HomeMy WebLinkAboutA001 - Statement of Capital Improvements STATEMENT OF CAPITAL IMPROVEMENTS
CITY OF AMES, IOWA
FISCAL YEAR 1948-49
Ninth Street and Duff Avenue Sanitary Sewer
Clinton Engineering Company--Contractor
Warrant No. 38, April 9, 1948 $ 9,80-6.47
if " 121, May 7, 1948 10,001. 34
It
" 215, June 12, 1948 8,695.35
" " 336, July 17, 1948 7,581.70
if " 361, August 4, 1948 102.00
" " 395, August 18, 1948 1, 302. 53 $37,549.39
Replacing pavement �,nd parking $10,803.13 10,803. 13
Storm Sewer ConZtruction
Thirteenth Street and Grand Avenue Storm Sewer
Clinton Engineering Company--Contractor on Labor
Warrant No. 395, August 18, 1948 $5,149. 19 5, 149. 19
Iowa Concrete Products Com��p?any--Contractor on Material
Warrant No. 130, May 7, Mo $2,132.70
341, Ju17r 21, 1948 57.98 2,190. 39
$55,692. 39
As the above capital improvements paid for from the consolidated
fund of the City of Ames, Iowa, exceed the Engineer' s estimates
to the extent that to pay for all this as an appropriation item
would so obligate the appropriation in this fund for the general
operations in the City that it would cripple the general operation
and maintenance,
General obligation bonds were issued in the amount of $38,000 and
sold at 11 per cent interest with $105.00 premium. This $38,105.0
received from the sale of bonds was deposited in the consolidated
fund to replace monies paid out for the capital improvements .
We desire to have consent of the State Comptroller for a bookkeep-
ing entry on our books creditin the amount expended under the ap-
propriation in the amount of $3�, ,105.00, to the end that the
orderly progress of the City in the maintenance of the streets,
sanitation department, police, municipal court, and other sections
of the consolidated fund be carried on in an orderly fashion for
the balance of this fiscal ,year.
In private accounting, this would be a natural course, and we be-
lieve under municipal accounting the same good business ,judgment
should be used and this entry made crediting the expenditure in
the consolidated fund in the amount of $38,105.00.
APPROVAL
The above application for approval of the bookkeeping credit entry
against the expenditures in the general fund as above--stated is
hereby approved. Decersaer 17, 1948
. ta e Comp o er
2
I, J. '-'. Prather, City Auditor and Clerk of the City of Ames, Iowa
do hey:—by certify that the facts an,� above are true and
correct, taken from the records of the accounting department of
the Cit7 of Ames, Iowa.
W. Prather
City Auditor and Clerk
City of Ames, Iowa
Dated this 16th day of December, 1948•