Municipal Accounting
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In our eReader you can find the full English version of the book. Read Municipal Accounting Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Municipal Accounting
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In order to arrive at the total existing funded debt, the county, water, rapid transit, and dock bonds are first set aside, as these are, in accordance with the state constitution, outside the debt limit.
Such liabilities as are incurred on account of land, con- tracts, and open market orders, are added to the net amount of the funded debt to obtain the net indebtedness within the debt limit. The debt-incurring power of the City of New 2 go MUNICIPAL ACCOUNTING York at any given time is found b...y subtracting the net indebtedness from the debt limit.
STATEMENT OF THE DEBT LIMIT OF THE CITY OF NEW YORK AS OF JANUARY 2, 1914 Debt-incurring power within the debt limit of 10% of the assessed valuation of taxable real estate $800, 664, 786 Gross funded debt $1, 224, 876, 631 Debts outside debt limit county bonds, certain water bonds, rapid transit bonds, and dock bonds 301, 302, 808 .
Funded debt within debt limit $923, 570, 823 Sinking fund holdings for re- demption of funded debt. . 320, 776, 899 Net funded debt within the debt limit $602, 793, 924 Debts other than funded debt 146, 497, 112 Net indebtedness within the debt limit 749, 291, 036 Present debt-incurring power, or borrowing capacity $5i>373>75o The sinking fund holdings which are available for the redemption of the non-exempt debt are computed as follows : A CITY'S BORROWING CAPACITY 2 8l Total securities -and cash in sinking funds.
What to read after Municipal Accounting?
You can find similar books in the "Read Also" column, or choose other free books by De Witt Carl Eggleston to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In order to arrive at the total existing funded debt, the county, water, rapid transit, and dock bonds are first set aside, as these are, in accordance with the state constitution, outside the debt limit.
Such liabilities as are incurred on account of land, con- tracts, and open market orders, are added to the net amount of the funded debt to obtain the net indebtedness within the debt limit. The debt-incurring power of the City of New 2 go MUNICIPAL ACCOUNTING York at any given time is found b...y subtracting the net indebtedness from the debt limit.
STATEMENT OF THE DEBT LIMIT OF THE CITY OF NEW YORK AS OF JANUARY 2, 1914 Debt-incurring power within the debt limit of 10% of the assessed valuation of taxable real estate $800, 664, 786 Gross funded debt $1, 224, 876, 631 Debts outside debt limit county bonds, certain water bonds, rapid transit bonds, and dock bonds 301, 302, 808 .
Funded debt within debt limit $923, 570, 823 Sinking fund holdings for re- demption of funded debt. . 320, 776, 899 Net funded debt within the debt limit $602, 793, 924 Debts other than funded debt 146, 497, 112 Net indebtedness within the debt limit 749, 291, 036 Present debt-incurring power, or borrowing capacity $5i>373>75o The sinking fund holdings which are available for the redemption of the non-exempt debt are computed as follows : A CITY'S BORROWING CAPACITY 2 8l Total securities -and cash in sinking funds.
What to read after Municipal Accounting?
You can find similar books in the "Read Also" column, or choose other free books by De Witt Carl Eggleston to read onlineMoreLess
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