Medford mail tribune. (Medford, Or.) 1909-1989, June 22, 1960, Image 18

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Medford mail tribune., June 22, 1960, Image 18

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Newspaper Page TextWEDNESDAY. JUNE 22, ItSt MEDFORD, MAIL TRIBUNE, MEDFORD, ORE. B .3 Actual Expenditures JSS7-8I STREET DIVISION (Centlnued) 14,434.49 3,742.33 $ 36,490.02 $195,874.38 usi-ti f 17,242.19 $ 22,076.98 $163,993.53 Budget 1IIM9 $ 64,501.00 $ 80,301.00 $283,226.00 Object Item ImprovemenU - Other Than Bldg. Improvement! Bldg. ToUl Capital Improvement GRAND TOTAL 67,270.00 ..$ 87,270.00 ..$286,119.00 FUND ACCOUNTING: Estimated Balance July 1, 1960 Estimated 1960-61 Receipts: Stat Highway Department ... Current Servicei ........... Transfers .. $ 14,350.00 $180,155.00 15,050.00 8,764.00 203,969.00 Total Estimated Funds Available 196041 Property Tax Levy ,..., LIBRARY MAINTENANCE FUND. LIBRARY DEPARTMENT $288,319.00 None $ 4,980.00 514.00 2,000.00 ' 9,208.11 7,235.75 2,305.00 1,646.40 1,651.35 . 1,905.00 1,766.03 $ 33,211.64 $ 2,877.47 6,195.20 1,306.27 150.00 $ 10,528.94 $ 989.01 9,485.57 $ 10,474.58 $ 94,215.16 $ 8,400.00 4,045.20 2,275.75 10,111.56 9,090.88 2,812.00 1,680.00 1,523.55 586.48 2,094.80 $ 39,620.22 $ 2,642.38 8,766.20 2,481.62 113.05 $ 14,003.25 $ 1,164.89 9,821.28 $ 10,986.17 $ 64,609.64 $ 6,000.00 7,140.00 5,180.00 10,620.00 10,860.00 4,216.00 1,710.00 1,500.00 500.00 2,875.00 $ 50,601.00 $ 2,600.00 27,740.00 1,000.00 150.00 $ 31,490.00 $ 1,350.00 9,540.00 $ 10,890.00 $ 92,981.00 PERSONAL SERVICES: Head Librarian (1) $ 8,960.00 Senior Librarian (1) .. 8,920.00 Librarian (1) 4.800.00 Principal Clerk (3) 11,520.00 Clerk Typlit II (4) 11,700.00 13,638.00 1,800.00 2,624.00 3,720.00 Clerk Typist I (6) . custodian (i) Student Worker Temporary Employee Retirement, Ins. & Soc. Sec. Total Personal Services $ 62,282.00 OPERATION AND MAINTENANCE: Commodities $ 2,500.00 Contractual Services 30,414.00 Repair and Maintenance - Bldg 800.00 Repair and Malntenanct - Equipment 150.00 Contingency Total Operation and Maintenance ........$ 33,864.00 CAPITAL IMPROVEMENTS: Equipment $ 2,577.00 Books Ic Periodicals 10,981.00 Total Capital Improvements $ 13,558.00 GRAND TOTAL .... $109,704.00 FUND ACCOUNTING & PROPERTY TAX LEVY COMPUTATION: Total Estimated Expenditures $109,704.00 Less: Estimated Balance July 1, 1960 $ 1,001.00 Estimated non-tax revenue 101,521.00 102,522.00 Amount necessary to balance budget - ..... Tax Levy Outside 6 Limitation: (Allowable 1960-61 Levy $ 8,000.00) (Less: 1960-61 Dellnq. Ic Disc. . 818.00) (Estimated 1960-61 Receipts .,....$ 7,182.00) PARK AND SWIMMING POOL FUNDi PARK AND RECREATION DEPARTMENT $ 7,182.00 4,680.00 7,337.10 4,680.00 7,560.00 $ 890.00 $ 540.00 $ 7,080.00 l.UOU.UU 5,040.00 3,960.00 3,960.00 11,685.00 1,290.00 8,194.00 1,350.00 3,600.00 1,200.00 1,620.00 6,224.13 7,602.34 1,568.00 2,674.63 1,151.68 1,043.69 1,353.64 1,207.03 1,758.77 3,084.22 1,164.38 1,184.22 503.65 1,505.04 8.896.00 PCRRONAT, SERVICES: Park 6c Recreation Director (1) $ 7,680.00 Clerk Steno (23) 2,100.00 Park Maint. Supervisor (1) 5,640.00 Park Utility (1) 4,680.00 Park Gardener (1) .... ..- 4,440.00 Park Laborer (4 at 270-390) 15,240.00 Recreation Supervisor (1) 6,530.00 Recreation Leader (24 mos. PT at 240-350) 7,404.00 Swimming Pool Mgr.. (2 PT at 330410) 2,220.00 Guard Instructor (18 mos. PT at 240-300) 9,580.00 Cashier (6 mos. PT at 220-240) 1,320.00 Pool Attendants (15 mos. PT at 180) .... 2,700.00 TmMrirv Emnlnvee Retirement, Ins. Ic Soc. Sec 4,217.00 $ 27,829.90 $ 29,582.62 $ 82,999.00 $ 3,114.40 $ 3,481.08 $ 4,208.00 2,381.58 2,993.77 3,770.00 975.00 3,757.36 1,000.00 1,937.35 991.43 2,500.00 $ 8,408.33 $ 11,223.64 $ 11,475.00 $ 919.88 $ 71.05 $ 2,366.00 292.27 500.00 489.16 77,300.00 $ 1,409.04 1 363.32 $ 80,186.00 $ 37,647.27 $ 41,169.58 $144,896.00 Total Personal Services $ 60,791.00 OPERATION AND MAINTENANCE: Commodities $ 8,387.00 Contractual Services 9,195.00 Renalr and Maintenance - Eautoment .. 254.00 Repair and Maintenance - Grounds 600.00 Total Operation and Maintenance $ 18,436.00 CAPITAL IMPROVEMENTS: Equipment $ 3,250.00 Improvement - Bldg Improvement Other than Bldg. ....... 5,150.00 Total Capital Improvements........... $ 8,400.00 GRAND TOTAL $ 96.587.0C FUND ACCOUNTING PROPERTY TAX LEVY COMPUTATION: Total Estimated Expenditures - . .......... Less: Estimated Balance July 1, 1980 $ 3,800.00 Estimated non-tax revenue .- 65,511.00 $ 96,887.00 69.311.00 Amount necessary to balance budget .......... ......... Tax Levy Outside 6 Limitation: (1959-60 Levy $ .336.00) (Plus 6 . 1,580.00) $ 27,278.00 (Allowable 1960-61 Levy (Less: 1980-61 Dellnq. Disc. (Estimated 1960-61 Receipts ...$ 27,916.00) 640.00) ..$ 27,276.00 ICWlfiE TREATMENT PLANT MAINTENANCE FVNDi SEWAGE THBATM.nx gEtawB TREATMENT DIVISION PERSONAL SERVICES: Plant Supervisor U) Operators (4Vi at 300-370) .. Retirement, Ins. 6c Soc. Sec. $ 8,160.00 $ 9,160.00 $ ,g.?2? 16 528.63 16,144.30 1B,695.00 i;il7.20 1,263.99 1,661.00 $ 22,805.83 $ 22,568.29 $ 28,036.00 $ 2,246.30 $ 3,039.83 $ S.OOO.OO 6624.57 6,382.86 7,854.00 3!l28.59 2,591.41 5,400.00 $ 11,999.48 $ 12,014.10 $ 16,254.00 $ 3.20 $ 3,067.25 $ 100.00 746.68 486.17 749.88 $ 3,583.42 $ 300.00 $ 35,555.17 $ 38,135.81 $ 42,880.00 $ 6,060.00 ... 18,798.00 1,920.00 NANCE: Plant . $ 26,778.00 3,300.00 8,460.00 2,000.00 1 Total Personal Servicei OPERATION AND MAl Commodities Contractual Services Repair and Maintenance ToUl Operation and Maintenance $ 11,760.00 CAPITAL IMPROVEMENTS: Eaulmnent $ 1.400.00 Improvements Building Total Capital Improvements . GRAND TOTAL FUND ACCOUNTING: ,... Estimated Balance July 1, I960 iv-""- Estimated 1960-61 Receipts: Sewer Service Charge ToUl Estimated Funds Available 1960-61 ...... Property Tax Levy ..$ 3,400.00 ..$ 43,918.60 ..$ 8,814.00 .. 35,424.00 . $ 43,938.00 None AIRPORT BOND CONSTRUCTION FUND S7 147 48 1 51.423.26 4,845.00 Construction FUND ACCOUNTING: Balance July 1, 1960 ... Property Tax Levy . None None AIRPORT RECONSTRUCTION FUND S 2.672.95 $ 6,067.91 $ 4,645.00 Construction ''"'"jD ACCOUNTING: . Balance July 1, I960 .-. - Estimated 1960-61 Receipt .................. $ 10,226.00 .$ 6,866.00 3,360.00 Total Estimated Funds Available ........ Property Tax Levy ...................... .......... ARTERIAL STREET BOND CONSTRUCTION FUND 1 10.366.20 $429,900.00 Construction ...$ 10,226.00 . none S "jjfrtML LEVY COMPUTATION: Total Esumaieo txpenanurc ... Less: Estimated Balance July 1, 1960 Estimated non-tax revenue Bond Sale ...i............ $147,187.00 500.00 . 120,000.00 $408,517.00 488,817.00 267,687.00 $140,130.00 ..$141,600.00) .. 2,770.00) 77.71 Amount necessary to belane budget (Authorised Levy Outside 6 Limitation (Less: 1980-61 Dellnq. k Dlse. (Estimated 196041 Tax Receipt! ..... $140,136.00) CAMP WHITE SEWER BOND CONSTRUCTION FUND si jb 449 Asl Pemmtrttftiesn ' " Transfer Sewsge Trestment Res. Fund $ 41,447.00 FUND ACCOUNTING: Estimated Balance July 1, MM - EstimateS 116041 ReceipU .,.o.. ToUl Estimated Funds Available 1160-11 Property Tax Levy . $ 49,447.00 $ 41,447.00 mm sees) vlOnV SANITARY SEWER CONSTRUCTION FUND Aetual Expenditures 11IM1 lltt-tl Budget 1111-10 $ 22,341.79 $ 37,662.00 Object Item Construction Budget 1110-11 . $ 20,385.00 FUND ACCOUNTING Jc PROPERTY TAX LEVY COMPUTATION: ToUl Estimated Expenditures Less: Estimated Balance July 1, 1960 . - $ 20,385.00 1,748.00 Stock Market Replacing Other Sectors as Inflation Engine' Amount necessary to balance budget $ 18,637.00 (Authorlted Levy Outside 6 LlmiUtlon $ 19,000.00) (Less: 1960-61 Dellnq. Ic Disc. ..- 363.00) (Estimated 1860-61 Tax ReceipU $ 16,637.00) STORM SEWER BOND CONSTRUCTION FUND 16,148.11 $ 25,131.00 $102,470.00 Construction $111,156.00 FUND ACCOUNTING Ic PROPERTY TAX LEVY COMPUTATION: Total Estimated Expenditures $111,156.00 Less: Estimsted Balance July 1, 1960 . . 64,563.00 Amount necessary to balance budget $ 46,593.00 (Authorized Levy Outside 6 LlmiUtlon $ 47,500.00) (Less: 1960-61 Dellnq. 6c Disc 907.00) (Estimated 1960-81 Tax ReceipU $ 46,893.00) TRUNK SEWER BOND CONSTRUCTION FUND 1.13 Transfer General Fund FUND ACCOUNTING: Balance July 1, 1980 None Property Tax Levy .... None SEWAGE TREATMENT RESERVE FUND Construction $ 90,084.00 FUND ACCOUNTING: Balance July 1, 1960 . . Estimated 1960-61 ReceipU $ 90,084.00 ToUl Estimated Funds Available $ 90.084.00 Property Tax Levy None LIBRARY BOND CONSTRUCTION FUND 39.59 Transfer General Fund ........ FUND ACCOUNTING: Balance July 1, 1960 None Property Tax Levy .. None PARK AND SWIMMING POOL BOND CONSTRUCTION FUND 290.30 Construction FUND ACCOUNTING: Balance July 1, 1960 None Property Tax Levy . None RECREATION FUND $ 2,150.86 Development of Recreation 500.00 Transfer Park 6c Swimming Pool Fund FUND ACCOUNTING: Balance July 1, 1960 None Property Tax Levy ...... None JACKSON STREET SWIMMING POOL AND PARK RESERVE FUND Transfer General Fund $ 1,000.00 FUND ACCOUNTING: Balance July 1, 1960 $ 1,000.00 Property Tax Levy ..... . ................ None PARK AND RECREATION IMPROVEMENT FUND Construction $150,500.00 FUND ACCOUNTING: Balance July 1, 1960 $ 500.00 Sale of Property 150,000.00 $ 1,271.83 Total Estimated Funds Available . ............... ................ Property Tax Levy FIRE DEPARTMENT BOND CONSTRUCTION FUND Construction ..... ...$150,500.00 ... None FUND ACCOUNTING: Balance July 1, 1960 . None Property Tax Levy Nona 76,000.00 17,621.55 GENERAL BOND SINKING FUND 93,000.00 $105,000.00 Bonds Redeemed $ 95,000.00 20,531.25 21,673.00 Interest 18,609.00 $ 93,621.69 $113,531.25 $126,673.00 TOTALS 1110.609.00 runu aucjuuntinu & PROPERTY tax levy computation: ToUl Estimated Expenditures Less: Estimated Balance July 1, 1960 Estimated ReceipU - Dellnqs. Prior Yrs BY ELMER C. WALZER UPI Financial Editor New York-(UPD -While the economists argue over growth of the economy and what the annual 8,116.00 9,898.00 $110,609.00 18,014.00 Sub Total Add: 1960-61 Delinquencies 6c DlscounU Total 1960-61 Levy not subject to 6 LlmiUtlon , $ 92,595.00 $ 10,736.00 $ 60,261.30 21,794.92 $ 61,247.08 37,400.00 $103,331.00 WATER BOND SINKING FUND $ 67,260.00 Bonds Redeemed $ 72,250.00 37,400.00 Transfer Water Constr. Fund 37,000.00 $ 82,016.22 $ 98,657.06 $104,660.00 TOTALS $109,280.00 FUND ACCOUNTING It PROPERTY TAX LEVY COMPUTATION: Total Estimated Expenditures Less: Estimated Balance July 1, 1960 .. $ 4,518.00 Estimated ReceipU - Dellnqs. Prior Yrs. . 4,000.00 Transfers 81,150.00 $109,250.00 69,668.00 Sub ToUl Add: 1960-61 Delinquencies & DlscounU $ 39,882.00 4,506.00 $ 44,088.00 20,000.00 6,660.00 ToUl 1960-61 Levy not subject to 6 LlmiUtlon CAMP WHITE SEWER BOND SINKING FUND $ 20,000.00 $ 20,000.00 Bonds Redeemed $ 20,000.00 pe r- cenUge ought to be, Wall Street haa its own growth department. So called growth stocks have domi nated trading for a long nsaarWasser time to the detriment of the blue chips. Everybody wants glamour, say the market men. As Business Week in iu current issue points out, this is a group of markeU. It notes that we have had a bear mar ket in the old sUndbys and a bull market in other sec tions, and quotes an analyst who says: "If you picked the right stocks, you could have done better than in the bull mar ket, but If you picked the wrong ones, you could have lost your shirt." From time to time, the ex perts 'have said the market was in a period of deflation. 'Engine of Inflation A. Wildred May, executive director of the Commercial and Financial Chronicle, holds that the stock market Is fast replacing other sec tors in the economy as "the country's engine of inflation." In this process, says MAy, growth-itls has joined blue chlpltis and spllttomanla as an excuse for driving many stock prices to levels "far be yond jutification on value tests. "This insatiable quest for growth in securities is in line with its current fashlonable- ness throughout the econ omy." He holds that growth stocks have already discounted their future and adds that even If we make the assumption that the dividends on these issues will continue their rate of in crease enjoyed over the past decade, "the holders must now wait another ten years before they get a net return equal to that from treasury bonds." May aims a barb at the mu tual funds snd classifies them among what he calls "mark- keters." Too often, he says, "they are represented to pros pective buyers as guarantors of annual caplUl gains. Complete Shift "And the stressing of mar ket profits pervades the lit erature, as for example In their charU of past perform ances, as they are used by track addicU to dope the horses. Actually the record shows that to pick the fund winners is just as difficult, there be ing a complete shift In the year-to-year relative caplUl gains performance records of the Individual funds." Business Week lists among the growth stocks the elec tronics, office equipments, some utilities, leisure stocks, and publishing. Last Week Wall Street inserted the vend ing machine group into the list. Speaking of electronics, Business Week notes that brokers warn that while some of these companies will un doubtedly grow at a very fast rate, others will fall by the wayside. Entranced With Growth "But," says the publication, Investors appear to be en tranced with the growth con cept just as they were earlier drawn to the cult of common stocks." As a result of the demand for growth Issues, says Busi ness Week, price-earnings ra tios range up to 100 times 1960 earnings prospects for 6.050.0O 8,500.00 Interest 5,000.00 $ 26,650.00 $ 26,050.00 $ 28,500.00 TOTALS $ 25,000.00 runu Auuouniiwii: Estimated Balance July 1, 1960 $124,718.00 Estimated 1960-61 ReceipU: Sewer Service Charge 26,111.00 ToUl Estimated Funds Available 1960-61 Property Tax Levy ..$182,820.00 ,. None 5,000.00 800.00 SEWAGE DISPOSAL BOND SINKING FUND 5,000.00 $ 5,000.00 Bonds Redeemed 300.00 100.00 Interest Transfer Sewsge Treatment Res. Fund $ 40,637.00 $ 8,800.00 $ 8,300.00 $ 8,100.00 FUND ACCOUNTING: Estimated Balance July 1, 1980 Total Estimated Funds Available 1960-61 $ 40,637.00 Property Tax Levy None TOTALS $ 40,637.00 $ 40,637.00 Afrnnrt A Airport B 63,000.00 Airport t oi,uvv.vw Armory Construction 28,000.00 Arterial StreeU 00.000.00 Fire Department u.uuu.uu Jackson Street Bridge 8,000.00 Park Improvement A iu.ouu.uu Park Improvement B 17,500.00 SaniUry Sewer 28,000.00 Sewage Plant Enlargement A . 2,000.00 Storm Sewer - 78,000.00 Storm Sewer A 42,000.00 Storm Sewer B ,uuu.uu CONSOLIDATED BOND FUND 110.00 Transfer General Fund , FUND ACCOUNTING: Estimated Balance July 1, 1960 ............. .................. Property Tax Levy None None 34,811.50 13,807.82 186.86 $ 40,000.00 10,145.81 357.43 21,717.43 IMPROVEMENT BOND FUND $ 50,117.00 Bonds Redeemed $ 81,000.00 interest ............................ Bond Sal Expense .... Transfer Spec. Assmt Fund 11,199.00 40U.U0 1,618.00 790.00 $ 41,994.18 1 72,220.67 1 61.766.00 FUND ACCOUNTING: Estimated Balance July 1, 1960 ..... Estimated 1960-61 ReceipU: Special Assessment Principal ., Special Assessment Interest TOTALS . . . $ 61,365.00 $192,758.00 88,000.00 9,000.00 . $256,758.00 None $271,790.56 10,957.21 38,554.33 ToUl Estimated Funds Available 1160-61 Property Tax Levy SPECIAL ASSESSMENT FUNDS $188,341.83 $140,000.00 WarranU Paid $638,000.00 10,040.30 1,500.00 Interest 9,000.00 18.824.16 65,458.00 Transfer General Fund 86,868.00 a. 483.48 Transfer Water Fund 4,000.00 Transfer SUU Tax Street Fund 4,664.00 $341,178.19 1204,671.77 1110,998.00 TOTALS FUND ACCOUNTING: Estimated Balance July 1, 1960 ....... Estimated 1960-61 ReceipU: Bond sale Special AssessmenU $735,432.00 $ 81,091.00 ..$600,000.00 . 60.000.00 Interest 2,000.00 ToUl Estimated Funds Available 1960-61 ... SUMMARY OF PROPERTY TAX LEVIES Foe Fiscal Year 1960-11 862,000.00 General Fund ??MI5 92 Fire Maintenance Fund 111.699 00 Park and Swimming Pool Fund 27,916.00 Library Fund $,000.00 General Bond Sinking Fund 103,331.00 Water Bond Slaking Fund 44.OU.00 Arterial Street Fund Sanitary Sewer Fund Storm Sewer Fund .... ToUl City General Property Tax Levy $743,011.00 143.600.00 19,000.00 47,500.00 ..$171,110.00 some of the most fUmorousj electronic Issues. "This wide spread Is ua usual," says the magaiine, "and has never before lasU4 for so long. But there 1 as) yet no sign that the demantf for growth is over." ; From time to time, it la noted, the market is good the old favorites. A week ago, the Dow-Jones industrial av erage had a record weekly rise. According to market an alysU, quoted by Business Week, "the good growth Is sues should continue in favor, but investors won't go on buy? lng the untested ones Indefinitely." - " - a a . . - . , . m PEN PALS MEET Miss Lily Llmbaugh and Giuseppe) Robertao Trampus of Italy, pen pals for the past 12 yean, meet in Memphis, Term. He even sent her a Upe recording of his voice. Now they're together after Trampus flew tor Memphis but Miss Llmbaugh, a speech therapist, says It a little too early" to talk of romance. (UPI Telephoto) Quotes From the News BY UNITED PRESS INTERNATIONAL Brussels Israeli Premier David Ben-Gurlon. sUtlng hli nosition that accused mass-murderer Adolf T.lchminn hid been persuaded by Israeli volunteers to leeve his hiding; place in Argentina and accompany them to Israel: - - "We do not care to Investigate how he was persuacee." Washington Rep. Clarence Cannon (D-Mo.), replying to. budget director Maurice Stans' charge that congressional DemocraU were playing fast and loose with the administra tion budget surplus: "We come to expect statements like this Just before elee ilon campaigns." ; Bucharest, Romania Soviet Premier Khrushchev, ex pressing Interest in the American presidential campaigns: "Our sute, our people, are . . . interested In the elestie) of such a president and the formation of sueh govern! as would remedy the mistake mad by th present goverae ment of the United States." ; f Hollywood Movie actress Shirley MacLaine, sUtlng why she is a Democrat: ' -' i "I'm a Democrat mostly because the party believe is) the same things I believ in." Special Evangelistic Service Evtry Evening 7:30 p.m. June 20-Junt 24 The Salvation Army 4th and lartlett St. Special Music ft Speakers! You Are Welcome! STATEMENT OF INDEBTEDNESS CITY OF MEDFORD. OREGON July L 1110 $ 40,000.00 Storm Sewer C Trunk Sewer la.ooo.otf 80.000.tW I00.000.ftf Camp White Sewage Disposal . Water system enlargement Kenwood Water District Grandvlew Water Dlst. No. 1 ... Grandvlew Water Dlst. No. 1 ... Improvement Bonds (Including Water) TmnMmnt Rnndi rTncludlnC Water as of April 1, 1960) 558,121.4f. ..1,411,000.1 ... JS.OOO.O ... 74,000.C .. 33,009 64 ... 110,411. it TOTAL . $4,24l,40.r BUDGET MEDFORD WATER COMMISSION WATER FUND 1 July, 1160 to 30 June. 1911 Actual 1117-1151 Aetual ltSt-1151 RECEIPTS: Water Revenue Service Connections and Work for Customers Equipment RenUl ...... Connection Fees Water District Operation Sale of Forest ProducU Rents Interest Miscellaneous Total Receipts .... ..1401,497.82 $409,009.80 798.82 8,272.68 934.19 1,081.58 .. 2,400.00 8,640.00 8,200.96 5,690.78 .. 1,305.00 4,065.33 240.00 240.00 ., 6,300.73 8,237.57 268.80 1,803.89 Estimated Total 1189-1910 1429,611.11 . Estimate Budget.-. 111M1 $441,20 Of 6,085.11 1,070.15 6,908.00 6,549.48 1,800.00 240.00 3,166.10 (499.40) H.tso.ii $,$. m 1,900.1? Estimated Cash on Hand 30 June 1960 TOTAL EXPENDITURES: Operating Expenses Franchise Taxes Interest on Bonds CaplUl Expenditures $418,943.72 $438,991.63 $454,569.90 $136,458.12 $149,466.06 , $172,666.17 4,341.04 4,529.40 5,182.39 58,733.00 55,237.95 53,880.00 199.473.70 303,179.87 188,059.59 Increase In Inventory of Supplies (63,918.17) 22,551.63 ."' Transfer to Water Bond Sinking Fund 8,000.00 22,000.00 Transfer to Water System Construction Fund 20,000.00 Total Expenditures : $355,089.69 $539,964.91 $445,775.22 ESTIMATED BALANCE 30 June, 1961 BUDGET MEDFORD WATER COMMISSION WATER SYSTEM CONSTRUCTION FUND 1 July. 1110 to 30 Juno, 1111 RECEIPTS: , . Transfer from water runa u,uuu.uu Interest : . 3.025.8 Sale of Material 1100 Total ReceipU $ 23,036.65 $ 1,129.09 $ 9,356.91 Estimated Cash on Hand 10 June, 1980 - TOTAL ....... . .... - EXPENDITURES: ToUl Expenditure --. 1,125.09 8,156.1$ $461,00.10 f .ill3.141.0f . $610,711.05 1 81.117.ff 121,170.tf , 24,110 99,0tX.6V 1998,413.11 ..$ S4.114.li 1104,100.0 ..illl,lt4.7 $237,24.t ESTIMATED BALANCE 30 June, 1911 , .$117,144.71 . 0