Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1879-01-25
STATE AUDITORS REPORT.

The biennial report Of state Auditor
Holiday tor the two fiscal years, a
1, 1877 to Dec. 81, 1878, has just been
submitted to the thirtleth general assem-
bly,, and though the document is extern
sive, containing nearly $50 pages, an
abstract of its contents will prove inter-
esting.
All of the current expenses OF the
state are paid out of the fund.
which is derived from a tax OF ~ cents
on the 800 valuation on real and per-
sonal property. railroad property, bridges
and telegraph companies and licenses
and fees paid into the state treasury.
One fourth OF the entire receipts into the
revenue fund is annually transferred to
the school moneys for distribution to
the several counties for the support OF
the public schools Of the state. This
leaves three-fourths of the receipts,
then, to meet the entire costs OF Inc
administration, which the auditor "re'
grets to report is inadequate for the pur-
pose.n The amount transferred during
the wears 1877 and 1878 to school mon
eys was $72s,792 12-and the amount
appropriated by the last general assem-
bly out of the revenue fund, IN addition
to the above, for the aid and support OF
the State University, the normal schools,
Lincoln Institute at Jefferson City. and
the school of mines and merallurgy at
Rella, was S1O3, 5O0-making the amount
paid in aid of the educational institutions
of the state for the last two years $751;
292 II. The amount transferred from
the ven fund to the school moneys
for 1873 was BAG, 265 % greater than
for 1868, te-wit:
Transferred In 1865. ..........-... 2lI,Oll III
sl4s. ss5 %
The balance in the revenue fund Jan.
1. 1877 ($4,O13 73) and the receipts into
the fund. including the proceeds from
sale of 25O revenue bonds and a transfer
of $50, $50 IL aggregate S2,94O. 1872 O9.
The warrants drawn on the fund includ-
ing transfers to school moneys (S72o,-
1872 12) aggregate $685. O7 11-leav-
ing a balance IN the fund Of $12O,224 "
after paying all warrants drawn to JAN
uary l, 1879.
The auditor estimates the receipts
into the revenue fund during the years
1879 and 1880 at about $2, $50, 600, and
the expenses payable out Of the fund at
about the same; besides. the payment
of the 25O revenue bonds which will fall
due this year must be provided for.
which will call for $3.50, 600.
The state interest fund is derived from
a tax of 20 cents on the 800 valuation.
the same as The revenue fund. but it
derives no benefit from licenses or fees
paid into the state treasury. The fund
is used to pay the interest on the public
debt after transferring annually $3.50, 900
to the state sinking fund to discharge a
like amount OF the state debt. The
auditor estimates the probable receipts
into this fund for the ensuing two years
at 81, $50. 900, and the expenditures at
80, 612, 900.
The bonded Indebtedness of the state
is SIG, 75s, 900, exclusive of $4,000, 900
bonds issued to the Hannibal and St.
Joseph R. R., for which the state has a
mortgage lien on the road to secure the
payment, and the interest is paid by
the railroad company. The following
table will present the amount OF bonds.
and for what purpose issued: