Show COMMENDS RON OF SEVIER DISTRICT capital assets total indebtedness after completing an audit of the financial records of the sevier sr school hool district for the period july 1 1935 to june 30 1936 amos wood vod a auditor u aitor makes the com ment it is pleasing to note that the districts capital position is above the average at june 30 1936 the total value of capital assets after r depreciation is after deducting outstanding g bonds from this amount the balance sheet shows a capital surp surplus lus of mr wood states that all funds received by the district have been properly accounted for and that the records in the clerks office have been kept in a highly satisfactory manner he also states that the business of the district jias has bee been handled bandied in a splendid t imi manner anner and that officials should abe be highly complimented for the fine financial condition of the dis brict brict ui the value of the capital assets k was determined by an appraisal i for dor a previous audit to these fl values alues have been added each year expenditures for additions and permanent improvements and adjustments just ments have bave been made for depreciation pre clation mr wood recommends that a complete inventory of fum rs equipment text books and m books be taken showing the j jp present resent value of these assets which would make possible any necessary adjustments in listing the capital assets of the district the value of school sites is listed at it is of interest to note that the sito valued lowest is 50 the burrville Burr ville elemen elementary tarT school the site valued highest Eg liest is the rich field junior high school the saline high school site is valued at the richfield high school alte at the monroe elementary richfield elementary other sites range in value from to the appraised valuation or cost of f school buildings in the district is listed at from which a total reserve for depreciation is deducted ed leaving the total present valuation at the lowest valuation is the burrville Burr ville school chool listed at the highest the e richfield high school listed at the salina high school at the monroe high school at the monroe junior high the richfield elementary the sahna aluia junior high and the e elsinore junior high other ther buildings range in value from for sigurd to 24 for the koosharem Koo sharem elementary school building the district office building is valued at with furniture and apparao W at the appraised valuation a or r cost of furniture and apparatus is listed at with depreciation reserve bringing the present valuation down to the cost of library books is list at with depreciation reserves bringing it down to 3 general office library is 91 valued at text books ap M praised at have a present lalu e of 34 school chool S garages costing for I 1 wina richfield and monroe high choals schools ch are arc valued at school ms aises owned by the district one 28 dodge and one 1930 dodge lir we valued at 1190 water stock owned is valued at total receipts r for the year are led as added to rich ch is an opening balance bring the total to dis cements totaled m which amount is deductible deduc table expended for debt ser capital assets and improve etc leaving a total of Jl to which is added 31 charged for depreciation on ital assets bringing the total pense rise for the year to bonded indebtedness totaling i includes udea bonds dated janu f 1 1923 amounting to ds ads dated july 1 1932 amount 9 to and bonds dated arch ach a ch 15 1933 amounting to 24 I 1 all of them are refunding ids ds the first payable in install aits ants in 1939 1940 and 1941 the send nd issue payable in install enta ants of in 1937 1938 in 1939 and 1940 the third issue is payable installments of yearly om 1937 to 1941 inclusive and in 1942 school enrollment for the year 85 35 1936 totaled as combar L with for 1934 1034 1935 the re ge per capita costs in the altri et for the year were I 1 irka r elementary schools for na tolor lor high schools and for affa schools the district average r abot tt including deluding bond interest was waa and including bond inter zt 2 t oab 60 47 |