Biennial report of the Treasurer of North Carolina

              THE LIBRARY OF THE
UNIVERSITY OF
NORTH CAROLINA
THE COLLECTION OF
NORTH CAROLINIANA
C336
N87t
I96V66
UNIVERSITY OF N.C. AT CHAPEL HILL
00033968485
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BIENNIAL REPORT
TREASURER OF NORTH CAROLINA
FISCAL YEARS ENDED
JUNE 30, 1965 AND 1966
BIENNIAL REPORT
OF THE
TREASURER OF NORTH CAROLINA
FOR
FISCAL YEARS ENDED
JUNE 30, 1965 AND 1966
EDWIN GILL
STATE TREASURER
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
Fiscal Year Ended June 30, 1966
:
Page
Statement of Treasurer's Cash Position 9
Statement of Treasurer's Cash Receipts and Disbursements 10
Funds Deposited in North Carolina Banks 12
Funds Invested in United States Government Securities 18
Bond Sinking Funds and Reserves 19
Statement of Special Self Insurance Funds 19
Statement of State and Local Governmental Employees
Retirement Funds 20
Statement of Firemen's and Law Enforcement Officers'
Retirement Funds 20
Statement of Literary Loan Fund 21
Special Funds Cash Balances 21
Bonded Indebtedness 28
Annual Debt Service Requirements 30
Statement of Securities Held in Trust 31
General Fund—Statement of Revenues and Expenditures 32
Highw^ay Fund—Statement of Revenues and Expenditures 33
Earnings from Treasurer's Investments 34
Secondary Road Bond Reserve of Highway Funds 34
Interest Rates on Certificates of Deposit 35
Fiscal Year Ended June 30, 1965:
Summary Statement of Receipts, Disbursements and
Fund Balances 48
General Fund Revenue and Refunds 50
Abstract of General Funds Showing Appropriations,
Receipts and Disbursements 52
Abstract of General Funds 54
Abstract of Special Funds 66
Capital Improvement Funds 78
Sinking Funds—Statement of Securities 92
Statement of the Bonded Debt 93
Annual Debt Requirements 96
Matured Bonds not Presented for Payment 97
Treasurers Investments of Fund Balances 98
Bank Balances 99
Retirement and Trust Funds 105
Securities Held in Trust 108
January 15, 1967.
Honorable Dan K. Moore,
Governor of North Carolina,
The Advisory Budget Commission, and.
Members of the General Assembly,
Raleioh North Carolina.
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 Jnne 30, 1965, and June 30,
1966.
Please note that the format of our report has been changed
with the view of summarizing and simplifying the statements
showing the cash funds and securities held by the State Treasurer
as of June 30, 1966. Please note, also, that following the 1966
statements we have included a narrative description of the in-vestment
responsibilities of the State Treasurer.
The Office of the Treasurer
The office of the State Treasurer is of ancient oriOgin OgoingO
back to colonial times. As early as 1669 when the 'Tundamental
Constitutions of Carolina" were drawn up by John Locke, pro-vision
was made for a Treasurer's Court to handle matters per-taining
to public money.
The office of Treasurer of the Colony was created in 1715 with
Edward Mosley appointed by the lower house of the General
Assembly, as the first Treasurer. At the time the Colony of North
Carolina became a de-facto State in 1775, it was divided into
two districts—a northern district and a southern district, with a
treasurer for each. In 1779, the General Assembly divided the
State into six districts and provided for six treasurers to serve
the newly created districts of Edenton, Salisbury, Hillsborough,
Halifax, New Bern and Wilmington. In 1782 the seventh dis-trict,
known as the Morgan district, was created. The General
Assembly of 1784, however, eliminated the district system and
provided for one State Treasurer with offices at Hillsborough.
The Constitution of 1776 provided that the Treasurer or
Treasurers be chosen by joint ballot of both houses of the General
Assembly. In our present Constitution, which was adopted in
1868, the Treasurer is elected by the people for a term of four
years.
The duties of the Treasurer, as prescribed by law, are num-erous
and varied. The primary function of the Treasurer, of
course, is to receive and disburse the funds of the State, report-ing
to the Governor, the Advisory Budget Commission, the
General Assembly and to the people of the State a complete and
accurate account of the moneys chargeable to his trust.
Ex Officio Duties of Treasurer
The State Treasurer advises with the General Assembly and
the Governor, as director of the budget, at all times concerning
the financial condition of the State and its fiscal policies. Also,
by virtue of his office, the Treasurer is a Member of the Council
of State, Chairman of the Local Government Commission, Direc-tor
of Local Government, Chairman of the State Banking Com-mission,
Chairman of the Boards of Trustees of the retirement
systems for Teachers and State Employees and Local Govern-mental
Employees, Chairman of the Tax Revie^v Board, Member
of the State Board of Education, Member of the State Board of
Assessment, and Member of the Board of Commissioners of the
Law Enforcement Officers' Benefit and Retirement Fund.
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 for many years.
Respectfully submitted.
EDWIN GI^T
State Treasurer
Report of State Treasurer
of North Carolina
Fiscal Year Ended June 30, 1966
Report of State Treasurer 9
Exhibit A
STATEMENT OF TREASURER'S CASH POSITION
June 30, 1966
ASSETS
Cash on hand _._._ S 13,000.00
Demand deposits (Exhibit 1) $ 55,086,305.44
Less warrants of State agencies
outstanding ' 43,893,849.33 11,192,456.11
Treasurer's Investments:
Certificates of deposits—N. C.
banks (Exhibit 1) 100,559,680.00
U. S. Government securities, at
cost (Exhibit 2) 302,813,173.10 403,372,853.10
S414,578,309.21
FUND CASH BALANCES
General Fund $144,516,340.91
Bond Sinking Funds and Reserves
(Exhibit 3) :
General Fund $ 272,328.49
Highway Fund 41,927.990.02 42,200,318.51
Capital Improvement Funds 100,399,742.19
Special Funds:
Highway Fund 119,816,274.01
Less Secondary Road
Bond Reserves 41,927,990.02
77,888,283.99
Self Insurance Funds
(Exhibit 4) :
State Owned Property 61,264.72
Public School Buildings 583,429.98
644,694.70
Retirement and Pension Funds
(Exhibits 5 and 6):
Teachers and State Employees 458,396.54
Local Governmental Employees 405,558.93
North Carolina Firemen's 358,355.96
Law Enforcement Officers 107,388.75
1,329,700.18
Literary Loan Fund (Exhibit 7) 497,644.44
Other Special Funds (Exhibit 8) 47,101,584.29
Total Special Funds 169,389,897.62
$414,578,309.21
10 Report of State Treasurer '
Exhibit Bj
STATEMENT OF TREASURER'S CASH ^
YEAR ENDED V
Combined General Fund
Cash balances, July 1. 1965 $ 347,997,050.48 5125,721,271.01
Receipts:
Tax revenues ...___ 869,504,513.20 610,713,622.93
Non-tax revenues 18,506,983.41 18,506,983.41
Total revenues 888,011,496.61 629,220,606.34
Non-revenue receipts ..-. 742,842,388.97 85,702,185.91
Receipt transfers 235,188,651.72 94,311,385.931
Total receipts ..-_ 1,866,042,537.30 809,234,178.18
Disbursements:
Revenue refunds and allocations 55,766,563.72 55,766,563.72
Disbursement transfers 235,188,651.72 98,376,343.47
Other disbursements 1,508,506,063.13 636,296,201.09
Total disbursements 1,799,461,278.57 790,439,108.28
Cash balances, June 30, 1966 $ 414,578,309.21 $144,516,340.91
The accounts of the State Treasurer are necessarily maintained on a cash basis as to
various funds for which the Treasurer acts as custodian of certain assets. Such method
tary control purposes to the extent of bank deposits in transit and warrants outstanding
For informational purposes, statements of revenues and expenditures as prepared from
Fund are included as Exhibits 11 and 12, respectively.
Report of State Treasurer 11
iS{ ECEIPTS AND DISBURSEMENTS
)E[ UNE 30, 1966
mj
.93
Special Funds
Capital
Exhibit B
Bond
Highway Other Total
Improvement Sinking Funds
Funds And Reserves
$114,986,197.71 $ 40,158,217.50 $155,144,415.21 $ 67,298,285.98 $ (166,921.72)
255,362,736.31
255,362,736.31
258,790,890.27
258,790,890.27
558,858,265.38 555,430,100.87 73,538,382.25 28,171,719.94
3,428,153.96 95,479,294.69 98,907,448.65 41,969,737.14 80.00
258,790,890.27 654,337,560.07 913,128,439.79 115,508,119.39 28,171,799.94
12,356,875.00
241,603,938.97
118,432,154.05
526,489,999.91
130,789,029.05
768,093,928.33
488,454.20
81,918,208.98
5,534,825.00
22,197,724.73
253,960,813.97 644,922,153.96 898,882,957.38 82,406,663.18 27,732,549.73
19,816,274.01 S 49,573,623.61 $169,389,897.62 $100,399,742.19 $ 272,328.49
receipts and disbursements and do not purport to show the results of operations of the
of accounting differs from the method employed by the Director of the Budget for budge-at
the beginning and end of the fiscal year.
the records of the Director of the Budget for the General Fund and for the Highway
12 Report of State Treasurer
Exhibit 1
FUNDS DEPOSITED IN NORTH CAROLINA BANKS
JUNE 30, 1966
i
Demand Certificates ^"^
Deposits of Deposits
Aberdeen Carolina Bank $ 23,662.33 | i
Ahoskie Bank of Ahoskie ..- 26,100.81 200,000.0(fo
Ahoskie Planters National Bk. & Tr. Co. ... 24,220.71
Albemarle Cabarrus Bk & Tr. Co. 28,175.59
Albemarle First Nat'l. Bk. of Albemarle 25,527.28 lilfi
Ansonville Anson Bk. & Tr. Co. 6,600.30 ffiol
Asheboro First National Bank 24,427.36 650,000.0(1 )iii
Asheboro Wachovia Bk. & Tr. Co. 25,969.37 )iii
Asheville The Bank of Asheville 26,183.21 700,000.01 )ui
Asheville First Union Nat'l. Bk. of N. C. 25,210.27 , )«i
Asheville Wachovia Bk. & Tr. Co. 24,346.51 . h
Banner Elk The Banner Elk Bank 34,000.0( Im
Bayboro Wachovia Bank & Trust Co. 1,717.50 l)iii
Belmont The Bank of Belmont 860,000.0(|i(|f
Bessemer City .... First State Bk. fe Tr. Co. 100,000.0'! [lii
Biscoe Bank of Biscoe ._ 141,000.0i:[|i!
Black Mountain The Northwestern Bank 24,430.83 -.- lEIii
Boone First Nat'l. Bk. of Eastern N. C 23,641.04 80,000.0t|[li!
Boone The Northwestern Bank 148,163.23 !Ell
Booneville Commercial &: Savings Bk 40,000.0i|Fiii
Brevard First Union Nat'l. Bk. of N. C. 27,759.54 ..JFar
Broadway Central Bk. & Tr. Co. 302,000.0 1 Fii
Burlington North State Bank 240,000.0|r!v
Burlington The Morris Plan Industrial Bk. 200,000.0|Fai
Burlington N. C. Nat'l. Bank 24,929.88 |ot
Burlington The Northwestern Bank 200,000.0i
Burlington Wachovia Bk. & Tr. Co. 24,904.14
Burnsville The Northv/estern Bank 25,883.78
Candor The Bank of Candor 61,000.0'
Canton First Union Nat'l. Bk. of N. C. 26,774.96
Catawba Peoples Bank ___ 75,000.0
Chapel Hill Central Carolina Bk. fe Tr. Co. 197,904.64
Chapel Hill N. C. Nat'l. Bank __... 999,473.97
Charlotte _._._ Bank of Charlotte 350,000.0'
Charlotte City Savings Bank 450,000.0(
Charlotte __... First Union Nat'l Bk. of N. C. 13,520,000.0(
Charlotte N. C. Nat'l. Bank ___. 53,320.30
Cherryville Cherryville Nat'l. Bank 150,000.0
Clinton First-Citizens Bk. & Tr. Co. 25,869.39
Clinton Fiist Union Nat'l. Bk. of N. C. 28,556.97
Fori
Report of State Treasurer 13
FUNDS DEPOSITED IN NORTH CAROLINA BANKS—(Continued)
olumbia .
oncord —
oncord —
- boleemee
ornelius .
reedmoor
reswell —
avidson .-
- enton
- obson
unn
- »unn -
D Durham
Durham
»urham
I lurham
- (urham
den ton
0;iizabeth City
f-lizabeth City
lizabeth City
lizabethtown
Ikin
airmont
armville
ayetteville .—
.
ayetteville
ayetteville —._
brest City —
-
brest City . _
bur Oaks
ranklin
remont
mquay Springs
astonia
oldsboro
oldsboro
oldsboro
raham
Ipranite Falls _.
reensboro
reensboro
reensboro
reenville
The East Carolina Bank
Citizens Nat'l. Bank
The Concord Nat'l. Bank
Central Carolina Bk. &: Tr. Co
The Bank of Cornelius
Central Carolina Bk. & Tr. Co.
The East Carolina Bank
Piedmont Bk. & Tr. Co.
Carolina Bk. & Tr. Co.
The Northwestern Bank
Waccamaw Bk. & Tr. Co.
First-Citizens Bk. & Tr. Co.
Central Carolina Bk. & Tr. Co. .._
Guaranty State Bank
Mechanics & Farmers Bank
North Carolina Nat'l. Bank
Wachovia Bk. 8c Tr. Co.
Peoples Bk. 8c Tr. Co.
The First 8: Citizens Nat'l. Bk.
Industrial Bank
Wachovia Bk. 8: Tr. Co.
Bank of Elizabethtown
The Northwestern Bank
Southern Nat'l. Bank of N. C.
The Bank of Farmville
Branch Banking 8c Tr. Co.
Commercial 8: Industrial Bk.
First-Citizens Bk. 8: Tr. Co.
The Northwestern Bank
Union Trust Co.
Bank of Four Oaks
The Bank of Franklin
Branch Banking k Tr. Co.
Bank of Fuquay
The Citizens Nat'l. Bk. in Gastonia
Branch Banking 8: Tr. Co.
First-Citizens Bk. & Tr. Co.
Wachovia Bk. 8c Tr. Co.
National Bk. of Alamance
Bank of Granite
First-Citizens Bk. 8c Tr. Co.
First Union Nat'l. Bk. of N. C.
N. C. Nat'l. Bank
The Planters Nat'l. Bk. & Tr. Co. ..
27,293.56
23,220.23
26,930.95
97,334.22
2,558.62
6,428.63
26,607.64
26,956.89
28,944.32
97,809.88
24,560.34
27,743.13
27,248.03
51,913.49
27,116.63
25,738.10
24,376.25
24,060.93
99,193.57
24,879.68
25,326.94
26,114.05
28,301.90
25,739.17
3,502.15
52,223.65
101,807.81
28,730.68
28,661.92
53,074.95
549,484.55
28.337.74
140,000.00
170,000.00
200,000.00
267,000.00
1,000,000.00
100,000.00
315,000.00
100,000.00
180,000.00
150,000.00
116,000.00
200,000.00
100,000.00
75,000.00
317,800.00
650,000.00
78,000.00
180,000.00
390,000.00
92,780.00
900,000.00
14 Report of State Treasurer
FUNDS DEPOSITED IN NORTH CAROLINA BANKS—(Continued)
Greenville
Greenville -
Halifax
Henderson
Henderson
Henderson
Hendersonville
Hendersonville
Hertford
Hickory
Hickory
High Point
High Point
High Point
High Point
Hobbsville
Jacksonville ....
Jacksonville ....
Jefferson
Kannapolis
Kenansville ....
Kinston -_.
Kinston ._._
Laurinburg
Laurinburg
Laurinburg
Leaksville
Leaksville
Lenoir
Lenoir
Lewiston
Lexington
Lexington
Lexington
Lillington
Lincolnton
Lincolnton
Louisburg __..
Lumberton
Lumberton
Macclesfield „
Madison
Manteo
Marion _.
State Bk. 8c Tr. Co. 26,694.31
Wachovia Bk. & Tr. Co. 196,823.75
Bank of Halifax
Citizens Bk. & Tr. Co 25,933.44
First Nat'l. Bk. in Henderson _____ 26,485.31
Peoples Bk. & Tr. Co. ...._. ..__ ___...
First Union Nat'l Bk. of N. C. 29,003.40
The Nordiwestern Bank 25,743.40
Peoples Bk. & Tr. Co. 28,127.48
The First Nat'l. Bk. of Catawba Co. 27,781.69
The Northwestern Bank 26,260.61
Central Savings Bank
High Point Bank 8c Tr. Co.
North Carolina Nat'l. Bank 26,891.43
Wachovia Bk. 8c Tr. Co. ..__ 28,088.98
Bank of Hobbsville
First-Citizens Bk. & Tr. Co. ___ 26,942.54
First Nat'l. Bk. of Eastern N. C. 25,397.31
The Northwestern Bank 26,690.91
Cabarrus Bk. 8c Tr. Co 24,889.85
Waccamaw Bk. k Tr. Co 6,063.00
First-Citizens Bk. 2c Tr. Co. 54,292.92
Wachovia Bk. k Tr. Co. 24,256.21
Commercial State Bank
Southern Nat'l. Bk. of N. C. 26,962.94
The State Bank 28,186.68
The First Nat'l. Bank _____ 28,513.34
Leaksville Bk. k Tr. Co. 24,774.24
Lenoir Industrial Bank, Inc.
The Bank of Granite 27,188.92
Tarheel Bk. k Tr. Co. 794.50
First Union Nat'l. Bk. of N. C. 24,870.99
Industrial Bk. of Lexington
Lexington State Bank 25,440.21
Bank of Lillington 27,826.71
First-Citizens Bk. Sc Tr. Co. 24,983.92
First Nat'l. Bk. 27,437.47
First-Citizens Bk. &: Tr. Co. 24,677.76
Southern Nat'l. Bk. of N. C. 28,364.96
First Union Nat'l Bk. of N. C. 27,171.88
Merchants Sc Farmers Bk
The Northwestern Bank . 28,695.88
The Planters Nat'l. Bk. &: Tr. Co. ....
First Union Nat'l. Bk. of N. C. 26,851.03
300,000.0
500,000.0#
600,000.0 *
215,000.0*
225,000.0 Mo
1,600,000.0
Mo
100,000.0
870,000.0P
72,500.0'
1,425,000.0
J Mo
224,000.0
50,000.0 ff'
200,000.01 ™'
10,000.0^™'
Pin
630,000.0
40,000.0
500,000.0
Hal
2,300,000.0
400,000.0
65,000.0
80,000.0
Report of State Treasurer 15
FUNDS DEPOSITED IN NORTH CAROLINA BANKS—(Continued)
J Marion Marion Bk. & Tr. Co. _: 130,000.00
,1 Marshall Citizens Bank -_ 26,405.59
I /Tayodan The Bank of Mayodan 90,000.00
licro Branch Banking &: Tr. Co. - 100,000.00
,( locksville Bank of Davie 24,943.93 371,000.00
I lonroe American Bk. Sc Tr. Co. 26,700.89 500,000.00
/Tonroe Security Bk. & Tr. Co. 24,787.29 100,000.00
looresville First Nat'I. Bank 29,164.62 235,000.00
ilooresville - Piedmont Bk. & Tr. Co. 24,803.29
I forehead City .. First-Citizens Bk. & Tr. Co. 47,753.52
forehead City . Wachovia Bk. & Tr. Co. 26,317.13
|[(Iorganton First Nat'I. Bank 99,297.71
ylorganton The Northwestern Bank 52,644.63 275,000.00
vlount Airy First Nat'I. Bank 250,000.00
Vlount Airy The Northwestern Bank 26,977.61 245,000.00
vlount Olive Bank of Mount Olive -- 350,000.00
vToyock Bank of Currituck 100,000.00
J ^urphy Citizens Bk. & Tr. Co. 28,675.20
^Jew Bern The Bank of New Bern 2,112.00 50,000.00
f^ew Bern ._..._ Branch Banking & Tr. Co 24,881.96
^ew Bern First-Citizens Bk. & Tr. Co. 27,535.64
Newton The First Nat'I. Bk. of Catawba Co. 28,372.12
^Jorth Wilkesboro N. C. Nat'I. Bank 26,386.21
vJorth Wilkesboro The Northwestern Bank 27,671.21 6,090,000.00
3xford The Oxford Nat'I. Bank 28,550.15
Dxford Union Nat'I. Bank 24,226.55 240,000.00
'embroke First Union Nat'I. Bank of N. C. ..^ 48,336.10
I'ilot Mountain _. Bank of Pilot Mountain 100,000.00
'ilot Mountain .. Farmers Bank 100,000.00
'inehurst The Carolina Bank 300,000.00
'ine Level The Bank of Pine Level 25,000.00
*ineville American Bk. & Tr. Co. 50,000.00
'lymouth Branch Banking & Tr. Co. 26,012.80
.'lymouth The Planters Nat'I. Bk. & Tr. Co. .. 24,578.25
ialeigh Branch Banking & Tr. Co. 1,507,786.64
R-aleigh First-Citizens Bk. & Tr. Co. 7,057,101.72 6,200,000.00
R.aleigh __.... First Union Nat'I. Bank of N. C. ... 1,530,061.64
R-aleigh North Carolina Nat'I. Bk. 6,214,582.00 15,500,000.00
J
Raleigh North Carolina Nat'I. Bk.
(UB ACCOUNT) 279,670.08
ialeigh North Carolina Nat'I. Bk
(UCA ACCOUNT) 79,262.37 --
jJRaleigh Wachovia Bk. & Tr. Co. 25,402,826.51
Raeford The Bank of Raeford 26,823.18
16 Report of State Treasurer
FUNDS DEPOSITED IN NORTH CAROLINA BANKS—(Continued)
Reidsville
Reidsville
Roanoke Rapids
Robbinsville
Rockingham
Rockingham
Rocky Mount
Rocky Mount
Rocky Mount
Roxboro
Rutherfordton ___
Saint Pauls -
Salisbury —
Salisbury
Salisbury .___ _ _
Sanford _ _..
Sanford
Seven Springs
Shelby
Shelby
Siler City
Siler City
Smithfield
Smithfield
Southern Pines _
Southern Pines -
Southport
Spindale
Spruce Pine
Statesville
Statesville
Statesville __ „.
Stoneville
Sunbury
Swannanoa
Swansboro
Sylva
Tarboro
Tarboro
Taylorsville
Thomasville
Troy
Tryon
Wadesboro
The Bank of Reidsville
The Commercial Bk. of Reidsville
The Planters Nat'l. Bk. & Tr. Co.
Citizens Bk. & Tr. Co. ... _
Richmond County Bank
Southern Nat'l Bk. of N. C
Bank of Rocky Mount
Peoples Bank & Tr. Co.
The Planters Nat'l. Bk. & Tr. Co.
The Peoples Bank ___
The Northwestern Bank
First Union Nat'l. Bank of N. C.
First Union Nat'l. Bk. of N. C
Security Bk. & Tr. Co. _
Wachovia Bank & Tr. Co
Central Bk. & Tr. Co.
Southern Nat'l. Bk. of N. C.
Bank of Mt. Olive
First Nat'l. Bk. of Shelby
Union Tr. Co.
First Union Nat'l Bk. of N. C. ....
The Planters Nat'l. Bk. & Tr. Co.
First-Citizens Bk. & Tr. Co
First Nat'l. Bk. of Smithfield
Citizens Bk. 8c Tr. Co.
Southern Nat'l. Bk. of N. C.
Waccamaw Bank & Tr. Co
Union Tr. Co.
The Northwestern Bk.
Bank of Statesville
North Carolina Nat'l. Bank
The Northwestern Bank
Bank of Stoneville
Farmers Bank of Sunbury
The Bank of Asheville
First-Citizens Bk. & Tr. Co
Citizens Bk. & Tr. Co.
Edgecombe Bk. & Tr. Co.
N. C. Nat'l. Bank
The Northwestern Bank
The State Commercial Bank
Bank of Montgomery
N. C. Nat'l. Bank
Anson Bk. & Tr. Co.
26,075.64
23,953.53
26,946.49
25,158.28
24,322.68
28,669.71
26,254.43
52,753.25
25,203.93
24,750.77
3,701.90
24,771.16
27,313.53
28,198.12
28,999.51
27,383.54
25,662.87
28,920.75
24,711.94
28,543.68
24,327.39
28,867.25
24,979.59
25,830.66
14,508.75
5,458.50
28,963.78
25,573.73
i9,634.49
24,628.89
2,139.28
98,900.94
25,356.05
26,644.31
26,030.09
27,306.36
27,553.73
25,746.01
26,716.71
150,000.00
50,000.00
140,000.00
300,000.00
Report of State Treasurer 17
FUNDS DEPOSITED IN NORTH CAROLINA BANKS—(Continued)
-, ^adesboro The First Nat'l. Bk. of Anson Co. ... 28,130.04 250.000.00
n Wallace Branch Banking 8: Tr. Co. 26,664.37 -..-
- Walnut Cove ...... The Northwestern Bank 25,037.58 141,000.00
- ^arrenton The Citizens Bank 29,782.35
n /'ashington Bank of Washington 26,928.24 233,600.00
).» ^axhaw American Bk. & Tr. Co. 50,000.00
icf^aynesville First Union Nat'l. Bk. of N. C. 29,147.71
invest Jefferson . The First Nat'l. Bk. 27,918.31
^'hiteville Southern Nat'l. Bank 27,608.56
rhiteville Waccamaw Bk. & Tr. Co. 50,334.22 1,200,000.00
^'illiamston Branch Banking &: Tr. Co 28,175.91 -.
^illiamston Wachovia Bk. & Tr. Co. 23,334.10
Vilmington N. C. Nat'l. Bank 28,549.14
ilmington Wachovia Bk. & Tr. Co. 25,805.85
Vilson Branch Banking & Tr. Co. 104,007.94 7,500,000.00
Vilson First Union Nat'l. Bk. of N. C. 28,062.60
Vinston-Salem First Union Nat'l. Bk. of N. C. 53,083.05 750,000.00
Vinston-Salem Hood System Indust. Bank 150,000.00
I Vinston-Salem . N. C. Nat'l. Bank 52,423.77
M Vinston-Salem Wachovia Bk. & Tr. Co. 51,216.22 18,000,000.00
Vinterville The Bank of Winterville 27,225.82
/Voodland The Farmers Bank 235,000.00
fadkinville Bank of Yadkin 26,607.82
.^anceyville The Northwestern Bank 25,226.86
[nterest Reserve Account
Chase Manhattan Bank, New York 5,612,999.83
[nterest Reserve Account
Bankers Trust Company, New York 206,242.00
$55,086,305.44 $100,559,680.00
18 Report of State Treasurer
Exhibit 2
FUNDS INVESTED IN U. S. GOVERNMENT SECURITIES
TREASURER'S CASH BALANCES
JUNE 30, 1966
Description Cost Face Value
U. S. Treasury bills:
Due 8-4-66 $ 4,940,976.39 $ 5,000,000.00
Due 8-11-66 2,928,800.00 3,000,000.00
Due 9-29-66 4,944,136.11 5,000,000.00
Due 10-13-66 -..- - 4,879,425.00 5,000,000.00
Due 10-20-66 _ 14.640.550.00 15,000,000.00
Due 11-3-66 19,547,344.45 20,000,000.00
Due 11-10-66 24,450,854.16 25,000,000.00
Due 11-17-66 6,829,425.56 7,000,000.00
83,161,511.67 85,000,000.00
U. S. Treasury certificates of indebtedness:
43/4% Due 11-15-66 - 2,012,187.50 2,000,000.00
2,012,187.50" 2,000,000.00
U. S. Treasury notes:
35/8% Due 2-15-67 5,000,000.00 5,000,000.00
4% Due 2-15-67 34,895,330.64 35,000,000.00
414% Due 5-15-67 16,471,950.00 16,500,000.00
4^8% Due 11-15-67 11,982,904.89 12,000,000.00
68,350,185.53 68,500,000.00
U. S. Treasury bonds:
33/8% Due 11-15-66 2,998,125.00 3,000,000.00
35/8% Due 11-15-67 9,871,467.40 10,000,000.00
334% Due 8-15-68 28,314,010.70 29,000,000.00
4% Due 10-1-69 48,260,187.50 49,000,000.00
4% Due 2-15-70 55,947,852.38 57,000,000.00
4% Due 8-15-70 1,918,642.96 2,000,000.00
414% Due 8-15-92/87 1,979,002.46 2,000,000.00
149,289,288.40 152,000,000.00
1302,813,173.10 $307,500,000.00
Report of State Treasurer 19
Exhibit 3
BOND SINKING FUNDS AND RESERVES
JUNE 30, 1966
ASSETS
Treasurer's Cash:
General Fund accounts -- $ 272,328.49
Highway Fund accounts ___._ 41,927,990.02
State of North Carolina bonds, at cost __
U .S. Government securities ,at cost
FUND BALANCES
General Fund:
Bond Sinking Funds
State Ports Bond Reserves
Highway Fund:
Secondary Road Bond Reserves
$42,200,318.51
2,000.00
6,277,000.00
$48,479,318.51
$ 6,546,106.69
5,221.80
41,927,990.02
$48,479,318.51
Exhibit 4
STATEMENT OF SPECIAL SELF INSURANCE FUNDS
JUNE 30, 1966
State Owned Public School
Property Fire Buildings Fire
ASSETS Insurance Insurance
Cash $ 61,264.72 $ 583,429.98
U. S. Government securities, at cost 3,360,645.23 2,875,614.93
$3,421,909.95 $3,459,044.91
FUND BALANCES
Fund Balances with State Treasurer $3,421,909.95 $3,459,044.91
20 Report of State Treasurer
Exhibit 5
STATEMENT OF STATE AND LOCAL GOVERNMENTAL
EMPLOYEES RETIREMENT FUNDS
JUNE 30, 1966
Teachers and Local Govern-
State Employees mental Employees
ASSETS Retirement Fund Retirement Fund
Cash - $ 458,396.54 $ 405,558.93
North Carolina county
and city bonds, at cost .-- 8,727,375.53 3,243,149.48
U. S. Government securities,
at cost 194,262,066.52 19,237,037.47
U. S. Agency securities, at cost 38,060,803.99 7,810,718.31
Corporate securities, at cost:
Debenture bonds _-_ 243,521,089.15 36,084,919.89
Common stocks 31,534,447.42 3,503,827.78
$516,564,179.15 $70,285,211.86
FUND BALANCES
Fund Balances with State Treasurer $516,564,179.15 $70,285,211.86
Exhibit 6
STATEMENT OF FIREMEN'S AND LAW ENFORCEMENT
OFFICERS RETIREMENT FUNDS
JUNE 30, 1%6
Law Enforcement
Firemen's Officers Benefit &
ASSETS Pension Fund Retirement Fund
Cash $ 358,355.96 $ 107,388.75
North Carolina county and
city bonds, at cost ____. 7,587,524.48
U. S. Government securities, ,
at cost __ 1,445,012.38 465,680.82
Savings and Loan shares __ 15,000.00
Corporate debenture bonds,
at cost 22,857,200.95
$1,803,368.34 $31,032,795.00
FUND BALANCES
^ ~
Fund Balances with State
Treasurer $1,803,368.34 $31,032,795.00
Report of State Treasurer 21
Exhibit 7
STATEMENT OF LITERARY LOAN FUND
JUNE 30, 1966
ASSETS
Cash . .L ... $ 497,644.44
Notes Receivable 2,441 ,780.00
U. S. Government securities, at cost 1,226,709.23
14,166,133.67
FUND BALANCE
Fund Balance with State Treasurer _. $4,166,133.67
Exhibit 8
SPECIAL FUNDS CASH BALANCES
JUNE 30, 1966
State Departments and Budget
Code Description Amount
Administration, Department of:
10801—State Surplus Commodities and Public
Printing and Co-operative Supplies $ 68,346.51
10802-Federal Property Agency 330,401.98
10803-Central Motor Pool-Operations 189,696.76
10804-Central Motor Pool-Equipment Fund 110,777.22
10811—Economic Opportunity Program .35
699,222.82
Agriculture, Department of:
28721 -Department of Agriculture 77.57
28725-N. C. Milk Commission 135,228.03
28727-State Warehouse System-Supervision 80,630.04
28731 -Cooperative Inspection Service 500,210.29
28733—Egg Inspection Service 654.43
28735-Structural Pest Control ..-_ 6,849.97
28739-Credit Union Supervision 75,806.33
28741-N. C. State Fair 121,626.16
28745-Sheep Distribution Project 97,278.96
28751-Special Depository Account 165,104.83
28755-Operation of Farmers Market 21,400.24
1,204,866.85
Art Museum, State:
19861-N. C. Museum of Art-Special Gift Account 20,827.95
22 Report of State Treasurer
SPECIAL FUNDS CASH BALANCES—(Continued)
Blind, Commission for the:
16761-Federal Aid I 54,224.65
1 6763—Administration—Federal —- —
-
3 1 ,92 1 .75
16765-County Account 22,697.37
16767-Vocational Rehabilitation-Federal -- 63,393.67
172,237.44
Boards and Commissions:
12771 -Commissioner of Banks 618,643.54
12781—Burial Association Commission 43,713.29
12791-Board of Barber Examiners 72,399.83
12801 -Board of Cosmetic Art 207,674.62
12811-Board of Opticians 12,263.77
954,695.05
Civil Defense, State Council of:
12865—Contribution to Local Units—Federal 10,371.47
12867-Community Shelter Program .^ 8,537.00
12869—Emergency Planning—Federal _. 3,717.10
12871—Radiological Equipment Program 6,954.18
29,579.75
Conservation and Development, Department of:
26721—Kerr Reservior Development Commission 11,328.16
26725-Community Planning 150,227.34
26729-N. C. Coordinating Film Unit 5,339.51
26737-Operation of Executive Aircraft .- 14,580.62
181,475.63
Debt Service Accounts:
34761-Highway Fund Bond Redemption 4,041,000.00
34763-General Fund Bond Redemption 689,600.00
34765-T. V. A.-Swain County Bond Redemption 119.04
34821 -Highway k General Fund Bond Interest 670,660.28
34823-Highway-Interest-Old Accounts 84,358.80
34825-General Fund-Interest-Old Accounts 41,482.01
34827-Jones County-Bond Interest 18.76
5,527,328.89
Education, Board of:
18791 -Sir Walter Raleigh Memorial Fund .. 10,154.58
18801 -Division of School Planning .22
18802-Public School Facilities of 1963 49,158.23
18803-Elementary & Secondary Education of 1965 789,529.62
1881 1-Special Fund 69,548.70
18816-State Textbook Fund 3,802,700.98
18821 -Commercial Education & Trade Schools Fund 1,203.57
Report of State Treasurer 23
SPECIAL FUNDS CASH BALANCES—(Continued)
18826-Community School Lunchroom Program | 88,718.54
18831-Adult Education Civil Defense 50,745.21
18841 -Vocational Education-Federal 1,579,506.82
18846-Vocational Textile School-Federal 470.73
18856-Student Loan Fund-Teacher Education 499,757.17
18861-Student Loan Fund-Rodman Trust Fund 38,675.39
18863—Student Loan Fund—Vocational and Technical
Education 1 ,946.64
18866—Resource—Use of Education Commission 354.54
18871-Healdi Education-Rockefeller Foundation ..._ 289.02
18873-National Defense Education Program 1,114,228.52
18876-Driver Training and Safety Education 3,483,861.43
18879-School Improvement Project-N. C. Fund 290,299.87
18880-Advancement School 99,394.53
18881-N. C. Science and Technology Research Center 621,965.39
18882-Governor's School 67,020.45
12,659,530.15
Education, Board of Higher
18903—Education Assistance Authority-Trust Fund 25,000.00
18919—Community Service and Continuing Education
Program 2 1 2,546.00
237,546.00
Education Facilities Commission, Higher:
18902-Higher Education Facilities 717.48
Educational Institutions—State Colleges and Universities:
AScT College:
18905-Auxiliary Institutional Services 126,209.97
18954-Overhead Receipts 57,065.06
183,275.03
Appalachian State College:
18907-Auxiliary Institutional Services 131,783.73
18955-Overhead Receipts 32,895.91
164,679.64
Asheville-Biltmore College:
18913—Auxiliary Institutional Services 8,669.21
18916-Overhead Receipts 1,208.78
9,877.99
East Carolina College:
1 8904—Auxiliary Institutional Services 34,631.45
24 Report of State Treasurer
SPECIAL FUNDS CASH BALANCES—(Continued)
18953-Off Campus Branches $ 50,810.53
18957-Overhead Receipts 8,830.88
94,272.86
Fayetteville State College:
18911—Auxiliary Institutional Services 125,163.45
N. C. College at Durham:
18912—Auxiliary Institutional Services __ 256,865.07
18956-Overhead Receipts 12,143.04
269,008.11
University of North Carolina at Chapel Hill:
18920-General Administration-Overhead Receipts 167,474.78
18921 -University Enterprises 646,538.23
1 8922-Overhead Receipts 5,257.66
18923-Auxiliary Institutional Services -.. 261,867.68
18926-Escheat Refund Account 35.65
26761—Research in Economics of Fisheries Industry 4,483.81
1,085,657.81
University of North Carolina at Greensboro:
18950-Auxiliary Institutional Services 326,025.30
18952-Overhead Receipts 30,405.69
356,430.99
North Carolina State University:
18941—Auxiliary Institutional Services 31,343.19
1 8942-Overhead Receipts 435,030.76
18946-Operation of Coliseum .._ 47,162.15
28821 -Agricultural Experiment Station-Federal 76,841.70
28823-Agricultural Experiment Station-Gifts 518,864.77
28841—Cooperative Agricultural Extension Service-
Smith Lever-Federal 90,818.37
28861—State Soil and Water Conservation Committee-
Revolving Fund 18,833.33
1,218,894.27
Western Carolina College:
18906-Auxiliary Institutional Services 360,335.13
18958-Overhead Receipts 16,495.32
376,830.45
Employment Security Commission:
30721—Administration Account 77,197.85
30723—Special Unemployment Compensation-Administration 456,499.94
30725-Claims and Benefits Account 279,670.08
Report of State Treasurer 25
SPECIAL FUNDS CASH BALANCES—(Continued)
30727-Clearing Account $ 79,262.37
30729—Unemployment Compensation-Federal Employees
Benefits Account . 18,868.07
30735—Manpower Development and Training Act 612,817.10
1,524,315.41
Health, State Board of
24721-Federal Funds 981,544.26
24723-Bidding Fund 23,535.59
1,005,079.85
Health and Hospitals:
Broughton Hospital:
24852-Federal 94,135.69
Caswell Center-Federal 20,978.81
Cherry Hospital:
24854-Federal 69,66 1 .96
Dorothea Dix Hospital:
24847-Federal 1 30,28 1.15
John Umstead Hospital:
24853-Federal \ 78,872.28
Murdoch Center:
24850-Federal 62,832.26
O'Berry Center:
24848-Federal 35,705.36
Western Carolina Center:
24849-Federal 65,566.66
Industrial Commission:
12881 -Second Injury Fund 57,154.65
Insurance Department:
12835—Workmen's Compensation Security Fund-
Mutual Account 46,928.22
12837—Workmen's Compensation Security Fund-
Stock Account 88,063.92
12839-Publications Fund 15,940.48
12841 -Firemen's Relief Fund 76,933.93
227,866.55
Library, State:
1 898 1 -Federal Aid 86,879.23
18982-Library Community Project 15.38
1 8983-Clearing Accounts _ 23,861 .00
26 Report of State Treasurer
SPECIAL FUNDS CASH BALANCES—(Continued)
18985-Federal Construction Account $ 108,016.00
218,771.61
Local Government Commission:
10821 -Law Publication Revolving Fund 3,940.89
Medical Care Commission:
18901-Medical Education Loan Fund ..._ 521,672.05
24823-Hospital Survey-Federal 2,702.48
24825-Hospital Maintenance Project 9,188.00
533,562.53
Mental Health, Department of:
24845-Community Mental Health Fund 39,723.95
24846-Federal 25,568.02
65,291.97
Motor Vehicles, Department of:
12713—Drivers License Examinations - 64,894.80
12715—Safety Responsibility Depository Account 19,835.20
12717—Dealers—Manufacturers License Fund 115,421.76
12719-Bus Regulation Depository Account 43,373.35
12721-Lien Recording Fund 11,777.08
12723-Safety Inspection Equipment Fund 22,420.42
12725—Commercial Driver Training Fund 1,330.00
12761-Gasoline and Oil Inspection Fund 439,076.57
718,129.18
Prison Department:
14821 -General Services Revolving Fund .__ 611,926.85
14831 -Enterprises Revolving Fund 2,747,304.04
3,359,230.89
Retirement and Pension Accounts:
32781-Social Security Program 4,331,002.87
Welfare, Department of Public:
16721 -Old Age Assistance-Federal 2,110,460.28
16723-Aid to Dependent Children-Federal 2,142,280.81
16729-Aid to Permanently and Totally Disabled-Federal -__. 1,108,904.15
16731-Medical Assistance to Aged 117,472.92
16733—Hospitalization and Medical Assistance for
Assistance Recipients 2,357,482.22
16735-Child Welfare Services-Federal 198,407.40
16737-OASI Disability Determinations-Federal 47,825.97
Report of State Treasurer 27
SPECIAL FUNDS CASH BALANCES—(Continued)
16738-Homemaker Services to the Aged $ 28,250.55
16739—Community Services Demonstration Project-Federal .. 43,487.64
8,154,571.94
Wildlife Resources Commission:
26741 -Wildlife Resources Commission 627,005.82
26743-Motorboat Section 1 12,738.30
739,744.12
Miscellaneous Accounts:
16801 -Confederate Women's Home-Trust Fund 774.78
12901 -Assurance of Land Titles 3,272.67
26781-Tennessee Valley Authority 28,675.93
26841—George Washington Statue Commission 135.67
32,859.05
Grand Total $47, 1 1 ,584.29
28 Report of State Treasurer
BONDED INDEBTEDNESS
GENERAL FUND
Capital Improvements
JUNE 30, 1966
Date of
Issue
.._.- 7-1-53
12-1-53
4-1-55
5-1-59
11-1-59
5-1-60
11-1-60
8-1-61
10-1-63
3-1-66
State Ports Facilities (Note 2)
Public School Facilities
Sinking Fund Bonds (Note 3)
Total General Fund
10-1-50
10-1-50
12-1-53
10-1-54
11-1-57
5-1-58
9-1-65
4-1-30
4-1-31
7-1-31
Average
Interest
Cost
2.305%
2.038
1.964
3.245
3.291
3.014
2.860
2.976
2.834
3.249
1.413%
1.413%
2.038
1.684
2.393
2.750
3.000
4.250%,
4.000
4.000
Exhibit 9
Balance
Outstanding
(Note 1)
$ 9,150,000
4,465,000
6,000,000
2,150,000
7,900,000
7,300,000
8,500,000
13,700,000
21,000,000
17,970,000
$ 98,135,000
$ 1,350,000
$ 4,520,000
8,150,000
2,200,000
6,700,000
11,300,000
25,000,000
I 57,870,000
$ 1,300,000
4,304,000
400,000
$ 6,004.000
$163,359,000
HIGHWAY FUND
Secondary Road Bonds (Note 4) 7-1-49 1.577% $ 7,650,000
1-1-50 1.577 16,950,000
1-1-51 1.944 23,000,000
Total Highway Fund | 47,600,000
Total Bonded Indebtedness (Note 5) $210,959,000
NOTES:
(1) July 1st maturities shown as retirements in previous year—the year in
which funds were appropriated.
(2) The net earnings of the Ports Authority, after certain reservations for
Report of State Treasurer 29
operating capital and enlargements, are to be credited to the State
Ports Bond Sinking Fund for the payment of both principal and
interest.
(3) Payable from funds set aside under Sinking Fund Act of 1945 from
State's accumulated General Fund surplus ($51,585,079) to provide for
the payment of the General Fund bonded indebtedness outstanding at
that time.
(4) The Secondary Road Bonds have a 1^ per gallon gasoline tax pledged
exclusively to pay both principal and interest. The accumulated fund
balance at June 30, 1966 of $41,927,990 plus subsequent tax collections
are estimated to provide sufficient funds for their retirement by Decem-ber,
1966.
(5) Not included in this figure are the following:
(a) Bonds for public school facilities of $35,000,000 (dated March 1,
1966) for which bids were received on June 22, 1966 and delivery
made on July 20, 1966.
(b) Bonds authorized and unissued (in addition to the $35,000,000
public school facilities bonds referred to in (a) above) : public
school facilities bonds of $40,000,000 and highway construction
bonds of $300,000,000.
30 Report of State Treasurer
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Report of State Treasurer 31
Exhibit 10
STATEMENT OF SECURITIES HELD IN TRUST
JUNE 30, 1966
DESCRIPTION FACE VALUE
SECURITIES HELD IN SAFEKEEPING:
Atlantic & East Carolina Railroad Company -—
$
50,000.00
Atlantic 2c North Carolina Railroad Company 78,500.00
Dorothea Dix Hospital 31,000.00
General Fund Bonds Sinking Fund of 1945 279,000.00
Law Enforcement Officers' Benefit & Retirement Fund 33,785,250.00
Local Governmental Employees Retirement System 8,730,827.78
Medical Care Commission 810,011.75
North Carolina Department of Agriculture:
Cooperative Inspection 40,000.00
State Warehouse System 612,530.22
Miscellaneous 1,675.00
N. C. Department of Insurance—Workmens Comp. Security 946,000.00
Public School Insurance Fund 500,000.00
State Board of Education:
Literary Loan Fund 2,941,780.00
Rodman Trust Fund 45,697.58
Prospective Teachers Loan Fund 2,856,225.00
State Property Fire Insurance Fund 600,000.00
Teachers & State Employees Retirement System 80,410,144.83
132,718,642.16
SECURITIES HELD AS GOOD FAITH DEPOSITS:
North Carolina Department of Agriculture 7,000.00
North Carolina Department of Insurance 33,904,500.00
North Carolina Department of Motor Vehicles 100.00
North Carolina Department of Revenue 391,411.00
North Carolina Industrial Commission 880,000.00
35,183,011.00
SECURITIES OWNED BY THE STATE:
(Other than temporary investments of
Treasurer's cash balances)
North Carolina Railroad Company (30,002 shares) 3,000,200.00
Atlantic & North Carolina Railroad Company (12,666 shares) 1,266,600.00
4,266,800.00
32 Report of State Treasurer
Exhibit 11
GENERAL FUND
STATEMENT OF REVENUES AND EXPENDITURES
(As Prepared from Records of Director of Budget)
Years ended June 30, 1965 and 1966
REVENUES: 1965 1966
Income taxes:
Individuals - $133,246,581 $164,741,591
Domestic Corporations 38,710,835 42,125,172
Foreign Corporations 37,390,349 45,096,276
Penalties and interest 814,517 773,422
210,162,282 252,736,461
Sales taxes 168,467,881 188,246,243
Franchise taxes -- 37,976,467 41,383,066
Beverage taxes 21,120,905 22,514,652
Inheritance taxes 10,647,573 11,443,686
Licenses 7,346,944 8,280,365
Gift taxes 1,959,807 6,456,868
Insurance company taxes 18,532,310 20,118,948
Bank excise taxes 2,021,530 1,963,506
Savings and loan taxes 1,997,709 2,082,526
Freight cars 88,329 97,671
Miscellaneous _ 128,053 91,404
Total Under Revenue Act 480,449,790 555,415,396
Non-tax revenues:
Income from Treasurer's Investments 7,907,545 10,322,713
Gasoline and oil inspection fees 1,393,892 1,334,249
Other 1 ,949,22
1
6,177,101
Total Revenues 491,700,448 573,249,459
EXPENDITURES:
General government 13,077,457 13,547,177
Public safety and regulation 3,718,934 4,149,690
Correction 15,361,942 18,007,737
Public Welfare 15,934,338 17,297,797
Education 314,010,894 345,847,830
Non-highway transportation 197,200 199,178
Health and hospitals 41,323,538 47,625,234
Natural resources and recreation 5,346,792 5,618,787
Agriculture 8,865,387 10,522,696
Retirement and pensions 30,551,320 42,389,464
Debt service 11,668,153 11,905,291
Report of State Treasurer 33
Capital improvements 3,000,000 41,651,578
Total Expenditures 463,055,955 558,762,459
Revenues in excess of expenditures — - 28,644,493 14,487,000
Cash balance at beginning of year _. 59,027,538 99,679,250
Transfer of Reserve for Refund of
Income Taxes Withheld ....._ 12,007,219
Cash balance at end of year | 99,679,250 $114,166,250
Exhibit 12
HIGHWAY FUNDS
STATEMENT OF REVENUES AND EXPENDITURES
(As Prepared from Records of Director of Budget)
Years ended June 30, 1965 and 1966
REVENUES: 1965 1966
State Revenues:
Gasoline gallon tax $105,366,862 $111,938,286
Gasoline gallon tax—highway usage 844,046 862,594
Gasoline gallon tax—one cent debt service —. 18,484,491 19,595,137
Bus and franchise taxes 7,020,535 8,078,884
Motor vehicle registrations _ 33,772,957 36,050,899
Gasoline inspection fees 4,515,780 4,795,870
Title fees 1,645,268 1,790,899
Penalties 766,726 772,610
Miscellaneous 20,873 20,101
172,437,538 183,905,280
Interest on Treasurer's Investments 3,151,909 3,708,759
Total State Revenues ...._. 175,589,447 187,614,039
Federal aid participation 45,093,191 62,397,557
Cities and towns participation __ 203,306 876,726
Property owners participation 553,677 752,472
Total Revenues 221,439,621 251,640,794
EXPENDITURES:
Public safety and regulation 12,006,908 14,593,355
Education 2,191,099
Highways 2 1 3,1 75, 1 59 236,71 7,288
Retirements and pensions 3,240,009 5,589,505
Debt service 12,386,750 12,356,875
Total Expenditures 240,808,826 271,448,122
Expenditures in excess of revenues 19,369,205 19,807,328
Cash balance at beginning of year 109,872,364 90,503,159
Cash balance at end of year $ 90,503,159 $ 70,695,831
34 Report of State Treasurer
Exhibit 13
EARNINGS FROM TREASURER'S INVESTMENTS
JUNE 30, 1966
Year Ending Fund Credited Total
June 30th General Fund Highway Fund Earnings
1949 $ 355,718.70 $ S 355,718.70
1950 1,565,364.60 1,565,364.60
1951 3,182,816.43 3,182,816.43
1952 3,711.530.66 3,711,530.66
1953 3,383,700.58 ...-. -- 3,383,700.58
1954 2,800,431.54 2,800,431.54
1955 2,069,387.66 2,069,387.66
1956 2,074,700.74 2,074,700.74
1957 3,124,660.97 3,124,660.97
1958 4,064,535.14 4,064,535.14
1959 3,361,305.61 3,361,305.61
1960 5,114,916.67 5,114,916.67
1961 6,906,905.93 6,906,905.93
1962 4,802,526.98 1,907,372.57 6,709,899.55
1963 5,161,898.74 1,733,738.33 6,895,637.07
1964 6,003,139.25 1,968,852.60 7,971,991.85
1965 7,907,545.37 3,151,908.73 11,059,454.10
1966 10,322,712.66 3,708,759.07 14,031,471.73
Totals $75,913,798.23 $12,470,631.30 $88,384,429.53
Exhibit 14
SECONDARY ROAD BOND RESERVE OF HIGHWAY FUNDS
JUNE 30, 1%6
Year Ending Receipts from Debt Fund
June 30th 1^ Gas Tax Requirements Balance
1950 $ 3,932,540 $ 673,041 $ 3,259,499
1951 9,508,062 8,319,250 4,448,311
1952 10,036,362 9,594,625 4,890,048
1953 10,824,684 8,935,250 6,779,482
1954 11,118,979 12,645,750 5,252,711
1955 11,742,992 12,472,063 4,523,640
1956 12,748,401 12,291,375 4,980,666
1957 13,289,465 12,158,313 6,111,818
1958 13,427,098 12,174,250 7,364,666
Report of State Treasurer 35
1959
1960
1961
1962
1963
1964
1965
1966
1967
14,203,998
14,781,505
15,531,212
16,106,413
16,800,103
17,534,904
18,484,491
19,595,137
7,586,573 i
$237,252,919
12,238,000
12,249,563
12,259,250
12,316,750
12,312,063
12,355,188
12,386,750
12,356,875
12,381,875
12,378.188
12,368,250
12,386,250
$237,252,919
9,330,664
11,862,606
15,134,568
18.924,321
23,412,271
28,591,987
34,689,728
41,927,990
37,132,688
24,754,500
12,386,250
1 Amount necessary together with the fund balance to provide for the re-tirement
of the bonds outstanding. (The remaining proceeds of the tax
levy for the fiscal year 1967 and subsequent years are similarly earmarked
to service the new highway bonds which were authorized in 1965) .
Exhibit 15
INTEREST RATES ON CERTIFICATES OF DEPOSITS
JUNE 30, 1966
Effective Date Rate Effective Date Rate
October 6, 1953 1.75% December 12, 1958 3.00%
February 4, 1954 1.50 June 5, 1959 NA
November 19, 1954 1.25 April 5, 1960 3.00
March 2, 1955 1.50 April 13, 1960 NA
April 16, 1955 1.75 May 13, 1960 3.00
August 9, 1955 2.00 August 10, 1960 2.50
September 9, 1955 2.25 September 21, 1960 2.75
November 29, 1955 2.50 January 16, 1961 2.50
October 1, 1956 NA December 12, 1961 3.00
January 3, 1958 3.00 July 5, 1963 3.25
January 27, 1958 2.625 July 18, 1963 3.50
February 17, 1958 2.00 November 27, 1963 3.75
April 9, 1958 1.50 November 30, 1964 4.00
June 17, 1958 1.25 September 25, 1965 4.20
August 8, 1958 1.625 December 7, 1965 4.50
August 15, 1958 2.00 January 6, 1966 4.75
August 27, 1958 2.50 July 14, 1966 5.00
September 16, 1958 2.75 August 24, 1966 5.50
NA—Indicates period during which the current interest rate on U. S. Treas-ury
obligations exceeded the rate of interest banks were permitted to
pay on certificates of deposit by the Federal Reserve and F.D.I.C.
(G. S. 147-69.1)
36 Report of State Treasurer
INVESTMENT RESPONSIBILITIES
The State Treasurer is responsible for the investment of the
cash funds of the State as well as certain other special trust funds
administered by the State. The cash funds available for invest-ment
include all moneys belonging to the State, collected through
the two principal operating funds—the General Fund and the
Highway Fund, in excess of the immediate requirements of the
agencies and institutions receiving legislative appropriations. The
special trust funds include employee retirement funds, special
fire insurance funds, the public school loan fund, and the student
loan guarantee fund.
Cash Balances of Operating Funds
The provisions of G. S. 147-69.1 authorize the investment of
the Treasurer's cash balances in excess of normal operating re-quirements.
These cash balances exist because of the time lag
between the receipt of cash and the expenditure of the legislative
appropriations by the agencies and institutions of the State, The
cash receipts result from tax levies, agency charges and receipts,
bond proceeds, interest on fund balances and other nontax
revenues.
The program of investing fund balances was initiated in 1949
under legislation enacted by the General Assembly. Since that
time, through the end of the fiscal yeai 1966, earnings resulting
from this program have amounted to $88,384,429.53. All earn-ings
were originally credited to the General Fund, but since 1962
the earnings have been divided between the General Fund and
the Highway Fund according to the respective fund balances in
the two funds figured on a monthly basis during the fiscal year.
The securities eligible for the investment of the Treasurer's
cash balances under G. S. 147-69.1 include the following:
1. Certificate of deposits of North Carolina banks.
2. U. S. Treasury bills, certificates of indebtedness, notes, and
bonds.
3. U. S. agency bonds and notes guaranteed as to principal and
interest by the United States government.
4. State of North Carolina bonds and notes.
Report of State Treasurer 37
In practice the securities purchased are limited to certificates of
deposits of North Carolina banks and U. S. Treasury bills, certifi-cates
of indebtedness, notes, and bonds.
The statute, G. S. 147-69. 1, requires that the funds "shall be
so invested that in the judgment of the Governor and State
Treasurer they may be readily converted into money at such
time as the money will be needed."
Under the policies of the State Treasurer, the banks of the
State are entitled to funds on six-months certificates in an amount
up to 40% of the applicant bank's combined capital stock, sur-plus,
and undivided profits. The interest rate charged banks is
set by the Governor and Council of State and is determined by
reference to the rate of return available on U. S. Treasury securi-ties
of comparable maturity at the time of the investment. The
statute provides that . . .
"if such rates on United States treasury bonds, notes,
certificates of indebtedness or bills of comparable ma-turity
are higher than the rates banks are permitted to
pay by federal or State statutes or regulations and if in
the judgment of the Governor and the Council of State
it would benefit the economy of the State, such excess
funds may be invested in certificates of deposit issued
by those banks or official depositories within the State
of North Carolina, whose ratio of total loans to total
deposits is equal to or exceeds thirty-nine per cent
(39%) on the date of application for new deposits or
renewal of outstanding certificates of deposit, yielding a
return at the maximum rate, permitted by statutes or
regulations: Provided further, however, that if the rates
available on United States treasury bonds, notes, certifi-cates
of indebtedness or bills exceed the rates banks are
permitted to pay by as much as one-half of one per cent
(1/2 of 1%), the fimds invested with banks on certifi-cates
of deposit shall be withdrawn and invested other-wise
as provided by this section; provided further that
any such bank shall, on its application for such funds
certify that the sum applied for is needed to make loans
to farmers or domestic industries and will not be in-vested
by the applicant in U. S. treasury bonds, notes,
certificates of indebtedness or bills." (G. S. 147-69.1)
38 Report of State Treasurer
The Teachers' and State Employees' Retirement Fund
The Teachers' and State Employees' Retirement Fmid, as pro-vided
under G. S. 135-1 et seq., was established in 1941 to provide
a program of retirement alloAvances and other benefits for public
school teachers and employees of State government. The receipts
of the Fund include legislative appropriations, member contri-butions
and earnings on investments. Assets of the Fund as of
June 30, 1966, total approximately $516 million with annual
receipts available for investments amounting to approximately
$65 million. Annual earnings from investments approximate $21
million.
The assets of the Fund may be invested by the Board of Trus-tees
in securities designated by statute, and all earnings of the
Fund become a part therof. (See the list of eligible securities
sho^vn at the end of this narrative section.) The State Treasurer
serves as investment officer under authority granted by the Board
of Trustees.
The Fund functions under the supervision of a Board of
Trustees, with the State Treasurer serving as chairman.
Local Governmental Employees' Retirement Fund
The Local Governmental Employees' Retirement Fund, as
provided under G. S. 128-29 et seq., was established in 1945 to
provide a program of retirement allowances and other benefits for
the employees of local governmental units in the State (other than
those employees primarily engaged in enforcing the criminal laws
of the State who elect to become members of the Law Enforce-ment
Officers' Benefit and Retirement Fund) . Membership in
the Fund is optional to the local governmental unit. The re-ceipts
of the Fund include employer contributions, member con-tributions,
and earnings on investments. Assets of the Fund as
of June 30, 1966, total approximately $70 million, with annual
receipts available for investments amounting to approximately
$9 million. Annual earnings from investments approximate $3
million.
The assets of the Fund may be invested, by the Board of
Trustees, in securities designated by statute, and all earnings of
the Fund become a part thereof. Securities eligible for investment
are the same as those authorized for the Teachers' and State
Employees' Retirement Fund. The State Treasurer serves as in-
Report of State Treasurer 39
vestment officer under authority granted by the Board of Trustees.
The Fund functions under the supervision of a Board of
Trustees, with the State Treasurer serving as chairman.
The N. C. Firemen's Pension Fund
The N. C. Firemen's Pension Fund, as provided under G. S.
118-18 et seq., was established in 1959 to provide a program of
pension allowances and other benefits for eligible firemen who
elect to become members of the Fund. The receipts of the Fund
include legislative appropriations, member contributions, and
earnings on investments. Assets of the Fund as of June 30, 1966,
total approximately $1.4 million, with annual receipts available
for investments amounting to approximately $300,000. Annual
earnings from investments approximate $60,000.
The assets of the fund may be invested by the State Treasurer
in the same type of securities in which State sinking funds may
be invested, and all earnings of the Fund become a part thereof.
The Fund functions under the supervision of the Board of
Trustees, with the Commissioner of Insurance serving as chair-man.
State Literary Fund
The State Literary Fund, as provided under Sections 4 and 9
of Article IX of the State Constitution and under G. S. 115-101
et seq., as the Fund is now constituted, was established in 1903
for the purpose of making loans to the counties to aid the county
and city school administrative units in the construction and
equipment of school plants and facilities. The loans are repayable
in 10 annual installments, with the rate of interest determined
by the State Board of Education not to exceed 4 per cent per
annum. The receipts of the Fund include earnings on invest-ments
and miscellaneous receipts from land grants, leases, and
sales. Assets of the Fund, as of June 30, 1966, total approximately
$4.2 million, with annual receipts available for investments
amounting to approximately $125,000. Annual earnings from
investments approximate $120,000.
The Fund functions under the supervision of the State Board
of Education.
The State Treasurer invests the cash balances in the Fund in
U. S. Treasury securities, and all earnings of the Fund become a
part thereof.
40 Report of State Treasurer
Public School Insurance Fund
The Public School Insurance Fund, as provided under G. S.
115-134 et seq., was established in 1949 as a program of self-insurance
to provide local public school administrative units
with optional fire loss coverage on public school properties. In-surance
coverage up to $200,000 is available for each school build-ing.
Well over one-half of the school administrative units have
elected coverage under this program. The receipts of the Fund
include charges to the local administrative units for the insur-ance
coverage provided and interest on investments. Assets of
the Fund, as of June 30, 1966, total approximately $3.5 million,
with annual receipts available for investments amounting to
approximately $600,000. Annual earnings from investments ap-proximate
$100,000.
The assets of the Fund may be invested by the State Treasurer
in the same type of securities in which State sinking funds may
be invested, and all earnings of the Fund become a part thereof.
The Fund functions under the supervision of the State Board
of Education,
State Property Fire Insurance Fund
The State Property Fire Insurance Fund, as provided under
the provisions of G. S. 58-189 et seq., was established in 1945 to
provide fire insurance coverage on all State-owned buildings and
building contents. The Fund reinsures some of the major cover-age
through private insurance companies. The receipts of the
Fund include legislative appropriations, charges to other special
and self-sustaining operating funds administered by the State
for properties insured, and interest on investments. Assets of the
Fund, as of June 30, 1966, total approximately $3.4 million, with
annual receipts available for investments amounting to approxi-mately
$450,000. Annual earnings from investments approxi-mate
$125,000.
The assets of the Fund may be invested by the Sinking Fund
Commission in the same type of securities in which State sinking
funds may be invested, and all earnings of the Fund become a
part thereof. The State Treasurer serves as investment officer
under authority granted by the Commission.
The Fund functions under the supervision of the Commissioner
of Insurance.
Report of State Treasurer 41
Sinking Funds
The Sinking Fund Commission Act, as provided under G. S.
142-30 et seq., was enacted in 1925 for the purpose of establish-ing
a commission to "see that the provisions of all sinking fund
laws are complied with and to provide for the custody, investment
and application of all sinking funds." (See the list of eligible
securities shown at the end of this narrative section.)
As of June 30, 1966, the total sinking funds held by the State
Treasurer amounted to approximately $6 million. These funds
were initially reserved in 1945 for the purpose of paying the
outstanding General Fund bonded indebtedness.
The Governor serves as chairman of the Commission. The State
Treasurer serves as investment officer under authority granted by
the Commission.
State Education Assistance Authority Trust Fund
The North Carolina Education Assistance Authority Trust
Fund, as provided under G. S. 116-201 et seq., was established in
1966 to provide funds to underwrite or guarantee college student
loans which may be made to North Carolina students by the
State's lending institutions. The program, administered by the
staff of the State Board of Higher Education and known as the
Higher Education Financial Assistance Program, was established
under the Federal Higher Education Act of 1965. The loans are
made by private lending institutions and guaranteed by the
State through the use of this Fund. The interest on the student
loans is paid to the lender by the Federal government. The loans
are repaid by the student after graduation or termination
of educational training. The receipts of the Fund include legis-lative
appropriations, Federal grants, and earnings from invest-ments.
Assets of the Fund total approximately $250,000.
The assets of the Fund may be invested, by the Board of Direc-tors,
in the same type of securities as are permitted for the in-vestment
of reserves of domestic life insurance companies. The
eligible securities are enumerated under G. S. 58-79 et seq. The
current practice is to purchase securities of the U. S. Treasury.
All earnings of the Fund become a part thereof. The State
Treasurer serves as investment officer under authority granted
by the Board of Directors.
42 Report of State Treasurer
The authority is governed by a Board of Directors consisting
of seven members, each of whom is appointed by the Governor.
Securities Eligible for Investment of Funds of the Teachers' and
State Employees' Retirement System
The securities eligible for investment of funds of the Teachers'
and State Employees' Retirement System under G. S. 135-7 in-clude
the following:
1. Bonds and notes of the State of North Carolina. (Direct
obligations of the State of North Carolina.)
2. Obligations of the United States government. (Direct obli-gations
of the United States government.)
(a) Bonds
(b) Notes
(c) Certificates of Indebtedness
(d) Bills
3. Guaranteed obligations of United States government agen-cies.
(Obligations fully guaranteed both as to principal and
interest by the United States government.)
(a) District of Columbia Armory Board bonds. (D. C.
Stadium Act of 1957.)
(b) Export-Import Bank participation certificates. (Ruling,
Federal Reserve Board.)
(c) Farmers Home Administration insured notes.
(d) Federal Housing Administration debentures.
(e) Public Housing Administration temporary notes and
preliminary loan notes.
4. Nonguaranteed obligations of United States government
agencies. (Not obligations of, or guaranteed by, the United
State government.)
(a) Banks for Cooperatives
(b) Federal Home Loan Banks
(c) Federal Intermediate Credit Banks
(d) Federal Land Banks
(e) Federal National Mortgage Association
5. Bonds and notes of local governmental units of North
Carolina. (Direct obligations of the local governmental
units of North Carolina.)
Report of State Treasurep 43
(a) Municipal
(b) County
(c) School district
(d) Sanitary district
(e) Fire district
6. Bonds of North Carolina State-supported colleges and uni-versities.
(Revenue bonds issued for student housing, stu-dent
activities, physical education and recreation.) (G.S.
116-196.)
7. Bonds of other states of the United States (i.e., where the
issuing state's full faith and credit is pledged to the payment
of the principal and interest thereof).
8. Shares of savings and loan associations. The associations
must be organized under the laws of North Carolina, or the
laws of the United States with the association's main office
in North Carolina. The number of shares that may be
issued, i.e., the amount of the deposit, is limited to the
amount insured by the Federal Savings and Loan Insurance
Corporation.
9. Notes secured by first mortgages on real estate located with-in
the State of North Carolina when such mortgages are
fully guaranteed or insured by the United States govern-ment
or any agency of the United States government.
10. Corporate bonds, notes, debentures, and certificates. (Ob-ligations
of any industrial, utility, railroad, insurance, or
bank corporation created under the laws of any state or the
United States bearing either of the three highest ratings
of at least two nationally recognized bond rating services.)
11. Common and preferred stocks issued by any corporation
created under the laws of any state of the United States;
provided (as set out in more detail in G. S. 135-72):
(a) That the total value of all common and preferred stocks
owned by the system shall not exceed 15% of the total
value of all invested funds of the system; and provided
further:
(1) That not more than 114% of the total value of
all invested funds of the system shall be invested
in the stock of a single corporation; and,
44 Report of State Treasurer
(2) That the total number of shares held in a single
corporation shall not exceed 8% of such corpora-tion's
total shares outstanding.
(b) That the common stock is registered on a national
securities exchange as provided under the Securities
Exchange Act, except as follows:
(1) The common stock of a bank having capital funds
of at least $20,000,000 and which is a member of
Federal Deposit Insurance Corporation.
(2) The common stock of a life, fire or casualty insur-ance
company having capital funds of at least
$50,000,000.
(c) That the corporation shall have —
(1) Had average net earnings for the five years next
preceding the date of investment (before certain
fixed charges) at least equal to IV2 times the sum
of its average annual dividend requirements for
preferred stock and its average annual fixed
charges (as defined) for the same five year period,
etc.
(2) Paid a cash dividend on its common stock in each
year of the ten years next preceding the date of
investment, etc.
(d) That the corporation shall have no arrears of dividends
on its preferred stock.
NOTE: The research and statistical computation necessary in
ascertaining whether the common and preferred stocks
of a corporation are eligible for investment of funds
of the system are made by an independent, nationally
recognized investment service company, with proper
certifications made in writing to the State Treasurer.
Securities Eligible for Investment of Sinking Funds
The securities eligible for investment of Sinking Funds under
G. S. 142-34 include the following:
1. Bonds and notes of the State of North Carolina. (Direct
obligations of the State of North Carolina.)
Report of State Treasurer 45
2. Obligations of the United States government. (Direct ob-ligations
of the United States government.)
(a) Bonds
(b) Notes
(c) Certificates of Indebtedness
(d) Bills
3. Guaranteed obligations of United States government agen-cies.
(Obligations fully guaranteed both as to principal
and interest by the United States government.)
(a) District of Columbia Armory Board bonds. (D. C.
Stadium Act of 1957.)
(b) Export-Import Bank participation certificates. (Ruling,
Federal Reserve Board.)
(c) Farmers Home Administration insured notes.
(d) Federal Housing Administration debentures.
(e) Public Housing Administration temporary notes and
preliminary loan notes.
4. Bonds and notes of local governmental units of North Caro-lina.
(Direct obligations of the local governmental units of
North Carolina.)
(a) Municipal
(b) County
(c) School district
(d) Sanitary district
(e) Fire district
5. Bonds of North Carolina state-supported colleges and uni-versities.
(Revenue bonds issued for student housing, stu-dent
activities, physical education and recreation.) (G. S.
116-196.)
6. Bonds and notes of other states of the United States (i.e.,
where the issuing state's full faith and credit is pledged to
the payment of the principal and interest thereof).
Report of State Treasurer
of North Carolina
Fiscal Year Ended June 30, 1965
48 Report of State Treasurer
SUMMARY STATEMENT OF RECEIPTS] $
YEAR ENDE'Tl
Receipts i
Fund Balance Other Cash E
Fund and Exhibit References July 1, 1964 Tax Revenues Receipts In
General Fund:
Tax Revenue-Exhibit 1 I $532,285,622.53 $
Non-Tax Revenue-Exhibit 1 12,080,154.82 -
Other General Fund Accts.-Exhibit 2 71,327,455.f
Sub-Total $ 90,247,980.27 $544,365,777.35 $ 71,327.455.^
Special Fund:
Highway Fund: Exhibit 3
Highway Fund ^ $ 65,596,254.64 $156,482,871.85 $ 62,025,567.|s,i
Secondary Road Debt Service 28,591,987.75 18,484,490.62 --
Sub-Total $ 94,188,242.39 $174,967,362.47 $ 62,025,567.1
Agriculture Fund-Exhibit 3 $ 115,727.74 $ $ 3,515,0154
Debt Service-Exhibit 3 5,865,931.61
Other Special Fund Accounts-
Exhibit 3 31,277,688.31 431,021,355.!
Sub-Total ._.. $ 37,259,347.66 $ $434,536,370.^ i7,(
Capital Improvement Fund-Exhibit 4 $ 88,591,426.17 $ $ 7,094,237.
Bond Redemption Sinking Fund-
Exhibit 4 ._ $ 39,313.28 $ $ 322,005.f
Total $310,326,309.77 $719,333,139.82 $575,305,636.f
Distributions: "^
U. S. Treasury Securities-Exhibit 9 $205,856,875.26
Certificates of Deposit-Exhibit 10 .-. 87,431,680.00
Demand Deposits-Exhibit 10 43,140,825.13
Teller's Cash 23,382.46
Total ._. $336,453,762.85
Less: Disbursing Accounts Balance -- 26,126,453.08
Total Cash Balance $310,326,309.77
i3,(
Report of State Treasurer 49
ISBURSEMENTS AND FUND BALANCES
UNE 30, 1965
Disbursements
Receipt Revenue Disbursement Fund Balance
Transfers Refunds Disbursements Transfers June 30, 1965
- $46,223,574.19 $ $
1,393,892.39 1,673,838.91 -...- 1.358,414.69
86,859,467.64 572,843,004.40 46,374,469.95
88,253,360.03 $47,897,413.10 $ 572,843,004.40 $ 47,732.884.64 $125,721,271.01
6,244,742.26 $ $ 210,052,966.75 $ $ 80,296,469.34
- 12,386,750.00 34,689,728.37
6,244,742.26 $ $ 210,052,966.75 $ 12,386,750.00 $114,986,197.71
- $ $ 3,516,367.47 $ - - $ 114,375.81
24,069,322.50 24,244,532.33 5,690,721.78
43,628,423.74 366,205,354.34 105,368,993.15 34,353,119.91
67,697,746.24 $ $ 393,966,254.14 $105,368,993.15 $ 40,158,217.50
3,824,199.26 $ $ 32,208,377.36 $ 3,200.00 $ 67,298,285.98
$ .-.- $. $ 528,240.00 ($ 166,921.72) (0)
!;166,020,047.79 $47,897,413.10 $ 1,209,070,602.65 $166,020,067.79 $347,997,050.48
$241,715,415.77
85,660,680.00
49,713,576.90
13,000.00
$377,102,672.67
29,105,622.19
$347,997,050.48
50 Report of State Treasurer
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Report of State Treasurer 51
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52 Report of State Treasurer
ABSTRACT OF GENERAL FUNDS SHOWING
FOR THE FISCAL YEAR
Appropriations
General Govermnent:
General Assembly
State Legislative Council
Supreme Court:
Justices
Departmental Expense
Printing Reports & Reprints
Superior Courts:
Judges
Solicitors
Judicial Council
Counsel for Indigent Defendants
The Governor's Office .
The Lieutenant Governor
Department of Administration
State Personnel Department -_..
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 Tax Research
Tax Review Board
State Board of Elections
Commissions &: Committees:
Courts Commission (Ch. 951 of 1963)
Governor's Commission on Status of Women
Medical Center Study Commission
Legislative Building Governing Commission ...
N. C. Awards Commission
Advisory Commission for the Museum of
Natural History
Governor's Commission on International
Student Relations
Interstate Co-operation
Funeral of L. Y. Ballentine
,331,987.72
24,616.46
151,500.00
200,088.00
30,000.00
950,822.00
324,000.00
4,410.00
500,000.00
201,889.00
4,197.00
:,459,554.67
203,916.00
59,763.00
119,087.00
341,725.00
193,719.00
96,604.00
210,626.00
466,107.00
11,350.00
.,532,073.00
92,417.00
5,829.00
42,270.00
40,000.00
15,163.00
25,500.00
600.00
2,800.00
25.00
174.06
2,000.00
1,854.37
Report of State Treasurer 53
appropriations, receipts and disbursements
ENDING JUNE 30, 1965 Exhibit II
Transfers
Receipts To From Disbursements
158.10 $ _-._ $. $ 1,213,655.51
.-. ..- _.. 24,288.07
152,979.43
365.14 196,320.50
30,000.00
958,642.14
325,164.80
4,021.29
385,670.91
938.73 203,039.01
374.50 4,179.88
908,754.89 3,200.00 12,500.00 3,310,063.01
130.72 _ 204,136.20
61,131.50 112,473.64
31.46 115,774.29
1,126.01 335,875.35
1,656.37 174,088.43
9,601.50 3,000.00 89,625.20
73,147.19 273,485.87
9,408.78 463,150.08
6,599.51
284,845.23 5,513,253.79
89,887.73
4,431.10
1,729.00 33,140.92
1.00 23,879.12
2.50 15,364.91
343.00 24,883.31
359.29
1,555.00 5,049.43
23.68
30.12
1,943.25
1,854.37
9i
54 Report of State Treasurer
abstract of general
Appropriations
Employment of the Physically Handicapped - 16,568.00
N. C. Capital Planning Commission 49,700.00
Governor's Commission on Educational Television __ 5,012.31
To Study Cause & Control of
Cancer- (Res. 78 of 1959) 1,500.00
Presidential Electors .— 264.00
Contingency and Emergency 18,043.45
Legislative Salary Increase (Clearing Accounts) :
Salary Increases of State Employees Subject to
Personnel Act .^ 7,199.00
Salary Adjustments of State Employees Subject to
Personnel Act 773,301.00
Total General Government $ 14,518,255.04
Public Safety & Regulation:
The Adjutant General:
Adjutant General's Office $ 531,622.00
N. C. Armory Commmission - 36,000.00
State Civil Air Patrol 17,782.00
State Civil Defense Agency:
State Civil Defense Agency 146,409.00
Department of Motor Vehicles—Automobile Drivers
Financial Responsibility Program 320,280.00
Utilities Commission 370,883.00
Insurance Department:
Insurance Department — - 540,717.00
State Property Fire Insurance Fund 250,000.00
Firemen's Relief Fund 1,750.00
Building Code Council 4,008.00
Department of Labor 678,855.00
Industrial Commission 347,268.00
State Board of Alcoholic Control 619,524.00
Dept. of Agriculture—Gasoline & Oil
Inspection Service 107,701.00
Total Public Safety and Regulation | 3,972,799.00
Correction:
Board of Juvenile Correction | 80,273.00
Stonewall Jackson Training School 505,356.00
State Home & Industrial School for Girls 384,924.00
Morrison Training School 549,984.00
Eastern Carolina Training School 305,693.00
Report of State Treasurer 55
FUNDS—(Continued)
Receipts
Transfers
To From Disbursements
15,334.73
47,685.59
755.06
1,035.13
263.35
I 1,355,300.62 3,200.00 $ 15,500.00 $ 14,362,408.00
102,051.73
1,970.08
13,733.87
190,839.76
177,214.61
2,989.89
70,894.86
33,264.48
2,751.43
13,589.05
110,878.07
221,976.12
609,526.69
26,346.80
17,315.61
256,505.37
560,098.09
672,532.65
250,000.00
1,750.00
3,581.03
737,618.94
363,081.42
614,727.60
342,859.60 424,454.14
$ 938,570.31 1 110,878.07 $ 235,565.17 $ 4,537,538.34
850.00
58,384.94
28,097.36
51,290.16
33,736.77
81,211.43
562,338.79
407,056.48
583,600.62
328,121.87
56 Report of State Treasurer
abstract of general
Appropriations
State Training School for Girls 270,766.00
Leonard Training School 425,658.00
Juvenile Evaluation & Treatment Center 486,402.00
Fugitives from Justice 6,500.00
State Prison Department -. 11,860,728.00
Probation Commission 1,240,453.00
Board of Paroles 704,722.00
Total Correction | 16,821,459.00
Public Welfare:
Department of Public Welfare | 14,737,715.00
State Commission for the Blind 1,327,969.00
Veterans Commission:
Veterans Commission 387,584.00
County Service Officers 90,000.00
Confederate Women's Home 65,028.00
Oxford Orphanage 62,250.00
Junior Order Children's Home 55,000.00
Oxford Colored Orphanage 86,000.00
Odd Fellows Home 11,000.00
The Pythian Home 11,000.00
Alexander Schools, Inc. 40,000.00
Eliada Homes, Inc. 15,000.00
Boys' Home of North Carolina, Inc. 10,000.00
Sipe's Orchard Home, Inc. 10,750.00
Total Public Welfare $ 16,909,296.00
Education:
Department of Public Instruction:
Department of Public Instruction—Administration $ 978,147.00
Experimental Program Relating to Merit Pay Plan
for Teachers .._. 41,945.00
State Board of Education:
Nine Mondis School Fund 247,120,444.00
Incentive Compensation for Recognized Merit
in Teaching 120,000.00
State Board of Education 553,106.00
Vocational Education 7,688,956.00
Purchase of Free Text Books 3,697,378.00
Vocational Textile School __ .._ 103,327.00
Purchase of School Buses 2,580,470.00
Division of School Planning 133,763.00
Report of State Treasurer 57
FUNDS—(Continued)
Transfers
Receipts To From Disbursements
23,797.43 284,568.75
34,497.43 443,852.05
40,085.67 484,337.47
767.52 6,256.57
5,901,985.36 16,546,232.93
26,745.60 1,241,337.28
6,607.53 __ 665,199.47
$ 6,206,845.77 | $ -- $21,634,113.71
10,350.05 $ 63,162,773.00 $ $ 77,422,138.58
218,211.27 4,564,615.11 _ 6,068,676.75
545.00 380,952.55
72,353.49
5,001.89 66,579.02
62,250.00
55,000.00
86,000.00
11,000.00
11,000.00
40,000.00
.„..- 15,000.00
10,000.00
10,750.00
$ 234,108.21 I 67,727,388.11 | $ 84,311,700.39
$ 232,459.29 $ | $ 1,068,869.25
17.50 21,692.51
2,597,822.25 2,062,895.00 244,422,856.83
3,317.60 _ 454,398.27
219,054.26 2,665,160.18 _ 8,673,536.05
213,505.08 1,042,352.00 3,674,113.36
6,812.46 105,810.72
985,352.44 . 3,111,958.57
123,964.64
58 Report of State Treasurer
abstract of general
Appropriations
Vocational Rehabilitation 1,201,748.00
Department of Community Colleges—Equipment 1,598,724.00
Instruction &: Training for Trainable Mentally
Handicapped Children ._ 453,834.00
National Defense Education Program 203,461.00
Department of Community Colleges 7,541,101.00
Program of Education by Television 121,438.00
Curriculum Study & Research 117,814.00
Professional Improvement of Teachers 150,840.00
State Board of Higher Education 130,892.00
University of North Carolina (Consolidated) :
General Administration 459,771.00
Long Range Planning Program 38,633.00
University of North Carolina:
University of North Carolina-Chapel Hill 10,100,108.66
Division of Health Affairs 4,031,400.00
North Carolina State University at Raleigh 9,216,704.90
University of North Carolina at Greensboro 3,015,544.43
East Carolina College 4,017,532.10
The Agricultural &: Technical College 2,080,093.70
Western Carolina College 1,607,577.59
Appalachian State Teachers College - 2,056,834.00
Pembroke State College 501,385.00
Winston-Salem State College 805,152.00
Elizabeth City State College 694,601.00
Fayetteville State College 667,162.50
North Carolina College at Durham 2,023,974.40
Asheville-Biltmore College 371,401.00
University of North Carolina at Charlotte 983,531.59
Wilmington College 454,904.00
N. C. Board of Science & Technology , 1,180,417.00
N. C. School for the Deaf 1,142,924.00
Eastern N. C. School for the Deaf 196,224.00
The Governor Morehead School 1,144,857.00
Student Loan Funds:
Medical Care Commission—Medical Education 95,500.00
State Board of Education—Teacher Education 695,000.00
Department of Archives & History 730,512.00
Tryon Palace—Department of Archives k History 81,404.00
State Library:
State Library 1 79,478.00
State Aid to Public Libraries 472,753.00
North Carolina Museum of Art 238,802.00
Report of State Treasurer 59
FUNDS—(Continued)
Trail fers
Receipts To From Disbursements
539,904.30 3,020,603.63 4,804,379.81
503,343.27 - 127,871.90 1,462,213.00
417,667.35
__._. ..__ 24,302.87 137,950.14
1,265,322.61 2,260,760.84 9,535,125.20
88.57 29,336.00 142,786.92
1,233.88 68,243.34
3,038.45 107,287.00 -.- 201,910.05
4,182.90 123,437.54
38,823.21 335,117.13
3,695.47 43,677.93
7,625,189.97 17,339,826.47
1,588,975.12 5,436,919.41
7,754,195.45 ..- 16,184,582.77
2,341,867.05 5,271,477.60
4.421.321.59 ..- 8,493,383.00
3,377,933.85 -. 5,266,797.92
2,864,375.95 4,375,791.71
3,074,802.34 __ 5,086,082.65
442,737.14 _. _.. 904,231.72
747,509.13 1,516,767.59
686,795.09 1,288,059.73
985,848.25 1,629,113.03
2.510.901.60 4,499,432.27
265,409.66 _... 586,758.85
459,383.30 1,419,762.31
491,126.58 _.-- 951,562.15
30,262.09 14,000.00 1,109,601.82
60,604.35 1,101,421.07
3,644.34 132,512.52
86.282.75 1,203,260.82
95,500.00
695,000.00
56,100.42 -- 755,200.99
50,961.95 132,970.60
21.662.76 ..._. 190,917.69
1,548.00 ._ 470,152.69
6,175.96 231,515.28
60 Report of State Treasurer
abstract of general
Appropriations
North Carolina Symphony Society, Inc. 75,000.00
North Carohna School of Arts 344,315.00
Roanoke Island Historical Association 10,000.00
Old Salem, Inc. 50,000.00
Highlands Biological Station, Inc. 10,750.00
Moore's Creek Battleground Association 500.00
Southern Appalachian Historical A.ssociafion 6,671.00
North Carolina Riiododendron Festival, Inc. 2,500.00
North Carolina Confederate Centennial Commission .... 74,777.00
Department of Administration—Community Colleges 79,926.00
Resen e for Conversion of Community Colleges to
Four Year Status 12,636.00
Depart jient of Administration—Program for Touth
Training 25,248.00
Department of Administration—Reserve for Higher
Education to Replace Contributions by Auxiliary
Services to Academic Expense 61,352.00
Total Education $324,57 5,244.87
Non-Highway Transportation:
State Ports Authority $ 198,327.00
Total Non-Highway Transportation $ 198,327.00
Health & Hospitals
State Board of Health | 4,235,763.00
Medical Care Commission—Administration 123,215.00
University of North Carolina at Chapel Hill:
Memorial Hospital—Psychiatric Center 775,783.00
Memorial Hospital 2,484,058.00
Department of Mental Health:
Department of Mental Health 1,720,031.00
Alcoholic Rehabilitation Program 117,329.00
Dorothea Dix Hospital (Raleigh) 4,932,583.00
Broughton Hospital (Morganton) 4,930,371.00
Western Carolina Center (Morganton) 1,404,834.00
Cherry Hospital (Goldsboro) 4,789,531.00
O'Berry Center (Goldsboro) 2,007,277.00
John Umstead Hospital (Butner) 3,876,454.00
Murdoch Center (Butner) 3,175,900.00
Caswell Center (Kinston) 3,318,314.00
Wright School (Durham) 37,720.00
Advisory Council on Mental Retardation 32,000.00
Report of State Treasurer
FUNDS—(Continued)
61
Receipts
Transfers
To From Disbursements
14,175.00
3,164.60
75,000.00
126,204.43
10,000.00
50,000.00
10,750.00
500.00
6,671.00
2,500.00
71,442.64
79,926.00
76,508.47 68,973.31
$ 46,663,253.40 1 9,129,682.55 1 2,229,069.77 $365,800,278.65
$ _..._.. $ $- $ 194,651.05
$ $ .. $- 1 194,651.05
448,554.75
25,171.61
443,472.39
4,207,573.94
$ 4,103,838.25
410
27
1,073
1,288
191
969
135
1.414
406
490
153
15
,414.49
,909.06
,829.49
,426.59
,482.50
,893.05
,439.05
,151.14
,206.32
831.98
590.51
576.50
98,264.68
8,735,498.54
136,392.32
1,073,892.99
6,898,983.29
1,906,
151,
5,806,
5,817,
1,470,
5,435^
1,964,
4,857,
3,397,
3,554,
144,
29,
227.69
605.63
428.15
217.01
703.33
637.28
368.10
066.39
960.99
811.77
286.09
595.67
62 Report of State Treasurer
ABSTRACT OF GENERAL
Appropriations
North Carolina Orthopedic Hospital 584,712.00
North Carolina Cerebral Palsy Hospital -__ 235,019.00
North Carolina Sanatorium System:
General Administration 44,267.00
North Carolina Sanatorium 1,333,614.00
Western North Carolina Sanatorium ____- — 1,244,249.00
Eastern North Carolina Sanatorium 1,571,413.00
Gravely Sanatorium - 555,720.00
North Carolina Cancer Institute, Inc. 26,000.00
Asheville Orthopedic Hospital, Inc. _ 75,000.00
Total Health & Hospitals $ 43,631,157.00
Natural Resources 8c Recreation:
Department of Conservation &: Development:
Department of Conservation &: Development _ — $ 3,790,456.00
Division of Commercial Fisheries 252,973.00
Division of Commercial Fisheries—Shellfish Division — 159,656.00
Kerr Reservoir Development Commission—Nutbush
Conservation Area — 36,634.00
Department of Water Resources 653,908.00
Commercial Fisheries Advisory Board 2,000.00
Commercial Fisheries Study Commission 1,500.00
N. C. Seashore Commission 26,367.00
Atlantic States Marine Fisheries Commission 1,500.00
N. C. National Park, Parkway 2c Forest Development
Commission 9, 1 72.00
Industrial Extension Service of N. C. State University 112,829.00
Rural Electrification Authority 70,594.00
N. C. Recreation Commission 106,606.00
Confederate Museum 200.00
Confederate Cemetery 350.00
N. C. Battleship Commission ....._ 300,000.00
Garden Clubs of N. C.-Inc, The Elizabethan Garden ..__ 5,500.00
Daniel Boone Association — 15,000.00
Brevard Music Foundation, Inc. _ 7,500.00
Total Natural Resources & Recreation $ 5,552,745.00
Agriculture:
Department of Agriculture:
Contribution from General Fund $ 2,589,169.00
State Meat fc Poultry Inspection .__ 504,298.00
Cooperative Agiicultural Extension Service 3,096,241.00
Report of State Treasurer 63
FUNDS—(Continued)
Transfers
Receipts To From Disbursements
47,047.56 TTTZZZZZ 580,774.15
10,252.63 237,834.43
_... 44,277.48
322,619.11 1,661,265.99
224,816.82 1,429,187.86
206,520.54 1,670,736.51
38,628.25 599,396.14
...... 26,000.00
_. 75,000.00
I 12,552,408.28 $ 4,202,102.93 | $ 57,705.147.80
I 2,355,406.41 | $ $ 5,741,228.99
132,116.88 354,491.26
2,091.12 138,263.11
8,300.57 12,000.00 53,149.26
47,432.65 125,520.00 729,856.44
889.00
5.40 752.80
475.00 25,056.82
1,500.00
8,204.73
935.00 106,125.52
89.72 65,188.47
106,285.66
200.00
350.00
300,000.00
7,500.00
$ 2,546,852.75 $ 137,520.00 | $ 7,639,042.06
$ .- $ I 2,177,500.00
20,026.74 493,737.07
671,078.98 2,062,214.58 _..-....._ 5.805,693.31
64 Report of State Treasurer
abstract of general
Appropriations
North Carolina State University 3,445,026.00
State Soil &: Water Conservation Committee 144,745.00
Total Agriculture $ 9,779,479.00
Retirements and Pensions:
Teachers and State Employees Retirement System:
Administration _ .-__ $ 3 13,367.00
State Contributions 29,708,650.00
Teachers &: State Employees Who Had Attained Age
65 at August 1, 1959 __.... ..._ -_... 202,200.00
Law Enforcement Officers' Benefit & Retirement System-
Contributions from General Fund .._ 44,167.00
N. C. Firemen's Pension Fund—Administration 259,780.00
Pensions—Confederate Widows 94,242.00
Pensions—Widows of Governors 12,000.00
Total Retirement and Pensions $ 30,634,406.00
Debt Service:
Interest on Bonds | 3,320,653.00
Redemption of Bonds 8,340,000.00
Landscript Fund 7,500.00
Total Debt Service | 11,668,153.00
Capital Improvements:
Capital Improvement Funds—Direct Appropriations
(Clearing Account) _.. $ 3,000,000.00
Total Capital Improvements | 3,000,000.00
Total General Fund _-_ 1481,261,320.91
Report of State Treasurer 65
FUNDS—(Continued)
Transfers
Receipts To From Disbursements
130,293.47 3,417,714.33 .-. 6,640,396.91
3,031.34 138,661.40
f 824,430.53 $ 5,479,928.91 $ $ 15,255,988.69
5,627.32 $ 67,337.00 $ $ 375,970.49
29,708,650.00
183,022.92
1,430.07 31,352.51
57.98 258,604.47
59,217.00
11,500.00
5,685.30 $ 68.767.07 $ 29,740,002.51 $ 888,314.?
.33 $...... $ 3,314,332.50 $ 6,320.83
7,840,000.00 500,000.00
7,500.00
.33 $ $ 11,154,332.50 $ 513,820.83
$ $ - $ 3,000,000.00 $
$ $ $ 3,000,000.00 $
$ 71,327,455.50 $ 86,859,467.64 $ 46,374,469.95 $572,843,004.40
66 Report of State Treasurer
ABSTRACT OF^fECL
FOR THE FISCAL YEARlpEI
Cash Balance
July 1, 1964
General Government:
Department of Administration:
State Surplus Commodities &: Public
Printing & Co-operative Supplies 55,555.80jjj
Federal Property Agency 283,481.88
Central Motor Pool-Operations -. 128,722.04
Central Motor Pool—Equipment Fund _ 132,156.21
Economic Opportunity Program
Local Government Commission—Law
Publications Revolving Fund 3,981.54;
Tort Claims Liabilities, General Fund 3.32
Total General Government f 603,900.79 \
Public Safety & Regulation:
Highway Fund Accounts:
Department of Motor Vehicles:
Drivers License Examination Special Fund - $ 836,560. lllj
Safety Responsibility Depository Account 18,029.45
Dealers—Manufacturers License Fund 145,286.08
Bus Regulation Depository Account 45,081.30
Lien Recording Fund 58,342.08
Gasoline & Oil Inspection Fund _.. 401,703.97
Commissioner of Banks 546,243.08
Burial Association Commission _— 31,673.82
State Board of Barber Examiners 47,744.11:
State Board of Cosmetic Art _.... 201,727.2^
State Board of Opticians 12,159.1^
Professional Engineers & Land Surveyors 8.00;
Insurance Department: j
State Property Fire Insurance Fund 77,952.3 1|
Workmen's Compensation Security Fund: i
Mutual Account _____ 9,787.24
Stock Account 41,331.03
Publications Fund 1 5,663.48
Firemen's Relief Fund 143,636.02
N. C. Firemen's Pension Fund 455.00
State Civil Defense Agency:
Hurricane Disaster Relief—Federal 197.96
Contribution to Local Units—Federal 44,409.4'
Emergency Planning—Federal
Report of State Treasurer 67
•ECIAL FUNDS
»^DED JUNE 30, 1965 Exhibit III
Transfers
Cash Cash Balance
Receipts To From Disbursements June 30, 1965
297,359.30 | $ 449.66 $ 247,943.56 $ 104,521.88
377,462.96 328,980.75 331,964.09
893,163.99 850,871.24 171,014.79
487,953.65 503,970.01 116,139.85
39,189.93 12,500.00 50,688.84 1,001.09
3,000.00 1,895.85 5,085.69
3.32
f 2,095,129.83 $ 15,500.00 $ 449.66 $ 1,984,350.25 $ 729,730.71
1,940,203.82 $ $ 2,235,538.05 $ 2,810.70 $ 538,415.18
16,151.00 16,986.25 17,194.20
102,100.00 96,285.81 411.00 150,689.27
2,018.70 3,350.00 43,750.00
108,144.00 50.00 114,826.47 106.00 51,603.61
5,914,288.69 3,618,018.56 2,292,460.55 405,513.55
324,628.57 280,380.92 590,490.73
56,604.65 50.00 51,527.46 36,701.01
66,087.00 59,379.03 54,452.08
109,913.82 105,372.13 206,268.91
2,713.50 1,978.84 12,893.84
8.00
2,947,765.21 2,947,837.53 77,879.99
30,178.73 9,935.00 30,030.97
22,265.38 46,987.11 16,609.30
8,028.00 7,947.00 15,744.48
167,376.70 248,869.28 62,143.44
455.00
218,802.00 32,318.79 186,681.17
392,543.61 110,878.07 281,011.39 45,063.55
17,608.98 12,420.80 5,188.18
68 Report of State Treasurer
special funds -p
Cash Balance
July 1, 1964
Industrial Commission—Second Injury Fund _ 48,890.09
Land Titles, Assurance of — 3,163.08
Total Public Safety & Regulation $ 2,730,044.01 il
Correction: i\
Prison Department: |
Mental Health Project-Federal $ 6,023.70:1
Central Services Revolving Fund 567,272.82
Enterprises Revolving Fund 2,262,244.55i
Total Correction $ 2,835,541 .07/
Public Welfare:
j
Department of Public Welfare:
'
Old Age Assistance-Federal $ 184,532.221
Aid to Dependent Children-Federal 40,203.56;
Aid to Permanently k Totally Disabled—Federal 493.87
Medical Assistance to Aged
Hospitalization &: Medical Assistance for
Assistance Recipients 1 ,205,577.52
Child Welfare Services-Federal 135,494.04
OASI Disability Determination-Federal 38,271.39
Homemaker Services to the Aged 29,137.57
Community Services Demonstration Project—Federal
State Commission for the Blind:
Blind Aid-Federal 345,077.27
Blind Aid-Administration-Federal 9,269.73
Blind Aid-County 8,301.01
Vocational Rehabilitation—Federal 93, 1 59.971
Confederate Women's Home—Trust Fund 774.78
Total Public Welfare $ 2,090,292.93
Education:
Dept. of Public Instruction—Sir Walter Raleigh |
Division of School Planning 333.62
State Literary Fund 766,686.76
Department of Education—Special Fund 149,626.42
State Textbook Fund 1,510,098.74
Commercial Education & Trade Schools Fund 1,861.02
Community School Lunchroom Program 1,474,808.07
Adult Education Civil Defense 51,071.07
Public School Insurance Fund 495,960.72
—
(Continued)
Report of State Treasurer 69
Cash
Receipts
Transfers
To From Disbursements
Cash Balance
June 30, 1965
1 16,300.00
1 .90
10,553.82 54,636.27
3,163.98
1$ 12,463,723.26 $ 50.00 $ 6,175,596.96 $ 6,412,643.60 $ 2,605,576.71
19,836.00 $
3,804,174.91
7,897,900.21
$ 11,721,911.12 $
25, 1 37,775.26 $
27,364,257.56
14,604,2 1 7.29
1,423,396.96
2,064,925.04 5,551,153.39
1,223,107.30
836,676.33
38,695.00 25,853.00
445,022.56
2.971,490.56
22,843.62
694,622.55
695,475.65
$ 77,499,662.06 $ 5,599,850.01
$ 10,154.58 $
1,001,738.95
726,898.00 530,900.00
4,280,787.23
1,444.26 _._
7,591,218.62
70,155.11
1,362,935.64
$ 24,468.96 $ 1,390.74
3,862,770.28 508,677.45
7,707,024.04 2,453,120.72
$ 11,594,263.28 $ 2,963,188.91
25,312,495.13
27,386,540.84
14,596,807.52
1,422,530.99
21,404.91
3,285,211.49
28,431.52
670,520.34
696,636.98
9,086.91
16,463.03
7,307,89
769.62
7,443,456.02
1,203,134.15
791,605.63
70,267.75
188,909.66
725.44
1,457.25
595.75
96.35
1,378,199.93
155,467.19
61,937.18
23,417.82
256,112.90
31,356.34
3,681.83
32,403.22
91,998.64
774.78
$ 73,420,579.72 $ 9,731,000.66 $ 2,038,224.62
918,322.00
1,058,920.00
259,910.15
3,277,062.21
1,698.23
8,571,277.75
64,709.05
1,352,132.95
10,154.58
333.62
709,505.71
229,192.27
2,513,823.76
1,607.05
494,748.94
56,517.13
506,763.41
>
1
70 Report of State Treasurer
SPECIAL FUNDS
Cash Balance
July 1, 1964
Vocational Education—Federal _—_ 1,540,229.10!'
Vocational Textile School—Federal __ 2,275. 13|
Better Roads & Schools Trust Fund 1,350.00!
Student Loan Fund—Teacher Education 428,452.36
Student Loan Fund—Rodman Trust Fund _-.- - 36,335.39
Student Loan Fund—Vocational Sc Technical Education 357.00
Resource-Use Education Commission 2,035.44!
Health Education—Rockefeller Foundation 289.02 -
National Defense Education Program .— - - l,710,309.42j
Driver Training & Safety Education 2,937,531.33
School Improvement Project—North Carolina Fund 136,055.53
Advancement School __
N. C. Science fc Technology Research Center .— .
Medical Care Commission—Medical Education Loan Fund 572,547.81
State Commission on Higher Education Facilities
East Carolina College—Auxiliary Institutional Service
Western Carolina College—Auxiliary Institutional Services .
Fayetteville State College—Auxiliary Institutional Services
N. C. College at Durham—Auxiliary Institutional Services
University of North Carolina—Chapel Hill:
Gen. Admin.-Overhead Receipts 96,703.84
University Enterprises 463,945.04
UNC-Overhead Receipts .___. 3,073.66
UNC—Auxiliary Institutional Services 274,613.41
Escheat Refund Account 35.65
North Carolina State University at Raleigh:
Auxiliary Institutional Services 364,328.60
Overhead Receipts 269,063.73
Operation of Coliseum — 18,435.48
University of North Carolina at Greensboro:
Auxiliary Institutional Services -— 273,468.32
Overhead Receipts 15,467.63
East Carolina College-OfT Campus Branches 60,054.99
A & T College-Overhead Receipts 31,027.37
Appalachian State Teachers College-Overhead Receipts 28,539.75
N. C. College at Durham-Overhead Receipts 6,163.32
East Carolina College—Overhead Receipts
Western Carolina College—Overhead Receipts ..-
N. C. Museum of Art-Special Gifts 20,047.44
State Library-Federal Aid 26,751.05
Stat^ Library—Library Community Project 15.38
State Library—Clearing Accounts 65,310.00
Report of State Treasurer 71
-(Continued)
Transfers
Cash
Receipts To From Disbursements
Cash Balance
June 30, 1965
1 1,379,837.45
323.53
5,100.00
786,156.98
1,560.00
33,262.30
600.00
2,916,703.05 24,302.87
2,039,583.00
219,957.15 353,000.00
243,534.22 918,322.00
764.481.04
209,516.81
50,084.16
1 ,603,945.47 _
1,131,236.29
433,985.37
984.099.05
44,774.16
5,681,993.23
905,000.00
5,588,466.38
766,795.84
406,800.00
146,684.02
2,284,381.93
26,758.96
129,201.00
16,285.16
15,072.16
4,616.00
2,438.37
1,470.56
333,120.39
969,838.83
10,690.00
8,515,046.65
4,182.90
1,777,626.77 2,627,393.13
2,388.81 209.85
6,450.00
789,610.89 424,998.45
390.00 37,505.39
32,727.00 892.30
1,914.86 720.58
289.02
3,181,671.11 1,469,644.23
2,352,960.33 2,624,154.00
361,972.06 347,040.62
799,740.08 362,116.14
6,856.18 757,624.86
149,825.00 632,239.62
32,855.25 13,046.01
1,550,334.11 53,611.36
981,265.96 149,970.33
409,639.02 24,346.35
887,565.93 96,533.12
18,932.65 122,545.35
5,377,283.16 768,655.11
892,128.00 15,945.66
5,396,643.48 466,436.31
35.65
1,118,392.97 12,731.47
323,272.25 352,591.48
129,500.79 35,618.71
2,100,586.34 457,263.91
5,171.00 37,055.59
152,252.18 37,003.81
14,309.23 33,003.30
28,585.00 15,026.91
5,574.27 5,205.05
2,438.37
220.58 1,249.98
315,333.07 . 37,834.76
956,798.00 39,791.88
15.38
31,592.00 44,408.00
"72 Report of State Treasurer
special funds-ic""
State Library—Federal Construction Account
Cash Balance (
July 1, 1964 E«
Total Education „... $ 13,835,258.61 i|55,i
Health and Hospitals ij
State Board of Health: H
Federal Funds $ 9O7,O17.80lj 3,!
Bedding Fund 24,029.86
Medical Care Commission:
Hospital Construction—Federal - 37,960.72
Hospital Survey-Federal 2,702.48
Department of Mental Health:
Mental Health Fund 13,874.64
Alcoholic Rehabilitation Program—Research in Alcoholism 257.18
Tri-County Psychiatric Case Register 28,404.39
Clark Memorial Laboratory Fund 4,835.03|
Community Mental Health Fund 16.68|j
Dorothea Dix Hospital—Federal —
|
Cherry Hospital—Federal __ -
Total Health and Hospitals „ | 1,019,098.7811
Highway Funds:
Highway Fund | 65,596,254.64!)!
Gasoline Tax, Debt Service-Secondary Road Fund ._ 28,591,987.75
Total Highway Funds $ 94,188,242.39si!
Natural Resources & Recreation: ill
Department of Conservation 8c Development: f
Kerr Reservoir Development Commission $ 3,145.51 i
Community Planning 235,456.03
._
N. C. Co-ordinating Film Unit ___ 4,730.05
Department of C & D-State Planning Study _. 18,917.001
Department of C & D—Operation of Executive Aircraft
Wildlife Resources Commission 573,963.83
Wildlife Resources Commission—Motorboat Section 54,477.07
Department of Water Resources—Federal
Research in Economics of Fisheries Industry—U.N.C. 4,483.81
Tennessee Valley Authority 25,848.23
Forest Reserve Fund
Federal 75% Receipts from Flood Control Lands
George Washington Statue Commission __...
Total Natural Resource? and Recreation _._._ | 921,021.53
Report of State Treasurer 73
. (Continued)
Cash
Transfers
Cash Balance
Receipts To From Disbursements June 30, 1965
56,553.00 56,553.00
] 55,240,238.25 $ 1,826,524.87 f 9,437,551.55 f 44,778,078.67 1 16,686,391.51
3,726,361.58 $
39,006.50
8,164,097.84
194,841.12
50,904.03
4.20
277,230.03
82,057.00
25,000.00
4,068,946.26 $
34,891.99
98,264.68
6,000.00
7,909,832.56
208,715.76
257.18
79,308.42
4,839.23
178,982.03
55,000.00
700.00
564,433.12
22,144.37
292,226.00
2,702.48
27,057.00
24,300.00
12,559,502.30 $ _. $ 4,202,102.93 $ 8,443,635.18 $ 932,862.97
1218,508,439.19
' 18,484,490.62
$ 6,244,742.26 $ $210,052,966.75
1 2,386,750.00
80,296,469.34
34,689,728.37
!236,992,929.81 | 6,244,742.26 $ 12,386,750.00 $210,052,966.75 $114,986,197.71
19,137.14
469,133.94
235,899.52
2,140.00
10,408.80
3,446,620.80
157,079.64
125,520.00
120,260.31
195,435.70
1,435.05
135.67
12,000.00 $
125,520.00
8,065.00
537,088.48
224,241.00
21,057.00
6,970.41
3,215,279.09
113,934.33
120,347.13
195,435.70
1,435.05
2,217.65
167,501.49
16,388.57
3,438.39
805,305.54
97,622.38
4,483.81
25,761.41
135.67
4,783,206.57 $ $ 137,520.00 $ 4,443,853.19 $ 1,122,854.91
74 Report of State Treasurer
SPECIAL FUNDS (C«"'
Cash Balance ^
July 1, 1964
1r
Agriculture:
Agriculture Fund Accounts:
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
N. C. State Fair
Distribution of Surplus Commodities -
Sheep Distribution Project
Research Sc Marketing—Federal Funds
Special Depository Account
Voluntary Meat Inspection
Operation of Farmers Market
Research Stations—Woodland Management
N. C. State University:
Agricultural Experiment Sta lion—Federal
Agricultural Experiment Station—Gifts .
Cooperative Agricultural Extension Service—N. C. State
University Smith-Lever—Federal Funds
State Soil and Water Conservation Committee—Revolving Fund
Total Other Agriculture Accounts ,
Employment Security Commission:
Employment Security Commission:
Administration Account
Special Unemployment Compensation—Administration
Claims and Benefits Account
Clearing Account
Unemployment Compensation—Federal Employees Benefit Account
Area Development Act
Unemployment Compensation—Temporarily
Extended Benefit Account
Manpower Development and Training Act
Total Employment Security Commission
115,727.7-! 3,5
131,874.2^
21,447.2«
33,076.9J
440,8 15.8S
14,158.1t
12,615.61
2,161.7(—
46,001.6^
196,368.61,
119,983.25
60,536.81
10,549.41
4,533
14,984
7,037.1^
24,129.71-
5.7!
l.d -
41,967.81
410,812.51
28,003.5;
35,500.01
$ l,772,286.3i
L_
^
993,019.4
321,956.73
149,691.2|
38,602.4
152,764.0«
78,237.01
5,105.01
21,543.0]
I 1,760,918.81
Report of State Treasurer 75
- Continued)
Cash
Receipts
Transfers
To From Disbursements
Cash Balance
June 30, 1965
3,515,015.54 $
114,874,85
73,034.30
109,187.54
632,533.94
32,285.51
20,742.00
82,355.87
485,187.34
336,746.99
42,229.28
58,400.00
232.44
74,792.59
1,733,060.00
528,912.58
3,463,722.13
11,303,312.90 $
$ 3,516,367.47 | 114,375.81
121,271.94 125,477.18
65,047.44 29,434.14
111,328.26 30,936.23
644,184.71 429,165.12
34,275.39 12,168.22
23,609.38 9,748.23
2,161.70
67,259.77 61,097.74
555,519.62 126,036.39
328,884.52 127,845.72
24,736.13 78,029.96
46,681.01 22,268.40
1,000.00 3,766.17
14,984.60
69,338.82 12,490.87
246.35 23,883.35
1,691,676.16 83,351.64
370,538.42 569,186.72
3,412,714.33 79,011.32
5,000.00 13,500.00 17,000.00
5,479,928.91 $ 5,623,250.81 $ 1,972,419.51
6,664,333.36
73,593.95
29,690,303.08
44,790,922.73
1,579,722.00
118,704.00
2,531.00
1,003,210.30
83,923,320.42
7,574,108.81 $ 83,243.96
262.78 395,287.89
29,453,929.55 386,064.81
44,783,294.19 46,230.95
1,701,118.00 31,368.00
134,158.00 62,783.00
7,484.00 152.00
781,503.71 243,249.64
84,435,859-04 $ 1,248,380.25
76 Report of State Treasurer
SPECIAL FUNI.iCf
Cash Balanc
July 1, 1964:
Retirement and Pensions:
Teachers & State Employment Retirement System:
Teachers & State Employees Retirement
System-Retirement Fund $ 193,586.111)!
Local Governmental Employees Retirement System 329,262.!
Social Security Program 3,045, 104.^
Law Enforcement Officers Benefit Sc Retirement Fund 114,957.
Spanish American War Veterans 2,211.'
N. C. Firemen's Pension Fund ...._ 139,931.
Total Retirement & Pensions $ 3,825,053.1
Debt Service:
Bond Redemption:
Highway Fund Bond Redemption | 4,118,000.1
General Fund Bond Redemption 635,100.^
TVA—Swain County Bond Redemption 119
Bond Interest:
Highway & General Fund Bond Interest 986,853.*
Highway Fund—Interest—Old Accounts 84,358.
General Fund—Interest—Old Accounts 41,482.
Jones County—Bond Interest 18.
Total Debt Service $ 5,865,931.
Total Special Funds - _-.-_ ^ $131,447,590.
Report of State Treasurer 77
-(Continued)
Cash
Receipts
Transfers
To
Cash Balance
From Disbursements June 30, 1965
103,568,113.15 $ 29,708,650.00 $ 6,446,496.35 $127,078,063.99 ($ 54,210.91) (0)
17,365,407.60 67,337.00 16,911,574.89 715,758.15
34,688,431.91 6,446,496.35 40,806,281.31 3,373,751.11
_ 5,873,896.52 31,352.51 1,430.07 5,936,149.58 82,627.30
2,000.00 211.01
1,450,515.00 1,540,717.36 49,728.96
162,946,364.18 $ 36,186,498.86 $ 6,515,263.42 $192,274,787.13 $ 4,167,865.62
11,250,000.00 $ $ 11,290,000.00
7,890,000.00 7,913,000.00
4,078,000.00
612,100.00
119.00
4,929,322.50 5,041,532.33 874,643.17
84,358.80
41,482.01
18.76
— $ 24,069,322.50 $ _... $ 24,244,532.33 $ 5,690,721.78
t?67 1,529,300.70 $ 73,942,488.50 $117,755,743.15 $604,019,220.89 $155,144,415.21
T8 Report of State Treasurer
CAPITAllPRO^
Cash Balana ^i
July 1, 1964 K«
State Board of Education:
School Plant Construction 8c Repair
Laws 1 949 - -- $ 3,000.q|U
School Plant Construction &: Improvement
{
Laws 1953 -- 230,234.4U
Industrial Education Centers Equipment
Laws 1959-Bond (Voted) - 9,295.0 U-N.
C. Vocational Textile School
j
Laws 1959-Bond (Voted) 21.8 —
Department of Community Colleges 1—
Vocational Education Act of 1963—Construction 1}
6
University of North Carolina \.
Laws 1957 6,989.li —
Laws 1957-Bond 1 1,481.3 -..-
Laws 1959 14,306.8 —
Laws 1959-Division of Health Affairs 36,919.4 —
Laws 1959-Bond (Voted) 206,238.8--
Laws 1959-Bond (Voted) -Division of Health Affairs 7,051.6;--
Laws 1961—Enterprises (Own Receipts) 201,757.31; I
Laws 1961-Bond-Division of Health Affairs 1,713,685.3'i I
Laws 1961-Bond-Academic Affairs 57I,437.7|
Laws 1963-UNC-Consolidated 1,218,742.1! —
Laws 1963-UNC-Chapel Hill 3,263,95 l.d
Laws 1963-Bond-Health Affairs 2,556,742.d
Laws 1963-Bond-Academic Affairs 3,694,933.9*
1
North Carolina State University at Raleigh
Laws 1957 86,865.5 -
Laws 1957—Agricultural Experiment Station 559.9
Laws 1957-Bond 23,042.91 ~-
Laws 1 959 29,880.5| ^
Laws 1959-Bond (Voted) 151,608.6;-..
Laws 1959—Bond (Voted) Agricultural Experiment Station 27,905.5;
Laws 1961-Bond 53,821 .1:
Laws 1 963 . 3,76 1 , 249.31
Laws 1963—Agricultural Experiment Station 434,820.31
Laws 1 963-Bond 3,392,306.91
University of North Carolina at Greensboro
Laws ,X959 3 1 ,538.1^
Laws 1959-Bond (Voted) 135.3:1-
Laws 1961-Bond 30,24 1 .8!
Laws 1963-Bond 2,275,706.2!
Laws 1 963-Bond 1 ,460,799.01
Report of State Treasurer
IjPROVEMENT FUNDS
79
Exhibit IV
Transfers
Cash Balance
Receipts To From Disbursements
$ $.. $ .. $ 3,000.00
644,302.00
609,088.00
622,000.00
61,069.70
224,140.00
606,511.00
2,422.04
69.07
200,011.86
43,001.20
16,120.00
89,615.00
12,506.63
2,610.11
79,649.82
2,500,000.00
696,393.90
85,611.67 144,622.75
9,294.69 .35
21.89
2,500,000.00
1,340,695.90
6,989.10
145.59 11,335.71
7,659.37 6,647.53
9,978.52 26,940.94
154,130.60 52,108.25
783.12 6,268.56
787,603.99 23,241.33
2,049,040.83 286,644.55
209,296.47 423,210.96
14,403.75 1,204,338.35
515,534.94 2,972,557.05
633,222.07 2,530,030.93
2,283,800.92 1,413,555.05
58,588.60 28,276.93
629.06 -0-
9,304.51 13,738.41
3,171.17 26,709.34
119,753.35 31,855.32
24,204.11 3,701.40
133,004.49 120,828.49
838,021.75 2,966,228.84
137,288.59 313,651.74
305,137.53 3,176,784.37
40,415.18 3,629.60
135.33 -0-
28,772.58 4,079.42
1,132,161.93 1,223,194.12
40,730.74 1,420,068.26
80 Report of State Treasurer
capital improvemenh'ii
Cash Balance C
July 1, 1964 Re
Elizabeth City State College
Laws 1 957 4,302.75,—
Laws 1 959 -- 50, 1 36.85 _
Laws 1959-Bond (Voted) -- 7,109.2( _-
Laws 1961-Bond ....- - 22,359.5' __
Laws 1 963 754,800.01 __
Laws 1963-Bond 388,000.0( __.
Fayetteville State College
Laws 1 96 1 -Bond - 665.5^ __
Laws 1 963 615,541 .7Ci
Laws 1963-Bond -- 778,068.8g|u_
Western Carolina College
j
Laws 1957 -- 3,170.11 _
Laws 1 957-Bond 535.68j__
Laws 1 959 -... 54,950 .22L_
Laws 1959-Bond (Voted) 22,420.34L
Laws 1961-Bond 57,735.33 _
Laws 1963 2,163,487.90
Laws 1963-Bond 799,550.00 -
East Carolina College ,
Laws 1 957 40,682 .48f-
Laws 1959-Bond (Voted) 81,404.131-
Laws 1961 3,345.551-
Laws 1963 3,078,360.401
Laws 1 963-Bond ...._ ._ 1 ,239,923.79 -
Winston-Salem State College
Laws 1 957 .-... 42,933. 1
5
Laws 1959 127,277.40
Laws 1959-Bond (Voted) 17,563.19
Laws 1961-Bond 44,987.64
Laws 1 963 496,709. 1
Laws 1 963-Bond 666,236.90
Appalachian State Teachers College
Laws 1 957 564,509.99
Laws 1957-Bond 82,435.96i
Laws 1959 14,787.37'
Laws 1959-Bond (Voted) 118,172.86
Laws 1 96 1-Bond 1 7,000.00
Laws 1 963 3, 1 1 1 , 1 74.97
Laws 1963-Bond 1,625,941.14
Pembroke State College
Laws 1957 $ 213.65
UNDS—(Continued)
Report of State Treasurer 81
Transfers
Casli Cash Balance
Receipts To From Disbursements
4,302.73
50,136.83
_.. 7,109.26
22,359.59
31,194.70 723,605.30
6,141.88 381,858.12
665.52
68,444.00 . 168,023.04 515,962.66
25,095.71 752,973.17
96.69 3,073.42
409.64 126.04
54,950.22
18,989.64 3,430.70
26,425.61 31,309.72
105,105.00 402,423.34 1,866,169.56
I
150.00 799,400.00
38,994.61 1,687.87
2,800.00 78,604.13
3,345.55 - -
18,889.30 734,574.79 2,362,674.91
921,954.62 317,969.17
46,710.65 449,998.45
475,845.45 190,391.45
27,736.73 15,196.42
20,000.00 66,280.15 80,997.25
17,563.19
1,725.05 43,262.59
25,638.90 538,871.09
1,406.40 73,754.67 10,087.69
14,787.37
5,827.25 112,345.61
6,091.00 10,909.00
48,929.50 548,050.45 2,612,054.02
75,000.00 750,862.10 950,079.04
$ $ $ $ 213.65
82 Report of State Treasurer
capital improvement!
Cash Balance
July 1, 1964
Laws 1 959 6,805.25
Laws 1959-Bond (Voted) 4,578.98
Laws 1 96 1 -Bond 5,309.25
Laws 1 963 -- 926,337.37
Asheville-Biltmore College
Laws 1 963 1,4 1 2,28 1.08
Charlotte College
Laws 1 963 -. ^ 3, 1 34,783.47
John Umstead Hospital
Laws 1963 757,354.51
Laws 1 963-Bond 2,657,886.04
Caswell School
Laws 1959-Bond (Voted) 275,000.00^
Laws 1 96 1 -Bond -.... 8,293 .26|
Laws 1 963 488,206.24
Murdoch School
Laws 1957 3,612.13i
Laws 1959-Bond (Voted) -.- 91,263.01
Laws 1 963 1 ,239,528.87
Western Carolina Training School
Laws 1959-Bond (Voted) 90,113.53!
Stonewall Jackson Training School
Laws 1 957 20,789.1 1 ^
Laws 1959-Bond (Voted) 927.21
Laws 1961—Bond—Manual Training and Industrial School 114.68
Laws 1 963 1 ,148.68;
Morrison Training School
Laws 1 957 576.61
Laws 1 959 2,070.30
Laws 1 96 1-Bond 42 8 .48
Laws 1 963 285,233.23
O'Berry School
Laws 1957 85, 1 80.00
Laws 1959-Bond (Voted) 55,424.16
Laws 1961-Bond 249.91
Laws 1963 593,347.00
Eastern Carolina Training School i
Laws 1957 670.50
Laws 1 959 2,598.88
Laws 1959-Bond (Voted) 5,454.15
Laws 1 96 1-Bond 1,452.511
Laws 1 963 4 1 3,939.04
Report of State Treasurer 83
j^UNDS—(Continued)
Transfers
Cash
Receipts To From Disbursements
Cash Balance
6,000.00
18,000.00
24,075.00
15,698.23
8,232.00
62,820.00
806.95
3,246.82
117.10
8,651.05
3,610.56
622,014.43
804,375.58
1,014,075.37
559,507.02
2,007,650.78
7,009.26
19,072.99
821.94
500.00
177,229.22
77,754.91
1,571.57
1,148.68
4,154.20
4,578.98
1,698.69
322,322.94
631,980.50
2,136,406.33
206,079.49
713,055.26
275,000.00
1,284.00
469,940.20
2,790.19
90,763.01
1,065,546.47
12,475.72
19,217.54
927.21
114.68
-0-
47,531.10
74,874.56
1,332.09
38,682.99
84,240.22
44,069.21
576.61
738.21
428.48
294,081.34
939.78
55,424.16
249.91
624,152.35
11,700.00
456.25
672.00
59.55
35,464.33
670.50
2,142.63
4,782.15
1,392.96
390.174.71
84 Report of State Treasurer
capital improvement
Cash Balance
July 1, 1964
State Training School for Girls
Laws 1 957 -- 1 ,034.27
Laws 1 959 - 1 ,877.25
Laws 1961 -Bond-Dobbs Farm 1 1 ,867 .07
Laws 1 963 -- 1 83,96 1 .84
State Home and Industrial School for Girls
Laws 1 957 - 264.65
Laws 1 959 -- 2,027.67
Laws 1959-Bond (Voted) 3,078.59
Laws 1 963 1 34,695.00
Leonard Training School
Laws 1959-Bond (Voted) 1,074.45
N. C. Orthopedic Hospital
Laws 1961 -Bond -. 1 ,690.00l
Laws 1 963 -- 38,000.00
Confederate Womens Home
Laws 1957 - 1 69.73
Agriculture
Laws 1 957 -- 72.83
Laws 1 959 -. 367.60
Laws 1 96 1 .33
Laws 1 963 24 1 , 1 49.65
State Ports Authority
Laws 1957 124,1 15.44
Laws 1959 - 106,040.15
Laws 1959-Bond (Voted) 461,443.03
Laws 1963 --. 3,982,247.68
N. C. Armory Commission
Laws 1957 3,3 1 0.49
Laws 1 96 1 -Bond 34,988. 1
5
Laws 1963 230,862.74!
Prison Department
Laws 1 957 28,998.63'
Laws 1959 (Own Receipts) 55,636.50
Laws 1 96 1 858,968.32
Laws 1 963 1 ,455,072 .39}
Department of Administration
Laws 1959-Special Bills .50
Laws 1959-State Land Fund (Own Receipts) 28,656.36
Laws 1959-General Service Division 9,723.48
Laws 1963—Purchase of Land in the
Capital Area of the City of Raleigh
Report of State Treasurer 85
FUNDS—(Continued)
Transfers
Cash Cash Balance
Receipts To From Disbursements
1,625.32
5,000.00
815,133.01
9,931.47
6,731.35 14,038.71
250,729.79
4,596.00
719,704.57
410,246.56
343,941.14
860.45
500,000.00
95.00 939.27
95.00 1,782.25
1,323.08 10,543.99
83,532.50 100,429.34
264.65
2,027.67
3,078.59
22,459.38 113,860.94
1,054.74 19.71
1,690.00
16,987.13 21,012.87
169.73
72.83
367.60
.33
99,735.70 141,413.95
124,115.44
6,486.85 99,553.30
426,860.14 39,582.89
3,359,199.12 1,438,181.57
13,241.96 -0-
27,566.64 28,191.57
313,328.18 168,264.35
23,683.55 5,315.08
26,330.76 33,901.74
621,708.15 956,964.74
61,964.43 1,803,354.52
.50
227,560.14 145,037.36
860.45 9,723.48
1,725.00 498,275.00
^
86 Report of State Treasurer 1
CAPITAL IMPROVEMENT (11
Cash Balance
July 1, 1964
Laws, 1961—General Services Division —
-
- 23,136.11
Laws 1963 3,621 .593.54
Laws 1963-General Services Division 95,866.55
Educational Institutions
Laws 1961-Fort Raleigh National Historic Site 58,880.13
Laws 1961-Wright Memorial Park-Air Strip 2,030.11
Wilmington College
Laws 1963 --- I 726,763.03
College of the Albemarle
Laws 1 963 - 239,226.25
Mecklenburg College
Laws 1 963 255,000.00
Gaston College
Laws 1 963 3 1 5,506.49
Agricultural & Technical College
Laws 1 957 4,388.81
Laws 1 959 1 ,942 .62
Laws 1959-Bond (Voted) .-. 68,738.50
Laws 1961 14,721 .62
Laws 1961-Bond .-. 29,693.39
Laws 1963 727,470.47
Laws 1963-Bond 1,568,956.83
N. C. College at Durham
Laws 1 959 8,989.35
Laws 1 96 1 -Bond 42,0 1 8.88
Laws 1 963 1 ,070,843 .95
Laws 1 963-Bond 630,000.00
State School for the Blind & Deaf
Laws 1 957 25, 1 39.76
Laws 1 959 20,386.44 j
Laws 1 96 1 -Bond 4,288.00
Laws 1963 321 ,929.73
Eastern N. C. School for the Deaf
Laws 1 963 .__ 771,218.27
N. C. School for the Deaf
Laws 1 957 4,546.80
Laws 1957-Bond 427.35
Laws 1959 23,5 1 6.06
Laws 1 963 61,151.30
Dorothea Dix Hospital
Laws 1 959 1 6, 1 82.00
Laws 1959-Bond (Voted) 97,951.11
Report of State Treasurer 87
IFUNDS—(Continued)
Transfers
Ca^h
Receipts To From Disbursements
Cash Balance
42,546.06
4,404.00
2,537.43
13,400.00
1,146.81
700.63
13,565.00
8,000.00
1,942.77
831,265.48
41,018.09
42,200.00
370.91
235,021.37
188,666.17
9,088.16
66,204.77
21,193.34
2,832,874.12
54,848.46
16,680.13
1,659.20
491,741.66
50,560.08
255,000.00
315,506.49 -0-
78.72 4,310.09
1,525.74 416.88
64,576.70 8,565.80
7,817.50 6,904.12
5,275.58 24,417.81
197,325.67 530,144.80
22,221.41 1,546,735.42
11,526.78
42,018.88
208,432.19 862,411.76
25,329.89 618,070.11
493.32 24,646.44
21,533.25 -0-
4,988.63 -0-
312,844.65 22,650.08
597,726.30 173,491.97
4,546.80
427.35
14,427.90
2,946.53
892.87
16,182.00
98,843.98
-0
-0
88 Report of State Treasurer
CAPITAL IMPROVEMENTifllNl
Cash Balance
July 1, 1964 I
Laws 1961 -Bond 5 1 ,06 1 .34
j -
Laws 1963 -- 900,2 5 1 .3 1 j ^
Broughton Hospital
j
Laws 1 957 22,06 1
.80 f
^
Laws 1959 5,917.81 L-Laws
1961 -Bond - - 28,077.08
L
Laws 1 963 1 ,356,798.78
Cherry Hospital
|
Laws 1957 3,370.92
]
Laws 1 957-Bond 1 4, 1 47.63
Laws 1 959 460.82
Laws 1959-Bond (Voted) 264,242.25
Laws 1 96 1 -Bond 46,582.30
Laws 1963 -- 925,284.51
John Umstead Hospital
Laws 1 957 -- 49,699.29
Laws 1 957-Bond 21,951.16
Laws 1959-Bond (Voted) 128.44
Laws 1 96 1 -Bond 131,727.82
N. C. Sanatorium
Laws 1957 1 ,744.55
Eastern N. C. Sanatorium
Laws 1963- (Own Receipts) 17,669.14
N. C. Cerebral Palsy Hospital
Laws 1 959 -- 197.61
Department of Conservation & Development
Laws 1957 - 55,164.23
Laws 1 959 . 92, 1 5 1 .32
Laws 1959—Kerr Reservoir Development Commission 512.92
Laws 1961—Kerr Reservoir Development Commission 58,294.01
Laws 1 963 1 ,260,843.06
Laws 1963—Kerr Reservoir Development Commission 100,981.34
Laws 1963—Restoration of Tryon Palace— (Own Receipts) 12,182.80
Wildlife Resources Commission
Laws 1961 (Own Receipts) ...... 130,143.23
Laws 1963 (Own Receipts) 206,623.34
Department of Water Resources
Laws 1 959 % i o 1 ,232.35
Laws 1 963 985,600.32
Medical Care Commission
Laws 1959—Bond (Voted) 44,842.59
Laws 1 963 1 ,963,508.48
UNDS—(Continued)
Report of State Treasurer 89
Transfers
Cash Balance
Receipts To From Disbursements
1 23.87 51,037.47
1
... 97,132.32 803,118.99
22,061.80 -0-
33,761.80
5,629.08
200,431.40
2,573.26
69,547.64
400.00
17,592.76
81.93
46,294.05
70.27
52,000.00
80,045.75
16,000.00
1,275.00 $
23,889.71
780,214.66
14,147.63
460.82
250,253.05
26,421.67
135,304.45
39,199.35
2,223.12
75,008.67
1,744.55
5,917.81
4,187.37
610,345.92
9,000.00
-0-
-0-
13,989.20
20,160.63
990,411.46
13,073.20
19,728.04
128.44
126,266.79
-0-
15,351.58 2,717.56
197.61
26,077.47 29,086.76
15,089.55 94,654.53
429.39 83.53
39,595.50 18,780.44
342,609.30 964,527.81
59,674.31 41,377.30
60,134.55 4,048.25
87,668.47 122,520.51
165,480.22 57,143.12
30,568.83 1 71,938.52
573,200.00 412,400.32
42,576.59 2,266.00
372,047.99 1,591,460.49
90 Report of State Treasurer
CAPITAL IMPROVEMENTi'l
Cash Balance
July 1, 1964
126,209.25 _
17,234.79.,
38,999.74 _
111,264.21
3,294,208.15
81,023.6f
219,278.4(
686,501.4t
Legislative Building Commission
Laws 1 959 -
Juvenile & Evaluation Treatment Center
Laws 1 959
Charles B. Aycock Memorial Commission
Laws 1 957
Department of Archives Sc History
Laws 1961 -Bond
Laws 1 963
Department of Motor Vehicles
Laws 1959— (Own Receipts)
Laws 1 96 1
Laws 1 963 .-
State Commission for the Blind
Laws 1959—Bond (Voted) —Rehabilitation Center
Laws 1 963 -^
Laws 1 963
State Civil Defense Agency
Laws 1 963
N. C. Space & Technology Center
Laws 1 963
N. C. Museum of Art (Old State Art Society)
Laws 1 959
Total Capital Improvements
Sinking Funds:
General Fund Bond Sinking Fund
State Ports Bond Sinking Fund
Total Sinking Funds -._
3,730.11
257,500.0(
263,704.81
609,696.9!
$ 88,591,426.1
34,091.41
5,221.8(
$ 39,313.2i
=
Report of State Treasurer 91
UNDS—(Continued)
Cash
Receipts
Transfers
Disbursements
Cash Balance
To From
1
( 11,892.70
11,111.03
7,857.50
87,588.69
123,052.97
102,066.07
71,529.07
71,042.11
114,316.55
6,123.76
2,421.58
20,225.00
18,250.00
31,142.24
26,097.13
3,191,380.18
6,425.05 2,000.00
1,200.00
1,632.66
146,549.33
93,341.60
615,459.35
3,730.11
40,003.54
7,950.00
133,345.14 -0-
7,950.00
257,500.00
14,000.00 87,087.35 190,617.50
609,696.95
( 7,094,237.91 1 3,824,199.26 $ 3,200.00 $ 32,208,377.36 $ 67,298,285.98
^ 322,005.00 1 $ 528,240.00 f ($ 172,143.52) (0)
5,221.80 (0)
? 322,005.00 $ $ 528,240.00 1- ($ 166,921.72)
92 Report of State Treasurer
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94 Report of State Treasurer
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Exhibit 9
TREASURER'S INVESTMENTS OF FUND BALANCES
June 30, 1965
U. S. Treasury Bills:
Due 8-5-65 - - I 9,830,133.34
Due 8-26-65 -- 10,891,867.78
Due 9-9-65 -- 9,919,791.66
Due 9-23-65 -... -- - 8,897,216.67
Due 10-14-65 12,844,877.50
Due 11-4-65 -- 23,618,327.78
Due 12-2-65 - 17,644,190.00
Due 12-23-65 4.900,000.00 $ 98.546,404.73
U. S. Treasury Notes:
37/8% Due 8-13-65 .-. $ 14.118,862.21
31/2% Due 11-15-65 6,503,311.82
4% Due 8-15-66 .- 4,033,337.00
4% Due 11-15-66 ......_ _-.._ 29,954,093.76 $ 54,609.604.79
U. S. Treasury Bonds:
33/4% Due 8-15-68 - | 21,174,687.50