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As soon as the pres- ent building season closes the $200 thus held by the Secretary is to be returned to the Building Fund. The $10,000 reported above in the Building Fund as a tem- porary loan, was borrowed upon notes of hand for a few days, to anticipate appropriations already made by the city, but not yet collected. This was done to avoid suspending building operations already commenced and which it was considered desirable to finish at the earliest practicable moment. The Common Council gen...erously granted the entire appro- priation asked by the Board for the year 1882, viz: $183,- 945.95 for the School Fund, for the purpose of maintaining the Public Schools of thte city for the ensuing year and for the necessary repairs to buildings, and $68,000 for the Build- Digitized by Google REPORT OF THE TREASURER. Digitized by Google Digitized by Google BEPORT OF THE SECRETARY. 17 ing Fund, for the purchase of lots and the erection and f ur- i^ishing of new buildings. It will thus be seen that the affairs of the Board are in excellent shape, with a comfortable balance on hand in each fund and a prospective income sufficient to maintain the schools at their present high standard of efficiency, to keep the school buildings in good condition, and improve their lighting, heating and ventilation, and to erect such additional new buildings as the urgency for more school accommoda- tions seems to demand.
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