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SYNOPSIS OF THE REPORT OF AN AUDIT MADE OF HOLMES COUNTY BY THE STATE DEPT. OF AUDIT FOR THE FISCAL YEAR ENDED SEPT. 30. 1949. 1. Statement showing results of operation for the year of 1949, in comparison with the previous year of 1948, from the standpoint of total funds received and expended: REVENUE RECEIPTS County Net Over or Under 1948 1949 1948 Over Under Ad valorem & Poll Taxes $ 339.771.05 $278,470.80 $61,300.25 $ Road & Bridge Priv. Tax 31,409.24 26.228.29 5,180.95 Other Local Revenues 51,000.51 61,470.88 10,470.37 1 Total County Revenues _ 422,180.80 366,169.97 56,010.83 State and Other Gas., Truck A Bus Tax . 165,799.65 150,523.55 15,276.10 _ Timber Severance Tax . 2,595.22 2,875.03 279.81 Appropriation for Schools 211,770.89 195,020.65 16,750.24 __ Homestead Reimbursements 72,864.67 66,793.33 6,071.34 Other Outside Aid .. 118,379 45 164,969.68 46,590.23 Total State & other revenues 571,409.88 580,182.24 8,772.36 Total Revenue Receipts 993.590.68 946,352.21 47,238 47 OTHER RECEIPTS (Non-Revenue) Funds borrowed from outside 67,400.00 63.859.00 3,541.00 .... Proceeds of Bonds Issued 58,500.00 113,500.90 55,000 00 Sale of Assets 7,998.90 3,536.50 4,462.40 Other Non-Revenue Receipts 3,042.37 1,451.66 1,590.71 Total Other Receipts 136,941 27 182,347 16 77 . 45,405 89 Tc/lal Year Cash Receipts 1,130,531.95 1.128,699.37 1,832.58 J|« ■»»>.». I . % ... .......... OPERATING EXPENDITURES General Fund: | Administrative & other costs 114,370.11 121,509.73 . _ 7,139.62 Road ft Bridge Funds: Maintenance Costs .. 234,392.68 194,741.59 39,651.09 School Funds: School Operational Costs 463,887.46 461,301.08 2,586.38 Bond and Interest Funds: Interest on Bonds 16,026 27 14,740.27 1,286.00 Total Oper. Expenditures 828,676.52 792,292.67 36,383.85 OTHER EXPENDITURES (Non-Operating) Loans Repaid 71,945.00 65,464.00 6,481.00 Bonds Redeemed 57,200.00 50,800.00 6,400.00 Investment in Securities 2,100.00 5,500.00 3,400 00 Road Equipment 31,792.71 28,259.74 3,532.97 School Trans. Equip. 12,214.6) _ 12,214.60 Construction — Buildings 81,040.92 ... 81,040.92 Const. — Roads A Bridges 4,372.60 33,120.56 28 747.96 Other Non-Oper. Expen. . 10,508.81 9,465.29 1,043.52 Total Other Expenditures 253.960.04 204,824.19 54,135.85 Total Year Expenditures 1,087,636.56 997,116.86 90,519.70 EXCESS OF RECEIPTS OVER EXPENDITURES $ 42.895.39 $131,582.51 EXCESS OF EXPENDITURES . OVER RECEIPTS ... $88,687.12 by W. It SULLIVAN. County Afoul Cotton In The Loan It is possible that you placed some or all of your 1949 cotton crop in the loan. Due to recent price advances in cotton it would possibly be to your interest to check on your cotton you placed in the loan as the price is consider able higher now than it was when Srour cotton was put in govern ment loan. If you have cotton in the loan at this time, get your re ceipts, go to a cotton buyer, and find out what this cotton will bring on the market today. It is possibly worth from 10 to 25 or 30 dollars a bale more than at the time you placed it in the loan. You may redeem this cotton by paying off the loan plus interest and carrying charges and then sell your cotton and still make consid erable profit over what you placed it in the loan. July 31st is the deadline on redeeming or taking your cotton out of the loan unless the time is extended be yond this date. It is to your in terest to see into this if you have cotton in the government loan. Cotton Insects Now is the critical time of making a good crop for 1950 It is true t^at recent rains have interrupted'your poisoning pro gram. However, farmers thal nave been doing a good job on poisoning have gotton excellent results and had the boll weevil under good control when th< rains started. Your cotton is no: made until it is in the sack. Ever though you have done an ex cellent job in keeping boll wee vils under control to presen date, from now until the latte: part of August will be a critica period in controlling insects particularly the boll weevil Make square counts at least tw< times a week and if your infes tation gets to ten to 15 per cen: punctured squares start poison ing immediately. If you neec help please feel free to call upor us at any time. ■ Tonight, stop and think how much the tcle ^ phone meant to you today. You made a quick I call to the druggist, instead of a hot, tiresome trip . . . you called the repair man about the refrigerator before all the food spoiled ... you made a dozen other calls that saved you time, effort, money. Yes. at day’s end you feel the difference . . . and you fnow that telephooe service is one of your biggest helpers—one of your biggest bargains. Southern Bell Telephone and Telegraph Company. to bottor living ———————imMI Hot, Dry Weather Cattle and hogs need plenty of shade during hot summer days. In recent tests conducted at vari ous experiment stations show that with plenty of grass, cool water and good cool shade cattle gain ten to 15 per cent more than where they have to stand in the hot sun after filling up during the grazing period. A recent test on hogs show that 400 pounds of feed put on about 100 pounds of gain where plenty of shade and good, clean hog wallows are provided. | Whereas, it takes 1300 pounds of the same feed to produce 100 pounds of gain where hogs are not provided cool shade and plenty of cool water. Do not waste ! your feed when this can be cor rected. Control your flies by spraying with DDT, marlate or lindane for additional gain with the same amount of feed. Liquid mercury can be forced through a three-inch block of steel. fOOD tOSl M4K£ \ fit eurmmK, OR SKIM MILK / SQSSmSm a. oiaiemem snowing aeium oi xunas rscnvea mio ill* COUIlly i road ana oriage iuna accounts ana amounts pata out ot such funds for costs of maintaining and constructing roads and bridges, and for purchases of new road working equip ment and other purposes, and showing, in addition, amounts representing depreciation of road machinery owned by each supervisor's road district: First Second Third Road Road Road District District District RECEIPTS — REVENUE County Ad Valorem Tax Current Year __ _ - _ Prior Year .$. $.. $ .19 Redemption_ .62 5.90 1.32 TOTAL-~ 62 . 5^90 1.51 LESS: Refunds A Adjustments_ __ __ Net Ad Valorem Tax Revenue — .62 5.90 1.51 Other County Tax Revenue Auto Privilege - 10,186.85 8,388.16 3,984.80 Sales — Products __ _ 2,661.54 Total Other Tax Revenue_ 10,186.85 8.388.16 6,646.34 Total County Revenue_ 10,187.47 8,394.06 6,647.85 State and Other Aid Gasoline Excise Tax... 35,761.59 25,490.94 31,678.06 Truck & Bus Privilege Tax_ 7,362.91 5,248.30 6,522.19 Homestead Reimbursement ... . .. Total State A Other Aid_ 43;i24;50 30,739.24 ' 38,200.25 TOTAL REVENUE RECEIPTS_ 53,311.97 39,133.30 44,848.10 RECEIPTS — NON-REVENUE Funds Borrowed — Outside_ 5,000.00 _ 8,000.00 Borrowed from Other Funds _ _ __ Transfers__ 1,710.28 2,125.40 Sales of Assets- 1,300.00 1,220.00 2,085.00 County Farm Contract _ ___ 2,400.00 Cancelled Warrants.. ... .. Refund Overpayments_ 66.82 _ 219.28 TOTAL Non-Revenue Receipts _ 6,366.82 2,930.28 14,829.68 "*** *" ” * * TOTAL RECEIPTS — AU Sources 59,678.79 42,063.58 59.677.78 Beginning Funds Balances_ 3,429.64 3,870.51 4.091.26 TOTAL FUNDS to Account for_$63,108.43 $45,934.09 $63,769.04 EXPENDITURES — Direct Costs Salary and Wages__$17,645.50 $ 7,962.50 $12,326.94 Bridge Repair Materials: • Lumber ..... 100.00 _ Piling -- 64.80 _i_ _ Steel_____ 9.40 _ ___ Concrete-- 42.00 Hardware, etc.- 485.73 _,--«._ [ Road Maintenance Materials: Gravel . 7,007.92 4,023.79 490.90 Asphalt and Concrete_ 1.20 - - , Culverts_ 408.00 369.02 _ Miscellaneous_- 50.66 53.48 7.75 Machinery Repair and Upkeep: Shop and Other Labor_ 2,399.51 1,016.66 3,109.97 Parts_. 8,626.68 4,023.92 7,014.89 Tires and Tubes . 888.13 1,471.02 740.37 Grader Blades_ 1,060.56 2,196.25 1,931.06 Other _ 345.27 541.13 320.31 Petroleum Products: Gasoline.. 2,241.31 2,830.67 3,599.78 Diesel Fuel _ 1,585.10 749.44 621.81 Lubricating Oil__ - 536.41 181.47 1,290.88 Grease ._..... 256.20 53.88 186.21 General Supplies_ 196.03 655.32 123.92 County Farm ---- - 4,064.77 Road Camp __ 137.00 36.00 —. Replacement_ 4.32 .75 67.75 Interest Charge_ 15.00 215.60 339.86 Sundry _ 134.77 189.71 118.14 Depreciation_ 1,625.05 3,433.22 2,125.67 TOTAL DIRECT COSTS_ 45,724.55 30,103.83 38,522.98 CAPITAL OUTLAY A INDIRECT COSTS Repayment of Loans Outside_ 1,000.00 2,800.00 7,600.00 Transfers Between Funds -.- , - - Loans to Other Funds--— —.— - New Const. Roads & Bridges_ 740.00 626.00 1,452.10 New Equipment'— Machinery- 13,732.61 6,056.25 10,085.00 Refunds_—- - - TOTAL CAPITAL CHARGES _"15,472 61 ” 9,482.25 ”19,137.10 Total Direct A Indirect Costs_ 61,197.16 39,586.08 57,660.08 LESS: Depreciation (Above) - 1,625.05 3,433.22 2,125.67 TOTAL Expenditures of Funds_ 59,572.11 36,152.86 55,534.41 Closing Funds Balances_ 3.536.32 9,781.23 8,234.63 TOTAL FUNDS Accounted for -$63,108.43 $45.934.09 $63,769.04 Fourth Fifth Spatial Road Road Road Total District District Fund Overa’l $ $ _ $ 55,416.31 $ 55.416.31 209.51 209.70 .75 18.76 27.35 .75 55.644.58 55.653.36 ' .... 60.11 60.11 .75 55.584.47 55,593.25 1.808.73 7,040.70 31,409.24 ....... 40.00 2,701.54 1.808.73 7,040 70 40.00 34,110.78 1.808.73 7,041.45 55,624.47 89,704.03 * ^ * 9,033.23 21.788.66 13,749.16 137,491.64 1,859.86 4,483.96 2,830.79 28,308.01 .. 16,511.45 16,511.45 10,893.09 26,262.62 33,091.40 182,311710 12,701.82 33,304.07 88.715.87 272,015.13 __ 13,000.00 . _ 6,500.00 6,500.00 .. 811.00 4,646.68 25.00 375.00 5,005.00 __ 2,400.00 3.06 3.06 _ ___ __ 286.10 28.06 7 686.00 7777I7Z 31,846784 12,729.88 40.990.07 88,715.87 303.855.97 107.98 20,605.45 65,288.84 97,393.68 $12,837.86 $61,595.52 $154,004.71 $401,249.65 # $ 5,127.75 $11,865.16 $ 12,764.10 $ 67,691.95 - 29,846.64 29,946.64 -- .- 5,852.46 5,917.26 - 9.40 - 1.20 43.20 - 4,417.67 4,903.40 10.50 4,401.60 21,065.18 36,999.89 -- 951.15 ... 952.35 - 5.88 7,048.63 7,831.53 - 131.00 _ 242.89 773.35 1,986.37 577.72 9,863.58 1,979.02 3,136.32 2,285.89 27,066.72 736.44 2,215.56 _ 6,051.52 844.63 • 699.75 ... 6,732.25 79.04 197.80 165.56 1,649.11 1,949.41 2,907.92 13,529.09 683.49 779.42 4,419.26 443.31 484.25 2,936.32 102.22 273.39 871.90 5.56 1.30 982.13 - 4,064.77 - 230.00 403.00 - 17.50 90.32 - 570.46 23.55 157.57 .. 623 74 1,116.74 1,596.70 9,897.38 13,875.01 32,038.64 84,025.05 244,290.06 - 11,400.00 - -------- 12,626.36 12.626.36 - 6,500.00 6,500.00 - 582.00 972.50 4,372.60 -- 1,918.85 31,792.71 -- -75 .75 9,001.60 13,598.86 ~ 66,692.42 J3,8J5.01 41,040.24 97,623.91 310.982.48 1,116.74 1,596.70 9.89738 12,758.27 39,443.54 97,623.91 301 085 10 79,59 22,151.98 56,380 80 lOO.lSlS $12,837.86 $61.595.52 $154,004.71 $401,249.65 3. Combined statement of assets ana liabilities of funds, sno Total All General Funds Fund ASSETS Cash in Depository __— $409,775.57 $140,063.72 Notes Receivable — Individuals- 600.00 - Securities Owned - 57,200.00 - Road Working Machinery - 112,919.57 .. School Trans. Equipment- 22,878.00 - TOTAL ASSETS ..... 603,373.14 140,063.72 LIABILITIES Notes Payable — Outside-,- 28,400.00 - TOTAL LIABILITIES_ 28,400.00 ~~.. NET ASSETS OF FUNDS 9-30-49 574,973.14 140,063.72 NET ASSETS OF FUNDS 9-30-48 517,417.24 155,221.48 INCREASE OVER PREV. YEAR 57,555.90 $ DECREASE UNDER PREV. YR-$- $ 15.157.74 wing tnair nat amts sn comparison with prarious yaar: Inters* k Road School Sinking Trues Funds Funds Funds Funds S100.1C4.55* $116,651.72 $52,840.35 $ 55.23 --- - 600.00 112^919.57 ...._Z “ l-. 57,200.00 _ 22.878.oo _ 213.084.12 139,529.72 52.840.35 57.855.23 22,400.00 - 6,000.00 .. 22,400.00 6,000.00 - - 190.684.12 133.529.72 52,840.34 57»«9, 179,034.17 70,401.33 57:037.88 55,722.'$ 0 11,649.95 $ 83,120.39 $ j- »- I 4,197.53 S ’ 32 83