Bs pi l^ / H 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 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 .. " j a r '"""y 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 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