in 1946. The balance in that ac count at June 30. 1947 was $64. 967. representing cash value and accrued interest to that date. On June 30, 1950 bonds having a cash value of $59,844 were sold. That left bond.- with a maturity value of $10,000, which were held until November, 1954 when they were redeemed. Proceeds from the sale of these, which headed off deficits temper-, arily. were credited to the Gener al Fund, then transferred to the school fund by resolution of the board of supervisors. Bonds Sold The sale of the bonds produced excess revenue similar in amount to that produced by a 70-cent. in crease in real and personal pro- ; prrty taxes for one year T'Iip county's first advertised 'actually budgeted deficit' was for the 1956-57 year, when it was estimated to l>e $23,266, in spite of a $50,000 surplus in the general fund at the start of the fiscal year July 1, 1956, About a $50,000 deficit is fore seen for the county at June 30. 1958. if expenditures requested for thp new vear an’ retained and 'Continued on pa0c

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