Show SCHOOL SINKING I FUND PROPOSED Three Three- Year Three Year Audit Report of Alpine District Released r rA A suggestion that in the future the Alpine scho school district provide a sinkIng sink sink- Ing ng fund to ta retire bonds at maturity is contained in a three year car audit report report re re- port of the district released Thursday by jy State Auditor Julius C C. Anderson The audit was was' made by Clifford L. L Wright of ot Pleasant Grove The audit shows an outstanding bonded indebtedness of on an June 30 1934 due to some measure to a refunding a part of the bonds due since 1930 as well as to closing of the Bank of American Fork tying up considerable of at the school funds The report also recommended a rescheduling rescheduling rescheduling re re- re- re scheduling of insurance because of recent re reo re- re cent transfer of property and rid a greater great great- er itemizing o of claims against the district dis dis- particularly for labor Operating expenses for the district were per pupil In 31 1930 sank to In 32 1931 but jumped to in 34 1933 the report said Total expenditures in 34 1933 were |