Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1885-01-16

The balance July 81, 1884, stands to the
credit Of
State institutions fund. >. $1s4, 1868 OF
Permanent school fund.-. 434, 803 80
General school fund ....., 253676 81
Forestry fund ........... 53435 81
Permit university fund. 2s.752 81
General university fund. 6,473 81
Int improvement fund. 1l9 Oh
Redemption fund . 6474 81
Int. improvn't land fund. 1875 II
Int. improvm't land fund
interest ......... $500 50
School text book fund . b. ST
Swamp land fund. ........ 1850 o.
$1,000 2ji II
Revenue fund overdrawn. Zoe, 40 OF
Balance July 81, 1884 ............ 1885, 795 o.
The estimated receipts and expenditures
for 1885, 1886 and 1887 are as follows:
Revenue Fund.
RECEIPTS.
Fiscal years ending July 81
1885. 1885, 1887
ms st Cos taxes and tees: SSooo 7oooo 1860
Counties for inmates of
reform school. ......... $500 $500 $500
Interest On deposits. $500 5000 5000
Transfer forestry fund
Transfer from state in
situations fund. ....... ....... 125,0oO $4,000
Totals ...... 100000 $621, 900 ssl1,soo
DISBURSEMENTS.
Overdraft July 81, 1885 1886. 1887
1884 1902, 43Y " ........ ........
Unpaid appropriat'ns
Jnly 81, 1884 ..... 165 900 90 ....... ........
Executive expenses. c. 40 90 $3.50 $500
Judicial expenses. $4,000 90 $4,000 $4,000
Printing and paper . $4,000 o. 14,uOO 10000
University buildug 80 600 TO $4,000 ....
Prison Improvements 5000 90 $4,000 10000
Miscellaneous. ...... l13OuO00 $4,000 10000
Legislative expenses. $4,000 90 $4,000
Printing laws in news
Census a ...... $1,000 ....'...
Transfer to school
text book fuud. go. .......... ........ $4,000
Totals .......... .s7s7,s2o OF ss6e,39o $5o2,eoo
RECAPlTULATlON Disburse-
~ Receipts; ments. -
Year ending July 81, 1885,. 100000 3737,sos OF
Year ending July 81, 1885,. 81, 500 366, 800 90
Year ending July3l, 1885,. Gll,5UO 512,9OO OO
Totals for three years ST. 7s3, 600 S1,Go7.ll9 OF
Estimated excess of receipts, uly 81,
1887. 25,Soo 93
State Institutions Fund.
RECEIPTS.
1885, 1886. 1887
r. T. companies taxes .$645 900 $3.50 900 5000, 900
Telegraph and telephone
companies t. xes 5000 6,OOO 5000
Balance July 81, 1884. 1874, 900
Totals. ......... $ss5, rop 1856, 900 sG6eoco
DISBURSEMENTS
Support lst hosI insane 1915 $136. o20 $l502s0
Support 2d hop'l insane. I2,6o0 97,24o lo6,0so
Support deaf ard dumb.
blind and I'M becile
schools .. $4,000 10000 10000
Support Of prison. w 1000 10000 $4,000
Support OF reform school IS 0CC IS, 900 10000
Support of normal schools 5000 $4,000 49, 900
Support OF historical soc'y 5000 G,0OO 5000
Interest railroad adj
justment bonds 5000. 10000 100000 100000
Transfer to rev enue fund. ....... l25,OOO 75,OCO
Totals. .s5,s,175 se7s,2so sssl,s
Disburse-
Receipts. ments.
Year ending July 81 1885. $685., 900 s5ls,l75
Year ending Jnly3l 1886. 65e, 600 61S,26
Year ending July3l, 1851. $4,000 $4,000
Totals. ............$2 g., Isl, 900 81 1858, 795
Estimated excess receipts July IL, 1887 s29s 2o5
Redemption Fund-Kevenue Bonds of 1858.
RECEIPTS.
Year ending July 81 1885. 1885, 1887.
Balance July 81, 1884,. $50 81 :,,;;: .a :;o
State taxes. ........... 77,zN ~ Sao,oeo $aoooo
Totals ........, $82,674 ii $4,000 $4,000
DISBURSEMENTS
ReGempt'n Of coupons. $4,000 90 $3.50 $4,000
Redemption OF bonds. 10000 90 10000 10000
Totals. ........... $4,000 90 s76.sso ss2.7oo
SPECIALIZATION.
Disburse-
Receipts. ments.
Year end'e July 81, 1885 $50, 674 81 $4,000
Year end z July 81, 1885. $4,000 90 1000
Year end 6 July 81, 1887 $4,000 20 62,700
Totals. s2i8,67A 81 21l,70o
Estimated excess of rec ptsJ u 81, .ss, $685. 974 81
An ANALYSIS
An analysis of these statements shows
that there has been disbuiscd during the
twenty months covered by cheese transactions
of the treasury $77S,41G.55 for the main
tainance OF our state institutions, $Gl2,
O22 SO in the construction of new buildings
for public use, 1878 27S.S2 for interest on
the state debt, and $3.50, l5S. SO for the gen
eral expense OF governments; all OF which
has been met by the ordinary revenues Of
the state, except q part Of the interest charge
which Is paid from !he income OF the internal
improvement land fund This interest &C.
count, almost wholly due to the railroad ad-
justment bonds, is q burden recently i'm
posed upon the treasury, and large part OF
the expenditure tor public buildings has
been required to geplace structures destroyed
by fire. These items, with considerable
increase in the cost of maintaining The public
! institutions the past two years, have made
an aggregate OF extraordinary demands that
would have required material additions to the
tax levy but for the rapid increase of the as
sessable property and the miscellaneous re-
sources Of the state The one mill tax to which
the levy has been reduced, with the other
revenues of the state, have, however, been
sufficient to provide for this unusual outlay.
and leave balance in the treasury at the
end OF the last fiscal year The estimates OF
receipts and disbursements" for the fiscal
years for which you will make appropria-
lions promise continued healthy condition
of the treasury, provided such appropriations
are restricted within reasonable limits. In
years past the practice has obtained to some
extent of making appropriations without re-
gard to the revenues from which they were
to be met. As & consequence it has some
times been impossible for the treasurer
to meet acquisitions promptly as pre-
scented, particularly against the rev.
fully scrutinize all propositions in
yolving an expenditure of money, and that
you will not make appropriations beyond the
limit of the probable revenues Of the state
While providing adequately for the increased
requirements OF our public institutions and
the several departments Of the state govern
ment made necessary by our rapid growth in
population, care and discrimination in max
ing appropriations may save unnecessary
enueS
PERMANENT TRUST FUNDS
In 1872 all receipts for taxes on railroad
and telegraph companies were set apart as q
special fund for the support of the state in
stitut1ons At that time the amount realized
from these sources was but $57, OS7.1 It
has now become the principal source Of rev.
enue the state enjoys. amounting the past
year to 1854 1873. IS, largely in excess Of the
demands made upon it II there was once q
efficient reason for reserv1ng this resource
for special use, it does not row exist, and
recommend that the law relating thereto be
repealed While there has been for years
surplus in this fund, the revenue fund, from
which all general expenses of the state are