Eugene register-guard. (Eugene, Or.) 1930-1983, March 16, 1962, Image 21

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Eugene register-guard., March 16, 1962, Image 21

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Newspaper Page TextEUGENE REGISTER-GUARD, Friday. March 16, 1962 Page 7B GENERAL HIND Business Beat Fruit Growers Hear Optimistic Report ESTIMATED RECEIPTS AND BEGINNING CASH BALANCE ' Schedule II Actual Receipts for Two Fiscal Years Next Pre . .... . ceding Current School Year Budget Fiscal Year fiscal Year Allowance Ending Ending Current June 30, I960 June 30, 1961 Fiscal Year By BOB NEWCOMB OI the Re(lsterGuard Members of the Eugene Fruit Growers Assn. held their annual meeting recently and heard an optimistic report from their secretary-treasurer and general manager E. I. Pitkin. Sales last year exceeded $12.3 million, he reported, setting a new all-time record. They were in fact, 22 per cent higher than in any previous year. The association froze 1.4 million pounds of fruit during the year and can-packed 3 million cases of fruit and vegetables an equivalent of 2,000 carloads. This year, Eugene Fruit Growers is undertaking a small scale experiment on the freezing of vegetables as well as fruit, and next year there may be another optimistic report. Pitkin said another good pack is expected this year, and he predicted that the association's business is heading for more high levels in 1962. SCANDINAVIAN BANKER A 33-year-old Norwegian will become a temporary staff member of Citizens Bank in Eugene this summer under an exchange-banker program co-sponsored by the Oregon Bankers Assn. and the Oregon Junior Chamber of Commerce. From Aug. 15 to Sept. 30, Nicolai Slipcr, who for the past ten years has been associated with a Norwegian bank, will be employed here, according to H. Sanford Saari, president of Citizens. During his stay in this community, he will be provided with 'Full Disclosure' Not Easy to Achieve What Do You Really Pay on Time? By SAM DAWSON Of the Associated Press NEW YORK How much does it really cost you to buy on time? Some people have only the foggiest notion of the total cost. For them the main thing is that the monthly payment seems feasible and a cash out lay doesn't. President Kennedy tells Con gress there should be a law, as part of his over-all plan to pro tect consumers. The law would require "lenders and vendors to disclose to borrowers in ad- DKESSEK'S Telephone " Answering Service 4sT, fn Accurate Personal a,, & i A&ay. Aa. 6a. 6. Aa. 6as, sjv j Dial DI 3-7736 Used Underwood Electric Typewriter ... 199.50 LANE COUNTY OFFICE MACHINES CO. 1416 Orchard St. 01 2-2127 Parking right outside the doorl HME No appraisal fee. Fast, low cost loans to build, buy, refinance or remodel. See Equitable. Ask about A.P.O. home loan protection. 4 ioan AIIOCI. 74 Offices In Ortgan no' Wsthlnetsa Hem Offict: Portland, Orison 41 Tenth Ave. Waif, Eugene Diamond 3-6513 vancc the actual amounts and rates which they will be paying for credit." Bankers contend that the amount can be determined in advance, but specifying the rate often is too complicated in the modern world of consumer fi nance. Full Disclosure Many lenders and their asso ciations endorse the principle of full disclosure. The American Bankers Assn. and other trade groups in the finance field say they have sought for years t h r o u g h educational efforts among their members to have them tell borrowers in advance the exact amount to finance charges on consumer loans. And individual banks and fi nance companies stress that a prudent borrower can and should find out the exact amount of finance charges and just how much more it costs to enjoy now and pay later than to pay cash. Many consumers, however, couldn't tell you just how much their car or appliance, on their home, will have cost them when the final payment is made. Portland Markets PORTLAND W Buttert.it TenU- tlve, subject to immediate change rremiuro quality delivered in fort land, 64 cents lb; first quality 61; second quality 56. Butter Prints per lb to retailers Grade AA, 93 score, 67; A grade, 92 score, 67; B grade, SO score 66. Cheese To retailers Single dais ies 47Va-48Va; processed American, 44i,i-45V. Eggs To producers, at farm AA extra large, 35-39; AA large, 34- 37 Vi: A large, 31-34: A A medium, 27-11 2; A A small, 20-24-3. Eggs To producers, at farm A A extra large, 36-40' i; A A large, 34 38; A large, 32-35; AA mediums, 27-3I'st. AA small, 20-24'ji. Live poultry Quoted to growers f.o.b. ranch No, 1 quality fryers, 2;(-i-4 lbs. 18-21; light hens 6; heavy hens no quotation. Rabbits Average to growers Live whites. 3i-4Mi lbs, 24-26; some down to 20; colored pelts 4-5 cents less; fresh killed fryers to retailers 58-62, a few to 65; cut up, 60-65. Whole Dressed Meats Beef cuts (choice steers) Hind quarters, 50.00-52.00; rounds 50.00- 53.50; full loins, trimmed, 67.00-69.00; forequarters, 36.50 38.00; chucks, 43.0044.00: ribs. 50.00-53.00. Lambs Choice, prime, 55 lbs, down 38.IHJ-4U.UU. Veal Choice. 90-150 lbs.. 56.00- 58.00; good, 54.00-56.00; standard. 46.00-53.00. Produce Onions Wrst. Ure. Danvers, No. 1 medium, 50 lb ska. 4.25-4.50; No. 2s, 2.75-3.00; large No. is, 3.00-6.00; boil ers, No. Is, 2.00-2.25. Potatoes Ore. local Russets, No. 1A, 100 1 lbs. 2.50-2.75; Deschutes Russets, best, 3.00-3.25; 6-14 ot. 3.25- 3:50; bakers, 3.Z3-3.5U. FOR SALE EWEB Surplus Real Properly Located 4'j miles East Vida, Oregon Properly Contains . . . approximately 430' McKenzie Biver Frontage Minimum Bid 55,000.00 Seated bids will be received at address below until 11:00 a.m. Thurs. March 22. 1962 EWEB reserves right Co accept or reject any or all bids. Bid forms and further Information may be obtained from S. O. 8tamm Land Department EUGENE WATER & ELECTRIC BOARD 500 East Fourth Avenue .'hone DI 3-1661 But whether Congress goes along with the President's idea that the consumer should be told the full amount, as a mat ter of law, the really big battle is likely to be over setting the precise rate of interest. Douglas Idea In asking this, the President apparently endorses the idea urged on congress for two years now by Sen. Paul H. Douglas, D ill, that rates, as well as total amount, be spelled out before a loan or an on-time purchase is made. Bankers' explanation of why simple interest rates don't ap ply is about as complicated as President Kennedy implies the credit charges are. Economists at the First Na tional City Bank of New York contend: 'In the business world simple interest is little more than some thing once learned in school; it is not used in millions of credit transactions consummated each day." Under simple interest rules, the payment of $60 interest on a $1,000 loan at the end of one year would be 6 per cent. But business is not done this way, the economists say. "The practice among lenders is to charge interest at shorter inter vals. Payment of $5 a month interest on a $1,000 one-year loan would work out to some thing in excess of 6 per cent simple interest. And there is no formula that will tell exactly what the simple interest equiva lent would be." Discount Method . Another method of charging much favored by banks is the discount method. That is, 5 per cent (if that's the charge) is subtracted in advance from the principal. Thus' a $1,000 loan actually yields the borrower $950 if repaid in 12 months, or $900 is repaid in 24 months. If you really want $1,000 in cash to be repaid monthly over two years, you would sign a note for $1,111.11 and would pay $46.30 a month. The bankers say that finance companies often use another method, called add-on. Thus, a 6 per cent loan for two years would require a note for $1,120, repaid at $46.67 a month. And the "revolving credit" plan used by banks and mer chants with a 1 per cent charge a month on outstanding balance would seem to mean 12 per cent a year. But the bank economists say not. They contend, "with debits and credits going through an active account on various days of a month, calculation of a simple interest equivalent would be hopeless from the very start." Financial Report NEW YORK STOCK EXCHANGE Selected List Reported by Harris, Upham & Co. Mar. 16, 1962 Alleghany IHs ContOll 2oy 67 65'4 102 45's 473, All Luduum 47H Al Chem 49's Al Chalm Alcoa Allied St Alum Ltd Amerada Am Can Am Cyan Am El POW 71 "4 A M F 3214 Am M Cllm 38's Am Motors 164 Am Nat G W, Am T4T 132i Am Tob 951-3 Am Viscose 58"- Ampex 184 Anaconda 491.4 Armco Armour Atchison Avco Bal & Ohio 321 Beckman 1321,? Bendlx Wii Beth Steel 42'.. Boeing 50' Borg Warn Brunswick Burlington Burroughs Campbell J. 1. Case Caterpillar Celanese Cerr De P Cessna Ches Ic O Chrysler Cities Sve Colo Fuel ColumbGas 29H Cont Can 44a Corn Prod Crown Zel Crucible SSL. 574 56's 21 L Curt Wright I6T4 Deere Disney Douglas Dow Dresser DuPont 55' 4 39"4 30-, 64 30'., 253'. 71 55' i 27 2754 46 36"-', 24". 49i, 117, 7S 39H 42, 29 32 '4 5614 554 567 15,. Eastern Airl 24 F.astman 114 El Paso 244 Erie 3' a 1st Charter 44' . Ford 99 Fruchauf 2544 Gen Dvnam 30-V4 Gen Electric 784 Gen Food 84-4 Gen Motors 564 Gen Tel 2614 Gen Tire Ga Pac Gillette Goodyear Grace Gt Northern 44t Greyhound 294 liuir un 4:t 's j Homcstake 477a Howe Sound 154 Ideal Cem 27'4 III Central 42-H IBM 552 Intl Harv 554 Intl Nickel 81 V4 Intl Paper 38 IntlT&T 54' Johns Many 57'4 Jones & Lau 67'4 Kaiser Aim 36-v, Kennecott 81 Is KerrMcGee 41 Vi 5514 474 434 844 DOW JONES CLOSING AVERAGES SO Industrial 722.17 dn .77 20 Ralls 145.83 up .61 15 Utilities 130.51 up .13 Volume 3,060,000 Litton 132 St Regis 38's Lockheed 48'4 Sand Imp 13 Lorillard 61V4 Schenley 254 Mack 43'n Scars 841. Magnavox 464 Shell T&T 17's Martin 2674 Sinclair 364 McDermott 48 Socony 554 M G M 4814 Southrn Co S5a Minn Mfg 364 So Pacific 29 Monsanto 48n Sperry 214 Mont Ward 34' Std Oil Cal 59'4 Natl Biscuit 89 Std Oil Ind 55 Natl Cash 123'4 Std Oil N J 5474 Natl Dlst 28 Studebakr 1097-4 NatlGvp 52' 4 Sub BBS 27V4 Natl Lead 91 Sunray 27'4 NV Central 18's Swift 464 No Am Avla 66 Tcnn Gas 244 Nor Pacific 42 Texaco 5814 NW Airl 334 texas Gulf 21 Olln Math 39 Texas Inst 974 Outboard 224 Textron 29'4 Owens III 884 Thlklol 38'4 Pac Gas 344 Thorn Ramo 6l's PanAmer 234 Tidewater 2ls Pennev 48'4 Transamer 44:,4 Penn RR 714 Un-Carbde II8V4 Pepsi 52 Un Oil 654 Pfiier 56 Un Pacific 324 Phillips 594 United Aire 474 Polaroid 191's Ulltd Airl 354 IProcGam 82' Unld Fruit 2774 Pure Oil 35'i, U S Borax 37', Radio 63' 3 US Plywood 514 Rayonler 22'4 U S Rubber 59'4 Raytheon 37's U S Steel 724 Relchhold 16'4 U N Match 244 Rep Steel 5714 Upjohn 50H Rcxall 47 Varlan 41 V4 Reyn Met 384 Wes Union 39 RevnTob 75'4 Westlnghse 38'4 Rlchdsn-Ml IOOV4 Woolworth 834 Richfield 44'4 Youngstwn 103 Royal Dtch 384 Zenith 7314 Safeway 52V4 lodging by the Eugene end Springfield Jaycccs. Slipcr is one of three young men selected by the Norwegian Bankers Assn. to study American banking systems in Oregon. He will also serve on the staffs of the Bank of Shcdd. Citizens Bank of Al bany, the First National Bank in Roscburg and the Western Security Bank in Salem. AWARD WINNER Gary E. Smith of Eugene, a student at Oregon State University, has been awarded a $300 study grant by the Ralston Purina Co. He was one of 61 students to re ceive scholarships at the annual Ag Awards Banquet recently. PLUMBERS TO MEET The annual convention of the Ore gon Stale Assn. of Plumbing Contractors will be held April 13-14 at the Eugene Hotel, according to Clarence Vos ot Eu gene, area director and general chairman. The convention will be open to all plumbing contractors in the state, regardless of association membership. REPAIR SERVICE Nim F. Yates of 475 S. 71st St., Spring field, has opened a new part-time radio and television repair business at his home. Yates is employed as an electrician in Springfield. He will operate the repair service on weekends and evenings. "TOP HATTER" Frank Bonner, salesman wilh Kendall Motor Co. of Eugene, this week was awarded a Top Hatter citation by the Ford Motor Co. during a company banquet in Portland. The citation is awarded to 1 per cent of the company's salesmen throughout the country. The award is the highest sales honor offered by the company. CREDIT MANAGER William G. Ennis has been named manager of the Eugene district office for Commercial Credit Corp. Since 1948, he has been with Commercial Credit in Spokane, Wash. ' ELECTRIC LIGHTS An electrical lighting conference, sponsored by the Electric Assn. of Lane County, Inc., will be held April 6 at the Lane County Fairgrounds. Leading commercial light manufacturers will have exhibits in the Auditorium Bldg., and arrangements are being made for a program of speakers. ON SAFETY COMMITTEE Two Eugene contractors Har ry I. Hamilton and C. H. Strong have been appointed to membership of the safety committee of the Associated General Contractors. Purpose of the committee is to make studies leading to recommendations on methods of reducing Highway ana indus trial accidents in Oregon. I Aid for Education LONDON Iff) Treasury Sec retary Henry Brooke says the government will spend $921 mil lion in aid to British universi ties over the next five years. Part of the money will be used to build seven more universities. Portland Livestock PORTLAND (UPI-USDA) Weekly livestock: Cattle 1775: slaughter steers, choice 24-27; utility and standard 20 23; utility cows 14-18; canner and cutter 11-15.50; mostly 12 up; choice and stood steers 25-27. Calves 300: bulk fiood and choice vealers and calves 28-33: choice to 34; cull and utility 16-20; feeders, coori-cho re 26-28. Hogs 1875: butchers 25-50 cents lower; sows steady to 50 cents off; No. 1 and 2, 190-230 lbs 18.50-19.60; No. 2 and 3, heavier 17-18.50; sows No. 1 and 3 heavy 12-18. Sheep 1525; choice and prime wooled and shorn slaughter lambs 17-18: good-choice 16.50-17; few cuU to good alaughter ewes 3-16. Woman Given Seven-Year Term HILLSBORO IUPI) Mrs. Eve lyn Flett, Gaston, has been sen tenced to seven years in the state prison for manslaughter, A Washington County Circuit Court jury convicted Mrs. Flett Feb. 1 of the butcher-knife slay ing of her husband, Eldon. She testified that the stabbing was an accident which occurred while she was peeling potatoes Judge Glenn Hicbcr pro nounced the sentence. Eugene Markets ij (2) 9,872.21 14,938.90 81.12 493.96 276.54 478.73 Estimated Receipts Ensutnc Item fiscal Year (3) 4 (51 10. Revenue from Local Sources 11.1 District Tax received -In year levied . - 11.2 District Tax Prior Years' Levies Sale Equipment Trailer Tax " Yield Tax " 14.0 Other Land Sales . 20,038.99 19,590.57 65,117.58 17,111.02 2,808.18 74.730.33 11,987.93 20. Revenue from lntermedlat-.f Sources 24,529.00 21.0 County School Fund 26,040.00 22.0 Rural School District --v 22.1 Apportionment 4,000.00 22.1 Prior Years' Levies (Rural) Interest on Tax Collections ""' 30. Revenue from or Through state Sources 31.0 Rsslc School Support Fund 34.691.74 39.024.80 Tax Levy .- 95.114.2 94,346.47 135,460.00 lb) Other Basle School Fund Receipts 139,736.00 718.22 764.03 , 1,032.80 32.0 Common (Irreducible) ' i School Fund 1,302.00 5.141.32 Mcs. 1.280.00 l.ono.oo 400.00 Driver Education 4M.0O 578.10 1,845.53 1,000.00 Other 1,800.00 Milk 10. Sale of Property and . O1 3,069.45 insurance Adjustments -t - 8,966.08 7,919.36 Less Transfera ' " 330,427.56 337,678.89 166.421.80 Total Receipts 169,273X10 1000137.41 104,136.16 75,000.00 Beginning Net Cash '' Balance (or Deficit) Less Cash Working Fund 45,323.00 430,964.97 441,835.05 241,421.80 Total Budget Resources rr" General Fund ai4.6M.TI0 GENERAiTfI'NO ,,in; ESTIMATED EXPENDITURES Schedule III Expenditures for Two Fiscal Years Next Pre ceding Current School Year Budget PIsealYear Fiscal Year Allowance Ending Ending Current Item June 30, 1960 June 30, 1961 Fiscal Year I MAXWELL HOUSE COFFEE WAS INCORRECTLY f ADVERTISED AT 2 LBS. 79c I Correctly This Should Have Bead I MAXWELL HOUSE COFFEE 2-Lb. Tin PET IHST. DRY MILK 1: qi. .98 Closing quotations as of 3-15-02 Mutual Funds (Last available prices ai reported by Zilka, Smlther & Co., Eugene Office). Bid Aberdeen NA Aff. Fund 8.53 Boston Fund 19.83 21.67 Bullock 14.37 13.75 Canadian Fund 18.64 20.17 Century Shs. 14.68 Chemical Fund 12.28 Colonial Crwth 4 Enrgy 14.82 Colonial Fund 12.12 Com Inv. Co 10.47 11.44 Diver Growth 10.78 11.81 Dividend Shs 3.60 3.95 Drevfus Fund 17.97 19.53 Fidelity Csp 19.49 21.18 Finan. Indust NA Fund Inv 10 52 Avla Elec Grp Sees 8 72 Inc. of Boston 8.09 Incorp. Inv. 8.09 Keystone S-3 -- 15.65 Mass Inv Growth 9.04 Mass Inv Trust 15.52 Nat'l Inv 1682 18.18 Natl Stock 9.02 9.86 One Wm. St NA Pioneer 10.20 Putnam 16.42 Putnam Growth 9.92 Telev 4 Elec 8.78 United Accum - NA United Inc NA Value Line Inc 5.52 Wellington 1536 Wellington Ea. 16.83 Ask 9.23 16.04 13.23 16.20 13.2: 11.53 956 884 9.06 17.08 9.88 16.96 11 09 17.85 10.78 9.57 The following bid and asked quo tations from the Natio.ial Assn. of Securities Dealers do 'lot represent actual transactions. They are a guide to the range within which these securities cou'd have been bought or sold at t'te time of com-Dilation. BID Alberthons 15 Arden Fsrm. Com 15"4 BankofAmcr. ..56"4 Big "C" Stores ' 4'i Cas. Nat.Gas 15s Cascade Ply 34W Consol Flways 14'.4 Equitable S&L 44 First Nat'l 68 Fred Mover 12 Hysler, Com 23V, Janfzen.Com 33"4 Kaiser Steel 32 Koehrlng 12 MorrlsonKnud 335s N W. Nat. Gas 34 Oregon Met ls Ore. Ptlnd Cem Pac Inmtn Exp ISH P PAL. Com 32 Pope It Talbot 25 Port Gen Elec MV4 Port Trsns Com 13' a Seattle First Nat'l 7iV4 Thrifty Drag 46-') Tollvcraft 5 United Pacific 37'4 U.S. Natl Bank 79' Warren Bros. 24'i Wash. Nat. Gas 36' s West Coast Tel 42 '4 West Nat. Gas 1S-H ASK I6V4 l-'a 59 'e 5 16', 154 47'-. 72'"4 13 23"s 35' MH 13 35'4 36' s 2 li'4 33's 27. 61 h I4H 75"4 50' 61-4 40'., 84 "4 6 03 16.74 18.29 Weyerhseuser 38', 43. ID', 37 IRISH-SWB1 8o.VilIamette Fnnklin Blvd. W. 11th W. 6th t- WANTED People with Good Crtdit '62 PLYMOUTH $149 Dow '62 VALIANT $99 Down ayrM"!3a) llMtM!fs?, I I I ii' 4p Portland Grain PORTLAND (UPD While wheat 2.06. Soft white, hard applicable 2.06. White club 2.06. Hard red winter 2.19. Hard white baart, ordinary no bid. Oats no bid. Barley 52.00. OREGON EGO PRODUCERS Jumbo A 53c Extra Large AA ..... 48c Extra Large A . 47c Large AA ... 43c Large A 44o Medium AA 42c Medium A 41c Small AA 34c Legols NOTICE TO CREDITORS Notice is hereby given that the undersigned has been appointed executor of the estate of William N. Russell, decoased, by the Cir cuit Court of the State of Ore gon for Lane County. All per sons having claims against the said estate aro hereby notified to present the same duly verified and with proper vouchers, to the undersigned at the offices of Calkins & Bryson, 1163 Olive Street, Eugene, Oregon, within six months from the date of the first publication of this notice. Date of the first publication of this notice is February 16, 1962. THE FIRST NATIONAL BANK OF OREGON, PORTLAND By: W. R. CLIFFORD Assistant Trust Officer No. 4978 March 16. 1962. INVITATIbfT"FOR BIDS Notice Is hereby given thst sealed btda wlU be received by Olga Freeman, Lane County Clerk, at the Court House, Eu gene, Oregon until 10:00 a.m. March 30. 1962 for 33,000 Repub lican Ballots, 40,000 Democratic Ballots, 74,000 Judiciary Ballots and 74.064) Measures Ballots, all in accordance with specifications now on file In said Clerk's Of flee. The bids will be opened publicly at 10:00 a.m. March 30, 1962 In the County Commission ers' Room, Court House, Eugene, Oregon. The County reserves the Lego Is fight to accept bids with minor deviations from specifications or lo reject any or all bids. No bid der may withdraw his bid after the hour set for the opening thereof, or before award of the contruct, unless said award Is delayed for a period exceeding 30 days. All envelopes should be plainly marked "BIDS" on the outside. Each bid must be accom panied by a certified check or bid bond for 10 of the bid price, to be forfeited If the bid Is accepted and contract not per formed. BOARD OF COUNTY COMMISSIONERS, By Jess Hill, Frank Elliott and Kenneth Niel sen, County Commissioners. No. 251 March 23, 1962 NOTICE TO CREDITORS Notice Is hereby given that the undersigned has been appointed executor of the estate of Diana Abrams, deceased, by the Circuit Court of the State of Oregon for Lane County. All persona having claims against the aald estate are hereby notified to present the same duly verified and with proper vouchers, to the under. -signed at tlio offices of Calklna at Bryson, 116.'! Olive Street, Eugene, Oregon, within six months from the dato of the first publication of this notice. Date of Hie first publication of this notice Is February 16, 1962. I.OY W. ROWLING, Executor No. 4976 March 16, 1982. NOTICE OF HCHOIII. MEETING Notice is hereby given to the legal voters of Plessant Hill achool dis trict No. 1 of Lane County, State of Oregon, that a SCHOOL MEETING of the said district will be held at Administration Bldg. on the 2nd day of April, 1962, at 7 till 8 o'clock p.m., for the purpose of discussing the budget for the fiscal year beginning July 1, 1962, and ending June 30, 1963, hereinafter set forth. BUDGET FISCAL YEAR 1962 1963 Schedule T Summary of Estimated Expenditures, Receipts and Available Cash Balances, and Tax Levies ( Total All Funds (2) Bond rnterext and General Redemption Fund (3) (i) Milk Hrhonl Lunrh Fund (5) Bus Fund (6) 609,414.25 513,765.79 64.8115.00 3,'W0.00 27,753.46 61:9,414 25 513,765.79 64.895.110 3,000.00 27,753.46 Estimation of Tax Levy (I) 1. a. Total Estimated Expenditures c. Total Estimated Expenditures and Reserve DEDUCT- 2 Total Estimated Receipts and Avail- able Cash Balances 243,354.46 214.601.00 3. Amount Necessarv to Balance the Budget 364,059.79 299,164.79 ADD: 4. Estimated Amount of Taxes That Will Not Be Collected During Ihe Fisyil Year for Which This Budgot Is Made. Including Estimated Rebate on Taxes 5. Total Estimated Tax levies for Ensuing Fiscal Year 375,481.58 308.639 73 6. Ibi Amount Oulslde 6', Limitation 310,586.58 308,639.73 IC) Not Suhlect to . 6'i Limitation 64.89S.U0 B. Cash Working Fund (Schedule VI D) (23,451.72 Approved by Budget Committee C. Approved March 7. 1962. INDEBTEDNESS 1. Amount of bonded in- ERNEST SCHRENK JR. ' debtednese (Include all Secretary, Budget Committee negotiable Interest bearing warrards Issued Wm. W. BKRO under OR8 321 205) 1638,000 00 Chairman, Budget Committee 64,89500 11,421.79 9,474.94 1,946 85 66,841 85 64,893.00 3,000.00 27,753.46 I (1) 8,100.00 4,500.00 745.47 303.87 300.00 229.13 3011.00 162.00 (2) 8.500.00 4,700.00 860.8.1 228.80 75.00 1,160.31 586.01 450.01) 23.00 (3) EstimstWT'. ExpenditurtM Ensuing- -Fiscal Year (5)'" 14,640.47 17,583.95 16,750.00 (41 ADMINISTRATION 8,800.00 111 Superintendent's Office fUOp.QO 5,000.00 112 Office of Business Administration 5,300.00 950.00 120 Supplies 750,1)0 400.00 141 Elections and Publicity 4O0.00 142 Census Enumeration 105.00 350.00 143 Legal Service 350.00 500.00 144 Audit 635 IM) Travel 440.00 190 Other Expenses ot Ad ministration 400O6 Total Administration .,.,-. Expenses 17,600 450.00 300.00 INSTRUCTION 7,000.00 7,500.00 18,300.00 1,400.00 879.00 800.00 159485.00 175,079.00 237,160.00 2,515.25 4,200.00 7,100.00 1,661.00 1,286.00 3,500.00 250.00 6.750.45 4,471.33 8.000.00 1,018.87 6,566.38 7,630.00 625.12 640.34 1,870.00 804.93 330.00 S.098.91 3,427.11 6,100.00 187,434.61 204,650.00 286,160.00 14,360.30 80000 2S7.OU.00 214 Other Instructional Staff ants. Directors Assistants Substitute Teacher Handicapped Driving Training cals, Audiovisual Aids Travel ) Other Expense of Instruction Total Expense of Instruction 7,700.00 3,500 150.DO 800.00' 8.000.00 5,630.00 ( 1,023.00 ' 550.00 , 7,279.79 ' 317,745.70 , ATTENDANCE AND HEALTH SERVICES 258.30 378.07 400.011 420 Supplies 400.00 238.30 378.07 400.00 Total Attendance and Health Services 4O0 (tO 18.850.25 7,616.92 1.049.21 27,516.38 19,565.33 8,546.71 13,365.(10 1,140.98 42,816.04 PUPIL TRANSPORTATION SERVICES 30,000.00 510 Salaries 24.000 00 10,000.00 521) Supplies and Repairs 10,000.00 5.13 Replacement of Vehicle 1,500.0(1 652 Transportation Insurance lOO.fJO 41,500.00 Total Pupil Transpor- tatlon Services 35,500.00 OPERATION Or PLANT . 21,785.04 22.310.00 24,500.00 610 Salaries 28.9J0.fl0 1.520.26 1,933.15 3,5110.00 620 Supplies 3,350.00 3,164.15 3.534.53 6.500.00 628 Fuel for Heat 6,500.00 4,117.73 4,070.16 8,000.00 630 Utilities except Fuel B.OOO.OO 308.39 704.23 1,000.00 lJOO.'OO 30,985.57 32,572.07 43,500.00 Total Operation of Plant 48,300.100 MAINTENANCE OF PLANT 9.770.20 4,859.62 8.248.51) 4,971.12 14,630.02 13,219.71 710 Salaries 10,000.00 720 Materials and Supplies 10,000.00 735 Replacement of Equip ment 736 Contracted Service Total Maintenance of 20,000.00 Plant 4,900.00 8,000.80 n.ooo.flo l,30i00 22,200.00 18,228.93 15,818.73 2.647.89 17,876.78 2,743.6.1 18,562.36 FIXED CHARGES 20,000.00 851 Retirement and Social Security Expensa 22,000,00 0.000.00 S5i Insurance 5,000,00 25.000.00 Total Fixed Chargei 17,000.00 CAPITAL OUTLAY lie 4,520.91 1.338.17 5,859.08 3,719.05 1,631.66 6,950.71 1272 Sites and Site Addition! 1276 New Buildings and ic Additions 25,420.00 11.378.00 1278 Equipment 8,410.00 1, 850.110 Library Books ' ' 3,oaooo 13,028.00 Total Capital Outlay ' 36,880X0 100.00 100. Ill DEBT SERVICE Interest Total Debt Service 299,221.21 336,736.00 10,000.00 EMERGENCY TOTAL GENERAL FUND 456.438.00 EXPENDITURES BOND INTEREST AND REDEMPTION FUND ESTIMATED RECEIPTS AND BEGINNING CASH BALANCE ' 10$ Jh) 100410 8,0006 sa 613,7ffflr,. Schedule IV Actual Budget Fiscal Year Fiscal Year Allowance Ending Ending Current June 30, 1960 June 30, 1961 Fiscal Year (1) (2) (3) 31,022.17 25478.50 Total Receipts 13.236.82 44,258.99 26.000.00 4,128.75 30,128.75 July 1, 1962 to June .10, sssriTv EstlmaMn. ' Fori : Knsulnfc " Item Fiscal Yefer Beginning Net Cash Balance i (or Deficit) 2 , Total Budget Resources ESTIMATED EXPENDITURES 1381.1 Principal on Bonds (Include negotiable In- terest-beating warrant : Issued under x ' 16,000.00 41,400.00 ORS 828.260) 41,00000 9,717.48 15,240.07 1382 Interest on Bonds 23,899.00 28,717.48 66,640.07 Totsl Expenditures 64,899.00 Mil K 14,130.24 39,708.74 ESTIMATED RECEIPTS AND BEGINNING CASH BALANCE Schedule V Actusl Budget Flsral Year Fiscal Year Allowance Ending Ending Current June 30, 1960 June 30, 1961 Fiscal Year (I) (2) (1) 1,183.14 U02.45 1,200.00 M I 1.641.26 2,824.40 1,767.04 3,069.49 1. 7110.110 2,9110.00 Estimated - For - Ensuing Hem Fiscal Year (4) W.-" 36 Federal Money Received Through State 1,20(1.11' 77 Sale of Lunches l,B(tn.lH. Total Receipts 3jm00 ESTIMATED EXPENDITURES AND RESERVE 2.643.77 2,919.36 2,000.00 921 Food 3.0O0TJ0 2,643.77 2,900.00 Total Estimated Expenditures -t ' Reserved for Expenditure In FutuTs) Years - 4 ' 190.13 Schedule VI CASH WORKING FUND A. Cash Bslsnce In Cash Working Fund During Current Flscel Ycsr Years Total Expenditures and n Reserve 3,000)0 BUS FUND ESTIMATED RECEIPTS AND BEG1NNINO CASH BALANCE Schedule VIII Actual Rudget Flsral Year Fiscal Year Allowance Ending Ending Current June 30, I960 June 30, 1961 Flscsl Year (!) (2) (3) 9,559.77 17,179.90 26,939.27 28,939.27 16,939.27 32.607.43 Estimated -For Ensuing - I'm Fiscal Vwr (4) (5'S Total Receipts ' s s.- Beglnnlng Net Cash - Balance (or Deficit) 17,78840 - 32307.43 Total Budget Resources ESTIMATED EXPENDITURES AND RESERVE Total Estlmsted 1H 32,807.43 Expenditures 17,7U4 Reserved for Expenditure In Future) 26,939.27 Years Total Expenditure and 26,939.27 26,939.27 32.607.43 Reserve 17,7BoV4 BUILDING RESERVE FUND , Schedule IX ESTIMATED RECEIPTS AND BEGINNING CASH BALANCE Actual Rudget Flsral Year Flsral Year Allowance Ending Ending current June 36. I9H June 30, 1961 Flsral Year (II (2) (3) 241)34 8,000.00 7.991 2 8,231.94 firm (4) Total Receipts Beginning Net Cash Balanca (or Deficit I Estimated. . For. Ensuing; Fiscal Year (3) (.211.54 84.11.54 No. 243 March 13, 1962 8.231.94 13.353 01 13,231.54 13,355.01 Total Rudget Resouares ESTIMATEDEXPENDlTl.ftES AND RESERVE 13.335.01 Total Estimated Expenditure Reserved for Expendltura In 13.231.94 Future Years 13,335.01 Total Expenditures and Reserve .