Newspapers / The Cherokee Scout (Murphy, … / Feb. 24, 1944, edition 1 / Page 2
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YOUR LIBRARY By Dora Ruth Park* Regional Librarian "A Friend of Libraries" ? This is a good term and one which may be applied to Mr. M W Bell. He was an especially good friend to the Murphy Carnegie Public Li brary. During his years of ser vice as Chairman of the Board of Trustees, he saw rather import ant. developments take place in Murphy Library Service. A philo sophy of Public Libraries develop ed in Murphy and spread into Cherokee. Clay and Graham counties. That philosophy is even more far reaching, because now people in all three counties are passing it on to other com munities into which they move or visit. The many hours which Mr. Bell contributed to the com munity activity are paying divid ends to every citizen in Murphy and in Cherokee. Clay, and Gra i am counties. The use made of library facilities is a literal "note of thanks" to Mr Bell and to all other trustees and individuals who give of their time to make the service available. i < Gasoline Black Markets Spread The spread of gasoline black j markets in the southeast, in which gas is purchased with stolen or counterfeit coupons, has caused the temporary "drying up" of fill- 1 ing stations in several areas, not- j ably in North Carolina, the Office 1 of Price Administration has an- 1 r.ounced. Gasoline black markets. OPA officials admit, is one of their most serious problems and L. W Driscoll, district director of OPA at Charlotte, said: It is doing more than encouraging crime; it is actually sapping the strength of the whole war effort and Is robbing honest car owners of their share of the nation's limited sup ply." "It should be remembered", he continued, "that there is only so much gasoline available for home use and that amount cannot be increased because there is an actual shortage of petroleum, too. It has been estimated that black market parasites are robbing motorists of about 45 gallons of driving each month. But for this illegal black market drain, the value of "A" coupons might be 25 per cent greater." OPA's enforcement chiefs, Mr. Driscoll related, regard the pub lic's indifference to black markets as the most serious obstacle in the agency's war against illegal traffic. He repeated OPA's na tionwide request to all motorists to endorse their gasoline coupons with the license number in ink at the time they receive them from their local Boards, or, if they have not done so. write the license number across the face of them at once. "Anyone who buys black mar ket gasoline." he said, "is getting more than his share at the ex pense of others. Many people be lieve that gasoline rationing is in tended to deprive them of the use of their cars. Exactly the op posite is true. Rationing is in tended to provide a fair share of scarce gasoline to all so that the nation's essential automobiles can keep rolling." PIGS Every time a four-months-old pig dies, about 300 pounds of feed Is lost, says Dr. C. D. Grinnells. Experiment Station veterinarian at State College. monuments; * We are now manufac- i turing monuments of f all kinds, from either ; marble or blue granite, s SEE US BEFORE , BUYING. i Curb work and re-let- 1 tering a specialty. Write or See , McCLURE Monument Works ? Mlla Ina Mmrph; ?D.8.U Murphy, N. C. Rt. 2 Audit Report Town of Murphy, North Carolina As of June 30, 1943 FROM THE OFFICES OF W. Bowen Henderson Certified Public Accountant ASHEVILLE, NORTH CAROLINA MR. J. W. FRANKLIN, Mayor HOARD OF COMMISSIONERS MR. VV M. FAIN MR. NOAH LOVINGOOD MR. A. L. MARTIN DR. W. A HOOVER MR. ROBERT WEAVER DR B. W WHITFIELD ; AUDIT REPORT ? JUNE 30, 1943 The Mayor and Board of Commissioners. TOWN OF MURPHY. N. C. We have examined the records of the TOWN OF MURPHY j < N. C.? for the fiscal year ended June 30. 1943 and present report based upon the records examined At May 31. 1943 we confirmed! wa.e and electric consumers accounts and received a majority of replies agreeing with the records. Previously, at May 3. 1943 we audited cash transactions for the fiscal year to that date. We traced deposits to bank statements and examined all cancelled checks. Bonds and coupons retired and cancelled were examined, j Cash receipts and disbursements registers were examined in detail ;md supporting evidence was test-checked. Postings to the general kjger were proved and numerous accounts were analyzed. The 1942 r ax Levy was proved in detail. Tax receipts were accounted for as: ?ash or uncollected taxes. From information at May 15. &)43. it appears that the refinanc ing is complete and that some monies should be returned to the , Town of Murphy upon request. At this time we do not have a state- 1 nent from the Local Government Commission subsequent to May 15. j 1943 and some charges to your account may have been made after hat date However, it appears that there is $1,001.79 on deposit with he Local Government Commission which could be returned to you. ' Beginning January 1 1942. bond coupons were payable at Central Hanover Bank and Trust Company in New York City and he Town of Murphy sent funds to them for payment of the coupons vhen presented. The maximum amount of coupons due on any nterest date was $3.105 00 generally. $3,000.00 was deposited therefor >ut on one occasion $4,000.00 was deposited. At the same time the Local Government Commission had not ?xchanged all bonds and later upon exchange paid matured coupons or which monies were on deposit with the Central Hanover Bank ind Trust Company. The result of the foregoing was to create excess unds in the custody of Central Hanover Bank and Trust Company n an amount of approximately $1,165.00. The Bank holds such unds in various coupon accounts the total of which is $1,645.00 as ill proper matured coupons have not been presented We did not ? tttempt to assign the apparent excess of $1,165.00 to particular oupon accounts as kept by the Central Hanover Bank and Trust Company In February 1943. the Town of Murphy bought and retired a ace amount of its bonds totalling $12,388.36 at a cost of $11,136.04. I We will welcome any questions arising upon your further exami tation of this report. ?ebruary 10. 1944 Lsheville. N. C. TOWN OF MURPHY, N. C. CONSOLIDATED BALANCE SHEETS ? JUNE 30. 1943 ASSETS W BCWEN HENDERSON. C. P. A Con- Munici- Electric De 'ash. 'axes Receivable. onsumers Accounts Receivable, ?ther Accounts Receivable, rotes Receivable. nventories, 'roperties and Equipment, deferred Items. deposits, titer Departmental Accounts solidated pality partment $ 20.065.88 $ 9.018.99 $11,046.89, 29.171.27 29.171.27 10.283.92 6.091.45 4.192.47' 559.40 559.40 944.00 94400 7.747.11 3.534.43 4.212.68 73.507.90 | 123.79 | 384.215.50 310.707.60 123.79 5.121.79 5.121.79 Contra 'Credit' >. 2,424.26* 2.424.26 TOTAL ASSETS. $458,232.66 LIABILITIES ccounts Payable. $ 2,761.66 $ 181.90 $ 1.97976 lu-e to Other Units, 162.10 162.10 dvance Payments ? 1943 Taxes, 3,530.30 3.530.30 onds Outstanding, 305,589.64 261.589.64 44,000.00 ccrued Interest on Bonds 780.00 780.00 inking Fund Reserve - Principal 6,611.64 6,611.64 onsumers Meter Deposits 2.030.13 2.030.13 .sset Reserves, 20.057.23 11,090.75 8.966.48 urplus Reserves, 19 033.08 19.033.08 urplus, 97,676.88 78,398 94 19.277.94 TOTAL LIABILITIES, $458,232.66 $362,165.27 $96,067.39 TOWN OF MURPHY, N. C. BALANCE SHEET ? JUNE 30, 1943 < Excluding Electric Department i ASSETS FUNDS ] Debt Consolidated General Service Capital !ash. $ 9.018.99 $ 2.107.27 $ 6.911.72 $ posits for Interest, 5,121,79 5,121.79 raxes Receivable - All. 29.171.27 16.239.85 12,931.42 /tic o lice ted Water Rents, 6.091.45 6.091.45 lotes Receivable. 944.00 944.00 nventories. 3 534 43 3.534.43 leal Estate - Town Lot. 350.00 350 00 'roperties and Equipment: Vater and Sewer System, 172.051.19 172.051.19 Street and Lighting System. 115,390 85 115.390.85 Ire Equipment. 7.627.91 7,627.91 Office Equipment 1,045.72 1,045.72 .library Building - Equity, 9,500.00 9.500.00 3ther Properties. 4,741.93 4.741.93 TOTAL ASS E7TS, $364,589.53 $29,267.00 $24,964.93 $310,357.60 | LIABILITIES Salaries Payable. Commissioners $ 155 53 $ 155 53 $ $ Firemens Relief Fund. 626.37 626.37 Due to Other Units, 162.10 162.10 Advance Payment - 1943 Taxes 3,530.30 1,765.15 1.765.15 Electric Department. 2.434.26 3.434.36 Bonds Outstanding: Refunding 197,000 00 197.000.00 1 Interest Funding. (4.56*64 64.56S.64 1 i Sinking Fund Rest I've, Principal 6,611.64 6,611.64 TOTAL LIABILITIES. $275,099 84 $ 5.133 41 $ 8,376 79 $261,589.64 Reserves: For Uncollected Taxes $ 8.646 75 $ 5,172.53 $ 3,474.22 $ Fo.' Uncollected Water Rents. 1.500.00 1.500.00 For Notes Receivable. 944 00 944 00 Total Reserves, $ 11.090.75 $ 7,616.53 $ 3.474.22 Surplus. $ 78.398.94 $16,517 06 $13,113.92 $ 48,767.96 TOTAL LIABILITIES AND RESERVE $364,589.53 $29,267.00 $24,964.93 $310,357.60 TOWN OF MURPHY, N. C. ANALYSIS OF SURPLUS ? JUNE 30. 1943 FUNDS Debt Consolidated General Service Capital SURPLUS - July 1. 1942. $6(5.016.34 $16,157.78 $13,474.96 $36,383.60 CHARGES : Excess Expenditure and Debt Sinking Fund Requirement Over Debt Service Revenues. $ 1.363.36 $ $ 1.363.36 $ Increase in Reserves For Taxes, 500.00 250.00 250.00 Amount of Interest Rinding Bonds Issued Over Estimate. 4.00 4.00 TOTAL CHARGES, $ 1.867.36 $ 250.00 $ 1.613.36 $ 4.00 CREDITS: Excess of Revenues Over Expenditures General Fund. $ 609.28 $ 609.28 $ $ Discount on Bonds Purchased. 1.252.32 1,252.32 Bonds Retired. 12.388.36 12.388.38 TOTAL CREDITS. $14,249.96 $ 609.28 $ 1.252.32 $12,388.36 SURPLUS? June 30. 1943. $78,398.94 $16,517.06 $13,113.92 $48.767.9? TOWN OF MURPHY, N. C. STATEMENT OF OPERATIONS FOR THE FISCAL YEAR ENDED JUNE 30 1943 GENERAL FUND REVENUES: Tax Levy and Discoveries, $12,236.69 License Taxes. 637.45 North Carolina Intangible Tax. 454.39 Water Department Revenue, . 10,688.34 In Lieu of Taxes Electric Department. 3.361.28 Interest Earned. 677.95 Officer Cost. 1,573.30 Service Charge ? Electric Collections. . See Appropriations Miscellaneous Revenues. 239.90 Total General Fund Revenues $29,869.30 EXPENDITURES ? Shown In Appropriations Statement Hereto. 29.260.02 EXCESS REVENUE OVER EXPENDITURES. $ 609.28 DEBT SERVICE FUND REVENUES: Tax Levy and Discoveries. $12,099.86 Water Department Allocation, 1.500.00 Total Debt Service Revenues. $13,599.86 EXPENDITURES AND SINKING FUND REQUIREMENTS. 14.963.22 EXCESS OF EXPENDITURES OVER REVENUE. $ 1.363.36 TOWN OF MURPHY, N. C. BUDGET POSITION ? JUNE 30, 1943 GENERAL AND DEBT SERVICE FUNDS Source or Division Budget Actual Surplus Deficit | GENERAL FUND REQUIREMENTS: 1942 Taxes. $12,214.91 $12,214.35 $ $ .56 j Tax Discoveries. 22.34 22.34 Interest on Taxes, 1.000.00 677.95 322.05 I Privilege Taxes. 1.200.00 637.45 562.55 1 Water Rents. 8.600.00 10,688.34 2,088.34 TV A Tax Loss Refund. 1.000.00 3,361.28 2.361.28 Court Costs, 2,000.00 1,573.30 426.70] Miscellaneous, 3.100.00 239.90 2,860.10 1 Intangible Tax, 454.39 454.39 Total Requirements, $29,114.91 $29,869.30 $4,926.35 $4,171.96 APPROPRIATIONS : Administration. $ 1.574.00 $ 2,164.10 $ $ 590.10 Street Department, 9.400.00 8,754.43 645.57 Police Department. 7,030.00 7,164.07 134.07 Fire Department. 526.00 774.28 248.28 Library, 750.00 773.32 23.32 Water Department. 6.564.00 5,827.68 736.32 Miscellaneous, 3.270.91 3.802.14 531.23 Total Appropriations. $29,114.91 $29,260.02 $1,381.89 $1,527.00 BUDGET SURPLUS - GENERAL FUND - NET $609.28 DEBT SERVICE FUND REQUIREMENTS : 1942 Taxes. $12,080.00 $12,077.52 $ $ 2.48 Prior Years Taxes. 22.34 22.34 Water Revenue. 1.500.00 1,500.00 Total Requirements. $13,580.00 $13,599.86 $ 22.34 $ 2 48 APPROPRIATIONS : Bond Interest. $ 7.950.72 Principal Sinking Fund. 7.000.00 Advertising Bonds. 12.50 Total Appropriations, . $13,580.00 $14,963.22 $1,383.22 BUDGET DEFICIT - DEBT SERVICE - NET. $1,363.36 TOWN OF MURPHY, N. C. BUDGET POSITION - GENERAL FUND APPROPRIATIONS FOR THE FISCAL YEAR ENDED JUNE 30, 1943 Budget Actual Surplus Deficit ADMINISTRATION : Mayor and Commissioners. $ 444 00 $ 350.00 $ 94.00 $ Clerk and Auditor 1,200.00 1,323.85 123.85 Assistant Clerk, 1.080.00 1.090.25 10.25 Extra 50.00 50.00 Total, * 2,774.00 $ 2,764.10 * 144.00 $ 134.10 Less Paid By Electric Department 1.200.00 600.00 600.00 Total - 4 1,574.00 t 3.1M.10 * 144 00 f 734.10 STREET DEPARTMENT: Labor and Garbage, . $ 4.200.00 $ 4,206.15 $ $ 6 15 Truck Expense, 1,200.00 1,034.61 165.39 Street Lighting, 1.400.00 1,685.32 285 32 Light Supplies and Repairs, 400.00 400.00 Maintenance. 1,200.00 1.241.75 41.75 Street Improvement. 200 00 386.60 186 60 New Truck, 700.00 200.00 500.00 Street Light Equipment, 100.00 100.00 Total, $ 9.400.00 $ 8,754.43 $1,165.39 $ 519 82 POLICE DEPARTMENT : Chief of Police Salary $ 1.200.00 $ 1,397.75 $ $ 197.75 Police Salary. 2.150.00 2.345.24 19524 Police Supplies. 3,680.00 3.421.08 258.92 Total. $ 7,030.00 $ 7,164.07 $ 258.92 $ 392 99 FIRE DEPARTMENT: Firemens Salaries. S 276.00 $ 295.92 $ $ 19.92 Hose and Expense, 250.00 464.51 214.51 Fire Department Supplies, 13.85 13.85 Total $ 526.00 $ 774.28 $ $ 248 28 LIBRARY: Librarian's Salary. $ 300.00 $ 445.00 $ $ 145 00 Lights and Fuel. 125.00 125.00 Insurance, 40.00 40.00 Maintenance. 50.00 50.00 Books. 235.00 235.00 Supplies. 328.32 328.32 Total. $ 750.00 $ 773.32 $ 450.00 $ 473 32 WATER DEPARTMENT : Salary - Superintendent. . $ 1.200.00 $ 1.200.00 $ $ Labor. 2.100.00 2.447.85 347.8!) Supplies and Material. 600.06 378.51 221.49 Repairs, 200.00 861.98 661.98 Analysis. 64.00 64.00 PUMI' STATION: Supplies. 150.00 40.60 109.40 Repairs, 200.00 15.00 185.00 Labor, 500 00 500.00 Light and Power, 500 00 500.00 Water and Sewer Improvements, 150.00 129.34 20.66 New Meters. 800.00 690.00 109.60 Meter Repair. 100.00 100.00 Total. $ 6,564 00 $ 5,827.68 $1,746.15 *1,009.83 MISCELLANEOUS : Office Supplies And Equipment, $ 250.00 $ 92.54 $ 157.46 $ Telephone and Telegraph. 200.00 134.75 65.25 Printing and Advertising. 125.00 135.91 10.91 Legal and Auditing 800.00 920.00 120.00 Insurance. 800.00 1,245.07 445.07 Discount on Taxes 35.00 73.05 38.05 Releases, Errors. Refunds. 200.00 233.86 33.86 Vital Statistics. 100.00 237.47 137.47 Charity, 50.00 41.50 8.50 Postage. 150.00 190.24 40.24 Parks and Cemeteries. 50.00 30.00 20.00 Miscellaneous. 510.91 467.75 43.16 Total $ 3,270.91 $ 3.802.14 $ 294.37 $ 825.60 TOTAL APPROPRIATIONS. $29,114.91 $29,260.02 $4,058.83 $4,203.94 TOWN OF MURPHY, N. C. TAXES RECEIVABLE ? JUNE 30. 1943 Uncollected Tax Sale Reserve Year Taxes Certificates For Loss 1942, $ 6,615.94 $ $ 500.00 1941, 1,192.16 2,089.23 500.00 1940, 1,272.17 . 1,835.46 500.00 1939, 1.575.35 1,726.73 500.00 1938. 798.80 710.25 500.00 1937. 1,258.68 463.43 700.00 1936, 606.70 291.77 500.00 1935. 422.48 361.82 422.48 1934. 498.66 441.57 498.66 1933. 409.94 382.84 409.94 1932, 426.56 340.37 426.56 1931 595.06 380.94 595.06 1930. 478.20 1,116.37 478.20 1929, 779.47 408.64 779.47 1928 524.53 355.30 524.53 1927 540.41 271.44 811.85 TOTALS. $17,995.11 $11,176.16 $8,646.75 TOWN OF MURPHY, N. C. 1942 TAX LEVY AT JUNE 30, 1943 VALUATION: Real, $1,091,233.00 Personal. 329,632.00 TOTAL, $1,420,865.00 LEVY: Operating Fund ? Rate $ .85, $12,077.35 ?Polls 137.00 $12,214.35 Debt Service ?Rate $ .85, 12,077.52 Total Levy $24,291.87 ACCOUNTING : Collections, Cash or Equivalent $17,414.43 Discounts Allowed, 73.05 RELEASES: R. D. Chandler - Valuation $ 210.00 $ 3.57 Dr. W. A. Hoover, 6.000.00 102.00 P. V. Taylor, 4,875.00 82.88 188.45 17,675.93 UNCOLLECTED ? JUNE 30, 1943 $ 6,615.94 TOWN OF MURPHY, N. C. BONDED DEBT ? EXCLUDING ELECTRIC LIGHT BONDS ? JUNE 30, 1943 Principal Interest Principal Sinking Fund Maturities Description Outstanding 1943-1944 1943-1944 Refunding $187,000.00 $5,610.00 Note Funding 10,000.00 300.00 Interest Funding Series "A" and 64 589.64 1,937.69 Totals. $261,589.64 $7,000.00 $7,847.69 NOTE: Refunding and Fundi Bonds Dated July 1. 1940 and Mature July 1. 1970. Interest Rates are 3% for first ten years. There is no Debt Service Default at June 30, 1943. (Continued On Page Seven)
The Cherokee Scout (Murphy, N.C.)
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Feb. 24, 1944, edition 1
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