RECAPITULATION OF RECEIPTS, EXPENDITURES, TRANSFERS AND BALANCES, During fiscal year ending July 31, 1887. 10 This statement shows the amount of School District and County Bonds held by the Permanent School Fund to be $66,783.00, while the expenditure account shows only $62,566 00 paid out. The warrants for the difference $4,217.00 had not been presented for payment on date of this report. Minnesota Railroad Adjustment Bonds County Bonds., The following table shows the State collection of taxes from 1860 Collections for seed grain fund are not included in above amounts. STATE LOANS. The State loans, represented by bonds, now consist of $3,965,000 railroad adjustment bonds, of which the permanent school fund holds $1,981,000, and the permanent university fund $280,000; the balance are held by outside parties. Sixty-one State revenue bonds of $1,000 each, held by the permanent school fund, have been redeemed and cancelled during the year. INTEREST ON DEPOSITS. The income from this source during the last fiscal year amounted to $9,426.46. SEED GRAIN FOR HAIL SUFFERERS. The last legislature made an appropriation of $40,000 for seed grain for hail sufferers. Only $25,117.60 of this amount has been called for, and the repayment to the State is secured by bonds of the respective counties. Four hundred and nineteen dollars and thirty-twocents has already been repaid. These bonds are not included in the summary of invested funds. Very respectfully, your obedient servant, Jos. BOBLETER, State Treasurer. |