Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1914-07-08
TREASURER
FILES HIS REPORT
$26l, 603.05 Balance at End of
Year; $177,294 Sinking
Fund at Interest

According to the annual report of
George w. M%1lhenny, treasurer of the
Harrisburg School Board, the school
tunds OF the city were never in better
shape than at present. OF the taxes
OF 1912 not more than S25 is out
landing and for 1918 not more than
$50.
There is a total of $177,294 in the
sinking n all of which is at inter-
est at 8 per cent, and during the past
year the interest on the sinking fund
amounted to S5,276.93, and on bonds
bought by the board before they fell
due S1,2O4.75, making total earnings
TO the amount of S6,4S1.6S.
|, The expenditures show that the
largest sum paid out was for salaries
for the $40 teachers employed by the
board, $2SS.1S4.22, and the largest
other expenditure was $27,07S, for
coal, wood and supplies, while janitors
received in salaries a total of $685. I.
More than $4,000 was paid to the
teachers retirement fund and the pub
lie library was given $4,000 toward its
support, that being considered a part
OF the educational system of the city.
medical inspection and the open-air
schools. both popular institutions, cost
almost $4,000 each and nearly $1O,0 600
was paid out on the new Shimmell
school building.
The total receipts during the year,
including several short loans, amounted
tc SS11, 1851 and the expenditures
SooO,l5S,52, leaving a total balance in
the treasury at the close of the fiscal
year of S261,6O3.05. Last year the
balance at the close was $163, 093.47.
School Funds
The receipts and expenditures as a
whole follow:
Receipts-Balance in hands of treas
urer, S103. 093.47; 1906 real estate tax,
S20.2l; 1907 real estate tax, $685.;
1909 real estate tax, $3.50; 1910 real
estate tax, $196.44; 1911 real estate
tax, $S96.54; 1912 real estate tax,
S32O.16 1913 real estate tax, $394,-
S@4.2S; 1912 personal tax, STA; 1918
personal tax, $9,S51; interest on sink
ing funds, S5.276.93; interest on bonds,
Sl.2O4.75; tuition, $~1,S27.59; rent of
technical high school auditorium,
Sioz;9o; sale of lot in Tenth ward,
Sl'ZOO; sale of Day building, $11,5OO;
nnes, 81; temporary loans, $500;
state appropriation, S47,1SS.S1; insur-
ance RELY building, Sal; Shimmell
building fund, $50. $50; purchase of
1910 sinking fund bond, 500; pur-
chase OF general sinking fund bonds,
$4,000; purchase of two $500 bonds,
$1,000. Total. $S11,761.57.
Expenditures Salary of superin-
tendent, $500; salary of secretary,
Sl,SOO; salary of treasure, $1,O9S.Ol;
salary of clerks, $3.50; salary of
teachers, S23S,1S4.22; salary of jani-
tors, S26.611.62; commissions of COL
lector of 1912 taxes, S20.9S; commits
SONS OF collector of 1913 taxes,
So,794.97; buildings, etc, $~2O,535.63;
Technical high school. $6,16S.32; text
BOOKS, Sl2,444.21; supplies and fuel,
S~2I,O1S.SS; medical inspection, So
$3.50; printing and advertisement,
S~Z,Oo4.5O; open-air school, S2,S9S.22;
contingent fund, S~4,72O.65; interest on
bonds, $47,911.67; State tax on bonds,
~S3,52O.46; teachers retirement fund,
S~5,S76.2S; Shimmell school building
1852; sinking fund, $4,000; tempo
rary loans, $4,000; public library,
$4,000. Total, s55O,15S.52. Balance
on hand, 1851, 603.05.
Treasurer McIlhenny said his morn
ing that this report is merely supple
mentary to his monthly reports. At
the end of each month he is required
by the rules of the board to file a
financial statement setting forth in de-
tail Just how much money has been
spent, and how, and how much money
there still remains in each fund. These
reports for the period covering his
tenure of office are now all on file at
the offices of the School Board, The
treasurer says that the funds of the
board entrusted to hin are deposited
in nine of the banks of the city. all
sinking funds bearing 3 per cent. in
1850 &c HS peiltNeS III ulNldlnS the
money among many banks rather than
in concentrating it in a few. The larg-
est mount of the sinking fund re-
main undisturbed in the banks that
held them when owen NJ. Copelin re-
tired as treasurer of the board. His
July report shows that his receipts
from all sources amounted to $31S.-
5SS.27, while his expenditures on war
rants drawn by the board amounted to
S51,935.22, leaving a balance of S261.-
6OS.O5, which his report also further
shows is invested as follows: In sink
ing fund, S177,294; bonds purchased
by School Board, $1,000; Shimmell
building fund, sS1,1SS, and cash in
general fund, s21.05.