The City, 1927-1934

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Excerpt from The City, 1927-1934: Vols, 7-14The other item is Hetch Hetchy power revenue - estimated revenue and six-months' collections, both approximate. This should not be construed as indicating a collection for the full year of approximately twice the amount shown as collected to December 3lst. The shown as collection to December 31 represents the surplus available from power operations for the last fiscal year. Accord ing to the Charter, only the surplus earnings of a public utility for the preceding fiscal year can be applied to any current year's requirements for interest and redemption of bonds issued for such utility.Accounting of Delinquent Tax Payments: Accounting methods for the handling of delinquent taxes - taxes levied but not paid during the fiscal year for which they are levied - can be materially improved. As mentioned above, under the present procedure, these are included as revenue of the next succeeding year, and as collected are apportioned among the several funds.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.