503 STATE BOAED OF AGRICULTUEE. 



1873, receipts about $3,199 11 



expenses about ^1,117 GO 



1874, receipts about 2,338 40 



expenses about $642 56 



premiums 660 09 



races - 490 00 



Total 1, 798 68 



Net profit, 1874.- ^539 72 



This review furnishes us with data upon which to base estimates for the ensu- 

 ing year. With proper care in keeping your accounts you may soon be enabled 

 to judge with tolerable accuracy of your resources and liabilities in each depart- 

 ment, thus enablmg you to lop off any unprofitable member, and put you in a 

 position to place a new project Avhenever the time comes calling for such a 

 movement. 



I submit estimates for the year 1875, to-v."it : 



EESOUBCES. 



Kent of grounds $400 00 



Entrance to races, with purse the same as now 250 00 



Proceeds of sale of tickets 1, 800 00 



Total $2,450 00 



LIABILITIES. 



Expenses $700 00 ' 



Premiums 700 00 



Eaces 500 00 



Interest on mortgage 100 00 



Total 2.000 00 



Balance $450 00 



EESUME. 



Land cost $1, 737 33 



Fences cost 545 73 



Track cost 162 10 



Buildings cost 1,070 30 



'»■■ 



Total value of property $3, 515 46 



Less indebtedness 1,400 00 



Leaves property valued at $2, 11 5 46 



with which to secure our certificates of indebtedness over and above those now 

 outstandinsf. 



In addition to the above property account may be added the grand stand, 

 which Avill iniire to the society for their use and benefit, and add a revenue of 

 $200 or more j^er annum, beginiiing with the j-ear 1877, 



