Biennial report of the Treasurer of North Carolina |
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THE LIBRARY OF THE UNIVERSITY OF NORTH CAROLINA THE COLLECTION OF NORTH CAROLINIANA C336 N87t 1960/62 UNIVERSITY OF N.C. AT CHAPEL HILL 00033968449 This book must not be taken from the Library building. ifua BIENNIAL REPORT TREASURER OF NORTH CAROLINA FISCAL YEARS ENDED JUNE 30, 1961 AND 1962 ^ BIENNIAL REPORT OF THE TREASURER OF NORTH CAROLINA FOR FISCAL YEARS ENDED JUNE 30, 1961 AND 1962 EDWIN GILL STATE TREASURER Digitized by the Internet Archive in 2011 with funding from Ensuring Democracy through Digital Access (NC-LSTA) http://www.archive.org/details/bienniatreasr19601962nc PUBLIC TREASURERS OF NORTH CAROLINA From To Richard Caswell, Northern District 1775 1777 Samuel Johnston, Southern District 1775 1777 Memuncan Hunt 1777 1787 John Haywood 1787 1827 William S. Robards 1827 1830 William S. Mhoon 1830 1835 Samuel T. Patterson 1835 1837 Daniel W. Courts 1837 1839 Charles L. Hinton 1839 1843 John W. Wheeler 1843 1845 Charles L. Hinton 1845 1851 Daniel W. Courts 1851 1863 Jonathan Worth 1863 1865 Jonathan Worth, Provisional Treasurer June 12, 1865 Nov. 16, 1865 William Sloan Nov. 16, 1865 Jan. 1, 1866 Kemp B. Battle Jan. 1, 1866 July 8, 1868 David A. Jenkins July 8, 1868 Nov. 22, 1876 John M. Worth Nov. 22, 1876 Jan. 21, 1885 Donald W. Bain Jan. 21, 1885 Nov. 16, 1892 Samuel McD. Tate Nov. 16, 1892 Jan. 23, 1895 William H. Worth Jan. 23, 1895 Jan. 15, 1901 Benjamin R. Lacy Jan. 15, 1901 Feb. 21, 1929 Nathan O'Berry Feb. 23, 1929 Jan. 6, 1932 John P. Stedman Jan. 7, 1932 Nov. 21, 1932 Charles M. Johnson Nov. 21, 1932 Jan. 6, 1949 Brandon P. Hodges . Jan. 6, 1949 July 20, 1953 Edwin Gill July 20, 1953 CONTENTS Page Consolidated Statement: Year Ended June 30, 1961 12 Year Ended June 30, 1962 68 General Fund Revenue and Refunds: Year Ended June 30, 1961 14 Year Ended June 30, 1962 70 Abstract of General Funds showing Appropriations, Receipts and Disbursements: Year Ended June 30, 1961 16 Year Ended June 30, 1962 72 Special Funds: Year Ended June 30, 1961 28 Year Ended June 30, 1962 86 Capital Improvement Funds: Year Ended June 30, 1961 38 Year Ended June 30, 1962 96 Sinking Funds: Year Ended June 30, 1961 48 Year Ended June 30, 1962 106 Securities in Sinking Funds: Year Ended June 30, 1961 , 50 Year Ended June 30, 1962 108 Bonded Debt: Year Ended June 30, 1961 51-54 Year Ended June 30, 1962 109-113 Treasurer's Investments of Fund Balances: Year Ended June 30, 1961 55 Year Ended June 30, 1962 114 Bank Balances: Year Ended June 30, 1961 56 Year Ended June 30, 1962 115 Retirement and Trust Funds: Year Ended June 30, 1961 61-63 Year Ended June 30, 1962 120-122 Securities held in trust: Year Ended June 30, 1961 64 Year Ended June 30, 1962 123 Assessed Property Valuation: Year Ended June 30, 1962 123 State of North Carolina DEPARTMENT OF THE TREASURER Raleigh January 15, 1963 Honorable Terry Santord, Governor ot North Carolina; The Advisory Budget Commission; and. Members ot the General Assembly Gentlemen: In compliance with the provisions of G. S. 147-68, I submit herewith the report of the Treasurer of the State of North Caro-lina covering the fiscal years ended June 30, 1961 and Jnne 30, 1962. Metliod of Accouyiting In order to reflect accurately the monies paid into the treasury of the State and the payment of warrants presented to the State Treasurer, the cash receipts method of accounting is employed in recording the receipts, disbursements and cash balances reported herein. Such method of accounting differs from that used by the Director of the Budget only to the extent of deposits in transit in the case of revenues and other receipts and warrants drawn but not presented for payment in the case of disbursements, both items requiring adjustment at the beginning and at the end of each fiscal year for reconciling purposes. Operating Funds The normal financial transactions of our State government are recorded in three operating funds—-the General Fund, Highw^ay Fund and Agricidture Fund. Special funds are used for functions of State government set up for special purposes, each of w^hich is supported by segregated revenues or appropriations. By adjusting the receipts and disbursements recorded on the books of the State Treasurer so as to reflect the revenues and expenditures of the State on the same basis as reported by the Director of the Budget, the fiscal condition of the three operating funds may be summarized for the year ended June 30, 1962 as follows: 6 Report of State Treasurer Description General Highway Agriculture Fund Balancc-7/1/61 $ 74,356,054 $100,679,405 $ 153,135 Add: Receipts 374,837,139 190.691,887 2,942,594 Total Availability ..._ ._3449,193,193 8297.371,292 $3,095,729 Less: Expenditures - 368,835,234 191,445,825 2,942,044 Fund Baiance-6/30/62 ,S 80.357,959 S105.925,467 .S 153,685 During the year ended June 30, 1962, General Fund revenues exceeded expenditures by $6,001,905. Adding this amount to the credit balance brought forward from the previous year, the year-end condition of the General Fund reflected a balance of $80,357,959. Compared with legislative calculations, revenues exceeded estimates by $27,260,139 and expenditures were $17,021,505 less than the amount authorized by appropriations. The credit balance anticipated by the 1961 legislature as of June 30, 1962 was $36,076,315. Earnings of Fund Balances An active and systematic program of investing fund balances in excess of current requirements was begun in 1949 under legislation enacted by the General Assembly. Since that time, through the end of the fiscal year 1962, the earnings resulting under this program have amounted to $48,425,875. Prior to the fiscal year 1962 such earnings were paid into the General Fund, thus constituting a regular source of revenue in meeting the appropriation requirements of that fund. Beginning with the fiscal year 1962, pursuant to an amendment by the General As-sembly, earnings attributable to the investment of Highway Fund balances are paid into the Highway Fund. The amount and the distribution of the earnings for the two years covered by this report are reflected as follows: Fund Credited June 30, 1961 June 30, 1962 General Fund $6,906,906 $4,802,527 Highway Fund - 1,907,372 $6,906,906 $6,709,899 The law under which the funds of the State are invested pre-scribes the types of securities eligible so that the funds invested may be readily converted into money at such time as the need arises. Securities meeting the statutory requirements include: cer-tificates of deposit issued by banks within North Carolina; bonds, bills and certificates of indebtedness of the U. S. Government; and, bonds and notes of the State of North Carolina. Report of State Treasurer 7 Bonded Indebtedness The outstanding debt of the State as of June 30, 1962 was $238,901,000, a net reduction of |2 1,06 1,000 when compared with the amount outstanding as of June 30, 1960, the date of our last report. During the fiscal years 1961 and 1962 additional bonds amounting to $37,855,000 were issued, including $9,195,000 to fund a like amount of bond anticipation notes issued during the fiscal year 1960. Bond maturities amounted to $49,721,000. The bonds issued during this two-year period are as follows: New Bonds General Date Average Purpose of Issue Assembly Issued Interest Cost Amount Capital Improvements- Various Projects 1959 7-6-60 3.013% $ 9,195,000 Capital Improvements- Community Colleges __ -. 1959 7-6-60 3.013% 1,500,000 Capital Improvements- Mental Institutions 1959 2-8-61 2.860% 5,000,000 Capital Improvements- Educational Institutions -- 1959 2-8-61 2.860% 5,000.000 Capital Improvements- Educational Institutions -- 1959 8-1-61 2.976%, 8,891,000 Capital Improvements- Mental Institutions 1959 8-1-61 2.976% 2,053,000 Capital Improvements- Various Projects 1961 8-1-61 2.976% 6,216,000 Total _.. $37,855,000 Of the additional bonds issued $6,216,000 were authorized by the General Assembly of 1961, and $9,195,000 by the General Assembly of 1959, such amounts being within the debt limitation contained in the State Constitution and not requiring the ap-proval of the voters. The remaining bonds of $22,444,000 were a part of the $34,050,000 proposed by the General Assembly of 1959, and approved by the voters at an election on October 27, 1959. The debt limitation in the State Constitution, as a result of the 1935 amendment, provides that the State shall not contract a debt in any biennium and pledge its faith and credit to the pay-ment thereof for an amount in excess of two-thirds of the amount by which the outstanding debt of the State shall have been re-duced in the next preceding biennium, unless the subject is sub-mitted to and approved by the voters at an election. Applying this limitation to the biennium 1961-63 the scheduled bond maturities amount to $50,285,000, consisting of $21,225,000 Gen-eral Fund bonds, $7,510,000 Highway Fund bonds and $21,550,000 8 RppoRT OF State Treasurer Secondary Road bonds; however, the amount of bonds scheduled for retirement will be adjusted to reflect those bonds presented for payment during the biennium but which bonds matured in a prior period as well as those bonds maturing during the bien-nium but not presented for payment, so as to arrive at actual bond retirements for the biennium. Generally, the amount of this adjustment is not significant. A further adjustment is re-quired to reflect the amount of bonds issued during the biennium in the amount of $17,160,000. After giving consideration to these adjustments the outstanding debt will have been reduced during the biennium 1961-63 by approximately $33,125,000 so that the general Assembly of 1963 could authorize without the approval of the voters the issuance of additional bonds in the approximate amount to $22,000,000. The outstanding debt of the State as of June 30, 1962 may be summarized as follows: Fund Amount General Fund $144,917,000 Highway Fund 93,984,000 Gross Debt ^. $238,901,000 Less Sinking Funds- General Fund 121,977,000 Highway Fund 1,834,000 Secondary Road Bonds 92,150,000 115,961,000 Net Debt June 30, 1962 $122,940,000 In the referendum on November 7, 1961 the voters did not approve the capital improvement bonds, amounting to $61,665,000 as proposed by the General Assembly of 1961. The bonds in-cluded in the referendum consisted of: Capital Area Buildings $2,858,000; State Training Schools $1,110,000; State Educational Institutions $31,008,000; Community Colleges $1,483,000; Ar-chives and History and State Library Buildings $2,560,000; State Ports $13,500,000; State Mental Institutions $7,396,000; Hospi-tals $500,000; Natural Resources Conservation and Development $961,000; and Agriculture Research Stations $289,000. In addi-tion to the bonds submitted in the above referendum, under the applicable provisions of the Constitution, the General Assembly of 1961 authorized the issuance of bonds amounting to $6,216,000 for various capital improvement purposes including additional buildings at State supported colleges and hospitals, which bonds were issued on August 1, 1961. Bonds authorized and unissued as of June 30, 1962 amount to $500,000. These bonds, for new port facilities at Southport, were Report of State Treasurer 9 proposed by the General Assembly of 1959 and approved by the voters on October 27, 1959. The annual debt requirements resulting from scheduled bond retirements are reflected in Exhibit 7 of the statistical data for the year ended June 30, 1962. Briefly, the annual debt service requirements on the present outstanding debt of the General Fund will approximate $10,000,000 through the fiscal year 1975 and thereafter the requirements will decline sharply, so that the bonds of this fund will be fully retired in 1981. Outstanding bonds which were issued prior to 1949 amount to $23,811,000 and such bonds are fully provided for through sinking fimds. The bonds atuhorized in 1949 for secondary road purposes in the amount of $200,000,000 have been retired to the extent that as of June 30, 1962 the remaining outstanding balance is $92,150,000. These bonds are serviced by a one-cent gasoline tax levy pledged exclusively for this purpose. The additional levy has created a reserve fund balance, in excess of annual requirements, of $18,924,232 so that based upon the current rate of collection the secondary road bonds will be fully provided for during the fiscal year 1967 rather than in 1971 as originally anticipated. The trans-actions within the secondary road bond debt service fund during the fiscal year 1961 and 1962 are summarized as follows: Balance Receipts Disbursements Balance June 30, 1960 1961-1962 1961-1962 June 30, 1962 $11,862,607 531,637,625 524,576,000 518,924,232 Bonds in the amount of $80,100 maturing during the period from April 1, 1936 to June 30, 1962 have not been presented for payment by the holders of such bonds. Reference is made to Exhibit 8 of the statistical data for the year ended June 30, 1962. Since 1921, the State has issued bonds amounting to $562,723,000. Payments to date amount to $323,822,000, leaving the balance outstanding of $238,901,000, as reflected above. Of the amount issued $245,923,000 were for General Fund purposes and $316,800,000 for Highway Fund purposes including $200,- 000,000 for secondary roads. The bonds of the General Fund were for capital improvement purposes at the State's educational, mental and hospital institutions including $92,500,000 for public school plant construction—a supplement to the counties from the State level. Of the Highway Fund bonds $50,000,000 were issued in 1921, $66,800,000 during the years 1923 through 1931, and 200,000,000 during the years 1949-51. 10 Report of State Treasurer Modification of Office Procedures During the two years covered by this report, the operating pro-cedures and practices of the Treasurer's office were re-evaluated in an attempt to carry on existing functions with improved effi-ciency. As a consequence, we have been able to handle the sub-stantial increase in the work-load of our office, without a cor-responding increase in the total cost of operations. As Treasurer, I take pride in submitting this report which is another chapter in the fiscal life of our State and which reflects the integrity and the sound business principles that have been practiced in our State government for many years. Respectfully submitted, Cj0U\rvv\^ EDWIN G State Treasurer Report of State Treasurer of North Carolina Fiscal Year Ended June 30, 1961 12 Report of State Treasurer tf -< H >H CD Pi -3 gS H o 2^^ ;z; M pz H C/5 H CL, u p4 < Pi h Q 02 Pi c/:) HH c< h t3 H :i:£ ^ 09 ;z; Q C/2 & HH 1-5 nJ Q w O Pi W Q 12^ Z O < U H O CT> so C-~ O) O CSI^ ^__ GO r-^ r-^ r-^ <o oo Tf ^ Ol CM 05 oo 00 «D •* o SO oi in r^ «3 ^i 05_ so 05 r-^ ^^ in t-~ O 00 ^< 00 c^ oo" in so * OJ ^^ so ^H GO I>; o 0o0 dso CM in t— CM in 05 1-^ in in T— ( t^ %^ in in c^ in o^ in in ^ CM 05 00 00 C a; Set; (U PS 3 T3 -a I—5 c c ns C^ C^ d iJ <U pq c c x: O O in CM CO in d 00 d 00 d CD 05 in in CO d' 05 cc" CO — ' so" GO CM 05 CO 00 05 CO GO -- in —__ fC —T r^ -^ 00 CO Tt^ CM CO 00 00 c 06 in ^ ^ 05_ tr-^ in GO 00 co__ CM jn 00 CM <u o u o h § 6 \Z ^ -:;; 2"^ .2 aH'= '-' c 3 CL'— I iH 2 c ^ =^ .s o u c;5 00 O) 00 in ^ so CO T^l ^. d TtH' r^ t^ CTi t-^ r-^ in O) o_ so ^^ — ' &^ ^= Report of State Treasurer 13 CO CM 00 — r- to oo m CO !>• p CM IT) (d r-^ -r4^ «D -^ OJ CM CM C-; 00 CM oo" in oo in ^ 1-^ CM 00 <JO °1 CM oo in oo ^ Tf' CM oo OO C/5 ei oo CM 00 Z c/^ in :dZ oo" ti,< in CT5 e^ CM h OO C/3 hZ %^ u C/5 S h t-. « — M 2; CO Tt< in CD 00 Tt^" oi 1:3 o 00 in r-^ in oi in en "" pq 3 (O oo CM C/5 Q 29,7 11,9 72.1 m CM '— C/3 "2 T3 9-1 t/5 3C S^H a5 C C ij 3 3;.= fciH ta -Q ^ „ 3 HJ ^ii CD ,-^ o !0 CM p Tt^ ^ o 00 >n «2 — p in co" oo" F— r^ in in ^-* p CD r-H r^ CM t^ t-- C^l in in p p 00 CM CO iri CM in ^' r~ CO to c^ ^^ °° CM o p p CM oo" o" 1>^ tc —O ^ o Tf CM OO '^^ p_ r-^ in in Tt^" _r CM 00 CM <o oo -d n -a c 3 —, O 73 t^ ^ C u 3^ 3 c/0 I- 5 c ^•n,:| O O (55 ^ bCJ3 —.- <u ^X QO U'J^ o h c« in ^ CD p p in .r«< 00 CO CM .— 1 * O rr ^ to" 00 -^ in t^ p i>- i>- CD to" m" in m p— < p^ CM oo —>" —<" (yy (^ &^ ^ oo 3 tj JD C .22 ^ _ pq 5 J3 O pj h U 14 Report of State Treasurer O Q < 03 O Q Q ;?; c« H I— ( O Q Em < ;?; e< 00 CM vo 00 00 Tf l^4 m 00 CT> O CTi O -^ rri tr-- 00 Tt; 00 ^ ^ r-^ — ^ to ^ oi t^ t^ 00 to m ^- cj ^_ to o_ r-^ o_ 00 i>^ -^ r-^ <!0 —>" 00 to TT CM o<-> Cs( r^ ^ 00 cvj Oi C^J t^ TjH CM t-~ Tf Cl -^ t^^ 05 c^J CM — 1^ to OO CM CM CM t^ r-^ r-^ to o^ oo" ^^ oT to eo t^ 00 —H TjH 00 to CM CM CM r^ Tt<_ CM (J5 rt< 00 ITS o o^ t-^ H u Tf m !>. t^ on 00 CM s<l eo to * to 05 t^ CT) CM CM O) in CM to TJH^ rC CO 05 in o o o 00 Tj- p CM 00 OCJ^ t^ in r-^ m00 oCM 05 OO CM 00 ^H r-- o CM 05 — - |>1 CM to 00 o^ t^ in o to ^ 1-*^ oq_ oo_^ CM o i>r rt 00 so ^ to t^o CM Tl^ CM 00 CM h h h T) «-i c !h 3 <U b ^C O a 6< 3 2 > 3 <u 73 Pi ^ r, c ? :2 h h X bJD C-S X l-H " X c« QJ [-1 3 cu 1-^ J fe : ; : ^ .tJ : ^ pqU <U ID '^ u S -= rt n 5 t^ Qh tj . c . 9 o " l< UJ '*^ <u 3 > 3 3 Q T3 ^, ''3 aj -C tJOS 5j >H t/, •;; C c« ^ 03 Td T3 [-( ^ S ^ i: U oj u X 1 P3 1 H ^ f' o „, h J ^ tJ t^ qj w ^^ C - -T3 i^ 3 C fQ pq D o o - o o '3 <U "3 V <u <u i> Pi 3 qj ""H jj (J tj J/ tj u _*; W c/5 c/: P5 c/^ c/: W 3 3 3 3^ -3 T3 73 QJ <U qj (U tJ ^ £ j:= .2 (J tJ tJ *-< c/D c/: c/:i c/:) e^ Fh Report of State Treasurer 15 ^ O -^ O OO O in o «D «D O) o Tmt^ c£3 cvi o in o Tfi to OC o o CM 00 OO 00 05 -^ r- t^ ^ SO CM in ^ in to O—^oOoCcMOMO—rjo-r^^^oO CTJooeo-^'oo^ooin to-*'TtiCMr^inCT>i:^ <*"inso05Tf''—ooo -H mo CM o in o vo oo o o CTi in C/5 1^ u o X O !2 s ^ i3 i^ 3 -^ w O "^ r- S^. > c o; Qj O cr> .^ b> c . OJ u p oj 2 fe Tf- ;3h C c c o c/3 gj :s o ; i - 2 ^ 2 ii c-aC'S ^ 2 < ;= W Dh S " "* w £ w <u O T3 O ::: o « c h 3 o _ 3 OJ U oO OJ I X _ _ 1^ m 2 =« > _2 fc>c> o c c •- Is o 2 W c/5 = H c c O 'V Z O "re rt C O h h 16 Report of State Treasurer ABSTRACT OF GENERAL FUNDS SHOWING FOR THE FISCAL YEAR Appropriations General Government: General Assembly Supreme Court Justices Departmental Expense Printing Reports and Reprints Superior Court, Judges Superior Court, Solicitors Judicial Council Trial Expense Governor's Office Lieutenant Governor Department of Administration Department of Personnel Merit System Council Secretary of State State Auditor State Treasurer Local Government Commission Department of Justice Attorney General Bureau of Investigation General Statutes Commission Department of Revenue Administration _ Tax Research Department Tax Review Board — . State Board of Elections Commissions and Committees: To make a Study of Agricultural Loan Program for Grain Storage Facilities To Study Public School Education of Exceptionally Talented Children Advisory Committee on Aviation To Study Feasibility of Year-Round use of School Facilities To Study Teachers Merit Pay &: Implementation of Curriculum Studies Confederate Centennial Commission Carolina Charter Tercentenary Commission Advisory Committee to Study Teacher Evaluation Rating and Certification Reorganization of State Government Employment of the Physically Handicapped To Study Cause and Control of Cancer Presidential Electors $ 996,292.11 112,500.00 141,212.00 30,000.00 627,460.00 228,528.00 8,880.00 1,050.00 159,572.00 3,100.00 ,356,818.00 164,854.00 46,981.00 98,723.00 231,242.00 158,919.00 80,380.00 166,596.00 329,680.00 7,680.00 ,879,514.00 77,064.00 12,827.00 25,072.00 12,000.00 51,467.00 1,455.51 33,633.00 21,200.00 122,241.00 12,897.82 1,000.00 289.45 350.65 Report of State Treasurer 17 APPROPRIATIONS, RECEIPTS AND DISBURSEMENTS ENDING JUNE 30, 1961 Receipts Transfers To From Disbursements 2.28 67.60 325.93 1,017.35 486,438.65 665.00 39,054.66 104.33 389.06 6,504.99 6,109.38 41,568.56 5,431.51 511.20 227,912.66 288.00 1,650.00 159.00 15,615.09 18,786.16 39,448.00 879,508.54 113 139 31 618 228 3 1 157 2 1,887 164 81 80 232 181 85 ,513.33 ,930.26 ,906.20 ,305.58 ,129.75 ,508.99 ,050.00 ,037.05 ,846.92 ,811.06 ,344.21 ,570.97 ,601.98 ,226.98 969.94 515.55 200,297.47 321,012.15 8,010.75 4,095,876.62 74,573.26 4,240.48 25,261.88 12,537.90 56,486.43 455.21 884.59 5,570.29 33,920.75 18,894.92 122,241.00 13,424.27 833.15 704.63 350.65 18 Report of State Treasurer ABSTRACT OF GENERAL Appropriations Contingency and Emergency Employees Other than Public School Employees (Clearing Account Salary Adjustments of State Employees, Subject to Personnel Act (Clearing Account) Total General Government _ Public Safety and Regulation: The Adjutant General: Adjutant General's Office Amory Commission State Civil Air Patrol State Council of Civil Defense: State Council of Civil Defense Department of Motor Vehicles: Automobile Drivers Financial Responsibility Program Utilities Commission Insurance Department: Insurance Department State Property Fire Insurance __ Firemen's Relief Fund _ Building Code Council Department of Labor Industrial Commission State Board of Alcoholic Control Department of Agriculture—Gasoline and Oil Inspection Service Total Public Safety and Regulation 403.057.41 709,905.00 202,513.00db $ 10,111,927.95 Correction: Board of Correction and Training: General Administration Stonewall Jackson Training School State Home and Industrial School for Girls Morrison Training School Eastern Carolina Training School State Training School for Negro Girls Leonard Training School Juvenile Evaluation and Treatment Center Fugitives from Justice Total Correction 489,026.00 21,000.00 15,128.00 93,834.00 241,936.00 254,074.00 360,439.00 250,000.00 1,750.00 7,258.00 498,801.00 267,539.00 460,568.00 324,626.00 $ 3,285,979.00 51,623.00 421,797.00 277,339.00 419,972.00 210,995.00 205,522.00 235,687.00 50,000.00 6,000.00 1,878,935.00 Report of State Treasurer FUNDS—(Continued) 19 Receipts Transfers To From $ 520.88 $ $ $ . $ 818,721.04 $ 34,401.25 $ 39,448.00 $ 9,885,353.71 $ 81,201.71 1 $ $ 569,486.46 4,450.00 66,516.00 12,711.86 12,888.54 36,742.55 200,000.00 142,168.24 10,840.94 174.390.43 392,018.96 137,159.93 470,574.33 200,000.00 50,000.00 1,750.00 1,435.50 590.07 237,814.15 748,491.66 19,301.83 279,029.63 1,149.09 445,191.29 705.92 319,567.03 $ 670,497.10 $ 36,742.55 $ 400,000.00 $ 3,508,936.47 1 805.27 1 $ $ 52,156.81 58,915.35 456,558.45 ; ^ 29,101.99 298,863.72 • 44,437.54 464,138.73 .• . 29,341.35 242,816.80 21.736.66 221,564.37 22,442.72 257,595.64 50,000.00 1.00 4,549.40 $ 206,781.88 $ $ 50,000.00 $ 1,998,243.92 20 Report of State Treasurer abstract of general Appropriations Public Welfare: Department of Public Welfare - State Commission for the Blind Veterans Commission: Veterans Commission County Service Officers Confederate Women's Home — Oxford Orphanage Junior Order Orphanage Oxford Colored Orphanage Odd Fellow's Home Pythian Orphanage Alexander Schools, Inc. Total Public Welfare Education: Department of Public Instruction State Board of Education: Nine Months School Fund State Board of Education Public School Teachers Contingent Salary Supplement Vocational Education Purchase of Free Textbooks Vocational Textile School Purchase of School Buses Administration of State School Plant Construction, Improvement & Repair Fund Vocational Rehabilitation Vocational Education— Industrial Education Center Instruction and Training for Trainable Mentally Handicapped Children National Defense Education Program Program of Education by Television State Board of Higher Education University of North Carolina (Consolidated) General Administration Long Range Planning University of North Carolina University of North Carolina Research Computation Center Division of Health Affairs State College of Agriculture and Engineering The Woman's College East Carolina College 9,032,059.41 987,985.00 334,388.00 90,000.00 58,195.00 52,250.00 55,000.00 86,000.00 11,000.00 11,000.00 22,000.00 $ 10,739,877.41 $ 551,650.00 164, 428,936.00 288,118.00 ,885,867.00 ,301,522.^0 81,460.00 ,639,690.00 84,179.00 767,900.00 287,627.00 50,404.00 50,000.00 69,339.00 141,427.00 25,160.00 ,554,563.35 76,075.00 ,627,008.00 ,482,684.81 ,931,640.00 ,937,450.50 Report of State Treasurer FUNDS—(Continued) 21 Receipts Transfers To From $ 1,605.44 $ 48,555,548.22 3,723,784.05 $ $ 57,759,424.80 182,368.09 4,904,747.06 464.38 327,067.99 99,537.10 5,424.94 56,937.02 52,250.00 55,000.00 86,000.00 11,000.00 11,000 00 22,000.00 $ 189,862.85 $ 52,279,332.27 5 $ 63,384,963.97 ? 98,108.95 $ 612,460.15 3,204,827.94 3,890.25 $ 6,816,590.00 172,121,959.51 279,746.20 7,055,920.00 9,700.95 2,708,733.72 7,732,286.24 334,940.95 2,725,320.70 26,328.36 97,022.13 849,722.68 208,696.54 208,696.54 3,310,142.11 81,873.82 132,195.66 1,898,772.55 2,796,142.11 48,909.32 275,646.96 31,752.52 50,000.00 99.00 62,196.43 43,825.68 173,808.05 986.83 28,777.64 8,270,698.29 14,117,099.23 328,619.14 407,601.88 3,174,285.61 5,813,553.47 5,845,109.97 11,027,817.62 2,524,237.36 4,231,814.94 2,474,250.93 4,358,719.24 22 Report of State Treasurer abstract of general Appropriations The Agricultural and Technical College _ Western Carolina College Appalachian State Teachers College Pembroke State College Winston-Salem Teachers' College Elizabeth City State Teachers College Fayetteville State Teachers College North Carolina College at Durham North Carolina School for the Deaf North Carolina School for the Blind & Deaf Student Loan Funds: State Board of Education—Teachers Education - North Carolina Educational Radio and Television Commission: University of North Carolina—General Administration WUNC-TV University of North Carolina—Station WUNC-TV State College-Station WUNC-TV The Woman's College-Station WUNC-TV Department of Archives and History State Library: State Library State Aid to Public Libraries State Art Society N. C. Symphony Society, Inc. Roanoke Island Historical Association Moore's Creek Battleground Association Southern Appalachian Historical Association Department of Administration Commun i ty Col 1 eges Reserve for Higher Education Examination Program .. 1,434, 712, 1,013, 227, 461, 447, 373, 1,182, 884, 816, 212.57 480.33 719.40 497.00 516.00 675.00 116.00 963.50 736.00 615.00 435,000.00 58,968.00 55,755.00 55,004.00 35,462.00 426,822.00 122,035.00 457,562.00 151,349.00 30,000.00 10,000.00 500.00 10,000.00 236,631.00 32,715.00 Total Education $203,935,034.46 Non-Highway Transportation: State Ports Authority Atlantic and North Carolina Railroad Total Non-Highway Transportation •Health and Hospitals: State Board of Health Medical Care Commission: Medical Care Commission Indigent Care University of North Carolina Memorial Hospital—Psychiatric Center Memorial Hospital $ 182,808.00 182,808.00 $ 3,037,413.00 89,736.00 279,847.59 552,751.00 1,485,729.00 Report of State Treasurer FUNDS—(Continued) 23 Receipts Transfers To From 1 2,210,408.49 $ 1 . $ 3,629,497.64 1,288,267.89 1,945,811.01 1,785,974.23 2,797,462.36 126,864.43 354,149.55 523,116.24 901,920.41 365,081.88 813,260.12 390,510.81 789,319.12 1,495,520.29 2,573,751.81 68,292.22 886,945.85 86,388.10 895,636.84 435,000.00 10,425.08 69,947.13 12,225.07 72,131.53 369.00 49,673.86 30,333.36 21,681.85 13,978.49 446,424.23 4,541.58 129,614.15 19.53 458,286.37 2,818.32 148,940.01 34,712.00 10,000.00 500.00 10,000.00 172,532.76 32,785.00 $ 35,714,333.56 5 11,632,792.81 $ 7,278,595.03 $ 248,073,285.38 $ 511,34 $ ..._. .._ $ $ 177,913.71 19,000.00 1 19,511.34 $ $ $ 177,913.71 1 290,350.14 $ 2,612,529.91 $ . $ 5,880,276.90 411.75 88,870.39 901.41 282,697.50 481,339.33 959,027.41 2,805,754.71 4,468,513.91 24 Report of State Treasurer abstract of general Appropriations Hospital Board of Controls General Administration - Alcoholic Rehabilitation Dorothea Dix Hospital Broughton Hospital Cherry Hospital O'Berry Hospital „ John Umstead Hospital Murdoch School Caswell School North Carolina Orthopedic Hospital .... North Carolina Cerebral Palsy Hospital North Carolina Sanatoria System General Administration North Carolina Sanatorium Western North Carolina Sanatorium . Eastern North Carolina Sanatorium ... Gravely Sanatorium ____ North Carolina Cancer Institute Total Health and Hospitals Natural Resources and Recreation: Department of Conservation and Development Department of Conservation and Development Division of Commercial Fisheries Division of Commercial Fisheries—Shellfish Division State Planning Program .___ Kerr Reservoir Development Commission— Nutbush Conservation Area Research Triangle Department of Water Resources Commercial Fisheries Advisory Board Atlantic States Marine Fisheries Commission North Carolina National Park, Parkway and Forest Dev. University of North Carolina—Institute of Fisheries Research State College—Industrial Experimental Program Rural Electrification Authority North Carolina Recreation Commission Bennett Memorial Confederate Museum Confederate Cemetery N. C. Battleship Commission Department of Archives and History— Tryon Palace Commission Total Natural Resources and Recreation 218,410.00 204,719.00 ,859,775.00 783,343.00 ,014,812.00 ,001,782.00 ,991,111.00 ,595,597.00 ,387,287.00 479,078.00 206,894.00 41,125.00 ,266,627.00 ,125,238.00 ,371,779.00 480,873.00 26,000.00 $ 29,499,926.59 $ 2,482,433.00 138,597.00 108,058.00 39,887.00 26,074.00 100,000.00 615,346.00 2,000.00 1,500.00 8,711.00 84,563.00 96,293.00 67,935.00 68,875.00 50.00 200.00 350.00 15,000.00 70,363.00 $ 3,926,235.00 Report of State Treasurer FUNDS—(Continued) 25 Receipts Transfers To From $ 582.15 3 § 5 213,717.76 48,463.19 211,710.56 826,225.30 4,560,864.78 668,154.99 4,334,449.35 530,399.29 3,490,562.82 34,602.28 908,095.62 971,435.20 3,985,871.31 188,874.67 1,661,646.36 469,932,85 2,613,717.67 47,917.51 513,856.09 19,859.12 209,908.42 40,197.49 295.311.54 1,530,593.03 182.278.00 1,205,713.14 192,386.14 1,493,516.00 43,000.89 540,518.12 26.000.00 $ 8,098,180.46 $ 2,612,529.91 $ $ 39,220,324.63 $ 1,587,908.21 $ $ : $ 4,090,382.95 107,988.83 243,798.09 358.95 98,165.10 13,977.49 51,428.74 175.00 26,998.53 100,000.00 14,490.16 79,803.18 $ 638,323.04 1,445.46 1,500.00 58.25 6,976.28 23,044.62 105,328.73 55.00 94,525.92 3.00 61,389.81 70,174.70 50.00 400.00 700.00 3,841.20 47,169.96 131,258.33 1 1,795,229.47 $ 79,803.87 $ $ 5,726,686.88 26 Report of State Treasurer abstract of general Appropriations Agriculture: Department of Agriculture- Contributions from General Fund _ — . Agricultural Experiment Station—State College — Cooperative Agricultural Extension—State College State Soil Conservation Committee Total Agriculture Retirement and Pensions: Teachers' & State Employees' Retirement System Administration State Contributions - Teachers' & State Employees' Who Had Attained Age 65 at August 1, 1959 Law Enforcement Officers' Benefit 8c Retirement- Contributions from General Fund North Carolina Firemen's Pension Fund Pensions—Confederate Widows — Pensions—Widows of Governors TOTAL Retirement and Pensions Debt Service: Interest on Bonds Redemption of Bonds Expense of Bond Sales Interest on Bond Anticipation Notes Interest on Tax Anticipation Notes Landscrip Fund Total Debt Service Total General Fund L435,523.50 2,044.194.00 2,659,481.00 30,550.00 $ 6,169,748.50 291,068.00 15,614,261.00 250,000.00 12,128.00 253,712.00 112,668.00 18,000.00 $ 16,551,837.00 3,181,390.00 6,549,000.00 15,786.16 198,268.00 150,000.00 7,500.00 $ 10,101,944.16 4296,384,253.07 Report of State Treasurer FUNDS—(Continued) 27 Receipts Transfers To From $ 1 $ $ 1,275,552.84 254,454.88 2,246,708.79 2,626,770.88 4,534,881.17 121,835.80 5,369,395.34 33,494.36 $ 376,290.68 § 4,873,479.67 $ $ 11,213,323.71 $ 2,147.43 $ 42,551.00 $ $ 298,412.93 15,614,261.00 240,497.11 897.99 10,765.65 470,000.00 12,292.81 104,041.00 11,500.00 $ 2,147.43 $ 43,448.99 $ 16,095,026.65 $ 666,743.85 $.. . $ $ 2,528,726.29 6,546,000.00 15,786.16 $ - - - 198,267.69 7,500.00 $.. $ $ 9,090,512.45 $ 205,767.69 1 47,891,555.81 $ 71,592,530.63 5 32,953,582.13 $ 384,061,543.92 28 Report of State Treasurer SPECIAL Cash Balance July 1, 1960 General Government: Department of Administration—State Surplus Commodities & Public Printing & Cooperative Supplies Department of Administration—Federal Surplus Property Department of Administration—Central Motor Pool Local Government Commission—Law Publications Revolving Fund Tort Claims Liabilities, General Fund Total General Government Public Safety and Regulation: Highway Fund Accounts Department of Motor Vehicles Drivers License Examination—Special Fund Safety Responsibility Depository Account _ Dealers—Manufacturers License Fund Bus Regulation Depository Account Gasoline and Oil Inspection Fund Commissioner of Banks Burial Association Commission State Board of Barber Examiners State Board of Cosmetic Art State Board of Opticians Professional Engineers and Land Surveyors .. Insurance Department State Property Fire Insurance Fund Workmen's Compensation Security Fund Mutual Account Stock Account Publications Fund Firemen's Relief Fund N. C. Firemen's Pension Fund State Council of Civil Defense Hurricane Disaster Relief—Federal Contribution to Local Units—Federal N. C. Civil Defense—Fallout Shelter Survey . Industrial Commission—Second Injury Fund - Land Titles, Assurance of __ Total Public Safety and Regulation Correction: N. C. Prison Department—Mental Health Project Central Services Revolving Fund—Prison Department Prison Enterprises Revolving Fund—Prison Department Total Correction 117,010.42 112,351.74 109,203.39 845,65 3.32 339,414.52 166,945.69 11,413.97 145,244.92 45,879.17 418,883.60 27,051.55 46,899.69 106,300.72 9,848.81 98.10 115,452.37 15,641.52 16,330.98 14,320.18 52,137.83 4,560.00 50,989.38 51,456.28 2,564.12 1,302,018.88 4,951.42 256,973.51 1,058,703.74 1,320,628.67 Report of State Treasurer 29 FUNDS Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1961 $ $ 296,368.52 459,510.14 $ $ 15,615.09 $ 268,216.43 461,247.68 672,185.49 $ 129,547.42 110,614.20 677,203.53 114,221.43 129.00 974.65 3.32 $ 1,433,211.19 s $ 15,615.09 $ 1,401,649.60 $ 355,361.02 $ 1,487,108.99 $. $ 1,309,712.82 $ 64,267.85 13,434.00 5,753.50 2,417.74 $ 280,074.01 14,173.00 12,152.97 76,869.00 70,000.00 146,360.42 3,900.00 47,361.43 5,157,208.71 5,157,208.71 266,638.98 243,825.94 59,171.53 58,021.20 68,185.41 1,103.99 441,696.64 57,457.19 25,337.21 57,430.03 46,308.52 93,416.50 131,531.81 2,195.40 10,940.22 98.10 407,666.43 200,000.00 644,069.87 13,729.09 13,729.10 7,337.00 158,951.02 4,105.00 606,551.46 36,281.34 20,173.43 20,649.29 79,048.93 7,900.00 9,812.43 8,975.00 11,576.88 7,847.50 14,830.68 151,641.64 44,828.45 455.00 1,085,193.46 529,631.38 113,000.00 22,400.00 36,742.55 39,976.11 2,226.57 19,794.99 50,601.98 416.09 2,980.21 $ 9,041,232.91 $ 200,000.00 $ 6,573,664.08 $ 2,041,757.76 $ 1,927,829.95 $ 10,382.75 $ $ 1 9,004.65 4,980,757.39 6,921,806.30 $ 6,329.52 5,088,085.28 364,301.40 6,589,936.98 726,834.42 $ 11,688,405.01 $ .. $ $ 11,911,568.34 $ 1,097,465.34 30 Report of State Treasurer SPECIAL FUNDS Cash Balance July 1, 1960 Public Welfare: Department of Public Welfare Old Age Assistance Aid to Dependent Children ., Aid to Permanently and Totally Disabled Hospitalization of Assistance Recipients Child Welfare—Services—Federal Disability Determinations—Federal Homemaker Service to the Aged State Commission for the Blind Blind Aid—Federal Blind Aid—Administration—Federal Blind Aid—County Vocational Rehabilitation—Federal Confederate Women's Home—Trust Fund Account Total Public Welfare Education: State Board of Education Administration of School Plant Construction, Improvement and Repair Fund State Literary Fund Department of Education—Special Fund State Textbook Commission State Board of Commercial Education Community School Lunchroom Program Veterans Training Program Public School Insurance Fund Vocational Education—Federal Funds Vocational Textile School—Federal Funds Better Roads and Schools Student Loan Fund—Teachers Education Student Loan Fund—Rodman Trust Fund Resource—Use Education Commission Health Education—Rockefeller Foundation N. C. Stonewall Jackson Memorial Fund National Defense Education Program N. C. Drivers Training & Safety Education Fund Medical Care Commission—Student Loan Fund University of North Carolina General Administration—Overhead Receipts University Enterprises University of N. C—Overhead Receipts Escheat Refund Account State College of Agriculture and Engineering Self-Liquidating Dormitories Fund Overhead Receipts Operation of Coliseum 1,712,938.04 1,899,616.29 801,674.42 813,982.39 66,404.18 23,959.62 12,250.43 278,322.22 24,798.53 16,373.77 54,731.60 774.78 5,705,826.27 1 522 161 1,211 8 1,026 202 421 478 9 76 31 1 1 2,552 2,538 364 ,512.50 513.10 395.83 550.97 949.80 341.23 960.22 931.30 315.32 882.75 450.00 020.69 839.18 080.18 449.80 865.21 713.06 822.21 922.52 1,119,766.74 35.65 85,319.98 8,066.20 Report of State Treasurer 31 —(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1961 $ 19,892,034.15 S - „. $ 19,864,615.28 21,463,382.49 9,070,136.89 $ 3,751.26 3,743.26 3,772.62 2,722,588.56 530,354.05 532,174.17 14,574.75 $ 1,736,605.65 21,337,561.20 1,770,051.74 9,068,537.87 796,302.78 775,765.50 529,539.58 1,852,054.90 719,214.23 65,589.71 541,718.40 14,329.99 307.81 2,693,052.25 56,418.68 536,786.64 540,871.70 19,173.86 321.17 2,458,324.27 5,169.34 2,858.38 43,594.24 2,065.84 49,523.96 19,969.65 537,046.11 16,633.24 521,841.71 35,701.61 774.78 $ 55,664,755.80 1 1,906,748.20 $ 54,239,901.73 $ 3,810,958.67 $ 5,226,469.87 $ $ $ $ $ 1,512.50 1,053,756.19 1,020,155.00 243,487.96 1,880,259.31 2,774.32 5,102,816.79 226,923.04 967,026.93 58,758.68 21,174.15 556,114.29 164,286.17 82,194.04 1,829,258.84 1,160,550.50 2,465.00 8,640.48 5,224,655.96 1,148,180.40 148,135.28 124,172.46 1,111,129.43 566,033.80 4,117,763.62 11,302.33 4,368,176.27 169,143.99 10.93 300.00 750.00 458,718.72 356,529.56 195.00 1,960.72 55.35 178,209.85 1,719.95 33,364.13 1,270.50 389.96 394.45 775,00 2,640.21 1,413,416.95 2,908,131.08 1,402,657.64 130,953.51 1,500.00 4,769,990.28 416,000.00 4.37 129,182.13 130,213.09 135,646.58 1,057,998.93 1,749,431.50 2,885,596.07 49,536.29 283,505.30 33,624.45 32,124.45 4,747,018.67 1,096,795.13 400,751.14 15,248.26db 4.37 35.65 67,006.02 23,144.47 400,122.67 269,909.58 134,803.16 7.222.78 32 Report of State Treasurer SPECIAL FUNDS Cash Balance July 1, 1960 The Woman's College Overhead Receipts East Carolina College—Camp Lejeune Branch Agricultural and Technical College—Overhead Receipts State Art Society—Special Gifts Account State Library—Federal Funds State Library—Library Community Project N. C. Library Commission—American Heritage Project „_ Total Education 10,697.89 44,529.21 3,194.06 8.50 10,885,134.10 Highway Funds: Automobile License Tax Gasoline Tax Bus and Franchise Tax Miscellaneous and Federal Aid Highway Fund Gasoline Tax, Debt—Service—Secondary Road Fund Total Highway Funds 68,272,352.08 11,862,606.57 80,134,958.65 Health and Hospitals: State Board of Health Federal Funds Bedding Fund Medical Care Commission Hospital Construction—Federal Hospital Survey—Federal Hospital Board of Control Mental Health Fund 396,117.07 31,749.56 72,357.51 2,702.48 100.00 Alcoholic Rehabilitation Program—Research in Alcoholism Ruth Bond Bizzell Fund for Treatment of TB at McCain, N. C. State Board of Health—Cancer Control Total Health and Hospitals 10,362.77 61.00 Natural Resources and Recreation: Department of Conservation and Development Kerr Reservoir Development Commission Soil Bank Program—Federal Funds State Planning Program—Community Planning Water Shed Project Wildlife Resources Commission Motor Boat Fund Department of Water Resources—Federal Aid Research in Economics of Fisheries Industry (University of North Carolina) Tennessee Valley Authority Forest Reserve Fund Federal 75% Receipts from Flood Control Lands Total Resources and Recreation 513,450.39 1,270.71 60,894.03 33,264.77 4,836.54 452,714.03 90,368.30 2,733.18 4,641.81 20,767.73 671,491.10 Report of State Treasurer 33 —(Continued) Cash Receipts Transfers Disbursements Cash Balance To From June 30, 1961 2,172.00 6,826.00 1.990.31 10,836.06 488,522.35 1,091.26 2,172.00 801.67 6,024.33 1,990.31 9,099.59 430,316.05 3,635.70 12,434.36 102,735.51 649.62 8.50 $ 23,632,691.39 $-- $ 4,368,176.27 $ 20,350,248.50 $ 9,799,400.72 $ 31,361,864.65 93,298,090.13 5,246,125.72 53,979,907.31 $ $ 1 •ff 1,570,000.00 $ 183,885,987.81 15,531,211.65 $ 1,570,000.00 12,259,250.00 $185,102,876.52 $ 68,625,463.37 15,134,568.22 $ 199,417,199.46 $ 1,570,000.00 $ 12,259,250.00 $185,102,876.52 $ 83,760,031.59 $ 2,653,483.89 34,587.58 9,288,003.06 $ $ 2,577,737.96 34,791.95 $ $ 471,863.00 31,545.19 9,185,138.38 175,222.19 2,702.48 8,925.00 7,376.00 8,843.57 754.76 181.43 6,621.24 10,362.77 61.00 $ 11,992,375.53 $ $ 2,612,529.91 $ 9,194,736.71 $ 698.559.30 $ 3,231.94 13,315.00 73,580.63 21,082.82 2,707,684.24 126,658.98 77,070.00 $ $ $ 2,917.33 19,290.91 99,750.50 20,034.33 2,542,567.46 101,093.48 $ 1,585.32 54,918.12 7,094.90 5,885.03 617,830.81 115,933.80 79,808.18 4,641.81 106,567.22 227,574.84 3,169.19 110,707.83 227,574.84 3,169.19 16,627.12 $ 3,359,934.86 t $ 79,803.18 $ 3,127,105.87 $ 824,516.91 _ ' 34 Report of State Treasurer SPECIAL FUNDS Cash Balance July 1, 1960 Agriculture: Department of Agriculture N. C. Milk. Commission State Warehouse System—Supervision State Warehouse System—Principal Fund Cooperative Inspection Service - Egg Inspection Service Structural Pest Control Voluntary Poultry Inspection Credit Union Supervision State Fair Surplus Commodities, Revolving Fund Sheep Distribution Project Emergency Hay Program—Federal Funds Research and Marketing—Federal Funds Special Depository Account Voluntary Meat Inspection Agricultural Experiment Station—State College Agricultural Experiment Station—Federal Funds . Agricultural Experiment Station—Gift Account Cooperative Agricultural Extension—State College Smith-Lever—Federal Funds Total Agriculture Employment Security Commission: Administration Account Special Unemployment Compensation—Administration Fund Claims and Benefit Account Clearing Account Unemployment Compensation—Federal Programs Benefit Account Unemployment Compensation—Temporarily Extended Benefit Account Total Employment Security Commission Retirement and Pensions: Teachers' & State Employees' Retirement System Teachers' 8c State Employees' Retirement System—Retirement Fund Local Governmental Employees' Retirement System Social Security Program Law Enforcement Officers' Benefit and Retirement Fund Spanish American War Veterans N. C. Firemen's Pension Fund Total Retirement and Pensions 113, 97, 16, 16, 247, 15, 14, 2, 23, 93, 96, 51, 26, 8, 13, 153, 311, 513.27 054.47 017.50 367.22 094.69 250.68 993.17 161.70 188.09 475.80 855.03 553.82 31.70 372.70 000.00 362.07 169.84 121.26 14,700.15 1,314,283.16 284,191.52 230,555.59 357,477.31 27,414.33 153,528.00 1,053,166.75 252,152.47 176,065.00 1,288,120.76 93,416.93 5,211.01 170,745.00 1,985,711.17 Report of State Treasurer 35 —(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1961 $ 2,758,163.31 103,667.60 $ $_ $ 2,801,584.42 103,975.96 54,632.97 48,659.73 428,275.30 24,751.69 14,191.99 $ 70,092.16 96,746.11 48,989.94 10,374.47 50,057.74 17,765.23 438,148.76 256,968.15 23,472.55 13,971.54 17,435.00 18,236.18 2,161.70 53,176.52 47,311.77 347,521.63 28,076.99 41,414.09 29,052.84 392,772.94 138,727.11 15,366.85 84,144.89 34,844.90 44,984.63 31.70 58,900.00 66,638.66 3,500.00 83,870.43 18,634.04 500.00 5,000.00 85,066.37 14,558.01 1,166,138.00 1,307,655.51 939,053.28 2,626,770.88 11,652.33 969,161.47 341,229.45 2,778,427.88 166,357.15 $ 8,994,289.83 $ $ 4,873,479.67 $ 4,094,405.63 $ 1,340,687.69 $ 6,245,668.49 $ $ $ 5,998,141.08 903.50 45,950,575.41 37,509,704.42 2,713,515.50 2,462,064.00 $ 531,718.93 63,069.54 292,721.63 46,181,645.45 588,547.35 37,508,634.38 26,344.29 3,025,511.00 465,523.50 5,395,859.00 2,933,795.00 $ 98,420,387.86 $„.. $ ..._ $ 94,634,903.91 $ 4,838,650.70 1 68,514,239.84 9,670,752.74 $ 15,614,261.00 $ 6,709,065.77 42,551.00 $ 77,527,578.86 9,659,449.28 23,887,067.93 2,748,121.01 1,000.00 9,510.00 $ 144,008.68 144,817.46 17,889,154.78 6,709,065.77 10,765.65 1,999,273.38 2,802,806.33 897.99 157,969.91 4,211.01 162,895.00 470,000.00 794,130.00 $ 99,039,848.69 $ 22,804,092.42 $ 6,752,514.76 $113,832,727.08 1 3,244,410.44 36 Report of State Treasurer SPECIAL FUNDS Cash Balance July 1, 1960 Debt Service: Bond Redemption: Highway Fund Bond Redemption General Fund Bond Redemption TVA—Swain County Bond Redemption Bond Interest: Highway and General Fund Bond Interest Highway Fund Interest—Old Accounts -— General Fund—Interest—Old Accounts Jones County—Bond Interest Debt Service Reserve: Debt Service Reserve—Appalachian State Teachers College Debt Service Reserve—Western Carolina College Total Debt Service Total Special Funds 4,528,000.00 582,600.00 119.04 1,717,434.33 91,621.30 47,813.26 18.76 15,255.73 126,185.60 $ 7,109,048.02 $112,335,131.68 Report of State Treasurer 37 —(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1961 $ $ 17,000,000.00 9,968,000.00 1 $ 12,449,000.00 6,576,500.00 $ 9,079,000.00 3,974,100.00 119.04 6,197,737.50 6,304,252.34 1,610,919.49 91,621.30 47,813.26 18.76 12,989.00 28,244.73 68,577.03 18,513.33 176,249.30 $ 81,566.03 $ 33,165,737.50 $ _.. $ 25,348,265.67 $ 15,008,085.88 1 522,765,898.56 $ 59,646,578.12 $ 91,774,934.69 1474,851,204.26 $128,121,469.41 38 Report of State Treasurer CAPITAL Cash Balance July 1, I960 State Board of Education Industrial Education Center Equipment Laws 1959-Bond (Voted) N. C. Vocational Textile School Laws 1959-Bond (Voted) University of North Carolina Laws 1 943 Laws 1 947 Laws 1 949 Laws 1 953-Bond Laws 1 957 -- Laws 1 957-Bond Laws 1 959 Laws 1959—Division of Health Affairs Laws 1959-Bond (Voted) Laws 1959—Bond (Voted)—Division of Health Affairs State College of A & E Laws 1 947 Laws 1 949 Laws 1949—Agricultural Experiment Station Laws 1 953 Laws 1953—Agricultural Experiment Station Laws 1 953-Bond Laws 1957 Laws 1957—Revolving Fund Laws 1957—Agricultural Experiment Station Laws 1 957-Bond Laws 1959-Special Bills Laws 1959 Laws 1 959—Agricultural Experiment Station Laws 1959-Bond (Voted) Laws 1959—Bond (Voted) Agricultural Experiment Station Woman's College of the University of N. C. Laws 1957 Laws 1 957-Bond Laws 1959 Laws 1959-Bond (Voted) Elizabeth City State Teachers College Laws 1957 .- Laws 1959 Laws 1959-Bond (Voted) Fayetteville State Teachers College Laws 1 953-Bond Laws 1957 Laws 1959 1,483,000.62 46,634.50 36,586.62 141,980.57 474.74 4,113.53 122,759.31 129,547.34 100,520.15 205,165.21 4,239,088.48 1,034,219.64 2,984.53 3,434.52 104.84 1,365.24 989.16 4,386.43 1,144,997.93 95,591.00 83,119.48 1,822,830.65 24,901.00 1,038,003.65 83,363.40 3,799,000.00 85,000.00 237,599.76 133,375.81 232,263.54 517,625.00 4,302.73 213,011.99 71,000.00 59.47 46.25 97,744.81 Report of State Treasurer 39 IMPROVEMENT FUNDS Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1961 $ 34.78 146.90 1 $ i; 447,228.77 46,759.51 36,586.62 82,093.74 474.74 4,587.68 106,287.97 103,631.20 154,007.41 707,005.37 1,162,373.58 412,725.03 $ 1,035,806.63 21.89 27,000.00 86,886.83 44,803.64 44,329.49 36.15 16,507.49 17.10 25,933.24 147,066.44 93,579.18 587,933.40 86,093.24 364.52 3,077,079.42 258,238.00 879,732.61 2,984.53 3,434.52 104.84 1,365.24 989.16 2,023.25 659,130.83 2,363.18 52,142.90 538,010.00 95,591.00 80,175.99 1,318,713.77 12,129.38 820,663.77 53,820.86 147,359.51 22,029.12 95,275.49 96,581.80 102,934.14 201,556.60 2,943.49 504,116.88 1,100.00 13,871.62 151,874.16 369,214.04 1,080.96 30,623.50 3,651,640.49 16,000.00 78,970.88 142,324.27 6,297.54 43,091.55 180,000.00 309,329.40 45,379.32 361,447.72 4,302.73 11,157.22 44,218.05 59.47 46.25 89,884.39 201,854.77 26,781.95 355.72 8,216.14 40 Report of State Treasurer capital improvement Cash Balance July 1, 1960 Western Carolina College Laws 1947 Laws 1953-Bond Laws 1957 Laws 1957-Bond Laws 1959 Laws 1959-Bond (Voted) ...- East Carolina College Laws 1953 Laws 1957 Laws 1957-Bond Laws 1959 Laws 1959-Bond (Voted) Winston-Salem Teachers College Laws 1947 Laws 1949 Laws 1953 Laws 1953-Bond Laws 1957 Laws 1959 Laws 1959-Bond (Voted) Appalachian State Teachers College Laws 1947 .-- Laws 1949 Laws 1953 Laws 1953-Bond Laws 1957 Laws 1957-Bond Laws 1959 Laws 1959-Bond (Voted) Pembroke State College Laws 1947 Laws 1949 Laws 1953 Laws 1957 Laws 1959 Laws 1959-Bond (Voted) Agricultural and Technical College Laws 1949 Laws 1957 - Laws 1959 Laws 1959-Bond (Voted) N. C. College at Durham Laws 1953-Bond Laws 1957 Laws 1959 9,885.57 422.85 50,245.04 2,015.32 86,177.51 ,400,489.69 153.79 151,542.97 61,732.29 109,716.15 ,538,405.00 48,301.02 19,639.45 33,000.00 12,971.51 128,361.58 185,500.00 150,000.00 4,110.88 11,405.93 20,336.86 8,173.63 306,190.89 617,241.87 128,982.29 ,571,750.00 33.40 856.04 215.04 213.65 6,857.50 243,765.00 43,384.69 150,008.11 111,726.41 973,312.50 290.80 1.955.56 136,412.41 Report of State Treasurer 41 FUNDS—(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1961 s § $.... § 2,092.63 263.87 46,520.72 3 7,792.94 158.98 3,724.32 2,015.32 12,270.83 453,714.63 73,906.68 29,022.07 975,797.13 153.79 133,261.89 55,956.43 118,996.93 364,933.68 18,281.08 5,775.86 13,021.56 3,740.78 10,921.81 1,184,393.13 48,301.02 19,639.45 33,000.00 12,971.51 128,361.58 32,326.49 153,173.51 150,000.00 4,110.88 483.90 10,922.03 20,336.86 8,173.63 16,833.03 92,435.77 130,472.63 44,509.99 127,525.41 230,588.15 486,769.24 60,000.00 144,472.30 1,444,224.59 33.40 856.04 215.04 213.65 6,857.50 238,008.57 27,372.97 140,177.23 30,277.78 142,177.06 290.80 5,756.43 16,011.72 78.00 9,908.88 7,225.00 88,673.63 5,360.00 836,495.44 1,955.56 47,162.32 133,084.87 50,489.86 42 Report of State Treasurer capital improvement Cash Balance July 1, 1960 State School for the Blind and Deaf Laws 1 957 -- Laws 1959 Laws 1959-Bond (Voted) N. C. School for the Deaf Laws 1 957 Laws 1 957-Bond Laws 1 959 Dorothea Dix Hospital Laws 1 947 Laws 1 953-Bond - Laws 1 957 Laws 1 959 Laws 1959-Bond (Voted) Broughton Hospital Laws 1 947 Laws 1 949 Laws 1 953-Bond Laws 1 957 -. Laws 1 957-Bond Laws 1 959 Laws 1959-Bond (Voted) Cherry Hospital Laws 1 953-Bond Laws 1 957 Laws 1 957-Bond Laws 1 959 Laws 1959-Bond (Voted) Acquisition and Development of Camp Butner Laws 1 947 John Umstead Hospital Laws 1 953-Bond Laws 1 957 Laws 1 957-Bond Laws 1959-Bond (Voted) Caswell School Laws 1 953-Bond .:: Laws 1 957 Laws 1 959 Laws 1959-Bond (Voted) Murdoch School Laws 1 953-Bond Laws 1 957 Laws 1959-Bond (Voted) Western Carolina Training School Laws 1959-Bond (Voted) 30,202.26 60,059.73 176,737.25 14,812.22 1,224.47 187,004.00 26,517.08 50,906.94 1,028,960.43 33,000.00 200,000.00 4,611.98 1,279.84 4,078.27 81,547.20 62,936.91 431,961.24 84,000.00 142,220.76 126,931.75 573,900.00 71,793.64 2,445,120.35 118,867.96 58,528.02 207,544.30 154,608.27 1,782,521.48 8,500.00 110,849.25 231,545.98 275,000.00 6,160.16 57,071.72 1,252,596.29 4,499,872.00 Report of State Treasurer 43 FUNDS—(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1961 $ $ $ $ 3,153.23 38,655.49 62,782.47 9,803.34 $ 27,049.03 21,404.24 11,858.24 125,813.02 5,008.88 1,224.47 5,465.00 52,750.97 26,517.08 43,022.21 664,408.69 18,000.00 139,718.03 7,884.73 84,020.56 448,572.30 1,800.00 16,800.00 200,000.00 4,611.98 1,279.84 4,078.27 24,490.98 43,028.58 51,969.47 215,205.56 63,391.69 46,802.92 150.00 106,843.41 62,661.34 475,352.56 78,646.56 100,072.95 15,631.46 117,958.32 927,333.01 63,009.60 10,967.44 20,000.00 236,755.68 20,608.31 95,417.84 126,781.75 467,056.59 9,132.30 2,342.50 1,972,110.29 53,503.85 93,725.25 66,448.41 24,903.48 5,065.00 196,977.84 36,649.95 14,933.00 870,121.47 8,500.00 23,575.69 103,373.11 211,343.19 31,051.83 20,202.79 275,000.00 5,000.00 48,878.46 1,141,747.17 82,584.22 1,160.16 10,475.47 18,668.73 103,377.00 214,226.12 4,417,287.78 44 Report of State Treasurer capital improvement Cash Balance July 1, 1960 Stonewall Jackson Training School Laws 1953-Bond Laws 1957 Laws 1959 Laws 1959-Bond (Voted) Morrison Training School Laws 1957 Laws 1959 O'Berry School Laws 1957 Laws 1959-Bond (Voted) Eastern Carolina Training School Laws 1953-Bond Laws 1957 Laws 1959 Laws 1959-Bond (Voted) State Training School for Negro Girls Laws 1949 Laws 1957 Laws 1959 State Home and Industrial School for Girls Laws 1953-Bond Laws 1 957 Laws 1 959 Laws 1959-Bond (Voted) Leonard Training School Laws 1959-Bond (Voted) N. C. Sanatorium Laws 1 947 Laws I 949 Laws 1 953 Laws 1 957 Western N. C. Sanatorium Laws 1 947 Laws 1 949 Eastern N. C. Sanatorium Laws 1 94 1 Laws 1 947 Laws 1949 Laws 1953-Bond N. C. Cerebral Palsy Hospital Laws 1 947 Laws 1 959 1,716.47 55,646.53 20,427.51 100,000.00 1,538.06 68,724.43 100 1,242, L 28, 116, 2, 9, 132, 24, 4 147 124 ,180.00 ,260.74 ,708.80 848.29 ,700.00 ,541.75 ,322.67 ,487.91 ,411.61 ,148.93 ,044.07 ,875.00 ,000.00 124,000.00 4, 10 22, 95, 18 5, 84, 77, 100, 15, 6, ,098,04 ,027.72 ,056.52 ,062.16 ,303.89 ,843.93 181.15 ,111.43 ,305.79 ,000.00 ,567.79 SI ,000.00 Report of State Treasurer 45 FUNDS—(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1961 $ ^ $ „ $..... $ 1,716.47 20,877.03 5,159.16 36,978.53 34,769.50 15,268.35 63,021.47 1,538.06 58,923.91 9,800.52 100,180.00 152,925.88 1,089,334.86 1,708.80 177.79 24,689.36 68,936.80 670.50 4,010.64 47,604.95 2,322.67 7,879.08 125,258.18 17,713.87 2,419.82 100,924.59 4,426.78 4,540.08 1,608.83 16,093.00 23,246.43 6,435.06 1,624.25 46,950.41 119,573.22 119,459.92 4,093.04 10,027.72 22,056.52 34,746.32 60,315.84 18,303.89 5,843.93 181.15 84,111.43 14,885.04 92,190.83 100,000.00 15,567.79 — 5,588.49 411.51 46 Report of State Treasurer capital improvement Cash Balance July 1, 1960 Department of Conservation and Development Laws 1 947 Laws 1949—Improvements to State Parks Laws 1949—Commercial Fisheries Laws 1951—Cape Hatteras Seashore Commission ..._ Laws 1951—Restoration of Tryon Palace _ Laws 1 957 Laws 1957—Kerr Reservoir Development Commission Laws 1 959 _. Laws 1959—Kerr Reservoir Development Commission .. Wildlife Resources Commission Laws 1959 (Own Receipts) Department of Water Resources Laws 1 959 __. Medical Care Commission Laws 1 947 -- Laws 1 949 _-.. Laws 1951 Laws 1 953 Laws 1 957 Laws 1959-Bond (Voted) Confederate Women's Home Laws 1 957 - Agriculture Laws 1949—State Fair Laws 1 953-Bond Laws 1 957 -.... Laws 1 959 Atlantic and North Carolina Railroad Laws 1 94 1 State Ports Authority Laws 1 957 Laws 1 959 Laws 1959-Bond (Voted) School Plant Construction Laws 1 949 Laws 1 953-Bond N. C. Armory Commission Laws 1 95 1 Laws 1 953-Bond Laws 1 957 Prison Department Laws 1 957 Laws 1959 (Own Receipts) 17,555.91 55,482.57 845.89 5,486.79 8,530.48 147,928.59 43.00 532,780.22 15,880.24 64,551.20 593,000.00 2,162.50 45,079.78 11,445.93 51,169.65 80,299.78 500,000.00 19,399.35 1,374.30 2,816.15 72,000.41 38,393.86 4,363.80db 186,684.05 375,250.28 500,000.00 3,000.00 ,673,342.73 29,482.27 3,078.00 340,757.69 661,476.25 510,119.20 Report of State Treasurer 47 FUNDS—(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1961 S . $ 1 $ $ 17,555.91 5,260.55 2,177.45 50,222.02 1,718.00 386.44 5,486.79 138,920.00 134,190.39 57,966.58 43.00 42,454.34 6,592.99 156,939.32 263,035.56 2,162.50 25,335.36 11,445.93 34,771.49 71,697.28 163,926.80 19,229.62 1,374.30 13,260.09 5,634.05 95,596.06 150.38 490,476.26 9,287.25 100,868.22 8,480.10 34.69 329,999.13 19,744.42 16,398.16 8,602.50 336,073.20 169.73 2,816.15 1,374.30 73,301.88 34,080.71 72.83 541.96 4,855.11 4,363.80 1,928.90 51,066.21 263,850.92 137,546.74 21,235.83 132,635.19 500,000.00 3,000.00 728,819.49 15,262.15 3,078.00 1,395,992.83 514,620.44 251,867.51 944,523.24 51,060.02 65,280.14 1,144,717.05 89.481.91 35,920.00 182,775.81 993,236.63 1,251,488.32 48 Report of State Treasurer capital improvement Cash Balance July 1, 1960 Department of Administration Laws 1953—Bond—General Services Division Laws 1957—General Services Division Laws 1957—Community Colleges Laws 1957—Purchase of Land — Laws 1959-Special Bills 523.64 38,664.25 1,028,616.46 139,237.22 58,001.93 Laws 1959—State Land Fund (Own Receipts) Laws 1959—General Services Division Laws 1959—Bond (Voted)—Community Colleges Laws 1959—Bond (Voted)—Purchase of Land Educational Institutions Legislative Building Commission Laws 1 959 4, N. C. Board of Correction Training Laws 1 957 Juvenile and Evaluation Treatment Center Laws 1 959 Charles B. Aycock Memorial Commission Laws 1957 Department of Motor Vehicles Laws 1959 (Own Receipts) State Commission for the Blind Laws 1 953 - State Commission for the Blind- Rehabilitation Center — Laws 1 959 Laws 1959-Bond (Voted) State Art Society Laws 1 959 Expense of 1953 Bond Sale - Bond and Note Sales—Principal and Premium Capital Improvement—Bond Authority Total Capital Improvements Sinking Funds: Highway Bond Sinking Fund General Fund Sinking Fund of 1945 State Ports Bond Sinking Fund Total Sinking Fund 1,582,940.95 1,500,000.00 491,450.00 452,993.39 15,899.19 57.892.55 23,519.91 11,500.00 140,000.00 636,000.00 16,801.93 22,944,000.00db $ 36,710,677.73 3,930,3 18.97DB 1,567,411.31 224,927.10 $ 2,137,980.56db Report of State Treasurer 49 FUNDS—(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1961 5 3 :. $ $ 523.64 44,604.30 435,227.02 81,988.85 62,462.14 $ 5,943.91 3 86 593 389 44 57 248 37 5,626.06 1,165 85 16,100.00 16,100.00 36,983.69 43,426.49 877,963.66 205,166.53 125,880.00 661,403.65 13,076.83 13,674.62 30,403.29 33,232.73 27,051.84 785,387.47 1,294,833.47 365,570.00 6.10 3,791,595.84 2,822.36 50,000.00 10,000.00 9,712.82 18,926.26 36,325.38 15,775.00 53,264.26 12,583.00 4,457.42 3,707.00 34,895.00 50,102.00 140,000.00 21,280.25 614,719.75 16,801.93 9,371,151.21 176,151.21 9,195,000.00 11,500.000.00 11,444,000.00db 1 25,637,408.86 $ 166,960.57 $ 176,151.21 5 31,047,675.82 $ 31,291,220.13 $ 8,829,409.67 4,356,535.41 $ $ 6,931,280.00 4,727,330.00 $ 1,947,357.59 779,256.66 S 3,979,546.89db 417,360.06 100,000.00 324,927.10 $ 13,285,945.08 $ $ 11,658,610.00 $ 2,726,614.25 $ 3,237.259.73db 50 Report of State Treasurer Q o I— ( 12; ^ o S w H O fe < o H H 1 d d 2 o__ o CM f£ csd 00 ^^ r^ h «5 01_ in t> 00 d <M CO 000000000 0000000000 li opqpooopo 0000000000 d d 0' d d 0' 0' 0' <6d>d>d>'6'<6<6d:d>d> ;si 0o0o0o0o0o0o0o0p0o 0000000000 ^ — o__ o__ o_ o__ o_ o__ o_ p, o_^ p ' 0" 0" d 0" 0" 0" -h" —T m" csT 0" 0" 0" oj m" d £< m t-^ m — ir^ -H m m so 00 -^ o^j >^ „ ^ _ ^ ir> — . 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Inst Q z eries "G eries "G eries "G Z >< u^ ^^ <n g < ^ "^ ^-^ ^-^ ^^ ^[J • t/5c/5«s/5C/iW5 M ^£P^£P^^^^2-g333CCCCCC Z -hn-hV,"^ C/5 C/3 C/3 1/3 C/3 C/j J bJ3 bb bp bbc/3 C/5 (/J CO C« C/j 5^ .SP.SP ^ "C -c "0 T3 Z H vO^ nJM nC^ v^ s^ vO^ v^ v^ s^ '\J vC^ s^ v^ ^0 sf^ N?J nJ^ s?J nJ"' nJ^ " -f Tf <>j (M (M (M «M c^r 04 * ^ Tf Ttl Cvl CM CM CM CM CM ' Report of State Treasurer 51 ooo H I— 1 12; (0 w i-H ^ » H o CO Pi ^w Ci-^ WD Q i-s >- DJ H 13 ma < « Q Q h;^ HO ^CQ H r^ Ma <H ?^ HH Uh nJ o o 03H <Z UPJ a sH H H Ctf <rl O H K cc oo Oo oo OO oo oo o o o o oo oo oo oo oo oo oo oo oo oo oo oo oo oo oo oo oo ooo ooo ooo Ooo ooo ooo oo oo o o ooo ooo ooo ooo ooo ooo ooo ooo ooo ooo ooo oo o ooo oc o ooo ooo ooo CM o ooo o GO CO — o oo oo in oo oo oo so oc in oo to oco o ooo oo oo o so ooo oo oo OO o o 00 eo TT " OO u-5 oo t- (M o ^ so CM CO -H — ' CM — CM Tfoo ^'ooO^m — oocM mi>- oi -Ht^oooocMCMtrsoooosor^cMincMC^JcioincooDJcf) CMtiooo p-^'u 'H 'C n _ _: *j ij *j ^^>;^'C 'H 'C 'H 'C 'C 'C 'C >-^ >-n >-, >^ 3 C D- CL Gh ^ § u (J u 3 3 3 CU G- cu G. CU CL CL Dh i' >2 42 ^ r— >—It— oOCMt^eOoooO-^eOocincOirsoomooeom CMeooooooocMCMCMCMCMccmmioiTiini'^^i^'nm Cl CT) O^ CTi m >n m in CT) CT5 O^ CT) c fao'o be ho c u c c bo b/D be bctsH C C C C ^ ' S J cc££ccccc ^1 Ix ^ !-i :^pguHCQcqcL,eQ«pQcqcQCL,&,CL,2Sg§SS^S win'^-^-^-^Tti-rf-^TjHTf-tiCMCMi—I — _^CMCMCMCM—• CU O- G- Oh ^ "rt "rt "(5 rt 3 "cu'g,"g^"g-rt c^ ct3 w J uuu u <J * so CO oo 52 Report of State Treasurer ooooooooooo< O O O O O O O O O O O c O O oooO oO oO oO oO oOoOoOoOoCJoooooooooooooooooooo o o o_ o_ o^ o_ o_ o_ o^ o_ o p o o o_ o o o o o o o iono"oo"oo"moo" oo' oo"oo"oo"to"^ooom" ooio~no"oo"oo*ooo" oo" oo'oo"oo" ^ 00 eo -^ CO -H o o o o o g o o o «>: to I>-tD C^tO t£> tOtOtOCXltOt^ OOtDr^ 00 tOI>- lOt-^ C\(mcOCMmtDOJxr5CM(MCMxfiCv|-4'OJ-^tDt^CMTt<lOt-L CvlTf^ C4-<ti o n Q QwQ ;?; on o H cu a, a, a, << 02CTiCT5C5dcr)cn<:nCT)<T50ooooooooooo OOOOOOOOOO'^t^rtrtoOOOOOOO o o oo o o ic in oo DhCX^ >- >H S-, D-. Qh a, , , „ ,- - Oh . . . DhCU-S .2 B B XX . u u o . M-j ^ B- &- Oh Oh o\ cL C - -^ ^ TO TO ~j UUu c c S- 2--- XI u u c U U - ^ (h >-i t^ u Oh Gh Q, Oh ^h" ^; Ih" U S S £ S a, Gh GhOh'"' '-' '-^ ^ • • • • u u u u O. O. O. O,^ W"-"^ .^ c c o o o.a . . . . c c c fi T3-ciT3 ^ vS ,^ ^ ^ 5 2 . . rt Ki -a -rj -a T3 ii iij ii *i &5^ ^^ ^ ^r &^&^ TjHaoeO'^oooo-*eo-^Tti'^oo-^oO-^CslC^oOTtiCsr(>4oo a z o pq o Oh -> ;^ o o cfti ^ c n < 3 "o JOG Oh -^ -« l-H (J (J CT) -H -H Report of State Treasurer 53 ooo ooo oo co oo oo oooo oo co oo oooooococooooooooo o o o c ooooooooo omvTiioiomoooooooo -^ — l>-Trr-CMCOCOOOCO c^j in CM oj ^ — eo oo — — ^- CTi oo oo oo oo oo co oo oo o o o o oo oo om oo C3C (T-, — O Tf OO m GO CM so CM CM CMinoCMCMOCCMOOiOTrCMinticTi cm— C^ICMCMt>- oi cr- ctj o^ o^ cr. ct-. o". cr- ov ct; m ct. o ctj d «j) a-; CT) 01 ooeocoGO-^-^r^r^r^r^oooooooo O CT! O^ C^ CT; O Q> 0"j O^ Oy C^ O^ !X O^ CM CM c> cn 0^ o; cr, -H Tf "^ -f in cr. cr. en 1-^ -^H^. . 3 ^ rii rH >r 3 . . 3 cSi jOOOOOOOOOOOOOO CO — CMCMCM— I—i-^CMCMCMtJ-CMCMCM z <n a O ^ > PQ -£2 X 3- Tt< in C/5 crt W5 t/5 W5 O -o -c 13 T3 Z rt rs rt rt 00000 « P<pi Pi Pi <a o ^ U ii )-i C3 rt C3 C^ "O TS TJ 'o C00C 0C0C u u u u <U U QJ <U C/2 C/D CO C/D C/^ ^ ^ ^ CM 54 Report of State Treasurer STATE TREASURY DEPARTMENT OUTSTANDING BONDS NOT PAID AS OF JUNE 30, 1961 Description Maturity O/S Numbers Amount Total 414% Perm Imprv. .— Apr. 1, 1936 22366 $1,000.00 4% Hospital — - Jul. 1, 1949 2,500.00 4% Sell. Feeblemd Tul. 1. 1951 31 100.00 i% Adm. Bldg - Jul. 1, 1951 3,000.00 i% Perm. Imprv. Jul. 1, 1953 (R) 401 500.00 114 Ports Apr. 1, 1961 4441/4450 10,000.00 4% Tr. Sch. Cap. Imp. May 1, 1961 1/10 10,000.00 Total General Fund $ 27,100.00 4i/27o Highway Jan. 1, 1945 69296 1,000.00 4i/27o Highway Jan. 1, 1949 70525/70526 2,000.00 4i/27o Highway Jan. 1, 1954 55216 1,000.00 41/2% Highway Jan. 1, 1956 56249/56250 2,000.00 41/2% Highway Tan 1. 1958 18599/18600 2,000.00 4i/27o Highway ._ Jan. 1, 1960 33939/33940 44174/44194 44199 57951/57955 2,000.00 2,000.00 1,000.00 5,000.00 41/270 Highway Jan. 1, 1961 34609/34611 34615 44393/44497 65122 3,000.00 1,000.00 2,000.00 1,000.00 1147, Sec. Roads Jan. 1, 1961 28651/28675 81631/81633 83639/83678 25,000.00 3,000.00 25,000.00 Total Highway & $ 78,000.00 Total Outstanding $ 105,100.00 Report of State Treasurer 55 treasurers investments of fund balances JUNE 30, 1961 U. S. Treasury Bills: Due 8-17-61 , $ 4,956,981.67 Due 8-24-61 3,976,800.00 Due 9-22-61 5,925,227.78 Due 11-24-61 4,950,387.50 Due 12-14-61 2,965,636.67 Due 12-21-61 3,952,013.33 Due 1-15-62 4,873,611.11 $ 31,600,658.06 U. S. Treasury Certificates of Indebtedness: 31/8% Due 8-1-61 $ 30,072,428.81 3% Due 5-15-62 20,000,000.00 $ 50,072,428.81 U. S. Treasury Notes: 4% Due 8-1-61 | 3,028,202.70 35/g7o Due 2-15-62 . 10,109,946.48 314% Due 2-15-62 8,300,000.00 31/4% Due 8-15-62 15,000,000.00 31^% Due 5-15-63 11,007,948.37 $ 47,446,097.55 U. S. Treasury Bonds: 21/2% Due 11-15-61 $ 8,932,500.00 25/8% Due 2-15-65 7,663,000.00 21/2% Due 3-15-70/65 2,778,750.00 21/2%, Due 3-15-71/66 7,410,000.00 | 26,784,250.00 U. S. Treasury Obligations $155,903,434.42 Certificates of Deposit 66,105,180.00 Total Investments $222,008,614.42 Earnings Fiscal Year $ 6,906,905.93 56 Report of State Treasurer DEPARTMENT OF THE STATE TREASURER BANK BALANCES—JUNE 30, 1961 Demand Deposits Certificates of Deposit Aberdeen, Carolina Bank Ahoskie, Bank of Ahoskie Ahoskie, Planters National Bank Albemarle, Cabarrus Bank & Trust Co. Asheboro, Bank of Randolph Asheboro, First National Bank Asheville, Bank of Asheville Asheville, Wachovia Bank & Trust Co. Ayden, First National Bank Banner Elk, Banner Elk Bank Belmont, Bank of Belmont Bessemer City, First State Bank Biscoe, Bank of Biscoe Black Mountain, Northwestern Bank Boone, Northwestern Bank Booneville, Commercial and Savings Bank Broadway, Central Bank and Trust Co. Brevard, First Union National Bank Burlington, Hood System Industrial Bank Burlington, North Carolina National Bank _ Burlington, Wachovia Bank and Trust Company Burnsville, Northwestern Bank Candor, Bank of Candor Catawba, Peoples Bank Canton, First Union National Bank Chapel Hill, Bank of Chapel Hill Chapel Hill, University National Bank Charlotte, Bank of Charlotte Charlotte, City Savings Bank Charlotte, First Union National Bank Charlotte, North Carolina National Bank Cherryville, Cherryville National Bank Clinton, First-Citizens Bank &: Trust Co. Clinton, Scottish Bank Columbia, East Carolina Bank Cornelius, Bank of Cornelius Concord, Citizens National Bank _. Concord, Concord National Bank Creedmoor, Durham Bank and Trust Co. Davidson, Piedmont Bank and Trust Co. Denton, Carolina Bank and Trust Co. Dunn, Commercial Bank Dunn, First-Citizens Bank & Trust Co. Durham, Guaranty State Bank Durham, Mechanics and Farmers Bank Durham, North Carolina National Bank Durham, Wachovia Bank & Trust Company 27,615.53 27,368.73 29,688.49 25,991.55 26,713,13 25,443.80 28,311.23 29,028.71 25,027.65 151,424.74 26,917.92 25,930.50 29,795.78 29,351.09 29,384.93 994,057.88 125,639.97 48,050.06 45,274.24 24,996.46 28,171.38 2,010.33 27,620.09 29,936.96 43,696.12 27,248.14 96,816.88 27,963.17 46,159.43 200,000.00 250,000.00 365,000.00 50,000.00 34,000.00 500,000.00 100,000.00 141,000.00 40,000.00 180,000.00 150,000.00 61,000.00 75,000.00 95,000.00 350,000.00 450,000.00 6,500,000.00 100,000.00 140,000.00 170,000.00 100,000.00 150,000.00 167,000.00 100,000.00 225,000.00 Report of State Treasurer BANK BALANCES—JUNE 30, 1961—(Continued) 57 Demand Deposits Certificates of Deposit Edcnton, Peoples Bank, and Trust Co Elizabeth City, First and Citizens Natn'l Bank ___. Elizabeth City, Industrial Bank Elizabeth City, Wachovia Bank &; Trust Company Elizabethtown, Bank of Elizabethtown Elkin, Bank of Elkin Farmville, Bank of Farmville Fayetteville, Branch Banking and Trust Co. Fayetteville, Commercial and Industrial Bank Fayetteville, First-Citizens Bank &: Trust Co .._. Forest City, Security Bank and Trust Co. Four Oaks, Bank of Four Oaks Forest City, Union Trust Company Franklin, Bank of Franklin Fremont, Branch Banking and Trust Co. Fuquay Springs, Bank of Fuquay Gastonia, Citizens National Bank R: Trust Co. .___ Gatesville, Tarheel Bank and Trust Company .... Goldsboro, Branch Banking and Trust Company Goldsboro, First-Citizens Bank 8; Trust Co. Goldsboro, Wachovia Bank &: Trust Company .._. Graham, National Bank of Alamance Granite Falls, Bank of Granite Greensboro, Bank of Greensboro Greensboro, First-Citizens Bank R: Trust Co. Greensboro, North Carolina National Bank Greenville, Planters National Bank Greenville, State Bank and Trust Company Greenville, Wachovia Bank and Trust Company Halifax, Bank of Halifax Hamlet, Commercial State Bank Henderson, Citizens Bank and Trust Co. Henderson, First National Bank Henderson, Peoples Bank and Trust Co. Hendersonville, First Union National Bank Hendersonville, Northwestern Bank Hertford, Peoples Bank and Trust Company Hickory, First National Bank Hickory, Northwestern Bank High Point, Central Savings Bank High Point, High Point Savings and Trust Co. .... High Point, North Carolina National Bank High Point, Wachovia Bank and Trust Company Hobbsville, Bank of Hobbsville Jackson, Bank of Northampton Jacksonville, First-Citizens Bank & Trust Co. Jacksonville, First National Bank Jefferson, Northwestern Bank 25.601.24 45,442.97 27,046.69 23,121.02 52,097.04 101,465.92 25,264.92 28,076.83 29,703.32 26,077.89 26,790.91 511.55 54,666.14 96,992.00 27,344.17 25,007.92 47,673.32 541,557.00 28,573.61 26,657.53 195,617.42 27,135.64 26,317.49 28,563.17 25,937.79 27,748.55 28,334.04 28,355.69 25,295.07 29,130.63 25,036.39 25,534.10 175,000.00 100,000.00 100,000.00 150,000.00 200,000.00 135,000.00 100,000.00 75,000.00 317,800.00 650,000.00 100,000.00 78,000.00 180,000.00 250,000.00 92,780.00 200,000.00 750,000.00 500,000.00 124,000.00 500,000.00 215,000.00 100,000.00 125,000.00 1,100,000.00 100,000.00 570.000.00 65,000.00 80,000.00 325,000.00 58 Report of State Treasurer BANK BALANCES—JUNE 30, 1961—(Continued) Demand Deposits Certificates of Deposit Kannapolis, Cabarrus Bank and Trust Company Kinston, First-Citizens Bank and Trust Company Kinston, Wachovia Bank & Trust Company Laurinburg, Commercial State Bank Laurinburg, Southern National Bank — Laurinburg, State Bank Leaksville, First National Bank Lenoir, Lenoir Industrial Bank .___ — Lenoir, Bank of Granite Lenoir, First Union National Bank Lewiston, Tarheel Bank and Trust Co. Lexington, Commercial Bank _— Lexington, Industrial Bank Lexington, Lexington State Bank Lincolnton, First National Bank Lincolnton, Lincoln National Bank Lumberton, Scottish Bank Lumberton, Southern National Bank Macclesfield, Merchants and Farmers Bank Madison, Bank of Madison Manteo, Bank of Manteo Marion, First National Bank Marion, Marion Bank and Trust Company Marshall, Citizens Bank and Trust Co. Mayodan, Bank of Mayodan Micro, Citizens Bank Mocksville, Bank of Davie Monroe, American Bank and Trust Company .... Mooresville, First National Bank Mooresville, Piedmont Bank and Trust Co. Morehead City, First Citizens Bank &: Trust Morganton, First National Bank Morganton, State Bank of Burke Mount Airy, First National Bank & Trust Co Mount Airy, Surry County Loan and Trust Co. .. Murphy, Citizens Bank and Trust Company Mount Olive, Bank of Mount Olive New Bern, Bank of New Bern New Bern, Branch Banking and Trust Co. New Bern, First Citizens Bank & Trust Co. North Wilkesboro, Bank of North Wilkesboro .— North Wilkesboro, Northwestern Bank Oxford, Oxford National Bank Oxford, Union National Bank Pembroke, Scottish Bank Pilot Mountain, Bank of Pilot Mountain Pilot Mountain, Farmers Bank 29,352.95 47,719.75 29,915.83 25,319.10 27,111.31 27,384.98 27,911.92 28,592.78 8,798.05 29,633.73 28,720.85 25,423.15 29.890.19 28,694.74 28,185.59 28,818.37 27,516.53 27,796.95 29,485.23 25,870.56 27,074.37 28,718.89 53,458.85 101,853.16 53,501.04 29,131.34 26,290.02 27,568.08 26,248.90 29,313.62 27,524.77 28,558.02 29,412.14 52,186.62 100,000.00 200,000.00 100,000.00 10,000.00 538,000.00 30,000.00 240,000.00 200,000.00 1,050,000.00 571,000.00 65,000.00 80,000.00 100,000.00 135,000.00 90,000.00 100,000.00 175,000.00 500,000.00 235,000.00 200,000.00 250,000.00 245,000.00 100,000.00 50,000.00 400,000.00 2,850,000.00 240,000.00 100,000.00 100.000.00 Report of State Treasurer BANK BALANCES—JUNE 30, 1961—(Continued) 59 Demand Deposits Certificates of Deposit Plymouth, Branch Banking and Trust Company Plymouth, Planters National Bank Raleigh, Branch Banking and Trust Co. Raleigh, First-Citizens Bank & Trust Co. Raleigh, North Carolina National Bank Raleigh, Scottish Bank Raleigh, Wachovia Bank and Trust Company Raleigh, Wachovia Bank & Trust—UB Account Raleigh, Wachovia Bank & Trust—UCA Account Raeford, Bank of Raeford Reidsville, Bank of Reidsville Reidsville, Commercial Bank of Reidsville Roanoke Rapids, Planters National Bank Robbinsville, Citizens Bank & Trust Co. Rockingham, Farmers Bank and Trust Co. Rockingham, Richmond County Bank Rocky Mount, City Industrial Bank Rocky Mount, Peoples Bank and Trust Co. Rocky Mount, Planters National Bank Roxobel, Roanoke-Chowan Bank Rowland, Bank of Rowland Roxboro, Durham Bank and Trust Company Roxboro, Peoples Bank and Trust Company Rutherfordton, Security Bank & Trust Co. Salisbury, Security Bank and Trust Co. Salisbury', Scottish Bank Salisbury, Wachovia Bank and Trust Co. Sanford, National Bank of Sanford Sea Level, Wachovia Bank & Trust Co. Shelby, First National Bank Shelby, Union Trust Company Siler City, Chatham Bank and Trust Co. Smithfield, First Citizens Bank & Trust Co. Smithfield, Johnston County Bank Spruce Pine, Northwestern Bank Statesville, Industrial Bank Statesville, North Carolina National Bank Statesville, Northwestern Bank Stoneville, Bank of Stoneville Sunbury, Farmers Bank Swannanoa, Swannanoa Bank and Trust Co. Sylva, Jackson County Bank Tarboro, Edgecombe Bank and Trust Co Tarboro, North Carolina National Bank Taylorsville, Northwestern Bank Thomasville, First National Bank Thomasville, State Commercial Bank Troy, Bank of Montgomery 27,807.81 28,537.37 821,002.49 6,232,380.26 6,535,828.31 275,297.26 18,120,802.15 781,820.74 26,344.29 25,582.35 25,801.42 25,194.39 25,126.58 22,677.71 29,395.55 28,775.35 54,123.77 29,563.86 28,380.92 29,191.23 28,863.62 27,388.84 28,472.40 16,826.60 25,899.77 25,182.37 26,604.68 29,503.35 28,721.28 28,118.43 29,056.14 48,982.38 25,000.00 103,670.23 27,451.76 28,395.54 27,442.42 6,200,000.00 7,500,000.00 27,704.79 38,000.00 425,000.00 216,000.00 143,000.00 1,000,000.00 500,000.00 76,000.00 120,000.00 365,000.00 100,000.00 270,000.00 275,000.00 500,000.00 400,000.00 75,000.00 50,000.00 90,000.00 90,000.00 60,000.00 286,000.00 300,000.00 175,000.00 50,000.00 60 Report of State Treasurer BANK BALANCES—JUNE 30, 1961—(Continued) Demand Deposits Certificates of Deposit Tryon, Tryon Bank and Trust Company Varina, Bank of Varina Wadesboro, Anson Bank and Trust Company „. Wadesboro, First National Bank Wallace, Branch Banking and Trust Company ... Walnut Cove, State Planters Bank Washington, Bank of Washington Waynesville, First Union National Bank West Jefferson, First National Bank Whiteville, First National Bank Whiteville, Waccamaw Bank and Trust Co. . Williamston, Branch Banking and Trust Co. Williamston, Wachovia Bank and Trust Co. Wilmington, Bank of Wilmington Wilmington, North Carolina National Bank Wilmington, Wachovia Bank and Trust Co. Wilson, Branch Banking and Trust Co. Wilson, First Union National Bank Winston-Salem, City National Bank Winston-Salem, North Carolina National Bank Winston-Salem, Hood System Industrial Bank ... Winston-Salem, Wachovia Bank & Trust Co. Woodland, Farmers Bank Yadkinville, Bank of Yadkin Yanceyville, Bank of Yanceyville Tellers Cash Funds on deposit in New York to pay North Carolina Bonds and Coupons Available Cash Special Purpose Accounts: Bonds and Interest in New York Unemployment Benefit Account Unemployment Clearing Account Certificates of Deposit Invested in U. S. Treasury Obligations 27,522.02 27,716.99 26,821.11 25,651.65 26,837.87 26,763.55 28,554.54 29,623.65 53,689.51 25,087.32 27,409.50 27,993.51 25,465.10 102,331.58 1,470.25 53,572.70 49,903.86 47,646.71 28,037.80 29,453.27 14,793,590.76 $ 54,203,356.90 $ 38,601,601.11 14,793,590.76 781,820.74 26,344.29 66,105,180.00 155,903,434.42 $276,211,971.32 140,000.00 72,000.00 300,000.00 250,000.00 141,000.00 233,600.00 1,200,000.00 285,000.00 5,050,000.00 750,000.00 800,000.00 50,000.00 10,000,000.00 175,000.00 150,000.00 $ 66,105,180.00 Report of State Treasurer 61 H WU < — — — — w cc o C: IT) tC TT ^ d o c>i — " — r-^ S 9 i ~ S CO rt ^^ O c" d lo —' 5<~ r-^ c; o ^ Gc o- m h ' to c^i </; c/: ^^^^^^ ^_^ O *— ' CCS Q '—^ ^-—^ ' ^ -' "^ H^ c; o (c '^ CM ""^ Q . 0^:^:^10 in •- 8 ' l-l C^ IT' c^i °< — m o<- CD — tc o_ S^ <£ oc tc C-J o -^ (- a 0, ^-- e/^ 'jy o o o o o (-. o CJ ,-" — —: — — d 3 o o 2 5 o n o > co od od od oo od ^ ^^ ^ o o *^ i>- rt " ^ CM CU r. uy o «' -^ O O Ol rr O o In '^ ir^ O l^ t-~- t~~ 00 oi vrj oj cvi (>j C^j < ^ to in CM . to 00 ,-i, Tfl —' to cp> i ; ;^ "^ in in ^ O : CO to <£ '^iS : CQ d d CT' -o =G^O c/, : r- !>• CO ^ CO ^—Ni— •n s :e t2 tfi 1 '5 « v^ 5 '^ CO «: uU 1 -a T3 -c if o sec (V o o o c ^ ° pq « PC = 3 S S 5 I (Tj J5 ^ C^ ^ 2 S Ji ^ t hhhhh S c/:i c/5 cAJ c/^' cr DPDP:^ Q OJ 5^ &5^&-5 z rt :<!&5::?!^:^ Pii CvJ If C^ CM CN 03 CO O H o ij ci o H ;?; w H on o in o oo oo 00 o on o ooo ooo to r- to CM in in to oo 00- r: « 3 -0 § O PQ -a rt <u <n ;>- k. n U a. c 3O O uu 3 VD U oh QZ O 62 Report of State Treasurer HZ W cc H CO » O J H |jq ^ ^ S 05 ^ W M S O Z: ;^ j^ PPi o<ob o CO l-H H & u w !» El, O H 12; H <1 H Oh — ' > O U en o so o so CO <^ a-i — ^:r Tfi 00 -H lO (X5 m t^ o -f^ o TtH ^- so CT) O to Oi t-^ — CT) C>J so t-^ 00 c; o^ so so so ^^ so CTi 00 -T' lO — ^^ -f ^ -r r-^ O o" so r~ so ^- O <0 T oo oo oo oo oo o m o 00 CT) O CM 00 so BO so so -r)-' Tj-i 3f§ >- IJ r3 QJ OJ u§ ;:2u P o H CO H w w I— ( HWW ww o >-] w w H =3 «PO<f0e KH O CO H 05 O CO O H ;2; m Eh <J H > O C^J l>- O) CM CM -^ CM O lO O O C^ ^ o C^J o oi >o r^_^ o_ CM a^ o" oo' —-' --' CM O 00 'O so —< rt^ so O so C^l so Cj CM lO ~f lO -fi CM oc" —"" ^^ ^^ so o — Oi r-~ t^ CT) t^ i^ L^ so L^ O -r c^J ^ i>- O CTi -r 00 —' CM Ol lO GO O^' ^^ to l^ CM '^ O -<*"__ O ^ C^l cm" c^r lo Oo Oo Oo Oo cO; Oo ^'- iq 0_ 0_ O^ O 0_ O Tt*" CM oo" so O ^ of •—1 if5 00 ^^ 00 .—I so o o o BO Oi in IT) BO so so Tf -^ so BO Td -CO" -a o 5 o^ c S «13 t! 2i S . U § D U P clh [iH Report of State Treasurer 63 O O O O CM o ^ to 00 c 'O to cooocTiooooc^jinoCT; in OOOOOlDOeOOOCTioJOO oi ocy^-^ — OCTimoomocM so TO o^ o_ t-^ (>j (M o_ o_ CM en i>- o_ — _ Tt^ o" o (£ —' '^ o" -*" o" —" o" o" o" to" O ooooooooiooiooai to h ^„(jO—.CMCM — CM — CM^ c;0 est tj *j .QW-3^iC~i Q a Q a Q OOOOOJO^CDCMOO^ TfH o o q o en q -; q C-- in o q '*. o" 00 <£3 ' to 00 o cvi " cri to Tfi-^— om-^m i>- to DJCvfCvl CTjCMOC-- 00 in eo —' —' m" oo" o' 00 p-i* 00 «^ &^ oooooocqoqoqoooqoooqoqoq o cici<6<6<6d^cicid:ci<6(6 d 3 oooooooooooo 1? o o o q^ q^ q^ o q o o q q_ > o" c" o" o* o' o* o" o o" o o o" 0" oooooooooooo U „__,j. — CMCM— — OO — CMin ^. 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CM 00 CM < C to CM .- 00 to Q.2 in G u 00 <u r-iH t/? cu ry Bills 8-17-6 Treasury Note L 3 < (u H=^ OJ ^^^ « ^ d Oi D so 1 6® OH <;o <*: H to to yD to r— < to to tji <?> 1— ( f— 1 h %^ ^^ *j .- c Q Q G ^ ~~^ Tt< ^ rr> O) =:< 00 00 eo 00 E c^ BO so OJ __^ &:e &^ &% OJ 3 (t > CM CM ^ rt &< (^ (^ 1; ^2 <u .« > ?« •* -^i < OC 00 -H to aj bo S C CM _^ t^ Crt ."- 00 00 CL— 6 tj flJ U ?^ "^ OJ •4.) wu cfei c Cl, « J B Q ^a SJ ^< rt iS "i Pi CO 1 64 Report of State Treasurer statement of bonds and other securities held in trust by the state treasury department as of june 30, 1961 Par Value Agriculture Department Administration Account—Investment |100,000.00 Cooperative Inspection Service 40,000.00 State Warehouse System __... 149,000.00 Securities to Guarantee payment of Inspection Tax 7,675.00 $ 296,675.00 State Warehouse System—Notes $ 529,796.00 Atlantic & E. Carolina R. R. Notes & Securities 50,000.00 Department of Education Literary Loan Fund Notes $ 1,767,922.24 Rodman Trust Fund—Principal Investment 39,000.00 Camilla Croom Rodman Scholarship for W. C. U. N. C. -Notes 604. 1 6 Addie Fulford Rodman Scholarship for E. C. C. 1,847.50 John Gray Blount Scholarship for State College of A. & E 2,945.26 William Blount Rodman Scholarship for U. N. C _... 1,348.66 Better Roads and Schools Trust Fund 5,000.00 Scholarship Loan Fund Prospective Teachers 923,633.67 Department of Insurance Securities | 27,772,421.07 Workmen's Compensation Security Fund Stock Companies 399,000.00 Mutual Companies 343,000.00 Industrial Commission $ 1,040,000.00 Railroad Stock Owned by North Carolina Atlantic & N. C. R. R. Co. 12,666 shares N. C. R. R. Co. 30,002 shares Elkin & Alleghany R. R. Co. 1,000 shares Junaluska Turnpike Co. __ 701/2 shares State Hospital, Raleigh—Patients Fund $ 11,000.00 Department of Revenue Gasoline Tax: Collateral .-... I 393,500.00 Suretys I 7,598,750.00 Beverage: Suretys -...- $ 4,339,500.00 Sales & Use Tax: Securities $ 6,000.00 Suretys $ 1 30,000.00 Bus Regulations: Securities $ 300.00 Auctioneers' Bonds: $ 1,095,000.00 Report of State Treasurer 65 Crown & Lid _.. $ 755,000.00 Dcisel: Suretys $ 2,500.00 Suppliers: Securities $ 2,000.00 Suretys : 1 9 1 ,500.00 Sinking Fund for N. C. Bonds -.... _.... | 36,578,000.00 Teachers & State Employees' Retirement System- Investments _., - - $286,958,500.00 Local Government Employees' Retirement System $ 33,580,000.00 Law Enforcement Officers' Benefit &: Retirement Fund .$ 20,099,338.53 Medical Care Commission Medical Student Loan Fund $ 652,225.75 Report of State Treasurer of North Carolina Fiscal Year Ended June 30, 1962 68 Report of State Treasurer SUMMARY STATEMENT OF RECEIPTS, YEAR ENDED Fund Balance July 1, 1961 Receipts Fund and Exhibit Reference Tax Revenues Other Cash Receipts General Fund: Tax Revenue—Exhibit 1 $ $400,338,015.92 7,783,244.82 1 Non-Tax Revenue—Exhibit 1 Other General Fund Accounts- Exhibit 2 60,084,443.34 Total - $100,582,988.83 $ 68,625,463.37 15,134,568.22 $408,121,260.74 $134,834,198.10 16,106,413.19 $ 60,084,443.34 Highway Fund:—Exhibit 3 Highway Fund $ 49,402,690.88 Secondary Road Debt Service Total $ 83,760,031.59 $ 70,092.16 44,291,345.66 31,291,220.13 (3,237,259.73) $150,940,611.29 $ 2,998,601.73 $ 49,402,690.88 Agriculture Fund—Exhibit 3 $ Other Special Funds—Exhibit 3 331,148,136.15 Capital Improvement Fund—Exhibit 4 ._ Bond Redemption Sinking Fund- Exhibit 4 30,509,844.22 24,756,327.71 Total $256,758,418.64 $562,060,473.76 $495,901,442.30 Distributions: U. S. Treasury Securities—Exhibit 9 _- Certificates of Deposit—Exhibit 10 .— FJpmand Fiennsits Exhibit 10 $155,903,434.42 66,105,180.00 54,173,903.63 29,453.27 TTnfal $276,211,971.32 Less: Disbursing Accounts Balance ._ 19,453,552.68 Total Cash Balance $256,758,418.64 Report of State Treasurer 69 DISBURSEMENTS AND FUND BALANCES JUNE 30, 1962 Disbursements Receipt Transfers Revenue Refunds Disbursements Disbursement Transfers fund Balance June 30, 1962 $ $ 31,345,324.29 6,797.05 $ $ $- 5,301,561.72 1,809,489.19 77,049,205.33 467,541,268.61 45,182,607.08 $ 82,350,767.05 $ 3,787,029.94 $ 31,352,121.34 $ 467,541,268.61 $ 199,714,095.58 $ 46,992,096.27 $ . $105,253,973.74 $ 56,935,286.71 12,316,750.00 18,924,231.41 1 3,787,029.94 $ 199,714,095.58 $ 2,941,396.39 316,965,499.40 31,141,532.82 15,381,202.19 $ 12,316,750.00 $ $ 75,859,518.12 $ 1 $ 127,297.50 65,716,229.17 88,142,525.67 1,187,144.21 6,417,697.80 36,047,685.91 3,202,187.79 32,674,575.11 (279,832.01) $155,056,213.95 $ 31,352,121.34 $1,033,684,994.99 $155,056,213.95 5249,683,218.37 $165,005,986.79 67,420,680.00 43,815,865.22 23,551.89 $276,266,083.90 26,582,865.53 $249,683,218.37 70 Report of State Treasurer ^ 00 ^ 00 (T) XT O^ irT 00 m CM CO 05 to oo oo to o ^ 00 m 1-- o >-o CD o — a-; oj (M i-f^ — m t^ ^ m m o ilO r^ — < CO C^ (M (>J -f (M 5 w CO O ;^ Q ;z; PS < C5 cc O 00 I>- -^ -T' 00 --H r-» t~- CT) O (>J o lO 00 >-n -rr 00 r-; ur^ — t^ o o' o" =<" oo" o" 00 CO "^ ITJ oo un OO OO r^ r^ c^ CT) O CD Oi oo '—^ CT) m CO Ti-i •—-^ 00 o T^ CO h e^ u in CM oi CO o i>- oo -^ m en Lo" co" — r^ O) oo oi c^j 05 r^ -^ Tt< CM 00 O 00 c- 00 r~ t-~ o o en 00 CM 00 CO oo r^ OO CM — o_ ^^ co" 00 oo CTl oo oi 00 o c- ^H oo CM CM O CO CM OO O CM in CM 0_ OO ^ in o" r^ oo" ^ C^ -^ GO Ti-i CM ^ in ^ ^^ CM in — ^ h c^ ^H erita ense nchi hise ^ U ^ CJ hS J t^ ^ (-1 : : : til a; <^9 ^ 3 : - - O l: (L) <L) OJ > 3 3 3 > (U t:) -a x! !-j n^i QJ QJ QJ QJ -C -G -C S X C3 CJ O U -> c/3 c/D c/^ W h •« O ttJ TO |__j o Dh y c/: W h nl aj CO " C 4_i re .^ a; en O q3 _aj ^ h ^ H X 03 C .-2 <^ hn [-1 qj 'w ^ " XW tn c •5Q w Pm V 3 T^ > 3 _^ qj 1) qj C/0 3 > « 5 -K ^ 3^ u <u .be ^ >-< c [in ^-^ ^C^ ^ 73 C i« 3 C « m D -< m tn 3 > 'rt s-i SHS (U <U (U <U 3 3 CJ CJ CJ u c/:) en c/D c/D 3 3:= OJ OJ 'J h P^ h Report of State Treasurer 71 m0o0c0M0o0o4i^^C-T^)C0M(o>rJ^'c+v'i0o0oo—orm-ocoooo r^comooooooCTicoocryO-^tooo — ^- o r^ -r^ i>- o4 -^ ^ CM in o 00 oo -^^ <o •<*<_^ 00 csT o ^ oo" «D o^ ^ ^ ^ o^" irT ^ i>r o" oo (MOO^-H tO-^O o^^—"GO o^^ t—o oin eo ^^ .—I so in 04 CTi mooocvimo^o inocMoor^-*_CMO ootoinooooooCTioo CO r-- Tt^_^ r-- c\( -^^^ in CM 00 o" ^ oo" lo a^ ^ CM 00 -^ cr> ^^ o TjH o o — t^ in o CM o o oo in in o c£3 O (£J r-I iri o^ O o^ o -^ tn 00 cT) in o 00 GO Tf to 00 o ^ CT> in ^ r-^ o^ -^ ^H -^ so o ^^ t^o oin CM CO 1^ , 2 tu O ^^ e Si U S1-1 —3 C aj '^ c H ^- ^^ ^ c S S <u o v:i -^ f^ £-« a, A o oj 2 5 u ti, c/D .2 £ b 3 s . OJ —I o ii « be 5 C OJ : i-i (U y. C 4_j c H <u OJ H X w QJ > 03 X t3 U5 1-4 h 3 .2 w )-. c t^ w c c — <u 4; e^ Z 23 OJ <U Tj J ^ 3 C r- C '^ ^ >- OJ rt 3 J2 O "J rt ^ bo C - o c > I 03 w a, be 03 Ij oj 03 < .5 w <u . o u 9- S ;5 SI - "2 ° ^ — 3 4J (J • ^ *-' c/5 ra :« • -" O T3 I s- Jii ^ hn O C w n ID i4 03 03 W C/D ^ 03 - h O _ _^ u ir '^ *J c i! c 3 OS i-i tt-c/^ •^ o h £ c Pi C O £ ^ ^ 72 Report of State Treasurer ABSTRACT OF GENERAL FUNDS SHOWING FOR THE FISCAL YEAR Appropriations General Government: General Assembly .— Supreme Court Justices Departmental Expense Printing Reports and Reprints Superior Court, Judges Superior Court, Solicitors Judicial Council Trial Expense —- Governor's Office The Lieutenant Governor Cooperative Supplies Department of Administration Department of Personnel .— Merit System Council Secretary of State State Auditor State Treasurer: State Treasurer Local Government Commission Department of Justice: Attorney General Bureau of Investigation General Statutes Commission Department of Revenue Department of Research Tax Review Board State Board of Elections Commissions and Committees: To make a Study of Agricultural Loan Program for Grain Storage Facilities To Study Public School Education of Exceptionally Talented Children $ 117,278.18 134,000.00 156,283.00 30,000.00 792,000.00 264,000.00 4,800.00 1,987.00 188,349.00 3,100.00 To Study Teacher Merit Pay and Implementation of Curriculum Studies Department of Archives and History Confederate Centennial Commission Carolina Charter Tercentenary Commission To Study the Impact of State Sovereignty upon Financing of Local Governmental Services and functions Advisory Commission for the Museum of Natural History Commission to Study Public Welfare Programs Governor's Commission on International Student's Relations Interstate Co-operation Workman's Compensation 1,921,962.39 174,809.00 53,059.00 102,591.00 262,348.00 168,951.00 85,982.00 174,111.00 415,278.00 16,790.00 4,565,327.00 75,108.00 5,246.00 30,808.00 10,000.00 500.00 10,000.00 2,000.00 6,527.36 Report of State Treasurer 73 APPROPRIATIONS, RECEIPTS AND DISBURSEMENTS ENDING JUNE 30, 1962 Exhibit 2 Transfers Receipts To From Disbursements $ $ $ 19.96 $ 234,184.82 133,632.42 98.24 148,785.08 21,576.61 779,845.05 263,252.01 3,541.41 1,232.60 775.21 189,233.16 674.99 9.60 555,329.12 506.13 29,055.47 95,500.00 2,394,033.70 159,266.01 42,914.30 85,792.08 40.00 100,232.39 3,375.99 251,482.86 731.54 17,351.56 171,011.50 6,378.09 90,272.17 45,267.68 216,516.28 14,105.80 386,039.48 15,259.07 273,010.60 4,664,437.20 73,665.20 12.75 4,613.94 1,704.00 26,474.76 40.96 4,515.16 13.11 202.65 2,259.57 216.74 20.02 1,535.75 1,375.00 1,065.58 1,553.66 1,565.95 74 Report of State Treasurer abstract of general Appropriations Rcorgaiii/ation of State Government Employment of the Physically Handicapped I'o study Revenue Structure of the State Advisory Committee on Education -,_ Bond Election Expenses Continf'cncy and Emergency Legislative Salary Increases (Clearing Accounts): Salary increases to State Employees Subject to Personnel Act Salary Adjustments of State Employees Subject to Personnel Act Retroactive Pay for Employees of Certain Child-C^are Institutions Total General Government 9,875.00 Public SArirv and Regulation: The Adjutant General: Adjutant General's Office Armory Commission State Civil Air Patrol ^ — _ State Civil Defense Agency: State Civil Defense Agency — Department of Motor Vehicles—Automobile Drivers' Financial Responsibility Program „ Utilities Commission Insurance Department: Insurance Department — . State Property Fire Insurance Fund Firemen's Relief Fund Building Code Council _ Department of Labor Industrial Commission State Board of Alcoholic Control Department of Agriculture—Gasoline and Oil Inspection Service Total Public Safety and Regulation Correction: Board of Correction and Training: General Administration Stonewall Jackson Training School State Home and Industrial School for Girls Morrison Training School Eastern Carolina Training School State Training School for Girls Leonard Training School Juvenile Evaluation and Treatment Center Fugitives from Justice State Prison Department Probation Commission Board of Paroles Total Correction 362,239.63 343,992.03 109,551.00 192,904.00 3,484.00 $ 10,795,240.59 503,719.00 109,526.00 15,464.00 150,264.60 291,665.00 289,780.00 410,337.00 250,000.00 1,750.00 7,236.00 572,667.00 313,403.00 483,308.00 394,751.00 $ 3,793,870.60 70 478 335 501 258 225 332 228 6 6,360 547 382 ,796.00 973.00 653.00 079.00 856.00 603.00 396.00 928.00 500.00 004.00 162.00 268.00 $ 9,728,218.00 Report of State Treasurer FUNDS—(Continued) 75 Transfers Receipts To From Disbursements •S 75 92 85 4 50 360,103 69 25,000.00 $ 970,624.45 $ 46,407.03 S 95,519.96 $ 10,788,255.33 $ 78,447.22 $ $ $ 562,302.02 1,279.53 88,943.43 15,838.05 6,696.69 96,857.46 248,372.93 256,744.78 182,986.07 450,888.60 157,637.74 549,525.08 250,000.00 1,750.00 1,331.67 2,066.29 257,029.71 807,268.72 24,276.99 316,053.73 3,445.43 472,327.85 3.199.61 378,588.51 $ 716,330.66 $ 96,857.46 S 506,744.78 $ 3,893,925.21 $ 2,502.13 $ $ $ 68,167.36 60,999.11 506,166.46 31,354.94 349,419.39 48,514.35 519,018.08 31,557.38 276,441.83 20,040.87 232,654.41 28,867.03 354,380.53 17,857.78 210,928.32 3,221.48 8,824,962.21 14,455,616.81 18,893.78 564,548.25 10,502.09 10,890.84 389,786.83 $ 9,096,051.67 $ 10,890.84 $ 5 17,930,349.75 76 Report of State Treasurer abstract of general Appropriations Public Welfare: Department of Public Welfare State Commission for tlie Blind Veterans Commission: Veterans Commission County Service Officers Confederate Women's Home Oxford Orphanage -— _— . Junior Order Children's Home Oxford Colored Orphanage Odd Fellows Home Pythian Home Alexander Schools, Inc Eliada Homes, Inc. Boys Home of North Carolina, Inc. Total Public Welfare 11,306,528.00 1,026,209.00 356,200.00 90,000.00 58,716.00 62,250.00 55,000.00 86,000.00 11,000.00 11,000.00 40,000.00 15,000.00 7,500.00 I 13,125,403.00 Education: Department of Public Instruction: Department of Public Instruction Experimental Program Relating to a Merit Plan or System for Teachers State Board of Education: Nine Months School Fund — State Board of Education Public School Teachers Contingent Salary Supplement Vocational Education Purchase of Free Textbooks Vocational Textile School Purchase of School Buses Administration of State School Plant Construction, Improvement & Repair Fund Vocational Rehabilitation Vocational Education— Industrial Education Centers—Equipment Instruction and Training for Trainable Mentally Handicapped Children - National Defense Education Program Program of Education by Television — Curriculum Study and Research Professional Improvement of Teachers State Board of Higher Education University of North Carolina (Consolidated): General Administration — Long Range Planning Program University of North Carolina: University of North Carolina -. Research Computation Center - — Division of Health Affairs The Woman's College __ 211 675,799.00 40,000.00 ,970,998.00 399,841.00 ,220,140.00 ,600,532.00 ,182,184.00 96,894.00 :,579,428.00 112,719.00 815,584.00 763,200.00 303,724.00 140,577.00 85,050.00 113,214.00 150,000.00 79,856.00 160,290.00 36,052.00 ,529,931.12 98,535.00 ,097,111.00 ,235,804.50 Report of State Treasurer FUNDS—(Continued) 77 Transfers Receipts To From Disbursements 1 , 1,002.07 194,341.17 $ 53,471,863.47 3,846,327.60 $ $ 64,369,291.87 5,064,221.44 611.73 342,221.08 75,749.66 5,298.97 68 060 65 62,250.00 55,000.00 86,000.00 11,000.00 11,000.00 40,000.00 15,000.00 7,500.00 $ 201,253.94 $ 57,318,191.07 $ $ 70,207,294.70 $ 115,048.73 $ $ $ 705,367.36 30,532.80 1 2,901,360.37 $ 6,970,459.00 $ $ 218,911,925.74 2,490.04 335.329.56 7,220,140.00 3,064.66 2,188,998.94 9,020,817.43 197,076.09 1,030,240.87 8,739.57 1,233,387.19 1,025.00 105,728.06 4,040,110.42 3.91 89,760.54 111,380.22 2,085,656.95 3,052,603.78 320,205.21 269,182.29 8,370.93 74,199.94 48,081.08 93,211.37 247.74 77,603.57 99,645.83 13.20 63,033.96 15,319.00 151,250.99 198.35 8,898,373.07 24,536.88 14,615,762.70 341,091.69 415,447.67 1,888,698.79 4,779,664.41 5,828,411.97 12,159,303.63 78 Report of State Treasurer abstract of general Appropriations State College of Agriculture and Engineering East Carolina College The Agricultural and Technical College Western Carolina College .„ Appalachian State Teachers College Pembroke State College Winston-Salem Teachers College Elizabeth City State Teachers College .___ Fayetteville State Teachers College North Carolina College at Durham North Carolina School for the Deaf State School for the Blind and the Deaf Student Loan Funds: Medical Care Conmiission—Medical Education State Board of Education—Teacher Education N. C. Educational Radio and Television Commission: Educational Radio and Television Commission University of N. C—General Administration- Station WUNC-TV University of N. C.-Station WUNC-TV State College-Station WUNC-TV The Woman's College-Station WUNC-TV Department of Archives and History State Library: State Library .— State Aid to Public Libraries State Art Museum N. C. Symphony Society, Inc. Old Salem, Inc. Highlands Biological Station, Inc. Moore's Creek Battleground Association Southern Appalachian Historical Association Charles B. Aycock Memorial Commission Richmond Temperance and Literary Society Commission Robert Lee Doughton Memorial Commission N. C. Confederate Centennial Commission Carolina Charter Tercentenary Commission Department of Administration Community Colleges Reserve for Higher Education Examination Program Reserve for Increased College Enrollment Reserve for Higher Education—To Replace Contributions by Auxiliary Services to Academic Expense Commission on the Study of the Manner of Selection of Boards of Education in County and City School Units Governor's Commission on Education Beyond High School Total Education 6,540,498.00 2,407,912.10 1,610,846.21 1,089,170.45 1,293,471.50 279,928.00 564,819.00 487,067.00 455,010.75 1,432,194.80 1,097,152.00 1,023,826.00 175,000.00 487,500.00 77,603.00 65,385.00 63,672.00 44,215.00 667,364.00 150,984.00 466,519.00 167,922.00 75,000.00 35,000.00 3,750.00 500.00 10,000.00 22,000.00 25,000.00 61,360.00 61,900.00 434,919.00 6,300.00 46,115.00 275,000.00 4,650.00 26,000.00 $270,223,017.43 Report of State Treasurer 79 FUNDS—(Continued) Transfers Receipts To From Disbursements 3,040,150.19 5 094 137 10 3,019,007.61 5 382 655 07 2,481,702.01 3 939 964 67 1,582,399.70 2,333,034 38 2,168,785.06 3,384 587 32 205,173.53 478,688.69 619,870.99 1,104 300 79 486,023.76 968,588.67 498,858.43 951,555 70 1,663,736.37 3,073,472.57 84,577.82 1,100,245 97 89,340.07 1,037,800.55 175,000.00 487,500.00 3.92 9,497.77 81,148.71 15,147.25 75,095.79 760.62 62,606.32 20,777.00 60,276.70 30,557.92 161,000.00 526,486 37 8,022.39 150,904.01 451,282.52 2,236.55 164,998.60 75,000.00 35,000.00 3,750.00 500.00 10,000.00 5,000.00 9,200.00 100.00 51,098.37 40,385.38 281,650.51 14,645.00 528.80 18,206.99 1 37,619,710.71 $ 11,246,139.89 1 7,394,510.93 $ 302,089,764.48 80 Report of State Treasurer abstract of general Appropriations Non-Highway Transportation: State Ports Authority Total Non-Highway Transportation Health and Hospitals: State Board of Health Medical Care Commission: Medical Care Commission—Administration Indigent Care I 199,527.00 $ 199,527.00 $ 3. University of North Carolina: Memorial Hospital—Psychiatric Center Memorial Hospital Hospitals Board of Control: General Administration Alcoholic Rehabilitation Program Dorothea Dix Hospital Broughton Hospital ___ Western Carolina School Cherry Hospital O' Berry School John Umstead Hospital Murdock School Caswell School North Carolina Orthopedic Hospital North Carolina Cerebral Palsy Hospital North Carolina Sanatorium System: General Administration North Carolina Sanatorium Western North Carolina Sanatorium Eastern North Carolina Sanatorium Gravely Sanatorium North Carolina Cancer Institute Asheville Orthopedic Hospital Total Health and Hospitals Natural Resources and Recreation: Department of Conservation and Development: Department of Conservation and Development Division of Commercial Fisheries Division of Commercial Fisheries- Shellfish Division State Planning Program Kerr Reservoir Development Commission— Nutbush Conservation Area Department of Water Resources Governor's Scientific Advisory Committee Commercial Fisheries Advisory Board Atlantic States Marine Fisheries Commission N. C. National Park, Parkway and Forest Development Commission 854,517.00 102,444.00 632,340.00 ,733,563.00 296,253.00 253,255.00 ,158,768.00 ,043,522.00 130,000.00 ,579,595.00 ,379,399.00 ,113,718.00 ,510,927.00 ,604,122.00 537,465.00 221,711.00 43,602.00 ,288,740.00 ,136,454.00 ,437,725.00 506,569.00 26,000.00 75,000.00 $ 33,665,689.00 ,288 237 ,507.00 ,154.00 110,748.00 32 550 15 2 1 ,339.00 ,905.00 ,000.00 ,000.00 ,500.00 8,113.00 Report of State Treasurer FUNDS—(Continued) 81 Transfers Receipts To From Disbursements 1 1,562.57 $ :.„ $ $ 192,607.72 $ 1,562.57 $ $ . $ 192,607.72 1 345,959.35 $ 2,831,160.08 $ $ 6,923,425.40 35.30 101,436.88 490.50 458,430.02 880,851.89 3,066.289.34 4,702,236.59 3,453.97 204,732.39 45,800.68 238,984.07 855,404.45 4,934,042.46 761,007.20 4,646,389.69 584,649.78 3,966,986.02 48,868.20 1.107,369.62 1,099,007.40 3,969,020.44 285,461.39 2,596,420.82 436,720.68 2.787,053.76 48,562.56 535,428.23 18,948.59 215,484.65 43,062.39 327,403.18 1,599,892.36 1,265,238.64 164,755.10 1,603,026.80 209,481.90 542,437.01 41,612.11 26,000.00 75,000.00 1 8,801,851.20 $ 2,831,160.08 $ $ 42,965,010.61 $ 1,930,520.83 110,305.47 $ $ 4,872,495.75 315,728.07 10,500.05 102,654.89 402.51 2,573.52 2,418.74 32,343.73 68,937.42 132,529.00 779,868.61 2,000.00 789.16 1,500.00 7,371.35 82 Report of State Treasurer abstract of general Appropriations Institute of Fisheries Research—University of North Carolina ___ Industrial Extension Service of North Carolina State College Rural Electrification Authority ._ North Carolina Recreation Commission Bennett Memorial Confederate Museum Confederate Cemetery North Carolina Battleship Commission - Tryon Palace—Department of Archives and History _ Garden Clubs of North Carolina, Inc.—The Elizabethan Garden Daniel Boone Association Brevard Music Foundation, Inc. .___ Total Natural Resources and Recreation Agriculture: Department of Agriculture: Contribution from General Fund State Meat and Poidtry Inspection Agricultural Experiment Station—State College -. Cooperative Agricultiiral Extension Service- State College State Soil Conservation Committee Total Agriculture —_ Retirement and Pensions: Teachers and State Employees Retirement System: Administration State Contributions Teachers and State Employees Who Had Attained Age 65 at August 1, 1959 Law Enforcement Officers Benefit and Retirement Fund—Contributions from General Fund North Carolina Firemen's Pension Fund- Administration Pensions—Confederate Widows Pensions—Widows of Governors Total Retirement and Pensions Debt Service: Interest on Bonds Redemption of Bonds Expense of Bond Sale Interest on Bond Anticipation Notes Interest on Tax Anticipation Notes ... Landscrip Fund Total Debt Service 97,159.00 101,061.00 71,885.00 97,175.00 50.00 200.00 350.00 9,966.00 75,551.00 4,300.00 10,000.00 7,500.00 $ 4,721,463.00 2,225,845.00 155,839.00 2,457.554.00 2,802,391.00 134,639.00 $ 7,776,268.00 25 299,264.00 185,419.00 230,620.00 18,028.00 252,449.00 126,126.00 12,000.00 $ 26,123,906.00 3,758,045.00 7,230,000.00 17,301.56 7,874.00 100,000.00 7,500.00 $ 11,120,720.56 Report of State Treasurer FUNDS—(Continued) 83 Transfers Receipts To From Disbursements 15,766.65 94,725 10 780.00 93,279 36 129.78 56,106 15 452.83 90,432.83 50.00 200.00 350.00 11,118.66 47,118.71 113,266.24 4,300.00 i 10,000.00 1 7,500.00 $ 2,187,332.99 $ 132,529.00 $ . $ 6,598,653.42 1 $ $ $ 1,563,840.35 753.65 43,193.94 328,328.72 2,282,417.00 3,042,112.96 4,913,947.14 155,718.66 5,535,333.15 129.214.72 $ 484,801.03 $ 5,324,529.96 S 5 12,185,529.30 $ 4,924.12 $ 42,500.00 $ $ 326,010.12 25,185,419.00 227,324.07 16,737.99 235,000.00 17,728.28 91,692.00 11,750.00 $ 4,924.12 $ 42,500.00 1 25,437,156.99 $ 674,504.47 $ 1 1 3,041,172.86 6,830,000.00 17,301.56 7,873.62 7,500.00 $ $ $ 9,888,474.42 15,373.62 84 Report of State Treasurer abstract of general Appropriations Capital Improvements: Capital Improvements Fund of 1961 (Clearing Account) Total Capital Improvements Total General Fund I 1,860,200.00 $ 1,860,200.00 $393,133,523.18 ^& Report of State Treasurer FUNDS—(Continued) 85 Receipts Transfers To From Disbursements $ $ $ 1,860,200.00 3 $ $ 1,860,200.00 $ 60,084,443.34 $ 77,049,205.33 $ 45,182,607.08 1 467,541,268.61 86 Report of State Treasurer SPECIAL Cash Balance July 1, 1961 General Government: Department of Administration: State Surplus Commodities and Public Printing and Cooperative Supplies Federal Surplus Property Central Motor Pool Local Government Commission—Law Publications Revolving Fund Tort Claims Liabilities, General Fund .— Total General Government Public Safety and Regulation: Highway Fund Accounts: Department of Motor Vehicles: Drivers License Examination Special Fund Safety Responsibility Depository Account Dealers-Manufacturers License Fund Bus Regulation Depository Account Lien Recording Fund Gasoline and Oil Inspection Fund Commissioner of Banks Burial Association Commission State Board of Barber Examiners State Board of Cosmetic Art State Board of Opticians Professional Engineers and Land Surveyors —.. Insurance Department: State Property Fire Insurance Fund Workmen's Compensation Security Fund; Mutual Account Stock Account Publications Fund Firemen's Relief Fund N. C. Firemen's Pension Fund State Civil Defense Agency: Hurricane Disaster Relief—Federal Contribution to Local Units—Federal Fall-out Shelter Survey—Federal Industrial Commission—Second Injury Fund „. Land Titles, Assurance of Total Public Safety and Regulation .. Correction: Prison Department: Mental Health Project—Federal Central Services Revolving Fund Prison Enterprises Revolving Fund Total Correction 129,547.42 110,614.20 114,221.43 974.65 3.32 355,361.02 280,074.01 12,152.97 146,360.42 47,361.43 441,696.64 25,337.21 46,308.52 131,531.81 10,940.22 98.10 79,048.93 9,812.43 11,576.88 14,830.68 44,828.45 455.00 529,631.38 39,976.11 2,226.57 50,601.98 2,980.21 1,927,829.95 6,329.52 364,301.40 726,834.42 1,097,465.34 Report of State Treasurer FUNDS 87 Exhibit 3 Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1962 $ 313,641.85 $ $ • 23,535.51 S 389,488.13 356,187.82 1,257,431.92 1,241.11 S 30.168.63 393,524.08 147,950.46 1,162,168.43 2,169.50 90,000.00 10,890.84 98,067.10 1,903.04 3.32 $ 1,871,506.86 $ 90,000.00 $ 34,426.35 5 2,004,348.98 $ 278,092.55 $ 1,943.669.15 $ § 1,614,136.55 $ 2,906.75 13,792.52 266.00 4,643.90 192.00 $ 606,699.86 14,987.00 13,347.45 81,068.39 76,659.42 150,503.39 3,300.00 46,017.53 44,783.25 30,000.00 5,301,561.72 14,591.25 5,301,561.72 286,873.60 261,723.73 59,267.74 56,958.41 76,877.03 1,956.99 90.10 977,469.57 61,374.48 79,695.23 7,629.00 134,271.69 466,846.51 56,595.00 22,664.47 55,945.50 45,295.61 95,098.50 149,753.28 2,055.00 11,038.23 8.00 848,749 37 250,000.00 200,328.73 55,925.00 4,362.95 73,250.00 5,131.65 7,951.00 15,152.68 149,473.57 60,030.33 455.00 531 143 76 919,401.27 182,678.98 2,226.57 22,790.62 141,373.87 292,766.87 96,857.46 53,206.54 15 347 87 43,159.23 179.64 3,159.85 $ 9,860,724.19 $ 250,000.00 $ 7,119,215.15 $ 2,866,212.58 $ 2,053,126.41 1 21,451.00 4 049,163 89 $ $ $ 20,257.07 3,931,067.96 6,580,168.64 $ 7,523.45 482,397.33 6,973,075.55 1,119,741.33 $ 11,043,690.44 $ $ $ 10,531,493.67 $ 1,609,662.11 Report of State Treasurer SPECIAL FUNDS Cash Balance July 1, 1961 Public Welfare: Department of Public Welfare: Old Age Assistance Aid to Dependent Children Aid to Permanently and Totally Disabled Hospitalization of Assistance Recipients Child Welfare Services—Federal Disability Determinations—Federal _— Homemaker Services to the Aged .— ._ — State Commission for the Blind: Blind Aid—Federal Blind Aid—Administration—Federal Blind Aid—County Vocational Rehabilitation— Federal Confederate Women's Home—Trust Fund Account Total Public Welfare Education: State Board of Education: Administration of School Plant Construction, Improvement and Repair Fund State Literary Fund Department of Education—Special Fund State Textbook Commission Commercial Education and Trade Schools Fund Community School Lunchroom Program Veterans Training Program Public School Insurance Fund - Vocational Education—Federal _- Vocational Textile School—Federal - Better Roads and Schools Trust Fund Student Loan Fund—Teacher Education Student Loan Fund—Rodman Trust Fund Resource—Use Education Commission Health Education—Rockefeller Foundation Stonewall Jackson Memorial Fund National Defense Education Program Driver Training and Safety Education Fund Medical Care Commission—Medical Education Loan Fund University of North Carolina: General Administration—Overhead Receipts University Enterprises University of N. C—Overhead Receipts Escheat Refund Account State College of Agriculture and Engineering: Self-Liquidating Dormitories Fund Overhead Receipts Operation of Coliseum 1,736,605.65 1,770,051.74 796,302.78 719,214.23 65,589.71 19,173.86 2,858.38 43,594.24 19,969.65 16,633.24 35,701.61 774.78 5,226,469.87 1 556 82 1,160 8 1,148 124 566 169 178 33 2 1,057 2,885 283 ,512.50 ,114.29 194.04 ,550.50 640.48 180.40 ,172.46 ,033.80 ,143.99 10.93 750.00 ,209.85 ,364.13 389.96 394.45 ,640.21 ,998.93 ,596.07 ,505.30 32,124.45 1,096,795.13 (15,248.26) 35.65 23,144.47 269,909.58 7,222.78 Report of State Treasurer 89 —(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1962 $ 21,939,931.88 $- - $ 21,625,641.64 23,945,924.22 11,058,592.47 $ 4,115.31 4,114.43 4,114.39 4,390,637.86 648,497.06 624,703.62 51,542.57 $ 2,046 780.58 24,606,077.22 2,426,090.31 11,304,649.75 1,225,760.48 "37l64;88"8r71 " 1,038,245.67 719,225.56 632,491.77 49,584.42 653,319.08 20,939.28 26,850 04 35,737.60 14,345.43 1,398.84 2,945,061.26 2,713,247.38 49,223.26 570,287.83 565,961.24 275,408.12 1,678.08 569,386.18 42,315.19 14,739.66 15,731.59 578,728.12 48,468.49 774.78 $ 64,492,821.42 $ 3,221,549.33 $ 60,549,817.32 1 5,727,725.24 $ 6,663,298.06 $ $ - --- $ $ ? 1,512.50 1,831,082.35 1,456,420.42 29,290.67 2,500,972.56 5,446.84 5,317,778.93 119,738.33 2,704,572.29 2,005.00 3,000.00 930,776.22 15,726.85 68,630.22 2,256,961.28 916,539.22 1,500.00 4,693.64 5,521,692.47 1,352,093.94 42,421.99 46,856.12 2,698,247.53 559,709.04 4,630,910.18 4,019,120.39 1,025.00 778,928.78 4,740.18 726.11 100.00 850.00 531,492.16 450,287.61 39,781.74 1,838.35 105.43 3,027.81 2,361,846.66 1,580,993.10 156,463.00 33,347.79 5,206,116.61 430,667.27 6.43 67.283.72 223,417.69 118,260.20 259,414.40 40,770.00 34,352.39 2,735.50 1,287.11 289.02 387.60 2,395,673.60 1,784,317.00 8,370.93 5,854.50 1,094.342.30 3,088,919.97 270,531.81 397,574.11 21,055.12 19,831.78 5,110,576.92 1,001,255.44 701,300.43 255,384.90 6.43 35.65 111,014.41 66,875.16 310,933.13 357,425.02 125,370.23 14,332.81 90 Report of State Treasurer SPECIAL FUNDS Cash Balance July 1, 1961 The Woman's College: Overhead Receipts East Carolina College—Camp Lejeune Branch Agricultural and Technical College- Overhead Receipts Appalachian State Teachers College- Overhead Receipts N. C. College at Durham—Overhead Receipts Museum of Art State Library—Federal Aid State Library—Library Community Project N. C. Library Commission—American Heritage Project Total Education 2,172.00 6,024.33 1,990.31 12,434.36 102,735.51 649.62 8^ $ 9,799,400.72 Highway Funds: Tax Revenue Miscellaneous and Federal Aid Highway Fund Gasoline Tax, Debt Service—Secondary Road Fund Total Highway Funds 68,625,463.37 15,134,568.22 83,760,031.59 Heatlh and Hospitals: State Board of Health: Federal Funds Bedding Fund Medical Care Commission: Hospital Construction—Federal Hospital Survey—Federal Hospitals Board of Control: Mental Health Fund - Alcoholic Rehabilitation Program—Research in Alcoholism Ruth Bond Bizzell Fund for Treatment of TB at McCain, North Carolina State Board of Health—Cancer Control Total Health and Hospitals 471,863.00 31,545.19 175,222.19 2,702.48 181.43 6,621.24 10,362.77 61.00 698,559.30 Natural Resources and Recreation: Department of Conservation and Development: Kerr Reservoir Development Commission Soil Bank Program—Federal State Planning Program—Community Planning Watershed Project Wildlife Resources Commission Wildlife Resources Commission—Motorboat Section Department of Water Resources—Federal -— Research in Economics and Fisheries Industry (UNC) Tennessee Valley Authority Forest Reserve Fund - Federal 75% Receipts from Flood Control Lands Total Natural Resources and Recreation 1,585.32 54,918.12 7,094.90 5,885.03 617,830.81 115,933.80 4,641.81 16,627.12 824,516.91 Report of State Treasurer 91 —(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1962 $ 11,486.74 75,420.00 5 $_ _ $ 1,042.50 58,434.60 S 12,616.24 23,009.73 3,999.09 5,989.40 10,358.61 10,358.61 8,755.78 8,755.78 60,721.85 57,848.91 512,563.56 633.34 8.50 15,307.30 533,181.89 123,353.84 16.28 $ 29,113,471.13 $ 8,370.93 S 4,025,999.89 $ 23,443,199.86 $ 11,452,043.03 $ 134,834.198.10 49,402,690.88 S 3,787,029.94 $ 184,236,888.98 S 3,787,029.94 $ 1199,714,095.58 1 56,935,286.71 16,106,413.19 12,316,750.00 18,924,231.41 $ 200,343,302.17 § 3,787,029.94 3 12,316,750.00 5199,714,095.58 S 75,859,518.12 $ 3,130,639.76 $ $ 2,794,072.37 37,087.71 $ $ 808,430.39 35,282.25 6,137,388.24 29,739.73 5,962,166.05 2,702.48 9.894.92 8,544.46 9,895.20 10,362.77 1,531.89 6,957.00 3,683.04 61.00 $ 9,144,939.98 $ $ 2,831,160.08 S 6,166,190.67 S 846,148.53 § 8,509.01 .^ $ $ 8,585.97 54,918.12 143,979.01 5,886.53 2,925,422.41 133,649.00 $ 1,508.36 168,275.63 31,391.52 1.50 2,977,927.24 670,335.64 128,088.00 110,372.80 132,529.00 132,529.00 158.00 105,433.12 132,650.65 2,876.44 4,483.81 104,132.92 15,326.92 132,650.65 2,876.44 $ 3,654,990.39 $--- $ 132,529.00 S 3,513,559.25 $ 833,419.05 92 Report of State Treasurer SPECIAL FUNDS Cash Balance July 1, 1961 Agriculture: Agriculture Fund: Department of Agriculture Total Agriculture Fund - 70,092.16 70,092.16 Other Agriculture Accounts: N. C. Milk Commission _ Department of Agriculture: State Warehouse System—Supervision — _ State Warehouse System—Principal Fund Cooperative Inspection Service Egg Inspection Service Structural Pest Control — Voluntary Poultry Inspection Credit Union Supervision North Carolina State Fair Distribution of Surplus Commodities Sheep Distribution Project Emergency Hay Program—Federal Research and Marketing—Federal Special Depository Account Voluntary Inspection of Meat Operation of Farmers' Market Research Station Woodland Management Agricultural Experiment Station—State College: Agricultural Experiment Station—Federal Agricultural Experiment Station—Gift Account Cooperative Agricultural Extension Service—State College: Smith-Lever—Federal Funds Total other Agriculture Accounts 96,746.11 10,374.47 17,765.23 256.968.15 13,971.54 18,236.18 2,161.70 29,052.84 138,727.11 84,144.89 44,984.63 31.70 18,634.04 5,000.00 14,558.01 11,652.33 341,229.45 166,357.15 1,270,595.53 Employment Security Commission: Employment Security Commission: Administration Account Special Unemployment Compensation—Administration -. Claims and Benefits Account Clearing Account Unemployment Compensation—Federal Employees—UCX Area Redevelopment Act Unemployment Compensation—Temporarily Extended Benefit Account Total Employment Security Commission 531,718.93 292,721.63 588,547.35 26,344.29 465,523.50 2,933,795.00 4,838,650.70 Retirement and Pensions: Teachers and State Employees Retirement System: Teacher and State Employees Retirement System—Retirement Fund Local Governmental Employees Retirement System Social Security Program Law Enforcement Officers Benefit and Retirement Fund 144,008.68 144,817.46 1,999,273.38 157,969.91 Report of State Treasurer 93 —(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1962 $ 2,998,601.73 $ $ 1 2.941,396.39 $ 127,297.50 $ 2,998,601.73 $ $ $ 2,941,396.39 $ 127,297.50 1 127,476.56 $ $ $ 106,840.52 42,906.04 105,900.82 454,937.33 26,000.01 18,440.41 $ 117,382.15 38,771.68 6,240.11 98,821.11 10,685.52 488,889.84 290,920.66 25,711.68 13,683.21 18,424.00 18,219.77 2,161.70 57,811.58 52,028.03 393,331.67 172,181.98 32,241.81 31.70 47,300.00 500.00 78,142.47 63,424.13 34,836.39 389,354.43 134,749.87 193,868.90 105,831.81 49,681.71 62,424.53 60,717.98 32,052.02 1,500.00 6,000.00 81,376.04 17,791.58 70,218.07 6,793.94 18,682.51 18,682.51 $ 1,304,986.00 $ $ 1,220,139.86 1,062,277.14 3,042,112.96 $ $ 96,498.47 1,059,439.34 338,391.65 2,903,821.03 28,065.22 $ 6,989,552.46 $ 1 5,324,529.96 $ 1,594,206.92 $ 1,341,411.11 S 6,945,767.85 $ $ $ 7,062,302.36 995.99 38,497,534.53 37,393,656.60 2,216,530.50 7,890.00 8,514,086.00 $ 415,184.42 61,113.58 352,839.22 38,495,001.24 586,014.06 37,405,679.47 38,367.16 1,785,235.00 34,228.00 30,976.00 23,086.00 5,812,333.00 232,042.00 $ 90,536,106.14 1 $ $ 93,692,995.98 $ 1,681,760.86 $ 70,349,041.34 10,256,575.28 $ 25,185,419.00 $ 8,082,347.92 42,500.00 $ 87,743,987.92 10,088,824.79 28,244,699.42 3,020,357.99 $ (147,866.82) 270,067.95 20,532,144.97 8,082,347.92 16,737.99 2,369,066.85 3,030,128.42 184,478.33 94 Report of State Treasurer SPECIAL FUNDS Cash Balance July I, 1961 Spanish American War Veterans N. C. Firemen's Pension Fund . Total Retirement and Pensions Dert Service: Bond Redemption: Highway Fund Bond Redemption General Fund Bond Redemption TVA—Swain County Bond Redemption Bond Interest: Highway and General Fund Bond Interest Highway Fund—Interest—Old Accounts General Fund—Interest—Old Accounts Jones County—Bond Interest Debt Service Reserve: Debt Service Reserve—Appalachian State Teachers College Debt Service Reserve—Western Carolina College Total Debt Service Total Special Funds 4,211.01 794,130.00 $ 3,244,410.44 9,079,000.00 3,974,100.00 119.04 1,622,245.74 84,538.80 43,569.51 18.76 28,244.73 176,249.30 $ 15,008,085.88 $128,121,469.41 Report of State Treasurer 95 —(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1962 1,000.00 705,159.94 3,211.01 255,620.00 235,000.00 579,590.06 $ 104,423,510.01 $ 33,519,504.91 $ 8,124,847.92 $129,804,030.06 $ 3,258,547.38 $ .... $ 12,200,000.00 10,553,000.00 , $ 17,233,000.00 13,918,000.00 $ 4,046,000.00 609,100.00 119.04 76.25 5,873,804.00 6,293,626.01 1,202,499.98 84,538.80 43,569.51 18.76 16,086.00 44,330.73 660.88 176,910.18 $ 16,823.13 $ 28,626,804.00 $ $ 37,621,536.19 $ 6,030,176.82 $ 534,490,040.05 $ 69,503,259.11 $100,459,275.67 $519,620,991.37 $112,034,501.53 96 Report of State Treasurer CAPITAL Cash Balance July 1, 1961 1,035,806.63 21.89 86,886.83 44,329.49 16,507.49 25,933.24 93,579.18 86,093.24 3,077,079.42 879,732.61 State Board of Education Industrial Education Center Equipment Laws 1959-Bond (Voted) _^ N. C. Vocational Textile School Laws 1947 - - - University of North Carolina Laws 1 94 7 - -- Laws 1 953-Bond Laws 1957 - Laws 1 957-Bond Laws 1959 .- Laws 1959—Division of Health Affairs .— Laws 1959-Bond (Voted) -__. ___ Laws 1959—Bond (Voted)—Division of Health Affairs Laws 1961—Enterprises— (Own Receipts) Laws 1961—Bond—Division of Health Affairs Laws 1961—Bond—Academic Affairs State College of A Sc E Laws 1947 Laws 1 949 Laws 1949—Agricultural Experiment Station Laws 1953 Laws 1953—Agricultural Experiment Station Laws 1 953-Bond Laws 1957 Laws 1957—Agricultural Experiment Station Laws 1 957-Bond Laws 1957- (Code 65902) Special Bills Laws 1959 Laws 1959—Agricultural Experiment Station Laws 1959-Bond (Voted) Laws 1959—Bond (Voted) Agricultural Experiment Station Laws 1 96 1 -Bond Woman's College of the University of N. C. Laws 1957 -^ Laws 1 957-Bond Laws 1959 Laws 1959-Bond (Voted) Laws 1 96 1 -Bond Elizabeth City State Teachers College Laws 1957 Laws 1959 Laws 1959-Bond (Voted) Laws 1961 Laws 1 96 1 -Bond Fayetteville State Teachers College Laws 1 959 Laws 1 96 1 Laws 1 96 1 -Bond 1,459,000.00 266,000.00 2,984.53 3,434.52 104.84 1,365.24 989.16 2,363.18 633,601.00 2,943.49 504,116.88 13,871.62 369,214.04 30,623.50 3,651,640.49 78,970.88 451,000.00 142,324.27 43,091.55 309,329.40 361,447.72 29,000.00 4,302.73 201,854.77 26,781.95 46,000.00 8,216.14 204,000.00 Report of State Treasurer IMPROVEMENT FUNDS 97 Exhibit 4 Cash Transfers Disbursements Receipts To From June 30, 1962 $ 1,655.41 $ 1 $ 455,586.80 $ 581 875 24 21 89 143,534.66 176,258.37 45,699.66 8,984.31 7,990.02 190.072.59 576,723.40 1,495,602.23 1,016,877.27 304,705.47 10,000.00 41,334.70 54,163.12 1,515.50 145.33 39.60 7,562.78 17,943.22 155,208.96 58,715.55 536,607.93 45,977.77 282,786.00 1,864,263.19 372,382.00 235,237.34 422,254.45 117,548.98 97,500.00 1,546,500.00 171,134.95 395,800.25 2,984.53 2,814.73 619.79 104.84 1,365.24 989.16 80.21 17.50 277,475.77 2,383.50 476,352.22 13,754.31 328,142.87 30,918.70 744,696.38 98,318.09 31,245.04 86,140.45 39,183.40 77,755.47 360,549.80 10,101.94 2,345.68 356,205.44 559.99 27,764.66 117.31 78,229.17 119,300.34 295.20 326,815.00 3,233,759.11 24,592.00 5,244.79 12,000.00 431,754.96 9,000.00 65,183.82 2,280.85 6,189.00 10,605.82 242,179.75 897.92 32,000.00 50,898.06 4.302.73 75,175.39 222,802.49 9,166.02 48,000.00 10,000.00 10,330.93 3,036.75 7,145.06 54,227.67 1,113.68 18,729.61 48,000.00 36,000.00 3,000.00 885.21 22,000.00 18,963.25 196,854.94 98 Report of State Treasurer capital improvement Cash Balance July 1, 1961 Western Carolina College Laws 1947 Laws 1953-Bond Laws 1957 Laws 1957-Bond Laws 1959 Laws 1959-Bond (Voted) Laws 1961 -Bond East Carolina College Laws 1953 Laws 1957 Laws 1957-Bond Laws 1959 Laws 1959-Bond (Voted) Laws 1961 Laws 1961 -Bond Winston-Salem Teachers College Laws 1947 Laws 1949 Laws 1953 Laws 1953-Bond Laws 1957 Laws 1959 Laws 1959-Bond (Voted) Laws 1961 -Bond Appalachian State Teachers College Laws 1947 Laws 1949 Laws 1953 Laws 1953-Bond Laws 1957 Laws 1957-Bond Laws 1959 Laws 1959-Bond (Voted) Laws 1961 -Bond Pembroke State College Laws 1947 Laws 1949 Laws 1953 Laws 1957 Laws 1959 Laws 1959-Bond (Voted) Laws 1961 -Bond Agricultural and Technical College Laws 1949 Laws 1957 Laws 1959 Laws 1959-Bond (Voted) Laws 1961 Laws 1961-Bond 7,792.94 158.98 3,724.32 2,015.32 73,906.68 975,797.13 63,000.00 153.79 69,081.08 5,775.86 3,740.78 ,184,393.13 108,500.00 48,301.02 19,639.45 33,000.00 12,971.51 128,361.58 153,173.51 150,000.00 195,000.00 4,110.88 10,922.03 20,336.86 8,173.63 230,588.15 486,769.24 144,472.30 ,444,224.59 34,500.00 33.40 856.04 215.04 213.65 6,857.50 5,756.43 88,500.00 16,011.72 9,908.88 88,673.63 836,495.44 80,500.00 Report of State Treasurer 99 FUNDS—(Continued) Cash Transfers Disbursements Cash Balance Receipts To From June 30, 1962 378 00 8,170.94 158.98 337.18 1,479.64 15,201.08 95,019.27 3,387.14 535.68 58,705.60 11,079.73 891,857.59 63,000.00 153.79 65,728.00 206.17 3,946.95 899,856.90 24,035.94 70,654.55 3,353.08 5,569.69 206.17 118,850.00 403,386.23 37,000.00 12,964.06 37,845.45 48,301.02 19,639.45 33,000.00 100.00 78,280.03 43,500.00 132,436.81 8,928.15 12,871.51 50,081.55 109,673.51 17,563.19 96,500.00 282,571.85 4,110.88 990.75 9,931.28 20,336.86 8,173.63 230,588.15 411,603.30 45,281.38 269,196.18 75,165.94 11,984.35 111,175.27 28,655.00 1,203,683.41 34,500.00 33.40 544.20 311.84 215.04 213.65 6,857.50 599.62 52,734.27 16,011.72 4,276.18 10,525.83 309,003.46 5,156.81 35,765.73 5,632.70 78,147.80 16,161.72 543,653.70 36,500.00 36,500.00 4,906.00 22,779.90 62,626.10 100 Report of State Treasurer capital improvement Cash Balance July 1, 1961 N. C. College at Durham Laws 1 957 — - — Laws 1 959 - - Laws 1 96 1 -Bond State School for the Blind and Deaf Laws 1 957 Laws 1 959 -. Laws 1959-Bond (Voted) Laws 1 96 1 -Bond .-- N. C. School for the Deaf Laws 1 957 Laws 1 957-Bond _..... Laws 1 959 Dorotiiea Dix Hospital Laws 1 953-Bond Laws 1 957 ...- Laws 1 959 Laws 1959-Bond
Object Description
Description
Title | Biennial report of the Treasurer of North Carolina |
Other Title | Report of the Treasurer of North Carolina |
Contributor |
North Carolina. Department of State Treasurer. |
Date | 1960; 1961; 1962 |
Subjects |
Finance, Public--North Carolina--Periodicals Local finance--North Carolina--Periodicals North Carolina. Department of State Treasurer |
Place | North Carolina, United States |
Time Period | (1954-1971) Civil Rights era |
Description | Description based on: 1882/1884. |
Publisher | [Raleigh, N.C. :The Dept.,-1976. |
Agency-Current |
North Carolina Department of the State Treasurer |
Rights | State Document see http://digital.ncdcr.gov/u?/p249901coll22,63754 |
Physical Characteristics | v. ;23 cm. |
Collection | Health Sciences Library. University of North Carolina at Chapel Hill |
Type | text |
Language | English |
Format |
Reports |
Digital Characteristics-A | 6418 KB; 146 p. |
Digital Collection |
Ensuring Democracy through Digital Access, a North Carolina LSTA-funded grant project North Carolina Digital State Documents Collection |
Digital Format | application/pdf |
Title Replaced By | North Carolina. Department of State Treasurer..Annual report |
Title Replaces | North Carolina. Treasurer..Biennial report of the Public Treasurer of North Carolina |
Audience | All |
Pres File Name-M | pubs_edp_biennialreporttreasurer19601962.pdf |
Pres Local File Path-M | \Preservation_content\StatePubs\pubs_edp\images_master\ |
Full Text |
THE LIBRARY OF THE
UNIVERSITY OF
NORTH CAROLINA
THE COLLECTION OF
NORTH CAROLINIANA
C336
N87t
1960/62
UNIVERSITY OF N.C. AT CHAPEL HILL
00033968449
This book must not
be taken from the
Library building.
ifua
BIENNIAL REPORT
TREASURER OF NORTH CAROLINA
FISCAL YEARS ENDED
JUNE 30, 1961 AND 1962
^
BIENNIAL REPORT
OF THE
TREASURER OF NORTH CAROLINA
FOR
FISCAL YEARS ENDED
JUNE 30, 1961 AND 1962
EDWIN GILL
STATE TREASURER
Digitized by the Internet Archive
in 2011 with funding from
Ensuring Democracy through Digital Access (NC-LSTA)
http://www.archive.org/details/bienniatreasr19601962nc
PUBLIC TREASURERS OF NORTH CAROLINA
From To
Richard Caswell, Northern District 1775 1777
Samuel Johnston, Southern District 1775 1777
Memuncan Hunt 1777 1787
John Haywood 1787 1827
William S. Robards 1827 1830
William S. Mhoon 1830 1835
Samuel T. Patterson 1835 1837
Daniel W. Courts 1837 1839
Charles L. Hinton 1839 1843
John W. Wheeler 1843 1845
Charles L. Hinton 1845 1851
Daniel W. Courts 1851 1863
Jonathan Worth 1863 1865
Jonathan Worth, Provisional Treasurer June 12, 1865 Nov. 16, 1865
William Sloan Nov. 16, 1865 Jan. 1, 1866
Kemp B. Battle Jan. 1, 1866 July 8, 1868
David A. Jenkins July 8, 1868 Nov. 22, 1876
John M. Worth Nov. 22, 1876 Jan. 21, 1885
Donald W. Bain Jan. 21, 1885 Nov. 16, 1892
Samuel McD. Tate Nov. 16, 1892 Jan. 23, 1895
William H. Worth Jan. 23, 1895 Jan. 15, 1901
Benjamin R. Lacy Jan. 15, 1901 Feb. 21, 1929
Nathan O'Berry Feb. 23, 1929 Jan. 6, 1932
John P. Stedman Jan. 7, 1932 Nov. 21, 1932
Charles M. Johnson Nov. 21, 1932 Jan. 6, 1949
Brandon P. Hodges . Jan. 6, 1949 July 20, 1953
Edwin Gill July 20, 1953
CONTENTS
Page
Consolidated Statement:
Year Ended June 30, 1961 12
Year Ended June 30, 1962 68
General Fund Revenue and Refunds:
Year Ended June 30, 1961 14
Year Ended June 30, 1962 70
Abstract of General Funds showing Appropriations,
Receipts and Disbursements:
Year Ended June 30, 1961 16
Year Ended June 30, 1962 72
Special Funds:
Year Ended June 30, 1961 28
Year Ended June 30, 1962 86
Capital Improvement Funds:
Year Ended June 30, 1961 38
Year Ended June 30, 1962 96
Sinking Funds:
Year Ended June 30, 1961 48
Year Ended June 30, 1962 106
Securities in Sinking Funds:
Year Ended June 30, 1961 , 50
Year Ended June 30, 1962 108
Bonded Debt:
Year Ended June 30, 1961 51-54
Year Ended June 30, 1962 109-113
Treasurer's Investments of Fund Balances:
Year Ended June 30, 1961 55
Year Ended June 30, 1962 114
Bank Balances:
Year Ended June 30, 1961 56
Year Ended June 30, 1962 115
Retirement and Trust Funds:
Year Ended June 30, 1961 61-63
Year Ended June 30, 1962 120-122
Securities held in trust:
Year Ended June 30, 1961 64
Year Ended June 30, 1962 123
Assessed Property Valuation:
Year Ended June 30, 1962 123
State of North Carolina
DEPARTMENT OF THE TREASURER
Raleigh
January 15, 1963
Honorable Terry Santord,
Governor ot North Carolina;
The Advisory Budget Commission; and.
Members ot the General Assembly
Gentlemen:
In compliance with the provisions of G. S. 147-68, I submit
herewith the report of the Treasurer of the State of North Caro-lina
covering the fiscal years ended June 30, 1961 and Jnne 30,
1962.
Metliod of Accouyiting
In order to reflect accurately the monies paid into the treasury
of the State and the payment of warrants presented to the State
Treasurer, the cash receipts method of accounting is employed
in recording the receipts, disbursements and cash balances reported
herein. Such method of accounting differs from that used by the
Director of the Budget only to the extent of deposits in transit in
the case of revenues and other receipts and warrants drawn but
not presented for payment in the case of disbursements, both
items requiring adjustment at the beginning and at the end of
each fiscal year for reconciling purposes.
Operating Funds
The normal financial transactions of our State government are
recorded in three operating funds—-the General Fund, Highw^ay
Fund and Agricidture Fund. Special funds are used for functions
of State government set up for special purposes, each of w^hich
is supported by segregated revenues or appropriations.
By adjusting the receipts and disbursements recorded on the
books of the State Treasurer so as to reflect the revenues and
expenditures of the State on the same basis as reported by the
Director of the Budget, the fiscal condition of the three operating
funds may be summarized for the year ended June 30, 1962 as
follows:
6 Report of State Treasurer
Description General Highway Agriculture
Fund Balancc-7/1/61 $ 74,356,054 $100,679,405 $ 153,135
Add: Receipts 374,837,139 190.691,887 2,942,594
Total Availability ..._ ._3449,193,193 8297.371,292 $3,095,729
Less: Expenditures - 368,835,234 191,445,825 2,942,044
Fund Baiance-6/30/62 ,S 80.357,959 S105.925,467 .S 153,685
During the year ended June 30, 1962, General Fund revenues
exceeded expenditures by $6,001,905. Adding this amount to the
credit balance brought forward from the previous year, the
year-end condition of the General Fund reflected a balance of
$80,357,959. Compared with legislative calculations, revenues
exceeded estimates by $27,260,139 and expenditures were
$17,021,505 less than the amount authorized by appropriations.
The credit balance anticipated by the 1961 legislature as of June
30, 1962 was $36,076,315.
Earnings of Fund Balances
An active and systematic program of investing fund balances
in excess of current requirements was begun in 1949 under
legislation enacted by the General Assembly. Since that time,
through the end of the fiscal year 1962, the earnings resulting
under this program have amounted to $48,425,875. Prior to the
fiscal year 1962 such earnings were paid into the General Fund,
thus constituting a regular source of revenue in meeting the
appropriation requirements of that fund. Beginning with the
fiscal year 1962, pursuant to an amendment by the General As-sembly,
earnings attributable to the investment of Highway
Fund balances are paid into the Highway Fund. The amount and
the distribution of the earnings for the two years covered by this
report are reflected as follows:
Fund Credited June 30, 1961 June 30, 1962
General Fund $6,906,906 $4,802,527
Highway Fund - 1,907,372
$6,906,906 $6,709,899
The law under which the funds of the State are invested pre-scribes
the types of securities eligible so that the funds invested
may be readily converted into money at such time as the need
arises. Securities meeting the statutory requirements include: cer-tificates
of deposit issued by banks within North Carolina; bonds,
bills and certificates of indebtedness of the U. S. Government;
and, bonds and notes of the State of North Carolina.
Report of State Treasurer 7
Bonded Indebtedness
The outstanding debt of the State as of June 30, 1962 was
$238,901,000, a net reduction of |2 1,06 1,000 when compared with
the amount outstanding as of June 30, 1960, the date of our last
report. During the fiscal years 1961 and 1962 additional bonds
amounting to $37,855,000 were issued, including $9,195,000 to
fund a like amount of bond anticipation notes issued during the
fiscal year 1960. Bond maturities amounted to $49,721,000. The
bonds issued during this two-year period are as follows:
New Bonds General Date Average
Purpose of Issue Assembly Issued Interest Cost Amount
Capital Improvements-
Various Projects 1959 7-6-60 3.013% $ 9,195,000
Capital Improvements-
Community Colleges __ -. 1959 7-6-60 3.013% 1,500,000
Capital Improvements-
Mental Institutions 1959 2-8-61 2.860% 5,000,000
Capital Improvements-
Educational Institutions -- 1959 2-8-61 2.860% 5,000.000
Capital Improvements-
Educational Institutions -- 1959 8-1-61 2.976%, 8,891,000
Capital Improvements-
Mental Institutions 1959 8-1-61 2.976% 2,053,000
Capital Improvements-
Various Projects 1961 8-1-61 2.976% 6,216,000
Total _.. $37,855,000
Of the additional bonds issued $6,216,000 were authorized by
the General Assembly of 1961, and $9,195,000 by the General
Assembly of 1959, such amounts being within the debt limitation
contained in the State Constitution and not requiring the ap-proval
of the voters. The remaining bonds of $22,444,000 were a
part of the $34,050,000 proposed by the General Assembly of
1959, and approved by the voters at an election on October 27,
1959.
The debt limitation in the State Constitution, as a result of
the 1935 amendment, provides that the State shall not contract a
debt in any biennium and pledge its faith and credit to the pay-ment
thereof for an amount in excess of two-thirds of the amount
by which the outstanding debt of the State shall have been re-duced
in the next preceding biennium, unless the subject is sub-mitted
to and approved by the voters at an election. Applying
this limitation to the biennium 1961-63 the scheduled bond
maturities amount to $50,285,000, consisting of $21,225,000 Gen-eral
Fund bonds, $7,510,000 Highway Fund bonds and $21,550,000
8 RppoRT OF State Treasurer
Secondary Road bonds; however, the amount of bonds scheduled
for retirement will be adjusted to reflect those bonds presented
for payment during the biennium but which bonds matured in
a prior period as well as those bonds maturing during the bien-nium
but not presented for payment, so as to arrive at actual
bond retirements for the biennium. Generally, the amount of
this adjustment is not significant. A further adjustment is re-quired
to reflect the amount of bonds issued during the biennium
in the amount of $17,160,000. After giving consideration to these
adjustments the outstanding debt will have been reduced during
the biennium 1961-63 by approximately $33,125,000 so that the
general Assembly of 1963 could authorize without the approval
of the voters the issuance of additional bonds in the approximate
amount to $22,000,000.
The outstanding debt of the State as of June 30, 1962 may be
summarized as follows:
Fund Amount
General Fund $144,917,000
Highway Fund 93,984,000
Gross Debt ^. $238,901,000
Less Sinking Funds-
General Fund 121,977,000
Highway Fund 1,834,000
Secondary Road Bonds 92,150,000 115,961,000
Net Debt June 30, 1962 $122,940,000
In the referendum on November 7, 1961 the voters did not
approve the capital improvement bonds, amounting to $61,665,000
as proposed by the General Assembly of 1961. The bonds in-cluded
in the referendum consisted of: Capital Area Buildings
$2,858,000; State Training Schools $1,110,000; State Educational
Institutions $31,008,000; Community Colleges $1,483,000; Ar-chives
and History and State Library Buildings $2,560,000; State
Ports $13,500,000; State Mental Institutions $7,396,000; Hospi-tals
$500,000; Natural Resources Conservation and Development
$961,000; and Agriculture Research Stations $289,000. In addi-tion
to the bonds submitted in the above referendum, under the
applicable provisions of the Constitution, the General Assembly
of 1961 authorized the issuance of bonds amounting to $6,216,000
for various capital improvement purposes including additional
buildings at State supported colleges and hospitals, which bonds
were issued on August 1, 1961.
Bonds authorized and unissued as of June 30, 1962 amount to
$500,000. These bonds, for new port facilities at Southport, were
Report of State Treasurer 9
proposed by the General Assembly of 1959 and approved by the
voters on October 27, 1959.
The annual debt requirements resulting from scheduled bond
retirements are reflected in Exhibit 7 of the statistical data for
the year ended June 30, 1962. Briefly, the annual debt service
requirements on the present outstanding debt of the General
Fund will approximate $10,000,000 through the fiscal year 1975
and thereafter the requirements will decline sharply, so that the
bonds of this fund will be fully retired in 1981. Outstanding
bonds which were issued prior to 1949 amount to $23,811,000
and such bonds are fully provided for through sinking fimds. The
bonds atuhorized in 1949 for secondary road purposes in the
amount of $200,000,000 have been retired to the extent that as
of June 30, 1962 the remaining outstanding balance is $92,150,000.
These bonds are serviced by a one-cent gasoline tax levy pledged
exclusively for this purpose. The additional levy has created a
reserve fund balance, in excess of annual requirements, of
$18,924,232 so that based upon the current rate of collection the
secondary road bonds will be fully provided for during the fiscal
year 1967 rather than in 1971 as originally anticipated. The trans-actions
within the secondary road bond debt service fund during
the fiscal year 1961 and 1962 are summarized as follows:
Balance Receipts Disbursements Balance
June 30, 1960 1961-1962 1961-1962 June 30, 1962
$11,862,607 531,637,625 524,576,000 518,924,232
Bonds in the amount of $80,100 maturing during the period
from April 1, 1936 to June 30, 1962 have not been presented for
payment by the holders of such bonds. Reference is made to
Exhibit 8 of the statistical data for the year ended June 30, 1962.
Since 1921, the State has issued bonds amounting to
$562,723,000. Payments to date amount to $323,822,000, leaving
the balance outstanding of $238,901,000, as reflected above. Of
the amount issued $245,923,000 were for General Fund purposes
and $316,800,000 for Highway Fund purposes including $200,-
000,000 for secondary roads. The bonds of the General Fund
were for capital improvement purposes at the State's educational,
mental and hospital institutions including $92,500,000 for public
school plant construction—a supplement to the counties from the
State level. Of the Highway Fund bonds $50,000,000 were issued
in 1921, $66,800,000 during the years 1923 through 1931, and
200,000,000 during the years 1949-51.
10 Report of State Treasurer
Modification of Office Procedures
During the two years covered by this report, the operating pro-cedures
and practices of the Treasurer's office were re-evaluated
in an attempt to carry on existing functions with improved effi-ciency.
As a consequence, we have been able to handle the sub-stantial
increase in the work-load of our office, without a cor-responding
increase in the total cost of operations.
As Treasurer, I take pride in submitting this report which is
another chapter in the fiscal life of our State and which reflects
the integrity and the sound business principles that have been
practiced in our State government for many years.
Respectfully submitted,
Cj0U\rvv\^
EDWIN G
State Treasurer
Report of State Treasurer
of North Carolina
Fiscal Year Ended June 30, 1961
12 Report of State Treasurer
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