEPARTMENT
Salaries and Wages . $ 9,900.00
Equipment Repairs . 1,000.00
Snow Removal .. 6,000.00
Gas and Oil . 650.00
Sanding . 700.00
$ 18,250.00
SEWERS
Salaries ..$ 5,500.00
Supplies . 500.00
Repairs. 200.00
--
$ 6,200.00
SIDEWALKS
Salaries . $ 4,700.00
Supplies . 1,000.00
Sanding .. 200.00
Snow Removal . 1,000.00
$ 6,900.00
PARKS AND PLAYGROUNDS
Salaries .;.$ 1,500.00
Supplies . 500.00
Repairs . 1,000.00
Chlorinator . 2,500.00
$ 5,500.00
GOLD CREEK MAINTENANCE . $ 3,000.00
FIRE DEPARTMENT
Salaries .$ 7,000.00
Volunteers’ Fees . 3,500.00
Utilities . 300.00
Repairs . 500.00
Supplies and Equipment . 1,200.00
$ 12,500.00
HYDRANT MAINTENANCE
Salaries and Wages .$ 4,000.00
Water . 1,320.00
Supplies . 100.00
Repairs . 350.00
k $ 5,770.00
A. B HALT. $ 3,500.00
CITY ENGINEER’S OFFICE . * 3,000.00
SHOP $ 2,000.00
DEBT RETIREMENT
Loans .$ 92,000.00
Paving Fund Loans . 28,000.00
New Equipment . 15,000.00
$ 135,000.00
CIVIL DEFENSE . $ 5(K)0°
CONTINGENCIES . $ 9,916^97
Grand Total . $ 448,211.97
EXPENDITURES. 1950-1951
Administrative Expense .*
City Hall Operation . iq’mSoo
City Clerk and Magistrate’s Office . o'kaa nn
Tax Assessments . aca'aa
City Election . 41^0 00
Police Department . 108OOOOO
School Budget . ssonnn
Small Boat Harbor . , ^
Streets. Sewers and Sidewalks . * snn 'nn
Parks and Playgrounds . onnn nn
Gold Creek Maintenance .
City Engineer’s Office . 2’S.OO
^btRetirement ::::::::::::::::::::::::::::-------'". l35’°°°°°
Civilian Defense ..
Contingencies ...£. M’axoa
Total .~.-..$ 448,211.97
OFFICE OF CITY CLERK
CITY OF JUNEAU
Box 436
JUNEAU, ALASKA
December 29, 1950
To: The Residents and Taxpayers
City of Juneau, Alaska
We herewith present our report on the financial condition of your
City for the fiscal year ending September 30, 1950, together with the
General Fund Budget for the fiscal year ending September 30, 1951.
These Exhibits have been prepared from the data contained in the
Annual Audit Report prepared bv C. J. Ehrendreich, C.P.A., dated Novem
ber 25, 1950. Copies of the Audit are on file in the City Clerk’s office,
and may be inspected upon request.
The City of Juneau belongs to all of us and its affairs should be a
matter of common concern. Your City Officers will appreciate your
comments on this Report and your suggestions as to how we might do
things better.
Submitted for the Council of the City of Juneau by
WAINO E. HENDRICKSON, Mayor.