In all probability the estimate of receipts of the city of Manila for the fiscal year 1903, as based upon the revenues received for the last half of the fiscal year 1902, is less than will be actually receivea. The amount of land tax collected prior to July 1 was $370,779.02. The estimated amount of land tax which will be collected during the fiscal year 1903 is $950,000. It is true that the land tax prior to July 1 was collected during the last six months of the fiscal year, and the result, therefore, in doubling the revenues of the city of Manila for the six months prior to July 1 (in estimating the revenues for the fiscal year 1903) was to double the amount of land tax collected prior to July 1, which should, in reality, be charged to the whole year and not merely to the six months. However, the estimated amount of land tax that should be collected during the fiscal year 1903 is $208,441.96, more than double this amount, and consequently, for the fiscal year 1903, will exceed the amount estimated by this sum. In this statement there is not included either the amount due the Eastern Extension, Australasia and China Cable Company, or the amount they owe under their charter with the Spanish Government. There is some doubt whether, upon final settlement, an amout will be due them from the Government or by them to the Government. In either case the amount will be small. In the statement of revenues collected is not included the refundable export duties collected in Manila, nor is there included the customs receipts of Philippine goods imported into the United States. This latter sum, however, as far as can be learned, for the present will be comparatively small under the present circumstances. Taking, however, the revenue of the insular government for the fiscal year 1903 as double the amount collected during the last half of the fiscal year 1902, or $9,389,858.36, the expenses, both running and extraordinary, of the central government, including therein 30 per cent of the expenses, both running and extraordinary, of the city of Manila, will exceed the revenues by $828,149.24, the total estimated expenditures of the above mentioned being $10,218,007.60. On the other hand, the city of Manila should be able to pay from their revenues 70 per cent of their expenses, both running and extraordinary. Their revenues during the fiscal year, as estimated, will amount to $1,407,926.78, while 70 per cent of their expenses, both running and extraordinary, will amount to $1,352,629.62. The estimated revenues of the central government for the fiscal year 1903, however, will be more than enough to pay for the running expenses of the central government and 30 per cent of the running expenses of the city of Manila. The total estimated expenditures of the central government and of the city of Manila is $11,570,637.22, the estimated revenues, $10,797,785.14; making the probable excess of expenditures over revenues $772,852.08. In considering the probable balance available for appropriation at the end of the fiscal year 1903, the sum of $208,819.67, received during the first quarter of the present fiscal year as reimbursement of the central government for boats taken by the Navy, should be considered. This sum has not been included in the estimated revenues of the insular government, but would reduce the actual deficit at the end of the fiscal year by the same amount. If, therefore, the expenses of the central government are not increased over the amount estimated the balance available for appropriation at the end of the fiscal year should be, approximately, $3,500,000, as against $4,005,643.06, the balance at the end of the fiscal year 1902. BEEKMAN WINTHROP, EXHIBITS VII, VIII, AND IX. CITY OF MANILA, OFFICE OF THE MUNICIPAL Board, The EXECUTIVE SECRETARY, Manila, P. I. SIR: In compliance with section 14 of the charter of the city of Manila, by direction of the municipal board, I have the honor to submit herewith in itemized form and detail all information regarding the financial condition of the city of Manila as of date June 30, 1902. To compile this information the actual figures have been taken from August 7, 1901, to May 31, 1902, and in some cases as of the cash in the treasury to June 10, 1902, and the receipts and expenditures for the balance of the fiscal year estimated. This is the only method that could be used in submitting this report, owing to the fiscal year closing June 30, and the charter requiring the report at an earlier date. A. Inventory of lands and buildings and other property, real and personal, belonging to the city, including cash in the treasury. 1. Inventory of lands and buildings and real property of the city. NOTE. This list of property and the valuation is as complete as it is possible to make it at the present time. There is a large amount of city property in the city now in the possession of private individuals who have no title to it whatever, but on account of the incompleteness of the old city records, much of it has been lost sight of, but it is gradually being looked up and titles proven and the property registered in the name of the city. It has been impossible up to the present time to list and value all the entire estero bridges in the city, but that work will be taken up and completed as soon as it is possible. 2. Inventory of personal property of the city by departments. NOTE. This statement has been a difficult one to compile on account of much of the property having been turned over to the city at the time of its inauguration and the prices of articles are difficult to obtain. However, the value, taking into consideration the deterioration for wear and tear, is approximately correct. 3. Statement of the cash in the treasury June 10, 1902, with the estimated receipts and withdrawals for the balance of the month. B. Statement of the liabilities of the city, including the overdraft on the treasury June 30, 1902. The liabilities in this statement include all contracts entered into by the city which are now being carried out and upon which payment will be due when completed. C. Estimate of the revenues of the city from all sources for the ensuing fiscal year, with a comparative statement of the amount received from these sources during the preceding twelve months. NOTE. This statement only includes the amount realized from all sources since August 7, 1901, the date of the inauguration of the government of the city of Manila, and shows the exact receipts to June 10, and an estimate of receipts from June 10 to June 30. D. Estimate of the ordinary expenses of the ensuing year, with a statement of the expenses during the preceding twelve months. NOTE. This statement contains the ordinary expenses of the city since August 7, 1901. E. An estimate of such extraordinary expenses as may be necessary for any purpose, the approximate total expenditure recommended, and the amount it is expected to expend during the ensuing fiscal year; also a statement of the extraordinary expenses during the preceding twelve months. NOTE. This statement only includes expenditures from August 7, 1901. Recapitulation.-Estimates of total extraordinary and ordinary expenses for the fiscal year 1903, and a comparative statement of the extraordinary expenses of the fiscal year 1902. BERT EDDY, Acting Secretary. Very respectfully, EXHIBIT VII. FINANCIAL STATEMENT OF RECEIPTS AND DISBURSEMENTS, FISCAL YEAR 1902; ALSO ESTIMATE OF SAME FOR THE FISCAL YEAR 1903. A 3.-Statement of receipts and disbursements, fiscal year 1902 (showing balance in treasury). Withdrawals from treasury from Aug. 7, 1901, to June 10, 1902 Estimate of withdrawals from treasury from June 11, 1902, to June 30, 1902... Deposited by disbursing officer, municipal board, from Aug. 7, 1901, Estimate of moneys to be deposited by disbursing officer, municipal Expenses of city of Manila from Aug. 7, 1901, to June 30, 1902 1902 ... 30 per cent expenses of city of Manila to be borne by the insular government Overdraft with treasury Total... WAR 1902-VOL 10, PT 2—10 B.-Liabilities of city of Manila, June 30, 1902. Contract with Fred Wilson for ironwork for repairing bridge of Spain (estimated for in Contract with John F. McKinnon for repairs to Arranque Market (appropriated) Police and fire-alarm system, through insular purchasing agent (not appropriated) Total. $4,280.00 4, 460.00 1,800.00 4, 684. 58 74, 070.00 35, 338.00 61, 226. 25 185, 858.83 C.-Statement of revenue, fiscal year 1902, and estimate of revenue, fiscal year 1903. E.-Statement of extraordinary expenses, fiscal year 1902, and estimate of extraordinary expenses, fiscal year 1903. Combined totals of ordinary and extraordinary expenses for the fiscal year 1902, and esti mate of same for fiscal year 1903. INVENTORY OF LANDS, BUILDINGS, AND OTHER REAL PROPERTY OF THE CITY OF MANILA, JUNE 30, 1902. |