Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-07-08
Preliminary Figures Indicating
What Iowa Has Done In
Biennial Fiscal Period
REVENUES AND EXPENDITURES
The Increase in Revenues Over Expen-
ditures Was s426, 26,5eo.71-sisnificance
of Fisurcs-The General Revenue
Fund Balance and Receipts Together
With Table of Comparisons.

Special to Times Republican.
Des Moines, July s.-The biennial
fiscal period for the state of
Iowa closing July i is the period for
which the twenty ninth general assem-
bly, made appropriations and provided
cials have completed their reports and
balanced their books it may be deter
mined how we'll the last legislature reck-
oned on income and expenses for the
state. From preliminary figures COM
piled from the books of the state treas
urer some indication may be had of
what the state has done in the biennial
periods. They will show, however, that
the receipts and expenditures have both
been much greater than the estimates
on which the state legislature worked.
Here is a statement of some of the
main facts in regard to actual receipts
of the state for the biennial period:
Balance general fund.-
Receipts, July l, 1901
to July /, 1902. ............ 2,603.623.O3
Receipts July l, 1902
to July1, 1903. 3,574.2S2.4I
S7,321,743.67
Warrants paid, first
year, state Institutions. 1858, 302.0s
Warrants paid first
year, gent appropriations. 1,162,32S.11
Warrants redeemed,
year ended July 1, 1902. 2....s2,795,6SO.79
Warrants paid second
year, state institutions. $1,77S,927.77
Warrants paid second
year, genl appropriations. l,l76,7oo.2S
Warrants redeemed
year ended July l, 1903. .s2,95o,634.0o
Balance On hands Ju-
ly 1, 1901 81. .143,s ,sSS.l7
Balance on hand Ju-
ly /, 1902. 2................. s5l,SsO.4l
Balance on hand Ju-
Iy 1, 1908. observation-disclosures s1,570, ,47S.SS
From this it will be seen that the in
crease in revenues over expenditures
for the biennial period was $426.o90.I1.
The balance in the general revenue
fund fell back as usual, Immediately
after the close of the legislative session
when many of the large appropriations
were drawn, but has gradually gained
the past year.
OF the amount paid on account of
general appropriations as shown in the
above statement. there was paid for the
years as follows:
State university. .s152,5OO s215.50O
State college. S5,119 los, 500
State normal school 1919 9S,400
s370,7SS s423,769
The significance of these figures may
be better understood by comparison
with the estimates on which the legis-
lature did business. On February 10,
1902, the ways and means committees
of the house and senate submitted to
the twenty-ninth general assembly
Joint report on the estimate of receipts
and expenditures for the biennial per-
od just closed. The estimate showed
totals:
Total estimated rev.
enue available. ............ .$5,777,7SS.17
Total estimated eX-
penditure ................. 5,0SO.llb.o0
Estimated balance Ju-
ly /, 1908. 3.................. 697,67217
The committee stated that this ball
ance represents "the probable amount
of money available for disbursements
by the appropriations comittees of this
general assembly under present statut-
es and conditions" The estimate of re-
ceipts for the biennial period was ex-
ceeded by s1,543,955.5o. The excess of
expenditures was S671, 1879.
Much of this difference was due to
changes in the laws and a greater levy
for the first half of 1903 than was esti-
mated by the legislature. The legisla-
ture near its close and after the appro-
priations had all been made. directed
the state executive council to levy Il
tax that would yield $2,300000 in 1902,
and to make a levy for 1908 that would
yield $2,000,000. This was done. But
the legislature made some changes in
the laws which brought about a great
increase in revenues. For instance the
removal of the limit on filing fees for
corporations increased the states rev.
enues from this source many thousands
of dollars One fee alOne-that of the