Virginia Department of Education  - Annual School Report

Table 10
Literary Fund of Virginia

1997-98

A. Securities Belonging to the Literary Fund        
In the Hands of the State Treasurer Under the        
Control of the Board of Education        
As of June 30, 1998        
         
Cash in Bank and Investments, June 30, 1998     58,333,858 
School Loan Bonds       55,189,976 
      113,523,834 
         
         
B. Statement of Principal        
         
Balances as of July 1, 1997     170,306,922 
         
Revenues:        
Fines and Forfeitures 43,741,117     
Unclaimed Property   36,875,973     
Interest Earned   12,604,355     
Virginia Public School Authority (Repayments)   33,794,338     
         
Subtotal     127,015,783 
         
Transfers:        
Virginia Supplemental Retirement System 32,268,826     
Virginia Public School Authority   138,664,991     
Interest Rate Subsidy   12,865,054     
         
Subtotal     183,798,871 
         
Balance as of June 30, 1998     113,523,834 
         

Last Updated on 9/21/1999
By Virginia Dept. of Education