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

Forestry 1936

Oconee & Denmark

Barn

Hort. 1936

Cabin

Forestry 1936

5 Dwellings

Hort. 1944

Garage & Shed

Hort. 1936

Log Cabin

Forestry

Mach. Shed& Shop Hort. 1938-39

Nursery Building Forestry

Office

Hort. 1935

Storage Shed

Hort.

1941

$

900.00

900.00

900.00 2,500.00
250.00 1,100.00 1,200.00
600.00 250.00 1,200.00 900.00 525.00 600.00 450.00

8,000.00 5,000.00 7,000.00
800.00 3,000.00

14,750.00 3,000.00 400.00 1,800.00 200.00 350.00 3,000.00

400.00 100.00

2,000.00 200.00
10,000.00 600.00 400.00 700,00 600.00 300.00 600.00

S 900.00
900.00
900.00 2,500.00
250.00 1,100.00 1,200.00
600.00 250.00 1,200.00 900.00 525.00 600.00 450.00
8,000.00 5,000.00 7,000.00
800.00 3,000.00
14,750.00 3,000.00
400.00
1,800.00
200.00 350.00 3,000.00
400.00 100.00
2,000.00 200.00
10,000.00
600.00
400.00 700.00 600.00 300.00 600.00

-72-

Schedule H-2 ( C o n t 'd)
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

BUILDINGS ( C o n t 'd)

Farms

Oconee & Denmark (Cont'd)

Sweet Potato House Hort.

1942

Veg. Grading House Hort 1943

Watson Springs

Barn

Forestry 1933

Cottage

Forestry 1933

House

Forestry 1933

Store House

Forestry 1933

Store House No,2

Forestry 1933

Whitehall

Barn

Agronomy 1936

Dwelling

Agronomy 1936

Field Shed (a)

Agronomy 1936

Field Shed (b)

Agronomy 1936

Storage House

Agronomy 1936

Storage House

Agronomy 1936

Tenant House (a)

Agronomy 1936

Tenant House (b)

Agronomy 1936

Tenant House (c)

Agronomy 1936

Tenant House (d)

Agronomy 1936

Tool House (Small) Agronomy 1936

Tool House (Large) Agronomy 1936

Barn (a)

Animal Husb, 1936

Barn (b)

Animal Husb. 1936

Barn Feed & Scales Ani, Husb, 1936

4 Hog Houses

Animal Husb, 1936

5 Hog Houses

Animal Husb, 1936

2 Tenant Houses Animal Husb, 1936

2 Tenant Houses Animal Husb, 1936

Barn5 Brick

Forestry 1936

Dwelling, Brick

Forestry 1936

House No, 1

Forestry 1936

House No. 2

Forestry 1936

House No. 3

Forestry 1936

House No. 4

Forestry 1936

Shed

Forestry 1936

Barn

Poultry 1936

Dwelling A

Poultry 1936

Dwelling B

Poultry 1936

Garage

Poultry 1936

Laying House 24x110 Poultry 1936

Laying House 20x130 Poultry 1936

20 Range Houses 10x10 Poultry 1936

4 Range Houses 22x34 Poultry 1936

S 1,500.00 1,200 00
500.00 500.00 1,000.00 100,00 100.00
1,000.00 500.00 200.00 50.00 15.00 15.00
2,000.00 1,000.00
400,00 300,00
30.00 400.00 300,00 500,00 1,500.00 2,000.00 125,00 2,000,00 3,000.00 600,00 5,500.00 600.00 450,00 500.00 450,00 300.00 2,000.00 4,000.00 1,400.00
20.00 1,200,00 1,200.00
400.00 300,00

S 1,500. 00 1,200.00
500.00 500,00 1,000.00 100.00 100.00
1,000.00 500.00 200.00 50.00 15.00 15.00
2,000,00 1,000.00
400.00 300.00
30.00 400.00 300.00 500.00 1,500.00 2,000.00 125.00 2,000.00 3,000,00 600.00 5,500.00 600.00 450.00 500.00 450.00 300.00 2,000.00 4,000.00 1,400.00
20.00 1,200.00 1,200.00
400.00 300.00

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

Schedule H-2 (Cont'd)

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 (Cont'd)

Whitehall (Cont'd)

Remodeled Poultry House Poultry 1936

Shop

Poultry 1936

Smokehouse

Poultry 1936

TOTAL FARMS

S 1,200.00 20.00 40.00
$ 172,870.00

$ 1,200.00 20.00 40.00
$ 172,870.00

TOTAL BUILDINGS

$7,345,452.12 $702,666.79

$8,048,118.91

* Adjustment

-74-

THE UNIVERSITY OF GEORGIA ATHENS, GEORGIA

Schedule H-2 (Cont'd)

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

Investment Beginning
Of Year

Additions

Deductions

Investment End 0 f Year

C, IMPROVEMENTS OTHER THAN BLDGS. Streets & Sidewalks Lighting System Heating System Water System

233,082.00 37,425.00 85,661.11 12,548.36

5,287.73 1,305.42 6,710.59 2,451.64

TOTAL IMPROVEMENTS OTHER THAN BLDGS.$ 368,716.47 $ 15,755.38

D. EQUIPMENT Administrative Physical Plant Library Instructional Dept. Organized Research Extension Dormitories Dining Halls Presidents Home Printing Press Laundry Book Stores Athletic Department Store Room V.RA. Farm Cow Testing
TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

$ 45,773.01 39,644.54
526,252.38 956,218.94
77,860.85 46,060.08 143,261.95 63,551.85
14,943.75 1,915.75
89,019.73 10,312.28 37,680.50 8,070.50 2,773.42 36,471.41

$> 7,118.54 37,854.48 78,392.53 92,254.54 30,454.49 10,815.36 4,257.28 2,000.28 1,786.00 5,459.40 873.35 146.00 2,717.23
798.67

$ 2,099,810.94 $ 274,928.15

$10,074,904.53 $ 993,350.32

238,369.73 38,730.42 92,371.70 15,000.00
384,471.85
$ 52,891.55 77,499.02
604,644.91 1,048,473.48
108,315.34 56,875.44
147,519.23 65 552 13 1,786.00 20,403.15 2,789.10 89 165 73 13 029 51 37 6ftfl 3D 8,070.50 2,773.42 36,471.41 798.67
$ 2,374,739.09
$11,068.254.85

-75

THE UN I V E R S I T Y OF GEORGIA ATLANTA DIVISION
FINANCIAL REPORT FOR THE YEAR ENDING
J U N E 30, 1949
The University of Georgia Atlanta Division Atlanta, Georgia

THE U N I V ERSITY OF GEORGIA ATLANTA DIVISION Atlanta, Georgia

BALANCE SHEET June 30, 1949

lo C U R R E N T FUNDS Ac GENERAL Cash in Bank U.S. Goverment Bonds Accounts Receivable Due from Other Funds TOTAL GENERAL FUNDS
Be A U X I L I A R Y Cash in Bank Ac counts Receivable Stores (Inventory) TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

11. A G E N C Y FUNDS Cash in Bank Notes Receivable

1 1 lo

TOTAL AGENCY FUNDS
PHYSICAL PLANT Land and Improvements Buildings Equipment

TOTAL PHYSICAL PLANT FUNDS TOTAL ASSETS

ASSETS

$135;534,69 275,703:56 64,436/96 5,028 35

$480,703 56

$ 74,704 54 46,282 92 19,413 02

$140,40048

$ 621,104 04

$ 12,456 40
1, 666 00
$ 14,122 40

$171,161 91 539,8 9 3 ,, 68 190,921 95
$ 901,977:54
$1,-537,203.98

-78 =

THE UNIVER S I T Y OF GEORGIA
f
ATLANTA DIVISION Atlanta, Georgia

BALANCE SHEET June 30, 1949

LIABILITIES

1= CURRENT FUNDS A,, G E NERAL Accounts Payable Purchase Orders Outstanding Work in progress Unearned Income Surplus TOTAL GENERAL FUNDS

$

168=55

6,190=03

36,000=00

25,938=89

412,406=09

$480,703=56

Be A U X I L I A R Y Accounts Payable Reserve for Stores Surplus TOTAL AUXILIARY FUNDS

$ 8,658=19 19,413=02
112,329=27 $140,400=48

TOTAL CURRENT FUNDS

$ 621,104=04

111 AGENCY FUNDS Due to other Funds Fund Balances

$ 5,028=35 9,094=05

lllo

TOTAL AGENCY FUNDS
PHYSICAL PLANT Invested in Plant

$ 14,122.40 $901,977.54

TOTAL PHYSICAL PLANT FUNDS

$ 901,977=54

TOTAL LIABILITIES

$1,537,203.98

I
I
I
=79 =

THE UN I V E R S I T Y OF GEORGIA ATLANTA D IVI SION Atlanta, Georgia
STATEMENT OF EDUCATIONAL AND GENERAL INCOME For Ye a r E nded June 30, 1949

SOURCE
STUDENT FEES Non-Resident Tuition Matriculation Summer Session Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Operation
OTHER SOURCES Miscellaneous
TOTAL EDUCATIONAL AND GENERAL INCOME
NON-INCOME Old Checks cancelled
TOTAL EDUCATIONAL AND GENERAL RECEIPTS

General Income
$346,981.33 297,876.60 112,118.40 6,085.40
$763,061.73

$ 75,500.00

$

907.72

$839,469.45

1,708.50 $841,177.95

=80 -

THE UNIVERSITY OF GEORGIA ATLANTA DIVISION
Atlanta, Georgia

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

Total

Salaries & Wages

Object Classification Operating Supplies Equipment & Expense

Land, Building & Other
Improvements

Comptroller's Office Director's Office General Administrative Registrar's Office
TOTAL ADMIN. & GEN.
STUDENT WELFARE Dean of Men Dean of Women Placement Bureau
TOTAL STUDENT WELFARE
PHYSICAL PLANT
LIBRARY
INSTRUCTION Dean, Arts & Sciences Art Biology Business Administration Chemistry Drama Education English Geography & Geology History Journalism Mathematics Modern Languages Music Nursing Education Physical Education Physics Political Science Psychology Sociology Sumner School
TOTAL INSTRUCTION
TOTAL EDUC. & GEN. EXPENDITURES
NON-EXPENSE Purchase of U.S. Securities Reader Service General Extension TOTAL EDUC. & GEN. DISB.

$ 13,313.44 $ 12,751.18 $ 549.26 $

11,367.31 10,714.95

652.36

28,377.09

6,618.19 21,433.28

32,766.00 31,965.64

800.36

$ 85,823.84 $ 62,049.96 $23,435.26 $

13.00 325.62 338.62

$ 4,094.96 $ 4,081.50 $

920.91

920.91

2,400.00

2,400.00

$ 7,415.87 $ 7,402.41 $

13.46 13.46

$153,259.44 $ 52,705.42 $46,048.25 $11,140.42

$ 19,805.50 $ 9,465.27 $ 9,815.23 $ 525.00

$ 43,365.35

$ 5,866.39 11,951.74 20,460.43
112,627.56 14,708.58 3,906.93 11,465.73 37,896.67 3,548.59 10,098.72 5,733.88 19,610.18 22,215.44 36,071.19 19,045.48 11,895.24 11,794.77 9,201.03 10,180.31 4,215.60 60,491.40
$442,985.86

$ 4,615.46 6,135.12
14,718.23 106,337.25
10,262.82 3,900.00
10,763.41 37,435.25
2,400.00 9,924.78 5,624.94 19,607.90 21,891.63 12,259.88 15,403.21 10,382.18 7,484.61 9,150.00 9,660.84 4,215.60 60,464.66 $382,637.77

$ 1,250.93 65.49
2,338.56 5,427.79 2,901.10
6.93 519.03 302.22
69.12 77.04 108.94
2.28 226.66
67.92 1,988.99
570.75 694.41
51.03 356.89
26.74 $17,052.82

$ 5,751.13 3,403.64 862.52 1,544.66
183.29 159.20 1,079.47
96.90
97.15 23,743.39
1,653.28 942.31
3,615.75
162.58
$43,295.27

$709,290.51 $514,260.83 $96,365.02 $55,299.31

$ 43,365.35

$275,703.56 463.70 216.68
$985,674.45

-81-

THE UNIVERSITY OF GEORGIA ATLANTA DIVISION Atlanta, Georgia

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 30, 1949

Bookstore Office Building Rentals
TOTAL AUXILIARY INCOME

INCOME

$128,075*7.5 47 , 2 5 5 14
$175,330,89

EXPENDITURES

Total

Salaries and
Wages

Purchases for
Resale

Operating Supplies & Expense

Equipment and Other Capital
Additions

Bookstore Office Building

$124,098,45 $2,972,03 22,982,23 4,294,43

$120,723,95

$ 402,47 18,687,80

TOTAL AUXILIARY EXPENDITURES $147,080,68 $7,266,46 $120,723,95 $19,090,27

Student Credit Union Student Promotion Music Fund Account Retirement Collection Withholding Tax Collection Group Insurance
TOTAL AGENCY FUNDS

STATEMENT OF AGENCY FUNDS For Ye a r E nded June 30, 1949

Balance Beginning
Of Year

Receipts for
Year

Di sbursement s for Year

Balance End
Of Year

$3,425,94 3,173,80
, 429,69

$ 9,304,43 19,947,81 5,003,20 9,395,19 42,537,18 6,783,50

$ 7,636,83 18,303,76 2,856,20 9,395,19 42,537,18 6,815,18

$ 5,093,54 4,817,85 2,147,00
398,01

$7,029,43 $ 92,971,31 $87,544,34 $12,456,40

-82=

THE U N I V E R S I T Y OF GEORGIA ATLANTA DIVISION A t1an ta , Georgia

STATEMENT OF CHANGES IN CASH BALANCES For Year E n d e d Ju n e 30, 1949

GENERAL AUXILIARY TOTAL CURRENT FUNDS AGENCY FUNDS TOTAL

Cash Balance J u l y 1, 1948

Receipts For Year

Disbursements Cash Balance

For Year

J u n e 30, 1949

$280,031,19 $ 841,177,95$ 985,674,45 $135,534,69

46,454,33

175,330,89 147,080,68

74,704,54

$326,485,52 $1,016,508,84$1,132,755,13 $210,239,23

7,029,43

92,971,31

87,544,34

12,456,40

$333,514,95 $1,109,480,15$1,220,299,47 $222,695,63

FULTON NATIONAL BANK Operating Account Revenue Collection Account Student Promotion Office Building Account
TOTAL
C & S NATIONAL BANK Bookstore Music Fund Account
TOTAL
FIRST NATIONAL BANK Student Credit Union
TOTAL BANK BALANCE

BANK BALANCES

$ 109,996,69 25,936,01 4,817,85 70,585,72
$211,336,27

$

4,118,82

2,147,00

$ 6,265,82

5,093,54 $222,695,63

-83-

<

THE UNIVERSITY OF GEORGIA ATLANTA DIVISION Atlanta, Georgia

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

Ao L A N D Campus O f f "Campus TOTAL LAND
Bo B U I L D I N G S Administrative & Classroom Gymnasium DeKalb Extension TOTAL BUILDINGS
C. E Q U I P M E N T Administrative Offices & Class rooms Audi toriurn"G ymna s i u m Instructional Departments Library
' Physical Plant TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

Year Acquired
1 9 4 5 "47 1 9 4 5 "47
1945 1947 1942

Investment Beginning
Of Year
$166,961,91 4,200 o00
$171,161,91

Additions

Investment End
Of Year

v
$166,961,91 4,200,00
$171,161,91

$447,754,20 44,424,13 4,350,00
$496,528,33

$ 43,365,35 $ 43,365,35

$491,119,55 44,424,13 4,350,00
$539,893,68

$ 48,124,00 6,'513,50
31,299,61 40,000,00
$125,937,11

$

338,62

7,669,00

43,171,72

10,334,08

3,471,42

$ 64,984,84

$ 48,462,62 14,182,50 74,471,33 50,334,08 3,471,42
$190,921,95

$793,627,35 $108,350,19 $901,977,54

"8 4 "

E UNIVERSITY OF GEORGIA SAVANNAH DIVISION
FINANCIAL REPORT FOR THE YEAR ENDING
June 30, 1949
The University of Georgia Savannah Division Savannah, Georgia


P r esident Jon s t h o n C R ogers The University of Georgia Athens, Georgia

Dear President Rogers.0

I am submitting final report on the Savannah Division of

the University of Georgia, Although the Savannah Division was closed

as of June 30, 1948, it was n e c e s s a r y to hold some of our O r g a n i z a t i o n

intact in order to transfer and dispose of equipment. This report,

therefore, covers only a liquidation period which falls within the year

ended June 30, 1949. The report consists of the following schedules:

Statement of Educational and General Income Statement of Auxiliary Enterprise Income Statement of Educational and General Expenditures Statement of Auxiliary Enterprise Expenditures Statement of Agency Funds Statement of Changes in Cash Balances

Schedule " A " S c h edule **B" Schedule "C " Schedule **D" S c hedule <SE " Schedule " F "

Respectfully submitted,

/s/ J,,Do BOLTON

J.D 0 Bolton Comptroller

Dated at Athens, Georgia O c tober 7, 1949

-C O M M E N T S ORGANIZATION
The Savannah Division of the University of Georgia was established at Hunter Field, Savannah, Georgia by resolution of the Board of Regents as of September 1946, as a temporary unit to serve primarily the veteran student overflow. The Un i t was closed as of June 30, 1948. SCOPE This report is made on a cash receipt and dis b u r s e m e n t basis, All known liabilities have been paid and funds left over after liquidation were transf e r r e d to the Unive rsity of G e o r g i a at Athens, Georgia therefore, should any jus t unpaid bill be sub= mitted, it will be taken care of from Uni v e rsity Funds.
-=88 =

THE U N I V E R S I T Y OF GEORGIA SAVANNAH DIVISION

Schedule A

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

General Income

STUDENT FEES Non-Resident Tuition Matriculation Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Operations TOTAL PUBLIC APPROPRIATIONS
TOTAL EDUCATIONAL AND GENERAL INCOME
NON-INCOME Withholding Tax Adjustments
TOTAL EDUCATIONAL AND GENERAL RECEIPTS

$ 8,392.86 3,674.75 102.27
$12,169.88
$25,000.00 $25,000.00
$37,169.88
100.10 $37,269.98

THE U N I V E R S I T Y OF G E O R GI A SAVANNAH DIVISION

Schedule B

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

General

Salaries and
Wages

Operating Supplies & Expense

Equipment

ADMINISTRATIVE & GENERAL Director* s Office Treasurer's Office Assistant Director General
TOTAL ADMIN; & GENERAL

$ 1,669.09 961.10
2 , 645.56 ~ 151.31 $ 5,124.44

$ 1,645.83 975.00
2,633.32
$ 5,254,15

$ 23.26 - 13.90 12,24 -151.31
-$ -129.71

STUDENT WELFARE Student Hospital
TOTAL STUDENT WELFARE

$ 143.45 $ 143.45

$ 143,45 $ 143.45

PLANT OPERATIONS General Janitors Grounds Repairs Steam Plant
TOTAL PLANT OPERATIONS

$ 1,917.45 2,557.20 2,077.31 2,580.36 1,260.64
$10,392.96

$ 757.36 2,497,20 1,823.72 2,171,50 1,260,64
$ 8,510.42

$1,160,09 60,00
253.59 383.86
$1,857.54


$ 25.00 $ 25.00

LIBRARY

$ 108.36 $ 106,68

$ 1.68

INSTRUCTION Fine Arts Languages Sciences Social Science Physical Education & Arts English Mathematics Dean Instruction
TOTAL INSTRUCTION

$ 600.00 $ 600.00

4,184.10

4,184.10

3,938,77

3,549.98 $ 388.79

3,883.29

3,883.29

1,133.32

1,133.32

733.33

733.33

1,883.32

1,883.32

266.66

266.66

$16,622.79 $16,234.00 $ 388.79

TOTAL EDUCATIONAL AND GENERAL EXPENDI-

TURES

$32,392.00 $30,105.25 $2,260.07

$ 26.68

" 90 =

THE U N I V E R S I T Y OF G E O R G I A SAVANNAH DIVISION

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year En d e d June 30, 1949

INCOME

Bookstore Dormitories Dining Halls Faculty Housing Sale of Equipment Miscellaneous TOTAL AUXILIARY INCOME
Bookstore Dormitories Dining Halls Faculty Housing Theatre TOTAL AUXILIARY EXPENSE

Total Income
$10,320.36 62.90
8,891.08 456.35 150.00 597.90
$20,478.59

EXPENDITURES

Total
$4,531.61 452.72 396.97 50.00 53.52
$5,484.82

Salaries & Wages $619.40 242.72
75.00
$937.12

Operating Supplies & Expense

Equipment

$3,912.21 $
321.97 50.00 53.52

210.00

$4,337.70

$210.00

-91~

THE U N I V E R S I T Y OF G E O R G I A SAVANNAH DIVISION

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

Bai ance Beginning
Of Year

Receipts For Year

Disbursement s
For Year

Transfers

Balance End Of
Year

Progressive Life Insurance State Teachers Retirement Life Insurance Withholding - Educational & General Withholding - Auxiliary Student Activities

$ 15,65 455,92 71,14
1,324,30 155,81
1,569,59

$ 25,30 600,00 100,80
1,999,60 42,60
3,244,02

Total agency funds

$3,592,41 $6,012,32

$ 40,95 1,055,92 171,94 3,323,90 198,41 666,90
$5,458,02

$4,146.71 $4,146,71

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

CURRENT FUNDS General Auxiliary Enterprises
TOTAL CURRENT FUNDS
AGENCY
TOTALS

Cash Balance Receipts Di sbursements

Cash Balance

July 1, 1948 For Year

For Year

Transfers June 30, 1949

$12,680,76 - 1,885,05
$10,795,71

$37,269,98 20,478,59
$57,748,57

$32,392,00 5,484,82
$37,876,82

$17,558,74 13,108,72
$30,667,46

$ 3,592,41 $ 6,012,32 $ 5,458,02 $ 4,146,71

$14,388,12 $63,760,89 $43,334,84 $34,814,17*

* Transferred to University of Georgia as follows
Educational and General Student Activities

$28,289,17 6,525,00
$34,814,17

-92

GEORGIA INSTITUTE OF TECHNOLOGY
FINANCIAL REPORT FOR THE YEAR ENDING
JUNE 30, 1949
Georgia Institute of Technology Atlanta, Georgia

G EO R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

BALANCE SHEET June 30, 1949

ASSETS

1. C U R R E N T FUNDS

Ao GEN E R A L Cash in Bank

$-74,945*85

Imprest Cash

31,044*30

Utili t i e s Deposit - Tech. In to

3 , 000o 00

Accounts Receivable

558,749.70

TOTAL GENERAL FUNDS

------------

$ 517,848.15

B 0 RESTRICTED Cash in Bank Investments TOTAL RESTRICTED FUNDS

$269,287.25 25,000.00

$ 294,287.25

Co A U X I L I A R Y Cash in Bank Imprest Cash Accounts Receivable Stores (Inventories) Investments TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

II.

AGENCY FUNDS Cash in Bank TOTAL AGENCY FUNDS

IIIo

ENDOWMENT FUNDS Cash in Bank Investments; UoSo Securities Preferred and Common Stock Real Estate Mortgage Real Estate Georgia Tech Plant TOTAL ENDOWMENT FUNDS

IV. ST U D E N T LOAN FUNDS Cash in Bank Investments: Notes Receivable U.S. Securities Bonds Governmental Georgia Teck Plant TOTAL STUDENT LOAN FUNDS

Vo P H Y S I C A L P L A N T Land and Improvements Buildings Equipment TOTAL PHYSICAL PLANT
TOTAL ASSETS

$ 72,231.03 4,040.00
283,513.77 114,218.05 100,778.38

$ 574,781.23 $ 1,386,916.63

$ 65,966.19 $

65,966.19

$ 11,400.00 5,300.00 8,422.11
86,595.89 370,181.22

$ 35,882.07

$ 481,899.22 $

517,781.29

$11,678.26 20,050.00 51,921.17 11,495.97

$ 49,454.24
$ 95,145.40 $ 144,,599.64

$1,228,185.01 9,362,265.37 4,175,879.13 $14,,766, 329.51
$16,,881,,593.26

-94-

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA
BALANCE SHEET June 30, 1949 I

LIABILITIES

Io C U R R E N T FUNDS A, G E NERAL

Accounts Payable

$ 32,161,16

Purchase Orders Outstanding

124,880,44

Contracts Payable

14,350,81

General Surplus

346,455,74

TOTAL GENERAL FUNDS
Si

$ 517,848,15

B t RESTRICTED Fund Balance

$ 294,287,25

Co A U X I L I A R Y Accounts Payable Purchase Orders Outstanding Work in Progress Reserve for Stores, Inventory Reserve for Bond Sinking Fund Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

II, III,
IVo Vo

AGENCY FUNDS Fund Balance TOTAL AGENCY FUNDS
ENDOWMENT FUNDS Fund Balance
TOTAL ENDOWMENT FUNDS
STUDENT LOAN FUNDS Fund Balance
TOTAL STUDENT LOAN FUNDS
PHYSICAL PLANT Bonds Payable Due to Endowment Funds Due to Loan Funds Invested in Plant
TOTAL PHYSICAL PLANT

TOTAL.LIABILITIES & SURPLUS

$ 14,886,04 13,245,19 1,871,14
114,218,05 169,395,12 261,165,69
$ 574,781,23
$ 1,386,916,63

$

65,966,19

$

65,966,19

$ 517,781,29 $ 517,781,29

$ 144,599,64 $ 144,599,64

$ 2,875,000,00 370,181,22 11,495,97
11,509,652,32 $14,766,329,51
$16,881,593,26

= 95-

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

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

General Income

Restricted Income

Total Income

Student Fees Non-Resident Matriculation Health Service Fee O t h e r Student Fees Summer School Fees
TOTAL STUDENT FEES

S I , 0 9 0 , 301. 04 862, 427.77 82,571,99 5,383.32 284,077.74
$2,325,077.74

$1,090,301.04 862,427.77 82,571.99 5,383.32 284,393.62
$2,325,077.74

PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Vocational Funds City City of Atlanta County Fulton County
TOTAL GOVERNMENTAL
Endowment Julius Brown Endowment Daniel Guggenheim Aeronautics Fund Josephine Cloudman Endowment Broadus E. W i l l i n g h a m Textile Fund Philip H. Lamar Res e a r c h Fund Forrester-McRae-Rankin Endowment
TOTAL ENDOWMENT FUNDS

$ 735,000.00 19,320.04

$ 735,000.00 19,320.04

$ 25,000.00

1 25,000.00

$ 754,320.04

o o o o o o
LO
m

25,000.00

25,000.00 $ 804,320.04

$ 16,694.98 6,604.78 7,992,84 25.00 970,52 78. 54
S 32,366,66

I
$ 16,694.98 6,604,78 7,992.84 25.00 970.52 78.54
$ 32,366.66

GIFTS AND GRANTS Research Corp. Fellowship Shell Oil Company Fellowship Lewis H, Wellhouse - R e s e a r c h Fellowship Henry L Doherty Education Found. Scholar ship S o u t h e r n Airways Research Fellowship T e n n e s s e e Eastman Fellowship G,, Mote W i lliams Memorial Scholarship Rhodes Scholarship Fund Kappa Sigma Fraternity Scholarship Jefferson Mills, Inc. Fellowship Tennessee Corp. Fellowship War Orphans Scholarship Sears-Roebuch Scholarship T Earl Strib l i n g Memorial Textile Fel l o w s h i p Wm. Pratt H e a t h Sch. Fund - C o c a - C o l a C o m p a n y Graduate Fellowship -- Wm. M. Po s t m a n Chi Psi Scholarship Award L.W. Roberts Scholarship Award T e x t r o n Inc. Scholarship Carnegie Award Fellowship

$ 9,000.00 $

9,000.00

1,972,50

1,972.50

78,57

78. 57

150.00

150.00

111.32

111.32

1,200,00

1,200.00

1,000,00

1,000.00

5,470,43

5,470.43

300,00

300.00

400.00

400.00

1,500.00

1,500.00

500,00

500.00

600,00

600.00

1 , 9 5 1 32

1,951.32

*

450,00

450,00

1,000,00

1,000.00

200.00

200.00

2,000.00

2,000.00

500.00

500.00

3,365,00

3,365.00

-96-

GEOR GIA INS TITUTE OF T E C H N O L O G Y ATLANTA, GEORGIA

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

G I F T S A N D G R A N T S ( C o n t 'd) Texas Company Fellowship General Education Board-Equipment General Education Board-Library So Price G i l b e r t - L i b r a r y Building Y. Co A. -Purchase of Willeo Farm Mion Construction Company The Rich Foundation Ind Engr. Lab.
TOTAL GIFTS AND GRANTS
OTHER SOURCES Rental Property Sale of Real Estate Federal Works Agency Fire Loss Recovery Veterans Guidance Fees Research Sales & Services General and Miscellaneous Interest on Temporary Investment
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME
NON-INCOME RECEIPTS Transfer from General Funds Sale of Temporary Investments Accounts Receivable
TOTAL NON-INCOME RECEIPTS
TOTAL EDUCATIONAL & GENERAL RECEIPTS

General Income

Restricted Income

Total Income

$ 1,500.00 $ 11,462.81 10,000.00 9,082.48 5,750.00 500.00 15,000.00
$ 85,044.43 $

1.500.00 11,462.81 10,000.00
9,082.48 5.750.00
500.00 15,000.00
85,044.43

$ 32,764.79 $ 32,764.79

33,520.61

33,520.61

14,005.00

14,005.00

26,035.11

26,035.11

S 4 1 105o 30

41,105. 30

417866.72

417,866.72

1, 061. 64

1,061.64

7,149.08

7,149.08

$ 460,033,66 $113,474.59 $ 573,508.25

$3 57 1 798 c 10 $248-, 519.02 $3,820,317. 12

$ 5,000.00 $

5,000.00

700,000.00

700,000.00

$ 10,918,27

10,918.27

$ 10,918,27 $705,000.00 $ 715,918.27

$3,582,716,37 $953,519.02 $4,536,235.39

97-

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA
STATEMENT OF EDUCATIONAL AND GENERAL EXPENDITURES For Year Ended June 30, 1949

ADMINISTRATIVE AND GENERAL

Genera 1 Restricted

Salaries & Wages

Object Classification

Operating

L a n d ,Build-

Supplies Equipment ing & Other

& Expense

Improvements

Alumni Office Controller's Office Executive Dean General Administration Public Relations President's Office Registrar's Office Vice-Presidents Office
TOTAL ADMIN. & GENERAL

S 6,799.12 75,134.45 15,139.47 78,551.86 11,660.81 25,004.11 56,863.17 27,087.20
1296,240.19

$ 7,000.00 $ 7,000.00

$ 6,600.00 63,819.27 13,871.32 4,702.65 9,515.46 25,004.11 44,562.84 21,057.37
$189,133.02

$

199.12

1,268.15 73,849.21
2,017.10

11,259.72 3,505.34
$ 92,098.64

$18,315.18
128.25 1,040.61 2,524.49 $22,008.53

-98-

STUDENT WELFARE Dean of Students Health Service Y.M.C.A.
TOTAL STUDENT WELFARE

$ 39,462.51 56,049.59 4.699.92
$100,212.02

$ 35,074.84 38,577.64 4,699.92
$ 78,352.40

$ 4,387.67 16,273.99
$ 20,661.66

$ 1,197.96 $ 1,197.96

PLANT OPERATIONS Administration Operations Ut i 1it ie s Architect Plans & Specifications Textile Building Construction City of Atlanta & Fulton County Grants Research Addition
Rental Property Wind Tunnel Real Estate Purchase Rehabilitation Projects Supersonic Wind Tunnel Fire Damage Repairs

$ 12,690.81 386,521.67 120,069.97 39,944.98

$ 12,690.81 213,032.04 29,605.64
$ 16,304.41 689,586.59

$120,712.94 85,863.80

$52,776.69 4,600.53

$ 56,249.39 689,586.59

8,965.38 4,292.50 31,339.89 7,918.44 30,546.78 11,336.08 5,575.92 17,471.39

218.00 1,629.58
145.82

1,009.47 5,826.33 17,119.78 7,656.83 14,896.92

963.00 2,574.47

7,737.91 4,292.50 23,883.98 7,918.44 13,427.00 2,570.43 5,575.92

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

STATEMENT OF EDUCATIONAL AND GENERAL EXPENDITURES For Year Ended June 30 1 1949

Object Classification

General Restricted Salaries

Operating

L a n d ,Build-

Supplies Equipment ing & Other

PLA N T O PERATIONS (C o n t 'd )

& Wages

& Expense

Improvements

Willeo Farm Purchase TOTAL PLANT OPERATIONS

$

$ 5,750.00

$ 5,750.00

$559, 727. 4? 329,087.38 $ 257,321.89 $253,086.07 $60,914.69 5816,992.16

LIBRARY

S 98,828.09 $ 9,998.55 $ 55,583.04 $ 1,410.72 $51,832.88

INSTRUCTION Dean of Faculties Co-Op Department Engineering College
D e a n 9s Office Aeronautical Engineering Architcture Ceramic Engineering Chemical Engineering Civil Engineering Electrical Engineering. Engineering Drawing & Mechanics Industrial Engineering Mechanical Engineering Safety Engineering Textile Engineering General.College D e a n 9s Office Public Health Chemistry Industrial Management English Mathematics Modern'Languages Music Physical Training physics Psychology Social Science

$ 11,255.96 9,016.66
13,146.00 40,923.76 65,071.28 23,495.14 65,039.13 53,542.03 92,924.71 94,309.47 44,087.76 131,063.35 11,645.11 52,085.45
11,722.94 16,445.87 126,484.09 96,313.45 94,239.45 113,925.88 25,528:26 12,217:26 45,763.43 99,582.15 21,491.48 34,399.90

$ 9,499.89 $

409.95 $ 1,346.12

7,743.61

1,273.05

11, 312.38 37,796.33 60,659.00 19,549.39 49,061. 20 46,758.66 86,749.70 82,792.52 40,451.22 117,141.02 10,532.46 48,474.15

1,117.19 2,095.53 1,542.69 2,079.01 8,591.80 3, 193.71 if721.13
764.86 1,373.13 7,599.53 1,112.65 2,776.78

716.43 1,031.90 2,869.59 1,866.74 7,386.13 3,589.66 4,453.88 10,752.09 2,263.41 6,322.80
834.52

10,940.44 15,227.72 105,373.54 94,979.11 92,362.81 111,303.96 25,153:20 10,144:77 41,199:28 *82,455.03 17,869:87 33,304.71

667.66 739.71 12,950.44 825.91 838.09 1,656186
83.61 395184 4,564.15 5,544182 742.94 205185

114,84 478.44 8,160.11 .508.43 1,038.55 965.06 291145 1,676.65
11,582130 2,878.67 889.34

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA,GEORGIA

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

Object Classification

General

Restricted

Salaries & Wages

Operating Supplies & Expense

Equipment

L a n d ,Building & Other Improvements

INSTRUCTION ( C o n t 'd) Graduate Division Military Science Naval Science General Instruction Summer School
TOTAL INSTRUCTION
RESEARCH
EXTENSION Extension Division
Administration Evening School Short Courses and Conferences I n d u s t r i a l .Education Technical Institute Veterans Guidance

S 34,474.62 6,691.61 2,063.80 5,648.36 $
187,298.65
$1,641,897.01$
$ 618,513. 19

$ 33,769.20 $

4,140.00

1,829.98

5,165.00

3,961.60

187,298.65

644.74 1,015.47
233.82 891. 67

5,165.00$!,499,835.40$ 67,652.59

$ 435,024.86 $175,669.79

$

60.68

1,536.14

5,960.09

$ 79,574.02 $ 7,818. 54

$ 20,952.85 164,270.03 11,997.86 18,827.25 263,317.98 35,904.82
$ 515,270.79

$ 19,979.88 $

694.76

159,866.36

2,775.15

9,002.66

2,492.49

15,869.82

2,859.30

146,185.19 45,577.98

32,801.07

3,092.75

$383,704.98 $ 57,492.43

$

278.21

1,628.52

502.71

98. 13

7 1,554.81

11.00

$

-j O --1 CO CO 00

OTHER Scholarships and Fellowships Carnegie.Awards:
J.D. Wright W.D. Jones H.W. Adams I.Ec Saporta W.D. Jones H e n r y L. Doherty Davidson-Kennedy Auto-Soler Research Corporation F.S. Wilson R.J. Athey A.T. Trimble

$

370.92 $

2.52

76.50

250.00

205.48

210.50

112.50

125.00

1,600.00 1,050.00 1,499.96

166.67 $ 210.50

204.25 2.52
76. 50 250.00 205.48
112.50 125.00

1,600.00 1,050.00 1,499.96

ns

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

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

General
O T H E R (Co n t 'd) J.E. Moore Award Texas Company J.P. Vidosic Shell Oil Company Tennessee Eastman G. Mate Williams Rhodes Fund Kappa Sigma Jefferson Mills Tennessee Corporation War Orphans Sears Roebuck Graduate Chi Psi T e x t r o n Inc,
T O T A L S C H O L A R S H I P S & F E L L O W S H IEPPSS

Restricted

Object Classification

Operating

L a n d ,B u i l d

Salaries

Supplies

Equipment ing & Other

& Wages & Expense

Improvements

$

-27.75 $

1,500.00

795.57

2,359.48

1,199,97

1,000.00

6,000,00

300.00

375.50

1,206.47

300.00

177.00

1,000.00

200,00

333.32

$ 22,222.94 $

-27.75

$ 1,500.00

390.89

282.18 $

2,339.48

1,199.97

1,000.00

6,000.00

300.00

375. 50

1,206.47

300.00

177.00

1,000.00

200.00

333.32

740.31$ 21,340.13 $

122,50 20.00
142.50

TOTAL EDUCo & GEN, EXPENDITURES

$3,830,188.72 $873,473.87$2, 899,695.90$689,412.03 $297,562.50 $816,992.16

NON-EXPENSE Carnegie Award Moore Fellowship Transfer to Restricted Funds Payment of Loan to Trust Funds
TOTAL NON-EXPENSE

$ 5,000,00 5,000,00 $

1,055,30 66,46
4,817,98 5,939,74

TOTAL EDUCATIONAL & GENERAL DISBURSEMENTS

$3,835,188.72 $879,413.61

GEOR GIA INS TI TU T E OF T E C H N O L O G Y ATLANTA, GEORGIA
STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 30, 1949

Bookstore Dormitories :
Brown Cloudman Harris Howell Harrison Techwood Towers Glenn Smith Technical Institute General
TOTAL DORMITORIES

INCOME

Apartments Burge Callaway Callaway Building No. 1
TOTAL APARTMENTS

Dining Halls Brittain College Inn Technical Institute
TOTAL DINING HALLS

Military Uniforms

TOTAL OPERATING INCOME

Other Income Board of Regents Interest on Temporary Investments
TOTAL OTHER INCOME

TOTAL AUXILIARY ENTERPRISE INCOME

NON-INCOME Transfer from Bond Fund Transfer from Brown Memorial Sinking Fund

TOTAL AUXILIARY ENTERPRISE RECEIPTS

$ 13,378.77 8,013.09
14,520.97 19,646 .64 25,163.14 40,291.30 52,092.49 67,200.94 64,055.08 25,567.73
1,586.97
$ 49,176.85 125,014.66 3,399.60
$336,384.35 166,662.38 65,059.55
$214,256.25 747.60
$ 1,502.19 2,357.84

$ 4 9 3 , 5 3 3 36
$ 331,517.12
$ 177,591.11
$ 568,106.28 61,112.96
$1,631,860.83 $ 215,003.85 $1,846,864.68
3,860.03 $1,850,724.71

- 102-

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE EXPENDITURES For Year Ended June 30 1949

Total

Salaries and
Wages

Purchases for
Resale

Operating Supplies & Expense

Equipment

Land,Build ing & Other Improvements

Bookstore

$ 558,73L98 $ 76,648c04 $460,607,64 $ 14,951,21 $ 6,525,09

Dormitories Brown Cloudman Harris Harrison Howell Glenn Towers Smith Technical Institute Techwood Total Dorms,

$ 33,006, 30 $ 7,982,26

7,715 85

71,64

13,666 38 10,009,86

18,301c 50 11 857,62

12182c92

6,427,05

35,245,01 14,881,64

29,260,75 13,044,02

48,626,30 15,900,32

22,189,67

8,313,69

45,791,44 27,773,36

$ 265,986,12 $116,261,46

$ 25,024,04 7,644,21 3,656,52 6,443,88 5,755,87
20,363,37 16,216,73 20,029,47 12,998,83 18,018,08 $136,151,00

$12,696,51 877,15
$13,573,66

Apartments Callaway Callaway No, 1 Burge Total Apts*,

$ 64,496,95 $ 18,539,80

1,304,22

1,091,65

21,972,66

8;841,12

$ 87,773,83 $ 28,472,57

$ 45,957,15 212,57
12,101,54 $ 58,271,26

$ 1,030,00 $ 1,030,00

Dining Halls Brittain Technical Institute College Inn Total Dining Halls

$ [398,222,24 70,344,45
155,709,27 $ 624,275,96

$100,191 53 21,650,74 46,187,38
$168,029,65

Military Uniforms

$ 42,630,83 $ 3,729,17

$225,649,38 48,503,56
105,560,10 $379,713,04

$ 3,234,42 190,15
3,961,79 $ 7,386,36

$69,146,91 $69,146,91

$ 38,901,66

TOTAL AUX. EXPENDITURES $1579,398,72 $393 140 89 $460,607,64 1627988,,17 $28,515,11 $69,146,91

NON EXPENSE Purchase of U,S, Bonds Band Uniforms Retirement of Bonds Payment on Loan to
Trust Funds

$ 100778,,38 2 067.13
302, 256,, 25
8,427,84

TOTAL AUX DISB

$1,992 928c32

-103=

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year En d e d June 30, 1949

Balance Beginning
Of Year

Receipts for
Year

Disbursements for
Year

Balance End Of
Year

City of Atlanta & Fulton County Carnegie Award Fell* J.W Wright Carnegie Award Fell.- W.Dale Jones Carnegie Award Fell- H.W Adams Research Addition Tech Inst Davidson-Kennedy Scholarship Rental Property Garage & Warehouse F.W.A Projects Business Office Machines Tech Inst Auto-Soler School Fund Research Corp. Fell-FS Wilson Special & Rare Equipment Wind Tunnel Research Corp Fel-R.J Athey Special Sale & Purchase of Real Estate FoW.A Projects No. NP 25 Rehabilitation Projects Moore Fellowship Award Texas Company Fellowship Award Vidosic Fellowship Award Shell Oil Company Fellowship Research Corp Fel AT Trimble, Jr. Supersonic Wind Tunnel Louis H. Wellhouse Research Fel. Henry L Doherty Ed Found. Sch. Southern Airways Research Fel. Fire Accounts Tenn Eastman Fellowship G Mote Williams Memorial Scholarship -
J.M. Pound G. Mote Williams Memorial Scholarship -
R.B Thompson Rhodes Scholarship Fund Kappa Sigma Fraternity Scholarship Jefferson Mills Inc Fellowship Tenn Corp Fellowship War Orphans Scholarship Sears"Roebuck Scholarship T Earl Stribling Mem Textile Foundation W m Pratt Heath Sch. Found-Coca-Cola S. Price Gilbert Library Building Plans Purchase of Willeo Farm Property G.EoB. Library Grant Graduate Fell.-Wn M Postman Mion Construction Company Gift

$ - 110.21 502.72 2.52
1,000.00 7,136.90
112.50 13,423. 34
1,157.46 3,947.80 7,000.00
125.00
-4,927.52 10,365.00
- 31.92 4,807.50 56,627.83
38.71 1,500.00
795.57 624.70
57,529.48 156.17 60.50
6,082.50

$ 50,000.00 32,764.79

$ 8,965.38 502.72 2.52
1,000.00 4,292.50
112.50 36,157.87

1,500.00 11,462.81
1,500.00 33,520.61 14,005.00
1,972.50 1,500.00
78.57 150.00 111.32 26,035.11 1,200.00
500.00
500.00 5,470.43
300.00 400.00 1,500.00 500.00 150.00 1,951.32 450.00 9,082.48 5,750.00 10,000.00 1,000.00 500.00

7,000.00 125.00
1,600.00 5,165.00 7,918.44 1,050.00 30,546.78 14,000.00 11,336.08
38.71 1,500.00
795.57 2,359.48 1,499.96 5,575.92
210.50
17,471.39 1,199.97
500.00
500.00 6,000.00
300.00 375.50 1,206.47 300.00 118.00
2,304.41 5,750.00 9,998.55 1,000.00

$ 40,924.41
2,844.40
10,030.26 1,157.46 3,947.80
100.00 1,370.29 2,446.56
450.00 2,941.91 4,812.50 48,291.75
237.72 .04
51,953.56 234.74
6,193.82 8,563.72
.03
- 529.57
24.50 293.53 200.00
32.00 1,951.32
450.00 6,778.07
1.45
500.00

-104-

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

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

Balance Beginning
Year

Receipts For Year

Disbursements For
Year

Balance End Of
Year

(Cent5d)

Chi Psi Scholarship Award

1

L,,W. Roberts Scholarship Award-Osamo Ikeda

Sears-Roebuck Scholarship-A.J. Kemp

Research Corp. Fellowship-W.M. Spicer

Research Corp. Fellowship-Henry Eberhart

Textron Inc. Scholarship-Hirace E. Corley

Carnegie Award Fellowship-Melvin W. Jackson

Carnegie Award Fellowship-I.E. Saporta

Carnegie Award Fellowship-G-F. Sowers

Carnegie Award Fellowship-W.D. Jones

The Rich Found. Indo Engr. Lab.

Carnegie Award Fellowship - Dr. J. Mandelker

Sears-Roebuck Scholarship-Glenn Kerr

Sears-Roebuck Scholarship-A.A. Esrael

Texas Company Fellowship

Textile Building

$ 24,255.29

$ 200.00 2,000.00 150.00 1,500.00 3,000.00 500.00 650.00 1,000.00 1,000.00 215.00
15,000.00 500.00 150.00 150.00
1,500.00 712,149.08

$ 200.00 59.00
333.32 250.00 205.48
689,586. 59

$ 2,000.00 91.00
1,500.00 3,000.00
166.68 650.00 750.00 1,000.00
9.52 15,000.00
500.00 150.00 150.00 1,500.00 46,817.78

TOTAL RESTRICTED FUNDS

$195,181.84 $953,519.02 $879,413.61 $269,287.25

105-

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

STATEMENT OF TRUST FUND BALANCES For Year E nded June 30, 1949
Endowment Funds

Loan Funds

Balance of Principal, beginning of year
Additions : Receipts:
1. Gifts & Grants, from Pri v a t e Source 2. Profit on Investments 3. Income on Investments 4. Income from Endowments 5. T r ansfer from U n i v e r s i t y of G e o r g i a
Total Additions
Deductions : lo Not e s Wr i t t n off 2, T r a n s f e r r e d to General Funds 3. T r a n s f e r r e d to Re s t r i c t e d Funds 4* T r a n s f e r r e d to A u x i l i a r y E n t e r p r i s e s 5 Gifts to Students 6. C o mmissions on Investments 7 ,, Refund to University of Georgia Total Deductions
BALANCE OF PRINCIPAL, END OF YEAR

$504,372=11

$101,479.34

$ 14,660,00
1,453o 39 32,403.05
$ 48,516.44

$

259.82

3,763.18

43,182.47 $ 47,205.47

$ 32,366.66 268.01
2,357.84 36.00 78.75
$ 35,107.26
$517,781.29

$ 4,055.05
30. 12 $ 4,085.17 $144,599.64

-106-

GEORGIA I NS TI TUT E OF T E C H N O L O G Y ATLANTA, GEORGIA

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

Fund Balance

Beginning Of

Year

Additions

Fund Balance

End Of

Deductions

Year

ENDOWMENT FUNDS Architects Alumni prize Fund E.O. Batson Scholarship fund Julius Brown Endowment Fund Brown Memorial Hall Sinking Fund Josephine Cloudman Endowment Forrester-McRae Rankin Endowment Fund Dan. Guggenheim Aero- Fund Philip H. Lamar Research T. Earl Stribling Mem. Textile Fellowship W.G.S.T. Radio Broadcasting Station Broadus E. Willingham Textile Kate McGrath Endowment Fund B. Miffin Hood Chair of Ceramics
TOTAL ENDOWMENT FUNDS
LOAN FUNDS Architects George W. Adair J. Baldwin M,R,, Berry S. F. Boykin T.P. Branch Memorial M.L. Brittain S.S. Class J.Bo Campbell Josephine L. Cloudman William B. Coleman, Post Holland Coleman Mrs. Alice Coons A. C. Dobbs A. French Ga. Federation of Labor Mrs. A.V. Gude Lyman Hall J.M. High Dr. & Mrs. T.P. Hinman Irving Subway Grating Company, Inc. Edwin Johnson K.A. Foundation C.L. King Memorial Scholarship Loan Malta Lodge Lona Mansfield E.Pe McBurney J.A. McFarland Thomas E. Mitchell Gayle Nimock Memorial Quartermaster M. Rich

$ 426.00 11,746.07
183,318.50 22,747.13 77,928.84 1,910.03
168,111.95 32,000.00 268.01 4,915.58 1,000.00
$504,372.11
$ 201.26 453.83 50.66
2,649.82 100.66 126.29 503.82 503.82
11,090.47 423.69 646.27
4,315.14 80.71
1,679.44 862.14 201.27
1,508.44 1,993.28
201.92 345.00 431.70
88.00 12,678.00
1,131.15 808.95
10,407.79 100.00
146.77 33,855.19
50.00

$ 18.00 414.66
16,727.62 1,020.73 7,996.59 78.54 6,604.78 970.52

25.00 1,000.00 13,660.00 $48,516.44

$

4.47

12.49

.55

78.57

.05

3.01

13.43

13.43

382.05

10.25

18.35

186.62

.46

49.51

25.46

4.47

43.80

58.27

3.89

7.50

12.78

417.56 29.06 23.75
327.53 2.92
43,182.47 2.59
1,495.51

$ 36.00
17,769.98 2,357.84 7,996.59 78.54 6,604.78 970.52 268.01
25.00
$35,107.26

$ 408.00 12,160.73
183,276.14 21,410.02 77,928.84 1,910.03
168,111.95 32,000.00
4,915.58 1,000.00 1,000.00 13,660.00 $517,781.29

CM O

.09 .01 6.19 .01 .02 .09 .09 539.77 .08 1.15 7.81 .13 4.44 1.54 .02 2.68 3.56 .02
.79
2.02 1.46 508.83
70.12 .02
2,441.23

$ 205.71 466.23 51.20
2,722.20 100.70 129.28 517.16 517.16
10,932.75 433.86 663.47
4,493.95 81.04
1,724.51 886.06 205.72
1,549.56 2,047.99
205.79 352.50 443.69
88.00 13,095.56
1,158.19 831.24
10,226.49 102.92
43,112.35 149. 34
32,909.47 50.00

-107-

G R 0 R G I A I NS TI TUT E OF T E C H N O L O G Y ATLANTA, GEORGIA

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

Fund Balance Beginning Of
Year

Additions

Fund Balance

End Of

Deductions

Year

LOAN FUNDS (Cont'd)

L.W* Robert

$

Scottish Rite

Sam W,, Snail

T*W Snith

J P Stevens

Joseph M, Terrell

Clark Thornton Memorial

E.A Turner

Arthur Williams Estate Emergency Trust Fund Mrs* Fannie B, Wright

10066 1,077*35
100*65 266*92 5,560*65 5,389*34 365 66
50*66
931*97

TOTAL LOAN FUNDS

$101,479*34

$

1.31

26*24

1*31

6*40

215*48

251*99

9*01

*05

259*82

23*06

$47,205*47

$

*01

1*92

.01

*02

245 38

245*38

*08

.01

* 17 $ 4,085*17

$ 101*96 1,101*67 101*95 273 30 5,530*75 5,395*95 374 59 50*70 259*82 954*86
$144,599*64

TOTAL TRUST FUNDS

$605,851*45 $95,721*91 $39,192*43 $662,380*93

108

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

SUMMARY OF TRUST FUND INVESTMENTS For Y e a r Ended June 30, 1949

ENDOWMENT FUNDS Bonds, Governmental Stocks, Common Stocks, Preferred Campus Real Estate Off-Campus Real Estate Notes Receivable W.G.S.T, Broadcasting Station
TOTAL ENDOWMENT
LOAN FUNDS Bonds, Governmental Campus Real Estate Off Campus Real Estate Student Notes Receivable
TOTAL LOAN FUNDS
TOTAL TRUST FUND INVESTMENTS

Book Value

Market Value

$ 11,400.00 $ 5,000.00 300.00 .
370,181.22 81,680.31 8,422.11 4,915.58
$481,899.22 $

11,400.00 31,125.00
354.00 370,181.22
81,680.31 8,422.11
404,140.01
907,302.65

$ 71,971.17 11,495.97
11,678.26 $ 95,145.40
$577,044.62

$ 71,971.17 11,495.97
11,678.26 $ 95,145.40
$1, 0 0 2 , 448.05

-109v

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

STATEMENT OF CHANGES IN CASH BALANCES For Ye a r En d e d June 30, 1949

Cash Balance J u l y 1, 1948

Receipts For Year

Disbursements For Year

Cash Balance June 30, 1949

CURRENT FUNDS General Restricted Auxiliary
TOTAL CURRENT

FUNDS

$211,570.80 195,181.84 218,474.64
$625,227.28

AGENCY FUNDS

$100,108.39

$3,582,716.37 953,519.02
1,850,724.71 $6,386,960.10

$3,835,188.72 879,413.61
1,992,928.32 $6,707,530.65

$ 893,386.97 $ 927,529.17

$-40,901.55 269,287.25 76,271.03
$304,656.73
$ 65,966.19

TRUST FUNDS Endowment Loan
TOTAL TRUST FUNDS
TOTAL

$ 15,300.30 7,203.51
$ 22,503.81
$747,839.48

$ 74,184.03 $ 48,085.17
$ 122,269.20 $

53,602.26 5,834.44
59,436.70

$7,402,616.27 $7,694,496.52

$ 35,882.07 49,454.24
$ 85,336.31
$455,959.23

BANK BALANCES

First National Bank - Main Office

$

First National Bank - Peachtree & North Avenue Branch

Trust Company of Georgia

Bank of Georgia

129,464.79 229,571.67
53,990.97 4,812.50

TOTAL BANK BALANCES

Imprest Cash Utilities Deposit - Technical Institute

TOTAL CASH BALANCES

$417,839.93
35,119.30 3,000.00
$455,959.23

-110 =

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA
RECONCILATION OF CASH AND BANK BALANCES For Year En d e d June 30, 1949

BALANCES PER RECONCILATIONS Operating Account Imprest Cash Returned Checks in Transit Cash Over and Short Net Operating Account Payroll Account Revenue Fund Res e a r c h Grant N o sR,,G. 264 Deposit Account FoWoAo Account Utilities Deposit - Technical Institute Trust Funds Bond Sinking Fund Textile Building Account Callaway Building No, 1 Account

TOTAL PER RECONCILIATIONS

BALANCES PER GENERAL LEDGER

Current General Imprest Cash Utilities Deposit - Technical Net Cu rrent General Current Restricted Current Auxiliary Imprest Cash Net Current Auxiliary Agency Funds Trust Funds

Institute

TOTAL PER BOOKS

$ 82,647.01 34,890.10 35.00 194.20
$-74,945.85 31,044.30 3,000.00
$ 72,231.03 4,040.00

$117,766.31 74,851.72 65,193.62 7,453.81
- 3,263.79 4,812.50 3,000.00
85,336.31 52,257.92 46,817.78
1,733.05
$455,959.23
$-40,901. 55 269,287.25
76,271.03 65,966.19 85,336.31
$455,959.23

= 111

GEOR GIA INS TITUT E OF T E C H N O L O G Y ATLANTA, GEORGIA

STATEMENT OF AGENCY FUNDS For Ye a r E nded June 30, 1949

Balance Beginning
Of Year

Receipts For Year

Balance Disbursements End
For Year Of Year

Tuition Deposits

S 23,600.00

Checks for Cash

419.15

Federal Loan

Student Activities

36,095.17

Student Bank

29,363.02

Technical Institute -Tuition Dep.

Retirement Collections

Withholding Tax Collections

Research Grant No.RG 264

3,391.80

Ga. Tech Flying Club

393.60

Ga. Te c h Alumni Foundation O a k Ridge

Lock and Key Deposit

632.83

Ga. Tech Evening School-Flower Fund

30.00

Dean Skiles Fund

332.29

Student Council Fund

ANAK Society

61.60

Security Deposits-New Apts. Extension Div.-Short Courses & Conf. Student Lectures & Concerts

2,330.00 153.50
- 160.41

Heisman Fund

7.00

1928 Memorial Window

50.00

Architectural Society Fund Frank Roman Fund

29.73

Technical Institute Student Activities

Band Uniforms Sears-Roebuck Foundation Student Union Building Fund Gift to Ga. Tech Band Military Uniform Trust Account

2,565.07 150.00 433.04 231.00

Bank Exchange

Robert Woodruff Scholarship Fund

Tuition Deposit Fall, 1949

Kappa Alpha Ed. F o undation Met. Lab. G.Tech Faculty Club

Extension Division Tuition Deposit

Caps and Gowns

E.P. Maxim Class, 1949, Lib. Build. Fund

Gle Club Travel Fund

Ben L. Sisk, 1949 Bank Fund

$ 12,150.00 10,377.71 2,728.37 96,137.24
412,571.85 332.50
52,363.11 246,240.62
15,472.13 117.25
1,000.00 2,567.25
707.00 545.09
50.00 1,080.00 1,893.75 4,427.70
16.60 10.00
676.50 1,953.22 2,553.13
24.00
12,421.10 106.35 500.00
12,542.50 100.00 138.00
1,100.00 120.00 14.00 100.00 250.00

$ 33,000.00 10,796.86 2,268.70
131,909.12 415,246.03
50.00 52,363.11 246,240.62 11,410.12
154.68 1,000.00 2,025.00
665.74 455.85 111.60 912.25 1,580.20 4,183.57
20.00
675.88 5,263.62 4,705.35
150.00 433.04 231.00 447.98 106.35 500.00
92.50 100.00 135.00 75.00 120.00
100.00

$ 2,750.00
459.67 323.29 26,688.84 282.50
7,453.81 356.17
1,175.08 30.00
373.55 89.24
2,497.75 467.05 83.72 3.60 60.00 29.73 .62
-3,310.40 412.85
24.00
11,973.12
12,450.00
3.00 1,025.00
14.00
250.00

TOTAL AGENCY FUNDS

$100,108.39 $893,386.97 $927,529.17 $65,966.19

- 112-

G E O R GI A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

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

Investment Beginning
Of Year

Additions

Deductions

Investment End Of Year

Ao LAND & IMPROVEMENTS

Campus

$1 09L 709c 10 $ 100,702.96

$1,192,412.06

1

Off-Campus

203 257.14

3,700.00 $171,184.17

35,772.95

TOTAL LAND & IMPROVEMENTS $1,294,966.22 $ 104,402.96 $171,184.17 $1,228,185.01

B, B U ILDINGS

Administration

$ 70,000.00

Knowles

50,000.00

Guggenheim Aeronautics

93,000.00

Aeronautics Shop

$ 2,000.00

Aeronautics Office

1,000.00

688 Cherry St. - Arch.

1,800,00

704 Cherry St, ~ Arch,

1,800.00

708 Cherry St. Arch,

1,800.00

712 Cherry St..- Arch,

1,800.00

661 Plum St, '* Arch,

1,800.00

639 43 Hemphill Ave, - Arch,

3,600.00



Ceramic Engineering

49,000.00

Civil Engineering

155,000.00

Electrical Engineering

45,000.00

Electronics Research (Temp)

2,000.00

Eng- Drawing & Mechanics

173,000.00

$ 70,000.00 50,000.00 94,000.00 2,000.00 1,000.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 3,600.00 49,000.00 155,000.00 45,000.00 2,000.00 173,000.00

278 Ponce de Leon 0 Eng, Dr,

& Mechanics

1,800.00

278 Ponce de Leon - Indust, Eng, 1,800.00

Mechanical Engineering

210,000.00

Mechanical Eng, (Temp)

1,500.00

1,800.00 1,800.00 210,000.00 1,500.00

273 Ponce de Leon = Mech. Eng Annex
680 Cherry St, Safety Eng. New Textile Bldg,(As of 6 30 49)

1,800.00 1,800.00

1,021,343.80

1,800.00 1,800.00 1,021,353.80

Old Shop Building Old Shop Annex

58,000.00 2,000.00

58,000.00 2,000.00

272 Third St, Electric Shop

1,500.00

1,500.00

Lyman Hall Chem. Che. Eng,

155,000.00

155,000.00

Chemical Engineering (Temp)

4,200.00

4,200.00

Chemistry Annex

50,000.00

50,000.00

Chem, Annex (Temp) 3rd, St.

4,200.00

4,200.00

Physics

163,000.00

163,000.00

i

274 Ponce de Leon Psychology

1,800.00

1,800.00

Military

10,000,00

10,000.00

Rifle Range

3,000.00

3,000.00

718 Cherry St,- Military

1,800.00

1,800.00

724 Cherry St, Military

1,800.00

1,800.00

734 Cherry St, Hqt, Air Force 2,500.00

2,500.00

716 Cherry St, RO T C Hqtrs,

4,500.00

4,500.00

= 113=

G E O R G I A I N S T I T U T E OF T E C H N O L O G Y ATLANTA, GEORGIA

STATEMENT OF INVESTMENT IN PLANT For Year E nded June 30, 1949

Investment Beginning
Of Year

Additions

Deductions

Investment End Of Year

B U I L D I N G S ( C o n t 'd)

Naval Armory-Classroom &

Office

$ 102,000.00

$

A. French Te x t i l e Bldg,

Classroom & Office

58,000.00

Modern Language Bldg.

Classroom

$ 12,500.00

Engineering Exp. Station

94,000.00

Calculator Bldg-RoA,

88,603.82

4,292.50

719 Cherry S t ,,- Research

Annex No. 2

1,800.00

713 Cherry St. - P h o t o - L a b .

1,800.00

709 C h erry St. - R e search

Annex No 4

1,800.00

White Frame House--Research

Annex No. 1

3,000.00

Aluminum Bldg,- Research

900.00

Crystal Oscellator Lab.

500.00

Research Annex No. 3

2,500.00

665 Plum St.-- Hotel Adm. Rehab. Additions

1,800,00 4,200.00

$ 4,200.00

Swann

50,000.00

283 Ponce de Leon -- Ext. Div. 1,800.00

Auditorium Bymnasium

266,000.00

Power Plant

241,000.00

Pump Station

1,000.00

Post Office & Stockroom

5,000.00

Garage & Warehouse Greenhouse-Boiler House

11,417.67

800.00

Greenhouse

1,000.00

268 Ponce de L e o n -- V e t .Guido

1,800.00

277 Ponce de L e o n --V e t .Guid,

1,800.00

694 C h e r r y St. P I a n n & C o n s t . 1,800.00

Library

31,000.00

Hospital

27,000,00

Y.M.C.A. Willeo Farm-3 Room House

70,000.00

4,500.00

Willeo Farm--3 Room House

2,250.00

Willeo Farm-Barn

900.00

Willeo Farm--Outhouse

150.00

Crenshaw--Field House~Band

15,000.00

Athletic Office Bldg.

70,000.00

Rose Bowl Stands

70,000.00

Rose Bowl Storage Room

1,500.00

Tennis Courts

46,428.45

102,000.00
58,000.00
12,500.00 94,000.00 92,896.32
1,800.00 1,800.00
1,800.00
3,000.00 900.00 500.00
2,500.00 1,800.00
50,000.00 1,800.00
266,000.00 241,000.00
1,000.00 5,000.00 11,417.67
800.00 1,000.00 1,800.00 1,800.00 1,800.00 31,000.00 27,000.00 70,000.00 4,500.00 2,250.00
900.00 150.00 15,000.00 70,000.00 70,000.00 1,500.00 46,428.45

-114 =

G E O R G I A I N S T I T U T E OF T E C K N O L GY ATLANTA, GEORGIA

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

Investment Beginning
Of Year

Additions

Deductions

Investment End Of Year

B U I L D I N G S ( C o n t 'd) Grarit Field President's Home

$ 947,295. 03 $ 90,000. 00

S 947,295. 03 90,000. 00

204 N o r t h Ave. Dr. B r i t t a i n 's Home

11,700. 00

11,700. 00

R204 N o r t h A v e .- S e r v a n t s '

Home

500. 00

Brown Dormitory

58,000. 00

Cloudman Dormitory

77,000. 00

Hariris D o r m i t o r y

71,000. 00

Hariison Dormitory

152,000. 00

Howell Dormitory

137,200. 00

Glenn, Smith & Towers Dormsl ,595,835. 03

Burge Apartments

683,742. 20

Callaway Apartments

1 ,329,543. 95

500. 00 58,000. 00 77,000. 00 71,000. 00 152,000. 00 137,200. 00 1,595,835. 03 683,742. 20 1,329,543. 95

Brit;tain D ining Hall & Additions
BoiJLer H o u s e - D i n i n g Hall Store & Lock Rm.-Din, Hall Steam & Elect. Dist. System 153 Fourth St- Rental 167 Fourth St.- Rental 179 Fourth St.- Rental 179R Garage Apt-- Rental 312 Fourth Street 313 Fourth St- Rental 316 fourth Street 317 Fourth S t . -- Rental 322 Fourth Street 323 Fourth St,- Rental 259 Fifth St.- Rental 260 Fifth St- Rental 269 Fifth St.- Rental 276 Fifth S t 0-- Rental

120,000. 00
201,365. 92 4,500. 00 3,500. 00
2,250,.00 2,250,,00 2,250,,00 3,600,,00 2,250,.00 3,600, 00 3,600,.00 3,600,.00 3,600,.00 3,600,.00

69,147. 00 1,000. 00 2,000. 00
13,500.,00 1,000. 00 $ 2,250. 00 2,250. 00
2,250,,00

189,147. 00 1,000. 00 2,000.,00
201,365. 92 4,500. 00 3,500. 00
13,500. 00 1,000.,00
2,250.,00
3,600.,00
3,600,,00 3,600,,00 3,600,,00 3,600,,00 3,600 00

286 Fifth S t ,,-- Rental 296 Fifth St.- Rental

3,600,.00 3,600,.00

3,600 00 3,600,.00

311 Fifth St.- Rental

3,600,.00

3,600 .00

259 Eighth St.- Rental

8,000 .00

8,000,.00

294 Tenth St- Rental

4,500,,00

4, 500 ,00

714 Techwood D r c-- Rental

4,500 .00

4,500 .00

737 Techwood Dr,-- Rental

15,000 .00

15,000 .00

792 Techwood Dr,-- Rental

4,500 .00

4, 500 .00

681 Plum Street

1,800 .00

1,800,,00

682 P l u m St. - Rental ,Cr.

Plum & Hemphill

1, 500 .00

1, 500 .00

682 P l u m St- Rental, Cr.

Plum & Hemphill

500 .00

500 .00

= 115

G E O R G I A ][ N S T I T U I E O F T E C H N O L O G Y AT L ANTA , GEORGIA

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

Investment Beginnin g
Of Year

Additions

Deductions

Investment End Of Year

B U I L D I N G S (C o n t 'd) 835 Plum Street-Rental $ 875 Plum Street-Rental 879 Plum Street-Rental 885 Plum Street-Rental 889 Plum Street-Rental 899 Plum Street-Rental 905 Plum Street-Rental 707 Cherry Street 836 Cherry Street--Rental 846 Cherry Street--Rental
(Error :in 1948 Report) 850 Cherry Street--Rental 856 Cherry Street--Rental 866 Cherry Street--Rental 870 Cherry Street--Rental 876 Cherry Street--Rental 880 Cherry Street--Rental 886 Cherry Street--Rental 906 Cherry Street--Rental 889 Atlant:Le Dr.-Rental

4,000, 00 4,000. 00 4,000. 00 4,000. 00 4,000. 00 4,000. 00 4,000. 00 2,000. 00 4,000. 00
$ 4,000. 00 4,000. 00 4,000. 00 4,000. 00 4,000. 00 4,000. 00 4,000. 00 4,000. 00 1,500. 00

4,000.00

TOTAL BUILDINGS

$8 ,084,132. 07 $1,294,683.30

$ 2,000,,00 $ 16,550.,00

$

4,000.,00

4,000.,00

4,000.,00

4,000.,00

4,000.,00

4,000.,00

4,000. 00

4,000.,00

4,000. 00 4,000.,00 4,000. 00 4,000.,00 4,000. 00 4,000.,00 4,000. 00 4,000. 00 4,000. 00 1,500.,00
$9,362,265.,37

D. E Q U I P M E N T

Administrative Offices $ 71,657.42 $ 12,042.41

Physical Plant

378,506.82

232,560.84

Library

481, 337.50

28,123.50

Hospital

20,822.23

$

Instructional Depts.

1,618,102.65

307,104.70

Organized Research

436,517.05

28,949.61

Extension

8,980.47

8,641.89

Apartments

90,877.32

1,072.00

Dormitories

76,726.45

39,066.05

Dining Halls

51,478.67

31,425.56

College Inn

71,066.07

16,103.20

Technical Institute

140,777.70

23,950.06

T O T A L E Q U I P M E N T $ 3 , 4 4 6 , 8 5 0 . 3 5 *$ 7 29,039.82 $

11.04

$ 83,699.83 611,067.66 509,461.00 20,811.19
1,925,207.35 465,466.66 17,622.36 91,949.32 115,792.50 82,904.23 87,169.27 164,727.76

11.04 $ 4,175,879.13

T O T A L INVEST M E N T IN P L A N T $ 1 2 , 8 2 5 , 9 4 8 . 6 4 $2,128,126.08 $187,745.21 $14,766,329. 51

Note: The increases and decreases reflected above include c orrecting adjustments in totals from previous year*,

-116-

G E O R G I A I N S T I T U T E OF T E C H N O L G Y ATLANTA, GEORGIA

STATEMENT OF INVESTMENT IN PLANT For Year E n d e d June 30, 1949

NAVY BASE

Building No. Building No. Building No. Building No. B u i l d i n g No. Buil d i n g No. Building No. Building No. Building No. Bui l d i n g No. Building No, Gymnasium

8 9 10A 11 12 13 17 19 20 24 28

TECHWOOD DORMITORY
LAWSON APARTMENTS
TOTAL BUILDINGS UNDER LEASE

Investment Beginning
Of Year

Additions

Deductions

Investment End Of Year

$ 150,000.00 146,000.00 33,900.00 79,800.00 79,800.00 $ 79,800.00 121,100.00 171,000.00 171,000.00 135,500.00 193,000.00 100,000.00
$ 939,100.00 $521,800.00
$ 250,000.00
$1,200,000.00

$146,000.00
$193,000.00 $339,000.00

$ 150,000.00
33,900.00 79/800.00 79,800.00 79,800.00 121,100.00 171,000.00 171,000.00 135,500.00
100,000.00 $1,121,900.00

$ 250,000.00

$1,200,000.00

$2,389,100.00 $521,800.00 $339,000.00 $2,571,900.00

-117-

U N I V E R S I T Y OF G E O R G I A S C H O O L O F M E D I C I N E
FINANCIAL REPORT
FOR THE YEAR ENDING June 30, 1949
University of Georgia School Of Medicine Augusta, Georgia

U N I V E R S I T Y OF G E O R G I A S C H O O L OF M E D I C I N E AUGUSTA, GEORGIA

BALANCE SHEET June 30, 1949

ASSETS

I, . CU R R E N T FUNDS Ao G E NERAL Cash on Hand and in Bank Accounts Receivable Due from Auxiliary Funds TOTAL GENERAL FUNDS

$14,722,54
,2 , 0 1 4 , 0 9
2 000,00

$ 18,736,63

B s RESTRICTED Cash on Hand and in Bank TOTAL RESTRICTED FUNDS

$46,315,61

$ 46,315,61

Co A U X I L I A R Y Cash on Hand and in Bank TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

$18,114,07

$ 18,114,07 $ 83,166,31

IIo A G E N C Y FUNDS Cash on Hand and in Bank TOTAL AGENCY FUNDS

$ 8,634,83 $ 8,634,83

IIIo

ENDOWMENT FUNDS Cash on Ha n d and in Banks Invested in Stores Equipment TOTAL ENDOWMENT FUNDS

IVo S T U D E N T LO A N FUNDS Gash on Hand and in Banks Student Notes Receivable Investments - U,S, Securities TOTAL STUDENT LOAN FUNDS

V. P H Y S I C A L P L ANT Land and Improvements Buildings Equipment TOTAL PHYSICAL PLANT

TOTAL ASSETS

$

691,87

5,000,00

$ 5,691,87

$ 3,502,64 14,167,57 14,000,00

$ 31,670,21

$127,500,00 361,500,00 379,303,79

$ 8 6 8 30379

$997,467,01

120-=

U N I V E R S I T Y OF G E O R G I A S C H O O L OF M E D I C I N E AUGUSTA, GEORGIA

BALANCE SHEET June 30, 1949

LIABILITIES

I.

CURRENT FUNDS

A. G E NERAL

Accounts Payable

$ 370.59

Reserve for Purchase Orders Outstanding

9,007.85

Surplus

9,358.19

TOTAL GENERAL FUNDS

$ 18,736.63

B. R E S T R I C T E D FUNDS Fund Balance
TOTAL RESTRICTED FUNDS

$46,315.61 $ 46,315.61

C. A U X I L I A R Y FUNDS Due to General Funds Surplus
TOTAL AUXILIARY FUNDS

$ 2,000.00 16,114.07
$ 18,114.07

TOTAL CURRENT FUNDS

$ 83,166.31

II. A G E N C Y FUNDS Fund Balance
TOTAL AGENCY FUNDS

$ 8,634.83 $ 8,634.83

III.

ENDOWMENT FUNDS Fund Balance
TOTAL ENDOWMENT FUNDS

$ 5,691.87 $ 5,691.87

STUDENT LOAN FUNDS Fund Balance
TOTAL STUDENT LOAN FUNDS

$ 31,670.21 $ 31,670.21

V.

PHYSICAL PLANT

Due to Endowment Funds

Invested in Plant

$ 5,000.00 863,303.79

TOTAL PHYSICAL PLANT

$868,303.79

TOTAL LIABILITIES AND SURPLUS

$997,467.01

>HH

- 121-

U N I V E R S I T Y OF G E O R G I A S CHOOL OF M E D I C I N E AUGUSTA, GEORGIA

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

General Income

Restricted Income

Total Income

STUDENT FEES Matriculation Non-Resident Tuition Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State ofGeorgia
Regular Operations City of Augusta
TOTAL GOVERNMENTAL
ENDOWMENT W.J. Young Fund
GIFTS AND GRANTS Cancer Clinic, Richmond County Junior League of Augusta, Inc. Ayerst, McKenna and Harrison Chemical Specialties Corporation Ciba Pharmaceutical Products, Inc, Eli Lilly Company Schering Corporation Upjohn Company U.So Public Health Service (Endocrinology) U.S. Public Health Service (Onocology) U #So Public H e alth Service (Medicine) UaSs Public Health Service (Pharmacology) U.S. Public Health Service (Surgery) American Academy of Arts & Sciences W.S,, Merrell Company Research Grant-Medical Art Claussen's - Scopicon Dr. Claude L. P e n n i n g t o n - Scopicon Life Insurance Medical Research Fund American Medical Association
TOTAL GIFTS & GRANTS
SALES & SERVICES Maternity Shelter Special Cancer Clinic Electroencephalographic Clinic
TOTAL SALES & SERVICES
OTHER SOURCES Property Rental General & Miscellaneous
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL & GENERAL INCOME

$ 86 ,210.22 1 5 , 2 7 7 o32 464.50
1101,952.04

$ 8 6 ,210,22 15277* 32 464.50
$101,952.04

$470,000.00 $470,000 .00

$ 5,000,00 $ 5,000.00

$470,000.00 5,000.00
$475,000.00

$ 3,452.73 $ 3,452.73

$ 1,775.00 125.00
3,000.00 1,500.00 2,000.00 2, 500.00 2,400.00
750.00 21,577.39 12,500 o00
5;169.57 1,860.00 8,960.00 1,800.00 2,400.00 1,000.00
100.00 500.00 8,400.00 200.00 $78,516.96

$ 1,775.00 125.00
3,000.00 1,500.00 2,000.00 2,500.00 2,400.00
750.00 21,577.39 12,500.00
5,169.57 1,860.00 8,960.00 1,800.00 2,400.00 1,000.00
100.00 500.00 8,400.00 200.00 $ 78,516.96

$ 4,462.00 $ 4,462.00

$ 1,689.00 375.00
$ 2,064.00

$ 4,462.00 1,689.00 375.00
$ 6,526.00

$

621.00

39.92

$

660.92

$577,074.96

$89,033.69

$

621.00

39.92

$

660.92

$666,108.65

-122

.. "

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o o o o
LoO
- 123 =

U N I V E R S I T Y OF GEORGIA SCHOOL OF MEDICINE AUGUSTA, GEORGIA

STATEMENT OF EDUCATIONAL AND GENERAL EXPENDITURES

For Year Ended June 30, 1949

Object Classification

Operating

General

Restricted

Salaries & Wages

Supplies & Expense

Equipment

Land, Buildings & Other Improvements

ADMINISTRATIVE AND GENERAL Dean's Office Department of Admissions Business Office General Registrar's Office
TOTAL ADMINc & GENERAL
PLANT OPERATIONS
LIBRARY

$ 7,950.65 4,066.83 8,457 89 6 ,999 82 5,557.50
$ 33,032.69
$ 60,172.08

$ 6,988.75 $

776.99 $

2,912.87

359.70

7,472.41

579.32

287.80

6,564.81

4,876.30

295.01

$ 22,538.13 $ 8,575.83 $

$ 28,540.02 $ 25,814. 12 $

184.91 794.26 406.16 147.21 386.19
1,918.73
3,282.22 $

2,535.72

S 5,482.90 $ 2,500.00 $ 4,859.32 $ 1,380.68 $ 1,742.90

INSTRUCTION Gross Anatomy Microscopic Anatomy Biochemistry Physiology & Pharmacology Pathology Bacteriology M,edicine Pediatrics Surgery Obstetrics & Gynecology Endocrinology Medical Art Lectures
TOTAL INSTRUCTION
ACTIVITIES RELATED TO INSTRUCTION Medical State Aid University Hospital Maternity Shelter Spcial Cancer Clinic Elctroencephalographic Clinic
TOTAL ACTIVITIES RELATED TO INSTRUCTION

$ 16,113.26 10,819.46 23,124.90 33,900.15 22,163.37 22,505.66 39,183.76 7,895.49 55,316.18 12,170.71 10,006.55 10,591.03 25.00
$ 2 6 3 , 8 1 5 . :52

$ 15,727.50 $

110.35 $

9,397.88

573.39

18,483.84

3,156.26

29,928.39

3,938.36

19,484.50

1,*560.48

20,289.99

1,956.95

37,308.45

1,053.-30

7,811.63

48.61

47,180.65

6,199.09

10,575.36

1,149.95

7 , 813.85 * 2, 199.62

8,413,33

1,074.59

25.00

$232,440.37 $ 23,020.95 $

275.41 848.19 1,484.80
33.40 1,118.39
258.72 822.01
35.25 1,936.44
445.40 - 6.92 1,103.11
8,354.20

$149,050.75 $
1,847.00

tn O O O O O tfs*O
o o o o o

$ 148,733.00 $

65. 44 $

15,000.00

o 604.00 381.97

1,429.10 600.00 220.00

385.82 4.00
161.97

$200,897.75 $ `5,985.97 $ 1 90,982.10 $ 15,617.23 $

252.31 32.08
284. 39

UNIVER S I T Y OF GEORGIA SCHOOL OF MEDICINE AUGUSTA, GEORGIA

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

(j e n e r al

Restricted

Salaries & Wages

Object Glassif ication Operating Supplies Equipment & Expense

L a n d ,Buildings & Other Improvement s

RESEARCH Regular Special
TOTAL RESEARCH
EXTENSION
TOTAL EDUCATIONAL & GENERAL EXPENDITURES

$

480,11 $ '

$ 400.19 $

79.92

$80,820,63 $ 51,837.16 17,168.05 11,815.42

IT

480,11 $80,820,63 $ 51,837.16 $17,568, 2iT~ $11,895.34

$ 1,038.51

$

107,31 $ 931.20

$564,919,56 $89,306.60 $531,304.41 $92,908.25 $27,477;78 $2,535.72

NON-EXPENSE Transfer to Auxiliary Funds Refund of Grants Included in
Previous Y e a r 's Income Rockefeller Foundation U.S. Public Health Service

$ 2,000.00
$ 100,00 359,18

TOTAL DISBURSEMENTS

$566,919,56 $89,765,78

- 124 =

U N I V E R S I T Y OF G E O R G I A SCHOOL OF M E D I C I N E AUGUSTA, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 30, 1949

INCOME

Bookstore Microscope Sales & Rentals Pelvimeter Sales Research Sales

$31,145,25 12,632,45 3,035.38 1,509,41

TOTAL AUXILIARY INCOME

$48,322.49

NON-INCOME Transfer from General Funds Loan from Endowment Funds

$ 2,000.00 5,000,00

TOTAL AUXILIARY RECEIPTS

$55,322.49

EXPENDITURES

Total

Salaries & Wages

Purchases for
Resale

Operating Supplies
& Expense

Equipment

Bookstore

$30,469.90

Microscope Sales & Rentals 14,982.87

Pelvimeter Sales

5,864.92

Research Sales

1,001.22

% 44.78
1,774.50 819.40

$30,008.60 14,801.31

$ 416.52 132,31
3,348.39 181,82

$ 49.25 742.03

TOTAL EXPENDITURES

$52,318.91 $2,638.68 $44,809.91 $4,079.04

$ 791,28

=125 =

U NIVERSITY OF GEORGIA SCHOOL OF MEDICINE AUGUSTA, GEORGIA

STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year En d e d June 30, 1949

Bai ance J u l y 1,
1948

Receipts for
Year

Disbursements For
Year

Balance June 30,
1949

Ciba Pharmac e u t i c a l P r oducts Inc, Cox Fund (Urology) Life Insurance Medical Research Fund Macy Grant Markle Foundation (Microbiology) Markle Foundation (Medicine) Merck Fund Swift Fund (Pellogra) Pathology of Cancer Endocrinology Grants Pharmacology Grants Rockefeller Foundation Special Research (Pharmacology) U.S.P.H.S. - Medicine U.S.P.H.S. ~ Endocrinology U.S.P.H.S. - Medicine U.S.P.H.S. - Obst, Pharm. U.S.P.H.S. - Oncology U.S.P.H.S. - Pharmacology U.S.P.H.S. - Surgery W.G. Tyson Fund W.J. Young Fund Undistributed Interest Cancer Clinic Junior League of Augusta (Psychiatry) American Academy of Arts & Sciences W.S, Merrell Company - Diocyl Medical Art Research Grants Scopicon Grants American Medical Association City of Augusta Grants Special Cancer Clinic Electroencephalographic

$

44o 61

1,000.00

1 , 1 3 8 o 12

344.10

2,781,17

158.16

65.54

268,84

1,612.50

8,709.30

1,166.10

100.00

.57

18.47

- 7,528.62

4,178.09

611.93

23,519.78

18.50 8,442.31
399.37

m CO o o o o

12,150.00
21,577.39 5,169.57
12,500.00 1,860.00 8,960.00
3,452.73
1,775.00 125.00
1,800.00 2,400.00 1,000.00
600.00 200.00 5,000.00 1,689.00 375.00

co o o
1

$

44.61

8,304.28

817.79

7,504.62 883.91 100.00
14,971.42 9,206.97 611.93
28,556.23 720.12
6,795.33
2,500.00
1,480.95 425.00
470.47 704.88
21.33 5,000.00
604.00 381.97

$ 1,000.00 1,233.84 344.10 1,963.38 158.16 65.54 268.84 1,652.53
13,354.68 282.19
- .57 18.47
- 922.65 140.69
7,463.55 1,139.88 2,164.67
18,50 9,395.04
399.37 294.05
1,800.00 1,929.53
295,12 600.00 178.67
. 1,085.00 6.97

TOTAL

$47,047.70 $89,033.69 $89,765.78 $46,315.61

-126-

UNI V E R S I T Y OF GEORGIA SCHOOL OF MEDICINE AUGUSTA, GEORGIA

STATEMENT OF TRUST FUND BALANCES For Year E nded June 30, 1949
Principal Balance, Beginning of Year Additions:
Gifts and Grants Income on Investments Income on Student Loans
Total Additions Principal Balance, End of Year

Endowment Funds

Loan Funds

$5,653.30 $30,300.36

844.04

38. 57

439.83

85.98

$ 38.57 $ 1,369.85

$ 5,691.87 $31,670.21

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

Fund Balance Beginning Of Year

Additions

Fund Balance

Deductions

End

Of Year

ENDOWMENT FUNDS Moore-Carter Fund
TOTAL ENDOWMENT FUNDS
LOAN FUNDS Murphy Fund Student Loan Fund Kellogg Fund
TOTAL LOAN FUNDS
TOTAL TRUST FUNDS

$ 5,653.30 $ $ 5,653.30 $

38.57 38.57

$ 7,055.19 7,648.22
15,596.95 $ 3 0 , 3 0 0 ,36

$ 154.34 1,003.45 212.06
$1,369. 85

$35,953. 66 $1,408. 42

$ 5,691.87 $ 5,691.87
$ 7,209.53 8,651.67
15,809.01 $31,670. 21
$37,362. 08

-127 -

U N I V E R S I T Y OF GEORGIA SCHOOL OF MEDICINE AUGUSTAGEORGIA

STATEMENT OF CHANGES IN CASH BALANCES For Ye a r Ended June 30, 1949

CURRENT FUNDS General Restricted Auxi1 i ary
TOTAL CURRENT FUNDS
AGENCY FUNDS
TRUST FUNDS Endowment Student Loan
TOTAL TRUST FUNDS
TOTAL

Cash Balance Ju l y 1, 1948

Receipts Disbursements

For Year

For Year

Cash Bai ance

$ 4,567.14 47,047.70 15,110.49
$66,725.33

$577,074.96 89,033.69 55,322.49
$721,431.14

$566,919.56 89,765.78 52,318.91
$709,004.25

$ 7,926.68 $ 10,947.04 $ 10,238.89

$14,722.54 46,315.61 18,114.07
$79,152.22
$ 8,634.83

$ 653.30 $ 5,038.57 $ 5,000.00

5,898.59

4,709.05

7,105.00

$ 6,551.89 $ 9,747.62 $ 12,105.00

$81,203.90 $742,125.80 $731, 348. 14

$ 691.87 3,502.64
$ 4,194.51
$91,981.56

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1949

Baso Metabolism State Entrance Examiner Student Breakage Deposit Student Deposit on Fees Student Health & Activitie s
TOTAL AGENCY FUNDS

Balance Beginning
Of Year
$ 50.00 26.00
4,641, 43 1,800.10 1,409.15
$7,926.68

Receipts Disbursements

For Year

For Year

$ 5,165.79 174.90
5,606.35

$ 6,222.20 4,016.69

$10,947.04 $10,238.89

Balance End Of
Ye ar
$ 50.00 26.00
3,585.02 1,975.00 2,998.81
$8,634.83

UNIVERSITY OF GEORGIA SCHOOL OF MEDICINE AUGUSTA, GEORGIA

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

Year Acquired

Investment Beginning
Of Year

Additions

Investment

Deductions

End

Of Year

A. LAND

$127,500.00

$127,500.00

B. B U ILDINGS

Newton

1912

Dugas

1937

Murphey

1939

Dwelling, 1496 Harper St.

TOTAL BUILDINGS

$ 80,000.00 140,000.00 140,000.00 1,500.00
$361,500.00

$ 80,000.00 140,000.00 140,000.00 1,500.00
$361,500.00

C. E Q U I P M E N T Administrative Office Physical Plant Library Instructional Departments Stores - Microsce TOTAL EQUIPMENT

$ 13,555.26 222.37
78,311.70 204,277.06
31,908.10 $328,274.49

$ 1,673.23 322.40
4,977.54 30,996.88 13,059.25 $51,029.30

$ 15,228.49 544.77
83,289.24 235,273.94
44,967.35 $379,303.79

TOTAL INVESTMENT IN PLANT

$817,274.49 $51,029.30

$868,303.79

-129-

NORTH GEORGIA COLLEGE
FINANCIAL REPORT FOR THE YEAR ENDING
J U N E 30, 1949
North Georgia College Dahlonega, Georgia

NORTH GEORGIA COLLEGE DAHLONEGA, GEORGIA

BALANCE SHEET June 30, 1949

ASSETS
I,, C U R R E N T FUNDS Ao G E NERAL Cash on Hand Cash in Bank Accounts Receivable TOTAL GENERAL FUNDS
Bo A U X I L I A R Y Cash on Hand Cash in Bank Accounts Receivable Stores (Inventories) TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

IIo A G E N C Y FUNDS Cash in Bank

TOTAL AGENCY FUNDS

IIIo

STUDENT LOAN FUNDS Cash in Bank Notes Receivable Investments

TOTAL STUDENT FUNDS

IVo P H Y S I C A L P L A N T Land and Improvements Buildings Equipment

TOTAL PHYSICAL PLANT TOTAL ASSETS

$ 1, 000.00
22,757.50 11,529.54
$

35,287.04

$ 385.00 43,625.24 6,614.80 5*6,545.47 $ 107,170.51
$ 142,457.55

$

9,354.13

$

9,354.13

$

117.26

315.00

5,000.00

$

5,432.26

$ 168,900.00 1,277,150.00 391,998.70
$1,838,048.70
$1,995,292.64

-132 =

NORTH GEORGIA COLLEGE DAHLONEGA, GEORGIA

BALANCE SHEET June 30, 1949
LIABILITIES

CURRENT FUNDS A. G E N ERAL
Accounts Payable Purchase Orders Outstanding Contr a c t s to be N e g o t i a t e d General Surplus
TOTAL GENERAL FUNDS

B. A U X I L I A R Y Accounts Payable Purchase Orders Outstanding Contracts to be Ne g o t i a t e d Unearned Income Reserve for Stores (Inventories) Auxiliary Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

II. A G E N C Y FUNDS Fund Balances
TOTAL AGENCY FUNDS

III.

STUDENT LOAN FUNDS Fund Balances
TOTAL STUDENT LOAN FUNDS

IV. P H Y S I C A L P L A N T Due to Univer s i t y of Georgia Invested in Plant
TOTAL PHYSICAL PLANT

TOTAL LIABILITIES

$ 115.73 3,691.44 8,667.17
22,812.70 $

35,287.04

$ 235.60 21,118.51 8,400.00 13,350.19 56,545.47 7,520.74 $

107,170.51

$ 142,457.55

$

9,354.13

$

9,354.13

$

5,432.26

$

5,432.26

$ 37,928.00 1,800,120.70 $1,838,048.70
$1,995,292.64

-133-

NORTH GEORGIA COLLEGE DAHLONEGA, GEORGIA

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

STUDENT FEES Non-Resident Tuition Matriculation Health Service Summer Session Other
TOTAL STUDENT FEES

PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Military Garage
TOTAL GOVERNMENTAL

OTHER SOURCES Sales Land Scrip Miscellaneous
TOTAL FROM OTHER SOURCES

TOTAL EDUCATIONAL AND GENERAL INCOME

NON-INCOME

Transfer from Restricted Funds

,

TOTAL EDUCATIONAL AND GENERAL RECEIPTS

General Income
$ 20,677,,87 70,725.,36 6,310. 70 11,566. 91 393.,00
$109,673. 84

$210,000.00
25,000.00 $235,000.00

$

36.24

800.00

604.75

$ 1,440.99

$346,114.83

$ 4,737.72 $350,852.55

-134-

N O R T H GE OR GI C O L L E G E
DAHLONEGA, GEORGIA

13 5

ADMINISTRATIVE & GENERAL Comptroller Dean of Faculty President Registrar General
TOTAL ADMIN & GENERAL
STUDENT WELFARE Dean of Women Dean ,of Men Student Hospital General
TOTAL STUDENT WELFARE
PHYSICAL PLANT Operation Science Building
TOTAL PHYSICAL PLANT
LIBRARY
INSTRUCTION Biology Chemistry Business Administration Englis h Education Guidance Home Economics Languages Mathematics Military Physical Education Physics Social Science

STATEMENT OF EDUCATIONAL AND GENERAL EXPENDITURES

For Year E nded June 30, 1949

_____________________________________ O bject C l a s s i f i c a t i o n

Operating

L a n d ,Build-

Total

Restricted Salaries

Supplies Equipment ings & Other

& Wages

& Expense

Improvements

s 15,775.86 5,010.20
10,636.74 5,444.05 7,870.77
$ 44,737.62

$ 13,563.46 $ 4,456.57 9,794.29 4,853.31 62. 20

1,090.18 $ 402.00 842,,i 4-5 590.74
7,808.57

$ 32,729.83 $ 10,733.94 S

1,122.22 151.63
1,273.85

$ 2,186.84 6,255.80 7,746 35 8,559.20
$ 24,748 19

$ 12,086.84 $ 6,155.80 5,998.00 1,873.00
$ 16,113.64 $

100.00 100.00 1,603.05 $ 6,686.20
8,489.25 $

145.30 145^30

$ 99,850.33

$ 36,301.84 $ 21,117.45 $ 14,300.82 $ 28,130.22

$ 69,092.52

69,092.52

s 99,850.33 $ 69,092.52 $ 36,301.84 $ 21,117.45 $ 14^300.-82 $ 97,222.74

$ 18,243.23

$ 8,113.46 $ 10,129.77

$ 12,011.62 13,689.48 10,229.92 16,972.47 8,895.05 3,125.-33 6,803.10 12,058.33 16,735.36 1,169.88 21,450.44 12,174.88 14,498.93

$ 11,099.26 $ 11,203.21 9,-704.32 16,740.-50 `8 , 5 4 0 . 7 6 2,496.55 4,672.96 11,870.04 16,620.12 942.60 14,766.29 10,628.68 14;298.93

912.36 2,274.14 $
287.10 231.97 354.29 628.78 1,217.45 188.29 115.24 162.03 . 973.15 1,178.61 200.00

* 212.13 238.50
912.69
65. 25 5;711.00
367.58

NORTH GEORGIA COLLEGE DAHLONEGA, GEORGIA

INSTRUCTION ( C o n t 'd) Summer Session
TOTAL INSTRUCTION

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

___________________________________________ O bject C l a s s i f i c a t i o n

Operating

Total

Restricted Salaries Supplies

Equipment

.. ,

& Wages & Expense

---

..... *=*..

Land,Building & Other
Improvements -..-.... =

$ 13,596,86________________ $ 13,390.75 $

206,11

$163,411,65

__________ $ 1 4 6 , 9 7 4 ,98 $ 8 , 929,52 $ 7,507,15

TOTAL EDUC, & GENERAL EXPENSE
NON-EXPENSE Transfer to General Funds

$350,991,02 $69,092,52 $240,233,75 $ 59,399,93 $23,227,12 $97,222,74 $ 4,737,72

TOTAL EDUC. & GENERAL DISBURSEMENTS,$350,991,02 $73,830,24

"9T "

ijg

NORTH GEORGIA COLLEGE DAHLONEGA, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 30, 1949

INCOME

Bookstore Dormitories
Sanford Hall Barnes Hall Barracks Band House Moore Apartments
Total Dormitories Dining Hall Farm and Dairy Uniform Exchange Student's Exchange Staff Housing (Regular) Staff Housing (Special) Veteran Housing F.W.A. Grant

$ 23,545.88

$ 9,185.00 9.562.00
14,348.75 5,531.50 1.434.00

$ 40,061.25 145,823.72 15,477.71 29,648.29 22,815.35 8,461.42 2,849.46 3,090.54 5,600.00

TOTAL AUXILIARY INCOME

$297,373.62

NON-INCOME Loan from University of Georgia Endowment Funds

39,000.00

TOTAL AUXILIARY RECEIPTS

EXPENDITURES

$336,373.62

... .

...

Total

Salaries & Wages

Purchases for
Resale

Operating Supplies & Expense

Equipment

Land, Build ings & Other Improvements

Bookstore Dormitories
Sanford Hall Barnes Hall Barracks Band House Moore Apartments Dining Hall Farm and Dairy Uniform Exchange Students Exchange Staff Housing (Reg,) Staff Housing (Spec.) Veteran Housing Dormitory Plans TOTAL AUX. EXPEND.

$ 17,343.20
8,485.37 9,724.00 13,609.49 3,767.73 3,280.73 140,418.13 20,064.71 17,377.91 24,519.77 6,401.85 62,752.40
607.29 5,600.00 $333,952.58

NON-EXPENSE Transfer to Agency Funds $ 1,500.00 Payment on Loan to Univ. Ga. 1,072.00

$ 1,450.00 $ 15,839.92 $ 53.28

1,992.33 2,273.73 3,195.19 1,204.97
549.76 28,320.24
9,444.37 248.75
3,224.53 2,153.21
725.51 16.03

99,540.47
17,125.16 18,655.43
1,859.55

6,443.04 6,455.32 10,314.30 2,312.76 2,730.97 11,004.77 10,620.34
4.00 397.21 1,581.45 381.88 591.26

$ 161.71 200.00
1,552.65
2,242.60 436.18
5,244.84

$54,798.62 $153,020.53 $52,890.58 $ 9,837.98

$

50.00

833.24

100.00

50.00

371.46 56.400.17
5,600.00 $ 63,404.87

TOTAL

$336,524.58

-137-

NORTH GEORGIA COLLEGE DAHLONEGA, GEORGIA
STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year E nded June 30, 1949

Science Building Federal Building
TOTAL RESTRICTED FUNDS

Balance Beginning
Of Year
$69,330.24 4,500.00
$73,830.24

Income for Year

Expenditures for
Year

Transfers

$69,092.52 $ 237.72 4,500.00

$69,092.52 $ 4,737.72

Balance End
Of Year

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1949

Bookstore Deposits Uniform Deposits Laboratory Deposits Military Prop. Dept. Dormitory Breakage Department MisCo Student Deposit Student Activities
TOTAL AGENCY FUNDS

Balance Beginning
Of Year

Receipts for Year

Disbursements for
Year

Balance End
Of Year

$ 145.05 4,735.03
488.69 1,478.10
573.57 1,472.77

$ 2,140.00
620.00 226.63 11,357.96

$ 116.45 1,902.65 66.50
11,798.07

$8,893.21 $14,344.59 $13,883.67

$ 28.60 2,832.38 2,140.00 422.19 2,098.10 800.20 1,032.66
$9,354.13

=138-

NORTH GEORGIA COLLEGE DAHLONEGA, GEORGIA
STATEMENT OF TRUST FUND BALANCES For Year Ended June 30, 1949
Balance of Principal, beginning of Year Additions: Receipts
1. Income on Investments Total Additions
BALANCE OF PRINCIPAL, END OF YEAR

Loan Funds $5,307.26
125.00 $ 125.00 $5,432.26

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

LOAN FUNDS John H. Moore
TOTAL LOAN FUNDS
TOTAL TRUST FUNDS

Fund Balance Beginning Additions Of Year

Fund Balance

Deductions

End Of

Year

i
o o LO eg
r-H

$5,307.26 $5,307.26
$5,307.26

$ $ 125.00
$ 125.00

$5,432.26 $5,432.26
$5,432.26

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

LOAN FUNDS Bonds Governmental Student Notes Receivable
TOTAL LOAN FUNDS
TOTAL TRUST FUND INVESTMENTS

Book Value

Market Value

$5,000.00 315.00
$5,315.00
$5,315.00

$5,000.00 315.00
$5,315.00
$5,315.00

-139-

NORTH GEORGIA COLLEGE DAHLONEGA, GEORGIA

STATEMENT OF CHANGE IN CASH BALANCES For Year E nded June 30, 1949

Cash Balance J u l y 1, 1948

Receipts Di sbursements

For Year

For Year

Cash Balance

CURRENT FUNDS General Restricted Auxiliary
TOTAL CURRENT FUNDS
AGENCY FUNDS Loan Funds
TOTAL TRUST FUNDS
TOTAL

$ 23,895,97 73,830,24 44,161,20
1141,887,41

$350,852, 5^5
336,373,62 $687,226,17

$350,991,02 73,830,24
336,524,58
$761,345,84

$23,757,50
44,010,24 $67,767,74

$

84,76

$

84,76

$150,865,38

$

125,00 $

$

125,00 $

92,50 92,50

$701,695,76 $775,322,01

$ 117,26 $ 117,26
$77,239,13

Bank of Dahlonega Cash on Hand

BANK BALANCES

$ 75,854,13 ___ 1 ,385,00
$ 77,239,13

-140-

00 o o o


NORTH GEORGIA COLLEGE DAHLONEGA, GEORGIA

STATEMENT OF INVESTMENT IN PLANT For Year E nded June 30, 1949

LAND Old Campus 31% Acres New Campus 30 Acres Old Farm 120 Acres New Farm 352 Acres
TOTAL LAND

Investment Beginning
Of Year

Additions

Deductions

Investment End
Of Year

$ 1 4 , 500o 00 6 , 0 0 0 ,, 00 4,000.00
1 32,500.00

$ 14,500.00 6,000.00
8,000.00 $ 32,500.00

BUILDINGS Academic Price Memorial Business Administration Home Economics Military Science Library Auditorium - Dining Hall Gymnasium Band House Barnes Hall Barracks Sanford Hall Infirmary 4 Maintenance Buildings 4 Janitors Homes 4 Unit Faculty Apartments 2 Unit Faculty Apartments 4 Faculty Homes 3 Faculty Homes 3 Faculty Homes 6 Faculty Homes Cow Barn 14 Farm Buildings 6 Unit Veteran Apartments 6 Unit Veteran Apartments 6 Unit Veteran Apartments
TOTAL BUILDINGS

$ 79,200.00 60,000.00 40,000.00 40,000.00 40,000.00
287,200.00 55 000.00
100,000.00 17,600.00 18,000.00 81,500.00 72,200.00 43,0,00.00 18,000.00 6,500.00 6,700.00 40,000,00 5,000.00 19,000.00 39,000.00 30,000.00
2,500.00 8,050.00
11,108,450.00

$ 5,800.00
1,500.00 1,800.00
57,000.00 34,200.00 34,200.00 34,200.00 $168,700.00

IMPROVEMENTS OTHER THAN BUILDINGS

Streets & Sidewalks

$

Lighting System

Water System

Sewer System

50,103.80 25,000.00 20,000.00 38,000.00

$

896.20

700.00 1,700.00

TOTAL IMPROVEMENTS

$ 133,103.80 $ 3,296.20

$ 85,000.00 60,000.00 40,000.00 40,000.00 40,000.00
287,200.00 55,000.-00
100,000.00 17,600.00 18,000.00 83,000.00 74,000.00 43,000.00 18,000.00 6,500.00 6,700.00 40,000.00 5,000.00 19,000.00 39,000.00 30,000.00 57,000.00 2,500.00 8,050.00 34,200.00 34,200.00 34,200.00
$1,277,150.00
$ 51,000.00 25,000.00 20,700.00 39,700.00
$ 136,400.00

141

NORTH GEORGIA COLLEGE DAHLONEGA, GEORGIA

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

Investment Beginning
Of Year

Additions

D. E Q U I P M E N T

Administrative Offices

$ 10,738.66 $ 4,965.24

Physical Plant

49,072.69

21,997.05

Library

48,963.14

6,259.59

Instructional Departments

154,227.38

17,041.79

Dormitories

24,718.60

Dining Hall

17,867.88

3,089.82

Farm

24,211.87

2,494.90

Faculty & Staff Housing

1,412.49

2,160.90

Veteran Housing

2,976.00

T O T A L "E Q U I P M E N T

$ 331,212.71 $ 60,985.29

TOTAL INVESTED IN PLANT

$1,605,266.^51 $232,981.49

Deductions

Investment End
Of Year

$ 15,703.90

71,069.74

55,222.73

171,269.17

$199.30

24,519.30

20,957.70

26,706.77

3,5,73.39

2,976.00

$199.30 $ 391,998.70

$199.30 $1,838,048.70

- 142

GEORGIA STATE COLLEGE FOR WOMEN
FINANCIAL REPORT FOR THE YEAR ENDING
J U N E 30, 1949
Georgia State College for Women Milledgeville, Georgia

GEORGIA STATE COLLEGE FOR WOMEN MILLEDGEVILLE, GEORGIA

BALANCE SHEET June 30, 1949

ASSETS

Io C U R R E N T FUNDS
Ao GE N E R A L Cash in Bank Accounts Receivable TOTAL GENERAL FUNDS

$ 50,284.78 2,476.32 $

52,761.10

B,, R E S T R I C T E D Cash in Bank Accounts Receivable TOTAL RESTRICTED FUNDS
Co A U X I L I A R Y ENT E R P R I S E S
Cash in Bank Accounts Receivable Stores
TOTAL AUXILIARY FUNDS

$- 7,567.80 7,567.80 $-
$111,008.10 67.43
30,019.05 $ 141,094.58

TOTAL CURRENT FUNDS

$ 193,855.68

IIo A G E N C Y FUNDS Cash in Bank
TOTAL AGENCY FUNDS

$ 11,186.95 $ 11,186.95

Ilio

ENDOWMENT FUNDS Cash in Bank Investments;
UoS, Securities
Real Estate

TOTAL ENDOWMENT FUNDS

IVo ST U D E N T LOAN FUNDS Cash in Bank Investments:
U . So S e curities
Bonds Commercial Notes Receivable

$ 20,330.03
31,500.00 155,000.00
$ 206,830.03
$ 32,101.85
62,036.50 5,250.00
14,862.14

Vo PHYS I C A L P L A N T Land and Improvements Buildings Equipment
TOTAL PHYSICAL PLANT

114,250.49
$ 552,750.00 2,555,000.00 1,069,750.54 $4,177,500.54

TOTAL ASSETS

$4,703,623.69

~ 144=

GEORGIA STATE COLLEGE FOR WOMEN MILLEDGEVILLE, GEORGIA

BALANCE SHEET June 30, 1949

LIABILITIES

I. CURRENT FUNDS A. GE N E R A L Accounts Payable Purchase Orders Outstanding Contracts Negotiated Unearned Income Surplus TOTAL GENERAL FUNDS

$ 2,932.01 7,655.15
21,856.80 2,495.00
17,822.14 $

52,761.10

B. R E S T R I C T E D FUNDS Fund Balance

S -----

C. A U X I L I A R Y ENTE R P R I S E S Accounts Payable Purchase Orders Outstanding Work in Progress Unearned Income Reserve for Stores Surplus TOTAL AUXILIARY ENTERPRISES

$ 1,748.85 21,298.98 37,884.03 12,730.00 30,019.05 37,413.67 $

141,094.58

TOTAL CURRENT FUNDS
II. A G E N C Y FUNDS Fund Balance

S 193,855.68 S 11,186.95

TOTAL AGENCY FUNDS
III. ENDOWMENT FUNDS Fund Balance
TOTAL ENDOWMENTS
IV. S T UDENT LOAN FUNDS Fund Balance
TOTAL STUDENT LOAN
V. PHYS I C A L P L A N T Due to Endowment Funds Invested in Plant
TOTAL PHYSICAL PLANT
TOTAL LIABILITIES AND SURPLUS

$ 11,186.95
S 206,830.03 $ 206,830.03
$ 114,250.49 $ 114,250.49
$ 155,000.00 4,022,500.54 $4,177,500.54 $4,703,623.69

-145-

GEORGIA STATE COLLEGE FOR WOMEN MILLEDGEVILLE, GEORGIA

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

STUDENT FEES Non-Resident Tuition Matriculation Health Service Summer Session Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS Regular Operations Vocational Funds General Extension Baldwin County
TOTAL PUBLIC APPROPRIATIONS
GIFTS AND GRANTS Rockefeller Foundation
TOTAL GIFTS AND GRANTS
OTHER SOURCES Nursery School Miscellaneous
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME

General Income
$ 4,900.00 100,932.00 14,357.25 27,158.80 5,850.00
$153,198.05

Restricted Income

Total Income

$ 4,900.00 100,932.00 14,357.25 27,158.80 5,850.00
$153,198.05

$482,000.00 1,600.00
$483,600.00

$23,242.14
22,531.92 $45,774.06

$482,000.00 23,242.14 1,600.00 22,531.92
$529,374.06

$ 1,000.00 $ 1,000.00

$ 1,000.00 $ 1,000.00

$ 3,769.35 5,194.97
$ 8,964,32
$645,762.37

$46,774.06

$ 3,769.35 5,194.97
$ 8,964.32
$692,536.43

-146-

GEORGIA STATE COLLEGE FOR WOMEN MILLEDGEV ILLE, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Ye a r Ended June 30, 1949

Cafeteria Dining Hall Laundry Livestock Residence Halls
Atkinson Beeson Bell and Annex Ennis Mansion Annex Mayfair Sanford Terrell and Annexes Miller, Gilstrap, Etc.
Total Residence Halls Student Union
TOTAL AUXILIARY INCOME
N O N -INCOME Loan from Endowment Funds
TOTAL AUXILIARY RECEIPTS

INCOME

$ 27,320.66 309,496.45 39,382.59 5,880.20

S 8,670.78 11,943.24 15,882.30 9,568.23 2,145.68 2,249.72 13,485.04 29,660.22 4,113.17

$ 97,718.39 32,999.85

$512,798.14

110,000.00 $622,798.14

-147-

GEORGIA STATE COLLEGE FOR WOMEN MILLEDGEVILLE, GEORGIA

ADMINISTRATIVE AND GENERAL Administrative Dean Alumnae Office Business Office P r e s i d e n t 's Office Public Relations R e g i s t r a r 's Office General Expense
TOTAL ADMIN. & GENERAL

STATEMENT OF EDUCATIONAL AND GENERAL EXPENDITURES

For Year Ended June 30, 1949________________

Object Classification

Operating

Land,Build-

General

Restricted

Salar ies & Wages

S u p p l ies & Expense

Eq uipment ings&Other Improvements

$ 5,287.03 3,718.11
17,141.20 17,087.03
2,859.33 7,473.28 28,148.98
$ 81,714.96

$ 4,879.40 3,112.94
15,069.58 11,463.92
1,565.24 6,771.07 6,480.94
$ 49,343.09

$

383.66 $

605.17

1,989.37

5,563.71

1,294.09

489.22

21,668.04

$ 31,993. 26 $

23.97 82.25 59.40 212.99
378.61

-8tl"

STUDENT WELFARE Dean of Women Student Personnel Placement Bureau Student Hospital Vol. Rel. Activity Lake Laurel Camp Ray
TOTAL STUDENT WELFARE

$ 6,476.15 3,404.37 1,173.58
18,453.56 1,950.00 964.54 1,055.48
s 33,477.68

$ 6,049.88 $

389.07 $

3,144.33

260.04

1,020.00

153.58

12,805.79

5,392.77

1,950.00

490.50

474.04

451.98

603.50

$ 25,912.48 $ 7,273.00 $

37. 20 255.00 292.20

PHYSICAL PLANT Operation Capital Improvement
TOTAL PHYSICAL PLANT
LIBRARY

$ 90,983.41 43,609.13
$134,592.54
$ 35,167.66

$ 48,266.08 $ 48,266.08 $ 20,841.45

$ 40,362.17 $ $ 40,362.17 $

2,355.16 6,284.00 $ 37,325.13
8,639.16 $ 37,325.13

$ 10,356.45 $ 3,969.76

INSTRUCTION Art Biology Business Administration Chemistry Education "English

$ 12,683.08 15,735.78 23,445.44 11,823.47 15,569.74 33,800.33

$ 11,506.98 $

695.43 $

480.67

14,152.57

930.21

653.00

19,758.81

1,610.62

2,076.01

10,803.43

1,020.04

14,698.18

871.56

33,663.27

137.06

qp

GEORGIA STATE COLLEGE FOR WOMEN MILLEDGEVILLE, GEORGIA

INSTRUCTION ( C ont'd) French and Spanish General Instr. Expense Health Hi s to r y Home Economics Home Management Latin and Humanities Mathematics Music Nursery School Peabody School Physical Education Physics Phil *, Spy*, & Rel. Social Studies Summer School
TOTAL INSTRUCTION
ORGANIZED RESEARCH

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

General

Restricted Salaries & Wages

Object Glassification

Operating

Supplies

Equipment

& Expense

L a n d ,Bu i l d ings & Other Improvement s

$ 9,899.91 8,893.90 9,584,55
13,010.05, 31,361.03
4,174.85 3,300.00 6,932.03 29,358.50 7,730.79 31,474.63 $ 18,036.23 5,141.93 12,009.96 20,821.68 33,494.75

22,531.92

$ 9,899.91 4,092.82 $ 9,3 26. 29
12,999.88 28,556.59
3,300.00 6,900.00 25,584.77 6,312.69 52,224.11 15,728.06 4,321.91 11,717.45 20,570.59 33,494.75

4,561.08 $ 227.92 10. 17
2, 186.68 4,121.29
32.03 1,061.15 1,418. 10 1,736.18 2,242.25
800.82 292.51 251.09

$358,282.63 $ 22,531.92 $349,613.06 $ 24,206.19 $

240.00 30.34
617.76 53.56
2,712.58 46.26 65.92 19.20
6,995.30

$ 1,692.34 $ 1,000.00 $

923.; 35 $

874.93 $

894.06

EXTENSION Voc, Horae Economics Ext. & Correspondence
TOTAL EXTENSION
TOTAL EDUCATIONAL & GENERAL EXPENDITURES

$ 25,326.09 $ 19,770.09 $ 5,556.00

$ 3,487.37

3,487.37

$ 3,487.37 $ 24,326.09 $ 23,257.46 $ 5,556.00

rH
O
GO m 00
CO

*643,415.18 $

$518,156.97 $120,622.00 $ 21,169.09 $ 37,325.13

GEORGIA STATE COLLEGE FOR WOMEN MILLEDGEVILLE, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 30. 1949
EXPENDITURES

Cafeteria Dining Halls Laundry Livestock Student Union Steam Returns & Electricity Water Coolers Land Purchases Residence Halls
Atkins Beeson Bell :and Annex Ennis Mans ion Mayfair Sanford Terrell Miller, etc. Parkhurst Apartment Building
TOTAL AUXILIARY EXPENDITURES

Total

Salaries & Wages

Purchases For
Resale

Operating Supplies & Expense

Equipment

Land,Buildings & Other Improvement s

$ 25,432.66 $ 9,376.54 $ 12,532.14 $ 2,683.36 $

840.62

294,372.68 47,350.58 195,991.51 31,595.30 19,435.29

31,556.26 22,925.13

6,702.42

1,928.71

o o t**

4,624.48

4,617.48

31,180.93

4,228.33 25,297.63

937.95

717.02

10,018.08

$ 10,018.08

1,784.00

1,784.00

3,013.15

3,013.15

18,530.27 11,963.98 24,759.11
8,419.15 5,559.98 3,244.50 25 627 86 29,285.76 1,016.69 109,524.61

4,524.37 3,524.21 7,943.40 4,090.73 3,018.00 1,959.62 4,395.26 9,429.02
97.28

3,013.14 7,867.27 12,367.61 3,744.73 2,058.98 1,262.88 5,380.04 12,896.53
905.84

125.50 572.50 3,658.10
29. 21
22.00 225.12 6,960.21
13. 57

10,867.26 790.00 554.48 483.00
15,627.44
109,524.61

$ 6 39,914.15 $122,869.47 $233,821. 28 $ 96,033.53 $ 34,527.85 $152,662.02

"OSI -

GEORGIA STATE COLLEGE FOR WOMEN MILLEDGEVILLE, GEORGIA
STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year En d e d June 30, 1949

Baldwin County Vocational Home Economics Rockefeller Foundation
,_ _ _ _ lUiftL ncoiniuiHjU rui>uo

Balance Beginning
Of Year

Receipts

Disbursements

Balance End
Of Year

$22,531.92

$-5,483.85

23,242.14

1,000.00

$-5,483.85 $46,774.06 ------------------------------

STATEMENT OF TRUST FUND BALANCES

$22,531.92 25,326.09 1,000.00
$48,858.01

$- 7,567.80 $- 7,567.80

Balance of Principal, beginning of Year

Endowment Funds

Loan Funds

$117,597.88 $ 66,202.16

Additions: 1. Gifts and Grants from private 2. Income on Investments Total Additions

sources

87,400.08 3,864.69
$ 91,264.77

43,771.23 4,336.66
$ 48,107.89

Deductions 1. Loan Fund Expense 2. Endowment Expense 3. Scholarships
Balance of Principal, end of Year
SUMMARY OF TRUST FUND INVESTMENT For Year En d e d June 30, 1949

$

$

27.62

2,005.00

$ 2,032.62 $

59.56 59.56

$206,830.03 $114,250.49

Book Value

LOAN FUNDS Bonds Commercial Bonds, U.S. Treasury Notes Receivable
TOTAL LOAN FUNDS

$ 5,250.00 62,036.50 14,862.14
$ 82,148.64

ENDOWMENT FUNDS Bonds, U.S. Treasury Notes Receivable - Apartment Building
TOTAL ENDOWMENT FUNDS
TOTAL TRUST FUND INVESTMENTS

$ 31,500.00 155,000.00
$186,500.00
$268,648.64

-151"

GEORGIA STATE COLLEGE FOR WOMEN MI L L E D GEVILLE, GEORGIA

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

LOAN FUNDS Atlanta GSCW Alumnae Earl Bailey J.L. Beeson Callie Christie Bell, DAR L.D. Wimberly Bridges, DAR Corrie Hoyt Brown Chappell Scholarship Faculty Loan Fund History Club Home Economics Club GSCW Student Defense L. Morel Sylvester Mumford Alice W. Shinholser No. 1 Alice W. Shinholser No. 2 Anna Brown Small J o seph M,, Terrell Fannie Trammell Phi l o S, Bennett Grace Beatty Watson Gen. Davis Blackshear Thom a s E. Mitchell
TOTAL LOAN FUNDS
ENDOWMENT FUNDS A.A. Lowe Fund Trebor Foundation Sylvestor Mumford Memorial W riter1s Fund
TOTAL ENDOWMENT FUNDS
TOTAL LOAN AND ENDOWMENT FUNDS

Fund Balance Beginning Additions Of Year

Fund Balance

Deductions

End

Of Year

$

100,00

$

100.00

4 0 5 o 55 $

1. 41

406.96

1,249.80

25.00

1,274.80

h"J
OO CO oo

188.34

200.00

200.00

21,809.34

3,770.98

25,580.32

2, 121.38

37. 50

2,158.88

10,161. 31

104.00

10,265.31

267.15

267.15

232.90

232.90

536.50

536.50

1,727.00

37.00

1,764.00

3, 191.92

62.50

3,254.42

1,546.15

25.00 $ 36.00

1,535.15

1,402.61

25.00

1,427.61

1,896.81

37.50

1,934.31

10,847.64

301. 42

11,149.06

6,828.38

62.50

6,890.88

1,051.03

6.85

1,057.88

188.35

188.35

250.00

250.00

43,611.23

23.56 43,587.67

$ 66,202.16 $ 48,107.89 $ 59.56 $114,250.49

$

108.64 $ 4, 198.13

14.84

117,374.40 87,066.64

100.00

$117,597.88 $ 91,264.77

$183,800.04 $139,372.66

$ 150.00 $ 4,156.77 14.84
1,882.62 202,558.42 100.00
$2,032.62 $206,830.03
$2,092.18 $321,080.52

-=152-

GEORGIA STATE COLLEGE FOR WOMEN MILLEDGEVILLE, GEORGIA

STATEMENT OF CHANGES IN CASH BALANCES For Year En d e d June 30, ' 1949

Cash Balance J u l y 1, 1948

Receipts For Year

Disbursements

Cash

For Year

Balance

CURRENT FUNDS General Funds Restricted Auxiliary
TOTAL CURRENT,FUNDS
AGENCY FUNDS
TRUST FUNDS Loan Funds Endowments
TOTAL TRUST FUNDS
TOTAL

$ 52,937,59 - 5,483.85 1 2 8 , 1 2 4 11
$175,577 85
$ 1 0 , 5 1 0 12

$ 645,762.37 46,774.06
622,798.14 $1,316,334.57

$ 648,415.18 48,858.01
639,914.15 $1,337,187.34

$ 50,284.78 - 7,567.80 111,008.10
$153,725.08

$ 76,895.30 $ 76,218.47 $ 11,186.95

$ 16,737.63 1,897.88
$ 18,635.51
$204,723.48

$ 72,487.78 $ 5 7 , 1 2 3 '56 $ 3 2 , 1 0 1 . 8 5

134,464.77

116,032.62 20,330.03

$ 206,952.55 $ 173,156.18 $ 52,431.88 &

$1/599,182.42 $1,586,561.99 $217,343.91

BANK BALANCES

M i l l e d g e v i l l e Ban k i n g Company, Milledgeville, Ga. Educational & General Account Auxiliary Enterprises Account Hospitalization & Insurance Account Student Bank Account Student Activities Account T r u s t 1Funds

$ 42,716.98 111,008.10 1.955.84 917.26 8.313.85 52,431.88
$ 217,343.91

STATEMENT OF AGENCY FUNDS For Y e a r En d e d June 30, 1949

Hospitalization and Insurance Account
Student Bank Account Student Activities Account
TOTAL AGENCY FUNDS

Balance Beginning
Of Year
$ 1,433.42 673.34
8,403.36
$10,510.12

Receipts For Year

Disbursements For Year

Balance End
Of Year

$ 7,697.72 39,551.38 29,646.20
$76,895.30

$ 7,175.30 39,307.46 29,735.71
$76,218.47

$ 1,955.84 917.26
8,313.85
$11,186.95

-153-

GEORGIA STATE COLLEGE FOR WOMEN MILLEDGEVILLE, GEORGIA

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

Investment

Investment

Year

Beginning Additions Deductions

End

LAND

Acquired

Of Year

Of Year

CAMPUS

19% Acres - Main Campus 3 Acres Ennis-Mansion Mayfair Lot 2% Acres P e a body Boddie Lot - Peabody Rivers Lot - Peabody Gilbert Park Lot~Wilkinson &Montgomery Lot-Columbia & Green Humber Lot Sanford Hall Lot Government Park LotMontgomery & Wayne Barnes Lot Gilstrap House - Lot Montgomery Street Lot OFF CAMPUS

1939 1937 1940 1946 1946 1946 1947 1944 1937
1943 1944 1944 1948

$110,000.00 50,000.00 7 , 5 0 0 o00 6,000.00 700 00 1,800.00 1 0 , 0 0 0 00 4,500,,00 5,000,,00 3, 500.00 6,000.00

o o o o o o

4,500.00 2,000.00 2,000.00
$

3,000.00

$110,000.00 50,000.00 7,500.00 6,000.00 700.00 1,800.00 10,000.00 4,500.00 5,000.00 3,500.00 6,000.00 10,000.00 4,500.00 2,000.00 2,000.00 3,000.00

Lake Laurel Area Camp Ray
TOTAL LAND

1938 1941

7,500.00 7,500.00 $238,500.00 $

3,000.00

7,500.00 7,500.00 $241,500.00

BUILDINGS Arts Hall Atkinson Hall Beeson Hall Bell and Annex Chappell Hall Education Building Ennis Hall Health&Ph. Ed0 Building Home Management House Russell Library Mansion Annex The Mansion Mayfair Hall Miller Memorial Hall Nursery School Parkhurst Hall Parks Hall Parks Memorial Hospital Peabody High School Peabody Elementary School Porter Hall Aud0 Annex Russell Auditorium Sanford Hall Terrell Hall

1927 1897 1937 1925 1908 1927 1918 1939 1947 1928 1898 1891 1939 1943 1937 1949 1925, 1929 1927 1939 1939 1928 1939 1909

$ 92,650.00

200,000.00 $ 10,000.00

110,000.00

200,000.00

800.00

107,500.00

51,850.00

113,400.00

150,000.00

37,500.00

70,000.00

7,500.00

51,000.00

500.00

65,000.00

20,000.00

50,000.00

4,500.00

155,000.00

100,000.00

7,000.00

50,600.00

50,250.00

130,000.00

106,100,00 112,850.00 137,500.00

2,000.00 4,000.00

118,500.00

$ 92,650.00 210,000.00 110.000.00 200,800.00 107.500.00 51,850.00 113,400.00 150.000.00 37 500.00 77,500.00 51,500.00 65,000.00 20,000.00 50,000.00 4,500.00 155,000.00 107,000.00
50,250.00 130,000.00 108.100.00 116,850.00 137,500.00 118,500.00

o o
o \o

LO

-154-

GEORGIA STATE COLLEGE FOR WOMEN M I L L E 0 G E V IL L E , G E O R G I A

STATEMENT OF INVESTMENT IN PLANT For Year F nded June 30, 1949

Year Acquired

Investment Beginning Of Year

Investment

Additions Deductions

End

Of Year

B. BUILDINGS ( C o n t 'd) Terrell Annex A Terrell Annex B & C Log Hut Club House & Outhouses Lake Laurel Utility Building Gilstrap House
TOTAL BUILDINGS

1922 $ 50,000.00

1922

110,000.00 $ 15,500.00

124

3,500.00

1938 1945 1944

5,000.00 50,000.00
5,000.00
$2,352,700.00 $202,300.00

IMPROVEMENTS OTHER THAN BLDGS. Electric '*ater Coolers Campus Equipment Tennis Court Lighting Systems Landscaping Campus Bell System Campus Electrical System Heating System Water System Swimming Pool & Equipment
TOTAL IMPROVEMENTS

$ 3,500.00

$

3,500.00

2,750.00

10,000.00

1,500.00

30,000.00 16,000.00

200,000.00

15,000.00

4,000.00

25,000.00

$ 283,500.00 $ 27,750.00

EQUIPMENT Administrative Physical Plant Library Instruction Organized Research Extens ion Cafeteria Dining Halls Laundry Parkhurst. Hall Residence Halls Student Union Hospital Belated Activities
TOTAL EQUIPMENT

$ 18,203.63 $

199.00

106,507.55

1,242.00

211,407.77 12,151.69

221,036.68

6,995.30

1,669.44

894,06

827.25

11,844.34

840.62

121,584.15

1,285.29

39,225.00

176.03

2,000.00

169,464.42 14,372.79

22,188.40

717.02

9,893.97

5,024.14

$1,028,876.74 $ 40,873.80

TOTAL INVESTMENT IN PLANT

$3,903,576.74 $273,923.80

$ 50,000.00 125,500.00 3,500.00
5,000.00 50,000.00
5,000.00 $2,555,000.00

$

3,500.00

3,500.00

2,750.00

10,000.00

1,500.00

46,000.00

200,000.00

19,000.00

25,000.00

$ 311,250.00

$ 18,402.63 197,749.55 223,559.46 228,031.98 2,563.50 827.25 12,684.96 122,869.44 39,401.03 2,000.00 183,837.21 22,905.42 9,893.97 5,024.14
$1,069,750.54
$4,177,500.54

-155-

GEORGIA TEACHERS COLLEGE
FINANCIAL REPORT FOR THE YEAR ENDING
J U N E 30, 1949
Georgia Teachers College Statesboro, Georgia

GEORGIA TEACHERS COLLEGE STATESBORO, GEORGIA

BALANCE SHEET June 30, 1949

I . CURRENT FUNDS A. G E NERAL Cash in Bank Accounts Receivable TOTAL GENERAL FUNDS

B. A U X I L I A R Y Cash in Bank Accounts Receivable Stores (Inventories) TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

II. A G E N C Y FUNDS Cash on Hand and in Bank

TOTAL AGENCY FUNDS

III.

PHYSICAL PLANT Lands and Improvements Buildings Equipment

TOTAL PHYSICAL PLANT

TOTAL ASSETS

ASSETS

$ 20,194.83 31,641.35 $ 51,836.18

152,923.28 4,012.95
10,287.57

$167,223.80

$219,059.98

$ 7,172.28 $ 7,172.28

$ 41,346.00 645,200.00 261,178.87
$947,724.87
$1,173,957.13

-158-

GEORGIA TEACHERS COLLEGE STATESBORO, GEORGIA
BALANCE SHEET June 30, 1949

LIABILITIES

I . CURRENT FUNDS A. GE N E R A L Accounts Payable Unearned Income Purchase Orders Outstanding General Surplus TOTAL GENERAL FUNDS

$

228.35

12,940.45

1,414.60

37,252.78

S 51,836.18

B. A U X I L I A R Y . Accounts Payable Purchase Orders Outstanding Unearned Income Reserve for Inventories Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

$

220.80

5,064.00

14,852.50

10,287.57

136,798.93

$167,223.80

$ 219,059.98

II. A G E N C Y FUNDS Fund Balances
TOTAL AGENCY FUNDS
III. P H Y S I C A L PLA N T Invested in Plant
TOTAL PHYSICAL PLANT
TOTAL LIABILITIES AND SURPLUS

$ 7,172.28 $

7,172.28

$947,724.87 $ 947,724.87 $1,173,957.13

-159-

GEORGIA TEACHERS COLLEGE STATESBORO, GEORGIA

STATEMENT OF EDUCATIONAL AND GENERAL INCOME

For Year

ed June 30, 1949

STUDENT FEES Non-Residence Tuition Matriculation Health Service Summer Session Fees Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia County of Bullock
TOTAL GOVERNMENTAL
OTHER SOURCES Rents from Property M i s c e 1 laneous
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME
NON-INCOME Sale of Securities
TOTAL EDUCATIONAL AND GENERAL RECEIPTS

General Income
S 54,124,10 64,120,60 4,5 3 7 o89 26,671,45 4, 9 0 1 , 16
$ 1 54 ; 355, 20
$113, 000 ,00 15, 135 00
$128 j 135( 00
$ 2, 229, 00 1, 451, 25
$ 3 680, 25
$286, 170, 45
15 000 00
$301, 170c 45

-160-

GEORGIA TEACHERS COLLEGE STATESBORO, GEORGIA

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

Object Classification

Total

Salaries & Wages

Operating Supplies & Expense

Equipment

ADMINISTRATIVE & GENERAL

Dean

S 6,493.04 $ 6,152.90 $

251.54 $

Comptroller

6,865.69

5,530.56

252.70

General

19,268.16

3,524.30 15,449.33

President

9,163.96

9,147.46

16.50

Publicity

2,953.36

2,829.36

124.00

Registrar

4,268.26

4,201.86

66.40

TOTAL ADMIN. & GEN. $ 48,012.47 $ 31,386.44 $16,160.47 $

88.60 82.43 294.53
465.56

Land,Building & Other Improvements

STUDENT WELFARE

Health Service

$ 2,958.79 $

Placement Bureau

980.04

TOTAL STUDENT WELFARE $ 3,938.83 $

2,718.35 $ 950.04
3,668.39 $

240.44 30.00
270.44

PLANT OPERATIONS

$103,933.62 $ 17,071.15 $15,154.13 $ 2,008.34 $69,700.00

LIBRARY

I 15,524.49 $ 10,249.58 $ 1,162.93 $ 4,111.98

INSTRUCTION Art Biology Chemistry Commerce Education English Home Economics Industrial Arts Laboratory High School Elementary School Mathematics Modern Languages Music Physical Education Physics Social Science Speech Summer School
TOTAL INSTRUCTION

$ 3,884.14 $ 3,379.92 $ 504.22

4,616.63

3,500.00

14.60

7,768.94

4,099.92

444.02

10,460.16

9,035.73

709.30

13,856.05 13,808.13

47.92

10,530.47 10,355.11

175.36

10,009.24

6,235.92 1,646.61

9,223.11

7,527.97 1,603.14

14,486.71 12,901.88 1,099.83

12,916.43 12,602.70

313.73

4,166.02

4,032.39

2,799.96

2,799.96-

15,857.81 13,175.86 1,392.24

13,994.51 11,754.99 1,725.47

2,799.96

2,799.96

13,258.33 13,258.33

2,742.03

2,500.20

19.12

26,035.96 25,993.96

42.00

$179,406.46 $160,162.93 $9,737.56

702.03 3,225.00
715.13
2,126.71 92.00
485.00
133.63 1,289.71
514.05
222.71 $ 9,505.97

TOTAL EDUC. & GEN EXPEND. $350,815.87 $222,538,49 $42,485.53 $16,091.85

$69,700.00

-161 =

GEORGIA TEACHERS COLLEGE STATESBORO, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year En d e d June 30, 1949

INCOME

Bookstore Dormitories:
East Hall Lewis Hall Sanford Hall West Hall Cottages
Total Do rmitories Dining Hall Farm
TOTAL AUXILIARY INCOME

S 40,819,78
$ 8,551,00 6,441,50
20,556,20 8.235.00 5.308.00
--------------- $ 49,091,70 191,617,05 8,327,93
$289,856,46

EXPENDITURES

Total

Salaries and
Wages

Purchases for
Resale

Operating Supplies & Expense

Equipment

Bookstore Dormitories:
East Hall Lewis Hall Sanford H all West Hall Cottages

$ 35,944,25 $ 2,715,80 $32,709,94 $

518 51

7,433,13 7,567,43 8,737,04 8,310,53 2,748,19

3,939,23 3,969,82 4,614,39 3,761,47
691,65

2,840,17 $

653,73

2,888,46

709,15

3,046,82

1,075,83

2,441,49

2,107,57

1,822,94

233,60

Total Dormitories $ 34,796,32 $16,976,56

$ 13,039,88 $ 4 ,,779,88

Dining Hall Farm

$174,473,51 $25,636,81 9,913,98 3,947,50

$142,932,51 $ 5,904,19

4,465,68

1,500,80

TOTAL AUXILIARY ENTERPRISES$255,128,06 $49,276,67 $32,709,94 $160956,58 $ 12,184,87

-162

GEORGIA TEACHERS COLLEGE STAT ES BORO, G E O R G I A

STATEMENT OF CHANGES IN CASH BALANCES For Year E n d e d June 30, 1949

CURRENT FUNDS General Auxiliary
TOTAL CURRENT FUNDS
AGENCY FUNDS
TOTAL

Cash Balance July 1,1948

Receipts For Year

Disbursements Cash Balance For Year J u n e 30, 1949

$ 69,840o 25 118,194. 88
$ 1 8 8 , 0 3 5 13

$301,170 45 2 8 9 ,856 46
$ 5 9 1 , 026 91

6 , 3 6 2 17

6 9 , 807 29

$ 194,39730 $660,834 20

$350,815 87 255,128.06
$605,943 93

$ 20,194.83 152,923.28
$173,118.11

68,99718

7,172.28

$674,94111 $180,290.39

BANK BALANCES

Bulloch County Bank Sea Island Bank
Petty Cash

$ 10,055 35 169,735,04
$179,790.39 500.00
$180,290.39

STATEMENT OF AGENCY FUNDS For Year E nded June 30, 1949

Student Activities Student Bank Retirement Collections Withholding Tax Collections Group Insurance Collections
TOTAL AGENCY FUNDS

Balance Beginning
Of Year

Receipts For Year

Disbursements For Year

Balance End of
Month

$

2469 $ 14, 62048

3,632 41

28,19573

92800

7,253 69

1,657 07

18,483 51

120 00

1,25388

$ 14,632.65 $

12.52

27,456.83

4,371.31

7,235.85

945.84

18,459.31

1,681.27

1,212.54

161.34

$ 6, 36217 $ 69,807 29 $ 68,997.18 $ 7,172.28

-163 =

GEORGIA TEACHERS COLLEGE STATESBORO, GEORGIA

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

Year Acqui red

Investment Beginning
Of Year

Additions

Deductions

Investment End
Of Year

LAND Campus Off Campus
TOTAL LAND

1907 1907

BUILDING Administration L a b o r a t o r y H..S,. Elementary School New Science Hall Old Science Hall Library East Hall Lewis Hall Sanford Hall West Hall Anderson Hall Gymnasium Industrial Arts Health Cottage Store - P.O. Warehouse Farm Buil d i n g s (6) D e a n 's Cottage Sycamore Cottage Paige House Pecan Cottage The Oaks Veteran Apt. A Veteran Apt. B Farm House Yellow Cottage Watchman Cottage Cooks House Burden Shanty Johnson Shanty Johnson Farm House Johnson Farm Feeding
Barn Johnson Farm Log-Bann Johnson Farm Garage Farm House No. 1 Farm House No. 2 Garages Reel House Pump House

1907 1937 1932 1947 1936 1937 1907 1937 1937 1907 1920 1932 1948 1936 1936 1935 1934 1935 1938 1939 1935
1935 1947 1947 1934 1925 1938 1935 1935 1935 1944
1944 1944 1944 1935 1935 1936 1938 1938

$ 14,500 o00 $ 19,125.00
$ 33,625.00 $

7,721.00 7,72i;oo

$ 80,000.00 S

70,000.00

8,000.00

7,000.00

15,000.00

5,000.00

40,000.00

40,000.00

50,000.00

80,000.00

40,000.00

30,000.00

20,000.00 15,000.00

35,000.00

2,500.00

2,500.00

2,000.00

1,500.00

500.00

2,950.00

5,000.00

1,000.00

4,000.00

1,000.00

OJ o o o o o

4,000.00

1,000.00 1,000.00

3,500.00

5,000.00

5,000.00

4,000.00

500.00

4,000.00 3,000.00

500.00 500.00

500.00

500.00

300.00

750.00 300.00 300.00 500.00 300.00 300.00 200.00 200.00

100.00

o o o o o o m
o o o o o o <N
o o o o o co

$ 22,221.00 19.125.00
$ 41,346.00

$100,000.00 70,000.00 15,000.00 15,000.00 5,000.00 40,000.00 40,000.00
80,000.00 40,000.00 30,000.00 35,000.00 35,000.00
5,000.00 2,000.00 2,000.00 2,950.00 6,000.00 5,000.00 5,000.00 4,000.00 3,500.00 5,000.00 5,000.00 4,500.00 4,500.00 3,500.00
500.00 500.00 300.00 3,000.00
750.00 ,300.00 300.00 500.00 300.00 300.00 200.00 300.00

= 164

GEORGIA TEACHERS COLLEGE STATESBORO, GEORGIA

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

Investment

Year

Beginning

Acquire d Of Year

Additions

Deductions

Investment End
Of Year

B U I L D I N G S ( C o n t 'd) Swimming Pool Heating Plant Deep Well
TOTAL BUILDINGS

1930 1927 1938

$ 1,000.00 5,000.00
10,000.00 $585,600.00

$ 9,000.00 $ 59,600.00

$ 10,000.00 5,000.00
10,000.00 $645,200.00

C. E Q U I P M E N T Administrative Offices Physical Plant Library Instructional Department Dormitories Dining Hall Farm Store TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

$ 2,598.26 35,673.56 59,685.70 58,350.93 30,359.84 9,-347.95 9,268.50 2,451.50
$207,736.24

$ 2,465.56 $ 15.00

8,713.92

600.00

5,510.50

14,290.97

12,692.41

500.00

6,787.38

800.00

3,617.00

601.00

1,930.89

$ 56,008.63 $2,566.00

cn O O O

$ 5,048.82 43,787.48 65,196.20 72,591.90 42,552.25 15,335.33 12,284.50 4,382.39
$261,178.87

$826,961.24 $123,329.63 $2,566.00 $947,724.87

= 165

GEORGIA STATE WOMANS COLLEGE
FINANCIAL REPORT FOR THE YEAR ENDING
J U N E 30, 194?
Georgia State Womans College Valdosta, Georgia

GEORGIA STATE WOMANS COLLEGE y ALB OS TA, G E O R G I A

BALANCE SHEET june 30, 1949
ASSETS

I. C U R R E N T FUNDS A, G E N E R A L Cash in Bank TOTAL GENERAL FUNDS

B. A U X I L I A R Y Cash in Bank Stores (Inventories) TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

H o AGENCY FUNDS Cash on hand & in banks Notes Receivable Investments - US Securities

TOTAL AGENCY FUNDS

III.

ENDOWMENT FUNDS Cash in Bank Notes Receivable Investments - US Securities

TOTAL ENDOWMENT FUNDS

iy,, S T U D E N T L O A N FUNDS C a s h in Banks Notes Receivable Investments - US Securities

.TOTAL STUDENT LOAN FUNDS

Vo PHY S I C A L P L A N T Land & Improvements Buildings Equipment

TOTAL PHYSICAL PLANT

TOTAL ASSETS

$ 4,398.70 " $ 4,398.70
$10,527.61 1,841.39 $ 12,369.00
$ 16,767.70
$ 5,073.29 890.00
1,110.00
$ 7,073.29
$ 1,057.42 560.00
5,000.00
I 6,617.42
$ 4,076.50 4.191.50 1.017.50
$ 9,285.50
$200,000.00 551,598.00 183,974.34 1 $935,572.34
$975,316.25

-168-

GEORGIA STATE WOMANS COLLEGE VALDOSTA, GEORGIA
BALANCE SHEET June 30, 1949

LIABILITIES

I . CURRENT FUNDS A. GEN E R A L General Surplus TOTAL GENERAL FUNDS

$ 4,398.70 $ 4,398.70

B. A U X I L I A R Y Reserve for Stores Surplus TOTAL AUXILIARY

$ 1,841.39 10,527.61 $ 12,369.00

TOTAL CURRENT FUNDS

$ 16,767.70

II. A G E N C Y FUNDS Fund Balances

$ 7,073.29

TOTAL AGENCY FUNDS

$ 7,073.29

III. E N D O W M E N T FUNDS Fund Balances

$ 6,617.42

TOTAL ENDOWMENT FUNDS

$ 6,617.42

IV. ST U D E N T LOAN FUNDS Fund Balances TOTAL STUDENT LOAN FUNDS

$ 9,285.50 $ 9,285.50

V. PHY S I C A L P L A N T Investment in Plant
TOTAL PLANT FUNDS

$935,572.34 $935,572.34

TOTAL LIABILITIES & SURPLUS

$975,316.25

-169 =

GEORGIA. STATE WOMANS COLLEGE VALDOSTA, GEORGIA

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

STUDENT FEES Non-Resident Tuition Matriculation Health Service Other Student Fees Summer Session Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Music Building
TOTAL PUBLIC APPROPRIATIONS
OTHER SOURCES Cap and Gown Rentals Diplomas Miscellaneous
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL RECEIPTS

General Income
$ 1,100.00 35,175.15 3,885.60 3,827.75 3,718.00
$ 47,706.50

$131,250.00 37,000.00
$168,250.00

$

162.50

282.50

1,500.00

$ 1,945.00

$217,901.50:

170"

GEORGIA STATE WOMANS COLLEGE VALDOSTA, GEORGIA

STATEMENT OF EDUCATIONAL AND GENERAL EXPENDITURES

ADMINISTRATIVE & GENERAL Presidents Office Comptroller's Office Registrar's Office General Expense
TOTAL ADMIN. & GEN,

Total

Salaries & Wages

Object Classification

Op e ratin g

Land,Build=

Supplies Equipment ing & Other

& Expense

Improvements

$ 16,532,40 $ 16,021.67 $ 510.73

8,464,86

7,804.00

461.11 $

3,707,01

3,073.73

633.28

5,288,70

5,288.70

$ 33,992,97 $ 26,899.40 $ 6,893.82 $

199.75 199.75

STUDENT WELFARE Dean of Women Publicity & Placement Student Hospital Lectures
TOTAL STUDENT WELFARE

S 3,196,66 $
4,673.65 3,056.19
975.27 $ 11,901.77 $

3,029.78 $ 115.12 $

2,902.50 1,771.15

2,879.65

176.54

900.00

75.27

9,711.93 $ 2,138.08 $

51.76 51.76

PHYSICAL PLANT Regular Operations Outlay Music Building
TOTAL PHYSICAL PLANT

$ 24,079.45 $ 12,256.78 $10,369.78 $ 1,452.89

36,160.30

$36,160.30

$ 60,239.75 $ 12,256.78 $10,369.78 $ 1,452.89 $36,160.30

LIBRARY

$ 12,336.38 $ 8,376.60 $ 1,323.88 $ 2,635.90

INSTRUCTION Art Biology 'Chemistry Education English Health Home Economics Mathematics Modern Foreign Language Music Physical Education Secretarial Science Sociology & History Speech Summer School
TOTAL INSTRUCTION

$ 5,883.06 $ 5,612.10 $

93.71 $ 177.25

7,300.74

6,947.41

343.87

89.46

8,258.25

7,808.55

250.22

199.48

3,333.97

3,261.34

27.63

45.00

8,131.90

8,121.90

10.00

1,266.22

1,250.19

16.03

3,51*r50

3,275.23

239.27

4,606.00

4,596.00

10.00

4,518,00

4,518.00

10,754.28 10,320.30

422.08

11.90

16,263.83 15,310.80

407.23

545.80

3,424,80

2,846.45

71.65

506.70

11,555.63 11,539.13

16.50

3,990.90

3,990.90

3,163.00

3 ,, 163,00

$ 96,045.08 $ 92,561.30 $ 1,908.19 $ 1,575.59

TOTAL EDUC AND GEN* EXPEND, $214,515,95 $149,806.01 $22,633.75 $ 5,915.89 $36,160.30

= 171 =

GEORGIA STATE WOMANS COLLEGE VALDOSTA, GEORGIA
STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 30, 1949

DORMITORIES Ashley Hall Converse Hall Senior Hall
TOTAL DORMITORIES
DINING HALL
TOTAL AUXILIARY INCOME

INCOME

---------Total Income

S 8,657 o39 16,275,89 9,696.27

$ 34,629.55

$89,738.03 $ 89,738.03

$124,367.58

DORMITORIES Ashley Hall Converse Hall Senior Hall
TOTAL DORMITORIES
DINING HALL
TOTAL AUXILIARY EXPENDITURES

EXPENDITURES

Total

Salaries and
Wages

Operating Supplies & Expense

Equipment & Other Capital
Additions

$ 13,936.46 $ 4,855.93 26,200.55 9,129.16 15,608.83 5,438.64
$ 55,745.84 $19,423.73

$ 5,716.96 10,747.90 6,403.00
$22,867.86

$ 3,363.56 6,323.50 3,767.19
$13,454.25

$ 71,217.05 $20,847.80 $48,379.33 $ 1,989.92

$126,962.89 $40,271.53 $71,247.19 $15,444.17

172 =

GEORGIA STATE WOMANS COLLEGE VALDOSTA, GEORGIA

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

Cash Bai ance Receipts Disbursements

J u l y 1, 1948 For Year

For Year

Cash Bai ance

CURRENT FUNDS General Auxiliary
TOTAL CURRENT FUNDS

$ 1,013,15 13,122,92
$14,136,07

$217,901,50 $214,515,95 $ 4,398,70 124,367,58 126,962,89 10,527,61
$342,269,08 $341,478,84 $14,926,31

AGENCY FUNDS

$ 4,043,07 $ 58,059,57 $ 57,029,35 $ 5,073,29

TRUST FUNDS Endowment Loan Funds
TOTAL TRUST FUNDS

$ 770,54 $

286,88

$ 1,057,42

1,824,03

4,139,27 $ 1,886,80 4,076,50

$ 2,594,57 $ 4,426,15 $ 1,886,80 $ 5,133,92

TOTAL

$20,773,71 $404,754,80 $400,394,99 $25,133,52

BANK BALANCES

First National Bank Valdosta, Georgia Educational & General Account Auxiliary Enterprise Account Petty Cash Fund, GoS.W.C,
TOTAL

S 4 , 398o 70 10 227 61 3 0 0 ,, 00
$14,926,31

Citizens & Southern National Bank, Valdosta Student Bank, G.S.W.C. GoSoW,,Co Loan Funds Account Clause Davis Ingram Student Loan Fund, D o A,R0 War Bond Scholarship Fund, G,S,W,C,
TOTAL
Gash on hand - Student Bank, G,S,W,C,

$ 5,636,84 887,00
1,057,43 2,465,50
$10,046,77
160,44

TOTAL BANK BALANCES

$25,133,52

-173 =

GEORGIA STATE WOMANS COLLEGE VALDOSTA, GEORGIA

STATEMENT OF TRUST FUND BALANCES For Year En d e d June 30, 1949
BALANCE OF PRINCIPAL, BEGINNING OF YEAR
ADDITIONS: Income on Investments
T O T A L A D D I T I O N S jPLUS B E G I N N I N G B A L A N C E S DEDUCTIONS Object of Trust
TOTAL DEDUCTIONS BALANCE OF PRINCIPAL, END OF YEAR

Endowment Funds
$6,485.54

Loan Funds $ 9,271.03

$ 131.88 $ 235.27 $6,617.42 $ 9,506.30
$ 220.80 $ 220.80 $6,617.42 $ 9,285.50

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

ENDOWMENT FUNDS Claude Davis Ingram
Student Loan Fund, D.A.R.

Fund Balance Beginning Additions Of Year

Fund Balance

Deductions

End Of

Year

$ 6,485.54

$131.88

$ 6,617.42

LOAN FUNDS War Bond Scholarship Fund Sept. 14th Loan & Gift Fund G.S.W.C. Loan Funds
TOTAL LOAN FUNDS
TOTAL TRUST FUNDS

$ 3,286.20 3,984.83 2,000.00
$ 9,271.03
$15,756.57

$196.80 38.47
$235.27 $367.15

$ 3,483.00 $ 220.80 3,802.50
2,000.00 $ 220.80 $ 9,285.50
$ 220.80 $15,902.92

FUND
Student Activities Student Bank Teacher Retirement Withholding Tax Group Insurance
TOTAL AGENCY FUNDS

STATEMENT OF AGENCY FUNDS Fo r Year E nded June 30, 1949

Balance Beginning
Of Year
$ 1,861.11 3,291.96

Receipts For Year

Disbursements for
Year

Balance End
Of Year

$ 7,313.71 50,960.86 4,172.00 14,094.10 885.15

$ 6,177.51 50,176.84 4,172.00 14,094.10 885.15

$ 2,997.31 4,075.98

$ 5,153.07 $77,425.82 $75,505.60 $ 7,073.29

-174=

GEORGIA STATE WOMANS COLLEGE VALDOSTA, GEORGIA

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

Investment Beginning
Of Year

Additions

A. LAND Campus TOTAL LAND

$150,000,00 $150,000,00

B, B U I L D I N G S Library Administration - West Hall Gymnasium Kitchen Annex D o r m i t o r y .- Converse Hall Dormitory - Ashley Hall Dormitory - Senior Hall Swimming Pool & Bath House Student Activity House ~ Log Cabin Boiler House & Chimney Music Studio - 222 Georgia Avenue Garages & Stables
TOTAL BUILDINGS

$ 60,000,00 125,000,00 5,000,00 3,448,00 110,000,00 100,000,00 60,000,00 23,000,00 8,000.00 20,000,00
1,150,00
$515,598,00

$ 36,000.00 $ 36,000,00

o o o o o o

a IMPROVEMENTS - OTHER THAN BUILDINGS Streets & Sidewalks H e ating System-Tunnels, Pipes, etc. Camellia Trail Amphitheatre
TOTAL IMPROVEMENTS

$ 15,000,00
12,000,00 3,000.00
$ 50,000.00

D 0 EQUIPMENT Administrative Offices-West Hall Physical Plant Library Instructional Departments Student Activities Dormitories Dining Hall Kitchen Annex Heating Plant - in Boiler House
TOTAL EQUIPMENT

$ 6,025.10 3,878.41
58,347.07 36,617.73
3,739.85 18,879.59
1,741.06 13,193.91 20,000.00
$162,422.72

$ 751.72 657.60
2,478.05 2,355.35
31.95 13,305.20
,1,971.75
$21,551.62

TOTAL INVESTMENT IN PLANT

$878,020.72

$57,551.62

Investment End
Of Year
$150,000.00 $150,000.00
$ 60,000.00 125,000.00 5,000.00 3,448.00 110,000.00 100,000.00 60,000.00 23,000.00 8,000.00 20,000.00 36,000.00 1,150.00
$551,598.00
$ 15,000.00 20,000.00 12,000.00 3,000.00
$50,000.00
$ 6,776.82 4,536.01
60,825.22 38,973.08
3,771.80 32,184.79
1,741.06 15,165.66 20,000.00 $183,974.34 .
$935,572.34

-175 =

GEORGIA SOUTHWESTERN COLLEGE
FINANCIAL REPORT FOR THE YEAR ENDING
JU N E 30, 1949
Georgia Southwestern College Americus, Georgia

GEORGIA SOUTHWESTERN COLLEGE AMERICAS, GEORGIA

BALANCE SHEET June 30, 1949

ASSETS

I. CU R R E N T FUNDS A. GEN E R A L Cash in Bank Imprest Cash Accounts Receivable TOTAL GENERAL FUNDS

$ 110.72 300.00
2,025.47 S

2,436.19

B. A U X I L I A R Y Cash in Bank Accounts Receivable Stores (Inventory) TOTAL AUXILIARY FUNDS

$5,348.07 342.38
3,439.82 $

9,130.27

TOTAL CURRENT FUNDS

$ 11,566.46

II. A G E N C Y FUNDS Cash in Bank

$ 1,494.85

TOTAL AGENCY FUNDS

$ 1,494.85

III.

STUDENT LOAN FUNDS Cash in Bank Investments (Bonds)

$ 2,343.55 47,000.00

TOTAL STUDENT LOAN FUNDS

$ 49,343.55

IV. PHYS I C A L P L A N T Land and Improvements Buildings Equipment

$ 29,366.68 432,280.00 107,678.08

TOTAL PHYSICAL PLANT

$569,324.76

TOTAL ASSETS

$631,729.62

-178-

GEORGIA SOUTHWESTERN COLLEGE AMERICUS, GEORGIA
BALANCE SHEET June 30, 1949
LIABILITIES

I. CURRENT FUNDS A. G E NERAL Accounts Payable' Reserve for Purchase Orders Outstanding Surplus TOTAL GENERAL FUNDS
B, AUXIL I A R Y Accounts Payable Reserve for Purchase Orders Outstanding Reserve for Stores (Inventory) Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS
II. AGEN C Y FUNDS Fund Balance
TOTAL AGENCY FUNDS
III. STUDENT LOAN FUNDS Fund Balance
TOTAL STUDENT LOAN FUNDS
IV. P H YSICAL P L A N T Invested in Plant
TOTAL PHYSICAL PLANT
TOTAL LIABILITIES & SURPLUS

$ 878,69 76,25
1,481,25

2,436,19

$ 499,98 22,90
3,439,82 5,167,57
$

9,130,27

11,566,46

S 1,494,85

1,494,85

$ 49,343,55 $ 49,343,55

$569,324.76 $569,324.76 $631,729.62

-179-

GEORGIA SOUTHWESTERN COLLEGE AMER I CU S , G E O R G I A

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

STUDENT FEES Non-Resident Tuition Matriculation Health Service Summer Sessions Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Vocational Funds County Cumter County Ci ty City of Americus
TOTAL PUBLIC APPROPRIATIONS
OTHER SOURCES Rents from Property Miscellaneous
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL RECEIPTS

00 o o o o o o

General Income
$ 6,973,13 23,380,13 1,072,80 1,394,39 1,647,75
$ 34,468,20
$ 375,00'
5,613,72
2,008,57 $ 87,997,29
S 1,753,31 1,661,78
$ 3,415,09
$125,880,58

-180 =

GEORGIA SOUTHWESTERN COLLEGE AMERICUS, GEORGIA

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

Total

Object Classification

Salaries & Wages

Operating Supplies
& Expense

Equipment

Land,Building & Other
Improvements

ADMINISTRATIVE AND GENERAL Dean's Office Business Office General Administration President's Office Registrar's Office
TOTAL ADMIN. & GENERAL

$ 3,964.87 $ 3,319.97

7,953.17

7,120.95

11,655.59

4,000.00

9,817.01

8,645.60

3,676.54

3,486.04

$ 37,067.18 $26,572.56

$ 627.44 247.22
7,521.71 546.41 190.50
$ 9,133.28

$ 17.46 585.00 133.88 625.00
$1,361.34

STUDENT WELFARE

$ 2,994.52 $ 2,447.67 $ 546.85

PHYSICAL PLANT

$ 28,364.49 $ 13,518.20 $ 9,527.02 $2,579.10

$2,740.17

LIBRARY

$ 3,849.38 $ 2,983.60 $

97.81 $ 767.97

I INSTRUCTION
Business Education

$ 8,773.63 $ 7,940.20 $ 234.93 $ 598.50

Education and Laboratory Sch. 16,832.14

16,542.09

290.05

Home Economics

3,158.69

2,727.00

142.14

289.55

Languages

5,392.56

5,342.60

49.96

Natural Sciences

14,831.78 13,270.66

828.38

732.74

Physical Education

4,086.14

3,000.00

630.21

455.93

Social Sciences

5,333.11

5,302.20

30.91

Summer Sessions

2,475.00

2,415.00

60.00

TOTAL INSTRUCTION

$ 60,883.05 $ 56,539.75 $ 2,266.58 $2,076.72

TOTAL EDUC. & GEN. EXPEND

$133,158.62 $102,061.78 $ 21,571.54 $6,785.13

$2,740.17

1 1 *
-181 =

GEORGIA SOUTHWESTERN COLLEGE AMERICUS, GEORGIA
STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 30, 1949

INCOME

The Campus Store Dormitories:
Morgan Hall Sanford Hall Terrell Hall Wheatley Hall
Total Dormitories College Dining Hall Apartments
TOTAL AUXILIARY INCOME

$ 24,920.52

$ 376.25 6,240.45 7,047.57
2, 010.00

$ 15,674.27 57,010. 38 3,900.71

1101,505.88

EXPENDITURES

The Campus Store Dormitories:
Morgan Hall Sanford Hall Terrell Hall Wheatley Hall
Total Dorms.
College Dining Hall Apartments
TOTAL AUX. ENTERPRISE

Total

Salaries and
Wages

Purchases for
Resale

Operating Supplies & Expense

Equipment

Land,BuiIding & Other Improvements

$ 23,915. 46 $ 4.203 .07 $17,483.64 $ 1,209.42 $1,019.33

1,164. 45 6. 233..04 7,036..35 2,110 =21 $ 16,544. 05

396. 51 3,583. 71 3,802. 95
746. 21 $ 8,528 68

283.06

115.00 t

2,315.28

115.00

2,645.52

488.00

1,134.19

79.81

$ 6,378.05 $ 797.81 I

369.88 219.05 100.58 150.00 839.51

$ 63,301. 61 $18,004. 80

3,552 81

804 55

$38,838.39 $3,857.37 $ 2,601.05

2,723.26

25.00

$107,313; 93 $31,-541 10 $17,483.64 $49,149.12 $5,699.51 $ 3,440.56

- 182-

GEORGIA SOUTHWESTERN COLLEGE AMER IC U S , GEORGIA

STATEMENT OF CHANGES IN CASH BALANCES For Year En d e d June 30, 1949

Cash Balance Receipts Disbursements Cash Balance

July 1, 1948 For Year

For Year June 30, 1949

CURRENT FUNDS General Auxiliary
TOTAL CURRENT FUNDS

S 7,688.76 11,156.12
$18,844.88

$125,880.58 $133,158.62 101,505.88 107,313.93
$227,386.46 $240,472.55

$ 410 7? 5,348.07
$5,758.79

AGENCY FUNDS

$ 3,345.84 $ 14,099.93 $ 15,950.92 $1,494.85

STUDENT LOAN FUNDS

$ 79,278.31 $ 76,934.76 $2,343.55

TOTAL

$22,190.72 $320,764.70 $333,358.23 $9,597.19

BANK BALANCES

Bank of Commerce Citizens Bank of Americus Imprest Cash
STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1949

$ 7,691.62 1,605.57 300.00
$ 9,597.19

Room and Key Deposits Chemistry Breakage Registration Deposit Personal Deposits Gale Deposits FHA Apartments Student Activities Athletic Association Group Insurance
TOTAL AGENCY FUNDS

Balance Beginning
Of Year

Receipts For Year

Bai ance

Di sbursements

End

For Year Of Month

$ 1,781.35 35.00
329.55 6.50
716.39 310.35
166.70
$ 3,345.84

$

716.00 $ 1,826.35 $ 671.00

655.90

690.90

1,150.00

1,479.55

2,580.45

2,586.95

930.00

863.00

67.00

100.05

816.44

3,185.19

3,488.54

7.00

2,714.86

2,658.49

56. 37

2,067.48

1,540.70

693.48

$ 14,099.93 $ 15,950.92 $1,494.85

-183-

GEORGIA SOUTHWESTERN COLLEGE AMERICUS, GEORGIA

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

Balance of Principal, beginning of Year
Additions: Receipts:
1, Gifts & Grants from P r i v a t e Sources 2. Income on Investments
Total Additions
Deductions: 1. Expense of Trust
BALANCE OF PRINCIPAL, END OF YEAR

$50,000.00 197.44
$50,197.44
853.89 $49,343.55

STATEMENT OF TRUST FUND INVESTMENTS For Year Ended J u n e 30, 1949

Loan Funds - Governmental Bonds

Description

Yield

J e f f e r s o n County, Ga. School D i strict No. 8 Woodville, Georgia, Consolidated School District McIntyre, Georgia, School District City of Atlanta, Georgia Lula, Georgia, High School District Clayton County, Georgia U.S. T r e a s u r y Bonds, Series G.

6% 5 y2% 6% 2-1/8% 4% 5% 2%%

TOTAL GOVERNMENTAL BONDS

Book Value
$ 500.00 3,500.00 1,000.00 1,000.00 2,000.00 1,000.00
38,000.00
$47,000.00

-184-

LAND

GEORGIA SOUTHWESTERN COLLEGE A M E R I CITS , G E O R G I A

STATEMENT OF INVESTMENTS IN PLANT For Year En d e d June 30, 1949

Investment Year Beginning Acquired Of Year

Additions

Investment

Deductions

End

______ O f Ye a r $ 5,580.00

B. BUILDINGS

Administration Building

S 92,579.64

$

Science Building

1947 50,250.17

Gymnasium-Auditorium

65,263.03

Home Economics Building

7,100.25

President's Home

12,504.20

Barn (Storage Depot)

2,258.30 $ 41.70

Morgan Hall

33,066.73

Sanford Hall Terrell Hall Wheatley Hall

66,500.00 32,457.13 27,088.45

42.87 1,911.55

Campus Cottage Campus Duplex (Farm House) Negro House Fuel House Negro Bunk House Utility House

3,158.21 3,736.87
386.60 235.00 200.00 100.00

113.40 145.00

New Boy's Dorm. (Plans & Specifications)

Repair Shop

Apartment Building A )

Apartment Building B )

Sept. 1, 1948

Apartment Building C )

4,000.00

300.00 10,000,00 10,000.00 10,000.00

79.64 250.17 263.03 100.25
4.20
66.73
158.21 236.87

TOTAL BUILDINGS

$400,884.58 $32,554.52 $ 1,159.10

C. IMPROVEMENTS Streets, Sidewalks, & Landscaping Water & Lights Distribution System Sewage Disposal System Program & Fire Signal System Garbage & Waste Disposal System
TOTAL IMPROVEMENTS

$ 12,209.80 1,980.33 7,500.00

$ 141.20 618.67
1,086.68 250.00

$ 21,690.13 $ 2,096.55

D. EQUIPMENT Administrative Offices Student Welfare (Including Infirmary) Physical Plant Library Instruction Division Dormitories Food Service (Dining Hall) Campus Center (Campus Store) Apartments
TOTAL EQUIPMENT

$ 3,865.72 642.56
16,341.99 20,991.56 19,481.50 10,060.50 23,402.06
817.79

$ 1,321.32 442. 32
11,361.31 1,178.22
734.86 7,121.50

290.10 1,871.39 7,923.64

$ 95,603.68 $22,159.33 $10,085.13

$ 92,500.00 50,000.00 65,000.00 7,000.00 12,500.00 2,300.00 33,000.00 66,500.00 32,500.00 29,000.00 3,000.00 3,500.00 500.00 380.00 200.00 100.00 4^000.00 300.00 10,000.00 10,000.00 10,000.00
$432,280.00
$ 12,351.00 2,599.00 7,500.00 1,086.68 250.00
$ 23,786.68
$ 5,187.04 1,084.88
27,703.30 22,169.78 19,191.40
8,189.11 15,478.42
1,552.65 7,121.50 .
$107,678.08

TOTAL INVESTMENT IN PLANT

$523,758.39 $56,810.60 $11,244.23 $569,324.76

-185-

WEST GEORGIA COLLEGE
FINANCIAL REPORT FOR THE YEAR ENDING
JU N E 30, 1949
West Georgia College Carrollton, Georgia

WEST GEORGIA COLLEGE CARROLLTON, GEORGIA
BALANCE SHEET June 30, 1949

ASSETS

CURRENT FUNDS A,, GE N E R A L
Cash in Bank Accounts Receivable
TOTAL GENERAL FUNDS

Bo A U X I L I A R Y Cash in Bank Accounts Receivable Stores (Inventories) TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

H o AGENCY FUNDS Cash on Hand and in Bank

TOTAL AGENCY FUNDS

Ilio

PHYSICAL PLANT Land & Improvements Buildings Equipment

TOTAL PHYSICAL PLANT

TOTAL ASSETS

$ 9,119,51 2,241,84 $ 1 1 , 3 6 1.35

$45,249,91 4,759,35 3,092,78 "

$ 53,102,04

$ 64,463,39

$ 3,590,08 $ 3,590,08

$105,364,99 429,512,23 190,708,48
$725,585,70
$793,639,17

-188-

WEST GEORGIA COLLEGE CARROLLTON, GEORGIA

BALANCE SHEET June 30, 1949

LIABILITIES

I. CUR R E N T FUNDS A. GEN E R A L Accounts Payable Purchase Orders Outstanding Unearned Income General Surplus TOTAL GENERAL FUNDS

S 591.46 626.78
2, 548 75 7,594.36
' $ 11, 361c 35

B. A U X I L I A R Y Accounts Payable Contracts Negotiated Purchase Orders Outstanding Unearned Income Reserve for Stores (Inventories) Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

$ 681.75 5.200.00 28.50 2.856.00 3,092.78
41,243.01 $ 53,102.04

64,463.39

II* AGEN C Y FUNDS Fund Balance
TOTAL AGENCY FUNDS

$ 3,590.08 $ 3,590.08

III. PHY S I C A L P L A N T Invested in Plant
TOTAL PHYSICAL PLANT
TOTAL LIABILITIES AND SURPLUS

$725,585.70 $725,585.70 $793,639.17

- 189-

WEST GEORGIA COLLEGE CARROLLTON, GEORGIA

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

STUDENT FEES Non-Resident Tuition Matriculation Summer Session Fees Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Vocational Funds
TOTAL GOVERNMENTAL
OTHER SOURCES Rents from Property Miscellaneous
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME
NON-INCOME Transfer from Auxiliary Enterprises
TOTAL EDUCATIONAL & GENERAL RECEIPTS

Total Inc ome
$ 19,397.88 37,684.94 7,398.20 7,104.27
$ 71,585.29
$ 80,000.00 4,895.66
S 84,895.66
$ 1,651.80 90, 45
$ 1,742.25 1158,223 .20
$ 7,000.00 $165,223.20

-190-

WEST GEORGIA COLLEGE CARROLLTON, GEORGIA

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

AAUnIVi1UliTiM1TkQJT11RirAiT1T1VVILT nAlMiln/ nvijTLllMiCL'KllAAIL Administrative Dean Business Office General President's Office Registrar's Office
TOTAL ADMIN. & GENERAL

Gener al

Salaries & Wages

Object Classification

Operating

Land,Build

Supplies Equipment ings & Other

& Expense

Improvements

$ 2,758.12 $ 2,170.75 $ 551.62

7,082.28 6,388.46

480.94

8,582.72

562.55 6,212.58

9, 252.42 8,454.50

797.92

3,332.35 2,940.00

392.35

$ 31,007.89 $20,516.26 $ 8,435.41

$

35.75

212.88

1,807.59

$ 2,056.22

STUDENT WELFARE Dean of Women Veterans Guidance
TOTAL STUDENT WELFARE

$ 2,140.00 $ 2,140. OjO 1,412.77 1,412.77
$ 3,552.77 I 3,552.77

PHYSICAL PLANT

$ 40,412.71 $15,872.95 $15,733.21 $ 623.56 $8,182.99

LIBRARY

$ 8,306.31 $ 5,501.40 $ 2,804.91

INSTRUCTION

Commercial Education

$ 6,505.88 $ 5,741.50 $ 6,962.39 6, 326. 19

441.88 $ 636.20

Home Economics

3,307.34 2,844.96

167.23

Physical Education

6,216.90 4,917.62 1,233.10

Psychology

578.14

575.04

3. 10

Summer School

4,391.29 4,343.87

47.42

Teacher Training

7,357.44 6,013.79 1,295.40

Total H e a l t h & O t h e r Voc. $ 35,319.38 $30,762.97 $ 3,824.33 $

Language & Literature:

Art English French

1,638.25 7,848.18 1,500.75

1,449.96 6,786.00 1,500.00

188.29 906.77
.75

Humanities

4, 304.04 4,295.04

9.00

Music Spanish

1,642.80 1,500.00

1,488.62 1,500.00

154.18

Total Language & Lit Science & Mathematics:

$ 18,434.02 $17,019.62 $ 1,258.99 $

Biology

4,491.86 4,098.00

296.86

Chemistry

4,837.57 4,358.06

479.51

Mathematics

2,799.96 2,799.96

Physics Engineering & Drawing

1,894.17 1,015.13

1,449.96 1,000.00

245.67 15.14

Total Science & Math.

$ 15,038.69 $13,705.98 $ 1,037.17 $

322.50 295.15
66. 18
48.25 732.08
155.41
155.41 97. 00
198.54 295.54

-191-

WEST GEORGIA COLLEGE CARROLLTON, GEORGIA

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

INSTRUCTION ( C o n t 'd) Social Science: Economics History Political Science Sociology
Total Social Science
TOTAL INSTRUCTION
EXTENSION Vocational Education
TOTAL EXTENSION
TOTAL EDUCATIONAL & GENERAL EXPENDITURES

General

Salaries & Wages

Object Classification

Operating

Land,Build-

Supplies Equipment ing & Other

& Expense

Improvements

$ 1,002.93 $

999.96 $

1,662.60

1,500.00

1.850.04

1,850.04

1.850.04

1,850.04

S 6,365.61 $ 6,200.04 $

2.97 162.60
165.57

S 75.157.70 $ 67,688.61 $ 6,286.06 $1,183.03

$ 4,806.98 $ 3,730.00 $ 1,076.98 $ 4,806.98 $ 3,730.00 $ 1,076.98

1163.244.36 1116,861.99 $34,336.57 $3,862.81 $8,182.99

-192-

WEST GEORGIA COLLEGE CARROLLTON, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 3 0 s 1949

Bookstore Dormitories:
Adamson Hall Melson Hall Mandeville Hall Log Cabin Hamm Barracks Borders.Barracks Wright Barracks Rogers Hall Storms
Total Dormitories Dining Hall Farm Training Shops
TOTAL AUXILIARY INCOME

INCOME EXPENDITURES

$ 14,759.57
$ 5,309.88 5,309.88 4,374.43 1,536o 56 1,608.06 1,608.06 3,587.63 1,315.03 4,651.57 $ 29,301.10 99,653.60 10,063.41 . 6,273.78
$160,051.46

, Total

Salaries & Wages

Purchases Operating

For

Supplies

Resale & Expense

Land,Build= Equipment ing & Other
Improvements

Bookstore Dining Hall Dormitories:
Storms Dor$o Adamson Hall Borders Barracks Hamm Barracks Log Cabin Mandeville Hall Melson Hall Rogers Hall Wright Barracks
Total Dorms.
Farm Shops
TOTAL AUX. E X P E N DITURES
NON EXPENSE Transfer to Auxiliary
Enterprises
TOTAL AUX. DISE.

$ 13,073.54 $ 1,697.26 $11,301.28

$ 75.00

85,719.33 15,706.90

$ 5,561.54 1,418.60 * 3,712.72

5,122.54 5,466.51 1,660.40 1,660.40 1,597.44 4,616.31 5,466.51 1,353.48 3,745.66 $30,689.25

1,976.39 1,599.93
470.57 470.57 470.57 1,317.59 1,599.93 376.45 1,129.37 $ 9,411.37

1,361.73 2,422.05
764.97 764.97 702.01 2,109.11 2,422.05 637.14 1,596.63 $12,780.66

325.46 295.13
90.75 90.73 91.83 292.59 294.73 74.89 280.00 $1,836.11

1,458.96 1,149.40
334.11 334.13 333.03 897.02 1,149.80 265.00 739.66 $ 6,661.11

$ 9,735.66 $ 4,358.25 $ 528.19 $ 4,196.43 $ 652.79

768.95

768.95

$139,986.73 $31,173.78 $11,829.47 $82,627.25 $3,982 J50 $10,373.83

$ 7,000.00 $146,986.73

= 193 =

WEST GEORGIA COLLEGE CARROLLTON, GEORGIA

STATEMENT OF CHANGES IN CASH BALANCES F<or Ye ar Ended June 30, 1949

Balance Beginning
of Year

Rece ipt s For
Year

Disburse ments For
Year

Balance End
Of Year

CURRENT FUNDS General Auxiliary
TOTAL CURRENT FUNDS

$ 7,140.67 32,185.18
$39,325.85

$165,223.20 $163,244.36 $ 9,119.51 160,051,46 146,986.73 45,249.91
$325,274.66 $310,231. 09 $54,369.42

AGENCY FUNDS

$ 3,747.99 $ 47,532.81 $ 47,690.72 $ 3,590.08

TOTAL

$43,073.84 $372,807.47 $357,921.81 $57,959.50

BANK BALANCES Peoples Bank (Revenue ) Peoples Bank (Agency) Peoples Bank (Auxiliary) West Georgia National Bank (Operating) Cash on Hand

$ 2,548.75 1,084.20
45,268.35 6,832.52 2,225.68
$ 57,959.50

STATEMENT OF AGENCY FUNDS For Ye ar Ended June 30, 1949

Balance Beginning
Of Year

Receipts For Year

Disburse ments For
Year

Balance End
Of Year

Group Insurance Student Activities Student Bank Retirement Collections Withholding Tax Collections Athletic Association

$ 263.79 2,076.12 1,706.60
- 298.52

$ 1,459.46 6,804.60
23,350.91 2,924.96 8,544.87 4,448.01

$ 1,443.05 7,066.61
22,831.83 2,924.96 8,544.87 4,879.40

$ 280.20 1,814. 11 2,225.68
-729.91

TOTAL AGENCY FUNDS

$3,747.99 $47,532.81 $47,690.72 $3,590.08

194 =

WEST GEORGIA COLLEGE CARROLLTON, GEORGIA

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

Investment

Year

Beginning Additions

Acquire d Of Year

Investment Ded u c t i o n s 1End Of
Month

Land Campus Off Campus
TOTAL LAND

1907 1907

$ 4,000.00 23,500.00
$ 27,500.00

BUILDINGS - CAMPUS Adamson Hall Administration Bookstore Borders Barracks Dining Hall - Auditorium Engineering Drawing Gunn House Hamm Barracks Log Cabin Dormitory Library Machine Shop Maintenance Shop Mandeville Hall McGiboney (Rogers Hall) Melson Hall Plant S u p e r v i s o r 's Home P r e s i d e n t 's Home Recreation Center Rural Arts Storms Barracks
(Federal Housing Unit) Tenant House No. 1 Tenant House No- 5 Woodshop Wright Barracks Tenant House No. 6

1907 1907 1944 1944 1937 1946 1907 1944 1932
1944 1948 1935 1946 1907
1907 1947 1935 1945
1944 1946 1944 1944 1948

TOTAL BUILDINGS - CAMPUS

O

o

o

$ 58,000.00 4,466.00 5,000.00 70,000.00 6,000.00 5,000.00 5,000.00 3,000.00 45,000.00 10,000.00 1,200.00 32,000.00 2,000.00 40,000.00 1,200.00 6,000.00 4,500.00 44,993.00 3,500.00

o

o

o

$ 2,400.00 700.00
600.00 300.00
275.00 600.00 100.00
2,000.00 58.03
600.00 75.00
430.00
300.00

500.00 500.00

o

o

o

o

o

o

10,000.00 10,000.00

1,051.00

$407,859.00 $ 9,489.03

BUILDINGS - FARM Calf Barn Cow Barn Crib Dairy Barn Mule Barn & Sheds Adjoining Tenant House No. 3 Tenant House No. 4

1907 1946 1907 1944 1907 1943 1944

TOTAL FARM BUILDINGS

$

200.00

5,000.00

200.00

3,000.00

2,000.00

1,000.00 $

500.00

$ 11,900.00 $

264.20 264.20

$ 4,000.00 23,500.00
$ 27,500.00
$ 42,400.00 58,700.00 4,466.00 5,600.00 70,300.00 6,000.00 5,275.00 5,600.00 3,100.00 45,000.00 10,000.00 1,200.00 34,000.00 2,058.03 40,600.00 1,275.00 6,000.00 4,930.00 44,993.00 3,800.00
500.00 500.00 10,000.00 10,000.00 1,051.00
$417,348.03

$

200.00

5,000.00

200.00

3,000.00

2,000.00

1,264.20

500.00

$ 12,164.20

195 =

WEST GEORGIA COLLEGE CARROLLTON, GEORGIA

STATEMENT OF INVESTMENT IN PLANT For Year E nded June 30, 1949

Year Acquired

Investment Beginning
Of Year

Additions

Investment

Deductions

End Of

Month

IMPROVEMENTS OTHER THAN BUILDINGS

Streets & Walks

$ 3,390.00 2 5,000.00 $

Lighting System

8,700.00

Heating System

26,500.00

Water System

26,100.00

174.99

Athletic Fields & Tennis Courts

8,000.00

TOTAL IMPROVEMENTS

$ 72,690.00 21 5,174.99

$ 8,390.00 8,700.00
26,500.00 26,274.99
8,000.00
$ 77,864.99

EQUIPMENT Administrative Offices Physical Plant Library Instructional Departments Dormitories Dining Hall Bookstore F arm Shops
TOTAL EQUIPMENT

S 4,520.00 11,955.00 45,528.00 34,742.00 2l 2,700.00 35,088.00 14,202.76 3,712.72 4,110.00 9,419.00 27,631.00
$187,195.76 $ 6,412.72

$ 2,900.00 $ 2,900.00

$ 4,520.00 11,955.00 45,528.00 37,442.00 35,088.00 17,915.48 4,110.00 9,419.00 24,731.00
$190,708.48

TOTAL INVESTMENT IN PLANT

$707,144.76 $21,340.94 $ 2,900.00 $725,585.70

- 196-

MIDDLE GEORGIA COLLEGE
FINANCIAL REPORT FOR THE YEAR ENDING
June 30, 1949
Middle Georgia College Cochran, Georgia

MIDDLE GEORGIA COLLEGE COCHRAN, GEORGIA

BALANCE SHEET June 30, 1949
ASSETS

I . CURRENT FUNDS A. GE N E R A L Cash in Bank Accounts Receivable TOTAL GENERAL FUNDS

B. AUXI L I A R Y Cash in Bank Accounts Receivable Stores (Inventories) TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

II. A G E N C Y FUNDS Cash in Bank

TOTAL AGENCY FUNDS

III.

PHYSICAL PLANT Land and Improvements Buildings Equipment

TOTAL PHYSICAL PLANT FUNDS

TOTAL ASSETS

$5,376.79 606.14 $ 5,982.93

$2,765.47 1,074.53 7,613.50

$ 11,453.50

$ 17,436.43

$ JL, 297.75 $ 1,297.75

$ 43,850.00 566.550.00 250.797.00
$861,197.00
$879,931.18

-198-

MIDDLE GEORGIA COLLEGE COCHRAN, GEORGIA

BALANCE SHEET June 30, 1949

LIABILITIES

CURRENT FUNDS A. G E NERAL
Accounts Payable Work in Progress Unearned Income General Surplus
TOTAL GENERAL FUNDS

$1,003.50 3,564.43 1,245.00 170.00 $

5,982.93

B, AUXI L I A R Y Reserve for Stores Surplus TOTAL AUXILIARY FUNDS

$7,613.50 3,840.00 $ 11,453.50

TOTAL CURRENT FUNDS

$ 17,436.43

II. A G ENCY FUNDS Fund Balances

$ 1,297.75

TOTAL AGENCY FUNDS

$ 1,297.75

III. P H Y S I C A L P L ANT Invested in Plant

$861,197.00

TOTAL PLANT FUNDS

$861,197.00

TOTAL LIABILITIES

$879,931.18

-199-

MIDDLE GEORGIA COLLEGE COCHRAN, GEORGIA
STATEMENT OF EDUCATIONAL AND GENERAL INCOME For Year Ended June 30, 1949
STUDENT FEES Non-Resident Tuition Matriculation or Resident Fees Summer Session Fees Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
OTHER SOURCES Rents from Property
TOTAL EDUCATIONAL AND GENERAL INCOME

General Income
$ 14,724.00 22,317.75 6,577.83 531.95
$ 44,151.53
1 65,100.00
$ 2,164.00 $111,415.53

- 200-

MIDDLE GEORGIA COLLEGE COCHRAN, GEORGIA

I

STATEMENT OF EDUCATIONAL AND GENERAL EXPENDITURES

For Year Ended June 30, 1949

Total

Salaries
8 Wages

Object Classification

Operating

Supplies

Equipment

& Expense

Land,Build" ing & Other Improvements

ADMINISTRATIVE & GENERAL

Comptroller

I

General

President

Registrar

$ 5,921.95 S 5,915.00

3,297.78

441,40

11,924.55 11,697.50

5,845.00 5,720.00

$

6.95

2,856.38

27.05

$ 200.00 125.00

TOTAL A D M I N & GEN, $ 26,989.28 $23,773,90 $ 2,890.38 $ 325.00

PHYSICAL PLANT

$ 29,085.44 $10,848.85 $ 8,818.19 $1,321.39 $8,097.01

LIBRARY

$ 4,910.24 $ 3,661.50 $ 1,094.09 $ 154.65

f

INSTRUCTION English History Languages Music Sociology Commerce Physical Education Biology Chemistry Engineering Home Economics Mathematics Physics Summer School

$ 6,000.00 $ 6,000,00

310.00

310.00

2,700.00 2,700.00

3,154.95 2,800.00

2,700.00 2,700.00

7,100.00 6,000.00 $

5,734.85 5,700.00

3,309.19 3,200.00

6,647.37 6,300.00

3,000.00 3,000.00

2,739.25 2,700.00

5,900.00 5,900.00

3,000.00 3,000.00

5,400.00 5,400.00

$ 354.95

514.80 34.85
109.19 247.87

585.20 99. 50

19.22

CO
o
o
CM

TOTAL INSTRUCTION

$ 57,695.61 $55,710.00 $ 925.93 $1,059.68

TOTAL EDUCo & GEN. EXPEND $118,680.57 $93,994.25 $13,728.59 $2,860.72 $8,097.01

- 201-

MIDDLE GEORGIA COLLEGE COCHRAN, GEORGIA

P

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year nded June 30, 1949

INCOME

Bookstore Campus Store Dormitories:
Browning Hall Peacock Hall Wiggs Hall Ebenezer Hall Jackson Hall New Hall (Social Center) Veterans Apartments
Total Dormitories Dining Hall Farm
TOTAL AUXILIARY INCOME

$ 8,733.20 352.45

$6,624.00 3.919.00 3.562.00 1.524.00 845.00 2.018.00 2,976.00

$21,468.00 56,451.68 297.00

$87,302.33

EXPENDITURES

Total

Salaries and
Wages

Purchases Operating

for

Supplies

Resale & Expense

Land, BuildEquipment ing & Other
Improvements

Bookstore

$ 8,170.58

Dormitories?

Browning Hall

7,579.60

Peacock Hall

4,692.55

Wiggs Hall

3,827.76

Ebenezer Hall

1,662.39

Jackson Hall

1,122.53

New Hall (Social Cent . ) 2,115.25

Veteran Apartments

2,935.11

$ 4,425.75 2,940.90 2,075.90 988.17 688.05 1,079.60 1,124.05

$8,170.58 -

$ 2,780.41 1,544.90 1,132.65 413.14 269.48 696.76 1,520.11

$ 373.44 206.75 619.21 261.08 165.00 338.89 290.95

Total Dorms.

$ 23,935.19 $13,322.42

$ 8,357.45 $2,255.32

Dining Hall

64,572.62

Farm

1,150.37

Campus Store

107.40

New Dorm, (Architect fee) 3,589.40

18,996.78 537.50

42,280.97 612.87 107.40

3,294.87 $3,589.40

TOTTOTAL AUX. EXPENDITURES

$101,525.56 $32,856.70 $8,170.58 m$51,358.69 $5,550.19 $3,589.40

- 202-

MIDDLE GEORGIA COLLEGE COCHRAN, GEORGIA

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

Cash Balance J u l y 1, 1948

Receipts Disbursements

For Year

For Year

r
k
Cash Balance June 30, 1949

CURRENT FUNDS General Auxiliary
TOTAL CURRENT FUNDS

$12,641.83 16,988.70
$29,630.53

$111,415.53 $118,680.57 87,302.33 101,525.56
$ 198,717.86 $220 ?206. 13

$ "-5,376.79 2,765.47
$ 8,142.26

AGENCY FUNDS

$ 2,263.71

17,632.09 18,598.05

1,297.75

TOTAL

$31,894.24 $216,349.95 $238,804.18 $ 9,440.01

BANK BALANCES

State Bank of Cochran; Revenue Collections Educational and General Account E & G Automotive Shop Account Auxiliary Enterprises Account Agency Funds Account

$ 1,245.00 567.36
3,564.43 2,765.47 1,297.75
S 9.440.01

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1949

Balance Beginning
Of Year

Receipts For Year

Disbursements For Year

Bai ance End
Of Year

Alumni Association Annuals Student Bank Key Pool Student Activities Room Deposits Veterans Apartments Reservations Group Life Insurance Withholding Tax Retirement Fund

$

22.15

254.50 74.98 43.21

1,198.87 670.00

$ 1,678 00 1,730.15 52.50 7,946.38 1,413.00 682.00 2,645.00 1,485.06 8,406.40 3,330.00

$ 1,678.00 1,689.14 105.00 7,636.12 1,337.00 1,880.87 2,815.00 1,456.92 8,406.40 3,330.00

$ 22.15
295.51 22.48
353.47 76.00
500.00 28.14

TOTAL AGENCY FUNDS

$ 2,263.71 $29,368.49 $30,334.45

$1,297.75

-203"

MIDDLE GEORGIA COLLEGE COCHRAN, GEORGIA

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

Year Acquired

Investment Beginning,
Of Year

Investment

Additions

End

Of Year

LAND Campus Off Campus
TOTAL LAND
BUILDINGS Walker Building Sanford Library New Hall Dormitory Browning Dormitory Peacock Dormitory Wiggs Dormitory Ebenezer Dormitory Jackson Dormitory President's House Gymnasium Faculty Apartments Science Building Veterans Housing Auto Mechanics Building Stadium Field House Misc. Campus Buildings
TOTAL BUILDINGS
IMPROVEMENTS Heating System Water System Lighting System
TOTAL IMPROVEMENTS
EQUIPMENT Administrative Offices Physical Plant Library Instructional Dormitories Dining Hall Campus Store
TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

1887 1917

$ 13,200=00 5,200.00
$ 18,400=00

$ 13,200.00 5,200.00
$ 18,400.00

1928

$160,000..00

1938 \ 48,000=00

1939

38,000=00

1936

1944

40,500=00

1922

37,500=00

1890

10,000=00

1928

3,500=00

1928

6,500=00

1928

7,500=00

1948

36,000=00

1948

35,000=00

1947

55,000=00

1949

1948

1,250=00

1928

12,800.00

$551,550=00

o o
o o o
o
VO

$15,000=00

$160,000.00 48,000.00 38,000.00 60,000.00 40,500.00 37,500.00 10,000.00 3,500.00 6,500.00 7,500.00 36,000.00 35,000.00 55,000.00 15,000.00 1,250.00 12,800.00

$15,000=00 $566,550.00

$ 9,200=00 9,500=00 6,750.00
$ 25,450=00

$ 9,200.00 9,500.00 6,750.00
$ 25,450.00

$ 11,902=00 66,262=00 22,925=00 56,383= 24 45,754=00 25,247= 00
$228,473=24

$ 325=00 $ 12,227=00

2,728=00 68,990.00

905=00 23,830.00

1,556=75 57,940.00

3,256=00 49,010.00

9,848=00 35,095=00

3,705=00

3,705=00

$22,323=76 $250,797=00

$823,873= 24 $37,323=76 $861,197.00

-204=

SOUTH GEORGIA COLLEGE
FINANCIAL REPORT FOR THE YEAR ENDING
June 30, 1949
South Georgia College Douglas, Georgia

SOUTH GEORGIA COLLEGE DOUGLAS, GEORGIA
BALANCE SHEET June 30 1949

ASSETS
I. CURRENT FUNDS Ao GE N E R A L Cash on hand and in Ba n k Accounts Receivable TOTAL GENERAL FUNDS
B 0 RESTRICTED Cash in Bank Due from General Funds TOTAL RESTRICTED FUNDS

Co A U X I L I A R Y Cash on Hand and in Bank Accounts Receivable St ores (Inventory)
TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

IIo A G E N C Y FUNDS Cash on Ha n d and in Bank

TOTAL AGENCY FUNDS

IIIo

PHYSICAL PLANT Land and Improvements Buildings Equipment

TOTAL PHYSICAL PLANT

TOTAL ASSETS

$ 4 , 489 54 1.663.95 $ 6,153.49
S 3,071. 27 1 0 2 0 o 16 $ 4,091.43
$17,118. 24 3.830.95 4,442.81 I 25,392.00 $ 35,636.92
$ 2,300.58 $ 2,300. 58
$158,400.00 265,900.00 97,507.00 $521,807.00 $559,744.50

206

SOUTH GEORGIA COLLEGE DOUGLAS, GEORGIA

BALANCE SHEET June 30, 1949

LIABILITIES

I. C U R R E N T FUNDS A. GE N E R A L Accounts Payable Purchase Orders Outstanding Due to Restri c t e d Funds Unearned Income Surplus TOTAL CURRENT FUNDS

$ 2,147.39 32.05
1,020.16 654.56
2,299.33

$ 6,153.49

B. R E S T R I C T E D Fund Balances TOTAL RESTRICTED FUNDS

S 4,091.43 $ 4,091.43

C. A U X I L I A R Y Accounts Payable Rehabilitation of Dining Hall Unearned Income Reserve for Stores (Inventory) Surplus TOTAL AUXILIARY FUNDS

$ 726.10 5,682.99 1,396.40 4,442.81
13,143.70 $25,392.00

TOTAL CURRENT FUNDS

$ 35,636.92

II. AGENCY FUNDS Fund Balances
TOTAL AGENCY FUNDS

S 2,300.58 $ 2,300.58

III. PHYS I C A L P L A N T Invested in Plant

$521,807.00

TOTAL LIABILITIES & SURPLUS

$559,744.50

- 207-

SOUTH G E O R G I A COLLEGE) DOUGLAS, GEORGIA

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

STUDENT FEES Non-Resident Tuition Matriculation Health Service Summer Session Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Heating Plant
TOTAL PUBLIC APPROPRIATIONS
TOTAL INCOME EDUCATIONAL & GENERAL
NON-INCOME Transfer from General
TOTAL EDUCATIONAL & GENERAL RECEIPTS

General Income

Restricted Income

Total Income

$ 19,066.56 37,248.53 4,756.73 6,825.15 2,227.63
$ 69,124.60

$ 19,066.56 37,248.53 3,756.73 6,825.15 2,227.63
$ 69,124.60

$ 75,300.00 $ 75,300.00

$29,000.00 $29,000.00

$ 75,300.00 29,000.00
$104,300.00

$144,424.60 $29,000.00 $173,424.60

$ 780.65 $

780.65

$144,424.60 $29,780.65 $174,205.25

-208-

SOUTH GEORGIA COLLEGE DOUGLAS, GEORGIA

"602 "

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

ADMINISTRATIVE AND GENERAL Academic Dean C o m p t r o l l e r 's Office General Expense P r e s i d e n t 's Office Registrar's Office
TOTAL ADMIN, & GENERAL
STUDENT WELFARE Dean of Students Student Hospital
TOTAL STUDENT WELFARE
PHYSICAL PLANT Plant Operations Rehabilitation Heating Plant
TOTAL PHYSICAL PLANT
LIBRARY
INSTRUCTION Biology Chemistry Commerce Education English Fine Arts Foreign Language Home Economics Mathematics

General

Restricted

Salaries & Wages

Object Classification

Operating

Land, Build~

Supplies

Equipment ings & Other

& Expense

Improvements

$ 1,780,69 6,924,30 6,411.37 9.070.07 3.624.08
$27,810,51

$ 1,750.00 $ 30.69

6,750.00

113.16

15.00 6,283.87

8,600.07

445.76

3,500.04

103.66

$20,615.11 $6,977.14.

$ 61.14 $ 112.50
24.24 20.38 $ 105.76 $ 112.50

$ 3,799,78 875,23
$ 4,675,01

$ 3,400.06 $ 809.95
$ 4,210.01 $

342.11 65.28
407.39

$ 57.61 $ 57.61

$22,309.74
$22,309,74 $ 4,481,36

$15,286.17 $6,222.21 $ 3,005.70
51,186.75 $54,192.45 $15,286.17 $6,222.21
$ 2,900.92 $ 902.59

$ 801.36
$ 801.36 $ 677. 85

$ 3,005.70 51,186.75
$54,192.45

$ 5,526,95 7,883,49 8,964,83 3,346.01 8,349,23 2,927.88 5,565.21 2,914.11 6,204,70

$ 5,049.96 $ 476.99

6,243.37 1,576.22

8,444.25

512.33

3.300.00

46.01

8.300.00

49. 23

2.600.00

186.92

5,500.01

15.70

2,229.50

183.42

6,200.00

4.70

$ 63.90 8.25
140.96 49.50
501.19

SOUTH G E 0 RGI A COLLEG E DOUGLAS, GEORGIA

STATEMENT OF EDUCATIONAL AND GENERAL EXPENDITURES For Year En d e d June 30*, 1949

INSTRUCTION ( C o n t 'd) Physical Education Physics Social Science Summer School
TOTAL INSTRUCTION
T O T A L EDUC. ;& G E N EXPEN D I T U R E S

General

Restrie ted

Salaries & Wages

Object Classification

Operating

Supplies

Equipment

& Expense

Land, Build ings & Other Improvements

o
00
o
CO

$ 5,930.73 3,416.49
11,362.83 6,731.60
$ 79,124.06

$ 5,799.93

3,300.00

28.89

87. 60

11,299.90

'62.93

6,731.60 $ 74,998.52 $ 3,224.14 $ 901.40

$138,400.68 $54,192.45 $118,010.73 $17,733.47 $2,543.98 $54,304.95

OIS " cn o o o

NON-EXPENSE

"

Transfer to R estricted

$

780.65

TOTAL EDUC. & GEN, DISBURSEMENTS

$139,181.33 $54,192.45

SOUTH GEORGIA COLLEGE DOUGLAS, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year E nded June 30, 1949

Bookstore Co op Dormitories:
Davis Fraser Powell Proctor Tanner
Total Dormitories Dining Hall Farm
TOTAL AUXILIARY INCOME

INCOME

$ 12,298.93 6,876.89
$3,532.39 3,396.48 5,369.92 3,251.05 1,588.51 $ 17,138.35 79,062.50 383.09
$115,759.76

NON-INCOME Unremitted Insurance Premium

_______ 13* 77

TOTAL AUXILIARY RECEIPTS

$115,773.53

| EXPENDITURES

Total

Salaries & Wages

Purchases For
Resale

Operating

Land,Build-

Supplies Equipment ings & Other

& Expense

Improvements

Bookstore Co-op Dormitories:
Davis Hall Fraser Powell Proctor T anner Dining Hall Farm

$ 12,590.93 7,028.80 $

$12,590.93 686.50 6,269.75 $

28.80 $ 43.75

3,384.74 3,248.52 3,055.08 2,420.10 1,039.32 73,734.40 1,053.61

2,004.47 2,133.11 1,013.29
859.29 636.32 10,617.98

207.99

1,380.27 1,115.41 1,300.08 1,360.81
403.00 62,623.54
845.62

741.71 200.00
492.88

TOTAL OPERATIONS!107,555.50 $17,950.96 $19,068.67 $69,057.53 $1,478.34

Rehabilitation of Dormitories
Rehabilitation of Dining Hall

7,773.81 3,508.43

$ 7,773.81 3,508.43

TOTAL EXPEND.

$118,837.74 $17,950.96 $19,068.67 $69,057.53 $1,478.34 $11,282.24

- 211-

SOUTH GEORGIA COLLEGE DOUGLAS, GEORGIA

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

Balance Beginning
Of Year

Receipts For Ye ar

Expenditures For Ye ar

Transfer

Balance End
Of Year

Central Heating

$25,258,02 $29,000.00

Rehabilitation of Plant

2,225.05

$51,186.75

$2,071.27

3,005.70 $ 780.65

TOTAL RESTRICTED FUNDS

$27,483.07 $29,000.00

$54,192.45 $ 780.65 $3,071.27

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1949

ATHLETICS Baseball Basketball Basketball Tournament Boxing Football Swimming Pool Student Fees
TOTAL ATHLETICS
STUDENT ACTIVITIES Annual Awards Camera Club Concert Series Student Council South Georgian Student Fees
101AL STUDENT ACTIVITIES
ROOM DEPOSITS
TOTAL AGENCY FUNDS

Balance Beginning
Of Year

Receipts For Year

Di sbursements for
Year

Balance End
Of Year

$518.66 $518.66

$

50.50

265.91

1,806.63

7,438.44

5,514.59 $15,076.07

$ 1,53,8.52 1,751.52 1,587.16 28.88 8,617.21 29.50

969.36 -1,485.61
219.47 28.88
-2,178.77 29.50
5,514.59

$14,552.79 $ 1,041.94

$518.66

$ 612.92
4.00 408.50 1,636.02 314.05 2,716.14 $ 5,691.63

$ 465.29 58.95
266.75 1,394.75 2,148.32 1,343.28

$ 147.63 58.95
- 262.75 - 986.25 - 512.30 -1,029.23 2,716.14

$ 5,677.34 $

14.29

$ 810.00

$ 810.00

$21,577.70 $20,230.13 $ 1,866.23

- 212-

SOUTH GEORGIA COLLEGE DOUGLAS, GEORGIA
STATEMENT OF CHANGES IN CASH BALANCES

CURRENT FUNDS General Restricted Auxiliary
TOTAL CURRENT FUNDS
AGENCY FUNDS Athletics Student Activities Room Deposits Airport Student Deposits
TOTAL AGENCY FUNDS
TOTAL

Balance Beginning
Of Year

Receipts For Year

Disbursements For Year

Bai ance End
Of Year

$ - 753.73 27,483.07 20,182.45
$46,911.79

$144,424.60 $139,181.33 $ 4,489.54 29,780.65 54,192.45 3,071.27
115,773.53 118,836.74 17,118.24
$289,978.78 $312,211.52 $24,679.05

$ 518.66
1, 101. 17 623.45
$ 2,243.28

$ 15,076.07 5,691.63 810.00 8,323.72
$ 29,901.42

$ 14,552.79 5,677.34
9,276.28 337.71
$ 29,844.12

$ 1,041.94 14.29
810.00 148.61 285.74 $ 2,300.58

$49,155.07 $319,880.20 $342,055.64 $26,979.63

BANK BALANCES
Coffee County Bank Farmers Bank C o m p t r o l l e r 's Office

$ 7,709.42 18,984.47 285.74
$ 26,979.63

-213-

SOUTH GEORGIA COLLEGE DOUGLAS, GEORGIA

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

A,, LAND Campus Off Campus TOTAL LAND

Year Investment Ac quired B e g i n n i n g
Of Year

Additions

Investment Deductions End Of
Year

1907

S 16,000 .00 37,500 .00
$ 53,500,00

$ 16,000.00 37.500.00
$ 53,500.00

B. B U ILDINGS Peterson Hall Auditorium Davis Hall Fraser Hall Powell Hall Proctor Hall Tanner Hall Dining Hall Shop Gymnasium Miscellaneous Library Building Science Building
' TOTAL BUILDINGS

1907 1936 1907 1929 1907 1929 1929 1927 1933 1936
1939 1946

$ 32,000,00 13,500,00 35,000,00 14,000.00 35,000.00 14,000,00 12,000.00 20,000.00 1,500.00 18,000.00 11,000.00 35,000.00 18,000.00
$259,000.00

$ 6,900.00 $ 6,900.00

$ 32,000.00 13,500.00 35,000.00 14,000.00 35,000.00 14,000.00 12,000.00 20,000.00 1,500.00 18,000.00 17,900.00 35,000.00
$265,900.00

C. IMPROVEMENTS OTHER T H A N BU I L D I N G S

Streets & Sidewalks

$ 2,000,00

Lighting System

1,600.00

Heating System

40,621.27 $56,878.73

Marble Memorial Fountain

1,000.00

Swimming Pool

2,800.00

TOTAL IMPROVEMENTS

$ 48,021.27 $56,878.73

$ 2,000.00 1,600.00
97,500.00 1,000.00 2,800.00
$104,900.00

D. EQUI P M E N T Administrative Offices Plant Operations Library Ins true t ion Dormitories Dining Hall Gymnas ium Farm Co -op
TOTAL EQUIPMENT

$ 3,553.59 8,643.25
18,309.43 36,460,16 11,085.55
6,345.41 805.00 477.00
2,115.77
$ 88,695.16

$ 266.40 806.57 687.32
2,035.78 933.77
3,376.13 3,714.20
700.00 43, 75
$12,563.92

$ 144.12 1,782.30 35. 32 1,474.76 315.58
$3,752.08

$ 3,675.87 7,667.52
18,961.43 38,495.94 11,444.56
9,405.96 4,519.20 1,177.00 2,159.52
$ 97,507.00

GRAND TOTAL

$449,216.43 $76,342.65 $3,752.08 $521,807.00

o o o o o
CO r-H

=214 =

ABRAHAM BALDWIN AGRICULTURAL COLLEGE
FINANCIAL REPORT FOR THE YEAR ENDING
June 30, 1949
Abraham Baldwin Agricultural College Tifton, Georgia

ABRAHAM BALDWIN AGRICULTURAL COLLEGE TIFTON, GEORGIA

BALANCE SHEET June 30, 1949
ASSETS

CURRENT FUNDS A. GE N E R A L
Cash in Bank Accounts Receivable
TOTAL GENERAL FUNDS

Bo A U X I L I A R Y Cash in Bank Imprest Cash Accounts Receivable Stores (Inventories) TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

II. A G ENCY FUNDS Cash in Bank

TOTAL AGENCY FUNDS

III.

LOAN FUNDS Cash in Bank Notes Receivable

TOTAL LOAN FUNDS

IV, P H Y S I C A L P L A N T Land and Improvements Buildings Equipment

TOTAL PHYSICAL PLANT

TOTAL ASSETS

$ 5,626o 25 320,44 $ 5,946,69

$ 14,450,53 630,00 278,75
5,579,30 $ 20,938,58
S 26,885,27

$

20,70

20,70

$ 1,336,00 464,00
$ 1,800,00

$106,076,51 490,685,00 200,896,22
. 797,657,73
$826,363,70

-216-

ABRAHAM BALDWIN AGRICULTURAL COLLEGE TIETON, GEORGIA

BALANCE SHEET June 30, 1949

LIABILITIES

I. C U R R E N T FUNDS A. GEN E R A L Purchase Orders O/S Work in progress Unearned Income General Surplus TOTAL GENERAL FUNDS
B. A U X I L I A R Y Purchase Orders O/S Work in progress Unearned Income Reserve for Stores Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS
II. A G E N C Y FUNDS Fund Balance
TOTAL AGENCY FUNDS
III. LOA N FUNDS Fund Balances
TOTAL LOAN FUNDS
IV. P H Y S I C A L P L A N T Invested in Plant
TOTAL PHYSICAL PLANT
TOTAL LIABILITIES

$ 56.62 3,279.59 1,913.06 697.42 $

5,946.69

$ 420.64 3,025.00 6,456.40 5,579.30 5,457.24 $ 20,938.58
S 26,885.27

$

20.70

$

20.70

$ 1,800.00 $ 1,800.00

$797,657.73 $797,657.73 $826,363.70

217-

ABRAHAM BALDWIN AGRICULTURAL COLLEGE TIFTON, GEORGIA

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

Source
STUDENT FEES Non-resident tuition Matriculation Summer School Other Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Water Tank Other Capital Additions Vocational Funds Heating Plant
TOTAL PUBLIC APPROPRIATIONS
SALES AND SERVICES Farm Poultry Processing Plant
TOTAL SALES AND SERVICES
OTHER SOURCES Heating Plant - Sale of Equipment Rents from Property Miscellaneous Insurance - Chem. Lab. Fire
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME
NON-INCOME RECEIPTS Transfer from General
TOTAL EDUCATIONAL AND GENERAL RECEIPTS

General Income

Restricted Income

Total Income

S 16,688.80 27,820.14 8,404.37 78. 00
$ 52,991.31

$ 16,688.80 27,820.14 8,404.37 78.00
$ 52,991.31

1 75,000.00 4,000.00 4,000.00
$ 83,000.00

$ 75,000.00 4,000.00 4,000.00
$17,332.94 17,332.94 26,000.00 26,000.00
$43,332.94 $126,332.94

$ 6,862.01 3,748.10
12,995.95
$ 23,606.06

$ 6,862.01 3,748.10
12,995.95
$ 23,606.06

$

$

958.50

1,453.79

8,011.30

$ 10,423.59 $

124.00 $

124.00 958.50 1,453.79 8,011.30

124.00 $ 10,547.59

$170,020.96 $43,456.94 $213,477.90

$ 4,600.00 $ 4,600.00 $170,020.96 $48,056.94 $218,077.90

-218 =

ABRAHAM BALDWIN AGRICULTURAL COLLEGE T IE T O N , GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 30, 1949

Source
BOOKSTORES Spence Field Abac
TOTAL BOOKSTORES
DINING HALLS Spence Field Abac
TOTAL DINING HALLS
DORMITORIES Lewis Hall Herring Hall Weltner Hall Lakeside Northside
TOTAL DORMITORIES
VETERANS APARTMENTS
OTHER Interest on Investments Board of Regents
TOTAL OTHER SOURCES
TOTAL AUXILIARY INCOME
NON-INCOME RECEIPTS Sale of Investment Transfer from Restricted Funds
TOTAL AUXILIARY RECEIPTS

INCOME

General Income

$

302.08

21,879.11

$ 22,181.19

$ 2,045.75 90,959.30
$ 93,005.05

$ 6,451.03 5,540.40 6,384.95 840.00 912.00
$
$ 4,719.28

$

187.50

6,000.00

$ 6, 187.50

$146,221.40

10,000.00 1,456.25
$157,677.65

00
CO
00
CM r-H
O CM

-219-

ABRAHAM BALDWIN AGRICULTURAL COLLEGE TIFTON, GEORGI A

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

ADMINISTRAT!VE AND GENERAL Dean Business Office General President Registrar
TOTAL A D M I N ,, & GEN

Fund Classi fication

General

Restricted Salaries & Wages

Object Classification

Operating

Supplies

Equipment

& Expense

Other C ap i t a 1 Additions

$ 3,567 50 7 , 724 99 3,713 53 6 , 8 0 0 00 1 , 2 0 0 00
$ 23,006.02

$ 3,567. 50 7,724.99 230.87 S 3,419.95 $ 6,800.00 1,200.00
$ 19,523.36 $ 3,419.95 $

62.71 62.71

STUDENT WELFARE

Dean of Men

0

to

Dean of Women

to

O

Health Service

o
TOTAL STUDENT WELFARE

PHYSICAL PLANT

LIBRARY

s

300.00

1,900,00

1,646.16

$ 3,846.16

$ 34,556.53

$ 5,744.12

$

300.00

1,900.00

1,347.11

$ 3,547.11 $

299.05 299.05

$ 10,255.72 $15,647.41 $ 688.04

s 4,603.70 $ 529.64 $ 610.78

$ 7,965.36

INSTRUCTION Agriculture
Teaching Short Courses Arts Home Economics Physical Education Science Summer School
TOTAL INSTRUCTION
VOCATIONAL EDUCATION

$ 18,485.86 4,179.25
10,886.72 6,802.65 3,981.35
16,323.93 7,312.66
$ 67,972.42.

$ 17,949.80 $ 536.06

2,818.13 1,361.12

10,531.63

286.82

5,796.70

991.83

2,254.25

1,727.10

10,580.70

978.08

7,312.66

$57,243.87 $ 5,881.01

$ 68.27 14.12
4,765.15
$4,847.54

$17,332.94 $12,683.13 $ 4,649.81

ABRAHAM BALDWIN AGRICULTURAL COLLEGE T IFTON, GEORGIA

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

Fund Classification

General

Restricted

Salaries & Wages

Object Classification Operating Supplies Equipment & Expense

Other Ca p i t al Additions

(Cont 'd) ORGANIZED ACTIVITIES F arm Poultry Processing Plant
TOTAL ORGANIZED ACTIVITIES

$ 6,433.02 5,967.29
14,265.91 $ 26,666.22

$ 4,180.30 $ 2,252.72 $

1,110.50 4,559.79 $ 297.00

1,527.07 12,260.64

478.20

$ 6,817.87 $19,073.15 $ 775.20

PLANT ADDITIONS Rehab. Buildings Heating Plant Veterans' Housing
TOTAL PLANT ADDITIONS

$ 3,354.45 51,011.77 30.69
$54,396.91

$ 922.28 $ 98.41 $ 2,333.76 51,011.77
30.69 $ 952.97 $ 98.41 $53,345.53

TOTAL EXPENDITURES

$161,791.47 $71,729.85 $114, 674.76 $50,452.99 $7,082.68 $61,310.89

NON-EXPENSE Transfer to Restricted

____ 4,600 00

TOTAL DISBURSEMENTS

$166,391.47 $71,729.85

-izz-

A BRAHAM BALD W1 N AGRICULTURAL COLLEGE TIFTON, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year E n d e d June 30, 1949

. EXPENDITURES

BOOKSTORES Abac Spence
TOTAL BOOKSTORES

General

Salaries & Wages

Purchases for
Resale

Operating Supplies & Expense

S 19,507.65 $ 1,630.35 $17, 852.30 $

95.91

95.91

$ 19,603.56 $ 1,630.35 $17, 948.21 $

25.00 25.00

Equipment Capital Additions

DINING HALLS Abac Spence
TOTAL DINING HALLS

$ 84,019.84 2,045.75
$ 86,065.59

$15,051.80 1,137.50
$16,189.30

$63,834.34 908.25
$64,742.59

$5,133.70 $5,133.70

DORMITORIES New Girls Northside Lakeside Lewis Hall Herring Hall Weltner Hal1
TOTAL DORMITORIES
VET HOUSING
RENOVATIONS
RESTRICTED Dining Hall Renovation TOTAL AUXILIARY EXPENDITURES

$ 6,000.00 11,094.65 812.90 6,651.88 4,669.00 5,357.20
$ 34,585.63

$ 208.87 ' 284.00 1,158.31 964.26 1,997.88
$ 4,613.32

$ 4,058.62 $ 700.65

$ 617.72 $ 80.56

441.47

87.43

3,509.18

88.39

3,602.11

102.63

3,187.89

171.43

$11,358.37 $ 530.44

$ 3,357.97

$ 6,104.11 $ 256.05

$ 4,775.09 $ 807.97

$ 12, 480.72 $162,898.23 $23,389.67 $17 ,948.21 $84,259.02 $6,472.11

$ 6,000.00 10,, 187.50 1,896.00
$18,083.50
$ 265.00 $12 ,480.72 $30,829.22

ABRAHAM BALDWIN AGRICULTURAL COLLEGE TIFTON, GEORGIA

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

Fund

Balance Beginning
Of Year

Income For
Ye ar

Expenditures For
Year

Trans fers

Bai ance End
Of Year

Kitchen Renovation Rehab, of Buildings Heating Plant Vet Housing Vocational Funds

S 9,736.87 3,354.45
26,344.02 30.69

$26,124,00 17,332.94

$12,480.72 3,354.45
51,011.77 30.69
17,332.94

$-2,743.85 1,456.25

TOTAL RESTRICTED FUNDS $39,466.03 $43,456.94 $84,210.57 $-1,287.60

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1949

Fund
AGENCY FUNDS Student Activities F.P.H.A. Coca-Cola Machines
TOTAL AGENCY FUNDS

Balance Beginning
Of Year

Receipts For
Year

Di sbursements For
Year

Balance End
Of Year

$ 298.65 $ 5,080.82 1,088.75 3,068.75 3,139.81

$ 5,359.36 4,157.50 3,139.22

$ 1,387.40 $11,289.38 $12,656,08

$ 20.11 .59
$ 20.70

=223 =

ABRAHAM BALDWIN AGRICULTURAL COLLEGE TIFTON, GEORGIA

STATEMENT OF TRUST FUND BALANCES For Year Ended June 30, 1949
Balance of Principal beginning of Year
ADDITIONS: Receipts:
Gifts and Grants from Private Sources
BALANCE OF PRINCIPAL END OF YEAR

Loan Funds $ 500.00
1,300.00 $ 1,800.00

LOAN FUNDS Ruth F. Wright Harry F. Kulbersh Susie T. Moore
TOTAL LOAN FUNDS

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

Fund Balance

Fund Balance

Beginning Additions Deductions End Of

Of Year

Year

$ 500.00 $ 300.00 1,000.00
$ 500.00 $ 1,300.00

$ 500.00 300.00
1,000.00
$ 1,800.00

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

Cash Balance Receipts Disbursement;s Cash July 1, 1948 For Year For Year Balance

CURRENT FUNDS General Restricted Auxiliary
TOTAL CURRENT FUNDS

$ 1,996.76 $170,020.96 $166,391.47 $ 5,626.25 34,866.03 49,344.54 84,210.57 10, 564.24 157,677.65 153,161.36 15,080.53
$47,427.03 $377,043.15 $403,763.40 $20,706.78

AGENCY FUNDS

$ 1,387.40 $ 11,289.38 $ 12,656.08 $ 20.70

LOAN FUNDS TOTAL

$ 350.00 $ 1,300.00 $ 314.00 $ 1,336.00 $49,164.43 $389,632.53 $416,733.48 $22,063.48

Depository for all accounts - The Farmers Bank of Tifton, Tifton, Georgia

-224-

o

o

ABRAHAM BALDWIN AGRICULTURAL COLLEGE TIFTON, GEORGIA

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

LAND (Campus and Farm) TOTAL LAND
BUILDINGS Veteran Apart m e n t s (4) Library Tift Hall (Adm.) Auditorium-Gym Dining Hall Weltner Hall Herring Hall Lewis Hall Northside Home Economics President's Home Shop No. 1 Shop No. 2 Agriculture Old Rec. Hall Processing Plant Storage Log Cabin Poultry and Barn Tenant No. 1 Tenant No. 2
TOTAL BUILDINGS
OTHER IMPROVEMENTS Heating System Elevated Water Tank Electric Transformers Sewage Disposal Campus Bell System
TOTAL IMPROVEMENTS
EQUIPMENT Tift Hall - Adm.
Classrooms Science Labs. Log Cabin Library Audi tori urn-Gymnasium Dining Hall Weltner Hall Herring Hall Lewis Hall - Furnishings

Tn ve ^tment

Year

Beginning

Acquired Of Year

Additions

Investment

Deductions

g n(j

Of Year

o

o

o

o

orH

1907 $ 10,000.00 $ 10,000.00

$ 10,000.00

o

o

o

o

o

o o o o o o

1948 1938 1907 1938 1938 1936 1907 1907 1948 1941 1915 1935 1943 1940 1947 1942 1940 1937 1941 1940 1943

$

o o o o o o

$

57,684.69

1,495.50

67,221.04

19,263.13 12,480.72

50,000.00

265.00

40,000.00

40,000.00

1,896.00

10,187.50

15,000.00

11,424.21

6,000.00

3,000.00

32,126.65

22,500.00

40,000.00

500.00

4,325.56

4,715.00

300.00

300.00

$424,360.28 $ 66,324.72

$ 10,000.00 59,180.19 67,221.04 31,743.85 50,265.00 40,000.00 41,896.00 10,187.50 15,000.00 11,424.21 6,000.00 3,000.00 32,126.65 22,500.00 40,000.00 500.00 4,325.56 4,715.00 300.00 300.00
$490,685.00

1948 1949 1949 1948 1949

$ 23,570.21 $ 53,186.13 4,370.76 1,983.50
12,690.91 275.00
$ 36,261.12 $ 59,815.39

$ 76,756.34 4,370.76 1,983.50
12,690.91 275.00
$ 96,076.51

$ 3,097.00 $ 2,093.75

$ 5,190.75

1,947.50

$ 1,088.50

859.00

5,058.65

2,013.60

7,072.25

585.00

448.00

1,033.00

26,160.55

7,032.70

33,193.25

8,883.00 16,991.50

25,874.50

5,681.05

9,635.95

15,317.00

4,510.50

1,341.50

5,852.00

2,899.75

1,061.25

3,961.00

2,842.00

785.00

3,627.00

225-

ABRAHAM BALDWIN AGRICULTURAL COLLEGE T IETON, GEORGIA

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

Investment Year Beginning Acquired Of Year

Additions

Deductions

Investment End
Of Year

EQUIPMENT (Cont*d) Home Management Apt. Home Economics Building Veteran Apartments Northside Shop Building No. 1 Shop Buil d i n g No. 2 Agriculture Building Old Rec. Hall Processing Plant Storage Building Poultry Houses and Barn Automotive (Farm and Campus) Spence Field
TOTAL EQUIPMENT

$ 2,802.83

$ 534.98

2, 1 7 0 o47 I 2,965.69

6,000.00

1,440.50

23,377.45

4,006.00

6,453.04

1,873.04

3,235.00

152.00

4,475.00

848.00

5,574.75

1,906.50

4,700.00

800.00

1,274.75

521.31

35,863.85

769.35

17,795.76

17,795.76

$169,387.90 $ 56,806.60 $25,298.28

$ 2,267.85 5,136.16 6,000.00 1,440.50
19,371.45 4,580.00 3,387.00 5,323.00 7,481.25 5,500.00 1,796.06
36,633.20
$200,896.22

TOTAL INVESTMENT IN PLANT

$640,009.30 $182,946.71 $25,298.28 $797,657.73

-226-

GEORGIA EXPERIMENT STATION
FINANCIAL REPORT FOR THE YEAR ENDING
June 3 0 s 1949
Georgia Experiment Station Experiment, Georgia

GEORGIA EXPERIMENT STATION
EXPERIMENT, GEORGIA

BALANCE SHEET June 30, 1949

ASSETS

Io C U R R E N T FUNDS A. GE N E R A L Cash on Hand and in Banks TOTAL GENERAL FUNDS

$ 5,46070 $ 5,460.70

B, R E S T R I C T E D Cash in Banks Due from T.V.A. TOTAL RESTRICTED FUNDS

$85,900,00 1,575.92 $ 87,476.01

TOTAL CURRENT FUNDS
II, P H Y S I C A L P L A N T Land and Improvements Buildings Equipment

$ 92,936.71
$237,005.00 311,855.00 352,798.33

TOTAL PHYSICAL PLANT

$901,658.33

TOTAL ASSETS

$994,595.04

LIABILITIES AND SURPLUS

I. C U R R E N T FUNDS A, G E N ERAL Accounts Payable General Surplus TOTAL GENERAL FUNDS

$ 3,359.34 2,101.36 $

5,460.70

B, R E S T R I C T E D Fund Balances TOTAL RESTRICTED FUNDS

$87,476.01 $ 87,476.01

TOTAL CURRENT FUNDS
II. PHYS I C A L P L A N T Invested in Plant

$ 92,936.71 $901,658.33

TOTAL PHYSICAL PLANT

$901,658. 33

TOTAL LIABILITIES AND SURPLUS

$994,595.04

- 229=

GEORGIA EXPERIMENT STATION EXPERIMENT, GEORGIA

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

PUBLIC APPROPRIATIONS State of Georgia
Regular Operations United States
Hatch Act Adams Purnell Bankhead-Jones Research and Marketing Regional Research Title II Funds
TOTAL PUBLIC APPROPRIATIONS
GIFTS AND GRANTS American Plant Food Council A.Eo Staley. Company Chilean Nitrate Educational Bureau Fulton Bag & Cotton Company Georgia Canners Association G.F.A. Peanut Association International Mineral & Chemical Company Refrigeration Research Foundation Tennessee Valley Authority
TOTAL GIFTS AND GRANTS
SALES AND SERVICES Bulletins Dairy Products Feed Farm Produce Food Processing Eatonton Timber Sales Horticulture Livestock Meat Misce11aneous Seed Revolving Fund Wool
TOTAL SALES AND SERVICES
OTHER SOURCES Southern Piedmont Rents from Property A.A.A. Parity
TOTAL FROM OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME NON-INCOME RECEIPTS Escrow Funds
TOTAL EDUCATIONAL AND GENERAL RECEIPTS
-230-

General Income

Restricted Income

Total Income

$137 5 5 0 ,, 00

$137,550.00

O

O

O

Cn

i--1

$137,550.00

vo

o

o

$ 15,000.00
101,476.80 78,620.93 14,800.00 5,000.00
$289,897.73

o

o

O

o

O

o

$ 15,000.00 15,000.00 60,000.00
101,476.80 78,620.93 14,800.00 5,000.00
$427,447.73

o

o

o

o

to

1--1

$

$ 1,500.00

1,200.00

1,200.00

400.00

400.00

275.00

275.00

495.71

495.71

30,000.00 30,000.00

3,000.00

3,000.00

2,250.00

2,250.00

19,687.12 19,687.12

00

00

00

00

on

$

o

$ 58,807.83

$

16. 50

$

16.50

11,385.92

11,385.92

2. 00

2.00

24,734.78

24,734.78

1, 704.93

1,704.93

$ 30,360.00 30,360.00

1,256.39

1,256.39

9,067.49

9,067.49

514.21

514.21

1,536.74

1,536.74

4,782.92

4,782.92

372.15

372.15

$ 50,591.11 $ 35,142.92 $ 85,734.03

$

120.00

13,373.38

495.50

$ 13,988.88

$202,129.. 99

CO
m

CO 00

00

CO

T0?0

$

120.00

13,373.38

495.50

$ 13,988.88

$585.978.47

700.00

700.00

$202,129.99 $384,548.48 $586,678.47

GEORGIA EXPERIMENT STATION EXPERIMENT, GEORGIA

o o o
VO
o CM
-231-

ADMINISTRATIVE AND GENERAL Comptroller's Office D i r e c t o r 's Office General
TOTAL ADMIN. & GEN.
PHYSICAL PLANT
LIBRARY

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

General

Restricted

Salaries and
Wages

Operating Supplies
& Expense

$ 2,759.48 $

$ 4,670.00 $

13.25

13,715.86

5,545.45 17,891.60

1,369.71

15,834.52

3,048 77

3,079.12 15,804.17

$ 32,309.86 $ 10,644.22 $ 25,640.72 $ 17,187.13

$ 35,798.54

$ 7,749.77 $ 22,960.55

$ 2,750.73 $ 2,385.78 $ 2,895.16 $

558.29

Equipment $ 126.23 $ 126.23 $ 1,683.06

Land, B u i l d ings & Other Improvements
$
$ 5,088.22

ORGANIZED RESEARCH Agricultural Economics Agronomy Animal Industry Botany Chemis try Eatonton Project Entomology Food Processing Georgia Mountain Experiment Sta, Georgia Crop. Improvement Home Economics Hort iculture Seed Revolving Fund
TOTAL ORGANIZED RESEARCH

$ 3,665.91 $ 43,993.16 $ 40,150.83 $ 6,016.70

24,033.55 60,212.43 62,792.44 13,552.29

20,809.21 57,401.75 52,796.70 23,336.71

11,802.37 24,945.93 32,106.69

3,968.75

5,172.10 18,855.72 20,588.81

2,677.95

90.06 45,387.36 16,792.88 19,073.12

1,522.08

8,563.71

7,846.80

769.62

2,350.49 28,703.87 23,919.34

6,059.51

27,431.92 17,873.10 29,467.02

8,329.66

5,853.83

3,652.35

541.15

5,061.26 14,385.38 15,917.42

2,687.98

19,727.52 29,990.14 37,275.03

7,124.82

2,520.28

2,520.28

$127,520.30 $352,832.83 $343,306.31 $ 96,658.54

$ 1,491.54 7,901.25 2,077.55 672.86 761.06 4,251.07 1,469.37 341.99 3,783.28 1,660,33 841.24 3,608.08
$28,859.62

$ 5,360.35 733.52
3,725.06
1,709.73 $11,528.66

PLANT ADDITIONS Murray Residence
TOTAL EDUC. & GEN. EXPENDITURES

$ 7,457.28 $205,836.71 $365,862.83 $379,591.96 $137,364.51 $30,668.91

$ 7,457.28 $24,074.16

NON-EXPENSE Escrow Funds

1,000.00

TOTAL EDUC. & GEN. DISBURSEMENTS $205,836.71 $366,862.83

GEORGIA EXPERIMENT STATION EXPERIMENT, GEORGIA

STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year E nded June 30, 1949

Balance Beginning
Of Year

Income for
Year

Expenses for Year

Balance End of
Year

American Plant Food Council

$ 230,42

American Potash Company

1,500,00

Chilean Nitrate Education Bureau

Dow Chemical Company

400,00

Escrow Funds (Timber)

1,000,00

Fulton Bag & Cotton Company

Georgia Canners Association

G.F.A. Peanut Association

International Mineral & Chemical Company

Refrigeration Research Foundation

Seed Revolving Fund

9,132,45

A.Eu Staley Company

1,200,00

Swift & Company

3,614,85

Timber Sales (Eatonton)

46,729,16

Tennessee Valley Authority

- 3,863,04

Hatch Fund

Adams Fund

Purnell Fund

Bankhead-Jones Fund

Research & Marketing Fund

2,766,06

Regional Research Fund

5,504,54

Title II Fund

$ 1,500,00
400,00
700,00 275,00 495.71 30,000,00 ; 3,000.00 2,250.00 4,782.92 1,200.00
30,360.00 19,687.12 15,000.00 15,000.00 60,000.00 101,476.80 78,620.93 14,800.00
5,000.00

$ 1,673.40 558.05 400.00 400.00
1,000.00 125.41 330.17
831.25 2,250.00 2,520.28 2,173.92
847.23 45,387.36 17,400.00 15,000.00 15,000.00 60,000.00 101,476.80 80,522.21 18,966.75

$

57.02

941.95

700.00 149.59 165.54 30,000.00 2,168.75
11,395.09 226.08
2,767.62 31,701.80 1,575.92

864.78 1,337.79 5,000.00

TOTALS

$68,214,44 $384,548.48 $366,862.83 $85,900.09

-232=

GEORGIA EXPERIMENT STATION
EXPERIMENT, GEORGIA

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1949

Withholding Tax Retirement Fund Group Insurance
TOTAL AGENCY FUNDS

Balance Beginning
Of Year

Receipts for
Year

Disbursements for
Year

Balance End of
Year

$ 17,574.21 $ 17,574.21

10,212.76 10,212.76

4,268.66

4,268.66

$ 32,055.63 $ 32,055.63

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

Cash Balance Receipts Disbursements Cash

July 1, 1948 For Year

For Year

Bai ance

CURRENT FUNDS General Restricted TOTAL CURRENT FUNDS

$ 9,167.42 $202,129.99 $205,836.71 68,214.44 384,548.48 366,862.83
$77,381.86 $586,678.47 $572,699.54

$ 5,460.70 85,900.09
$91,360.79

AGENCY FUNDS

$ 32,055.63 $ 32,055.63

TOTAL

$77,381.86 $618,734.10 $604,755.17 $91,360.79

BANK BALANCES

Petty Cash State Bank, Griffin, Georgia, Educational & General Account Commercial Bank & Trust Company, Griffin, Ga. Educational & Gen.Account Commercial Bank & Trust Company, Griffin, Ga., Agency Funds Commercial Bank & Trust Company, Griffin, G a . ,Seed R e v o l v i n g Fund Commercial Bank & Trust Company, Griffin, Ga . , Escrow Funds

$ 300.00 12,202.57
7,808.67 58,954.46 11,395.09
_____ 700.00

$91,360.79

-233-

o o o o o co
o o o o m rH

GEORGIA EXPERIMENT STATION EXPERIMENT, GEORGIA

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

Investment

Year

Beginning

Acquired Of Year

Additions Deductions

Investment End Of Year

A. LA N D

Georgia Experiment Station

123

acres

335o56 acres

240

acres

251.6 acres

9

acres

64.4 acres

90

acres

Georgia Mountain Station

200

acres

177

acres

TOTAL LAND

1889 1937 1941 1942 1943 1945 1907

$230,180,00

1932 1948

6,825.00 $237,005.00

$230,180.00
6,825.00 $237,005.00

BUILDINGS

Flynt

1929

Auditorium

Soil Laboratory

Nutrition Laboratory

1940

Old Horticulture Building

New Horticulture Building

1948

Dairy Building

1940

Cow Testing Building

Cattle Sleeping Barn

Cattle Sleeping Barn

Swine Barn

Potato Storage House

Slaughter House

Utility Barn

Agronomy Greenhouse

Chem, & Horticulture Greenho use

Botany Greenhouse

Mud Building

General Storage Building

Mule Barn

Fertilizer & Seed Barn

1941

Machine Shed & Tool Shop

Drying House

Sanford Barn

New Gin House

1946

Food Processing Laboratory 1948

Residences and Tenants

Weighing Office & Shed

Barn

Implement Shed

Peach Packing & Implement She d 1949

$ 60,000.00 1,900.00 3,000.00 8,000.00 3,000.00
50,000.00 8,000.00 1,000.00 500.00 5,000.00 2,000.00 700.00 400.00 2,000.00 1,500.00 2,000.00 5,000.00 1,300.00 2,000.00 3,000.00 3,500.00 1,000.00
6,000.00 6,000.00 25,000.00 63,828.05
600.00 1,000.00
600.00

$ 7,171.95 7,000.00

$ 60,000.00 1,900.00
8,000.00 3,000.00 50,000.00 8,000.00 1,000.00
500.00 5,000.00 2,000.00
700.00 400.00 2,000.00 1,500.00 2,000.00 5,000.00 1,300.00 2,000.00 3,000.00 3,500.00 1,000.00 1,500.00 6,000.00 6,000.00 25,000.00 71,000.00 600.00 1,000.00 600.00 7,000.00

-234-

GEORGIA EXPERIMENT STATION EXPERIMENT, GEORGIA

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

Year Investment

Acquireid B e g inning

Additions

Of Year

ILont d;

Agronomy Implement Shed

1949

$ 1,500.00

Agric. Forage Crop & Grain

Drier

1949

1,000.00

Sheep Shed

$

800,00

Cattle Feeding Sheds

1,600,00

Mule Feeding Shed

400,00

Pump House

200.00

Trailers (Housing)

5,500.00

Georgia Mountain Station

Utility

740.00

Office

1,000.00

Community Cannery

725.00

Shop & Fertilizer House

200.00

Livestock Barn

625.00

2 Residences

3,000.00

Cow Barn

25.00

Forest Tool House

20.00

Storage Cellar

200.00

Exhibit Sheds

130.00

Pottery

140.00

Dairy Building

1948

5,571.00

3 Residences

1948

1,600.00

Shop

1948

25.00

Garage

1948

50.00

Livestock Barn

1948

100.00

Calf Barn

1948

400.00

Dairy Barn

1949

3,250.00

Sheep Shed TOTAL BUILDINGS

1949

750.00

$286,879.05 $26, 171.95

Co E Q U I P M E N T Trailer Camp Administrative Agricultural Economics Agronomy Animal Industry Botany Chemistry Eatonton. Entomology Food Processing Gao Mountain Station Home Economics Horticulture Library TOTAL EQUIPMENT

$ 1,095.75

$ 4,456.46

914.50

8,548.68

42,629.12 16,608.31

89,786.91

18,518.86

871.01

31,640.53 3,977.34

34,634.50 13,291.50

1,764.52 1,048.91

9,917.25 2,540.00

11,218.65 8,103.00

13,565.64 1,130.75

17,468.55 4,127.30

15,221.75

$299,371.42 $53,708.32

Investment Deductions End Of
Year

$ 1,500.00

1,000.00 800.00
1,600.00 400.00 200.00
5,000.00

$1,071.00 25.00
100.00
$1,196.00

740.00 1,000.00
725.00 200.00 625.00 3,000.00
25.00 20.00 200.00 130.00 140.00 4,500.00 1,600.00
50.00
400.00 3,250.00
750.00 $311,855.00

$ 1,095.75

5,370.96

$ 124.81

8,423.87

59,237.43

91. 10 89,695.81

19,389.87

35,617.87

47,926.00

2,813.43

12,457.25

19,321.65

14,696.34

21,595.85

65.50 15,156.25

$ 281.41 $352,798.33

TOTAL INVESTMENT IN PLANT

$823,255.47 $79,880.27 $1,477.41 $901,658.33

-235-

GEORGIA COASTAL PLAIN EXPERIMENT STATION
FINANCIAL REPORT FOR THE YEAR ENDING
JU N E 30, 1949
Georgia Coastal Plain Experiment Station Tifton, Georgia

GEORGIA COASTAL PLAIN EXPERIMENT STATION TI F TON., G E O R G I A

BALANCE SHEET June 30, 1949
ASSETS

Io C U R R E N T FUNDS A. GE N E R A L Cash in Bank TOTAL GENERAL FUNDS
Bo R E S T R I C T E D Cash in Bank
TOTAL CURRENT FUNDS
IIo P H Y S I C A L PLANT Land Buildings Equipment
TOTAL PHYSICAL PLANT
TOTAL ASSETS

$10,361. 76 $ 10,361,76

$ 4,926.28 $

4,926.28 $ 15,288.04

$181,675.40 319,823.00 169,068.51
$670,566.91
$685,854.95

-238 =

GEORGIA COASTAL PLAIN EXPERIMENT STATION TI E T O N G E O R G I A

BALANCE SHEET June 30, 1949
LIABILITIES

I CURRENT FUNDS A. GE N E R A L Accounts Payable Purchase Orders Outstanding Reserve for Rehab. Buildings General Surplus TOTAL GENERAL FUNDS
B e RESTRICTED Fund Balance TOTAL RESTRICTED FUNDS
TOTAL CURRENT FUNDS
II, P H Y S I C A L P L A N T Invested in plant

$ 27,50 1,536,03 3,405.26 5,392,97
$10,361,76
$4,926.28 $ 4,926,28
$ 15,288,04
670,566,91
$685,854,95

-239-

GEORGIA COASTAL PLAIN EXPERIMENT STATION TIF T0 N , GEORGIA

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

PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Construction of Greenhouse
TOTAL GOVERNMENTAL
GIFTS & GRANTS FROM PRIVATE SOURCE R.W. Woodruff United States Golf Association
TOTAL GIFTS AND GRANTS
SALES & SERVICES - RESEARCH Agronomy Animal Husbandry Animal Pathology Apiculture & Plant Pathology Dairy Farm Forage & Pastures Horticulture Nematology Range Grazing Shade Tobacco Tobacco & Tobacco - Pathology
TOTAL SALES & SERVICES
OTHER SOURCES Fire Insurance Recovery Rents from Property Sale Right-of Way Miscellaneous
TOTAL FROM OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME

General Restricted Total

Income

Income Income

$185,000.00 9,250.00
$194,250.00

$185,000.00 9,250.00
$194,250.00

$ 500.00 $ 500.00 1,843.60 1,843.60 $2,343.60 $ 2,343.60

$ 3,720.52 43,904.67 357.36 141.26 19,460.55 13,486.14 247.74 6,416.56 41.00 6,978.76 18,483.70 7,576.57
$120,814.83

$ 3,720.52 43,904.67 357.36 141.26 19,460.55 13,486.14 247.74 6,416.56 41.00 6,978.76 18,483.70 7,576.57
$120,814.83

$ 5,100.60 2,636.50 3,700.00 4.95
$ 11,442.05
$326,506.88

$ 5,100.60 2,636.50 3,700.00 4.95
$ 11,442.05
$2,343.60 $328,850.48

-240-

GEORGIA COASTAL PLAIN EXPERIMENT TIFTON, GEORGIA
STATEMENT OF EDUCATIONAL & GENERAL EXPENDITURES For Year Ended June 30, 1949

STATION

241 =

ADMTNTSTRATTVF & nFNFRAI
Director's Office General
TOTAL ADMIN, & GENERAL
PHYSICAL PLANT Plant Operation
LIBRARY
ORGANIZED RESEARCH Agricultural Economics Agricultural Engineering Agronomy Animal Husbandry Animal Pathology Dairy Entomology Farm Forage and Pastures Grass Breeding Horticulture Nematology Plant Pathology Range Grazing Seed Certification Shade Tobacco S oi Is Tobacco Tobacco"Pathology
TOTAL ORGANIZED RESEARCH
TOTAL EDUCATIONAL & GENERAL
FYPFNnTTITRFQ

General
s 12,002,03 10,656 67
$ 22,65870

Object Classification

Operating

Land, Build

Restricted Salaries Supplies Equipment ings & Other

& Wages & Expense

Improvements

$ 11,262,50 $ 73953
1,149,41 8,45302 $ 1,054.24 $ 12,411,91 $ 9,192,55 $ 1,054.24

$ 40,860,47 $ 4,141,29

$ 10,296,33 $ 17,537 28 $ 1,482.40 $11,544.46 $ 2,491,26 $ 1,389,61 $ 260.42

$ 2,406,74

$ 2,261,08 $ 145,66

5,878,92

4,932,53

926,05 $ 20.34

22,315,63

16,934,48 3,777,75 1,603.40

67,756,44

19,281,84 32,354,02 16,120.58

16,398,33 $1,561,35 11,544,61 4,625,08 lf789,99

15,469,24

7,480,55 6,472,28 1,516.41

5,883 24

5,742,09

127,57

13.58

10,712,92

6,914,30 3,798,62

9,706,56

6,910,08 1,545,87 1,250.61

4,821,17 1,057,73 3,610,56 1,723,64 544.70

38,034,48

28,646,38 7,716,28 1,671.82

1,099,65

1,076,48

23,17

*

7,472,78

4,809,04

647,43 2,016.31

8r888,02

4,784,62 3,669,88 433.52

4,10313

3,402,96

69017

10.00

25,45914

19,675,01 4,528.88 1,255.25

6,206,34

4,837,09

420.72 948,53

5,182,99

4,419 84

703.25

59.90

3,060,50

2,752,91

307.59

$260,856,22 $2,619,08 $160,016,45 $ 74,203,91 $29?25494

$328,516,68 $2,619,08 $185,215,95 $102,323,35 $32,052.00 $11,544.46

GEORGIA COASTAL PLAIN EXPERIMENT STATION TIFTON, GEORGIA

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

Balance Beginning
Of Year

Balance

""R e c eipts """Disb u r s e m e n t s End

For Year

For Year Of Year

Emory University Funds R.W. Woodruff U,,S. Golf Association Fund

$1,061.35 4,140.41

$ 500.00 1,843.60

$1,061.35 500.00
1,057.73

$4,926.28

TOTAL

$5,201.76

$2,343.60 $2,619.08 $4,926.28

Included in Educational i& Ge neral Income * * Included in Educational & General Expenditures

CURRENT FUNDS General Restricted
TOTAL CURRENT FUNDS

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

Cash Balance Receipts Disbursements Cash Balance

July 1, 1948 For Year

For Year June 30, 1949

$12,371.56 5,201.76
$17,573.32

$326,506.88 $328,516.68 $10,361.76

2,343.60

2,619.08 4,926.28

$328,850.48 $331,135.76 $15,288.04

BANK BALANCES
Bank of Tifton - Educational and General Account Restricted Funds

$10,361.76
4,926.28 $15,288.04

GEORGIA COASTAL PLAIN EXPERIMENT STATION TIFTON, GEORGIA

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

Investment Year Beginning Additions Deductions Acquired Of Year

Investment End
Of Year

A. L A N D

206.22 AOriginal Tract

62.97 ATift N o . 1 Tract

61.60 ATift No.2 Tract

109.50 AHenry Tift Tract

56.77 AMitchell Tract

214.70 A. Choate Tract

165.00 A College Tract

552.90 ACarson Tract

2.25 A Tifton R e a l t y Tr.

1.00 AFulwood Tract

67.00 A Cook County Tract

28.13 AGrimes Tract

4.62 ASaunders Tract

425.08 A Decatur Co. Tract

1480.40 A Alapaha Tract

47.00 A Alapaha Trajpt

53.50 A Alapaha Tract

1223.30 A Alapaha Tract

514.00 A Carpenter

5275.92 A

TOTAL LAND

1919 1925 1932 1935 1935 1936 1937 1937 1937 1937 1938 1940 1940 1939 1941 1941 1941 1941 1941

$ 20,622.00 6,297.00 6, 160.00
10,950.00 5,677.00
10,735.00 16,500.00 36,395.00
225.00 300.00 2,675.00 5,626.00 1,600.00 10,626.50 14,804.00 1,175.00 567.75 12,844.65 17,895.50 $181,675.40

B. B U I L D I N G S

Research Building

1937

Extension Building

1922

Greenhouse

Greenhouse

Feed sample house

Engineer's shop

Weather Bureau House

Superintendent's dwelling

Farm machine shed

Namatology shop

Car shed

Main barn

Horti culture barn

6 Employees' cottages at $2,000 Gin and seedhouse

Potato curing house

Tobacco packhouse (burned)

Tobacco fertilizer house

Toba cco curing barn

Tobac co curing barn

Tob acco curing barn

Tobacco curing barn

Tob acco curing barn

$ 60,000.00

46,500.00

4,000,00

On O O o O O

$9,337.00

200.00

1,000.00

100.00

4,000.00

1,000.00

750,00

1,600.00

6,000.00

500.00

12,000.00

7,650.00

3,000.00

1,750.00 $3,400.00 $1,750.00 850.00

200.00

300.00

300.00

333.00

300.00

$ 20,622.00 6,297.00 6,160.00
10,950.00 5,677.00
10,735.00 16,500.00 36,395.00
225.00 300.00 2,675.00 5 , 6 2 6 ,,00 1,600.00 10,626.50 14,804.00 1,175.00 567.75 12,844.65 17,895.50 $181,675.40
$ 60,000.00 4 6,500.00 4,000.00 15,337.00 200.00 1,000.00 100.00 4,000.00 1,000.00 750.00 1,600.00 6,000.00 500.00 12,000.00 7,650.00 3,000.00 3,400.00 850.00 200.00 300.00 333.00 300.00 300.00

-243

GEORGIA COASTAL PLAIN EXPERIMENT STATION TIFTON, GEORGIA

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

Investment

Year Beginning

Acquired Of Year

dR TuT Tx Tj u L / i i l u o ii PL no nn Ft u /

--------------------------

Tobacco curing barn-tile E m p l o y e e 's cottage Tobacco packhouse E m p l o y e e 's cottage Soils laboratory

$ 500 o00 1,500,00 300,,00 800,,00

E m p l o y e e 's cottage Employee's cottage Horticulture main barn Employee s cottage Grass breeding barn Pump house Garage Agronomy storage barn Shed and storage barn 2 e m p l o y e e 's cottages at $2,000.00 3 large A g ronomy barns at $4,000.00 Forage & Pastures storage barn Fertilizer building

600,00 500,00 4,000,00 400,00 400,00
50,00 400,00 1,000,00 2,000,00 4,000,00 12,000,00 200,00

o o o o o
pH

E m p l o y e e 's cottage E m p l o y e e 's cottage E m p l o y e e 's cottage E m p l o y e e 's cottage Employee s cottage E m p l o y e e 's cottage Employee s cottage E m p l o y e e 's cottage Dairy barn Breeding barn Bull shed Bull shed Superintendent s cottage Employee s cottage 2 Employee s cottages at $2.000.00 E m p l o y e e 's cottage Animal Husbandry horse & mule barn Animal Husbandry machine shed Animal Husbandry corn crib Animal Husbandry shop Animal Husbandry cow barn Animal Husbandry storage barn Animal Husbandry feed & mill house Animal Husbandry cow barn Employee s cottage Employee's cottage Storage barn E m p l o y e e 's cottage Employee s cottage

550.00 1,500,00 2,800,00 2,800.00 3,000,00
350.00 200,00 300.00 27,500.00 400.00 200,00 200.00 4,000.00 400.00 4,000.00 2,800.00 8,000.00 1,000,00 1,000,00 200.00 2,000.00 300.00 2,800,00 3,000.00 400.00 1,000.00 200.00 200.00 2,000.00

Additions $1,800.00

Investment End
Deductions Of Year
$ 500.00 1,500.00 300.00 800.00 1,800.00 600.00 500.00 4,000.00 400.00 400.00 50.00 400.00 1,000.00 2,000.00 4,000.00
12,000.00 200.00
1,000.00 550.00
1,500.00 2,800.00 2,800.00 3,000.00
350.00 200.00 300.00 27,500.00 400.00 200.00 200.00 4,000.00 400.00 4,000.00 2,800,00 8,000.00 1,000.00 1,000.00 200.00 2,000.00 300.00 2,800.00 3,000.00 400.00 1,000,00 200.00 200.00 2,000.00

r 244-

GEORGIA COASTAL PLAIN EXPERIMENT STATION TIFTON, GEORGIA

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

Year Acquired

Investment Beginning
Of Year

Additions

Investment

Deductions

End

Of Year

B U I L D I N G S ( C o n t 'd)

Storage barn

S

Employee*s cottage

Garage and barn

Storage barn

Mule and storage barn

Cow and storage barn

E m p l o y e e 's cottage

Tool house and shop

Syrup house

Cook County Tract

E m p l o y e e 's Cottage

Barn

Shed

Decatur County Tract

Office and tobacco storage bldg.

Tool and fertilizer barn

General purpose barn

Tobacco curing barn 40x60s

Tobacco curing barn 40x120s

Tobacco curing barn 40x120'

Dwelling house

E m p l o y e e 's cottage

3 E m p l o y e e 's cottages at $250.00

3 E m p l o y e e 's cottages at $200.00

Machine shed

Berrien County Tract

Main dwelling

E m p l o y e e 's cottage

Commissary building

Barn

Barn and shed

2 sheds at $300.00

Employee's cottage

Employee's cottage

Misc. hog houses, hotbeds, shade

houses, insectaries

rH

H

o

in

o

o

o

o

100.00 3,300.00
100.00 500.00 500.00 1,200.00 2,500.00 100.00 100.00
2,500.00 400.00 100.00
6,000.00 300.00
4,000.00
3,000.00 3,000.00 2,300.00
300.00 750.00 600.00 1,000.00
3,500.00
400.00 500.00 400.00 600.00 2,000.00 400.00
3,003.00

o

o

o

o

$

100.00

3,300.00

100.00

500.00

500.00

1,200.00

2,500.00

100.00

100.00

2,500.00 400.00 100.00

6,000.00 300.00
4,000.00 1,500.00 3,000.00 3,000.00 2,300.00
300.00 750.00 600.00 1,000.00

3,500.00 1,000.00
400.00 500.00 400.00 600.00 2,000.00 400.00

3,003.00

TOTAL BUILDINGS

$306,703.00 $14,870.00 $1,750.00 $319,823.00

C. EQUIP M E N T Administrative & General Physical Plant Library Research
TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

$ 7,083.18 $

18.95

2,162.50

$

4,912.11 1,180.39

132,985.06 21,015.82

289.50

$147,142.85 $22,215.16 $ 289.50

$635,521.25 $37,085.16 $2,039.50

$ 7,102.13 1,873.00 6,092.50
154,000.88
$169,068.51
$670,566.91

245-=

I |M |i

AGRICULTURAL EXTENSION SERVICE
FINANCIAL REPORT FOR THE YEAR ENDING
June 30, 1949
Agricultural Extension Service Athens, Georgia

Mr. Walter S,, Brown, D i rector Agricultural Extension Service Athens, Georgia

Dear Mr. Brown:

I am submitting herewith my annual report as Treasurer

of the Agricultural Extension Service, Athens, Georgia, for the

fiscal year ending June 30, 1949. This report consists of the following Schedules:

Balance Shee Sta tement of Educational and General Income Statement of Educat ional and General Expense St atement of Operations of Restricted Funds Statement of changes in Cash Balances

Schedule A Schedule B Schedule C Schedule D Schedule E

Respectfully submitted
/ s/ J.D. Bolton
J.Do Bolton Treasurer

-248-

-COMMENTS-

SCOPE This report is based upon actual cash receipts and disbursements, except
the balance sheet, in which all known assets and liabilities are included. County funds expended are not included in the schedules, since they were
actually disbursed by the counties.

GENERAL

5 a comparison o f income and percentage of income

to total for two years.
SOURCE State of Georgia State Dept, of Education Clarke County Federal Funds Gifts and Grants Other

1947-1948

Amount

Percent

$ 441,000.00 409.60
4,295.00 1,062,511.89
46,931.93 65. 16

28.36 .02 .28
68.32 3. 02

1948-1949

Amount

Percent

$ 481,000.00 -0-
4,120.00 1,165,627.90
52,638.25 294.26

28.23
.24 68.42
3.09 .02

TOTALS

11,555,213.58 100.00

$1,703,680.41 100.00

A comparison of expense, by obje and percentages

expenditures is presented below in amounts

OBJECT Salaries and Wages Travel Operating Supplies & Expense Equip. & Other Capital Outlay
TOTALS

$1,246,472.55 241, 183.10 64,272.72 7,389.81

75.94 15.47
4. 12 .47

$1,559,318.18 100.00

$1,333,017.12 284,440.33 52,212.53 8,657.03

79.42 16.95
3. 11 .52

$1,678,327.01 100.00

Various counties of the State expended *450,097.64 which was disbursed by

the counties in cooperation with the Agricultural Extension Service. Of the amount

disbursed by counties, $156,419.53 was used as offset against Federal Funds.

-249

The following is a st atement by pro,jec ts of all expenditure s d isbursed by

both the Agricultural Extension Service and the various counties, Th is statement

als o shows the amount o f Feder al funds used, St)ate and c oun ty funds use'd for off set

and funds not used as o f f s e t , by each projec t .

No.

Proj ect

Total Expenditu res

Fdra 1 Funds

Off Se t Funds

Funds Not Used as Off Se t

1 Administration 2 Publications 3 County Agents Work (Whi t e ) 4 Home Dem. Work (Whi te) 4a Home Improvement 4b Nutrition 4c Textiles and Clothing 4d Utilization 4e Child Development 4f Home Industries 4g Program Analysis 5 Negro County Agents Work 5 a Negro Home Dem. Wor k 6 4-H Club Work 7 Economics and Marke ting 8a Beef Cattle and S h e ep 8b Dairying 8c Poultry 8d Swine 9 Agronomy 10 Horti c u l t u r e 11 A g r i c ultural Engine"ring 12 Forestry 14 Soil C o n s ervation 17 R e creation 18 Wild Life Conservt:ion 19 Bee Culture
TOTALS

$ 27,517 .94 $ 24,782 .76

67,254 .72 47,214 .35

1,000,345 .34 570.433 .22

513,004 .05 183,561 .33

5,804 .92

3,529 ,66

10, 624.53 6,935 ,78

5,266 .11

3,373 ,04

10,818 .83

7,216 .48

5,756,,92

3,548 ,76

5,119,58

3,473,,73

1,891,02

1,691,,62

96,142,,78 83,145,,56

60,510,,70 52,199,,05

49,364,,17 32,607,,87

47,839,,90 32,666,,01

6,476, 92

3,636, 00

26,551,,24 18,535,,16

13,093,,78

8,831,,59

7,365, 92

4,399. 92

35,287, 89 20,651, 44

15,234, 94 10,612. 34

24,334. 25 16,027. 68

14,026. 74

5,582. 50

9,487. 84

1,997. 43

6,419. 45

4,047. 64

4,415. 62

3,331. 17

4,964. 14

4,964. 14

$ 2,733 .40 19,240 .67
227,738 .75 227,381 .58
2,263 .96 3,688 .75 1,893,07 3,602 .35 2, 208 .16 1,645,,85
12,919,,72 8 , 150c,47
16,562,,69 15,084,,79
2,835,,12 8,008c,08 4,262,,19 2,966. 00 9,186. 94 3,585. 60 7,944. 02 7.499. 24
2,371. 81 1,084. 45

$

1 .78

799 .70

202,167 .57

102,061 . 14

11 .30

199,,40 77,.50
161,,18 193c,61
89,,10 5.,80 8,,00
5,449. 51 1,037. OO
362. 55 945. 00 7,490 41

(1)

(2)

$2,074,920. 24 ;1 158,996. 23 594,857. 66 321,060. 55

(1) Of this amount $156;,419.53 was disbursed by the various counties (2) O f this amount $293;,678.11 was disbursed by the various counties

The above schedule does not include funds received and other wh i c h are auxiliary to the main program.

- 250

The following statement shows the operation of funds to be off set and now they were off set.

To be

FEDERAL FUNDS

Total

Off Set

Dis b u r s e d by A g r icultural Ext e n s i o n SOervi*ce ..--..in 1 . 1------- :-

S m i t h "Lever & B ankhead ? J o n e s

$ 667,763,36 $146,817,49

Bankhead- FI annagin

426,945,22 426,945 22

C a p p e r "Ke t c h a m

37,854,95 17,854,95

Additional Cooperative

26,432,70

Research Marketing Fund

4,975,93

4,975,93

T O TAL D I S B U R S E D B Y AGRIC, EXT,, SERVICE $ 1 , 163,972,16 $596,593,59

Non Off Set
$520,945,87
20,000,00 26,432,70 $567,378.57

Disbursed by Federal Government

Norri s=Doxey

$

ClarkeMcNary

TOTAL DISBURSED BY FEDERAL GOVERNMENT $

1,620.00 $ 1,620,00 3,240,00 $

1,620.00 1,620.00 3,240.00

TOTAL FEDERAL FUNDS

$1, 167,212.16 $599,833.59 $567,378,57

STATE AND COUNTY FUNDS Disbursed by Agricultural Extension Service State Funds

$ 464,743,68 $443,414,06 $ 21,329,62

Disbursed by Counties County Funds

450,097,64 $156,419,53 $293,678,11

TOTAL STATE AND COUNTY FUNDS

$ 914,841,32 $599,833,59 $315,007,73

GENERAL

B u ildings and grounds are carried as assets of the U n i v e r s i t y of Georgia*, Therefore^, no statement of Plant Investment is included in this report,, The B a lance sheet carries the val ue of equipment on hand.

= 251

AGRICULTURAL EXTENSION
ATHENS, GEORGIA

Schedule A SERVICE

BALANCE SHEET June 30, 1949

ASSETS

I. CURRENT FUNDS A. G E NERAL Cash in Bank TOTAL GENERAL FUNDS

$ 24,286.67 $ 24,286.67

B. R E S T R I C T E D Cash in Bank TOTAL RESTRICTED FUNDS
TOTAL CURRENT FUNDS

$ 56,276.29 $ 56,376.29 $ 80,662.96

II. A G E N C Y FUNDS Cas h in Bank

$ 14,203.20

TOTAL AGENCY FUNDS
III. P H Y S I C A L P L A N T Equipment TOTAL PHYSICAL PLANT
TOTAL ASSETS

14,203.20
$ 69,320.23 $ 69,320.23 $ 1 6 4 , 1 8 6 . 39

LIABILITIES AND SURPLUS

I. C U R R E N T FUNDS A. GE N E R A L Surplus TOTAL GENERAL FUNDS

$ 24,286.67 $ 24,286.67

B. R E S T R I C T E D Fund Balances TOTAL RESTRICTED FUNDS

$56,376.29

56,376.29

TOTAL CURRENT FUNDS
II. A G E N C Y FUNDS Funds Balances

$ 80,662.96 $ 14,203.20

TOTAL AGENCY FUNDS
III. PHYSICAL PLANT Invested in Plant

$ 14,203.20 $ 69,320.23

TOTAL PHYSICAL PLANT

$ 69,320.23

TOTAL LIABILITIES AND SURPLUS

$164,186.39

-252-

AGRICULTURAL EXTENSION SERVICE
ATHENS, GEORGIA

Schedule B

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

General Income

Restricted Income

Total Income

PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Clarke County
For Non off set United States
Smith=Lever Capper =Ke tchain Bankhead=Jones BankheadFIannagin Additional Cooperative Research and Marketing
TOTAL PUBLIC APPROPRIATIONS

$37,585.94 $ 443,414.06 $ 481,000.00

4,120.00

4,120.00

156,817.49

156,817.49

37,854.95

37,854.95

502,537.94

502,537.94

434,861.56

434,861.56

26,432.70

26,432.70

7,123.26

7,123.26

$41,705.94 $1,,609,041.96 $1,650,747.90

GIFTS AND GRANTS T. V. A American Turpe n t i n e Farmers A s s 'n. Coop e r a t i o n Southern Pulpwood Association W o o l f o l k Chemical Works, Ltd, Atlanta Chamber of Commerce Southeastern Fair Association 100 Bushels Corn Club Rowe V/arehouse & Fertilizer Company Atlanta Journal Greenwood Plantation
TOTAL GIFTS AND GRANTS

$
$ 2,320.05 469.30 450.00 300.00
$ 3,559.35 $

44,325.98 $ 4,274.72 103.20 75.00 300.00
49,078.90 $

44,325.98 4,274.72 103.20 75.00 300.00 2,320.00 469.30 450.00
300.00 52,638.25

OTHER SOURCES Miscellaneous
TOTAL FROM OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL RECEIPTS

$ 294.26 $ 294.26

$

294.26

$

294.26

$45,559.55 $1,658, 1 2 0 . 8 6 $ 1 ;,703,680.41

o o o
CM
o o o
CM

253 =

AGRICULTURAL EXTENSION SERVICE ATHENSGEORGIA

Schedule C

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

General

Restricted

Salaries and Wages

Operating Supplies & Expense

Equipment

EXTENSION Federal Smith=Lever Bankhead= Flannagin Capper=Ketcham Additional Cooperative Movie Conservation T . V A p 1948=1949 T.V.A. Industries Research and Marketing State Offset State Non=Offset Other Non-Offset
TOTAL EDUG. & GEN. EXPS.

$
$21,329.62 6,052. 82

667,763.36 $ 426,945.22
37,854.95 26,432.70
1,629.94 39,520.97
2,407.44 4,975.93 443,414.06

584,395.98 310,894.67
37,854.95 26,432.70
33,188.23 1,999.92 3.785.00
319,477.49 13,054.20 1,933.98

$ 79,112.06 113,070.44
776.74 6,187.94
407.52 1,012.73 123,764.37 8.275.42 41045.64

$4.255.32 2 ,980.11
853.20 144.80
178.20 172.20
73.20

$27,382.44 $1,650,944.57 $1,333,017. 12 $336,652.86 $8, 657.03

= 254

Schedule D

AGRICULTURAL EXTENSION SERVICE

ATHENS,

GEORGIA

STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year End e d . J u n e 30, 1949

Balance Beginning
of Year

Income for
Year

Expenditures for Year

Transfers

Balance End
Of Year

Federal Smith-Lever $ 8,964.37 $ 659,355.43 $ 667,763.36 $ -209.00 $ 347.44

Movie Conservation

1,309.73

4,752.92

1,629.94

4,432.71

Capper-Ketcham*

105.00

37,854.95

37,854.95

-105.00

Bankhead-Flannagin 45,286.25

434,861.56

426,945.22

53,202.59

T.V.A. 1948-1949

-6,303.30

41,992.72

39,520.97

-3,831.55

Additional Cooperative

26,432.70

26,432.70

T.V.A. Industries

-374.79

2,333.26

2,407.44

-448.97

Research and Marketing 526.74

7,123.26

4,975.93

2,674.07

State for Matching

443,414.06

443,414.06

TOTALS

$ 4 9 , 5 1 4 . 0 0 * $ 1 ;658 120 86 $1,650,944.57 $ -314.00 $56,376.29

* Last y e a r 's ending balance in error $105.00 was included in general funds, whereas it should have been $105.00 in Capper Ketcham.

-255

AGRICULTURAL EXTENSION SERVICE ATHENS, GEORGIA

STATEMENT OF AGENCY FUNDS For Year E nded June 30, 1949

Balance Beginning
Of Year

Receipts For Year

Balance Disbursements End
For Year Of Year

Withholding Tax State Retirement Federal Retirement Group Insurance Progressive Life Insurance Company Regional Film Corporation

$ 4,778:11 $ 66,806.66 $ 65,784.64 $ 5,800.13

3,483.75 43,737.43 43,505.75 3,715.43

1,843 53 30,370.64 29,543.53 2,670.64

25.20

581.40

578.40

28.20

202.00

5,039.50

5,252.70

,-1 1 . 2 0

2 ,0 0 0 . 0 0

2 ,0 0 0 . 0 0

TOTAL AGENCY FUNDS

$10,332.59 $148,535.63 $144,665.02 $14,203.20

Schedule E

C ash Balance J uly 1, 1948

Receipts Disbursements Cash

For Year

For Year Balance

CURRENT FUNDS General Funds Restricted
TOTAL CURRENT FUNDS
AGENCY FUNDS

$ 6,109.56 $ 45,559.55 $ 27,382.44 $24,286.67 49,514.00 1,652,830.93 *1,645,968.64 56,376.29
$ 55,623.56 $1,698,390.48 $1,673,351.08 $80,662.96
$ 10,332.59 $ 148,535.63$ 144,665.02 $14,203.20

TOTALS

$ 65,956.15 $1,846,926.11 $1,818,016.10 $94,866.16

* Refunds of $314.00 deducted from Income.

Bank Balances

Citizens & Southern National Bank, Athens, Georgia

$ 9 4 , 8 6 6 0 16

-256-

ALBANY STATE COLLEGE
FINANCIAL REPORT FOR THE YEAR ENDING
JUNE 30, 1949
Albany State College Albany, Georgia

ALBANY STATE COLLEGE ALBANY, GEORGIA
BALANCE SHEET June 30, 1949
ASSETS

CURRENT FUNDS A. GE N E R A L
Cash in Bank Accounts Receivable
TOTAL GENERAL FUNDS

B. A U X I L I A R Y Cash in Bank Accounts Receivable Stores (Inventories) TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

II. A G E N C Y FUNDS Cash in Bank

TOTAL AGENCY FUNDS

III.

PHYSICAL PLANT Land and Improvements Buildings Equipment

TOTAL PHYSICAL PLANT

TOTAL ASSETS

$21,545.67 19,324.12
$ 40,869.79
* 9,058.20 13,546.36 4,667.12 $ 27,271.68
$ 68,141.47
$ 1,306.20 $ 1,306.20
$ 22,400.00 435,430.00 202,779.46
$660,609.46 $730.057.13

-258-

ALBANY STATE COLLEGE ALBANY, GEORGIA

BALANCE SHEET June 30, 1949

LIABILITIES

I. C U R R E N T FUNDS

A. G E N ERAL

Accounts Payable

Purchase Orders Outstanding

Unearned Income

Surplus

,

TOTAL GENERAL FUNDS

B. AUXIL I A R Y Accounts Payable Purchase Orders Outstanding Wo r k in Progress Reserve for F.P.H.A. Funds Reserve for Unearned Income Reserve for Stores Surplus for Stores TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

II. A G ENCY FUNDS Fund Balance

TOTAL AGENCY FUNDS

III. P H Y S I C A L P L A N T Invested in Plant

TOTAL PHYSICAL PLANT

TOTAL LIABILITIES

$ 235.00 4,610.81
13,037.50 22,986.48

$ 40,869.79

S 544.00 326.16
3.716.11 1,123.54 3,478.50 4.667.12 13,416.25 ------------ $ 27,271.68
$ 68,141.47

$ 1,306.20 $ 1,306.20

$660,609.46 $660,609.46 $730,057.13

-259-

ALBANY STATE COLLEGE ALBANY, GEOBGI A
STATEMENT OF EDUCATIONAL AND GENERAL INCOME For Year Ended June 30, 1949

STUDENT FEES Matriculation Non-Resident Tuition Health Service In-Service Classes Extension Classes Summer School Other Student Fees
TOTAL STUDENT FEES
GOVERNMENTAL State of Georgia
Regular Operations Other Sources
Property Rentals Sale of Sand
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME

,535.23 13,864.36
1,159.57 7,870.50 2,125.00 27,198.43 1,935.82

82,688.91

138,075.00

570.00 2,501.25

3,071.25

$223,835.16

-260-

ALBANY STATE COLLEGE ALBANY, GEORGIA

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

Total

Object Classification

iS a l a r i e s

Operating Supplies

& Wages

& Expense

Equipment

ADMINISTRATIVE AND GENERAL Administrative Dean Business Office General Administration P r e s i d e n t 's Office R e g i s t r a r 's Office
TOTAL ADMIN. & GENERAL
STUDENT WELFARE Dean of Men Dean of Women Health Service
TOTAL STUDENT WELFARE

$ 1,780,70 $ 1,489,00 $ 291,70

8,585,14

7,541,10

492,64

7,301,52

2,293,34 4, 551,08

9,991,75

9,093,00

816,51

6,622,10

5,753,33

567,07

$ 34,281,21 $ 26,169,77 $ 6,719,00

$ 551,40 457,10 82,24 301,70
$ 1,392,44

$

342,45 $

300,00 $

348,46

300,00

988,83

733,20

$ 1,679,74 $ 1,333,20 $

42,45 48,46 255,63 346,54

PLANT OPERATIONS

$ 34,986,37 $ 13,329,99 $20,453,07 $ 1,203,31

LIBRARY

$ 12,138,58 $ 6,846,00 $ 2,087,41 $ 3,205,17

INSTRUCTION Agriculture Art Commerce Education English Health Home Economics Modern Languages Music Mathematics Physical Education Science Social Science Summer School
TOTAL INSTRUCTION

S 2,667,15 $ 2,471,63 $

90,37

2,985,25

2,700,00

140,30

6,204,94

4,800,00

521,13

17,409,36 16,175,97 1,233,39

9,878,15

9,750,00

128,15

1,828,90

1,800,00

28,90

10,695,71

7,900., 00

740,77

3,224,13

3,100,00

124,13

10,304,49

6,862,50 1,011,65

8,998,35

8 , 8 5 0 `00

112,35

5,572,64

5,200,00

217,60

11,601,28

9,831,14 1,258,04

10,755,11 10,080,00

304,61

18,949,41 18,070,00

879,41

$121,074,87 $107,591,24 $ 6,790,80

$ 105,15 144,95 883,81
2,054,94
2,430,34 36,00
155,04 512,10 370,50
$ 6,692,83

EXTENSION In-Service Classes Extension Classes
TOTAL EXTENSION

$ 3,660,00 $ 3,655,00 $

1,319,27

750,00

$ 4,979,27 $ 4,405,00 $

5,00 569,27 574,27

TOTAL EDUCATIONAL & GENERAL EXPEND, $209,140,04 $159,675,20 $36,971,09 $12,493,75

= 261-

ALBANY STATE COLLEGE ALBANY, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 30, 1949

Bookstore Dormitories
Davis Hall Gibson Hall Peace Hall B o y 's Project
Total Dormitories Dining Hall V e t e r a n 's Apartment

INCOME

TOTAL AUXILIARY INCOME

NON-INCOME Transfer from Agency Funds

TOTAL AUXILIARY ENTERPRISE RECEIPTS

EXPENDITURES

$ 11,803.99

$2,626.00 2,911.40 3,370.00 1,771.00

$ 10,678.40 66,624.35 6,954.41

$ 96,061.15

5,966.14 $102,027.29

Total

Salaries & Wages

Purchases For
Resale

Operating Supplies & Expense

Equipment L a n d ,Building & Other Improvements

Bookstore Dormitories
Davis Hall Gibson Hall Peace Hall Boy's Project
Total Dormitories Dining Hail Veterans Apartments Dormitory Plans

$ 10,353.70 $ 184.40 $10,011.79 $ 157.51

2,504.03 1,240.00

3,073.45 1,680.35

3,404.93 1,806.00

1,520.72

236.00

$ 10,503.13 $ 4,962.35

$ 70,995.16 $ 9,832.81

5,821.73 1,029.85

2,500.00

1,149.03 1,232.26 1,448.54
979.69 $ 4,809.52 $60,806.76
4,381.33

$ 115.00 160.84 150.39 305.03
$ 731.26 $ 355.59
410.55 $ 2,500.00

TOTAL AUX. EXPENDITURES $100,173.72 $16,009.41 $10,011.79 $70,155.12 $ 1,497.40 $ 2,500.00

NON-EXPENSE Transfer to F.P.H.A.

6,324.50

TOTAL AUX. DISBURSE

MENTS

$106,498.22

-262-

ALBANY STATE COLLEGE ALBANY, GEORGIA

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

CURRENT FUNDS General Auxiliary
TOTAL CURRENT FUNDS
AGENCY FUNDS
TOTAL

Cash Balance Receipts Disbursements Cash

July 1,1948 For Year

For Year

Balance

$ 6,850.55 13,529.13
120,379.68

$223,835.16 $209,140.04 $21,545.67 102,027.29 106,498.22 9,058.20
$325,862.45 $315,638.26 $30,603.87

1 6 , 4 9 8 c 18 $ 34,106.91 $ 39,298.89 $ 1,306.20

$26,877.86 $359,969.36 $354,937.15 $31,910.07

Student Activities Bus Account Athletics Campus Clubs Federal Housing Retirement Fund Withholding Tax
TOTAL AGENCY FUNDS

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1949

Balance Beginning
Of Year

Balance

R e c e i p t s ]Disbursements End

For Year

For Year Of Year

CM
VO
CM
h-
00 00
m
o
ro CO
1

$ - 485.06 - 254.68 1,062.21 212.87 5,966.14

$ 9,791.87 1, 169.71 9,596.75 227.61
5,191.32 8,129.65

1,178.82 9,601.91
361.73 5,966.14 5,191.32 8,126.35

$ 434.19 -263.79
1,057.05 78.75

$ 6,498.18 $34,106.91 $39,298.89 $1,306.20

263 =

ALBANY STATE COLLEGE ALBANY, GEORGIA
STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1949
A. LAND Campus
B. B U I L D I N G S Veterans Ho u s i n g Units (5 buildings) Hazard Training School Caroline Hall and Science Building Dining Hall Gibson Hall Peace Hall Margaret Hazard Library J.S. Davis Hall Boy's Dormitory Cottages (4 buildings) Farm House N.Y.A, Shop Bath House President's Home President's Garage Laundry Maintenance Shop Barn Classroom Buildings TOTAL BUILDINGS
C. EQUIP M E N T Administrative Offices Physical Plant Library Instructional Departments Dormitories Dining Hall TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

Investment End
Of Year
S 22,400.00
$ 50,000.00 40,000.00 90,000.00 70,000.00 30,000.00 45,000.00 21,000.00 34,000.00 8,000.00 3,000.00 1,200.00 1,200.00 750.00 12,000.00 315.00 315.00 900.00 750,00 27,000.00
1435,430,00
$ 16,307,58 7.093.57
83,900.93 64,971.77 19,716.82 10,788,79 $202,779.46
$660,609.46

-264-

FORT VALLEY STATE COLLEGE
FINANCIAL REPORT FOR THE YEAR ENDING
June 30, 1949
Fort Valley State College Fort Valley, Georgia

THE FORT VALLEY STATE COLLEGE FORT VALLEY, G EO RG IA

BALANCE SHEET June 30, 1949
ASSETS

I, CURRENT FUNDS A. G E N E R A L Cash in Bank Accounts Receivable TOTAL GENERAL FUNDS

B. R E S T R I C T E D Cash in Bank TOTAL RESTRICTED FUNDS

C. AUXIL I A R Y Cash in Bank Accounts Receivable Due from General Funds Inventories TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

II. A G E N C Y FUNDS Cash in Bank
TOTAL AGENCY FUNDS

III.

ENDOWMENT FUNDS Cash in Bank Investments
U.S. Securities Preferred and Common Stock Fort Valley State College Dormitor

TOTAL ENDOWMENT FUNDS
IV. ST U D E N T LOAN FUNDS Cash in Bank U.S. Securities
TOTAL LOAN FUNDS V. P H Y S I C A L P L A N T
Land and Improvements Buildings Equipment
TOTAL PHYSICAL PLANT

TOTAL ASSETS

$ 19,093.29 6,674.37 $ 25,767.66

$ 9,956.46 $ 9,956.46

S 39,274.67 1,925.89 1,912.00 2,212.46 $ 45,325.02
$ 81,049.14

$ 5,845.91 S

5,845.91

$ 2,965.69

$ 36,100.00 12,026.46 13,450.44 $ 61,576.90 $

64,542.59

$

50.00

500.00

$

550.00

$ 22, 102.00
766,022.00 220,131.34
$1,008,255.34
$1,160,242.98

-266-

THE FORT VALLEY STATE COLLEGE FORT VALLEY, GEORGIA

BALANCE SHEET June 30, 1949
LIABILITIES

I. CURRENT FUNDS A. G E NERAL Accounts Payable Due to Auxi l i a r y Funds Unearned Income General Surplus TOTAL GENERAL FUNDS
B. R E S T R I C T E D Fund Balance TOTAL RESTRICTED FUND
C. A U X I L I A R Y Accounts Payable Reserve for Work in Progress Reserve for Inventories Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS
II. A G E N C Y FUNDS Fund Balance
TOTAL AGENCY FUNDS
III. E N D O W M E N T FUNDS Fund Balances
TOTAL ENDOWMENT FUNDS
IV. STUDENT LOAN FUNDS Fund Balance
TOTAL LOAN FUNDS
V. P H Y S I C A L PLA N T Due to Endowment Funds Invested in Plant
TOTAL PHYSICAL PLANT
TOTAL LIABILITIES AND SURPLUS

S 8,011.73 1,912.00
16,376.28 - 532.35

$ 25,767.66

$ 9,956.46 $ 9,956.46

$ 2,131.21 20,806.55 2,212.46 20,174.80 $ 45,325.02
$ 81,049.14

S 5,845.91 $

5,845.91

$ 64,542.59 $

64,542.59

$

550.00

S

550.00

$ 13,450.44 994,804.90
$1,008,255.34
$1,160,242.98

-267 =

TBE FORT VALLEY STATE COLLEGE FORT VALLEY, GEORGIA

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

STUDENT FEES Non-Resident Tuition Matriculation Saturday and Evening Classes Health Service Summer Session Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Vocational Funds United States Morrill-Nelson Division of General Extension
TOTAL GOVERNMENTAL FUNDS
GIFTS AND GRANTS U.S. Office of Education Carnegie Corporation Sears Roebuck and Company
TOTAL GIFTS AND GRANTS
OTHER SOURCES Fire Loss Recovery Property Rentals
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME
NON-INCOME Transfer from Endowment Funds
TOTAL EDUCATIONAL & GENERAL RECEIPTS

General Income

Restricted Income

Total Income

$ 20,284= 61 $ 43,705.60 13,901.50 5,760.00 34,785.39 4,910.81
$123,347.91

$ 20,284.61 43,705.60 13,901.50 5,760.00 34,785.39 4,910.81
$123,347.91

$184,275.00 49,922.50
35,216.98 1,600.00
$271,014.48

$184,275.00 49,922.50
35,216.98 1,600.00
$271,014.48

$

150.00

$

150.00

o o
o o o
""Sf*

$

4,000.00

800.00

800.00

GO O O
o o

$

150.00 $

$ 4,950.00

$ 2,798.20 $ 6,740.25 $ 6,740.25 $ 2,798.20

$ 2,798.20 6,740.25
$ 9,538.45

$401,252.64 $ 7,598.20 $408,850.84

$ 1,912.00

$ 1,912.00

$403,164.64 $ 7,598.20 $410,762.84

-268-

THE FORT VALLEY STATE COLLEGE FORT VALLEY, GEORGIA

ADMINISTRATIVE AND GENERAL Administrative Dean Business Office General Administration P r e s i d e n t 's Office R e g i s t r a r 's Office
TOTAL ADMIN. & GENERAL
STUDENT WELFARE Dean of Men Dean of Women Infirmary
TOTAL STUDENT WELFARE
PLANT OPERATIONS
LIBRARY
INSTRUCTION Agriculture Art Business Education Education English Health Education Home Economics Industrial Arts Modern Languages Music Nursery School Sciences Social Sciences Summer Schoo 1
TOTAL INSTRUCTION

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

General

Restricted

Salaries & Wages

Object Classification

Operating

Land, Build-

Supplies

Equipment ings & Other

& Expense

Improvements

$ 7,169,92 12,216,26 19,648,50 $ 8,111,32 9,581,12
$ 56,727,12 $

800.00 800.00

$ 6,800.00 $ 369.92

11,197.00

804.11 $

3,823.00 16,625.50

7,924.00

187.32

8,139.66 1,300.46

$ 37,883.66 $19,287.31 $

215.15
141.00 356.15

$ 2,656,90 1,853,45 5,302,19
$ 9,812.54
$ 84,880,88 $ 914.11
$ 8,314,87

$ 2,083.30 $ 315.73 $

1,625.00

228.45

3,850.00 1,296.71

$ 7,558.30 $ 1,840.89 $

257.87
155.48 413.35

$ 45,431.66 $31,475.22 $ 5,538.11 $3,350.00

$ 4,416.63 $ 3,898.24

$ 44,073,12 3,398,83
11,234.87 12,248.04 $1,243.12 12,700.41
9,412.63 20,020.06
5,910.46 2,117.20 15,779.33
361.51 20,476.59
6,910.20 19,917.25 $ 1 8 4 , 5 6 0 50 $1,243.12

$ 26,738.99 $12,058.34

2,650.00

748.83

8,550.00

536.49

11,675.00

573.04

11,866.67

812,81

8,150.00

582.39

15,832.09 1,335.02

4,500.00 1,038.96

2,100.00

17.20

10,360.00 1,654.53

361.51

15,740.00 4,390.05

6,550.00

360.20

16,362.35 3,554.90

$141,075,10 $28,024.27

$ 5,275.79
2,148.38 1,243.12
20.93 680.24 2,852.95 371.50
3,764.80
346.54
$16,704:25

THE FORT VALLEY STATE COLLEGE FORT VALLEY, GEORGIA

STATEMENT OF EDUCATIONAL & GENERAL EXPENDITURES For Y e a r Ended June 30, 1949

General

Restricted

Salaries & Wages

Object Classification

Oper ating

Supplies

Equipment

& Expense

Land, Build ings & Other Improvements

extension' In service Classes Vocational Education Division of Extension
TOTAL EXTENSION

$ 6,280.00 45,023.27 1,614.84
$ 52,918.11

$ 6,280.00 32,935. 91 1,600.00
$ 40,815.91

$12,087. 36 14.84
$12,102.20

OTHER Carnegie Fellowships
TOTAL EDUCATIONAL & GENERAL EXPENDITURES

$ 1,000.00 $1,118.80

$ 2,118.80

$398,214.02 $4,076.03 $277,181.26 $98,746.93 $23,011.86 $3,350.00

NON-EXPENSE Transfer to Auxiliary Enterprise

7 , 6 2 1 . 5 0 _____________

TOTAL EDUCATIONAL & GENERAL DISBURSEMENTS

$405,835.52 $4,076.03

"0 L Z -

THE FORT VALLEY STATE COLLEGE FORT VALLEY, GEORGIA

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year Ended June 30, 1949

INCOME

Bookstore Dormitories :
Davison Hall Huntington Hall Jeanes Hall Ohio Hall
Total Dormitories Dining Hall Farm Laundry

S 19,0 6 4 ,, 45

$ 7,010.58 4,866.37 1,273.42 5,272.70

$ 18,423.07 119,802.70 14,708.63 6,475.12

TOTAL AUXILIARY INCOME

$178,473.97

Board of Regents

18,000.00

TOTAL INCOME

$196,473.97

NON-INCOME Loan from Endowment Funds Transfer from General Funds

11,538.44 7,621.50

TOTAL AUXILIARY RECEIPTS

$215,633.91

Total

EXPENDITURES

Purchases

Salaries

For

& Wages

Resale

Operating Supplies Equipment & Expense

Land, Buildings & Other Improvements

Bookstore Dormitories:
Davison Hall Huntington Hall Jeanes Hall Ohio Hall
Total Dormitories

$ 18,077.84 $ 275.00

39,510.89 4,980.21 1,569.99 6,483.28
$ 52,544.37

3,454.00 2,561.30
598.75 3,156.45 $ 9,770.50

$17,802.84

$ 2,514.22 $13,298.26 $20,244.41

2,418.91

971.24

3,275.13

51.70

$ 9,179.50 $13,349.96 $20,244.41

Dining Hall Farm Laundry Rehabilitation of Plant

$110,568.34 12,143.53 5,532.34 1,435.17

$20,247.02 5,795.12 5,195.50

$ 89,396.34 * 6,243.41 278.64 1,435.17

924.98 105.00
58.20

TOTAL AUX. EXPENDITURES $200,301.59 $41,283.14 $17,802.84 $106,533.06 $14,438.14 $20,244.41

-271-

TEE FORT VALLEY STATE COLLEGE FORT VALLEY, GEORGIA

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

Balance of Principal, beginning of Year
Additions: 1. Gifts & Grants from Pri v a t e Sources 2. Income on Investments 3. Gain on sale of Investments Total Additions
Deductions: lo Loss on sale of Investments 2. Expended for Purpose of Trust 3. Expenses of Trust Total Deductions
BALANCE OF PRINCIPAL, END OF YEAR

Endowment Fund

Loan Funds

$41,752.32 $ 537,50

24, 591. 83

1,746,83

12. 50

823,40

$27,162,06 $ 12. 50

$ 549,56 810,00
3,012,23 $ 4,371,79
$64,542,59 $

o o o m m

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

Fund Balance Beginning Of Additions
Year

Fund Balance

Deductions

End of

Year

ENDOWMENT FUNDS General Fund George Leask Fund
TOTAL ENDOWMENT FUNDS
LOAN FUNDS William Hubbard Fund

$41,752.32
---
$41,752.32

$ 2,570.23 24,591.83
$27,162.06

$ 1,359.56 3,012.23
$ 4,371.79

$42,962.99 21,579.60
$64,542.59

$ 537.50 $

12.50

$ 550.00

TOTAL TRUST FUNDS

$42,289.82 $27,174.56 $ 4,371.79 $65,092.59

-272-

THE FORT VALLEY STATE COLLEGE FORT VALLEY, GEORGIA

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

ENDOWMENT FUNDS

Governmental Bonds

UoSo Treasury

2-3/4%

UoSo Treasury, Series G 2-1/2%

U.S. Treasury

2-1/4%

Stocks Borg-Warner Corporation, 50 shares Trust Com p a n y of Georgia, 15 shares

Other Fort Yalley State College Dormitory
TOTAL ENDOWMENT FUNDS
LOAN FUNDS Governmental Bonds
U.S. Treasury, Series G 2-1/2%
TOTAL TRUST FUND INVESTMENTS

Book Value

Market Value

S 1,600 00 $ 1,600.00 31,500.00 31,500.00 3,000.00 3,021.00
$36,100.00 $36,121.00
$ 2,276.46 $ 2,612.50 9,750.00 17,250.00
$12,026.46 $19,862.50
tl3,450.44 $13,450.44
$61,576.90 $69,433.94

$ 500.00 $ 476.00 $62,076.90 $69,909.94

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

Carnegie Foundation Julius Rosenwald Fund GEB - Education for Production Rehabilitation of Plant Sears Roebuck Scholarships Fire Damage Repairs
TOTAL

Balance Beginning
Of Year

Receipts For Year

Disbursements
For Year

Balance End
Of Year

$3,910.37 300.00
1,243.12 980.80

$4,000.00
800.00 2,798.20

$1,118.80
1.243.12 914.11 800.00

$6,791.57 300.00
66.69
2,798.20

$6,434.29 $7,598.20 $4,076.03 $9,956.46

273

THE FORT VALLEY STATE COLLEGE FORT VALLEY, GEORGIA

STATEMENT OF CHANGES IN CASH BALANCES For Year En d e d June 30, 1949

CURRENT FUNDS General Restricted Auxiliary
TOTAL CURRENT FUNDS
AGENCY FUNDS
TRUST FUNDS Endowment Loan
TOTAL TRUST FUNDS #
TOTALS

Cash Balance Receipts Disbursements Cash Balance

J u l y 1, 1948 For Year

For Year June 30, 1949

$21,764.17 6,434.29
23,942.35 $52,140.81

$403,164.64 7,598.20
215,633.91 $626,396.75

$405,835.52 4,076.03
200,301.59 $610,213.14

$ 4,178.06 $ 29,347.86 $ 27,680.01

$19,093.29 9,956.46
39,274.67 $68,324.42
$ 5,845.91

$ 3,223.11 $ 35,080.37 $ 35,337.79

37.50

12.50

$ 3,260.61 $ 35,092.87 $ 35,337.79

$59,579.48 $690,837.48 $673,230.94

$ 2,965.69 50.00
$ 3,015.69
$77,186.02

BANK BALANCES
Bank of Fort Valley Fulton National Bank

$ 76,005.65 1, 180.37
$ 77, 186.02

Alumni Association Athletic Association Faculty Gift Fund Fraternities Room Deposits Student Activities Student Deposits
TOTAL AGENCY FUNDS

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1949

Balance Beginning
Of Year
$ 737.09 924.58 2. 17 49.42 87.50
1,829.74 547.56
$4,178.06

Receipts Disbursements Balance End

For Year

For Year

Of Year

$ 195.95 19,462.92 192.00 172.18 2,338.50 4,283.91 2,702.40

$ 162.15 19,024.55 134.64 214.60 2,054.94 3,347.03 2,742.10

$ 770.89 1,362.95 ' 59.53 7.00 371.06 2,766.62 507.86

$29,347.86 $27,680.01 $5,845.91

-274-

THE FORT VALLEY STATE COLLEGE FORT VALLEY, GEO RG IA

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

Investment Year Beginning Acquire d Of Year

Additions

LAND

Campus 97 Acres

1895

Farm 50 acres

1940

Farm 219.65 Acres

1943

TOTAL LAND & IMPROVEMENTS

$ 9,765.00 3,075.00 9,262.00
I 22,102.00

BUILDINGS Library & Office Building Anna Jeanes Hall Huntington Hall Robert W. Patton Hall Laundry Home Management House Samuel H. Bishop Dining Hall Academic Building Peabody Trade Building Agriculture Classroom Bldg, Farm Buildings
Mule & Feed Barn Dairy Barn Potato House No,1 Potato House No.2 One Laying House One Brooder House Cannery Farm Dwelling No.1 Farm Dwelling No.2 Farm Dwelling No.3 Farm Dwelling No.4 Farm Dwelling No.5 Farm Barn No.1 Farm Barn No,2 Farm Dwe l l i n g No. 6 Davison Hall Brooklyn Cottage Infirmary Athletic Field House Beauty Parlor P r e s i d e n t 's Home Richardson Cottage Harris Cottage The Inn Coop No.1 Coop No,2 Garage No,1 Garage No.2

1925 1903 1908 1937 1916 1941 1932 1929 1926 1947

$ 27,500.00 6,000.00
16,650.00 49,050.00
2,900.00 3,000.00 50,000.00 120,600.00 32,000.00 30,000.00

1948 1920 1934 1940 1915 1900 1920 1924 1924 1941 1941 1940 1940

7,000.00 3,000.00
540.00 400.00 300.00 200.00 100.00 360.00 250.00 340.00 486.00 450.00 270.00 450.00 270.00 217,000.00 800.00 18,000.00 500.00 250.00 15,700.00 1,850.00 3,600.00 2,700.00 2,700.00 2,700.00 1,810.00 825.00

Deduc tions

Investment End
Of Year

$ 9,765.00 3,075.00 9,262.00
$ 22,102.00
$ 27,500.00 6,000.00
16,650.00 49,050.00
2,900.00 3,000.00 50,000.00 120,600.00 32,000.00 30,000.00
7,000.00 3,000.00
540.00 400.00 300.00 200.00 100.00 360.00 250.00 340.00 486.00 450.00 270.00 450.00 270.00 217,000.00 800.00 18,000.00 500.00 250.00 15,700.00 1,850.00 3,600.00 2,700.00 2,700.00 2,700.00 1,810.00 825.00

27 5-

THE FORT VALLEY STATE COLLEGE F O RT VALLEY, G E O R G IA

STATEMENT OF INVESTMENT IN PLANT For Year E nded June 30. 1949

B U I L D I N G S ( C o n t 'd) Stevens Cottage Ohio Hall Usher Cottage
TOTAL BUILDINGS
C .EQUIPMENT Administrative Offices Physical Plant Library Dormitories Dining Hall Farm TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

Year Acquired

Investment Beginning Of Year

Additions

Deductions

Investment End
Of Year

1938 1930 1934

$ 1,105.00. 100,000.00 4,366.00
$726,022.00

$ 1,105.00 100,000.00 4,366.00
$726,022.00

$ 11,566.38 84,768.01 22,896.00 15,586.37 11,073.36 21,267.82
$167,156.86
$915,280.86

$ 873.52 25,007.83 17,785.45 4,005.87 1,220.08 4,081.73
$52,974.48
$52,974.48

$ 12,439.90 109,775.84 40,681.45 19,592.24 12,292.36 25,349.55
$220,131.34
$968,255.34

-276 =

GEORGIA STATE COLLEGE FINANCIAL REPORT FOR THE YEAR ENDING JUNE 30, 1949
Georgia State College Savannah, Georgia

GEORGIA STATE COLLEGE SATANNAH, GEORGIA

BALANCE SHEET June 30, 1949

ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand and in Bank Accounts Receivable Due from Agency Funds
TOTAL GENERAL FUNDS

$-21,877.19 20,329.98 2,259.63 $

712.42

B. AUXILIARY ENTERPRISES Cash on Hand and in Bank Accounts Receivable Due from Agency Funds Stores (Inventories) TOTAL AUXILIARY FUNDS

$ 5,897.47 5,889.09 3,823.24 5,378.59 S 20,988.39

TOTAL CURRENT FUNDS

$ 21,700.81

II. AGENCY FUNDS Cash in Bank

$ 1,461.46

TOTAL AGENCY FUNDS

$ 1,461.46

III. PLANT FUNDS Land and Improvements Buildings Equipment

$126,495.34 943,531.00 252,678.65

TOTAL PLANT FUNDS

$1,322,704.99

TOTAL ASSETS

$1,345,867.26

-278-

GEORGIA STATE COLLEGE SAVANNAH, GEORGIA

BALANCE SHEET June 30, 1949

LIABILITIES

CURRENT FUNDS A. GE N E R A L
Accounts Payable Reserve for Unearned Income Reserve for Insurance Collection Deficit
TOTAL GENERAL FUNDS

$16,874.56 7,067.80 378.12
-23,608.06 $

712.42

B. A U X I L I A R Y ENTERPRISES Accounts Payable Reserve for Stores Deficit TOTAL AUXILIARY FUNDS

$27,651.33 5,378.59
-12,041.53 $

20,988.39

TOTAL CURRENT FUNDS

$

21,700.81

II. A G E N C Y FUNDS Due to General Funds Due to Auxiliary Enterprises Fund Balance

$

2,259.63

3,823.24

-4,621.41

TOTAL AGENCY FUNDS

$

1,461.46

III.

PLANT FUNDS Due to Univo of Georgia Endowment Funds Invested in Plant

$ 28,813.88 1,293,891.11

TOTAL PLANT FUNDS

$1,322,704.99

TOTAL LIABILITIES

$1,345,867.26

4

279"

GEORGIA STATE COLLEGE SAVANNAH, GEORGIA

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

STUDENT FEES Non-Resident Tuition Matriculation Health Service Summer Session Fees Other Student Fees
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Regular Operations Chatham County Board of Education Division of General Extension Division of Vocational Education U.S. Post Office
TOTAL GOVERNMENTAL FUNDS
SALES AND SERVICES Carpentry Shop Shoe Shop
TOTAL SALES AND SERVICES
OTHER SOURCES Rents from Property General and Miscellaneous
TOTAL FROM OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME

Total Income
$ 98,092.58 77,543.41 10.252.77 52,205.89 13.333.78
$251,428.43

$200,143.96 9,196.40 2.500.00 2.700.00 2.700.00
$217,240.36

$

2.08

145.05

$

147.13

$ 5,204.67 848.49
$ 6,053.16
$474,869.08

"280-

GEORGIA STATE COLLEGE

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

ADMINISTRATIVE AND GENERAL Business Office P r e s i d e n t 's Office Dean of Faculty R e g i s t r a r 's Office Post Office General Expense
TOTAL ADMIN, & GENERAL
STUDENT WELFARE Coord, of Perso Service Dean of Men Dean of Women Health Service
TOTAL STUDENT WELFARE
PHYSICAL PLANT
LIBRARY
INSTRUCTION Agriculture Arts & Sciences Biology Business Chemistry Education English Fine Arts Health & Physical Education Home Economics Industrial Arts Languages Mathematics Physics Social Science Summer School Training School
TOTAL INSTRUCTION
FARM
EXTENSION

General

Salaries & Wages

Object Classification

Operating

Land, Build=

Supplies Equipment ings & Other

& Expense

Improvements

$ 18,082,62 $ 16,096,65 $ 918,12 $ 923,35 $

10,506,74

8,742,24 1,082,75

681,75

7,526,51

5,082,00 2 374,39

70, 12

12,956,81 11,924,39

700,62

331,80

2,639,06

2,417,14

122 p42

99, 50

14,891,84

4,338,68 1 0 f292,02

261,14

$ 66,603,58 $ 48,601,10 $15,490,32 $ 2,367,66 $

144,50 144,50

$ 2,753,12 $ 2,363,00 $

3,562,32

3,364,10

4,800,39

4,595,65

5,354,81

4,613,80

$ 16,470,64 $ 14,936,55 $

124,42 $ 198,22 204,74 427,42 954,80 $

265,70
313,59 579,29

$ 94,896,50 $ 45,566,61 $31,494,74 $ 6 980 94

$ 14,047,94 $ 8,828,35 $ 536,06 $ 4 683,53

10,854,21

$ 10,690,00 $ 10,064,00 $

6,537,06

4,350,50

358,67 $ 267,33 400,07 1,786,49

10,013,14

7,334,50

864,17 1, 814,47

10,081,15

8,695,42

294,58

911,15 $ 180,00

7,120,95

6,179,75

790,96

150,24

16,935,92 16,004,12

931,80

23,093,34 21,543,34

163,88 1,386,12

11,370,79 15,957,09

10,006,50 13,387,50

669,24 98,65

629,05

66,00

2,470,94

16,455,75 14,918,00

581,37

876,19

80, 19

66,055,53 47,026,12 16, 349,72 2,338,54

341,15

2,722,84

2,600,00

122,84

8,085,20

7,850,00

114,07

121, 13

8,279,15

6,850,00

143,28 1,285,87

15,767,67 15,700,00

67,67

34,449,15 33,758,33

690,82

12,362,67 11,889,46

130,31

342,90

$275,977,40 $238,157,54 $22,772,10 $11,909,48 $ 3,138,28

$ 2,837,43 $ 1,180,00 $ 1,335,65 $ 303,52 $

18,26

$ 14,414,26 $ 13,721,55 $ 501,41 $ 191,30

TOTAL EDUCo & GENERAL EXPENDITURES
NON-EXPENSE Inter-Fund Transfer

$ 4 8 5 , 2 4 7 ,,75 $370,991,70 $73,085,08 $27,015,72 $14,155,25 $ 3 8432,81

TOTAL EDUCo & GENERAL DISBURSEMENTS

$488,680,56

= 281=

GEORGIA STATE COLLEGE SAVANNAH., G E O R G I A

STATEMENT OF AUXILIARY ENTERPRISE OPERATIONS For Year En d e d June 30, 1949

INCOME

College Inn Faculty Apartments - Parsons Hall Dormitories$
Boggs Hall Hill Hall Hubert Hall
Total Dormitories Dining Hall Farm Laundry Board of Regents
TOTAL AUXILIARY INCOME
Non-Income Loan - Univ. of Georgia Endowment Funds Transfer from General Funds
TOTAL AUXILIARY RECEIPTS

$ 90,365.74 2, 393o 74

$ 1,268,67 9,291,50
10,463,39

$ 21,023,56 101,722,95 5,967,65 7,699,17 11,627,00

$240,799,81

$30,000,00 1,409,00 $ 31,409,00 $272,208,81

College Inn Dormitories:
Boggs Hall Hill Hall Hubert Hall Dining Hall Farm Laundry Parsons Hall
TOTAL AUX. EXPENDITURES

EXPENDITURES

Total

Salaries Purchases

& Wages

For

Resale

Operating Supplies & Expense

Equipment Land, Buildings & Other Improvements

$ 67,186.55 $ 8,882.26 $ 56,202,10 $ 1,981.84 $ 120.35

2,375.81 8,207.35 10,501.64 106,192.81 8,747.83 12,147.78 46,48S. 68

1,642.50 2,946.58 7,204.50 20,653.25 3,288.65 9,655.66

74,690.44

733.31 2,242.65 2,681.83 5,793.62 5,339.18 1,476.56 1,917.90

123.32 415.86 3,787.30 120.00 951.21

$ 2,894.80 9.45
1,268.20
64.35 44,567.78

$261,845.45 $54,463.40 $130,892.54 $22,166.89 $5,518.04 $48,804.58

NON-EXPENSE Transfer to Agency Repayment of Loan

$ 8,025,39 1,186,12

TOTAL AUX, DISBURSEMENTS $271,056.96

- 282-

GEORGIA STATE COLLEGE SAVANNAH, GEORGIA

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

Balance Beginning
Of Year

Receipts For Year

Disbursements For
Year

Balance End
Of Year

CURRENT FUNDS General Auxiliary
TOTAL CURRENT FUNDS
AGENCY FUNDS
TOTAL

$ - 8 , 065 71 4, 745 62
$-3,320,09

$474,869,08 272,208,81
$747,077,89

$488,680,56 $-21,877. 19

271,056,96

5,897.47

$759,737.52 $-15,979.72

$10,198,68 $105,689,66 $114,426.88 $ 1,461.46

$ 6,878,59 $852,767,55 $874,164.40 $-14,518.26

BANK BALANCES

Liberty National Bank and Trust Company Savannah, Georgia: Educational & General Revenue Collections Auxiliary Enterprises Agency Funds Petty Cash Account

$"-29,286 50 7,06780 5,84417 1,31627
_______ 54000. $-14,518 26

STATEMENT OF AGENCY FUNDS For Year E n d e d June 30, 1949

Campus Chest Class Accounts Due from Other Funds Faculty Insurance Returned Checks Scholarships Student Bank Student Activity, Clubs, etc. Teachers' Retirement Withholding Tax Collections
TOTAL AGENCY FUNDS

Balance Beginning
Of Year

Receipts Disburse-

For

ments For

Year

Year

Bal ance End
Of Year

$

92.82

192.39

-4,054.40

3.76

-79.00

375,00

1,292,88

1,862.94

2,123.79

8,388.50

$ 1,275.77 $ 1,367.00 $

2,612.84

2,737.74

36,107.61 25,970.34

3.76

50.50

17.50

1,666.00

2,041.00

43.75

870.68

37,010.00 44,068.47

11,200.55 13,202.55

15,722.64 24,147.84

1.59 67.49 6,082.87
=46.00
465.95 5,195.53
121.79 -36.70

$10,198.68 $105,689.66 $114,426.88 $ 1,461,46

= 283-

GEORGIA STATE COLLEGE 'SAVANNAH , GEORGIA

LAND Campus Off-Campus
TOTAL LAND
BUILDINGS Herty Hall Meldrim Hall Wilcox Gymn College Inn Infirmary Hammond Hall Dormitories
Boggs Hall Hill Hall Hubert Hall Dining Hall Barbecue Pit Brooder House Community House Parsons Hall Cottage No.1 Cottage No.2 Cottage No.3 Cottage No.4 Cottage N o 05 Cottage No.6 Cottage No.7 Cottage No.8 Creamery Dairy Barn Farmshop & Cannery Fine Arts Incubator House Information House Laying House No.l Laying House No.2 Masonry Shop Morgan Hall Trades Building Paint Shop White Hall Athletic Field Band Stand

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

Year Acquired

Investment Beginning
Of Year

Additions

Deductions

Investment End Of Year

1890

$114,000.00 400.00
$114,400.00

1938 1923 1934 1947 1947 1908
1890 1905 1937 1932 1941 1938 1938 1890 1903 1908 1908 1931 1932 1908 1908 1936 1914 1921 1938 1947 1938 1938 1939 1939 1939 1936
1938 1921 1948

$ 45,000.00 87,400.00 59,770.00 11,500.00 18,675.00 7,500.00

$ 16,500.00 36,220.00 20,831.00
3,150.00

6,600.00 89,400.00 107,700.00 47,700.00
500.00 3,200.00 9,500.00 6,600.00 4,500.00 4,000.00 4,500.00 2,500.00 2,900.00 4,500.00 4,475.00 3,500.00 3,000.00 6,600.00 12,000.00 20,250.00 3,700,00
500.00 500.00 500.00 3,200.00 29,000.00 23,000.00 3,200.00 9,000.00

2,980.00 32,820.00 35,310.00 17,210.00
150.00 1,800.00 3,850.00 48,980.00 2,500.00 2,200.00 3,350.00 1,, 250.00 6,000.00 1,650.00 4,400.00 2,550.00 1,000.00 1,980.00 3,600.00
1,010.00 150.00
1,460.00 8,700.00 6,900.00 1,460.00 2,900.00 3,000.00
600.00

$114,000.00 400.00
$114,400.00
$ 61,500.00 123,620.00 80,601.00 11,500.00 18,675.00 10,650.00
9,580.00 122,220.00 143,010.00
64,910.00 650.00
5,000.00 13,350.00 55,580.00
7,000.00 6,200.00 7,850.00 3,750.00 8,900.00 6,150.00 8,875.00 6,050.00 4,000.00 8,580.00 15,600.00 20,250.00 4,710.00
650.00 500.00 500.00 4,660.00 37,700.00 29,900.00 4,660.00 11,900.00 3,000.00 600.00

>284=

GEORGIA STATE COLLEGE SAVANNAH, GEORGIA

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

Investment Year Beginning Acquired Of Year

Additions

Deductions

Investment End Of Year

B U I L D I N G S ( C o n t 'd) Garage Plumbing Shop Powell Hall Shoe Shop Storage House
TOTAL BUILDINGS

1948 1935 1920 1939

$ 11 400,00 1,000,00 100,00
$658 870,00

$ 500,00 300,00
3,900,00 3,100,00
400,00 $284,661,00

$

500.00

300.00

15,300.00

4,100.00

500.00

$ 943,531.00

OTHER IMPROVEMENTS Water System Telephone System
TOTAL IMPROVEMENTS

$ 11,295,34 800,00
$ 12,095,34

$ 11,295.34 800.00
$ 12,095.34

EQUIPMENT Administrative Offices Physical Plant Library Instructional Departments Extension Laundry Dormitories;
Boggs Hall Hill Hall Hubert Hall Teachers -'-Women Teachers Men Dining Hall Community House College Inn Cafeteria Book Store Infirmary Student Activities Post Office Farm
TOTAL EQUIPMENT

$ 7,610,96 4,051,12
29,535,49 103,688,29
318,55 12,994,50

$ 5,231,89 29,840,38
127,45 1,976,50

$1,097,49 4,844,74

$ 12,842.85 33,891.50 28,438.00 98,843.55 446.00 14,971.00

1174,50 2,761,00 7,987,15
3,745,80 3,253,00

2,031,90 2,470,07 4,239,11
704,12 11,483,20
803,46

124,50

1,050.00 4,792.90 10,457.22 4,239.11
704.12 15,229.00
4,056.46

4,730,50

109,60

931,75

42,75

1,651.52

841,28

6,019,64

153,00

8,236,90

$184,434,13 $ 74,311,25

$6,066,73 $

4,840.10 974.50
2,492.80 6,019.64
153.00 8,236.90 252,678.65

fAL INVESTMENT IN P L A N T

$957,704,13 $371,067,59 $6,066,73 $1,322,704,99

Note; Increases also include adjustments in values*,

- 285 =

GA U500.R4S|
F5

J

EJ

UNIVERSITY OF GEORGIA LIBRARIES

3 5 Ofl 537A STSS