Omaha daily bee., 1921-08-17
$75o,0Oo Surplus
Held in Nebraska
State Treasury
State Free of Any Bonded In
debtedness at End of Fis.
cal Year, Report
Shows.

Lincoln, aug. lO."-NcDrdSkd IS
free of any bonded indebtedness and
at the close of the last fiscal year
had nearly three quarters of a mil
lion dollars in its treasury as a net
surplus, according to statement Of
the finances made here today by D.
B. Cropsey, state treasurer. An
actual surplus of $2.T0,83lo9. ex-
isted at the close Of the last state Pc
riod, the statement shows, but
S2,0So. .63l.56 of this amount was in
overdrafts.
A net balance of $86S,744. 20 was
carried into the last biennium, the
statement says, which. together with
receipts amounting to $2s.239,S05.65
make the total money received by
the state for the last two years at
$50, l08,249S5. Disbursements dur
ing the same period amounted to
S2s.4270lo29.
ut would appear that the depart
ment handled approximately $50,000,-
300 during the last two years." Mr..
Cropsey said in his statement, prob
ably the largest fund ever handled
since statehood. 1t will also be
noted that the trust funds increased
during this period $576,6o2.59."
Road Aid $6,osl,2ss.
State and federal road aid during
the last two years amounted to
So.O5l .288 896, exclusive of bridge aid.
according to the statement Capitol
maintenance is listed as $43,26906
and the cash activities. university
cash. university building and univer-
sity income cost $6,54s,53l.07, &C
,ording TO the statement.
The agricultural and mechanical
arts disbursement fund, including the
Smith-Levcr and the experiment sta
ton. was $283.o34.33.
Disbursements to these institutions,
outside of the general disbursements
totaling $5,o9s.63s.Sl. were the larg-
est made by the treasury in the re-
port. Receipts from these institu-
tions in all instances are below the
disbursements.
Muny Bond Issues.
Bond issued by the various mu-
inequalities and governmental sub
divisions in Nebraska from Decem-
Der !. 1920, to August |, this year,
a period of eight months. totaled
$l0,130.l05, according to report
made here today by George w.
Marsh. state auditor. This figure,
the report pointed out, is slightly
less than half of the grand total for
the last biennium, which was ST.,
l24.0S9s2.
Bond issues by the municipalities
and governmental subdivisions for
the entire year 1921 threaten to ex-
ceed those issued for the two pre-
vious years." Mr.. Marsh said in the
report. "Such situation is in the
face of issues the last two years
which were five times larger then
than at any time in the states his
tory"
For Omaha Schools.
The report by item shows that
counties in the last eight months
have issued $4,000 in bonds and
$4,000 by precincts. Cities. villages,
irrigation and drainage districts, have
issued $5,8l8,845 in bonds, and
school districts $4,0o1 200.
"Under the authority invested in
Senate Bill 22O, passed by the last
legislature, permitting school dis
tricts to vote 80 per cent of their
valuation instead of the per cent
before, everyone is taking advantage
of the new law" it was said. Most
of the issues are in small numbers
but they are coming into this Office
anywhere from to 10 issues day."
Mr.. Marsh declared that approxi-
n1ately $2,500,0OO of the bonds issued
thus far were for Omaha school
purposes and approximately 81 ,O0o,-
600 for municipal issues in that city.