The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-03-27

Matters of considerable Importance
regarding the financial condition or
the city schools came before the board
OF education last night.
The financial committee reported
receipts from the various sources as
follows:
Final apportionment OF coun-
ty school fund for 1908. S 4,S67.55
Apportionment from county
treasurer school fund 10
city for 1908 ..s...... 1888 3S
From county Auditor Dye. on
account OF tax redemptions 21S.02
S42.35Syo
Cash on hand to date -. S115,b992 70
A communication from the treasur-
er of the board. James f. Burton, dis
closed the fact that the city schools
are entitled to S2.2S1.00 from the Og-
den State bank, which Is 90 per cent
of an account embracing territorial
school funds which has renamed IN
that bank. uncalled for, for period
of about thirteen years, and asking
the board to give receipt
for the same. The account bears
interest at the rate of IL per cent
from the time of the deposit. The orl-
ginal amount due the city schools was
Sl.721 80 and interest on the account
aggregates S55950.
A resolution was passed that the
amount stated be received and that
it be placed TO the credit or the oulld-
ing fund DR. Coulter OF the ooaro'
sprung the question as TO whether the
amount due the city from the tuno
should not bear compound interest
whereupon 1t was explained by Presl-
dent Browning that 1t had been kept
as an open account and was conse-
quently not entitled to compound
interest. Mr. Pingree also stated
that the account had been open
up to the year 1897, warrants having
been Issued against 1t up TO that time.
Following Is MI Burton's communlca'
ton:
Ogden City. Utah. March 26, 1909.
To the Honorable Board OF Educatlon'
Ogden, Utah
Gentlemen:-
Pursuant to the orders OF your hon
orable body, given under date oil
March 20, 1909, through the clerk OF
| the board, beg leave to submit here"
with the following regarding the
money now on deposit with the Ogden
State Bank. Ogden. Utah, also their
| statements for each year. during the
activity of the account, showing
amounts received and disbursed from
the time the account was opened.
| find that in the year 1891 the re-
ceipts and disbursements were equal
thus balancing the account for that
year. In 1892 there was a difference
| between the receipts and disburse
ments Of $3,132S7. l find during this
| year or on January 49, 1892, charge
! of $40. which should have been made
| to the county school account and was
| subsequently credited back TO the ter
| ritorial account on January "a, 1898
| During 1892 the warrants were all
| signed by the County Superintendent
| OF Schools Joseph S. Peery, except
some signed. Joseph S. Peery by
| James Pingree." In this same year. OF
I should say December 81, 1891. there
seems to have been two apportion
| ments, they, however. were paid out
in 1892, where the difference seems
| to occur
The first of S3,336.59, which evil
| IDENTIFY belonged to the year previous
| and not collected, or an amount ac
cruing from some special tax; at any
rate, it was apportioned on 1he popula
| ton Of 1890, which was 6.019 pupils
or .54SS7 per capita. The second
amount was S33,8S5.7s, which should
have been apportioned by the county
superintendent of schools on 6,oFi
population at s5.07 1-2 per capita, but
evidently was apportioned on 6,O7s
| population, the same as the smaller
amount of s3,33659. This would
account for S3,034S6 of the amount
left on deposit In the Ogden State
| bank.
| have examined the warrants now
| with the above named bank, and SO
far as l can determine they are all
| drawn in regular form. There was
however. an item $S,275.05, credited
April 4, 1894. being draft drawn by
John A Boyle, county treasurer, on
John L. Came, auditor. which was re-
turned and charged back to the ac-
count April 6, 1894, 1t being refused
on account OF change In procedure OF
the state auditor, and 1t was In this
year the city schools began to re
ceive their apportionment direct from
the state.
have also examined the account on
the banks books, and everything
seems TO be correct so far as their
books are concerned
The bank feels that the board should
pass a resolution accepting the amount
before they take the receipt OF the
treasurer for the same.
| beg to submit the foregoing as my
full examination of the accounts on
their hooks, and to say that the dill
ference occurred in the year 1897
that is the amount now on deposit.
JAMES F. BURTON,
Treasurer.
Another interesting report came
from Special Accountant and Auditor
Fl. H. Harris. giving complete de-
tailed report OF the receipts and dis