Biennial report of the Treasurer of North Carolina

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UNIVERSITY OF N.C. AT CHAPEL HILL
00033968216
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V
BIENNIAL REPORT
OF THE
Treasurer of Isforth Carolina
FOR
FISCAL YEARS ENDING
JUNE30. 1943-1944
C3 5t
lY 87t
CHAS. M. JOHNSON
STATE TREASURER
f
CONTENTS
Page
Assessed Property Valuation ___ 60
Bonds Matured Outstanding - _. 60
Consolidated Statement
—
*
Fiscal Year Ending June 30, 1943... 5
Consolidated Statement
Fiscal Year Ending June 30, 1944 __. 32
Disbursements—Fiscal Year Ending June 30, 1943 - 15
Disbursements—Fiscal Year Ending June 30, 1944 43
Investments—Railroad Stock and Miscellaneous — 59
Letter of Transmittal 4
Post War Reserve Fund 1943 .—
.
31
Post War Reserve Fund 1944 _. _ 60
Receipts—Fiscal Year Ending June 30, 1943. ..._ 6
Receipts—Fiscal Year Ending June 30, 1944 33
Retirement Fund
—
Law Enforcement Officers' Benefit and Retirement, June 30, 1943—. 31
Law Enforcement Officers' Benefit and Retirement, June 30, 1944.... 61
Teachers' and State Employees' Retirement System, June 30, 1943.. 31
Teachers' and State Employees' Retirement System, June 30, 1944
61
Sinking Funds—Fiscal Year Ending June 30, 1943 26
Sinking Funds—Fiscal Year Ending June 30, 1944.. -_._ 54
State Debt June 30, 1943 ..- - .-... ...- 29
State Debt June 30, 1944 57
Treasurers of North Carolina — .._ - 3
PUBLIC TREASURERS OF NORTH CAROLINA
Richard Caswell, Northern District .—
.
Samuel Johnston, Southern District
Memucan Hunt. —..
John Haywood
William S . Robards- -
William S. Mhoon
Samuel T. Patterson „ _
Daniel W. Courts
Charles L. Hinton....
John W. Wheeler. _ _
Charles L. Hinton
Daniel W. Courts
Jonathan Worth_
Jonathan Worth, Provisional Treasurer.._. June
William Sloan.__ Nov.
Kemp P. Battle Jan.
David A. Jenkins __. July
John M. Worth Nov.
Donald W. Bain Jan.
Samuel McD. Tate_ Nov.
William H. Worth Jan.
Benjamin R. Lacy , Jan.
Nathan O'Berry Feb.
John P. Stedman_ Jan.
Chas. M. Johnson Nov.
From To
1775 1777
1775 1777
1777 1787
1787 1827
1827 1830
1830 1835
1835 1837
1837 1839
1839 1843
1843 1845
1845 1851
1851 1863
1863 1865
12, 1865 Nov. 16, 1865
16, 1865 Jan. ' 1, 1866
1, 1866 July 8, 1868
8, 1868 Nov. 22, 1876
22, 1876 Jan. 21, 1885
21, 1885 Nov. 16, 1892
16, 1892 Jan. 23, 1895
23, 1895 Jan. 15, 1901
15, 1901 Feb. 21, 1929
23, 1929 Jan. 6, 1932
7, 1932 Nov. 21, 1932
21, 1932
STATE OF NORTH CAROLINA
Treasury Department
Raleigh, N. C,
October 16, 1944
To His Excellency,
J. Melville Broughton, Governor,
State of North Carohna,
Raleigh, North Carolina.
Sir:
In accordance with the provisions of law, I have the honor as
State Treasurer, to transmit herewith my report for the bien-nium
ending June 30, 1944 showing receipts and disbursements,
statement of Sinking Funds, State debt and Securities held in
trust by this department.
During the biennium, the Sinking Fund holdings have in-creased
from $19,794,397.34 to $21,829,052.29 and $15,832,150.00
State bonds have been paid, leaving a gross State debt as of June
30, 1944 of $117,995,500.00 less Sinking Funds $21,829,052.29,
making the net State debt as of June 30, 1944 $96,166,447.71.
The State is in the best financial condition in its history and I
very strongly recommend that an amount be set aside from the
General Fund surplus sufficient to retire the General Fund debt.
Since our bonds are not callable, the fund should be used to pur-chase
as many of our own bonds as can be purchased at a fair
price, and the balance of the fund should be invested in sound
securities, the maturities to be arranged so that the money will
be available to pay our bonds when due.
Respectfully submitted,
Chas. M. Johnson,
State Treasurer.
Report of State Treasurer
REPORT OF STATE TREASURY DEPARTMENT
CONSOLIDATED STATEMENT
Receipts and Disbursements Fiscal Year Ending June 30, 1943
Receipts
:!ash Balance July 1, 1942 $ 55,693,346.69
CasJi Receipts Fund Transfers
General Fund Revenue -- $70,815,999.31 $ 1,153,573.92
General Fund Depts. and
Insts. 9,476,162.15 5,827,751.15
Disbursements
General Fund Revenue
Refunds I 1,465,049.17
General Fund Depts. and
Insts. 27,394,684.13 .$26,820,432.66
State Public Schools 30,541,672.58
$80,292,161.46 $6,981,325.07
[Total General Fund $87,273,486.53
Federal Funds, Special
Funds 10,995,298.97 10,995,298.97
Highway Funds 35,753,427.20 35,753,427.20
Special Funds ..„. $29,123,292.82 $22,234,604.10 51,357,896.92
Debt Service 126,245.13 13,577,993.75 13,704,238.88
Permanent Improvement
Funds 953,870.88 953,870.88
Sinking Funds 1,124,034.20 895,769.16 2,019,803.36
Total Receipts $202,058,022.74
$257,751,369.43
$59,401,405.88 $26,820,432.66
Total General Funds 86,221,838.54
Federal Funds, Special
Funds 4,943,662.24 5,599,725.42 10,543,387.66
Highway Funds 18,492,802.75 8,096,562.50 26,589,365.25
Special Funds _ 48,048,146.28 2,898,035.98 50,946,182.26
Debt Service 13,043,249.50 122,016,67 13,165,266.17
Permanent Improvement
Funds 1,273,108.11 1,273,108.11
Sinking Funds 1,802,740.29 152,918.85 1,955,659.14
Total Disbursements $190,694,807.13
Cash Balance June 30, 1943 67,056,562.30
$257,751,369.43
Report of State Treasurer
REPORT OF STATE TREASURER
Receipts fob Fiscal Yeak Ending June 30, 1943
Cash Balance July 1, 1942... $ 55,693,346.68
Cash Receipts Fund Transfers
General Fund Revenue
Tax Revenue
Schedule "A"
Inheritance Tax $ 805,563.48
Schedule "B" License Tax.... 2,987,463.79
Schedule "C" Franchise Tax 9,890,349.47
Schedule "D" Income Tax.... 32,434,772.72
Schedule "E" Sales Tax 17,555,336.98
Schedule "F" Beverage Tax.. 4,966,524.16
Schedule "G" Gift Tax 95,493.12
Schedule "H" Intangible Tax 1,763,266.50
Miscellaneous Under Revenue
Act 18,090.59
Corporation Tax, State De-partments
44,942.76
Fees & Seals, Executive
Department 22,572.50
Fees, Insurance Department.. 14,071.60
Fees, Attorney General 200.00
Capital Issues 5,592.89
$70,604,240.56
'Non Tax Revenue
Gasoline Inspection
Oil Inspection
Railroad Dividends 210,014.00
Board of Accountancy 1,334.47
Board of Examiners Plumb-ing
& Heating Contractors 410.28
974,058.67
179,515.25
$ 211,758.75 $ 1,153,573.92
Total General Fund Revenue.. $71,969,573.23
Report of State Treasurer
•epartmental Receipts:
Supreme Court :
Division of Purchase and
Contract -
State Auditor
State Treasurer
Attorney General
Bureau of Investigation
Department of Revenue—
Administration
Gasoline Inspection
Department of Public
Instruction _..
Historical Commission
State Library
Library Commission
Board of Charities and
Public Welfare — ..—
State Board of Health
State Laboratory of Hygiene
Adjutant General
Utilities Commission ,
Insurance Department
Department of Labor
—
Administration
Board of Boiler Rules
Industrial Commission
Department of Conservation
& Development
—
Administration ...
Commercial Fisheries
Game & Inland Fisheries....
Local Government
- Commission
Department of Agriculture
—
Weights & Measures....
Credit Unions
Board of Public Buildings
& Grounds
Commission for the Blind
Teachers' & State Employees'
Retirement System .-.
(Receipts)
Cash Receipts Fund Transfers
. $ 434.05
300.00
2,750.00
597.15
240.90
258.46
Total Departmental Receipts.
39,717.50
357.48
.
7,358.80
454.68
179.25
24.24
29,072.73 % 16,052.02
64,118.77
71,067.32
380.56
22,826.94
28,875.00
117,049.79
3,535.20
52,297.31
219,952.61
27,093.78
3,257.22 •
2,159.85
3,412.50
2,773.48 2,500.00
76,339.79
66,443.39 10,917.58
41.07
% 843,369.82 $ 29,469.60
$ 872,839.42
8 Report of State Treasurer
(Receipts)
Cash Receipts Fund Transfers
Educational Institutions Receipts:
University of North Carolina-
Administration $ 3,009,582.47
Service Plants 1,291,679.17
State College of A. & E.—
College Division 1,183,078.27
Experiment Station 65,411.31 171,142.89
Cooperative Agriculture
Extension 24.00 783,632.27
Women's College of U. N. C... 873,760.91
East Carolina Teachers
College 285,599.63
Negro A. & T. College 257,254.28
Western Carolina Teachers
College 91,643.81
Appalachian State Teachers'
College 192,104.81
Pembroke State College
For Indians . 6,733.18
Winston-Salem Teachers'
College __ 98,502.89
Elizabeth City State
Teachers' College 79,618.41
Fayetteville State Teachers'
College .___ 112,750.96
N. C. College for Negroes 115,408.91
N. C. School for the Deaf,
Morganton 16,918.27
State School for the Blind
and Deaf, Raleigh 24,579.78
% 7,704,651.06 $ 954,775.16
Total Educational Institutions
Receipts $ 8,65 ' 426.22
Charitable and Correctional Institutions Receipts:
State Hospital, Raleigh $ 98,657.52
State Hospital, Morganton__..__ 40,036.80
State Hospital, Goldsboro 41,636.17
Caswell Training School. 23,959.87
N. C. Orthopedic Hospital-- 2,198.68
N. C. Sanatorium
—
Administration .._ 177,602.59
Extension Bureau 62.75
Western N. C. Sanatorium .— 66,934.34
Eastern N. C. Sanatorium^— 16,630.49
Report of State Treasurer
stonewall Jackson Training
School
State Home and Industrial
School for Girls
Morrison Training School .--
Eastern Carolina Training
School
State Industrial Farm
Colony for Women
Soldiers Home—Confederate
Cemetery _.
(Receipts)
Cash ReceijJts Fund Transfers
9,284.00
1,788.24
384.41
764.57
694.81
3.32
$ 480,638.56
Total Charitable & Correc-tional
Institutions Receipts $ 480,638.56
Itate Aid and Subsidies Receipts:
Board of Charities and Public Welfare
—
Old Age Assistance
Aid to Dependent Children
Aid to County Administra-tion
Commission for the Blind^
Blind Aid 1,014.20
Cape Hatteras Seashore
Commission 11,117.09
Public Printing and Co-operative
Supplies 58,389.07
Merit System Council 27,638.77
Raleigh Sesqui-centennial 18.00
Contingency and Emergency _ 102,500.00
Department of Education
—
Eight Months School 239,883.07
Vocational Education 6,698.04
Purchase of Free Textbooks
Industrial Rehabilitation .. 200.37
Vocational Textile Train-
School 44.10
$447,502.71
Total State Aid and Sub-sidies
Receipts
Total Receipts General Fund
all Sources _"_...
% 2,411,492.99
941,832.23
222,092.03
366,767.29
9,682.65
791,639.20
100,000.00
$4,843,506.39
$ 5,291,009.10
$87,273,486.53
10 Report of State Treasurer
(Receipts)
Cash Receipts Fund Transfers
Special Fund Receipts:
Agriculture Department
—
Administration $ 790,210.51
Warehouse System-
Supervision 102,113.04
Warehouse System
—
Principal -. 30,910.24
Cooperative Inspection
Service 41,362.08
Land Purchases : 84,836.21
State Fair 10,560.82
Sheep Distribution Project 16,855.71
Banking Department 71,427.17
Bus Regulation and Deposi-tory
Account 3,138.87
Civil Engineers and Land
Surveyors 3,699.55
Gasoline Inspection Tax _-. 974,058.67
Oil Inspection Tax 179,515.25
Bond Interest, Jones County._ 48.76
Confederate Women's Home,
Trust Fund 1,854.98
Pensions, Confederate
Veterans and Widov^^s .— 205,645.55
Insurance Department 42,832.25
Land Titles, Assurance of 6.11
Law Enforcement Officers'
Benefit Fund
—
Contribution Account 78,043.94
Court Costs 250,076.99 19,949.14
N. C. Board of Health-
Bedding Fund 18,076.80
Dental Fund 60,664.72
Reynolds Foundation ____ 135,480.54
Special School Funds
—
Literary Loan Fund 381,800.25
Rodman Trust Fund 3,103.71
School Building Fund,
Laws 1921 210,430.34 82,769.66
School Building Fund,
Laws 1923 264,274.57 70,100.43
School Building Fund,
Laws 1925 336,240.50 106,250.00
School Building Fund,
Laws 1927 _-_ 182,442.23 15,766.67
Department of Education-_.. 18,080.66
Textbook Commission 480,851.63
Commercial Education 528.00
Report of State Treasurer 11
(Receipts)
Cash Receipts Fund Transfers
Health Education, Rocke-feller
Fund 27,642.55
U. N. C. Escheats Refund
Account 43.77
Self Liquidating Accounts
—
University of N. C 915,449.92
State College of A. & E 60,358.75
Woman's College of U. N. C. 89,048.00
Teachers' & State Employees'
Retirement System
—
Annuity Savings Fund 1,846,544.81
Annuity Reserve Fund 17,812.44
Pension Accumulation Fund 453,953.67 1,509,076.00
Retirement Fund .--- 115,551.99
State Commission for the
Blind—County Funds .. 114,346.13
Division of Game & Inland
Fisheries 365,022.39 91,633.46
Post War Reserve Fund 20,000,000.00
Unemployment Compensation r
Commission, Clearing
Account 19,790,692.84
Workmen's Compensation
Security Funds
—
Mutual Companies 32,380.57
Stock Companies 35,963.60
World War Veterans Loan
Fund
—
Account No. l.... 464,316.21
Account No. 2 145,155.04
Appraisal Account 8,898.23
$29,123,292.82 $22,234,604.10
Total Special Fund Receipts.. 51,357,896.92
Highway Funds:
Automobile License $ 8,529,213.47
Gasolina Tax 21,439,036.75
Miscellaneous and Federal
Aid 3,981,705.48
Bus and Franchise Tax 1,803,471.50
Total Highway Receipts $35,753,427.20
12 Report of State Treasurer
(Receipts)
Cash Receipts Fund Transfers
Debt Service Funds:
Interest on Bonds:
General Fund Bonds... $ 160.00 $ 2,167,955.00
Highway Bonds 2,846,562.50
Public School Bonds 268,356.25
World War Veterans Loan
Fund Bonds 105,000.00
Laboratory of Hygiene
Revenue Bonds . ._. 6,120.00
University of N. C.
Revenue Bonds 35,408.75
State College of A. & E.
Revenue Bonds 8,888.75
Woman's College of U. N.
C. Revenue Bonds 9,067.50
Interest Reserve, Univer-sity
of N. C. Revenue
Bonds 5,617.75
Interest Reserve, State Col-lege
of A. & E. Revenue
Bonds 888.88
Interest Reserve, Woman's
College of U. N. C.
Revenue Bonds 1,813.50
Redemption of Bonds
—
General Fund Bonds 2,552,000.00
Highway Bonds 4,750,000.00
Public School Bonds 875,000.00
Laboratory of Hygiene
Revenue Bonds 7,000.00
University of N. C.
Revenue Bonds 40,000.00
State College of A. & E.
Revenue Bonds 6,000.00
Woman's College of U. N.
C. Revenue Bonds 10,000.00
Principal Reserve, Univer-sity
of N. C. Revenue
Bonds 6,200.00
Principal Reserve, State
College of A. & E.
Revenue Bonds 1,200.00
Principal Reserve, Woman's
College of U. N. C.
Revenue Bonds 1,000.00
$ 126,245.13 113,577,993.75
Total Debt Service Receipts $13,704,238. 8S
Report OF STATE Treasurer 13
(Receipts)
Cash Receipts Fund Transfers
Brmanent Improveinent Funds
University of N. C, Laws
1941, Code 1510 $ 838,231.58
State College of A. & E.—
AAA Office Building 13,679.33
Armory & Colosseum 44,317.60
N. C. Orthopedic Hospital,
Laws 1941 : 32.50
Eastern N. C. Sanatorium,
Laws 1941 28.89
Atlantic & N. C. Railroad,
Laws 1941, Code 1501
Total Permanent Improve-
57,580.98
ment Receipts $ 953,870.88
'ederal Funds:
Tennessee Valley Authority, $ 83,050.68
Forest Reserve Fund 27,469.47
Smith-Lever Fund—State
College 854,791.23
Experiment Station—State
College - 196,085.56
Emergency Farm Labor Pro-gram—
State College --- 195,000.00
U. S. War Ballot Account ,_.._ 10,680.00
State Board of Charities &
Public Welfare
—
Civilian War Assistance ,.... 1,830.00
Child Welfare Service 48,490.55
Old Age Assistance 2,424,749.31
Aid to Dependent Children 950,268.52
County Administration,
Old Age Assistance 120,939.84
County Administration,
Aid to Dependent
Children 125,327.60
State Board of Health
Venereal Disease Control ,. 454,044.85
Division of Crippled
Children '. 122,755.11
Maternal and Child Health
Service 261,301.19
Public Health Funds 377,618.25
Commission for the Blind
—
Blind Aid 245,499.45
Administration to Coun-ties
16,970.21
14 Report of State Treasurer
(Receipts)
Cash Receipts Fund Transfers
Department of Education
—
Vocational Education 809,332.90
Defense Training 1,607,162.78
Child Care 6,742.70
Unemployment Compensa-tion
Commission-
Administration 584,867.37
Benefit Account ., 1,470,321.40
$10,995,298.97
Total Federal Fund Receipts
.
$10,995,298.97
Total all Special Funds .^112,764,732.
8
Sinking Fund Receipts:
Highway No. 1 $ 121,419.26 $ 100,000.00
Highway No. 2 443,685.88 400,000.00
Special School Building No. 3 82,459.50
Special School Building No. 4 69,815.00
Special School Building No. 9 20,267.50 102,178.00
Special School Building No.
12 6,542.50 22,271.16
Educational & Charitable
No. 5 179,487.18 163,000.00
Educational & Charitable
No. 6 164,297.38 51,250.00
Educational & Charitable
No. 7 36,060.00 57,070.00
$ 1,124,034.20 % 895,769.16
Total Sinking Fund Receipts $ 2,019,803.3
Total Receipts all sources. - $257,751,369.4;
Report of State Treasurer 15
DiSBlRSEJIENTS FOR FISCAL YeAR ENDING JUNE 30, 1943
Cash Fund
Disbursements Transfers
eneral Fund Disbursements:
Departmental Disbursements
—
General Assembly .- $ 189,993.31
Supreme Court
Justices 62,627.60
Departmental Expense.— 29,384.08
Printing Reports and
Reprints _ 5,891.64
Superior Court
—
Judges 234,383.75
Solicitors 103,529.00
Governor's Office 33,794.55
Budget Bureau 35,002.63
Division of Purchase and
Contract 27,400.59
Secretary of State 29,902.18
State Auditor 55,104.21
State Treasurer 49.850.18
Department of Justice
—
Attorney General 40,323.87
Criminal Statistics 3,999.20
Bureau of Investigation.. 49,644.86
Printing Revised Codes.. 5,311.90
Department of Revenue
—
Administration 629,022.80
Tax Research 35.488.23
Gasoline and Oil
Inspection 93,856.79
Department of Public
Instruction 111,916.89
Historical Commission 23,857.38
State Library 10,316.71
Library Commission 17,997.15
Board of Charities and
Public Welfare
—
Administration 217,124.16
Eugenics Board 780.38
State Board of Health 401,067.80
State Laboratory of
Hygiene 121,367.61 $ 13,120.00
Adjutant General 109,963.74
Utilities Commission
—
Administration 62,618.35
Bus and Freight Rate
Investigation 13,780.84
Insurance Department 81,793.17
16 Report of State Treasurer
(DiSBURSEMEIN TS)
Cash Fund
Disbursements Transfers
Department of Labor
—
Administration 205,470.67
Board of Boiler Rules 3,154.42
Industrial Commission 106,816.54
Department of Conserva-tion
& Development
—
Administration $ 551,084.14
Commercial Fisheries 42,377.12
Game & Inland Fisheries 1,418.27 91,633.46
State Board of Elections - 11,008.56
Local Government Commis-sion
24,569.03
Department of Agriculture--
Weights and Measures -.. 24,421.20
Credit Unions .. 7,447.53
Board of Public Buildings
and Grounds ...- 210,624.47
Governor's Mansion 12,121.84
Board of Alcoholic Control 53,041.89
Unemployment Compensa-tion
Commission, Em-ployment
Service 751.11
Commission for the Blind- 134,303.56
Rural Electrification
Authority 11.820.19
Teachers' and State Em-ployees'
Retirement
System, Administra-tion
39,846.91
$ 4,327,373.00 $ 104753.46
Total Departmental
Disbursements ...- — .$ 4,432,126.46
Educational Institutions
Disbursements:
University of North -
Carolina $ 3,769,280.75
University, Service Plants 1,203,265.88
.
State College of A. & E.—
College Division 1,472,464.98
Experiment Station 375,839.15
Cooperative Extension
Service 959,177.89
Woman's College of U. N. C. 1,212,727.76
East Carolina Teachers
College 428,186*61
Report of State Treasurer 17
( Disbursements )
Cash
Disdursevients
Negro A. & T. College 350,160.32
Western Carolina Teachers
College 188,738.31
Appalachian State Teachers
College - -- 313,309.38
Pembroke State College
for Indians .„ 47,093.44
Winston-Salem Teachers
College - 141,917.42
Elizabeth City State
Teachers College 97,064.42
Fayetteville State Teachers
College 147,999.44
N. C. College for Negroes _- 254,906.62
N. C. School for Deaf,
Morganton 161,583.39
State Schol for the Blind
& Deaf, Raleigh ....- ._- 165,415.63
Blind Student Aid 2,400.00
Total Educational Institu-tions
Disbursements
Fund
Transfers
$11,291,531.39
Charitable and Correctional
Institutions Disburse-ments
:
State Hospital, Raleigh _.._ $ 610,076.15
State Hospital, Morganton . 678,365.25
State Hospital, Goldsboro _ 335,772.65
Caswell Training School __ 233,808.19
N. C. Orthopedic Hospital.. 117,795.78
N. C. Sanatorium
—
Administration 400,976.42
Extension Bureau __.- _ 11,570.01
Western N. C. Sanatorium . 194,490.90
Eastern N. C. Sanatorium. 79,414.35
Stonewall Jackson Train-ing
School 127,090.70
State Home and Industrial
School for Girls 68,305.02
Morrison Training School.. 49,665.96
Eastern Carolina Training
School 36,102.30
State Industrial Farm
Colony for Women 23,779.97
Confederate Cemetery 350.00
Confederate Women's Home 11,365.50
18 Report of State Treasurer
(Disbursements)
Cash Fund
Disbursements Transfers
Oxford Orphanage 30,000.00 -j
Oxford Colored Orphanage _ 30,000.00
f
Total Charitable & Correc-tional
Institutions
Disbursements $ 3,038,929.15
State Aids and Subsidies:
Board of Charities and
Public Welfare
—
Mothers Aid $ 30.00
Care of Dependent
Children 7,379.17
Old Age Assistance 3,775,668.43
Aid to Dependent
Children 1,458,665.83
Aid to County Admin-istration
380,468.66
Board of Health, Ortho-pedic
Clinic 4,875.00
Fugitives from Justice 1,510.25
Indemnity Diseases Slaugh-tered
Livestock
—
Tuberculosis & Glanders 574.51
Bangs Disease 12,817.22
Landscript Fund 7,500.00
Firemen's Relief Fund 1,750.00
Commission for the Blind,
Blind Aid . 478,148.31
Control of Japanese
Beetles 11,108.05
Cape Hatteras Seashore
Commission 16,442.61
Teachers' and State Em-ployees'
Retirement
System, State Con-tribution
1,509,076.00
State Aid to Public
Libraries. . 99,828.85
Division of Commercial
Fisheries, Oyster
Demonstration „ 5,396.94
Civilian Rifle Practice 30.25
Public Printing and Co-operative
Supplies ....._ 55,557.27 9,682.65
25% Salaries withheld 1933 1,684.04
Merit System Council 34,848.34
Report of State Treasurer 19
( Disbursements )
Cash Fund
Disbursements Transfers
The Pythian Home ..- 5,000.00
Council on National
Defense 53,309.33
Raleigh Sesqui-Centennial
Celebration 185.11
N. C. Building Commission 37.80
Investigation of State Hos-pital,
Morganton 3,288.13
Commission to Study Plans
for Establishment of
School for Negro Girls 59.24
State Planning Board 672.98
Expense of Revenue De-partment
Trials 200.00
Commission on Judicial
Districts 309.68
Vocational and Normal
School for Indians . 11,353.60
Civil Air Patrol 11,357.63
Farm Labor Commission.— 1,653.00
Loan to A. & N. C.
Railroad 450,611.24
State Art Society 386.40
Pensions
—
Confederate Veterans
and Widows - 880.00 205,645.55
Olivia B. Grimes 650.00
Annie Burgin Craig 1,300.00
Mrs. C. B. Aycock 1,300.00
Mrs. W. W. Kitchin 1,300.00
Post War Reserve Fund....- 20,000,000.00
Debt Service
—
Interest on General
Fund Bonds 2,167,955.00
Sinking Fund Installments 271,320.00
Redemption of General ' '
Fund Bonds 2,552,000.00
Redemption of old Com-promise
Bond 75.00
Department of Education:
Eight Months School 30,541,672.58
School Commission 58,547.77
Vocational Education ..__ 1,457,651.92
Adult Education 23,999.52
Purchase of Free Text-books
288,042.47
20 Report of State Treasurer
(Disbursements)
Cash Fund
Disbursements Transfers
Industrial Rehabilita-tion
10,351.94
Vocational Textile
Training School 44.10
$39,278,523.17 $26,715,679.20
Total State Aid and Subsi-dies
Disbursements __
General Fund Revenue Refunds:
Schedule "A" Inheritance
Tax $ 37,744.18
Schedule "B" License Tax^ 11,313.24
Schedule "C" Franchise
Tax 6,625.64
Schedule "D" Income Tax.. 103,773.46
Schedule "E" Sales Tax-_..__ 20,113.77
Schedule "F" Beverage
Tax 92,234.94
Schedule "G" Gift Tax ______ 3,701.86
Schedule "H" Intangible
Tax 13,541.02
Intangible Tax payments
to Counties, Cities and
Towns 1,175,399.62
Miscellaneous Refunds 26.50
Secretary of State _ ___. 544.94
Governor's Office 30.00
Total Revenue Refunds
Total General Fund Dis-bursements
Special Fund Disbursements:
Agricultural Department
—
Administration $ 592,465.58
Warehouse System,
Supervision 104,244 51
Warehouse System,
Principal 20,000.00
Cooperative Inspection
Service 50,011.08
State Fair 16,126.76
Sheep Distribution
Project .__- 20,444.41
$65,994,202.37
1,465,049.17
$ 86,221,838.54
2,500.00
Report of State Treasurer 21
( DlSBURSEM EXTS )
Cash Fund
Disbursements Transfers
Banking Department 58,026.66
Bus Regulation and Depos-itory
Account 2,550.04
Civil Engineers and Land
Surveyors 2,564.29
Gasoline Inspection Tax... 974,058.67
Oil Inspection Tax 179,515.25
Pensions, Confederate
Veterans and Widows . 205,962.22
Insurance Department 44,845.71
Law Enforcement Officers
Benefit Fund
—
Contribution Account _— 79,840.19
Court Costs 270,539.84
Bureau of Investigation 19,949.14
N. C. Board of Health-
Bedding Fund 10,078.36
Dental Fund 39,743.54
Reynolds Foundation .__.._ 185,081.43
Special School Funds:
Literary Loan Fund 64,693.20
Rodman Trust Fund 1,365.00
School Building Fund,
Laws 1921 ? 293,200.00
School Building Fund,
Laws 1923 334,375.00
School Building Fund,
Laws 1925 442,490.50
School Building Fund,
Laws 1927 3,468.99 197,739.91
Department of Education 62,523.94
Textbook Commission -_ 727,387.57 100,000.00
Commercial Education... 192.02
Health Education, Rocke-feller
Foundation 25,183.07
U. N. C. Escheat Refund
Account 43.77
Self Liquidation Accounts
—
University of North
Carolina 883,070.99
State College of A. & E... 60,687.11
Woman's College of
U. N. C. 86,833.01
Teachers' and State Em-ployees'
Retirement
System
—
Annuity Savings Fund... 1,797,543.54 17,812.44
22 Report of State Treasurer
( Disbursements )
Gash Fund
Disbursements Transfers
Annuity Reserve Fund.... 1,590.64
Pension Accumulation
Fund 1,773,077.10 113,961.35
Retirement Fund 104,854.03
State Commission for the
Blind, County Funds..- 115,843.08
Division of Game and
Inland Fisheries 329,619.04
Postwar Reserve Fund 19,874,292.22
Unemployment Compensa-
Commission, Clearing
Account 19,975,547.35
Workmen's Compensation
Security Funds
—
Mutual Companies 20,399.81
Stock Companies 68,011.93
World War Veterans Loan
Funds
—
Account No. 1 345,873.28 85,000.00
Account No. 2.. 130,528.71 20,000.00
Rental Account 16.00
Appraisal Account 10,306.88
Motor Vehicle Bureau,
New Account 9.35
Motor Vehicle Bureau,
. 25% Salaries With-held
1933 93.75
Highway & Public Works
Commission 18,492,802.75 8,096,562.50
$66,540,949.03 $10,994,598.48
Total Special Fund
Disbursements 77,535,547.51
Debt Service Funds:
Interest on Bonds
—
General Fund Bonds $ 2,186,667.00
Highway Bonds 2,926,651.25
Public School Bonds 285,610.00 122,016.67
World War Veterans
Loan Bonds 106,108.75
Laboratory of Hygiene
Revenue Bonds 6,232.50
University of North Car-olina
Revenue Bonds.... 35,276.25
Report of State Treasurer 23
( Disbursements )
Cash Fund
Disbursements Transfers
State College of A. & E.
Revenue Bonds , 12,636.25
Woman's College of U.
N. C. Revenue Bonds __. 9,067.50
Redemption of Bonds
—
General Fund Bonds 1,695,000.00
Highway Bonds 4,835,000.00
Public School Bonds 876,000.00
Laboratory of Hygiene
Revenue Bonds 7,000.00
University of N. C.
Revenue Bonds 40,000.00
State College of A. & E.
Revenue Bonds 12,000.00
Woman's College of U.
N. C. Revenue Bonds... 10,000.00
$13,043,249.50 $ 122,016.67
Total Debt Service
Disbursements 13,165,266.1'
Pei'm^nent Improvement Funds:
University of N. C.
—
Laws 1937, Code 1410...... | 246.93
Laws 1941, Code 1510 .... 933,474.18
State College of A. & E.—
Laws 1938, Code 14514 ... 133.66
Laws 1941, Code 15112... 35,648.42
Negro A. & T. College-
Laws 1941, Code 1514. .... 5,425.00
Western Carolina Teachers
College
—
Laws 1938, Code 1455 ... 19.22
Laws 1941, Code 1515...... 14.40
N. C. School for the Deaf-
Laws 1938, Code 1462...... 600.00
State School for the Blind
Laws 1941, Code 1536...... 475.00
Caswell Training School
—
Laws 1938, Code 1467...... 7,317.95
N. C. Orthopedic Hospital
—
Laws 1938, Code 1468...... 4,368.53
Laws 1938, Code 14681.... 107.13
Laws 1941, Code 1527 911.69
Eastern N. C. Sanatorium
Laws 1941, Code 1529...... 167,460.55
24 Report of State Treasurer
( Disbursements )
Cash Fund
Disbursements Transfers
Atlantic & N. C. Railroad
—
Laws 1941, Code 1501 31,431.10
Public Buildings & Grounds
—
Laws 1941, Code 1502.___.. 8,750.00
N. C. Textile Institute
—
Laws 1941, Code 1503..-. _ 76,724.35
Total Permanent Improve-ment
Disbursements .. 1,273,108.11
Federal Fund Disbursements:
Tennessee Valley Authority $ 33,207.72
Forest Reserve Fund 27,469.47
Smith-Lever Fund, State
College 783,632.27
Experiment Station, State
College 171,142.89
U. S. War Ballot Account. 10,680.00
State Board of Charities and
Public Welfare
—
Civilian War Assistance 461.12
Child Welfare Service 47,554.89 1,166.67
Old Age Assistance 2,411,492.99
Aid to Dependent Children 941,832.23
County Administration, Old
Age Assistance 120,592.52
County Administration, Aid
to Dependent Children.... 5,573.23 116,384.86
State Board of Health
—
Venereal Disease Control.... 472,320.55
Division of Crippled
Children 124,224.70
Maternal and Child Health
Service 202,452.59
Public Health Funds 392,800.13
Commission for the Blind:
Blind Aid 247,434.92
Administration to Counties 14,406.87
Department of Education
—
Vocational Education 791,639.20
Defense Training 1,439,658.32
Child Care 5,893.08
Emergency Relief Fund 112.85
Employment Service 25.00
Report of State Treasurer 25
( Disbursements )
Cash Fund
Disbursements Transfers
Unemployment Compensa-tion
Commission
—
Administration 612,093.53
Benefit Account 1,569,135.06
$ 4,943,662.24 $ 5,599,725.42
Total Federal Fund
Disbursements 10,543,387.66
Total All Special Funds $102,517,309.45
linking Fund Disbursements:
Highway No. 1 $ 223,148.39
Highway No. 2 -- 859,166.42
Special School Building
No. 3 -
Special School Building
No. 4
Special School Building
No. 9 --
Special School Building
No. 12
Educational & Charitable
No. 5
Educational & Charitable
No. 6
Educational & Charitable
No. 7
Jones County No. 8
Total Sinking Fund Disbursements 1,955,659.14
Cash Balance June 30, 1943 67,056,562.30
20.00 82,769.66
20.00 70,100.43
71,005.00
5.00
346,335.69
207,741.44
95,298.35
48.76
$ 1,802,740.29 $ 152,918.85
Total Disbursements All Sources -- $257,751,369.43
26 Report of State Treasurer
REPORT OF STATE TREASURER
STATEMENT OF SINKING FUNDS, JUNE 30, 1943
Highway Sinking Fund No. 1
414% Highway Bonds, due J. & J. 1951 _..-_
4%% Highway Bonds, due J. & J. 1951-64
4%% Highway Bonds, due J. & J. 1952
5 % Highway Bonds, due J. & J. 1961._
4 % Building Bonds, due April 1968-..-
414% Building Bonds, due April 1968
41/2% Building Bonds, due January 1962-66 _.
41/2% Building Bonds, due October 1963. ,
43^% Building Bonds, due October 1963
5 % Building Bonds, due July 1961
4 % Redemption & Improvement, due J. & J. 1950-53.
4 % School for Feeble Minded Bonds, due July 1951
4 % World War Veterans Loan Bonds, due July 1951..
4%:% World War Veterans Loan Bonds, due April 1950...
4%% Public School Building Bonds, due January 1950-52 .
4%% Public School Building Bonds, due January 1950
4 % State Prison Bonds, due July 1967
5 % Funding Bonds, due February 15, 1952..
Highway Sinking Fund No. :
41^% Highway Bonds, due January 1950-53
41/2% Highway Bonds, due J. & J. 1950-64
4%% Highway Bonds, due J. & J. 1950-52
5 % Highway Bonds, due July 1961
4 % Building Bonds, due April 1968
414% Building Bonds, due April 1968
41^% Building Bonds, due January 1962-66
41/2% Building Bonds, due October 1963
434% Building Bonds, due October 1963....
5 % Building Bonds, due July 1961
4 % Redemption and Improvement, due J. & J. 1950-53 ...
4 % School for Feeble Minded, due July 195L
4^/4% World War Veterans Loan Bonds, due April 1950...
4 % World War Veterans Loan Bonds, due July 1951 ....
4^/4% Public School Building Bonds, due January 1950-52 .
iV2% Public School Building Bonds, due January 1950 ......
4 % State Prison Bonds, due July 1967
5 % Funding Bonds, due February 15, 1952
4 % Administration Building Bonds, due July 1951
4 % Farm Colony Building Bonds, due April 1967
414% Great Smoky Mt. Park Bonds, due April 1950-72
3 % A. & N.C. Railroad Company Notes, due July 1943-47
3 % A. & N.C. Railroad Company Notes, due June 1964 __
8,000.00
876,000.00
1,000.00
297,000.00
309,000.00
13,000.00
315,000.00
85,000.00
171,000.00
189,000.00
77,000.00
1,700.00
8,000.00
19,000.00
11,000.00
1,000.00
85,000.00
88,000.00
23,000.00
2,301,000.00
36,000.00
912,000.00
1,146,000.00
240,000.00
1,618,000.00
773,000.00
1,471,000.00
452,000.00
145,000.00
1,200.00
65,000.00
21,000.00
34,000.00
35,000.00
39,000.00
302,000.00
8,000.00
9,000.00
405,000.00
45,000.00
26,500.00
$2,554,700.0'
41
5
10,107,700.'
Report of State Treasurer 27
PiBLic School Sinking Fund No. 3
«/2% Highway Bonds, due J. & J. 1953-64 213,000.00
%% Highway Bonds, due January 1950 4,000.00
% Highway Bonds, due July 1961 1,000.00
% Building Bonds, due April 1968 9,000.00
%% Building Bonds, due April 1968 -- - 4,000.00
5^% Building Bonds, due January 1962-66 _ - 339,000.00
%% Building Bonds, due October 1963 2,000.00
% Redemption Bonds, due January 1953 3,500.00
Public School Sinking Fund No. 4
%% Highway Bonds, due January 1953 5,000.00
V2% Highway Bonds, due J. & J. 1952-64 229,000.00
%% Highway Bonds, due January 1950 25,000.00
% Highway Bonds, due July 1961-...._ 94,000.00
% Building Bonds, due April 1968 7,000.00
%% Building Bonds, due April 1968 301,000.00
1/2% Building Bonds, due January 1962-66 153,000.00
t%% Building Bonds, due October 1963 _... 229,000.00
% Building Bonds, due July 1961 64,000.00
% Funding Bonds, due February 15, 1952 -. 4,000.00
% Improvement Bonds, due July 1953 8,000.00
Educational and Charitable Institutions Sinking Fund No. 5
Highway Bonds, due January 1951 , 2,000.00
Highway Bonds, due J. & J. 1950-64 813,000.00
Highway Bonds, due January 1950-52 29,000.00
Highway Bonds, due July 1961 363,000.00
Building Bonds, due April 1968 . 340,000.00
Building Bonds, due April 1968 297,000.00
Building Bonds, due January 1962-66 505,000.00
Building Bonds, due October 1963 198,000.00
Building Bonds, due October 1963 746,000.00
Building Bonds, due July 1961 473,000.00
Redemption & Improvement, due J. & J. 1950-53 92,000.00
4%% Special School Building, due January 1950-52 68,000.00
414% Great Smoky Mountain Park Bonds, due April 1950.. 26,000.00
% Funding Bonds, due February 15, 1952 . ..._ 69,000.00
% School for Feeble Minded Bonds, due July 1951 1,000.00
4^/4% World War Veterans Loan Bonds, due April 1950 ._..- 33,000.00
% Farm Colony Bonds, due April 1967 5,000.00
% State Prison Bonds, due July 1967 --- 6,000.00
Educational and Charitable Institutions Sinking Fund No.
414% Highway Bonds, due January 1952 3,000.00
4y2% Highway Bonds, due J. & J. 1951-64 ._.... 294,000.00
% Highway Bonds, due July 1961 80,000.00
575,500.00
1,119,000.00
4,066,000.00
28 Report of State Treasurer
Building Bonds, due April 1968 174,000.00
Building Bonds, due April 1968 59,000.00
Building Bonds, due January 1962-66 __ __. 112,000.00
Building Bonds, due October 1963 34,000.00
Building Bonds, due October 1963 . _ - 68,000.00
Building Bonds, due July 1961 ...._ _ 70,000.00
State Prison Bonds, due July 1967 3,000.00
Redemption & Improvement Bonds, due J.&J. 1950-53 15,500.00
Administration Building Bonds, due July 1951— - 4,000.00
World War Veterans Loan Bonds, due July 1951 3,000.00
Funding Bonds, due February 15, 1952 20,000.00
4 %
41/4%
41/2%
41/2%
4%%
5 %
4 %
4 %
4 %
4 %
5 %
Educational and Charitable Institutions Sinking Fund No. 7
414% Highway Bonds, due January 1952 57,000.00
41/2% Highway Bonds, due J. & J. 1951-64 __. _ 235,000.00
4%% Highway Bonds, due January 1951 _. - 1,000.00
5 % Highway Bonds, due July 1961 87,000.00
4 % Building Bonds, due April 1968 .- 70,000.00
414% Building Bonds, due April 1968 3,000.00
41/^% Building Bonds, due January 1962-66 _... 65,000.00
41^% Building Bonds, due October 1963 „ 25,000.00
4%% Building Bonds, due October 1963 189,000.00
5 % Building Bonds, due July 1961 66,000.00
5 % Funding Bonds, due February 15, 1952 . 2,000.00
4 % World War Veterans Loan Bonds, due July 1951.-.. 1,000.00
414% World War Veterans Loan Bonds, due April 1950.... 11,000.00
4 % Farm Colony Building Bonds, due April 1967 '14,000.00
4 % Refunding & Improvement Bonds, due J.. & J. 1950-53 14,500.00
414% Park Bonds, due April 1950 " 5,000.00
4 % Administration Building Bonds, due July 1951 2,000.00
4%% Public Improvement Bonds, due October 1963.. 15,000.00
4 % State Redemption Bonds, due July 1950 4,000.00
Public School Sinking Fund No. 9
41/2% Highway Bonds, due J. & J. 1953-64 70,000.00
5 % Highway Bonds, due July 1961 168,000.00
4 % Building Bonds, due April 1968 3,000.00
41^% Building Bonds, due April 1968 .. 57,000.00
4%% Building Bonds, due January 1962-66 78,000.00
43^% Building Bonds, due October 1963 38,000.00
5 % Building Bonds, due July 1961 82,000.00
Public School Sinking Fund No. 12
41/^% Highway Bonds, due J. & J. 1953-61 53,000.00
5 % Highway Bonds, due July 1961 .... 8,000.00
414% Building Bonds, due April 1968 9,000.00
866,500.00
496,000.00
Report of State Treasurer 29
34% Building Bonds, due October 1963 10,000.00
% Building Bonds, due July 1961 58,000.00
138,000.00
Total Securities in Sinking Funds .. ....._ $20,862,900.00
Cash uninvested . 95,113.68
Total - - - $20,958,013.68
REPORT OF THE STATE TREASURER
BONDED DEBT OF THE STATE OF NORTH CAROLINA
JUNE 30. 1943
Genkral Fcxi) Bojcds
% Hospital Bonds, July 1909, due July 1949 $ 500,000 00
% Redemption Bonds, July 1910, due July 1950 3,429,000.00
4 % Administration Building Bonds, July 1911, due
July 1951 250,000.00
% Feeble Minded School Bonds, July 1911, due July
1951 ....- 60,000.00
% Improvement Bonds, July 1913, due July 1953 1,142,500.00
% Refunding Bonds, January 1913, due January 1953 _ 550,000.00
% Funding Bonds, February 15, 1922, due February
15, 1947-52 3,000,000.00
Si^% General Fund Bonds, July 1934, due July 1943-47..-- 5,230,000.00
2V2% General Funding and Improvement Bonds, July
1935, due July 1943-45 2,104,000.00
4 % Farm Colony Bonds, April 1931, due April 1967... 60,000.00
4 % Building Bonds, April 1931, due April 1968 4,244,000.00
414% Building Bonds, April 1930, due April 1968 1,000,000.00
414% Park Bonds, April 1930, due April 1944-72 1,450,000.00
41/2% Building Bonds, January 1922, due January 1962...... 3,373,000.00
41/^% Building Bonds, January 1926, due January 1966...... 5,125,000.00
414% Building Bonds, October 1923, due October 1963 3,049,000.00
43^% Building Bonds, October 1923, due October 1963 7,100,000.00
4%% Building Bonds, October 1923, due October 1963 500,000.00
5 % Building Bonds, July 1921, due July 1961 3,372,000.00
4 % Prison Bonds, July 1931, due July 1967 400,000.00
31^% Building Bonds, April 1937, due April 1944-45 ..... 300,000.00
2%% Building Bonds, April 1937, due April 1946-48 1,892,000.00
31/4% Office Building Bonds, April 1937, due April 1944-45.. 100,000.00
2%% Office Building Bonds, April 1937, due April 1946-48.. 375,000.00
2 % Building Bonds, July 1938, due July 1948-49 1,635,000.00
2%% Building Bonds, July 1938, due July 1943-48 2,315,000.00
11/4% Improvement and School Book Bonds, July 1939,
due July 1943-49 1,950,000.00
30 Report of State Treasurer
11/^% Improvement and School Book Bonds, July 1939,
due July 1943 100,000.00
%% N. C. State College Building Bonds, April 1941,
due 1945-48 -.- 70,000.00
%% School for the Deaf Bonds, April 1941, due April
1945-48 215,000.00
%% Eastern N. C. Sanatorium, April 1941, due April
1945-48 465,000.00
iy2% N. C. State College Building Bonds, April 1941,
due April 1944 20,000.00
iy2% School for the Deaf Bonds, April 1941, due April
1944 60,000.00
1%% Eastern N. C. Sanatorium Bonds, April 1941, due
April 1944 135,000.00
$ 55,570,500.00
Public School Speci.\l Building Bonds
414% Dated January 1928, due January 1944-52
(Laws 1927) . 1,125,000.00
4%% Dated January 1927, due January 1944-51
(Laws 1925) 2,000,000.00
41/2% Dated January 1922, due January 1944-47
(Laws 1921) 835,000.00
41/4% Dated January 1926, due January 1944-50
(Laws 1923) 1,750,000.00
5,710,000.00
World War Veterans Loan Bonds
414% Dated April 1930, due April 1950 2,000,000.00
4 % Dated July 1931, due July 1951. 500,000.00
2,500,000.00
Highway Serial Bonds
4 % Dated January 1927-31, due July 1943-48 8,999,000.00
41/4% Dated January 1931, due January 1944-54 (Cape
Fear) ,.... 850,000.00
414% Dated January 1930, due January 1944 (Chowan
Bridge ) 50,000.00
4%% Dated January 1927, due January 1944-49.....'. ....... 5,949,000.00
41/2% Dated J. & J. 1921-26, due January 1944-64 30,084,000.00
41/2%, Dated J. & J. 1921-26, due July 1943-61 .- 9,947,000.00
4%% Dated January 1923, due January 1944-52 2,250,000.00
5 % Dated July 1921, due July 1951-61...... 4,525,000.00 62,654,000.00
Total Debt $126,434,500.00
Report of State Treasurer 31
POSTWAR RESERVE FUND
Investments June 30, 1943
tate of North Carolina Bonds $ 872,292.22
Jnited States Treasury Certificates of
Indebtedness%%, Series A 5,000,000.00
Jnited States Treasury Certificates of
Indebtedness, %%, Series B,_.... ^ 14,002,000.00
$19,874,292.22
lash on hand June 30, 1943 - 125,707.78
$20,000,000.00
LAW ENFORCEMENT OFFICERS' BENEFIT AND RETIREMENT FUND
Investments June 30, 1943
Certificates of Deposit $ 5,000.00
Building and Loan Association Stocks 71,000.00
— 76,000.00
United States Treasury Bonds 177,594.27
North Carolina Municipal and County Bonds 376,831.85 554,426.12
$ 630,426.12
Cash on hand June 30, 1943 . 6,922.29
Total $ 637,348.41
INVESTMENTS FOR TEACHERS' AND STATE EMPLOYEES' RETIREMENT FUND,
JUNE 30, 1943
Annuity Savings Fund
County Bonds $1,083,942.45
Municipal Bonds 1,893,353.70
U. S. Treasury Bonds 100,000.00
.$ 3,077,296.15
Cash on hand June 30, 1943 91,125.07
$ 3,168,421.22
Pension Accumulation Fund
County Bonds $1,181,259.97
Municipal Bonds _.___ 2,048,347.39
State of North Carolina 145,009.80
United States Treasury Bonds _ _ 50,000.00
• 3,424,617.16
Cash on hand June 30, 1943 210,005.67 3,634,622.83
Total Both Funds $ 6,803,044.05
32 Report of State Treasurer
REPORT OF STATE TREASURY DEPARTMENT
CONSOLIDATED STATEMENT
Receipts and Disbursements Fiscal Year Ending June 30, 1944
Receipts
Cash Receipts Fimd Transfers
Cash Balance July 1, 1943 $67,056,562.30
General Fund Revenue $77,312,568.41 $ 1,231,943.88
General Fund Departments
and Institutions 12,052,357.03 5,743,486.10
$89,364,925.44 $ 6,975,429.98
Total General Fund $96,340,355.42
Federal Funds _ 10,919,035.94 10,476.42 10,929,512.36
Highway Funds ._.._ 36,107,873.48 36,107,873.48
Special Funds 70,550,824.65 28,034,481.35 98,585,306.00
Debt Service 153,417.27 13,624,015.00 13,777,432.27
Permanent Improvement Funds 847,632.67 14,516.23 862,148.90
Sinking Funds 982,596.46 785,030.36 1,767,626.82
Total Receipts $258,370,255.25
Total $325,426,817.55
Disbursements
Cash Fund
Dishursements Transfers
General Fund Revenue
Refunds $ 1,928,466.98
General Fund Departments
and Institutions __ 31,056,275.32 $32,829,189.36
State Public Schools ; -,118,617.43
$' ,103,359.73 $32,829,189.36
Total General Funds ' $102,932,549.09
Federal Funds ,792,877.29 5,547,227.75 10,340,105.04
Highway Funds Z -,114,254.69 7,939,021.25 27,053,275.94
Special Funds : ,416,261.15 2,803,350.96 98,219,612.11
Debt Service _.— i,790,374.50 13,790,374.50
Permanent Improvement Funds 916,895.29 916,895.29
Sinking Funds 1,724,019.09 325,160.02 2,049,179.11
Total Disbursements ..-. $255,301,991.08
Cash Balance June 30, 1944 70,124,826.47
Total .-- $325,426,817.55
Report of State Treasurer 33
report of state treasurer
Receipts fok Fiscal Year Ending June 30, 1944
Cash Balance July 1, 1943 $ 67,056,562.30
Gash Receipts Fund Transfers
General Fund Revenue:
Tax Revenue
Schedule "A" Inheritance
Tax $ 986,099.79
Schedule "B" License Tax-_ 2,397,927.87
Schedule "C" Franchise
Tax 10,693,299.59
Schedule "D" Income Tax _- 36,557,319.93
Schedule "B" Sales Tax __.. 19,674,941.91
Schedule "F" Beverage Tax 4,489,226.52
Schedule "G" Gift Tax 84,025.55
Schedule "H" Intangible
Tax 2,040,319.35
Schedule "lA" Freight Car-lines
Tax 21,983.61
Miscellaneous Under Rev-enue
Act 5,571.73
Corporation Tax, State
Department 55,088.21
Fees and Seals, Executive
Department 21,882.50
Filing Fees, Board of
Elections 5,654.00
Industrial Commission 4% x
Tax 45,360.96
Fees, Insurance Department 14,970.15
Fees, Attorney General 294.30
Capital Issues 7,785.55 ,
Non-TaxRevenue _
Gasoline Inspection .__ _._. 1,0105385.69
Oil Inspection 21 558.19
Railroad Dividends 210,014.00
Board of Accountancy 464.61 ' v.i
Board of Examiners, Plumb- -'g
ing and Heating . ; ;
Contractors _____ 265.03
Miscellaneous Non-Tax ';
Revenue 73.25
$77,312,568.41 $ 1,231,943.
Total General Fund
Revenue $78,544,512.29
34 Report of State Treasurer
(Receipts)
Cash Receipts Fund Transfers
Departmental Receipts:
Governor's OflRce % 2,928.00
Budget Bureau $ 1.75 747.45
State Auditor 2,820.66
State Treasurer _ 321.20 679.00
Attorney General —. 356.40
Bureau of Investigation 509.50
Department of Revenue
—
Administration 12,583.12
Gasoline Inspection 141.38
Department of Tax Research 14.63
Department of Public
Instruction _ 11,687.23
Historical Commission 583.79
State Library _.. 441.32
Libi-ary Commission .._ ,. 92.90
Board of Charities and
Public Welfare 2,456.63 18,627.41
State Board of Health . 46,290.29
State Laboratory of Hygiene 64,305.10
Adjutant General 737.38
Utilities Commission 22,383.57
Insurance Department 30,343.34
Department of Labor
—
Administration 117,102.33
Board of Boiler Rules 3,345.00
Industrial Commission 5,157.07
Department of Conservation
and Development
Administration 369,591.52
Commercial Fisheries 27,158.14
Local Government Commis-sion
891.38
Department of Agriculture
—
Weights and Measures 3,082.50
Credit Unions 5,334.44
State Museum .— 115.73
Board of Public Buildings
and Grounds 74,13L92
Commission for the Blind 27,568.76
Teachers' and State Em-ployees'
Retirement
System 747.25
$ 830,296.23 $ 22,981.86
Total Departmental
Receipts .— % 853,278.09
Report of State Treasurer 35
(Receipts)
Cash Receipts Fund Transfers
Educational Institutions Receipts:
University of North Carolina
—
Administration -- $ 4,382,892.53
Service Plants 1,380,530.57
State College of A. & E.—
College Division 2,065,507.37
Experiment Station 84,576.61 220,794.40
Cooperative Agriculture
Extension 67,318.85 931,813.01
Woman's College of U. N. C. 941,457.56
East Carolina Teachers
College 289,409.21
Negro A. & T. College 355,775.67
Western Carolina Teachers
College 77,487.65
Appalachian State Teachers
College 154,870.71
Pembroke State College for
Indians 5,773.50
Winston-Salem Teachers
College -. 116,683.05
Elizabeth City State
Teachers College 83,113.69
Fayetteville State Teachers
College -. 98,425.44
N. C. College for Negroes .-.
.
137,880.77
N. C. School for the Deaf,
Morganton 16,194.65
State School for the Blind
and Deaf, Raleigh 18,790.43
$10,276,688.26 $ 1,152,607.41
Total Educational Insti-tutions
Receipts $11,429,295.67
Charitable and Correctional
Institutions Receipts:
State Hospital, Raleigh $ 123,088.14
State Hospital, Morganton... 70,490.07
State Hospital, Goldsboro.... 40,158.67
Caswell Training School..... 11,778.66
North Carolina Orthopedic
Hospital 4,323.08
North Carolina Sanatorium
—
Administration 176,656.97
Extension Bureau 68.65
36 Report of State Treasurer
(Receipts)
Cash Receipts Fund Transfers
Western North Carolina
Sanatorium 74,356.05
Eastern North Carolina
Sanatorium 44,182.91
Stonewall Jackson Training
School 5,907.11
State Home & Industrial
School for Girls 877.94
Morrison Training School.— 448.39
Eastern Carolina Training
School 4,508.68
State Industrial Farm
Colony for Women 1,593.32
N. C. Confederate Soldiers
Home 1,020.00
$ 559,458.64
Total Charitable and Cor-rectional
Institutions
State Aid & Subsidies Receipts:
Board of Charities and
Public Welfare-
Old Age Assistance 5 2,275,926.76
Aid to Dependent Children 813,030.14
Aid to County Adminis-tration
203,043.71
Fugitives from Justice $ 100.00
Commission for the Blind,
Blind Aid 2,641.64 394,100.87
Cape Hatteras Seashore
Commission . 5,769.57
Public Printing and Cooper-ative
Supplies 62,515.86
Merit System Council 15,631.51
Commission on National
Defense .. .. 113.05
Emergency Medical Service 50,000.00
Vocational and Normal
School for Indians 3,646.31
Civil Air Patrol 11.71 16,527.88
Loan to A. & N. C. Railroad.. 22,000.00
N. C. Symphony Orchestra.— 500.00
Confederate Veterans and
Widows 50.00
$ 559,458.64
Report of State Treasurer 37
(Receipts)
Cash Receipifi Fund Transfers
Contingency and Emergency
Fund 55,443.31
Department of Education
—
Nine Months School 185,351.47
State School Commission.. 19.93
Vocational Education ...... 8,578.24 815,267.47
Industrial Rehabilitation . 50.00
Vocational Textile Train-ing
School - 23,491.30
$ 385,913.90 % 4,567,896.83
Total State Aid and Subsidies Receipts % 4,953,810.73
Total Receipts General Fund All Sources .$96,340,355.42
Special Fund Receipts:
Agriculture Department—
-
Administration $ 781,178.83
Warehouse System
—
Supervision 164,458.99
Warehouse System
Principal - 31,292.88
Cooperative Inspection
Service 105,305.40
Land Purchases 14,900.00
State Fair 6,986.54
Sheep Distribution
Project 58,618.84
Banking Department 87,018.46
Bus Regulation and Deposi-tory
Account 3,000.00
Civil Engineers and Land
Surveyors 821.00
Gasoline Inspection Tax. .... 1,016,385.69
Oil Inspection Tax 215,558.19
Confederate Women's Home,
Trust Fund 1,696.84
Pensions, Confederate Vet-erans
and Widows % 221,745.65
Insurance Department 47,312.80
Law Enforcement Officers
Benefit Fund:
Contribution Account 98,648.92
Court Cost 292,276.23
North Carolina Board of
Health-
Bedding Fund 15,790.37
Dental Fund 28,882.00
Reynolds Foundation 199,121.65
38 Report of State Treasurer
(Receipts)
Cash Receipts Furid Transfers
Special School Funds
—
Literary Fund 294,671.14 12,600.00
Rodman Trust Fund 2,689.74
School Building Fund,
Laws 1921 28,897.78 276,252.22
School Building Fund,
Laws 1923 251,763.70 75,361.30
School Building Fund,
Laws 1925 329,198.50 746.50
School Building Fund,
Laws 1927 185,749.11
Department of Education. 11,817.49
Textbook Commission 494,323.08
Commercial Education . ... 611.00
Health Education, Rocke-feller
Foundation 16,693.33
U. N. C. Escheat, Refund
Account 20.79
Self-Liquidating Accounts
University of N. C 1,013,901.03
State College of A. & B. __. 94,464.94
Woman's College of U.N.C. 97,275.00
Teachers' and State Em-ployees'
Retirement
System^
—
. Annuity Savings Fund_—. -2,423,307.65
Annuity Reserve Fund—— 18,654.50
Pension Accumulation
Fund --- 1,436,880.15 2,215,022.00
. Retirement Fund 261.38 164,099.18
State Commission for the
Blind, County Funds 125,447.46
Civilian Defense, Emergency
Medical Service — 50,000.00
N. C. Burial Commission 30,716.74
State Board of Barber
Examiners 31,679.84
N. C. Board of Cosmetic Art 40,735.44
Division of Game and Inland
Fisheries 324,280.56
Postwar Reserve Fund 24,369,503.88
Genei'al Fund Temporary
Investment Account 15,134,150.25 25,000,000.00
Unemployment Compensation
Commission, Clearing
Account 20,176,330.49
Report of State Treasurer 39
(Receipts)
Cash Receipts Fund Transfers
Workmen's Compensation
Security Funds
—
Mutual Companies - - 35,447.93
Stock Companies 37,120.79
World War Veterans Loan
Fund
—
Account No. 1 - 295,414.66
Account No. 2 77,869.68
Appraisal Account —- — 3,490.90
State School for the Blind &
Deaf, Haas Trust Fund . .. 5,325.00
N. C. Orthopedic Hospital,
Van Ness Fund 11,527.91
State Treasurer, Suspense
Account 3.68
$70,550,824.65 $28,034,481.35
Total Special Fund
Receipts $98,585,306.00
Highway Funds:
Automobile License $ 8,968,063.62
Gasoline Tax 22,004,688.94
Miscellaneous & Federal Aid 3,033,805.46
Bus and Franchise Tax 2,101,315.46
Total Highway Receipts..- $36,107,873.48
Debt Service Funds:
Interest on Bonds
—
General Fund Bonds $ 212.50 $ 2,097,120.00
Highway Bonds ..... 2,641,021.25
Public School Bonds 229,918.75
World War Veterans Loan
Fund Bonds 105,000.00
Laboratory of Hygiene
Revenue Bonds 5,805.00
University of N. C. Rev-enue
Bonds 33,991.25
State College of A. & E.
Revenue Bonds 13,977.50
Woman's College of U.N.C.
Revenue Bonds 8,692.50
Interest Reserve, Uni-versity
of N. C.
Revenue Bonds _ 5,607.25
40 Report of State Treasurer
(Receipts)
Cash Receipts Fund Transfers
Interest Reserve, State
College of A. & E. ^
Revenue Bonds , 1,397.77
Interest Reserve, Woman's
College of U. N. C.
Revenue Bonds 1,738.50
Redemption of Bonds
—
General Fund Bonds 2,865,150.00
Highway Bonds 2,000.00 4,798,000.00
Public School Bonds 875,000.00
Laboratory of Hygiene
Revenue Bonds 7,000.00
University of N. C. Reve-nue
Bonds 43,000.00
State College of A. & B.
Revenue Bonds 21,000.00
Woman's College of U.N.C.
Revenue Bonds... 10,000.00
Principal Reserve, Uni-versity
of N. C. Revenue
Bonds 6,600.00
Principal Reserve, State
College of A. & E.
Revenue Bonds 4,200.00
Principal Reserve, Woman's
College of U. N. C.
Revenue Bonds 1,000.00
% 153,417.27 $13,624,015.00
Total Debt Service Receipts • $13,777,432.27
Permanent Improvement Funds:
Emergency Loan Fund
1929-31 $ 1,796.23
Emergency Loan Fund
1933-35 12,720.00
University of N. C, Laws
1941, Code 1510 $ 104,460.60
State College of A. & E.,
Agriculture Bldg., Laws
1941 4-1,671.33
State College of A. & E.,
Agriculture Bldg., Laws
1943, Code 1551 191,079.22
Diesel Equipment and In-stallation,
Laws 1943 .. 473,105.74
Armory and Colosseum 30,000.00
Boys Dormitory, Laws 1938-. 795.40
Report of State Treasurer 41
(Receipts)
CasJi Receipts Fund Transfers
Eastern N. C. Sanatorium,
Laws 1941 _. _ 16.30
A. & N. C. Railroad, Laws
1941
Total Permanent Improve-
6,504.08
% 847,632.67 $ 14,516.23
ment Receipts —
-
% 862,148.90
T'ederal Funds:
' Tennesse Valley Authority- % 64,524.79
Forest Reserve Fund 42,868.03
i
State College of A. & E.—
Smith-Lever Fund 854,791.23
Experiment Station 196,085.56
Emergency Farm Labor
Program 165,551.40
War Food Administration 65,000.00
T.V.A. Swain Co. Bond
Redemption 400,000.00
State Board of Charities &
Public Welfare—
-
Child Welfare Service 47,192.12
Old Age Assistance 2,263,505.08 9,704.01
Aid to Dependent Children 767,250.23 772.41
Old Age Assistance,
County Administration.- 113,835.42
Aid to Dependent Children,
County Administration- 111,619.90
State Board of Health-
Venereal Disease Control- 420,235.22
Division of Crippled
Children 129,207.53
Maternal & Child Health
Service 895,779.02
Public Health Funds 403,249.94
Commission for the Blind
—
Blind Aid 254,568.11
Administration to Counties 8,515.01
Vocational Rehabilitation 28,224.50
Department of Education-
Vocational Education 866,498.73
Defense Training 1,119,306.89
Child Care 6,090.03
Community School Lunch
Room Program - 703,193.20
42 Report of State Treasurer
(Receipts)
Cash Receipts Fund Transfers
Unemployment Compensa-tion
Commission
—
Administration 599,124.43
Benefit Account 392,819.57
),919,035.94 % 10,476.42
Total Federal Funds Receipts .-__ $10,929,512.36
Total All Special Funds .._ $160,262,273.01
Sinking Fund Receipts:
Highway No. 1 $ 118,833.00 $ 100,000.00
Highway No. 2 481,233.46 400,000.00
Special School Building
No. 3 25,845.00
Special School Building
No. 4 50,960.00
Special School Building
No. 9 24,182.50
Special School Building
No. 12 6,542.50 13,710.36
Educational & Charitable
No. 5 190,445.00 163,000.00
Educational & Charitable
No. 6 43,845.00 51,250.00
Educational & Charitable
No. 7 40,710.00 57,070.00
$ 982,596.46 $ 785,030.36
Total Sinking Fund Receipts _.._._ -- $ 1,767,626.82
Total Receipts All Sources $325,426,817.55
Report of State Treasurer 43
REPORT OF STATE TREASURER
Disbursements for the Fiscal Ye.\r Ending June 30, 1944
Cash Fund
Disbursements Transfers
General Fund Disbursements:
Departmental Disbursements:
General Assembly $ 9,701.35
Supreme Court Justices 64,072.40
Departmental Expense 34,307.35
Printing Reports & Reprints 7,342.98
Superior Court
—
Judges - 239,074.39
Solicitors 106,116.18
Governor's Office 40,507.26 $ 2,928.00
Budget Bureau 29,687.90 747.45
Division of Purchase and
Contract 28,362.64
Secretarj^ of State 34,611.80
State Auditor 62,022.14
State Treasurer ... 52,328.18 679.00
Department of Justice
—
Attorney General 45,883.54
Criminal Statistics 331.61
Bureau of Investigation— 55,711.23
Department of Revenue
—
Administration 695,247.63
Tax Research 38,499.58
Gasolina & Oil Inspection.. 84,429.11
Department of Public In-struction
136,189.05
Historical Commission 27,280.89
State Library 12,653.62
Library Commission 20,532.88
State Board of Charities &
Public Welfare-
Administration 151,843.23 151.73
Eugenics Board 635.09
State Board of Health.... 410,973.87
State Laboratory of Hygiene 115,828.49 12,805.00
Adjutant General 121,831.41
Utilities Commission
—
Administration 62,994.57
Bus and Freight Rate
Investigation 14,249.63
Insurance Department 90,017.54
Department of Labor
—
Administration 227,655.20
Board of Boiler Rules 3,327.49
44 Report of State Treasurer
(DlSBlKSEMENTS)
Cash Fund
Disbursements Transfers
Industrial Commission 96,297.09
Department of Conservation
and Development
—
Administration 629,133.49
Commercial Fisheries 45,130.69
State Board of Elections..... 8,624.93
Local Government Commis-sion
21,350.61
Department of Agriculture
—
Weights and Measures 29,546.67
Credit Union 8,820.99
State Museum 11,941.20
Board of Public Buildings
and Grounds 220,847.62
Governor's Mansion 266.65
Board of Alcoholic Control.. 53,315.04
Unemployment Compensa-tion
Commission, Employ-ment
Service 18.07
Commission for the Blind.... 89,992.41
Rural Electrification
Authority 12,845.38
Teachers' and State Em-ployees'
Retirement Sys-tem,
Administration 45,003.33
$ 4,297,384.40 $ 17,311.18
Total Departmental
Disbursements $ 4,314,695.58
Educational Institutions Disbursements:
University of North Carolina $ 5,245,459.56
University Service Plants... 1,471,849.16
State College of A. & E.—
College Division 2,710,684.53
Experiment Station 498,179.36
Cooperative Extension
Service 1,287,543.57
Woman's College of U.N.C... 1,349,220.85
East Carolina Teachers
College 442,116.98
Negro A. & T. College 439,162.16
Western Carolina Teachers
College 167,096.82
Appalachian State Teachers
College 289,956.75
Report of State Treasurer 45
Pembroke State College for
Indians
Winston-Salem Teachers
College
Elizabeth City Teachers
College
Fayetteville State Teachers
College
N. C. College for Negroes.—-
N. C. School for the Deaf,
Morganton
State School for the Blind
and Deaf, Raleigh
Blind Student Aid
Total Educational Insti-tutions
Disbursements -—
Charitable and Correctional
Institutions Disbursements
—
N. C. Hospital Board of
Control $ 10,559.20
State Hospital, Raleigh 850,319.60
State Hospital, Morganton... 863,021.35
State Hospital, Goldsboro ... 372,646.85
Caswell Training School-- 213,845.44
N. C. Orthopedic Hospital— 126,915.89
N. C. Sanatorium
—
Administration 425,509.64
Extension Bureau 14,264.54
Western N. C. Sanatorium.. 210,769.19
Eastern N. C. Sanatorium.- 144,867.46
N. C. Board of Correction
and Training 5,675.32
Stonewall Jackson Training
School 143,898.21
State Home and Industrial
School for Girls 71,443.87
Morrison Training School— 59,576.02
Eastern Carolina Training
School 37,117.45
State Industrial Farm
Colony for Women 29,078.47
Confederate Cemetery 350.00
Confederate Women's Home 13,293.61
Oxford Orphanage 35,000.00
Junior Order Orphanage..— 10,000.00
( DiSBUBSEMENTS )
Cash Fund
Disbursements Transfers
55,093.26
168,815.82
116,756.16
156,585.13
302,103.97
185,789.76
172,475.94
2,400.00
?15,061,289.7S
46 Report of State Treasurer
Oxford Colored Orphanage.
Pythian Home
Total Charitable and Cor-rectional
Institutions
Disbursements —
(Disbursements)
Cash Fund
Distursements Transfer's
33,000.00
5,000.00
$ 3,676,152.11
State Aids and Subsidies:
Board of Charities and
Public Welfare
—
Care of Dependent
Children $ 6,481.54
Old Age Assistance 3,524,680.16 | 9,704.01
Aid to Dependent Children 1,256,947.39 772.41
Aid to County Adminis-tration
341,752.33
Board of Health, Orthopedic
Clinics - 7,125.00
Fugitives from Justice..... 1,237.15
Indemnity Diseased Slaugh-tered
Livestock
—
Tuberculosis & Glanders.. 487.50
Bangs Disease 10,931.07
Landscript Fund 7,500.00
Fireman's Relief Fund 1,750.00
Bennett Memorial 100.00
Confederate Museum :..... 400.00
Commission for Blind,
Blind Aid 525,788.88
Control of Japanese Beetles.. 10,555.60
Control of White Fringed
Beetles 1,382.56
Dept. of Agriculture, Hog
Cholera Work 3,382.14
Cape Hatteras Seashore
Commission 12,915.07
Teachers' and State Em-ployees'
Retirement Sys-tem,
State Contribution.... $ 2,215,022.00
State Aid to Public
Libraries 124,737.23
Division of Commercial
Fisheries 101.81
Public Printing and Co-operative
Supplies 60,449.38
Merit System Council 24,503.49
Report of State Treasurer 47
(Disbursements)
CasJi Fund
Disbursements Transfers
Vocational Textile Training
School 17,523.00
Council of National Defense 50,601.11
Commission to Study Medi-cal
School and Hospital
Facilities 695.81
Emergency Loan Fund
Repayments __.. 14,516.23
State Planning Board 2,530.81
General Fund Temporary
Investment Acct. 25,000,000.00
Expenses Revenue Dept.
Trials 4,000.00
Emergency Medical Services 100,000.00
Vocational and Normal
School for Indians 7,292.62
Civil Air Patrol 18,209.45 16,527.88
Farm Labor Commission 3,498.26
State Art Society 2,021.85
N. C. Symphony Orchestra.. 2,499.36
State Soil Conservation
Committee 1,424.29
N. C. Aeronautic Commission 1,417.92
Great Smoky Mountain
National Park 100,000.00
Pensions
—
Confederate Veterans and
Widows 805.00 221,745.65
Olivia B. Grimes 600.00
Annie Burgin Craig 1,200.00
Mrs. C. B. Aycock 1,200.00
Mrs. W. W. Kitchin 1,100.00
Teachers' and State Em-ployees'
Retirement
System, Pensions 40,846.83
Debt Service
—
Interest on General Fund
Bonds 2,097,120.00
Sinking Fund Installment 271,320.00
Redemption of General
Fund Bonds 2,865,150.00
Department of Education
—
Nine Months School 37,118,617.43
State School Commission _ 71,077.67
Vocational Education 1,538,437.80
Adult Education 1,989.05
48 Report of State Treasurer
Purchase of Free Text-books
Industrial Rehabilitation.
Vocational Textile Train-ing
School
Purchase of School Busses
Total State Aids and Sub-sidies
DisbursementS-
( Disbursements)
Cash Fund
Disbursements Transfers
124,463.52
9,960.79
61,851.10
32,994.49
$45,140,066.46 $32,811,878.18
$77,951,944.64
General Fund Revenue Refunds:
Schedule "A" Inheritance
Tax $ 16,895.96
Schedule "B" License Tax._ 44,648.19
Schedule "C" Franchise Tax 28,716.72
Schedule "D" Income Tax.. 517,884.36
Schedule "E" Sales Tax ..._.. 21,575.56
Schedule "F" Beverage Tax 22,372.01
Schedule "G" Gift Tax 4,210.10
Schedule "H" Intangible Tax 11,710.23
Schedule "lA" Freight Car
Line 24.97
Intangible Tax Payments
to Counties, Cities and
Towns 1,259,518.58
Secretary of State 799.45
Governor's Office 17.50
Board of Elections 66.00
Industrial Commission 4%
Tax 27.35
Total Revenue Refunds ....
Total General Fund
Disbursements
Special Fund Disbursements:
Department of Agriculture
—
Administration $ 635,800.75
Warehouse System
Supervision 145,813.20
Warehouse System
Principal 92,500.00
Cooperative Inspection
Service ....... 91,855.55
State Fair 34,069.35
$ 1,928,466.98
$102,932,549.09
Report of State Treasurer 49
(Disbursements)
Cash Fund
Disbursements Transfers
Sheep Distribution Project 52,690.65
Land Purchases 28,904.74
Banking Department ..-- 73,779.80
Bus Regulation and Deposi-tory
Account 2,642.50
Civil Engineers and Land
Surveyors 2,525.06
Gasoline Inspection Tax...... $1,016,385.69
Oil Inspection Tax 215,558.19
Confederate Women's Home
Trust Fund - 55.00
Pensions, Confederate
Veterans and Widows 221,281.91
Insurance Department 43,498.84
Law Enforcement Officers
Benefit Funds
—
Contribution Account 97,394.16
Court Cost 291,914.37
N. C. Dry Cleaners Com-mission
4.86
N. C. Board of Health-
Bedding Fund 7,103.50
Dental Fund 33,841.29
Reynolds Foundation 185,818.08
Special School Funds
—
Literary Loan Fund 38,836.83 $ 12,600.00
Rodman Trust Fund .__ 786.46
Special Building Fund,
Laws 1921 305,150.00
Special Building Fund,
Laws 1923 327,125.00
Special Building Fund,
Laws 1925 - 2,395.00 329,687.50
Special Building Fund,
Laws 1927 2,295.00 183,866 61
Department of Education 20,922.66
State Textbook Commission 493,853.46
Commercial Education 286.39
Health Education, Rocke-feller
Foundation 18,089.03
U. N. C. Escheat Refund
Account 20.79
Self Liquidation Accounts
—
University of North
Carolina 1,050,570.80
State College of A. & E. _._ 85,479.72
Woman's College of U.N.C. 77,191.00
50 Report of State Treasurer
( DiSBUKSEMENTS )
Cash Fund
Disbursements Transfers
Teachers' and State Em-ployees'
Retirement
System
—
Annuity Savings Fund....._ 2,384,319.04 18,654.50
Annuity Reserve Fund 3,271.90
Pensions Accumulation
Fund ._.- - 3,657,141.57 160,827.28
Retirement Fund -.._ 175,058.52
State Commission for Blind,
County Funds 125,224.29
Division of Game and
Inland Fisheries 325,461.36
Postwar Reserve Fund 24,495,100.14
General Fund Temporary
Investment Account 40,133,000.00
Unemployment Compensa-tion
Commission
Clearing Account 19,897.881.42
Workman's Compensation
Security Funds
—
Mutual Companies 76,025.84
Stock Companies 51,989.53
World War Veterans Loan
Fund-
Account No. 1 253,798.22 85,000.00
Account No. 2 62,146.46 20,000.00
Rental Account 8.49
Appraisal Account 4,783.40
State Board of Barber
Examiners 24,416.33
State Board of Cosmetic Arts 19,432.17
N. C. Burial Commission 23,422.54
Rosenwald Fund 42.26
Motor Vehicle Bureau, New
Account 13.11
Highway and Public Works
Commission 19,114,254.69 7,939,021.25
1114,530,515.84 $10,742,372.21
Total Special Fund
Disbursements $125,272,888.05
Debt Service Funds:
Interest on Bonds
—
General Fund Bonds. $ 2,121,354.50
Highway Bonds 2,758,717.50
Public School Bonds 247,082.50
Report of State Treasurer 51
World War Veterans Loan
Bonds -
Laboratory of Hygiene
Revenue Bonds
University of N. C.
Revenue Bonds
State College of A. & E.
Revenue Bonds
Woman's College of U. N.
C. Revenue Bonds
Redemption of Bonds
—
General Fund Bonds
Highway Bonds
Public School Bonds
Laboratory of Hygiene
Revenue Bonds
University of N. C.
Revenue Bonds .—
State College of A. & E.
Revenue Bonds
Woman's College of U. N.
C. Revenue Bonds
( DlSBURSEa4ENTS )
Cash Fund
Disbursements Transfers
103,873.75
6,007.50
34,456.25
11,040.00
8,692.50
2,783,150.00
4,755,000.00
888,000.00
7,000.00
42,000.00
14,000.00
10,000.00
Total Debt Service
Disbursements $13,790,374.50
Permanent Improvement Funds:
University of N. C, Law^s
1941, Code 1510 % 147,118.46
State College of A. & E.
Diesel Building 164,016.65
Diesel Equipment Installa-tion
427,553.49
Laws 1941, Code 15112.-.. 472.36
Laws 1941, Code 15113...... 141,397.74
Laws 1938, Code 14512...... 40.82
Negro A. & T. College,
Laws 1941, Code 1514 75.00
Laws 1938, Code 1454 3.73
N. C. School for the Deaf,
Laws 1938, Code 1462 1,144.60
State School for the Blind,
Laws 1941, Code 1536 5,325.00
State Hospital, Morganton,
Laws 1938, Code 1465 7,120.88
State Home and Industrial
School for Girls,
Laws 1937, Code 1430 317.00
52 Report of State Treasurer
( DlSBtTBSEMENTS )
Cash Fund
Confederate Women's Home,
Laws 1938, Code 1476
Inland Waterways,
Laws 1927, Code 1714
Eastern N. C. Sanatorium,
Laws 1941, Code 1529
N. C. Textile Institute,
Laws 1941, Code 1503
Disbursements Transiers
1,066.50
300.00
2,489.16
18,453.90
Total Permanent Im-provement
Disbursements % 916,895.29
Federal Fund Disbursements:
Tennesse Valley Authority . $ 47,815.34
Forest Reserve Fund 42,868.03
State College of A. & E.—
Smith-Lever Fund 931,813.01
Experiment Station 220,794.40
Emergency Farm Labor
Program 226,292.93
War Food Administration 43,375.00
State Board of Charities
and Public Welfare
—
Civilian War Assistance.... 66.79
Child Welfare Service 47,041.56 $ 500.00
Old Age Assistance 2,275,926.76
Aid to Dependent Children 813,030.14
Old Age Assistance,
County Administration.- 113,803.69
Aid to Dependent Chil-dren,
County Adminis-tration
1,598.96 107,215.70
State Board of Health
—
Social Security Fund 5.00
Venereal Disease Control.. 416,636.08
Division of Crippled
Children 130,077.64
Maternal and Child
Health Service 457,293.87
Public Health Fund 392,965.92
Commission for the Blind
—
Blind Aid 253,976.94
Administration to Coun-ties
24,040.58
14,899.64
Vocational Rehabilitation
Department of Education
Vocational Education 815,267.47
Report of State Treasurer 53
Defense Training
Child Care
Community School Lunch
Room Program
Unemployment Compensa-tion
Commission
—
Administration
Benefit Account
Total Federal Fund
Disbursements
Total All Special Funds.
( DiSBliRSEMENTS )
Cash Fund
Disbursements Transfers
1,288,813.19
2,868.46
687,181.03
59i;583.93
392,352.98
$ 4,792,877.29 $ 5,547,227.75
$10,340,105.04
$150,320,262.88
Cash
inking Fund Disbursements:
Highway No. I $ 219,815.59
Highway No. II
Special School Building
No. Ill --
Special School Building-
No. IV
Special School Building
No. IX 44,800.87
Special School Building
No. XII 25,247.98
Educational and Charitable
No. V 354,391.09
Educational and Charitable
No. VI 103,127.90
Educational and Charitable
No. VII 97,693.47
878,902.19
20.00 $ 253,052.22
20.00 71,361.30
746.50
$ 1,724,019.09 $ 325,160.02
Total Sinking Fund Disbursements.
Cash Balance June 30, 1944
$ 2,049,179.11
70,124,826.47
Total Disbursements All Sources - - $325,426,817.55
54 Report of State Treasurer
STATEMENT OP THE SINKING FUNDS, JUNE 30, 1944
Highway Sinking Fund No. 1
41^% Highway Bonds (Cape Fear Bridge), due J. & J. 1951 $ 8,000.00
414% Highway Bonds, due J. & J. 1951-64 906,000.00
4%% Highway Bonds, due J. & J. 1952 _.___ 1,000.00
5 % Highway Bonds, due J. & J. 1961..... 299,000.00
4 % Building Bonds, due April 1968 __. _.._ 309,000.00
414% Building Bonds, due April 1968 ....- - 23,000.00
41/^% Building Bonds, due January 1962-66 . 382,000.00
41/2%. Building Bonds, due October 1963 87,000.00
4%% Building Bonds, due October 1963 __. - 200,000.00
5 % Building Bonds, due July 1961 195,000.00
4 % Redemption & Improvement, due J. & J. 1950-53 77,000.00
4 % School for the Feeble Minded, due July 1951 1,700.00
4 % World War Veterans Loan, due July 1951 . 8,000.00
41/4% World War Veterans Loan, due April 1950 19,000.00
414% Public School Building, due January 1950-52 :. 11,000.00
iV2% Public School Building, due January 1950 _. 1,000.00
4 % State Prison, due July 1967 85,000.00
5 % Funding, due February 15, 1952 88,000.00
Highway Sinking Fund No. 2
414% Highway Bonds (Cape Fear Bridge), due January
1950-53 - $ 23,000.00
41/2% Highway Bonds, due J. & J. 1950-64 2,780,000.00
434% Highway Bonds, due J. &. J. 1950-52 36,000.00
5 % Highway Bonds, due July 1961 912,000.00
4 % Building Bonds, due April 1968 1,153,000.00
41/4% Building Bonds, due April 1968 240,000.00
41/2% Building Bonds, due January 1962-66 __._ 1,653,000.00
41/2% Building Bonds, due October 1963 ._.... 773,000.00
4%% Building Bonds, due October 1963 1,552,000.00
5 % Building Bonds, due July 1961 __.._ ___. 452,000.00
4 % Redemption and Improvement, due J. & J. 1950-53 _ 145,000.00
4 % School for the Feeble Minded, due July 1951 1,200.00
4%% World War Veterans Loan Bonds, due April 1950 65,000.00
4 % World War Veterans Loan Bonds, due July 1951.- - 21,000.00
41/4% Public School Building Bonds, due January 1950-52 ___ 34,000.00
41/^% Public School Building Bonds, due January 1950 35,000.00
4 % State Prison Bonds, due July 1967 - 39,000.00
5 % Funding Bonds, due February 15, 1952. 302,000.00
4 % Administration Building, due July 1951 8,000.00
4 % Farm Colony Building, due April 1967 - 9,000.00
414% Great Smoky Mountain Park, due April 1950-72 -.. 405,000.00
3 % A. & N. C. Railroad Company Notes, due July 1944-47- ' 36,000.00
3 % A. & N. C. Railroad Company Notes, due June 1964._.... 24,090.90
4 ?<
$ 2,700,700.00
ii
— 10,698,290.90
Report of State Treasurer 55
Public School Sinking Fund No. 3
¥2% Highway Bonds, due J. & J. 1953-64 ..$ 213,000.00
%% Highway Bonds due January 1950 -_. 4,000.00
% Highway Bonds, due July 1961 - 1,000.00
[ % Building Bonds, due April 1968 .- - - 9,000.00
114% Building Bonds, due April 1968 -- 4,000.00
11/2% Building Bonds, due January 1962-66 _ 339,000.00
t%% Building Bonds, due October 1963 -- -.... 2,000.00
1 % Redemption Bonds, due January 1953 3,500.00
$ 575,500.00
Public School Sinking Fund No. 4
iV4,% Highway Bonds (Cape Fear Bridge), due January
1953 $ 5,000.00
41/2% Highway Bonds, due J. & J. 1952-64 229,000.00
4%% Highway Bonds, due January 1950 25,000.00
5 % Highway Bonds, due July 1961 _.__ 94,000.00
4 % Building Bonds, due April 1968 7,000.00
414% Building Bonds, due April 1968 301,000.00
41/2% Building Bonds, due January 1962-66 153,000.00
4%% Building Bonds, due October 1963 _._. 229,000.00
5 % Building Bonds, due July 1961 64,000.00
5 % Funding Bonds, due February 15, 1952 4,000.00
4 % Improvement (State and Permanent), due July 1953_._. 8,000.00
$ 1,119,000.00
Educational .\nd Ch.\kitarle Institutions Sinking Fund No.
414% Highway Bonds (Cape Fear Bridge), due January
1951 ...__$ 2,000.00
41/2% Highway Bonds, due J. & J. 1950-64 813,000.00
4%% Highway Bonds, due January 1950-52 -... 29,000.00
5 % Highway Bonds, due July 1961 -. 363,000.00
4 % Building Bonds, due April 1968 —- 401,000.00
414% Building Bonds, due April 1968 297,000.00
41/2% Building Bonds, due January 1962-66 618,000.00
4%% Building Bonds, due October 1963 ._._ -- 233,000.00
4%% Building Bonds, due October 1963 771,000.00
5 % Building Bonds, due July 1961 473,000.00
4 % Redemption & Improvement, due J. & J. 1950-53..^ 92,000.00
414% Special School Building Bonds, due January 1950-52._ 68,000.00
41^% Great Smoky Mountain Park Bonds, due April 1950_... 26,000.00
5 % Funding Bonds, due February 15, 1952 69,000.00
4 % School for Feeble Minded, due July 1951 1,000.00
4 % World War Veterans Loan Bonds, due April 1950 33,000.00
4 % Farm Colony Building, due April 1967 5,000.00
4 % State Prison Bonds, due July 1967 6,000.00
$ 4,300,000.00
56 Report of State Treasurer
Educational and Charitable Institutions Sinking Fund No. 6
414% Highway Bonds (Cape Fear Bridge), due January
1952 $ 3,000.00
41/^% Highway Bonds, due J. & J. 1951-64 294,000.00
5 % Highway Bonds, due July 1961 90,000.00
4 % Building Bonds, due April 1968 208,000.00
41^% Building Bonds, due April 1968 59,000.00
41/^% Building Bonds, due January 1962-66 112,000.00
4l^% Building Bonds, due October 1963 48,000.00
4%% Building Bonds, due October 1963 68,000.00
5 % Building Bonds, due July 1961 80,000.00
4 % State Prison Bonds, due July 1967 4,000.00
4 % Redemption & Improvement, due J.&J. 1950-53 15,500.00
4 % Administration Building Bonds, due July 1951 4,000.00
4 % World War Veterans Loan Bonds, due July 1951 3,000.00
5 % Funding Bonds, due Feliruary 15, 1952 20,000.00
Educational and Charitable Institutions Sinking Fund No. 7
41/4% Highway Bonds (Cape Fear Bridge), due January
1952 $ 57,000.00
41/2% Highway Bonds, due J. & J. 1951-64 : 255,000.00
4%% Highway Bonds, due January 1951 1,000.00
5 % Highway Bonds, due July 1961 87,000.00
4 % Building Bonds, due April 1968 . 70,000.00
4%% Building Bonds, due April 1968 3,000.00
4%% Building Bonds, due January 1962-66 103,000.00
41/2% Building Bonds, due October 1963 33,000.00
4%% Building Bonds, due October 1963 189,000.00
5 % Building Bonds, due July 1961 66,000.00
5 % Funding Bonds, due February 15, 1952 -... 2,000.00
4 % World War Veterans Loan Bonds, due July 1951 1,000.00
41/4% World War Veterans Loan Bonds, due April 1950........ 11,000.00
4 % Farm Colony Building Bonds, due April 1967 14,000.00
4 % Refunding & Improvement Bonds, due J. & J. 1950-53.. • 14,500.00
41/4% Park Bonds, due April 1950 5,000.00
4 % Administration Building Bonds, due July 1951 2,000.00
4%%, Public Improvement Bonds, due October 1963 15,000.00
4 % Redemption Bonds, due July 1950 4,000.00
Public School Sinking Fund No. 9
41/2%) Highway Bonds, due J. & J. 1953-64 .$ 70,000.00
5 % Highway Bonds, due July 1961 - - 168,000.00
4 % Building Bonds, due April 1968 3,000.00
414% Building Bonds, due April 1968 57,000.00
41/2% Building Bonds, due January 1962-66 108,000.00
4%% Building Bonds, due October 1963 38,000.00
5 % Building Bonds, due July 1961 82,000.00
% 1,008,500.00
% 932,500.00
$ 526,000.00
Report of State Treasurer 57
Public School Sinking Fund No. 12
^V2% Highway Bonds, due J. & J. 1953-61 -- $ 53,000.00
% Highway Bonds, due July 1961 8,000.00
l%% Building Bonds, due January 1962 ...._„_... __ _.._. 16,000.00
11/^% Building Bonds, due October 1963 .__.. 1,000.00
i%% Building Bonds, due October 1963 -- _.__ 10,000.00
% Building Bonds, due July 1961 58,000.00
114% Building Bonds, due April 1968 .._ 9,000.00
? 155,000.00
Total Securities in Sinking Funds $ 22,015,490.90
Cash Uninvested
• Sinking Fund No. 1 $ 846.01
Sinking Fund No. 2 - 3,373.30
Sinking Fund No. 3 227,207.08 O.D.
Sinking Fund No. 4_. 20,315.08 O.D.
Sinking Fund No. 5 527.02
Sinking Fund No. 6 _ ....- 1,391.82
Sinking Fund No. 7 194.65
Sinking Fund No. 9 - 30,487.76
Sinking Fund No. 12 __.... 24,262.99
Deficit in Cash Account O.D. $ 186,438.61
Grand Total $ 21,829,052.29
BONDED DEBT OF THE STATE OF NORTH CAROLINA, JUNE 30, 1944
General Fund Bonds
% Hospital, July 1909, due July 1949 $ 500,000.00
% Redemption, July 1910, due July 1950__ 3,429,000.00
% Administration Building, July 1911, due July 1951....- 250,000.00
% Feeble Minded School, July 1911, due July 1951 60,000.00
% Improvement, July 1913, due July 1953 1,142,500.00
% Refunding, January 1913, due January 1953 550,000.00
% Funding, Feb. 15, 1922, due Feb. 15, 1947-52 3,000,000.00
3%% General Fund, July 1934, due July 1944-47 4,230,000.00
2V2% General Funding and Improvement, July 1935, due
July 1944-45 1,404,000.00
4 % Farm Colony, April 1931, due April 1967 60,000.00
4 % Building, April 1931, due April 1968 4,244,000.00
4i^7o Building, April 1930, due April 1968 l,000,000.t)0
414% Park, April 1930, due April 1945-72 1,400,000.00
41^% Building, January 1922, due January 1962 3,373,000.00
41/^% Building, January 1926, due January 1966 5,125,000.00
41/^% Building, October 1923, due October 1963 3,049,000.00
i%7o Building, October 1923, due October 1963 - 7,100,000.00
434% Building, October 1923, due October 1963 ..-.._. 500,000.00
58 Report of State Treasurer
[nsu
5 % Building, July 1921, due July 1961 3,372,000.00
4 % Prison, July 1931, due July 1967 400,000.00
314% Building, April 1937, due April 1945 - 150,000.00
2%% Building, April 1937, due April 1946-48 1,892,000.00
314% Office Building, April 1937, due April 1945 -- -- 50,000.00
2%% Office Building, April 1937, due April 1946-48 375,000.00
2 % Building, July 1938, due July 1948-49 1,635,000.00
21^% Building, July 1938, due July 1944-48 2,115,000.00
11^,% Improvement School Book, July 1939, due July 1944-49 1,650,000.00
%% N. C. State College Bldg., April 1941, due April 1945-48 70,000.00
%% School for the Deaf, April 1941, due April 1945-48 215,000.00
%% Eastern N. C. Sanatorium, April 1941, due April
1945-48 -... _... _ 465,000.00
$ 52,805,500.00
Public School Special Building Bonds
414% Dated January 1928, due January 1945-52 (Laws 1927) $ 1,000,000.00
414% Dated January 1927, due January 1945-51 (Laws 1925) 1,750,000.00
41/^% Dated January 1922, due January 1945-47 (Laws 1921) 585,000.00 '
41/^% Dated January 1926, due January 1945-50 (Laws 1923) 1,500,000.00
$ 4,835,000.00
World War Veterans Loan Bonds
414% Dated April 1930, due April 1950 $ 2,000,000.00
4 % Dated July 1931, due July 1951 _- 500,000.00
$ 2,500,000.00
Highway Serial Bonds
4 % Dated January 1927-31, due July 1944-48 $ 7,499,000.00
41^% Dated January 1931, due January 1945-54 (Cape
Fear Bridge) ..-. 800,000.00
414% Dated January 1927, due January 1945-49 5,050,000.00 St
41/2% Dated J. & J. 1921-26, due January 1945-64 -. 28,534,000.00 I §,
41/2% Dated J. & J. 1921-26, due July 1944-61 9,447,000.00 ~
g,
434% Dated January 1923, due January 1945-52.. 2,000,000.00 ^
5 % Dated July 1921, due July 1951-61 -. 4,525,000.00
I 57,855,000.00
Total Debt -.- - ..-- $117,995,500.00
STATEMENT OF BONDS AND OTHER SECURITIES HELD IN TRUST BY THE
STATE TREASURY DEPARTMENT, JUNE 30, 1944
Agricultural Department:
Cooperative Inspection Service..... ..- $ 19,000.00
North Carolina State Fair 52,000.00
State Warehouse System 636,305.57
$ 707,305.57
Atlantic and N. C. R. R. Notes and Bonds $ 680,184.44
Report of State Treasurer 59
)epartment of Education:
Literary Loan Fund Notes- .._ $ 1,237,872.88
Rodman Trust Fund Notes-.:-- 10,538.39
Special School Building Notes 2,347,101.30
Craven County Bonds 148,247.42 — $ 3,743,759.99
nsurance Department:
Insurance Companies -- $ 8,292,752.82
Workmen's Compensation (Stock
Companies ) ...1 158,000.00
Workmen's Compensation (Mutual
Companies ) 148,000.00
$ 8,598,752.82
ndustrial Commission $ 455,000.00
^aw Enforcement Officers' Fund -— — $ 986,632.53
Postwar Reserve Fund:
Federal Bonds _—
_
$19,224,000.00
State Bonds 1,003,263.94
$20,227,263.94
General Fund Temporary Investment
Account $25,093,000.00
Railroad Stock (Par Value):
Atlantic and N. C. R. R. ($1,266,600.00).- $ 823,290.00
N. C. R. R. Company ($3,000,200.00) 4,410,294.00 — • $ 5,233,584.00
State Hospital, Raleigh, Patients Fund.. $ 8,000.00
Sinking Funds for North Carolina Bonds $22,015,490.90
Securities for State Deposits with Banks $ 150,000.00
Woman's College of the University of North
Carolina $ 3,400.00
State Department of Revenue:
Collateral Bonds $ 478,479.81
Surety Bonds 1,618,300.00
$ 2,096,779.81
State Retirement System:
Annuity Savings Fund $ 4,807,692.40
Pension Accumulation Fund 6,343,706.00
. $11,151,398.40
World War Veterans Loan Fund:
Loan Fund No. 1 $ 450,065.33
Loan Fund No. 2 151,435.89 $ 601,501.22
Total Bonds and Collateral ... $101,752,053.62
60 Report of State Treasurer
STATEMENT OF PAST DUE BONDS AS OF JUNE 30, 1944
General Fund Bonds ...._.$ 18,000.00
Public School Building Bonds 9,000.00
Highway Bonds _ 215,000.00
Total of all North Carolina Bonds Past Due and Not
Presented for Payment as of June 30, 1944 $242,000.0i
ASSESSED PROPERTY VALUATIONS
1935 $2,184,062,652.00
1936 2,199,517,988.00
1937 -. 2,348,252,975.00
1938 2,312,019,453.00
1939 2,337,223,566.00
1940 :..... 2,394,251,651.00
1941 2,496,247,967.00
1942 ...-. 2,653,198,981.00
1943 2,760,261,628.00
REPORT OF STATE TREASURER
Investments of the Postw4e Reserve Fund and the General Fund Temporary
Investment Account from February 5, 1943 to June 30, 1944
1943:
Feb. 5, Postwar Reserve Fund $20,000,000.00
Sept. 2, General Fund Temporary Investment
Account $10,000,000.00
1944:
Feb. 5, General Fund Temporary Investment
Account 5,000,000.00
June 27, General Fund Temporary Investment
Account 10,000,000.00 25,000,000.00
$45,000,000.00
June 22, Profit from Bond Sales—
-
Postwar Reserve Fund . , $ 14,902.59
June 22, Profit from Bond Sales
—
Temporary Investment Account 10,052.57
$ 24,955.16
June 30, Earnings from Interest
Postwar Reserve Fund $ 212,472.87
June 30, Earnings from Interest
—
Temporary Investment Account 84,097.68 $ 296,570.55 $ 321,525.71
Get
Total Both Funds $45,321,525.71
Report of State Treasurer 61
Investments
Postwar Reserve Fund:
North Carolina Bonds -^- . $ 1,003,263.94
United States Treasury 7/8% Certificates
of Indebtedness 19,224,000.00
$20,227,263.94
Cash not invested June 30, 1944 ._.- 111.52
$20,227,375.46
General Fund Temporary Investment
Account:
United States Treasury 7/8% Certificates
of Indebtedness $25,093,000.00
Cash not invested June 30, 1944 1,150.25 25,094,150.25
Total Investments Both FundS-__. $45,321,525.71
Investments for Teachers' and State Employees' Retirement Fund, June 30, 1944
Annuity Savings Fund
County Bonds $ 1,194,151.54
Municipal Bonds -..- 2,311,527.66
United States Treasury Bonds 1,302,013.20
$ 4,807,692.40
Cash on hand June 30, 1944 „.. 111,459.18
$ 4,919,151.58
Pension Accumulation Fund
County Bonds $ 1,131,922.96
Municipal Bonds 1,833,763.04
United States Treasury Bonds 3,378,020.00
$ 6,343,706.00
Cash on hand June 30, 1944 .$ 43,938.97
$ 6,387,644.97
Total Both Funds $11,306,796.55
Law Enforcement Officers' Benefit and Retirement Fund Investments,
June 30, 1944
Building and Loan Association Stocks $ 66,000.00
U. S. Treasury Bonds $ 277,693.20
N. C. Municipal and County Bonds 642,989.33 920,682.53
• $ 986,682.53
Cash on Hand June 30, 1944 $ 8,447.80
Total _. _... $ 995,130.33
if