Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1915-10-30
CASH BALANCE IN
STATE TREASURY.
EDWARDS FINDS
Fiscal Year En- ds, Showing
67,577.3o in Excess of
All Obligations.
REVENUE INCREASE DUE
TO THE INHERITANCE TAX
Balance Now Available Is
$2,37o,o76.54, Increase of
81 ,285,ooo in Year.
From a stan Correspondent.


TRENTON. Oct 30-State Comp
troller Edward I. Edwards at the
close of the States fiscal year at noon
today gave out a statement showing
the balance i'm the State treasury
available for State uses to be 81, 2,370,-
1864, as against 81 0s5, ,6o5.61 in 1914
an increase in the cash balance of the
State fund of over 81, ,2S5, 900.
This increase is due. in the main, to
receipts this year of upwards of
S2,000,00 under the collateral in
heritanee tax laws of the State, as
they were amended in 1914 The comp
troller also showed that after the
payment of outstanding requisitions,
as well as the payment of work on
contracts for which the State has
obligated itself to pay in the future,
there is still a balance to the States
credit of s267577 SO. whereas a year
ago, on the same basis. there would
have been an actual deficit of nearly
100000
Comptroller Edwards sent a tele-
gram to Governor Fielder telling the
governor the condition of New Jer-
sey's finances
States Financial Condition.
the State at the close of business for
the present fiscal year, at noon today:
Balance in the treasury
available for State uses. .2,37O,976 80
Amounts due or to become
due ON contracts and
acquisitions which have
not been presented for
payment ................. 2,1O3, 399 15
Balance in excess of out
standing OBLIGATIONS. 267,571 80
RESOURCES.
Balance for State uses, october 81,
1914, s., ,0S1, ,3S369.
Balance, Smith-Lever Fund, $4,-
221. 92.
Total receipts November /, 1914 to
October 81 1915, s12, 16S, l09.S3
Total, s13. 253, 71544.
LIABILITIES.
Amount of annual appropriation act
of 1914, 1884 413.60,
Amount of supplemental appropria-
ton act Of 1915. including special ap-
preparations by same Legislature
S449, 704. SO
Amount carried forward to current
fiscal year from previous years on
contracts and on acquisitions of 1914,
81. 1862, ,278.4S.
Receipts from earning institutions
included in total receipts from No
vember l, 1914, TO October 81, 1915, but
which are credited to them and are
available for disbursement by them
in addition to their earnings and ap-
preparations, 1910. .t10.18.
October, 1914-Earnings of State
Hospital, Morris Plains, to adjust
amount due that institution that
could not be credited previously, $685.
743.03.
Balance of 1914 appropriation neces=
sary to pay Passaic county for in
sane .indigents, payments withheld
on report of commissioner of charl-
ties aud corrections pending investi-
CATION, $1,000.
United States appropriations to Ag-
ricultural College, Smith-Lever Fund
and Soldiers Homes inc1uded in to-
tai receipts but available for dis
bursement by all of them), $104 4,3S7.22.
Academic Certificate Fund, trans
ferred from special account to state
Fund and made available for dis
bursement, $2,5S1.60.
Receipts from railroad corporations,
due to counties for school purposes,
pursuant to Chapter 341, p. l.. 1913,
50, $50, ,127.91.
Receipts from railroad corporations
held in State Fund. pending appeal
to courts, due to local taxing districts,
800, ilU. ~.
Fines, etc.-F'ish and Game-depos-
tied in State Fund, available for use
of commission, $26. .S51. SO.
Expenses, supervisors. road depart
ment. transferred from motor We
hicle receipts, Chapter 236, p, L. 1903,
So. 900.
Total. s13, ,9OS.75.
In his report Mr.. Edwards said:
First Cash Balance for state.
"For the first time in the history
of the State the close of business
finds its financial officers able to re-
port the actual cash balance in the
treasury, and the amount that tho
outstanding obligations of the State
cannot exceed.
''The legislation of 1914. which pro-
vided authority for the comptroller
to establish a system of requisitions
whereby the departments and insti-
tutions were prohibited from incur
ring obligations in excess of their
appropriations, earnings and receipts.
has been in operation for full finan-
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