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ELEVENTH BIENNIAL REPORT

OF THE

STATE AUDITOR

TO THE

STATE LEGISLATURE

SESSION OF 1911

PUBLISHED BY AUTHORITY

OLYMPIA, WASH.

E. L. BOARDMAN, PUBLIC PRINTER

1910.

AUTHORITY

FOR

BIENNIAL REPORT OF THE STATE AUDITOR

"It shall be the duty of the auditor to digest, prepare and report to the legislature at the commencement of each biennial session-First, A full and detailed statement of the condition of the revenues, and the amount of expenditures for the fiscal year; second, a full and detailed statement of the public debt; third, estimate of revenues and the expenditures for the next succeeding year; fourth, such plans as he may deem expedient for the support of public credit, for lessening the public expenses, for using the public money to the best advantage, for promoting frugality and economy in public offices, and generally for the better management and more perfect understanding of the financial affairs of the state; fifth, a tabular statement, showing separately the whole amount of each appropriation of money made by law, the amount paid under the same, and the balance unexpended; sixth, a tabular statement showing separately the amount of money received into the treasury from all sources in the preceding fiscal year, the amount received from each county, and the source of revenue in each county for state purposes."-Sec. 4, chap. xx, Laws of 1889-90.

TO THE GOVERNOR.

STATE AUDITOR'S OFFICE, OLYMPIA, WASH., Oct. 1, 1910.

To Hon. M. E. Hay, Governor of the State of Washington: DEAR SIR-Pursuant to statutory requirement, I have the honor to transmit, thorugh you, to the legislature, my report of the official transactions of this department for the biennial term ending September 30, 1910.

It is with gratification that I submit this report, because of the prosperous condition in which the state business is now shown to be. At the beginning of this biennial term, it was freely predicted that ere the close thereof the state would either be unable to cash its warrants or else its debt to the permanent school fund would be materially increased. Time has shown, however, that we were mistaken. Not only have we kept on a cash basis, but have been enabled to reduce the state's indebtedness to the permanent school fund $400,000.00, and at this time have a cash balance in the general fund of $623,301.74. The state will enter the new biennial period with a reduction of the tax levy, and with good prospects for a still further reduction another year. New necessities may develop from year to year, demanding the expenditure of funds for institutions and administration, but it may be fairly presumed that our equipments of state institutions are now well advanced, and that from this time on they will grow to meet increased demands, rather than be built from their beginnings. It will therefore be reasonable to hope that, with the exercise of care and economy in every department, we will be able to reduce the burdens of government instead of adding thereto.

CONTINGENT OR REVOLVING FUND.

The legislature of 1907 passed the law compelling all institutions to pay over to the state treasurer all moneys collected by them and belonging to the state. This deprived them of any ready cash with which to take care of minor accounts for

(RECAP) H511.

616077

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