J'*t*4 U S ' O ^ ^ S/ p?& IM -S o A3 // U N I V E R S I T Y S Y S T E M OF G E O R G I A K |f H FINANCIAL REPORT FOR THE YEAR ENDING JUNE 3 0 , I 95O f + * * w I# R egents o f th e U n iv e rs ity System of G eorgia 20 Iv y S t r e e t , S* E. f A tla n ta , G eorgia # n VB I REGENTS* UNIVERSITY SYSTEM OF GEORGIA 20 IVY STREET, S . E . - ROOM ljOO ~ ATLANTA DISTRICT S ta te a t Large REGENT M rs. W illiam T. H ealey January 18, 1950 * January 1, 1953 ADDRESS 277h Andrew s D r . , HW, A tlanta S ta t e a t L arg e Jo h n J . MoDonough Jan u ary 1, 1950 - January 1, 1957 G eo rg ia Power Company, Rome S t a t e a t L arg e F ra n k M. S p r a t l i n J a n u a r y 1 , I 9U6 - J a n u a r y 1 , 1953 78 M a r i e t t a S t . , NW, A tlanta H ave you cheeked, to be sure, v^lurpe ir.com plete, wiHr^aff issuesrbydeif- and title page? Im perfect volum es delay return of binding. Thanks. S ta te a t Large Hughes S palding 4-3^4- T r u s t C o. o f G a. B l d g ., J a n u a r y 1 0 , I 9I49 - J a n u a r y 1 , 1956 A tlanta S ta te a t Large C arey W illiam s J a n u a r y 1 0 , 19^+9 - J a n u a r y 1 , 1955 G reen sb o ro F irst James P eterso n J a n u a r y 1 0 , I 9I+9 - J a n u a r y 1 , 1955 S o p e rto n H. L. W ingate J a n u a r y 1 , 19U7 - J a n u a r y 1 , 195U 307 Bibb B u ild in g , Macon Cason J . C allaw ay J a n u a r y 1 , 19^4+ - J a n u a r y 1 , 1951 H am ilton F ourth R obert 0 . A rnold J a n u a r y 1 0 , 19^+9 - J a n u a r y 1 , 1956 C o v in g to n F ifth R utherford L. E llis Jan u ary 1, 19^7 - Jan u ary 1, 195^ P . 0 . Box 1111, A tlanta S ixth C harles J . Bloch Jan u a ry 7 , 1950 - Jan u ary 1 , 1957 6ll+-18 P ersons B u ild in g , Macon S e v e n th Roy N. Emmet J a n u a ry 1 , 19U5 " J a n u a ry 1 , 195? C edartow n E ighth F ran cis Stubbs, S r. January 12, 1950 - Jan u ary 1, 1957 D ouglas N inth Sandy Beaver January 1, 19^5 " Jan u ary 1, 1952 G ainesville T en th W illiam S. M orris J a n u a r y 1 , I 9I4U - J a n u a r y 1 , 1951 A ugusta OFFICERS OF THE BOARD OF REGENTS C hairm an ............................................................... Hughes S p a ld in g V ic e C h a i r m a n ............................. .R obert 0 . Arnold C h a n c e l l o r ...................................... . . Harmon W. C a ld w e ll A s s i s t a n t To t h e C h a n c e l lo r . . . . . . John E . Sim s E xecutive S ec re ta ry . L. R. S ieberfe^T T r e a s u r e r . W. W ilso n N o d e s' .... ' l y libraries - 5- GE0RG% REGENTS* UNIVERSITY SYSTEM OF GEORGIA 20 IVY STREET, 8 . B . - ROOM ljOO - ATLANTA DISTRICT S ta te a t Large REGENT Mrs* W illia m T . H e aley Jan u ary 18, 1950 - Jan u ary 1, 1953 ADDRESS 277I+ Andrews D r* , NT, A tlanta S ta te a t L arg e Jo h n J* McDonough Jan u ary 1, 1950 - Jan u ary 1, 1957 G eo rg ia Power Company, Rome S t a t e a t L a rg e F ra n k M* S p r a t l i n J a n u a r y 1 , I 9I+6 - J a n u a r y 1 , 1953 78 M a r i e t t a S t * , NW, A tlanta S ta te a t Large Hughes S palding U3^ T r u s t Co* o f Ga* B ld g * , January 10, 19^9 - January 1, 195^ A tlanta S ta te a t Large C arey W illiam s January 10, 19^9 Jan u ary 1, 1955 G reensboro F irst Second James P eterso n J a n u a r y 1 0 , I 9I+9 " J a n u a r y 1 , 1955 H . L* W in g ate J a n u a ry 1 , 191+7 - J a n u a r y 1 , 195U S o p e rto n 307 B ibb B u i ld i n g , Macon T hird Cason J* C allaw ay J a n u a r y 1 , 19 1950 - J a n u a r y 1 , 1957 P* 0 . Box 1111, A tlanta 61I4. - I 8 P e r s o n s B u ild in g , Mao o n S ev en th Roy N. Emmet J a n u a ry 1 , 19U5 " J a n u a r y 1 , 195? Cedartow n E ighth F ra n c is S tu b b s, Sr* January 12, 1950 - Jan u ary 1, 1957 D o u g las N inth Sandy Beaver J a n u a ry 1 , 19^4-5 " J a n u a r y 1 , 1952 G ainesville T en th W illiam S. M orris J a n u a r y 1 , 1914+ - J a n u a r y 1 , 1951 A ugusta OFFICERS OF THE BOARD OF REGENTS Chairman * . V ice Chairman C hancellor * , A s s i s t a n t To t h e C h a n c e llo r E xecutive S ecretary . . T r e a s u r e r ....................................... Hughes S p ald in g R obert 0* A rnold Harmon W. C a ld w e ll 5- I TABLE OF CONTENTS -Hjoj SUMMARY..................................................................................................... 6 ^CONSOLIDATED ST A T E M E N T S............................................................................................................................ . . 14 UNIVERSITY SYSTEM OF GEORGIA - GENERAL A C T IV IT IE S ................................................................... . 27 O tHE UNIVERSITY OF GEORGIA, A T H E N S .................................... .................................................. . . . . 3 5 THE UNIVERSITY OF GEORGIA - ATLANTA DIVISION, A T L A N T A ..................................................................77 GEORGIA INSTITUTE OF TECHNOLOGY, ATLANTA ....................................................................................... ' . . 85 MEDICAL COLLEGE OF GEORGIA, AUGUSTA. .............................................................................................................113 NORTH GEORGIA COLLEGE, D A H L O N E G A .................................... ....... . ............................................ ....... . 1 2 1 GEORGIA STATE COLLEGE FOR WOMEN, MILLEDGEVILLE ......................................................................... ....... . 131 GEORGIA TEACHERS COLLEGE, STATESBORO ............................................................................................................. 143 _ VALDOSTA STATE COLLEGE, VALDOSTA...................................................................................... 151 liD 1 GEORGIA SOUTHWESTERN COLLEGE, AMERICUS. ...................................................................................................... 1 6 1 ; WEST GEORGIA COLLEGE, CARROLLTON................................... 169 MIDDLE GEORGIA COLLEGE, COCHRAN............................................................................................................ 179 SOUTH GEORGIA COLLEGE, DOUGLAS . . . . ................................................... ....... . . . . . 1 8 7 ABRAHAM BALDWIN AGRICULTURAL COLLEGE, TIFTON............................. ....... . ............................................195 GEORGIA EXPERIMENT STATION, EXPERIMENT. . . . . . . . . . . . . . . . 205 GEORGIA COASTAL PLAIN EXPERIMENT STATION, TIFTON ................................................................ 213 AGRICULTURAL EXTENSION SERVICE, ATHENS. ........................................................................................................ 221 ALBANY STATE COLLEGE, ALBANY ...................................................................................................... . . . . 231 FORT VALLEY STATE COLLEGE, FORT VALLEY. ................................................................. ....................................239 SAVANNAH STATE COLLEGE, SAVANNAH 251 , SUMMARY The f in a n c ia l re p o rt c o n tain e d h e re in p e r ta in s to th e f in a n c ia l o p e ra tio n o f th e U n iv e r s ity System of G eorgia fo r th e f i s c a l y e a r ended June 30, 1950 T his an n u al f in a n c ia l re p o rt i s p re p are d on a b a s is c o n s is te n t w ith th e recom m endations o f th e N a tio n a l Committee o f S tandard R eports fo r I n s titu tio n s o f H igher Education* A ll statem en ts and sch ed u les a re prepared on a cash re c e ip ts and disbursem ents b a s is w ith th e ex cep tio n o f th e b alan ce sh e e ts, wherein a l l known a s s e t s and l i a b i l i t i e s a r e in c lu d e d , and t h e s ta te m e n t o f s u r p lu s w hich i s computed on an a c c ru a l b a s i s . CURRENT FUNDS EDUCATIONAL AND GENERAL Income - D u rin g th e f i s c a l y e a r 19149-50, th e income r e a liz e d f o r th e E d u c a tio n a l end G eneral o p e ra tio n s o f th e U n iv e r s ity System amounted to $ 1 6 ,0 2 0 ,3 2 2 . T his re p re se n te d an i n c r e a s e o f 1 .5 # o v e r t h e am ount o f $ 1 5 ,7 8 8 ,0 3 8 w hich w as r e a l i z e d d u r i n g t h e y e a r 191+8-1+9* The v a rio u s so u rces of income fo r th e p a s t fo u r y e a rs are compared in th e fo llo w in g summary: Source o f Income 191+6-1+7 191+7-1+8 191+8- 2 2: 0 S tudent Fees: M a t r i c u l a ti o n $ 2. 151.779 16. 6# $ 2 ,5 2 0 ,5 6 9 17.O# $ 2 ,7 8 3 ,1 7 0 17. 6# * 3,21+5.002 20. 35? N on-R esident Tu i t io n Summer S e s s io n O ther 3. 072.779 23.7# 670, 1+83 5. 2# 255,967 2 .0 # 3,51+7,532 23. 9# 887,623 6 .0 # 27l+,6l 8 1 .8 # 2,51+5,809 16. 1# 9 8 2 ,9 5 8 6. 2# 292, 1+91+ 1 .9 # 2 ,0 7 3 ,5 5 6 1 ,0 0 7 ,1 7 3 383,650 12.95? 6.355 2.1+5? T o ta l F ees $ 6 ,1 5 1 ,0 0 8 1+7.555 : 7 , 230, 31+2 1+8. 1 % $ 6, 60)+, I+29 1+1.8# t 6, 709,381 I+ I.9# G ifts, G rants & Endowment $ 5 1 1 ,7 7 5 l+.o# 3 8 7 ,7 1 5 2 .6 # $ 1+1+8, 1+61 2 .8 # 1 323, ll+O 2 .0 # Gov*t. o th e r th a n S tate Sales & S ervices O ther 1 ,7 3 0 ,8 9 8 13. 1+# 968,066 7.555 1 9 7 ,9 1 9 1 . 5# 1 , 826,993 12. 3# 1, 235,112 8. 3# 171,662 1 .1 # 11 ,, 908668,,969133 1 2 .6 # 6 .8 # 307,11+8 2. 0# 2, 105,231 13.155 1 ,2 2 8 ,7 5 5 7 . 75s 157,397 1.0# T otal In t- e r n a l Incom e$ 9 ,5 5 9 ,6 6 6 73.955 $10,851,821+ 73. 0# $ 10, 1+15, 61+1+ 6 6 .0 # $10,523,901+ 65.755 S tate 3,382,31+8 2 6 .1 # U, 007, 151+ 27.O# 5,372,391+ 31+ .0# 5,1+96,1+18 31+.355 T otal Opera- t i n g Incom e $12,91+2.Oil* 1 0 0 .0 # $ l!+ ,8 5 8 ,9 7 8 1 0 0 .0 # $ 1 5 ,7 8 8 ,0 3 8 100. 0# $ 16, 020,322 1 0 0 .0 # Th.9 f o l l o w i n g c o m o a riso n i s made o f t h e s o u r c e s o f incom e f o r t h e p a s t t h r e e y e a r s w ith t h e incom e f o r 191+0-1+1. T h is c o m p a riso n i s made b y th e d i f f e r e n t c l a s s i f i c a t i o n s o f u n i t s o f t h e U n iv e r s ity System in o rd e r t h a t th e t r e n d s f o r th e v a r io u s ty p e s o f u n i t s may be noted. I 9I+O-I+I I 9I+7-U8 I 9I+8-I+9 I 9I+9-50 S enior C olleges S tu d e n t F ees $ 1 , 1+25,021 1+7.1+# $ 6, 1+1+5,050 6 2 .1 $ $ 5 ,7 7 2 ,6 9 1 5 5 .7 # $ 5,90l+ ,789 5 5 .2 # S tate O ther Sources 1 , 106,262 36. 8# 2 ,1 7 0 ,3 6 0 2 1 .0 # 2 ,8 8 8 ,7 5 0 27. 9# 3,181,1+31 2 9 .7 # 1+76,997 1 5 .8 # 1, 719,860 I 6. 6# 1, 69!+, 267 16.1+# 1, 609,829 15. I # T otal $ 3 ,0 0 8 ,2 8 0 1000# $ 1 0 ,3 5 5 ,2 7 0 100.0 # $ 1 0 ,3 5 5 ,7 0 3 100. 0# $ 10, 696,0149100. 0# 6- M edical C ollege S tudent Fees $ S tate O ther Sources T otal $ 194o- 4 i 1+1,236 22. 1#! $ 118,286 6 3.3# 27*279 14. 6# 186,802 100.0# $ 1947-1+8 93.229 20. 0# $ 295. 1*60 63,57* 76.711* 16. 5# 1*65,1+03 1 0 0 .0 # $ 1948-49 101,952 15.375 470,000 70. 6# 91*, 157 1 4 .1 # 666,109 1 0 0 .0 # $ 1949-50 81,363 12. 2# 1*83.929 7 2 .5 * 102,232 15.375 667, 521* 1 0 0 .0 # Ju n io r C olleges Student Fees $ S tate O ther Souroes T otal $ 104,936 28,0# $ 217.663 5 8 .0 # 52,550 l4 .0 # 575, 0+49 1 0 0 .0 # $ 3 5 7 .8 0 2 +9.375 $ 302,618 1+1.775 6 5 .1 7 7 9 . 0# 725,597 100.0# $ 272,321 37.975 i 375, 1+00 52. 27571,701 9.975 719.1*22 1 0 0 .0 # $ 277*255 36. 5^ 417,888 51+.975 65,362 8 .6 # 760.505 1 0 0 .0 # Negro C olleges S tudent Fees $ S tate O ther Souroes T otal $ 59*860 2 1 .0 # $ 1 0 8 ,9 6 0 38.3?S 115,863 1*0.775 284,683 100.0# $ 35l+, 261 39. 1# $ 4 2 1 ,4 6 1 1*9.375 1*57.1*65 1+1.375 : 522,1+91+ 4 7 * 2 # 1*1*5.972 40. 0# 5 3 2 .8 9 6 1*7.975 99.016 1 1 .6 # 1 2 7 ,5 9 6 11.555 131+.593 1 2 .1 # 851+.738 1 0 0 .0 # $ 1 , 107,555 1 0 0 .0 # $ 1 , 113, 1*6.1 1 0 0 .0 # E xperim ent S t a* & A grio. Ext S tate O ther Sources T otal $ 156*709 1 ,0 4 5 ,6 8 9 13. 0# $ 6 5 9 ,3 8 2 87.0# 1.657.697 28.5# $ 803,550 71.575 1 ,8 0 5 ,7 0 9 30. 8# $ 770,271+ 69*2# 1 .8 9 9 .3 8 0 2 8 .9 # 7 1 .1 # $ 1, 202,398 1 0 0 .0 # $ 2,3 1 7 * 0 7 9 lo o .d # $ 2 ,6 0 9 ,2 5 9 100. 0# W 2, 669, 651*" 1 0 0 .0 # T o ta l fo r System ,,, , , .,, , ^ S'tu(A'e"n t ~?e e s ------- $ 1, 631,0 5 4 3 1 .8 # $ 7 ,2 3 0 ,3 4 2 1+8.7^ $ 6 ,6 0 4 ,4 2 9 4 l . 8 # I 6 ,7 0 9 ,3 8 1 4 1 .9 # S tate 1 , 771,179 3 4 .6 # i+ ,0 0 7 ,1 5 h 27. 0# 5#372.39l+ 3 4 .0 # 5, 1496, 1+18 34*3# O ther Sources 1 ,7 1 8 ,7 8 2 33*6# 3*821,1+82 243# 3* 8 1 1 ,2 1 5 2 4 .2 # 3*814*523 23*8# T otal $ 5 ,1 2 1 ,0 1 5 1 0 0 .0 # 1 1 4 * 8 5 8 ,9 7 8 1 0 0 .0 $ $ 1 5 ,7 8 8 ,0 3 8 1 0 0 .Q# $ l 6, 0 2 0 ,3 2 2 100.0% I t w ill be noted from th e above com parisons th a t th e t o t a l stu d en t fe es c o lle c te d d u r in g I 9I+9-50 h a v e in c r e a s e d s l i g h t l y when com pared w ith t h e p r e v io u s y e a r . The v e t e r a n en ro llm en t o f th e U n iv e rs ity System d ecreased ap p ro x im ately 20# from th e v e te ra n e n ro llm e n t o f I 9I+8-I+9* r e s u l t i n g i n a d e c r e a s e i n n o n - r e s i d e n t t u i t i o n i n a b o u t t h e same p e r c e n t a g e . The o v e r a l l e n r o llm e n t o f t h e U n i v e r s i t y System d u r i n g t h e y e a r I 9I+9- 5O was 3 # b e lo w t h e e n r o llm e n t f o r 19)+8-J+9, t h e r e f o r e , t h e i n c r e a s e i n m a t r i c u l a t i o n f e e s c o l l e c t e d was due i n i t s e n t i u B ty t o an i n c r e a s e i n t h e m a t r i c u l a t i o n f e e e f f e c t i v e w i t h t h e F a l l Q u a r t e r o f 191+9* This in c re a se o ff s e t th e deorease in n o n -re sid e n t t u itio n due to d ec lin e in v e te ra n e n r o ll m ent. The am ounts shown as income from th e S ta te in th e above sum m aries re p re s e n t th e amounts a c tu a lly a llo c a te d to th e v a rio u s u n its o f th e U n iv e r s ity System by th e Board o f R egents fo r E d u c a tio n a l and G eneral o p e r a tio n s . The Board o f R egents a llo c a te d a d d itio n a l amounts to th e u n its f o r purposes o th e r th a n E d u ca tio n a l and G eneral o p e r a tio n s . These am ounts f o r t h e y e a r 19I+9-50 and t h e p u rp o s e s f o r w hich t h e y w e re a l l o c a t e d a r e s e t f o r t h b e lo w . The t o t a l amount r e c e i v e d from t h e S t a t e b y t h e B oard o f R e g e n ts d u r i n g 191+9-50 w as $ 6 ,2 2 8 ,0 0 0 . T his amount was composed o f th e fo llo w in g item s: R egular A ppropriation $ 5 * 1 7 0 ,0 0 0 . S pecial A ppropriation 1 ,0 0 0 ,0 0 0 S p e c ia l A p p ro p riatio n f o r P la n t Addt*s 50*000 U n iv e r s ity o f Ga. Endowment FUnds 8*000 T otal A ppropriation $ 6 ,2 2 8 ,0 0 0 The a l l o c a t i o n s made b y t h e B oard o f R e g e n ts d u r i n g I9I+9- 5O w e re a s f o l l o w s : E d u c a tio n a l and G eneral P lan t Funds $5*1+98,1+18 15^,900 O ther N on-E ducational U n iv e r s ity o f Ga. Endowment Funds T otal A llocations $ 64,500*00 8 ,0 0 0 ,0 0 1 5 ,7 2 3 ,8 1 8 .0 0 I t w ill be noted th a t th e a p p ro p ria tio n receiv ed from th e S ta te exceeded th e a l lo c a tio n s by $504,182. Of th is amount $470,040 was reserv ed fo r r e n ta ls payable d u rin g th e y e a r 1950-51 t o th e U n iv e rs ity System B u ild in g A u th o rity , le a v in g an e x c e ss o f $34,142 to be added t o th e R egents* C o n tin g en t Fund in c re a s in g t h i s fund to $111,313 as o f June 30, 1950. E x p en d itu res - The E d u c a tio n a l and G eneral e x p e n d itu re s o f th e U n iv e rs ity System fo r th e y e a r 1949-50 amounted to $ 1 5 ,4 2 5 ,4 9 6 . T his re p re se n te d an in c re a s e o f 1 .4 $ over th e amount o f $ 1 5 ,2 0 8 ,5 6 2 t h a t was expended d u rin g th e y e a r 1948-49* The fo llo w in g i s a summary o f t h e e x p e n d itu r e s f o r t h e y e a r 1949-50 a s com pared w ith th o s e o f t h e l a s t t h r e e y e a r s : F u n c tio n 191*6-1*7 19l*7-48 1948-,49 191*9- 50 Adm. ft G e n e ra l $ 1 ,0 8 2 ,1 1 1 Student W elfare 218,984 P l a n t O p e r a tio n s 1,1*39.51*2 L ibrary 550,955 In stru ctio n 4,439*299 A ct. R elated to In stru ctio n R esearch 725,981 1 , 017.566 A g ric . E x te n sio n 1.519.851* Gen. E xtension 1*61,117 O ther 26,331 T otal $ 1 1 ,2 8 1 ,7 5 8 9*6$ $ 1,360,625 1*9$ 1 2 .8 $ 3. 1* 39. 3?? 290,305 1 ,6 1 9 ,1 6 5 1*50,1*77 6, 068,509 9 .6 $ $ 1,4614,887 2 .0 $ 317,880- 11.4$ l,77l*,723 3. 2?? 480,321 42. 6$ 6, 012,058 9 .6 $ $ 1,1*91.81*9 2 .1 $ 332.981* 11. 7?? 1, 561,696 3. 2?? 500,001 39. 5?? 6,331*. 175 9 .7 % 2 .2 $ 10. 1$ 3*2$ 41. 1$ 6 .4 $ 9.0?? 1 3 .5 * l+.l?? 0.35? 736,299 1,1*11*. 571* 1 ,4 8 0 ,6 4 8 663,019 120,319 5.2?? 10.0$ 10. 4$ 1*.7?? 0 .9 $ 695,551 1, 703,229 1,583.551* 1 ,0 8 6 ,2 0 7 9 0 ,1 5 2 4*6$ 11.2$ 10*4$ 1 . 1% 0 .6 $ 707,379 1 , 762,908 1 ,6 2 9 ,8 8 2 1,104*622 4*6$ 1 1 .4 $ 10*5$ 7 . 2?! 100.0# $ l4 ,203,940 100.0# $15,208,562 100*0# $15,425,496 100.0# A ll of th e v ario u s fu n ctio n s o f expenditure lis te d above re f le c t in creases in amount over th e p rio r y ear ex cep t P la n t O p eratio n s; th is fu n c tio n having decreased by 12.0$. A ll o f th e in c re a se s are r e la tiv e ly sm all, th e la r g e s t in c re a se bein g fo r I n s tru c tio n which in c re a s e d by 5*4$ over 1948-49* The p e rc e n ta g e s o f th e v a rio u s fu n c tio n s as r e la te d to th e t o t a l e x p e n d itu r e s f o r 1949-50 re m a in e d e s s e n t i a l l y t h e same a s f o r t h e p r i o r y e a r , e x c e p t fo r P la n t O peratio n s and In s tru c tio n . P la n t O perations decreased from -11*7$ o f th e t o t a l in 1948-49 to 10.1$ in 1949-50; w hereas, I n s tr u c tio n in c re a se d from 39*5$ o f th e t o t a l in 1948-49 to 4 l* l$ o f th e t o t a l in 1949-50* I t w ill be noted t h a t th e c la s s if ic a tio n o f "o th e r h as been e lim in a te d from th e e x p e n d itu re s fo r 1949-50* T his is due to a change in th e method o f re p o rtin g expenditures fo r fe llo w sh ip s, sch o larsh ip s, e tc . These expenditures w ill be d iscu ssed in a sep a rate se c tio n below . The e x p e n d itu re s f o r th e p a s t th r e e y e a rs a re com pared in th e fo llo w in g summary by c la s s ific a tio n of u n its w ith th e o p eratin g expenditures fo r 1940-4l: 1940-41 1947-48 1948-49 1949-30 S enior C olleges$ 2,909,627 M edical C ollege 167,408 Ju n io r C olleges 350,800 Negro C o lleges 283,374 A g r i c . E x t . ft Exp. S ta tio n s 1,217,897 G eneral A c tiv itie s 70,150 T otal $4,999256 58. 2?? $ 9 ,5 3 0 ,5 0 6 3-35? 7 .0 * 5.7?? 1*69,71*1 736,625 923,776 67.1$ $10,035,898 3-35? 651,690 5.2?? 7 0 6 ,5 6 2 6.5?? 1 ,0 7 9 ,1 7 2 66. 0$ $ 1 0 ,1 2 8 ,2 5 7 4*3$ 675,276 4.6 $ 70l*,l09 7*1$ 1.090,551 65.7?? l*.l*?? 1*.55? 7.1?? 21*.!+?? 2 ,3 5 8 ,3 3 9 16. 6?? 2 ,5 4 5 ,5 4 4 16.7?? 2 ,6 8 2 ,6 9 9 17.1*?? 1.1*5? 181*. 953 1 .3 * 189,696 1 . 3?? lI4 ,6 0 4 0.9?? 100.0$ $14*205,940 100.0$ $15,208,562 100*0$ $15,425,496 100.0$ F in a n c ia l C o n d itio n - The U n iv e rs ity System ended th e f i s c a l y ear w itlv an Educa t i o n a l an d G e n e ra l S u r p lu s o f $l,l+5U,+70. T h is r e p r e s e n t s a n i n c r e a s e o f $ 2 8 3 ,9 ^ 5 **r t h e s u r p l u s o f Ju n e 3 0 , 9U9, w h ich am ounted t o $ 1 ,1 7 0 ,5 2 5 . T h is i n c r e a s e i s r e f l e c t e d i n t h e S tatem en t of S u rp lu s which w i l l be found l a t e r in t h i s r e p o r t. The R e s tric te d Fund B alance a t th e end o f th e f i s c a l y e a r am ounted t o $21+2,177 a s com pared w ith a Fund B alan ce o f $1#552,1+59 a t Ju n e 3 0 , I 9+9 . T h ese tw o am ounts a r e r e a l l y n o t c o m p a ra b le due t o a change in th e m ethod o f re p o r tin g Unexpended P la n t Funds d u rin g th e y e a r . The Fnd B alance a t Ju n e 3 0 , I 9I+9, was made up t o a l a r g e e x t e n t o f U nexpended P l a n t F u n d s; w h e re a s , f o r t h e y e a r I 9+9- 50, U nexpended P la n t Funds w e re c a r r i e d a s a s e p a r a t e fu n d and w i l l b e d i s c u s s e d below : , T. The fo llo w in g i s a summary o f t h e E d u c a tio n a l and G e n e ra l s e c tio n o f th e B alan ce S h eet as o f th e end o f th e f i s c a l y e a r a s com pared w ith t h a t o f Ju n e 30 19^9* A ssets Cash on Hand and in Banks Inve stm ents(T em porary) Accounts R eceivable O ther A ssets T otal A ssets Ju n e 30 19U9 Ju n e 30 1950 $ 981,250 1, 500,703 861,581 10,308 3,353,81*2 1,395.21+0 275,000 9 0 3 ,1 8 8 3I I 95 $ 2, 6cA+,623 L ia b ilitie s and Surplus A ccounts P ayable Purchase O rders O utstanding U nearned Income O ther R eserves R e s tric te d Fund B alance S u rp lu s T o ta l L i a b i l i t i e s and S u rp lu s $ 69,106 229,981+ 130,976 200,792 1,552,1*59 1 ,1 7 0 ,5 2 5 $3,353,81*2 $ 30,185 90,361 302,1*81* j+8L|.,9i+6 21*2,177 1, 1*51*,1*70 $2, 60!+, 623 Of th e A ccounts R e c e iv a b le a t June 3 0 , 1990 $61+9,029 r e p r e s e n te d am ounts r e ce iv a b le from th e V eteran s A d m in istratio n f o r fe e s o f v e te ra n s tu d e n ts , and $159*139 r e p re se n te d amounts due th e G eorgia I n s t i t u te o f Technology on R esearch c o n tr a c ts . In clu d ed i n O th e r R e s e rv e s a t J u n e 3 0 , 1950, was an am ount o f $1+70,Ol+O r e s e r v e d f o r r e n t a l s p a y a b le to th e U n iv e r s ity System B u ild in g A u th o rity d u rin g 1950-51 The in v e stm e n ts l i s t e d above c o n s is t e n tir e ly o f amounts in v ested in sh o rt term U n ited S ta te s S e c u r itie s . AUXILIARY ENTERPRISES Incom e - Incom e r e a l i z e d d u r in g 19l+9**5Q from t h e o p e r a t i o n s o f A u x i l i a r y E n t e r p r i s e s am ounted t o $ 5 , 097,320 a s com pared w ith a t o t a l incom e o f $ 5, 1+86,596 d u r in g I 9I+8-I+9. The v a rio u s so u rc e s o f income f o r th e p a s t th r e e y e a rs a re com pared in th e fo llo w in g summary: Source I 947-U 8 I 9I+8-I+9 I 9U9- 5O D orm itories D ining H all B ookstore A partm ents O ther T o ta l Income 839, 1*27 2. 338,933 1 , 655,191 11+5,511 1*69,808 5,1*1*8,870 91*3,602 2, 505,011 1 ,3 8 1 * , 1*99 209,961 1*1*3,523 5, 1*86,596 1 1 ,0 3 7 .3 6 2 2 .3 5 9 ,0 6 3 1,922,701+ 230, 511* 31*7,677 5 ,8 9 7 ,3 2 0 9- E x p e n d itu re s - The A u x i l i a r y E n t e r p r i s e e x p e n d itu r e s f o r 191+9-50 am ounted t o $1+*825 * 0 0 6 , a s com pared w i t h e x p e n d it u r e s d u r i n g 191+8-1+9 o f $5,131,181+ . T h is r e p r e s e n t s a decrease of $306,178. T his apparent re d u ctio n in expenditures is due in p a rt to a change in re p o rtin g m ethods r a th e r th an to an a c tu a l re d u c tio n in e x p e n d itu re s. In p rio r y e a rs , i n t e r e s t on a u x ilia r y p la n t in d eb ted n e ss has been in clu d ed as an o p e ra tin g e x p e n d itu re . A ch a n g e was made i n t h e r e p o r t i n g p r o c e d u re d u r in g 19l+9*"50, w h e reb y t h i s i n t e r e s t paym ent i s in clu d ed as an e x p e n d itu re from Unexpended P la n t Funds. The fo llo w in g i s a com parison o f A uxiliary E n terp rise expenditures fo r th e p ast th re e years: D orm itories D ining H all B ookstore Apartm ents O ther T otal E xpenditures 191+7-1+8 $ 777,81+5 2, 1+06, 961+ l,6 o l+ , 170 76, 801+ 1^5,533 $ 5 ,3 1 1 ,3 1 6 I 9I+8-I+9 $ 831,071 2, 1+16,138 1 ,3 9 8 ,1 6 0 116,115 369,700 $5,131,181+ 19U9-50 $ 71+2,860 2, 19l+, 610 1, 1+86,768 92,H +8 308,620 $l+,825,006 F in a n c ia l C o n d itio n - The o p e ra tio n s o f th e A u x ilia ry E n te rp ris e s of th e U n iv e rsity S ystem a s a w hole w e re v e r y f a v o r a b l e d u r in g 191+9-58* C o n s id e re d on an a c c r u a l b a s i s a s r e f le c te d in th e S tatem ent o f S u rp lu s found l a t e r in t h i s r e p o r t, th e income from o p e ra tio n s e x c e e d e d e x p e n d it u r e s b y $891,1+27* T h is g a i n , a f t e r d e d u c ti n g $1+20,141+5 t r a n s f e r r e d t o Un expended P la n t Funds fo r p la n t a d d itio n s and d e b t s e rv ic e and o th e r a d ju stm e n ts, in cre ased t h e A u x i l i a r y S u r p lu s from $763,11+1 a t Ju n e 3 0 , 191+9, "to $ 1 ,1 7 0 ,5 2 2 a t Ju n e 3 0 , 1950. The fo llo w in g i s a summary o f th e A u x ilia r y B alance S h e e t as o f Ju n e 3 0, 1950, as compared w ith th e p rev io u s y e a r: A ssets Cash on Hand and in Banks Investm ent s (Tem porary) Accounts R eceivable S tores O ther A ssets T otal A ssets Ju n e 30, I 9I+9 Ju n e 30, I 950 * 637.1+75 100,778 453.506 301,205 5,735 $ l,i+ 9 8 ,6 9 9 $ 1 ,0 7 0 ,1 8 6 100,090 207,575 365,197 $ l , 7l+3,o i+8 L i a b i l i ti e s and S u rp lu s A ccounts P ayable Purchase O rders O utstanding U nearned Income Reserve fo r S tores O ther R eserves S u rp lu s T o tal L ia b ilitie s and Surplus $ 57,981+ 62,11+5 55,120 301,205 259. 10I+ 765, ii i $ 1 , 1+98,699 $ 1+3*259 22,020 52,763 365.197 89,288 1 , 170,522 $1.71+3.01+8 The d e c re a se in "O th er R eserv es" shown above i s due to th e change in th e re p o r tin g o f U nexpended P l a n t F u n d s . The ite m " O th e r R e s e r v e s " a t Ju n e 3 0 , 191+9, in c lu d e d S in k in g Fund R eserves and c o n s tru c tio n in p ro g ress} w h ereas, co rresp o n d in g item s a t June 30, 1950, a re included in a sep a rate se c tio n fo r Unexpended P lan t Funds. OTHER NON-EDUCATIOHAL T his c la s s if ic a tio n has not appeared in previous re p o rts . D uring th e p a st year a change was made in r e p o r tin g m ethods w hereby income and e x p e n d itu re s f o r S c h o la rs h ip s , fe llo w sh ip s, p riz e s , e t c ., were inclu d ed under th e c la s s if ic a tio n o f "O ther H on -E d u catio n al." - 10- The item s in clu d ed u nder t h i s c l a s s if ic a tio n w ere p re v io u sly re p o rte d under E d u ca tio n a l and G eneral, and Agency Funds. D uring th e y e a r ended June 30, 1950* th e U n iv e r s ity System re c e iv e d income t o t a l i n g |1 5 0 ,1 0 0 f o r O th er W on-E ducational a c t i v i t i e s . T h is income was made up o f th e fo llo w in g item si Endowment G ifts and G rants S ta te o f G eorgia O ther T otal $ 6,823 7 8 ,7 5 2 6U,500 _______ 25 $ 150,100 The am ount o f $614, 500, shown a s incom e from th e S ta t e , r e p r e s e n t e d an a l l o c a t i o n b y th e Board o f R egents fo r s c h o la rs h ip s to neg ro stu d e n ts a tte n d in g i n s t i t u t i o n s o th e r th a n u n its o f th e U n iv e rs ity System . D u rin g t h e y e a r en d ed Ju n e 3 0 , 1950, $ 163, 51!* was ex p en d ed f o r O th e r W o n -E d u cati onal a c t i v i t i e s . T his amount was composed o f th e fo llo w in g item s 1 F e11ow ships S cholarships O ther T otal . $ 2 0 ,7 5 6 93 21*2 U 9 5l6 $ 6 3 ~ ,51C In cluded under "S ch o larsh ip s'* above is $61,728 expended f o r sc h o la rs h ip s to n eg ro s t u d e n ts . In c lu d e d u n d e r "O th e r" i s an amount o f $1*8,250 p a id th e R eg io n al C o u n c il on ed u catio n as th e co st o f G eorgia' s p a rtic ip a tio n in th e S outhern R egional E ducation Program . AGEWCY FUNDS The U n i v e r s it y S ystem h e ld Agency Funds a t June 38* 1950 h a v in g a t o t a l fu n d b a la n c e o f $1*35, 9114. T h is w as com posed o f fu n d s r e c e iv e d and h e ld b y t h e v a r io u s u n i t s a s c u sto d ia n s, and c o n s is te d m ain ly o f unexpended stu d en t a c ti v i t y f e e s , funds o f stu d e n t o rg a n iz a tio n s and funds d e p o site d w ith th e i n s titu tio n s by s tu d e n ts f o r sa fe k e e p in g . BWDOmiEWT FUWDS The U n iv e r s ity System h e ld Endowment Fund A sse ts a t June 38, 1958, in th e amount o f $ 3 ,8 3 1 ,6 0 3 . T h is amount c o n s is te d o f c a sh , $ 2 7 ,2 6 9 ; and in v e s tm e n ts t o t a l i n g $3,OOl+,33U. L is te d below i s a summary o f th e in v e s tm e n ts : U. S. S e c u ritie s O ther Bonds P r e f e r r e d A Common S to c k Real E state R eal E s ta te M ortgages U n iv e rs ity System B u ild in g s O ther Investm ents T otal $1,71*2,155 163,850 1U2.593 151*219 32,679 761,306 18,532 $3*80l*,33U Of t h e above a s s e t s , $ 8,1*1*6 was due t o o t h e r f u n d s ; $ 1 2 7 ,9 9 7 was r e s e r v e d f o r t h e purpose of th e T ru st; and $2,895l60 re p re se n te d fund b a la n c e s. STUDEWT LOAN FUWDS The U n iv e r s ity System h e ld S tu d e n t Loan Fund A sse ts a t June 30, 1958 in th e - 11- amount o f $ 1 ,1 0 2 ,0 1 0 . T his amount was composed o f c a sh , $207*002; s tu d e n t n o te s re c e iv a b le , $ 1 6 3 ,0 3 5 ; due from o t h e r f u n d s , $ 8, 069; and in v e s tm e n ts , $725,901+* The in v e s tm e n ts w ere composed o f th e fo llo w in g item s: U. S. S e c u ritie s O ther Bonds Real E state R eal E s ta te M ortgages U n iv e rs ity System B u ild in g s O ther Investm ents T otal $31+1*229 65,1+00 13*921 6l+,6L+l 233*603 5 *H 0 $72390^+ Of th e above a s s e ts , $738 was due to o th e r fu n d s; and $ 1 ,1 0 1 ,2 7 2 re p re se n te d fund b a la n c e s . PLANT FUNDS UNEXPENDED PLANT FUNDS D u rin g th e y e a r ended June 30* 1950 t h e Unexpended P la n t Fund was s e t up t o in clu d e funds fo r p la n t a d d itio n s , im provem ents to p la n t, and debt s e r v ic e . Funds fo r th e se purposes have in p rev io u s re p o rts been rep o rted under E d u catio n al and G eneral and A u x iliary Funds D uring th e y e a r ended June 30 1950 th e U n iv e r s ity System re c e iv e d income in th e amount o f $1+59,951 f o r p la n t p u rp o s e s . The so u rc e s o f t h i s incom e w ere a s fo llo w s : S tate O ther G overnm ental G ifts and G rants Sale of P la n t A ssets O ther T otal $15l+, 900 50,000 229*1+51 25,519 231 $1+59*951 In a d d itio n t o th e income r e f e r r e d to above, E d u c a tio n a l and G en eral Funds in th e amount o f $ 5 2 7 ,9 6 6 ; and A u x i l i a r y E n t e r p r i s e Eunds i n t h e am ount o f $1+20,141+5 w e re t r a n s f e r r e d t o Un expended P lan t Funds fo r p lan t purp o ses. D uring th e y ea r ended June 50 , 1950, P la n t Fund e x p e n d itu re s amounted to $ 2 ,0 0 1 ,7 6 6 . T his amount was expended fo r th e fo llo w in g purposes: P lan t A dditions Land B uildings & A dditions to B ldgs. Im provem ents o th e r th an B ld g s. Equipm ent Indebtedness R etired In te re s t on Indebtedness O ther E xpenditures T otal $ 51*578 1,1+29*968 102,550 lPl+,1+51 $ 1, 668,327 11+9,535 100,005 83,899 $2 , 001,766 Unexpended P la n t Funds had a s s e ts a t June 30, 1950, t o t a l in g $1,055*999 T his am ount was composed o f c a s h , $801,i+9l+; te m p o ra ry i n v e s t m e n t s , $ 175*555 and due from o th e r fu n d s , $ 5 8 ,9 5 0 . Of th e s e a s s e ts $21+2,055 was re s e rv e d f o r th e S in k in g Fund as p ro v id e d - 12- under th e term s o f a t r u s t in d e n tu re fo r th e re tire m e n t o f Revenue Bonds issu ed by th e R egents fo r th e b e n e fit o f th e G eorgia I n s titu te of T echnology, and $793*9^6 rep resen te d enexpended Fund B alan ces. INVESTED IK PLANT The U n iv e r s ity System had P h y s ic a l P la n t A ssets a t June 30, 1950* in th e amount o f $1+6,730800. T h is in v e stm e n t i s sum m arized as fo llo w s : Land B uildings Im provem ents o th e r th a n B u ild in g s Equipm ent T otal t 2.979.77+ 28,+78,236 2,908.+ 75 1 2 .3 6 + .3 1 5 $ 1*6,730,800 D u rin g 191+9-50* $ 9 0 ,0 0 0 o f S e r i e s nAn , G e o rg ia I n s t i t u t e o f T e c h n o lo g y R evenue Bonds w ere r e t i r e d , le a v in g a b a la n c e o f $2,785*000 o u ts ta n d in g a t June 30 1950; $581+,000 a t 2 - l/2 % , $ 1 ,7 0 9 * 0 0 0 a t 2-1/1+%, and $1+92,000 a t 2%, w i t h m a t u r i t y d a t e s t o May 1 , 1 9 7 8 . In a d d itio n t o th e bonded in d e b te d n e s s, r e f e r r e d t o ab o v e, a t June 30 1950 a t o t a l o f $99l+,909 was due t o Endowment and S tu d e n t Loan Funds f o r am ounts in v e s te d in revenue p ro d u c in g p r o je c ts a t th e v a rio u s u n its o f th e U n iv e r s ity System* T h is amount i s b ein g am ortized over a p e rio d o f y e a rs from th e n e t rev en u es o f th e p ro je c ts fin an ced by th e s e loans* T h is amount is in v e ste d in th e p la n t a s s e ts o f th e fo llo w in g u n its : U n iv e rsity o f G eorgia G eorgia I n s titu te o f Technology N orth G eorgia C ollege G e o rg ia S t a t e C o lle g e f o r Women F ort V alley S ta te C ollege Savannah S ta te C ollege T otal $1+61+,932 381*14-07 37*076 151*1+70 12,363 2 7 ,6 6 1 $991+,909 W ith a t o t a l in v estm en t in th e p la n t o f $1+6,730,800; a g a in s t w hich bonds w ere o u t s ta n d in g in t h e amount o f $ 2 ,7 8 5 ,0 0 0 ; and $99l+909 was due t o Endowment and S tu d e n t Loan Funds; th e U n iv e r s ity System had a n e t in v estm en t in p la n t o f $1+2,950,891 a t June 3 0 , 1950. GENERAL On t h e f o l l o w i n g p a g e s o f t h i s r e p o r t w i l l b e fo u n d v a r i o u s c o n s o l i d a t e d s t a t e ments r e la tin g to th e y e a rf s o p e ra tio n s statem en t o f E d u c a tio n a l and G eneral and A u x ilia ry S u rp lu s, and th e a s s e ts and l i a b i l i t i e s o f th e U n iv e rs ity System a t June 30, 1950. In ad d itio n to the consolidated statem ents, d etailed fin a n c ia l re p o rts re la tin g to the operation o f th e in d iv id u a l u n i t s o f t h e U n iv e r s ity System may be found i n t h i s r e p o r t . James A. B l is s i t A uditor December 18, 1950 -1 3 - UNIVERSITY SYSTEM OF GEORGIA * CONSOLIDATED BALANCE SHEET June 30, 1950 ASSETS I . CURRENT FUNDS A . GENERAL 4 Cash on Hand and in Banks 1 ,2 2 0 ,6 8 1 .5 7 A Investm ents (Temporary) 275, 000.00 Accounts R eceivable 835, * 9 .7 1 T* Due from O th e r Funds 3 1 ,1 9 5 .0 0 TOTAL GENERAL FUNDS 2,362,14146.28 A' B. RESTRICTED Cash on Hand and in Banks J 17it,558.96 f Accounts R eceivable TOTAL RESTRICTED FUNDS 67, 618.15 21*2,177.11 A C. AUXILIARY Cash on Hand and in Banks Investm ents (Temporary) Accounts R eceivable Store s ( Invent or ie s ) TOTAL AUXILIARY FUNDS 1, 070, 186.29 160, 090. 0 * 207, 575.38 365, 196.79 Jl.7U 3.Q U 8.50 TOTAL CURRENT FUNDS I I . AGENCY FUNDS Cash on Hand and in Banks Notes R eceivable Investm ents (Temporary) JU .3U 7.671.89 A) t U3U.9Ul.66 3,9U lJt2 0 1 ,1 1 0 .0 0 TOTAL AGENCY FUNDS U 39,993.08 I I I . ENDOWMENT FUNDS Cash on Hand and in Banks Investm ents) J 27.269.U1 V* U. S. S e c u ritie s 1, 7142, 155.00 O th er Bonds P r e f e r r e d & Common S to c k 163, 850.00 11*2, 592.66 Real E state 151,218.91* R eal E s ta te Morgages 32. 679.u 7 U n iv e rs ity System B u ild in g s 761, 305. 5U n O ther Investm ents i o . 532.UU bl TOTAL INVESTMENTS #3.00it,33U .05 TOTAL ENDOWMENT FUNDS IV . STUDENT LOAN FUNDS Cash on Hand and in Banks S tudent Notes R eceivable Due from o t h e r Fhnds J3.031.6O 3.U 6 jk 207,001.90 163.03U.71 8, 668.92 afc -14- M STUDENT LOAN FUNDS ( C o n t 'd ) Investm ent s : "f U. S. S ecu rities O ther Bonds Real E state R eal E s ta te Morgages U n iv e rs ity System B u ild in g s O ther Investm ents TOTAL INVESTMENTS TOTAL STUDENT LOAN FUNDS A '1j k V . PLANT FUNDS A. UNEXPENDED Cash on Hand and in Banks Investm ents (Tem porary) Due fro m O th e r Funds TOTAL UNEXPENDED 'Me n* if B. INVESTED IN PLANT Land B uildings Im provements o th e r th a n B u ild in g s Equipm ent TOTAL INVESTED IN PLANT TOTAL PLANT FUNDS TOTAL ASSETS 31+1,229.00 65,14.00.00 1 3 ,9 2 0 .9 9 61*, 61*1.66 233*603.02 5 ,1 0 9 .7 5 # 723,90l+.li2 $ 1,102,009.95 801,1*93.1+9 175,55U .85 58,950.28 $ 1,035*998.62 1 2 ,9 7 9 * 7 7 3 .9 1 28,14.78,236.1*0 2,908,1*71+.97 12,361*, 31I+.68 $1*6,7 5 Q 7 9 9 .9 6 $1*7,766,798.58 $56,688,076.96 -15- UNIVERSITY SYSTEM OF GEORGIA CONSOLIDATED BALANCE SHEET (bdnoO) s a r o Kaoj Tiaaurs a fearadseviil OO.QSS,i+lUnf 5 0 * 1950 3&iJTJJoa8 8 * 0 0 .0 0 4 ,^ 6 8brioS teddO p p QQO X f L IA B lL iy lS ^ SCKPLOS AND FOND BALANCgg^ edhB-uia**J aI abjsv *H* ,*,,*,3 rseH I . CURRENT FUNDS SO.506*553 5 Y.90I *5 agnifoXinH me&zxB vitia^avlcxU Vr adnemdaevixl ToxidO A. GENERAL^^,a1.j.1a/op <^s\ i ~ -- ~~ _ aTifaMTaawi jatot A ocora^^^eyabie" $ 30*185*47 an non cnr R eserve f o r P u rch ase O rders O u tsta n d in g 9 0 , 3 ^ 4 ^ KA0J TMdUTS JATOT 59*?0SO I`R eserve fo r U nearned Income 302,1+83.69 Reserve fo r B uilding A uthority R entals O ther R eserves 1+70,01+0.00 il+,906. 1I+ acmu TAjq asawM xamj S u rp lu s Pd. ^9+1,108 $ TOTAL GENERAL F U jg S y ^ 1 , 4 5 4 , 4 7 n i farta brmH0ao sb O ( * 7<$?) 5a v a l B . RESTRIC|gD0^ ^ ^ Q 4j; | 8S.0?.9*S? Fund Lance abm / 'iad&Q moi'i end aaaimxsvm jatot $ 21+2,177.11 TOTAL RESTRICTEDx| U ^ W s S | 0+i.85St 8V+i8S C. AUXILIARY Y, 031, 603.4 6 \ 7 3 8 .1 7 1 ,1 0 1 ,2 7 1 .7 8 A A 'H l $ 1 ,1 0 2 ,0 0 9 .9 5 VM 39 08 * 1+6 V. PLANT FUNDS A UNEXPENDED AI0H030 30 M3T3Y8 YTI3H37IiiU SSHUTIUPIJUaS (TdA 3MOOMX 3 0 YHAMMJ3 R e se rv e f o r S in k in g F\m>l* UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF CURRENT SURPLUS JUNE 3 0 , 1950 EDUCATIONAL AND GENERAL S u r p l u s , J u l y 1 , 19l*9 A d d itio n s! E xcess Income over E x p en d itu re s C u rren t Income R ealize d Add: In c re a se in A ccounts R eceivable D educt: In c re a s e in U nearned Income C u rren t Income Earned D educt: C urrent E xpenditures Cash E xpenditures D educt: D ecrease in A ccts. Payable C urrent E xpenditures E xoess Income o v er E x p en d itu re s Excess S tate A ppropriation over Regents* A llo c a tio n T ra n sfe r from O ther Funds S u rp lu s , J u ly 1 , 19l*9, p lu s A d d itio n s D eductions: In c rea se in S urplus re serv es T ran sfer to P la n t Funds T ra n sfer to O ther Funds Surplus A djustm ents S u rp lu s, June 30, 1950 * 1, 170,525JlO *16, 020, 321.9!* 3 8 ,5 1 7 .6 0 * 1 6 ,0 5 8 ,839.5U l61*,008.0L* *15,89U ,831.50 *15,1425,1*96.21* 192, 868.56 *15, 252, 627.68 * 662, 203.82 50I+, 182.00 5, 602. 1*1* *2,31*0,513.66 * 333*690.68 5 2 7 ,9 6 6 .3 5 500.00 23,886.30 * 886, 01*5.33 *1,1*51*,1*70.33 A : A 9 v4 V^ 4* AUXILIARY ENTERPRISES S u r p lu s , J u l y 1 , 191*9 A d d itio n s: E xcess Income over e x p e n d itu re s C u rren t Income re a liz e d Add: D ecrease in U nearned Income D educt: D ecrease in Accounts R eceivable C u rre n t Income ea rn ed D educt: C urrent E xpenditures Cash ex p en d itu res D educt: D ecrease in Accounts P a y a b le *l*7,l*8l*.60 Increase in In v e n to rie s 19, 021*.91 C urrent E xpenditures E xcess Income ov er E x p en d itu re s S u r p lu s , J u l y 1, 191+9 p l u s A d d itio n s D eductions: T ran sfer to P la n t Funds T ran sfer to O ther Funds In crease in Surplus reserv es Surplus A djustm ents * 763,11*1.15 5.897,319.62 2 .3 5 6 .5 5 i 5.899.676.17 21*9,753.30 $ 5,61*9,922.87 $ I t ,825, 005.52 66,509.51 I 1*, 758,1*96.01 * 891, 1*26.86 * 1, 651*, 568.01 : 1*20, 1*1*5.03 7, 1*03.76 51, 733.78 1*,1*63.63 * l*8l*,0l*6.1*0 41 S u rp lu s, June 30, 1950 * 1 ,1 7 0 ,5 2 1 .6 1 % vm vr o ft~ H, O ' LO /X I Ito- fe CDs O ' Qy\ ) n .i | t l r o fT /o0o .OJ --o-"I I!A I co j-fc jo d' H. Institu tion Hi I UNIVERSITY SYSTEM OF GEORGIAf H f if?! y#= STATEMENT OF EDUCATIONAL GENERAL ISMft' 1/01 0 3 Q s m i C D - 0 -^3 O o _Fr^eay, Ended June 5 0 , 1950 C0O1 H | O r'H ! O /X \(~A a & ^T A X X i !e l Cl,. O r>i O "t - 3 tL -fc- fjjfcudent Fees I'jlat^ictflat^pn N on-tfisident Summer Tuj^jpn School i/t L0 ryi TXT Qy /O ---3 O & /O Fr--, G ifts Grants A Endowment 0 -4 GoveninJtO Others Than` ; Sts(taH S a le s and AlloUmgQt :sv ic es O il Other ,- V\ Totals Internal - State IncomsT: Allotm ent Total Inoome 5 ? W\75 o o 1 SENIOR UNITS U n iv e r sity o f Georgia - Athens t A tlanta D ivision General Extension Georgia I n s titu te o f Technology North Georgia C ollege G eorgia S ta te C o lle g e fo r Women Georgia Teachers C ollege Valdosta S tate C ollege TOTAL SENIOR UNITS Medical Medical C ollege o f Georgia JUNIOR UNITS Georgia Southwestern C ollege West Georgia C ollege Middle G eorgia C ollege South Georgia C ollege Abraham Baldwin A g r io . C o lle g e TOTAL JUNIOR UNITS 772.707.2U UlU.lU% S5 121,3453+2 1,147,499.61 90,032.00 109,672.00 111,680.68 Ui,o4U.oo $ 32,701.50 U3.9lU.39 23,556.lU U o ,153-51 3U.058.60 52S7669.72 2^ 31.93 1 .0 8 7 ,l|9 tj0 0 24.36& 02 2,fek,60 68, 9>8U l,q 88 80 ------ ! ------} $ 7,817.16 12,316-^98 i3,ibj+oo 17, t o . 09 12,024,79 $262,665.142 lll,23U .29 375,1+913+7 22,579+35 3U ,6^ ,j20 1+6, IO330I+ 6,59lgOO $859.5214,77 L0 $ * 8+ .5 2 3 : 0 7 ,5# 5799 82, 015.01 X 4,3|t3t3^> 8 ,4 ^ 3 ^ nM z& yn 9,52n a-> 6, t n f t ix $522,5pr?lfU $ 66,319.51+1 283,177.29 $ 62,619.68 3,300.00 3,000.00 20,709.71 57,790.88 l6 ,5 5 l+ .0 0 $135,239.02 $ 377,231788 $ .8.10-, $ 8U,363.56 $ 2,50 0 .0 0 $ ----------1----- r^y ----------------------- tA. $ 785.00 $ 6 , 82U O 5,099.77 5,807.60 Q' 3 , 571.00 399.70 Z. 1,359.00 630U .36 >776,737.53 2,459 .Uo M # 1.U18.0U U,938.15 17,666.11 1+06,678.68 \n 57,0371- 26 $ /v i 2,1+55 ,776432 # 4 3 0 6 ,7 9 9 .0 0 # ,762,577.02 8,511- e x 7I+9 ,604*87 #2l+,655.00 87U.259.87 9,735*38 559.11+3.09 1+4,831 86| ,+gl3. ,095.81 ,39l+. 15 . ,,53,700.00 i }f9S*p53.00 266,795.81 ,197,1+47.15 100 63 +8 ,518.31 12 0 1 ,6 9 5 .0 0 350,213.31 6,722 75S <35 >232 ,666.93 -431,-211.00 663,877.93 1+.327 25 2^1257 ,097.93 I S--15J&90.00 261+...-.I..d....CD t 55 ,1+62.51 1 ^ 3 ^ 7 2 8 .0 0 ^ 8 ,6 8 7 ,9 3 ^ 172, 19( ^ 1^ 975.557.IS 1 2 , 801.O ^ ^ ^ l , 618.53 $fij8& 431. ,696, 01+9^3 ta '3 F !/"vt l/j !O aT*w 0 O 11,655.35 $ 3.732.771$ ^ 8 3 .5 9 6 .0 1 $1 bfy, 929.00 $ 6 6 7 ,5 2 $ | l ; $ 2,225>..13 $ 2 ,2 6 35..72 1,991L..50 .. 53,175US 1.685.U8 a . 33,173.1+8 $ 8 ,15.83 $g 51.771.26 7U.2U0.6l 71.U03.00 $ 99.119.00 U2.621.3U 66,127.96 107,855.39 71.091.00 . _ 88,155*00 88 120.00 3U2,6165 6 .,~ U l7 ,388..00 $ 123+T7U2S60 1 7 3 .5 '5 9 ^ 1 ^ s 1 1 3 ,J12pU gS 15U,e82i96,3 195,975'. ^9<4 7 6 q^5QJ+.5/- NEGRO UNITS Albany S ta te C ollege Fort V alley S tate College $ 39.872.8U 7 5 ,158.8U /O 03lllU+,,li+l7.^8.3155 fe3o7%S>3079.2.662 $ 5^5V 6 11<939S38 01333 .17 a # 2 5 1 .66 $j.a 91.303.2o4 -26,UlU00 $ 217.-777`.;>-3 $ 2,666.06 $ 89.97U.35 # U `1.^5 ,90 2U 7.U 2U .1 ^L70,0$r.00 U17.UU8+T1^ Savannah S ta te C ollege TOTAL NEGRO UNITS $ EXPERIMENT A AGRICULTURAL EXTENSION Georgia Experiment S ta tio n C oastal P la in Experiment S ta tio n A gricultural Extension Servios 72,600 4^8 187,632 g g ^ 869l ,,080977..2700 61098.78 $130^+5.64, 20,<400*11 $ 38^96^25 R ,xi cp at > R b-A 18,882.12 -1,755.33 .T2. ,96 21+1,837.28 4236,39,8.00 U 7 8 ,2 3 5 ^ 8 fi:. $ 2,666.06 $ IQ8.856.U7 $ ,15^89.50 $a.9>0.52 $? 58Q#:56U.62$ -.532, .00 $ l,H3,U6ofcfei;ir+ q co tp i4 $ U2.23U.l6 $ 368,682.08 $ 37<99^2 $ ,7>+ 2, 5/0 .00 to co ,.0.51+oq^9 cg,6S0 53,066.77 1,223,938ego cp >-s o> g te 8x3 5 0 1 ,^ 0 .U3y> 31+1,271+5.00 $ 6 U 2,8lU ^3` 120:+621. 02;;) Cj85OOf.OO 305,621.02 ,-1 cj. <$ ~~1* IV T# " Cr >4 to Hi 4 R O Q <4- ,4 B $4 Oa K g +Q q- X H* w KF > & Cy i/i r-te O $ 97,870.93 a a a a !-- & h* Cj & O $ 3,000.00 o ^ I ,^ 9 g 8 d jji? -T ' V 6 - , m . 'S S i ,69.65U .5g O /y /O CO je? q qa 3 +Q Ha * Ci. O h3 p Pv ?!$ ,4 1^ 7.9 "fc~> 0 O ,Q O X bQ a C+ H jJ| a H- > te H.3Cd21890 $ 82+009.71 # 0E> g q . 2$f0J.0p 2 * 9 9 ^ ,^ .- 85,137.6i 25,000.00 2,990.29 TOTAL GENERAL M ^3 ,0 0 0 .0 0 uQ tn. > a i ig7-9d f g O 5> -- a H- 27^9C0~~^1 ^ 000.0PH$ i_,, 113. 127.90 4 GRAND TOTAL 57 $2,C D 5i23l^3 $ 1 ,228?7554+9 ^ 1 3 ^ 6 ^oJ^3!i^0^9UT-|t5f+96SUg.O>p $ p , 0 2 0,321.9U a g > a a a fH CP 0g3; > 41 ^ Mp \JT -i- ^ % >$r +4 i. P 4 V i * y* % f j P * . -r T - "" "~4Samm,,`' 11 V *5^" r 'V w > Q W & - Jer r "V 4 V x -r -er-'" * In stru ctio n SENIOR UNITS 1 U n iv e r sity o f Georgia - Athens A tlanta D ivision General E xtension G eorgia I n s titu te o f Technology North G eorgia C o lleg e G eorgia S t a t e C o lle g e f o r Women G eorgia Teachers C ollege V aldosta S ta te C ollege TOTAL SENIOR UNITS MD I Hi (am j^3 ru fi V o u Sa m .f r--ui rlpo "--1j/O H* O c o l h . m am O - O COAH Ofr f*AU/enU*C*D m"` ' / p a - 00 H Hi +4 W * ^1?" ~ r fcj Hi au ru am 4-%j H o am Q / o a l h Hi / o O ' co /Q --3 10 CD * ni ta / p o H. P |a - - 3 (/> 1 a Hi Ht Ht 4 v - w" ' l" ^ r V 6. kr 8A^UauH-fc_cro/vi /eurur --$ T h , au / o --3 CD--3/01 0 / 0 /O fcO ta A U AM AU /TJ O r o O O O ' am --3 i* ,-s- , ? & * t/3 DDAM 0 / 0 CH CD O O t a O t - 10 t - / H O 10 CH 10 Hi rHui --5 h AU CD /X -iO CU o --i CH --1 Ht t a . oc / o t o --j au amiau d

/O --1 lo O 3j 00 CD UNIVERSITY & s m ^ S ? GB$&IA ta STATEMENT F0ForEDYUeGaArTiIndNe LdAJNunDeC3E0N,EM19I5E0XPENDITURES A j | ! Hi tO /O O am j h am a H, Adm inistrt il and Generai '`w S' ib P h y s ic a l torjsDO H, P la n t ,'t> Hi LO f"y\ L ib r a r y Q,< I n s t r u c t i o n Hi Ht --J JO ro t a 0 4 O AD t a 97015 4 jV v ,613 590 ,81*2185 $ IU $ 322,609 .21 I 9w 9 ! ? ? i o W 6' 08f o U $193. 861.75 J p tiS , $1,922,1389.84 5 16 ,^ 0 6 925JEQ-J ,863 ite i io i- t- am t a i 196 li o j 6 5 2 |0 4 * 5147,368 C" 1 ,7 9 1 4 ,4 ^ 7 o 6 3 ,,267627[1i5S1J ,793IPSQ g ^ |

p I Hit Extension: "ligi 2 7 2 ,l+ || f 195,liil?.28I I4.9L, i|^> 257.,775WffHS | 995.3&$4 T o ta l E x p en d itu res o 3. 695. 29 152 7 3 8 - 9 1 O^ 2149^97.9^4 3,9l4021fNlp 32cr77c;9p9 653.6^7fS 36a^ 6a,2a3 I6 ? ltl8 9 j, | l 0, 124g ^ W S MEDICAL M edical C o lleg e o f Georgia JUNIOfe UNITS G eorgia Southw estern C ollege West G eorgia C ollege M iddle Georgia C ollege South Georgia C ollege Abraham B aldw in A g r ic u lt u r a l C o lle g e TOTAL JUNIOR UNITS NEGRO UNITS Albany S ta te C ollege Fort V a lley S tate C ollege Savannah S ta te C ollege TOTAL NEGRO UNITS $ 36,090 -<4 0 U D /O a*/>i $,,10^389.146 $ 290, 0jL9.39 1 loI--3 ali a --3 au $ 1U9.658 I4J0S f A>$ H i23, 533.1*9 -9 0 $p~3g 8la 5i H $ 3 W % ^30,976.U9Kjk^ /v , -~23. 936.89 H ,22,136.ll* r--ilrfc~A-L*54a2S12!H82-3 H, 0 2 6 , 1+76.U3 Cd ! /D C05;83iL12a ' V rj% 1 $ 127. 059.V 4 $ 27,791.26 $ 1+8, 4 3 .70 73, 172.76 58,8|+3.79 76,998.28 67, 2^3,10 32I+, 5&1.63 10 I 44.048 7537..592392 $ 175.510 g ^ ^ 2 6 ,5 2 3 . Ja92l ^ . . 69, 856. , 7 l}93d / p am60, 915. ro 31: ^ 3 .5 7 .2 9 5 . 1 /ojT sa"1 H s3^50i>]Q $ 121,663.79 190,5l3.75 28l+,96.03 597. 1* 3. 57' $197ly ? j.g l $,,, . 90, 982.77 ! b ^ / am / jj * 11-4 AMA > .M C D H Y il Irr ^2 .>;?$ 1 j m m S.AUJ O O ' W f. $ 314^.97 p-CH 3U.1 5 ^ .5 7 ............ j0 t lo au ira n tma au io ma 1886S.75 . . AM* 6,g74'39- kP au ry - i 7#>l49 Th J Ili 14,847.0$ IIaj i 17,66fc5l 2 2 ,5 1 0 4 4 .7 0 ^ 4 56,2l$7'| 9,124.40 70,1$. $ 67ff27Sj6jgj wS M K * 11106095^ 15333f-453^ 1 1 2 ,6 8 0 _.2 5 -* U43tl35'40? > 183i.^97.:9 ^ t 70l44i09-i3^ 93 t t 209 6fe 1+12, 1416^83 1+68, 18^61 $ 1, 090. 551&5 EXPERIjJENT A AGRICULTURAL EXTENSION G eorgia Experiment S ta tio n C oastal P la in Experiment S ta tio n A gricu ltu ral E xtension Service TOTAL EXP. A AGRIC. EXTENSION GENERAL Central O ffice Job E valu ation Survey S o il C onservation Committee U n iv e r sity System Survey TOTAL GENERAL GRAND TOTAL Ui,965 12210,,705888 $ 183,812 82, 015.35 3, 990.29 1+2, 727.90 128, 733.514 1 , 1)91, 8-1-+-8--.-8T1,, O LO- /"Vii LO --* O CO 10 14 ' 2 9 , 282. 13 18, 676, 1+, 562.35 \rn O A l-- J H O OO \- : $ r * to # ^ 0 v ^ 9 .8 o JO 251, 896. 1 3 ' 1 ,629, 8m . 5T[ ^ $ 10, 309. 8^ $ ,4:810, 735.93 ,6 2 9 ,8 e .5 7 1O-9 h9 ^CC&tJ<2o$DO3, ctH Hl PHPS Hi (Id --4 ----Hi--- 1 5 ,8 7 0 .1 2 cd P-i 4O-9 Ht O Ht Cf* HatUtJto:o>$a3-.r5'Y0*OCtOMoJV0rJ-,,2*H O ii f--i g&3 I 707. 3 9 . -Ht 6-, CO > 1-3 to O 4-9 <+ ca O tr H *CS---$25^ 3U ,50U-21 p H# 0 * 1 H* Cl $ 63583U.91 296. 923.U9 1. 7149, 9140.76 $ 2, 682, 699.16 82, 015.35 3, 990.29 15, 870.12 142, 727.90 F ~+I+, 603.65 $15, 1425, 1496. 21+ UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF CURRENT AUXILIARY INCOME FOR YEAR ENDED JUNE 3 0 , 1950 D orm itories D ining H all B ookstore A partm ent s O ther T otal *\ - Aj ui !w SENIOR UNITS U niv. o f Ga. - A thens $ A tlan ta D ivision Ga. I n s t, o f Technology N orth Ga. C ollege G a. S t a t e C o l. f o r Women Ga. T eaohers C ollege V aldosta S ta te C ollege TOTAL SENIOR 3 2 8 ,1 5 9 .3 1 31+0, 617.03 1*1.1*95.25 87,575.91* 1*5.252.05 30,1*31**82 1*1*2, 1*27.17 5 5 3 ,1 9 1 .8 2 li+2, 588.60 296. 017.95 1 8 0 ,5 8 5 .3 1 80,91+3.96 b 1*92, 285.76 163, 76!+. 18 L1 80,830.51 l,3 l* 3 ,7 0 2 .7 5 v 1*5.595.77 2 0 9 ,3 5 9 .9 5 892,735.12 175,000.33 8 5 ,1 1 5 .2 3 2,01+6,659.53 1 55, 1*58.38 16, 622.98 1*7,1*70.97 303, 636.18 K 2 7 ,3 9 9 .3 9 9, 81+6.00 l+ l,8ll+.26 1*62, 653. 51* .1I l ( 1+5,101.91* 3,61*7.00 8, 361. 1*5 282,91*7.75* 1 ' \ 1 0 ,6 1 9 .3 7 121, 998. 15v I a 5557irong" MDICAL M edical C ollege o f Ga. $ +1+, 5 2 8 .8 5 + ,795.2 6 1+9.321+.11: JUNIOR UNITS Ga. S outhw estern C ol. $ W est Ga. C ollege M iddle Ga. C ollege South Ga. C o lleg e Abraham B ald . A g ric . Col TOTAL JUNIOR T 1 8 ,5 2 0 .1 6 26,1+05.1+1+ ll+ ,3l+6.00 2 1 ,5 9 1 .3 2 2 2 ,1 9 6 .1 5 1 0 3 ,0 5 9 .0 7 67, 86!+.57 9 1 ,7 3 6 .7 7 U 8 ,0 8 0 .6 0 85,3++.59 9 l+ ,l3 0 .7 2 3 8 7 ,1 5 7 .2 5 25,91+1.17 1 3 ,1 3 9 .3 1 22, 653.1+0 2 2 ,1 5 7 .7 7 20, 8 2 1 + .8 5 10l+,7l 6.50 +,762.13 5, 121.60 6, 139,39 16, 023.12 13, 61+5.08 277.75 2 ,0 7 7 .3 7 16, 000.20 1 1 7 ,0 8 8 .0 3 lU + ,926.60 4 I * 90,1+79.35 ,, 1 3 1 ,1 7 1 .0 5 ^ 11+3, 291. 1 1 -r "06,956.11+'. *3 i*> a NEGRO UNITS A lbany S ta te C ollege F t. V alley S ta te C ol. Savannah S ta te C ollege TOTAL NEGRO $ 17,1+03.19 2 2 ,7 8 9 .2 8 2 0 ,5 7 5 .7 0 60, 768.17 6 1 ,1+0 1 .3 0 1 1 3 ,3 1 3 . 101,1+35.95 276, 150.88 9,526.1+3 15,81+9.36 60,718.1+3 86, 091+.22 5,111.13 8,768,17 1+, 263. 1+1+ 8 ,9 2 5 .5 1 9, 37+. 57 17, 693.68 88,330.92 > 165,831.57 * 195,919.03 f 1+50, 081.52 V GRAND TOTAL 1,037,3 6 1 .6 1 + 2 ,3 5 9 ,0 6 2 .9 1 + 1 ,9 2 2 ,7 0 3 .7 1 230, 51I+.OO 31+7,677.33 5 .0 9 7 ,3 1 9 .6 2 ,4 G] - 22- UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF CURRENT AUXILIARY EXPENDITURES ; FOR YEAR ENDED JUNE 3 0 , 1950 D orm itories D ining H all B ookstore A partm ent s O ther T otal ^ SENIOR UNITS . U niv. o f Ga. - A thens spit- A tlanta D ivision Ga. In st* o f Technology North G eorgia C ollege Ga. S t a t e C ol* f o r Women Ga. T eachers C o lleg e V aldosta S ta te C ollege m TOTAL SENIOR 227, 587.15 1*35. 156.26 3 7 7 ,5 2 7 .7 3 7 3 ,5 5 6 .7 8 1,113,8J?7.92 180,1+25.65 6 ,1 2 7 .7 0 186, 555.35 169, 51!*.75 3 5 ,0 5 8 .7 8 519, 87l *.81 1 3 7 ,6 8 6 .5 0 563 ,6 7 5 .7 8 5 8 ,1 7 8 .7 5 7 8 ,5 1 2 .8 5 1,389,756.91+ 1+5,612.71 5 ,3 7 3 .2 6 55,1+81.31+ 279, 212.59 7 5 ,2 8 2 .7 7 2 6 3 ,2 2 3 .9 6 23, 2l+l+.22 3, 21+7 . 1+2 3 5 ,3 7 5 .6 8 l+oo, 37I+.05 1*8,165.81* 1 6 2 ,5 7 3 .0 7 1+1,1+33.1+8 5,72l+ .09 12, 073.82 269, 970.30 W+.319.35 6 3 ,7 3 5 .5 1 9,600.31+ 1 1 7 ,6 5 5 .2 0 5 9 9 .9 2 8 .6 U 1 ,5 8 2 ,2 5 0 .1 1 1, 21+1, 519.91 72, 523.52 261, 128.17 3, 757, 350.35 |f- MEDICAL M ed ica l C o lle g e o f Ga, 1+5,1+68.92 5, 11*8.67 5 0 ,6 1 7 .5 9 JUNIOR UNITS Ga. S outhw estern C ollege $ 23,177.13 L West G eorgia C ollege M iddle Ga. C o lleg e L S o u t h Ga* C o lle g e 21,328*79 1 3 .7 7 5 .8 3 1 5 ,2 0 0 .8 7 Abraham B ald . A g ric . Col] e g e l8 ,2 26.95 TOTAL JUNIOR 91, 709.57 60,125.9U 77,112.1+2 1+8,680.23 65,1+56.81 92J+ 1U.30 31*3.789.70 3 0 ,3 3 2 .9 5 i+, 650.23 12. 369.21 21.2U.1+6 1+, 6 2 2 .7 0 19. 258.21 1 8 ,8 7 1 .5 1 1+,986.51 102, 256. 3U 1U ,259.I+I+ II+ 166.19 286.60 1, 886.69 8,1+82.21+ 2l+,821.72 118, 286.25 I 2I+,976. 6 8 8 ,7 8 9 .8 2 1 0 1 ,8 0 2 .5 8 11+2,981.51 576, 836.77 NEGRO UNITS Ia Albany S ta te C ollege F t. V a lle y S ta te C ollege ^4 S avannah S t a t e C o lle g e TOTAL NEGRO $ 16,1+37 *1+5 18, 012.26 1 6 ,7 7 1 .5 0 $ 51, 221.21 65,605.1+3 1 0 2 .6 0 7 .3 9 1 0 0 .3 5 7 .3 9 2 6 8 ,5 7 0 .2 1 8, 669.02 1 5 ,1 5 8 .1 2 7 3 ,6 9 5 .9 6 9 7 ,5 2 3 .1 0 3. 500.01 1, 865. 31* 5, 365.35 6,l*3l*.97 11, 085.97 17, 520. 9!* 9 0 ,7 1 1 .9 0 11+5,712.75 2 0 3 ,7 7 6 .1 6 1+1+0,200.81 .62 I GRAND TOTAL 71*2,859.1*2 2, 19+, 610.02 1,1+ 86,768,27 92,11+8.31 3 0 8 ,6 1 9 .5 0 *+, 8 2 5 ,0 0 5 .5 2 4 -23- UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF OTHER NON-EDUCATIONAL INCOME FOR YEAR ENDED JUNE 3 0 , 1950 SENIOR UNITS U n iv e rsity of G eorgia Ga. I n s titu te o f Technology Ga. S t a t e C o lle g e f o r Women G i f t s 9c S tate Endowment G ran ts A llo tm e n t * 500.00 10,766.63 i,557.oo 35, 185.39 4,765.70 1,000.00 O ther T o tal 11,266.63 36.7u2.59 5.765.70 NEGRO UNITS F o rt V alley S ta te C ollege 2, 800.00 2, 800.00 GENffiAL ACTIVITIES G raduate E ducation fo r Negroes R egional C ouncil on E ducation TOTALS 61+, 500.00 614,500.00 29,000.00 25.35 29,025.35 | 6, 822.70 78, 752.02 61+, 500.00 25.35 150,100.07 STATEMENT OF OTHER NON-EDUCATIONAL EXPENDITURES FOR YEAR ENDED JUNE 3 0 , 1950 Fellow ships S cholarship s O ther n T o t a l < A'4 SENIOR UNITS U n iv e rsity o f G eorgia Ga. I n s t i t u te o f Technology Ga. S t a t e C o lle g e f o r Women NEGRO UNITS F o rt V alley S ta te C ollege $ 1,000.00 8, 882.28 17. 735-iU 18,762.61+ 3,069.00 2,023.00 800.00 600.00 665.82 A) m 10, 1+82.28 ^ i ij* 37,161.60 3,069.00 2,823.00 p 1 GENERAL ACTIVITIES G raduate E ducation fo r Negroes R eg io n al C o u n cil on E d u ca tio n 61, 728.17 '. 61, 728.17 t' f * ft 5+ 1+8,250.00 1+8,250.00 TOTALS $20,756.iU 93.2U2.09 U9. 515.82 l 63, 5lU.05 IV -V kV - 24- (y m 70 4 I 00 UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF UNEXPBJDED PLANT FUND INCOME FOR YEAR ENDED JUNE 3 0 , 1950 SENIOR UNITS U n iv e rsity o f G eorgia Ga. I n s titu te o f Technology N orth G eorgia C ollege Ga* S t a t e C o l. f o r Women S tate A llotm ent G ifts and G rant s Govern m ental O ther Than S tate Sale of P lant A ssets O ther T otal 4 5 .0 0 0 . 00 229,1+30.67 9 ,5 0 0 .0 0 15. 000. 00 5 0 ,0 0 0 .0 0 1 6 ,8 1 8 .6 5 6 1 ,8 1 8 .6 5 3,5 0 0 .0 0 281.25 283,211.92 9 ,500.00 15, 000.00 00 JUNIOR UNITS 35 Ga. S outhw estern C ollege 1 6 ,5 0 0 .0 0 07 South G eorgia C ollege 1 1 ,9 0 0 .0 0 Abraham Baldw in A g ric . C o lle g e 1+,000.00 16, 500.00 11, 900.00 4 ,0 0 0 .0 0 EXPERIMENT STATIONS G eorgia E xperim ait S ta tio n Ga. C o astal P la in Exp. S ta . 53,000.00 5,000.00 5,000.00 53,000.00 TOTAL $154,900.00 229,1430.67 50,000.00 25,318.65 281.25 459,930.57 05 ,4 -2 5 - UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF UNEXPENDED PLANT FUND EXPENDITURES Plant Additions Buildings & Improvements Land Additions Other Than _______ To Buildings Buildings Equipment Indebtedness Retired Interest On Indebt- edness Other Expenditures T otal SENIOR UNITS U n iv e rsity o f G eorgia A tlanta D ivision Ga. I n s t , o f Technology N orth G eorgia C ollege Ga. S t a t e C o l. f o r Women Ga. T eachers C ollege V aldosta S ta te C ollege ft 598.40 2 6 ,4 7 9 .7 9 2 ,0 0 0 .0 0 2 ,5 0 0 .0 0 8 5 2 ,5 1 1 .9 5 2 ,1 4 1 .7 6 3 9 9 ,9 0 0 .4 1 3 1 ,3 8 1 .7 3 6 2 ,9 7 7 .4 3 3 ,0 4 2 .0 0 4 ,7 6 9 .7 0 4 5 ,8 1 9 .5 1 3 7 ,5 5 3 .8 8 638.20 2 ,8 0 3 .7 6 2 9 ,2 4 8 .2 3 1 3 ,1 1 5 .0 0 66,250.71 313,664.19 3 ,0 9 4 .6 7 851.91 9,546.28 3,530.53 1 3 ,2 8 8 .4 1 79,877.29 47,771.41 1 ,1 3 7 .8 4 3,875.00 14,769.27 9 4 0 ,8 6 8 .1 0 1 5 ,8 5 5 .1 6 7 7 1 ,4 9 7 .6 8 3 9 ,1 0 4 .3 5 9 7 ,1 9 8 .5 1 5 ,8 4 5 .7 6 4 ,7 6 9 .7 0 MEDICAL M edical C ollege o f Ga. JUNIOR UNITS Ga. Southw estern C ollege West G eorgia C ollege i M iddle G eorgia C ollege o> South G eorgia C ollege Abraham B ald . A g ric . C o l. 3 ,5 6 8 .5 8 1 4 ,5 7 5 .3 4 3 ,5 6 4 .4 3 7 ,6 3 3 .7 0 6 ,5 1 2 .3 4 4 ,1 5 1 .2 1 1 ,0 7 7 .5 1 3,071.27 10,631.88 673.60 7 1 4 .6 4 7 ,7 1 9 .7 9 1 5 .6 5 2 .8 5 3 ,5 6 4 .4 3 2 1 .3 3 6 .8 5 7 ,9 0 0 .5 8 NEGRO UNITS F o rt V alley S ta te C ollege Savannah S ta te C ollege 4,986.16 4,323.28 5,417.59 3,315.96 1 ,0 8 7 .7 0 1 ,1 5 2 .6 0 961.55 21,358.26 864.40 3 2 ,7 1 6 .9 5 1 0 ,7 5 0 .5 5 EXPERIMENT STATIONS G eorgia Experim ent S ta tio n Ga. C oastal P la in Exp. S ta, 3 ,5 0 0 .0 0 2 3 ,4 8 4 .4 8 3 ,5 0 0 .0 0 2 3 ,4 8 4 .4 8 TOTAL ft3 1 5 7 8 .1 9 1 .4 2 9 .9 6 7 .6 0 1 0 2 .3 5 0 .6 7 1 0 4 .4 3 0 ,6 9 U 9 . 5 3 5 . l 6 1 0 0 ,0 0 4 .4 9 8 3 ,8 9 8 .9 4 2 ,0 0 1 ,7 6 5 ,7 4 -4 \ -i: ? j | ** A % ?h> m m A Jt f ; i t ^ qt M I 3 l R E G E N T S A L L O T M E N T A C C O U N T St GENERAL A C T I V I T I E S FINANCIAL REPORT FOR THE YEAR ENDING JUNE 3 0 , 1950 -27 +V REGENTS ALLOTMENT ACCOUNT BALANCE SHEET June 30* 1950 ASSETS GENERAL Cash in Bank Due from Savannah S ta t e C o lle g e Due fro m U n i v e r s i t y S ystem B u i ld i n g A u t h o r i t y TOTAL ASSETS LIABILITIES GENERAL A ppropriated fo r B uilding R entals U nappropriated Surplus TOTAL LIABILITIES AND SURPLUS . 5 2 8 ,3 5 3 .1 9 38 000.00 15. 000.00 581, 353.19 t l*70,Ci*0.00 1 1 1 ,3 1 3 .1 9 * 581,353-19 STATEMENT OF RECEIPTS AND DISBURSEMENTS For Year Ended June 30. 1950 A. RECEIPTS S ta te of G eorgia R egular A p propriation S pecial A ppropriation S p e o ia l A p p ro p ria tio n - Animal D isease Lab. I n te r e s t on C o n s titu tio n a l Debt TOTAL APPROPRIATION FROM STATE OF GEORGIA 5*170,000.00 1 ,0 0 0 ,0 0 0 .0 0 50, 000.00 8, 000.00 $ 6,228,000.00 -vii Refunds on A llotm ents fo r P revious Y ears: U n iv e rs ity System Survey C o n stru ctio n D epartm ent R egional C ouncil on E ducation TOTAL REFUNDS 12, 1+00.00 1+.55U.17 29, 000.00 $ 1+5.931+.17 T ra n sfe rs from U n its o f U n iv e rs ity System Revenue C o lle ctio n s TOTAL RECEIPTS B. DISBURSEMENTS To U n i t s f o r E d u c a t io n a l & G e n e ra l O p e r a tio n s Revenue C o lle c tio n s $10,31+1.588. 2l+ Regents A llotm ent ' 5,+96,1+18.00 $ 1 5 ,8 3 8 ,0 0 6 .2 1 + To U n i t s f o r P l a n t A d d i t i o n s ------ ------ -- 15l+,900.00 To U n its f o r O th e r N o n -E d u c a tio n a l A c t i v i t i e s 61+,5 0 0 .0 0 To U n i v e r s i t y o f G e o rg ia Endowment Fund 8 ,0 0 0 .0 0 Advance to Savannah S ta te C ollege 3 8 ,0 0 0 .0 0 Advance to U n iv e rs ity System B u ild in g A u th o rity 1 5 ,0 0 0 .0 0 v9 i TOTAL DISBURSEMENTS ------------------------- Excess o f R eceipts over D isbursem ents Cash B a la n c e , J u l y 1, I 9I+9 Cash B alance, June 30, 1950 $ 10, 3U l, 588. 21+ $16,615,522.1+1 $ 16, 118, 1+0 6 . 21+ $ 1*97,116.17 3I . 237.O2 $ 528,353.19 -2 9 - GENERAL ACTIVITIES BALANCE SHEET June 30# 1950 GENERAL Cash in Bank ASSETS TOTAL ASSETS GENERAL S urplust C entral O ffice S o il C onservation G raduate Education R egional C ouncil TOTAL LIABILITIES & SURPLUS LIABILITIES STATEMENT OF CURRENT INCOME F or Y ear Ended Ju n e 30# 1950 A. EDUCATIONAL AND GENERAL G overnm ental - S ta te of G eorgia R egents C en tral O ffice S o il C o n serv atio n Committee Job E v alu atio n Survey TOTAL GOVERNMENTAL G ifts and G rants Regents C en tral O ffice O ther Souroes I n te r e s t on Temporary Investm ents U n iv e rs ity System Survey TOTAL EDUCATIONAL A GENERAL INCOME N on-Incom e T ra n sfe r from U n iv e rs ity o f G eorgia Job E v alu atio n Survey T ra n sfe r from Ga. I n s t i t u te of Technology Job E valuation Survey TOTAL EDUCATIONAL A GENERAL RECEIPTS B. OTHER NON-EDUCATIONAL G overnm ental - S ta te o f G eorgia G raduate E ducation fo r Negroes G ifts and G rants R egional C ouncil on E ducation O ther Sources I n t e r e s t on Tem porary In v estm en ts R egional C ouncil on E ducation TOTAL OTHER NON-EDUCATIONAL INCOME TOTAL CURRENT INCOME TOTAL NON-INCOME RECEIPTS TOTAL CURRENT RECEIPTS -30- i48.519.9u U8.519.9u y >A% ;I yl |g a --Ajii. 16,371.65 9,129.88 22,21+3.06 775.35 ue.519.9U U8.519.9U ------------ -- !H v m *9 82,009.71 25,000.00 2,990.29 m o , 000.00 >9 $ 3,000.00 I 127.90 n3.127.90 1V 500.00 .1H 500.00 y. U U .12 7 .90 > 61+, 500.00 AI /I # 29,000.00 r*fll 9 25.35 93.525.35 r I 1" 206,653.25 1,000.00 *207,653.25 -H _rtll -#ll | ,Jk jM | fc. \ ki GENERAL ACTIVITIES STATEMENT OP CURRENT EXPENDITURES For Year Ended June 30, 1950 A. EDUCATIONAL & GENERAL ADMINISTRATIVE & GENERAL Regents C en tral O ffice Job E v alu atio n Survey U n iv e rs ity System Survey TOTAL ADM. & GENERAL T otal O bjeot C la s s ific a tio n O perating P ersonal S upplies & S ervices Expense Equipment * 82,015.35 3,990.29 1*2,727.90 *128,733.51+ | 61+.979.29 3,598.60 35.571.30 *lolt,ll*9.19 16,869.56 391.69 7,156.60 I 2U,1*17.85 166.50 166.50 EXTENSION yk S o il C onservation 15,870.12 10,1*11.26 1*,980.86 1*78.00 TOTAL EDUC. GENERAL EXPENDITURES 11^,603.66 in*, 560.1*5 * 29.398.71 61*1*.50 ?f I NON-EXPENSE *S T ran sfer to A llotm ent Acoount U n iv e r s ity System Survey* $ 12,1*00.00 C o n stru ctio n D epartm ent I*,53l*-17 TOTAL EDUC. & GENERAL DISBURSEMENTS *161,537.83 iA B. OTHER NON-EDUCATIONAL J* 'H G raduate E ducation fo r Negroes | 61,728.17 hm R egional C ouncil on E ducation 1*8,250.00 61,728.17 1*8,250.00 TOTAL OTHER NON-EDUCATIONAL EXPEND. 109,978.17 *109,978.17 f ?o y S vi 4 NON-EXPENSE T ran sfer to A llotm ent Account R egional Council on E ducation TOTAL OTHER NON-EDUCATIONAL DISB. 29,000.00 158,978.17 Hit' W- TOTAL CURRENT EXPENDITURES *251+, 581.83 ill*, 560.1*5 *139.376.88 61*1*.50 --f TOTAL NON-EXPENSE h9 TOTAL CURRENT DISBURSEMENTS l*5.93l*.l7 300,516.00 -31- GENERAL ACTIVITIES STATEMENT OP CHANGES IN CASH BALANCES Y ear Ended Ju n e 30 1950 Regents Central Office Soil Conservation Committee Graduate Education Job Evaluation SurveyUniversity System Survey Regional Council on Education Construction Department TOTAL Balance July 1, I9I49 Receipts Disburse- Balance ments June 30 , 1950 13,377.29 19.ltfl.23 55,000.00 l+9,ooo.oo U.53U.17 $ 85,009.71 25,000.00 6+,500.00 3 ,9 9 0 .2 9 27.90 29, 0 2 5 .3 5 * 82,015.35 15, 870.12 61,728.17 3,990.29 55, 127.90 77,250.00 u ,53^.17 16,371.65 9,129.88 22,21+3.06 775.35 $11+1, 382.69 207,653.25 $300,516.00 U8.519.9U -32- i1 AH fiK ^ ` A 1A AM A V '4 ^* Al | ^ #1 T H E U N I V E R S I T Y OF G E O R G I A FINANCIAL REPORT For th e Year Ending June 30# 1950 The U n iv e rs ity o f G eorgia A thens9 G eorgia -33- THE UNIVERSITY OF GEORGIA Athens, Georgia President Jonathan C* Rogers The University of Georgia Athens, Geo rgia Dear President Rogers* I am submitting herewith my annual report as Comptroller and Treasurer of t h e U n i v e r s i t y o f G e o rg ia , f o r t h e f i s c a l y e a r e n d in g Ju n e 30 ^950# w h ic h co n sists of the following schedules* Balance Sheet ........... Summary of Current Income Statement of Educational and General Income Statement of Auxiliary Enterprise Income Statement of General Extension Income . Statement of Other Non-Educational Income Summary of Current Expenditures . . Statennt of Educational and General Expenditures Statement of Auxiliary Enterprise Expenditures . Statement of General Extension Expenditures . Statement of Other Non-Educational Expenditures Statement of Operations of Restricted Funds . Statement of Trust Fond Balances . Statement of Trust Rind Balances by Rinds Summary of Trust Fund Investments Detail of Endowment - Governmental Bonds Detail of Endowment - Stock Common Detail of Loan Fund - Governmental Bonds . Detail of Loan Fund - Stock Common ........... S chedule "A" S c h e d u le "B" S c h e d u le "Btt-1 -A Schedule "B *-l-C Schedule nB "-l-B Schedule *B"-1-D Sohedule "C" S c h e d u le WC "-1 -A S o h ed u le "Cn-1 -C S c h e d u le *CW-1 -B S ohedule "Cn-1-D S oh ed u le "D" Schedule "E" S c h e d u le wEtt- l Schedule " "-2 -1 S c h e d u le "Ew- 2 - 2 S c h e d u le mEh- 2 - 3 Schedule "En-2-U S c h e d u le En-2-l+ -34- P re sid e n t Jonathan C. Rogers S ta te m e n t o f R e c e i p ts and D is b u rs e m e n ts T r u s t Funds S c h e d u le nEw- 2 - 5 S tatem en t o f Changes in Cash B alances S chedule *F" S tatem en t of Agency Funds S o h e d u le " Gn S ta te m e n t o f U nexpended P l a n t Rands ............................. S c h e d u le ttHn S ta te m e n t o f In v e s tm e n t i n P l a n t . .............................. S c h e d u le "H**-! R esp ectfu lly subm itted, D ated At A thens, G eorgia Septem ber 1 , 1950 J D* B o lto n C om ptroller -35- COMMENTS SCOPE T h is r e p o r t i s made on a cash r e c e i p t and d isb u rse m e n t b a s i s , w ith th e e x c e p tio n o f th e B alan ce S h e e t, 'which r e f l e o t s a l l known a s s e t s and l i a b i l i t i e s , in c lu d in g b o th a c c o u n ts re c e iv a b le and accounts p ay ab le. T his re p o rt covers only th e U n iv e rsity of G eorgia p ro p e r, a t A thens, G eorgia and does n o t in o lu d e^th e A tla n ta D iv isio n , A g ric u ltu ra l E xten sio n S erv ice and th e Experim ent S ta tio n s In d iv id u a l6 re p o rts ^ w ill b e s u b m iU e ! by fe e , ag en cies inasm uch as t h e i r acco u n tin g reco rd s are e n tire ly separate. EDUCATIONAL AND GENERAL INCOME The fo llo w in g t a b l e r e f l e o t s co m p arativ e income and p e rc e n ta g e s o f inoome to th e t o t a l fo r a th ree year p erio d . Source S tudent Fees Endowment F ed eral S tate S ta te D epartm ent H ealth O ther S ta te s V ocational U. S. Navy R esearch C larke County O ther C ounties G ifts and G rants R en ts O ther V et. Guidance 191+7-1*8 Amount Per c e n t 2, 513,527 21,220 86, 1+35 75U,U90 66.75 .61 2.1+9 21.77 120,802 8,2L+8 25,812 85.297 2 ,2 7 5 1+.121+ 1+3.528 3.1*9 .21+ 7U 2.1+6 .07 .12 1.26 19U8-U9 Amount P e rc e n t 1.981*, 231 16, 1+00 82,61+1 1 ,0 7 7 .0 0 0 l,li+ 2 56. 6O .1+7 2.36 3 0 .7 2 .03 131.093 11+.987 2 9 ,0 9 5 3. 71+ A3 .83 9 U .3 5 5 1,1*51 38,533 3U.768 2.69 .oU 1.10 .99 19+9-50 Amount P e rc e n t 1.61*3,565 17,700 88,01+2 1, 306,799 3,368 2,250 11*7 .1 7 1 7 , 91*1* 28,782 l+,620 ' 1*8,619 2,23l* 22,1+26 32,377 1*8.97 .53 2 .6 2 3 8 .9l+ .10 .07 u .38 .21+ .8 6 .11+ 1 . 1*5 .07 .67 .96 TOTALS $ 5,1+65,558 100.00 15 505*696 100.00 $3*355 997 100QQ EXPENSES The fo llo w in g ta b le p re s e n ts a com parison o f E x p e n d itu re s f o r E d u c a tio n a l and G en eral purposes fo r four y ears. Function 191+6-1+7 A dm inistration G eneral P lan t O perations L ibrary In s tru c tio n (N et) Research (N et) S ervices R elated to W4-ar>einn ( ^ S u b -T o tal uuuiay In stru ctio n $ 91+.886 124,1+1+1 l20l+733 (N et) o il +1,243 155,311+ 2,121+, 385 229,527 TOTALS 2. 353.912 -36- 191+7- 1*8 11*5,329 114+.377 318,027 180,395 1 ,6 7 5 ,6 2 6 162,679 5.901 21*1,857 2 , 871*. 191 988,373 $3,862,561+ 191+8-1+9 161,989 ll+ l,6l8 367,01+5 191,255 1 ,8 2 9 ,0 1 0 237,969 13.972 271+.351* 3 ,2 1 7 ,2 1 2 799.950 tli.0 1 7 ,1 6 2 I 9U9-50 $ 135,688 165, 1+28 310,122 186,061 1 ,8 5 2 ,6 3 1 232,900 5U.51U 233*^+76 3 ,1 7 0 ,8 2 0 117.799 3 .2 8 8 ,6 1 9 The following table centages to the total. is a com parison of th e proceeding e x p e n d itu re s , expressed in per-- F u n ctio n Administration General Plant Operations Library Instruction Research Services Related to Instruction (Net) Extension Outlay TOTALS P ero e n t 1946-47 4 . 53 4 .0 3 12.97 5.29 51.18 3 .9 0 1 .7 5 6 .6 o 9 .7 5 100.00 P erc en t 1947-48 3 .7 6 3. 7I+ 8.23 4 .6 7 1*3.38 4 .2 1 .16 6.26 2 5 .5 9 100.00 P ercen t 1948-49 4 .0 3 3 .5 3 9 .1 4 1+.76 I+5.53 5 .9 2 35 6.83 19.91 100.00 The fo llo w in g ta b le is a stu d y o f In s tru c tio n a l Cost by S chools and C olW * P erc en t 191+9-50 1+.13 5.O3 9.1+3 5.66 5 6 .3 3 7 .0 8 1.66 7.10 3 .5 8 100.00 m ese School or C ollege 1. A griculture 2 . A rts and S cience 3 B u s in e s s A d m i n i s tr a t io n 1*. E d u c a tio n 5* F o r e s t r y 6 . Graduate 7* Home Econom ics 8. Journalism 9* Law 10. M ilitary 11. Pharmacy 12. V e te rin ary M edicine (N et) TOTALS 191+6-2+7 188,107 53*+. 635 65.21*1 171,818 23. 6i*2 26,177 51,109 20,502 26,577 1*,268 15,315 2l*,96o $ 1 ,1 5 2 ,3 3 1 1947-48 $ 222,309 706,150 112,467 214,292 32,759 38,547 86,483 2 7 ,5 8 0 5 1 ,1 0 6 4 ,6 8 3 3 2 ,9 7 8 9 2 ,0 2 3 $ 1 ,6 2 1 ,3 7 7 191*8- 1*9 237,890 707,059 135,293 236,773 33,1*25 1*1*, 9 2 0 86,1*81 29,751 58,228 1*,710 1*0,333 120, 1*22 $ 1 ,7 3 5 .2 8 5 1949-50 $ 248,966 666,765 125.867 235,804 37.187 4 7 ,6 9 7 82,768 28,820 61,170 4 ,5 2 7 4 5 ,8 7 0 149,305 l,73i*,7l*6 t a b l ftTheTTU^ ber o r C o*l,le gHeoufi ns w h ich hours by each School or 111 th e Ms t ui dl iet anrty i sS cmieanjcoer i nangd. th e G rad u ate C ollege is S*ocnhooooxl aa rr ee shown sshnoowwnn in uu nn th e dd ee rr t f h o e l lo S w ing chool School o f C ollege 1. A griculture 3 2. A rts and S cience 3 1 3 B u s in e s s A d m i n i s tr a t io n l*. E d u c a tio n L 5 F o r e s t r y 1 6. Home E conom ics d 7* J o u r n a lis m 8. Law 9 Pharmacy 10. V e te rin ary M edicine TOTALS I 9I+6-47 23,710 166,1442 36,416 15,372 3,793 5*306 , 10,737 11,295 3 .2 8 2 1,614 277,967 -37- Q u a rter Hours Taught 1947-48 191*8- 1*9 $ 29,190 153,461 4 8 ,5 5 3 17,688 7 ,3 9 0 6,291 10,382 14,931 5 ,9 3 8 3 ,6 9 9 297,523 $ 30,485 143,388 51,757 28,007 7 ,7 1 0 5,8144 10,709 11,560 7 ,0 7 7 8,222 $304,759 1949-50 $ 26,750 133,597 38,217 32,261 6 ,1 8 8 6,072 7 ,5 4 2 9 ,9 7 0 6,302 11,111 $278,010 The fo llo w in g t a b l e i s a com parison o f c o s t p er s tu d e n t q u a r te r h o u r by S cho o ls and C olleges fo r a fo u r y ear period* School or C ollege 1 A g r i c u l t u r e 2 . A rts and Soienoes 3* B u s in e s s A d m in is tr a tio n 4* E ducation 5* F o r e s t r y 6 . Home E conom ics 7 Journalism 8* Law 9* Pharmacy 10* V e te r in a r y M edicine T o tal Average Cost P er S tudent Q uarter Hour 19U6-U7 191*74*8 191+8-1+9 7.93 3*21 1*79 1 1 .1 8 6 .2 3 9.63 1 .9 1 2*35 k .6 7 15. 1*6 * 47-.6602 2.32 1 2 .1 2 1+.1+3 1 3 .7 5 2 .6 6 3.1*2 5.55 24.88 # 7.80 4*93 2 .6 l 84*5 4*34 14.80 2 .7 8 5. 01* 5 .7 0 i4.65 1+.15 5.1*5 5.69 191*9-50 * 9.31 4 .9 9 3 .2 9 7 .3 1 6 .0 1 13.61* 3 .8 2 6 . li+ 7 .2 8 13.1*1* * 6.21* AUXILIARY ENTERPRISES INCOME AND EXPENSES S' D e ta ils of income from A u x ilia ry E n te rp ris e s in amount o f # 1 ,3 4 3 ,7 0 2 .7 5 w e shown in S chedule B -l-C . The D e ta ils o f E xpenses am ounting to #1,113*827*92 a r e shown i n S chedule C -l-C . K The B a la n c e S h e e t S c h e d u le "A* r e f l e c t s r e s e r v e f o r R e p a ir s and R e p la c e m e n ts o f #211,385*1+5, a f t e r s e t t i n g up a re s e rv e fo r In v e n to r ie s * p GENERAL,,EXT..E.N.SIO...N.I.AND CORRE'-S-PO1NDENC--E INCOME AND EXPENSES The fo llo w in g summary i s a com parison o f t h e O p e ra tio n s o f G e n e ra l E x te n s io n f o r th e p a s t th re e years* P rio r to 1947-48 th is se rv ic e was o p erated as a se p a ra te u n it o f th e Univ e r s i t y System o f G eorgia* Income 191+7-1*8 Amount Percent 1948-49 Amount Percent 191*9-50 Amount Percent Student Fees State Allotment Other 113.21*9 3 1 .9 2 5 78.01 21.99 # 235*660 40,000 568 85.31 i4.4 8 .21 213.096 53.700 7 9 .8 7 20.13 TOTAL ll*5.17l* 100.00 #276,228 100.00 266.796 100.00 Expenses Administrative & General P la n t Operations Instruction Servioes Related to Instruction Extension TOTAL 36.665 3.233 1*1,895 16,518 61*. 367 22.54 1.99 25.75 10.15 39.57 #162,678 100.00 23,186 1,196 99.1*1*7 23,811* 73.1*52 2 2 1 ,0 9 5 10.49 .54 44.98 10.77 33.22 100.00 # 23,926 1,196 112,317 29,709 82,851 9.57 .4 8 44*93 11.88 3 3 .1 4 #249,999 100.00 -38- D u rin g t h e c u r r e n t y e a r , we h a d t o re f u n d t o t h e V e te r a n s A d m i n i s tr a t io n $5,31+0.15 f e e s c o l l e c t e d d u r i n g I 9I+8-I+9, and i t i s e n t i r e l y p o s s i b l e t h a t o t h e r r e f u n d s w i l l b e r e q u e s t e d . T his i s due t o a r u lin g by th e V e te ran s A d m in istra tio n changing th e p o lic y in b i l l i n g them f o r G. I . S t u d e n t s . O r i g i n a l l y we b i l l e d on t h e b a s i s o f N o n -R e sid e n t S t u d e n t s . A t p r e s e n t , we M i l on a c o s t b a s i s in a c c o rd a n c e w ith a fo rm u la p re p a re d and a d o p te d b y t h e V e te ra n s A dm inistration. m TRUST FUNDS The U n iv e rs ith h o ld s funds in t r u s t as fo llo w s : 4 fi Corpus - Endowment Funds 4 '1 > -i^-| II 4* Loan Funds T o ta l T ru s t Fund Corpus R eserves fo r Purposes of T rust - Endowment Funds I* ' Loan Funds f T o tal T rust Fund R eserves % T o ta l Corpus and R eserves 12,076,51+7.51 511,207.1+8 t g . 587. 75u .99 # 127, 855.73 g30. 607. 3u 358.U63.07 _ 2.9_U6,21_8.06 " w , r a r y . f uh6Se fu n d s i s shown in th e B alance S h eet S chedule "A ". S ta tem en t o f T ru s t B alan ces i s shown in S chedule " E \ and a sta te m e n t o f th e in d iv id u a l fu n d s show ing b a i l e e s nEM-2-3^na nd " E " - 2-l+e E Summari0s o f T ru st Fund in v e stm e n ts a r e shown in S c h e d u l e ^ E ^ - l 1 I f ^ nam r t i z e d b a la n c e o f $1+61+,932.01 due t o T r u s t FUnds fro m t h e U n i v e r s i t y on D u iia in g s . T h is b a la n c e i s b e in g a m o rtiz e d o v er a p e rio d o f 20 y e a r s a t 3%. T here i s a l s o . h" T " TM l 29V alan09 5 P ' 1 *66 d" various f r a te r n itie s , re p r e s e n tin g a L ^ th e ir h o m es. T h ese lo a n s a r e b e in g a m o rtiz e d o v e r a p e r io d o f 20 y e a r s a t l+|$g. t f w hich are b e in g th .f n o w in S lo an s from am ortized over a p erio d of T20r uyset a Fund rs a s t to other 3%: u n its of th e U n iv ersity * System , * 3 N orth G eorgia C o lle g e, D ahlonega, G eorgia 1 G eorgia S ta te C ollege, Savannah, G eorgia 37*076.09 2 7 ,6 6 1 .2 8 T otal t 6U.737.37 A sta te m e n t o f r e c e ip ts and d isb u rsem en ts o f T ru st Funds i s shown in S chedule " E " -2 -5 . I AGENCY FUNDS M I t o t h T l r i o i r 8^ h ? l d s A gency fu n d s a m o u n tin g t o l i 96. 65U .O l. M ost o f t h e s e fu n d s b e lo n g I e v a rio u s stu d e n t a c t i v i t i e s , and th ey a re lis te d in d e ta il in S chedule "G". 5 f PLANT FUNDS m " t h e B u ild w e V t a em ent h! y a l r 0 f L" d * " W W * E q uipm ent and Im provem en ts o t h e r I * i n S o h e d u l ^ H " 1 S 0TO S h e d u le H ~ 1 ' A s t a t e m e n t o f u n ex p en d ed p l a n t fu n d s i s show n' I, l w l l l " r T ^ ^ d i n t Ur aooounts a se c tio n fo r P la n t Funds, and th e s e aooounts la q n d in s am ounted h to i d i l8l e ? 7\ n^ tL )f r ? h r " expended P lant Funds on t t w il1 hand a t be noted on th e B alance th e close of the fis c a l Sheet year I ' ft *l6 o.o 3 1 8 .2 7 0 .U l. A ll o f th e s e funds re p re s e n t work in p ro g re ss w ith th e e x c ep tio n o f * $ 1 6 ,8 1 8 .6 5 w h ich was t h e p r o f i t fro m th e s a l e o f t h e C raw fo rd W. Long o u s e . -39- BALANCE SHEET June 30* 1950 Schedule A ASSETS I , CURRENT FUNDS f1* A . GENERAL Cash on Hand and in Bank (S ch . F ) * I I 8.O3I.O 7 Accounts R eceivable 20i . 696.73 TOTAL GENERAL FUNDS * 319. 727.8 0 B. RESTRICTED Cash in Bank (S chedule F) Accounts R eceivable TOTAL RESTRICTED FUNDS I 93.J1* 1*6,172.07 ----------------------- t U6. 265.l4l m * C. AUXILIARY Cash in Banks (S chedule F) * 197,1*61.71* In v e n to rie s Accounts R eceivable 3 0 ,0 0 1 .0 7 2I+,01*7.26 > TOTAL AUXILIARY FUNDS ----------------------- t 2 5 1 ,5 1 0 .0 7 D. GENERAL EXTENSION Cash in Banks (S chedule F) Accounts R eceivable TOTAL GENERAL EXTENSION $ 1*8,362.18 1+.265.11 # 72,62729 TOTAL CURRENT FUNDS * 690,130.57 I I . AGENCY FUNDS Cash in Bank (S chedule F ) 196, 65U.01 III. ENDOWMENT FUNDS Investm ents: U. S. S e c u ritie s (Schedule E -2-2) O ther Bonds (S chedule E -2 -2 ) P r e f e r r e d & Common S to c k (S c h e d u le R e a l E s t a t e Owned Loans to F r a te r n itie s U n iv ersity o f G eorgia B uildings E -2 -3 ) TOTAL ENDOWMENT FUNDS I 1,560,355.00 160, 000.00 125,266.20 37, 1*65.68 25, 250.00 296, 066.36 * $ 2 , 20U,1*03. 21+ , IV . STUDENT LOAN FUNDS & MISC. FUNDS Cash in Bank (S ch ed u le F) % l 3l+,32l+.90 U. S . S e c u r itie s (S ch ed u le E-2-1+) I 176,625.00 N otes R eceivable - S tudents 1 0 5 ,5 2 0 .5 8 < Common S to c k s (S c h e d u le E-2-1*) 1.00 Loans to F ra te r n itie s 61+,6!+1.66 Savings Account 5 ,1 0 8 .7 5 R e a l E s t a t e Owned U n iv ersity o f G eorgia B uildings N orth G eorgia C o lleg e - B u ild in g Loan 13. 920.99 168, 865.65 37, 076.09 G eorgia S ta te C o lleg e - B u ild in g Loan 27,661.28 599,1421.00 Due from Endowment Funds 8, 068.92 1 TOTAL STUDENT LOAN & MISC. FUNDS 71*1,811*. 82 k 40- ASSETS (Continued) V. PLANT FUNDS A. UNEXPENDED Cash in Bank (Schedule F) B. EXPENDED Land (Schedule H) Improvements Other than Buildings (Schedule H) Buildings (Schedule H-l) Equipment (Schedule H-l) TOTAL EXPENDED TOTAL PLANT FUNDS TOTAL ASSETS Schedule A * 318,270.1+1 # 260, 925.00 1*50, 291.36 8, 893. 630.86 2.587,61*3.52 12,172,1*90.71* 12,1*90,761.15 # 1 6 ,3 2 3 ,7 6 3 .7 9 -41- BALANCE SHEET June 30, 1950 LIABILITIES I . CURRENT FUNDS A. GENERAL Purchase Orders O utstanding U nearned Inoome Reserve fo r Insurance S u rp lu s TOTAL GENERAL FUNDS 19,828*56 70,080*56 3 ,3 2 3 .3 0 226, 495*38 3 1 9 .7 2 7 .80 Schedule A W S ) 1 * rip B. RESTRICTED (S c h e d u le D) Fund B alances +6, 265*141 C . AUXILIARY Purchase O rders O utstanding Reserve fo r In v en to ries S u rp lu s TOTAL AUXILIARY FUNDS 10,123.55 30, 001.07 2ll,385>U 5 * 2 5 1 ,5 1 0 .0 7 D. GENERAL EXTENSION S u rp lu s TOTAL CURRENT FUNDS I 7 2 ,6 2 7 .2 9 $ 690,130.57 I I * AGENCY FUNDS (S c h e d u le G) Find B alances $ 196,65i+.01 I I I * ENDOWMENT FUNDS Due to O th er Funds Reserve fo r Purpose o f T rust Fund B alances TOTAL ENDOWMENT FUNDS 8,068.92 1 2 7 ,8 5 5 .7 3 2,068,1+78.59 $ 2, 2Ql+,+03. 2L+ IV* STUDENT LOAN FUNDS & MISC. FUNDS R e s e rv e f o r P u rp o s e o f Tr u s t Fund B alances TOTAL STUDENT LOAN FUNDS # 230,607.31* 511,207.1*8 sS U 7l*l,8ll+.82 V . PLANT FUNDS A* UNEXPENDED Fund B alance 318,270J+1 B. EXPENDED Due t o O th e r Funds Invested in P lant TOTAL EXPENDED TOTAL PLANT FUNDS TOTAL LIABILITIES & SURPLUS 1+6L+,932.01 1 1 ,7 0 7 ,5 5 8 .7 3 12,172,1+90.71* 12,1+90,761.15 1 6 ,3 2 3 ,7 6 3 * 7 1 -4 2 - SUMMARY OF CURRENT INCOME F o r Y ear Ended Ju n e 3 0 , I 95O Schedule B G eneral G eneral R estricted E xtension A u x iliary T otal EDUCATIONAL & GENERAL 1-Student Fees $1,63U ,202.95 9 ,3 6 2 .5 0 213,095*81 1 ,8 5 6 ,6 6 1 .2 6 2-P ublio A ppropriation W ( a ) S ta te (F or Operating) 1,306,799*00 5 3 ,7 0 0 .0 0 1, 360, 1499.00 (b ) O ther 3-Endowment -G ifts & G rants 5-S ales & S ervices 6- O th e r S o u rc e s 282,177*29 7 ,7 5 0 .0 0 9, 950.00 i48. 6i 9. 3i4 1+06, 678.68 57, 037.26 2 8 2 ,1 7 7 .2 9 17, 700.00 148, 619.314 1+06, 678.68 >7, 037.26 I TOTAL EDUC. dc GEN. $3,1+12,1+67.89 3 5 0 ,1 0 9 .1 3 2 6 6 ,7 9 5 -8 1 14. 029, 372.83 B. AUXILIARY 1- R esidence H alls 2- D ining H alls 3 - Cow T e s t i n g i+-Egg T e s tin g 5 -P rin tin g D epartm ent 3 2 8 ,1 5 9 .3 1 W42. i 427.17 19.770.90 6.339.37 5i4. 720. 2u 328,159.31 i4i42.i 427.17 19,770.90 6,339.37 5i4. 720. 2i4 ' TOTAL AUXILIARY C. OTHER NON-EDUCATIONAL 1- Endowment 2- G ifts & G rants TOTAL OTHER NON-EDUC. 500.00 1 0 ,7 6 6 .6 3 1 1 ,2 6 6 .6 3 1,3143.702.75 1,5143.702.75 500.00 10, 766.63 1 1 ,2 6 6 .6 3 TOTAL CURRENT INCOME NON-INCOME T ra n sfe rs from o th er funds TOTAL CURRENT RECEIPTS 3,1412,1467.89 3 6 1 ,3 7 5 .7 6 2 6 6 ,7 9 5 .8 1 I . 3U3, 7 0 2 .7 5 5,3814.3142.21 882.22 9,530.17 10,1412.39 3 ,1 4 1 3 ,3 5 0 .1 1 3 7 0 ,9 0 5 .9 3 266, 795.81 1.314 3 ,7 0 2 .7 5 5. 39I4. 75U.60 A. EDUCATIONAL AND GENERAL STUDENT FEES N on-Resident T u itio n 1 M atriculation P ractice School N ursery Sohool A tla n ta Area Summer N o n -R e sid e n t Summer M a t r i c u l a t i o n Infirm ary D iplom a STATEMENT OF CURRENT INCOME For Year Ended June 30, 1950 G ner aT Income Schedule B -l-A R estricted" Income T otal -43- 5 2 3 ,6 6 9 .7 2 7 7 2 ,707. 2U ,7 7 9 .0 0 3 206.01 1 1 0 ,8 3 7 .6 8 151, 8 2 7 . 7U U ,209.19 9 ,5 9 2 .0 0 9 ,3 6 2 .5 0 5 2 3 .6 6 9 .7 2 7 7 2 ,707. 2U 7 7 9 .0 0 3, 206.01 9 ,3 6 2 .5 0 1 1 0 ,8 3 7 .6 8 151,887.71* li,2 0 9 .1 9 9 ,5 9 2 .0 0 Schedule B-l- STUDENT PEES (Continued) Health Miscellaneous TOTAL STUDENT FEES General Income Restricted Income Total 1 51.581.35 5 .7 9 3 .0 2 *X,63U,2 02.95 5 1 ,5 8 1 .3 5 5 ,7 9 3 .0 2 9, 362.50 1. 61*3. 565.1*5 PUBLIC APPROPRIATIONS State of Georgia Regular Operations Vocational Funds Department of Health - Mental Health 1 .3 0 6 ,7 9 9 -0 0 1 ,3 0 6 ,7 9 9 .0 0 8l+, 6 6 1 .5 3 3. 367.76 84, 661.53 3. 367.76 Other States Virginia -- For Agric. Educ. Relations Louisiana - For Agric. Eduo. Relations North Carolina - For Agric. Eduo. Relatic s Mississippi - For Agric. Educ. Relations 500.00 500.00 500.00 750.00 500.00 500.00 500.00 7 5 0 .0 0 United States Morrill-Nelson Fund Department of Health - For Malaria Navy Department - For Research Vocational Department of Agric. - For Ag. Engr. 68, 990.00 7 ,3 1 0 .0 7 7,9l4U.OO 62, 509. 1*5 11,71*2.37 68, 990.00 7 , 310.07 7,9l*l*.00 62,509.1*5 11,71*2.37 Counties Clarke County - For Demonstration School Richmond County - For Surveys TOTAL PUBLIC APPROPRIATIONS 2 8 ,7 8 2 .1 1 2 8 ,7 8 2 .1 1 1+, 6 2 0 .0 0 U ,620.00 $ 1 . 306, 799.00 $ 2 8 2 ,1 7 7 .2 9 1 ,5 8 8 ,9 7 6 .2 9 ENDOWMENT Franklin College Alumni Library Alumni Y.M.C.A. Horace B. Russell University of Georgia Foundation For Physics Professor For Theo Dalton B. A. * T. N. Denmark Landsorip Fhnd Mary J. Franklin George R. Gilmer William Terrell Fund TOTAL ENDOWMENT | 1 ,1 0 0 .0 0 5, 250.00 200.00 500.00 7 0 0 .0 0 $ 7 ,750.00 8 ,0 0 0 .0 0 250.00 2 0 0 .0 0 2 0 0 .0 0 1 ,0 0 0 .0 0 300.00 9 ,9 5 0 .0 0 8 ,0 0 0 .0 0 250.00 200.00 200.00 1 ,0 0 0 .0 0 300.00 1 ,1 0 0 .0 0 5, 250.00 200.00 500.00 7 0 0 .0 0 17*700.00 GIFTS AND GRANTS FROM PRIVATE SOURCES Chilean Nitrate Educ. - Bureau for Sodium American Potash Inst. - For Potash General Mills - For Nutrition Emory University - For Atlanta Area Tennessee Corp. - For Minor Elements T. V. A. - For Soil Survey Pacific Coast Borax Co. - For Boron American Cyanamid Co. - For Cyanamid Carnegie Foundation - For Research Tennessee Corp. - For Copper Mrs. J. Hambridge - For Art Museum Mr. Harry Hodgson - For Art Museum Texas Gulf Sulphur Company - For Sulphur General Education Board - For Agric. Educ. delations 6 ,0 0 0 .0 0 1 ,2 0 0 .0 0 2, 500.00 6, 300.00 1 ,0 0 0 .0 0 599.99 1, 500.00 600.00 3 ,3 5 3 .9 0 300.00 25.00 25.00 1 ,5 0 0 .0 0 IO J46O.56 6 ,0 0 0 .0 0 1 ,2 0 0 .0 0 2, 500.00 6, 300.00 1 ,0 0 0 .0 0 599.99 1 , 500.00 600.00 3 ,3 5 3 .9 0 300.00 25.00 25.00 1, 500.00 10,14.60.56 Schedule B -l- G eneral GIFTS & GRANTS (C o n tin u e d ) Income 11 "" I n t e r n a t i o n a l M in e ra l & Chem. C o rp . For H o rtic u ltu re R esearch T. V. A. - For Meat S poilage Tenn. C orp. R esearch Lab* - F o r P in e N u tritio n Atomic E nergy Commission - For R esearch Ga* P o u l t r y Im provem ent A ssoc* - F or V e t. M ed icin e G eorgia H ereford A ssoc. - For L ivestock G e o rg ia Womans C lub - F o r E d u c a tio n M isc* flhom V a rio u s S o u rc e s - For A rc h a e o lo g y T* V* A* - F or M eat R e s e a rc h Dr* A* H* Bunco - F o r P harm acy T r a v e l G eorgia S ta te F lo r is t - For H o rtic u ltu re T ravel Anonymous - For H o r tic u ltu r e T ra v e l C en tral Soya Co. - For D airy D epartm ent TOTAL GIFTS & GRANTS R estricted Income T otal 2, 400.00 2 ,4 0 0 .0 0 869.72 869.72 1 ,0 0 0 .0 0 1 ,0 0 0 .0 0 3,000*00 3, 000.00 1, 500.00 1, 500.00 600.00 600.00 225.00 225.00 235.00 235.00 1 , 659.17 1. 659.17 100.00 100.00 150.00 150.00 16.00 16.00 1, 500.00 1, 500.00 f 4 8 ,6 1 9 .3 4 $ "4 8 ,6 1 9 .3 4 SALES 3b SERVICES D a iry Farm H o r tic u ltu r e Farm Meat C uring P la n t L iv e s to c k Farm F ield Experim ents L itera ry Q uarterly P o u ltry P lan ts Food P ro ce ssin g P la n t P ress V eterinary C linics C ream ery TOTAL SALES 3c SERVICES 31,294.04 11,556.51 151.277.1*2 U.U8U.75 2,1*87.63 1,991.45 26,490.72 12,71+9.25 3l*,19U.53 25.6UU.78 104,507.60 406,678.68 31,294.04 11,556.51 I5I.277.I*2 U.U8U.75 2.U87.63 1,991 J*5 26,1*90.72 12.7U9.25 3U.19U.53 25.6UU.78 104,507.60 $ 406,678.68 OTHER SOURCES V eteran s Guidance A g ric u ltu ra l E xtension Service R ents from P ro p erty I n t e r e s t on Tem porary In v e stm e n ts T ran sfer from Savannah D iv isio n M iscellaneous TOTAL OTHER SOURCES 3 2 ,3 7 7 .4 0 4,000.00 2,234.15 11,830.03 2, 680.67 1 57, 037.26 3 2 ,3 7 7 .4 0 4,ooo.oo 2,234.15 11,830.03 2,680.67 t 57,037.26 TOTAL EDUCATIONAL 3c GENERAL INCOME ,3 ,U l2 ,U 6 7 .8 9 350,109.13 3 ,762,577.02 NON-INCOME T r a n s f e r s fro m O th e r Funds - R e s t r i c t e d Fluidss 882.22 882.22 TOTAL EDUCATIONAL AND GENERAL RECEIPTS $3, 413, 350.11 350. 109.13 3 .7 6 3 ,U59.2U B. GENERAL EXTENSION STUDENT FEES C o rrespondence Columbus C e n te r G a in e sv ille C enter P a rt-T im e | fp gJB >,4. 4b 1 jLj! A- A :M K W* 4 Ri f| iff V* 4/1 >' B A4 S V. M 1 >* 4 b* M4TW 4*1 fJ T1 -56- ,>if >a i, 41 v4 4 w DEDUCTIONS (C o n tin u e d ) S ch o larsh ip s, Awards, etc* C o lle c tio n C osts M iscellan eo u s - Hefund TOTAL DEDUCTIONS BALANCE OF PRINCIPAL, END OF YEAR GRAND TOTAL Schedule Endowment Rind 8 Loan Rinds M iscellaneous Funds $ 1,1*52.08 $ 200*00 231. 51* 3 .3 9 1 .9 2 15.00 $ 78,698.01 $ 18,291.03 $ 2, 196, 331*.32 73i*.9 9 0 .0 6 $ 32, 11*6. 31* 6, 92l*.76 $2,938, llff.lU STATEMENT OF TRUST FUND BALANCES BY FUND For Year Ended June 30, 1950 Schedule E -l 1m t* ** 4-. X. *4f| V* A4 >; B ><1 >41 >1 -y ff #4 4} *\ Fund B alance B eginning Of Year ENDOWMENT FUNDS Fund f o r Advancement o f A rt Alumni L ib ra ry A lum ni Y* M* C* A. W* H* Booook C h a rle s H* B rand C h a rle s McDonald Brown 7. 050.02 11, 597.1*2 ll*,l*03. 5t* 1*02.01 1 , 191.60 1*65, 91)2.19 H enry Brown 2t*, 781. 1*0 W. J* B ryan P r i s e 291.07 B e rn ic e F* B u lla r d E l i z a b e t h M* B u l la r d 23,29i*.i*9 1*9, 027.96 A. F. C h u rc h ill M emorial Edward T* Comer 29. 159. 1i* 23l * , 332. 1*l* Jo e Brown C o n n ally S c h o la rs h ip 2 ,6 1 5 .8 2 May E . Talm adge - D. A. R* Richmond W alton McCurry - D. A. R. 1*. 1*86.77 1, 500.00 B* A. and T* N. Denmark 39.89U .57 W. S . Denmark 1 6 ,9 9 5 .1 0 Eugene and H arry Dodd P h ilip F ein g o ld M emorial 1,1*91.89 1, 027.00 F ran k lin C ollege Mary J , F ra n k lin 1 2 2 ,5 0 7 .0 0 1*, 616.93 G eorge R* G ilm er H arold H irsoh 1 5 ,6 2 2 .1 1 1, 21*6.32 A. L. H ull M emorial I n te r f r a te r n ity C ouncil Jo u rn alism D ean's Clyde L . Jr* and John King 395.21* 1 , 000.00 695.61 12, 500.00 G eorge D* K i t z i n g e r Joseph Rucker Lamar 12, 126. 71* 25, 000.00 L an d so rip Endowment 2l*l*,776.6l* F r a n c is A* Lipscom b 2,053*81 Emma Long Lumpkin Law S c h o o l 567.71 26. 253. 9l* Jo sep h H enry Lumpkin llt,5 l3 .2 li C h a r le s F . McCay 2 6 1 ,0 5 3 .5 7 Edmund M agers G e n e ra l Endowment Isa a c M einhard M emorial 9 9 3 .2 1 A ddit ions 3 6 .5 0 3ol*.l*o 355.56 5.00 1*1 . 31* 16,773.1*1 68l *.72 7.1*3 2, 062.08 1 ,2 5 6 .7 0 1 ,7 5 5 .1 0 2 0 ,1 7 2 .7 7 68.60 31*7.22 52.69 1, 131.69 1*73.36 39.97 19.06 8, 562.50 129.90 1*18. 31* 35.00 8.30 318. 71* 303.12 935.61* 6, 155.00 52.21* lU .09 1 ,6 7 2 .1 7 3 7 7 .1 0 6, 97.52 102.79 22.50 D eductions 1 250.01 200.00 .01 1*1.31* 232.37 05 13.32 317.1*0 788.1*0 9. 51*8.50 10.00 11*7.22 52.69 1, 100.13 .09 .0 1 8 ,0 0 0 .0 0 206.00 500.06 318. 71* 293.76 935.61* 6 ,0 5 0 .0 0 1*21.90 .01 .10 Rand B alance End o f Year $ 7, 088.52 11, 651.81 ll*. 559.10 1*07.00 1, 191.60 1*82, 1*83.23 25,1*66.07 285.18 2 5 ,0 3 9 .1 7 50, 281*.66 30,125.81+ 21*1*.956.71 2, 67l*.1*2 1*. 6 8 6 .7 7 1 ,5 0 0 .0 0 3 9 ,9 2 6 .1 3 17,1*68.37 1 , 531.86 1,01*6.05 123, 069.50 i*. 51*0.83 15, 51+0.39 1 ,2 8 1 .3 2 1*03. 51* 1 , 000.00 695.61 12, 500.00 12, 136.10 25, 000.00 21*1*,881.61* 2 ,1 0 6 .0 5 581.80 27,50l*.21 11+.890.33 2 6 7 ,7 5 0 .9 9 102.79 1 ,0 1 5 .7 1 Schedule E -l ENDOWMENT FUNDS (C o n t* d ) B ert M ichael S ch o larsh ip Thomas E . M itc h e ll - E d u c a tio n a l Thomas E . M itc h e ll - G eo rg ia Thomas E . M itc h e ll - C o o rd in ate P e a r l C am pbell Moon * C. A. and Homer B. T . Moon M usic S c h o la rsh ip George F o s te r Peabody Phelps-S tokes Fellow ship B en jam in Z . P h i l l i p s Law A. W. R eed M em orial N e il R eid M emorial H. L. Richmond F ello w sh ip Horace B. R u sse ll P riz e J e s s i e Woodrow S ay re Award Edward S . S h o rte r Hoke Sm ith M em orial M artin R. Smith P riz e 0 . V. Smith W illiam T e rre ll Berryman T . Thompson Frances Clem entine Tucker Hugh V. W ashington C ecil W ilcox - P riz e C e c il W ilcox - Loan R o b e rt W. W o o d ru ff F o r e s t r y W illia m J . Young TOTAL ENDOWMENT FUNDS fund B alance B eg in n in g Of Year A dditions Fund B alance o;f D e d u c tio n s _______ Y ear______ $ 997.73 1 5 1 ,0 8 5 ,7 6 $ 27.55 1*, 163.22 $ 15,383.72 $ 1 ,0 2 5 .2 8 139,865.26 37,952.95 25,186.1*3 2.262.07 2 .2 6 2 .0 8 l+,200.25 2,52l+.32 66.80 75.53 2,082.91 1,911.61* .01 ]+o,070.29 25. 799.11 2 ,3 2 8 .8 6 2,337.61 2,301.1*8 51.93 2,353.1*1 5I4I .23 17,603.87 13,037.82 II.90 1*1*1*.68 578.70 553.13 18,01*8.55 .01 13,616.51 U,396.30 75.00 211+.68 .200.00 .03 160.00 1*, 610.95 115.00 2 8 ,2 8 9 .3 2 626.81* 675.26 28,21*0.90 2,261**35 500.00 52.50 300.00 200.00 2 ,0 1 6 .8 5 300.00 2,500.00 1+, 332.1+3 3,9l*l.ll 60,389.02 2,561**39 7 0 .0 0 95.92 2,306.67 1 ,8 0 8 .6 7 5 ,o61*.39 1*,1+02.1*3 1*, 037.03 6 0 ,8 8 7 .0 2 20,925.20 13,271.12 7 3 , 1 3 1 *.69 2,506.23 2 ,0 0 0 .0 0 2,500.00 932.1*6 29,206.58 558.51 1*51.26 3,9ll*. 50 83-75 50.00 68.76 11.56 1*21.83 700.01 1*51.26 3,9li*.50 50.00 68.76 .01 21,563*1*7 20,783.70 13.271.12 73,131*.69 2, 589.98 2 ,0 0 0 .0 0 2,500.00 9I4U .O I 8,061*.9l* $2,179,801*73 $ 95,230*60 $ 7 8 ,6 9 8 .0 1 $2,196,531**32 LOAN FUNDS L u cile A lexander A lpha Z eta Alumni A s s o c ia tio n P resto n S. A rkw right R. and L. Arnold A tla n ta C o tto n O il Company The A tla n ta J o u rn a l A tlan ta Stockyards DuPree B a rr e tt L. H. B eall Bibb C ounty Dawson C h arles H. Brand Mary Upshaw B roach C h a rle s McDonald Brown H en ry W. Brown B ryan C ounty Dawson Shepherd Bryan B ernice F . B ullard A sa G. C a n d le r C harles H. Chandler C a r r o ll C ounty Dawson Chambe r 1i n - J ohns on-Du Bos e C h a rlto n County Dawson Chatham County Dawson $ 667.86 $ 16.21+ 388.92 9.21+ 1,303.18 32.56 $ 17.50 1,699.29 202.05 39.78 5.00 1*79*00 IO .9U 1,525.78 37.55 170.65 1.56 537.38 10.32 .01 180.81* 1*50.00 3.12 282.Il* 289,20 736.77 1*1.31* 355.70 8.71+ 1+0,001*. li* 1,270.10 1,668.21 1*8.19 6,305.99 10I*. 06 25.70 359.11+ 7,91+8.97 258.81* 8.13 1*03.00 11.21* l,361+.78 280.85 1.21+ 306.02 7.50 625.06 . 12.66 15+.1+6 3.76 252.93 6.21+ 681*. 10 398.16 1,318.21* 1,739.07 207.05 1*89.9U 1,563.33 172.21 5U7.69 183.96 U+2.9U 778.11 36I+.I++ 35,366.36 l,2ll*.23 25.70 367.27 6,987.19 270.08 282.09 313.52 637.72 158.22 259.17 11 .f a Schedule E -l .'/Jmfil >!# m 4J 4i 4 H: i ill 1 *J * M 4 v il '^ Iw 'a 4?S *k `* 1;%' A Hi +1 JIlV 4 1 Fund B alance B eginning Of Year LOAN FUNDS (C o n t* d ) Chi P si E d u catio n al A F. C h u r o h h ill * 10. u 39.96 C itize n s & S outhern C lass o f 1926 16. 931.99 305.70 0* L. Cloud U .95U.05 Mrs J H. Cloudman 1+59*1+0 Cobb C ounty Dawson Columbia County Dawson Edward T Comer 255.07 1*2.78 25. 8u u .9u E lija h C larke D. A. R. D. A R M em orial May E rw in Talm adge D. A R. 2 ,1 6 0 .5 9 12. 5U3.16 1, 983.58 Richmond W alton McCurry D. A. R . L i l a N a p ie r J e l k s D. A R. i+ll.1+1 630.03 E dgar G ilm er Dawson 303. 8i u .32 DeKalb County Dawson W. S . Denmark 893.55 1, 205.00 Eugene & H a rry Dodd D ruid H ills M emorial J C Dukes - Home E conom ics 105.99 173.29 1, 275.00 J . C. Dukes - B u s in e s s A d m i n i s tr a t io n J C* D ukes - A g r i c u l t u r e 1,275*00 1, 500.00 E a r ly C ounty Dawson 91.69 E lb e r t County Dawson E p s ilo n Sigma F h i 719.51 7 9 .2 3 Exchange Club - A tla n ta 286.63 W. W. F in l e y Lucy H urt F isc h e r C h a rle s IT* F o rd F o restry Loan 3 ,2 0 8 .1 5 1. 875.19 870.07 l.c U U .27 1+-H C lub Loan 2 ,0 3 6 .5 0 Freshm an Y. Commission 9 5 .7 7 F h lto n County Dawson 582.1+2 G e o rg ia - A t l a n t a 5s W est P o in t R. R. 582.65 G eorgia Bankers A sso ciatio n 9 ,2 6 1 .5 9 G eo rg ia B ankers - Boys 2.U 79.57 G eorgia Bankers - G irls 3 .0 3 U .6 U G e o rg ia Power Company G irls Canning Club 1 1 ,1 3 8 .7 5 1+, 283.61 Glynn C ounty Dawson 21+8.28 Grady C ounty Dawson 288.29 H a ll C ounty Dawson 668.21 H ancock C ounty Dawson 535-28 Jam es C H a r r i s Frank Hawkins A. L. H u ll M em orial 70U.UU U33. 1U 223.08 Jam es H* H unt 111*, 8 7 8 .7 6 J a s p e r County Dawson M rs. Graham Johnson 277.50 U25. 9U B ess D J o n e s Ju n io r League * A tla n ta J B. Keough 288.19 292.93 259.S3 Clyde L. J r . and John King Kirkwood P , T. A. 253.05 373.8U Joseph R ucker Lamar 3 ,1 0 3 .5 0 A dditions # 200*00 801+.13 u i u .25 5. 9U 1 1 7 .3 2 8.11+ 6 .2 6 .62 lU .2U 7.73 U8.76 1+11.90 169.87 5 3 .0 0 15.00 9,61+9.1+8 8 .1 2 7 8 .3 9 3 .1 2 31.87 31.87 3 7 .5 0 1+.18 16.89 .62 5 .8 2 7 2 .9 3 53.21 23 >7U 19.68 65.UU 1U .36 1 1 .8 6 1+35.22 1+8.76 107.9U 2 2 2 .2 6 181+.26 5 .6 2 6.25 15. 7U 13.12 1 7 . 2U 10.62 3 ,0 1 7 .3 9 2 6 .6 2 1 0 .6 2 6.57 3. 2U 6.21+ 318. 7U 22.65 1 ,0 5 1 .2 7 D eductions ftmd B alance End o f Year t 200.00 879.10 10,361+.99 150.80 17. 195.u u 311+61+ 2 9 .7 5 5 ,0 7 1 .3 7 U67. 5U 261.33 U3.U0 1+0, 062.92 230.00 1+11+.06 3 7 .5 0 168.39 2 ,2 0 9 .3 5 12, 955.06 1, 923.U5 1+61+ .1+1 6I+5 .03 313.o u 9 . 7u 86I+.17 1, 115.00 105.99 176.1+1 1 ,3 0 6 .8 7 1 ,3 0 6 .8 7 1 ,5 3 7 .5 0 9 5 .8 7 736.U0 79.85 292.U 5 3 ,2 8 1 .0 8 1+1+.1+2 1 ,8 8 3 .9 8 893.81 1 ,0 6 3 .9 5 .03 2, 101.91 135.22 1+6.50 9 5 .7 7 596.78 59U.51 9 . 561.59 2,1+81.83 2 3 .1 5 2 7 .2 5 131+.01 3. 119.U3 u . 333.76 1+,3 3 3 * 8 6 253.90 29U .5U 6 8 3 .9 5 5U8.1+0 721.68 UU3.76 52.56 223.08 117. 8U3.59 301+.12 1+36.56 29U .76 296.17 266.07 2 0 .9 9 571.79 3 7 5 .5 0 U .15U .77 Sohedule E -l Fund B alanoe B eginning Of Year A dditions Fund B alanoe End o f S e d u c tio n s _______ Y ear______ LOAN FUNDS (C o n t' d ) Landscape A rch itectu re F. E. Lanier L au ren s C ounty Dawson F ra n c e s A* Lipsoom b A rthur Lucas Joseph H. Lumpkin M oDuffie C ounty Dawson M rs. P . C. M cDuffie M cIntosh C ounty Dawson Maoon C ounty Dawson Mr. & M rs T . 0 . M a rsh a ll R. H. M artin M eriw eth er County Dawson Moina M ichael T. E. M itch ell - G eorgia T. E. M itch ell - C oordinate Moon M uscogee C ounty Dawson R. C. N eely C. T, N unnally J . C arro ll Payne Phi D elta Phi B en jam in Z . P h i l l i p a Law S c h o o l A. W. R eed M em orial B ertha R ich Richmond County - Boys Richmond County - G ir ls B. R ivers R ockdale County Dawson James D. Robinson S. D. V. F ra te rn ity S a le C ity Dawson Savapnah D i s t r i o t Dawson John D. Simmons Hoke Smith S t a t e Home Dem. C o u n c il S tu d e n ts* S tudent V eterans O rganization Mark S u lliv a n Sum ter County Boys Sum ter County G irls T a t t n a l l County Dawson T e l f a i r C ounty Dawson Thomas County Dawson Berryman T . Thompson M eldrim Thompson Toombs C ounty Dawson F ran c is C. Tucker L e ila B ates Tye U. S. Government Ware County Dawson W ashington County Dawson L ouis W ellhouse M emorial C. P . W hitehead W h itfie ld County Dawson 71+1+.32 * 1+3.00 1+71.76 566.15 11+5.09 887.26 16.56 .31 9.37 2.1+9 150.00 2, 136.02 879*68 853*33 21+8.57 3 2 8 .6 5 583. 0U 9, 2ll+.l+8 1 7 ,9 2 7 .0 6 62.72 566.I+5 580.31 162.55 850.05 51.1+0 630.86 100.00 189.71+ 1,1+85.52 1, 150.00 266.52 1+20.00 251+.56 151+.25 1 ,0 5 2 .2 5 260.60 216.37 565.12 9 3 6 .5 0 1,71+8.56 561.27 173.19 2 ,6 3 3 .5 6 1,71+2.29 3 9 8 .7 8 10.00 205.68 5 ,8 8 5 .1 0 21+5.17 210.00 23,1+03.66 1,055.01+ 2,697 *00 1+60.81+ 360.1+5 l,ll+l+.l+l+ 9 9 8 .7 5 5I+I+.I4I+ 30*96 50.91+ 20.01 5.62 9.51+ 1+.20 2,1+73*92 2 ,2 7 l+ .11 .1+7 13.71+ 13.87 3.12 2 0 .3 7 .63 13.53 3.00 1 .8 1 3 5 .7 0 26.51+ 6. 21+ 5.00 6. 21+ 3 .7 6 21+.38 6. 21+ 5.00 12.91+ 17.1+8 98.91+ 3 2 .2 5 2.1+9 5 2 .6 5 3 0 .3 1 7 .8 2 5 .0 0 i+51.26 1+.70 2.50 3 ,7 6 9 .5 0 21+.38 11+2.81+ 1+.37 7.1+9 I7.58 21+.07 12.67 2,1+01.73 698.26 2 3 .1 9 21+0.55 103.00 1+0.00 25.00 18.11 3 6 .3 0 1 ,8 2 3 .5 8 2 ,1 2 6 .9 0 760.88 1+3.31 I48I . I 3 566.15 11+7.58 887.26 150.0 0 2, 166.98 9 3 0 .6 2 873. 3U 25U .1 9 337*99 597.2L+ 9 ,2 8 6 .6 7 1 9 ,5 0 2 .9 1 1+0.00 580.19 59U .1 8 165.67 870.1+2 52.03 1+03*81+ 151*55 1, 521.22 1176.5U 272.76 1+00.00 2 6 0 .80 158.01 1 ,0 7 6 .6 3 266.81+ 221.37 578.06 935*87 1 ,8 1 1 .2 0 593*52 175*68 2 ,6 8 6 .2 1 1 ,7 7 2 .6 0 I+06.60 10.00 210.68 6 ,3 3 6 .3 6 21+9*87 212.50 25,31+9.58 1,079*1+2 712.91+ 1+65.21 367.91+ 1 , 252.02 1 ,0 2 2 .8 2 557*11 LOAN PONDS ( C o n t 'd ) C eoil W ilcox R obert W oodruff I d a A* Young TOTAL LOAN PONDS MISCELLANEOUS PONDS G eorgia 0-H Club F oundation G e o rg ia 0-H C lub M. B. L ane G e o rg ia 0 -H C lub N egro Camp G e o rg ia 0-H C lub R ock E a g le TOTAL MISCELLANEOUS FUNDS TOTAL TRUST FUNDS Schedule -} Find B alance B eginning Of Year A dditions D eductions Fund B alance End o f Year 2 8 0 .0 7 I I 8.76 500.80 6.88 5*1+86.78 222.61+ 79. 11+ 398.83 507.72 5 ,6 3 0 .2 8 * 7 0 8 ,1 9 3 .0 3 1+ 5,099.0$ 1 18, 291.03 7 3 0 ,9 9 0 .0 6 8 ,6 0 1 .0 3 2,728.1+5 5,835*03 5 ,0 9 0 .0 5 2 6 ,5 0 0 .0 0 2 6 ,3 1 0 .9 1 189.09 5 5 .0 0 5 5 .0 0 1 ,0 8 6 .6 2 1 ,0 8 6 .6 2 8, 601.03 * 30, 370.07 32. u 46. 3u "T ~ 6 ,8 2 0 .7 6 * 2, 896, 595.79 1 7 0 ,6 8 8 .7 3 1 2 9 ,1 3 5 .3 8 * 2 ,9 3 8 li* 9 .lU SUMMARY OF TRUST FUND INVESTMENTS For Year Ended June 30, 1950 Schedule E-2-1 ENDOWMENT FUNDS Bonds. U. S T reasury Bonds, S ta te and M unicipal S to c k s Common . I kr. Loans on R e a l E s t a t e , Campus Real E s ta te , Pff-Campus Loans on F r a t e r n i t y Homes (Off-Campus R eal E s ta te ) TOTAL ENDOWMENT FUNDS Book V alue 1 * 5 6 0 ,3 5 5 .0 0 160, 000.00 1 2 5 ,2 6 6 .2 0 (U . o f Ga. B u ild in g s ) 296, 066.36 3 7 * > 5 .6 8 2 5 ,2 5 0 .0 0 2 ,2 0 0 ,0 0 3 .2 0 LOAN FUNDS Bonds, U. S T reasury 176,625.00 S to c k s Common 1 .0 0 L oans on R e a l E s t a t e , Campus ( F r a t . Homes) (U . o f G a. B ld g s ) 168, 865.65 Loans on Real E s ta te , Off-Campus ( F r a ts .) 60,6A*1.66 S tudents N otes R eceivable 1 0 5 ,5 2 0 .5 8 Loans - N orth G eorgia C ollege 3 7 ,0 7 6 .0 9 Loan - G eorgia S ta te C o lleg e 2 7 ,6 6 1 .2 8 Real E state 1 3 ,9 2 0 .9 9 iUIAJU ijUAN JPUNUS * 53U ,312.25 MISCELLANEOUS FUNDS Savings Account - A thens F e d e ra l Savings end Loan A sso c ia tio n TOTAL MISCELLANEOUS FUNDS if TOTAL TRUST FUND INVESTMENTS 5 ,1 0 8 .7 5 5 ,1 0 8 .7 5 2,803,820.21+ E arnings 1 ,5 1 3 ,7 7 9 .0 0 6 5 ,9 0 2 .8 5 1 7 8 ,0 5 9 .0 0 296, 066. 36* 50, 000.00 2 5 ,2 5 0 .0 0 * 2 ,1 2 9 ,0 9 7 .2 5 172,797.66 1 8 2 ,7 8 6 .6 0 * 6 0 ,6 0 1 .6 6 * 1 0 5 ,5 2 0 .5 8 3 7 ,0 7 6 .0 9 * 2 7 ,6 6 1 .2 8 * * 590,1*83.91 * 5,108.75 * 5 ,1 0 8 .7 5 2 ,7 2 0 ,6 8 9 .9 1 * Fnds* TOlUe Sh0,m 68 b 0 k TalU ' s ln c e t h e s e a r e lo a n s on t h i s p r o p e r t y . H ot owned b y T r u s t L S ch ed u le E-2*-2 DETAIL OF ENDOWMENT FUNDS -GOVERNMENTAL BONDS For Year Ended June 30, 1950 R ate Of In terest STATE AND MUNICIPAL BONDS A thens, C ity of A tla n ta , C ity of i)ft A tla n ta , C ity of i+lz Columbus, C ity o f Wo Columbus, C ity o f 1+1/ Columbus, C ity o f 5/ D ecatur, C ity o f G eorgia, S ta te o f (C o n s titu tio n a l D ebt) M arietta, C ity of fO M uscogee, County of M uscogee, County of Savannah, C ity of Savannah, C ity of Savannah, C ity of TOTAL STATE AND MUNICIPAL BONDS D ate Of Book M a t u r i t y ___________ 5-1-52 7-1-50 7- I -56 2-1-53 9-1-5U 7- 1-50 9- 1-52 8- 1-51 1+-1-55 1+-1-56 12- 15-59 8- 1-55 2- 1-59 I 1,000*00 $ 2,000*00 1 ,0 0 0 .0 0 1,000*00 5. 000. 00 6 .0 0 0 . 00 7 . 000. 00 1 0 0 ,0 0 0 .0 0 2 .0 0 0 . 00 U ,000.00 2 ,0 0 0 .0 0 1 ,0 0 0 .0 0 1 ,0 0 0 .0 0 27, 000.00 __ T557OO.QO $ M arket V alue 1 , 106.56 2 ,0 0 0 .0 0 1 ,1 1 6 .6 5 1 ,1 0 5 .0 7 5, 560.00 6 ,0 0 0 .0 0 7,71+6.55 2 ,2 0 7 .1*2 i+,L|J+6.92 2 ,2 3 0 .7 U 1,108.61+ 1 ,1 1 1 .0 9 3 0 ,2 0 3 .0 1 65,91+2.65 u. S . TREASURY BONDS U. S. Treasury - S eries A U. S. T reasury - S eries D U. S. T reasury - S e rie s F U. S. T reasury - S eries F U. S. T reasury - S eries F U. S. T reasu ry - S e rie s G U. S. T reasury - S eries F U. S. T reasury - S eries G U. S. T reasury - S eries F U. S . T reasury - S eries F U. S. T reasury - S e rie s F U. S. T reasury - S eries G U. S. T reasury - S e rie s G U. S. Treasury - S eries F U. S. T reasury - S e rie s G U. S. T reasury - S eries F U. S. T reasury - S eries G U. S. Treasury - S eries F U. S. T reasu ry - S e rie s F U. S. Treasury - S eries G U. S. T reasury - S e rie s F . S. Treasury - S eries G U. S. Treasury - S eries F U. S. Treasury - S eries G U. S. Treasury - S eries G U. S. Treasury - S eries G U. S. T reasury - S eries F U. S. T reasury - S eries F U. S. Treasury - S eries G U. S. Treasury - S eries G U. S. T reasury - S eries G U. S. T reasury - S e rie s G U. S. Treasury - S eries G U. S. Treasury - S eries E l-l/8?6 Wo 2 .5 3 / 2 .5 3 / 2-53/ 2* 2. 53/0 23/ 2 .5 3 / 2. 53/ 2. 53Z m Wo 2 .5 3 / 2 / li/ 2* I- 1-51 6- 1-51 6- 1-55 7- 1-55 1 0 - 1-55 II- 1-55 11- 1-55 1- 1-56 2- 1-56 1+-1-56 6- 1-56 6- 30-56 7- 1-56 7- 1-56 12- 1-56 12- 1-56 1- 1-57 2- 1-57 5- 1-57 6- 1-57 6- 1-57 6- 1-57 8- 1-57 8 - 1-57 2- 1-58 7- 1-58 9- 15-59 12- 1-60 6- 1-61 6-15-62 6- 15- 72-67 12-15-72-67 12-15-53 9-15-55 ii+3, 500.00 $ ll+3,l+8L+.20 21, 900.00 2 1 ,9 0 2 .1 9 1 . 000. 00 81+8.00 1. 325.00 200.00 1,272.00 169.60 69. 000. 006 7 ,6 3 5 .7 0 50.00 1+1.71+ 1+0, 000.00 50.00 38,200.00 I+1.10 1 .8 0 0 .0 0 l,6lii+.00 350.00 287.70 37. 000. 003 5 ,3 3 5 * 0 0 12, 1+50.00 11,890.00 200.00 16!+. 1+0 33. 600.00 31. 987.00 1. 000. 00 1. 000. 00 797.00 *91+7.00 38. 300.00 30, 525*00 175*00 1 ,2 0 0 .0 0 135*80 1, 138.80 100.00 7 7 .6 0 20,135*00 19. 108.00 50.00 3 8 .8 0 500.00 1+73*50 500.00 1+73*50 1+13, 250.00 3 8 8 ,6 8 2 .0 0 1+7, 000.00 35. i 96.79 71+0.00 71+2.00 1 0 0 .0 0 0 . 00 101, 320.00 3. 000. 00 5, 500.00 3. 000. 00 5*572.60 1+77. 250.00 1+83*51+9.70 2 .0 0 0 . 00 8 0 0 .0 0 2 .0 0 0 . 00 657.60 U . S . TREASURY BONDS (C o n t* d ) U. S. Treasury - S eries P U* S T r e a s u r y - S e r i e s G TOTAL U. S . TREASURY BONDS R ate of In terest 2 -3 /t <-2/ D ate o f M aturity 10-1-59 3- 1-61 TOTAL U . S . TREASURY & STATE A MUNICIPAL BONDS Sohedule E -2-2 Book V alue tfa rk e t V alue 71*0.00 767.OO 8i+, 690.OO 83, 673.72 1. 560, 355.00 1 . 513. 779.oU 1. 720. 355.00 1. 579. 721.69 DETAIL OP ENDOWMENT FUNDS - COMMON STOCKS For th e Year Ended June 30, 1950 Schedule E-2-3 COMMON STOCKS A m erican T elep h o n e A T e le g ra p h Company Bibb M an u factu rin g Company B lanchard A Booth Land Company o f F lo r id a Perkins H osiery M ill 60 shares 1+699 s h a r e s share 5 shares 96 s h a r e s Book V alue $ 7.788*20 117, 1*75.00 1 .0 0 1.00 1 .0 0 M arket V alu e 8,895.00 l6 9 ,l6 1 + .0 0 TOTAL COMMON STOCKS 125, 266.20 1 7 8 ,0 5 9 .0 0 DETAIL OF LOAN FUNDS * GOVERNMENTAL BONDS For Year Ended Ju n e 30* 1950 R ate o f D ate o f In te re s t M aturity Book V alue S o h ed u le E-2-1+ M arket V alu e U . S . TREASURY BONDS U. S. Treasury - S eries A U. S . T reasury - S e rie s D U. S. Treasury - S eries G U* S . T r e a s u r y - S e r i e s G U. S. T reasury - S eries G U. S. T reasu ry - S e rie s F U. S. T re a su ry - S e rie s G U* S* T r e a s u r y - S e r i e s G U. S* T r e a s u r y U. S. T reasury - S eries G U* S* T r e a s u r y - S e r i e s G TOTAL 1-1/8% ip 2.53% 2M> 2^ 1-1-51 6- 1-51 11-1-55 7- 1-56 12- 1-56 2-1-57 6- 1-57 7-1-58 9-15-59 12-15-67-72 3- 1-61 6, 500.00 1 ,1 0 0 .0 0 2 1 ,0 0 0 .0 0 1 2 ,5 5 0 .0 0 9.U 00.00 h ,700.00 1+, 865.00 10, 1+50.00 6, 000.00 81+,7 5 0 .0 0 I 5. 3IO.OO 1 7 6 ,6 2 5 .0 0 6,1+99.30 1 ,1 0 0 .1 1 20,581+. 30 1 1 ,9 8 5 .0 0 8, 91+9.00 3,71+6.00 1+,617.00 9 ,8 2 8 .7 6 l*,l*93.2l 8 5 ,8 6 8 .7 0 1 5 ,1 2 6 .2 8 1 7 2 .7 9 7 .6 6 DETAIL OF LOAN FUNDS - COMMON STOCKS For Year Ended June JO, 1950 S ch ed u le E-2-1+ COMMON STOCKS P i t t s b u r g P la c e r Gold Mine Company 200 sh ares Book V alue 100*00 M arket V alue .................. $ TOTAL COMMON STOCKS 100*00 I STATEMENT OF RECEIPTS AND DISBURSEMENTS - TRUST FUNDS F o r Y ear Ended Ju n e 30 1950 Schedule E -2-5 RECEIPTS INVESTMENTS REALIZED Bonds S to o k s Real E state U . o f Ga* B ld g s . - Loans N orth Ga. C ollege - Loans 6 a. S ta te C ollege - Loans F r a t e r n i t y Homes - Loans S tudent N otes TOTAL INVESTMENTS REALIZED Endowment Fund Loan Fund M iscellaneous Fund T otal #156,650.00 $ 67,750.00 111, 568.00 29.00 111,000.00 270.26 23,371.55 1,750.00 23,333.U9 851.91 1,152.60 1,669.28 22.7Ul.19 *210,539.55 *117,797.73 $22U,U00.00 lU, 597.00 iU,270.26 U6,705. oU 851.91 1,152.60 3,U19.28 22,7U1.19 $328,137.28 W li INCOME FROM TRUSTS I n te r e s t on R eal E s ta te Loan I n te r e s t on Bonds * 1*5.576 .U7 D ividends on Stooks 7.956.3s R en ts 3,626.18 I n t e r e s t - U . o f 6 a . B ld g s. - Loan S 9.582.97 I n te r e s t - N orth 6 a. C ollege - Loan In te re s t - 6a. S tate C ollege-L oan In te r e s t - F ra te rn ity Loans 1.203.75 In te r e s t - S tudent N otes Los8 on S ale of Investm ents TOTAL INCOME - 12.86U.U6 $ 55,081.29 $ 162.7U 5,285.17 u ,705.52 255.50 5,656.62 1,137.81* 86U.U0 1,587.31 U,669.57 * 2U.32U.67 $ 162.7U # 108.75 50,970.39 S av in g s A ct,. 12,661.90 3,881.68 15,239.59 1.137.8U 86UUo 2,791.06 U,669.57 - 12,86U.U6 # 108.75 * 79.51it.7i FUND TRANSFERS To From NET TRANSFERS 6IFTS NOTE RECOVERIES TOTAL 6 1 FTS & RECOVERIES TOTAL RECEIPTS B a la n c e , J u l y 1, 19U9 TOTAL RECEIPTS AND BALANCES * 10,551.75 $ 20.U83.62 $ 1,000.00 * 32.035.37 - 20.U83.62 - 10,551.75 - 31.035.37 #- 9,931.87 * 9,931.87 $ 1,000.00 $ 1,000.00 t 1U.337.31 $ 330.00 # 111,667.31 $ 279.77 $30,261.32 $ UU,878.UO 330.00 279.77 $30,261.32 $ U5,208J|0 #270,156.28 152.33u.ou *31,370.07 *lt53,86o.39 - 3li,li+l.o6 100, 517.52 2,601.03 68,977.U9 236,015.22 *252,851.56 *33,971.10 $522,837*88 DISBURSEMENTS INVESTMENTS Bonds R eal E s ta te Loan F r a te r n ity House Loans Student Loans TOTAL INVESTMENTS $200,800.00 #200,800.00 * 13,900.00 lU, 191.25 5U,753.75 21.589.U7 $10U,U3UU7 $2lU,700.00 lU,191.25 5U,753.75 21,589.U7 305.23U.U7 EXPENSES OF TRUST S alary of T rustee R epairs - Insurance # 1,800.00 566.90 23.58 $ 1,800.00 590 .U8 -64- 5 49 Schedule E -2-5 - >4 >0 Ml )0 >6 4 >U fi )i >0 >8 L9 i| i "% DISBURSEMENTS (C o n t d ) EXPENSES OF TRUST ( C o n t 'd ) P rizes - S ch o larsh ip s, etc M iscellaneous S tudent Notes Charged Off S tocks Charged O ff T ra n sfers to O ther Schools T ra n sfe r to U S Government T ran sfer to U niv. o f 6 a. - H e stric te d T ra n sfe r to U niv. o f Ga. - G eneral C o lle c tio n C osts TOTAL TOTAL DISBURSEMENTS Jk VM 59 )0 4 1 S8 59 m m B alan c e, June 30 1950 TOTAL DISBURSEMENTS & BALANCES Endowment Fund Loan Fund M iscellaneou s Fund T otal 1,1*52.08 $ 2 0 0 .0 0 $ 1,652.08 81.37 123.00 21*. 1*29 .25 1 7 .8 8 32, 11*6. 31* I 5O.OO 29.OO 32, 21*5.59 I 50.OO I 52.OO 2U,I+29.25 8, 650.00 2 ,1 2 6 .9 0 108.75 2, 235.65 8, 650.00 7 ,7 5 0 .0 0 231. 5I* 3, 391.92 7 ,7 5 0 .0 0 3, 623. 1*6 * l*3,28i+.li* 7 ,7 3 9 .2 8 32, 255.09 83, 278.51 $2l4f,08l+.li+ 1 1 2 ,1 7 3 .7 5 32, 255.09 $ 3 8 8 ,5 1 2 .9 8 - 8, 068.92 lJ+O,6 7 7 .8 1 1 ,7 1 6 .0 1 131*. 3214.90 $ 2 3 6 ,0 1 5 .2 2 $ 2 5 2 ,8 5 1 .5 6 33. 971.10 $ 5 2 2 ,8 3 7 .8 8 STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1950 Schedule P CURRENT FUNDS G eneral R estricted A uxiliary G eneral Extension TOTAL CURRENT FUNDS AGENCY FUNDS ? FUNDS ' FUNDS M iscellaneous Endowment Loan TOTAL TRU TOTALS Cash B alance R ece ip ts J u l y 1, I 9J4.9 F o r Y ear D isb u rse m e n ts T^ash B alan c e For Year Ju n e 30, I95O $ 2 0 0 ,2 3 2 .2 8 3. 1*13. 350.11 3. 1495, 551.32 $ 1 1 8 ,0 3 1 .0 7 1 1 ,9 6 5 .5 6 370, 905.93 3 8 2 ,7 7 8 .1 5 93-31* 1 0 ,1 2 3 .5 5 1 .3 U 3 .7 0 2 .7 5 1, 156, 361*. 56 36, 901+.1+2 266, 795.81 2 5 5 .3 3 8 .0 5 197,1+61.71+ 1+8,362.18 259, 225.81 5 .3 9 U .7 5 U .6 0 $ 5 ,2 9 0 ,0 3 2 .0 8 $ 363, 91*8.33 239, 1*58.68 $ 8 7 5 ,7 U 6 .9 8 $ 9 1 8 ,5 5 1 .6 5 $ 196, 651+. 01 , 716.50 $ 91+0, 868.10 $ 318,270.1+1 ,8 1 9 .8 7 $ 32, 70l+. 89 $ 1, 716.01 ,6 2 0 .6 5 2i+5,5l+8.51 - 8, 068.92 25I+.8I ll6,09l+ .52 11*0,677.81 695.33 39i4. 3u 7.92 13u . 32i4.90 9I 3.I+I 7, 5143. 799.75 1, 013, 197.65 Cash and I : . Gene 1 Trus { ' 'A V '' TOTAL 9nsion 869, 105.29 9, 767.146 $ 878, 872.75 $ 130,812.78 m ta l,3 5 l+ .52 2, 157.60 13i4. 32i4.90 $ 1 ,0 1 3 ,1 9 7 .6 3 DISBURSEMENTS (C o n t d ) EXPENSES OF TRUST (C o n t d ) P rize - S cholarships, e tc . M iscellaneous S tudent Notes Charged Off S tocks Charged O ff T ra n sfers to O ther Schools T ra n sfe r to U, S. Government T ran sfer to U niv. o f 6 a. - R e stric te d T ra n sfe r to U niv. o f Ga. - G eneral C o lle c tio n C osts TOTAL TOTAL DISBURSEMENTS B alan ce, June 30 1950 TOTAL DISBURSEMENTS A BALANCES Endowment Fund Loan Find Schedule E -2-5 M iscellaneou 3 Fund T otal t 1 , 1*52.08 $ 200.00 $ 1 , 652.08 81.37 17.88 32, 11*6. 31* 32, 21*5.99 150 .0 0 150.0 0 I 23.OO 29.0 0 152.0 0 2 k , 1*29.25 21+.1+29.25 8. 650.0 0 2, 126.90 108.75 2, 235.65 8. 650.00 7 .7 5 0 .0 0 7. 750 .0 0 231.5U 3. 391.92 3. 623.1+6 : i* 3 ,2 a + . 11* 7 ,7 3 9 .2 8 32, 255.09 1 8 3 ,2 7 8 .5 1 $2i+i+, 08U.11+ 1 1 2 ,1 7 3 .7 5 32, 255.09 $ 3 8 8 ,5 1 2 .9 8 - 8, 068.92 11+0,677.81 1 ,7 1 6 .0 1 13+.321+.90 $ 2 3 6 ,0 1 5 .2 2 252, 851.56 33. 971.10 $ 5 2 2 ,8 3 7 .8 8 STATEMENT OF CHANGES IN CASH BALANCES F or Y ear Ended Ju n e 30 1950 Schedule F CURRENT FUNDS G eneral R estricted A uxiliary G eneral E xtension TOTAL CURRENT FUNDS AGENCY FUNDS PLANT FUNDS TRUST FUNDS M iscellaneous Endowment Loan TOTAL TRUST FUNDS TOTALS Cash B alance R ece ip ts J u l y 1, 191+9 F o r Y ear d is b u r s e m e n ts Jash B a la n c e For Year Ju n e 30, I 95O 200, 232.28 11, 965.56 3. 1+13, 350.11 370, 905.93 3. 1*95. 551.32 3 8 2 ,7 7 8 .1 5 $ 118, 031.07 93. 31* 10, 123.55 1,3 1 * 3 .7 0 2 .7 5 1, 156, 361*. 56 36. 901+.1+2 266, 795.81 2 5 5 ,3 3 8 .0 5 197. 1*61. 71* 1*8,362.18 259, 225.81 5 .3 9 l* .7 5 l* .6 o $ 5 ,2 9 0 ,0 3 2 .0 8 $ 363,91*8.33 239,1*58.68 $ 875,71+6.98 $ 9 1 8 ,5 5 1 .6 5 $ 196, 651+.01 - 2 0 0 ,5 7 7 .9 9 $1,1+ 59,716.50 $ 91+0, 868.10 $ 318, 270. 1+1 $ 2, 601.03 - 3U .II+ I.O 6 $ 3 1 ,8 1 9 .8 7 271, 620.65 $ 32,701+.89 21+5,51+8.51 $ 1, 716.01 - 8, 068.92 1 0 0 ,5 1 7 .5 2 1 5 6 ,2 5 ^ .8 1 116,091+. 52 11+0, 677.81 * 68,977.1+9 1*59. 695.33 39l*.3l*7.92 $ 13l+.32l*.90 $ 3 6 7 ,0 8 3 .9 9 $ 8 ,189,913.1+ 1 7 ,5 1 * 3 .7 9 9 .7 5 1.,013, 197.65 BANK BALANCES Cash and Bank B alan ces: G eneral, R e stric te d , A u x iliary , P lan t & Extension N atio n al Bank o f Athens Cash on Hand T rust Funds 869,105.29 9767.1+6 $ 8 7 8 ,8 7 2 .7 5 N a tio n a l Bank o f A thens C i t i z e n s Ga. Feed S c h o l a r s h i p F ederal H ousing P ro je c t Sigma P i Savannah C enter Model Fee l l Room B rea k ag e d e p o s i t I * S tu d e n t C lu b s Student Papers V eterans Reader S ervice Movie P r o je c t S chaffer P o u ltry S cholarship Kroger S ch o larsh ip >m P i . K. A. U n iv e r s ity Band r j P o rtra it Account W aycross C enter i f V eteran M edicine L ib rary it > P ublic O ccasions W ithholding Tax R etirem ent k jf H ospitalization Rsv. Reg, D eposit Meal D e p o sits Cash B alance J u l y 1, 19U9 R e c e ip ts Di sb u r s ement s Cash B alance For Year For Year June 30, 1950 : 151.75 215.00 3,1*96.77 91.98 271.1*5 368.83 50.00 150.00 2,100.00 - 527.76 U,265.00 66.99 30.00 389.98 3,96U.9U .02 100.00 37,213.02 8.06 23,690.00 90.01 2,000.00 - 621.19 979.1*1+ 2,000.00 200.05 509.75 598.53 215.50 28,696.9U 11,522.23 - U66.U8 3,795.00 100.00 $ 150.00 620.00 17,573.1*3 120.00 399.99 8,322.22 2,039.23 238.50 160.00 8,320.39 796.50 77,875.70 171.U8 2,120.50 2L1U.OO 63.62 110.00 3,87U99 32,699.98 1,190.25 1*, 562.15 3.9U7.05 6,1)41.99 120.00 76.00 7)49.66 229,723.18 6U.U05.21 U66.U8 # 150.00 618.55 151.75* 18,51+2.74 120.00 513.63 8,6U8.70 1,869.1*2 233.50 2,100.00* 2,300.30 U,265.00* 8,153.80 30.00* 869.1+8 77,094.61* 100.00 28,U66.lU 2,120.50 2I4U.OO 50.00 23,800.00 3.875*00 30,699.99 873.75 3.688.6U 2,000.00* 200.05* 4,179.05 5,384.08 120.00 749.66 227,005.U2 63.8i8.53 1.45 215.00 2,527.46 - 21.66 - 55.03 538.6U 50.00 5.00 150.00 - 2,668.06 233.58 2U2.00 U,821.00 .02 8,918.36 21.68 90.00 3.999.99 - 30U.69 1,852.95 277.75 1,356.)4U 215.50 76.00 3i.UiU.70 12,108.91 30.00 100.00 3.765.00 TOTAL 1239,1*58.68 *875,71+6.98 1918,551.65 )g * I f p\ L f I'v l T ransfers to R estricted Funds $ 9530*17 STATEMENT OF UNEXPENDED PLANT FUNDS Year Ended June 30 1950 Funds fo r P la n t Debt A dditions S ervice vi * T BALANCE, BEGINNING OF YEAR ADDITIONS: From. S t a t e o f G e o rg ia F o r Law S ta c k s For P r e s i d e n t s Home G rounds I999.U22.01 3 0 ,0 0 0 .0 0 15.000.00 $196,65U.01 Schedule H T otal I999.U22.01 30,000.00 15,000.00 ADDITIONS ( Cont *d ) P r o f i t S a le o f C raw fo rd W. Long Home T r a n s f e r fro m G e n e ra l FVmds T ra n sfe r from A u x ilia ry Funds TOTAL ADDITIONS DEDUCTIONS: Expended fo r P la n t A dditions B u ild in g s A: A d d itio n s t o B u i ld i n g s Im provements o th e r th a n B u ild in g s TOTAL EXPENDED FOR PLANT ADDITIONS Loans R epaid t o Endowment Funds O ther D eductions I n te r e s t on Indebtedness total deductions BALANCE END OF YEAR Schedule H Rinds f o r P la n t Debt A dditions S e rv ic e m T otal 16,818.65 155,361.21 ,217,l79*fe 1*2,536.61* 1*2,536.61* $ 16,818.65 An > 155,361.21 1*2,536.614 Wjs*; 259,716.50 852,511.95 1*5,819.51 1898,331 29,21*8.23 852,511.95 1*5,819.51 $898,331 6 $ 29,21*8.23 $13,288.1*1 $ 13,288.1*1 898,331.1*6 1*2,536.61* $9140,868.10 $318,270.1*1 $3l8,270.)4l SUMMARY OF INVESTMENT IN PLANT As o f June 30* 1950 VALUE OF PLANT, JULY 1 , 19*49 ADDITIONS DURING YEAR Expended from P la n t Funds Expended from E d u c a tio n a l and G eneral Rinds and included in C urrent E xpenditures (Equipm ent) Expended from A u x ilia ry Funds and in clu d ed in C urrent E xpenditures (Equipm ent) G ifts of P la n t A ssets A djustm ents fo r P rio r Years TOTAL ADDITIONS VALUE OF PLANT, JULY 1 , 19*49 PLUS ADDITIONS DEDUCTIONS DURING YEAR P ro p e r ty Worn Out o r O th erw ise D isposed o f TOTAL DEDUCTIONS VALUE OF PLANT, JUNE 3 0 , 1950 DEDUCT: Loans Payable INVESTMENT IN PLANT, Ju n e 3 0 , 1950 Schedule H -l $11,068,251*.85 tr 898,331.1*6 203,073.55 9,830.88 8,322.1*3 11 11 M "hi TM 1,119,558.32 A $12,187,813.17 $ 15,322.1*3 15.322.1*3 12,172,1*90.71* 1 4# rmf Jl 1*61*,932.01 In 11,707,558.73 * r 'Ili Schedule H -l STATEMENT OF INVESTMENT IN PLANT For Year Ended Ju n e JO, 1950 1 1> II 1/ 1a 1$ pm pi vM & 1; Jkn4 rV h MA Year A cquired A. LAND F r a n k lin Campus 37 a c re s 13 a c r e s 180+ * 1937-38 13 a c r e s ( J a c k s o n S t . ) 1937- 1*2 7 a c re s (P rin o e A ve.) P r e s i d e n t ' s Home) 191*9 C ollege o f A g ric u ltu re 150 a c r e s 1928 C o o rd in a te Campus 1+0 a c r e s I 860 17 a c re s I 927 TOTAL CAMPUS 4 O ff-C am pus **150 ao re s (Denmark) *870acres 1911+ I 928 1875 a c re s (W h iteh all 1936 1+62 a c r e s (H ardem an) 1936 607 a c r e s (W atson S p r i n g ) 1935 TOTAL OFF-CAMPUS 1 TOTAL LAND $ Investm ent B eginning Of Year A d d itio n s 5 5 .5 0 0 .0 0 19. 500.00 25, 000.00 --- 1+5, 000.00 - _1+5, 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 D eductions Investm ent End Of Year # 55.500.00 1 9 .5 0 0 .0 0 25, 000.00 -- i+5, 000.00 _. ,, 1+5, 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 n; ial IM ;I i 'Y* -'W cO A 7l Jl' ir i f 2. 1+ 'm 1 fjf yp a L I'll 3 'Vi if #>. mn B. BUILDINGS F r a n k lin Campus A cadem ic A rt Classroom A th letic O ffice Baldwin H a ll B o i le r Room Brown d o rm ito ry B us. Admin. Annex C andler H all C h an cello r House Chapel C hem istry Annex C larke Howell Commer c e - J o u r n a l i sm C osta Crawford Long Craw ford Long Annex Dem osthenian H a ll Denmark H a ll F ie ld House A F ield House B Fine A rts Garage & Shop G raduate D orm itory G reenhouse H ir s c h Law Infirm ary (G ilb e rt) 1901+ I 9I+8 I 929 1938 I 9U8 1932 I 9I+8 1901 1855 1855 I 9I+8 1937 1927 1821+ I 9OI I 929 1929 I 9I+I I 9I+2 1940 191+8 1932 19l*2 $ 178,1+29.00 1 2i+, 1I+I+.35 1 ,0 0 0 .0 0 2 8 7 ,6 3 7 .1 2 2, 565.OO 150, 000.00 2 9 ,6 2 2 .0 5 1 0 1 ,3 5 6 .7 1 1 0 ,0 0 0 .0 0 1+0,000.00 1+8,360.1+Lj 1+6,888.00 52I+,61+6.12 25,11*6.25 +,000.00 1,81+1.01 2 3 5 .6 2 $ 180,270.01 2l+, II4I+.35 1 ,0 0 0 .0 0 287,872.71+ 2 ,5 6 5 .0 0 150, 000.00 2 9 ,6 2 2 .0 5 1 0 1 ,3 5 6 .7 1 1 0 ,0 0 0 .0 0 1+0,000.00 1+8, 360.1+1+ 1+6,888.00 52l+,61+6.12 2 5 , 1I+6.25 3, 000.00 15, 000.00 50, 000.00 2 ,0 0 0 .0 0 1 ,0 0 0 .0 0 3 6 5 ,2 0 0 .0 0 1 3 ,8 1 1 .3 8 7 0 ,6 0 0 .0 0 1 9 ,0 3 8 .5 9 1 5 0 ,0 0 0 .0 0 2 5 6 ,8 6 6 .2 6 3, 000.00 19, 805.89 15, 000.00 50, 000.00 2 ,0 0 0 .0 0 1 ,0 0 0 .0 0 3 6 5 ,2 0 0 .0 0 1 3 ,8 1 1 .3 8 7 0 ,6 0 0 .0 0 1 9 ,0 3 8 .5 9 169, 805.89 2 5 6 ,8 6 6 .2 6 -69- Schedule H -l Investm ent Year A cquired B eginning Of Y ear_______A d d itio n s D eductions BUILDINGS (C o n t* d ) F r a n k lin Campus (C o n t'd ) - Language & L e tte rs 1938 # LeConte H a ll 1937 L ib rary (Peabody) 1903 L ib ra ry Annex 191+8 Lucas House Lumpkin House 1850 Lumpkin House Annex 1850 L u s tra t House 191+7 M eigs H a ll 1905 M emorial H a ll 1923 M ilita ry B uilding 1931 M illedge H all 1921-39 11+8,000.00 9 5 ,3 0 0 .0 0 159#89l+.66 1+3*137.3U 8 ,0 0 0 .0 0 10,1+91*11 800.00 1 1 ,0 0 0 .0 0 60, 000.00 3 8 6 ,7 2 1 .5 2 25, 000.00 150, 000.00 S tu d e n t Union Boys* & G irls* Dorm. M illedge Annex 191+0 Moore C o lle g e 1871+ New C o lle g e 1823 Old C o lleg e 1801 Peabody H all 1913 P hi Kappa H a ll 1831+ Reed House 1807 R e s id e n c e - 325 J a c k s o n 1937-1+2 R e s id e n c e - 3&5 J a c k s o n 19^+2 R e s id e n c e - 375 J a c k s o n 1937-1+2 R e sid e n c e - 385 Ja c k so n 1937-1+2 R e sid e n c e - 393 J a c k s o n 1937-1*2 R e sid e n c e - 397 Ja c k so n 1937-1+2 Stegem an H a ll 191+3 Storeroom - Jackson 1938 S tra h a n House 1856 T e rre ll H all 1901+ W oodruff H a ll 1921+ Boys Dorm. (T ucker A H ow ell) 92, 000.00 7 0 ,0 0 0 .0 0 60, 000.00 1 0 1 ,3 5 8 .7 2 1 0 0 ,0 0 0 .0 0 1 0 ,0 0 0 .0 0 5. 000. 00 3. 000. 00 I+, 500.00 3. 500.00 3. 000. 00 2. 500.00 2. 500.00 1+38,000.00 2 .0 0 0 . 00 12, 038.1+9 90. 000. 75. 000. 9 * 172.50 I l a L i t t l e M emorial L ibrary TOTAL FRANKLIN CAMPUS 1 I+ , 6 0 2 ,021.6T * 5, 760.00 6,1+86.30 1 ,0 8 7 .1 1 00 00 31+,1+15.00__________ __ 7 7 ,9 5 3 .3 6 $15,322.1+3 P re s i d e n t *& Home $ 38,275.00 $ 86,601.82 Investm ent" 'jf End nfi Of Year ^ 1 li+ 8 ,0 0 0 .0 0 95, 300.00 159, 691+.66 1+3, 137. 31+ 8 ,0 0 0 .0 0 10, 1+91.11 800.00 1 1 ,0 0 0 .0 0 60. 000. 00 386, 721.52 25. 000. 00 150, 000.00 5. 760.00 6, 1+86.30 rtf 92. 000. 00 70. 000. 00 60. 000. 00 101, 356.72 ' *la> 1 0 1 ,0 8 7 .1 1 4 1 0 .0 0 0 . M 0- 0 5. 000. 00 3. 000. 00 h , 500.00 3. 500.00 3. 000. 00 2. 500.00 2. 500.00 1+38,000.00 2 .0 0 0 . 00 ' ;1 .: 12, 036.1+9 90. 000. 00 75.000. 00 9,172.50 t-jO 5U ,U 1 5 .0 0 `I f u 'tf i' g * | 12U .876.82 * C ollege of A g ric u ltu re AAA B u ild in g A battoir B arracks A (Fain) B arracks B (D udley) B arracks C (G riggs) Barrow H a ll Barrow H a ll Shop B o ile r House A B o ile r House B B o ile r House C C afeteria (S n ellin g ) Camp W ilk in s C avalry Barn 19j+0 191+8 191+2 191+2 19u2 19H 1938 191+2 I 9I+8 191+0 1925 1920 $ 50, 000.00 13, 500.00 60, 000.00 30, 000.00 30, 000.00 75. 000. 00 8 ,0 0 0 .0 0 5. 000. 00 5. 000. 00 9. 000. 00 133. 000. 00 1+0,000.00 7 , 500.00 50, 000.00 13, 500.00 60, 000.00 ;1 30. 000. 00 30. 000. 00^ 75. 000. 00 8.000. 00 |,4 5. 000. 00 ijfl 5. 000. 00 9 .0 0 0 . 00 g-m 133. 000. 00 +0,000.00 v ^ 7 , 500.00 -70' 1 it A A `\ i > KD w >0 1* >6 uM14 4 )0 .1 )0 )0 s X) ?2 T m X) X) i|i DO 50 X) DO I H 00 W W 72 1||> 11 00 00 00 00 1? 00 00 w y 00 1 00 00 i l 00 9 HIyMMm 00 I l 00 .50 T i l ,00 3 i.%1m4 .82 4-i y .00 r i .00 .00 1 .00 a . .00 mI .00 * .00 U .00 1 .00 .00 j w .00 .0 0 <1 fi .00 Tear A cquired C ollege o f A g ric u ltu re (Cont*d) C avalry Feed Barn C avalry Barn Annex 1926 1936 C avalry O ffice (Shack) C av alry B*Smith Shop Connor H all D airy Products Dawson H a ll F ie ld House 1930 I 92O I 9O8 19U0 I 932 191*3 Food P ro c e s sin g (C annin$1934 Food P ro c e s s in g (M eat) F orestry Four-H Club 19*40 Garage n ea r P o u ltry Bldgl913 G arage n e a r 1195 Lumpkin Greenhouse (V egetables & Flow ers) 1911+ Greenhouse (R esearch) 1948 Hardman H a ll Hoke Smith E x t. 1919 1938 Home M gt. A. Home M gt. B . 19*40 191*0 Home M gt. C. Home M gt. D. Laundry ) Dry C lean in g P la n t) 191*0 191*0 191*2 191*2 B o i l e r Room Gas House R ep air Shop Lumpkin H all ) 191*2 ) 191*2 ) 191*2 1829 Mary Lyndon H a ll N ursery School 1937 19*40 P a in t & J a n ito r Shop P h y sical Education 1919 1929 P lan t Pathology P oultry 1915 1913 R e sid e n c e -1195 Lumpkin B o i l e r H o u se-R e ar Poul* 1913 R esidence-R ear 1195 Lumpkin 191*5 R e s id e n c e -2 2 3 B u rn e t S t .1929 R e s id e n c e -2 2 5 B u rn e t S t .1929 R esidence-245 B urnet S t .1929 L ivestock S h elters R.O.T.C - C lassroom R utherford H all 191*7 1939 Shop*-- G rounds Soule H a ll U n iv ersity Store V eterin ary B uilding V eterin ary C lin ic #1 V eterinary C linie $2 1919 191*3 191*7 19*48 191*8 V e te rin ary M edicine 19*48 . W arehouse-rR ear AAA B ldg.l9i+ 0 Investm ent B eginning Of Year A dditions D eductions Schedule H -l Investm ent End Of Year 1 1 ,0 0 0 .0 0 600.00 500.00 00.00 200, 000.00 120, 716.00 183.563.57 * 5l*.3 3 6 .6 1 3. 000.00 52. 190.75 122, 000.00 3, 000.00 200.00 2 0 0 .0 0 3, 1*72.28 5, 300.00 1+6, 227.01 1+5, 000.00 78, 300.00 15, 000.00 15, 000.00 15, 000.00 15, 000.00 30, 500.00 *+,500.00 2 ,0 0 0 .0 0 500.00 500.00 1 0 ,0 0 0 .0 0 102,1+00.00 35, 000.00 500.00 153, 262.76 15, 000.00 15, 000.00 3, 000.00 2 0 0 .0 0 800.00 1 ,0 0 0 .0 0 1 ,0 0 0 .0 0 1 ,0 0 0 .0 0 * 15, 390.00 11+3, 500.00 2 ,0 0 0 .0 0 125, 000.00 3, 500.00 l6,6ll+ .00 1 8 ,0 0 0 .0 0 12, 015.20 561, 236.1+0 2 ,0 0 0 .0 0 *4,999.99 6 8 7 ,8 0 6 .9 3 $ 1 ,0 0 0 .0 0 600.00 500.00 1+00.00 200, 000.00 120, 716.00 1 8 7 ,0 3 5 .8 5 514, 336.61 3, 000.00 52. 190.75 1 2 2 ,0 0 0 .0 0 3, 000.00 200.00 2 0 0 .0 0 5, 300.00 1+6, 227.01 5, 000.00 78, 300.00 15, 000.00 15, 000.00 15, 000.00 15, 000.00 30, 500.00 !+, 500.00 2 ,0 0 0 .0 0 500.00 500.00 1 0 ,0 0 0 .0 0 102,1+00.00 35, 000.00 500.00 153, 262.76 15, 000.00 15, 000.00 3, 000.00 2 0 0 .0 0 800.00 1 ,0 0 0 .0 0 1 ,0 0 0 .0 0 1 ,0 0 0 .0 0 ,9 9 9 * 9 9 15, 390.00 143, 500.00 2 ,0 0 0 .0 0 125, 000.00 3, 500.00 l6,6ll+ .00 1 8 ,0 0 0 .0 0 12, 015.20 1, 249, 043.33 2 ,0 0 0 .0 0 -71- Schedule fl-1 Year A cquired BUILDINGS ( C o n t 'd ) C ollege of A g ric u ltu re (Cont*d) W arehouse l l on R. R. . 19i+8 W arehouse $ 2 on R. R. 19U8 TOTAL COLLEGE OF AGRIC. C o o rd in a te Campus B arn Bradw ell H all 1927 I 896 C arnegie L ib rary 1909 Cobb Hou s e 1909 D ozier School 19H G ilm er H all I860 Infirm ary 1916 M iller H all Old A uditorium 1917 I 898 Pound A uditorium Pow ell House R esidence - Foreman 1917 I 89U 1927 S r. H all (Rhodes) 1906 Shop A g ric u ltu re 1927 Sm ith B u ild in g 1906 T raining School 1902 W hite House W innie D avis H all 1899 1902 TOTAL COORDINATE CAMPUS Farm s 2 h o u s e s , SW p o t . Ag. Eng. cu rin g 19Ul 2 houses, S. W pot. Ag. Eng. cu rin g 19Ul 1 h o u s e , I n s t . - A g . E ng. 19U1 1 house, Tool-A g. Eng. 1 h o u se, 10 x l 6 Ag. Eng. 19h i I 9I+8 1 house E xper.-A g. Eng. 1 h o u se, Expen-Ag. Eng. B a rn , D a iry -A n . H u sb . I 915 B a rn , Hog - An. H usb. Barn, H orse-An. Husb. B arn, Iso la tio n An. Husb. I 923 B arn, M ule-An. Husb. 193U B ullpens-A n. Husb. 193U Implement Shed An. Husb. 1920 O ffic e , Forem an's An. Husb. I 927 R e s id e n c e A -C a rlto n Ave .1915 R e s id e n c e B - C a r lto n Ave An. Husb. 1915 R esidence Duplex An. Husb. 1912 Residence A, Near D airy Barn-An. Husb. 1912 Investm ent B eginning Of Year A dditions Investm ent Em* D e d u c tio n s _______ Of Y ear $ 9. 000.00 9, 000.00 $ 2, 735. 952.30 1 696, 279.20 $ 9. 000. 00 9. 000. 00 * 3. 432, 231.50 $ 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 +0, 000.00 500.00 4-5, 000.00 30, 000.00 1, 000.00 40, 000.00 1 499,000.00 $ 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 $ 4OO.OO 680.00 50.00 200.00 400.00 1, 000.00 300.00 40, 000.00 1. 500.00 4.,0 0 0 .0 0 1. 200.00 3, 000.00 600.00 1, 000.00 250.00 600.00 600.00 1 , 200.00 900.00 $ Uoo.oo 680.00 5O.OO 200.00 4OO.OO 1,000.00 50 0 .0 0 4O,0 0 0.00 1. 500.00 4,000.00 .1 200.00 3. 000. 00 600.00 1. 000. 00 250.00 600.00 600.00 1,200.00 900.00 -^sS- il ir 11 Year A cq u ired BUILDINGS (C o n t d ) " Farms (C ont*d) R esidence B, Near D airy Barn-An. Husb. 1912 R esidence C, Near D airy Barn-An. Husb. 1915 R esidence n e a r R. R. 1909 S cale Shed-An. Husb. 1929 1 Brooder House 16x18 P oultry I 9I+O 1 Brooder House 18x18 P oultry I 9I+0 1 B ro o d er House 16x1+6 P oultry 19)40 1 B rooder House 16x18 P oultry 6 Brooder Houses ll+xl6 P oultry 6 B rooder H ouses 12xll+ P oultry I 9I4O 194O I 94O 3 Brooder Houses 15*16 P oultry 19)40 3 Brooder Houses 16x20 P oultry I 9I+O 2 Brooder Houses 20x20 P oultry 19I4O 1 B ro o d er | A1 AJ X iij 'i I H ilA 4 ft k ff| t f y JhI jM, J l 5M 4 n m jA T 'f" 4 , * 1% T 4 If mJ f j| v lL -80' f 1 I >11 IA mI u 4M H STATEMENT OF CURRENT EXPENDITURES Year Ended June 30 1950 A. EDUCATIONAL AND GENERAL ADMINISTRATIVE & GENERAL C om ptroller's O ffice D ire c to r's O ffice G eneral A dm inistrative R e g istra r's O ffice TOTAL ADM. A GENERAL STUDENT WELFARE Dean o f Men Dean o f Women Placem ent Bureau TOTAL STUDENT WELFARE PLYSICAL PLANT LIBRARY INSTRUCTION Dean, A rts & Sciences A rt BiologyB usiness A dm inistration C hem istryE d u c a tio n E n g lish Geography & Geology H istory J o u rn a lis m M athem atics Modern Languages M usic N ursing Education P h ilo so p h y P hysical Education P h y sic s P o litic a l Science Psychology S o cio lo g y Summer S ch o o l TOTAL INSTRUCTION TOTAL EDUC. & GENERAL EXPEND, NON-EXPENSE: T ra n sfe r to P la n t Funds Reader Service TOTAL EDUC. & GENERAL DISB. T otal S alaries & Wages O perating S u p p lie s Expense E quipm ent # 16,99^.13 t 15,997.U7 75U.03 * 2U2.63 12,250.98 11,257.65 991.83 1.50 Jl.7U6.07 39,851.17 10,1+50.29 38,156.93 20,089.99 1,205.79 1.593.09 101.15 #100,81+2.35 I 75.862.3U + 23.U28.9U +1,551.07 * 4,141+1.52 989.96 l+,3l+6.19 981.86 U.U38.7U i+, 131.96 $ 9,870.22 * 9,1+60.01 1 95*33 8.10 306.78 1+10.21 # 76,085.95 # 1+1+,81+7.1+7 I 30,316.79 # 921.69 # 35,865.1+2 # 13,306.99 # 19,1+86.61+ +3.071.79 # 7,885.85 10,593.29 # 5,297.01+ 9,610.16 # 2,157.26 605.50 U31.55 377.63 20,00l+. 22 163,765.67 il+,375.00 10,319.39 17.u95.52 11+8,1+33.11 10,209.93 9.538.66 1.335.16 0,029.02 3.U30.82 559.85 1,173.51+ 7.303.5U 73U.25 220.88 U5.590.U1 1|2+,990.11 300.30 300.00 U.032.UU 11,206.93 5,982.53 26,186.19 21.383.95 ll+, 127.70 27,237.02 1,352.00 2,779-50 11.ou3.79 5,899.92 26.13u.72 21,297.69 13,195.70 2l+,l+98.38 1,352.00 50U.37 163.11+ 82.61 51 .U7 86.26 32U.55 2,25l+.85 7U8.57 607 .U5 U83.79 18,3U3.79 10,51+0.05 9,891.39 ll.373.U2 5,500.67 76,585.65 13.876.75 7,902.69 9.827.76 10,360.51 5,1+95.28 76,122.17 1.596.39 318.88 61+.13 29I4.I6 5.39 I+63 .1+8 2,870.65 2,318.1+8 718.75 i 56,278.06 11+75,361.39 # 22,627.59 #18,289.08 1738,91+2.00 #618,838.20 # 96,270.17 #23,833.63 # 2,71*0.16 291,00 7 la,9 7 3 .l6 -81- B . AUXILIARY EXPENDITURES BOOKSTORE OFFICE BUILDING REFECTORY TOTAL AUXILIARY EXPENDITURES NON-EXPENSE: T ra n sfe r to P la n t Funds TOTAL AUXILIARY DISBURSEMENTS TOTAL CURRENT EXPENDITURES T otal O bject C la s s ific a tio n pera tin g S alaries 9c Wages S upplies t E xpense E q u ip m en t *159,316.05 3.3U8.01 *155.689.33 * 278.7I 6,127.70 1+,993-21 1 .13UJ+9 21,109.60 1,999.70 19*085*10 21+.80 *180,553.35 F 10,31+0.92 17U.77U.U3 t 1,1+38*00 # 13,115.00 *199,668.35 925.U95.35 #629,179.12 271.0UU.6o *25.271.63 GENERAL AUXILIARY TOTAL CURRENT FUNDS PLANT FUNDS AGENCY FUNDS TOTAL STATEMENT OP CHANGES IN CASH BALANCES Year Ended June 30 1950 B alan ce J u l y 1 , I 9I+9 R eceipts D isbursem ents B alan ce For Year F o r Y ear Ju n e 30, 1950 * 99. 53u .69 $ 875,180.11 * 7U1.973.16 232.7Ul.6U 7-U.70U.5U 209, 359.95 199,668.35 81+,396.1I+ SITU,239.23 #1,081*, 5I+O.06 t 9u1.6U1.51 *317.137.78 # 3 6 ,0 0 0 .0 0 * 15. 855.16 # 15,855.16 # 36,000.00 $ 12, 1*56. 1+0 * 123.378.5U # 125.73U.01 # 10,100.93 *222, 695.63 *1,223,773.76 #1,083,230.68 *363,238.71 BANK BALANCES F u lto n N a tio n al Bank, A tla n ta O perating Aocount Revenue C o lle c tio n Account Student Prom otion O ffioe B uilding Account # 223,781+. 10 u 5. u 09.39 U.U38.07 7 1 .938.79 *3U5.570,35 C itize n s and Southern N atio n al Bank, A tla n ta B o o k sto re M usic Fund A ccount R efectory # 9.261+.09 3,81+6.1*6 3. 193.26 # 1 6 ,3 0 3 .8 1 T ru s t Company o f G eo rg ia S tu d en t C red it Union TOTAL * 1.36U .55 * 3 6 3 .2 3 8 .7 1 HI fi I AI f *V . 4a J1 a it- V> T $ I* - AjS - dll m ra b\ A f y4 - ! .4 'I f . *J 82 S tudent C red it Union S tudent Prom otion Music Fund Account R etirem ent C o llectio n W ithholding Tax C o lle c tio n Group In su ra n c e TOTAL STATEMENT OF AGENCY FUNDS Y ear Ended June 30 1950 Fund B alance J u l y 1, I 9I+9 R e c e ip ts D isb u rse- Fund B alano0 m ents June 30, 1950 t 5. 093. 5ft 4 ,8 1 7 .8 5 2, 147.00 398.01 $12,1+56.40 * 17, 973. 31 2l+,69l+.76 7 ,7 9 7 .0 0 1 2 ,2 9 6 .8 2 5 1 ,6 1 7 .2 0 8 ,9 9 9 .4 2 $ 123, 378.54 $ 21,702.33 25. 07f1. 5f1 6. 097. 5ft 1 2 ,2 9 6 .8 2 5 1 ,6 1 7 .2 0 8 ,9 lt5 .5 8 t 125. 73U.01 $ 1,364.55 it,lt3 8 .0 7 3>8lt6. 1t6 U 5 1 .8 5 $ 10, 100.93 STATEMENT OF UNEXPENDED PLANT FUNDS Year Ended June 30 1950 BALANCE, BEGINNING OF YEAR ADDITIONS: T ran sfer from G eneral Funds T ran sfer from A u x ilia ry Funds TOTAL ADDITIONS DEDUCTIONS: Expended fo r P la n t A dditions Land B u ild in g s and A d d itio n s to B u ild in g s A dm inistration B uilding Plans fo r proposed B uilding E quipm ent TOTAL DEDUCTIONS BALANCE, END OF YEAR SUMMARY OF INVESTMENT IN PLANT As o f June 30, 1950 VALUE OF PLANT, JULY 1 , 1949 ADDITIONS* Expended from P la n t Funds Expended from E d u catio n al and G eneral Funds and in clu d ed in C urrent E xpen d itu res TOTAL ADDITIONS INVESTMENT IN PLANT, JUNE 3 0 , 1950 Funds fo r P lant A dditions $ 3 6 ,0 0 0 .0 0 2 ,7 4 0 .1 6 1 3 ,1 1 5 .0 0 *1?,-055.16 $ 598.40 569.98 1 ,5 7 1 .7 8 1 3 ,1 1 5 .0 0 * 15. 855.16 $ 3 6 ,0 0 0 .0 0 * 9 0 1 .9 7 7 .5lt * 15. 855.16 23. 833.63 3 9 ,6 8 8 .7 9 $ 9 4 1 ,6 6 6 .3 3 -83- STATEMENT OF INVESTMENT IN PLANT Y ear Ended June 30 1950 Year A cq u ired Investm ent B eginning Of Year A dditions Investm ent End Of Year A . LAND Campus Off-Campus TOTAL LAND 19U5-U7 $166,961.91 $166,961.91 19U5-U7 l+,200.00 $ 598.1+0 i+,798.1+0 ^171,161.91 "1 598.1+0 11ti.700.31 B. BUILDINGS A d m in istrativ e A Classroom Gymnasium DeKalb E x ten sio n TOTAL BUILDINGS 19U5 $1+91,119.55 t 2 .1 U 1 .7 6 tu93.26i.31 19U7 19*42 1+,350.00 uu.u2u.13 u.350.00 $539.993.68 $ 2,11+1.76 t5U2.035.UU C. EQUIPMENT A d m in istrativ e O ffices & Classroom s A uditorium In s tru c tio n a l Departm ents L ibrary P hysical P lan t C afeteria TOTAL EQUIPMENT TOTAL INVESTMENT IN PLANT $ 1+8,1+62.62 ll+, 182.50 7u.u71.33 50,33*4.08 3.U71.U2 1190, 921.95 t 1,551.07 18,289.08 3.071.79 921.69 13,115.00 3,9U8.6 $ 50,013.69 1L+, 182.50 92,760.1+1 53.U05.87 , 393*11 13,115.00 $227,870.58 t901.977.5u $39.688.79 $91+1,666.33 -84- G E O R G I A I N S T I T U T E OF T E C H N O L O G Y FINANCIAL REPORT For th e Year Ending June 30, 1950 G eorgia I n s titu te o f Technology A tla n ta , Georgia 1 A i 85- BALANCE SHEET June 30 1950 ASSETS I . CURRENT FUNDS A. GENERAL Cash in Bank Im prest Cash U t i l i t i e s D eposit - Tech In st Accounts R eceivable V eterans A dm inistration Student Fees *210, 71*8.21 Guidance Fees 8 ,6 7 1 .8 5 Army, Navy, Voo. Rehab, 13*978.07 Research C ontracts 159*138.95 Due from T ru s t Funds TOTAL GENERAL FUNDS -1 0 3 ,7 1 9 .2 k 32, 300.00 3, 000.00 392, 537.08 778.56 * 32k* 896.k o 4 1i p Mk * - | I> 2 1 vl+ 1 'M a SB 1T y. J * 1 : nfJRM i 3; ?I STUDENT WELFARE Infirm ary YMCA Dean o f S tu d e n ts TOTAL STU. WEL. Fund C l a s s i f i c a t i o n General R estricted $ 61,131.69 9 ,5 7 2 .8 2 39. 91+7.53 F ~ 110, 652. 0h S alaries Sc Wages U2, 7 2 5 .0 0 5.869.U 2 37. 039.60 8 5 ,6 3 U .o2 S u p p lie s Expense Equipment 16, 993.01 2, 515.69 l^,& 08.7o i , U i 3.68 3, 703-Uo 392.2U 5 ,5 0 9 .3 2 PLANT OPERATIONS B u ild in g s A G rounds $ U0 2 . i Z J . 1 2 Power P la n t P la n n in g Sc C o n s tr u c tio n 1 2 5 ,U 9 8 .i4 l 19.5U 3.00 TOTAL PLANT OPERA. F " 5U 7.3 .53 LIBRARY I 96,788.U 8 9. 699.83 276, 7U6.62 28,88U .70 1 8 ,8 2 8 . 1*9 3a t . u 59. 8i 60, 250.22 1 2 1 ,5 1 9 .0 9 8 6 ,9i4U .25 36U.51 208, 827.85 h* 061. h i 9,669 .46 350.00 lU, 080.87 1, 798.28 UU,U39.81 INSTRUCTION Dean o f F a c u ltie s Co-op D epartm ent $ 13.o u 3.75 10. 923. 5u Engineering School Dean* s O ffic e A ero n atu tio al Bngr. A rchitecture 13.u 99.57 U6. 951.75 6 5 ,1 5 6 .8 7 Ceramic E n g in eerin g 3 1 ,5 2 5 .1 5 Chemical E ng in eerin g C iv il Engineering 7 1 ,7 9 5 .3 3 5 1 ,2 7 8 .5 0 E le c tric a l Engr. I I O .7U2.59 Engr* Draw, Sc M echanics 97U23*53 I n d u s t r i a l E n g in e e rin g 5U,U39.8U Meoh. E n g in ee rin g 1U5. 662.92 S afety E ngineering T ex tile E ngineering 9,627^*9 U 9,7 2 6 .3 8 TOTAL ENGR. SCHOOlF" 7 9 1 ,7 9 7 .2 1 1. 72U.15 100.00 12, 525.00 1U .3U9.15 1 2 ,0 9 9 .9 6 9.1U 2.75 11, 633.92 38,aU 7.80 75, 201.91 26,U 57.03 53, 322.96 U 7.220.85 97, 863.99 8 3 ,6 1 1 .2 8 U6.U 75.39 129, 213.39 8 ,9 8 3 .0 0 5 U ,U 9 9 .1 6 9U ,573.39 9U3 .7 9 1, 380.31 U00.U8 1, 181.17 32.,221539..85 56 2, 966.09 7. 293.U7 2. 53U.35 2 ,0 0 3 .8 3 6 8 U .7 2 1 ,7 0 9 .9 9 6 ,0 7 8 .3 3 63U.O8 5. 1U7.30 3 8 ,0 3 0 .8 h 68U.U8 7 . . 1U .55 6, 695.10 2,1 0 2 .0 3 11, 178.90 1 ,5 2 3 .3 0 10.87U .77 1 3 ,1 2 7 .5 3 6 .3 5 U .U 6 1 0 ,3 7 1 .2 0 10.U1 2, 60h .92 73. 5u2.13 G eneral S tudies School D ean's O ffice $ 12,808.96 B io lo g y Sc P ub. H e a lth 15. 319. 8u C hem istry 185,U82.92 I n d u s t r i a l Management l l h , 121.09 E nglish 91, 639.69 M athem atics 107,170.12 Modern Languages 26, 537.98 M usic ll,809.lU P hysical T raining U9,058.92 P h y sio s 101,64U.13 Psychology 22. u 5u .38 S o cial Science 36,110.6U TOTAL GEN. STUDIES $ 77U, 157*81 15.00 15.00 11,298.78 1u . 795.92 115, 666.37 111,062.21 89,710.11 105,025.07 26,136.9U 10, 599.69 UU,399.8U 83, 688.55 19.U6l.75 3U,895.87 666,7U1.10 778.83 UUU.82 731.35 79.10 17. 3U3.79 52.U87.76 625.97 2.U32.91 9U2.03 1 .U97.36 168.30 987.55 6U7.9 232. 7U 772.27 U37.18 U, 659.08 7,721.70 10, 233.88 U88.61 2, 50U.02 U63.99 750.78 35. 906.75 71.52u.96 G raduate D iv isio n $ 37. u 31.06 Army ROTC 6, 022.99 A ir ROTC 3.936.U9 Naval Science l,966.iiU Summer S ch o o l 165,169.32 TOTAL INSTRUCTION f 1,700,h-81.32 lh,36U.15 36,0U7.9U U, 10U.U5 3,222.80 1,559.15 165. 169.32 1,571.U18.15~ 69U.06 991.69 268.06 2U3.01 689.06 926.85 UU5.63 16U.28 _I6,13U.U1 lU7.2Q2.QX - 93- Fund C la s s if ic a tio n G eneral R estricted Object Classification O perating S alari es S u p p lie s & Wages & Expense Equipment RESEARCH !$ 5 7 3 A 6 .i* Q 2 0 ,5 6 6 .3 1 U66,Ol6*3U 98,86U .32 28,932.05 EXTENSION A dm inistration !1 Eveiiing School C o n feren ces In d u s tria l Education Technical In s titu te V eterans Guidance TOTAL EXTENSION! 19. 855.11 155.687.31 12,1+17.50 1,089*28 2 U 5 ,2 6 2 .2 3 U 0 ,3 U 6 .1 8 U 7 U ,6556l 1 9 ,5 3 0 .8 0 1 9 ,5 3 0 .8 0 19, 253.88 150,8U9*25 9 ,7 7 5 .0 2 17. 3U1.92 182,201.87 35. u 56.35 U lU ,878*29 599.23 2.26U .93 2 ,6 U 2 .U 8 3 ,2 7 8 .1 6 3 6 ,0 0 2 .6 1 2 ,2 66*U 8 U7. 053.89 2 ,5 7 3 .1 3 2 7 ,0 5 7 .7 5 2. 623.35 32. 25u .23 TOTAL EDUC. & GEN. EXPENDITURES $ 3 ,8 7 6 ,056.08 6U ,161.09 3, 100, 698.77 560, 957.98 2 7 8 ,560. U2 NON-EXPENSE f& nsfer to R estricted FXmds \1 15, 000.00 T ra n s fe r to P la n t Funds27U689.11 Due from Endowment w 778.56 TOTAL EDUC. GEN. DISBURSEMENTS $U1 6 6 ,5 2 3 .7 5 B. AUXILIARY ENTERPRISES BOOKSTORE i* 563, 675.78 DORMITORIES Brown $ 10,628*62 Cloudman 2,817*61+ G lenn 21,730*97 H arris 8,81+6.02 H arrison 10, 1+76.71 Howell S m ith 9 ,3 2 8 .1 9 23. 1+2.55 T echnical In s titu te 2 6 ,8 9 6 .8 5 Teohwood 3 U .6U 3.11 Towers 21,0 0 U * 0 9 TOTAL DORMS. 1 169. 511+.75 APARTMENTS B urge C allaw ay C allaw ay No. 1 TOTAL APTS. i* 2 0 ,3 8 2 .8 2 3 5 ,7 8 1 .2 2 2,0lU .71 }i 58, 178.75 DINING HALLS B rittain Tech In s t C ollege Inn TOTAL D. H. |\ 302, 209.21 63. 32u . 6i 1 5 U ,3 U 0 .9 9 1\ 5 1 9 .8 7 U .81 7u . 88u . 9u U86, 963.86 1 ,8 2 6 .9 8 8, 083.90 13,909*21 6 ,U 7 3 .U 6 6, 629*U8 5.6U 7 .U 3 15, 265.70 15,96U .39 16, 712.85 lU .7l9.U o 1 0 3 ,U 0 5 .8 2 8, 037.56 15. 955. 5U 1.U 09.57 25.U02.67 2. 5U0.77 2 ,8 1 7 *6U 7, 657.88 2, 367.95 3,8U o .6U 3. 676.15 7,86U .33 10, 729.83 17, 919.06 6,27U .81 65, 689.06 3 .9 5 163.88 U.61 6.59 U*6l 12.52 202.63 11.20 9 .8 8 U19.87 11, 292.90 19. 710.U0 598.55 3 1 ,6 0 1 .8 5 1 ,0 5 2 .3 6 115.28 6.59 1. 17U.23 9 7 ,6 7 2 .0 9 1 8 ,5 U U .0 8 U5. 687.37 " 161, 903. 5U 2 0 1 ,9 7 1 .7 3 UU, 302.19 106, 539.12 3 5 2 .8 1 3 .OU 2. 565.39 U78. 3U 2, l l U .50 5, 158.23 -9 4 * jK| 4$ il i A A :*fv H A J j jV fl *Mr m a <> i>: : 4 v m \V 1 JIVSI Fund C l a s s i f i c a t i o n G eneral RESIDENTIAL PROPERTY -------- R eg u lar $ i+, 4.62 53 T ru st Fund P ro p e rty 1, 867*63 R estricted TOTAL RENTAL # 6 ,3 3 0 .1 6 O bject C la ssific a tio n O perating S alaries S u p p lie s Se Wages & Expense Equipment i*.1*62.53 1, 867.63 6 ,3 3 0 .1 6 MILITARY UNIFORMS OTHER TOTAL AUXILIARY EXPENDITURES $ 65,090*36 $ 7*092*33 #1,389,756.91+ 8,098*73 5. 658.39 56, 991.63 1. 1*33.91* 379.35l*.09 1. 001,823.5!+ 8 ,5 7 9 .3 1 NON-EXPENSE T ransfer to P lant Rinds 237.677.51* TOTAL AUXILIARY DISBURSEMENTS |l,6 2 7 ,l+ 3 l+ * l+ 8 C. OTHER NON-EDUCATIONAL Fellow ships S c h o la rsh ip s O ther 17,733 -lh 18,762*61+ 665*82 1 7 .7 3 3 . U* 18,762.6!+ 665.82 TOTAL OTHER NON- EDUC. EXPENDITURES NON-EXPENSE T ra n sfe r to Gen. Funds 3 7 ,1 6 1 .6 0 .oi+ 17.733.11* 19,!+28.!+6 TOTAL OTHER NON-BDUC. DISBURSEMENTS 3 7 .l6 l.6 1 i TOTAL CURRENT EXPENDI. 1 5 ,2 6 5 ,8 1 3 * 0 2 101, 322.69 3,1+97,786.00 1 , 582, 209,98 2 8 7 ,1 3 9 * 7 3 ,4> J V :4 M >1 u y |I -fpj i t STATEMENT OF OPERATIONS OF RESTRICTED FUNDS For Year Ended June 30, 1950 A. EDUCATIONAL AND GENERAL GIFTS & GRANTS Dr* Chas* A* Thomas, Chem Zaohry*s In d . Eng, Lounge G* E* B* - Equipm ent Wind Tunnel Gen, Educ* Board - R esearoh Gen* Educ* B oard - L ib r a r y T ex tile Foundation TOTAL GIFTS & GRANTS B alan ce B eg in n in g Of Yeiur R eceipts For Year D isburse m ents For Year * 1, 259.16 2,lilt6.56 1.1*5 f3,707.17 150.00 100.00 2 6 ,0 0 0 .0 0 1 0 ,0 0 0 .0 0 12, 500.00 ~ 1+8,750.00 15.00 100.00 l,7 2 i+ .1 5 1 1 ,8 0 0 .0 0 9 ,6 9 9 .8 3 1 2 ,5 0 0 .0 0 3 5 ,8 3 8 .9 8 B alan ce End Of Year 135.00 1, 259.16 722. 1+1 li+ ,2 0 0 .0 0 301.62 1 6 ,6 1 8 .1 9 A - 95- ENDOWMENT L o u is H W e llh o u se - R e se a rc h D an iel Guggenheim - R esearch P h i l i p H. Lamar - R e se a rc h B E* W illin g h a m - T e x t i l e TOTAL ENDOWMENT PUBLIC APPROPRIATIONS V ocational Funds TOTAL EDUC. * GENERAL B. OTHER NON-EDUCATIONAL FELLOWSHIPS R esearch C orporation R e se a rc h C o rp . No 2 S h e ll O il Company R e se a rc h C orp. No 3 Ed. O rton J r . Ceramic F oundation S outhern Airways T enn. E astm an No 1 Tenn E astm an No 2 T ennessee Corp T. E arl S trib lin g R e se a rc h Corp No. 1+ R esearch Corp No. 5 R e se a rc h C orp. No 6 C arn eg ie Award No. 1 C a rn e g ie Award No 2 C a rn e g ie Award No 3 C a rn e g ie Award No. 1+ C a rn e g ie Award No 5 T exas Company C a rn e g ie Award No 6 C a rn e g ie Award No 7 R esearch Corp No. 7 S to n e Mt G r i t Company TOTAL FELLOWSHIPS SCHOLARSHIPS K ate McGrath G Mote W illia m s No 1 G. Mote W illiam s No. 2 N a tio n a l B eta Club C o lo n ia l Dames o f A m erica Pepsi-C ola W.M.TJ. Rhodes Jefferso n M ills Inc. War Orphans Sears-R oebuck No. 1 J e s s e H Jo n e s B alan ce B eg in n in g Of Year 2JU.7U * 23U .7I* R eceipts For Year 7 9 .7 7 7 ,0 6 1 .8 0 1, 390.00 25.00 8, 556.57 D isburse m ents For Year 311+.51 7 ,0 6 1 .8 0 1, 390.00 25.00 8 ,7 9 1 .3 1 B alan ce End Of Year - 6, 169.55 # - 2, 227. 61+ 2 0 ,7 0 9 .7 1 78, 016.28 19, 530.80 61+, 161.09 -1+,990.61+ 11,627.55 # - 100.00 1+50.00 237.72 . 01+ 6, 193.82 .03 293.53 1 ,9 5 1 .3 2 1, 500.00 3, 000.00 650.00 750.00 1 ,0 0 0 .0 0 9.52 500.00 1, 500.00 17, 935.98 100.00 675.00 1, 500.00 1, 200.00 1, 200.00 750.00 3, 222.72 1, 502.50 1 ,0 0 0 .0 0 900.00 1, 600.00 600.00 ll+, 2 5 0 .2 2 1, 125.00 1 ,6 2 2 .7 3 . 01+ 1, 100.00 .03 1, 200.00 9 9 ^ .3 0 l,8 3 i+ .0 0 1, 313.00 1, 1+90.00 2, 175.00 61+9*1+0 750.00 717.16 9 .5 2 500.00 1 ,2 0 0 .0 0 1 ,0 0 0 .0 0 53.00 1 7 ,7 3 3 .1 8 111+.99 100.00 6, 193.82 1*9.23 3, 31+0. 01+ 189.50 10.00 825.00 .60 282.81+ 300.00 81+7.00 1, 600.00 600.00 114, 1*53.02 529.57 21+.50 200.00 32.00 1, 000.00 500.00 5U9.50 300.00 125.00 1+73.00 150.00 6, 000.00 1, 1+00.00 '253.31+ 239.00 51+9.50 138.00 125.00 1+73.00 150.00 6, 975.00 200.00 32.00 900.00 7I+6.66 261.00 162.00 -l,50l+ .57 21+.50 500.00 ni % mi 4V -jki > SCHOLARSHIPS ( C o n t'd ) Win. B. H e ath - Coca C ola Company Sooony-Vacuum O il Company Manget F oundation Savannah Gas Company S e a rs-R o e b u c k Company No. 2 L* W. R o b e rt Textron In c . S ears-R oebuck Company No. 3 S e a rs-R o e b u c k Company No. 4 Rioh*s C ity P lanning Community E n te r p r is e s A ir Force Aid S o c ie ty B atson S cho larsh ip TOTAL SCHOLARSHIPS OTHER John King Fund TOTALS B alan ce B eg in n in g Of Year R eceipts For Year $ 450.00 91.00 2 ,0 0 0 .0 0 166.68 150.00 150.00 r2 ,7 jii;6 r_ 4 5 0 .0 0 2 ,0 0 0 .0 0 550.00 200.00 2 ,0 0 0 .0 0 1 ,0 0 0 .0 0 1 ,0 0 0 .0 0 7 0 0 .0 0 1 ,5 5 7 .0 0 1 9 ,9 5 4 *$0 D isbursement s For Year 1 , 716.33 550.00 200,00 91.00 3.J+90.75 166.68 138.00 150.00 668.04 700.00 857.00 1 8 ,7 6 2 .6 4 B alan ce End Of Ye a i* 900.00 283.67 509.25 12.00 531.96 1 ,0 0 0 .0 0 700.00 3 ,9 5 5 3 7 $18,14142.95 2T 637.67 114, 858.67 665.82 101, 322.73 1 ,9 7 1 .8 5 3 1 .9 7 8 .9 9 +01 > fi STATEMENT OF TRUST FUND BALANCES Year Ended June 30, 1950 Endowment Funds Loan Finds BALANCE OF PRINCIPAL, BEGINNING OF YEAR $517,781.29 li <4,599.64 ADDITIONS: G ifts and G rants Gain on In vestm ents Income on In v e stm en ts T ra n sfer from Loan Funds T ra n s fe r from Endowment Funds Income on S tu d e n t Loans C o lle c tio n s on Notes P rev io u sly W ritte n O ff T ran sfer from U n iv ersity o f G eorgia TOTAL ADDITIONS $ 24,369.43 350.00 29. 769. 6U 2 6 ,7 8 8 .4 3 81, 277.50 5 ,8 0 4 .0 3 4 ,7 2 8 .8 3 1 ,4 6 6 .1 6 548.66 479.09 1 ,0 9 1 .0 5 1 ,3 5 6 .9 0 15. u 5u .72 DEDUCTIONS: T ran sferred to G eneral Funds T ra n sfe rre d to R e s tric te d Finds T ra n s fe rre d to Endowment Funds T ra n sferred to Loan Finds A pplied fo r Purpose of T rust Notes W ritten Off C o llectio n Expense TOTAL DEDUCTIONS BALANCE END OF YEAR Due t o G e n e ra l Funds LESS: Income n o t T ra n s fe rr e d BALANCE OF PRINCIPAL, END OF YEAR $ 20,313.11 1 1 ,0 3 3 .8 0 548.66 21, 14IO.02 : 53. 305.59 2 6 ,7 8 8 .4 3 250.00 6, 505.11 92.90 33. 636.u u 5U 5.753.20 4 0 .3 9 141.34 1 2 6 ,4 1 7 .9 2 - 97- 5U5.571.U-7 1 2 6 ,4 1 7 .9 2 T otal Funds 6 6 2 ,3 8 0 .9 3 3 0 ,1 7 3 .4 6 5 ,0 7 8 .8 3 31. 235.e o 2 6 ,7 8 8 .4 3 548.66 479.09 1 ,0 9 1 .0 5 1 ,3 3 6 .9 0 96, 732.22 2 0 ,3 1 3 .1 1 1 1 ,0 3 3 .8 0 2 6 ,7 8 8 .4 3 548.66 21, 660.02 6 ,5 0 5 .1 1 92.90 86. 9i42.03 672, 171.12 4 o .39 141.34 6 7 1 ,9 8 9 .3 9 STATEMENT OF TRUST FUND BALANCES BY FUND For Year Ended June 3 0 , 1950 ENDOWMENT FUNDS A rc h ite c t Alumni P riz e E . 0 B a tso n S c h o la r s h ip J u l i u s Brown Brown Mem* S in k in g Fund Jo se p h in e Cloudman A lic e Coon6 L loyd C* D a n ie ls Forrester-M cR ae-R ankin D an iel Guggenheim Aero* B* M i f f i n Hood C h a ir o f C eram ics C* L* K ing M em orial P h i l i p H* Lamar R e s e a rc h Edmund M agers G e n e ra l K ate McGrath T* E* M it c h e l l M* R ich J . M. T e r r e l l WGST B ro a d c a s tin g S t a t i o n B* E* W illin g h a m TOTAL ENDOWMENT FUNDS Fund Balance Beginning Of Year Additions $ 4.08*00 18.00 12,160*73 445.71 183, 276. 1I4 13, 060.15 21, 410*02 77.928.8U 7,1*+1.96 4, 436.62 5, 000.00 1, 910.03 78.36 168, 111*95 7, 061.80 15, 660.00 19, 266. 6*4 12, 907. 0*4 32, 000.00 1, 390.00 102.79 1 ,0 0 0 .0 0 5. 711.94 50.00 4 ,5 8 1 .4 9 4 . 915.58 1 ,0 0 0 .0 0 25.00 t517.7 8 1 .2 9 81,277.50 Fund Baiane End of Deductions Year 1, 557.00 13, 092.79 21,*410.02 7,1*41.96 86.62 78.36 7 , 061.80 *407.0*4 1, 390.00 1 ,0 0 0 .0 0 55*00 25.00 53, 305.59 *426.00 11,0*49.*4*4 183,2*43.50 7 7 ,9 2 8 .8 4 *4,350.00 5, 000.00 1, 910.03 168, 111.95 32, 926. 6*4 12, 500.00 32, 000.00 102.79 5. 711.94 50.00 4, 526.49 4, 915.58 1 ,0 0 0 .0 0 545, 753.20 STUDENT LOAN FUNDS A rchitect G. WV A d a ir J* Baldwin M. R . B e rry S* F . B oykin T . P* B ranch M em orial M* L* B r i t t a i n S . S . C la s s J* B* C am pbell J o se p h in e Cloudman H o llan d Colemah W illia m B* Coleman P o s t A lic e Coons A. C* Dobbs A French Ga* F e d e r a t i o n o f L abor Mrs* A* V* Gude Lyman H a ll J . M. H igh D r. and Mrs* T* P . Hinrnan I r v i n g Subway G r a tin g Co* Inc* Edwin Johnson K* A. F o u n d a tio n C* L* King M em orial M alta Lodge Lona M ansfield E* P . MoBurney J* A* M cFarland T. E. M itchell G ayle Nimock M emorial Q uarterm aster M. R ich L* W. R o b e rt S co ttish R ite $ 205.71 466.23 51.20 2 ,7 2 2 .2 0 100*70 129*28 517.16 517.16 1 0 ,9 3 2 .7 5 665. 4.7 433*86 4 ,4 9 3 -9 5 81.0*4 1,7214.51 886*06 205.72 1. 549.56 2,0L47.99 205.79 352.50 <43.69 88.00 13. 095.56 1 ,1 5 8 .1 9 831. 24 10,226 .49 102.92 43. 112.35 1*49.3*4 32, 909.147 50.00 101.96 1 , 101.67 18.72 50.71 2*49.50 1.00 12 .*48 56. 6*4 56.14 1,1*42.26 62.36 5.00 87.12 1*49.70 87.34 18.72 1*49.70 199.58 1.87 3 .7 5 *43.66 *4*48. 3*4 I I .25 81.08 146.39 12 .*48 1, 574.79 1.25 4 ,8 1 7 .9 5 .63 10.00 472.94 i+,000.00 12, 500.00 445.33 10, 132.09 830.02 50.00 - 98- 22*4 .*43 516.94 51.20 2, 971.70 101.70 1*41.76 573.80 573.30 11, 602.07 725.83 *438.86 581.07 81.0*4 1, 87*4.21 973.40 22*4 .*i*4 1, 699.26 2, 247.57 207.66 356.25 487.35 88.00 1,0*43.90 1 . 169.44 912.32 9, 927.55 115. *40 34, 554.25 150.59 36, 897 .*40 102.59 1 ,1 1 1 .6 7 V] f l WW jk J STUDENT LOAN FUNDS ( C o n t 'd ) Sam W. S m all T . W. S m ith J . P. Stevens J . M. T e r r e l l C lark Thornton M emorial E. A. Turner A rthur W illiam s E sta te M rs. Fannie B. W right Win. O tt A ls to n M em orial J . G. B osw ell M rs. T. 0 . M arshall TOTAL LOAN FUNDS TOTAL TRUST FUNDS Fund Balance B eg in n in g Of Year A dditions * 101.95 273. 3O 5 ,5 3 0 .7 5 5,395*95 374.59 50.70 259.82 9 5 U .8 6 1 4 4 ,5 9 9 .6 4 .63 3 .1 2 1+7.00 7 9 .7 7 1+.38 8G+.03 I I .25 501+.13 i+,000.00 500.00 15, 454.72 $ 6 6 2 ,3 8 0 .9 3 96, 732.22 Fund B alance End Of D eductions Year 21I+.39 4 ,7 4 0 .8 7 25O.OO 33, 636.44 IO2.58 2 7 6 .f+2 5. 363.36 734.85 378.97 50.70 813.85 966. l l 50+.13 i+,00 0 .0 0 500.00 126, 417.92 86,91+2.03 672, 171.12 fl *8 * h i*t B DETAIL OF ENDOWMENT FUNDS - INVESTMENTS F or Year Ended June 30 1950 R ate of In terest COMMON STOCK West P o in t Mfg. Co. S e r. No*. 7102-3-2+-5-6, 1,000 shares D ate o f M aturity Book V alu e M arket V alu e $ 5, 000.00 3 1 ,5 0 0 .0 0 PREFERRED STOCK G e o rg ia Power Company, No. AO11+392 3 Shares 4-1/275 # 300.00 338.25 CAMPUS REAL ESTATE 836 C h erry S t r e e t 81+6 C h e rry S t r e e t 850 C herry S tr e e t 856 C herry S t r e e t 866 Cherry S tre e t 870 C herry S tr e e t 876 C h e rry S t r e e t 880 Cherry S tr e e t 886 C herry S tr e e t 906 Cherry S tre e t 835 Plum S tr e e t 875 Plum S tr e e t 879 Plum S tr e e t 885 Plum S t r e e t 889 Plum S t r e e t 899 Plum S tr e e t 905 Plum S tr e e t 179 F ourth S tr e e t B usiness L ot, Corner N orth Avenue and H em phill Brown H a ll Cloudman H a ll H arriso n & Howell H a lls TOTAL CAMPUS REAL ESTATE 3, 819.13 3. 819.13 3 .8 1 9 .1 3 3. 819.13 3. 819.13 3. 819.13 3.819.13 3.819.13 3 .8 1 9 .1 3 3 .8 1 9 .1 3 3 .8 1 9 .1 3 3 .8 1 9 .1 3 3. 819.13 3. 819.13 3.819.13 3.819.13 3 .8 1 9 .1 3 3 .8 1 9 .1 3 3. 819. u+ 3, 819. il* 3. 819. lit 3, 819. l i t 3 .8 1 9 .1 3 3. 819.13 3 819. l i t 3,819.U t 3 .8 1 9 .1 4 3 .8 1 9 .1 4 3 ,8 1 9 .lit 3 , 819. lit 3. 819.14 3. 819.14 3 .8 1 9 . Ht 3.819.14 15,088.60 15, 088.60 3 5 ,3 7 3 .8 5 35, 373.85 63,6it7.82 63,647.82 lt7,086.26 4 7 ,086.26 110, 659.01 110,659.01 336. 780.82 336, 780.82 - 99- OFF CAMPUS REAL ESTATE Texas PropertyLots, Atlanta WGST Broadcasting Station TOTAL OFF CAMPUS REAL ESTATE GOVERNMENTAL BONDS S e r i e s G No. V6331906 S e r i e s G - No, V63319I 6 S e r i e s G - No. V562U8O S e r i e s G - No. MU837U72 S e r i e s G - No. MU837U73 S e r i e s G - No. MU8377U S e r ie s G - No. MU83775 S e r i e s G - No. M6953159 S e r i e s G - No. M69OI63U S e r i e s G - No. C5289782 S e r i e s G - Nb. C5289783 S e r i e s G - No. C528978U S e r ie s G - No. C5289785 S e r i e s F 1950 - No. U006 S e r i e s F 1950 - No. 15817 S e r i e s F 1950 - No. 15818 S e r i e s H 1950 - No. 599lU S e r i e s H 1950 - No. 8015 S e r i e s H 1950 - No. 8 0 l6 S e r i e s H 1950 - No. 8017 S e r i e s H 1950 - No. 8018 S e r i e s H 1950 - No. 8019 S e r i e s E 1950 - No. 8020 S e r i e s H 1950 - No. 8021 S e r ie s A 1951 - No. 10670 S e r i e s A 1951 * No. 10671 S e r ie s A 1951 - No. 19629 S e r i e s A 1951 No. 19630 S e rie s A 1951 - No. 3295 S e r ie s A 1951 * No. 2862 S e r i e s F No. Q1018UUU S e r i e s F No. QIOI844.3 TOTAL GOVERNMENT BONDS NOTES RECEIVABLE R eal E s ta te , 371 W ashington S tr e e t OTHER Georgia Tech Bonds TOTAL ENDOWMENT INVESTMENTS R ate of In terest D ate o f M aturity 2-1/2# 2-I/2# 2-I/2# 2-I/2# 2-1/2?. 2-I/2# 2-I/2# 2-I/2# 2-I/2# 2-I/2# 2- 1/2# 2-I/2# 2 - 1-2# i-iA % 1-1A# 1-1A# 1-1/8# 1-1/8# 1 - 1/ 8% 1-1/8# 1-1/8# 1-1/8# 1-1/8# 1-1/8# 1-1/8# 1- 1/8# 1-1/8# 1-1/8# 1-1/8# 1-1/8# 3-1-60 3-1-60 7- 1-57 7- 1-58 7- 1-58 7- 1-58 7 - 1 -5 8 3-I-6O 3-1-60 3-I-6O 3-1-60 3-1-60 3-1-60 7- 1-50 7-I-5O 7-I-5O IO-I-5O IO-I-5O IO-I-5O IO-I-5O IO-I-5O IO-I-5O IO-I-5O IO-I-5O I-I-5I I-I-5I I-I-5I I-I-5I I-I-5I I-I-5I 12-1-57 12- 1-57 2 -lA # Book V alu e M arket V alu e 75.599.10 150,000.00 2 , 9 8 0 ,3 1 2 ,980.31 U.9 1 5 .5 8 2 5 8 ,9 6 U.87 1 8 3 , 29I4-99 " U ll7 9 U 5 .8 $ UAoo.oo 1,550.00 5,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 100.00 100.00 100.00 100.00 5,000.00 10,000.00 10,000.00 10,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 10,000.00 10,000.00 1,000.00 1,000.00 1,000.00 5,000.00 25.00 25.00 $ 8 7 .U0 0 .0 0 U,Uoo.oo 1,550.00 5,000.00 1, 000.00 1 , 0 0 0 .0 0 1, 000.00 1, 000.00 1, 000.00 1, 000.00 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 5,000.00 10, 000.00 10, 000.00 10, 000.00 1, 000.00 1 , 000.00 1, 000.00 1, 000.00 1, 000.00 1, 000.00 1 , 0 0 0 .0 0 10, 000.00 10, 000.00 1, 000.00 1 , 000.00 1, 000.00 5,000.00 25.00 25.00 8 7 ,UOO.OO $ 7 .U2 9 .U7 7 ,i^2 9 .Ii7 $ 3 *8 5 0 .0 0 1521*. 055.28 3,927.00 879,320.72 DETAIL OF LOAN FUNDS - INVESTMENTS F or Year Ended Ju n e 30 1950 GOVERNMENTAL BONDS S e r i e s G - No. V633I 886 S e r i e s G - No. V63303U6 S e r ie s G - No. V6331906 2-1/2# 2-I/2# 2-I/2# - 100- 3-1-60 3-1-60 3-I-60 $ 5*000.00 5,000.00 60O.OO 5,000.00 5,000.00 6OO.OO MH >J i#i B il GOVERNMENTAL BONDS (C ont*d) S e r ie s G - No* V6331916 TOTAL GOVERNMENTAL BONDS NOTES RECEIVABLE Student Loans OTHER G eorgia Tech Bonds C ity of M arie tta S e r ia l 38*39 TOTAL OTHER TOTAL LOAN INVESTMENTS Rate of In te re s t 2- 1/ 2$ Date o f M aturity 5- 1/60 2-1/1+$ 5$ Book V a lu e 1 3, 1+50.00 $ ll+,050.00 Market V alu e 3, 1+50.00 li+ ,050.00 $ 1 2 ,1 3 2 .8 5 12, 132.85 $ 51, 150.00 5 2 ,1 7 3 .0 0 2, 000.00 2, 000.00 53, 150.00 " 5^+, 173.00 1 79. 532.85 8 0 ,3 5 5 .8 5 CURRENT FUNDS G eneral R estricted A uxiliary TOTAL CURRENT FUNDS AGENCY FUNDS TRUST PUNDS Endowment Loan TOTAL TRUST FUNDS PLANT FUNDS TOTAL STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30 1950 Cash Balance J u l y 1, 191+9 R e c e ip ts D isb u rsem en ts Cash B alance For Year For Year June 30, 1950 1 -3 8 ,1 1 6 .7 2 18,14+2.95 26,1+61+.1+1+ 6, 790.67 1+, 136, 221.23 lll+ , 858.67 2,01+6,659.53 6,297,739.1+3 1+,166,523.75. - 68, 1+19. 21+ 1 0 1,322.73 31, 978.89 1 ,6 2 7 ,1+31+.1+8 14+5, 689.1+9 5 ,8 9 5 ,2 8 0 .9 6 " 1+09, 21+9 . 11+ $ 65, 966.19 1 ,3 3 0 ,1 5 8 .6 5 1 ,2 7 0 ,5 9 8 .3 8 125, 526.1+6 * 35,882.07 i+9,l+5l+.2l+ 1 85, 336.31 li+5, 1+06.22 25,809.27 171,215.1+9 159,590.37 27,14+0.27 187,030.61+ 21, 697.92 1+7,823.21+ 69, 521.16 $297, 866.06 9 2 2 ,0 5 3 .5 7 91+8,209.99 271,709.61+ 1*55. 9 .23 8,721,167.11+ 8 ,3 0 1 ,1 1 9 .9 7 876,006.1+0 A ] A. N IV C ^. - 101- LIBRARIES 4'V OF GEOR^hs WGST - THE GEORGIA TECH STATION BALANCE SHEET June 30# 1950 ASSETS Cash Accrued Assets Aocounts Receivable (less reserve $2,200.00) Fund for Post-War Improvements of Station Equipment FUrniture, Fixtures, etc. Property at Jasper, Georgia Deferred Charges TOTAL LIABILITIES Accounts Payable Aoorued Accounts - Salaries Contractual Aoorued Audit Fees Reserve for* Depreciation of Plant, etc. Post-War Improvements of Station Earned Surplus TOTAL STATEMENT OF INCOME AND EXPENSES For Year Ended June 30# 1950 Sales: Network Local National TOTAL Deduct * Agency Commissions Adjustments and Allowances TOTAL Net Sales Expenses Engineering Studio Selling Administrative TOTAL Operating Profit Other Income and Charges (net) NET INCOME $ 50,096.81 5 ,7 7 5 .0 0 1*5,561.71* 5 0 .7 2 8 .7 1 15 5 ,5 8 8 .7 6 11,000.00 1,9214.18 $320,675.20 $ 7 , 280 .8 3 265.16 7,000.00 750.00 U6 ,U iU .3U 50, 7 2 8 .7 1 208,236.16 $32o, ?'$7 SS $ 23,582.68 2i i ,Ui 7 .7 2 7 8 , 235.67 * 313. 2 3 ^.0 7 $ 214,1142.11 1, 9 6 8 .5 9 $ 26,110.70 * 287, 125.37 $ 83, 250 .9 0 7U ,53l4.ll* 55. 82U.U7 50,720.82 I 26U.3 3 0 .3 3 $ 22. 7 9 5 . 0U * 3 .U5 5 .3 1 $ 26, 2 5 0 .3 5 Note: only. Information other staternents - 102- ed fo r inform ation not included in >A .I Tj t I >1 *1 i 11 Vp t V V 'll WM if 1 u iA if J* 1 1 - >- # fr , As -fa 1 * y AM * fl id + -a STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1950 Cash B alance R e c e ip ts D isbursem ents Cash B a l. J u ly 1, 19149 For Year For Year June 30, 30 T uition D eposits Cheoks fo r Cash F ed eral Loan Funds Student A c tiv itie s S tudent Bank T uition D eposit, Tech. I n s titu te Teacher R etirem ent W ithholding W ithholding Tax C o lle c tio n s R esearch G rant #RG 261+ G eorgia Tech F ly in g Club Ga. Tech Alumni F o u n d atio n , Oak Ridge Lock and Key D e p o sit Ga. Tech E vening S c h o o l, F low er Rand Dean S k ile s Fund S tudent C ounoil Rind Cap and Gown D e p o s its , S p rin g 1950 S ecu rity D eposits, Apartments E xt. D iv ., Short Courses A Conferences Student L ectures A Concerts Heisman Fund 1928 M em orial Window A rc h ite c tu ra l S o ciety Fund F rank Roman Rand Tech I n s t , S tudent A c tiv itie s R eg istratio n Fees, Bus. O fficers Conferences Band U niform s P o rto Rioo Fund S tu d en t Union B u ild in g Fund Held in T r u s t - Owen L i l l y , J r . Held in T ru s t - C arl W illia m s, J r . , Boy and G i r l o f Y r. S ch. Manget Found. School, E. J . W illis T e x tile Day Committee M ilita ry Uniform T ru st Account T u itio n D e p o sits F a ll I 9I+9 Tech I n s t i t u t e F low er Rand Tech I n s t i t u t e R ing D e p o s its , Comm. G eorgia Tech F a c u lty Club Extension D ivision T uition D eposit E . P . Maxim C la ss o f 191+9 L ib r a r y - B u ild in g Fund Abid E l- J a d ir S ch o la rsh ip Ben L . S is k I 9I+9 Band Rand Georgia Tech Student Counoil Parking Fines T u itio n D e p o sits - W in te r I 95O T u itio n D eposits - S pring 1950 Rich's A rc h ite c tu ra l P rise s N ational I n s titu te o f H ealth Grant #2072 N ational I n s titu te o f H ealth Grant #2086 S tudent Purohase Cards T u itio n D e p o sits - F a l l I950 Bass H igh S chool S ch . - Wa. E . Simpson # 2, 750.00 +59.67 325.29 26,688.81+ 282.50 7,1+53*81 356.17 1,175.08 30.00 373.55 89.21+ 2,1+97.75 1+67.05 83.72 3.60 60.00 29.73 .62 - 3, 310. 1+0 1+12.85 21+.00 11,973.12 12, 1+50.00 3.00 1, 025.00 li+.OO 250.00 75.00 2 ,0 7 2 .5 5 13,969.76 179,9l+l+.5l+ 5l+7,OOl+. 59 1, 060.02 61, 351.28 288,658.71+ 11.00 1 ,0 0 0 .0 0 2,713.1+5 865. 1+0 351.1+2 51+7.50 1, 250.00 1, 252.50 5 ,8 7 0 .7 5 558.00 ll+, 8l+i+. 57 2, 219.50 78I+.12 1 ,5 5 8 .6 0 150.00 31+1+.00 1, 132.00 53,922.01+ 11, 1+50.00 187.30 5,l+7l+.86 75.00 5.00 3, 000.00 8l+,9 7 1 .9 7 295.00 250.00 75.00 150.00 11,880.00 971.00 566.00 8 ,6 2 5 .0 0 100.00 2, 825.00 2 ,0 7 2 .5 5 ll + ,1429.1+3 17l+,222.83 537,382.1+1+ 952.52 61, 351.28 288, 658. 71+ 7,1+53.81 367.17 1 ,0 0 0 .0 0 2 ,5 5 0 .0 0 828.81 1+1+0.66 6 .2 0 1 ,3 5 3 .9 0 1, 260.95 1+,812.57 3.60 29.73 .62 12, 131. 21+ 2 ,2 1 9 .5 0 1+12.85 781+.12 21+.00 1,558.60 6,01+5.00 36, 310.99 390.00 1,338.53 30.00 l+io. ll+ 51+1.30 2, 393.85 1+58.60 1,11+1.90 618.00 -597.07 150.00 31+1+.00 1, 132.00 25,381.76 2 3 ,9 0 0 .0 0 100.39 +,631.11 3.00 1 ,1 0 0 .0 0 1+0,513.1+0 86.91 81+3.75 2 ,5 7 1 .3 5 250.00 73,713.1+7 250.00 75.00 I 5O.OO 3, 1+6!+. 56 218.62 100.00 100.00 19.00 1+28.65 11,258.50 295.00 8,1+15.1+1+ 971.00 31+7.38 8, 525.00 -103- Cash Balance Receipts Disbursements Cash Bail." ' July 1, 19U9 For Year____ For Year June 30 *50 Knight Templar Ed. Foundation Loan J. W. Ford, Jr. # Tuition Deposits - Summer 1950 Knight Templar Ed. Foundation Loan Robert D. Warren TF. A. Alexander Fund Ga. Tech Glee Club Fund Evening School Tuition Deposit - Summer 1950 Insurance Dividend Georgia Tech Faculty Club Held in Trust - Flavio E. Bendix 200.00 125.00 i+oo.oo 1+5*00 250.00 i+,00l+.25 12,951.22 31*1.72 25+.00 200.00 50.00 1+00.00 12,951.22 228.78 75*00 1+5.00 250.00 i+,00i+.25 112.9l+ 251+.00 TOTAL AGENCY FUNDS #65,966.19 1,530,158.65 1.270, 8.38 125,526.1+6 STATEMENT OF OPERATIONS OF UNEXPENDED PLANT FUNDS Year Ended June 30, 1950 City of Atlanta & Fulton County Research Additions Bond Sinking Fund Garage & Warehouse F*WA Projects Sale & Purchase of Real Estate FWA Project NP-25 Rehabilitation Projeots Supersonic Wind Tunnel Brown Dormitory Dining Hall Additions Fire Account Library Building Plans Presidents Home - Mion Industrial Engineering Laboratory Textile Building Callaway ^inking Fund YMCA Property Hinman Research Building Physics Department Rehabilitation Chemistry Department Equipment Conversion of A. French Building Bradley Building Hangar Type Aroh. Building Presidents Home Furnishings Navy Base Buildings Mathematics Department Fraternity Housing Plans Smith Dormitory Furniture Trust Fund Debt Service Modern Language Building Planning & Construction TOTALS Investm ents B alan ce D isburse- B alan ce J u ly 1, 191+9 R e c e ip ts m ents T r a n s f e r s June 3 0 , *50 # 1+1, 006.16 2,8l+l+.l+0 50, 000.00 382,,2611*61..19+90 52,761+. 17 228,00 153 ,0 3 6 .3 0 178,181+.27 155,11+2.50 176,078.07 1,157*1+6 5 ,1 2 3 .2 0 2,91+1.91 1+, 812*50 50, 661.77 5, 867.03 10,000.00 1,157.1+6 11, 766.29 3 ,5 9 2 .5 0 61,1+57.18 5, 123.20 -2 ,9 5 7 .3 5 - 958.81 1 ,2 2 0 .0 0 163. 1+0 51,953.56 3,81+3.69 1+8,109.87 -100.00 5, 81I+.56 8, 563.72 6, 778.07 500.00 100.00 1,680.39 10,939.00 3 ,0 3 8 .8 3 8 ,5 9 2 .1 9 8, 563.72 U.I+56. I 2 9,12l+.88 500.00 15, 000.00 7 1 ,8 1 7 .7 8 1 ,7 3 3 .0 5 2, 379.00 5, 291.35 19, 383.00 330, 858.67 22, 757.13 12,503.1+3 71*. 1 9 6.78 19,71+7.80 21+7,569.1+1 22,757.13 2, 1*96.57 - 36I+.8O 7,02l+.l+0 8 3 ,2 8 9 .2 6 8,1*87.55 8,1*87.55 l+899*36 1 0 ,0 9 0 .5 1 -5 ,1 9 1 .1 5 56, 688.08 1+,903.91 51,781+.17 5,087.29 5,087.29 11, 965. 1+6 6,1*1+9.53 5,515.93 U.85U.55 2 ,2 1 7 .8 8 5, 000.00 10, 16I+.06 I t, 851*. 55 2 ,2 1 7 .8 8 1+90.35 10, 16I+.06 1+, 5 0 9 .6 5 38, 398.98 3 8 ,3 9 8 .9 8 l+,2ll+.8l +,2ll+.81 11, 072. 11+ 11, 072. 11+ #1+23,61+1+.1+1+ 796, 275.19 772, 655. 11* -1 2 5 ,7 7 8 .3 8 125,778.38 175,55l+. 85 l+l+7261+.l+9 - 175. 55M 5 TOTAL #297, 866.06 922, 053.57 91+8,209.99 271, 709. 61* -104- 49 m . i 1 l l ifk * 1 1 1 M a i m V* if J , 9 4* STATEMENT OF UNEXPENDED PLANT FUNDS Year Ended June 30# 1950 BALANCE, BEGINNING OF YEAH ADDITIONS* G ifts and G rants S. P rice G ilbert Ga. Tech Research I n s itu te Bradley Foundation Ga Tech YMCA Kappa Alpha E ducational Foundation F lo re n c e Hand Hinman E s ta te TOTAL GIFTS & GRANTS E arnings on Investm ent Int on Temporary Investm ents Funds fo r P la n t Debt A dditions S e rv ic e 2 6 8 ,8 7 5 .0 9 15u .769.35 T o tal U23,61iU.^U 10,689,00 12,000.00 50, 000.00 19.383.00 250.00 137.108.67 2 29.U 30.67 10,689.00 12,000.00 50, 000.00 19.383.00 250.00 137,108.67 229,^30.67 281,25 596.62 877.87 Governmental A p p ropriations C ity of A tlanta F u lton County TOTAL GOVERNMENTAL APPROPRIATIONS T ran sfer from G eneral Funds Planning & C onstruction R ehabilitation Projects P hysics Dept R e h a b ilita tio n Chem istry Department Equipment Conversion of T ex tile B uilding M athematics Department Hightower - T e x tile B uilding Hangar Type A rc h ite c tu re B u ild in g P r e s i d e n t 's Home Bradley B uilding Navy Base B u ild in g s Hinman B u ild in g P lans fo r F ra te r n ity Housing TOTAL TRANSFERRED FROM GENERAL FUNDS 25, 000.00 25, 000.00 50, 000.00 ll,0 7 2 .lU 10, 000.00 22,757.13 8,1487.55 U ,899.36 2, 217.88 2 ,0 9 7 .7 5 5.087.29 l l . 965.U6 U ,500.00 1+ .85U.55 181,750.00 5, 000.00 27U .689.11 25, 000.00 25, 000.00 50, 000.00 11,072.1U 10, 000.00 22,757.13 8.1*87.55 U ,899.36 2, 217.88 2, 097.75 5,087.29 1 1 ,9 6 5 .U6 U ,500.00 U ,85U .55 181,750.00 5, 000.00 2 7 U ,6 8 9 .1 1 T ra n s fe r from A u x ilia r y FUnds Bond S in k in g Fund Callaway No. 1 Sinking Fund Smith Dorm itory F u rn itu re Howell Dorm itory H arrison Dormitory Brown D orm itory Cloudman D orm itory Bradley B uilding Dining H all A ddition R esidential Property TOTAL TRANSFER FROM AUXILIARY Loan from Endowment Funds Brown D orm itory Sale of P roperty Lot, Fowler & S ixth S tre e t TOTAL ADDITIONS 10, l 6U.06 2 ,1 8 8 .0 8 1,680.39 2 ,3 6 7 .0 3 16,399.56 177. 5s7.65 5 .2 9 1 .3 5 6 ,1 3 U .0 3 8,0U9*02 1,591.20 3. 531.1*7 19.093.26 221,277.98 177. 587.65 5,291.35 10, l 6U.06 6 ,1 3 U .0 3 8,CU9*02 1,591.20 3.5 3 1 .U 7 2 ,1 8 8 .0 8 1,680.39 21,U60.29 237.677.51* 100.00 100.00 3. 500.00 57U.U00.59 2 2 1 ,8 7 U .6 0 3, 500.00 796, 275.19 DEDUCTIONS* Expended fo r P la n t A dditions Land L ot, 297 8th S tr e e t L ot, Poirier A Third S tre e ts YMCA Farm TOTAL LAND B uildings A dditions to B uildings 3 H ouses, YMCA Farm Modern Language B u ild in g Classroom B uilding - P lans A eronautics B uilding Dining H all A ddition A* F rench B u ild in g L ibrary B uilding Plans Bradley B uilding Hinman R esearch B u ild in g Hightower T e x tile B uilding Physics B uilding Old Shop B u ild in g Hangar Type A rc h ite c tu re B uilding TOTAL BUILDINGS funds fo r P lan t Debt A dditions S e rv ic e -------------- 1 T o tal * 3. 731.99 7#500.00 1 5 .2 U 7 .8 0 * 26,1*79.79 ! U .500.00 U .21U.81 3. 592.50 5, 000.00 3 ,0 3 8 .8 3 12,268.03 8 ,5 9 2 .1 9 u , 903.91 255,217.97 7U, 196.78 17,070.22 2, 217.88 5,087.29 $399,900.1+1 3,731-99 7 ,5 0 0 .0 0 1 5 .2 U 7 .8 0 26, 1*79.79 U, 500.00 U.21U.81 5 ,5 9 2 .5 0 5, 000.00 3,038.83 12, 268.03 8, 592*19 U ,903.91 255, 217.97 7U, 196.78 17, 070.22 2, 217.88 5,087.29 399,900.1+1 Improvements O ther th an B uildings L ig h tin g System S tre e ts , Sidew alks, Fences, etc* W ater and Gas Mains 25. 1*95.71 11,522.17 536.OO TOTAL ADDITIONS OTHER THAN BUILDINGS $ 377553.88 25, 1*95.71 11,522.17 536.OO 37, 553.88 E quipm ent P hysics Department Smith Dorm itory C hem istry Department S u p erso n ic Wind Tunnel P r e s i d e n t 's Heme Research B uilding Auditorium Chairs T ables and Bookcases In d u s tria l Eng. L aboratory O ther TOTAL EQUIPMENT TOTAL EXPENDED FOR PLANT ADDITIONS Indebtedness R etired Bonds R e tire d T ru st Funds H arrison Dormitory Howell D orm itory R ental Property $ 5, 686.91 10, 16U.06 8 ,U 8 7 .5 5 3 .S U 3 .6 9 6.UU9.53 2,6l6.U 0 5 .3 U 9 .0 0 10,000.00 12, 50? .1*3 l,l5 0 .iU $ 66, 250.71 $ 5 3 0 ,1 8 U .7 9 5, 686.91 10, l 6U.06 8,1*87.55 3,81*3.69 6.UU9.53 2,6l6.U 0 5 .3 U 9 .0 0 10,000.00 1 2 ,5 0 3 .U 3 i , 150.iU 66, 250.71 530,181* .79 90, 000.00 5, 031. 1*9 3, 775.60 1U .857.10 9 0 ,0 0 0 .0 0 5 .0 3 1 .U 9 3 ,7 7 5 .6 o iU,857. io TOTAL INDEBTEDNESS RETIRED 113.66U .19 113. 66U.19 -106 ml 1 ft .4X l /W DEDUCTIONS* (Cont*d) Other Deductions Interest on Indebtedness Bonds Trust Funds Harrison Dormitory Howell Dormitory Brown Dormitory Cloudman Dormitory Rental Property TOTAL INTEREST Other Expenditures Not Capitalized Miscellaneous Plans Landscaping Property Surveys, etc. Various Repairs, etc. Repairs to Navy Buildings Plans for Fraternity Housing TOTAL OTHER Transfer to General Funds TOTAL OTHER DEDUCTIONS TOTAL DEDUCTIONS BALANCE, END OF YEAR FUnds for Plant Debt Additions Service Total 65,11+2.50 6 5 , 11+2 .5 0 3 . 017.53 2 , 358.1+3 1,591.20 3 , 531.1+7 +,236.16 7 9 , 877.29 3, 017.53 2 , 3 5 8 .1+3 1,591.20 3 , 531.1+7 1+, 236.16 79, 877.29 1,21+6.06 7 , 21+8 .5 0 531+.30 33, 397.65 i+,85 l+ .5 5 1+9 0 .3 5 t U7 .7 7 1 .U1 1, 157.1+6 1+8, 928 .8 7 579. 1 1 5 .6 6 261+, 1 6 2.02 7 9 , 877.29 193, 51+1 .1+8 183, 102.1+7 1,21+6.06 7 , 21+8 .5 0 531+.30 33. 397.65 1+.851+.55 I+90.35 1+7 , 7 7 1 .1+1 1, 157.1+6 128, 806.16 772.655.iit 1+1+7 , 261+.1+9 VALUE OF PLANT, JULY 1, 191+9 SUMMARY OF INVESTMENT IN PLANT As of June 30 1950 li+,766,329.51 ADDITIONS DURING YEAR Expended from Plant Funds Expended from Educational and General Funds and included in Current Expenditures Expended from Auxiliary Funds and included in Current Expenditures Adjustments for Prior Years TOTAL ADDITIONS VALUE OF PLANT, JULY 1, 191+9 PLUS ADDITIONS DEDUCTIONS DURING YEAR Land Sold Adjustments Prior Years VALUE OF PLANT, JUNE 30, 1950 DEDUCT: PLANT INDEBTEDNESS Bonds Outstanding Due Endowment Funds INVESTMENT IN PLANT, June 30, 1950 -107- $ 530,18i+.79 278, 560.1+2 8 ,5 7 9 .3 1 657,871.01 1,1+75,195.53 y |l6,2i|l,525.Q l+ 3500,00 __ 67,869.1+7 71,3690+7 16,170,155.57 2,785.000.00 301,1+06.97 3 , 086,1+0 6 .9 7 13,0 8 3 ,71+8 .6 0 A. LAND Campus Off-Campus - W illeo Farm TOTAL LAND STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1950 M1 Investm ent Investm ent B eginning End Of Year A d d itio n s D eductions Of Year $ 1, 2214,1+85.01 1 1 ,2 3 1 .9 9 3, 500.00 1, 232, 217.00 3 ,7 0 0 .0 0 15, 21*7.80 18, 91*7.80 $ 1, 228, 185.01 26,1+79.79 3, 500.00 1, 251, 16I+. 80 B. BUILDINGS A dm inistration Knowles Guggenheim A ero n au tics A e ro n a u tic s Shop A eronautics O ffice $ 70, 000.00 50, 000.00 93*000.00 2, 000.00 1, 000.00 688 Cherry S tre e t - Arch. 70I4 C herry S t r e e t - A rch. 1,800.00 1 ,8 0 0 .0 0 708 Cherry S tre e t - Arch. 1,800.00 712 Cherry S tre e t - Arch. 1 ,8 0 0 .0 0 6 6 l Plum S tr e e t - A rch. 1,800.00 Hangar Type Arch. B u ild in g 639-I4.3 H em phill Ave. - A rch. Ceramic E ngineering C iv il Engineering 3, 600.00 1+9, 000.00 155, 000.00 E le c trio a l Engineering E le c tro n ic s Research (Temp.) E n g in ee rin g , Drawing, and M echanics f+5, 000.00 2, 000.00 173, 000.00 287 Ponce de Leon - In d . E n g in eerin g 1 ,8 0 0 .0 0 278 Ponce de Leon - E ngr. Dean M echanical Engineering M echanical E ngineering (Temp.) 1,800.00 210, 000.00 1, 500.00 273 Ponce de Leon - M echanioal Engineeiring 1 ,800.00 680 Cherry S tre e t - S afety Engineering 1,800.00 Hightower T e x tile B uilding 1, 021, 31+3.80 Old Shop B u ild in g 58,000.00 Old Shop Annex 272 T hird S tr e e t - E l e c tr ic a l Shop Lyman H a ll - C hem istry Chem. E n g in e e rin g - Temp. C hem istry Annex 2 ,0 0 0 .0 0 1, 500.00 155, 000.00 h , 200.00 50, 000.00 C hem istry Annex - Temp. Physios B uilding l+,200.00 163, 000.00 Ponce de Leon - Psychology 1 ,8 0 0 .0 0 M ilitary R ifle Range 718 C herry S t r e e t - M i l it a r y 73+ C h erry S tr e e t - A ir Force Headquarite r s 10,000.00 3, 000.00 1,800.00 2, 500.00 L ibrary B uilding Plans Classroom B uilding Plans 716 C h erry S t r e e t - Hq. ROTC. 1+, 500.00 N aval Armory 102,000.00 A. French B uilding Modern Language E ngineering Experiment S ta tio n C alculator B uilding 53,000.00 12, 500.00 9l+, 000.00 92, 396.32 719 C herry S tr e e t - R esearch Annex No. 2 1,800.00 5, 000.00 5,087.29 7i+, 196.78 2, 217.88 17, 070.22 8, 592.19 3, 592.50 12, 268.03 l+,2ll+.81 (3 7 ,1 0 3 .6 8 ) 70, 000.00 50, 000.00 98, 000.00 2, 000.00 1, 000.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 5,087.29 3, 600.00 1+9, 000.00 155, 000.00 1+5, 000.00 2, 000.00 173, 000.00 1,800.00 1,800.00 210, 000.00 1, 500.00 1,800.00 1,800.00 1 ,0 9 5 ,5U0.58 60, 217.88 2,000.00 bm 1, 500.00 155, 000.00 I+, 20 0 .0 0 50, 000.00 1+, 2 0 0 .0 0 180,070.22 1,800.00 10,000.00 3, 000.00 1 ,8 0 0 .0 0 ft? 2, 500.00 8,592.19 3, 592.50 k 1+, 500.00 102,000.00 70,268.03 l6 ,7 ll+ .8 1 9l+,ooo.oo 130, 000.00 1 ,8 0 0 .0 0 -108- yJ k Investm ent Investm ent Beginning End Of Year A dditions D eductions Of Year BUILDINGS (C o n t'd ) 713 Cherry S tr e e t, Photo L aboratory $ 709 C h erry S t r e e t , R esea rch Annex No* 1+ W hite Frame House - R esearch No. 1 Aluminum B u ild in g - R esearch C rystal A so illato r Laboratory R esearch Annex No. 3 1,800.00 1,800.00 3, 000.00 900.00 500.00 2, 500.00 1,800.00 1 ,8 0 0 .0 0 3, 000.00 900.00 500.00 2, 500.00 Hinman R esearo h B u ild in g 665 Plum S t r e e t - H o te l Adm. Swann 1,800.00 50, 000.00 283 Ponce de Leon - E x t. D iv isio n A u d ito riu m Gym. Power P la n t Pump S ta t io n P o st O ffic e & S to c k Room 1,800.00 266, 000.00 21+1, 000.00 1, 000.00 5, 000.00 Garage and Warehouse 11,1+17.67 Greenhouse - B o ile r House Greenhouse 800.00 1, 000.00 268 Ponce de Leon - V eteran s Guidance 1,800.00 277 Ponce de Leon - V eteran s Guidance 1,800.00 69I4. C herry S t r e e t - P la n n in g STATEMENT OF CURRENT EXPENDITURES Year Ended June 30 1950 EDUCATIONAL A GENERAL ADMINISTRATIVE AND GENERAL Presidents Office Department of Admissions Business Office General Registrar*s Office TOTAL ADM. A GENERAL fluid Classification Toral esmorec * 8 ,1+8 7 .1+8 3 ,81+1+.26 10,063.06 8, 01+7 .1+5 5, 61+8 .2 7 1 3 6,090.^2 Object Classification Operating Salaries A Wages Supplies A Expense ]Equipment * 7 650.00 * 873.9I+ 1 3,63!+. 87 2 1 2 .5 9 9,115.00 I+7O.O6 1, 527.62 6 , 295.71 5, 035.79 513.75 * 26,963.28 $ 8, 366.05 $ -36,1+6 -3.20 1+7 8 .0 0 221+.12 9 8 .7 3 7 6 1 .1 9 PLANT OPERATIONS 1+9 835.16 $ 29,619.87 117, 115.1+8 $ 3 , 099.81 LIBRARY * 10, 3 8 9 .1+6 * 5,1+2 6 .3 3 * 1, 3 2 7 .0 5 $ 3 , 6 3 6 .0 8 INSTRUCTION Gross Anatomy Miscrosoepic Anatomy Biochemistry Physiology A Pharmacology Pathology Medical Miorobiology A Public Health Medicine Pediatrics Surgery Obstetrics A Gynecology Endocrinology Medical Illustration Lectures TOTAL INSTRUCTION * 15.6U7.93 ll+, 51+8.5!+ 2 8 ,9 7 7 .6 3 59. 585.U7 22, 6e7.93 2 5 ,2 6 0 .2 6 Ul.U57.73 8,229.69 58, 337.66 13,2 7 2 .U9 9 . 0U7 .0 7 1 2 , 9 2 6 .9 9 1 0 0 .0 0 *290,019.39 * ll+,29+.69 1 567.77 * 985.1+7 ll+, 190.00 558.5U 21, 283.33 5, 878.70 1, 815.60 3+,1+76.11+ +,i+80.80 6 2 8 .5 3 2 0 ,14+0 .0 0 1, 8 2 0 .1+7 367.I+6 23,336.66 1, 8 0 6.11 117 .i+9 3 7 , 360.81 1, 178.1+8 2 , 9 1 8 4 +1+ 7 , 800.00 351+.61 75.0 8 50, 825.00 6,863.71 6I+8.95 9 , 850.00 7,620.00 11,605.90 3, 002.71 6 7 3 .7 9 - 6 2 .6 7 1+1 9 .7 8 7 5 3 .2 8 1.583.76 1 0 0 .0 0 *253, 182.53 $26,723.02 *10,113.81+ ACTIVITIES RELATED TO INSTRUCTION Medical State Aid University Hospital Maternity Shelter Special Cancer Clinic *11+1 ,9 0 9 .0 7 *11+1,792.25 $ 116.82 1+1, 7 8 9 .3 3 * 2 , 500.00 2 , 807. 11+ 33,1+56.00 1,975.03 10, 689303..3836 $ 6, 359.67 3,865.87 1, 61+9 .8 0 Electroenoephalographic Clinic _____________ 1,796.60 1,1+05.00 391.60 TOTAL ACTIVITIES REL.TO *186, 505. 51+ * 10, 656.27 * 182,i+9l+.15 *13, 6 8 2 .1+1 * INSTRUCTION 1I+I.25 ai+l+.oo 9 85.25 RESEARCH Regular Special TOTAL RESEARCH * 670.2I+ * 531.25 * 138.99 * 9 0 , 312.53 6 3 ,71+2 .5 7 17, 5 8 2 .5 0 * 8 ,9 8 7 .1+6 * 670. 21+* 90,312.53 * 6l+,2 7 3 .8 2 *17, 7 2 1 .1+9 * 8 ,9 8 7 .1+6 EXTENSION * 796.I+9 * 379 .5 5 * 1+16.91+ TOTAL EDUCATIONAL A GENERAL EXPENDITURES *57l+,306.80 *100,968.80 *562,339.53 *85,352.14+ *27,583.63 NON-EXPENSE Due from Auxiliary Enterprises * 1+,000.00 1578, 306.80 $100, 968.80 - 117- AUXILIARY ENTERPRISES B o o k sto re M icroscope S ales A R entals Pelvim eter Sales Research Sales TOTAL AUXILIARY EXPEND. Fund C la s s if ic a tio n T otal R estricted 29. 322.31 l6,li+ 6.6l +,202.1]+ 91*6.53 * 50, 617.59 S alaries A Wages O perating S u p p lie s A Expense Equipment # 69.78 29, 252.53 1.765.7U l6 ,li+ 6 .6 l 81+8.00 1,326.31+ # 1,110.06 98.53 # 2 ,6 8 3 .5 2 #i+6,82i+.01 # 1,110.06 NON-EXPENSE T ra n s fe r to o th e r Funds # 3,106.12 TOTAL AUXILIARY DISB. TOTAL CURRENT EXPENDITURES 53. 723.7i #62l+,92l+.39 $100,968.80 #363,023.03 $132,176.1+5 128,693.69 STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year Ended June 30, 1950 Balance R eceipts Disbursem ents Balance J u ly 1, I 9I+9 For Year For Year June 30 195 Cox FUnd (U rology) L ife Insurance M edioal R esearch Fund Maoy G ran t Markle Foundation (M icrobiology) Markle Foundation (M edicine) Merok Fund S w ift Fund (P e lla g ra ) Pathology o f Cancer Endocrinology Grants Pharmacology G rants S p ecial R esearch (Pharmacology) U .S.P .H .S. - Medicine U .S.P.H .S. - Endocrinology U .S .P .H .S . - Medicine U .S.P.H .S. - P sy ch iatry U .S .P .H .S . - Oncology U .S .P .H .S . - Pharmacology U .S.P.H .S. - Surgery U .S.P.H .S. - Surgery U .S.P.H .S. - Biochem istry U .S.P.H .S. - Physiology U .S.A .E.C. - B iochem istry W. G. Tyson Fund W. J . Young Fund U ndistributed In te re st Cancer C lin ic American Academy o f A rts A S cien ces W. S . M e r r e ll Company - D iocyl M edical A rt Researoh G rants Soopioon G rants American M edioal A sso c ia tio n C ity o f Augusta Grants Special Canoer C linic E leotroencephalographio TOTAL # 1, 000.00 # 1, 000.00 1, 233. 81+ # 8, 1+00.00 # 8, 761+.00 869. 81+ 3W+.10 1 ,9 6 3 .3 8 158.16 +85.76 31+1+.10 1, 1+77.62 158.16 65,51+ 268. 81+ 1. 652.53 13,3 5 ^ .6 8 10, 900.00 65.51+ 268. 81+ 86.90 1. 565.63 u ,5 5 i* .8 0 12, 699.88 282.19 282.19 -.5 7 -.5 7 18.1+7 - 922.65 11+0.69 7,+67.25 1, 139.88 2.16+.67 7 ,5 0 0 .0 0 9.O79.O9 5, 000.00 12, 500.00 6 ,2 6 0 .0 0 13,1*22.77 11,111.75 +,661+.11 23,811.55 905.20 276.28 3. 971.61 18.1*7 -6.8l*5*2 - 1, 891.97 335.89 --3, 81+1+.30 231+.68 1, 888.39 2 ,2 8 8 .3 9 18.50 9,395.01+ 6 ,2 1 0 .0 0 3 ,5 0 0 .0 0 2 ,8 0 0 .0 0 9,61+9.1+7 2 ,8 9 7 .8 5 1,961.21+ 222.55 171+.17 3 ,3 1 2 .1 5 1. 538.76 2,577.1+5 18.50 18,870.31+ 3 9 9 .3 7 . 29i+.05 1 ,8 0 0 .0 0 1,929.53 295.12 600.00 178.67 1,085.00 - 6.97 2, 063.00 500.00 2 .0 0 2 ,5 0 0 .0 0 5 ,2 8 2 .1 5 1 ,7 7 3 .0 0 1,91+7.33 1, 720.25 1,938.19 111+.60 2, 500.00 6, 359.67 1,796.60 399.37 1+09.72 79.75 1+91.31+ 295.12 602.00 61+.07 7.1+8 - 30.57 #1|6,319.31 #93.918.71 #100,968.80 #39.269.22 -118- ff Jt V I km M 4Uf -fr] STATEMENT OF TRUST FUND BALANCES fb r T ear Ended June 30 1950 BALANCE OF PRINCIPAL, BEGINNING OF YEAR ADDITIONSt G ifts and G rants Inoome on In v estm en ts Inoome on S tu d en t Loans TOTAL ADDITIONS BALANCE OF PRINCIPAL, END OF YEAR Endowment Funds Loan F\inds 5 .6 9 1 .8 7 31, 670.21 6.93 6o6 .7 5 33U.142 158.83 I 1-- OOM OO ? 6.93 5,698.80 32,770.21 STATEMENT OF TRUST FUND BALANCES BY FUND For Year Ended June 30 1950 ENDOWMENT FUNDS M oore-Carte r Fund TOTAL ENDOWMENT FUNDS FUnd B alance Fund Balanc B eg in n in g End of Of Year A dditions D eductions Year 5, 691.87 6 .9 3 * 5. 691.87 * 6.93 5,698.80 5,698.80 LOAN FUNDS Murphey Fund S tu d en t Loan Fund K ellogg Fund TOTAL LOAN FUNDS 7,209.53 8, 651.67 15,809.01 31, 670.21 11*7.31 703.33 21*9.36 1,100.00 7,356.81* 9 ,3 5 5 .0 0 16,058.37 3 2 ,7 7 0 .2 1 TOTAL TRUST FUNDS 3 7 ,3 6 2 .0 8 1, 106.93 38,1*69.01 STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30 1950 CURRENT FUNDS G eneral R estricted A uxiliary TOTAL CURRENT FUNDS B alance R eoeipts Disbursem ents Balance J u l y 1, I 9U9 F or Y ear F or Year June 3 0 , 195 li*,722.51* 1+6,319.31 18, lll*.07 79. 155.92 5 7 3 ,6 0 6 .3 0 9 3 ,9 1 8 .7 1 53. 32u .11 720,81*9.12 578,306.80 100,968.80 53,723.71 732. 999.31 10,022.01* 39. 269.22 17 .7 lU .U 7 67. 005.73 AGENCY FUNDS 8,63l*.83 22,772.18 10,188.93 21,218.08 TRUST FUNDS Endowment S tudent Loan TOTAL TRUST FUNDS 691.87 * 6.93 3,502.61* 5. 017.39 698.80 7,500.00 1,020.03 f l*,19l+.51 5.02U .32 7 ,5 0 0 .0 0 1 .7 1 8 .8 3 TOTAL 9 1 ,9 8 5 .2 6 71*8,61*5.62 750,688.21* 89,91+2.61* rI -1 1 9 - STATEMENT OF AGENCY FUNDS Year Ended June 30 1950 Basal Metabolism State Entranee Examiner Student Breakage Deposit Student Deposit on Fees Student Health & Activities Advance from Veterans Administration TOTAL AGENCY FUNDS Fund Balance Disburse- ^nd Balance July 1, 19U9 Receipts ments 1 i. J> 1 {j -142- a ft # &A p I GEORGIA TEACHERS COLLEGE FINANCIAL REPORT FOR THE YEAR ENDING JUNE 30, I 95O u Georgia Teachers College Statesboro, Georgia -143- BALANCE SHEET June 30 1950 ASSETS CURRENT FUNDS A. GENERAL Cash in Bank Accounts R eceivable TOTAL GENERAL FUNDS # 63,i+17.72 i+,88l+.20 # 68,301.92 B. AUXILIARY Cash in Bank Aocounts R eceivable Stores (In v en to ries) U. S. Bonds TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS # 1+7,768.69 3,300.80 16,1+18.1+1 100, 090. 01+ # 167,577.91+ 235,879.86 I I . AGENCY FUNDS Cash in Banks TOTAL AGENCY FUNDS $ 8,59Q.56 $ 8, 590.56 I I I . PUNT FUNDS A. UNEXPENDED Cash in Bank # 15, 000.00 B. EXPENDED Lands B u ild in g s Improvements o th e r than B uildings Equipment TOTAL EXPENDED # 1+8, 899.00 668, 392.00 22,803.76 303, 686.36 #1, 01+3 , 781.12 TOTAL PLANT FUNDS #1, 058, 781.12 TOTAL ASSETS #l,503,g51.5l+ -144- BALANCE SHEET June 30, 1950 I . CURRENT FUNDS A. GENERAL A ccounts Payable U nearned Income Purchase O rders O utstanding S u rp lu s TOTAL GENERAL FUNDS B. AUXILIARY Purchase O rders O utstanding U nearned Income Reserve fo r S tores S u rp lu s TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS I I . AGENCY FUNDS Fund B alances TOTAL AGENCY FUNDS. I I I . PLANT FUNDS A . UNEXPENDED Fund B alance B. EXPENDED Invested in P lant TOTAL PLANT FUNDS TOTAL LIABILITIES AND SURPLUS LIABILITIES $ 22.1+5 2 2 ,8 9 5 .7 5 1,552.77 1*3,830.95 $ 68,301.92 $ 190.00 1 8 ,2 0 0 .0 0 16, 1+18.1+1 132,769.53 167,577,91* $ 235,879.86 $ 8,590.56 $ 8,590.56 $ 15,000.00 $1, 01+3, 781.12 $1,058,781.12 $1,303,251.51* -145- STATEMENT OF CURRENT INCOME For Y ear Ended Ju n e 3 0 , 1950 A . EDUCATIONAL AND GENERAL STUDENT FEES N on-R esident T u itio n M atriculation H ealth S ervice Summer S e s s i o n O ther TOTAL STUDENT TEES PUBLIC APPROPRIATIONS S ta te o f G eorgia B ullooh County TOTAL PUBLIC APPROPRIATIONS OTHER SOURCES P ro p erty R entals M iscellaneous TOTAL OTHER SOURCES TOTAL EDUCATIONAL AND GENERAL INCOME JXILIARY ENTERPRISES BOOKSTORE DORMITORIES E ast H all Lewis H a ll Sanford H all W est H a ll TOTAL DORMITORIES DINING HALL COTTAGES FARM TOTAL AUXILIARY ENTERPRISE INCOME TOTAL CURRENT INCOME G eneral Incom e $ 68, 920. 8i+ 111,680.68 5,518*79 U6, 1 0 3 .0 ^ 3 ,9 9 5 .3 3 $236, 216.68 $151,590.00 16, 55^.00 $ 1 6 8 , IZ4JL4.00 $ 2, 139.50 2 ,1 8 7 .7 5 i k , 327.25 $1408,687.93 $ 145,101.91+ $ 9,225.50 6 ,1 5 9 .3 0 2 1 ,U 0 5 .2 5 8,1462.00 $145,252.05 $180,585.31 $ 3,6147.00 8,361.145 $282,9147.73 $691. 635.68 f A :I 4* if; iI V -146- STATEMENT OF CURRENT EXPENDITURES Year Ended June 30, 1950 A . EDUCATIONAL AND GENERAL ADMINISTRATIVE & GENERAL Dean B usiness O ffice G eneral P resident P u b licity R egistrar TOTAL ADM. A GENERAL T otal O bject C la s s ific a tio n O perating S alaries S u p p lie s A Wages A Expense Equipment $ 6,817.36 $ 6,511.56 $ 213.60 $ 92.20 11,780.09 8.52U-92 2U0.57 3,031*.60 17,1*63.144 10,370.98 U8U.75 10,096,65 16,259.19 175.61 719.50 98.72 3U91.8 3.2U5.36 2U6.50 14,7143.80 U.69U.12 1*9*68 5U.667.53 33.557.36 $ 17,185.15 $ 3.925.02 STUDENT 'WELFARE H ealth S ervice Placem ent Bureau TOTAL STUDENT WELFARE PLANT OPERATION LIBRARY $ 3,523.35 $ 3,135.96 $ 1,119.92 1,100.00 $ U,6/43.27 i ~ U,235.9 387.39 19.92 U07.31 $ 52,979.62 $ 26,863.55 $ 23,129.27 $ 2,986.80 $ 21,006.60 $ iU,936.79 $ l,36U.73 $ U,705.08 INSTRUCTION A rt B iology C hem istry Commerce E ducation E nglish Home E conom ics In d u s tria l A rts Lab* High S chool E lem entary School M athem atics Modem Languages M usic P hysioal E ducation P h y sio s S o cial Science Speech Summer S ch o o l TOTAL INSTRUCTION $ U,031.21 $ 3,580.00 $ 7,112.65 6,850.00 280.17 $ 171.oU 8U.65 178.00 14,998.88 U,200.00 798.88 12.8U5.51 10,100.00 700.96 2,0UU.55 19.93U.U0 19.705.U8 11,285.146 11,269.80 6.99 15.66 221.93 8,708.78 6,780.00 1,021.85 906.93 13.3Ul.13 10,878.88 1,759.29 702.96 25,626.1*9 13,981*.06 23,205.75 13,566.09 1,120.16 1,300.58 UU.97 373.00 U.3U6.09 U, 330.67 15.U2 2,700.91 2,650.05 50.86 19iU+3.10 17.U77.Uo 3,180.1*2 lU.3i9.OO 12,792.58 2,925.00 i ,506.3U 3.617.76 2,339.07 2.3U5.75 255 .U2 17.6U3.78 17,058.63 2,650.05 2,650.05 255.15 330.00 3U.296.l4O 33,663.68 632.72 $223,606.72 $200,525.66 $ 10,837.70 $12,2U3.36 EXTENSION 5.757.5U $ 5,700.00 $ 57.5U TOTAL EDUC. A GENERAL EXPEND. $362,661.28 285,819.32 52,981.70 23,860.26 NON-EXPENSE* T ran sfer to P la n t Funds TOTAL EDUC. A GENERAL DISB. $ 2,803.76 $365,U65.0U B . AUXILIARY ENTERPRISES BOOKSTORE $ Ui.U33.U8 $ 3 ,Uh .o6 37.872.U2 $ 150.00 AUXILIARY EXPENDITURES (C o n tin u e d ) DORMITORIES E ast H all Lewis H a ll Sanford H all West H all C ottages TOTAL DORMITORIES DINING HALL FARM TOTAL AUXILIARY EXPENDITURES NON-EXPENSE? Transfer to P lant U. S . Bonds TOTAL AUXILIARY DISBURSEMENTS TOTAL CURRENT EXPENDITURES T o tal O bject C la ssific a tio n O perating S alaries S u p p lie s & Wages & Expense Equipment $ 9.396.10 6 ,2 3 ^ .7 6 20,691+. 85 11, 81+0.13 5,72i+.09 $ 53,889.93 $ l+,577.32 1+, 825.63 8.701+.31+ 6, 697.22 2, 086.30 $ 26, 890.81 $ 2,212.89 1,1+09.13 5,1+38.65 i+,218.1+7 2,950.51 $ 16, 229.65 $ 2,605.89 6, 551.86 92l+.l|1+ 687.28 $ 10,769.1+7 $ 1 6 2 ,5 7 3 .0 7 $ 29,167.1+9 $132,1+31.61+ 9 7 3 .9U $ 12, 073*82 5. 983.52 $ 1+, 172.25 $ 1 ,9 1 8 .0 5 $269,9 7 0 .3 0 $ 65, 1+52.88 $ 1 9 0 ,7 0 5 .9 6 $ 13, 811.1+6 $ 18,01+2.00 100, 090. 01+ $388, 102. 31+ $632, 631.58 $ 3 5 1 ,2 7 2 .2 0 $21+3, 687.66 $ 3 7 ,6 7 1 .7 2 STATEMENT OF CHANGES IN CASH BALANCES Year Ended June 30, 1950 CURRENT FUNDS G eneral A uxiliary TOTAL CURRENT FUNDS PLANT FUNDS AGENCY FUNDS TOTAL B alance R eceipts D isbursem ents B alance J u ly 1 , 19i+9 For Year For Year June 30, 195 $ 20, 19l+.83 tU 0 8 ,6 8 7 .9 3 $365,1+65.01+ $ 63,1+17.72 1 5 2 ,9 2 3 .2 8 282.9U 7.75 388, 102. 31+ 1+7, 768.69 $173,118.11 $691,635.68 $753,567.38 $111,186.1+1 $ 20,81+5.76 $ 5,81+5*76 $ 15, 000.00 $ 7, 172.28 78, 707.65 $ 7 7 ,2 8 9 .3 7 $ 8 ,5 9 0 .5 6 $ 1 8 0 ,2 9 0 .3 9 $ 7 9 1 ,1 8 9 .0 9 $836, 702.51 $13l+,776.97 BANK BALANCES B ulloch County Bank Sea Isla n d Bank TOTAL $ 1+1+, 125.16 90,651.81 ft3 776.97 STATEMENT OF AGENCY FUNDS Year Ended June 30, 1950 Student A c tiv itie s S tu d en t Bank R etirem ent W ithholding Tax Group In su ran ce TOTAL AGENCY FUNDS Fund B alance R eceipts r 12.52 $ 17, 686.98 i+,371*31 28, 299.59 91+5*81+ 8, 952.39 1, 681.27 22, 123.50 161. 3+ 1,61+5.19 D is b u r s e - Fluid Balance $ 17,528.93 $ 170.57 27,683.53 8,717.1+5 21, 75l+.57 !+,987*37 1, 180.78 2, 050.20 l,6ol+.89 201.61+ $ 7,172.28 $ 78,707.65 $ 77,289.37 $ 8,590.56 -148- STATEMENT OF UNEXPENDED PLANT FUNDS Year Ended June 30, 1950 BALANCE, BEGINNING OF YEAR Funds fo r P lant A dditions f ------- = ADDITIONS* T ran sfer from G eneral Funds T ran sfer from A u x ilia ry Funds TOTAL ADDITIONS DEDUCTIONS* Expended fo r P la n t A dditions Boys * D orm itory Stadium TOTAL EXPENDED FOR PLANT ADDITIONS BALANCE, END OF YEAR VALUE OF PLANT, JULY 1 , I 9U9 SUMMARY OF INVESTMENT IN PLANT As o f June 30, 1950 ADDITIONS DURING YEAR Expended from P la n t Funds Expended from E d u catio n al and G eneral Funds Expended from A u x ilia ry Funds in C urrent E xpenditures A djustm ent fo r P rio r Years TOTAL ADDITIONS VALUE OF PLANT, PLUS ADDITIONS DEDUCTIONS DURING YEAR P ro p e rty Worn Out o r D isposed o f TOTAL DEDQCTIONS INVESTMENT IN PLANT, JUNE 3 0 , 1950 2 ,8 0 3 .7 6 1 8 ,0142.00 f 20, 81+5.76 $ 3, 01+2.00 2, 803.76 $ 5, 814.5 . 7s $ 15,000.00 $ 9U7.72U.87 5. 8U5.76 23,860.26 13, 811.1+6 52,838.77 $ 96, 356.25 $ 1 ,0 U U ,0 8 1 .1 2 $ 300.00 $ 300.00 $1,01+3,781.12 STATEMENT OF INVESTMENT IN PLANT Year Ended June 30, 1950 A . LAND Campus O ff Campus TOTAL LAND B. BUILDINGS Boys * D orm itory A dm inistration L a b o rato ry High School E lem entary School New S c ie n c e H a l l Year A cquired 1907 1907 Investm ent B eg in n in g Of Year A dditions D eductions Investm ent End Of Year $ 22,221.00 $ 7 ,5 53.00 1 9 ,1 2 5 .0 0 | 1+1 , 31+6.00 1 7 ,5 5 3 * 0 0 $ 29.77U .00 1 9 ,1 2 5 .0 0 ~ T U8,899,00 P la n s 1907 1937 1932 19U7 $ 1 0 0 ,0 0 0 .0 0 70,000.00 15, 000.00 1 5 , 000.00 $ 3,01+2.00 $ 3,01+2.00 100,000.00 70. 000. 00 15 . 000. 00 1 5 , 000.00 -149- BUILDINGS (C ontinued) Old Scien ce E a ll Library- East H all Lewis H all Sanford H all West H all Anderson H all Gymnasium In d ustrial Arts Health Cottage Store-Post O ffice Warehouse Farm B u ild in g s (6 ) Dean's Cottage Sycamore C ottage Paige House Pecan Cottage The Oaks V e te ra n A p t. " Am Veteran A pt. "B" Yellow Cottage Watchman's C ottage Farm House Cook* s House Burden Shanty Johnson Shanty Johnson Farm House " " Feed Barn " n Log Barn " n Garage Farm Hand House w $^12 Garages Pump House R eel House H eating P lan t TOTAL BUILDINGS Year A c q u ire d 1936 1937 1907 1937 1937 1907 1920 1932 19U8 1936 1936 1935 193U 1935 1938 1939 1935 1935 I 9U7 19U7 1925 1938 193U 1935 1935 1935 19Wl I 9A4U 19^ 19I4I+ 1935 1935 1936 1938 1938 1927 Investm en t Beginning Of Year A dditions Deductions Investm en t End Of Year $ 5,000.00 $ 5,000.00 1+0,000.00 1+0,000.00 10,000.00 50,000.00 10,000.00 80, 000.00 1+0,000.00 5,000.00 30,000.00 35,000.00 10,000.00 35,000.00 5,000.00 2,000.00 2,000.00 2,950.00 i+50.00 6,000.00 5,000.00 5,000.00 i+, 000.00 3,500.00 5,000.00 5,000.00 U ,500.00 3,500.00 h t 500.00 500.00 500.00 300.00 3,000.00 750.00 $ 10,000.00 140.000. 00 50.000. 00 60.000. 00 8 0 .0 0 0 . 00 1+5,000.00 30.0 00 . 00 i+5,000.00 35.0 0 0 . 00 5 .0 0 0 . 00 2 .0 0 0 . 00 2 .0 0 0 . 00 3,1+00.00 6 .0 0 0 . 00 5.0 0 0 . 00 5 .0 0 0 . 00 U ,000.00 3.500.00 5.0 0 0 . 00 5 .0 0 0 . 00 U, 500.00 3.500.00 U ,500.00 500.00 500.00 300.00 3 .0 0 0 . 00 750.00 300.00 300.00 500.00 300.00 300.00 300.00 200.00 5,000.00 $300.00 300.00 500.00 300.00 300.00 300.00 200.00 _________ 5,000.00 $625,200.00 $1+3,1+92.00 $300.00 $ 668,592.00 c. IMPROVEMENTS OTHER THAN BUILDINGS Swimming P ool 1930 Deep W ell 1938 Stadium *950 10, 000.00 10, 000.00 $ 2, 803.76 TOTAL IMPROVEMENTS OTHER THAN BLDGS>$$ 200,000000..0000 $ 2 ,8 0 3 .7 6 10, 000.00 10, 000.00 2 ,8 0 3 .7 6 $ 22,803.76 D. EQUIPMENT Adm inistrative O ffices Physical Plant L ib ra ry In s tr u c tio n a l Department Dorm itories Dining H all Farm Store TOTAL EQUIPMENT TOTAL INVESTMENT IN PLANT $ 5, 01+8.82 1+3, 787.1+8 65,196.20 7 2 ,5 9 1 .9 0 1+2,552.25 15,335.33 12,281+.50 1+, 382.39 $261, 178.87 $ 5, 979*68 1,535.31+ 1,12 0 .5 0 15,1+89.53 3 ,6 0 1 .7 5 ll,00l+.l+l 62.1+5 3 .7 1 3 .8 5 $1+2,507 .l+9 ~ $ 11,028.50 1+5,322.82 6 6 ,3 1 6 .7 0 88, 081.1+3 1+6,15!+.00 26,339.71+ 12,3146.95 8,096.22 T 303,686."36 $91+7 , 721+.87 $ 96,356.25 $300.00 $1 ,01+3,781.12 -150" L W- : jl if 3 ' .'' :' " MB . At 1w :;V ^% '4 ,.. A' J if n * if > . . VALDOSTA STATE COLLEGE FINANCIAL REPORT FOR THE YEAR ENDING JUNE 3 0 , I 95O V aldosta S ta te College V ald o sta, G eorgia -151- BALANCE SHEET June 30 1950 ASSETS I . CURRENT FUNDS A. GENERAL Cash In Bazik Accounts R eceivable TOTAL GENERAL FUNDS . B. AUXILIARY Cash in Bank Accounts R eceivable Stores (Inventory) TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS I I . AGENCY FUNDS Cash on Hand and in Bank Notes R eceivable In v e stm e n ts - U. S . Bonds TOTAL AGENCY FUNDS ENDOWMENT FUNDS Cash in Bank N otes R eceivable Investm ents - U. S. Bonds TOTAL ENDOWMENT FUNDS STUDENT LOAN FUNDS Cash in Bank N otes R eceivable Investm ents - U. S. Bonds TOTAL LOAN FUNDS PLANT FUNDS EXPENDED Land B uildings Im provem ents o th e r th a n B u ild in g s Equipm ent TOTAL PLANT FUNDS TOTAL ASSETS 6,507.62 139.1+0 6,61+7.02 * 13. 370.56 178.90 3,558.1+5 17,107.91 23. 75u .93 i+,09l+.97 1 ,1 5 0 .0 0 1 ,1 1 0 .0 0 1, 1+72. 01+ 280.00 5, 000.00 * 5, 531.50 3, 001.50 1 ,0 1 7 .5 0 6. 35U.97 6, 752. oU 9 ,5 5 0 .5 0 150, 000.00 557. 367.70 50, 000.00 1 9 8 ,3 5 9 .U6 955.727.i6 1, 002, 139.60 f |h *pL 1 fa m >. 1 i I I; Ii y 1L 1 * te . J t* *f i r 1 4 V r H, J j :ir> g f ft l 4$ m - 152- n f ||| 'flk" 1* o t B 4* 4H( BALANCE SHEET June 30* 1950 LIABILITIES I. CURRENT FUNDS A. GENERAL Purchase Orders Outstanding Surplus TOTAL GENERAL FUNDS 93*85 6,555*17 t 6,61+7*02 B. AUXILIARY Accounts Payable Purchase Orders Outstanding Reserve for Stores Surplus TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS II. AGENCY FUNDS Fund Balanoes TOTAL AGENCY FUNDS III. ENDOWMENT FUNDS Fund Balances * 899*91 8W+.25 3,558.1+5 1 1 ,805.30 17,107.91 t 23.75lt.93 * 6,35l+*97 * 6.351+.97 6,752.oU TOTAL ENDOWMENT FUNDS IV. STUDENT LOAN FUNDS Fund Balances TOTAL STUDENT LOAN FUNDS V. PLANT FUNDS EXPENDED Invested in Plant $ 6,752.oU # 9 *550*50 # 9 .550.50 #9 55,7 2 7 .1 6 TOTAL PLANT FUNDS # 955,7 2 7 .1 6 TOTAL LIABILITIES, SURPLUS, AND FUND BALANCES #1 ,002,139.60 m Hr-t 7 I'7$ r iL 1* -153- STATEMENT OF CURRENT INCOME For Year Ended June 30, 1950 A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matriculation Health Service Sumner Session Other TOTAL STUDENT FEES PUBLIC APPROPRIATIONS State of Georgia - Regular'Operations OTHER SOURCES Cap and Gown Rentals Diplomas TOTAL OTHER SOURCES TOTAL EDUCATIONAL ft GENERAL INCOME NON-INCOME Transfer from Auxiliary Enterprises TOTAL EDUCATIONAL AND GENERAL RECEIPTS B. AUXILIARY ENTERPRISES DORMITORIES Ashley Hall Converse Hall Senior Hall TOTAL DORMITORIES DINING HALL BOOKSTORE TOTAL AUXILIARY ENTERPRISE INCOME TOTAL CURRENT INCOME General Income $ 1,088.80 ia,oi+i+.oo 3,355.60 6,59U.OO 3,118.01 5.198.U1 $116,728.00 $ 82.50 181.60 $ 2I+.10 $ 1,500.00 $173,690.51 $ 7,608.70 i4.30lt.37 8,521.75 $ 30,3U.82 $ 80,92+3.96 10.619.37 $121,998>13 $29^,188.66 -154- STATEMENT OF CURRENT EXPENDITURES Year Ended June 30, 1950 A. EDUCATIONAL AND GENERAL ADMINISTRATIVE A GENERAL President's Office Comptroller's Office Registrar's Office General Expense TOTAL ADM. A GENERAL Total Object Classification Operating Salaries Supplies A Wages A Expense Equipment 1 12,766.06 8 ,522.06 i+,080.38 2 ,1+2 6 .55 1 27,795.05 $ 1 2 ,331.00 8 ,025.60 3 ,600.00 $ 2 3 ,956.60 $ I+3 5 .O6 1+9 6 .1+6 I4I+5.98 $ 2 ,1+2 6 .55 3,80l+.05 " 1 3I+.I+O 31+.+0 STUDENT WELFARE Dean of Women Publicity A Placement Bureau Student Hospital Lecture Series TOTAL STUDENT WELFARE 3.335.35 $ 3 ,108.00 $ 125.60 $ 1**529.14+ 3,317.50 1 ,2 1 1 .91+ 2 ,656.1+2 2 ,1+20.00 2 3 1 .1*7 7 7 2 .61* 65O.OO 122.61+ 11,291.85 9,1*95.50 $ 1 ,6 9 1.6 5 $ 99.75 1*.95 IOI+.7 O PHYSICAL PLANT LIBRARY $ 23,622.30 $ 12,357.50 $ 9,508.07 1 1,756.73 $ 10,9 15.8 2 $ 6,9 1 1 .1 2 $ 1,509.76 $ 2,i+9l+*9l+ INSTRUCTION Art Biology Chemistry Education English Health Home Economics Mathematics A Physics Modern Languages Music Physical Education Secretarial Science Sociology A History Speech Summer Sohool TOTAL INSTRUCTION TOTAL EDUC. A GENERAL EXPEND. 5*831.1*9 7,771.75 5 ,2 0 2 .6 3 1+,6 9 5 .1+7 8,1+00.00 1 ,086.03 1+,282.1+8 1+,739.00 l+,7+6.00 8,760.87 13,525.90 3,527.12 11,701.53 3,633.60 5 ,2 8 5 .0 0 $ 93,186.87 $166,8 11.8 9 $ 5,563.20 7,151.18 1+,836.6O i+,6l2 .2l+ 8,1+00.00 1,079.11 3,163.50 1+.739.00 1+,71+6 .0 0 8,1+13.1+6 12,960.81 3,228.18 11,675.91 3,633.60 5 ,285.00 $ 89,1+92.79 $11+2 ,2 1 3 .5 1 $ 133.27 551.62 1 6 7 .61+ 81.23 6.92 339.82 3I+2 .I+I 313.37 136 .61+ 25.62 $ 2,098.51+ $18,612.07 $ I3 5 .O2 68.95 I9 8 .3 9 7 7 9 .16 2 5 I.7 2 162.30 + 1,595.51* $ 5,986.31 NON-EXPENSEi Transfer to Plant Funds $ i+,79.70 TOTAL EDUC. A GENERAL DISBURSE. 171,581.59 B. AUXILIARY ENTERPRISES DORMITORIES Ashley Hall Converse Hall Senior Hall TOTAL DORMITORIES $ 11,079.81+ 20,830.09 1 2 ,1+0 9 .1+2 I1+1+, 319.35 $ l+,958.20 9 ,3 2 1 .1+0 5,553.18 19 ,832.78 $ 1+,O9I.7I+ 7 ,692.1*7 1+, 582.76 $1 6 ,3 6 6 .9 7 $ 2,029.90 3,816.21 2 ,2 73 .1*9 $ 8 ,119 .6 0 -155- AUXILIARY EXPENDITURES (Continued) DINING HALL BOOKSTORE TOTAL AUXILIARY EXPENDITURES NON-EXPENSE1 Transfer to Educ. A General TOTAL AUXILIARY DISBURSEMENTS TOTAL CURRENT EXPENDITURES Total Object Classification Operating Salaries Supplies A Wage s A Expense Equipment' * 63,7 3 5 .5 1 $ 21,318.60 $1+2,129.70 $ 287.21 9,600.31+ 678.10 8,922.21+ *117,655.20 $ 1+1,829.1+8 $7,1+18.91 $ 8,l+o6.8l $ 1 ,500.00 1 1 1 9 ,155.2 0 $281+,I+6 7 .09 $18l+,0l+2.99 $86,030.98 *14 ,3 9 3 .12 STATEMENT OF TRUST FUND BALANCES Year Ended June 30 I95O BALANCE OF PRINCIPAL, BEGINNING OF YEAR ADDITIONS: Gifts and Grants Income and Investments TOTAL ADDITIONS BALANCE OF PRINCIPAL, END OF YEAR Endowment Fluids Loan Funds $ 6,617.1+2 $ 9,285.50 131+.62 2 6 5.OO $ 131+.62 $ 265.OO $ 6,752.01+ * 9 .550.50 STATEMENT OP TRUST FUND BALANCES BY FUNDS Y ear Ended June 30 1950 ENDOWMENT FUNDS Claude Davis Ingram Fund Balance Beginning Of Year Additions Fund Baiane End of Year $ 6,617.1+2 $ 13l+.62 $ 6,752.01+ LOAN FUNDS War Bond Scholarship Fund September ll+th Fund Kate Bentley Girl*s Fund Archie Griffin U. D. C. (Brooks Co.) Class of 922 Louise Sawyer Anne Singletary Jewel Whitehead K. F. Lumpkin W. R. Dewberry Daniel Ashley Hotel TOTAL LOAN FUNDS $ 3,1+83.00 3,802.50 101.60 150 .01+ 21+0.00 500.00 II8 .3 6 75.00 I5 .OO 500.00 100.00 200.00 * 9,285.50 * 8 $cu 100.00 I6 5 .OO $ 3,1+83.00 3,802.50 IOI.6O I5 0 .OI+ 21+0.00 500.00 II8 .3 6 75.00 I5 .OO 500.00 100.00 300.00 165.00 i 9*550.50 TOTAL TRUST FUNDS $15,902.92 $ 399.62 *16 ,302.54 -156 STATEMENT OP CHANGES IN CASH BALANCES Year Ended June 30, 1950 CURRENT FUNDS sn0rftl Auxiliary TOTAL CURRENT FUNDS AGENCY FUNDS TRUST FUNDS Endowment Loan TOTAL TRUST FUNDS PLANT fUNDS TOTAL Balance Receipts Disbursements Balance jHlgJ^_j9jjg__For Yecur For Year June 30, 1930 $ U,398.70 1173.690.51 $171,581.99 $ 6,507.62 10,527.61 121,998.15 119,155.20 13.370.56 $lU,926.31 $295,688.66 $290,736.79 $19,878.18 $ 5.073.29 $ 55.76U.12 $ 56,7U2.UU $ 1,09U.97 $ 1,057 J+2 $ I4.1U.62 I 1,U72.0U U.076.5Q 1,770.00 $ 315.00 5.531.50 $5.135.92 $ 2,18U.62 $ 315.00 $ 7.003.5U $ U.769.70 $ U.769.7O $25.153.52 $558,U07.10 $352,565.93 $30.976.69 BANK BALANCES First National Bank, Valdosta Educational A General Account Auxiliary Enterprise Account Citiiens and Southern National Bank, Valdosta Student Bank Loan Funds Aooount Claude Davis Ingram Aooount September lUth Fund War Bond Scholarship Fund Bookstore A Vending Account Cash on Hand Petty Cash Fund Student Bank TOTAL STATEMENT OF AGENCY FUNDS Year Ended June 30, 1950 $ 6,507.62 12,051.53 $18,559.15 $ 3.966.06 1,322.00 1, U72.0U 1,7UU.00 2, U65.50 1,019.03 $11,988.63 $ 300.00 128.91 $ U28.91 $30.976.69 Student Activities Student Bank Retirement Collections Withholding Tax Collections Group Insurance Collections TOTAL Fund Balance Julg^ 1, 19U9 Receipts bisbursc- Fund mV. menta June 30, 1950 $ 2,997.31 U,075.98 * 5,791.w* U9.107.68 $ 5.619.0U U9.998.U0 $ 3,169.71 3,185.26 3,922.70 3,922.70 13,313.85 13,313.85 1,U98.9U 1.U98.9U Y 7,073.29 Y 73.63U.61 $ 7U,352.93 $ 6.351*57 -157- STATEMENT OF UNEXPENDED PLANT FUNDS Year Ended June 30* 1950 BALANCE, BEGINNING OF YEAR Funds for Plant Additions ADDITIONS* Transfer from General Funds k . 7*970 DEDUCTIONS* Buildings and Additions to Buildings Kitchen Annex $ U769*70 BALANCE, END OF YEAR SUMMARY OF INVESTMENT IN PLANT As of June 30, 1950 VAUJE OF PLANT, JULY 1, 19^9 $935* 572.3U ADDITIONS DURING YEAR Expended from Plant Funds Expended from Educational and General Funds and included in Current Expenditures Expended from Auxiliary Funds and included in Current Expenditures Adjustments for Prior Years TOTAL ADDITIONS INVESTMENT IN PLANT, June 30, 1950 $ U,769.70 5,9 8 6 .3 1 8,1+06.81 9 9 2 .OO $ 20,1514..82 $955,727.16 STATEMENT OF INVESTMENT IN PLANT Year Ended June 30, 1950 Investment Beginning Of Year Investment End of Additions Year A. LAND Campus B. BUILDINGS Library We At Hall Gymnasium Kitchen Annex Converse Hall Ashley Hall Senior Hall Swimming Pool A Bath Hous>e Log Cabin Boiler House Music Studio Garages A Stables TOTAL BUILDINGS $1 5 0 ,000.00 $1 5 0 ,000.00 $ 60,000.00 12 5,000.00 5 ,000.00 3 ,14+8 .0 0 110,000.00 100,000.00 60,000.00 2 3 ,000.00 8,000.00 20,000.00 3 6 ,000.00 1 ,150.00 *551,598.00 t 5 ,76 9 .70 * 5.769.70 $ 60,000.00 12 5 ,000.00 5 ,000.00 9,217.70 110,000.00 100,000.00 60,000.00 2 3 ,000.00 8,000.00 20,000.00 36,000.00 1 ,150.00 *557.36 7.fro -158- INVESTMENT IN PLANT (Continued) C. IMPROVEMENTS OTHER THAN BUILDINGS Streets & Sidewalks Heating System Camellia Trail Amphitheatre TOTAL IMPROVEMENTS OTHER THAN BUILDINGS D. EQUIPMENT Administrative Offices Physical Plant Library Instructional Departments Student Activities Dormitories Dining Hall Kitchen Annex Heating Plant TOTAL EQUIPMENT TOTAL INVESTMENT IN PLANT Investment Beginning 11O1f11Y1e1ar1 1 Additions Investment End Of Year L. _ J-J. $ 1 5 ,000.00 20,000.00 12 ,000.00 3 ,000.00 $ 50,000.00 1 1 5 ,000.00 20,000.00 1 2 ,000.00 3 ,000.00 $ 50,000.00 $ 6,776.82 il,536.01 60,825.12 38,973.08 3,771.80 32,i8l+.79 1,71+1.06 1 5 ,16 5 .6 6 20,000.00 183.97U.3U $ 38.00 1,279.20 2,51+7.08 2 ,029.96 8 ,295.55 195.33 li+,385.12 $ 6,8li+.82 5,815.21 63,372.20 1+1,003.0!+ 3,771.80 1+0,1+80.31+ 1 ,71+1.0 6 1 5 ,3 6 0 .9 9 20,000.00 $198,35946 935,572.3U $20,15i+.82 $955,727.16 -159- GEORGIA SOUTHWESTERN COLLEGE FINANCIAL REPORT FOR THE YEAR ENDING JUNE 30, I95O Georgia Southwestern College Ameritous, Georgia -16L BALANCE SEIEST June 30, 1950 I. CURRENT FUNDS A. GENERAL Cash in Bank Imprest Cash Accounts Receivable TOTAL GENERAL FUNDS ASSETS B. AUXILIARY Cash in Bank Accounts Receivable Stores (Inventory) TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS II. AGENCY FUNDS Cash in Bank TOTAL AGENCY FUNDS III. STUDENT LOAN FUNDS Cash in Bank Investments (Bonds) Student Notes Receivable TOTAL STUDENT LOAN FUNDS IV. PLANT FUNDS A. UNEXPENDED Cash in Bank B. EXPENDED Land Buildings Improvements other them Buildings Equipment TOTAL EXPENDED TOTAL PLANT FUNDS TOTAL ASSETS i+,50l*.67 300.00 705.38 5,510.05 u, 11*9.85 2,1+27.91 8,1(1)6 .3 9 1 5 ,02l+.15 20,531**20 1,1+35.05 1,1+35.05 5,699.19 1+5 ,000.00 U,301.99 55*001.18 16 ,500.00 5,580.00 1+38,81+8.58 27,937.89 111,583.98 583,950.1+5 $600,1+50.1*5 677,1*2 0 .8 8 BALANCE SHEET June 30, 1950 LIABILITIES I. CURRENT FUNDS A. GENERAL Accounts Payable Reserve for Purchase Orders Outstanding Unearned Income Surplus TOTAL GENERAL FUNDS B. AUXILIARY Reserve for Purchase Orders Outstanding Reserve for Stores (Inventory) Unearned Income Surplus TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS II. AGENCY FUNDS Fund Balance TOTAL AGENCY FUNDS III. STUDENT LOAN FUNDS FUnd Balance $ 140.1+7 282.70 785-00 4 ,301.88 $ 5,510.05 $ 144.15 8,446.39 1,128.82 5,304.79 $ 15,024.15 $ 20,534.20 $ 1,435*05 $ 1,435.05 55,001.18 TOTAL STUDENT LOAN FUNDS IV, PLANT FUNDS A. UNEXPENDED Fund Balance B. EXPENDED Invested in Plant TOTAL. PLANT FUNDS TOTAL LIABILITIES, SURPLUS AND FUND BALANCES $ 55,001.18 I 16 ,500.00 583,950.45 $600,4 5 0 .45 $677,420.88 STATEMENT OF CURRENT INCOME For Tear Ended June 30 1930 A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matriculation Health Service Summer Sessions Other Student Fees TOTAL STUDENT FEES PUBLIC APPROPRIATIONS State of Georgia - Regular Operations County - Sumter County City - City of Amerious TOTAL PUBLIC APPROPRIATIONS OTHER SOURCES Rents from Property Miscellaneous TOTAL OTHER SOURCES TOTAL EDUCATIONAL AND GENERAL INCOME B. AUXILIARY ENTERPRISES CAMPUS STORE DORMITORIES Morgan Hall Sanford Hall Terrell Hall Wheatley Hall TOTAL DORMITORIES COLLEGE DINING HALL APARTMENTS TOTAL AUXILIARY INCOME TOTAL CURRENT INCOME Total Inoome 7,817.16 32,701.50 2,227.33 785.00 U, 597.10 $1+8,128.09 I71,U03.00 923.01+ 1+95.00 72,821.014- 1,1+35.00 790*13 2,225.13 123. 171+.26 25,91+1.17 3,316.1+8 7,752.09 ,5.153.33 2 298.26 18,520.16 67,86!+. 57 1+,7 6 2 .1 3 117,088.03 21+0 , 262.29 -164- STATEMENT OP CURRENT EXPENDITURES Year Ended June 30 1950 A. EDUCATIONAL AND GENERAL ADMINISTRATIVE A GENERAL Comptroller* s Office General Administration President*s Office Reoords Office TOTAL ADM. A GENERAL Total Object Classification Operating Salaries Supplies A Wages A Expense Equipment 1 7,1+88.1+3 $ 6,62*9.78 775.70 62.95 10,5^6 .1 9 2,158.81 8,331.80 55.58 9,500.33 8,75l+.05 708.08 38.20 3,792.29 3,21*6.96 5 I+O. 3 3 5 .OO t '3 1 ,32 7.21* 20,809.60 *10,3 5 5 .9 1 I6I.73 STUDENT WELFARE 1 I*,OUl.57 * 3,5W*.57 2 6 6.3 1 230.69 PHYSICAL PLANT LIBRARY * 23.533.U9 10,187.57 10,577.17 2,768.75 3,881*.52 2,950.00 71+.22 860.30 INSTRUCTION Business Education Education Home Economics Languages Natural Sciences Social Sciences TOTAL INSTRUCTION TOTAL EDUC. A GENERAL EXPNDITURES 1 8,59U.65 10,582.63 260.61* 7,877.39 12*,909.20 6 ,01*9 .1 9 * 1*8,273.70 ^111,060.52 8,13l+J+8 9,750.30 7,803.90 13,231.1+9 5,881.00 fl+1+,801.17 '82,292.91 1*60.17 622.83 252.50 73.1+9 1 ,089.55 75.33 2,573*87 23,81*7.1+8 209.5O 8.11+ 588.16 92.86 898.66 *,920.13 NON-EXPENSE Transfer to Plant Funds * 7 ,7 1 9 .7 9 TOTAL EDUC. A GENERAL DISBURSEMENTS $118,780.31 B. AUXILIARY ENTERPRISES CAMPUS STORE 30,332.95 5,323.68 2!+,1*55.89 * 553.38 DORMITORIES Morgan Hall Sanford Hall Terrell Hall Wheatley Hall TOTAL DORMITORIES COLLEGE DINING HALL 1*,069.39 8,303.37 6,9 8 2 .75 3 ,8 2 1 .6 2 23,177.13 1, 868.51 1 ,527.88 5,686.ll* 1,828.73 3,652.57 1 ,883.78 1,627.51 1 ,003.02 l2,83l+.73 6,21*3.1*1 673.OO 788.50 1 ,1*1*6 .1*0 1,191.09 U.098.99 $ 60,12 5 .91* 16 ,896.21 *2 ,1*2 1 .5 2 808.21 APARTMENTS TOTAL AUXILIARY EXPENDITURES $ 1*,650.23 2,01*9.16 2,601.07 1118,286.25 137,103.78 175,721.89 15,1+60.58 TOTAL CURRENT EXPENDITURES 1229,31+6.77 119,396.69 99,569.37 10,380.71 -165- STATEMENT OF THJST FUND BALANCES Year Ended June 30# 1950 BALANCE OF PRINCIPAL, BEGINNING OF YEAR ADDITIONS* Gifts and Grants from private souroes Income on Investments TOTAL ADDITIONS BALANCE OF PRINCIPAL, END OF YEAR #1*9 , 31*3 .5 5 # *#380.73 1,276.90 5#637 63 133,001.18 SUMMARY OF TRUST FUND INVESTMENTS For Year Ended June 30 1950 LOAN FUNDS GOVERNMENTAL BONDS Woodville, Ga. Consolidated School District McIntyre School District City of Atlanta, Georgia U. S. Treasury Bonds Series G. Clayton County TOTAL GOVERNMENTAL BONDS 5-1/2$ 6# 2-1/8# 2-1/2# 5# Boofc Value # 3 ,000.00 1,000.00 1,000.00 38,000.00 2,000.00 #45,000.00 STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1950 CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS Cash Balanoe Receipts Disbursements Cask Balance July 1, I9I+9 For Year For Year June 30, 1930 # UlO.72 #123,1714.26 #118,780.31 *,80^.67 3,3148.07 117,088.03 118,286.23 *,11*9.35 #5,758*79 #2140,262.29 #237,066.36 # 8,9514.32 AGENCY FUNDS PLANT FUNDS #l,U9l4.83 # 17,617.15 # 17,676.93 1,1435*05 __________# 2L4,219*79 7.719*79 #16,300*00 STUDENT LOAN FUNDS #2,31*3.55 # 7,772.28 # I4.l4l6.6l4 # 5.699.19 TOTAL #9.597.19 #289,871.1*9 #266,879.92 #32,388.76 BANK BALANCES Bank of Commerce Citizens Bank of Americus Imprest Cash # 12,13l*.Ql* 20,15l*.72 300.00 # 32,588.7g 166- Room and Key Deposits Chemistry Breakage Deposits Physics Breakage Deposits Zoology Breakage Deposits Personal Deposits Photo Deposits Gale Deposits Student Activities Athletic Association Group Insuranoe TOTAL STATEMENT OP AGENCY FUNDS For Year Ended June 30 1950 Cash Balance Receipts Disbursements Cash Balance July 1, 19U9 For Year For Year June 30 1950 $ 671.00 $ 692.00 $ 533.08 $ 650.00 620.00 829.92 30.00 235.00 2 3 5 .OO 185.00 185.00 5.630.05 5.301.07 328.98 37.00 374.00 67.00 1,081.40 1 ,094.60 53.80 7*00 3.95l*.58 3 ,896.42 6 5 .1 6 56.37 2 ,2 39.72 2,296.09 693 *8 2 ,575.38 3,141.67 127.19 $1,494.85 $1 7 ,6 17 .13 $1 7 ,676.93 $ 1,435.05 STATEMENT OF UNEXPENDED PLANT FUNDS Year Ended June 30, 1950 BALANCE, BEGINNING OF YEAR Funds for Plant Additions $ ____ ADDITIONS: Governmental Appropriations - State of Georgia Transfer from General Funds TOTAL ADDITIONS DEDUCTIONS: Expended for Plant Additions Buildings and Additions to Buildings Infirmary Gymnasium Improvements other than Buildings Tennis Courts Lake Lighting System TOTAL FOR PLANT ADDITIONS 16,500.00 7,719.79 $24,219.79 $ 1,794.60 1,773.98 3 ,115 .9 6 573*15 62.10 $-- 7 719,79 BALANCE, END OF YEAR $ 16,500.00 SUMMARY OF INVESTMENT IN PLANT As of June 30, 1950 VALUE OF PLANT, JULY 1, 1949 $5 6 9 ,3 2 4 .7 6 ADDITIONS DURING YEAR Expended from Plant Fujjds $ 7 ,7 1 9 .7 9 Expended from Eduo. & General Funds & Included in Current Expend. ,920*13 Expended from Auxiliary Funds A included in Current Expend. 5,60.58 Gifts of Plant Assets 3,000.00 Adjustments for Prior Years 1,572.3U TOTAL ADDITIONS ---2----- $ 22,672.84 -167- SUlilARY 0? INVESTMENT IN PLANT (Continued) VALU* OF PLANT, PLUS ADDITIONS 991.997.60 DEDUCTIONSt Adjustments for Prior Year INVESTMENT IN PLANT, June 30, 1990 8,01*7.15 583,950.1*5 STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1990 A. LAND Year Acquired Investment Beginning Of Year > 5.980.00 Additions Investment End Deductions Of Year I 5,580.00 B. BUILDINGS Administration Building 9 2 ,500.00 Science Building 19U7 50,000.00 Gymnas ium-Auditor ium Hone Economics Building , 65.000. 7 000.00 00 I 1,773.98 Presidents Home 1 2 ,500.00 Barn (Storage Depot) 2 ,300.00 Morgan Hall 3 3 .000. 00 Sanford Hall 66.500.00 1,79^.60 Terrell Hall 3 2 .500.00 Wheatley Hall 2 9 .000 . 00 Campus Cottage 3 .000. 00 Campus Duple* (Farm House) 3 ,500.00 Negro House 500.00 Fuel House 380.00 Negro Bunk House Utility House 200.00 100.00 New Boy's Dormitory (Plans & Sepcifioations)U000.00 Repair Shop 300.00 Apartment Building A 9-1-U8 10.000. 00 Apartment Building B 9"1-^8 10,000.00 Apartment Building C 9-1-1+8 10,000.00 YPCA Chapel 1990 _______ 3.000.00 TOTAL BUILDINGS $432,280.00 I 6,568.38 9 2 ,50 0 .00 50,000.00 66,773.98 7 ,0 0 0 .0 0 12 ,500.00 2 ,300.00 33.000. 00 68,2914.60 32,500.00 2 9 .000. 00 3.000.00 3 ,900.00 500.00 380.00 200.00 100.00 4,000.00 300.00 10. 000. 00 10,000.00 10, 000.00 3 ,000.00 l*38,8t*8.58 C. IMPROVEMENTS Streets, Sidewalks and Landscaping Water A Lights Dist. System Sewage Disposal System Program & Fire Signal System Garbage & Waste Disposal System Lake Tennis Courts TOTAL IMPROVEMENTS $ 12 ,351.0 0 2.599.00 7 .500.00 1 ,0 8 6 .6 8 250.00 _________ 23,786.68 I 462.10 973.19 3. H 9.96 I 4,151.2F 1 2 ,351.0 0 3 ,0 6 1.10 7 ,500.00 1,086.68 250.00 3 7 3 .1 3 3 ,1 13 .9 6 27,937.89 D. EQUIPMENT Administrative Offices Student Welfare (including Infirmary) Physical Plant Library Instruction Division Dormitories Food Service (Dining Hall) Campus Center (Campus Store) Apartments TOTAL EQUIPMENT TOTAL INVESTMENT IN PLANT FINANCIAL REPORT POR THE YEAR ENDING JUNE 30, 1950 West Georgia College Carrollton Georgia BALANCE SHEET June 30* 1950 ASSETS CURRENT FUNDS A. GENERAL Cash In Bank Aooounts Receivable TOTAL GENERAL FUNDS B. AUXILIARY Cash in Bank Aeeounts Receivable Stores (Inventories) TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS II. AGENCY FUNDS Cash on Hand and in bank Student Bank TOTAL AGENCY FUNDS III. PLANT FUNDS A. UNEXPENDED Cash in Bank B. EXPENDED Land Buildings Improvements other than Buildings Equipment TOTAL EXPENDED TOTAL PLANT FUNDS TOTAL ASSETS # J0,2U6.0J 1.767.25 32.01J.28 , lt5.8Wt.6l 1 187.26 5,822.18 52,85lt.05 alt,867.35 I 1,750.96 l,536.0it 3,287.00 ) 2 ,600.00 27, 500.00 Wt8,837.57 77.861t.99 199.350.61t >755.553.20 756,153.20 8itlt,307.53 -170- BALANCE SHEET June 30, 1950 LIABILITIES CURRENT FUNDS A. GENERAL Accounts Payable Purchase Orders Outstanding Unearned Income General Surplus TOTAL GENERAL FUNDS B. AUXILIARY Accounts Payable Unearned Inoome Reserve for Stores (Inventories) Surplus TOTAL AUXILIARY FUNDS * 727.52 160.00 +,908.70 26,217.06 >' 32,013.28 1 ,J+30.1+8 2,263.00 5,822.18 1*3.338.39 52,85U.Q5 TOTAL CURRENT FUNDS II. AGENCY FUNDS Fund Balances 8U,867.33 3,287.00 TOTAL AGENCY FUNDS 3*287.00 III. PLANT FUNDS A. UNEXPENDED Fund Balanoe 2,600.00 B. EXPENDED In-rested in Plant 753.333.20 TOTAL PLANT FUNDS 736,153.20 TOTAL LIABILITIES, SURPLUS, AND FUND BALANCES 8l,307.53 STATEMENT OF CUBBENT INCOME For Tear Ended June 30* 1950 A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matriculation Summer Session Fees Obher Student Fees TOTAL STUDENT FEES PUBLIC APPROPRIATIONS State of Georgia Regular Operations Vocational Funds TOTAL PUBLIC APPROPRIATIONS OTHER SOURCES Rents for property Miscellaneous TOTAL OTHER SOURCES TOTAL EDUCATIONAL AND GENERAL INCOME NON-INCOME Transfer from Auxiliary Enterprises TOTAL EDUCATIONAL AND GENERAL RECEIPTS B. AUXILIARY ENTERPRISES BOOKSTORE DORMITORIES Adamson Hall Melsbn Hall MandeTille Hall Log Cabin Hamm Barracks Borders Barracks Wright Barracks Rogers Hall Storms Barracks TOTAL DORMITORIES DINING HALL FARM TRAINING SHOPS TOTAL AUXILIARY ENTERPRISE INCOME TOTAL CURRENT INCOME -172 General Inoome 8 1 2 ,216.98 l*3,9ll*.39 5.099.77 5,807.60 8 67.038.7U 8 99.119.00 1,938.15 8l0tt.057.l5 8 1.6J8.07 625.65 8 2,263.72 8l73.359.6l 8 1, 102.1*1* 8171*^62.05 8 13,139.31 8 It,921.96 lt.7 6 7 .olt 3,22l*.98 1.355J*9 1,285.08 1,285.08 3.08lt.l5 1,081* .1*0 5.397.26 8 26,1*05.1*1* 8 91.736.77 8 12,256.08 8 1,389.00 8ll*lt,926.60 8318.286.21 STATEMENT OF CURRENT EXPENDITURES Year Ended June 30, 1950 A. EDUCATIONAL AND GENERAL ADMINISTRATIVE & GENERAL Administrative Dean Business Office General President's Office Registrar's Office TOTAL ADM. A GENERAL STUDENT WELFARE Dean of Women PHYSICAL PLANT LIBRARY Total Object Classification Operating Salaries Supplies & Wages A Expense Equipment 2,990.1*8 2,211.71* * 590.31* 188.1*0 7.685.87 6,976.1*6 1*22.60 286.81 8,060.99 899.55 7.I6I.I4I+ 9.815.85 8,959.70 786.50 69.65 3.576.93 3,056.61t 505.79 11+.50 32.130.1? 22.1QI+.09 9,1*66.67 * 599.36 3.879.80 3,879.80 30,976.14.9 17,lt29.i|2 11,892.96 l,65l*.11 * 8,329.31 5,1*32.75 * 2,813.86 82.70 INSTRGCTION Commercial Education Home Economics Physical Education Psychology Summer Sohool Teaoher Training Art English French Humanities Musi Spanish Biology Chemistry Mathematics Physics Engineering A Drawing Economics History Political Science Sociology TOTAL INSTRUCTION EXTENSION 7.06U.26 6,073.79 t 363.77 k, 657.58 2.661+.95 3,3l*l.0i* 1,316.51* 2,1*77.77 187.18 7.335.61* 5,388.87 1,91*6,77 627.1*5 3O.66 621* .00 3.1*5 30l*.66 7. ll;3.15 6,139.18 1,003.97 1,955.05 1,5U5.00 1+10.05 7,961.38 7,002.1*8 958.90 1,653.65 1,650.00 3.65 l+,5l48.9 1*,51+5.00 3.91* 1.723.38 1,51*5.00 178.38 1,650.00 1,650.00 u ,659.67 1*,386.00 273.67 5.193.61t 1*,1*22.00 2,998.22 2,976.96 771.61* 21.26 1,860.1*8 1,2214.01 1,51*5.00 l,22l*.01 315.1*8 999.96 999.96 2,91*6.61 2,937.50 9.11 2,000.01* 2,000.01* 2,000.01* 2,000.01* 7 3 ,172.76 lt,l*73.61* 8,072.1*2 626.70 626.70 1*,81*7.05 I 3.728.50 1,118.55 TOTAL EDUCATIONAL * GENERAL EXPEND. B. AUXILIARY ENTERPRISES *153,335.53 117,01*8.20 *33,36I*J*6 2,922.87 BOOKSTORE DINING HALL 12,369.21 * 1,767.35 lO,1*61*.52 * 13 7 .31* * 77,112.1*2 15,065.58 *60,15 9 .31* 1,887.50 -173- AUXILIARY (Continued) DORMITORIES Storms Adamson Hall Borders Barracks H amm Barracks Log Cabin Mandeville Hall Melson Hall Rogers Hall Wright Barracks TOTAL DORMITORIES FARM SHOPS TOTAL AUXILIARY EXPENDITURES NON-EXPENSE Transfer to General Funds Transfer to Plant Funds TOTAL AUXILIARY DISBURSEMENTS TOTAL CURRENT EXPENDITURES Total Object; Classification Operating Salaries Supplies A Wages A Expense Equipment # 5,36*4.36 # 2,60i+.08 1,263*87 7 6 9 .7 1 1 ,1 1 3 .1 6 588.1+1 1,113*15 i,Wa .63 3,1+59.91+ 5,6 2 9 .15 1,157.31 2,786.22 588.1+1 61+8 .7 6 1,557.02 1,911.05 519 .OO 1,1*36.35 21,328.79 #10,622.79 * 13,537.14* # 6,130.5U 2,531.8 3 39I4.8I 52U .7 5 521+.71+ 673.77 1,617.06 1 ,514**32 539.0? 1,319*01 # 9,669.31 # 228.1+5 99.35 II9 .IO 285.86 173.78 99.29 30.86 #1 ,036.69 5,626.65 #1,580.25 # 828*75 # 828.75 12^,976.(61 33,586.26 86,71+8 .5 7 1+,61+1.78 # 1,102.10+ 13,052.85 139 .1 3 1 .9 0 #278,312.11+ #150,63l+.l+6 #120,113.03 #7,561+.65 STATEMENT OF CHANGES IN CASH BALANCES Year Ended June 30, 1950 CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS Balance Receipts Disbursements Balance July 1, I9I+9 For Year For Year June 30, I95O # 9,119.51 171*,1*62.05 153 .335.53 #30,21+6.03 1+0,01+9.91 li+l+,926.60 139,131.90 l45.8L4U.6 l #1+9,1^9.1+2 3 19 .388.65 292,1*674*3 7 6 ,090.6U AGENCY FUNDS 3 , 590*08 # 6 3,33 1,2 3 # 65,6514*31 # 3 , 2 8 7 .0 0 PLANT UNDS # 3*200*00 13 ,032.83 # 1 3 ,6 32.8 5 $ 2 ,600.00 TOTALS 57959*50 397,792.73 #373,7714*59 #81,977.614 BANK BALANCES Peoples Bank (Revenue) Peoples Bank (Agency) Peoples Bank (Auxiliary) West Georgia National Bank(Operating) Student Bank in College Safe TOTAL 1+,908*70 1,187*75 1+8,1489.17 256Ul*06 1,750*96 #81,977.61+ -174- Group Insurance Student Activities Student Bank Retirement Collections Withholding Tax Collections Athletio Association TOTAL STATEMENT OF AGENCY FUNDS Year Ended June 30, 1950 Fund Balance Disburse- Fund Balance July 1, 191+91 Receipts ments June 30, 195< $ 280.20 l8ll+.ll 2 ,225.68 - 729.91 $3*590.08 $ 3,209.05 7 .2 73.96 37,91+9.00 2 ,831+.00 8,1*29.71+ 5,655.1+8 $65,351.23 $ 3,11+0.96 7,81*2.51+ 38,1*23.72 2 ,83l+.00 8,1(29.74 4,983.35 $65, 651*. 31 $ 31+8.29 1,21+5.53 1,750.96 - 57.78 $ 3,287.00 STATEMENT OF UNEXPENDED PLANT FUNDS Year Ended June 30, 1950 BALANCE, BEGINNING OF YEAR ADDITIONS: Transfer from Auxiliary Enterprises DEDUCTIONS* Expended for Plant Additions Buildings and Additions to Buildings Dining Hall MeIson Hall Adamson Hall Borders Barracks Hamm Barracks Wright Barracks Storms Barracks Administration Building Sand Hill Apartment Auditorium Dormitory Plans Total Buildings & Additions to Buildings Equipment TOTAL DEDUCTIONS BALANCE, END OF YEAR Fnds for Plant $ 5*200.00 15*052.85 $ 1,983.71 2,560.75 2,922.05 328.1*7 328 . 1+8 673.76 690.56 295.00 632.85 1*559.71 2 ,600.00 $Hi,575.31+ # 1,077.51 $1 5 ,652.85 I 2 ,600.00 SUMMARY OF INVESTMENT IN PLANT As of June 30 1950 VALUE OF PLANT, JULY 1, I9I+9 ADDITIONS DURING YEAR Expended from Plant Funds Expended from Educational and General ^unds and included in Current Expenditures Expended from Auxiliary Rmds and included in Current Expenditures Adjustments for Prior Years TOTAL ADDITIONS INVESTMENT IN PLANT, June 30, 1950 -175- $725,585.70 $15,652.85 2,922.87 1+, 6141.78 U,750. 00 $ 27,967.50 $753*555.20 STATEMENT OF INVESTMENT IN PLANT Year Ended June 30 1950 JAX. lTa.nJiXuJmJ Campus Off Campus TOTAL LAND Year Acquired Investment Beginning Of Year Additions 1907 1907 1*,000.00 $ 2 3 ,500*00 2 7 ,500.00 Investment End of Year $ 1*,000.00 2 3 ,500.00 $ 2 7 ,500.00 B. BUILDINGS " CAMPUS Mens New Dormitory - Plans Adamson Hall Administration Bookstore Borders Barraoks Dining Hall - Auditorium Engineering Drawing Gunn House Hamm Barracks Log Cabin Dormitory Library Machine Shop Maintenance Shop Mandeville Hall McGiboney (Rogers Hall) Melson Hall Plant Supervisor's Home President's Home Recreation Center Rural Arts Storms Barracks Sand Hill Apartment Tenant House No* 1 Tenant House No. 5 Wood shop Wright Barracks Tenant House No* 6 TOTAL BUILDINGS - CAMPUS 1907 1907 191*1* 191+1+ 1937 19I+6 1907 19hh 1932 1938 I9bk 191*8 1935 19U6 1907 1907 1907 191*7 1935 19+5 191*5 191*1* 19U6 191*1* 19l*l+ 1938 1+2 ,1+00.00 58,700.00 1+,1466*00 5 ,600.00 70 ,300.00 6,000.00 5.275.00 5 ,600.00 3 ,100.00 1+5,000.00 10,000.00 1,200.00 3l+,000.00 2 ,058.03 1*0,600.00 1 ,275.00 6,000.00 1+,930.00 1*1*.9 9 3 .00. 3,800.00 500.00 500.00 10,000.00 10,000.00 1 ,051.00 $1+1 7 ,31+8.03 $ 2 ,600.00 2,922.05 295.00 328.1*7 3 .51*3 .1*2 328.1*8 2,560.75 690.56 5.382.85 6 7 3 .7 6 $ 19 .325.31* $ 2 ,600.00 1*5 ,322.05 5 8 ,9 9 5 . 0 0 1+,1*66.00 5,928.1*7 73,81*3.1*2 6,000.00 5.275.00 5 .928.148 3 ,100.00 1*5 .000.00 10 ,000.00 1 ,200.00 3l+,ooo.oo 2 ,058.03 1+3,160.75 1 ,275.00 6 ,000.00 1*,9 3 0 .0 0 1*1*,993.00 1*,1*9 0 .5 6 5,382.85 500.00 500.00 10,000.00 10,673.76 1 ,051.00 1+36,673.37 BUILDINGS - FARM Calf Barn Cow Barn Crib Dairy Barn Mule Barn 565,550.00 & i # 9,200.00 9 ,500.00 6 ,7 5 0 .0 0 # 2 5 ,1+50.00 -184 # 9,200.00 9 .500.00 6 ,750.00 # 2 5 ,1+50.00 D. EQUIPMENT Administration Offices Physical Plant Library Instructional Dormitories Dining Hall Campus Store TOTAL EQUIPMENT TOTAL INVESTMENT IN PLANT Investment Investment Year Beginning End Acquired Of Year Additions Deductions Of Year * 12 ,227.00 68,990.00 23,830.00 57,91+0.00 19,010.00 35,095.00 3,705.00 *2 5 0 ,7 9 7 .0 0 * 273.00 1 ,305.00 1 ,020.00 880.00 l,i|80.00 1 ,1+15.0 0 250.00 6,623.00 12 ,500.00 70,295.00 2l+,850.00 58,820.00 50,1+9 0 .0 0 3 6 ,5 1 0 .0 0 3,955.00 *257,1+20.00 861,197.00 *10,187.1*3 *1+5&+.1+3 *866,820.00 -185 SOUTH GEORGIA COLLEGE FINANCIAL REPORT FOR THE YEAR ENDING JUNE 30, I95O South Georgia College Douglas, Geor gia 187 CURRENT FUNDS A. GENERAL Cash in Bank Accounts Receivable TOTAL GENERAL FUNDS B. AUXILIARY Cash in Bank Accounts Receivable Stores (Inventory) TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS II. AGENCY FUNDS Cash in Bank TOTAL AGENCY FUNDS III. PLANT FUNDS A. UNEXPENDED Cash in Bank B. EXPENDED Land A Improvements Buildings Equipment TOTAL EXPENDED TOTAL PLANT FUNDS TOTAL ASSETS BALANCE SHEET June 30 1950 ASSETS # 9,521.1+1 101+.53 1 # 9,625.91+ # 30,61+1.93 2, 511.58 3,620.1+1 I 36,773.92 # 1+6 , 399.86 # 3,358.16 # 3,358.16 # li+,000.00 # 158, 1+00.00 273.533.70 112,677.81+ ' #514,611.51+ #558,611.51+ 608,3 6 9 .5 6 -188' BALANCE SHEET June 30# 1950 LIABILITIES CURRENT FUNDS A. GENERAL Aooounts Payable Purchase Orders Outstanding Contracts Negotiated Reserve for Student Welfare Surplus TOTAL GENERAL FUNDS B. AUXILIARY Aooounts Payable Purchase Orders Outstanding Unearned Inoome Reserve for Stores (Inventory) Surplus TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS II. AGENCY FUNDS Fund Balances TOTAL AGENCY FUNDS III. PLANT FUNDS A. UNEXPENDED Fund Balance B. EXPENDED Invested in Plant TOTAL PLANT FUNDS TOTAL LIABILITIES, SURPLUS AND FUND BALANCES $ 475.91 878.24 225.00 4,692.84 3,353-95 $ 9 ,625*914. $ 749.63 155.00 998.00 3,620.41 3 1 ,250.88 $ 56,7 7 5 .9 2 $ 46,399.86 $ 3,358.16 $ 3,358.16 $ 14,000.00 541*,6 1 1 .5 4 $558,6 1 1 .5 4 $608,3 69.56 -189- STATEMENT OF CURRENT INCOME For Year Ended June 30, 1950 A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matriculation Health Summer School Fees Other Student Fees TOTAL STUDENT FEES $17, 811.09 140,153.51 i,359.oo 2,3U9.89 6fe',grgg PUBLIC APPROPRIATIONS State of Georgia - Regular Operations TOTAL EDUCATIONAL AND GENERAL INCOME $88,155.00 $15l+, 282.96 B. AUXILIARY ENTERPRISES BOOKSTORE CO-OP DORMITORIES Davis Fraser Poire 11 Proctor Tanner TOTAL DORMITORIES DINING HALL FARM TOTAL AUXILIARY INCOME TOTAL CURRENT INCOME $10,6 5 1.82 $11,505.95 $ 5,733.1+3 3,1+72.56 8 , 111.21+ 3.12!+. 09 1 ,150.00 $2 1 ,591.52 $85,314+. 59 $ 2,077.37 $131,171.05 $2 8 5 ,1+51+.01 STATEMENT OF CURRENT EXPENDITURES Year Ended June 30, 1950 A. EDUCATIONAL AND GENERAL ADMINISTRATIVE A GENERAL Academic Dean Comptroller's Office General Expense President's Office Registrar's Office TOTAL ADM. A GENERAL T otal O bject C la s s ific a tio n O perating S alaries S u p p lie s A Wages Se E xpense E q u ip m en t $ 3,656.1+2 7,687.25 7 ,296.00 10,817.27 3,892.70 t 33.Jft9.6i* $ 3,1+56.25 7 ,100.00 7 ,221.0 0 9 ,100.00 3 ,850,00 30,7 2 7 .2 5 $ I9 I.22 $ 399.75 75.00 1,717.27 1+2.70 * 2 ,1*25.91* $ 8.95 187.50 I9 6 .I+5 -190' STATEMENT OP CURRENT EXPENDITURES Year Ended June 30, 1950 EDUCATIONAL AND GENERAL (Continued) STUDENT WELFARE Dean of Students Student Hospital TOTAL STUDENT WELFARE PHYSICAL PLANT LIBRARY Total Object Classification Operating Salaries Supplies &Wages & Expense Equipment t 3,975.25 1 3,782.15 $ 166.35 $ 26.75 2,050.96 1,627.55 208.57 21U.8U $ 6,026.21 $ 5,U09.70 1 37U.92 $ 2U1.59 $ 22,136.14 t 12,665.71 $ 8.U99.38 $ 971.05 $ U.52U.82 # 3.0U1.25 $ 615.32 1 868.25 INSTRUCTION Commerce Education Fine Art Home Economics Languages Mathematics Physical Education Science Social Science Slimmer School TOTAL INSTRUCTION TOTAL EDUC. * GENERAL EXPENDITURES $ 11,645.95 3,600.00 2.644.30 1,995.50 15.1U8.95 6,700.00 6,910.62 15,712.39 12,6lU.58 2,026.01 $ 76,998.28 U3735.09 $ 10.U00.09 3.600.00 2.515.00 1.862.00 12,900.00 6.700.00 5,852.50 13.U26.86 12,U99.91 2.026.01 * 71.782.57 &123,626.28 $ 517.26 83.55 133.50 175.03 1,058.12 1,390.26 110.87 1 3.U68.59 $15,384.15 $ 728.58 U5.75 73.92 895.27 3.80 $1,7U7.32 $4,024.66 NON-EXPENSE Transfer to Plant Fund $ 6,216.00 TOTAL EDUC. &GENERAL DISBURSEMENTS OE97251.09 B. AUXILIARY ENTERPRISES BOOKSTORE CO-OP $ 9.6U9.U5 $ 9.6U9.U3 $ 9,608.78 $ 1,292.35' $ 8,207.30 $ 109.13 DORMITORIES Davis Hall Fraser Powell Proctor Tanner TOTAL DORMITORIES DINING HALL FARM TOTAL AUXILIARY EXPENDITURES $ U,lUl.21 $ 2.485.70 1 911.31 $ 7UU.20 3,46 .oi 2,276.03 805.58 32U.U0 5,392.81 1,772.75 1,315.58 30U.U8 2,677.85 1,683.30 692.38 302.17 1,582.99 776.U5 U67.62 338.94 $ 15,200.87 I 8.99U.21 U.192.U7 I2.04.19 $ 65,U56.81 $ 10,081.50 * 55,153.02 $ 222.29 $ 1,886.69 # 60.30 $ 1,826.39 1101,802.58 $ 20.U28.36 1 79*028.61 ^2,3U5.6l NON-EXPENSE Transfer to Plant Fluids $ lU,lU9.58 Transfer from Co-op to Student Act. 1,^95.20 TOTAL AUXILIARY DISBURSEMENTS 1117,6^7.5^ TOTAL CURRENT EXPENDITURES J^837^67 &1UU.05U.6U $ 9U,Ul2.?6 $6,370.27 -191- STATEMENT OF ORANGES IN CASH BALANCES For Year Ended June JO, 1950 CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS PLANT FUNDS Cash Balance Receipts Disbursements Cash Balance July 1, 19U9 Fr Year For Year June 30, 1950 $ U,U895U $15^.282.96 I l i # .25I.O9 $ 9.521.U1 17.118.2U 131.171.05 1:L76U756 50,6^1.93 $21,607.78 $285,U5k.0l 1266,898.U5 $1|Q,i 63."3S $ 3,071.27 $ 32,265.38 $ 21,336.83 $iU>ooo.oo AGENCY FUNDS Airport Room Reservation Fee Student Activity Student Deposits TOTAL AGENCY FUNDS TOTAL $ 1U8.61 810.00 1,056.23 285.7U $ 2,300.58 $ 8,5U0.20 3,580.00 2u.772.51 5.U08.85 $ U2,301.56 $ 8,331.10 2,730.00 2U.628.83 5.55U.05 $ Ul,2U3.98 $ 357.71 1,660.00 1,199.91 1U0.5U $ 3,358.16 #26,979.63 $360,021.15 $329,U79.28 $57,521.50 BANK BALANCES Coffee County Bank Farmers Bank Comptroller's Office $ 23,879.12 33,501.8U 1U0.5U $ 57,521.50 ATHLETICS Baseball Basketball Basketball Tournament Football TOTAL ATHLETICS STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1950 Cash BalanceReceiptsDisbursements Cash Balance July 1, 19U9 For Year For Year June 30, 1950 $ U1.3 0 $ 5U3 .3 5 $ - 502.05 552 .U6 1 ,283.05 1.36U.U3 1 ,202.03 - 811.97 81.02 5,052.75 8,653.03 - 3,600.28 $ 6 ,929.56 $ 11,762.8U $-U,833*28 STUDENT ACTIVITIES Alumni Association Annual Awards Honors' Day Camera Club Concert Series Glee Club Future Teachers o f America South Georgian Student Council Student Handbook Intra-Mural Sports TOTAL STUDENT ACTIVITIES $ 51.00 $ 321*96 $ - 270.96 320.00 2,700.U5 - 2,380.U5 78.80 - 78.80 .86 .86 89.50 38U.2U - 29U.71* 1 .U0 -1 .U0 16.12 - 16.12 316.75 2,758.39 775*38 1 ,510.U8 183.88 - U58.63 l,2U7.91 - 183.88 108.12 - 108.12 ~ T 3.535.6U $ 6,081.69 #-2 ,51*6 .0 5 OTHER AGENCY FUNDS Airport $ 1U8 .6 1 $ 8,5UO.20 $ 8,331*10 # 3 5 7 .7 1 -192- OTHER AGENC Y FUNDS (Continued) Room Reservation Student Fees Student Deposits Vending Machines Work Scholarship TOTAL OTHER AGENCY FUNDS TOTAL AGENCY FUNDS 6ash Balance ReceiptsDisbursements Cash Balanoe July 1, I9I4.9 For Year For Tear June 30, 1950 $ 810.00 1 ,056.23 285.7^ t 2,300.58 $ 3,580.00 7 ,188.69 5,1+08.85 1,800.72 5,317.90 $ 3 1 ,836.36 $ 2,730.00 5 .55U .0 5 1,1+66.1+0 5*317.90 1 23,399.1*5 $ 1 ,660.00 8,2l*U.92 11+0.51+ 33U .32 tlO,737.1*9 $ 2,300.58 $ 1+2 ,3 0 1.56 t 1*1,21*3.98 $ 3,358.16 STATEMENT OP UNEXPENDED PLANT FUNDS Year Ended June 30, 1950 _________ Funds for Plant Additions BALANCE, BEGINNING OF YEAR $ 3,0?1.27 ADDITIONS* Governmental Appropriations- State of Georgia Transfer from General Funds Transfer from Auxiliary Funds TOTAL ADDITIONS 11,900.00 6,216.00 ll+,ll+9.58 $3 2 ,2 6 5 .5 8 DEDUCTIONS: Expended for Plant Additions Buildings and Additions to Buildings Dining Hall Davis Hall Improvements other than Buildings Central Heating Equipment Davis Hall Dining Hall Gymnasium TOTAL FOR PLANT ADDITIONS $ 6 ,813.90 819.80 3*071*27 U,555*22 1 ,960.66 1+*116.00 $21,336.85 BALANCE, END OF YEAR $ll+, 000.00 SUMMARY OF INVESTMENT IN PLANT As of June 30, 1950 VALUE OF PLANT, JULY 1 , I9I+9 $521,807.00 ADDITIONS DURING YEAR Expended from Plant Funds $21,336.85 Expended from Educational A General A Included in Current Expend. l+*02l+.66 Expended from Auxiliary Funds A Included in Current Expend. 2,3l+5.6l TOTAL ADDITIONS $ 27,707.12 VALUE OF PLANT, PLUS ADDITIONS $5l+9,5ll+.12 DEDUCTIONS FOR YEAR Property Worn Out or Otherwise Disposed of Adjustments for Prior Year TOTAL DEDUCTIONS INVESTMENT IN PLANT, June 30, 1950 -193- $ 1,831*31 3*071.27 $ it,902.58 t5tUt.6n.5U A. LAND Campus Off Campus TOTAL LAND STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30 1950 Investment Year Beginning Acquired Of Year Additions 1907 $ 1 6 ,000.00 37,500.00 $ 53,500.00 Investment End of Deductions Year $ 16 ,000.00 3 7 ,500.00 $ 53,500.00 B. BUILDINGS Peterson Hall Auditorium Davis Hall Fraser Hall Powell Hall Bxntor Hall Tanner Hall Dining Hall Shop Gymnasium Miscellaneous Library Building Science Building TOTAL BUILDINGS 1907 1936 1907 1929 1907 1929 1929 1927 1953 1936 1939 19U6 $ 32,000.00 13 ,500.00 3 5,000.00 $ 819.30 ll+,000.00 3 5 ,000.00 ]i+,000.00 1 2 ,000.00 20,000.00 6,813.90 1 ,500.00 18,000.00 1 7 ,900.00 3 5 ,000.00 18,000.00 $265,900.00 $ 7 .633.20 $ 3 2 ,000.00 1 3 ,500.00 3 5 8 1 9 . 3 0 ill,000.00 3 5,000.00 li),000.00 1 2 ,000.00 .2 6 ,8 1 3 .9 0 1 ,500.00 18 ,000.06 1 7 ,900.00 3 5,000.00 18,000.00 *2 7 3 .5 5 3 .2 0 C. IMPROVEMENTS OTHER THAN BUILDINGS Streets & Sidewalks Lighting System Heating System Marble Memorial Fountain Swimming Pool TOTAL IMPROVEMENTS $ 2,000.00 1 ,600.00 9 7 ,500.00 1 ,000.00 2,800.00 $10l+,900,00 $ 3 ,0 71.27 $ 3 ,071.^7 *3 .0 7 1.2 7 $3 ,0 71.2 7 $ 2 ,000.00 1 ,600.00 9 7 ,500.00 1 ,000.00 2,800.00 $10i|,900.00 D. EQUIPMENT Administrative Offices Plant Operations Library Instruction Dormitories Dining Hall Gymnasium Farm Co-op TOTAL EQUIPMENT 1 3 .675.87 $ 1 ,2 3 3 .12 7 ,667.52 3 10 .3 1 18,9 6 1 .1+3 1,1)00.00 58,1*9 5 .91* 7 1 2 .5U ll,l+l+l+.56 6 ,586.33 9 ,1+05.96 2 .U6U.5 5 1+,519.20 U,216.00 1 ,177.00 2,159 .52 79.80 $ 9 7 ,507.00 $1 7 ,002.65 $1 ,8 3 1.3 1 $1 ,8 3 1.3 1 $ l+,908.99 7,977.83 20,3 6 1 .1)3 39,208.1+8 16 ,199 .58 1 1 ,870.51 8,7 3 5 .2 0 1 ,177.0 0 2 ,2 3 9 .3 2 $1 1 2 ,678.3]+ TOTAL $52 1,807.00 $2 7 ,7 0 7 .12 $U,902.58 $5W+,611.51+ -194- ABRAHAM BALDWIN AGRICULTURAL COLLEGE FINANCIAL REPORT FOR THE YEAR ENDING JUNE 30, I95O Abraham Baldwin Agricultural College Tifton, Georgia I -195- / I. CURRENT FUNDS A. GENERAL Cash in Bank Accounts Receivable Inventories (Org. Act.) TOTAL GENERAL FUNDS B. AUXILIARY Cash in Bank Imprest Cash Accounts Receivable Inventories (Store) TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS II. AGENCY FUNDS Cash in Bank TOTAL AGENCY FUNDS III. LOAN FUNDS Cash in Bank Notes Receivable TOTAL LOAN FUNDS IV. PLANT FUNDS A. UNEXPENDED Cash in Bank B. EXPENDED Land and Improvements Buildings Equipment TOTAL EXPENDED TOTAL PLANT FUNDS TOTAL ASSETS BALANCE SHEET June 30 1950 ASSETS $ 5 /1 0 5 .15 711.30 10,157.55 I 15,971.80 $ 10, 889.13 680.00 73i4.oi+ 6,793.71 $ 19 ,096.88 $ 3 5 ,068.68 I 186.05 186.05 $ 788.1+8 1,368.35 $ 2 ,156.83 $ 12,1+21.00 $1 1 1 ,2 5 0 .11 1+98,239.05 197,019.92 $806,509.08 $818,930.08 $856,31+1 .61+ -196- BALANCE SHEET June 30 1950 LIABILITIES I. CURRENT FUNDS A. GENERAL Purchase Orders Outstanding Inventories Reserve Unearned Income General Surplus TOTAL GENERAL FUNDS $ 712.1+U 10,157.35 1 , 163. 31+ 3,938.67 $ 15,971.80 B. AUXILIARY Purchase Orders Outstanding Inventories Reserve Unearned Income Surplus TOTAL AUXILIARY FUNDS TOTAL CURRENT FUNDS I 913 .1+2 6,793.71 I+, 6L4JL1.. 50 6,7U5.25 $ 19 ,096.88 $ 3 5,068.68 I I . AGENCY FUNDS Fund B alance TOTAL AGENCY FUNDS $ 186.05 t 186.05 III* LOAN FUNDS Fund Balanoe I 2,156.83 TOTAL LOAN FUNDS * 2 ,156.83 IV. PLANT FUNDS A. UNEXPENDED Fund Balance $ 12,1+21.00 B. EXPENDED Invested in Plant , 806 509.08 TOTAL PLANT FUNDS $8 1 8 ,9 3 0 . 0 8 $856,31+1.61+ -107 STATEMENT OF CURRENT INCOME For Year Ended June 30 1950 EDUCATIONAL AND GENERAL STUDENT FEES Non-resident Tuition Matriculation Summer School Other Fees Clinical Fee8 TOTAL STUDENT FEES General Income Restricted Income Total Income $ 12.02U.79 3U,058.60 6,787.53 961.50 1.U97.90 * 55.350.32 $ 12.02U.79 3U,058.60 6,787-53 961.50 l,U97-90 $ 55,330.32 PUBLIC APPROPRIATIONS State of Georgia Regular Operations Vocational Rmds TOTAL PUBLIC APPROPRIATIONS $ 88,120.00 $ 88,120.00 $17,666.11 17,666.11 $ 88,120.00 $17,666.11 1105,786.11 SALES & SERVICES Farm Poultry Processing Plant TOTAL SALES & SERVICES $ 6,252.20 6,070.02 20,851.26 $ 33173.U8 $ 6,252.20 6,070.02 20,851.26 * 33.173.1*8 OTHER SOURCES Rents from property Miscellaneous Insurance - Tift Hall (Windstorm) TOTAL OTHER SOURCES $ 780.00 585.oU 320.uu $ 1.685.U8 $ 780.00 585.0U 320 .uu "$ 1,685.1+8 TOTAL EDUCATIONAL AND GENERAL INCOME 1178,309.28 $17,666.11 $195,975.39 AUXILIARY INCOME BOOKSTORE DINING HALL $ 20,82U.85 $ 9k,130.72 $ 20.82U.85 $ 9U,130.72 DORMITORIES Lewis Hall Herring Hall Weltner Hall Lakeside Northside Breakage & Reservation Fees TOTAL DORMITORIES VETERANS APARTMENTS | U,62U.25 6,521.27 7.16U.23 1.395.00 1.005.00 l,U86*Uo $ 22,196.15 t 6,139.39 $ U,62U.25 6,521.27 7,l6U.23 1.395.00 1.005.00 1.U86.U0 $ 22,196.15 t 6,139.39 TOTAL AUXILIARY INCOME TOTAL CURRENT INCOME #iU3,2 9 1 .1 1 #1U3,291.11 #321,600.39 $17,666.11 #339,266.50 -198' STATEMENT OF CURRENT EXPENDITURES Year Ended June 30, 1950 A. EDUCATIONAL A GENERAL ADMINISTRATIVE A GENERAL Dean1* Office Business Office General Presidents Offioe Registrars Offioe TOTAL ADMIN. A GEN. Object Classification Fund Classification Salaries Operating Supplies General Restricted A Wages A Expense Equipment T------------------------------------ ------------ $ 3 *900.00 8 ,5 5 0 .0 0 5. & 7.6 0 7,1+57.78 2,715.00 $ 28,170 .38 $ 3 ,900.00 8,55O.OO 362.ll $ 7,1+57.78 2,715.00 $ 22,981+.89 $ i+,7 9 .2 6 $ +,76 9 .26 $ I+I6 .2 3 I+I6 .2 3 STUDENT WELFARE Dean of Men $ 300.00 Dean of Women 2,210.00 Health Service 1,1+88.20 TOTAL STUDENT WELFARE $ 3,998.20 $ 3OO.OO 2,210.00 1 ,2 15 .5 0 $ $ 3,725.50 $ 272.70 272.70 PHYSICAL PLANT 1 26,1+76.1+3 $ 10,7 6 5 .3 1 $ li+,6 1 7 .2I+ $1 ,093.88 LIBRARY 1 5,83!+.12 $ 1+,700.81+ $ 585.19 $ 5I+8.O9 INSTRUCTION Agriculture Teaching Short Courses Arts Home Economics Physical Education Science Summer School TOTAL INSTRUCTION $ 20,075.00 +,793.15 11,81+1.91+ 7,71+6.69 l+,30l+.7i+ 11,581.08 6 ,9 10 .50 * 7 .2 5 5 .10 $ 19,695.10 $ 3,027.31+ ll,+2+.85 6 ,1+9 8 .6 0 2,1+1+9.35 11,117.96 6,910.50 $" 61,123.70 $ 3 7 9 .9O 1,765.81 I+I7 .O9 9I+I.87 $ 1,1+21.93 I+5I.92 5,378.52 $ 306.22 1+33.1+6 11.20 750.88 ORGANIZED ACTIVITIES Farm Poultry Processing Plant TOTAL ORGANIZED ACT. $ 8,879*1+1+ 7.28J.37 18,1+36.76 $ 3I+,599.57 $ 3 ,85l+.02 $ l+,900j+2 $ 12 5 .OO 1 ,028.75 6 ,25!+.62 1,333.67 16,978.39 I2I+.7 O $ 6,2 16 .1+1+$ 28,133.1+3 $ 21+9.70 VOCATIONAL EDUCATION TOTAL EDUC; A GEN. EXP. $1 7 ,6 6 6 .11 $ 12 ,9 5 8 ,2 1 $ i+,70 7.90 $166,331.80 $1 7 ,666.1 1 .$122,1+71+.89 $ 58,l+61+.2i+ $3 ,058.78 NON-EXPENSE Transfer Plant Funds TOTAL EDUC. A GEN. DISB. $ 9,858.03 $1 7 6 ,18 9 .8 3 B. AUXILIARY ENTERPRISE BOOKSTORE DINING HALL $ 18,871.51 $ 92,l+l!+.30 $ 1,71+6.88 $17,087.09 $ 3 7 .5I+ $ 18,120.08 $ 72,317.89 $1,976.33 199- AUXILIARY EXPENDITURES (Continued) DORMITORIES Lewis Hall Herring Hall Weltner Hall Lakeside Northside TOTAL DORMITORIES VETERAN HOUSING RENOVATIONS TOTAL AUXILIARY EXPEND. NON-EXPENSE Transfer to Plant Funds TOTAL AUXILIARY DISB. TOTAL CURRENT EXPENDITURES Fund Classification General Restricted O bject C la s s ific a tio n Operating Salaries Supplies <& Wages & Expense Equipment $ 1+,1+79.1+1 1[,586.9U 6,362.89 1,557.76 1,239.95 $ 18,226.95 $ U,986.51 $ 8,1+82.21+ $11+2,981.51 $ 1,177.3U $ 3,08l+.99 $ 217.08 1,122.90 339l+.3 69.70 2,69)+. 52 3,141+9.58 218.79 597.08 873.00 87.68 1+73.75 563.85 202.35 $ 6,065.59 $ 11,365.76 $ 795.60 $ 671.10 $ 1+,215.27 $ 100.ll+ $ 91I+.I5 $ 7,117.07 $ 1+51.02 $ 27,517.80 $112,103.08 $3,360.63 $ 3,821.00 $11+6,802.51 $309,313.31 $17,666.11 $11+9,992.^9 $170,567.32 $6,1+19.1+1 STATEMENT OF TRUST FUND BALANCES Year Ended June 30 1950 BALANCE OF PRINCIPAL, BEGINNING OF YEAR ADDITIONS* Gifts from Private Sources Interest on Notes Receivable BALANCE OF PRINCIPAL, END OF YEAR Loan Funds $1,800.00 325*00 3183 $2,136,83 LOAN FUNDS Ruth F. Wright Harry F. Kulbersh Susie T. Moore TOTAL TRUST FUNDS STATEMENT OF TRUST FUND BALANCES BY FUND F o r Y ear Ended June 30, I95O Fund Balance Beginning Of Year Additions Fund Balan< End of Deductions Year $ 5OO.OO $ 3OO.OO 1 ,000.00 31.83 3 2 5 .OO $ 531.83 6 25.OO 1 ,000.00 $ 1,800.00 $ 356.83 $2 ,156.83 - 200- STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30 1950 CURRENT FUNDS G eneral A uxiliaryR estricted TOTAL CURRENT FUNDS AGENCY KINDS LOAN FUNDS PLANT FUNDS TOTAL Cash Balance Receipts Disbursements Cash Balance July 1, I9I+9 for Year For Year June 30, I95O 2,983.70 15,080.55 $1 8 ,061+.23 $178,309.28 li+3,291.11 1 7 ,6 6 6 .11 $339,266.50 $176,189.83 11+6,802.51 17,666.11 $31+0,658.1+5 $ 5,103.15 11,569.13 $16,672.28 $ 20.70 $ 12,21+2.09 $ 1 2 ,076.71+ $ 186.05 $ 1 ,336.00 $ 877.99 $ 1,1+25.51 $ 78 8.1+8 $ 2,61+2.55 $ 17,679.03 $ 7,900.58 $12 ,1+21.0 0 $22,063.1+8 $370,065.61 $362,061.28 $30,0 67.81 BANK BALANCE The Farmers Bank of Tifton $ 30,067 81 Student Activities Tabac Coca-Cola Machines TOTAL STATEMENT OF AGENCY FUNDS F o r Y ear Ended Ju n e 30, 1950 Cash Balance Receipts Disbursements Cash Balanoc July 1, I9I+9 For Year For Year June 30, 195C $ 20.11 $ 5,301.00 $ 5,168.76 $ 15 2 .3 5 3,62i+.03 3,618.26 5.77 .59 3,317.06 3,289.72 27.93 $ 20.70 $ 12 ,21+2.09 $ 12,076.71+ $ 186.05 STATEMENT OF UNEXPENDED PLANT FUNDS Year Ended June 30, 1950 BALANCE, BEGINNING OF YEAR ADDITIONS: Governmental - State of Georgia Transfers From General Funds From Auxiliary Funds TOTAL ADDITIONS DEDUCTIONS: Expended for Plant Additions Buildings Tift Hall Poultry Plant Funds for Plant Additions $ 2,61+2.55 $ l+,000.00 9,858.03 3,821.00 $1 7 ,679.03 $ 789.05 5,723.29 -201- DEDUCTIONS (Continued) Other Improvements Water System Lighting System Fences Equipment Poultry Plant TOTAL DEDUCTIONS BALANCE END OF YEAR Funds fo r P lan t A dditions $ 5 13 .6O 6O.OO 100.00 7,900.58 $12,1+21.00 SUMMARY OF INVESTMENT IN PLANT As of June 30 1950 VAUJE OF PLANT, JULY 1, 19*49 ADDITIONS DURING YEAR Expended from Plant Funds Expended from Educational end General Funds and included in Current Expenditures Expended from Auxiliary Funds and included in Current Expenditures Gifts of Plant Assets Adjustments for Prior Years Buildings Equipment VALUE OF PLANT, PLUS ADDITIONS, JULY 31, 19*49 DEDUCTIONS DURING YEAR Equipment Worn Out Equipment Adjustments for Prior Years INVESTMENT IN PLANT, June 30, 1950 $797,657.73 $ 7,900.58 3,058.78 3,360.63 l+,33i+.QO 1,01+1.71 15,760.14+ 35,1+56.11+ $833,113.87 $ 659.61 25,91+5.18 26,60l+.79 $8 0 6 ,5 0 9 .0 8 A . LAND Campus and Farm TOTAL LAND B. BUILDINGS Veteran Apartments (1+) Library Tift Hall (Adm.) Aud it or ium-Gymnasium Dining Hall Weltner Hall Herring Hall STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30 1950 Investm ent Year B eginning A cquired Of Year Additions I907 $ 10,000.00 $ 10,0 0 0.0 0 Investment End Deductions Of Year $ 10,000.00 $ 10,000.00 I9I+8 1938 I907 I938 1938 1936 I907 $ 1+0 , 000.00 10,000.00 59,180.19 $ 67,221.01+ 31,71+3.85 50,265.00 1+0 , 0 0 0 .0 0 - 202- 789.05 $ 1+0 , 000.00 10,000.00 59,969. 67,221. 31,71+3. 50,265. 1+0 , 000. 88F- BUILDINGS ( C o n tin u e d ) Lewis H a ll N orthside Home E conom ics P r e s i d e n t ' s Home Shop Number One Shop Number Two A griculture Old Reo H a ll (L akeside) Processing P lan t S to ra g e Log Cabin P o u ltry Houses Bam T e n a n t Number One T e n a n t Number Two TOTAL BUILDINGS Investm ent Year B eginning A cquired Of Year A dditions D eductions Investm ent End Of Year 1907 19l4 19U1 1915 1935 191*3 19U0 19i7 191+2 19U0 1937 19U1 I9UI 19U0 19l*3 $ h l t 896.00 10,187.50 15,000.00 n ,ii2 ii.a i 6,000.00 3opo.op 32,126.65 22,500.00 40,000.00 500.00 4,325.56 3,758.00 957.00 300.00 300.00 $1490,685.00 $ 6,722.00 43.00 $ 7,5514.05 $ 41,896.00 10,187.50 15,000.00 11,4214.21 6,000.00 3,000.00 32,126.65 22,500.00 40,000.00 500.00 U,325.56 10,1480.00 1,000.00 300.00 300.00 $"498,239.05 C. OTHER IMPROVEMENTS H eatin g System W ater System E l e c t r i c a l System Sewage D isp o sal Campus B e ll System Pences TOTAL IMPROVEMENTS I 9I+8 19U9 I9U9 19148 I9U9 19l*9 $ 76,756.314 14,370.76 1,983.50 12,690.91 275.00 1^96,076.51 $ 4,500.00 513.60 60.00 100.00 $ 5,173.60 $ 81,256.314 4,88)4.36 2,0)43.50 12,690.91 275.0 100.00 $101,250.11 D. EQUIPMENT T ift H all A dm inistrative Classroom s Scienoe Labs Log Cabin L ibrary Aud i t o r ium-Gymnas ium D ining H all W eltner H all H erring H all Lewis H a ll F urnishings Home M anagem ent A p a rtm e n t Home E conom ics B u ild in g V eteran A partm ents N orthside Shop B u ild in g Number One Shop B u ild in g Number Two A g ricu ltu re B uilding Old Rec H a ll (L a k e sid e ) P rocessing P lan t Storage B uilding P o u ltry Houses B arn P a m sind Campus A utom otive (T rucks, B uses, e t c . ) TOTAL EQUIPMENT TOTAL INVESTMENT IN PLANT $ 5,190.75 $ 688.50 859.00 7,072.25 103.82 . 1,033.00 5142.00 33,193.25 5148.09 25.871*. 50 15,317.00 5,852.00 3,961.00 433.1+6 2,1427.35 218.79 $ 218.79 I430.OO 3,627.00 2,267.85 217.08 13.96 2142.08 5,136.16 6,000.00 1,14140.50 9ll*.35 100.114 36.35 100:114 98.60 19,371.145 2,6914.140 4,580.00 6,653.00 3,387.00 3,906.30 5,323.00 7,1481.25 87.68 2,1463.68 495.00 5,500.00 951.78 8hh28 1,751.00 71I4.6I4 338.1*2 409.70 19,1433.20 17,200.00 1,093.88 18,892.08 2,500.00 $200,896.22 $22,728.149 $26,604.79 1797.657.73 $35,1456.114 $26,6ol4.79 -203- $ 5,879.25 859.00 7,176.07 1,575.00 33,7141.3)4 26,307.96 17,714)4.35 5,852.00 4,391.00 3,602.00 2,281.81 6,050.51 6,000.00 1,378.25 22,065.85 11,233.00 7,293.30 2,9147.00 7,976.25 3,7149.00 1,328.00 1,253.98 1 . 6 ^ r . oq 114,700.00 $197,019.92 $806,509.08 GEORGIA EXPERIMENT STATION FINANCIAL REPORT FOR THE YEAR ENDING JONE 30, 1950 Georgia Experiment Station Experiment, Georgia - 205- BALANCE SHEET June 30 1950 ASSETS I. CURRENT FUNDS A. GENERAL Cash in Bank Aoeounts Receivable TOTAL GENERAL FUNDS $ 12,737.31+ 2,297.08 $ 15.031+.1+2 B. RESTRICTED Cash in Bank Accounts Receivable TOTAL RESTRICTED FUNDS , TOTAL CURRENT FUNDS II. PLANT FUNDS A. UNEXPENDED Cash in Bank TOTAL UNEXPENDED $ 78,702.97 2 ,906.09 I 8 1 ,609.06 $ 96,61+3.1+8 $ 7 .700.00 * 7.700,00 B. EXPENDED Land Buildings Equipment TOTAL EXPENDED TOTAL PLANT FUNDS TOTAL ASSETS $235.1+67.1+0 31U,355.00 1+17,982.87 $967.805.27 $ 975.505*27 $1,072,11+8.75 LIABILITIES I. CURRENT FUNDS A. GENERAL Accounts Payable Purchase Orders Outstanding Surplus TOTAL GENERAL FUNDS B. RESTRICTED Fund Balance TOTAL RESTRICTED FUNDS TOTAL CURRENT FUNDS II. PLANT FUNDS A. UNEXPENDED Fund Balance TOTAL UNEXPENDED B. EXPENDED Investment in Plant TOTAL EXPENDED TOTAL PLANT FUNDS TOTAL LIABILITIES & SURPLUS $ 1+61.67 3,2lU.85 11,357.90 --------- $ 1 5 ,03!+.1+2 $ 81, 609.06 ----------- $ 81, 609,06 $ 96,61+3.1+8 $ 7 , 700.00 ' $ 7, 700.00 $967,805.27 --------- $967,805.27 $ 975,505.27 -206 $1,072,11+8.75 STATEMENT OP CURRENT INCOME For Year Ended June 30# 1950 PUBLIC APPROPRIATIONS State of Georgia Regular Operations United States Hatch Purnell Bankhe ad- J one s Research & Marketing Regional Research Title II Fund TOTAL PUBLIC APPROPRIATIONS GIFTS AND GRANTS Anonymous Contribution Georgia Canners Association Georgia Power Company International Mineral 500.00 5,500.00 6 ,8 2 5 .0 0 6 ,825.00 237,005.00 $ 3 ,1+6 2.1+0 1 5 ,000.00 235,1+6 7 .1+0 B. BUILDINGS F ly n t I929 Auditorium S o il Laboratory N utrition Laboratory 19I4.O Old H o rtic u ltu re B u ild in g New H o r t ic u ltu r e B u ild in g I9I48 D airy Building 191+0 Cow T e s tin g B u ild in g C a ttle Sleeping Barn C a ttle S le ep in g Barn Swine Barn P o ta to S to ra g e House S lau gh ter House U t i l i t y Bern Agronomy Greenhouse Chem istry & H o rtic u ltu re Greenhouse Botany Greenhouse Jftid B u ild in g General Storage Building Mule Barn F e r t ilis e r A Seed Barn I9I+I Maohine Shed & Tool Shop M achinery Shed $ 23,UaUU8 32, 920.78 SUMMARY OF INVESTMENT IN PLANT As o f June 30, 1950 VALUE OF PLANT, JULY 1 , 191+9 ADDITIONS DURING YEAR Expended from P la n t Finds Expended from E d u catio n al and G eneral Funds and in clu d ed in C urrent E xpenditures A djustm ents fo r P revious Years TOTAL ADDITIONS VALUE OF PLANT, PLUS ADDITIONS DEDUCTIONS DURING YEAR B u ild in g s Dem olished A djustm ents fo r P rio r Years TOTAL DEDUCTIONS INVESTMENT IN PLANT, JUNE 3 0 , 1950 I670.566.9i $23,l+8l+,ii8 J |J. 1 gg pi ------| 0 ,Q l3 . i 3 $ 7 1 9 ,5 8 2 .OU I 375*00 3 8 2 .7 6 t 757*76 I718.82U.28 STATEMENT OF INVESTMENT IN PLANT Year Ended June 30, 1950 ND C o astal P la in Experim ent S ta tio n 206.22 A O rig in a l T ract 62.97 A T if t # 1 T ract 61.60 A T ift $ 2 T ract 109*50 A Henry T if t T ract 56.77 A M itch ell T ract 2ll+*70 A C hoate T ra c t l65*00 A C ollege T raot 552*90 A .Carson T ract 2.25 A T ifto n R ealty T ract 1*00 A Fiilwood T ra c t Year A cquired I 919 1925 1932 1935 1935 1936 1937 1937 1937 1937 -217 Investm ent B eg in n in g Of Year A dditions D ed u o tio n s Investm ent End Of Year $ 20, 622.00 6,297*00 6, I 60.OO 1 0 ,9 5 0 .0 0 5 .6 7 7 .0 0 1 0 ,7 3 5 .0 0 16, 500.00 3 6 ,3 9 5 .0 0 225.00 300.00 $ 20, 622.00 6. 297.00 6. 160.00 10. 950.00 5 .6 7 7 .0 0 1 0 .7 3 5 .0 0 16 . 500.00 3 6 .3 9 5 .0 0 225.00 300.00 LAND ( C o n tin u e d ) 67*00 A Cook County T ra c t 28*13 A Grimes T ra c t 4.62 A S a u n d e rs T r a c t l425*08 A D e c a tu r Co. T r a c t Ul.8O.i4O A A lap ah a T r a c t 147*00 A A la p a h a T r a c t 53*50 A A lapaha T ra c t 1223.30 A A lapaha T ra c t 5lU*00 A C a rp e n te r T ra c t 5275.92 A T o ta l Land B. BUILDINGS R esearch B uilding E xtension B uilding G reenhouse Greenhou se Feed Sample House E n g in eer' s shop W eather Bureau house S uperinten d en t's dw elling Farm m achine shed Nematology shop Car shed Main b a rn H o rticu ltu re barn Em ployees' c o tta g e s , 6 @ 2,000 Gin and seedhouse P otato curing house Tobaoco packhouse Tobaoco f e r t i l i z e r house Tobacco curing barn Tobacco curing barn Tobacco c u rin g barn Tobaoco cu rin g barn Tobaoco cu rin g b arn , t i l e E m ployee's c o tta g e Tobacco packhouse Em ployee's o o tta g e S oils laboratory E m ployee's c o tta g e Employee *s c o tta g e H o r tic u ltu r e main b arn E m ployee's c o tta g e Grass b reed in g barn Pump h o u s e G arage Agronomy s to ra g e b a rn Shed and sto ra g e b arn Em ployees' c o tta g e s , 2 @ 2,000 Agronomy b a r n s , 3 @ 4,000 Forage & P astu res sto rag e barn F e rtiliz e r build in g E m ployee's o o tta g e E m ployee's c o tta g e Tobacco Curing barn Year A cquired Investm ent B eg in n in g Of Year A dditions 1938 19U0 19i*0 1939 19hl 1941 I 9U I I9kl 19U1 $ 2, 675.00 5. 626.00 1 . 600.00 10, 626.50 lU ,80l4.00 1 . 175.00 567.75 1 2 , 814^.65 17,895*50 1 18 1 , 675.140 ~ Investm ent D ed u ct- End io n s Of Year $ 2 , 675.00 5 . 626.00 1 . 600.00 10. 626.50 lU , 8014.00 1 . 175.00 567.75 12, 81414.65 1 7 .8 9 5 .5 0 $181,675,140 1937 1922 19U9 # 60, 000.00 l46. 50O.OO u,000.00 15 , 337.00 200.00 1 , 000.00 100.00 4, 000.00 1 , 000.00 750.00 1 , 600.00 6, 000.00 500.00 12, 000.00 7 , 650.00 3, 000.00 3, 1400.00 850.00 200.00 300.00 333.00 300.00 500.00 1 , 500.00 300.00 800.00 1 ,8 0 0 .0 0 600.00 500.00 4, 000.00 400.00 400.00 50.00 Uoo.oo 1 , 000.00 2, 000.00 4, 000.00 12, 000.00 200.00 1 , 000.00 550.00 1 , 500.00 300.00 -218- $ 60, 000.00 46, 500.00 4, 000.00 1 5 ,3 3 7 .0 0 200.00 1 , 000.00 100.00 4, 000.00 1 , 000.00 750.00 1 , 600.00 6 , 000.00 500.00 12, 000.00 7 , 650.00 3, 000.00 3,Uoo.oo 850.00 200.00 300.00 333.00 300.00 500.00 1 , 500.00 300.00 800.00 1 , 800.00 600.00 500.00 4, 000.00 400.00 400.00 50.00 400.00 1 , 000.00 2 , 000.00 4, 000.00 12, 000.00 200.00 1 , 000.00 550.00 1 , 500.00 300.00 Year A cquired BUILDINGS ( C o n tin u e d ) E m ployees co ttag e Em ployee' s c o tta g e Em ployee's c o tta g e Em ployee' s c o tta g e Employee' s o o tta g e Em ployee' s c o tta g e D airy Barn B reeding bam B ull shed B ull shed S uperintendent' s cottage Em ployee' s c o tta g e Em ployee^' c o tta g e s , 2 @ 2,000 Em ployee' s c o tta g e Animal B us. h o rse & m ule b arn Animal B us. m achine shed Animal B us. corn c r ib Animal B us. shop Anim al B u s. cow b a rn Anim al Bus# feed A m ill house A nim al Bus# cow b a rn Animal B us. sto ra g e b arn Em ployee' s c o tta g e Em ployee' s c o tta g e Storage barn Em ployee' s o o tta g e Em ployee' s c o tta g e Storage barn Employee' s c o tta g e Garage and b arn Storage barn Mule and s to ra g e b a rn Cow and s t o r a g e b a r n Em ployee' s o o tta g e Tool house and shop Syrup house COOK COUNTY TRACT Em ployee' s c o tta g e Barn Shed DECATUR COUNTY TRACT O ffice and tobacco sto rag e b u ild in g Tool and f e r t i l i z e r barn G eneral purpose barn T obacco c u r i n g b a r n l+O* x 60* T obaoco c u r in g b a r n I4.O* x 1 2 0 ' T obacco o u rin g b a r n I4O' z 120' D w elling house Em ployee' s c o tta g e Em ployees' c o tta g e s , 3 250 Em ployees' c o tta g e s , 3 @ 200 M achine shed Investm ent B eginning Of Year A dditions $ 2,800.00 2,800.00 3,000.00 350.00 200.00 300.00 27,500.00 i+oo.oo 200.00 200.00 U,000.00 U00.00 h, 000.00 2,800.00 8,000.00 1,000.00 1,000.00 200.00 2,000.00 2,800.00 3,000.00 300.00 U00.00 1,000.00 200.00 200.00 2,000.00 100.00 3,300.00 100.00 500.00 500.00 1,200.00 2,500.00 100.00 100.00 2,500.00 U00.00 100.00 6,000.00 300.00 U,000.00 1,500.00 3,000.00 Ipj 3,000.00 2,300.00 300.00 750.00 600.00 1,000.00 Investm ent D educt End io n s Of Year $ 2,800.00 2,800.00 3,000.00 350.00 200.00 300.00 27,500.00 U00.00 200.00 200.00 U,000.00 i+oo.oo U,000.00 2,800.00 8,000.00 1,000.00 1,000.00 200.00 2,000.00 2,800.00 3,000.00 300.00 U00.00 1,000.00 200.00 200.00 2,000.00 100.00 3,300.00 100.00 500.00 500.00 1,200.00 2,500.00 100.00 100.00 2,500.00 U00.00 100.00 6,000.00 300.00 U, 000.00 1,500.00 3,000.00 3,000.00 2,300.00 300.00 750.00 600.00 1,000.00 -219. Year A cquired BUILDINGS ( C o n tin u e d ) BERRIEN COUNTY TRACT Main d w e llin g Employee*s c o tta g e Commissary b u ild in g B arn Barn and shed Sheds, 2 @ 300 Em ployee' s c o tta g e Em ployee' s c o tta g e M iscellaneous hog houses, h o tb ed s, shade houses, in se c ta rie s TOTAL BUILDINGS Animal D isease L ab o rato ry (under c o n s tru c tio n ) TOTAL BUILDINGS C. EQUIPMENT A d m in istra tiv e and G eneral P hysical P lan t L ibrary R esearch TOTAL EQUIPMENT TOTAL INVESTMENT IN PLANT Investm ent B eg in n in g Of Year A d d itio n s Investm ent D educt- End io n s Of Year $ 3,500.00 1, 000.00 1*0 0 .0 0 500.00 Uoo.oo 600.00 1+00.00 2 ,000.00 I 3,500.00 1, 000.00 1+00.00 500.00 l+oo.oo 600.00 ,1*0 0 .0 0 2 000.00 3,003.00 $319,823.00 $375.00 2, 628.00 $375.00 "1319,1*1+8.00 $23,l+8l+.l+8 $ 23l+8l+.1+8 $319,823.00 $23,l*!8l+:i+8 $375.00 $31+2,952.1*8 $ 7,102.13 $ 152.92 $223.92 $ 7,031.13 1,873.00 926.50 2,799.50 6,092.50 1,490.56 7,583.06 15l*,000.88 22,960.67 158.81+ 176,802.71 $169,068.51 $25,530.65 $382.76 $19l+,216.1+0 $670,566.91 $1+9,015.13 $757.76 $718,821+.28 - 220- AGRICULTURAL EXTENSION SERVICE FINANCIAL REPORT FOR THE YEAR ENDING JUNE 3 0 , 1950 A g ric u ltu ra l E xtension S ervice A th en s, G eorgia - 221- D r. 0 . C. A derhold, P resid en t The U n iv e rs ity o f G eorgia Athens G eorgia D ear P re s id e n t A derhold* I am s u b m i t t i n g h e r e w ith my a n n u a l r e p o r t a s T r e a s u r e r o f The U n iv e rsity o f G eorgia A g ric u ltu ra l E x ten sio n S e rv ic e , A thens, G e o rg ia , f o r th e f i s c a l y e a r e n d in g June 30 1950. T h is r e p o r t con s i s t s o f th e fo llo w in g Schedules* B alance Sheet S ta te m e n t o f E d u c a tio n a l and G eneral Income Statem ent o f E ducational and G eneral Expense Statem ent o f O perations o f R e stric te d Funds Statem ent o f Agency Funds S tatem en t o f Changes in Cash B alan ces Schedule A Schedule B Schedule C Schedule D Schedule E Schedule F R esp ectfu lly subm itted, / s / J . D . BOLTON J . D. B o lto n T reasurer D ated a t A thens, G eorgia December 6 , 1950 SCOPE COMMENTS - T h is rP>J*t i s b a s e d on a c t u a l c a sh r e c e i p t s and d i s b u r s e m e n ts , e x c e p t t h e b a la n c e sh e e t , in w hich a l l known a s s e ts and l i a b i l i t i e s a re in c lu d e d . County funds expended a re not in clu d ed in th e s c h e d u le s, s in c e th e y w ere a c tu a lly d i s bursed by th e various co u n ties. / GENERAL The fo llo w in g summary i s a com parison o f income and p e rc e n ta g e o f income to t o t a l f o r tn ree y ears. SOURCE S ta te of G eorgia S ta te D ept, o f E ducation C larke County F ederal Funds G ifts and G rants O ther TOTAL 191+7 - 14.8 Amount P e r c e n t I 9I+8-I+9 Amount P e rc e n t I 9I4.9-50 Amount P e rc e n t # 1+1+1,000 1+10 l+,295 1 , 062,512 1+6,932 65 28.36 .02 .2 8 68.32 3.02 # 1+81,000 i+,120 1 , 165,628 5 2 ,6 3 8 29l+ 28.23 # l+l+i+,000 .21+ 68. 1+2 3 .0 9 .02 l +,320 1 , 219,618 53,067 2ll+ 2 5 .8 0 .2 5 70.86 3 .0 8 .01 #1,555,211+ 100.00 # 1 ,7 0 3 ,6 8 0 100.00 # 1, 721,219 100.00 A com parison o f expense, by o b je c ts o f e x p e n d itu re s is p re se n te d below in am ounts and p e rc e n ta g e s . OBJECT S a la r ie s and Wages T rav el O perating Supplies k Exp. E quipm ent TOTAL #1,2146,1+73 21+1,183 61+.273 7 ,3 9 0 . 7 9 . 9I+ 15.1+7 1+.12 . 1+7 # 1 ,3 3 3 ,0 1 7 28l+,1+1+0 52,213 8,657 79.1+2 I 6.95 3 .1 1 .52 # 1 ,3 1 6 ,8 2 7 305,126 118,120 9,868 7 5 .2 5 17.1+1+ 6 .7 5 .56 # 1 ,5 5 9 ,3 1 9 1 0 0 .0 0 # 1 ,6 7 8 ,3 2 7 1 0 0 .0 0 #1,71+9,91+1 1 0 0 .0 0 V ario u s c o u n tie s o f th e S ta te expended #1+70,508.31 w hich was d is b u rs e d by th e c o u n tie s in c o o p e ra tio n w ith th e A g r ic u ltu r a l E x ten sio n S e rv ic e , and o f t h i s amount # 2 5 9 .7 9 7 .7 8 was used as o ffs e t ag ain st F ederal Funds. r n y f t v was .. i ll0w ing,,is a stateinent by p ro je c ts o f a l l expenditures disbursed by both th e A erie- Ef fcn " on Se^ T1 nd t h v a r io u s c o u n t i e s . T h is s ta te m e n t a l s o i n d i o a t e s t h e am ount o f F e d e ra l Funds u se d . S ta te and County funds used f o r o f f s e t and funds n o t used f o r o f f s e t by each p roject* * No. P roject 1 A dm inistration 2 P ublications 3 County A gents Work (W hite) 1+ Home Dem. Work (W h ite ) 1+a Home Im provem ent 1+b N u t r i t i o n 1+c T e x t i l e s and C l o t h i n g F ed eral Funds # 22,591.83 5 0 ,8 6 5 .0 0 6 2 2 ,2 8 9 .5 3 2 0 1 ,3 0 9 .7 5 3,657.61+ 7 ,1 9 5 .3 8 1 ,7 9 9 .7 2 -223- O ff Set Funds # 3,007.1+8 1+2,191.77 270,1+71.23 251, 182.86 2 ,2 9 3 .3 6 3 ,5 6 2 .1 3 1,51+9.91 Funds Not Used as O ff Set # 1+23.75 9 7 8 .3 6 131,6914.23 8 9 ,0 7 0 .5 9 I I .96 T otal E xpenditures # 26, 023.06 9k, 035.13 l , 02l+,l+5L+.99 5U l,563.20 5 ,9 6 2 .9 6 1 0 ,7 5 7 .5 1 3,31+9.63 No. P rojeot i+d U t i l i s a t i o n i+e C h ild D evelopm ent i+f Home I n d u s t r i e s 1+g P ro g ram A n a ly s is 5 Negro C ounty A gents Work 5a N egro Home Dem. Work 6 1+-H C lub Work 7 Economics and M arketing 7a R esearch and M arketing 7b Consumer E ducation 7c G eorgia Eggs 8a Beef C a ttle and Sheep 8b D airying 80 P o u l t r y 8e Swine 9 Agronomy 10 H o rtic u ltu re 11 A g r i c u l t u r a l E n g in e e rin g 11a Farm H ousing 12 F o re stry ll+ S o i l C o n s e r v a tio n 17 R e c r e a tio n 18 W ild life C onservation 19 Bee C u ltu re TOTALS F ed eral Funds Off Set Funds Funds Not Used as Off Set T otal E xpenditures $ 7,288.1+9 $ 3, 666.68 3, 670.00 2 , 093.06 $ 10,955.17 5 ,7 6 3 .0 6 3,1+62.80 9 1 , 781+. 08 5U ,068.32 1 ,8 9 5 .9 8 $ 10,621+. 57 7 ,9 6 6 .7 6 1*7 8 .5 6 6O.OO 120.70 5 ,3 5 8 .7 8 1+7 8 .5 6 102, 1+68.65 62, 155.78 i+ 1 ,8 7 0 .8 2 1 5 ,3 9 0 .5 7 2 ,6 9 1 .5 1 59, 952.90 3 1 ,2 9 8 .9 3 3,l+2l+.67 2 ,3 3 1 .9 1 3 ,8 7 6 .1 2 ll+ ,6 9 2 .6 8 3,l+2l+.67 2 ,3 3 1 .9 1 3 ,8 7 6 .1 2 2+2.38 1+6, 233.99 6 , 81+9 . 3!+ 14, 663.82 7,752.21+ 3 ,7 7 1 .3 5 19, 21+6 .2 1 2, 769.18 5, 215.00 6.95 2, 902.05 6,51+7.1+8 2 7 ,3 6 3 .2 6 9 ,2 8 0 .5 9 11, 233.90 13.511* .1*9 l+,561+.98 21,1+1+3.52 1 1 ,5 6 9 .7 8 2 ,7 ll+ .81 8, 006.36 3 ,6 9 8 .9 2 7 ,1 9 3 .5 8 9 5 8 .7 8 7 ,2 7 9 .7 9 36,733.1*6 16, 227. 1+8 ll+ ,6 2 1. 7I+ 3 ,7 5 8 .6 6 7,1+81.57 2 2 ,1 0 3 .3 1 3 ,7 5 8 .6 6 1,1+01+.58 1 ,5 5 6 .2 5 1+, 11+7.83 962.50 l,95l+ . 85 5 ,2 9 5 .0 2 2 ,2 6 8 .8 1 189.90 71.7U l,6 9 l+ .3 2 13.20 8 ,3 9 3 .9 2 1 , 556.25 6, 1+29. 8+ 1 , 152 . 1+0 2, 026.59 $ 1 , 251, 067.83 $ 6 8 2 ,^ 5 ^ .9 5 $2 3 8 ,^ .9 2 $ 2, 1 7 1 , 865.70 (1 ) Of t h i s amount $259 ,7 9 7 .7 8 was d is b u rs e d by th e v a rio u s c o u n tie s . (2 ) Of t h i s amount $210,710.53 was d isb u rse d by th e v a rio u s c o u n tie s . The above sch e d u le does n o t in c lu d e o th e r m is c e lla n e o u s funds w hich a r e a u x i l i a r y t o t h e main program . The fo llo w in g sta te m e n t shows th e o p e ra tio n o f funds t o be o f f s e t and th e m anner in w hich th e y were o ff s e t. T o ta l To be Off Set Non O ff Set FEDERAL FUNDS D isbursed by A g ric u ltu ra l Extension Service Smith-Lever & Bankhead-Jones B an k h e a d -F la n n a g in Capper-Ketcham A dditional Cooperative Farm Housing R esearch M arketing Rind $667 903.01 505,U 85.81 37. 85i4.95 26,1432.70 3 ,7 5 8 .6 6 9 ,6 5 2 .7 0 $ll+ 6 ,817 J+9 505.l485. 8l 17,8514.95 9 ,6 3 2 .7 0 5 2 1 ,0 8 5 .5 2 20,000.00 26,1+32.70 3 .7 5 8 .6 6 TOTAL DISBURSED BY AGRIC. EXT. SERVICE$1 , 25 1, 067.83 $679, 790.95 $ 57 1, 276.88 D isbursed by F ed eral Government N orris-D o x ey C larke-M cN ary $ 846.OO $ 81+6.00 ______ 1 ,6 2 0 .0 0 ______1 ,6 2 0 .0 0 TOTAL DISBURSED BY FEDERAL GOVERNMENT $ 2,1+66.00 $ 2,1+66.00________ _________ TOTAL FEDERAL FUNDS $1,253,533.83 $682,256.95 $ 571,276,88 -224 STATE AND COUNTY FUNDS Disbursed by A g ric u ltu ra l Extension Service S ta te Funds D isbursed by C ounties County Funds TOTAL STATE AND COUNTY FUNDS GENERAL T o tal To Be Off Set Non Off Set $ 432,955*49 $ 4 1 8 ,5 8 3 .0 5 $ 14 372.iji* _ 47 0 ,5 0 8 .3 1 259,797*78 2 10,710.53 903, 463.80 $ 6 7 8 ,3 8 0 .8 3 $ 225, 082.97 ^B u ild in g s and grounds a re c a rrie d as a s s e ts o f th e U n iv e r s ity o f G eo rg ia. T h erefo re no of^equipinent " l n 1Ud9d * " thl3 re p r t ' The Balat109 S h e e t t t e value -225- Schedule A I . CURRENT FUNDS A , GENERAL Cash in Bank TOTAL GENERAL FUNDS B. RESTRICTED Cash in Bank TOTAL RESTRICTED FUNDS TOTAL CURRENT FUNDS I I . AGENCY FUNDS Cash in Bank TOTAL AGENCY FUNDS I I I . PHYSICAL PLANT Equipm ent TOTAL PHYSICAL PLANT TOTAL ASSETS I . CURRENT FUNDS A . GENERAL S u rp lu s TOTAL GENERAL FUNDS B . RESTRICTED Fund B alan ces TOTAL RESTRICTED FUNDS TOTAL CURRENT FUNDS I I . AGENCY FUNDS Fund B alances TOTAL AGENCY FUNDS I I I . PHYSICAL PLANT Invested in P lan t TOTAL PHYSICAL PLANT TOTAL LIABILITIES AND SURPLUS BALANCE SHEET June 30 1950 ASSETS LIABILITIES $3l+, 199*1+0 $3^,199.1+0 $17,71+1*67 $17,71+1.67 $ 51,91+1.07 $2^,61+6.85 $ .2l+, 61+6.85 $ 7 9 ,1 8 8 .1 7 $ 79,186*17 $ 1 5 5 ,7 7 6 .0 9 , $3l+, 199*40 {3tt.199.U0 $17,71+1.67 {l7.7ltX .67 $ 51,91+1.07 $2l+,61+6.85 $ 2l+,61*6.85 $ 7 9 ,1 8 8 .1 7 $ 79,188.17 $ 1 5 5 ,7 7 6 .0 9 - 226- Schedule B STATEMENT OF CURRENT INCOME F o r Y ew Ended June 30 1950 A. EDUCATIONAL AND GENERAL PUBLIC APPROPRIATIONS S ta te o f G eorgia Regular O perations C larke County F or Non o f f s e t U nited S ta te s Sm ith-Lever C ap p er-K et oham B an k h ead -Jo n es Bankh e ad - F I a n n a g i n A dditio n al C ooperative R esearch and M arketing Farm H ousing F o re stry D ept, fo r N orris-D oxey TOTAL PUBLIC APPROPRIATIONS GIFTS AND GRANTS T.V .A . G eorgia Eggs, In c . U nion Bag & P a p e r Company Am erican T u rp en tin e Farm ers A ssn. C orp. Four-H Club Rind A m erican Cancer S o c ie ty , In c . C otton Producers A sso ciatio n Five - A cres C ontest TOTAL GIFTS AND GRANTS OTHER SOURCES M iscellaneous TOTAL FROM OTHER SOURCES TOTAL EDUCATIONAL AND GENERAL RECEIPTS G eneral Income $25,1+16.95 1+, 320.00 1 , 656.00 *31, 392.95 $ 2,072.1+3 2,1+75.00 1,1+92.55 9 6 .5 9 $ 6, 136.57 $ 213.60 $ 213.60 *37, 71*3 .1 2 R estricted Income T otal Incom e $ 1+ 18,583.05 $ 1+1+1+, 000.00 1+, 320.00 156,817.1+9 37.85U .95 510,91+5.87 1+70,635.56 26,1+32.70 1 1 ,2 7 5 .9 3 i+ ,0 0 0 .0 0 $ 1 , 636, 51+5.55 156, 817. 1+9 3 7 ,8 5 l+ .9 5 510,91+5.87 1+70 , 635.56 26, 1+32.70 1 1 .2 7 5 .9 3 l+ ,0 0 0 .0 0 1 , 656.00 $ 1 ,6 6 7 ,9 3 8 .5 0 $ 1+2,120.1+8 $ 1+2,120.1+8 l+ ,0 0 0 .0 0 1+, 000.00 300.00 300.00 5 0 9 .7 2 509.72 2,072.1+3 2,1+75.00 1,1+92.55 9 6 .5 9 $ 1+6,930.20 $ 5 3 ,0 6 6 .7 7 $ 213.60 $ 213.60 $1,683,1+75.75 $ 1 ,7 2 1 ,2 1 8 .8 7 STATEMENT OF CURRENT EXPENDITURES Y ear Ended Ju n e 30 1950 Schedule C O bject C la s s ific a tio n Fund C la s s if ic a tib n O perating S alaries S upplies A. EDUCATIONAL A GENERAL G eneral R e stric te d & Wages r s T ~ .r r , ----- .... & Expense Equipm ent r -- ^ ^ ==r EXTENSION S tate O ffset $ll+,372.!+l+ $ S tate N on-O ffset F ederal Sm ith-Lever 13,1+57.95 B an k h ead -F lan n ag in Cappe r - K e t ch am A d d itio n al C ooperative R esew oh & M arketing li-18,5 8 3 .0 5 6 6 7 ,9 0 3 .0 1 505,1485.81 37.85U .95 26,1432.70 9 ,6 3 2 .7 0 2 3 6 ,0 0 8 .5 0 $176,6814.89 $ 262.10 6 ,8 0 6 .0 2 $,141+6.79 205. 11+ 603,1456.58 5 9 ,6 2 9 .6 7 i+, 8I 6 .76 333,102.61 171,705.51 6 3 7 .6 9 37,8514.95 26, 1+32.70 7 , 895. 1!+ 1,21+9.31+ 1+87.72 -227- EXTENSION (C ontd) Farm Housing T.V.A. In d u s trie s T.V .A . 19U9-50 Movie C o nservation Georgia Eggs, In c . Fund C la s s if ic a tio n General R estricted O bject C la ssific a tio n O perating S alaries S u p p lie s & Wages & Expense Equipment $ 3,758.66 $ 3,121*98 $ 473.31 $ 160.37 1,999.92 1,999.92 U3.231.19 3,352.26 37,072.43 6,158.76 iait.93 2.937.53 3,876.12 3,033.03 482.26 360.83 TOTAL EDUC* * GENERAL EXPS. $27,830.39 $1,722,110.37 $1,316,826.86 $l3,24-5.96 $9,867.94 STATEMENT OF OPERATION OF RESTRICTED FUNDS F or Y ear E nding 77U*35 #586,079.68 243' STATEMENT OF CURRENT EXPENDITURES Year Ended June 30, 1950 EDUCATIONAL & GENERAL ADMINISTRATIVE A GENERAL A d m in is tra tiv e Dean B usiness O ffioe G eneral A dm inistration P re s id e n t's O ffice R e g is tra r's O ffice TOTAL ADMIN. & GEN. Fund C la s s if ic a tio n G eneral R estricted O bject C la ssific a tio n O perating S alaries S upplies 4 Wages A E xpense Equ ip m en t # 7,733*20 12,827.21+ 18,062.28 9,153.07 10,163.82 * 57,939*61 # 7,1*50.00 # 268.70 # 12,1*31,15 261.58 3,872.57 li+,189.71 8,679.15 8,900.00 237.1*2 953.82 I 1*1,332.87 #15,911.23 # iu.50 13U.51 236.50 310.00 095.51 STUDENT WELFARE Dean o f Men Dean o f Women Infirm ary TOTAL STUDENT WEL. # 3.0Q1+.27 2,012.10 5,276.28 # 10,292.65 # 2 ,7 5 0 .0 0 # 161+.62 # 1,825.00 15U.5 5 1*,200.00 1,013.1+2 # 8,775.00 # 1.332.59 * 89.65 32.55 62.86 I85.O6 PLANT OPERATIONS # 69,856.142 # 1*3,721.87 #21,776.23 # 1*. 358.32 LIBRARY INSTRUCTION A griculture A rt B usiness Education E ducation E nglish H ealth Education Home E conom ics In d u s tria l A rts Modern Languages M usic N ursery School S c ie n c e s S o cial Science Summer S c h o o l TOTAL INSTRUCTION # 8,703.88 # 1**883.31+ # 3 .8 2 0 .5U # 25,25l4.lp #22,359.37 # 3+,983.33 # 2 ,3 0 7 .5 0 #10,322.95 3,296.85 2,600.00 556.7U 11*0.11 9,l9.63 8,900.00 208.13 321.50 13.758*81 12.52U.99 227.55 L, 006.27 9.872.143 i+,l+oo. 00 13.U83.35 7I+5.IO 1*1*. 00 8 ,8 2 2 .1 0 8,350.00 196.56 275.5U I k , 81+5.57 5,133.27 18,350.00 1 ,0 7 8 .6 8 550.16 1,1*90.57 l+,700.00 1*,700.00 1,01+1.02 1*1*9.55 2 ,l+ijlf,60 2,1+00.00 8.10 36.50 13,953.55 11,200.00 2,258.10 1+95.1*5 1*66.83 1*66.83 13,201.93 5,200.00 15,1+10.00 1 ,5 7 3 .0 6 1,1*18.87 11,010.26 10,700.00 182.1*2 127.81+ 20,903*57 18,283.30 2,620.27 #11+8,751*11 #1+1,792.61+ #161,801**95 #13,1*70.06 1 5.188.71* SERVICES RELATED TO INST. Farm # 18,861.75 # 5,131.1+8 #11,622.27 # 2, 108.00 EXTENSION In-S ervioe C lasses V ocational Education D iv isio n o f Gen. E x t. TOTAL EXTENSION # 7,118.1*0 # 7,118.1+0 #1*7,500.37 33,110.08 #ll*.390.29 1,600.00 1,600.00 # 7,118.1*0 #1*9,100.37 # 1+1,828.1*8 |ll+ ,390.29 TOTAL EDUC. & GEN. EXP. #321,523.82 #90,393.01 #307,557.99 #82,323.21 #22,535.63 NON-EXPENSE T ran sfer to P lan t Funds In h e rita n c e Tax Jam ison E sta te TOTAL EDUC. 4 GEN. DISB. $ 1,912*00 ______ 536*86___________ #325,772.68~#90,893.IH ' -244- B. AUXILIARY ENTERPRISE BOOKSTORE DORMITORIES Davison H all Huntington H all Jeanes H all Ohio H all TOTAL DORMITORIES DINING HALL LAUNDRY PROPERTY RENTALS TOTAL AUXILIARY EXPEND. NON-EXPENSE T r a n s fe r to P la n t Fund TOTAL AUXILIARY DISB. C. OTHER NON-EDUCATIONAL S c h o la rs h ip s F ello w sh ip s TOTAL OTHER NON-EDUC. TOTAL CURRENT EXPENDITURES _____________ __ _ ' O b ject C l a s s i f i c a t i o n O p eratin g Fund C l a s s i f i c a t i o n S a la r ie s S u p p lie s General R e s tr ic te d & Wages A Expense Equipment $ 15,158.12 $ 386.33 $1U.312.58 $ I+59.2I $ 7.717.63 2,830.76 858.76 6,605.11 18,012.26 $102,607.59 $ 6,1+3U.97 $ 3.500.OI $+ 5.712.75 _____ $ U.i+51.01 $ 3 .2 6 6 .6 2 1,1+83.67 1.3U7.09 U9U.56 36I+.20 3,1+61.90 3,11+3.21 $" 9,891.11+ $ 8 ,1 2 1 .1 2 $ 22,967.81 $79.639.58 $ 6,29!+.63 $ 135.76 $ I+.58 $ 3,500.01 $ 39,539.91 $105,709.05 1*63.79 $ 16,550.17 $162,262.92 $ 800.00 $ 800.00 I ____ 500.00 i , 523.00 2, 023.00 i 500. 00T 2, 323.00____________ ~~f 2, 823.00 ttj67,756.57 $93,216.01 $3^7.097*90 1190,85526 22,999.142 STATEMENT OF TRUST FUND BALANCES Y ear Ended June 3 0 , 1950 BALANCE OF PRINCIPAL, BEGINNING OF YEAR ADDITIONS* G if t s and G rants Income on Investm ents TOTAL ADDITIONS DEDUCTIONS* Loss on s a le o f Investm ents T ran sfer to General Funds TOTAL DEDUCTIONS BALANCE OF PRINCIPAL, END OF YEAR Endowment Funds $ 61+ ,51+2.59 Loan Funds $550.00 32.83 2, 666.06 6.25 $ 2, 698.89 $ 6.25 $ 2, 666.06 $ 2, 666.06 $ 61+, 575.I+2 $ 2+.00 $ 2I+.OO $532.25 -245- STATEMENT OF TRUST FOND BALANCES BY FUND For Y ear Ended June 30 1950 ENDOWMENT FUNDS G eneral Fund L eask Fund TOTAL ENDOWMENT FUNDS LOAN FUNDS W illia m Hubbard Fund TOTAL TRUST FUNDS Blind B alance Fund Balance Beginning End Of Of Year A dditions Deductions Year 1*2,962.99 2 1 .5 7 9 .6 0 2 ,0 9 0 .7 3 608.16 2 ,0 9 0 .7 3 575.33 $1+2, 962.99 21, 612.1+3 6J+, 51*2.59 2 ,6 9 8 .8 9 $ 2 ,6 6 6 .o6 $6l+, 575.62 \ 550.00 6 .2 5 $ 2l*.00 $ 532.25 65, 092.59 2 ,7 0 5 .li* $2, 690.06 $65,107.67 SUMMARY OF TRUST FOND INVESTMENTS For Year Ended June 30 1950 ENDOWMENT FONDS GOVERNMENT BONDS U. S. Treasury 2 -3 /1 $ U. S. Treasury, S eries G 2-l/ie$ U* S . T re a su ry 2-1/1$ TOTAL GOVERNMENT BONDS STOCKS Borg-W arner C o rp o ra tio n , 50 sh a re s T ru s t Company o f G e o rg ia , 15 s h a re s F irs t N ational S tores TOTAL STOCKS OTHER F o rt V a lle y S ta te C o llege Dormitory W illia m Hubbard Loan Fund TOTAL OTHER TOTAL TRUST FUND INVESTMENTS Book V a lu e E a rn in g s $ 1, 600.00 22.01 31, 500.00 787.50 3, 000.00 67.50 $36,100.00 $ 877.01 $ 2,276.1*6 $ 9 ,7 5 0 .0 0 $ 12, 026.1*6 1 250.00 5+0.00 37.50 827.56 $12,362.71+ 961.55 6.25 12,3 2 .7 t $ 67.80 $60,1*89.20 2. 672.31 STATEMENT OF OPERATION OF RESTRICTED FUNDS For Y ear Ended June 30 1950 A . EDUCATIONAL AND GENERAL J u liu s Rosenwald Fund M o rrill-N e ls o n Funds V o c a tio n a l Fluids D ivision o f General Extension TOTAL EDUCATIONAL * GENERAL Balance Beginning R eceipts Of Year For Year D isb u rsement s For Year Balance End Of Year 300.00 36, 660.91* - 1+, 188.50 52,113.1+1 1, 200.00 ' $89, 971+.35 300.00 36, 660.9!+ 52,632.07 -^ ,7 0 7 .1 6 1/ 600.00 - 1+00.00 # 9 0 ,8 9 3 .0 1 - I L , 807.16 CCC&OOO. 4N1A B. OTHER NON-EDUCATIONAL Carnegie Foundation S e a rs Roebuck and Company TOTAL NON-EDUCATIONAL TOTAL RESTRICTED FUNDS Balance B egin n in g Of Year R eceip ts For Year D isbursements For Year Balanoe End Of Year # 6,791.57 $ 2,000.00 1 1,523.00 # 7,268.57 800.00 800.00 # 6 ,7 9 1 .5 7 # 2 ,8 0 0 .0 0 $ 2/ 323.OO # 7 ,2 6 8 .5 7 $ 2, 903,07 $ 92,77l+.35 $ 93, 216.01 $ 2, 1+61.11 STATEMENT OF CHANGES IN CASH BALANCES F or T ear Ended June 30, 1950 CURRENT FUNDS G eneral R estricted A uxiliary TOTAL CURRENT FUNDS AGENCY FUNDS PLANT FUNDS TRUST FUNDS Endowment Loan TOTAL TRUST FUNDS TOTALS Cash Balance R e c e ip ts D isbursem ents Cash B alance J u l y 1 , 191+9 For Year F or Year June 3 0 , 1950 #23,281.79 2 ,9 0 3 .0 7 20, 513.12 #1+6,697.98 $328,61+1.35 92,77l+. 35 165,831.57 #587,21(7.27 $32i+,272.68 93, 216.01 162,262.92 $579,751.61 #27,650.1+6 2, 1+61.1+1 2I+, 081.77 $5i+, 193.61+ # 5,81+5*91 $ 3 6 ,0 7 8 .8 7 $ 38,181.1+1+ $ 3, 71+3. 31+ $21, 626. 1+1+ $ 16, 1+12.92 $ 30, 667.70 $ 7 ,3 7 1 .6 6 $ 2, 965.69 50.00 # 3 ,5 3 2 .8 5 1+82.25 $ 2, 1+12.32 190.00 # U,086.22 31(2.25 # 3 ,0 1 5 .6 9 # i+,015.10 $ 2, 602.32 $ i+,1+28.1+7 # 7 7 ,1 8 6 .0 2 $61+3,751+.16 $651, 203.07 # 6 9 ,7 3 7 .1 1 BANK BALANCE Bank o f F o rt V a lley t 69,737.11 Alumni A s s o c ia tio n A th le tic A Student A c t iv it ie s F a c u lty G if t Fund Fratern ities & S o ro rities Room A A p p lic a tio n D ep o sits Student Deposits TOTAL STATEMENT OF AGENCY FUNDS For Year Ended June 3 0 , 1950 Cash Balance R e ce ip ts Disbursem ents Cash Balance ;fo ty -J j^ J :9l+9^ For Year June 30, 1950 $ 770.89 1+.075.57 35.59 207. 0 0 385.00 371.86 $ 5,81+5.91 $ 925.30 30,833.1+7 202.00 313.25 2,1+09.50 1*395.1+5 36,078.87 $ 81+8.10 $ 81+7.99 33*363.95 1,51+5.09 252.59 262.00 - 15.00 258.25 2 ,3 9 7 .5 0 397.00 1*057.30 710.01 $ 38,181.i|l+~ iry*7i+3.3i+ STATEMENT OF UNEXPENDED PLANT FUNDS Year Ended June 30 1950 Funds fo r P lant A dditions Funds fo r Debt S e rv ic e T o tal BALANCE, BEGINNING OF YEAR $21,626,141+ $21,626,141+ ADDITIONS* T ran sfer from A u x iliary Funds T ran sfer from G eneral Funds TOTAL ADDITIONS $114, 500.92 $2 , 01+9*25 16,550.17 1,912.00 1,912.00 $16,1+12.92 $2,0l+9.25 $18,1+62.17 DEDUCTIONS: Expended fo r P la n t A dditions B uildings and A dditions to B uildings Davison H all Equipment Davison H all Dining H all Jeanes H all Laundry TOTAL FOR PLANT ADDITIONS Loans Paid Endowment Funds Other Deductions I n te r e s t on Indebtedness O ther Expenditures - not C ap italised D ining H all H untington H all Jeanes H all Ohio H all TOTAL OTHER DEDUCTIONS TOTAL DEDUCTIONS BALANCE END OF YEAR $ l+,986.l6 859.1*9 2,68l+.85 30I+.35 U7IJ.59 * 9,309*10* $ 1+,986.16 859.1*9 2,68l+.85 30+.35 l*7+.59 $ 9,309.14+ $1,087.70 $ 1,087.70 $ 961.55 961.55 $ 7142.69 13,782.96 6,1+32.00 I+OO.61 421,358.26 71*2.69 13,782.96 6,1+32.00 1+00.61 *22.319.81 $30,667.70 $2,01+9.25 $32,716.95 1 7,371.66 $ 96I.55 $ 7,371.66 C onsisting of funds fo rt Davison H all Equipment F ir e Damage R ehabilitation of P lant 1+506.77 2, 798.20 66,69 $ 7 571 66 SUMMARY OF INVESTMENT IN PLANT As o f June 30 1950 VALUE OF PLANT, JULY 1, 19^9 ADDITIONS DURING YEAR Expended from P la n t Funds Expended from E ducational and G eneral Funds and included in C urrent E xpenditures -248- $ 968,255 $ 9,309*1+1+ 22,535*63 ADDITIONS (Continued) Expended from Auxiliary Funds and included in Current Expenditures Adjustments for Prior Years TOTAL ADDITIONS VALUE OF PLANT, PLUS ADDITIONS, JULY 1,* I9I+9 DEDUCTIONS* Buildings destroyed by fire TOTAL DEDUCTIONS VALUE OF PLANT, JUNE 30, 1950 DEDUCT: Loans Payable INVESTMENT IN PLANT, June 30, 1950 # 1+63.79 37.168.3U # 69,U97.20 1 .037.752.5U # 8,700.00 # 8,700.00 #1 ,029,052.51+ 12,362.7U #1 ,0 1 6 ,6 8 9 .8 0 STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1950 Year Acquired LAND Campus 97 Acres Farm 50 Acres 1895 19U0 Farm 2 19 .6 5 Acres 19U3 TOTAL LAND & IMPROVEMENTS Investment Beginning Of Year # 9.765.00 3.075.00 9 ,262.00 # 22,102.00 B. BUILDINGS Library & Office Building Anna Jeanes Hall Huntington Hall Robert W. Patton Hall Laundry Home Management House Samuel H. Bishop Dining Hall Academic Building Peabody Trade Building Agriculture Classroom Bldg. Farm Buildings Mule & Feed Barn Dairy Barn Potato House No. 1 Potato House No. 2 One Laying House One Brooder House Cannery Farm Dwelling No. 1 Farm Dwelling No. 2 Farm Dwelling No. 3 Farm jewelling No. U Farm Dwelling No. 5 Farm Barn No. 1 Farm Barn No. 2 1925 1903 1908 1937 1916 19Ul 1932 1929 1926 19U7 # 27,500.00 6,000.00 16,650.00 U9.050.00 2,900.00 3,000.00 50,000.00 120,600.00 32,000.00 30,000.00 7,000.00 3,000.00 5U0.00 i+00.00 300.00 200.00 100.00 360.00 250.00 3U0.00 1+86.00 +50.00 270.00 U50.00 Investment End Additions Deductions Of Year # 9.765.00 3,075.00 9 ,262.00 # 22,102.00 $ 27,500.00 #6,000.00 .16,650.00 U9,050.00 2,900.00 3,000.00 50,000.00 120,600.00 32,000.00 30,000.00 7,000.00 3,000.00 5U0.00 1+00.00 300.00 200.00 100.00 360.00 250.00 3+0.00 1+86.00 +50.00 270.00 U50.00 -249- BUILDINGS (Continued) Farm Dwelling No, 6 Davison Hall Brooklyn Cottage Infirmary Athletic Field House Beauty Parlor President's Home Richardson Cottage Harris Cottage The Inn Coop No* 1 Coop No# 2 Garage No* 1 Garage No. 2 Stevens Cottage Ohio Hall Usher Cottage TOTAL BUILDINGS investment Investment Year Beginning End Acquired Of Year Additions Deductions Of Year 1948 1920 1931* 19^40 1915 1900 1920 192U 1921+ I9UI 19bl 19U0 19U0 1938 1930 1931+ $ 270.00 $ 270.00 217,000.00 $ 4,986.16 221,986.16 800.00 800.00 18,000.00 18,000.00 500.00 500.00 250.00 250.00 15,700.00 1 5 ,700.00 1,850.00 1,850.00 5 ,600.00 5 ,600.00 2,700.00 $2,700.00 2,700.00 2,700.00 2 ,700.00 2,700.00 1,810.00 1,810.00 825.00 825.00 1 ,105.00 1 ,105.00 100,000.00 100,000.00 l+,566.00 4,366.00 $726,022.00 $ 4,986.16 $8,700.00 1 722,508.16 C. EQUIPMENT Administrative Offices Physical Plant Library Dormitories Dining Hall Farm TOTAL EQUIPMENT $ 12,439.90 109,775.81* 40,6 8 1.4 5 1 9 ,592.24 12 ,292.56 2 5 ,3 4 9 .5 5 $220,1 5 1 .5 4 $ 1,587.20 57,821.92 10,4 2 1.2 2 7,192.73 2,792-111* 1*,895*53 $64,5U.04 $ 15,827.10 11*7 ,597.76 51,102.67 26,781*.97 15,084.80 50,245.08 $ 284,642.58 TOTAL INVESTMENT IN PLANT *968,255.31* $69,497.20 $8,700.00 $1,029,052.54 >250 SAVANNAH STATE COLLEGE FINANCIAL REPORT FOR THE YEAR ENDING JUNE 30, I95O Savannah Stata College Savannah, Georgia 251- BALANCE SHEET June 30 1950 ASSETS I. CURRENT FUNDS A. GENERAL Cash on hand and in Bank Acoounts Receivable Due from Auxiliary Enterprises Due from Agency Funds TOTAL GENERAL FUNDS 12, 808.58 58,71+9.87 5,000.00 2,299.63 $ 78,818.08 B. AUXILIARY ENTERPRISES Cash on Hand and in Bank Accounts Receivable Stores (Inventories) TOTAL AUXILIARY ENTERPRISES TOTAL CURRENT FUNDS 1.378.83 li+, 2 05.76 10,610.50 26,195*09 105,013.17 II. AGENCY FUNDS Cash in Bank TOTAL AGENCY FUNDS 867.31+ * 8 6 7 .3I+ III. PLANT FUNDS A. UNEXPENDED (None) B. EXPENDED Land Buildings Improvements Other than Buildings Equipment TOTAL PLANT FUNDS TOTAL ASSETS lll+,1+00.00 91+5,91+8.59 , 18,1+1 1.3 0 281 107.85 1,399,867.71+ 1,1+65,7 U 8 .2 5 252 BALANCE SHEET June 30 1950 LIABILITIES I. CURRENT FUNDS A* GENERAL Accounts Payable Purchase Orders Outstanding Reserved for Unearned Income Due to Board of Regents Surplus TOTAL GENERAL 1,325.68 1,965.58 1 2 ,7 3 8 .0 0 38,0 0 0 .0 0 2i|,788.82 78, 818.08 B. AUXILIARY ENTERPRISES Accounts Payable Due to General Funds Reserve for Stores Surplus TOTAL AUXILIARY ENTERPRISES 9,01*8.05 5,000.00 10,610.50 1,536.51* 26,195.09 TOTAL CURRENT FUNDS II. AGENCY FUNDS Due to General Funds Rind Balance 2,259.63 1,392.29 1 0 5 ,0 1 3 .1 7 TOTAL AGENCY FUNDS III. PLANT FUNDS Due to University of Georgia Endoronent Funds Invested in Plant 27, 661.28 1,332,206.1*6 867.3U TOTAL PLANT FUNDS TOTAL LIABILITIES 1,399,867.71* 1,1*65,71*8.25 253- STATEMENT OF CURRENT INCOME For Y ear Ended Ju n e 30 1950 A. EDUCATIONAL AND GENERAL STUDENT FEES N on-Resident T u itio n M atriculation H ealth S ervice Summer S e s s io n F ees O ther Student Fees TOTAL STUDENT FEES PUBLIC APPROPRIATIONS S ta te o f G eorgia R egular O perations Chatham County Board o f E d u catio n D ivisio n o f G eneral E xtension D ivision o f V ocational E ducation U. S. P ost O ffice TOTAL GOVERNMENTAL FUNDS SALES AND SERVICES C arp en try Shop Farm Shoe Shop TOTAL SALES AND SERVICES OTHER SOURCES R ents from P ro p e rty G eneral and M iscellaneous TOTAL FROM OTHER SOURCES TOTAL EDUCATIONAL A GENERAL INCOME Due t o Board o f R eg en ts Old A ccounts and re tu rn e d checks TOTAL EDUCATIONAL & GENERAL RECEIPTS B. AUXILIARY ENTERPRISES COLLEGE INN FACULTY APARTMENTS - PARSONS HALL DORMITORIES Boggs H all H ill H all H ubert H all TOTAL DORMITORIES DINING HALL FARM LAUNDRY TOTAL AUXILIARY INCOME NON-INCOME T ra n sfe r from G eneral Funds O ther T ran sfers TOTAL AUXILIARY RECEIPTS TOTAL CURRENT INCOME -254 G eneral Income * 61,007 20 7 2 ,6 0 0 ,7 8 ^8*79905 61,398*78 1 1 |6 0 1 0 6 #215,1+06.87 #236,398.00 8 ,8 6 3 .5 0 2,500.00 5,01+3.62 2,1+75*00 t&S$,2HrE? # 3*00 1,61+0 *58 111*75 t 1 ,7 5 5 .3? t 1*.521.36 1 ,2 7 1.6 0 t 5.79 2.9 6 tU78,235.28 # 38,000.00 193*33. #516,1+28.61 tU78.2J5.28 # 60,718.1+3 # 1+263 .1+1+ # 1,300.26 8,833*13 10 ,1+142.31 rg7575.~7o # io i,l4 3 5 .9 5 # 27I4. 5U # 8,650.97 # 195, 919.03 # 1 9 5 ,9 1 9 .0 3 $ 5,000.00 53U.U9 t2 0 1 .u 5 3 .5 g ________ _ t67u.15u.31 STATEMENT OF CURRENT EXPENDITURES Tear Ended June 30 1950 EDOCATIONAL AJNL) GENERAL ADMINISTRATIVE AND GENERAL Business Office Presidents Office Registrar's Office Post Office General Expense TOTAL ADM. A GENERAL Total Object Classification Operating Salaries Supplies St Wages St Expense Equipment # 17,U5U.5U # 16,137. lU # 1,227.15 # 15.099-9U 1U.05U.95 12*756.97 11,555.00 1,039.99 1,201.97 2,266.1+3 2,2U7.83 18.60 25.9I4U.63 7.90U-U9 17,579.62 73,522.51 $ 51.899.Ul # 21,067.33 t 90.25 5.OO U60.52 555.77 STUDENT WELFARE Coord, of Pers. Service Dean of Men Dean of Women Health Service TOTAL STUDENT WELFARE # 5.136.83 $ 3,863.09 # 1,273.7U 3.091-23 3,091.23 U.5+2.95 5.990.89 U.5U2.95 5,060.1+8 867.65 # # 18,761.90 $ 16,557.75 # 2 ,lUl.39 # 62.76 62.76 PHYSICAL PLANT # 60,915.77 # 2U,182.70 # 3U,375.03 $ 2,358.oU LIBRARY 1 l3.950.6l # 9,050.00 # 305.82 # U.59U.79 INSTRUCTION Dan of Faculty Agriculture Arts and Sciences Biology Business Chemistry Education English Fine Arts Health & Physical Education Home Economics Industrial Arts Languages Mathematics Physics Social Science Summer School Training School TOTAL INSTRUCTION # 8,5ll+.26 10,839.05 3,136.30 10,513.98 12,761.50 8,667.5U 25,U30.89 20,290.87 13,672.au 16,651.77 17,6Uo.6o 60,892.15 2,6U7.5l+ 8.U18.75 3,253. 84 18,U51.63 30,603.10 12, 5U9.U2 $28U,936.03 # 5.77U.61 9,191.75 2,506.23 7,673.00 12,212.U0 6,953.63 2U,7Ul*66 20,099.97 12,970.67 15,320.00 lU.551.U9 U9.135.8U 2,590.72 8 ,Ul5.00 3,250.00 18,169.25 29,952.52 11,882.50 I255.391.2u 2,739.65 1.U3U.39 630.07 860.98 136.75 829.91 689.23 61 .Uo 662.17 351.39 1,853.63 8,595.47 3.75 3.8U 10.U3 65O.58 2 1 6 . 5U 1 19,730.18 $ 212.91 1,980.00 U12.35 88U.00 129.50 U0.00 98O.38 1.235.U8 3 ,160.8U 56.82 271.95 U50.38 i 9.81U.61 FARM $ 6,976.39 # 2,3U2.75 # U.U81.25 # 152.39 EXTENSION # 9.12U.U0 # 8,989.U7 # 13U.93 TOTAL EDUC. & GENERAL EXPEND. U68,187.61 l368,Ul3.32 82,235.93 #17,538.36 NON-EXPENSE Transfer to Auxiliary Enterprises# 5*000.00 Transfer to Plant Fbnds 8,55U55 TOTAL EDUC. & GENERAL DISB. |U81,71+2.16 -255- B. AUXILIARY ENTERPRISES COLLEGE INN PARSONS HALL DORMITORIES Boggs Hall Hill Hall Hubert Hall TOTAL DORMITORIES DINING HALL FARM LAUNDRY TOTAL AUXILIARY EXPENDITURES NON-EXPENSE Transfers to Plant Funds TOTAL AUXILIARY DISBURSEMENTS TOTAL CURRENT EXPENDITURES Total Object Classification" Operating Salaries Supplies A Wage8 A Expense Equipment * 7^.695.96 * 8,90l*.55 61+,791.6l 1 ,865.3]+ 1 ,865.31+ 1 ,906.11+ 7,999.53 6 ,865.83 | 16,771.50 * 555.00 2 ,309.10 1+,590.00 7,1+514.10'1 1 ,3 5 1 .11+ 1+,621+.1+3 1 ,066.00 2,256.07 19.76 8,2 3 1 .61+7 1 ,085.76 *100,557.59 17,676.143 * 81,257.75 1,1+23.23 * 76 6 .5 5 * 575-70 * 19 2 .6 5 $ 10,3 19 .6 2 * 8,558.51 1,51+6.76 t U5U .5 5 203,776.16 142,91+7.09 *15 7 .885.75 * 2.9U5.5U 2 ,196.00 205,972.16 |S .7 *671,965.77 1+11,360.1+1 21+0,121.66 20,1+81.70 STATEMENT OF CHANGES IN CASK BALANCES Year Ended June 30, 1950 CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS AGENCY FUNDS TOTALS Fund Balance July 1, I9U9 Receipts Disburse- Find Balance Menta June 30, 1950 -21,877.87 516,1+28.61 !|8 1 ,7I+2 .I6 12,808.58 5,897.1+7 201,1+53.52 205,972.16 1,378.83 -15,980.140 717,882.13 087,711+.32 li+,187.1+1 1,1+61.51+ 69,618.21+ 70,212.1+1+ * 867.5U -ll+,518.86 787,500.37 *7 5 7,9 2 6 .76 l5,05l+.75 BANK BALANCES Liberty Bank A Trust Company, Savannah, Georgia Educational & General Revenue Collections Auxiliary Enterprises Agenoy Funds Petty Cash Fund TOTAL 10,27l+.09 2 ,156 .3 6 1 ,396.93 685.37 51+0 .0 0 * 1 5 .05U.7 5 256 Campus Chest Class Accounts Due to Other Rinds Returned Checks Scholarships Student Bank Student Activity, Clubs, Etc. Teachers Retirement Withholding Tax TOTAL STATEMENT OF AGENCY FONDS Year Ended June 30 1950 Fund Balance Disburse Fund Balance July 1, I9+9 Receipts ments June 30, '50 * 1.59 67.1*9 6,087.87 -1+6.00 I+6 5 .9 5 -5,200.53 121.87 -3 6 . 7 0 * 617.50 2,208.61 1+6.00 902.30 22.00 3 6 ,2 5 0 .2 0 11,287.12 18,28t+.51 $ 588.1+0 71*2.87 3,828.21+ 877.30 89.95 31*. 550.75 11,287.12 18,21+7.81 * 30.69 1,533.23 2 ,259.63 25.00 398.00 3,501.08 121.87 *1 ,1+6 1 .51+ *69,618.21+ *70,212.141+ * 867.3I+ STATEMENT OF UNEXPENDED PLANT FUNDS Year Ended June 30 1950 BALANCE, BEGINNING OF YEAR ADDITIONS* Transfer from General Funds Transfer from Auxiliary Funds TOTAL ADDITIONS DEDUCTIONS* Expended for Plant Additions Buildings and Additions to Buildings F&rmshop and Cannery Parsons Hall White Hall TOTAL BUILDINGS & ADDITIONS TO BUILDINGS Improvements Other them Buildings Athletic Stadium TOTAL EXPENDED FUR PLANT ADDITIONS Indebtedness Retired Payment to Univ. of Ga. Endowment Funds Interest on Indebtedness TOTAL DEDUCTIONS BALANCE END OF YEAR Funds for Plant Additions * ---- Funds for Debt Service * ---- Total * ---- * 8,551+.55 * 8,55l+.55 1 7 9 .OO * 2 ,017.00 2 ,196.00 8,733.55 "* 2,017.00 $10,7 5 0 .5 5 * 562.00 1 7 9 .OO i+,6 76 .59 * 5*1+17.59 * 562.00 179.00 !+,676.59 * 5,1+17.59 * 3,315.96 * 8,733.55 * 3 .3 15 .9 6 * 8,733*55 * 1 ,152.60 * 1 ,152.60 * 861+.1+0 * 861+.1+0 * 8.7 3 3 .5 5 * 2,017.00 *10,750.55 * - - - * ---- * ---- -257' SUMMARY OF INVESTMENT IN PLANT As of June 30, 1950 VALUE OF PLANT, JULY 1,' 19^9 ADDITIONS* Expended from Plant Funds Expended from Eduoational and General Funds and included in Current Expenditures Expended from Auxiliary Funds and included in Current Expenditures Adjustments for prior years TOTAL ADDITIONS VALUE OP PLANT, PLUS ADDITIONS, JUL 1, 19^9 DEDUCT! Loans Payable INVESTMENT IN PLANT, June 30, 1950 #1,322,70*4.99 8,733.55 17,538.36 2.9U3.3U 7,9U7.50 $ 37,162.75 11,359,867.71* 27,661.28 #1 ,332,206.^6 STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1950 LAND Campus Off-Campus TOTAL LAND Year Acquired Investment Beginning Of Year Additions Investment Deduct- End of ions Year I89O #1114,000.00 I4OO.OO #lll+,l400.00 ~ # 1114,000.00 I4OO.OO # 1114,1400.00 BUILDINGS Adams Hall Barbecue Pit Band Stand Boggs Hall Brooder House Camilla Hubert Hall College Inn Community House Cottage #1 Cottage $2 Cottage #3 Cottage $4 Cottage #5 Cottage #6 Cottage #7 Cottage $8 Creamery A Dairy La. Dairy Barn Farm Shop and Cannery Fine Arts Building Garage Hammond Hall Herty Hall Hill Hall Incubator House 1932 19Ul 1890 1938 1937 191*7 1938 1903 1908 1908 1931 1932 1908 1908 1936 19 1*+ 1921 1938 19U7 1908 1938 1905 1938 # 6I|.,910.00 650.00 600.00 9,580.00 5 ,000.00 1143,0 1 0 .0 0 1 1 ,500.00 13 ,350.00 7 ,000.00 6,200.00 7,850.00 3.750.00 8,900.00 6 ,1 5 0 .0 0 8,875.00 6 ,050.00 U.OOO.OO 8,580.00 1 5 ,600.00 # 2 0 ,2 5 0 .0 0 500.00 1 0 ,650 .0 0 6 1 ,500.00 122,220.00 14,7 1 0 .0 0 562.00 # 614,910.00 650.00 600.00 9,580.00 5 ,000.00 1143,0 1 0 .0 0 1 1 ,500.00 13 ,350.00 7 ,000.00 6,200.00 7,850.00 3.750,00 8,900.00 6 ,1 5 0 .0 0 8 ,8 7 5 .0 0 6 ,050.00 14,000.00 8,580.00 16,162.00 20,250.00 500.00 1 0 ,6 50 .0 0 6 1 ,500.00 122,220.00 14,710.00 -258' BUILDINGS (Cont'd) Infirmary Information House Laying House $1 Laying House $2 Masonry Shop Meldrim Hall Morgan Hall Paint Shop Parsons Hall Powell Laboratory School Plumbing Shop Shoe Shop Storage House Trades Building "White Hall Wilcox Hall TOTAL BUILDINGS Investment Year Beginning Acquired Of Year Additions Deductions Investment End of Year 191*7 1938 1939 1939 1939 1923 1936 1938 I89O 1935 1948 1920 1939 191*5 1921 1934 # 18,675.00 650.00 500.00 500.00 4 ,660.00 123,620.00 37,700.00 4 ,660.00 55,580.00 # 179.00 15,300.00 300.00 4,100.00 500.00 2 9 ,9 0 0 .0 0 1 1 ,900.00 4,676.59 80,601.00 #940,531.00 # 5,417.59 # 18,675.00 65O.OO 5OO.OO 500.00 4 ,660.00 123,620.00 37,700.00 4 ,660.00 55,759.00 1 5 ,3OO.OO 3OO.OO 4 ,100.00 5OO.OO 2 9 ,9 0 0 .0 0 16,576.59 80,601.00 ~ T 945,948.59 C. OTHER IMPROVEMENTS Development of Athletic Field Water System Telephone System TOTAL OTHER IMPROVEMENTS # 3 ,000.00 # 3 ,3 15 .9 6 1 1 ,2 9 5 .31* 800.00 # 1 5 ,095.34 #''3,315.96 $ 6,3 15 .9 6 11,295.34 800.00 ~ T 18,4i1.30 D. EQUIPMENT Administrative Offices Physical Plant Library Instructional Departments Extension College Inn Book Store Snack Bar Community House Dining Hall Dormitories Boggs Hall Hill Hall Hubert Hall Teachers Dormitory - Men Teachers Dormitory - Women Farm Infirmary Laundry Post Office Student Activities TOTAL EQUIPMENT # 12,942.8 5 # 797.77 # 33.891.50 i3.aU-3.7l* 2 8 ,4 3 8 . 0 0 IO8 .6 9 98,843.55 20,638.64 446.00 10.00 13,61*0.62 30,01*7 .7 6 28,546.69 119,482.19 4 5 6 .OO 974.50 4 , 84o.io 4 ,056.46 1 5 ,229.00 3.50 1 ,13 7 .7 3 1 ,1 5 1 .0 1 978.00 3,702.37 4,056.46 16,380.01 1 ,050.00 39.50 4 ,792.90 10 ,4 5 7 .2 2 507.65 136.80 7 0 4 .12 6.50 4 ,2 3 9 .11 8 ,236.90 7 ,228.05 103.41 2 ,492.80 330.27 14,9 7 1.0 0 153.00 3 ,275.30 334.38 6 ,0 19.64 7 ,538.06 #252,678 .65 #37,810.10 #9,380.90 # 1 ,010.50 4,285.25 10 ,320.42 697.62 u.13 5 .7 0 15,464.95 2.162.53 11,695.70 1*87.38 13,557.70 201,107.85 TOTAL INVESTMENT IN PLANT #1,322,704.99 #46,5^3.65 $9,380.90 #1,359,867.74 259- un ^vn>2^ "O oocfj? yo-or^ii2 R or'c^S. p w*?f, uJtb;Jjoa i v ; fj/v ' ?/& wT M / / 0 ^ $ \\ & M;m=\\ 7\> ^ 7 V $ O3O0^ J' -- *^iy# . 0ocf?^nv Aa / 2V^T3o^5jo^v' Sjsus /r5 DATE DUE un s**vvn>o A O i^ K*^T0a*v0^*J2X* OtORC/ aT ^ V 'f. 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