Report By the Land Agent of the University of California to the Finance Committ
Report By the Land Agent of the University of California to the Finance Committ
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In the Sur- veyor General's report for the year 1862, 14th session, he gives the total of principal and interest of the Seminary Fund, as reported to the State Register at $25, 515. 09, while the Controller's books show a total amount of principal and interest of only $6, 534. 97. This discrepancy of $18, 980. 12 he accounts for by saying "that the County Treasurers will not learn to distinguish between these lands and School Lands^ and thus pay it unto the School Fund. " Under the present orga...nization, these errors cannot easily occur as the reports of County Treasurers before accepted by the Controller must be revised in the Surveyor General's Office, and certified to be correct.
THE UNIVERSITY FUND.
This account is opened on the Books of the Controller, July 6th, 1868, by a transfer of Coin, under Act of March 26, 1868, from the School Fund, of $44, 064. 00, and thereafter receives the credits of the proceeds of sales of Seminary and Public Building lands and interest thereon, the interest on Seminary Bonds, the interest on the $35, 000 of Bonds transfered under act of March 26, 1868, the $200, 000 ap- propriated from sale of Tide Lands under act of March 30th, 1868, the interest on Bonds purchased from proceeds of sale of Tide Lands under act of April 2d, 1870, and a transfer from the General Fund of $7, 312.
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To quickly assess the difficulty of the text, read a short excerpt:
In the Sur- veyor General's report for the year 1862, 14th session, he gives the total of principal and interest of the Seminary Fund, as reported to the State Register at $25, 515. 09, while the Controller's books show a total amount of principal and interest of only $6, 534. 97. This discrepancy of $18, 980. 12 he accounts for by saying "that the County Treasurers will not learn to distinguish between these lands and School Lands^ and thus pay it unto the School Fund. " Under the present orga...nization, these errors cannot easily occur as the reports of County Treasurers before accepted by the Controller must be revised in the Surveyor General's Office, and certified to be correct.
THE UNIVERSITY FUND.
This account is opened on the Books of the Controller, July 6th, 1868, by a transfer of Coin, under Act of March 26, 1868, from the School Fund, of $44, 064. 00, and thereafter receives the credits of the proceeds of sales of Seminary and Public Building lands and interest thereon, the interest on Seminary Bonds, the interest on the $35, 000 of Bonds transfered under act of March 26, 1868, the $200, 000 ap- propriated from sale of Tide Lands under act of March 30th, 1868, the interest on Bonds purchased from proceeds of sale of Tide Lands under act of April 2d, 1870, and a transfer from the General Fund of $7, 312.
What to read after Report By the Land Agent of the University of California to the Finance Committ?
You can find similar books in the "Read Also" column, or choose other free books by University of California System Land Agent to read onlineMoreLess
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