THIRTEENTH ANNUAL YEAR BOOK— PART VI 283 



Mr. Legoe moved that the details of classification, rules, etc., 

 for the fine arts department be left to the superintendent of the 

 department and the executive committee. Motion carried. 



Mr. Phillips moved that the management of the 1913 fair be 

 delegated to the executive committee and the elective members 

 of the board; seconded by Mr. Reeves. Motion carried. 



Secretary Corey made the following report to the board : 



To the ]\llembers of the State Board of Agriculture: 



The following is a summary of the financial condition of the treasury 

 on December 1, 1912: 



Balance on hand, December 1, 1911 $ 18,036.99 



Receipts other than fair 22,579.82 



Receipts of fair 185,701.21 



$226,318.02 



Disbursements other than fair improvements $ 4,101.43 



Expense of fair 143,968.89 



Permanent improvements 71,056.56 



Maintenance of grounds and buildings 6,575.51 



225,702.39 



Balance on hand December 1, 1912 $ 615.63 



Unpaid bills on file: 



■T. E. Lovejoy, balance on contract $ 2,300.00 



J. H. Queal & Co., balance on lumber bill 539.31 



John Christie Co., insurance premiums 150.00 



W. H. Brereton, brick 49.50 



Miscellaneous bills 46.83' 



Total unpaid bills $ 3,085.64 



Less cash balance 615.63 



Net debit $ 2,470.01 



Estimiated receipts to May 1st: 



From Stallion Registration Division $ 8,500.00 



State appropriation for insurance 1,000.00 



Other receipts 500.00 



Total estimated receipts to May 1st $ 10,000.00 



Net debit December 1, 1912 $ 2,470.01 



To estimate amount of warrants necessary to issue 



to May 1, 1913 7,500.00 



$ 9,970.01 



From the foregoing statement it would seem necessary for the 

 board to authorize the executive committee to borrow about 

 $3,000.00 to pay the balance due on contracts and bills on file and 

 to carry us over until receipts from the Stallion Registration 

 Division start coming in. I -believe, with this amount, and the 

 receipts anticipated we can manage to get along until May 1st. 



