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State School Lands, 500,000 acres, interest

State School Lands, 16th and 36th sections, principal

State Scliool Lauds, 16th and 36th sections, interest

Reclamation Tax, Levee District Xo. 5, Sutter County

Delinquent State Drainage Tax, Sutter County

Sale of land to Louis Bezuhl

Sale of Swamp and Overflowed Land, District No. 18

Sale of Seminary Lands, principal

Sale of Seminary Lands, interest

Estates of Deceased Persons

From State Loan to Calaveras County

Fees from Secretary of State

Fees from Clerk of Supreme Court

Fees from Survex'or-General

Fees from Register of State Land Office

Fees from Insurance Commissioner

Sale of ballot paper

Licenses from incorporated banks

Sale of Geological Survey Reports

Sale of Supreme Court Reports

Sales of Statutes and Amendments to Codes

Tax on stock certificates

Sales of Debates Constitutional Convention

Interest on bonds held in trust for School Fund

Interest on bonds held in trust for University Fund

Redemption of bonds held in trust for School Fund

Redemption of bonds held in trust for University Fund

Rent of wharves and docks and collections for tolls

Costs of foreclosure, suits for default of interest State School

Lands

Revenue from State Prison at San Quentin

Money received from sureties of Robert Gardner

Mileage and other expenses of State Prison Directors returned

to State Treasury

Fees, etc., from Commissioner of Immigration

Money paid into Treasury by J. P. Ames, Warden of San Quentin

State Prison, under Act of Legislature

Money from Sacramento County and City for erection of Agri-
cultural and Industrial Exposition Building

Interest on bonds for benefit of James Saultry

State's portion of railway taxes

Refunding of money erroneously drawn

Counties' portion of railway taxes '.

Canceled warrants



$3,



305,506 93

285,493 35

16,201 46

9,117 92

139,363 51

62,109 84

10,010 22

1 06

9 53

280 00

156 80

32 94

2,313 35

2,434 01

9,421 00

7,893 20

3,759 60

2,595 91

15,914 32

93 40

13,400 00

95 90



113 00

6,514 70

50 00

127,523 50

78,036 14

10,000 00

42,000 00

190,182 10

669 25

25,000 00

3,604 38

11,065 60

189 60



$3,527,349 64

271,340 71

13,992 00

5,283 75

115,215 77

30,829 23

793 25



5,480 33

2,073 51

11,566 60

10,921 15

5,433 00

3,375 00

16,881 52

1,2S6 85

13,400 00

152 95

15 00

186 00

4,009 25

20 00

126,836 05

81,550 70

500 00

50,000 00

257,576 26

579 40



21,057 60



40,000 00

1,223 50

18,349 24

718 95

40,595 10

319 70



Total receipts for thirty-fourth and thirty-fifth fiscal years $4,391,085 77 | $4,678,912 01



10

APPORTIOXMENT.

The apportionment of receipts to the different funds was as follows:



Thirty-fourth
Fiscal Year.



General Fund

State School Fund

Interest and Sinking Fund

State School Land Fund

Consolidated Perpetual Endowment Fund, University

University Fund

State Library Fund

Supreme Court Librarj' Fund

Estates of Deceased Persons Fund

Election Reward Fund

San Francisco Harbor Improvement Fund

State Drainage Construction Fund

Leprosy Fund

State Prison Fund

Mining Bureau Fund

Interest and Sinking Fund, Levee District No. 5, Sutter County.

Swamp Laud District No. 18 Fund

Railwaj' Tax Fund

James Saultrv Fund



$1,565,004 70

1,894,643 48

396,899 50

166,234 17

42,156 80

78,069 08

9,584 00

1,578 64

2,313 35

9 34

190,182 10

2,416 09

189 60

25.000 00

6,614 70

10,010 22

280 00



$1,861,653 67

1,889,857 04

314,144 67

130,287 18

50,000 00

81,550 70

11,731 60

2,184 23

5,480 33

32 75

257,576 26

6,734 88

21,057 60



4,009 25
793 25



40,595 10
1,223 50



Totals- I $4,391,085 77 i $4,678,912 01



DISBURSEMENTS.



Amount of Disbuhsements fkom the Several Funds.



Thirty-fourtli
Fiscal Tear.



Thirty-fifth
Fiscal Year.



General Fund

State School Fund

Interest and Sinking Fund

State School Land Fund

Consolidated Perpetual Endowment Fund, University

University Fund

State Library Fund

Supreme Court Library Fund

Estates of Deceased Persons Fund

Election Reward Fund

Condemnation Fund

San Francisco Harbor Improvement Fund

State Prison Fund

Leprosy Fund

Mining Bureau Fund

Interest and Sinking Fund, Levee District No. 5, Sutter County.

Funded Debt Fund of 1873

James Saultrv Fund

Railway Tax Fund



$1,736,616 32

1,886,723 04

308,625 00

10,586 30

28,000 00

74,588 26

4,409 13

2,549 75

676 94

700 00

1.023 00

176,586 90

24,995 77

109 30

6,575 15

10,010 22

4,000 00



81,816,616 31

1,875,016 92

292,380 00

8,047 71



79,321 05
8,155 24
3,219 05



186,588 60

901 00

3,233 91

793 25

1,223 50

38,738 00



Totals $4,276,775 08 i $4,314,234 64



Note.— During the thirty-fourth fiscal year, Controller's warrants issued during previous
years were redeemed as follows :

Swamp Land District No. 5 Fund — principal and interest $428 80

Swamp Land District No. 18 Fund — principal and interest 280 00

Total $708 80

From the abov^e exhibits it will be seen that there is an excess in
receipts over expenditures for the two fiscal years amounting to $478,-
988 16, as follows:



11

Total receipts for thirty-fourth fiscal year $4,391,085 77

Total expenditures for thirty-fourth fiscal year 4,276,775 OS

Excess of receipts over expenditures, thirty-fourth fiscal year $114,310 69

Total receipts for thirtv-fifth fiscal year $4,678,912 01

Total expenditures for'thirty-fifth fiscal year 4,314,234 54

Excess of receipts over expenditures, thirty-fifth fiscal j'ear 364,677 47

Total excess of receipts over expenditures for the two fiscal yeai^s $478,988 16

But this excess in receipts over expenditures comes wholly to funds
other than the (jreneral Fund.

COMPARISON OF RECEIPTS AND EXPENDITURES.

The foUoM'ing exhibit shows a most favorable result of the present
administration, as compared with its predecessor, in the matter of
receipts and expenditures for the thirty-fourth and thirty-fifth fiscal
years, as against those of the thirty-second and thirty-third years,
to wit:

Receipts for thirty-second fiscal year $4,751,573 66

Receipts for thirty-third fiscal year 4,698,654 41

Total for thirty-second and thirty-third fiscal years $9,450,228 07

Receipts for thirty-fourth fiscal year .-$4,391,085 77

Receipts for thirty-fifth fiscal year 4,678,912 01

Total for thirty-fourth and thirty-fifth fiscal years $9, 069,997 78

From the total receipts of the thirty-second and thirty-third fiscal years $9,450,228 07

Deduct total receipts of thirty-fourth and thirty-fifth fiscal years 9,069,997 78

Leaves excess of former over latter of $380,230 29

The expenditures for the same time show even greater difiference
in favor of the present administration. They stand thus:

Expenditures for thirty-second fiscal vear $5,384,891 56

Expenditures for thirty-third fiscal year 4,418,362 13

Total for thirty-second and thirty-third fiscal years $9 ,803,253 69

Expenditures for thirty-fourth fiscal year $4,276,775 08

Expenditures for thirty-fifth fiscal year 4,314,234 54

Total for thirty-fourth and thirty-fifth fiscal years $8,591.009 62

Total expenditures for thirty-second and thirty-third fiscal years $9,803,253 69

Total expenditures for thirty-fourth and thirty-fifth fiscal years 8,591,009 62

Showing an excess in expenditures for the thirty-second and thirtv-third over the

thirty-fourth and thirty-fifth fiscal years of 1 $1,212,244 07

See Appendix, Statements Nos. 1, 2, 3, and 4, for details.

Statements 5 and 6 show the condition of each fund at the close
of the thirty-fourth and thirty-fifth fiscal years.

The Legislature, at its regular session, in addition to providing for
the ordinary expenses of the Government, appropriated $163,000 for
the erection of an additional building for the insane at Stockton, and
$40,000 towards the construction of an agricultural and horticultural
exposition building at Sacramento, making together $203,000. This,



12

with several smaller amounts, adds considerably to the expenditures,
although it is wholly incidental as connected with outlays properly
chargeable to the administration. The building for the insane was
indispensable to the proper care, protection, and safety of the insane,
and the one at Sacramento was demanded by the great interests whose
names it bears, and in whose behalf it has already done incalculable
good to the State.

FUNDS.

The following presents a review of the principal funds:

GENERAL FUND.

The law defining the General Fund provides that it shall consist of
moneys received into the State Treasury, and not specifically appro-
priated to any other fund. The principal sum apportioned to it is
derived from a tax upon real and personal property. From this fund
the main expenses of the State government, other than for school
purposes, are met. The following statements show the receipts and
disbursements :



Receipts for Thirty-


FOURTH Fiscal


Year.






From property tax


.?1,495.899
12,754
15,914
13,400
2.434
24,603


01
03

32
00
01
33








Licenses from incorporated banks

Calaveras County, payment on account of State loan








^1 565 004 70








38,000 00












Total


1 .$1,945,004 70


Disbursements.


$198,387 04

1.736.616 32

10,001 34




Warrants issued










Total -






$1,945,004 70











Receipts for Thirty-fifth Fiscal Year.



Balance at close of thirty-fourth fiscal year S10,001 34

From property tax $1,759,953 45

State officers, official fees 18,855 02

Insurance Commissioner 16.881 52

Licenses from incorporated banks ' 13,400 00 i

Miscellaneous sources 40^.718 95

Taxes on railroads assessed by State Board of Equalization 9,451 52

Calaveras Couutv, payment on account of State loan 2.073 51

$1,861,333 97

Canceled warrants 319 70

Total ) - .■-. $1 , 871,655 01

Dvihursements. \ \

Wan-ants issued $1,816,616 31 '

Balance to credit of fund 55,038 70

Total I $1,871,655 01



13

As shown b}' the last biennial report of m\' predecessor, the Gen-
eral Fund, at the beginning of the thirty-fourth fiscal year, owed to
the State School Land Fund, $98,387 04. During that fiscal year, an
additional transfer of $100,000 was made from that fund to the Gen-
eral Fund, making in all $198,387 0-4. This, together with $744,098 88,
the amount the General Fund was overdrawn on January 8, 1883 — at
the time of the change of administration — shows a total liability against
the fund at that date of $942,485 92. Soon after taking office, I trans-
ferred this amount of $198,387 04 back from the General Fund to the
State School Land Fund. Notwithstanding the heavy January pay-
ments of taxes, the large amount of outstanding warrants soon reduced
the General Fund to such an extent that it became necessary to
replenish it. This could only be done by transfers to it from other
funds having a surplus. Accordingly, transfers were made to it dur-
ing that fiscal year as follows:

From State School Land Fund $200,000 00

From San Francisco Harbor Improvement Fund 50,000 00

From Estates of Deceased Persons Fund 30,000 00

Total ,.. $280,000 00

At the close of that fiscal year there remained in the fund a bal-
ance of $10,001 34. At the close of the thirty-fifth fiscal year, June
30, 1884, with these transfers of $280,000 unreturned, there was remain-
ing a balance on hand to the credit of the fund of $55,038 70.

THE STATE SCHOOL FUND.

The revenue for the support of common schools arises from prop-
erty tax, poll tax, interest upon unpaid principal due from sales of
lands granted by the General Government to the State for educational
purposes, known as State school lands, from interest on bonds held
in trust by the State for the support of common schools, and from the
sales of geological survey reports.

The money arising from all these sources is known as the State
School Fund. It is apportioned to the several counties, semi-annu-
ally, during the months of February and August, by the State
Superintendent of Public Instruction, and is drawn upon Controller's
warrants issued upon presentation of the Superintendent's drafts in
favor of the various County Treasurers.

For detailed exhibits showing the amount received from and paid
to the several counties, see Appendix, Statements Nos. 8 and 9.

Thirty-fourth Fiscal Ykar.

JRcceipts.

Balance from thirty-third fiscal year $198,996 98

From property tax". I 1.410,302 97

From poll tax 285,493 35

From interest on 500,000-acre land grant 9,117 92

From interest on 16th and 36th sect'ions land grant 62,109 84

From sales of Geological Survey Reports 95 9(i

From interest on bonds held intrust 127,523 50

Total $2,093,640 46



14

Disbursements.

To warrants issued in favor of County Treasurers in August, 1882 $335,311 50

To warrants issued in favor of County Treasurere in February, 1883 1,547,913 53

Restitution of interest, land sold not property of the State 2,884 03

Cost of collecting unpaid interest on lands sold 571 57

Restitution of overpaid interest 42 41

Total disbursements $1,886,723 04

Amount apportioned to Plumas County, February, 1883, but undrawn 7,499 17

Leaving balance subject to next semi-annual apportionment 199,418 25

Total— $2,093,640 4ft

Thirty-fifth Fiscal Year.

Beceipts.

Balance from thirty-fourth fiscal year ' $199,418 25

Also undrawn apportionment of February, 1883, to Plumas County 7,499 17

From property tax 1,455,414 35

From poll tax •- 271,340 71

From interest on 500,000-acre land grant sales 5,283 75

From interest on Ifith and 36th sections land grantsales 30,829 23

From interest on'bonds held in trust 126,836 05

From sales of Geological Survey Reports 152 95

Total $2, 096,774 46

Disbuj'sements.

To warrants in favor of County Treasurers in August, 1883 $389,980 50

To Plumas County warrant, apportioned in thirty-fourth fiscal year 7,499 17

To warrants issued in favor of County Treasurers in February, 1884 1,471,904 75

To restitution of interest, land sold not propertj-^ of State 5,632 50

Total disbursements ._. $1,875,016 92

Amount apportioned to Lassen County, August, 1883, but undrawn 1,471 75

Amount apportioned to Alpine County, February, 1883, but undrawn 621 00

Amount apportioned to Inyo County, February, 1883, but undrawn 3,496 50

Amount apportioned to Lassen County, Februarj^, 1883, but undrawn 5,676 75

Amount apportioned to Plumas County, Februarj', 1883, but undrawn 6,878 25

Amount apportioned to Stanislaus County, February, 1883, but undrawn 14,161 50

Leaving subject to next semi-annual apportionment 189,451 79

Total $2,096,774 46

The interest on the bonds, reported in the foregoing statements, is
the yield from securities held in trust for the State School Fund by
the State Treasurer, consisting of bonds of the State of California,
amounting to $1,737,500, together with bonds of various counties of
this State, aggregating $241,400, and described as follows, to wit:



state Capitol Bonds of 1870— seven percent ; $236,000

State Capitol Bonds of 1872— seven per cent . .; 115,000

State Funded Debt Bonds of 1873— six per cent '.. 1,386,500



Humboldt County Bonds — nine per cent • $25,000

Mendocino County Bonds — eight percent 10,000

Napa Countj' Bonds — seven percent 60,000

Sacramento County Bonds — six per cent 1 26,400

San Luis Obispo County Bonds — eight per cent j 50,000

Santa Barbara County Bonds — ten per cent.. [ 20,000

Solano County Bonds — seven per cent ' 9,500

Stanislaus County Bonds— eight per cent ' 9,000

Tehama County Bonds — eight per cent j 11,500

Tulare County Bonds — ten per cent | 20,000



$1,737,500



$241,400



Total I ; $1,978,900




15

Since the last semi-annual report of the Controller, county bonds
have been redeemed as follows:



San Luis Obispo County Bonds — ten per cent, December 2, 1882 $10,000

Solano County Bonds — seven percent, July 24, 1SS3 500



Total redeemed 810,500



This fund, as already stated, is fed bj' interest on bonds held in
trust; by poll taxes; by interest on sales from the 500,000-acre land
grant; by interest on sales from the sixteenth and thirty-sixth sec-
tions land grant; by sales of geological survey reports; and by a per-
centage on State taxes, fixed from year to year by the State Board of
Equalization — though the great bulk of it comes from the percentage
on State taxes. Hence, if these be largely delinquent, the School
Fund is correspondingly diminished. And to this cause is mainly
due the lessened apportionments to the various counties by the Super-
intendent of Public Instruction.

The rate of taxation for 1880, for State purposes, was sixty-four cents
on each §100 of property, of which twenty-three cents was for school
purposes; for 1881, the State rate was sixty-five and one half cents,
school rate twenty-two and four tenths cents; for 1882, State rate, fifty-
nine and six tenths cents, school rate, twenty-four and three tenths
cents; and for 1883, the State rate was forty-nine and seven tenths
cents, school rate, nineteen and six tenths cents.

The law requires that S7 per census child shall be collected for the
use of schools each year. The interest upon bonds held in trust, and
upon unpaid sales of lands, together with the amount from poll taxes
and other sources, adds largely to this amount. The details apper-
taining to all these will be found in Statements Sand 9, in Appendix.

INTEREST AND SINKING FUND.

This fund, consolidated from interest and sinking funds for the
payment of the principal and interest upon various kinds of bonds
issued by the State, was intended to meet the principal and interest
of the whole of these obligations; but it is evident from the condition
of the fund, that for several years but little has been received in
excess of an amount sufficient to meet the annual interest, thus leav-
ing most of the principal of all these bonds unprovided for. The
State bonds for which payment is unprovided, are as follows:

state Capitol Bonds of 1870, due July 1,1885,7 percent 8250,000

state Capitol Bonds of 1872, due July 1,1887,7 percent 250,000

Funded Debt Bonds of 1S73, due July 1,1893, 6 percent 2,698,000

Total $3,198,000

Of the foregoing bonds, §250,000 will fall due Julv 1, 1885, and must
be met. There was to the credit of this fund, July 3, 1884, $270,443
47. There will be received into the fund during the present fiscal
year, about §277,000— making, in all, §547,443 47. The interest falling
due up to that date will amount to §301,888 — leaving §245,555 47 in
the fund. As will be seen, this is §5,000 less than enough to meet
these bonds. Besides, there will be needed, to pay the interest falling



16

due January 1, 1886, $89,690. I, therefore, recommend that a transfer
of an amouiit sufficient be authorized from other funds having a sur-
plus to the Interest and Sinking Fund, to pay these bonds, together
with the interest falling due January 1, 1886. Then this amount
should be included in the tax levy, in order that the fund or funds
from which this transfer shall be made, may be replenished.

The State Capitol Bonds of 1872 falling due July 1, 1887, can be met
by including in the tax levy to be made by the Legislature soon to
assemble, an amount sufficient to pay them.

The State Funded Debt Bonds of 1873, falling due 1893, amount to
$2,698,000. They must, at that time, be either paid or re-funded. In
either event, prompt action should be taken. If it be determined to
re-fund them, the Legislature must submit the matter to a vote of the
people. This vote could not be had until November, 1886. If it be
decided to pay them, a sufficient proportionate amount for their extin-
guishment should be included annually in each tax levy from now
until 1893.

STATE SCHOOL LAND FUND.
Jieceipts — Thirty-fourth Fiscal Year.

Balance from thirty-third fiscal vear $198,648 69

Transfer from General Fund_ — I 198,387 04

Receipts from sales of land 166,234 17

Total $563,269 90

Disburse^nents.

To warrants issued, refuuding money paid for lands sold, not the proj^erty of the

State S10,586 30

To amount loaned to C4eneral Fund, Mav 9, 1883 200.000 00

To amount loaned General Fund, August 8, 1882 100,000 00

Total S310,586 30

Balance June 30, 1883 252,683 6(i

Total - . $56 3,269 90

Jieceipts — Thirty-fifth Fiscal Year.

Balance from thirty-fourth fiscal year $252,683 60

Receipts from sales of land 130,287 18

Total ._51i2,970_''^

lyisb urscments.

To warrants issued, land sold not the property of the State $8,047 71

Balance on hand June 30, 1884 374,923 07

Total _$382,970 78

Add to this balance of $374,923 07, on hand at the close of the
thirty-fifth fiscal year, June 30, 1884, the $200,000 transferred to the
General Fund May 9, 1883, and which has not yet been returned,
and it will be seen that the amount to the credit of this fund, and
which ought to be at work for the support of schools, is $574,923 07.
This money, if invested in bonds bearing six per cent interest, would
furnish annually $34,495 36 to the School Fund.

In answer to a letter addressed to the State Board of Examiners,
inquiring what, if anything, had been done by them looking towards
the investment of this money, I received the following reply;



17

State of California, Exf.cutive Department, )

Sacramento, October 13, 1884. j
Hon. J. P. Dunn, State Controller :

Sir : Replying to your favor of tlie seventh, asking " what arrangements, if any, have been
made by the State Board of Examiners for the investment of the money in the State Treasury
to the credit of the State School Land Fund, under Sections 680 and 682 of the Political Code,"
we have to say that neither said money, nor any portion thereof, has j'et been invested by this
Board. No application has been made to this Board, under the law, to take any portion of
said money. The Board have an advertisement now under publication in the newspapers,
asking for proposals to sell bonds to the State, to be paid for out of the State School Land Fund.
Yours truly,

GEORGE STONEMAN.
Chairman State Board of Examiners.

UNIVERSITY FUND.

The amount of bonds now on deposit in the State Treasury, under
Act of March 19, 1878, creating the "Consolidated Perpetual Endow-
ment Fund " of the University of California, is $1,346,000. The bonds
are described as follows:



Title of Bonds.



Kate of
Interest.



State Capitol Bonds of 1872 J

state Bonds of 1873 (funded debt)

San Francisco City and County Bonds of 1858 (funded debt)

San Francisco Park and Avenue Improvement Bonds of 1873

San Francisco Montgomery Avenue Bonds of 1873

San Francisco Park and Avenue Improvement Bonds of 1874

San Francisco School Bonds of July 1, 1874

San Francisco Dupont Street Bonds of 1877

Santa Clara County Bonds of 1877

Santa Clara Countv Western Pacific Railroad Subscription Bonds

of 1865 I

Oakland Sewer Bonds of 1875

Alameda School Bonds of 1878

San Luis Obispo County Bonds of 1870

Kern County Bonds of 1880

Fresno County Bonds of 1878

Sonoma County Bonds of 1881

Plumas County Bonds of 1881

Merced County Bonds of 1874

Marin County Bonds of 1870 1

Tehama County Bonds of 1883



$135,000 00

817,500 00

2,000 00

50,000 00

22.000 00

1,000 00

30,000 00

40,000 00

3,000 00

10,000 00
13,000 00
10,000 00
8,000 00
30,000 00
12,500 00
41,000 00
12,000 00
22,000 00
50,000 00
37,000 00



Total _.! $1,346,000 00



7 per cent.
6 per cent.
6 per cent.
6 per cent.
6 per cent.
6 per cent.

6 per cent.

7 per cent.
7 per cent.

7 per cent.

8 per cent.

6 per cent.
10 per cent.

7 per cent.
7 per cent.
6 per cent.

6 per cent.
10 per cent.

7 per cent.
5 per cent.



Bonds have been redeemed during the last two fiscal years as
follows :



Date of
Bedemption.



Title of Bonds.



Rate of
Interest.



Oct. 9, 1882..

Mar.l2, 1883 -

Mar. 4,1884-.

Nov. 5, 1883—
Oct. 9, 1882..

Oct. 9, 1882..
Mar. 12, 1883..
Mar. 4, 1884..



San Francisco City and County Bonds of 1858

(funded debt)

San Francisco City and County Bonds of 1858

(funded debt)

San Francisco City and County Bonds of 1858

(funded debt)

San Francisco City and County Bonds of 1863

San Francisco City Hall Construction Bonds of

July 1, 1874

San Luis Obispo County Bonds of 1872

Kern County Bonds of 1880

San Joaquin County Bonds

Total amount redeemed



$2,000

2,000

8,000
20,000

5,000
11,000
14,000
20,000



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