The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-07-02
Report Of Secretary Of keokuk Board
of Education Indicates That
Schools are Run Econ
omically.
DISTRICT OUT OF DEBT
1t Has Money In Sinking Fund to Pay
Bonds, Notwithstanding Better
ments and Re
pairs.

Notwithstanding the high cost OF
everything and very marked improve
ments made in the equipment OF the
keokuk schools, the school district Is
out of debt except for the bond issue
Of 1914, not yet due and issued to build
the new school houses Of that year
To pay those bonds when due, the
district already has $4,000 invested
in Liberty bonds in sinking fund.
This is in sharp contrast to not
many years ago. when the district was
constantly in debt and never thought
of having money on hand to pay more
than the bonds due that current year.
G. L. Norman, secretary OF the board
Of education, filed a complete and de-
tailed financial report of the last
fiscal year, ending June 80, with the
hoard at its annual meeting showing
these facts.
Whence the Money Came.
The receipts during the year
totalled s145,Ss2.45, Of which
s21, 534.7S was cash on hand at the be-
ginning of the year.
Taxes received from the county
treasurer yielded s91, 2as17. and the
apportionment of the state school
fund income $5.s14so.
The state paid $3.50 as aid to normal
training Tuition from nonresident
pupils brought in 81, 196.0s, and the old
Garfield building was sold for $500.
Other items in the receipus column OF
the report are largely technical &C
counting, or small ones, like IS rent
received from Lee county for the use
Of the George Washington school
house for an election room.
Where the Money Went.
The largest item in the list of dis.
bursements is for superintendent and
teachers, and this is s73,36S.62, or over
half the total.
Janitors cost the next largest
amount, s7,21S.75, little more than
the expense of the Fairgrounds which
was s7,01S.29.
Fuel comes next, with the high price
of coal, and it cost $4,s27.21 last year.
Repair Of buildings during the last
year cost 81, 464.70.
Then comes the furniture account
with $3,605.32. and supply teachers,
overtime for janitors, the garden
and other minor salaries
with total of 81. 406.08.
Many Smaller Items Of Cost
General supplies were bought to the
amount Of $1,831.50, and there was no
other item above thousand dollars.
Insurance premiums paid totaled
s7S4.7O. Manual training expense was
S4S8, and domestic science expense
was s14s.S4. Free text books for poor
children cost sso.S3. upkeep Of grounds
$3.50, and the smallest item was
$24.25 as the cost of the school cleo
ton in the district which is several
square miles larger than the city OF
Keokuk
Interest ON bonds paid during the
year just closed was $4,275.50, and in
terest was received by the district to
the amount OF $1,207.63 on it's Liberty
bonds and balances in bank during the
year.
The balance of cash on hand In
bank now is s19,105.48.
Buying Liberty Bonds.
During the previous year, $40, 1000 OF |
he school house sinking fund had
been invested in United States Liberty /
,onds which, with the $19, 800 invested |
Turing the present year, makes a total I
# funds Of the sinking fund invested
n United States Liberty bonds, In the
;um Of $4,000.
The balance of the Kilbourne prize
und in the sum OF s51OS0 remaining
n the general fund June 30, 1918, was
,aid over to the treasurer Of the dis
riot to be kept by him in special
recount.
During the year. short time war
ants amounting in all to the sum OF
;22, 600 were drawn in anticipation OF
he taxes These warrants We're paid 1
alter. These transactions appear in
he item OF receipts as money bor-
owed and as paid short time loans in
he disbursements, which items bal. u
nee themselves without representing
Total Cost Of Operation.
Deducting the amount paid for the
hort time loans and for the balance
.ue the Kilbourne prize fund, or s22,-
1880, from the total disbursements,
caves a balance OF s115, 707.12 as cost
4 school operation.
During the year the balance on the
urchase price of the new Fairgrounds
vas paid. which leaves the district,
t the present time, without indebted
,ess except for the outstanding $4,000
4 bonds Of the series OF 1914.
DAN AND BUILDING AssoclA-