Show gives 1 report on district school funds auditor commends board on administration of the district highly commending school officials c for the manner in which the business of the district has been handled and for the fine financial condition of the district amos N wood submitted a report this week weed on the audit of records of the sevier school district for the fiscal year y car ending june 30 1937 the audit shows that capital assets are based on a previous audit with adjustments for depreciation and improvements improvement s an inventory of equipments and books is recommended nl nedd some comparisons with the audit of last year is of interest bonded indebtedness has been decreased from on june 30 1936 to on june 30 1937 current liabilities last year included for time warrants payable for notes payable andi and for accrued interest payable this year only was listed for time warrants payable and accrued cru ed interest payable has dropped to this shows by COI comparison a total of in current liabilities on june 30 1936 1 as compared with in current liabilities on june 30 1937 current assets were vere listed at 46 on june 30 1936 its as compared with 0 on june 30 1937 1117 revenue receipts on june 30 1936 or receipts from county taxes whereas on june 30 1937 this item amounted to on the other hand tax sale redemptions ons gave the district for the 1936 fiscal year as compared with state equalization funds reached on june 30 1937 as compared com with only on june 30 1936 these three items account large largely for th fact that revenue receipts were vere listed at for the year ending june 30 1936 as compared with for the year endwig june 30 1937 disbursements for the year ending june 30 1936 totaled 1 as compared with for the year ending june 30 1937 the decrease in disbursements this year is accounted for mostly by decreases in expenditures for maintenance of the school plant and a decrease in capital capit outlay the board held well within its budget this year budget appropriations were listed at and the amount expended reached |