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Show u School District Pays $89,000 Bonded Debt According to the annual statement of the Alpine School District published pub-lished this week in this paper the board retired a total of $89,000 of bonded indebtedness during the past year, reducing the bonded indebtedness indebted-ness to $353,000, the lowest figure it has reached since the time the district dis-trict errected its four high school units some fifteen years ago. In addition ad-dition to this the board had a $25,- 000 cash balance on hand July 1, 1937, making the financial condition condi-tion the best in many years. The district's total worth is placed plac-ed at $1,284,830.25 and its outstanding outstand-ing bonded indebtedness is but $353,000. This leaves the net worth of the district only $69,000 short of an even million dollars. The district received $459,809.25 as receipts during the fiscal year and of course expended a like amount. Taxes were the chief source of revenue reve-nue with the exception of $24,400.00 . which was paid as the final dividend from the Bank of American Fork. 1 I The largest expense was salaries of teachers and other employees which reached $206,000.00, bonds retired $89,000, transportation $19,-022.73, $19,-022.73, plant- maintenance $16,278 and $31,119.90 as improvements, building and furniture and bus purchase. pur-chase. Other items of interest to the taxpayer tax-payer in the report is a list of all amounts paid out and to whom paid. The per capita cost table which jbreakes up the expenditures by schools and by items is mighty interesting in-teresting and gives the reader a definate idea of where his school dollar is going. The report is one of the most complete any district in the state issues and Clerk J. F. Walton is to be congratulated for the work and effort he goes to each year to get this information out to the taxpayers. tax-payers. o |