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Annual Report of the Comptroller, 1915
Volume 279, Preface 15   View pdf image (33K)
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REPORT OF THE COMPTROLLER OF THE TREASURY xv

DEFICIT.

The State is now facing a deficit of $1,446,555.81 in its general
revenues on September 30th, 1915, as follows:

Total cash in banks and Treasury............................... $1,603,286 81

Deduct cash due to sinking funds............................... 756,384 36

Remainder of Cash.................................. 846,900 96

DUE TO " DEDICATED " FUNDS

   

Public School Tax Fund ............................

$819,236 20

 

Road repair food (proceeds of special tax) ............

51,342 35

 

Motor vehicle Licenses Fund ......................

33,356 89

 

Loan Funds (proceeds of bonds) ....................

82,986 02

 

State Accident Fund ..............................

32,081 06

 

Fund for Indigent Blind ...........................

14,375 00

 

Tobacco Warehouse Fund .......................

18,102 88

 

Oyster Fund .....................................

8,988 27

 

Maryland Agricultural College Loan Tsz.............

8,474 85

 

Common Free School Fund ..........................

3,572 50

 

Preservation of Natural Oyster Bars Fund .............

486 53

 

Special Roads Fund ...............................

486 52

 

Counties Funds ..................................

245 00

 

Total.....................................

 

$1,018,769 07

Deflciencv of Oanh (to meet "dedicated" funds) ........

 

1171,868 11

ADDITIONAL DEFICIENCIES.

Unpaid balances of appropriations for State and private hos-
pitals, institutions, universities and other purposes, as follows:

Balances due to State Hospitals aud Training Schools...

$221,500 00

Private Hospitals, Homes, etc . . . . . .............

327,726 00

Universities, Schools, etc . ........ ........

287,243 00

Reform Schools, etc . . . . .... ... ......... ....

75,250 00

State Departments, Offices, etc ......................

362,969 70

Total Balances Carried Forward to the New Year (not paid) .$1,274,687 70
Total Deficiency of Each in Comparison with Liabilities and Obligations$l,446,555 81

After a very careful estimate of the receipts and expenses for
the fiscal year ending September -SOth, 1915, see Statements "C"
and " D," this deficit will be further increased by $80,424.00. If
the General Assembly shall pass special bills carrying appropri-
ations in excess of the estimate made in Statement ''D,'' payable
during the fiscal year ending September 30th, 1916, it necessari-
ly follows that the shortage will be increased to that extent. How
important it therefore becomes, that the State's expenses shall
he kept within its resources.

The question naturally arises what is the best method of tak-
ing care of the same. I take for granted the General Assembly
having made in good faith, although, unintentionally, excess ap-
propriations, and the beneficiaries thereunder, both State and
private, relying absolutely upon the ability of the State to honor

 

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Annual Report of the Comptroller, 1915
Volume 279, Preface 15   View pdf image (33K)
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