Milford chronicle., 1914-02-06
STATE TREASURER
MAKES HIS REPORT

AAEdSuIEI ANdElEa a IldSLlIEet Ol
Delaware has completed his report fol
+ the fiscal year ending January 18th
a 1914 which will be presented to the
I auditing committee, now in seasons, a
portion of the committee having COM
! meneed to audit the treasurer's books
yesterday. The report. which shows
the financial condition of Delaware. the
: expenditures, receipts, etc. is most in
terestng, inasmuch as increases are
. sho Fn in many Of the departments of
the state.
The balances at the close of the fiscal
year 1913, ending January y, 1914,
were as follows
General fund. S45, 1877 90 school fund.
Sl5, $50. 80 sinking fund, 1854, IS. Total
Sol. 749. AS.
The assets of the state amount to
81, 939, 156.4S.
The liabilities are SS26. 7S5. Assets
over liabilities S1,1l2,37l.4S.
The cash receipts of the general fund
for the year were S676, 953. The eX-
penditures S707, l5S.12.
The balance in the general fund is
about $50, ,0C0 less than at the beginning
of the year, but an increase is shown in
the cash receipts of the general fund
over 1912 of $50. los, p, while expendi-
lures show an increase of S94. 1927 l3.
This was due to the expense incurred
by the Legislature, which amounted to
Z over S55,0 900 including special and addi-
tiOnal appropriations, the most notable
Of which was $50, 900 annually for five
( years to the Women's Affiliated Col
[ lege.
The increase in receipts most MOTTO /
able was from the franchise taxes which ]
amounted to $40, 94l.7S, a gain of over
$1,000, There was also large gain in /
the automobile license tax, the receipts |
amounting to S24,73 a gain of nearly .
$1,000 which was exclusive of licenses /
sold during the month Of December, |
1913.
The insurance and banking depart
ment also show gains amounting to
81 200. From most all the other sources
of revenue to the state. there was a
noticeable gain during the year
One of the decrease in the receipts
was from the sale of marriage licenses, II
which is shown to be about S., 600. Since
May /, 1913, the receipts from marri-
age licenses have been received by the
clerk Of the peace instead of from the
secretary of state as heretofore and
with such receipts being turned into
the state treasurer with other fees it
has not been possible to secure the eX-
act amount Of receipts from such IL
censes.
AS trustee of the school fund l would
report that the division of this fund was
duly made, which showed a dividend of /
1898 per teacher. This decrease was
1ue to the increase in the number of 4
teachers and the amount eXpened for
books which was Sl2, 754. 60, which
was deducted from the dividend. The
.otal amount apportioned to the schools
If the state was Sl73, 1867
As commissioner of the sinking fund.
he state treasurer purchased during
he past year, Sl2 600 par value of the
New Castle county bonds, which with
he S62, 600 previously purchased and
he SOL, 500 in bonds held by thee Rail
Dad Guarantee Deposit Fund, increases
he amount that the state holds in first
lass bonds to Sl25, 800 which is to be
applied to the states bonded indebted =
less.
The money derived from the oyster :
evenue is also placed in the sinking
und to be invested in first class securi-
les. There was a decrease of almost
4, 900 from this revenue during the past
ear, which may be accounted for be-
ause of the considerable amount spent
n refitting the state guard boat, with
n engine and repairs, as the boat was
nable to do active service under sail
nd to also keep up with the other oys-
er boats, many of which are fitted up
nth motive power.
The assets of the Railroad and Rail
ray Guarantee Deposit Fund including
onds and bank stock. amounts to S5l,-
co. making a grand total assets to be
!. $50, $50. As.
The general fund investments includ-
lg bank stock and railroad stock,
mounts to 1894, 900.
The receipts of the general fund for
)l3 were as follows
Balance, $92, SAT. ga ; clerks of the
eace, licenses and fees, Sl59, 234. A
surance and department, S69, ,2O4. 85
iilrOad state tax, SIP, 600 interest on
$1l, $50 telegraph and telep-
one companies. SI2, 642. SO express
50, ,89603; department of
,cretary of state, Sl62 123. SO; manu-
icturers of steam, gas or electricity, TT
49, 90 franchise tax from corpora
ons, $40, 941. rs collateral inheritance pc
*, Sl1, ,00257 state laws and codes, yo
74.69 U. S., government appropria-
)ns to colleges, $50, 900 Delaware 40
ate Hospital. receipts from pay pa
snts, S12, TAG. 26, together with receipts
ON sale of old paper, dividends from -
INK stock, appropriations refunded, L
c., give the entire total receipts of -
e general fund as S769, 300.6 "a. The
penditures of the general fund for p
13 were as follows
Executive department. sec, 23O. 81
partment of justice, SAB, 867 81 leg
ative department, $50, 519.6 Co. chari-
IS and elemosynary institutions, $99,
:. p ; preservation and publication of
itorical records, "a, S29. II education,
81, 444.26, agriculture, SIS, ,245 81 II
bile health, S23, 024. 48 (; improvements
public highways, S31, 1882 public
fense, sos, 81. .68 interest on bonded
BIT, $40, $50 miscellaneous, $2l ,237. "A;
lance SCI, ,749. As, making a total of
penitures of S768, 9O7. 60.
School fund d-Investments, bank stock. | n
r value, S3O4, 450 bank stock, market u
ue, S760, ,622 bonds Sl83, 785 making X
otal investmen. amounting to S944.- II