EUGENE 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 .