The Penn's Grove record., 1914-01-23
DISBURSEMENTS or STATE.
Receipts Exceeded BY More Than
$4,000 During Year.

Showing that the State fiscal rear
closed Oct. 81 last with a cash balance
Of 81, Z 1924 in the treasury, and
that this balance was a decrease OF
$3,542.67S.26 below that Of the previous
year, the annual report Of State Comp
troller Edward /. Edwards was sub
mitted to the legislature. The report
shows that in the State fund, from
which all general State expenditures
are made, the disbursements were So
540,246.76 in excess Of the receipts.
The increase in disbursements for the
year was $3.50, 637.54, while the in
crease in receipts was $139, 1897 8.
There was an increase Of sf25, 075.35
in the ordinary disbursements and the
increase in the extraordinary disburse-
ments amounted to $4,915, 5e2.1s. The
total receipts in the State fund for the
year were $9,905 $3.50 and the gross
disbursements amounted to $13.445.-
1926. The Overnight" balance car.
ried over at the beginning Of the year
on Nov. I, 1912, was $5,27O,672.2O and
this alone prevented q big deficit and
a State tax. AS it was, the big excess
In payments yer receipts cut 1884,
679.z6 OF the balance at the beginning
Of the year, this accounting for the
great decrease in the balance at the end
Of the year to $1,727 1929 Explain.
ing this decrease. Comptroller Edwards
reports:
THE decrease is largely accounted
for from the fact that the allotment
of railroad taxes to counties for school
purposes was included in the balance
Of last year, amounting to 2,8Gz. Sill.
of which sum $2,756 1900 was paid
out during this year. in addition to the
current years apportionment amount.
ing to $ 1850, OILS. SO, making a total pay
ment during the year on account of
school purposes of s. ,706, 1853.
THE fact that two payments of the
allotment of railroad taxes to counties
for school purposes would account for
the large increase in disbursements
The report shows that the extraor-
binary disbursements amounted to &C.
SSS,949-65, SO that the ordinary pay
ments amounted to s6,456,S63. The
principal extraordinary disbursement
was the double payment of the rail-
road taxes to the schools, already re-
ferred to.
The receipts for this fiscal year end
ing October 81 next are estimated fy
the Comptroller at $10.399 .990.97, in
Guiding the balance Of s1727, 1924 I'M
the treasury at the beginning of the
year. The obligations of the State
are shown to be $685.. 1916, the.
amount of the annual appropriation act
now current and passed by the last
Legislature. and s1,306, 1850 due On:
contracts carried forward from pre-
vious years.
This is a total of 1871, 967.66, which
substracted from the estimated re-
ceipts, leaves for the cur
rent fiscal year of 81. 268, O23.31.
The present Legislature viii be call
ed upon TO pass the usual Supple
mental" appropriation bill. carrying
extraordinary disbursements in addi-
ton to the sum for this year in the
regular appropriation bill. The State
Comptroller points out that whatever
amounts are included in a supple
mental appropriation law must be
charged against the above resource
balance. In recent years the supple
mental appropriation bills have car
ried all the way from 100000 t o ST.
100000. 1t will be seen from this
showing that the cry for economy in
State expenditures is no idle one. par
ticularly as the receipts from the cor
porations are decreasing.