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' 86
<br />CAS T AL
<br />DEPOSITS FOR PERPETUAL CARE -1,.63 . -
<br />1,635.-00 -
<br />TOTAL CAPITAL 1 9635-00 -
<br />19635.00 .* -
<br />--------------------
<br />U. S. GOVERNMENT
<br />TOTAL DISBURSEMENTS $1 , 943, 044.42 $1499494.72
<br />5t1 , 703, 606.08 $2399438.34
<br />CASH BALANCE - JULY 1, 1947
<br />395,530.11
<br />ADD: RECEIPTS
<br />105040286.-33
<br />19899,816.44
<br />LESS: DISBURSEMENTS_
<br />1p,70 ,606.08
<br />ti
<br />_ CASH BALANCE - JUNE,30, 1948
<br />196,210.36
<br />LESS: MATER IMPROVEMENT FUNDS -$18,791.84
<br />CAPITAL CASH 1 .015.00
<br />_ 19.8 6.84
<br />COST
<br />OPERATING CASH BALANCE - JUNE 309 1948
<br />1761403.52
<br />$109000.00
<br />THE TREASURER AND SECRETARY SUBMITTED THEIR ANNUAL REPORT OF THE
<br />SINKING FUND COMMISSION
<br />DEFENSE
<br />FOR THE FISCAL YEAR ENDED JUNE 30, 1948. ON MOTION BY MR. TEBELL, SECONDED
<br />BY MR. GLEASON,
<br />2
<br />THIS REPORT WAS UNANIMOUSLY ACCEPTED AND ORDERED COPIED IN THE MINUTES
<br />OF THIS MEETING:
<br />'10,000.00
<br />JULY 29, 1948
<br />109000.00
<br />U.
<br />TO THE MEMBERS OF THE COUNCIL
<br />DEFENSE
<br />SERIES
<br />CITY OF CHARLOTTESVILLE, VIRGINIA
<br />21%
<br />•
<br />GENTLEMEN: ,
<br />109000.00
<br />VIE SUBMIT HEREWITH STATEMENTS COVERING THE OPERATION AND CONDITION
<br />OF THE SINKING FUND COMMISSION FOR THE FISCAL YEAR ENDED JUNE 309 1948.
<br />THE INTEREST EARNED ON SECURITIES DURING THE FISCAL PERIOD AMOUNTED
<br />TO $14,451.55 OR AN INTEREST EARNING RATE OF 3.06% ON THE REQUIRED RESERVE.
<br />THE SURPLUS IN THE SINKING FUND AT THE END OF THE FISCAL PERIOD
<br />AMOUNTED TO X909410.15. WITHIN THE NEXT FEW YEARS THIS SURPLUS WILL
<br />ENABLE THE CITY TO DISCONTINUE THEIR APPROPRIATIONS TO THE SINKING FUND,
<br />HOWEVER, NO CHANGE IS RECOMMENDED AT THIS TIME.
<br />RESPECTFULLY SUBMITTED,
<br />ERNEST L. Pt!GH jSI GNED)
<br />TREASURER
<br />JAS, E. BO�,yEN JR. ( S I GU,F
<br />SECRETARY
<br />THE SINKING FUND COMMISSION
<br />GENERAL STATEMENT FOR THE FISCAL YEAR ENDED
<br />JUNE 300 1948.
<br />SINKING FUND AS of JULY 1, 1947 X5371,392.61
<br />INCREMENT:
<br />INTEREST ON SECURITIES 14,451.55
<br />ANNUAL APPROPRIATION 119828.98
<br />PROFIT SALE OF SECURITIES (EXHIBIT 111) 1,5.0
<br />TOTAL INCREMENT x'269295.53
<br />LESS: DISBURSEMENTS:
<br />•
<br />ACCRUED INTEREST 382.55
<br />TOTAL DISBURSEMENTS 382.55
<br />NET INCREMENT FOR FISCAL YEAR 8-258912.98
<br />SINKING FUND AS OF JUNE 302 1948 $5639305.59
<br />LIST OF SECURITIES OWNED AS OF JUNE 309 1948
<br />--------------------
<br />U. S. GOVERNMENT
<br />BOOK
<br />ti
<br />AMOUNT
<br />NAME
<br />INTEREST
<br />DUE
<br />COST
<br />VALUE
<br />$109000.00
<br />U.
<br />S.
<br />DEFENSE
<br />SERIES
<br />"G"
<br />2
<br />8,11/54
<br />"S10,000.00
<br />'10,000.00
<br />109000.00
<br />U.
<br />S.
<br />DEFENSE
<br />SERIES
<br />"G"
<br />21%
<br />91!54
<br />109000.00
<br />109000.00
<br />17,000.00
<br />U.
<br />U.
<br />S.
<br />S.
<br />DEFENSE
<br />SERIES
<br />"G"
<br />"G"
<br />21
<br />10/1!54
<br />17,000.00
<br />179000.00
<br />15,000.00
<br />DEFENSE
<br />SERIES
<br />2�
<br />11/1"/54
<br />159000.00
<br />159000.00
<br />.439500.00
<br />U.
<br />S.
<br />DEFENSE
<br />SERIES
<br />"G"
<br />211-%
<br />2/1/55
<br />439500.00
<br />431,500.00
<br />29500.00
<br />U.
<br />S.
<br />DEFENSE
<br />SERIES
<br />"G"
<br />210
<br />4.!1/55
<br />29,500.00
<br />2,500.00
<br />69500.00
<br />U.
<br />S.
<br />DEFENSE
<br />SERIES
<br />"G"
<br />2': 0
<br />5/1/55
<br />6, 500.00
<br />69500.00
<br />26,000.00
<br />U.
<br />S.
<br />DEFENSE
<br />SERIES
<br />"G"
<br />2J
<br />7,1/55
<br />26,00-0.00
<br />269000.00
<br />59000.00
<br />U.
<br />S.
<br />DEFENSE
<br />SERIES
<br />"G"
<br />2'� 0
<br />8/1/55
<br />5,000.00
<br />51000.00
<br />159000.00
<br />U.
<br />S.
<br />DEFENSE
<br />SERIES
<br />"G"
<br />21 0
<br />9/1/55
<br />159000.00
<br />159000.00
<br />19500.00
<br />U.
<br />S.
<br />DEFENSE
<br />SERIES
<br />"G"
<br />221---leo11,/
<br />1/55
<br />1 ,500.00
<br />1 ,500.00
<br />
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