Character of item. United States currency. DEBIT Continued. Extraordinary revenues, exclusive of all refundable itmes: Sale of gun boats to United States Government.. $208, 819.67 Seized funds, including funds seized in prior fiscal years covered into the general fund under authority of Act 608 289, 470.38 Cable concessions 69, 291.92 $567, 581.97 Summary, fiscal year 1903, including revenues and expenditures of the city of Manila.a Extraordinary expenditures... Excess of ordinary and extraordinary expenditures over ordinary and extraordinary revenues. Total... a Congressional relief fund not included in receipts or expenditures. THE CITY OF MANILA. FINANCES OF THE CITY OF MANILA UNDER ITS CHARTER. Under the Manila city charter, which became effective August 7, 1901, its government passed to the control of a municipal board. All revenues derived under the charter are deposited with the treasurer of the islands to the credit of the city. Disbursements are made pursuant to appropriations of the Philippine Commission, but under section 15 of the charter 30 per cent of the appropriations for the city are payable out of the insular treasury and 70 per cent out of the revenues deposited by the city to its credit. Following is a statement of the revenues collected by the various departments of the government of the city of Manila during the fiscal year 1903 as shown by the settlement of the accounts submitted to this office: Special: Proceeds of coupons en spe ial deposit, item 7, Spanish-Filipino treasury bonds belonging to city of Manila... Total. $22,524.53 6.38 601.64 241.68 $101, 742.80 250.70 7,2.65 4, 17.60 23, 374. 23 113, 695.75 During the fiscal year 1903 settlements were made involving these additional revenues for the city of Manila for the fiscal year 1902: aNet expenditures after deducting amounts collected from sales of equipment amounting to $3,400.83 Mexican currency, and $4,724.62 United States currency. WAR 1903--VOL 7-29 PHILIPPINE ISLANDS, JUNE 30, 1903. From the standpoint of deposits in and net withdrawals from the insular treasury the account of the city of Manila with the insular government on June 30, 1903, was as follows: The basis for this statement is the reduction of all Mexican currency deposited in the insular treasury to its United States currency equivalent at the respective ratios prevailing at the close of each month. The withdrawals from appropriations were all reduced to United States currency expression at the current rates of exchange on days withdrawals were made. Previous statements have been made in which the entire Mexican currency deposits for the year were reduced to United States currency at 2.45 to 1, the rate in effect June 30, 1903. REIMBURSABLE EXPENDITURES. Certain of the appropriations made by the Philippine Commission are reimbursable, the expenditures made thereunder being reimbursed by the deposit to the credit of the appropriations concerned of the proceeds of the sales of articles or supplies purchased. These reimbursable expenditures are omitted from the regular statement of receipts and disbursements in the body of this report. The principal reimbursable appropriations are those for the purchase of supplies by the insular purchasing agent, and for the purchase of commissaries for the supply stores of the Philippines Constabulary. Neither the insular purchasing agent nor the constabulary commissary issues property or supplies, reimbursement being made in all cases from the proper source, with an additional 10 per cent to cover cost of transportation. Except for this 10 per cent surcharge, as affected by transportation charges, the total actual expenditure from these appropriations should be counterbalanced by the receipts from sales and the value of the stocks on hand. During the fiscal year 1903 other reimbursable expenditures were made in connection with the purchase and sale of rice by the insular purchasing agent under special legislation; in the operations under what is known as the war emergency rice fund under Act No. 488; under the insular salary and expense fund of the city of Manila and the insular government, and in the purchase of silver bullion and alloy for coinage. The operations under these respective appropriations were as appended. OPERATIONS OF THE INSULAR PURCHASING AGENT. The transactions of the insular purchasing agent to June 30, as audited, were as follows: Character of item. Amount of difference between purchases, as audited, and receipts from sales of supplies to June 30, 1902, $92,896; and payments in 1902 admitted in 1903, $128,135.07.... Funds advanced for purchase of supplies during the fiscal year 1903.. Funds deposited in the insular treasury from supplies sold during the fiscal year 1903. Approximate value of stock on hand and unsettled accounts covering supplies furnished departments, bureaus, and provinces, June 30, 1903. Total.. OPERATIONS OF THE CONSTABULARY COMMISSARY. The transactions of the constabulary commissary officers for the fiscal year, as audited, were as follows: Character of item. Mexican currency. Debit. Credit. Amount of difference between purchases, as audited, and receipts from sales of commissary stores to June 30, 1903, $63,861.84 United States currency at $2.45 to $1 $156, 461.51 Amount expended for commissary stores, including $16,730.02 United 712, 189. 07 Amount received from sales of commissary stores, including $20,904.66 Difference Total... 868,650.58 $563, 724.46 304, 926. 12 868,650.58 |