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STANDING COMMITTEES FOR 1881-82.
TEACHERS COMMITTEE. MESSRS. HICKMAN, BUSH, HOLLAND, SCHWANER, HILL, KEATING,
COMMITTEE ON LANDS AND LEASING.
MESSRS. HARRINGTON, BOUTON, PLATE, PARLE, SCHUBERT, BORN
BUILDING COMMITTEE. MESSRS. SCHWANER, HOLLAND, PLATE, SCUDDER, BODEMANN, BOSLEY,
COMMITTEE ON SUPPLIES.
MESSRS. HILL, FOERSTEL, KNIGHT, SCHUBERT, BOSLEY, MCGARRY,
COMMITTEE ON WAYS AND MEANS.
COMMITTEE ON COURSE OF STUDY.
MESSRS. D'AMOUR, HICKMAN, SCUDDER, O'CONNELL, PARLE, BARTH, BUSH.
MESSRS. HOLLAND, BODEMANN, GERBER, BUSH, GOERLICH, D'AMOUR,
KEATING, and ex officio PLATE.
MESSRS. FOERSTEL, and ex officio, HICKMAN, SCHWANER, HARRINGTON, HILL,
MESSRS. KNIGHT, O'CONNELL, BOUTON, UDE, GOERLICH.
COMMITTEE ON RULES.
MESSRS. PARLE, HUMMEL, D'AMOUR.
REPORT OF THE PRESIDENT.
To the People of St. Louis :
I present, herewith, the twenty-seventh annual report of the Board of President and Directors of the St. Louis Public Schools, for the scholastic year ending July 31, 1881.
This report is submitted pursuant to section 8 of the original charter of the Board, approved February 13, 1833, which provides that “said Board shall, at least once every year, cause to be printed and published a true statement of the condition of the Public Schools under their charge, and of all the property under their control, and a true and fair account of all the money concerns of the corporation."
The report of the Superintendent of the Schools, herewith submitted, presents, it is believed, “a true statement, of the condition of the Public Schools, under the charge” of the Board, and in the report of the secretary, also submitted herewith, will be found a statement “ of all the property under the control of the Board, and a true and fair account of all its money concerns.
The report of the Secretary contains: (1.) detailed statements of the bills receivable held by the Board, July 31, 1881, with name of the fund to which each belongs; (2.) the Balance Sheet for the year; (3.) the real estate and improvements held for school purposes, (school sites and buildings); (4.) Receipts and Expenditures during the year—a separate statement being made of receipts and expenditures of each fund—the general revenue fund, the bonded debt fund, the building fund, and the permanent fund; (5.) the expenditures on account of each school under the control of the Board for the said scholastic year; (6.) list of the lands, held by the Board for revenue, which were not leased on July 31, 1881; (7.) list of leased lands, so held at said date.
It is essential to a correct understanding of the finances of the Board, that a separate statement should be made, giving the exact scope and condition of each of its several funds. Any other course would result in unavoidable confusion.
Under the Constitution of the State, the Board is prohibited from creating any debt, or expending in any year more than the income provided for that year. For the purpose, however, of paying the principal and interest of the indebtedness existing at the time of the adoption of the new constitution, November 30, 1875, a special tax (not exceeding one mill annually), is permitted to be levied. A separate fund is thus rendered necessary, known as the
I. BONDED DEBT OR SINKING FUND.
At the time of the adoption of the new constitution, November 30, 1875, the total bonded and floating debt of the Board was $754,000.00. For two years, 1876 and 1877, the full authorized limit of one mill was levied in addition to the regular levy of four mills authorized for current expenses. Since 1877 the Board has regularly levied a tax of one-half mill annually for the debt fund.
During the past year the Board paid off $50,000.00 of its bonds, leaving still outstanding $175,000.00 payable as follows:
January 1, 1882,
$50,000 00 50,000 00 50,000 00 25,000 00
All being six per cent bonds, interest payable semiannually.
The condition of this fund, August 1, 1881, was as follows: Cash on band, proceeds of bonded debt tax
$30,830 43 Nineteen Missouri State bonds
$50,970 43 $124,029 57
As the proceeds of each half mill tax levied, equal, if they do not exceed $80,000.00, and but a small portion of the tax levied for the year 1881 had been paid August 1, it will be seen that another levy of a half mill. tax will yield more than enough to provide for the remainder of the debt at maturity. Moreover, as part of the debt does not mature until January, 1885, and as payments into this fund from delinquent taxes of preceding years will continue to be made for some years to come, the Board may feel warranted, in the improved condition of its finances, in dispensing with any levy for the bonded debt for the year 1882.
A small amount is due this fund on account of the back taxes of 1876. I recommend that as soon as practicable, the exact amount be ascertained, and paid into this fund from the general revenue fund.
II. THE PERMANENT FUND.
This fund, under the construction placed by the Board, under advice of its attorney, as per Article XI, Section 8, of the State Constitution, concerning “ County School Funds,” and upon the act of May 16, 1879, consists of the
County School Capital Fund” received by the Board from the old County of St. Louis under the Scheme of Separation; of the proceeds of fines, penalties and forfeitures, paid to the Board, and all lands held by the Board, the title whereof is derived from grants made by the State