Evening journal., 1915-01-19
State finances
Low, BOND issue
NOW SUGGESTED
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appropriation is inadequate to meet the
payments at the proper time, some OF
the schools being forced to wait until
the next session of the General Assem-
bly, for their payments.
al would also recommend a change in
the time of the close of the fiscal year.
This change has been recommended to
previous sessions of the General As
sembly, but as yet no action has been
taken in the matter. At the present
time, the close of the fiscal year is about
a week after the General Assembly con-
venes, which shows that the amounts
in the reports must be incomplete, or
that time must be taken to close and
balance the books, after the close of the
fiscal year. Then there is a change Of
State officers, as was done this year.
When there is a change of State Off
GERS, the retiring officers terms expire
a week previous to the close of the tis-
cal year, which has caused considerable
Inconvenience to this department, as the
work is rushed at this time of the year.
Assets of general, school and sink
ing fund, including bank stock, par
value $3OS.450: bank stock market
value. $769,622; mortgages, break
water and Frankford Railroad Com
pany. S3S5.OO0; bonds, including State
of Delaware to school fund certificate
of indebtedness, State of Delaware TO
sinking fund, New Castle county high
way improvement bonds, State OF
Delaware per cent. bonds loan Of
1909; five State Of Delaware, 4 per
cent. bonds, loan of 1907; two New
Castle county 4 per cent. workhouse
bonds; seven New Castle county High
way Improvement bonds, 1-2 per
cent; six Harrington per cent
school bonds; two Sussex county per
cent. bonds; six city of Wilmington
bonds, per cent; six city of VII
mington bonds 4 1-2 per cent; 1S
New Castle county 4 IL per cent
bridge improvement bonds and three
town of Delaware City, Delaware, 5
per cent. bonds. amounting to S270,-
/ 285: real estate including all State
property, State House, lot State armor-
| les, State Hospital at Farnhurst, Del
aware College, Affiliated State College
for Colored Students. State Expert
mental station, SSSO,000.
Cash in treasury January IL, 1915
$30.427SO.
Total assets of general, school and
sinking fund, 1886, ,3S4.S0.
Assets of railroad and railway
guaranteed deposit fund, bonds. SOL
600; bank stock, four shares of Far
mers Bank. $500. Grand total Of as
sets, S2.3S6. .S34.SO.
Liabilities, including bonds, redeem
able in 1917, 1919, 1922, 1926, 1882
1926, ,7S5.OO.
Total assets. S2,ss6, ,SS4.SO; total IL
abilities, SS26,7S5.OO. Amount of as
sets in excess Of liabilities, $780,
O498O.
Total value of Investments, Bank
Stock, and Mortgages, Railroad, 1884,
900,
Receipts General Fund, 1914. from
all sources. including Clerks of Peace
/ licenses and fees: Insurance ant
Banking Department Railroads, Stats
4 Tax, Interest on Mortgages; Tele
graph and Telephone Companies; Elk.
press Companies, Department of Sec
retary of State; Manufacturers o.
; Steam and Electricity; Franchise
from Corporations; Collateral Inheri
tance Tax; sale of Laws and Codes
u. S. Government Appropriations L
Colleges; sale of old furniture, Divi
dends from Bank Stock. Fines anC
Forfeitures. Delaware State Hospital
State Board of Pharmacy, Appropria
tions Refunded; Refund Overpaymen
of Tuition of Sussex County Studen
at Normal School, Refund Temporary
Loan TO School Fund; Refund Amoun
from the Pigeon and Poultry Show
Association, not held on account o
foot and mouth disease, S731,O7L54.
General Fund Expenditures, il