100 TWENTY-SECOND ANNUAL YEAR BOOK— PART II 



FINANCES 



On December 1, 1920, the Department had on deposit with the 

 Treasurer $73,354.64. There was an outstanding indebtedness 

 amounting to approximately $33,000. This indebtedness was for 

 balance due on contracts for the brick cattle barn and sale pavilion. 

 This left a net balance, after paying contracts, of $40,000 for 1921 

 operations. 



The receipts from sources other than fair were $48,690.66. The 

 principal items were state appropriations for the following purposes : 

 Paving assessment against state fair grounds, $11,779.94; for addi- 

 tional land, $4,513; repairs and improvements to buildings, $12,500; 

 support fund for the Department of Agriculture, $2,400; and insur- 

 ance premiums on buildings, $1,000. Other items of receipts were: 

 Fees, Stallion Registration Division, $4,225.50; borrowed money, 

 $3,000; rentals from sale pavilion, $1,181; interest on daily balance 

 and time deposit, $2,119.48; salvage from brick barn No. 2, $1,535. 

 The minor items are fully set out in the financial statement made a 

 part of this report. 



Iowa State Fair 

 The total receipts of the 1921 Iowa State Fair were $297,695.25. 

 This was a decrease of $113,281.53 from 1920; $23,949.30 from 



1919, and an increase of $46,498.63 over 1918. The latter year was 

 the best year the fair had financially until the unusually prosperous 

 years of 1919 and 1920. 



The receipts from ticket sales amounted to $184,708.50. This was 

 a decrease of 32% from 1920 and 12% less than 1919, but exceeded 

 the receipts from ticket sales in 1918 by 10%. The receipts from all 

 other sources of the fair, including concession space rental, stall and 

 pen rent, etc., were $112,986.75. This was a decrease of 20% frona 



1920, and an increase of 3% over the receipts from the same sources 

 during 1919. 



The attendance of the fair and the receipts compare favorably 

 with any year, with the exception of 1919 and 1920, which years we 

 are now obliged to look upon as abnormal and unusually prosperous 

 and they should not be used in comparison with 1921 or as a basis 

 for making up budgets or plans for future fairs. The itemized 

 statement, made a part of this report, sets out in detail the receipts 

 from all departments of the fair. 



