Newspaper Page Text
THURSDAY, JULY 24, 1947
TOWALIGA WMU MEETS
The Towaliga WMU met July 16
at the home of Mrs. W. S. Weaver
with 17 members and 4 visitors. The
meeting was opened by the president
Mrs. Edwin Sims, who read the de
votional from Psalms, followed with
prayer by Mrs. Sarah Mangham. The
program from Royal Service was in
charge of Mrs. Jane Weaver, with
the study being on China and the Chi
nese people. At a short business
session it was voted to send money
instead of linen to Georgia Baptist
Hospital. Sandwiches and tea were
served by the hostess. The meeting
was closed with prayer by Mrs. Mat
tie Weaver.
FLOVILLA HD CLUB
The Flovilla HD club met June 24
with 19 members and two visitors.
Betty Anne Weaver and Jan Hen
derson. The meeting was opened
with a song and Mrs. Holloway told
the childhood of Daniel for the de
votional. After business matters
were discussed Miss Hood turned
the demonstration over to Betty
Anne Weaver, outstanding 4-H club
girl, who gave an interesting demon
stration on Around the Clock With
Dairy Foods. She stressed the im
portance of some form of milk in
daily meals. Mrs. Lonnie Hale and
Mrs. A. H. King served ice cream
and cookies at the social hour.
TOWALIGA HD CLUB
The Towaliga HD club met at the
school house July 14. In the absence
of the president the vice president
presided. Mrs. F. L. Maddox gave the
devotional. After the business ses
sion Miss Hood discussed the fair in
October and the types of exhibits to
be used. She also gave an interesting
demonstration in preparing peaches
and beans for the freezer locker. The
county camp will Tie held at Indian
Springs August 6-8. Several 4-H club
girls gave some helpful demonstra
tions. Delicious homemade cookies
were served by the hostesses.
PERSON AL
Miss Ann Morris of Locust Grove
is spending several days with Mr.
and Mrs. Avon Gaston. Mrs. Gaston
and Miss Morris will spend the week
end with John Reid Gaston at Scott
Field, 111.
Mr. and Mrs. Troy Lee Hardy an
nounce the birth of a son, Barry
Lynn, July 20 at Howell’s Clinic.
Mrs. Litt Townsend is expected
home the last of the week from St.
Joseph’s Hospital where she under
went an operation the past week. Her
friends will be glad to know that she
is improving nicely.
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MOORE, MADDOX FAMILIES
HOLD REUNION SUNDAY
Two of the most prominent fami
lies in middle Georgia, the Moore
family of Butts county and the Mad
dox family of Haddock and Milledge
ville, held a delightful family reunion
at Indian Springs state park Sunday.
Some 30 members of the two fam
ilies were represented and all enjoy
ed the fellowship of the occasion
and the delicious noon-day meal.
PEPPERTON WMU MEETS
The Pepperton WMU met at the
church July 15 with Mrs. Lonnie
Rawls, president, presiding. Mrs.
Claude Thaxton was in charge of the
program and the theme for the year
was The World’s People Today and
the topic for the month was Chinese.
The meeting was opened by singing
Channel of Blessings and this was
followed with prayer by Mrs. Jim
King. Miss Dora Rawls gave the de
votional and read Psalm 98. Several
members took part in the program
from Royal Service. A good report
was made by the benevolence com
mittee and a short business session
was held. Extra money was sent the
Georgia Baptist Hospital for linens.
Mrs. Grant brought the new scrap
book which all members viewed with
intrest. The meeting was closed with
prayer by Mrs. Grant.
PERSONAL
Mr. C. M. Coggins of Coggins Fur
niture Cos., spent the first of the
week in the furniture markets at
High Point, N. C.
Mrs. Fred Saunders, Mary Beth
and Bill Saunders, of Jeffersonville,
Ind., and Dan E. Merritt, USCG, Bal
timore, are guests of Mr. W. H. Mer
ritt and Mr .and Mrs. L. C. Webb.
To arrive Friday for the weekend
are Mr and Mrs. John W. McCraney
and Mary Sue, of Leeds, Ala., and
Mr. and Mrs. R. S. Barnett and child
ren, Robby and Scotty, of Buena
Vista.
Mr. and Mrs. Jack Suffridge, of
Zebulon, are spending a 7?ew days
with relatives in Jackson and Byron.
Friends of Mrs. Lucile Pope are
glad to hear that she has been dis
missed from an Atlanta hospital af
ter a serious illness and that she will
return home within a few days.
Mr. P. W. Nolen, his daughter,
Mrs. Robert Stewart and her three
children, Robert, Monnie and Mar
tha, of St. Petersburg, have returned
home after a visit with Mrs. T. H.
Nolen and Miss Clara Nolen.
Mrs. Lounette Eslinger is still con
fined to her bed and friends wish for
her a speedy revocery. .
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THE JACKSON PROGRESS- ARGUS, JACKSON. GEORGIA
State favtyia,
Statement Ccwient (Condition
JUNE 30, 1947
j4teet&
„ # . . . $44,555,555.92
Coif In State Treasury
Cash in hands of State Deportments ~cn<nnil
Cash due from U. S. Government on Reimbursements 3,150,500.41
_ , , . .. $74,931,191.03
Totol Cash Assets ,
*&iaj6itUieA
*
CURRENT €3 105 534 32
Accounts Poyable ' •
RESERVES
For Commitments Outstanding
For Board of Regents Bond Funds for Construction 4,140,500.00
For Sinking Fund to retire State Bonds and County Certificates 1,340,801.98
(See opposite page)
•For Highway Contracts to Mature 10,614,292.60
For Matching Federal Road Funds accrued to June 30, 1947 14,731,909.59
For Land Title Guarantee Fund 5,709,52
For Federal Funds on hand 1,518,526.19
For Agency Funds on hand * ootoliny
For Teacher Retirement Trust Fund 6,921,341.87
For Unearned Income
For Revolving Fund of Agencies payable 10th July 6,201,676.98
Tor Maintaining Aid to Common Schools 3,843,318.35
For Memorandum Operating Allotments , • 9,057,013.13
For Income Equalization Reserve 902,566.55
„ . „ $66,676,291.66
Total Reserves ■ ■■
Total Accounts Payable and Reserves * * $69,781,825.98
Swifilcu
SURPLUS: (Cash over Accounts Payable and Reserves Applied on fixed debt, page 3) . . - -
(*) Hiahway Department Contracts to Mature Active Suspended Total
( ill Contracts - $19,398,386.57 $ 481,380.79 $19,879,767.36
Regular Federal Fund Participation WMSTt 23.519.(0 9,265.474.74
Net State Obligation for Contracts to Mature $10,156,430.83 s_4S7s(A77_ $10,614,292.60
'putccte 'JHatccUny *De6t 'Position <*£ State and /trended
OBLIGATIONS—State Authorized
Dec. 31, 1940 Dec. 31, 1942 Dec. 31, 1946 June 30, 1947
Highway Obligations to Mature $ 8,386,214.61 $10,733,955.34 $14,088,985.60 $10,614,292.60 (1)
General State Bonds of 1838 3,320,022.17 3,203,202.17 97.500.00 93,500.00 (2)
Highway Refunding Bonds of 1939 5,300,000.00 7,950,000.00 5,325,000.00 2,680,000.00 (3)
County Refunding Certif. of 1931 ... . • 13,333,954.73 8,000,472.87 0 0
W& A Rental Discount of 1931 and 1938 4,860,000.00 3,780,000.00 1,636,000.00 1,367,000.00 (41
Hospital Authority Bonds of 1939 2,390,000.00 2,294,000.00 0 0
Tattnall Prison Debt 1,051,088.27 0 0 0
Total $38,641,279.78 $35,961,630.38 $21,147,485.60 $14,754,792.60
ess Cash: •**.
Accumulated Operating Deficit (-)16,723,906.31
Accumulated Operating Surplus 0 7,619,494.57 1,002,260.31 5,149,365.05
Highway Contract Reserve 0 0 14,088,985.60 10,614,292.60
Sinking Fund Reserves 2,195,040.00 2,546,720.00 7,058,500.00 4,140,500.00
Total (*)514,528,866.31 $10,166,214.57i $22,149,745.91 $19,904,157,65
Net Obligations-State of Georgia $53,170,146.09 $25,795,415.81
Net General State Surplus $ 1,002,260.31 $ 5,149,365.05
| (*Net cash deficit.) "
OBLIGATIONS—Regents Authorized
Georgia School of Technology Dormitory ' i
Revenue Bonds issued May 1, 1946 . . $ 3,750,000.00 $ 3,750.000.0 p (5)
Total Regents authorized Obligations ..... $ 3,750,000.00 $ 3,750,000.00
less Cash:
i Sinking Fund Reserves OO .00 '
Net Obligations—Regents Authorized $ 3,750,000.00 $ 3,750,000.00 ""
Net Obligations-State and Agencies $53,170,146.09 $25,795,415.81 $ 2,747,739.69
I— ===== z=z=
Net General Surplus-State and Agencies $ 1,399,365.05
(1) "Highway Obligations"-The amount of State Funds required to complete all contracts outstanding and there is a cash reserve 1
to liquidate this item which is payable as work progresses.
(2) All "General State Bonds" outstanding are past due, but have not been presented for redemption. Cash reserve of $93,500.00
is held in State Treasury to liquidate this obligation.
(3) the "Highway Refunding Bonds" outstanding $30,000.00 in bonds are past due but have not been presented for reaemp
tion, and $2,650,000.00 in bonds to mature March 15, 1948. Cash Sinking Fund is held in the State Treasury to liquidate this obli
) gation in full.
(4) Of the "W & A Rental Discount" warrants outstanding $17,000.00 In warrants are past due but have not been presenred for
redemption, the remaining $1,350,000.00 mature $45,000.00 on the first day of month beginning July 1, 1947, and for each
I month thereafter through December 1, 1949. Cash Sinking Fund is held in the State Treasury to liquidate this obligation in full.
Js)—"Obligations-Regents Authorized." Payable from dormitory rentals, maturing in part on each May 1, 1949 through 1978.
The Regents by exercising the powers of a corporate entity issued the Dormitory Revenue Bonds for the benefit of the Georgia
School of Technology. There is no specific act of the General Assembly authorizing the issuance of these bonds, nor was the action sub
ject to the approval of the Governor, Attorney General or the Budget Bureau of Georgia. See Auditor's notes in financial report
of Sept. 30, 1946, for opinion of Attorney General as to the legal status of this obligation. Ruling was that this item was not an
obligation of the State that it could not be retired from tax or appropriated funds, being an obligation of and payable only from
the earnings of the dormitory.
i
Comparison __ Current
' Year Ended Year Ended Year Ended Year Ended Year Ended Year Ending
June 30, 1942 June 30,1943 June 30, 1944 June 30, 1945 June 30, 1946 June 30, 1947
Cash Receipts In State Treasury $58,893,568:09 $58,183,496,83 Td1,772,210.04 $63.193,875.80 $81,021,50065 $98,663,50678
IL‘ ITUiBBSSSST j
(See page 6 for detail)
fittotnicnts
Current Operating Allotments $41,017,766.25 $44,039,844.53 $46,421,667.47 $53,374,816.38 $78,971,693.63 $88,946,270.18
Debt Retirement Allotments 8,321,890.93 15,784,968.34 10,514,432.61 5,110,000.00 4,223,791.01 525,000.00
Memorandum Allotments for Increased Aid .. . 60 60 4,343,000.00 4,549,332.79 (-)2,173,984.09 6,176,98278
Total Allotments $49,339,657.18 $59,824,812.87 $61,284,150.08 $63,034,149.17 $81,021,500.55 $95,648,252.96
(See page 7 for detail)
Excess of Receipts Over Allotments $ 9,553,910.91 .00 $ 438,059.96 $ 159,726.63 .00 $ 3,015,253.82
Excess of Allotments Over Receipts -00 $ 1,641,316.04 .00 -00 .00
$58,893,568.09 $58,183,496.83 $61,772,21064 $63,193,875.80 $81,021,500*55 $98,663,50678
This statement or Georgia’s financial condition is published ana paid for by the Executive Department as a matter of public Informa
tion. It shows the balance sheet of our state as prepared by the State Auditor and released as his official report on July 12. 1947. This
publication does.not Include the portion of tho report showing.detail of receipts end allotments to agencies. A copy of the full report Is
public Information and available tyj the efflee ef the State Auditor. ,
M . IH©M£SOH, Actjpg tteyergof