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Audit Report 12/31/1968
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Audit Report 12/31/1968
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Audit Report 12/31/1968
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Details on the assessed valuation of property on the tax rolls and the <br />tax levies; as voted by the Council are shown in Schedule 1 at the and of this <br />report, on a comparative basis for the last three years. It should be noted that <br />the assessed valuation at $1,244,005.00 had increased . by 32.84X from that of one <br />year ago; The largest' part of the increase, . no doubt, arises from the fact that <br />the ratio of assessed vales to market value was raised by the assessor on vile <br />properties toward the desired uniform ratio of one to three, or 88 -1/3X, throaihout throughout <br />the entire state.. <br />Insurance and bonds in force are detailed in Schedule 2 at the very end <br />of the report. Adequate coverages now appear to be carried on the usual risks <br />after a review of your insurance requirements during the past year followed by <br />adjustments to the coverages. <br />Your Village now operates under the so- called Plan A fora of village <br />government as adopted by popular referendum. Under this plan the clerk and the <br />treasurer are no longer elected officials, but are appointed by the Village Council. <br />The positions may be cowbined into one, as was done by your Village. <br />
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