STATE AGRICULTURAL SOCIETY. 59 



FINANCE, 



As will be seen by the financial report of the Secretary for the year 

 eighteen hundred and sixty-four, herewith transmitted, the citizens of 

 Sacramento subscribed and placed at the disposal of the Board the sum 

 of five thousand two hundred and seventy-eight dollars. The receipts 

 from all other sources were seven thousand seven hundred and seventy- 

 five dollars and fifty cents, making the total receipts of that fiscal year 

 thirteen thousand and fifty-five dollars and fifty cents. 



Of this amount the sum of six thousand one hundred and fifty-five 

 dollars was used in the payment of premiunas and purses, and four thou- 

 sand fo ir hundred and thirty-six dollars and three cents for the payment 

 of current expenses, leaving a balance of two thousand four hundred and 

 sixty-two dollars and forty-seven cents in the Treasury, which was appro- 

 priated according to law for the redemption of outstanding warrants 

 against the General Fund, and with which warrants were redeemed to 

 the amount of eight thousand two hundred and seventy dollai's and 

 tw^enty-two cents. Add to this the sum of one hundred and thirty-two 

 dollars and fift}' cents, the amount of warrants donated to the society 

 by diiferent parties, and we have the sum of eight thousand four hun- 

 dred and two dollars and seventy-two cents, the amount of the indebt- 

 edness liquidated daring the year eighteen hundred and sixty-four — 

 leaving a balance of outstanding warrants on the General Fund of eleven 

 thousand three hundred and thii-ty-four dollars and sixty-five cents, at 

 the beginning of eighteen hundred and sixty-five. 



This year the subscription of the citizens of Sacramento amounted to 

 four thousand four hundred and seventy-eight dollars. The receipts 

 from all other sources were eighteen thousand three hundred and cight^'^- 

 seven dollars and forty cents, making total receipts twenty-two thousand 

 eight hundred and sixty-five dollars and forty cents. 



Of this amount ten thousand six hundred and eighty-eight dollars and 

 seventy-five cents have been used in the payment of premiums and 

 purses, and eight thousand seven hundred and ninety-four dollars and 

 sixty-three cents to liquidate current expenses, and two hundred and fifty- 

 six dollars and thirty-five cents appropriated for accruing expenses and 

 premiums uncalled for, leaving a balance of three thousand one hundred 

 and twenty-five dollars and sixty-seven cents, which has been used 

 according to law for the redemption of outstanding warrants against the 

 General Fund, and with which there has been redeemed the sum of five 

 thousand nine hundred and fifty-seven dollars and thirty-six cents. Add 

 to this, thirty dollars, the amount of a warrant donated to the society as 

 a subscription, and we have five thousand nine hundred and eighty-seven 

 dollars and thirty-six cents, the amount of indebtedness liquidated in 

 eighteen hundred and sixty-five. This leaves a balance of outstanding 

 warrants, including interest on the same to date, as the present indebt- 

 edness of the society, of six thousand two hundred and thirty-four dollars 

 and foi'tj^-four cents, against twenty-six thousand four hundred and 

 seventy-three dollars and fifty-eight cents, the indebtedness of the society 

 on the twelfth day of Marcli, eighteen hundred and sixty-three, when 

 the Board of Agriculture was organized, and the affairs of the society' 

 placed in the hands of the present management. 



Notwithstanding the rapid improvement in the financial condition of 

 the society, if w^e deduct the sum of five thousand five hundred and 

 eighty-eight dollars and fourteen cents, the amount used for the redemp- 



