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<br />The rate of tax increased frorri 57'0 to 6% effective January 1, 1960,
<br />consequently the October 1960 payroll deduction is shown as $3.00.
<br />Schedule I also reflects the $1.00 due the Secretary caused by the under-
<br />:-;t<lt~ment of the amount on check N,D. 304.
<br />
<br />Travel expense of the Secretary for the fiscal year ending October
<br />,1. 1960 amounted to $101.92 or 1274 miles at $0,08 per mile,
<br />
<br />Paym<?nts made to the U. S. Treasurer totaling $69.00 during the
<br />>'car were accompanied by rebtcd returns reflecting the Old-Age and
<br />Survivor's Insurance information on the Secretary. During the phase of
<br />the examination, it was noticed the old rate of 5 % was used for the
<br />,gecond quarter of 1960, but the additional $3.00 liability was remitted
<br />:llong with the regular third quarter payment.
<br />
<br />Expenditures to the U. S. Geological Survey for the year under
<br />review totaled $2,175.00 and consisted of:
<br />
<br />March 5, 1960 (Period 10/1/59-12/31/59-2nd Qtr,)
<br />Agreement based on $2,900,00 per annum) _.... ,$ 725,00
<br />
<br />Ma\' 3_ 1960 (Period 1/1/60-3/,1/60-3rd Qtr,)
<br />Agreement based on $2,900,00 per annum) ____.... 725,00
<br />
<br />Jull' 16, 1960 (Period 4/1/60-6/30/60-4th Qtr.)
<br />Agreement based on $2,900,00 per annum) ....___..______.., 725,00
<br />
<br />TOTAL _
<br />
<br />"'.."......................______..___,......,....$2.175,00
<br />
<br />Cash in bank at Octoba 31, 1960, per Schedule I, amounting to
<br />$4,961.99 \'\'as reconciled to the amount directly confirmed by the First
<br />National Bank in Lamar, Colorado. Funds availahle for general use of
<br />the next year amount to $4,957.99.
<br />
<br />The following summary compares the Administration's financial
<br />pn~itinn at October 31, 1960 with that of a year ago.
<br />
<br />COMP.'\RATIVE BALANCE SHEET
<br />
<br />Clsh in bank ..______..______________,__,______
<br />Equipment (Portable typewriter)
<br />
<br />Oct, ,1,
<br />1960
<br />
<br />,.....$4,961.99
<br />92.50
<br />
<br />Oct. 31, Increase
<br />1959 (Decrease)
<br />
<br />$4,610,94 $351.05
<br />92.50 -0-
<br />
<br />ASSETS
<br />
<br />T ot;11 Assets
<br />
<br />....,..$5,054.49 $4,703.44
<br />
<br />$351.05
<br />
<br />CAPITAL
<br />Uncxpanded fund balance
<br />Expended iund balance for
<br />equipment ..____.________._......._..__
<br />
<br />, ,.. ,,________$4,961.99
<br />
<br />$4.610,94
<br />
<br />$351.05
<br />
<br />92.50
<br />
<br />92,50
<br />
<br />-0-
<br />
<br />Total Capital _..,___.._____..
<br />
<br />...,$5.054.49 $4,703.44 $351.05
<br />
<br />16
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