University System of Georgia financial report for the year ending June 30, 1949

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lINIVEHSIIi S Y S T E M OF G E O R G I A

FINANCIAL REPORT
FOR THE YEAR ENDING J U N E 30, 1949

Received
SEP 12 879
DOCUMENTS UGA LIBRARIES

Regents of the University System of Georgia 20 Ivy Street, S.E. Atlanta, Georgia

U N I V E R S I I S Y S T E M OF G E O R G I A
FINANCIAL REPORT FOR THE YEAR ENDING
J U N E 30, 1949
Regents of the University System of Georgia 20 Ivy Street, S.E. Atlanta, Georgia

REGENTS, UNIVERSITY SYSTEM OF GEORGIA
20 IVY STREET, S.E. - ROOM 400 - ATLANTA

DISTRICT

REGENT

ADDRESS

State at Large

Jo h n J,, M c D o n o u g h O c t o b e r 8, 1947

J a n u a r y 1, 1953

Georgia Power Company Rome

State at Large

Al b e r t S,, Ha r d y F e b r u a r y 26, 1945 - J a n u a r y 1, 1950

Gainesville

State at Large

Frank M 0 Spratlin J a n u a r y 1, 1946 - J a n u a r y 1, 1953

78 Marietta S t . , NW, Atlanta

State at Large

Hughes Spalding

434 Trust Co. of Ga. Bldg.,

J a n u a r y 10, 1949 = J a n u a r y 1, 1956

Atlanta

State at Large

Carey Williams J a n u a r y 10, 1949 ~ J a n u a r y 1, 1955

Greensboro

First

James Peterson J a n u a r y 10, 1949 - J a n u a r y 1, 1955

Soperton

Second

HoLo Wingate J a n u a r y 1, 1947 = J a n u a r y 1, 1954

307 Bibb Building, Macon

Third

Cason Jo Ca l l a w a y J a n u a r y 1, 1944 - J a n u a r y 1, 1951

Hamilton

Fourth

R o bert 0=, A r n o l d J a n u a r y 10, 1949 = J a n u a r y 1, 1956

Covington

Fi fth Sixth

R u t h e r f o r d L. Ellis J a n u a r y 1, 1947 => J a n u a r y 1, 1954
M i l l e r R. Bell J a n u a r y 1, 1943 - J a n u a r y 1, 1950

P.Oo Bdx 1111, Atlanta
Milledgeville

Seventh

Roy No Emmet J a n u a r y 1, 1945 - J a n u a r y 1, 1952

Cedartown

Eighth

Francis Stubbs, S r c J a n u a r y 10, 1949 = J a n u a r y 1, 1950

Douglas

Ninth

Sandy Beaver J a n u a r y 1, 1945 - J a n u a r y 1, 1952

Gainesville

Tenth

W i l l i a m So M orris J a n u a r y 1, 1944 J a n u a r y 1, 1951

Augusta

OFFICERS OF THE BOARD OF REGENTS

C h a i r m a n 0 c. o <> <> . H u g h e s .S p a l d i n g

Vice Chairman

. M i l l e r R. Bell

Chancellor

. . . ,,Harmon W,, Caldwell

A s s i s t a n t To The C h a n c e l l o r . . ,, . J o h n E. Sims

E x e cutive S e c r e t a r y . 0 . 0 . 0 0 0L. R 0 Siebert

T r e a s u r e r . . . . . . . . 0 . . .W 0 Wil s o n No y e s

TABLE OF CONTENTS

S U M M A R Y ............. ......................... ... .......... ,,..... .......... ......... ,,..... 6-14

C O N S O L I D A T E D S T A T E M E N T S ............................................... ......... .....15-21

U N I V E R S I T Y SY S T E M O F G E O R G I A - G E N E R A L A C T I V I T I E S ............. ................... 23-28

T H E U N I V E R S I T Y OF GEORGIA, A T H E N S .......................................... ..........,,. 29-75

T H E U N I V E R S I T Y O F G E O R G I A - A T L A N T A DIVISION, A T L A N T A ........................... 77-84

T H E U N I V E R S I T Y O F G E O R G I A - S A VANNAH DIVISION, S A V A N N A H ...................... ...85-92

G E O R G I A INSTITUTE O F TECHNOLOGY, A T L A N T A ......................................... 93-117

U N I V E R S I T Y O F G E O R G I A SC H O O L O F MEDICINE, A U G U S T A .......... ................ .. 119-129

N O R T H G E O R G I A COLLEGE, D A H L O N E G A .................................................. 131-142

G E O R G I A S TATE C O L L E G E FOR WOMEN, M I L L E D G E V I L L E .... ..... ........................ 143-155

G E O R G I A T E A C H E R S COLLEGE, S T A T E S B O R O ............................................. 157-165

G E O R G I A STATE W O MANS COLLEGE, V A LDOSTA..........................................,, 1 6 7 - 1 7 5

G E O R G I A SOUTH W E S T E R N COLLEGE, A M E R I C U S ....................................... ... 177-185

W E S T G E O R G I A COLLEGE, C A R R O L L T O N ... ............. ............... ................. . 187-196

M I D D L E G E O R G I A COLLEGE, C O C H R A N .................................

197-204

S O U T H G E O R G I A COLLEGE, D O U G L A S ....................... ...........-... -.......... 2 0 5 - 2 1 4

A B R A H A M B A L D W I N A G R I C U L T U R A L COLLEGE, TIFTON..,,... ..... ...... ...................215-226

G E O R G I A E X PERIMENT STATION, E X P E R I M E N T ................... ..................... 2 2 7-235

G E O R G I A C O A S T A L PLAIN EXP E R I M E N T STATION, T I F T O N .............................. 2 3 7-245

A G R I C U L T R A L E X T E NSION SERVICE, A T H E N S .......................................... 2 4 7-256

A L B A N Y S TATE COLLEGE, A L B A N Y ....................... ..... .......... ........... ... 2 5 7 - 2 6 4

F O R T V A L L E Y ST A T E COLLEGE, FO R T V A L L E Y ............ .......... .................. 2 6 5 - 2 7 6

G E O R G I A STATE COLLEGE, S A V A N N A H ...........................................

277-285

SUMMARY

The financial report contained herein pertains to the financial operations of the units of the University System of Georgia for the fiscal year ended June 30, 1949. All statements and schedules have been prepared on a cash receipts and disbursements basis with the exception of the balance sheets, wherein all known assets and liabilities are included, and the statements of surplus which are computed on an accrual basis.

EDUCATIONAL AND GENERAL
Income - During 1948-49, the income realized for the educational and general operations of the University System amounted to $15,788,038. In addition to the operating income, the Regents allocated $134,250 to the various units for capital additions and improvements, making a total income for educational and general purposes of $15,922,288. This compares with a total realized income during 1947-48 of $18,728,272, of which $14,858,978 was for operations and $3,869,294 allocated for capital additions and improvements.

The various items of income for the past three years are compared in the following summary:

ITEM OF INCOME

1946-47

1947 -48

1948-49

Student Fees: Matriculation Non-Resident Tuition Summer Sessions Other Total Fees
Gifts, Grants and Endowment Governmental other than state
Allotment Sales and Services Other
Total Internal Income State (for operations)
Total for operations State (for capital additions)
TOTAL

$ 2,151,779 3,072,779 670,483 255,967
$ 6,151,008 $ 511,775

16.6% 23.7%
5.2% 2.0% 47.5% 4.0%

$ 2,520,569 3,547,532 887,623 274,618
$ 7,230,342 $ 387,715

17.0% 23.9%
6.0% 1.8% 48.7% 2.6%

$ 2,783,170 2,545,809 982,956 292,494
$ 6,604,429 $ 448,461

17.6% 16.1%
6.2% 1.9% 41.8% 2.8%

1,730,898 13.4% 968,066 7.5% 197,919 1.5%
$ 9,559,666 73.9% 3.382.348 26.1%
$12,942,014 100.0% 772.228 *

1,826,993 12.3% 1,235,112 8.3%
171,662 1.1% $10,851,824 73.0%
4,007,154 27.0% $14,858,978 100.0%
3,869,294

$13,714,242

$18,728,272

1,986,993 12.6% 1,068,613 6.8%
307,148 2.0% $10,415,644 66.0%
5,372,394 34.0% $15,788,038 100.0%
134,250
$15,922,288

The various sources of income for the past three years are compared in the following summary with the income for the year 1940-41:

SOURCE

1940-41

1946-47

1947-48

1948-49

Student fees Other Sources State (for Operations)
Total for Operations
State (for Capital Additions)

$1,631,054 31.8% $6,151,008 47.5% 1,718,782 33.6% 3,408,658 26.4% 1,771,179 34.6%3,382,348-- 26.1%
$5.121.015 100.0% $12,942,014 100.0%

$ 7,230,342 48.7% 3,621,482 24.3% 4 ,007,154 27.0%
$14,858,978 100.0%

$ 6,604,429 41.8% 3,811,215 24.2% 5,372,394 34.0%
$15,788,038 100.0%

569,306

772,228

3,869,294

134,250

TOTAL

$5,690,321

$13,714,242

$18,728,272

$15,922,288

To obtain a better view of the various sources of income by the classification of units the following comparison is made of the sources of income for the past three years with the income for year

1940-41:

6 - -

SOURCE

1940-41

1946-47

1947-48

1948-49

Senior Colleges Student fees Other Sources State (for Operations)

$1,425,021 476,997
1,106,262

47.4% $5,656,071 15.8% 1,552,687 36.8% 1,601,357

64.2% $ 6,445,050 17.6% 1,719,860 18.2% 2,170,360

62.4% $5,772,691 16.6% 1,694,267 21.0% 2,888,750

55.7% 16.4% 27.9%

Total for Operations $3,008,280 100.0% $8,810,115 100.0% $10,335,270 100.0% $10,355,708 100.0%

Medical College

Student fees

$ 41,237 22.1% $ 85,973 19.5% $

Other Sources

27,279 14.6%

112,931 25.6%

State (for Operations)

118,286 63.3%

242,211 54.9%

93,229 20.0% $ 101,952 15.3%

76,714 16.5%

94,157 14.1%

295,460 63.5%

470,000 70.6%

Total for Operations $ 186,802 100.0% $ 441,115 100.0% $ 465,403 100.0% $ 666,109 100.0%

Junior Colleges

Student fees

$ 104,936 28.0% $ 252,667 41.8% $

Other Sources

52,550 14.0%

65,619 10.9%

State (for Operations)

217,663 58.0%

286,238 47.3%

357,802 49.3% $ 272,321 37.9%

65,177 9.0%

71,701 9.9%

302,618 41.7%

375,400 52.2%

Total for Operations $ 375,149 100.0% $ 604,524 100.0% $ 725,597 100.0% $ 719,422 100.0%

Negro Colleges

Student fees

$ 59,860 21.0% $ 156,297 23.6% $

Other Sources

115,863 40.7%

77,776 11.7%

State (for Operations)

108,960 38.3%

429,597 64.7%

334,261 39.1% $ 457,465 41.3%

99,016 11.6%

127,596 11.5%

421,461 49.3%

522,494 47.2%

Total for Operations $ 284,683 100.0% $ 663,670 100.0% $ 854,738 100.0% $1,107,555 100.0%

Experiment Stations & Agric. Extension
Other Sources State (for Operations)

$1,045,689 87.0% $1,596,642 69.8% $ 1,657,697

156,709 13.0%

690,295 30.2%

659,382

71.5% $1,805,709

28.5%

803,550

69.2% 30.8%

Total for Operations $1,202,398 100.0% $2,286,937 100.0% $ 2,317,079 100.0% $2,609,259 100.0%

It will be noted from the above summary that student fees collected during 1948-49 have declined when compared with the previous year both as to amount and percentage as related to the total income. This decline in student fees is due entirely to the decrease of more than $1,000,000 in non-resident tuition which may be attributed tq a 10% decline in veteran enrollment and a decrease: in the adjusted tuition rate paid on behalf of veteran students by Veterans Administration. Income realized from other sources remained about the same as for the previous year. The state allotment allocated by the Regents for operations during 1948-49 increased substantially over the amount for 1947-48. It will be noted that although the total income for Educational and General purposes for 1948-49 was approximately $2,800,000 less than for 1947-48, the income realized for Educational and General operations was in creased by approximately $900,000 over the previous year. This is due to the fact that $3,869,294 was allocated during 1947-48 for capital additions; whereas, during 1948-49, only $134,250 was allocated for this purpose.

The amounts shown as income from the State in the above summaries represent the amounts actually allocated the various units of the University System by the Board of Regents and included in the financial reports of these units as income. The actual amount received from the State by the Board of Regents during 1948-49 was $5,786,256. This amount was composed of the following items:

-7-

Regular operations

$5,000,000

Special allotment for School of Medicine

170,000

Special allotment for operations

250,000

Special allotment for University of Georgia

15,000

Special allotment for Emergency Repairs

25,000

Purchase of Georgia Tech Bonds

214,256

.

University System Survey

55,000

Regional Council on Education

49,000

University of Georgia Endowment Funds

______ 8>000

TOTAL RECEIPTS

$5,786,256

With the receipt of the appropriation of $5,786,256 during 1948-49 and the Regents Contingent Fund of $9,508 at July 1, 1948, the Board of Regents had available $5,795,764 for allocation to the units of the University System. Of this available amount, the Regents allocated $5,764,527 to the units of the University System, increasing the Regents' Contingent Fund to $31,237 at June 30, 1949. The total amount allocated by the Regents was composed of the following items:

Educational and General Operations Purchase of Georgia Tech Bonds Capital Additions Auxiliary Enterprises University of Georgia Endowment Funds

$5,372,394 214,256 134,250 35,627
_____ 8,000

TOTAL ALLOCATIONS

$5,764,527

Expenditures - Educational and General operating expenditures of the University System for the year 1948-49 amounted to $15,208,562. In addition to the operating expenditures, $1,914,320 was ex pended for capital additions and improvements, making the total amount expended for all Educational and General purposes $17,122,882. The operating expenditures for 1948-49 increased approximately $1,000,000 over the amount of $14,203,940 expended for operations during 1947-48; whereas, the ex penditures for capital additions were substantially lower than the amount of $3,147,229 expended for this purpose during 1947-48. The total amount expended for all Educational and General purposes during 1948-49 was slightly below the amount of $17,351,169 expended for all Educational and General purposes during 1947-48,

The following is a summary of the expenditures for the year 1948-49 as compared with those of the last two years:

FUNCTION

1946- 47

1947- 48

1948-49

Administrative and General

$ 1,082,111 9.6%

Student Welfare

218,984 1.9%

Physical Plant

1,439,542 12.8%

Library

350,953 3.1%

Instruction

4,439,299 39.3%

Activities Related to Instruction, 725,981 6.4%

Research

1,017,566 9.0%

Agricultural Extension

1,519,854 13.5%

Extension

461,117 4.1%

Other

26,331 0.3%

Total for Operations Capital Additions

$11,281,738 100.0% 1,020,194

$ 1,360,625 9.6% 290,305 2.0%
1,619,165 11.4% 450,477 3.2%
6,068,509 42.6% 736,299 5.2%
1,414,574 10.0% 1,480,648 10.4%
663,019 4.7% 120,319 0.9%
$14,203,940 100.0% 3,147,229'

$ 1,464,887 9.6% 317,880 2.1%
1,774,723 11.7% 480,321 3.2%
6,012,058 39.5% 695,551 4.6%
1,703,229 11.2% 1,583,554 10.4% 1,086,207 7.1%
90,152 0.6%
$15,208,562 100.0% 1,914,320

TOTAL

$12,301,932

$17,351,169

$17,122,882

- 8-

All of the items of expenditure listed above reflect increases in amount over the prior year except Instruction, Services Related to Instruction and Other; these items showing a slight decrease. The most substantial change in percentages as related to the total expenditures occurs in Instruction and Extension. Instruction has decreased from 42,,6% of the total in 1947-48 to 39,5% of the total in 1948-49; whereas, Extension has increased from 4.7% of the total in 1947-48 to 71% of the total in 1948-49. The decrease in the percentage for Instruction is due in part to an amount of approximately $435,000 of instructional salaries payable at June 30, 1948, that was paid during 1947-48, thus dis torting to some extent the Instructional expenditure figure for 1947-48. If this item were eliminated the percentage for Instruction as related to the total for 1948-49 would be substantially the same as for 1947-48.
The operating expenditures for the past three years are compared in the following summary by classification of units with the operating expenditures for 1940-41:

CLASSIFICATION

1940 -41

1946-47

1947-48

1948-49

Senior Colleges

$2,909,627

Medical Colleges

167,408

Junior Colleges

350,800

Negro Colleges *

283,374

Exp. Station &Agric. 1,217,897

General Activities

70,150

58. 2% 3. 3% 7. 0% 5. 7%
24. 4% 1. 4%

$ 7,209,298 422,807 591,481 618,928
2,308,110 131,114

63. 9% 3. 7% 5. 2% 5. 5%
20. 5% 1. 2%

$ 9,530,506 469,741 736,625 923,776
2,358,339 184,953

67. 1% 3. 3% 5. 2% 6. 5% 16. 6% 1. 3%

$10,035,898 651,690 706,562
1,079,172 2,545,544
189,696

66.0% 4.3% 4.6% 7; 1% 16.7% 1.3%

01--*
0
(--*
00 0

TOTAL

$4,999,256 100. 0% $11,281,738

0% $14,203,940 100. 0% $15,208,562

As reflected in the above table, the operating expenditures of the Senior Colleges for 1948-49 as related to the total operating expenditures of the University System increased from 58.2% in 1940-41 to 66.0% in 1948-49: whereas, the expenditures of the Junior colleges decreased from 7.0% of the total in 1940-41 to 4.6% in 1948-49. By eliminating the expenditures of the Experiment Stations, Agricultural Extension Service, and General Activities from the total, it will be noted from the following table that the changes in the percentage of total expenditures as referred to above are re lated to the changes in the percentage of students enrolled at the various classes of Institutions.

CLASSIFICATION

1940-41

1946-47

1947-48

1948-49

Senior Colleges Medical Colleges Junior Colleges Negro Colleges

Cost 78.4%
4.5% 9.5% 7.6%

Enroll ment 77 1% 1.4% 12.9% 8.6%

Cost 81.5%
4.8% 6.7% 7.0%

Enroll ment 79.7% 1.2% 10.7% 8.4%

Cost 81.7%
4.0% 6.3% 8.0%

Enroll ment 80.0% 1.2% 9.5% 9.3%

Cost 80.5%
5.2% 5.7% 8.6%

Enroll ment 80.3% 1.3% 8.5% 9.9%

TOTAL

100.0% 100.0%

100.0% 100.0% 100.0% 100.0%

100.0% 100.0%

Financial Condition - The University System ended the fiscal year with an Educational and General surplus of $1,170,525 as compared with a surplus of $945,555 at June 30, 1948. All of the various institutions ended the year with a surplus except for two institutions having a deficit, one institution's deficit being of a substantial amount and the other a small amount,, The Restricted Fund Balance at end of the fiscal year amounted to $1,552,459 as compared with $2,955,806 at June 30, 1948. A large part of this Fund Balance represented unexpended Plant Funds, which are carried as restricted funds for accounting purposes.

The following is a summary of the Educational and General Balance Sheet as of the end of the fiscal year as compared with that of June 30, 1948:

-9-

ASSETS

June 30, 1948 June 30, 1949

Cash on Hand and In Ranks Accounts Receivable Investments (Temporary) Other Assets

$1,725,205 892,408
1,944,786 112,227

$ 981,250 861,581
1,500,703 10,308

TOTAL ASSETS

$4,674,626

$3,353,842

LIABILITIES AND SURPLUS

June 30, 1948 June 30, 1949

Accounts Payable Purchase Orders Outstanding Work-In-Progress Unearned Income Other Reserves Restricted Fund Balance Surplus

$ 57,799 121,726 238,532 123,557 231,651
2,955,806 945,555

$ 69,106 229,984 91,124 130,976 109,668
1,552,459 1,170,525

TOTAL LIABILITIES & SURPLUS

$4,674,626

$3,353,842

Of the Accounts Receivable at June 30 1949, $583,508 represented amounts due from the Veterans Administration for fees of veteran students and Veterans Guidance Centers as compared with $697,974 due from this source at June 30, 1948. The investments included above represent amounts invested in short term U.S. Securities.

AUXILIARY ENTERPRISES
Income - Income realized during 1948=49 from the operations of Auxiliary Enterprises amounted to $5,486,596. In addition to the income from operations, the Regents allocated $249,883 for Auxiliary purposes from the State Appropriation, making a total income of $5,736,479. This compares with a total income during 1947-48 of $5,471,070, of which $5,448,870 was realized from operations, and $22,200 was allocated by the Regents from the State Appropriation.

The various sources of income for the past three years are compared in the following summary:

SOURCE
Dormitories Dining Hall Bookstore Farm Laundry Apartments Other
Total Operating Income State
TOTAL INCOME

1946-47
$ 658,509 2,525,485 1,320,702 49,631 161,026
__
155,803 $4,871,156
262,500
$5,133,656

1947-48
$ 839,427 2,338,933 1,655,191 60,137 137,368 145,511 272,303
$*,448,870 22,200
$5,471,070

1948-49
$ 943,602 2,505,011 1,384^499 55,225 124,865 209,961 263,433
$5,486,596 249,883
$5,736,479

j^ penditures - Hie Auxiliary Enterprise operating expenditures for 1948=49 amounted to $5 131 184 In addition to the operating expenditures, 1429, 576 was expended for Capital Additions and improvement making a total expenditure for all auxiliary purposes of $5,560,760. H i s compares with a total ex penditure for 1947-48 of $5,642,319, of which $5,311,316 was for operations and $331,003 was for Capital

The following is a comparison of the Auxiliary Enterprise expenditures for the past three years:

1946-47

1947-48

1948-49

Dormitories Dining Hall Bookstore Farm Laundry Apartments Other
Total Operating Expenditures Capital Additions

15 652,450 2,468,900 1,240,255 62,912 168,658 ||| 184,319
$4,777,494 284,920

$ 777,845 2,406,964 1,604,170 79,406 137,456 76,804 288,671
$5,311,316 331,003

$ 831,071 2,416,138 1,398,160 62,810 110,666 116,115 196,224
$5,131,184 429,576

TOTAL

$5,062,414 $5,642,319 $5,560,760

Financial Condition - The operations of the Auxiliary Enterprises of the University System as a whole were much more favorable during 1948-49 than for the previous year, Considered on an accrual basis as reflected in the Statement of Surplus found later in this report, the operating income exceeded operating expenses by $467,533, This gain, after deducting non-operating expenditures and asjustments, increased the Auxiliary Surplus from $395,668 at June 39, 1948 to $763,141 at June 30, 1949, With one exception all institutions of the University System ended the fiscal year with a surplus.

The following is a summary of the Auxiliary Balance Sheet accounts at June 30, 1949, as compared

with the previous year:

ASSETS

1947-48

1948=49

Cash on Hand and in Banks Accounts Receivable Investments (Temporary) Other Assets

$ 638,196 188,748 10,000 429,563

$ 637,475 453,506 100,778 306,940

TOTAL ASSETS

$1,266,507 $1,498,699

LIABILITIES AND SURPLUS Accounts Payable Purchase Orders Outstanding Work -In-Progress Sinking Fund Reserve Stores Reserve Other Reserves Surplus

$ 100,215 74,311 60,867
102,875 427,925 104,646 395,668

$ 57,984 62,145 86,586
169,395 301,205
58,243 763,141

TOTAL LIABILITIES & SURPLUS

$1,266,507 $1,498,699

The investments listed above represent Sinking Fund cash temporarily invested in U,S,, Securities, The Sinking Fund Reserve is provided under the terms of a trust indenture for the retirement of Revenue Bonds issued by the Regents for the benefit of the Georgia Institute of Technology.

AGENCY FUNDS

The University System held Agency Funds at June 30, 1949, having a total fund balance of $383,378. This was composed of funds received and held by the various units as custodians, and consisted mostly of unexpended student activity fees, funds of student organizations and funds deposited with the in stitutions by students for safekeeping

- 11-

ENDOWMENT FUNDS

The University System held Endowment Fund Assets at June 30,- 1949 in the amount of $3,015,406. This amount consisted of cash, $60,927; and Investments totaling $2,954,479. Listed below is a summary of the Investments."

U.S. Securities Other Bonds Preferred and Common Stock Fieal Estate Real Estate Mortgages University System Buildings Notes Receivable Other Investments

$1,590,505 169,700 157,161 138,062 35,422 858,069 560 5,000

TOTAL

$2,954,479

Of the above assets, $34,141 was due to other funds; $115,960 was reserved for the purpose of the trust, and $2,865,305 represented the fund balance.

STUDENT LOAN FUNDS

The University System held Student Loan Fund assets at June 30, 1949, in the amount of $1,073,726. This amount was composed of cash, $161,960; student notes receivable, $152,351; due from other funds, $34,141; and investments, $725,274. The following is a summary of the investments:

U. S. Securities Other Bonds Preferred and Common Stocks Real Estate Mortgages University System Buildings Other Investments

$ 371,079 66,171 30 11,557
270,437 6,000

TOTAL

$ 725,274

Of the above listed assets, $206,971 was reserved for the purpose of the trust; and $866,755 represented the fund balance.

PHYSICAL PLANT

The University System had Physical Plant assets at June 30, 1949, in the amount of $43,612,400. This investment is summarized as follows:

Land and Improvements

Buildings

'

Equipment

$ 4,167,976 28,302,314 11,142,110

TOTAL

$43,612,400

Georgia School of Technology Revenue Bonds totaling $3,213,000 were outstanding at June 30, 194T. During 1948-49, $88,000 of % . . Series "A " Revenue Bonds, matured and were retired from the Sinking Fund provided from the net revenues of the buildings constructed with the proceeds of the Bond issue. In addition $250,000 of 2%%, Series "B " Revenue Bonds, maturing on May 1, 1980, were retired by an allocation of the State Appropriation. This left $2,875,000 of Series "A " Revenue Bonds; $674,000 at 2 $1,709,000 at 2%%; and $492,000 at 2%; outstanding at June 30, 1949. The maturity dates of these bonds are as follows:

- 12-

May 1, 1950 May 1, 1951 May 1, 1952 May 1, 1953 May 1, 1954 May 1, 1955 May 1, 1956 May 1, 1957 May 1, 1958 May 1, 1959 May 1, 1960 May 1, 1961 May 1, 1962 May 1, 1963

$ 90,000 92,000 94,000 96,000 98,000
101,000 103,000 105,000 108,000 111,000 114,000 116,000 119,000 121,000
May 1, 1978

May 1, 1964 May 1, 1965 May 1, 1966 May 1, 1967 May 1, 1968 May 1, 1969 May 1, 1970 May 1, 1971 May 1, 1972 May 1, 1973 May 1, 1974 May 1, 1975 May 1, 1976 May 1, 1977 $120,000

$ 95,000 75,000 80,000 63,000 65,000 59,000 46,000 84,000
120,000 103,000 125,000 105,000 135,000 132,000

At June 30, 1049, a total of $1,133,507 was due to Endowment and Student Loan Funds for amounts invested in revenue producing projects of various units of the University System. This amount is being amortized over a period of years from the net revenues of the projects financed by these loans. This amount is invested in the plant assets of the Units as detailed below:

The University of Georgia Georgia Institute of Tech. Univ. of Ga. School of Medicine North Georgia College Ga. State College for Women Fort Valley State College Georgia State College

$ 511,637 381,677 5,000 37,928 155,000 13,451 28,814

TOTAL

$1,133,507

With a total investment in the plant of $43,612,400; against which total bonds are outstanding in the amount of $2,875,000; and $1,133,507 is due to Endowment and Student Loan Funds; the Univer sity System had a net investment in Physical Plant of $39,603,893 at June 3Q 1949.

Appropriations for plant additions are expended from Educational and General or Auxiliary Funds and are reflected as expenditures of those funds rather than as expenditures of Physical Plant Funds. The Physical Plant Fund; referred to herein represents only the actual investment in plant. Any unex pended plant fluids at the end of the year appears in either the Educational and General or Auxiliary Fund statements.
GENERAL
Qu the following pages of this report will be found various consolidated statements relating to the year's operations, statements of Educational and General and Auxiliary surplus, and the assets and liabilities of the University System at June 30, 1949. In addition to the consolidated statements, detailed financial reports relating to the operation of the individual units of the University System may be found in this report,

James A, Blissit Chief Accountant

November 23, 1949

-13-

U N I V E R S I T Y SYSTEM OF GEORGIA CONSOLIDATED BALANCE SHEET
J U N E 30, 1949

I . CURRENT FUNDS A. GENERAL Cash on Hand and in Banks Accounts Receivable Due from Other Funds Investments (Temporary) TOTAL GENERAL FUNDS

B. RESTRICTED Cash on Hand and in Banks Accounts Receivable Due from Other Funds Investments (Temporary) TOTAL RESTRICTED FUNDS

C. AUXILIARY Cash on Hand and in Banks Accounts Receivable Due from Other Funds Investments (Temporary) Stores (Inventories) TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

II. AGENCY FUNDS Cash on Hand and in Banks Accounts Receivable Notes Receivable Investments (Temporary)

TOTAL AGENCY FUNDS

III.

ENDOWMENT FUNDS Cash on Hand and in Banks Investments:
U.S. Securities Other Bonds Preferred & Common Stock Real Estate Real Estate Mortgages University System Buildings Notes Receivable Other Investments TOTAL ENDOWMENT FUNDS

IV. STUDENT LOAN FUNDS Cash on Hand and in Banks Student Notes Receivable Due from Other Funds Investments: U.S. Securities Other Bonds Preferred & Common Stocks Real Estate' Mortgages University System Buildings Other Investments TOTAL STUDENT LOAN FUNDS
V. PHYSICAL PLANT Land and Improvements Buildings Equipment TOTAL PHYSICAL PLANT
TOTAL ASSETS

ASSETS

$ 663,954.21 852,437o15 9,287.98 275,703.56
-------------- $1,801,382.90

$ 317,295.42 9,143.72 1,020.16
1,225,000.00 ------------ -

$1,552,459.30

$ 637,474.98 453,505.44 5,735.24 100,778.38 301,204. 53 $1,498,698.57 $ 4,852,540.77

$ 390,823.48
1,666.00
890.00
1, 110.00

394,489.48

$ 60,927.08

$1,590,505.00 169,700.00 157,160.66 138.061.57 35,422.11 858.069.57 560.00 5,000.00 $ 2,954,478.91
----------------------------

$ 3,015,405.99

$ 161,959.53 152,350.77 34,141.06

$ 371,079.00 66,171.17
30.00 11,557.19 270,436.99
6,000.00 $ 725,274.35 ----------- - --------------

J 1,073,725.71

$ 4,167,975.69 28,302,314.19 11,142,109.71
--------------

$43.612,399.59 $52,948,561.54

U N I V E R S I T Y SYSTEM OF G E O R GI A CONSOLIDATED BALANCE SHEET
JU N E 30, 1949 LIABILITIES, SURPLUS AND FUND BALANCES

I. CURRENT FUNDS A. GENERAL Accounts Payable Due to Other Funds Reserve for Purchase Orders Outstanding Reserve for Work-In-Progress Reserve for Unearned Income Other Reserves Surplus TOTAL GENERAL FUNDS

$ 69,105.56 2,932.16
229,984.20 91,124.06
130.976.15 106,735.37 1,170,525.40
$ 1,801,382.90

B. RESTRICTED Fund Balance TOTAL RESTRICTED FUNDS

$1,552,459.30 $ 1,552,459.30

C. AUXILIARY

Accounts Payable Due to Other Funds

$ 57,983.85 2 ,000.00

Reserve for Purchase Orders Outstanding

62,144.57

Reserve for Work-In-Progress

86,585.82

Reserve for Sinking Fund

169,395.12

Reserve for Unearned Income

55,119.99

Reserve for Stores

301,204.53

vi

Other Reserves

1

Surplus

1,123.54 763.141.15

TOTAL AUXILIARY FUNDS

$ 1,498,698.57

I

TOTAL CURRENT FUNDS

$ 4,852,540.7 7

II. AGENCY FUNDS Due to Other Funds Fund Balances

$ 11,111.22 383,378.26

TOTAL AGENCY FUNDS

$ 394,489.48

III.

ENDOWMENT FUNDS Due to Other Funds Reserve for Purpose of Trust Fund Balances

$ 34,141.06 115,959.74
2,865,305.19

TOTAL ENDOWMENT FUNDS

$ 3,015,405.99

IV. STUDENT LOAN FUNDS Reserve for Purpose of Trust Fund Balance

$ 206,971.06 866,754.65

TOTAL STUDENT LOAN FUNDS

$ 1,073.725.71

i V. PHYSICAL PLANT Due to Other Funds Bonds Payable Invested in Plant

$ 1,133,506.56 2,875,000.00
39,603,893.03

ft

TOTAL PHYSICAL PLANT

$43,612,399.59

TOTAL LIABILITIES, SURPLUS, AND FUND BALANCES

$52,948,561.54



UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF EDUCATIONAL AND GENERAL EXPENDITURES
For Year Ended June 30, 1949

SENIOR UNITS University of Georgia - Athens
Atlanta Division Savannah Division General Extension Ga. Institute of Technology North Georgia College Ga. State College for Women Ga. Teachers College Ga. State Womans College
TOTAL SENIOR UNITS

Administrative and General

Student Welfare

$ 217,714.67 85,823.84 5,124.44 23,186.49 303,340.19 44,737.62 81,714.96 48,012.47 33,992.97
$ 843 547.65

$ 93,010.46 7,415.87 143.45
100,212.02 24,748.19 33,477.68
3,938.83 11,901.77 $ 274,848,27

MEDICAL Univ. of Ga. School of Medicine

JUNIOR UNITS Ga. Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agricultural College
TOTAL JUNIOR UNITS

37,067.18 31,007.89 26,989.28 27,698.01
S 145,768.38

2,994.52 3,552.77
$ 15,

NEGRO UNITS Albany StateCollege Fort Valley State College Georgia State College
TOTAL NEGRO UNITS

t 34,281.21
57,527.12 66,459.08

S 1,679.74 9,812.54 16.470.64

EXPERIMENT & AGRICULTURAL EXTENSION

Ga. Experiment Station

$ 42,954.08

Ga. Coastal Plain Experiment Station

22,658.70

Agricultural Extension Service

___ 94,772.66

TOTAL EXPERIMENT & AGRIC. EXTENSION $ 160,385.44

GENERAL Central Office Construction Department Agricultural Tour Graduate Education for Negroes
TOTAL GENERAL

$ 101,820.03 22,065.83
$ 123.885,86____________ __ $1.464,887.43 $ 317,879.65

Physical Plant

Library

Instruction

Activities Related To Instruction

$ 406,685.42 109,894.09 10,392.96 1,196.00 571,322.65 71,720.11 97,267.41 34,233.62 24,079.45
$1,326,791.71

$ 191,255.10 $1,901,344.01

19,805.50

442,985.86

108.36

16,622.79

108,826.64 18,243.23 35,167.66 15,524.49 12,336.38
$ 401,267.36

$1,647,062.01 163,411.65 380,814.55 179,406.46 96.045.08
$4,827,692.41

$ 435,367.63 23,813.83
$ 459,181.46

Research

Extension

268,423.15 $ 273,733.64

618,513.19 2,692.34

172,899.18 515,270.79
28,813.46

> 889.628.flB

Other

Total Operating Expenditures

Land, Buildings and Other Im Total provements Expenditures

$ 3,787,534.08 $ 623,259.14 $ 4,410,793.22

665,925.16

43,365.35

709,290.51

32,392.00

32,392.00

221,095.50

221,095.50

$ 22,222.94 3,886,670.43 816,992.16 4,703,662.59

322,860.80

97,222.74

420,083.54

659,948.06

37.325.13

697,273.19

281,115.87

69,700.00

350,815.87

178.355.65

36,160.30

214,515.95

t t $ 57,636.36_______ 7.982.90

263.815.52 206.883.72

81.300.74_______ 1.038.51

651,690.44 8 2,535.72 654,226.16

25,624.32 32,229.72 20,988.43 22,309.74 27.642.55

3,849.38 8,306.31 4,910.24 4,481.36 5.744.12

60.883.05 75,157.70 57,695.61 79.124.06 67.972.42

I 26.666.22

$ 4,806.98 17,332.94

130,418.45 $ 155,061.37 110,583.56 138,288.18 172,210.43

2,740.17 $ 8,182.99 8,097.01 54,304.95 61,310.89

133,158.62 163,244.36 118,680.57 192,593.13 233,521.32

34,986.37 82,444.99 84,042.29

$ 12,138.58 $ 121,074.87

8,314.87

185,803.62

14,047.94

272,839.12

8 2 819.17
2 819.17

t 4,979.27 52,918.11 14,414.26
8 72.311.64

$ 209,140.04 * 2,118.80 398,940.05
____________ 471,092.50 $ 2.118.80 > 1.079.172.59

3,350.00 14.155.25 17.505.25

$ 209,140.04
402,290.05
485,247.75
t 1,0%,677.8?

30,710.32 S 5,136.51

29,316.01

4,141.29

$ 60,026.33 $ 9,277.80

f 468,824.47 263,475.30 ____________$1.583,554.35
$ 732,299.77 $1,583,554.35

$ 547,625.38 $ 24,074.16 $ 571,699.54

319,591.30

11,544.46

331,135.76

1.678,327.01________________1,678,327.01

$ 2,545,543.69 $ 35,618.62 $ 2,581,162.31

$1,774,722.81 $ 480,320.86 $6,012,058.38

$

551.06 $

17,785.05 _________________________________47.473.77

102,371.09

* 102,371.09

22,065.83

22,065.83

17,785.05

17,785.05

47.473,77___________________ 47,473.77

$ 695,550.57 31,703,2^.19 $2.669,761.49 $ 9o|l5L62 815.208|s62.00 $1.914,320.42 $17,122,882.42

UN I VE RS I TY SYSTEM OF GEORGIA STATEMENT OF EDUCATIONAL AND GENERAL INCOME
For Year Ended June 30, 1949

SENIOR UNITS University of Georgia - Athens
Atlanta Division Savannah Division General Extension Ga. Institute of Technology North Georgia College Ga. State College for Women Ga. Teachers College Ga. State Womans College
TOTAL SENIOR UNITS

Matriculation

STUDENT NonResident Tuition

FEES Sumner School

* 765,844.46 297,876.60 3,674.75 174,050.79 862,427.77 70,725.36 100,932.00 64,120.60 35,175.15
*2,374,827.48

* 794,962.87 346,981.33 8,392.86
1,090,301.04 20,677.87 4.900.00 54,124.10 1.100.00
*2,321,440.07

*372,538.66 112,118.40
284,393.62 11,566.91 27,158.80 26,671.45 3,718.00
*838,165.84

Other

Gifts. Grants and Endowment

Governmental Other Than
State Allotment

Sales and Services

t 50,884.67 6,085.40 102.27 49,166.58
87,955.31 6,703.70
20,207.25 9,439.05 7,713.35
*238,257.58

*110,755.35
117,411.09 800.00
1,000.00
*229,966.44

S 258,956.62
69,320.04 47,374.06 15,135.00 * 390,785.72

* 401,475.01 12,442.91
417,866.72
t 831,784.64

Other

Internal Income

STATE ALLOTMENT

For Operations

For Capital Additions

Total Income From All Sources

S 69,950.23 907.72
155,641.53 640.99
8,964.32 3,680.25 1,945.00 *241,730.04

* 2,825,367.87 763.969.45 12,169.88 235,660.28
3,085,317.12 111,114.83 210,536.43 173.170.45 49,651.50
$ 7,466,957.81

*1,077,000.00 75,500.00 25.000. 40.000.
735.000. 210.000. 482.000. 113.000. 131,250.00 12,888,750.00

00 00 00 0*0 25,000.00 00 00
37,000.00 * 62,000.00

1 3,902,367.87 839.469.45 37,169.88 275,660.28
3,820,317.12 346,114.83 692,536.43 286.170.45 217,901.50
*10,417,707.81

MEDICAL Univ. of Ga. School of Medicine

* 86,210.22 S 15,277.32

* 464.50 * 81,969,69 S 5,000.00 $ 6,526.00

* 660.92 * 196,108.65 * 470,000.00

* 666,108.65



JUNIOR UNITS

Ga./- SoutWestern College

* * 23,380.13

6,973.13 S 1,394.39 * 2,720.55

West Georgia College

37,684.94

19,397.88

7,398.20

7,104.27

Middle Georgia College

22,317.75

14,724.00

6,577.83

531.95

South Georgia College

37,248.53

19,066.56

6,825.15

5,984.36

Abraham Baldwin Agricultural College

27.820.14

16.688.80

8.404.37

78.00

TOTAL JUNIOR UNITS

148.451.49 S 76.850.37 t 30,599.94 * 16,419.13

* 7,997.29 4,895.66
17.332.94 t 23,606.06 * 30,225.89 * 23,606.06

* * 3,415.09

45,880.58 S 80,000.00

* 125,880.58

1,742.25

78,223.20

80,000.00

358,223.20

2,164.00

46,315.53

65,100.00

111,415.53

69,124.60

75,300.00 * 29,000.00

173,424.60

10,547.59

104,477.90

75,000.00

34,000.00

213,477.90

T S 17,868.93 * 344,021.81

375,400.00 S 63,000.00 * 782,421.81

NEGRO UNITS Albany State College Fort Valley State College Georgia State College
TOTAL NEGRO UNITS

t 38,530.73
57,607.10
77.543.41
t 173,681.24

& EXPERIMENT AGRICULTURAL EXTENSION
Ga. Experiment Station
Ga. Coastal Plain Experiment Station
Agricultural Extension Service
& TOTAL EXPERIMENT AGRIC. EXTENSION

* 13,864.36
20,284.61
98.092.58
* 132,241.55

S 27,198.43 34,785.39 52,205.89
*114,189.71

* 3,095.39

10,670.81 $ 4,950.00 * 86,739.48

23,586.55

* 14,596.40

S S * 37,352.75 * 4,950.00

101,335.88

147.13 147.13

* 58,807.83
2,343.60 52.638.25 *113,789.68

* 289,897.73
1,,169.747.90 *1,459,645.63

t 85,734.03
120,814.63
S 206,548.86

* 3,071.25 9,538.45 8,553.16
* 21,162.86

* 85,760.16
224,575.84
274,725.12
t 585,061.12

* 138,075.00
184,275.00
200,143.%
* 522,493.96

t 223,835.16
408,850.84
474,869.08
* 1,107,555.08

t 13,988.88
11,442.05
294.26
t 25,725.19

S 448,428.47
134,600.48 1,222,680.41 * 1,805,709.36

* 137,550.00
185,000.00
481.000.00
* 803,550.00

* 9,250.00 t 9,250.00

S 585,978.47
328,850.48 1.703.680.41 * 2,618.509.36

GENERAL Central Office Construction. Department Regional Council on Education Agricultural Tour University System Survey Graduate Education for Negroes
TOTAL GENERAL GRAND TOTAL

t 17,785.05

*2,783,170.43

*2,,545,809.31

#982,955.49

t 17.785.05
*292,493.96 *448,460.86 *1,986,993.12 *1,068,612.69

*307,147.94

* 17,785.05
__ 17.785.05 *10,415,643.80

( 114,800.00
26,500.00 49,000.00
55,000.00 66.900.00 312.200.00 *5,372,393.96

*134,250.00

* 114,800.00
26,500.00 49,000.00 17,785.05 55,000.00 66,900.00
329.985.05 *15,922,287.76

*81'

SENIOR UNITS
University of Georgia - Athens Atlanta Division Savannah Division
Ga. Institute of Technology North Georgia College Ga. State College for Women Ga. Teachers College Ga. State Womans College
TOTAL SENIOR UNITS
MEDICAL
Univ. of Ga. School of Medicine
JUNIOR.UNITS
Ga. Southeastern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agricultural College
TOTAL JUNIOR UNITS
NEGRO UNITS
Albany State College Fort Valley State College Georgia State College
TOTAL NEGRO UNITS
GRAND TOTALS

UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF AUXILIARY ENTERPRISE INCOME
For Year Ended June 30, 1949

Dormitories Dining Hall

Bookstore

Farm

Laundry

Apartments

Other

Total Internal Income

State Allotment

Total Income

$236,686.28
62.90 331,517.12 40,061.25 97,718.39 49,091.70 34,629.55 $789,767.19

$ 490,684.27
8,891.08 568,106.28 145,823.72 336,817.11 191,617.05 89,738.03 $1,831,677.54

$ 389,886.80 128,075.75 10,320.36 493,533.36 46,361.23 32,999.85 40,819.78
$1,141,997.13

$15,477,71 8,327.93
$23,805.64

$ 71,307.88
39,382.59 $110,690.47

$177,591.11 14,401.42
$191,992.53

$ 88,345.81 47,255.14 1,204.25 61,860.56 35,248.29 5,880.20
$239,794.25

$1,276,911.04 175,330.89 20,478.59
$1,632,608.43 $214,256.25 297,373.62 512,798.14 289,856.46 124.367.58
$4,329,724.75 $214,256.25

$1,276,911.04 175,330.89 20,478.59
1,846,864.68 297,373.62 512,798.14 289,856.46 124,367.58
$4,543,981.00

$ 31,145.25

$ 17,177.24 $ 48,322.49____________ $ 48,322.49

$ 15,674.27 29,301.10 21,468.00 17,138.35 20,128.38
$103,710.10

$ 57,010.38 99,653.60 56,451.68 79,062.50 93,005.05
$ 385,183.21

$ 24,920.52 14,759.57 9,085.65 19,175.82 22,181.19
$ 90,122.75

$10,063.41 297.00 383.09
$10,743.50

$ 3,900.71
4,719.28 $ 8,619.99

$ 101,505.88

$ 101,505.88

$ 6,273.78 160,051.46

160,051.46

87,302.33

87,302.33

115,759.76

115,759.76

187.50

140,221.40 $ 6,000.00

146,221.40

$ 6,461.28 X 604,840.83 6,000.00 $ 610,840.83

$ 10,678.40 18,423.07 21,023.56
$ 50,125.03
$943,602.32

$ 66,624.35 119,802.70 101,722.95
% 288,150.00
$2,505,010.75

$ 11,803.99 19,064.45 90,365.74
$ 121,234.18
$1,384,499.31

$14,708.63 5,967.65
$20,676.28
$55,225.42

$ 6,475.12 7,699.17
$ 14,174.29
$124,864.76

$ 6,954.41
2,393.74 $ 9,348.15
$209,960.67

$ 96,061.15

$ 96,061.15

178,473.97 $ 18,000.00 196,473.97

229,172.81 11,627.00 240,799.81

$ 503,707.93 $ 29,627.00 $ 533.334.93

$263,432.77 $5,486,596.00 $249,883.25 $5,736,479.25

ytom.il1.i-- a i

MM

SENIOR UNITS

Univ. of Georgia - Athens

Atlanta Division

Savannah Division

Ga. Institute of Technology

North Georgia College

Ga. State College for Women Ga. Teachers College

l-- i Ga. State Womans College

P

TOTAL SENIOR UNITS

MEDICAL
Univ. oi Ga. School of Medicine

JUNIOR UNITS
Ga. Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agricultural College
TOTAL JUNIOR UNITS

NEGRO UNITS
Albany State College Fort Valley State College Georgia State College
TOTAL NEGRO UNITS

GRAND TOTAL

UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF AUXILIARY ENTERPRISE EXPENDITURES
For Year Ended June 30, 1949

Dormitories Dining Hall

Bookstore

Farm

Laundry

Apartments Other

Total

Lands, Buildings

Operating

A Other

Ibtal

Expenditures Improvements Expenditures

1195,167,36
452.72 265.986.12 37,834.08 100.085.12 34,7%. 32 55.745.84 $690,067.56

$ 501,130.06
3%. 97 555,129.05 140,418.13 319,805.34 174,473.51 71.217.05 $1,762,570.11

$ 391,231.36 124,098.45 4,531.61 558,731.98 41,862.97 31,180.93 35,944.25

$20,064.71 9,913.98

$1,187,581.55 $29,978.69

$ 61,493.80
31,556.26 $ 93,050.06

$ 87,773.83 12,989.91

$ 78,613.53 22,982.23 103.52 42,630.83 17,377.91 4,624.48

$100,763.74 $166,332.50

$1,227,636.11 147,080.68 5,484.82
1,510,251.81 270,547.71 487,252.13 255,128.06 126,962.89
$4,030,344.21

$ 69,146.91 63,404.87 152,662.02
$285,213.80

$1,227,636.11 147,080.68 5,484.82
$1,579,398.72 333,952.58 639,914.15 255,128.06 126.962.89
$4,315,558.01

$ 30.469.90

$ 21,849.01 $ 52,318.91

$ 52.318.91

$ 15,704.54 24,028.14 23,935.19 13,147.76 16.502.13
$ 93.317.76

$ 60,700.56 82,006.61 64,572.62 73,734.40 86.065.59
$ 367,079.78

$ 23,915.46 13,073.54 8,277.98 19,619.73 19,603.56
$ 84,490.27

$ 9,735.66 1,150.37 1,053.61
Jill,939.64 x

$ 3,552.81 $ 768.95

4,058.62

5.839.11

$ 7,611.43 $ 6,608.06

$ 103,873.37 129,612.90 97,936.16 107,555.50 132,069.01 571,046.94

$ 3,440.56 10,373.83 3,589.40 11,282.24 30,829.22
$ 59,515.25

$ 107,313.93 139,986.73 101,525.56 118,837.74 162.898.23 630,562.19

$ 10,503.13 19,001.70 18,180.55
$ 47,685.38
$831,070.70

$ 70,995.16 110,568.34 104,924.61
$ 286,488.11
$2,416,138.00

$ 10,353.70

18,077.84 $12,143.53 $ 5,532.34

67,186.55 8,747.83

12,083.43

$ 95,618.09 $20,891.36 $ 12,615.77

$1,398,159.81 $62,809.69 *110,665.83

$ 5,821.73
1.917.90 7,739.63

$ 1,435.17 $ 1,435.17

$116,114.80 $196,224.74

$ 97,673.72 166,758.92 213,040.87 477,473.51
$5,131,183.57

$ 2,500.00 33,542.67 48,804.58
$ 84,847.25

$ 100,173.72 200,301.59 261,845,45
$ 562,320.76

$429,576.30 $5,560,759.87

U N I V E R S I T Y S Y S T E M OF G E O R G I A
STATEMENT OF EDUCATIONAL AND GENERAL SURPLUS For Year En d e d June 30, 1949

Surplus, July 1, 1948 Add: Excess Income over Expenditures Operating Income Realized Deduct: Decrease in Accounts Receivable Increase in Unearned Income
Total Operating Income Earned Deduct: Operating Expenditures
Operating Cash Expenditures Add: Increase in Accounts Payable
& Reserves
Total Operating Expenditures Excess Income over Expenditures Income for Capital Additions Decrease in Surplus Reserves Deduct: Expenditures for Capital Additions Surplus Adjustments
Liquidation of Savannah Division Other Adjustments Less: Loan from Endowment Funds

S 945,55484

$15,777,58L 80

$ 27,301 97

7,419 10

34,721.07

$15,742,860 73

$15,208,56200
119,275.07 $15,327,837.07
---------------- $ 415,023.66 166,435.00
1,629,903.81
1,914,320.42

$ 83,169.47 19,902.02 $ 103,071.49
31,000.00

, 72,071.49

Surplus, June 30, 1949

$1,170,525.40

20 =

U N I V E R S I T Y SYSTEM OF G E O R G I A
STATEMENT OF AUXILIARY ENTERPRISE SURPLUS For Year En d e d June 30, 1949

Surplus, July 1, 1949 Add: Excess Income over Expenditures Operating Income Realized Add: Increase in Accounts Receivable Decrease in Unearned Income Total Operating Income Earned Deduct: Operating Expenditures Operating Cash Expenditures Add: Increase in Accounts Payable & Reserves Decrease in Inventories Total Operating Expenditures Excess Income over Expenditures Non-Operating Income Decrease in Surplus Reserves Deduct: Expenditures for Capital Additions Surplus Adjustments Retirement of Revenue Bonds Less: Loan from Endowment Funds Liquidation of Savannah Division Other Adjustments
Surplus, June 30, 1949

$395,668.33

$5,480,808.50 264,757.61 13,102.10
$5,758,668.21

$5,131,183.57

15,580.17 144,371.06

$5,291,134.80

$467,533.41 255,670.75 100,861.86

-429,576.30

$ 302,256.25

$ 190,192.32 80,891.28 4,155.75

$ 275,239.35

$-27,016.90

$763,141.15

- 21-

UNIVERSITY SYSTEM OF GEORGIA GENERAL ACTIVITIES
FINANCIAL REPORT FOR THE YEAR ENDING
JU N E 30, 1949
University System of Georgia General Activities

U N I V & R S I T Y *SY S~TE M OF G E O R G I A R-EG E N T S A L L O T M E N T A C C O U N T
BALANCE SHEET For Year Ended June 30, 1949

GENERAL Cash in Banks TOTAL ASSETS
GENERAL Surplus TOTAL LIABILITIES & SURPLUS

ASSETS LIABILITIES

$31,237.02 $31,237.02
$31,237.02 $31,237.02

-25-

UNIVE R S I T Y SYSTEM OF GEORGIA REGENTS ALLOTMENT ACCOUNT
STATEMENT OF RECEIPTS & DISBURSEMENTS For Year En d e d June 30, 1949

RECEIPTS State of Georgia
Regular Operations Special Allotment for School of Medicine Special Allotment Special Allotment for University of Georgia Special Allotment for Emergency Repairs Purchase of Callaway Apartments - Georgia Tech University System Survey Regional Council on Education University of Georgia Endowment Funds
TOTAL STATE OF GEORGIA
Units of University System Revenue Collections
TOTAL RECEIPTS
DISBURSEMENTS To Units for Educational and General Purposes To Units for Auxiliary Enterprise Purposes To Georgia Tech for Callaway Apartments To University of Georgia Endowment Funds
TOTAL DISBURSEMENTS
Excess of Receipts over Disbursements
Cash Balance, July 1, 1948
Cash Balance, June 30, 1949 '

$ 5,000,000*00 170,000*00 250,000.00 15,000*00 25,000.00 214,256*25 55,000*00 49,000*00 8 ,000*00

$ 5,786,256*25

10,049,275*19 $15,835,531*44

$15^555,919*15 ,35,627*00
214.256,,25 __ ______ 8.000*00
$15,813,802*40
$ 21,729*04
9,507*98
$ 31,237*02

-26

UNIVERSITY SYSTEM OF GEORGIA GENERAL ACTIVITIES
BALANCE SHEET For Year En d e d June 30, 1949

ASSETS

GENERAL Cash in Banks
TOTAL ASSETS

LIABILITIES

GENERAL Reserve for University System Survey Reserve for Regional Council on Education Surplus
TOTAL LIABILITIES & SURPLUS

$141,337.69 $141,337.69
$ 55,000.00 49,000.00 37,337.69
$141,337.69

-27-

U N I V E R S I T Y S Y S T E M OF G E O R G I A GENERAL ACTIVITIES

STATEMENT OF EDUCATIONAL & GENERAL INCOME For Year Ended June 30, 1949

Source

General Income

GOVERNMENTAL

State of Ge o r g i a for:

Regents Central Office

114,800.00

Construction Department

26.500.00

Graduate E d u c . for Negroes

66.900.00

University System Survey

55.000.

00

Regional Council on Education

49.000.

00

Gifts and Grants For Agricultural Tour

$312 ,200.00

Restricted Income
17,785.05 17,785.05

Total Income

114,800.00

26.500.00

66.900.00

55.000.

00

49.000.

00

17.785.05 $329,985.05

STATEMENT OF EDUCATIONAL AND GENERAL EXPENDITURES For Year Ended June 30, 1949

Fund Classification General Restricted

Object Classification

Personal Operating SupServices plies & Exp.

Equip ment

ADMINISTRATIVE & GENERAL Regents Central Office Construction Department
TOTAL ADMIN. & GENERAL

$101,820.03 22,065.83
$123,885.86

$82,838.38 $18,072.60 16,854.14 5,195.19
$99,692.52 $23,267.79

$909.05 16.50
$925.55

OTHER Graduate Education
for Negroes Motion Picture Project Agricultural Tour
TOTAL OTHER
TOTAL EXPENDITURES

$ 47,473.77 $ 551.06 17,785.05
$ 47,473.77 $18,336.11
$171,359.63 $18,336.11

$47,473.77 551.06
17,785.05 $65,809.88
$99,692.52 $89,077.67

$925.55

-28-

THE UNI V E R S I T Y OF GEORGIA
FINANCIAL REPORT FOR THE YEAR ENDING
J U N E 30, 1949
The University of Georgia Athens, Georgia

P r e s i d e n t J o n a t h a n C. R o g e r s The University of Georgia Athens, Georgia

Dear President Rogers:

I am submitting herewith my annual report as C o m p t r o l l e r and

T r e a s u r e r of the U n i v e r s i t y of Georgia, for the fiscal year e n d i n g June 30,

1949.

This report consists of the following schedules:

B a lance Sheet . . . . ....................................... Schedule " A "

Statement of E d ucational and General I n c o m e ............ Sch e d u l e " B "

S t a t ement of A u x i l i a r y Enterp r i s e Income . .... ...... Sc h e d u l e " B "-l

Statement of General Ext e n s i o n Income . . . . .......... S c h e d u l e " B "-2

Statement of Educational and General Expenditures . . .Schedule " C "

Statement of A u x i l i a r y Enterprise E x p e n d i t u r e s .......... S c hedule " C "- 1

S t a t ement of General E x t e nsion E x p e n d i t u r e s ............ Sc h e d u l e " C "-2

Statement of Operations of Restricted Funds. . . . . .Schedule " D "

S t a t ement of Trust Fund B a l a n c e s . ........................ S c h e d u l e " E "

Statement of Trust Fund Balances B y F u n d s ...............Schedule " E "-l

Sum m a r y of Trust Fund Investments ........................ Sch e d u l e " E "-2- 1

Detail of Endowment - Governmental B o n d s .................Schedule " "-2-2

Detail of En d o w m e n t - Stock C o m m o n .......... .Schedule

" E "-2-3

Detail of Endowment -Commercial Bonds.

.Schedule

" E "-2-3

Detail of Loan Fund - Governmental Bonds. . . . . . . .Schedule " E "-2-3

Detail of Loan Fund -Stocks Common . . . . . . . . . .Schedule " E "-2-4

Sta t e m e n t of C h anges in Ca s h B a l ances ................ .Schedule " F "

S t a t ement of A g e n c y Funds ... ............................. S c h e d u l e " G "

S t a t ement of I n v e stment In Plant. . .................. .Schedule " H "

Respectfully submitted,
/s/ J. D. B O L T O N Comptroller

-31-

- COMMENTS

SCOPE

This report is made on a cash receipt and disbursement basis, with the exception of the Balance Sheet, which reflects all known assets and liabilities, including both accounts receivable and ac counts payable. This report does not include the Atlanta Division.

EDUCATIONAL AND GENERAL

INCOME

The following table reflects comparative income and percentages of income to the total for a period of three years.

SOURCE

1946-47 Per
Amount Cent

1947 -48 Per
Amount Cent

1948 -49 Per
Amount Cent

Student Fees Endowment Federal State State Dept. Health Research Vocational U.S. Navy Research Clarke County Sales & Service - Net Gifts & Grants Rents Other Veterans Guidance

$1,799,147 8,800 70,434
791,639

62.83 .31
2.46 27.65

$2,313,327 21,220 86,435
754.490

66.75 .61
2.49 21.77

84,095 2.94
18,770 ,66 2,407 (i).08
39,511 1.38 1,307 .04 4,000 .14
43,381 1.51

120,802 8,248
25,812

3.49 .24 .74

85,297 2,275 4,124
.43,528

2.46 .07 .12
1.26

$1,984,231 16,400 82,641
1,077,000 1,142
131,093 14,987 29,095

56.60 .47
2.36 30.72
. 03 3.74
.43 .83

94,355 1,451
38,533 34,768

2.69 .04
1.10 .99

H-- 1 OO o o i-- o oo

TOTALS

$2,863,491

$3,465,558

$3,505,696

I oo
ro-H

(1) The amount of sales and services income shown for 1946-47 is the net amount of income after deducting expenses. During the other years the expenses exceeded the income, therefore, the expenses for these years will be shown in the net amount after deducting income,

EXPENSES

The following table presents a comparison of expenditures for Educational and General purposes for four years.

FUNCTION
Administration General Plant Operations Library Instruction Research Services Related to Instruction - Net Extension
Sub-Total Outlay
GRAND TOTAL

11945-46
$ 71,771 79,948
204,672 132,641 736.418
64,695 10,939 119,317 $1,420,401 53,745
$1,474,146

1946-47
$ 106,575 94,886
305,446 124,441 1,204,733
91,747 41,243 155,314 $2,124,385 229.527
$2,353,912

1947-48
$ 145,329 144,377 318,027 180,395
1;675,626 162,679 5,901 241,857
$2,874,191 988,373
$3,862,564

1948-49
$ 161,989 141,618 367,045 191,255
1,829,010 237,969 13,972 274,354
$3,217,212 799,950
$4,017,162

-32-

The following table is a comparison of the above expenditures expressed in percentages for the same years.

FUNCTION

Percent 1945=46

Percent 1946-47

Percent 1947-48

Percent 1948-49

Administration General Plant Operations Library Instruction Research Sales Related to Instruction - Net Extension Outlay

4.87 5.42 13.88 9.00 49.96 4.39
.74 8.09 3.65

4. 53 4,03 12.97 5.29 51.18 3,90 1.75 6.60 9.75

3.76 3.74 8.23 4.67 43.38 4.21
.16 6.26 25.59

4.03 3.53 9.14 4.76 45.53 5.92
.35 6.83 19.91

TOTALS

100.00

100.00

100,00

100.00

The next table is a study of instructional cost by schools and colleges. These figures include outlay and all other instructional cost, except the Summer Quarter. Hie figures for the school of Education include Vocational Agricultural Teacher Training, Vocational Home Economics Teacher Train ing, Practice School and Physical Education. The cost of the Dean of Faculties office is prorated among all schools.

SCHOOL

1945=46

1946-47

1947-48

1948-49

1. Agriculture 2. Arts & Science 3. Business Administration 4. Education 5. Forestry 6. Graduate 7. Home Economics 8. Journalism 9. Law 10o Military 11. Pharmacy 12 Veterinary Medicine

$102,990.30 337,115.27 37,470.54 124,500.25 9,767.99 10,210.32 36,573.62 14,272.23 17,819.73 3,920.17 12,083.61

I 188,107.29 534,635.23 65,240.63 171,817.62 23,641.55 26,176,76 51,108.79 20,502.37 26,577.44 4 268 29 15,314.58 24,960.15

$ 222,309.00 706,150.00 112,467.00 214,292.00 32,759.00 38,547.00 86,483.00 27,580.00 51,106.00 4,683.00 32,978,00 92,023.00

$ 237.891.00 707,058.00 135,293.00 236,773.00 33,425.00 44,920.00 86,481.00 29,751.00 58,228.00 4,710.00 40,333.00 120,422.00

Totals

$706,724.03

$1,152,350.70 $1,621,377.00 $1,735,285.00

Hie following table is a statement of the number of quarter hours taught by each school and college for four years.
QUARTER HOURS TAUGHT

1945-46

1946-47

1947-48

1948=49

1. Agriculture 2. Arts & Science 3. Business Administration 4. Education 5. Forestry 6. Home Economics 7. Journalism 8. Law 9. Pharmacy 10. Veterinary Medicine

8,407 112,097
10,068 9,215 ls677 5,025 5,927 2,544
797

23,710 166,442
36,416 15,372
3,793 5,306 10,737 11,295 3,282 1,614

29,190 153,461
48,553 17,688
7,390 6,291 10,382 14,931 5,938 3,699

30,485 143,388
51,757 28,007
7,710 5,844 10,709 11,560 7,077 8,222

Totals

155,757

277,967

297,523

304,759

-33 =

The table below gives a comparison of cost per student quarter hour by schools and colleges.

SCHOOL

COST PER STUDENT QUARTER HOUR 1945-46 1946-47 1947-48 1948-49

1. Agriculture 2. Arts & Science 3. Business Administration 4. Education 5. Forestry 6. Home Economics 7. Journalism 8. Law 9. Pharmacy 10. Veterinary Medicine

$12,25 3.01 3o72
13.51 5. 82 7.28 2.41 7.00
15.16

$ 7.93 3.21 1.79
IT. 18 6.23 9 63 1.91 2.35 4.67
15.46

I 7.62 4.60 2.32 12.12 4.43 13.75 2.66 3.42 5.55
24,88

$ 7.80 4.93 2.61 8.45 4.34
14.80 2.78 5.04 5.70
14. 65

Totals

$ 4054

$ 4.15

$ 5 45

$ 5.69

INCOME AND EXPENSES

AUXILIARY ENTERPRISES

Income from Auxiliary Enterprises amounting to $1,276* 91L 04 is shown in' schedule B=l. The details of expenses are shown in schedule C-l,

The average number of students housed in dormitories during the year was 1,892. This is exclusive of the prefabricated barracks and apartments for married students.

The number of meals served in the six dining halls during the year was 789,558.

The operations of the dining halls showed great improvement over the past year.

GENERAL EXTENSION AND CORRESPONDENCE

INCOME AND EXPENSES

The following summary gives a comparison of the operation of the General Extension for the past two years. Prior to this time the service was operated as a separate unit of the University System.

I\--o*
00

INCOME
Student Fees State Allotment Other

1947-48 Amount Percent

$113,248.74 31,925.00

78.01 21.99

-49 Amount Percent

$235,660.28 40 000.00 568.06

85,31 14.48
.21

TOTAL INCOME EXPENSES

$145,173.74 100.00
1947 -48 Amount Percent

CO Tf* ON 1-- 1

$276,228.34 100.00
-49 Amount Percent

Administrative & General Forums Plant Operations Instruction

$ 36,665.14 5,946.13 3,232.60
116,833.70

22.54 3.65 1.99
71.82

$ 23,186,49 7,913.16 1,196.00
188,799.85

10.49 3,58 ,.54 85.39

TOTAL EXPENDITURES

$162,677.57 100.00

$221,095.50 100.00

It is entirely possible that some refund of fees will have to be made to the Federal Government since they have notified us that the fees will be paid on a cost basis and formula adopted by them. The collections for the period of the report were made on a basis of 75% of the Matriculation and Non-Resident fees. All fees for the previous year were paid on basis of Matriculation and Non-Resi dents for G.I. students.

- 34-

TRUST FUNDS

The University holds funds in trust as follows:

CORPUS Endowment Loan Funds
TOTAL TRUST FUND CORPUS

$2,063,841.99 509,823.00

$2,573,664.99

RESERVES FOR PURPOSES OF TRUST Endowment Loan Funds
TOTAL TRUST FUND RESERVES

$ 115,959.74 206.971.06

$ 322,930.80

TOTAL CORPUS AND RESERVES

$2,896,595.79

Details of these funds are shown in Schedule E-l.

AGENCY FUNDS Agency funds are shown in detail in Schedule G.

PLANT FUNDS
A statement of investment in plant is shown in Schedule H.
There is an unamortized balance of $511,637.05 due to Trust Funds on University buildings. This balance is being amortized over a period of 20 years at the rate of 3%. There is also an unamortized balance of $38,557.19 due from various fraternities representing loans made on their homes. These loans are being amortized over a period of 20 years at the rate of 4J^%.

THE U N I V E R S I T Y OF G E O RGIA ATHENS, GEORGIA

Schedule A

BALANCE SHEET June 30, 1949
ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand & in Bank Accounts Receivable TOTAL GENERAL FUNDS
B. RESTRICTED Cash in Bank Investments (Temporary) TOTAL RESTRICTED FUNDS

C. AUXILIARY Cash in Banks Inventories Accounts Receivable TOTAL AUXILIARY FUNDS

D. GENERAL EXTENSION Cash in Banks

TOTAL CURRENT FUNDS

II. AGENCY FUNDS Cash in Bank

III.

ENDOWMENT FUNDS Cash in Bank Investments:
U. S. Securities State & Municipal Bonds Commercial Bonds Preferred & Common Stock Real Estate Owned Real Estate Mortgages University of Georgia Buildings

TOTAL ENDOWMENT FUNDS

TV. STUDENT LOAN FUNDS & MISCELLANEOUS FUNDS Cash in Bank Investments: U. S. Securities Notes Receivable Students Common Stocks Real Estate Mortgages North Georgia College Building Georgia State College Building Savings Account University of Georgia Building

Due from Other Funds
TOTAL STUDENT LOAN FUNDS
V. PHYSICAL PLANT Land Improvements Other Than Buildings Buildings Equipment

TOTAL PHYSICAL PLANT TOTAL ASSETS

$ 162,589.88 128,402.88
-------------

$ 290,992.76

$ 150,970.03
1, 200, 000.00
------------

$1,049,029.97

$ 10,123.55 32,453.60 81,366.27
~

$ 123,943.42

$ 36,904.42

$1,500,870.57

$ 239,458.68

$1,506,505.00 160,000.00 9,700.00 139,834.20 51,465.68 27,000.00 319,437.91

$2,213,942.79

$ 68,977.49
$ 230,475.00 106,672.30 30.00 11,557.19 37,928.00 28,813.88
6, 000.00
192,199.14 $ 613,675.51 34,141.06
$ 716,794.06

$ 260,925.00 384,471.85,
8,048,118.9 2,374,739.09
$11,068,254.85
$15,739,320.95

-36

THE UNIVERSITY OF GEORGIA ATHENS., GEORGIA
BALANCE SHEET J u n e 30, 1949

Schedule A (Cont'd)

LIABILITIES

I. CURRENT FUNDS
A. GENERAL Purchase Orders Outstanding Unearned Income Reserve for Insurance Reserve Re-Building General Surplus TOTAL GENERAL FUNDS

B. RESTRICTED Fund Balances

C . AUXILIARY Purchase Orders Outstanding Reserve for Inventories Surplus TOTAL AUXILIARY FUNDS

D. GENERAL EXTENSION Purchase Orders Outstanding Surplus TOTAL GENERAL EXTENSION

TOTAL CURRENT FUNDS

lie AGENCY FUNDS Fund Balances

III.

ENDOWMENT FUNDS Due to Other Funds Reserve for Purpose of Trust Fund Balances

TOTAL ENDOWMENT FUNDS

IV. STUDENT LOAN FUNDS & MISCELLANEOUS FUNDS Reserve for Purpose of Trust Fund Balances

TOTAL STUDENT LOAN FUNDS

V. PHYSICAL PLANT Due to Other Funds Invested in Plant

TOTAL PLANT FUNDS

TOTAL LIABILITIES & SURPLUS

$ 69,761.15 46,758.86 2,282.25 75.00 172,115.50

$ 290,992.76

1,049,029.97

$

619.69

32,453.60

90,870.13

----------- $ 123,943.42

$

445.00

36,459.42

----------- $

36,904.42

S 1,500,870.57

239,458.68

$ 34,141.06 115,959.74
2,063,841.99

$ 2,213,942.79

$ 206,971.06 509,823.00

$ 716,794.06

$ 511,637.05 10,556,617.80

$11,068,254.85 $15,739,320.95

.37-

THE UNIVERSITY OE GEORGIA ATHENS, GEORGIA

Schedule B

STATEMENT OF EDUCATIONAL AND GENERAL INCOME For Year Ended June 30, 1949

STUDENT FEES Non-Resident Tuition Matriculation Practice School Nursery School Atlanta Area Summer Non-Resident Summer Matriculation Infirmary Diploma Cadet Nurses Miscellaneous
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Vocational Funds State Dept. Health - For Research United States US* Navy - For Research U.So Dept. A g r i c 0 - For Research U.S. Dept. Health = For Research Morrill - Nelson County Clarke County
TOTAL GOVERNMENT
ENDOWMENT Franklin College B*A. & T.N1 Denmark Landscrip Fund Alumni Library Alumni YoMoCoAo M a r y J, Fra n k l i n G eorge R. Gi l m e r W.J. Russell Fund William Terrell Fund
TOTAL ENDOWMENT

General Income

Restricted Income

$ 794,962*87 765,844*46 778*50 3,804*15
233,107*31 139,431*35
20,994*32 8,540*83 1,216*50 6,387*06
$1,975,067*35

$ 9,163*31 $ 9,163*31

$1,077,000*00

$131,092*52 1,141*66

14,986*61 3,877*22 8,330.00
70,433*96

29,094*65 $1,077,000*00 $258,956*62

$ 8,000*00

$

1,100*00

5,250*00



250*00

200*00

200*00

500*00

200*00

700*00

$

7,750*00 $ 8,650*00

Total Income
$ 794,962*87 765,844*46 778*50 3,804.15 9,163*31 233,107.31 139,431.35 20,994*32 8,540.83 1,216*50 6,387.06
$1,984,230*66

$1,077,000*00 131,092*52 1,141*66
14,986*61 3,877*22 8,330*00
70,433.96
29,094*65 $1, 335,956*62

$

8,000*00

1,100.00

5,250*00

250*00

200*00

200.00

500.00

200.00

700.00

$ 16,400*00

-38-

TBE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule B (Cont'd)

STATEMENT OF EDUCATIONAL AND GENERAL INCOME For Year E nded June 30, 1949

General Income

Restricted Income

Total Income

GIFTS AND GRANTS FROM PRIVATE SOURCES

Sodium

Iron

Potash

(

Nutrition = General Mills

Atlanta Area = Emory University

Minor Elements

Soil Survey - T.V.A.

Boron

Cyanamid

Ball Brothers
G sE.Bo = For Library

Carnegie Foundation

Tennessee Corporation

U.S. Radio Active

Sulphur

G . E 0Bo - For Agric. Educ. R e l ations

Cereal Institute

International Corp. = For Minerals

National Yeast Corp.

W.C. Bradley Foundation

Un iversity of Georgia Foundation

Judge J.H. West - For Pres. Home

T.M. Tillman - For Pres. Home

TOTAL GIFTS & GRANTS

5,778..06 $ 5,778,.06

3,308,,53

3,308,.53

1,668 .10

1,668 .10

2,500,,00

2,500,.00

8,400 ,00

8,400 .00

1,523 ,50

1,523 .50

2,750,,00

2,750 .00

1,630.,00

1,630,,00

o co 00

,00

830,.00

777,,05

777,,05

7,500,.00

7,500,,00

3,634.,33

3,634,.33

o LO CO

350,,00

,00

750,.00

750,,00

1, 512c 78

1,512,,78

7,500. 00

7,500.,00

482. 00

482, 00

2,400. 00

2,400. 00

1,000. 00

1,000. 00

35,000. 00

35,000. 00

3,561. 00

3,561. 00

1,000. 00

1,000. 00

o o LO

00

500. 00

94,355. 35 $ 94,355. 35

SALES & SERVICES Dairy Farm Horticulture Farm Meat Curing Plant Live Stock Farm Field Experiments Literary Quarterly Poultry Plant Food Processing Plant Press Veterinary Medicine Clinics Creamery
TOTAL SALES & SERVICES

$ 33,627.02 9,346.90
116,082.43 25,712.94 2,933.53 2,821.20 21,136.92 7,681.31 33,679.47 11,782.90
136,670.39 $ 401,475.01

$ 33,627.02 9,346.90
116,082.43 25,712.94 2,933.53 2,821.20 21,136,92 7,681.31 33,679.47 11,782.90
136,670.39 $ 401,475.01

- 39 =

TEE U N I VERSITY OE GEORGIA ATHENS, GEORGIA

Schedule B (Cont'd)

STATEMENT OF EDUCATIONAL AND GENERAL INCOME For Year E n d e d June 30, 1949

General Income

Restricted Income

Total Income

OTHER SOURCES Veterans Guidance Agricultural Extension Service Rents from Property Interest on Temporary Investments Miscellaneous
TOTAL FROM OTHER SOURCES

$ 34,768,40 4,000.00 1,451.17 7,587.28
22,143.38 $ 69,950.23

$ 34,768.40 4,000.00 1,451.17 7,587.28
22,143.38 $ 69,950.23

TOTAL INCOME

$3,531,242.59 $371,125.28 $3,902,367.87

NON =INCOME

Loan from Trust Funds

Gilbert Memorial Infirmary

Transfer from Savannah Division

$

Transfer from Restricted Funds

Prepaid Interest on Temporary Inve stment

Realized

Air Travel Contract

TOTAL NON=INCOME RECEIPTS

$

28,289.17 54,304.72
148.18 82,742.07

$ 31,000.00 $

31,000.00 28,289.17 54,304.72

4,654.52

4,654.52

148.18

$ 35,654.52 $ 118,396.59

TOTAL RECEIPTS

$3,613,984.66 $406,779.80 $4,020,764.46

40 =

TEE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule B-l

STATEMENT OF AUXILIARY INCOME For Year Ended June 3 0 1 9 4 9

DORMITORIES A.A.A. Barracks Brown Camp Wilkins Candler Hall Clarke Howell Coordinate C r a w f o r d W* L o n g Lucy Cobb Mary Lyndon Memorial Park Milledge Hall Milledge Annex Old College Private Trailers Rutherford Hall Small Dormitories Soule
TOTAL DORMITORIES
DINING HALLS Cafeteria Coordinate Denmark Lucy Cobb Milledge Annex Tea Room
TOTAL DINING HALLS
Trailer Development Cow Testing Egg Testing Laundry Printing Department University Stores
TOTAL OTHER
TOTAL AUXILIARY INCOME

$ 8,138.15 21,067.63 24,469.67 9,160.30 13,523.95 11,604.12 35,381.95 3,956.62 10,046.02 16,806.27 64.00 22,569.65 7,644.50
2,154.80 19,818.15 11,891.99 18,388.51

$ 236,686.28

$122,066.31 108,708.92 146,332.59 34,588.68 57,908.90 21,078.87
$ 7,767.99 18,984.22 9,506.17 71,307.88 52,087.43
389,886.80

$ 490,684.27
$ 549,540.49 $1.276,911.04

= 41=

THE

Schedule B-2
U N I V E R S I T Y OF G E O R G I A ATHENS, GEORGIA

STATEMENT OF GENERAL EXTENSION INCOME For Year Ended June 30, 1949

STUDENT FEES Correspondence Columbus Center Gainesville Center Waycross Center Other Instruction Fees Veterans Administration Advance Audio-Visual Savannah Summer Session Atlanta Center Rome Center Savannah Center
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Operations TOTAL GOVERNMENT
TOTAL INCOME
NON-INCOME
TOTAL RECEIPTS

General Income

Restricted Income

$ 49,166.58 32,053.14 6,700.65 10,731.30 22,500.65 63,732.95 12,442.91 7,531.37 14,414.76 8,499.75 7,886.22
$235,660.28

$ 40,000.00 $ 40,000.00

$275,660.28

$

568.06

$276,228.34

Total Income
$ 49,166.58 32,053.14 6,700.65 10,731.30 22,500.65 63,732.95 12,442.91 7,531.37 14,414.76 8,499.75 7,886.22
$235,660.28

$ 40,000.00 $ 40,000.00

$275,660.28

$

568.06

$276,228.34

-42-

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule C

STATEMENT OF EDUCATIONAL & GENERAL EXPENDITURES For Year Ended June 30, 1949

ADMINISTRATIVE AND GENERAL
Accounting Office Alumni Office Comptroller's Office General President's Office Publicity Bureau Registrar's Office Statistical Bureau Veterans Administration
TOTAL ADMIN. & GENERAL
STUDENT WELFARE
Director of Student Life Dean of Men Dean of Women Placement Student Hospital Voluntary Religious Association
TOTAL STUDENT WELFARE
PHYSICAL PLANT
General Janitors Repairs Grounds Special
Architect Fees Lib. Rehabilitation Commerce. - Journalism Bldg. Federal Works Building Temporary Houses Water Main
p

General
$ 36,626.72 6,000.00 10,387.93
79,792.55 17,247.41 8,528.78 38,064.75 14,513.38 6,553.15 $ 217,714.67

Restricted

Salaries & Wages

Object Classification

Operating

Supplies

Equipment

& Expense

$ 27,056.11 6,000.00 9,900.00 17,152.28 15,648.70 7,237.79 28,082.14 13,917.73 6,056.64
$ 131,051.39

$ 4,987.81 $ 4,582.80

366.80 62,640.27
1,583.99 1,290.99 7,979.94
395.65 496.51 $ 79,741.96

121.13 14.72
2,002.67 200.00
$ 6,921.32

Land, Build ing & Other Improvements

$ 9,809.73 17,438.79 ]8,440.10 5,764.81 37,557.07 3,799.96 $
$ 92,810.46 $

200.00 200.00

$ 8,316.78 16,639.92 17,814.02 5,239.92 28,348.50 3,999.96
$ 80,359.10

$ 1,492.95 698.87 $ 554.95 498.80
9,208.57
$ 12,454.14 $

100.00 71.13 26.09
197.22

$ 150,004.78 113,667.55 124,267.52 42,263.27

$ 17,307.82 102,149.89 .35,305.51 24,506.71

$ 1,579.20 8,248.13 18,023.62 2.131.38 1.799.38 2,451.64

$125,327.24 8,730.81 42,278.66 11,438.30

$ 7,369.72 2,786.85 25,732.96 1,964.95

$ 20,950.39 4,353.31

1,579.20 8,248.13 18,023.62 2.131.38 1.799.38 2,451.64

P H YSICAL PLANT (Cont'd)
President's Home Other Equipment & Bldgs. Veterinary Medicine Bldg. Gilbert Memorial Inf.
TOTAL PHYSICAL PLANT
LIBRARY
INSTRUCTION
Dean of Faculties Agriculture
Dean's Office Agricultural Economics Agricultural Engineering Agronomy Animal Husbandry Dairy Food Technology Horticulture Plant Pathology Poultry Husbandry Arts & Sciences Dean's Office Art Biology Botany Chemistry Classics Drama English Geography & Geology

THJE U N IVERSITY OF GEORG IA AT0 ENS , GEORGIA

Schedule C (Cont'd)

STATEMENT OF EDUCATIONAL & GENERAL EXPENDITURES For Year Ended June 30, 1949

General

Restricted

Salaries & Wages

Object Classification

Operating

Supplies

Equipment

& Expense

Land, Build ing & Other Improvements

$430,203.12

$ 40,061.00 11,749.02
466,073.37 37,930.04 $590,046.78

$ 1,786.00 $ 179,269.93 $187,775.01 $ 39,640.48

$ 38,275.00 11,749.02
466,073.37 37,930.04 $613,564.48

$188,298.%

$ 12,650.80 $ 102,924.30 $ 9,938.27 $ 78,392.53 $ 9,694.66

$ 18,042.60

.
$ 16,621.% $ 804.69 $ 615.95

14,671.86 15,079.16 44,811.73 28,424.96 21,299.22 18,123.15 14,820.65 19,454.41 6,540.94 11,141.46

$ 5,100.00 5,750.00 5,000.00 3,000.00 5,500.00 3,200.00 5,500.00 3,200.00 3,800.00

9,859.92 19,332.76 46,594.42 29,675.88 17,810.76 22,045.37 16,442.88 23,439.84 9,123.04 13,485.92

4,669.35 846.40
2,978.88 2,436.56
867.31 1,290.64 1,039.80
903.62 498.43 1,316.42

142.59
988.43 1,312.52 5,621.15
287.14 537.97 610.95 119.47 139.12

25,034.06 49,922.26 53,479.29 35,377.10 56,7%. 20 7,117.44 12,767.70 68,582.16 30,158.15

1,050.00 1,933.% 3,200.00
.3,000.00

19,624.48 45,612.41 50,542.40 28,878.65 50,997.67 7,043.62 12,359.76 70,788.41 21,222.57

5,331.31 .3,098.49 4,421.03 3,118.02 8,998.53
73.82 407.94 478.75 1,794.31

78.27 2,26 J. 36
449.82 3,380.43
315.00 7,141,27

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

STATEMENT OF EDUCATIONAL & GENERAL EXPENDITURES For Year Ended June 30, 1949

General

Restricted

INSTRUCTION (Cont'd) History Landscape Architecture Mathematics Modern Languages Music Nursing Philosophy Physics Political Science Psychology Religion Sociology Archaeology
Business Administration Education
General Physical Education Practice School Vocational Agricultural Tngs Home Economics Teacher Tngs Forestry Graduate Home Economics Journalism I aw Military Science Pharmacy Veterinary Medicine Dean's Office Anatomy & History Physics & Pharmacy Pathology Clinics & Medicine Hygiene

' ---------------$ 26,926,,70 16,833.26 50,6471,66 $ 65,203*02 37,185*86 12,060*32 12,477.32 33,678*79 29,212.13 24,630.98 5,053.68 23,624*86 5,753.40 132,886*69

...-- -
2,000*0Q 2,000*00
1,000*00

70,929*38 55,694*51 18,394*78 14,627*72
3,579*24 29,077*84 44,452*81 85,581*92 29,441*91 57,622*92
4,661*01 39,913*90

29,094*65 23,990*56 18,000*00
4,000*00

31,866.70 7,224.37 10,449*45 16,408*43
27,626*32 13,394* 99

1,500*00 2,000.00 4,000.00 .3,200*00 1,500*00

Salaries & Wages

Object Classification

Operating Siroplies & Expense

Equipment

S 26,639*46 14,926*60 52,304,12 64,127*73 32,408,10 10,090.90 12,289.92 31,287*45 28,869*72 23,664*05 4,799*96 23,374,66 5,100.00 122,455*09

$ 157,94 1,396*43 285*49 447.01 1,679*80 1,069.-42 123,50 1,966*01 199*01 729.28 77*14 250*20 289,30 4,840*78

$ 129.30 510*23 58* 05 628*28
3,097*96
63*90 2,425*33
143*40 237*65 176*58
364.10 6,590*82

66,537*42 50,495*92 46,032*50 30,306*37 , 18,026 84 29,469*72 43,682*90 71,433*65 26,S11*94 55,276*08
3,699*96 31,039*80

4,004*54 3,762*82
922*20 7,912*49 3,360 21 1,800 63
722*91 6,814*54 2,109*00 1,535*21
961.05 5,725*60

387*42 1,435*77
534*73 399*42 192*19 1,807*49
47*00 7,333*73
820*97 811*63
3,148*50

10,139*92 8,399*88
13,924,92 18,455*76 21,116*56 12,322,36

6,819*93 824*49 524.53
1,152*67 7,428*96 1,072*63

16,406* 85 580*80

Schedule C (Contfd)
Land, Building & Other Improvements

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA
STATEMENT OF EDUCATIONAL & GENERAL EXPENDITURES For Year En d e d June 30, 1949

Schedule C (Cont'd)

-9f~

I NSTRUCTION ( Co n t 'd) Summer Quarter Regents Prof.
TOTAL INSTRUCTION

General
$ 166,057.67 $ 4,999.80 $1,759,824.84

Restricted

Salaries & Wages

$ $141,519.17

$ 165,773.13 4,999.80
$1,711,485.91

Object Classification

Operating

Supplies

Equipment

& Expense

Land, Build ings & Other Improvements

$ 284.54

$117,524.56 $ 72,333.54

ORGANIZED RESEARCH Mineral Meat Spoilage Agricultural Industrial Service Bureau Business Research Diseases, Plants & Animals Merck & Company Carnegie Foundation Radio-Active General U.S. Navy Mathematics Iron Experiments Potash Minor Elements Sulphur Boron Cyanamid Sodium Public Health - Malaria Copper Navy-Cymene Navy-Analytical Navy-Organic
TOTAL RESEARCH
SERVICES RELATED TO INST. Creamery Dairy Farm Food Processing

$

88222

13,936.94

11,593.08

10,665.84

2,591.22

160,430.70

$ 200,100.00
$ 147,868.67 61,561.95 12,734.86

$ 1,462.17

13,936.93
4,781.06 404.00
7,773.57 :289.01
8,000.00 4,500.00
504.78 694.10 354.37 1,348.11 282.27 293.82 4,966.12 6,661.43 395.25 3,209.21 5,182.44 3,284.51 $ 68,323.15

$ 16,448.15 8,924.02 12,701.84 200.00 1,015.89 120.35
130,445.28 4,500.00 402.50 537.25 140.45 1,182.00 29.90 255.50 3,918.25 5,500.00 368.17 3,000.00 4,462.50 3,127.50
$ 197,279.55

$ 28,054.35 18,482.39 5,916.01

$ 518.99 101.14
7,894.28 2,614.02 1,337.69
204.00 7,722.20
168.66 17,079.94

$ 943.18 781.08
3,531.44 55.04
1,407.37
1,626.70
20,905.48

102.28 156.85 213.92 166.11 180.17
38.32 982.02 752.28
27.08 209.21 62.94 157.01 $ 40,689.11

72.20 65.85 409.15
657.00 $ 30,454.49

$114,020.24 37,998.68 6,750.50

$ 5,794.08 5,080.88 68.35



*

SERVICES RELATED TO INST. Greenhouse Horticulture Livestock Farm Meat Curing Plant Poultry Plant
TOTAL SERV. REL. TO INST.
EXTENSION Agric. Itinerant Teacher Tn,. Home Economics Teacher Tng. Distributive Education Trades & Industries Vocational Guidance G.E.B. Youth Study Agricultural Short Courses Milk Marketing Soil Testing Press Julius Rosenwald Gen. Mills (Nutrition) Atlanta Area Veterans Guidance Literary Quarterly Field Services Foresty Mental Health Agricultural Handbook Veterans Training Container Studies Archaeology Poultry Resource - Use Education Higher Education for Women

THE INIVEBSITY OF GEORGIA ATHENS, GEORGIA
STATEMENT OF EDUCATIONAL & GENERAL EXPENDITURES For Year En d e d June 30, 1949

Schedule C (Cont'd)

General

Restricted

Salaries & Wages

$ 5,760.65 12,651.14 34,831.63 129,424.12 30,534.61
$ 435,367.63

$ 2,603.60 8,886.25 10,372.62 9,188.75 7,494.62
$ 90,998.59

Operating Supplies & Expense

Equipment

$ 2,981.48 2,892.38
17,394.79 119,369.98
23,039.99 $324,448.04

$ 175.57 872.51
7,064.22 865.39
$ 19,921.00

Land, Build ings & Other Improvements

$ 28,179.84 $ 21,739.68

18,537.18

14,251.52

$ 1,596.00

3,493.50

3,799.02

5,640.44

4,299.96

12,988.96

10,009.92

1,337.20

1,236.00

4,600.28

1,945.81

10,807.41

2,750.00

11,886.51

40,435.16

11,354.54

389.39

300.00

2,650.93

1,500.00

2,010.97

17,563.31

16,609.88

36,692.96

30,254.00

13,999.49

10,166.48

17,536.98

13,983.22

1,299.50

599.50

663.63

180.55

5,839.04

5,139.96

13,742.80

8,692.77

1,477.05

1,477.05

7,206.92

3,133.42

7,711.49

906.25

800.00

6,519.24

4,927.30

3,499.82

3,499.92

$ 6,440.16 4,285.66 1,094,05 $ 1,340.48 2,979.04 101.20 4,600.28 1,945.81 1,361.97
28,207.27 89.39
1,058.93 2,964.40 5,642.96 3,833.01 3,553.76
700.00 243.43 699.08 5,050.03
2,473.13 106.25
2,491.94

195.53
308.93 873.35 796.00 239.65 155.72

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA
STATEMENT OF EDUCATIONAL & GENERAL EXPENDITURES For Year En d e d June 30, 1949

Schedule C (Cont'd)

EXTENSION (Cont'd) Agric. Educational Relations G.E.B. Biological Science
TOTAL EXTENSION
TOTAL EDUC. & GEN EXPENDITURES
NON-EXPENSE Refunds Previous Years Inc. G.E.B. Youth Study G.E.B. Biological Science Rosenwald Fund Transfer to General Funds
TOTAL NON-EXPENSE
TOTAL DISBURSEMENTS

General

Restricted

Salaries & Wages

Object Cl assification

Operating

Supplies

Equipmmt

& Expense

Land, Build ings & Other Improvements

$ 148,376.69

$ 5,952.06 430.00
$125,356.95

$ 4,500.00 $ 1,452.06 430.00
$ 188,020.17 $ 83,144.-29

$ 2,569.18

$3,472,696.37 $938,096.85 $2,681,388.94 $855,715.38 $250,429.76 $623,259.14'

$

42.32

2,679.40

467.04

54,304.72

% 57,493.18

$3,472,696.37 $995,590.33

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule C-l

STATEMENT OF AUXILIARY ENTERPRISE EXPENDITURES for Year Ended June 3 0 s 1949

Total

Saleries and
Wages

Purchases For
Resale

Operating Supplies & Expense

Equipment

Dormitories Barracks Brown Camp Wilkins Candler Clarke Howell Lucy Cobb Mary Lyndon M i 11edge Milledge Annex Crawford W. Long Rutherford Small Dorms Soule A. A. A. Coordinate Memorial Park Private Trailers Total Dormitories

! 17.032.57 $ 6,705.70

11,722.82

5,645,65

7,258.35

3,249.20

7,132.27

3,318.80

7,519.73

4,128.00

12,013.02

5,481.01

12,883.40

5,390.27

11,804.40

5,731.30

5,070.46

2,372.90

4,142.05

1,572.35

12,517.31

4,750.85

11,662.06

5,460.33

11,788.84

4,780.60

6,194.46

2,681.90

37,762.53

17,870.08

2,242.70

59.45

! 178,746.97 $ 79,198.39

! 9,566.12 ! 6,077.17 3,962.87 3,813.47 3,224. 94 6,517.29 5,705.04 5,714. 48 2,637.56 2,569.70 7,415.64 6,168.73 6,795.33 3,512.56
19,427.15
2,183.25 $ 95,291.30 $

Dining Halls

Tea Room

$

Cafeteria

Coordinate

Denmark

Lucy Cobb

Mi Hedge Annex

Total Dining Halls !

General Dorms. & Dining Halls ! Other

20,150.00 $ 117,295.58
94,982.78 148,189.20
30,575.55 47,713.08 458,906.19 $ 58,644.26 $

7,689.39 34,454.04 25,058.68 30,576.43 10,293.50 7,890.15 115,962.19 12,609.66

1 12,460.61 82,405.21 $ 69,793.56.
116,334.87 20,175.29 39,774.18
$ 340,943.72 $ 1 46,034.60

Cow Testing Egg Contest Printing Department University Stores Trailer Dev. Temporary Houses Laundry
Total Other

S 18,951.12$ 9,537.45
50,124.96 391,231.36

13,058.92

$

3,784.10

22,382.28

35,387.33 $ 343,371.92

5,093.53 $ 5,753.35 22,283.28 9,754.88

61,493.80

47,238.81

$ 531,338.69 $ 121,851.44 $ 343,371.92 $

14,108.99 56,994.03 $

760.75
46.28
166.79 14.72
1,788.09 358.62 60.00
350.82 33.00
212.91
465. 30
4,257.28
436.33 130.54 1,277.90 106.76 48.75 2,000.28
798.67
5,459.40 2,717.23
146.00 9,121.30

TOTAL AUXILIARY EXPENDITURES $1,227,636.11 t 329,621.68 $ 343 371.92

NON-EXPENSE Transfer to Agency Funds

7,961.33

539,263.65

15,378.86

TOTAL AUXILIARY DISBURSEMENTS!!,235.597.44

-49-

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule C-2

STATEMENT OF GENERAL EXTENSION EXPENDITURES For Year En d e d June 30, 1949

ADMINISTRATION
General Forums
TOTAL ADMINISTRATIVE

General
$ 23,186.49 7,913.16
S 31,099.65

Salaries & Wages

Object Classification

Operating

Travel

Supplies Equipment

Expense & Expense

$ 16,218.24 $ 786.88 $ 5,744.94 $ 436.43

7,243.00

438.82

231.34

$ 23,461.24 $ 1,225.70 $ 5,976.28 $ 436.43

PLANT OPERATIONS

$ 1,196.00 $ 1,196.00

INSTRUCTION
Audio-Visual Aids Correspondence Other Columbus Center Gainesville Center Waycross Center Atlanta Center Rome Center Savannah Center Savannah Summer Sessions
TOTAL INSTRUCTION

$ 23,813.83 43,353.70 22,185.58 28,636.95 9,185.32 8,815.51 14,449.97 16,798.93 14,276.75 7,283.31
$188,799.85

$ 11,447.20 $ 691.74

40,354.84

297.58

14,156.52 4,074.96

24,766.55 1,031.87

6,900.00 1,950.47

7,269.98 1,108.60

14,449.97

14,254.96 1,156.43

13,126.00

75.98

7,067.92

112.50

$153,793.94 $ 10,500.13

$ 4,205.34 2,701.28 3,954.10 2,808.53 334.85 436.93
532.54 746.22 102.89 $ 15,822.68

$ 7,469.55
30.00
855.00 328.55 $ 8,683.10

TOTAL EXPENDITURES

$221,095.50 $178,451.18 $ 11,725.83 $ 21,798.96 $ 9,119.53

-50-

THE U N I V E R S I T Y OF G E O R G I A ATHENS, GEORGIA

Schedule D

STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year Ended June 30, 1949

STUDENT FEES Atlanta Area
TOTAL STUDENT FEES

Balance Beginning
Of Year

Receipts For Year

Disbursements For
Year

Transfers

$ 9,163.31 $ 9,163.31 $ 9,163.31 $ 9,163.31

Balance End Of
Ye ar

GOVERNMENTAL

Morrill-Nelson

$ 70,433.96 $ 70,433.96

State of Georgia

Vet. Medicine Bldg. $1,429,836.97

466,073.37

$ 963,763.60

Gilbert Memorial Inf.

6,961.57

31,000.00 37,930.04 $

31.53

Commerce-Journal ism

26,077.13

18,023.62

8,053.51

Rehabilitation

8,248.13

8,248.13

U.S. Navy Research

420.65 14,986.61 16,176.16

-768.90

Federal Works Agency

1,579.20

1,579.20

Vocat ional

131,092.52 131,092.52

Clarke County

29,094.65 29,094.65

T O T A L G O V E R N M E N T A L $1, 473,123.65 $276,607.74 $778,651.65 $ 8 , 0 85.04 $ 962,994.70

ENDOWMENT Franklin College Alumni Library Alumni Y.M.C.A. Russell, Horace B. TOTAL ENDOWMENT

$ 8,000.00 $ 8,000.00

250.00

250.00

200.00

200.00

200.00

200.00

$ 8,650.00 $ 8,650.00

Gifts Sulphur G.E.B, Agric. Edu. R e l . G.E.B. Biology Science $ R.W. W o o d r u f f ( P h c y . ) Rosenwald Fund General Mills JuliusRosenwald(Winn) Landscape Architecture C,E.B.Youth Study Sodium G.E.B. Dis. Research U.S. Malaria Cereal Instit. Ball Brothers Food Test Iron G. E. B. L i brary Books Carnegie Foundation Tenn. Corp.-Research Merch.& Co.(Poul. ) U.S.D.A. (Ag.Eng.) G.E.B. Art Museum Radio-Active

$
3,109.40 10,000.00
713.37 440.92 467.04
23.36 1,379.52
26,707.66
124.05
813.81 6,634.14
242.71 526.41 11,558.52 4,847.33 549.00

1,512.78 $ 7,500.00

1,348.11 5,952.06
430.00

2,500.00 '

389.39 2,558.93

5,778.06
8,330.00 482.00 777.05
3,308.53 7,500.00 3,634.33
350.00
3,877.22
750.00

1,337.20 4,966.12 4,781.06 6,661.43
1,477.05 504.78
7,353.47 7,773.57
395.25 404.00 13,936.93 4,847.33 289.01

$ $ 2,679.40*
467.04* 42. 32
1,472.06 1.00
435.74

164.67 1,547.94
10,000.00 323.98 381.99
23. 36
811.94 20,454.54
1,668.57 482.00
-576.95 2,803.75
960.34 2,494.90
197.46 122.41 1,063.07
1,009.99

" 51-

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule D (Cont'd)

STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year Ended June 3 0 j 1949

Rai ance

Receipts

Beginning

For

GIFTS (Cont'ri)

Of Year

Year

University of Ga. Foundation / 1 cf.ioology Potash W.C. Bradley Foundation Inter, Corp, (Min. Res.) TVA Soil Survey Judge,JoH, West Emory University, Atlanta Area T.M. Tillman Minor Elements U. S. Mental Health Boron Yeast Corporation Cyanamid

3,133.42

$ 3,561 00
1,668.10 35,000.00
2,400.00 2,750.00 1,000.00 8,400.00
500.00 1,523.50 1,141.66 1,630.00 1,000.00
830.00

TOTAL GIFTS

$ 71,270.66 * $107,704.23

Disbursements

For

Transfers

Year

Balance End Of
Year

$ 3,561.00 3,133.42 694.10
35,000,00 1,462.17 2,750.00 1,000.00 8,400.00 500.00 354.37 663.63 282.27
293.82 $123,500.47

974.00
937.83
1,169.13 478.03
1,347.73 1,000.00
536.18 $ 5,097.56 $ 50,376.86

RESERVES Aviation F.W.A.- building Temporary Houses Water Main Repairs - Equipment Equipment - Other Other Buildings
TOTAL RESERVES

$ 35,658,41 2,131.38 1,799.38 2,451.64 4,611.00
38,572.75 12,876.15 $ 98,100.71

$ 2,131.38 1,799.38 2,451.64
11,749.02 $ 18,131.42

$ 35,658.41
$ 4,611.00 38,572.75 1,127.13
$ 44,310.88 $ 35,658.41

TOTAL RESTRICTED FUNDS

$1,642,495,02 $402,125.28 $938,096.85 $ 57,493.48 $1,049,029.97

* Refunds of Previous Year Income Totals

$ 3,188.76 $1,642,495,02 $402,125.28 $941,285.61

$ -3,188.76 $ 54,304.72 $1,049,029.97

THE

Schedule E
U N I V E R S I T Y OF G E O R G I A
ATHENS, GEORGIA

STATEMENT OF TRUST FUND BALANCES For Year Ended June 30, 1949

Endowment Funds

Loan Funds

Miscelianeous

Balance of Principal beginning of Year

$1,071,610. 55 $1,264,529.63

Additions
1. Gifts and Grants from Private Sources
2. Profit on sale of investments 3. Income on investments 4. Notes recovered
5. Transfers from loan funds 6. Correction of errors

$ 5,861.51 1,344.53 48.37
1,035,975.82

$ 239,314.71 380.00
110,679.70 736.00
23.31

$ 9,066.58

Total Additions

SI, 043,230.23 $ 351,133.72 $ 9,066.58

Deduct ions
1. Notes written off
2. Loss in investments written off 3. Prizes and scholarships 4. Transfers to other schools 5. Transfers to Endowment funds 6. Correction of errors 7. Expenses - Miscellaneous

S 1,226.66

$ 45,668.20

10,520.41

1,316.21

200.00

4,014.38

66,515.15

1,035,975.82

3.34

$ 465.55

% , 5n ,Q98.79 $1,114,441.38 $ 465.55

Balance of Principal end of year

12,063,841.99 $ 501,221.97 $ 8,601.03

-53

THE UNI V E R S I T Y OF GEORGIA ATHENS, GEORGIA

Schedule E-l

STATEMENT OF TRUST FUND BALANCES BY FUNDS For Year E nded June 30, 1949

ENDOWMENT FUNDS Fund for Adv. of Art Alumni Library Alumni Y.M.C.A. W.H. Bocock Charles H. Brand Charles McDonald Brown Henry W. Brown W.J. Bryan Bernice F, Bullard Elizabeth M, Bullard A F* Qiurchhill Memorial Edward T, Comer Joe Brown Connally School May E. Talmadge DA.R. Richmond Walton McCurry D,A.R, BA, and T.N. Denmark W, S Denmark Eugene and Harry Dodd Philip Feingold Franklin College Mary J, Franklin George R, Gilmer Harold Hirsch A.L. Hull Memorial Interfraternity Council Journalism Dean* s Clyde L Jr, and John King George D, Kitzinger Joseph Rucker Lamar Landscrip Frances A. Lipscomb Emma Long *AA. Lowe Lumpkin Law School Joseph Henry Lumpkin Isaac Meinhard Bert Michael Scholarship Ma G& Michael Award ThoSaE, Mitchell Educational Thos, Eo Mitchell Georgia Thos E, Mitchell Coord. Pearl Campbell Moon C, A. and Homer B. T. Moon Charles F. McCay Music Scholarship

Fund Balance

Beginning of

Year

Additions

Fund Balance

End Of

Deductions

Year

$ 5,500.02 $ 1,480.00

$ 6,980.02

11,033.96

11,033.96

30,469.64

$ 17,000.00

13,469.64

405.25

.98

406.23

1,191.60

1,191.60

465,942.19

465,942.19

24,781.40

24,781.40

247.89

247.89

23,294.49

23,294.49

42,630.62

42,630.62

29,159.14

29,159.14

234,332.44

234,332.44

2,465.53

2,465.53

4,486.77

4,486.77

1,500.00

1,500.00

36,153.93

36,153.93

16,995.10

16,995.10

1,491.89

1,491.89

1,000.00

1,000.00

118,000.00

118,000.00

5,766.00

1,407.00

4,359.00

15,130.00

15,130.00

1,011.04

1,011.04

395.24

395.24

1,000.00

1,000.00

705.31

138.80

148.50

695.61

12,500.00

12,500.00

11,790.07

11,790.07

25,000.00

25,000.00

242,202.17

242,202.17

2,053.81

2,053.81

500.00

500.00

4,014.38

4,014.38

21,152.00

21,152.00

14,513.24

14,513.24

1,000.00

1,000.00

850.00

850.00

1,117.71

1,117.71

177,647.96

26,562.20

151,085.76

37,952.92

37,952.95

25,186.43

25,186.43

2,262. 07

2,262.07

2,262,08

2,262.08

189,988.54

189,988.54

1,335.05

1,335.05

54-

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule E-l (Cont'd)

STATEMENT OF TRUST BALANCES BY FUNDS For Year En d e d June 30 1949

ENDOWMENT FUNDS

George F, Peabody Law

Phelps Stokes Fellowship

Benjamin Z. Phillips Law

A.

W. Reed Memorial

Neil Reid Memorial

{

ILL. Richmond Fellowship

Horace B. Russell Prize

Jesse W. Sayre Foundation

Edward T, Shorter

Hoke Smith Memorial

Martin R. Smith

O.

V. Snith

William Terrell

Berryman T. Thompson

Frances Clementine Tucker

Hugh V. Washington

Cecil Wilcox - Prize

Cecil Wilcox - Loan

Robert W. Woodruff

W.J. Young

TOTAL ENDOWMENT FUNDS

LOAN FUNDS Lucile Alexander Alpha Zeta Alumni Association P. S. Arkwright R. and L. Arnold Atlanta Cotton Oil Company Atlanta Journal Atlanta Stockyards DuPree Barrett L.H,, Beall Bibb County Dawson Charles H. Brand Mary Upshaw Broach Charles McConald Brown Henry W. Brown Bryan County Dawson Shepherd Bryan Bernice F. Bullard Asa G Candler Charles H. Candler Carroll County Dawson Charlton County 4-H Dawson ChamberlinJohnson=DuBose Chatham County Dawson

Fund Balance Beginning Of
Year

Additions

Deductions

Fund Balance End Of Year

$

900.00

13,872.03

19,233.02 1,450.00
4,247.73 2,931.75 57,588.86 20,130.00
1,465.27
926.00 29,201.58 $1,071,610.55

$
$ 13,037.82 4,396.30 125.00
463.13 500.00 2,500.00
47.39 881.40
13,271.12 73,134.69
2,000.00 2,500.00
$1,043,230.23 $

425.00 50.00
274.00
50,998.79

$

475.00

13,872.03

13,037.82

4,396.30

75.00

19,233.02

1,913.13

500.00

2,500.00

4,247.73

2,979.14

58,196.26 20,130.00

13,271.12

73,134.69

1,465.27

2,000.00

2,500.00

926.00

29,201.58

$2,063,841.99

$

540.00

155.00

420.00

1.134.30

277.15 847.60 140.00 475.00 230.00 600.00 1,491.60
47.25 408,063.73
20,346.08

157.10 24,878.86
140.00 283.40 130.35

220.00

$

540.00

155.00

420.00

1,134.30

$

29.50

1,191.60

98,384.00 5,705.73

466,443.59 24,781.71

277.15 847.60 140.00 475.00 200.50 600.00 300.00
47.25 40,004.14
1,270.10

1,895.00

23,294.49

157.10 3,479.37
140.00 283.40 130.35

220.00

-55-

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule E-l (Cont'd)

STATEMENT OF TRUST FUND BALANCES BY FUND For Year En d e d June 30, 1949

LOAN FUNDS (Cont'd) Chi Psi Educational A, F. Churchill Memorial Citizens & Southern National Bank Class of 1926 O.L. Cloud Mrs. J- H. Cloudman Cobb County Dawson Columbia County Dawson Edward T, Comer Elijah Clarke D.A.R. D.A.R. Memorial May Erwin Talmadge D. A. R, Richmond Walton McCurry D.A.R. Lila Napier Jelks D.A.R. Edgar Gilmer Dawson DeKalb County Dawson W.S, Denmark Eugene & Harry Dodd Druid Hill Methodist Memorial J.C. Dukes Scholarship - Agric. J.C. Dukes Scholarship " Home Ec. J.C. Dukes Scholarship `- Bus. Admin. Early County Dawson Elbert County Dawson Epsilom Sigma Phi Exchange Club of Atlanta Philip Feingold W.W. Finley Lucy Hurt Fisher Charles W. Ford Forestry Loan 4 H Club Freshman Y. Commission Fulton County Dawson Georgia Atlanta & West Point R.R. Georgia Bankers Georgia Bankers " Boys Georgia Bankers - Girls Georgia Power Company Girls Canning Club Glynn County Dawson Grady County Dawson Hall County Dawson Hancock County Dawson J.C. Harris

Fund Balance Beginning Of
Year

Additions

Deductions

Fund Balance End Of Year

$ $ 29,248.88
11,662.03 298.90
10,000.00 267.24 105.00

200.00 $ 1,459.75
404.00

200.00 29,234.14 $
6,318.47 29.50

1,474.49 12,066.03
298.90 3,681.53
237.74 105.00

1,780.77 10,018.64
5,347.77 1,500.00

234,332.44 234,332.44
4,636.77 1,500.00

1,780.77 10,018.64
711.00

234,112.29 558.60
15,432.62 1,234.31 170.00
214.81 400.00
50.00 169.85 1,000.00 2,157.38 1,841.00 360.75 798.50 1,908.45

3,498.31
2,767.48 363.57
1,500.00 1,250.00 1,250.00

4,352.89 16,995.10
1,491.89
1,000.00

233,257.71 558.60
1,205.00 105.99 170.00
1,500.00 1,250.00 1,250.00
214.81 400.00
50.00 169.85
2,157.38 1,841.00
360.75 798.50 1,908.45

335.00 6,304.04 1,642.50 2,412.52 7,476.21 4,436.85
49.20 250.00 200.00
387.00

250.00

335.00 6,304.04 1,642.50 2,412.52 7,726.21 4,436.85
49.20 250.00 200.00
387.00

-56-

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule E=1 (Cont'd)

STATEMENT OF TRUST FUND BALANCES BY FUNDS

|

For Year Ended June 30, 1949

Fund Balance Beginning Of
Year

LOAN FUNDS ( C o n t 'd) Frank Hawkins A.L. Hull Memorial J .H. Hunt Jasper County Dawson Mrs. Graham Johnson Bess D. Jones Junior League Atlanta Clyde L,, Jr, & John King Kirkwood P.T.A. JB, Keough Joseph Rucker Lamar Landscape Architecture F.E. Lanier Laurrns County Dawson Frances A. Lipscomb Arthur Lucas J oH 8 Lumpkin McDuffie County Dawson Mrs P.C. McDuffie McIntosh County Dawson Macon County Dawson Mr. & Mrs. T.O. Marshall R.H. Martin Meriwether County Dawson Moina Michael T.E. Mitchell - Georgia T.E. Mitchell - Coord. T.E. Mitchell - G.S.C.W. 'T.E. Mitchell - Tech Moon Muscogee County Dawson Music Scholarship R.Co Neely C.T. Nunnally J. Carroll Payne Phi Delta Phi Benjamin Z. Phillips Law A,Wo Reed Bertha Rich Richmond County Dawson Boys Richmond County Dawson Girls E. Rivers Rockdale County Dawson James D. Robinson

$1 538.08 95,560.00 232.50 81.80 1 1 1 . 15 172.00 12,500.00 255.00 137.50 25,000.00 507.00
200.00 2,201.10
150.00 12,640.67
400.00 150.00 979.00 275.00 695.00 163.65 150.00 610.00 45,726,92 32,521.87 29,671.10 36,844.05 3,308.50 124.30 1,335.05 320.00
195.00
10,434.74 2,744.89 182.55 1,137.43 400.00 80.75 400.00

Additions

$

80.24

2,225.00

225.00
418.86 2,759.83

1,661.54 330.89
1,278.50
3,233.94 1,751.41

Deductions

Fund Balance End Of Year

$ 395.24
12,500.00 25,000.00

$ 223.08 97,785.00
232.50 81.80
111.15 172.00
255.00 137.50
732.00

2,053.81 14,513.24
37,952.95 25,189.77 29,671.10 36,844.05
4,524.15 1,335.05

200.00 566.15 150.00 887.26 400.00 150.00 979.00 275.00 695.00 163.65 150.00 610.00 9,435.51 7,662.99
62.72 124.30
320.00

195.00

13,037.82 4,396.30

630.86 100.00 182.55 1,137.43 400.00
80.75 400.00

57 =

Schedule E-l (Cont'd)
THE U N I V E R S I T Y OF GEORGIA ATHENS, GEORGIA

STATEMENT OF TRUST FUND BALANCES BY FUNDS For Year Ended June 30, 1949

L.UAIN rUINJJo vLont a/ S.D.V. Fraternity Sale City Dawson Savannah District Dawson John D. Simmons Hoke Smith State Home Demonstration Club Students' Students Veterans' Organization Mark Sullivan Sumter County Dawson-Boys Sumter County Dawson-Girls Tattnall County Dawson Telfair County Dawson Thomas County Dawson Berryman T. Thompson Meldrim Thompson Toombs County Dawson Frances C. Tucker Leila Bates Tye U.S. Government Ware County Dawson Washington County Dawson Louis Wellhouse Memorial C.P. Whitehead Whitfield County Dawson Cecil Wilcox Robert W. Woodruff Ida A. Young
TOTAL LOAN FUNDS
Miscellaneous Fund Georgia 4-H Club Foundation

Fund Balance Beginning of
Year --

Additions

$

839.22

80.00

63.25

552.50

590.00

18,397.47 $ -16,648.91

557.27

100.00

1,484.83

1,258.50

200.00

Deductions

Fund Balance End Of Year

$

839.22

80.00

63.25

552.50

590.00

1,748.56

557.27

100.00

1,484.83

1,258.50

200.00

14,371.12 200.00 200.00
78,078.79 1,000.00 2,807.86 400.00 177.50 700.00 483.29 400.00 4,500.00 350.00 3,450.17
$1,264,529.63

$ 13,271.12 73,134.69 290.00
4,500.00 $ 351,133.72 $1,114,441.38

1,100.00 200.00 200.00
4,944.10 1,000.00 2,517.86
400.00 177.50 700.00 483.29 400.00
350.00 3,450.17 $ 501,221.97

$ 9,066.58 $

465.55 $ 8,601.03

TOTAL TRUST FUNDS

$2,336,140.18 $1,403,430.53 $1,165,905.72 $2,573,664.99

* A. A. Lowe Transferred to G.S.'C.W. ** Transferred to G.S.C.W. *** Transferred to Tech.

NOTE:

Funds with no balance beginning of year are those transferred from loan to Endowment Fund. All corpus except notes were transferred. Notes were left in loan funds.

-58-

Schedule E-2-1
THE U N I V E R S I T Y OF GEORGIA ATHENS, GEORGIA

SUMMARY OF TRUST FUND INVESTMENTS For Year Ended June 30; 1949

ENDOWMENT FUNDS Bonds, Governmental Bonds, Commercial Stocks, Common Stocks, Preferred Campus Rea! Estate Off Campus Real Estate Loans on Off Campus Real Estate
TOTAL ENDOWMENT FUNDS
LOAN FUNDS Bonds, Governmental Bonds, Commercial Stocks, Common Stocks, Preferred Campus Real Estate Off Campus Real Estate Student Notes Receivable
TOTAL LOAN FUNDS
MISCELLANEOUS FUNDS Savings Account - Athens Federal Savings
and Loan Association
TOTAL TRUST FUND INVESTMENTS

Book Value

Market Value

$ 1 , 6 6 6 , 5 0 5 o 00 9,700,00
139,8 3 4 o 20
330,837 91 40,065 o68 27,000.00
$2,213,942.79

$1,667,759.45 8,705.42
174,849.82
330,837.91* 127,500.00
27,000.00 $2,336,652.60

$ 230,475.00 $ 230,048.00

co o o o

192,199.14 78,299.07
106,672.30 $ 607,675.51

192,199.14* 78,299.07
106,672.30 $ 607,218.51

$

6,000.00 $

6,000.00

$2,827,618.30 $2,949,871.11

Market values of real estate stated at book value since it is not owned by Trust Funds The investment is in the nature of a loan

-59 =

THE U N I V ERSITY OF GEORGIA ATHENS, GEORGIA

Schedule E =2 =2

ENDOWMENT - GOVERNMENTAL BONDS For Year En d e d June 30* 1949

AthenSj City of Atlanta, City of Atlanta, City of Columbus| City of Columbus I City of Columbus, City of Decatur, City of Georgia, State of Mariettas City of Muscogee s County of Muscogee J County of Savannah, City of Savannah, City of Savannah; City of
U.S. Treasury t Series A U.S. Treasury = Series E u.s. Treasury - Series F u.s. Treasury = Series F
6 U s. Treasury = Series F
u.s. Treasury = Series G u.s. Treasury Series F u.s, Treasury - Series G u.s. Treasury = Series F u.s. Treasury - Series F u.s. Treasury - Series F
Treasury = Series G Treasury = Series G U.S, Treasury - Series F U.S, Treasury = Series G Treasury = Series F Treasury = Series G Treasury = Series F Treasury = Series F Treasury - Series G
u.s. Treasury Series F u.s, Treasury | Series G u.s, Treasury Series F u.s. Treasury = Series G u.s. Treasury = Series G u.s, Treasury = Series G u.s. Treasury = Series F u.s. Treasury = Series F u.s. Treasury - Series F u.s. Treasury = Series G u.s. Treasury = Series G u.s. Treasury * Series G

Rate of Interest
5% 4/4% 4/4% 3%% 4V2%
5% 4%%
5% 4Vz% 4V2%
3% 4/4% 4 y2% m% 1/4% 2.53% 2.53% 2,53% 2 V2% 2.53% 2/4% 2.53% 2.53% 2.53% 2 y2% mo 2.53% 2/4% VA% 2 lA% 2.53% 1/4% 2/4% 1/4% 2/4% 1/4% 2/4% 2V2% 2/4% 2%% 2,75% 2 XA% 2/4% 2V2% 2/4%

Maturity Date

Book Value

5=1=52 7=1=50 7=1=56 2=1=53 9=1=54 7=1=50 9=1=52
8=1=51 4=1=55 4=1=56 12=15=59 8=1=55 2=1=59 1=1=50 6=1=50 6=1=55 7=1=55 10=1=55 11=1=55 11=1=55 1=1=56 2=1=56 4=1=56 6=1=56 6=1=56 7=1=56 7=1=56 12=15=56 12=1=56 1=1=57 2=1=57 5=1=57 6=15=57 6=15=57 7=1=57 8=1=57 8=1=57 2=1=58 7=1=58 9=15=59 12=1=60 6=15=62 6=15=72=67 6=1=71 12=15=72=67

S 1; 000.. 00 2,000,00 1,000,00 1,000.00 5,000.00 6,,000.00 7,000.00
100,000.00 2,000.00 4,000,00 2,000.00 1,000,00 1,000.00
27,000.00 133,650.00
8,000.00 1,000,00 1,325.00
200.00 59,000.00
40,000.00 50.00
1,800,00 350.00
37,000.00 12 450,,00
200.00 33,600.00
1,000.00 1,000.00 35,000.00
175.00 1,200.00
100.00 20,135.00
500.00 500.00 413,250.00 47,000.00 740.00 3,000.00 5,500.00 100,000.00 477,650.00

o in

o LO

o o

o o

o 00 oo "if r-4

Marke t Value
S 1,097.50 2,120.00 1,191.40 1,070,00 5,733.00 6,203.40 7,662,20
100,000,00
4,629.60 2,318.00 1,088.20 1,166.50 32,543.10 133,650.00 8,000.00
822.00 1,089.15
164.40 59,000.00
41. 10 40,000.00
40.45 1,456.20
283.15 37,000.00 12 450.00
161.80 33,600.00
770.00 1,000.00 27,893.00
137.00 1,200.00
77.00 20,135.00
38.50 500.00 500.00 413,250.00 47,662.00 740.00 3,000.00 5,500,00 100,000.00 477,993.00

=>60"

THE U N I V E R S I T Y OF GE O R G I A Schedule E-2-3 ATHENS, GEORGIA

ENDOWMENT - GOVERNMENTAL BONDS For Year E nded June 30, ,1949

Rate of Interest

Maturity Pate

Book Value

Market Value

m
to o o o

U.S. Treasury - Series F U.S. Treasury - Series F U.S. Treasury - Series F U.S. Treasury - Series G
TOTAL GOVERNMENTAL BONDS

2%% 3%
2.75% 2 lA%

12-15=53 9-15-55 10-1-59 3-1-61

00 $ 800. 00 740. 00 67,490. 00

1,748. 00 656. 00 745. 00
67,490. 00

$1,666,505. 00 $1,667,759. 45

ENDOWMENT - STOCKS COMMON For Year Ended June 30, 1949

American Car & Foundry Company American Locomotive American Telephone & Telegraph Company Augusta-Savannah Railway Company Bibb Manufacturing Company Blanchard and Booth Land Company of Florida Perkins Hosiery Mills

20 shares 100 shares
60 shares 15 shares 4,699 shares Vi share 5 shares 96

TOTAL STOCKS

$ 2,020.00 10,925.00 7,788.20 1,500.00
117,475.00 25.00
100,00 i.oa
$139,834.20

$

461:38

1,354.69

8,565.00

3.75

164,465.00

$174,849.82

ENDOWMENT - COMMERCIAL BONDS For Year En d e d June 30, 1949

Cities Service Company TOTAL COMMERCIAL BONDS

3%

1-1-1977

$ 9,700.00 $ 8,705.42

$ 9,700.00 $ 8,705.42

LOAN FUNDS - GOVERNMENTAL BONDS For Y e a t 'Ended June 30, 1949

U.S. Treasury - Series A U.S. Treasury - Series E U.S. Treasury -- Series G U.S. Treasury - Series G U.S. Treasury - Series G U.S. Treasury - Series F U.S. Treasury - Series G U.S. Treasury - Series G U.S. Treasury - Series F U.S. Treasury - Series G U.S. Treasury - Series G

1%% 1%% 2V%% 2 V2% 2%% 2.53% 2 lA% 2 V,% 2%% 2%% 2lA%

1-1-50 6-1-50 11-1-55 7-1-56 12-15-56 2-1-57 7-1-57 7-1-58 9-15-59 12-15-72-67 3-1-61

$ 16,350.00 15,000.00 31,000,00 12,550.00 9,400.00 8,000.00 4,865.00 10,450.00
6 ,0 0 0 .0 0
84,350.00 32,510.00

$ 16,350.00 15,000.00 31,000.00 12,550.00 9,400.00 6,378.00 4,865.00 10,450.00 6,133.00 85,412.00 32,510.00

TOTAL GOVERNMENTAL BONDS

$230,475.00 $230,048.00

61-

Schedule E-2-4
THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA
LOAN - STOCKS COMMON For Year Ended June 30, 1949

Pittsburg Placer Gold Mine Company TOTAL

200 shares

Book Value
$30.00

$30.00

Market Value
$--

Schedule F
THE UNIVERSITY OF GEORGIA
ATHENS, GEORGIA

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1949

CURRENT FUNDS General Restricted Auxiliary General Extension
TOTAL CURRENT FUNDS
AGENCY FUNDS
TRUST FUNDS Miscellaneous Endowment Loan
TOTAL TRUST FUNDS
TOTAL

Cash Bai ance Ju l y 1, 1948

Receipts For Year

Di sbursements Cash Balance

For Year

J u n e 30, 1949

$ 21,301.59 437,840.50 -31,190.05 -18,228.42
$409,723.62
$202,959.47

$3,613,984.66 406,779.80
1,276,911.04 276,228.34
$5,573,903.84

$3,472,696.37 995,590.32
1,235,597.44 221,095.50
$5,924,979.64

$ 964,640.64 $ 928,141.44

$162,589.88 -150,970.03
10,123.55 36,904.42 $ 58,647.82
$239,458.68

$ 41,903.46
103,712.31 $145,615.77
$758,298,86

$ 9,112.88 52,235.35
379,805.92 $ 441,154.15

$ 6,511.85 128,279.87 383,000.71
$ 517,792.43

$6,979,698.64 $7,370,913.51

$ 2,601.03 -34,141.06 100,517.52
$ 68,977.49
$367,083.99

BANK BALANCES

General, Restricted, Auxiliary & Extension National Bank of Athens Cash on Hand
Trust Funds National Bank of Athens C. & S. National Bank, Atlanta Cash on Hand
TOTAL

$ 274,600,94 23,505.56

$ 298,106 50

$ 63,124.75 4,220.59 1,632.15 $ 68,977.49

$ 367,083,99

-63-

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule G

AGENCY FUNDS For Year Ended June 30, 1949

Balance Beginning
Of Year

Receipts For Year

Disbursements For Year

Balance End
Of Year

Student Activities - General Religious Activities Interfraternity Council Breakage -- General Commemorative Plates Demosthenian Chemistry Breakage Forestry School Experimental Forestry Forestry Camp Georgia Power Company Gift for Pharmacy Institute Study Ga, Problems Military Deposits Music Red & Black Reserve Red & Black Sears, Roebuck Scholarship State Home Demonstration Vocational Rehabilitation Womans A u x i l i a r y Ga, P, Prizes Student Activities Orchestra Faculty Flowers Com0 Concert Home Management P h o . Do Thesis Study of Georgia Negro Family Life Conference Art Auction Traffic Fine Como on Use Resources Lectures Unallocated W o m e n 11s Social Fund Terry Timmermen Bacteriology Breakage Farm Short Course GoOoPo Social Alumni Secretary Fertilizer Experiment Founders Memorial Garden Sigma Nu House

i--i bo CO K-* 00

S 19,732,81 1,560,51 8,085,29 3,354,60 1,275,77
7,188,52
2,831,82 107,41 170,71 182,19 944,53
30,505,79 6,894,96 446,41 3,938,85 708,37 302,69 345,65
39,75 1,865,18
1,39 338,64 3,346,51
50,00 175,00 147,27 1,029,26
79,00 225,00 932,60
398,02 128,43
l r8 9 3 , 15 5,570,66
655,63 985,56

$165,145,28 5,782,25
16,203,94 6,172,00 438,17 250,00 4, 433,67 100,00 2,915,62 2,047,50
36,699,60 14,714,57
2,000,00 1,816,63
103,00 370,75
2,400,00 56,37
10,519,25 13,032,92
50,00
261,35 1,567,30 2,247,35
3,010,74 1,500,00 1,250,00
750,00 264,66
4,199,97 27,130,94
422,34 2,744,00 4,145,50

$162,585,38 6,222,56
17,153,82 4,569,32 586,03 250,00 7,902,09 100,00 3,146,89 1,144,10
22,29 944,53 32,083,23 10,592,62 446,41
90,00 1,841,63
334,77 370,75
14,40
2,234,98 33,95
10,234,43 14,927,25
250,00 1,990 84
86,65
3,040,75 1,500,00 1,031,83
750,00 277,91
39,92 4,912,42 29,024,09 5,453,01 2,979,37 4,303,81

$ 22,292,71 1,120,20 7,135,41 4,957,28 1,127,91
3,720,10
2,600,55 795,99 170,71 159,90
35,122,16 11,016,91
5,848,85 683,37 70,92 345,65 173,78 39,75
2,030,20 23,81
623,46 1,452,18
100,00 175,00 158,62 605,72 2,239,70 225,00 902,59
218,17
384,77 88,51
- 712,45
539,99 420,26 827,25

=64

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule G (Cont'd)

AGENCY FUNDS For Year Ended June 30, 1949

Balance Beginning
Of Year

Shorter Fund

$ 1,393.10

Lectures - Scientific

184.18

Bur. Business Research

127.99

Victory Fund Scholarship

290.60

Campus Socials

157.72

Physics Breakage

916.66

Pharmacy Breakage

31.11

Home Ec. School Lunch

3,240.08

Vending Machine

1,828.21

Cotton Standard

36.42

University of Georgia Foundation-3, 000.00

Pharmacy Scholarship

151.75

Atlanta Constitution

225.00

Dem. School Cafe

1,900.94

Art Exhibit

166.30

Intramural

43.59

Industrial Arts

512.83

Alumni Scholarship

47.74

Egg Grading

2.25

Alpha Phi Omega

50.00

Agency Acct-Savannah

Agency Acct. - Waycross

Agency Acct. - Columbus

Public Occasions

Georgia Power Company Rights

150.00

Borden C o 0 F o u 0 Sch.

900.00

Burpee Prize

Typing Vet. Thesis

- 370.69

American Phar. Stud.

92140

Union Bag Scholarship

3,065.00

Student Union

48.44

President's Dinner

Leadman8s Scholarship

Towel Deposit

236.56

G.E.B. Sou. Edu. Film Ago Engr. Scholarship

-3,000.24

Ga. Feed Scholarship

400.00

Federal Housing Project

32,134.39

Atlanta Broadcasting Company

Model Fee

Room Breakage Deposit Student Clubs Student Papers Veterans Reader Service

21,890.00 6.65
1,999.99

Movie Project

567.00

Receipts For Year

Disbursements For Year

Balance End
Of Year

$ 2,668.00
1,250.00 46.29
1,691.45 36.42
3,000.00
15,884.30 399.99
8,583.69 1,727.00
206.50 122.50 361.40 896.08
1,500.00 100.00
1,189.53
3,200.00 8,557.15
451.75 300.00 662.00 96,268.83 325.00
107,007.40 255.02 116.00
11,697.75 10,750.02 31,550.01
177.56 4,003.49

$ 3,148.59 149.44
290.60 704.13
27.73
3,446.95

$

912.51

34.74

127.99

703.59 962.95
3. 38 3,240.08
72.70

14,288.47 474.31
8,355.83 1,871.00
47.74 2.25
206.50 122.50 361.40 896.08
300.00 100.00 1,346.60
92140 2,000.00 8,441.72
451.75 270.00 508.58 89,303.65 324.98 300.00 101,928.77 255.02 107.94 9,897.7S 10,666.66 31,550.00 798.75 3,591.05

i--* o o o

151.75 215.00 3,496.77
91.98 271.45 368.83
50.00
150.00 2,100.00
527.76
4,265.00 66.99
30.00 389.98 3,964.94
. 02 100.00 37,213.02
8.06 23,690.00
90. 01 2,000.00
621.19 979.44

= 65-

THE U N I V E R S I T Y OF GEORGIA ATHENS, GEORGIA

Schedule G (Cont'd)

AGENCY FUNDS For Year En d e d June 30, 1949

Balance Beginning
Of Year

Receipts For Year

Disbursements For Year

Balance End
Of Year

Schaffer Poultry School Kroger Scholarship Pi K,A, Student Veteran Organization University Band Portrait Account

S 1,200,00 200,01 211,00 485,63
215,50 $174,979,68

$ 1,600,00 $

800,00

800,00

799,96

4,332,87

4,034,12

485,63

4,642,50

4,043,97

$661,106,17 $640,274,86

$ 2,000,00 200,05 509,75
598,53 215,50 $195,810,99

Withholding Tax

-

$ 17,572,06

Retirement

5,016,72

Hospitalization Insurance

683,99

Re s e r v e for R e g i s t r a t i o n Dep, 6,07,5,00

Meal Deposits

$186,385,58 54,729,13 6,146,34 480,00 55,793,43

$175,260,70 48,223,62 5,928,83 2,760,00 55,693,43

$ 28,696,94 11,522,23 466,48 3,795,00 100,00

TOTAL

$202,959,47 $964,640,65 $928,141,44 $239,458,68

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule H-l

I

STATEMENT OF INVESTMENT IN PLANT

For Year En d e d June 30, 1949

Year Acquired

A, LAND Franklin Campus 37 acres 13 acres 13 acres (Jackson St.) 7 acres Prince Ave. (Presidents Home) College of Agriculture 150 acres Coordinate Campus 40 acres 17 acres TOTAL CAMPUS

1804 1937=38 1937=42
1949
1928
1861927

Off Campus * 150 acres (Denmark) ** 870 acres
1875 acres (Whitehall) 462 acres (Hardman) 607 acres (Watson Springs) TOTAL OiT"*-Campus

1914 1928 1936 1936 1933

TOTAL LAND

Investment Beginning
Of Year

Additions

$ 55, 500o00 19,500.00 25,000.00

45,000,,00
45,600.00 $190,600,,00
I 7,500,,00 32,650,,00 18,675.00 2,500,,00 9,000., 00
$ 70,325. 00
$260,925,,00

Deductions

Investment End Of Year

$ 55,500.00 19,500.00 25,000.00

45,000.00
45,600.00 $190,600.00
$ 7,500.00 32,650.00 18,675.00 2,500.00 9,000.00
$ 70,325.00
$260,925.00

This tract bought by Denmark Dining Hall and later deeded to the Trustees
This acreage was composed of over 50 small parcels of land, bought with assistance of George Foster Peabody by the Trustees of the Alumni Association and deeded to the University in 1928 in a single deed.

=67=

Schedule H-2
THE U NIVERSITY OF GEORGIA
ATHENS, GEORGIA

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1949

Year Acquired

Investment Beginning
Of Year

Additions Deductions

Investment End Of Year

B. BUILDINGS Franklin Ceanpus Academic Art Classroom Athletic Office Baldwin Hall Boiler Roan Brown Dormitory Business Admin, Annex Candler Hall Chancellor House Chapel Chemistry Annex Clarke Howell Commerce-Journalism Costa Crawford Long Crawford Long Annex Demosthenian Hall Demark Hall Field House A Field House B Fine Arts Garage & Shop Graduate Dormitory Greenhouse Hirsh Law Infirmary (Gilbert) Language & Letters LeConte Hall Library (Peabody) Library Annex Lucas House Lumpkin House Lumpkin House Annex Lustrat House Meigs Hall Memorial Hall Military Building Milledge Hall Mi Hedge Annex Moore College New College Old College Peabody Hall

1904 1948 1929 1938 1948 1932 1948 1901 1855 1855 1948 1937 1927
1824 1901 1929 1929 1941 1942 1940 1948 1932 1942 1938 1937 1903 1948
1850 1850 1947 1905 1923 1931 192M39) 1940 1874 1823 1801 1913

$ 175,000.00 24,000.00 1,000.00
286,393.11 2,565.00
150,000.00 29,574.00
101,356.71 10,000.00 40,000.00 48,276.00 46,888.00
505,000.00 25,146.25 4,000.00 3,000.00 15,000.00 50,000.00 2,000.00 1,000.00
365,200.00 13,811.38 70,600.00 19,038.59
150,000.00 218,936.22 148,000.00
95,300.00 150,000.00
38,151.00 8,000.00
10,000.00 800.00
11,000.00 60,000.00 386,721.52 25,000.00 150,000.00 92,000.00 70,000.00 60,000.00 101,356.72 100,000.00

$ 3,429.00 144.35
1,244.01 48.05 84.44
19,646.12
37,930.04 9,694.66 4,986.34 491.11

$ 178,429.00 24,144.35 1,000.00
287,637.12 2,565.00
150,000.00 29,622.05
101,356.71 10,000.00 40,000.00 48,360.44 46,888.00
524,646.12 25,146.25 4,000.00 3,000.00 15,000.00 50,000.00 2,000.00 1,000.00
365,200.00 13,811.38 70,600.00 19,038.59
150,000.00 256,866.26 148,000.00
95,300.00 156,694.66
43,137.34 8,000.00
10,491.11 800.00
11,000.00 60,000.00 386,721.52 25,000.00 150,000.00 92,000.00 70,000.00 60,000.00 101,356.72 100,000.00

- 68=

Schedule H-2 (Cont'd)
THE U NIVERSITY OF GEORGIA
ATHENS, GEORGIA

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1949

ritti mivrnQ

Year Acquired

Investment Beginning Of Year

Investment End Of
Additions Deductions Year

Phi Kappa Hall

1834 $

Reed House

1807

Residence-325 Jackson 1937-42

Residence-365 Jackson 1942

Residence-375 Jackson 1937-42

Residence-385 Jackson 1937-42

Residence-393 Jackson 1937-42

Residence-397 Jackson 1937-42

Stegeman Hall

1943

Storeroom-Jackson

1938

Strahan House

1856

Terrell Hall

1904

Woodruff Hall

1924

Boys Dorm. (Tucker &

Howe 11)

10,000,00 5 ,000,00 3 s000.00 4,500.00 3,500,00 3,000 o00 2,500.00 2,500 o00
438,000 .00 2,000.00
10,000.00 $ 2,036.49 90,000.00 75,000.00
9,172.50

$ 10,000.00 5,000.00 3.000.00 4,500.00 3,500.00 3,000.00 2,500.00 2,500.00
438,000.00 2,000.00
12,036.49 90,000.00 75,000.00
9,172.50

TOTAL FRANKLIN CAMPUS $4,513,114,50 $88,907.11

$4,602,021.61

Presidents Home

College of Agriculture

AAA Building

1940

Abattoir (Incomplete) 1948

Barracks A (Fain)

1942

Barracks B (Dudley)

1942

Barracks C (Griggs)

1942

Barrow Hall

1911

Barrow Hall Shop

1936

Boiler House A

Boiler House B

1942

Boiler House C

1948

Cafeteria (Snelling)

1940

Camp Wilkins

1925

Cavalry Barn

1920

Cavalry Feed Barn

1926

Cavalry Barn Annex

1936

Cavalry Office (Shack) 1930

Cavalry B sSmith Shop

1920

Connor Hall

1908

Dairy Products

1940

Dawson Hall

1932

Field House

1943

Food Processing (Canning)1934

Food Processing(Meat)

Forrestry

1940

Four-H Club

$38,275.00
$ 50,000,00 13,500.00 60,000.00 30,000.00 30,000.00 75,000.00 8,000.00 5,000.00 5,000.00 9,000.00
133,000.00 40,000.00 7,500.00 1,000.00 600.00 500.00 400.00
200,000.00 120,500.00 $ 216.00 175,000.00 8,563.57
54,336.61 3,000.00
50,000.00 2,190.75 122,000.00
3,000.00

$ 38,275.00
$ 50,000.00 13,500.00 60,000.00 30,000.00 30,000.00 75,000.00 8,000.00 5,000.00 5,000.00 9,000.00
133,000.00 40,000.00 7,500.00 1,000.00 600.00 500.00 400.00
200,000.00 120,716.00 183,563.57
54,336.61 3,000.00
52,190.75 122,000.00
3,000.00

-69

Schedule H-2 (Cont'd)
T HE UN IVE R S I TY OF GEORG IA ATHENS, GEORGIA
STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30 1949

Year Acquired

Investment Beginning
Of Year

Additions

Investment End Of
Deductions

BUILDINGS (Cont8d )

College of Agriculture

Garage near Poultry Bldg, 1913

Garage near 1195 Lumpkin

Greenhouse (Veg, &

Flowers

1914

Greenhouse (Research)

1948

Hardman Hall

1919

Hoke Smith Extension

1938

Home Mgt, A,

1940

Hcane Mgt, B.

1940

Home Mgt, C,

1940

Home Mgt, D

1940

Laundry

1942

Dry Cleaning Plant

1942

Boiler Room

1942

Gas House

1942

Repair Shop

1942

Lumpkin Hall

1829

Mary Lyndon Hall

1937

Nursery School

1940

Paint & Janitor Shop

1919

Physical Education

1929

Plant Pathology

1915

Poultry

1913

Residence-1195 Lumpkin

Boiler House,Rear Poultry 1913

Residence, Rear 1195

Lumpkin

1945

Residence, 223 Burnet St, 1929

Residence, 225 Burnet St, 1929

Residence, 245 Burnet St, 1929

ELCL T 0C, Classroom

1947

Rutherford Hall

1939

Shop -- Grounds

Soule Hall

1919

University Store

1943

Veterinary Building

1947

Veterinary Clinic No. 1 1948

Veterinary Clinic No. 2 1948

Veterinary Medicine

1948

Warehouse,Rear AAA Bldg. 1940

Warehouse No.1 on EH

1948

Warehouse N o 02 on RR

1948

TOTAL COLLEGE OF AGRIC.

$

200.00

200.00

5,300.00 46,227.01 45,000 00 78,300.00 15,000.00 15.000.00 15,000.00 15,000.00 30,500.00
4,500.00 2.000.00
500,00 500.00 10,000.00 102,400.00 35,000.00 500.00 150,000.00 $ 15,000.00 15,000.00 3,000.00 200.00

3,262.76

800.00

1,000.00

1,000.00

1,000.00

15,390.00

143,500.00

2,000.00

125.000,00

3,500.00

16,614c 00

18,000.00

12,000.00

15.20

95,163.03 *

466,073.37

2,000.00

9,000.00

9,000.00

V T , 160,467.62 1575,484.68----

$

200.00

200.00

5,300.00 46,227.01 45,000.00 78,300.00 15,000.00 15,000.00 15,000.00 15,000.00 30,500.00
4,500.00 2,000.00
500.00 500.00 10,000.00 102,400.00 35,000.00 500.00 153,262.76 15,000.00 15,000.00 3,000.00 200.00

800.00 1,000.00 1.000.00 1,000.00 15,390.00 143,500.00 2,000.00 125,000.00

oo

oo

VO

CO

16,614.00 18,000.00 12 015.20 561,236.40

oo

o

o

CM

9 000.00 9 000.00 $2.735:9500"

-70=

Schedule H-2 (Cnt'd)

TBE UNIVERSITY'OF GEORGIA

l

ATHENS, GEORGIA

STATEMENT OF INVESTMENT IN PLANT

\

For Year Ended June 30, 1949

Year Acquired

Investment Beginning Of Year

Additions Deductions

Investment End Of Year

BUILDINGS ( C o n t 'd)

Coordinate Campus Barn Br adw ell Hall

1927 1 1896

500 o00 50,000.00

Carnegie Library

1909

35,000.00

Cobb House

1909

5,000.00

Dozier School

1911

1,500.00

Gilmer Hall

1860

65,000.00

Infirmary

1916

5,000.00

Miller Hall

1917

85,000.00

Old Auditorium

1898

12,000.00

Pound Auditorium

1917

75,000.00

Powell House

1894

6,000.00

Residence-Foreman

1927

2,500.00

Sr. Hall (Rhodes) Shop, Agriculture

1906 1927

40,000.00 500.00

Smith Building Training School

1906 1902

45,000.00 30,000.00

White House

1899

1,000.00

Winnie Davis Hall

1902

40,000.00

TOTAL COORDINATE CAMPUS

S 499,000.00

Farms 2 Houses,sw pot.Agr.Eng.

1941 s

2 Houses,sw pot.Agr.Eng.

1941

1 House,Inst. Agr, Eng.

1941

1 House, Tool Agr. Eng.

1941

1 H o u s e , 10x16 Agr. Eng.

1946

1 House, Exp. Agr. Eng.

1 House, Exp. Agr. Eng.

Barn, Dairy Animal Husb.

1915

Barn, Hog Animal Husb.

Barn, Horse Animal Husb.

Barn, Isolation Animal Husb.1923

Barn, Mule Animal Husb.

1934

Bullpens Animal Husb.

1934

Implement Shed. Ani. Husb. 1920

Office, F o r e m a n 's

Animal Husb.

1927

Residence A -

Carlton Ave. Ani. Husb. 1915

Residence B -

Carlton Ave. Ani. Husb. 1915

Residence Duplex Ani. Husb . 1912

400.00 680.00
50.00 200.00 400.00 1,000.00 300.00 40,000.00 1,500.00
1,200.00 3,000.00
600.00 1,000.00
250.00
600.00
600.00 1,200.00

o o o o o 'i*

$

500.00

50,000.00

35,000.00

5,000.00

1,500.00

65,000.00

5,000.00

85,000.00

12, 000.00

75,000.00 6 , 000.00

2,500.00

40,000.00

500.00

45,000.00

30,000.00 1 , 000.00

40,000.00

$ 499,000.00

$

400.00

680.00

50.00 200.00

400.00 1 , 000.00

300.00

40,000.00

1,500.00

4,000.00

1,200.00

3,000.00

600.00

1,000.00

250.00

600.00

600.00 1, 200.00

71

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule H-2 (Cont'd)

STATEMENT OF INVESTMENT IN PLANT For Year En d e d Ju n e 30, 1949

Year Acquired

Investment Beginning
Of Year

Additions Deductions

Investment End Of Year

BUILDINGS (Cont'd)

Farms

Residence A

New Dairy B a m Ani. Husb. 1912

Residence B

New Dairy B a m Ani, Husb. 1912

Residence C

New Dairy B a m Ani . Husb. 1915

Residence near RR Ani. Husb. 1909

Scale Shed Animal Husb.

1929

1 Brooder House 16x80 Poultry 1940

1 Brooder House 18x18 Poultry 1940

1 Brooder House 16x46 Poultry 1940

1 Brooder House 16x18 Poultry 1940

6 Brooder Houses 14x16 " .,? 1940

6Brooder Houses 12x14 " 1940

3 Brooder Houses 15x16 " 1940

3 Brooder Houses 16x20 " 1940

2 Brooder Houses 20x20 "

1940

1 Brooder & Incubator

Building Poultry

1940

1 Brooder House 24x11 Poultry 1943

1 Feed & Lab. Bldg. Poultry 1942

Grading & Packing Poultry 1942

Killing & Dressing Poultry

59 Laying Test Bldg.

12x14

Poultry

3 Laying Houses 20x50 Poultry

1 Laying House 20x50 Poultry

6 Laying Houses 14x24 Poultry

1 Laying House 12x14 Poultry

10 Range Houses 11x12 Poultry

1 Residence

Poultry

Hardman Memorial Forest

Dwelling

Forestry 1936

Barn

For