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• <br />16 <br />0 <br />Ln <br />CA <br />• <br />Ll <br />• <br />3.3.7. <br />JULY 30, 1951 <br />TO THE MEMBERS OF THE COUNCIL <br />CITY OF CHARLOTTESVILLE, VIRGINIA <br />SINKING FUND _ n <br />REPORT GEnTLEMEN: ' <br />WE SUSM I T HEREWITH STATEMENTS COVERING THE <br />OPERATION AND 8ONDITION OF THE SINKING FUND <br />COMMISSION FOR THE FISCAL YEAR ENDED JUNE 30, 1951. <br />THE NET INCREMENT TO THE SINKING FUND ACCOUNT <br />FOR THE FISCAL -PERIOD AMOUNTED TO $30VO31.41. <br />THE SURPLUS IN THE SINKING FUND AT THE END <br />OF THE PERIOD UNDER REVIEW WAS IN THE SUM OF <br />X95,696.63. WE CONSIDER THE CONDITION OF THE <br />SINKING FUND TO BE MOST SATISFACTORY$ AND <br />RECOMMEND THAT THE PRESENT POLICY WITH REGARD TO <br />ANNUAL APPROPRIATIONS BE CONTINUED. <br />RESPECTFULLY SUBMITTED, <br />C,US K. TEBELL (5' G 'NE1) <br />ERrs�L, _F , ,. S rNED) <br />Vivi.- -M.- P l- a.'c E (S -L N E D <br />THE $1 NK I NF� C 0 PMM I� S�_, ION <br />GENERAL -STATMENT- OR F SCAL YEAR E�,MED <br />JUNE 300. -1951 <br />SINKING FUND AS OF JULY 1, 1950 . . . . . . . . . . 05899189.74 <br />INCREMENT: <br />INTEREST OM SECURITIES 0 0 . . . . . .190321.75 <br />ANNUAL APPROPRIATION . . . . . . . . . 11,433.16 <br />PROFIT SALE SECURITIES .. . 85. 00 - <br />TOTAL INCREMENT . . . . . . . . . . . . .030,839.91 <br />LESS: DISBURSEMENTS <br />ACCRUED INTEREST, COMN4 1 SS I ON, ETC. 808._5 <br />NET INCREMENT -FOR YEAR . . . . 00031.41 <br />SLINKING FUND AS OF JUNE 300 1951 . . . . . . . . . . . A61 �. <br />-THE S INK I_NG _FU^,:D 1 a OIIN <br />STATEMENT <br />CASH BALANCE JUNE 309 1950 . . . . . . . . . . . . . 14,189.74 <br />RECE ! PTS <br />INTEREST ON SECURITIES . . .%19,321.75 <br />ANNUAL APPROPRIATION . . 119433.15 <br />SECURITIES SOLD.. 39,000.00 <br />PROFIT SALE SECUR I T i ES . . . 85.00 69.,83991 <br />L <br />TOTAL RECEIPTS_ AND BALANCE . . . 84,029_.65 <br />D rSBQRSEMENTS: <br />SECURITIES PURCHASED . . . . . . . .$61,000.00 <br />ACCRUED INTEREST, COMMISSION, ETC. 800 50 <br />TOTAL DI SBURSE-MENTS . . . . <br />CA^SH BALANCE JUNE 30, 1951 . .. -S 22 21.1 <br />SINKING F,ND COMMISSION <br />n <br />V <br />L i ST OF SECURITIES PREV 1 <br />C'SLY CHARGED QFF <br />M UN . <br />0109000.00 <br />DE CR 1 pl. 1 otg <br />S.CHUBERT'S THEATRE 6's <br />1942f <br />RE9�ARK <br />DEPOSITED <br />1C9000.00 <br />HAVANA ELECTRIC RWY. CO. <br />51- 1951 <br />NOT <br />REPO <br />12,000.00 <br />R_1 CH ARDSON & BOYNTON 62' <br />S 1937 <br />NOT <br />-SITED <br />DE PO -3I TE,D <br />8,000.00 <br />HOUS 1 NG & REALTY I fAP. CO. 7' S 1946 <br />NOT <br />DEPO.S 1 TED <br />5,000.00 <br />GERMAN CENTRAL BANK OF AGR. 6's 1950 <br />NOT <br />DEPO.S I TED <br />100 <br />SHARES GEORGIA—CAROLINA <br />BRICK CO. <br />NOT <br />DEPOSITED <br />i <br />