The daily star-mirror. (Moscow, Idaho) 1911-1939, 1919-08-23

|
which are designated as school land
under the act of Congress admitting
| Idaho to Statehood
Should the state sell any great
amount of this land our income would
be increased to some extent, but for
the purpose of considering the finan-
ces of our district l do not believe we
| should consider this to any extent,
but should consider the $52,00000 as
| our probable income in making our fl
nancial plans.
| The cost of operating and maintain
ing our schools, not considering money
expended for betterments such as
equipment, buildings and improve
! ments to grounds for the past five.
years has been as follows:
1918 ................ $36 ,432.41
1916 ............... 44,093.73
1917 ................. 43,784.23
1918 ............... 46,74500
1919 51,796.51
From the above you will observe
that the cost of operations and main
tenance, or in other words, the cost of
educating our children has increased
about $75000.00, an average increase
Of 81 10000 per year.
ou will also observe that the cost
of operations during 1919 was $751;
796.0O, while our average income for
the past year is approximately $52,000
in other words the cost of operations
now equals the income of the district
leaving no funds available for the pur-
chase of equipment, improvement of
property or the paying off of our bond
indebtedness, which amounts to $780,
000.OO
The district has now reached the
point IN it's financial affairs which I
predicted inn my report submitted to
you in the fall of 1916.
At that time | pointed out to you
that in three years time the amount
of income we then had over and above
our average cost of operations would
be consumed by the increased cost of
operation and that we would be un-
able to further reduce our bond in
debetdness.
At this time we have an outstanding
warrant Indebtedness of approximate
ly $4,000. This however is taken care
of by money due the district for and
on account of the taxes for the year of
1918.
Owing to the fact that under the
Idaho system of tax collection the
second half of the taxes is not re-
celved until after the close of the
fiscal school year the moneys to be
received shortly for and on account
Of the tax year 1918 are a credit to
the year just closed ANY surplus
which we may receive over and above
all outstanding warrant indebtedness
Will be a credit to the year 1918 and
not credit to the year 1919 and said
is a surplus which will be re-
celved during the year 1919 over and
above the estimated amount of the in
come for that year of $4,000. This
surplus will probably be some where
between five and ten thousand dol
arS
This amount is available for use by
the board in addition to the income
Tor the year 1919.
July goth, 1919
Respectfully submitted,
l.. F. PARSONS, Secretary.
Since making the above report, the
axes for the last half of the year
1913, referred to in the above report.
lave been paid and all warrants out
as shown therein have been
'aid and the balances indicated above
ire now on hand.
The balances shown are the largest
hat the district has had for several
vears past, but | would call to your
lttentlon the fact that this does not
nean that the district can be any
nore liberal in the expenditure of its
unds
By your action during the past sixty
ays the operating expenses of the
chool have been increased, for next
ear, between $4,000 and $4,000, the
anne being an increase in our salary
chedule. You will observe that the
perating expenses of last year was
51 900 plus, which with the further
lcrease in salaries the operating ex-
enses for the coming year will ap-
roximate $55,000. You will observe
hat the gross annual income of the
lstrlct for the past five years has
cen but $4,000, thus the surplus now
hand will be required to take care
this excess of operating expenses
yer and above your gross income
his will be sufficient to take care of
lie deficit for the next two or three
ears. At the end of that period
,me means will have to be provided
} increase the income of the district
} meet it's operating expenses, let
one the question of how to pay off
lie present bonded indebtedness and
-ovide funds for betterments and
improvements. During the
asst six years, you have paid off
,nded Indebtedness on the district in
lie amount of $4,000. For perman-
1T improvements and equipments you
i've expended $26,045.65, total, $41,- :.
1855 The time is now past ap-
lrently where any further sum can
, expended for these purposes; the
tai income of the district being re-
CONTINUED on page g.