Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-06-22

Deputy Auditor Jorgenson address
sed the state BANKERS at jamestown
on Estate Finances He said in part:
First, l will explain what the re-
sources of our state finances are:
State Funds are collected from prac.
tically five sources as follows:
1. Taxes-General Fund, to pay
appropriations Of legislature. Wolf
bounty-state bounty on wolves. One
MIL Tax-Aid to maintenance of ed
ucational institutions. Bond Interest
ITO provide interest on state debt
Bond Sinking-To provide for pay
ment of state bonds. Bovine Tuber-
culosis Fund-Pay for tubercular cat
tie. Glandered Horses Fund-Pay for
horses affected with gianders.
| 2. Miscellaneous Collections-Fees
from the several OBSERVATION-DISCLOSURES
| of insane as charges to counties, etc.
3. Irvine Plant-Gross earnings o.
Irvine plant which is operated on a
business basis at the penitenti' ry and
made to show it's profit each year.
4. Permanent Funds-Money re-
ceived from sale of endowment lands
of both Common Schools and State
| institutions.
5. Interest and Income-The earn
| ings of endowment lands, and the in
terest on land contracts, mortgages,
ad bonds held by the Permanent
FUNDS.
Second, the liabilities of the state
can be listed under about six sub
divisions
/. ppropriations-Made by legls'
lature and paid out of the General
Fund
2. Interest on the Public Debt
This is interest on the bonded indebt-
edness which the state owes.
3. Payment of the Bonded 1ndebt-
edness-The State bonded indebted
ness is $9S7,3OO.00.
T. Payment of the School Funds
The liability of the state under this
fund would consist o. the payment of
such bonds and mortgages as the
board of university and school lands
may purchase, the remittance Of mon
eys due institutions at certain desig g.
| mated times, the payment of the state
tuition fund quarterly.
5. Mill Tax for Educational Insti-
tutions-The payment Of the collec-
tons to the credit of this fund as col
lected monthly.
6. Irvine Plant-The payment of
it's money for materials, bills and op-
Grating expense.
The all-important state fund to a
legislative assembly is our General
Fund" This fund is very nearly what
the name implies-a fund into which
collections. generally, may be thrown,
and out of which almost any kind of
expense may be, generally, paid. 1t
is made up from the miscellaneous
collections of the several departments
and a special tax levied under that
head each year. From this fund all
the appropriations made by our legis-
lature are paid; such as the salaries
of elected and appointed officials,
clerk hire of the departments, main
tenance of our institutions, new build
ings and improvements, and other ex-
pesos Of maitaiing state government
as the legislature may find wise or
necessary. Each year when the state
board of equalization meets to equal
ize the assessed valuation of property
as reported by the counties the aud
itor is required to furnish an estimate
of what the miscellaneous collections
will amount to for the coming year,
he must also estimate the running ex
pense of the state for the coming
year. From this information the
board Of equalization must figure to
get a total assessed valuation which
will produce enough taxes to make up
the balance of the general fund"
necessary to meet the running ex
penses of our government, and still
keep within the mills limit which
is prescribed by our constitution for
state purposes.
During 1911 We paid out of the
general fund $1,666 1886, the larg-
est total amount paid out of any
single state fund. AS items of inter-
est would mention that during the
year. we paid s109. 10000 for salaries
of elected officers; 81 ,o35.OO for
salaries of appointed officials; $685.
249!67 for clerk hire necessary to
operate the several departments,
mot to include the state institu
tlons): and nearly s300,000.O0 for
new buildings. The other million
dollars paid out of the general fund
during 1911 covers state expense OF
every description and has been pro-
vided for by our legislative assem-
blies under nearly 200 separate and
distinct accounts.
At this time I would call your at i
tention to the constitutional pro-
vision under section ia which limits |
the state tax levy for general pur- |