|
The Treasurer and Secretary submitted their Annual Report of the Sinking Fund
<br />Commission for the fiscal year ended June 30, 1947. On :Notion by Mr. Gleason,
<br />• seconded by Mr. Nash, this report was unanimously accepted and ordered copied in
<br />the minutes of this meeting:
<br />July 19, 1947
<br />To the Members of the Council
<br />THE SINKING FUND COMMISSION
<br />GENERAL STATEMENT FOR THE FISCAL YEAR ENDED
<br />JUNE 30, 1947
<br />------------------
<br />Sinking Fund as of July 12 1946
<br />Increment:
<br />Interest on Securities
<br />Annual Appropriation
<br />Profit Sale of Securities (Exhibit III)
<br />Total Increment
<br />Less: Disbursements:
<br />Accrued Interest
<br />Box Rent, Paper, Commission, Etc.
<br />xlbemarle County Bonds Retired
<br />Total Disbursements
<br />• Net Increment for Fiscal Year
<br />0
<br />Sinking Fund as of June 30, 1947
<br />X15,610.00
<br />12,888.77
<br />200.00
<br />$28,698.77
<br />570.32
<br />200.81
<br />18,000.00
<br />$18,771.13
<br />Required Reserve as of June 30, 1947 (Exhibit VII)
<br />Surplus
<br />LIST OF SECURITIES OWNED AS OF JUNE 30, 1947
<br />$527,464.97
<br />9,927.64
<br />$53`71392.61
<br />445,311-30
<br />92,081.31
<br />City of Charlottesville, Virginia
<br />Gentlemen:
<br />We submit herewith financial statements
<br />S. Government
<br />covering the operation and condition of the
<br />Amount
<br />Sinking Fund Co�nission for the fiscal year ended
<br />June 30, 1947.
<br />The interest earned on securities during the
<br />period amounted to w15,610.00 or an interest earning
<br />Due
<br />rate of 3.52% on the required reserve.
<br />$10,000
<br />The surplus at the end of the period amounted
<br />So
<br />to X92,081.31. This surplus is equivalent to a 21%
<br />Series
<br />excess in the Sinking Fund, however, vie do not re-
<br />•
<br />commend that any change be made in the Cityts contri-
<br />$101000.00
<br />bution to the Sinking Fund at this time.
<br />U.
<br />Respectfully submitted,
<br />Defense
<br />SINKING FUND COMMISSION
<br />Sinking
<br />Fund
<br />Ernest L. Pugh
<br />o
<br />�n Report
<br />-(signed)
<br />Treasurer
<br />17 ,000
<br />JEB:AW Jas. E. Bowen, Jr. (sinned)
<br />S.
<br />Secretary
<br />THE SINKING FUND COMMISSION
<br />GENERAL STATEMENT FOR THE FISCAL YEAR ENDED
<br />JUNE 30, 1947
<br />------------------
<br />Sinking Fund as of July 12 1946
<br />Increment:
<br />Interest on Securities
<br />Annual Appropriation
<br />Profit Sale of Securities (Exhibit III)
<br />Total Increment
<br />Less: Disbursements:
<br />Accrued Interest
<br />Box Rent, Paper, Commission, Etc.
<br />xlbemarle County Bonds Retired
<br />Total Disbursements
<br />• Net Increment for Fiscal Year
<br />0
<br />Sinking Fund as of June 30, 1947
<br />X15,610.00
<br />12,888.77
<br />200.00
<br />$28,698.77
<br />570.32
<br />200.81
<br />18,000.00
<br />$18,771.13
<br />Required Reserve as of June 30, 1947 (Exhibit VII)
<br />Surplus
<br />LIST OF SECURITIES OWNED AS OF JUNE 30, 1947
<br />$527,464.97
<br />9,927.64
<br />$53`71392.61
<br />445,311-30
<br />92,081.31
<br />Book
<br />Value
<br />$10,000.00
<br />10,000.00
<br />17,000.00
<br />15,000.00
<br />43,500.00
<br />2,500.00
<br />6,9500-00
<br />26,000.00
<br />5,000.00
<br />15,000.00
<br />1,500.00
<br />10,000.00
<br />Q
<br />U.
<br />S. Government
<br />Amount
<br />Name
<br />Interest
<br />Due
<br />Cost
<br />$10,000
<br />U.
<br />So
<br />Defense
<br />Series
<br />TTG"
<br />21%
<br />8/1/54
<br />$101000.00
<br />10,000
<br />U.
<br />S.
<br />Defense
<br />Series
<br />1TGtt
<br />2i%
<br />9/1/54
<br />10,000.00
<br />17 ,000
<br />U.
<br />S.
<br />Defense
<br />Series
<br />"GT'
<br />2%
<br />1
<br />10/1/54
<br />17,000.00
<br />15,000
<br />U.
<br />S.
<br />Defense
<br />Series
<br />TTG11
<br />2 jo
<br />11/1/54
<br />15,000.00
<br />43,500
<br />U.,
<br />S.
<br />Defense
<br />Series
<br />"GTT
<br />21%
<br />2/1/55
<br />1+31500-00
<br />2,500
<br />U.
<br />So
<br />Defense
<br />Series
<br />11GT1
<br />2a%
<br />4/1/55
<br />21500-00
<br />6,500
<br />U.
<br />S.
<br />Defense
<br />Series
<br />"GtT
<br />2�e
<br />5/1/55
<br />6,500.00
<br />26,000
<br />U.
<br />S.
<br />Defense
<br />Series
<br />TTGt1
<br />2--%
<br />7/1/55
<br />26,000.00
<br />5,000
<br />U.
<br />S.
<br />Defense
<br />Series
<br />rt GTT
<br />2,5-lo
<br />8/1/55
<br />51000.00
<br />15,000
<br />U.
<br />S.
<br />Defense
<br />Series
<br />TTGTT
<br />2�7q
<br />9/1/55
<br />15,000.00
<br />1,500
<br />U.
<br />S.
<br />Defense
<br />Series
<br />"G11
<br />2%
<br />11/1/55
<br />11500.00
<br />10,000
<br />U.
<br />S.
<br />Defense
<br />Series
<br />ti GTT
<br />21%
<br />1/1/56
<br />10,000.00
<br />Book
<br />Value
<br />$10,000.00
<br />10,000.00
<br />17,000.00
<br />15,000.00
<br />43,500.00
<br />2,500.00
<br />6,9500-00
<br />26,000.00
<br />5,000.00
<br />15,000.00
<br />1,500.00
<br />10,000.00
<br />Q
<br />
|