1920 REPORT OF THE TREASURER OF STATE FOR THE BIENNIAL PERIOD JULY 1, 1918, TO JUNE 30, 1920 EDWIN H. HOYT STANFORE LIBRARY Published by THE STATE OF IOWA Des Moines 406380 FINANCIAL REPORT. STATE OF IOWA, TREASURY Department, DES MOINES. Hon. W. L. Harding, Governor: SIR. In accordance with the provisions of Section 107 of the Code of 1897, I have the honor to present herewith a report of the transactions of the Treasury Department for the biennial period ending June 30, 1920. July 1, 1920. EDWIN H. HOYT, Treasurer of State. REPORT OF STATE TREASURER The transactions of the State Treasury Department have been steadily increasing in volume, with consequent increase of labor and responsibility in the conduct of the office. The demands on the State Treasurer, in relation to the collection of the collateral inheritance tax, have enormously added to the work of his department, and the method of having all fees and receipts of every kind turned into the state treasury and all expenses paid direct from the general revenue fund has enhanced the volume of transactions. The increase in volume of business done, as shown by the aggregate of the accounts handled, is indicated by the following comparative table of total payments out of the General Revenue Fund of the state for the last eight periods: 1903 biennial period ending June 30th, 1905.. 1905 biennial period ending June 30th, 1906. 1906 year period ending June 30th, 1907... 1908 biennial period ending June 30th, 1910. 1910 biennial period ending June 30th, 1912. 1912 biennial period ending June 30th, 1914. 1914 biennial period ending June 30th, 1916.. 1916 biennial period ending June 30th, 1918. 1918 biennial period ending June 30th, 1920.. $ 6,552,407.34 7,845,942.85 4,262,803.00 8,755,218.56 9,031,757.46 10,352,939.01 14,010,042.54 18,923,461.36 34,133,877.19 COLLATERAL INHERITANCE TAX. The State Treasurer is charged with the duty of collecting the inheritance tax, and a compilation of the receipts taken from the several biennial reports shows a very marked increase in revenue from this source. The amount collected for each period was: For the period ending June 30, 1901... .$ 196,464.54 234,664.76 283,443.05 190,747.62 341,359.93 447,179.40 490,809.46 637,131.39 697,368.48 873,394.28 1,224,212.63 |