The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-08-10
TULSA SCHOOLS
ON CASH BASIS
Free Cash Surplus Of
$111,776.SS Report of
Auditor Shows
ALL WARRANTS
Schools Are Being Operated
Upon a Carefully Devised
Budget System

The Tulsa schools have bocu
placed on strictly cash basH hc-
cording TO tho report. made public
yesterday ot Evans a. Nash, school
auditor the schools have never bocn
in better financial condition than
they are now, with free cagh SUI
plus IN tho sum OF {tIi776.8S
which is available 20 pay warrants
which viii be issued during the en-
suing year.
Al the close of business August
"a. tho treasury had sufficient cash
on hand 90 retire every outstanding
warrant against the district aud the
treasurer has been authorized 10 L.
sue MS official call Tor payment OF
all warrants md thGrcby atop the
Rccruing interest The cash available
10 retire operating fund warrants
August 2 amounted 10 fbSi.fSi.42
while tho outstanding warrants only
aggregated Si72,70i54, leaving a
free cash surplus OF ti1f,T1G.GS'
Discussing this report y. u Ober-
holtzcr, city superintendent OF
schools, said yesterday:
MANY OF the citizens OF Tulsa do
not fully appreciate the volume Of
business handled during the fiscal
year by the board Of education and
few appreciate tho necessity of
having not only good business men
but finnnclers who nro able 10 LOOK
into the future 20 as 10 see tho needs
of n growing achool district like the
city Of Tulsa.
"In 1913 the total enrolment o'
the city was Approximately $500
pupils. The last enrolment OF the
city showed n total OF 1880. The
growth In enrolment is only one In
dex 10 the many, many business
problems which confront the board
OF education.
THE primary purpose OF tho
board is to operate the schools 80 aa
TO bring tho largest returns to tho
pupils at the lowest cost TO tho tax
payers. Sometimes The taxpayers
think that education IL costly, but
In a growing city like Tulsa Il Is Just
is important that the work OF the
schools keep step with the march of
progress as any other institution.
rhe board OF education Is responBi-
Die for the management OF tho funds
but II must look to the taxpayers
'or these funds. Tulsn and Its school
district for the next year viii spend
approximately Si.500,000 but this
will cost the taxpayers no more pro-
than II has for each
year during the last three-year. per-
Is, i5 mills property tax.
But to reduce this cost tho board of
education receives from the county
and state approximately 100000,
The remainder must come from a
school tax on property.
In order to get tho greatest re-
turns from such a syslem operating
upon taxes which are paid during
the year of operation, II IL necessary
that the board provide n plan where
by the whole business Is placed upon
4 cash basis and according TO u care
fully worked out budget for expen-
ditures. This was accomplished
about three years ago
=. :hs appointment uf specially
skilled auditor who Is familiar with
accounting and a speclal-
st on tax budgets. The credit for the
splendid financial conditions OF the
school district at this time should be
given tho board of education, It's
officers and auditor. Evans a, Nash
Three years ago the district faced
4 cash deficit In the sum OF S1ib.-
sl3,02 which would have continued
10 climb had the board not imme-
iiately placed It's financial affairs on
m economical basis, The system OF
accounts were found to be not
adapted to the revenue laws ot the
state and n new system was ordered
The method OF accounting
Yas placed strictly on n budget basis
n strict conformity with the tax
avs OF the state ana the result Is
clearly reflected In the excellent con-
lition OF tho finances at the present
tir,aeu