REPORT. TREASURY DEPARTMENT, Washington, D. C., December 4, 1876. SIR: Complying with the requirements of law, I have the honor to submit the following report: RECEIPTS AND EXPENDITURES FOR THE FISCAL YEAR ENDING JUNE 30, 1876. The moneys received and covered into the Treasury by warrants dur ing the fiscal year ending June 30, 1876, were as follows: From customs... From internal revenue. From sales of public lands. From tax on circulation and deposits of national banks... From repayment of interest by Pacific Railway com panies... From customs' fines, penalties, &c. $148, 071, 984 61 116, 700, 732 03 1, 129, 466 95 7,328, 573 29 718, 179 96 183, 797 86 1,026, 346 08 From fees-consular, letters-patent, and land... 2,009, 280 92 190, 160 29 From proceeds of sales of Government property From marine-hospital tax. From steamboat fees. Total net receipts Balance in Treasury June 30, 1875, including deposits of coin and United States notes represented by certificates outstanding. Total available cash.... 1,852, 714 94 345, 679 92 265, 583 65 1,741, 117 81 317, 584 00 1,877, 291 05 283, 758, 493 36 3,723, 545 80 287, 482, 039 16 6, 613, 826 12 294, 095, 865 28 144, 702, 416 41 438, 798, 281 69 Expenditures. The net expenditures by warrants during the same period were— For civil expenses.. For foreign intercourse For Indians.. For pensions.. For military establishment, including fortifications, Total net expenditures.. Redemption of the public debt.. $51, 889464, 80 $17, 232, 248 83 1, 410, 252 50 5, 966, 558 17 28, 257, 395 69 38, 070, 888 64 18, 963,309 82 48, 315, 872 45 100, 243, 271 23 258, 459, 797 33 Total net disbursements Balance in Treasury June 30, 1876.. Total... 6, 641, 287 26 This statement shows that the net revenues for the fiscal year were And that the net expenditures were. Leaving a surplus revenue, exclusive of provision for the sinking fund, of ... 258, 459, 797 33 29, 022, 241 83 In the last Annual Report, page VI, the Secretary stated that in the judgment of the Department the revenues for this fiscal year would reach the sum of $297,456,145 14, and the expenditures the sum of $268,447,543 76, showing that there would be a surplus revenue of $29,008,601 38. By the statement of actual receipts and expenditures for this fiscal year it will be seen that the revenues yielded $287,482,039 16, or $9,974,105 98 less than the estimate, and that the net expenses amounted to $258,459,797 33, or $9,987,746 43 less than was anticipated, exhibiting a surplus revenue of $29,022,241 83, or $13,640 45 in excess of the amount contemplated. It will thus be perceived that the estimates, when taken as a whole, were remarkably reliable, varying from the actual results realized by the Treasury only to the extent of $13,640 45. RECEIPTS AND EXPENDITURES FOR THE FISCAL YEAR ENDING JUNE 30, 1877. The receipts during the first quarter were— From customs... From internal revenue. From sales of public lands.. From tax on circulation, &c., of national banks. From consular, patent, and other fees.. From proceeds of sales of Government property Net ordinary receipts. Premium on sales of coin Proceeds of bonds of 1881, Geneva award. Total net ordinary receipts.. Balance in Treasury June 30, 1876. Total available... The expenditures during the same period were- For military establishment, including fortifications, Total ordinary expenditures Redemption of the public debt........$3, 618, 648 77 Total expenditures... Balance in Treasury September 30, 1876. Total For the remaining three quarters it is estimated that the receipts will be From customs. From internal revenue. From sale of public lands. $89, 445, 271 47 91, 511, 653 63 -800, 000 00 From tax on national banks.. From reimbursement by Pacific railways From customs' fines, penalties, and forfeitures From consular, patent, and other fees From proceeds of sales of public property From miscellaneous sources, including premium on coin... Total net receipts. $3,600, 000 00 300, 000 00 75,000 00 1,200, 000 00 250,000 00 4, 000, 000 00 191, 181, 925 10 For the same period it is estimated that the expenditures will be For civil and miscellaneous, including public build ings For Indians.. For pensions. For military establishmen* For naval establishment. For interest on the public debt. Total ordinary expenditures. $39, 000, 000 00 4,000,000 00 20, 000, 000 00 26, 500, 000 00 7,500,000 00 61,876, 860 09 158, 876, 860 09 It will be observed from the statement of actual receipts and expenditures for the first quarter, that ending September 30, and of the estimates of the same for the remaining three quarters, based upon existing laws, that it is expected that the revenues for the current fiscal year will yield the sum of $264,292,449 59, and that the expenditures will amount to $237,628,753 35, which will leave a surplus revenue of $26,663,696 24. The amount which should be applied to the sinking fund is estimated at $33,705,806 67. The surplus revenues will fall below that amount, in the opinion of the Department, by not less than $7,042,110 43. ESTIMATES FOR THE FISCAL YEAR ENDING JUNE 30, 1878. It is estimated that the receipts for the fiscal year ending June 30, 1878, will be From customs.. From internal revenue.. From sales of public lands From tax on circulation of national banks From reimbursement of interest by Pacific Railway companies. From customs' fines, penalties, and forfeitures. Total ordinary receipts... $130,000,000 00 123, 000, 000 00 1,200, 000 00 7,350, 000 00 350,000 00 150, 000 00 2,250,000 00 250,000 00 5,500,000 00 270,050, 000 00 |