EXPENDITURES AND SURPLUS DECREASES:

Appropriations .............................

$13,252,588.67

$15,885,014.57

Less Reversions...................

34,433.70

$13,218,154.97

Central Purchasing Bureau Revolving Fund —

Condemned Goods .........................

91.15

Bond Issues Sold:

General Bond Issue of 1935 .................

$55,000.00

Emergency Bond Issue of 1935..............

1,500,000.00

Emergency Reconstruction Bond Issue of 1936.

1,500,000.00

Bond Issue Delivered to the Teachers' Retirement

System of Maryland .......................

350,000.00

Total Expenditures and Surplus Decreases....

$13,218,246.12

$15,885,014.57

$3,405,000.00

NET SURPLUS INCREASE FOR THE FISCAL

YEAR ..................................

608,273.57

9,248,304.22

SURPLUS SEPTEMBER 30, 1936...............

$1,182,799.59

$146,433,285.63