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No. 4.

LEGISLATURE, 1855.

AUDITOR GENERAL'S ANNUAL REPORT

AUDITOR GENERAL'S OFFICE,

Lansing, Mich., Dec. 31, 1854. To the Legislature of the State of Michigan:

In obedience to the requirements of law, I have the honor to submit the following Report of the condition of the finances of the State:

As was intimated by the last Report from this office, the surplus in the Treasury at the close of the fiscal year, Nov. 30, 1854, exceeds a half million of dollars. In addition to this, $46,205 51 of State Bonds have been surrendered, and paid, out of surplus moneys on hand.

Deeming it most beneficial to the State to use the surplus funds in liquidating State indebtedness, I have purchased all the Bonds offered, at their par value the present laws prohibiting the purchase of them at a higher rate. I recommend an amendment to the laws of 1848, giving the power to the Fund Commissioners to purchase our State indebtedness at its market value, and in this way dispose of the large surplus now on hand, and prevent its again accumulating. In this way the credit of the State will be preserved, her unexampled prosperity continued, and one inducement for wasteful and extravagant expenditures of the public money removed.

Received.

....

RECEIPTS AND EXPENDITURES FOR THE YEAR END

ING NOVEMBER 30, 1854.
The balance in the hands of the State

Treasurer on Nov. 30, 1853, exclusive
of amounts to meet outstanding war-
rants
upon

the General and Primary School Interest Funds, was, .

$375,625 70

Expended. General Fund,....

$200,578 06 $269,737 04 Internal Improvement Fuud,

92,308 06 65,761 70 University Fund,

31,384 79 University Interest Fund,

28,222 09 13,740 88 Primary School Fund,..

495 58

116,991 85 Primary School Interest Fund,... 74,028 66 44,364 84 Normal School Fund,..

4,591 37 Normal School Interest Fund,....

8,132 56 1,783 79 Swamp Land Fund, ..

535 07 47,094 13 Swamp Land Interest Fund,..

2,574 60 198 41 State Building Fund, ....

7 70

8,263 28 Asylum Fund,....

25,631 54 6,487 01 Treasury. Notes,.....

11 00 Central Railroad Deposits,

66 00 Southern

350 00 200 00 St. Joseph Valley Railroad Deposits,... 140 00 0. & 0.

100 88 Contingent Fund,

393 65 *Balice Ch'ged State Treas. Nov. 30, '54, 552,856 10 Totals,

$986,325 67 $986,325 67

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To this amount add $147 98 for outstanding warrants, which will make $553,004 08, the amount in the hands of the State Treasurer Nov. 30, 1854.

EXHIBIT OF FUNDS. The foregoing table shows the several funds belonging to the State, all of which will be treated of under their appropriate heads.

GENERAL FUND.

EXPENDITURES.
Extra Clerks,
Salaries Public Officers,
Expense of the Judiciary,-
Furniture for Public Offices,
State Library,
Incidental

expenses

Public Offices,
Awards Board State Auditors,...
Interest General Fund Bonds --
Interest University Bonds,
Interest Penitentiary Bonds,
Fugitives from Justice,
Coroner's Fees,
Stationery,
Legislative Printing, Publishing Laws, &c.,-...
Printing Paper,..
Volunteer Regiment,
Legislature of 1853,
Exchange,
Delinquent Taxes—refunded,..
Delinquent Taxes Interest refunded...
Fire Proof Offices, paid contractors,

repairs, &c.,
Commissioner on Fire Proof Offices, -
Salt Spring Land appraisal,
Expense Board State Auditors,
Costs of Suits,
Improvements at Lansing, --
Mining Co.'s Tax-paid Ontonagon County,
Paid sundry Counties,
Surplus refunded,
Expenses State Prison,

$3,833 90 18,483 33 15,785 58 4,228 92

122 69 3,363 28 11,117 08 6,000 00 6,240 00 3,600 00

908 12 171 23 5,334 21 3,146 54 3,703 50 512 17

3 50 10 16 2,370 34

674 45 6,714 87 2,298 36 638 76

1 50 75 00 710 82 2,559 69 3,428 30 28,805 85

26 43 10,500 00 63 75 8,151 01 92,055 91

Wolf Bounty,

566 00 Postage,

1,157 13 Expense of Sales refunded and disbursed from proceeds of Sales, ...

21,773 37 Office Charges Refunded,

24 13 New Capitol Buildings, ..

514 02 Improvements Capitol Square, -

185 96 Expense Electoral College,

5 00 Expenses State Arsenal,

119 79 State Bids, Refunded,

2,662 43 State Bid Interest Refunded,

450 64 State Tax Lands refunded,

1,724 46 State Tax Land Interest-Refunded,..

83 17 Redemption Money Refunded, ....

28,988 38 Michigan State Agricultural Society,...

2,000 00 Total

$200,522 36

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GENERAL FUND.

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RECEIPTS.
For Old Furniture,
Proceeds of Sales, - -
Sale Reports Supreme Courty..
Delinquent Taxes, ..
Delinquent Tax Interest,
Broker's License
Peddler's License,
Salt Spring Lands, ....
Telegraph Specific Tax,....
Bank Specific Tax,..
Railroad Co. Specific Tax, ...
Pank Road Specific Tax,.-
Mining Co.'s
Sundry Counties,
Expense of Sales, ....
Office Charges, ....
Interest on Surplus Revenue,

$5 00 54,579 18

47 25 31,621 92 1,508 36

225 00 291 64 3,264 16

1,467 24 11,581 04 17,648 51

997 88 2,621 03 1,553 86

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INTERNAL IMPROVEMENT FUND.

DR.
To balance, Dec. 1, 1853, .. $898,857 91
u interest on five million loan bonds, ....11,910 00

Int. Imp. warrant bonds.... 240 78
Det. and Pont. R. R. bonds,... 7,140 00
Adjusted bonda,

20,374 02
Treasury notes,

3 98 Int. Imp. warrants,...

112 96 « bonds paid in,

47,075 76 “ award to Woodruff, ..

50 00 u exchange,

672 36 u land warrants issued,.,

2,291 86 By Int. Imp. lands sold,

sales asset lands,.. “ Instalments and int. from S. R. R. Co., " this amount of specific taxes, under the

provision of Revised Constitution,.. " debit balance, Dec. 1, 1864,......

$8,511 70

500 00 56,750 00

O

36,934 03 381,033 90

Total,

$483,729 63 $483,729 63

TRUST FUNDS.

Expenditures. Receipts. Primary School Fund,..

$495 58 $116,991 85 Primary School Interest Fund,

74,028 66 44,364 84 University Fund,...

31,384 79 University Interest Fund,...

28,222 09 13,740 88 Normal School Fund,

4,591 37 Normal School Interest Fund,..

8,132 56 1,783 79

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