Table 15 Available School Fund

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This section is from the book "A Financial History Of Texas", by Edmund Thornton Miller. Also available from Amazon: A Financial History Of Texas.

Table 15 Available School Fund

Year	Receipts		Ordinary Disbursements	Other Disbursements	Total Disbursements	Balance at End of Year
1847..........		$ 5,885	...........	...........	...........		$ 5,880
1848..........		9,636	...........	...........	...........		15,521
1849..........		9,981	...........	...........	...........		25,503
1850..........		11,005	...........	...........	...........		36,509
1851..........		11,542	...........	$36,000	36,000	Cash	12,051
1851..........		...........	...........	...........	...........	Bonds	36,000
1852..........		13,922	...........	17,000	17,000	Cash	8,974
1852..........		...........	...........	...........	...........	Bonds	53,000
1853..........		20,219	...........	...........	...........	Cash	29,193
1853..........		...........	...........	...........	...........	Bonds	53,000
1854..........	Cash	68,511	...........	...........	...........	Cash	92,70.1
1854..........	Bonds	2,000,000	...........	...........	.....	Bonds	2,053,006
1855..........		124,629	$ 27,136	...........	27,136	Cash	190,197
1855..........		...........	...........	...........		Bonds	2,053,000
1856..........		128,350	95,130	...........	192,130	Cash	126.418
1856..........	...........	...........	...........	...........	...........	Bonds	2,150,000
1857..........		170,784	106,125	46,000	152,125	Cash	145,077
1857..........	...........	...........	...........	...........	...........	Bonds	2,196,000
1858..........		151,690	105,332	65,000	170,332	Cash	120,436
1858..........	...........	...........	...........	...........	...........	Bonds	2,261,000
1859 ..........		174,400	118,465	48,000	166,465	Cash	134,370
1859 ..........	...........	...........	...........	...........	...........	Bonds	2,309,000
I860..........		207,756	119,606	85,000	204,606	Cash	137,520
I860..........	...........	...........	...........	...........	...........	Bonds	2,394,000
1861..........	Cash	85,489	123,120	23,500	146,620	Specie	76,389
	Warrants	8,518	...........	...........	...........	Bonds	2,417,500
	Int. Coupons	17,675	...........	...........	...........	Warrants	8,518
1862..........	Cash	63,336	50,954	637,175	688,129	Cash	31.251
	Warrants	2,721	...........	...........	...........	Warrants	11,239
	Int. Coupons	19,500	...........	...........	...........	Bonds	1,834,980
1863..........	Cash	51,876	24,697	06,668	91,365	Cash	49.912
	Int. Coupons	4,150	...........	...........	...........	Warrants	11,239
	...........	...........	...........	...........	...........	Bonds	1,780,980
1864..........	Confed. Notes	184,118	28,041	...........	28,041	Cash	205,989
	Warrants	214,619	...........	...........	...........	Warrants	225,858
	...........	...........	...........	...........	...........	Bonds	1,780,980
1865..........	Cash	68,452	10,850	...........	10,850	Specie	6,927
	...........	...........	...........	...........	...........	Confed. Notes	250,668
	...........	...........	...........	...........	...........	Warrants	11,239
	...........	...........	...........	...........	...........	Bonds	2,073,684
1866..........	Cash	25,904	...........	...........	...........	Cash	25,904
1866..........	Warrants	8,251	...........	...........	...........	Warrants	19,490
1867..........	Cash	55,662	27,032	...........	27,082	Cash	54,533
1867..........	Warrants	930	...........	...........	...........
1868..........		7,616	2,086	...........	2,086		60,144
1869..........		2,045	3,210	...........	3,210		58,979
1870..........		38,030	208	60,851	61,060		35,950
1871..........		168,868	68,271		68,271		136,096
1872..........	Cash	412,030	532,230		532,230	Cash	15,896
1872..........	Bonds	12,000	................	..........	..........	Bonds	12,000
1873..........		514,133	194,910		194,910	Cash	335,116
1873..........	..........	..........	..........	..........	..........	Bonds	12,000
1874..........		602,432	790,304	...........	790,304	Cash	148,744
1874..........	..........	..........	..........	..........	................	Bonds	10,500
1875..........		579,722	620,205	...........	620,205	Cash	108,260
1875..........	..........	..........	..........	..........	..........	Bonds	10,500
1876..........		612,702	609,960	2,907	612,868	Cash	108,095
1876..........	..........	..........	..........	..........	..........	Bonds	10,500
1877..........		706,707	499,185	40,782	539,968	Cash	274,834
1877..........	..........	..........	..........	..........	..........	Bonds	10,500
1878..........		745,138	682,480	26,563	709,043	Cash	320,428
1878..........	...................	..........	..........	..........	..........	Bonds	1,000
1879..........		839,793	983,689	36,810	1,020,500		140,721
1880..........		707,351	733,559	34,819	768,379		77,693
1881..........		770,006	787,582	2,995	790,577		59,123
1882..........		1,111,633	913,750	59,267	973,018		197,738
1883..........		l,377,848	1.150,625	...........	1,150,625		424,961
1884..........		1.52,428	1,485,549	5,861	1,491,411		454,979
1885..........		2,009,191	1,956,025	88,810	1,979,836		484.334

Year	Receipts	Ordinary Disbursements	Other Disbursements	Total Disbursements	Balance at End of Year
1886..........	$2,132,189	$2,422,005	$ 18,537	$2,440,543	$ 175,980
1887..........	2,109,694	2,265,937	10,958	2,276,895	8,779
1888..........	2,630,259	2,541,488	13,600	2,555,088	83,949
1889..........	2,197,819	2,205,330	22,196	2,227,526	54,242
1890..........	2,297,954	2,303,730	8,199	2,311,930	40,266
1891..........	2,694,953	2,609,348	8,336	2,617,684	117,536
1892..........	2,792,936	2,535,052	7,876	2,542,928	367,543
1893..........	2,844,458	3,052,589	7,719	3,060,309	151,692
1894..........	2,334,163	2,431,425	3,030	2,434,456	51,399
1895..........	2,626,145	2,544,066	..........	2,544,066	133,479
1896..........	2,843,433	2,901,982	1,870	2,903,852	73,060
1897..........	3,273,007	3,233,314	..........	3,233,314	112,753
1898..........	3,054,948	3,069,912	..........	3,069,912	97,789
1899..........	3,151,409	3,232,624	..........	3,232,624	16,574
1900..........	3,318,276	3,081,471	..........	3,081,471	253,379
1901..........	3,369,092	3,488,628	..........	3,488,628	133,844
1902..........	3,636,891	3,565,244	2,801	3,568,045	202,690
1903..........	3,868,069	3,809,677	4,069	3,813,746	257,012
1904..........	3,724,442	3,848,496	118	3,848,614	132,840
1905..........	3,983,931	3,971,922	..........	3,971,922	144,849
1906..........	4,109,683	4,218,383	38	4,218,421	36,110
1907..........	4,449,020	4,388,254	..........	4,388,254	96,877
1908..........	5,404,973	5,389,934	10	5,389,944	111,846
1909..........	5,883,691	5,658,473	..........	5,658,473	337,065
1910..........	6,276,502	6,507,075	..........	6,507,075	106,491
1911..........	6,211,655	6,308,287	..........	6,308,287	9,858
1912..........	6,838,394	6,783,459	..........	6,783,459	64,793
1913..........	7,204,406	7,053,487	..........	7,053,487	215,713
1914..........	7,149,680	7,348,323	..........	7,348,323	17,070
1915..........	7,999,059	7,692,144	..........	7,692,144	323,984

Explanatory Notes, Table 15

Until 1852 one-tenth of the annual revenue of the state was set aside for educational purposes, but thereafter one-tenth of the annual revenue arising from direct taxation was set aside.

1851. The $36,000 among disbursements was for that amount of 5 per cent state bonds authorized to be issued by an act of December 2, 1850. In 1852 these state bonds were replaced by 5 per cent United States bonds and additional United States bonds to the amount of $17,000 were secured of the general revenue fund.

1854. By an act of January 31, 1854, establishing a system of schools, $2,000,000 of 5 per cent United States bonds were appropriated by the state to a fund entitled the special school fund. Only the interest of this fund could be used, and it was to be distributed for the support of these schools.

1856. An act of August 29, 1856, authorized the state treasurer to transfer to the general revenue fund the specie to the credit of the general school fund and to replace the same with 5 per cent United States bonds, and on July 1 of each year thereafter the specie to the credit of the school fund derived from one-tenth taxes was to be exchanged for United States bonds. The following were the amounts of specie exchanged for bonds under the provisions of this act:

1856 ...................................	$97,000
1857..........................................	33.000
1858 .........................................	65,000
1859............................................	36,000
1860 .....................................	71,000
1861 .................................	19,000

The act of 1856 also consolidated the two school funds into one entitled the school fund.

1857. The acts of August 13 and August 26, 1856, provided for the investment of the school fund in the bonds of railroad companies incorporated by the state. It authorized the exchange of the United States bonds and the specie of the fund for ten year 6 per cent railroad bonds. In this table only the specie used is counted among the .disbursements, and in 1857, $13,000 of specie was so expended. In 1859 $12,000; in 1860, $14,000; in 1861, $45,000. The transactions in which United States bonds were exchanged for railroad bonds are not introduced into this table.

1862. The $637,175 among disbursements was a transfer to the general revenue fund of $544,480 of United States bonds, $35,175 of interest coupons from United States bonds, and $57,520 of cash. Such a long period of time elapsed before the school fund was repaid that the transfer is treated for practical purposes as a disbursement. The condition of the fund can be best shown by this treatment of the transaction.

1863. The $66,668 among disbursements was a transfer to the general revenue fund of $54,000 of United States bonds, $4,150 of interest coupons, and $8,518 in cash. The explanation of treating this as a disbursement is the same as above.

1865-1867. There are no reports covering fully these years but, as in the case of the general revenue, the reports are for very unequal periods.

1870. In the report of this year there appears for the first time the division of the school fund into the permanent and the available funds.

Explanatory Notes, Table 16

This table is compiled from data found in the reports of the comptroller, and such data are found fully only since 1886. The statistics are those of the cost, loss and waste in the assessment and collection of taxes assesed and collected by county assessors and collectors. The table does not include the taxes assessed or collected at the office of the comptroller, except that collections by the comptroller are given beginning' with the report of 1912. The tables in the report of the comptroller from which the compilations are made are those summarizing the accounts of tax collectors and ex-collectors.

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Table 15 Available School Fund

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Table 15 Available School Fund

Explanatory Notes, Table 15

Explanatory Notes, Table 16

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