26 TWENTY-THIRD ANNUAL YEAR BOOK— PART I 



The examination and audit of this department is made in compliance 

 with the statutes of this state, requiring the same to be made before 

 the board meeting in December of each year. 



In making the examination, check and audit, we have checked all 

 sources from which revenue of the department is received. 



The records show that all funds from' whatever source received have 

 been turned over to the treasurer of the department and fully accounted 

 for. All claims for expense and maintenance for the fair and depart- 

 ment have been examined and all premium awards have been carefully 

 examined to ascertain if properly executed, the proper approval made 

 thereof and the record approval by the board made before payment was 

 made. 



The checks issued by the treasurer of the department for payment 

 of claims filed and approved, for expenses and the maintenance of the 

 fair and the premium awards made and approved, have been checked 

 against each and compared to ascertain if proper payments were made. 

 A number of checks issued by the treasurer are outstanding, not having 

 been presented for payment. A list of such and all outstanding checks 

 and warrants is submitted herewith. 



The buildings on the grounds are kept insured in companies author- 

 ized to transact business in this state. The amount of fire insurance 

 in force on buildings, including secretary's house and barn, amounts to 

 the sum of $218,500.00. The tornado insurance in force on buildings on 

 the grounds amount to the sum of $271,500.00. The premiums paid on 

 both amount to the sum of $6,808.39. These policies expire in 1923, 

 1924, 1925 and 1927 as shown by statement submitted herewith. 



The boys and girls in the public schools of the state, in their spelling 

 contest, manifest the same enthusiasm as ever. It is one of the draw- 

 ing attractions of the fair. The names of the boys and girls winning 

 places in the contest are submitted herewith. 



Your attention is called to the comparative tables, showing the re- 

 ceipts and disbursements of the fair for the years 1921 and 1922. It 

 will be seen that the receipts for 1922 were $313,259.49 and those for 

 the year 1921 were $297,695.25, a gain of $15,564.24. 



The total premium awards for 1922 fair were $104,521.65 and those for 

 1921 were $120,427.64, a decrease of $15,905.99. The total expense of the 

 fair, other than improvements, maintenance of grounds and premium 

 awards were for 1922 the sum of $161,753.46, that for the year 1921 were 

 $173,696.63, a decrease of $11,943.17. 



The total receipts from all sources for the fair of 1922 including cash 

 balance at the close of the previous year, was $349,235.33, that for the 

 year 1921 was $419,740.55, a decrease of $70,505.22. 



The total disbursements for all purposes for the year 1922 was $314,- 

 670.16, that for the year 1921 was $395,680.53, showing a saving of 

 $81,010.37 over last year in expenses. 



The records and books of the secretary and treasurer of the depart- 

 ment, showing the number and value of tickets issued, sold and returned, 

 have been carefully checked and reconciled, a full accounting having 

 been made. The records kept of non-paid admissions to the grounds, 

 grand stand, and stock pavilion have been checked and a statement of 



