ELEVENTH ANNUAL YEAR BOOK— PART VI 321 



Less amounts received from loans $7,000.00 



Less amounts received for insurance 1,000.00 8,000.00 



Credit account May 1st less amounts above 6,119.06 



To amount of warrants issued from Dec. 1, 1909, to April 1, 



1910 $ 10,157.50 



To amount issued in payment of unpaid contracts and bills car- 

 ried over from the previous year 5,856.60 



To amount of warrants issued on 1910 accounts $ 4,300.90 



To amount of warrants issued to May 1, 1910 $ 11,426.78 



To amount issued in payment of unpaid contracts and bills 



carried over from previous year 5,856.60 



To amount of warrants issued on 1910 accounts $ 5,570.18 



STATEMENT OF ESTIMATED CREDITS AND DEBITS' AND CREDITS 

 TO APRIL AND MAY 1, 1911. 



To April 1, 1911— 



To net credit balance Dec. 1, 1910 $ 5,126.07 



To amount of receipts to April 1st (estimated) 700.00 



To estimated credits to April 1st $ 5,826.07 



If money from state for insurance is received 6,826.07 



To May 1, 1911— 



To net credit balance Dec. 1, 1910 $ 5,126.07 



To amount of receipts to May 1, 1911 (estimated) 1,000.00 



To estimated credits to May 1st $ 6,126.07 



If money from state for insurance is received $ 7,126.07 



To estimate amount of warrants necessary to issue prior to 



April 1, 1911, other than on unpaid contracts $ 5,000.00 



To estimate as above to May 1, 1911 $ 6,000.00 



CONCLUSIONS. 



It would seem after a careful study of the above summaries that the 

 department would have ample funds, if judiciously handled, to meet all 

 necessary expenses to April 1, 1911, and possibly to May 1, if the money 

 due from the state for insurance ($1,000.00) is received before that date, 

 after which time it might be necessary to negotiate loans in an amount of 

 from $2,000.00 to $5,000.00, to enable us to pay all bills promptly. This 

 is assuming that the expense up to April or May 1st will not greatly ex- 

 ceed that for the preceding year, or as estimated in above summary. 

 There is also a possibility that if the coming general assembly appro- 

 priates funds for improvements, as will be recommended by this board, 

 some preparatory work will have to be done in the month of April that 

 will increase the labor pay rolls in excess of any estimate made, in which 

 event it might be necessary to negotiate a small loan prior to May 1st. 

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