The amounts of the productive Agricultural College Fund on the 30th day of September, 1878 and 1879, were as follows: Total at interest Cash on hand............. Grand total 1878. 1879. $228,471 02 36,248 22 AGRICULTURAL COLLEGE FUND INCOME. This Income is derived from the interest on Agricultural College land certificates and loans, and is applied to the support of the University. It is placed at the disposal of the Board of Regents by transfer to the Treasurer of the Board in the same manner as the University Fund Income. The receipts and disbursements during the year have been as follows: Receipts for the fiscal year. Disbursements for fiscal year......... NORMAL SCHOOL FUND. $16,199 29 16,199 23 This Fund consists of one-half the proceeds of the sales of all swamp and overflowed lands received by the State from the United States, under act of Congress, approved September 23, 1850. The number of acres of unsold land is 591,629.03. The cash receipts and disbursements during the year have been as follows: The amounts of productive Normal School Fund, on the 30th day of September, 1878 and 1879, were as follows: NORMAL SCHOOL FUND INCOME, This Income is derived from the interest on swamp land certificates and loans, and is applied to establishing and maintaining Normal Schools. By the provisions of section 394, Revised Statutes, this entire Income is placed at the disposal of the Board of Regents of Normal Schools, by transfer to the Treasurer of said Board, and the detailed record of its expenditures is kept separate and distinct from the accounts of the State. The receipts and disbursements during the year have been as follows: Receipts for fiscal year........ Disbursements for fiscal year... $81,588 32 $31,588 22 DRAINAGE fund. This Fund consists of one-half the proceeds of sales of all swamp and overflowed lands received by the State from the United States, and is distributed on the the first Monday of July, under the provisions of section 254, Revised Statutes, among the several counties wherein such lands lie, in proportion to the amount of sales in the respective counties. The moneys so paid are then apportioned by the county clerks to the several towns in their respective counties, and are expended under the direction of the town board in draining and reclaiming the swamp lands in such town, and in constructing roads and b.idges over such swamp lands. The number of acres of unsold land is 703,174.82. The cash receipts and disbursements during the year have been as follows: The amounts of the productive Drainage Fund on the 30th day of Septem ber, 1878 and 1879, were as follows: Total TRUST FUNDS. 1878. 1879. $:4,879 98 The amounts at interest and in the treasury belonging to each of the Trust Funds on September 20, 1879, were respectively as follows: DELINQUENT TAX FUND. This Fund consists of the taxes collected on State lands by the State Treas. urer, in accordance with section 1146, R. S. 1878, and is credited quarterly to the different counties in which the lands are situated. The amounts which have been so received and disbursed are as follows: Taxes on State lands for fiscal year...... Balance September 30, 1878.. Total Disbursements for fiscal year.. Balance September 30, 1879. Total $16,710 23 3,219 45 $19,929 74 $17.986 22 1,98 52 $19,9.9 74 ST. CROIX AND LAKE SUPERIOR RAILROAD TRESPASS FUND. This Fund consists of moneys received into the State Treasury in trust, under the provisions of chapter 46 of the General Laws of 1869, and acts amendatory thereof. The disbursements therefrom have been for the purpose of protecting the St. Croix and Lake Superior railroad lands, in accordance with the terms of said acts. |