Show Estimated Financial Condition of Davis I School District Board of Education DaVIS School District Gentlemen I 1 here herewith Ith submit my budget as required re required by law This sheet con contains a statement of the estimated 1 condition ot of the Davis Divis district at the close of the school year 1930 31 31 which end ends June Total revenue budgeted 00 To Total 1 revenues recel received cd 00 Shortage in m income 00 The shortage is JS due duc to delinquent taxes In county 2777 00 and in m the State 00 Total 00 Total expenditures 00 Total res rc revenue recel received cd 00 Deficit or overdraft 00 Under the law Jaw the district is en- en entitled en entitled titled to borrow up to the amount I en-I of any delinquent taxes By so 0 dOIng the district has been able to meet Its obligations The total expenditure beyond the budget is Ie only 00 notwithstanding emergency expendi c expenditures tures not provided for in m the bud bud- budget bud get Iet to th the amount of 28 have been made to repair the flooded bUild mt at Centerville and to replace roofs due to the recent severe east cast eastwind wind This means that the board of education has 3 1 HH 28 J less s for actual operation of or the schools e excluding emergencies than the I budget of 1930 31 provides Respectfully submitted H II C Burton 1 1 I Superintendent c |