Salt Lake Telegram | 1934-05-10 | Page 22 | Scholl Costs Drop in Year

SCHOOL COSTS DROP IN YEAR Receipts Up During Nine Month Period Endi Ending End End- i ing March 31 t Expenditures for tor all al purposes in Operation of oC city schools decreased while receipts receipt increased 55 durIng the first nin nine month month pe- pe nod of oC tile the current curel school schol year end end- ing March 31 accord according in to audit report on file te Thursday at school headquarters The Te report a progress On a continuous special aud audit t conduct conduct- eel e by Beesley Besley Wood Co Salt Sal Lake accountants indicates there wi be bea a deficit of at the close cose of the fiscal year ear June 30 30 compared to a deficit of at al the end of oC last year car Schools however discredit the report re- re r port rt in that thit phase due to the tact fac that it fails rais to take into consideration the te tact fact that already about has ha been received rom the state district di- di dis- dis school Lund fund The report shows only revenue from that source surce Credits Offset Offe Deficits A net difference of between the lato figures fIgure to together ether with wih the a further furter credit credit yet undetermined mined will wi more than offset any ap anticipated an an- deficit nt at the end of the te year school officials said Hence alary galary increases allowed teachers un un- tier der their 34 1934 contracts contract everag log ing 80 but bu not exceeding In InIn any individual case will wi not require an In increase in i tax tx levy next year it i was said sd Estimated receipts receipt for the current year er fixed at showed an balance as of March 31 of auditors reported Disbursements in the maintenance and nd administration fund for the nine nine- month mont perIod totaled corn com pared ared 1 to during durig a correspondIng correspond Ing ig period last year yer Instruction Fund Cut The instruction fund including teachers teachers' Te and principals principals' salaries totaled to to- compared with for the thc nin nine month month period last I yea Th The operation fund showed expenditures I of a decrease of about but d with ith the te previous rear er Fixed charges charge such as Insurance and teachers teach compensation premiums ad ers ers' pensions cost which is about abut less les than expended for similar purposes during a corresponding correspond correspond- ing imia period last lat year yea according to the report Total disbursements br or all nl purposes pur pur- poses during durig the period were 1395 1395 leaving an budget balance of 1157 05