Annual financial report, University System of Georgia, for the year ended June 30, 1953

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ANNUAL FINANCIAL REPORT UNIVERSITY SYSTEM OF GEORGIA
For the Year Ended
June 3 0 , 1953
Hfegents of the University System of Georgia 20 Ivy Street, S. E. Atlanta
1

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Mi^chRS OK T*iE SOARS OF REGENTS OF TiiE UNIVERSITY SYSTEM OF GEORGIA
June 30, 1953

Robert 0. Arnold Charles J. Bloch Cason J. Callaway Edgar 8. Dunlap, Sr. Rutherford L. Ellis Frank D. Foley Roy V. Harris Mrs. William Healey John J. McDonough C. L. Moss James Peterson Freeman Strickland Francis Stubbs Carey williams H. L. Wingate

Covington Macon Hamilton Gainesville Atlanta Columbus Augusta Atlanta Atlanta Calhoun Soperton Atlanta Douglas Greensboro Pelham

Term Expires

1956

1957

1953

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1959

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19$h

1956

1958
I960

1957

1959

1955 I960

1957

1955

195U

Officers of the Board of Regents

Robert 0. Arnold

Chairman

John J, McDonough

Vice-Chairman

Harmon . Caldwell

Chancellor

I

Henry King Stanford

Asst-Chancellor 5

J. H. Dewberry

Director rf Plant and 'Business Operations

c

L. R. Siebert

Executive Secretary

J

James A. Blissit

Treasurer

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BOUND BY THE NATIONAL LIBRARY BINDERY CO. OF GA.

TABLE OF CONTENTS
Letter of Transmittal................................ . Summary ................... ........................... Consolidated Statements.... ......................... University System of Georgia - General Activities .... The University of Georgia - Summary .................. The University of Georgia - Consolidated............ The University of Georgia, Athens .................... Agricultural Extension Service, Athens ............. . Atlanta Division of the University of Georgia, Atlanta Agricultural Experiment Station - General ............ Agricultural Experiment Branch Statj o n s .... ......... College Experiment Station, Athens ................... Georgia Experiment Station, Experiment .............. Georgia Coastal Flain Experiment Station, Tifton .... Georgia Institute of Technology, Atlanta ............ North Georgia College, Dahlonega ..................... Georgia State College for Women, Milledgeville ...... Georgia Teachers College, Statesboro .......... . Valdosta State College, V a l d o s t a ........... ...... . Medical College of Georgia, Augusta ................. South Georgia College, Douglas West Georgia College, Carrollton .................... Middle Georgia College, C o c h r a n ..... .............. . Georgia Southwestern College, Americus................. Abraham Baldwin Agricultural College, T i f t o n ........ . Albany State College, A l b a n y ....................... .. Fort Valley State College, *'ort V a l l e y .............. . Savannah State College, S a v a n n a h ....... ..........
3

4
5
14 29 37 53 59 107 115 125 129 137 145 159 169 207 219 233 245 257

TABLE OF CONTENTS

Letter of Transmittal....................................... .............. 4

S u m m a r y .................................................................. ..5

Consolidated Statements ...........................................

14

University System of Georgia - General Activities .......... .............. 29

The University of Georgia - S u m m a r y ............ .......................... 37

The University of Georgia - Consolidated....................... ............ 53

The University of Georgia, A t h e n s ..... .................................... 59

Agricultural Extension Service, Athens ............ ........ ....... .

107

Atlanta Division of the University of Georgia, A t l a n t a ....... ............ 115

Agricultural Experiment Station - General ................................. 125

Agricultural Experiment Branch Stations ......... .............. ....... .....129

College Experiment Station, Athens ....................... ................. 137

Georgia Experiment Station, Experiment.................................. 145

Georgia Coastal Flain Experiment Station, Tifton .......................... 159

Georgia Institute of Technology, Atlanta ................................... 169

North Georgia College, D a h l o n e g a ........................................... 207

Georgia State College for Women, Milledgeville.............. ............. 219

Georgia Teachers College, Statesboro ....................................... 233

Valdosta State College, V a l d o s t a ........

245

Medical College of Georgia, A u g u s t a ........... .................... ....... 257

South Georgia College, Douglas

-- #* ................. 271

W est G eorgia College, Carrollton ........... ............... ............. .. 287

Middle Georgia College, Cochran ............................ ............... 297

Georgia Southwestern College, Americus..................................... .307

Abraham Baldwin Agricultural College, T i f t o n .............................. 317

Albany State College, A l b a n y ...................... ............. ........... 527

Fort Valley State College, *ort V a l l e y .................................... 337

Savannah State College, S a v a n n a h ....... . *...... ..................... ..35 3

REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA
tO IVY STRUT, S. I.
ATLANTA
Chancellor Harmon W. Caldwell University System of Georgia Dear Chancellor Caldwell:
I am submitting herewith the annual financial report of the University System of Georgia for the fiscal year ended June 30, 1953.
This represents the sixth annual report that has been compiled to report the financial operations of the University System. These reports are intended to form a comprehensive and permanent record of the financial operations of the System for the periods covered, for the information and reference of all persons concerned or interested.
Xou will find a summary of the principal items of interest in this report on the next following pages. The remainder of the report covers the detailed operations of the institutions comprising the University System.
Respectfully submitted
'James A. Blissit, Treasurer November 6, 1953
4

SUMMARY

Sc op e of Report

The Annual Report contained herein covers all financial operations of the University System for the fiscal year ended June 30, 1953. This report has been prepared generally in accordance with the standards recommended by the National Committee on Standard Reports for Institutions of Higher Education. All statements and schedules were prepared on a cash receipts and disbursements basis with the exception of the balance sheets and statements of surplus which were prepared on a modified accrual basis.

Income from State Appropriation for all activities amounted to $12,606,236 as compared with 112,033000 for previous year.

The following state appropriation was made to the University System for the year ended June 30, 1953

For the cost of operating the State Board of Regents and for aid to

the University System

$ 6,6li5,000

For annual payment to University of Georgia for old bank

stock item

8,000

For the purchase, maintenance, and operation of mobile

soil testing units

70,000

For cost of operating the State Soil Conservation Committee

25,000

For the cost of use and/or acouiring additions to plant

and equipment for the University System from the

University System Building Authority

500,000

For aid to University System for maintenance and for

new buildings, plant and equipment

i;,985,000

For development of Rock Eagle Project

300,181

For acquisition of property for Medical College ofGeorgia

5U,305

For increased aid for indigent patients at Medical

College of Georgia

18,750

Total Appropriation

$12,606,236

The State Appropriation for general purposes remained the same for 1952-53 as for the pervious year. The difference in the ^otal appropriation for the two years is due to the fact that a special non-recurring appropriation of $^00,000 was received during the year 1951-52, whereas, special appropriations totaling $373,236 as represented by the last three items listed above were received during 1952-53. The regular appropriation for each of the last two years amounted to $12,233,000 for each year.
The balance in the Regents Allotment Account on July 1, 1952, was $360,li;6. During the year this account was increased by a State Appropriation of $12,606,236 as referred to above, and by the repayment of an appropriation advance to the Abraham Baldwin Agricultural College of $10,000, making a total of $12,976,382 available for allocations. Of this amount, the Board of Regents approved allocations
totaling $12,670,635 leaving an unallocated balance at June 30, 1953 of $3Q5,7U7.

5

Total Income from all sources amounted to $28,1*62,5315 an increase of $769,618
over 1951-52.

The University System received income during the year as 'listed below in com-

parison with the income received during the previous year.

Increase or

Source State Appropriation Internal Income

1951-52

1952-53

(Decrease)

$12,633,000 $12 ,606,236 #(26,761*)

For Educational and General Purposes For Auxiliary Enterprise Operations

9,951+,331 10,063,036 108,705

h,732,325

U, 93 8,167 205,81*2

For Plant Additions and Improvements For Student Aid
Total Income for Current and Plant Purposes

21*2,51*2 150,715

709,753 1*67,211 165,339 11*,621*

$27,712,913 $28,1*82,531 $769,618

Total Expenditures for the year amounted to $28,990,51*1 an increase of $3,890,750 over previous year.

Expenditures for current operations and plant additions and improvements made during the year are compared with the expenditures for 1951-52 in the following table.

Expenditures Made For Educational and General Purposes For Auxiliary Enterprise Operations For Plant Additions and Improvements For Student Aid
Total Expenditures

1951-52
117 ,527,380 1*,260,282
3,019,099
293,030

1952-53 $19,067,160
1+,2 1 1 ,555
5,378,595 333,231

Increase or (Decrease) $1,539,780
(1*8,727) 2,359,1*96
1*0,201

$25,099,791 #28,990,51*1 13,890,750

Income for Educational and General purposes totaled #19,830,286, an increase of

J

5.7%.

The income received during the year for Educational and General operations is

compared below with the income received during the previous year.

Increase or

Source

1951-52

%

1952-53

% (Decrease

%

Student Fees Matriculation Non-Resident Tuition Summer Session Other Fees Total Fees

$ 2,886,699 1,305,221 588,910 300,361
$ 5,08i ,191

15.1* 7.0
3.1 1.6 27.1

$ 2,770,597 912,035 522,1*50 230,382
$ 1*,1*35,1+61*

ik.o
1*.6 2.6 1.2 22.1}

$ (116 ,102) ( It.o)
(393,186) (30.1)
( 66,1*60) (11.3)
( 69,979) (23.3)
"(1*5.727) (12.1)

Gifts, Grants & Endowment Gov't other than State Sales and Services Other Sources
Total Internal Income

$ 562,216 2,096,329 2,089,131 125,1*61*
1 9,951*, 331

3.0 11.2 11.1
0.7 53.1

$ 775,970 2,110,738 2,622,890 117,971*
$10,063,036

3.9 10.6 13.2
0.6
50.7

1 213,751* 38.0
11*,1*09 0.7 533,759 25.5 ( 7,1+90) ( 6.0)
$ 108,705 1.1

State Appropriation

8,802,000 1*6.9

9,767,250 1*9.3

965,250 11.0

Total Income

$18,756,331 100.0

$19,830,286 100.0 $1,073,955

5.7

6

It will be noted that student fees produced 12.7$ less income than for the previous year and that this source of income produced only 22.1*$ of the total income for Educa tional and General purposes during 1952-53 as compared with 27.1$ for the previous year. It must be noted that the above comparison is based on income received during the two years rather than the income earned. The student fees actually earned during the two years are compared in the following table.

Hatriculat ion Non-Resident Tuition Summer Session Other Fees
Total Student Fees

1951-52 $2,796,956
1,iia,272 752,807 298,961

1952-53
$2 ,7^7 ,8 0 6
929,303 507,1*79 223,1*72

Decrease
$ 1*9,i5o
211,969
21*5 ,3 2 8
75,1*89

$1*,989,996 $1*,1*0 8 ,0 6 0 $581,936

$ 1.0
18 .6 32.6
25.3
11.7

A look at the enrollment statistics for the two years will explain the reduction in student fees. After reducing the total enrollment to an equivalent full-time basis,
the average equivalent full-time enrollment for the year was only 1% below that for
1951-52. However, the enrollment of veteran students for whom an adjusted rate of tuition was paid continued a rapid decline. This adjusted tuition is reported under non resident tuition for the fall, winter and spring quarters and under summer session fees for the summer quarter. This explains the reduction in fees from non-resident tuition and in part from the summer session. The fees from the summer session were further reduced by a reduction in enrollment of 23.1$ as compared with the summer session of 1951-52. The enrollment during the fall, winter and spring quarters was i*.2$ higher than during the same periods for 1951-52.

A significant change in the income for 1952-53 as compared with the previous year was in the amount collected from sales and services. This increase was dub in most part to the large increase in research services performed by the Engineering Experiment Station of the Georgia Institute of Technology. Of the total increase, $522,008 was from that source.

The amount of State Appropriation allocated for Educational and General operations was 11.0$ greater than the amount allocated for the previous year. With this increase, the state appropriation represented 1*9.3$ of "the total income for Educational and General purposes as compared with 1*6.9$ of the total for the previous year.

Educational and General Expenditures amounted to $19,067,l60.

The expenditures for Educational and General purposes were $1,539*780 or 8.8$ in

excess of the amount expended during the previous year. These expenditures are compared

by function in the following table with the expenditures for 1951-52.

1951-52

$ 1952-53

Increase or
% (Decrease) %

Administrative & General

$ 1,1*51,772 8.3 $ 1,595,561 8.1* $ 11*3,789 9.9

Student welfare

31*5,81*3 2.0

377,51*7 2.0

31,701* 9.2

Plant Operations

1,806,71*9 10.3

1,711*,770 9.0

(91,979) (5.1)

Library

659,1*71* 3.8

728,118 3.8

68,61*1* 10.1*

Instruction

6,887,191 39.3

7,295,1*06 38.2

1*08,215 5.9

Act. Related to Instruction

61*9,537 3.7

633,807 3.3

(15,730)( 2.1*)

Research

2,970,737 16.9

3,92l*,91*1* 20.6

951*,207 32.1

Agricultural Extension

1,916,879 10.9

2,009,259 10.5

92,380 1*.8

General Extension

839,198 i*.8

787,71*8 1*.2

(51,1*50) (6.1)

Total

$17,527,380 100.0 $19,067,160 100.0 $1,539,780 8.8

7

The most significant change in the expenditures for the year as compared with the previous year was in the amount expended for research activities. As will be noted from the above comparison, the expenditures for this purpose were $951+, 207 or 32.1;? greater than for the previous year. Of this increase $545,093 represented an increase in the expenditures of the Engineering Experiment' Station of the Georgia Institute of Technology and 3292,736 an increase in the research expenditures of the Agricultural Experiment Stations of the University of Georgia.

Educational and General Surplus increased by $109,601.

The University System ended the fiscal year with an Educational and General Surplus of $1,859,910; as compared with a surplus of $1,750,309 at June 30, 1952. On an accrual basis as computed in the statement of surplus to be found later in this report, income exceeded expenditures by $650,756; and $9,731+ was transferred from other funds; resulting in a total increase in the surplus account of $660,1+90. The reductions in surplus were as follows: Transfers to Plant Funds were made in the amount of $387,800; surplus reserves were increased by ->105,191; the Regents' Allotment account was reduced by $54,399; and other adjustments amounted to $3,500.

The following summary of the Educational and General section of the balance sheet
is given to compare the assets and liabilities as of June 3 0 , 1953 1with those of the

previous year.

June 30

June 30

Increase or

Assets Cash on Hand and in xanks Accounts Receivable
Other assets

1952 $2,153,971
588,376 12,337

1953 $2,1+93,978
577,830 16,087

(Decrease) $31+0,007
(10,51+6) 3,750

Total Assets

$2,751+,681$ $3,087,895 $333,211

Liabilities and Surplus Accounts Payable Purchase Orders Outstanding Unearned Income Other Reserves Restricted Fund Balances Unappropriated Surplus
Total Liabilities and Surplus

$ l+l+,656 21+1,383 211,271 1+8,633 1+57,932
1,750,309'

$ 152,390 218,855 207,176
61,567 587,997 1,859,910

$107,731+ (23,028) (it,095) 12,931+ 130,065 109,601

$2,751+,681$ $3,087,895 $333,211

Receipts from Auxiliary Enterprise Operations were k3% greater than receipts for
the previous year.

Receipts during the year from the operation of Auxiliary Enterprises amounted to

$1+,938,167 as compared with receipts of $1+,732,325 for 1951-52. The receipts by sources for the past two years are campared in the following summary:

Increase or

Dormitories Dining Halls Bookstores Apartments and Dwellings Other Activities

1951-52 I 885,209
2,Oll+,8l8 1,275,1+27
210,728 31+6,11+3

1952-53 $ 953,950
2,179,369 1,258,336
21+7,253 299,259

(Decrease)
1 68,71+1 l61+,55l (17,091) 36,525 (lt6,881t)

Total Receipts

$4732,325 $1+,938,167 $205,81+2

Expenditures for Auxiliary Enterprise Operations Amounted to $!/,211,555,

The Auxiliary Enterprise expenditures for 1952-53 were *118 ,7 2 7 less than the

expenditures of J/,260,282 made during 1951-52. Outlined below is a comparison of the expenditures for the past two years.

Increase or

Dormitories Dining Halls Bookstores Apartments and Dwellings Other activities

1951-52 687,1/11
1,977,219 1,210,1141
100,897
28I4,6lla

1952-53
$ 696,229
2,01/8,185
1 ,1 2 5 ,3 1 0
92,385
21/9 ,1/1/6

(Decrease)
1 8,818 70,966
(81/, 831)
(8,512) (35,168)

Total Expenditures

$14,260,282 $1/,211,555 5(1/8,727)

Auxiliary Enterprise Operations result in a net income of $712,769.
Considered on an accural basis as reflected in the statement of surplus found
later in this report, the income from operations exceeded expenditures by $7 1 2 ,76 9 .
This represents a substantial increase over the net earnings of only 51/00,0l/5 for the previous year. In addition to the net income, the surplus account was also increased by a reduction in surplus reserves of $6,927, making a total to be added to the surplus account of $719,696. During the year $1/01,570~ was transferred from
the surplus account to Plant Funds, and $14,330 was transferred to other funds. This resulted in a net increase in the surplus account during the year of $3 1 3 ,5 9 6 , leaving
a surplus at June 30, 1953, of $1,21/3,815 as compared with $930,019 at June 30, 1952.
Income for Student Aid amounted to $31/7,338.
During the year, income for student aid was received in the amount of $3147,338
as compared with $302,965 for the previous year. Of this amount $182,000 was allocated
by the Board of Regents from the State Appropriation; $1 /45,000 for scholarships to
Negro students attending institutions other than units of the University System, and 37,000 for the Southern Regional Education Board. Listed below are the sources from which this income was received as compared with the previous year.

Endowment Income Gifts and Grants State of Georgia

1951-52 $ 18,81/5
131,870 152,250

Total Income

$302,965

Expenditures for Student Aid amounted to $3 3 3 ,2 3 1 *

1952-53
1 6,61/2
158,696
182,000
$31/7,338

Increase or (Decrease) 1(12,203)
26,826
29,750
$ 1/1/,373

During the year, $333,231 was expended for student aid as compared with $293,030 for the previous year. The expenditures are compared with the expenditures for 1951-52 in the following summary.

Fellowships Scholarships Other

1951-52
$ 20 ,1/01/
223,1/13
1/9,213

1952-53 $23,212 258,098
51,921

Increase or (Decrease) $2,808
31/,685 2,708

Total Expenditures

$293,030 $333,231

$1/0,201

9

Included under ''Scholarships" above is $120,718 for 1951-52 and $li*7,1*87 for 1952-53 expended for scholarships for Negro students. Included under ''Other" is $36,250 for 1951-52 and $37,000 for 1952-53 paid the Board of Control for Southern Regional Education as the cost of the State of Georgia's participation in this program.

Agency Funds were held amounting to $71*3,861*.

The University System held Agency Funds at June 30, 1953, having a total fund balance of $71*3,861*. This was composed of funds received and held by various units as custodians, and consisted mainly of unexpended student activity fees, funds of student organizations and funds deposited with the institutions by students for safekeeping.

Endowment Fund Assets were increased to $3,956,976.

The University System held Endowment Fund Assets at June 30, 1953 in the amount of $3,956,976. This amount was composed of cash in the amount of -$102,1*85 and investments totaling $3,851*,1*91. Listed below is a summary of the investments at June 30, 1953 as compared with the investments at the end of the previous year.

U. S. Government Bonds State and Municipal Bonds University System Building Authority Bonds Ga. State Hospital Authority Bonds Ga. Institute of Technology Revenue Bonds Preferred and Common Stocks Real Estate Real Estate Mortgages University System Buildings Other Investments
Total Investments

June 30, 1952 $1,570,850
11*9,000 520,000
138,000
1*3,663 127,529
21,750
1, 211*,196
11*,717

June 30, 1953
$ 989,900
11*1 ,0 0 0
1,065,790
138,625
11*3 , 0 0 0 1*1* , 708
127,529 30,650
1,153,851 19,1*38

$3,799,750

$3,85U, 1*91

Of the above assets, $1*3,81*6 was due to other funds; $31,231 was received for the purpose of the trust; and $3,881,899 represented fund balances. This represents An increase of $82,91*0 in fund balances as compared with the fund balance at June 30, 1952.

Student Loan Fund Assets amounted`to $1,217,252.

The total assets of Student Loan Funds at June 30, 1953, amounted to $1,217,252. This amount was composed of cash, $172,259; student notes receivable, $20l*,721j due from other funds, $1*3,5095 and investments totaling $796,763. The investments as compared with those at the end of the previous year were as follows:

U. S. Government Bonds Municipal Bonds University System Building Authority Bonds Ga. State Hospital Authority Bonds Other Bonds Real Estate Real Estate Mortgages University System Buildings Other Investments

u mic j 17^^
*1*57,059
5,000
6,750 13,150
71,358 286,635
11,057

O UliC ^ -L/
$323,009
*,500
1*3,300
la,375 6,750
12,727
99,581*
26it,775
71*3

Total Investments

$85U,009

*796,763

to

The fund balances at June 30, 1953, amounted to $1,217,252; which represents an increase of #5,091 over the fund balance at June 30, 1952.

Income for Plant Additions and Improvements amounted to $3,1+23,138.

During the year the University System received income in the amount of $3,1*23,138 for plant purposes. Of this amount, $2,713,385 was allocated by the Board of Regents from the State Appropriation; $1*73,350 was from sale of plant assets; $168,670 was from gifts and grants; and $67,693 was from other sources.

In addition to the income referred to above, Educational and General funds in the amount of $387,800; and Auxiliary Enterprise funds in the amount of $1*01,570 were transferred to Unexpended Plant Funds for plant purposes.
IS, Plant Fund Expenditures amounted to 378,g9g.

flant Fund expenditures for the year ended June 30, 1953, were as follows:

Plant Additions Land Buildings and Additions Improvements other than Buildings Equipment
Debt Service Building Authority Rentals Other Expenditures
Total Expenditures

$ 113,353 2,906,865 1*73,129 137,565

$3,630,912 279,601
1 ,119,066 31*9,016
$5,376,595

The Plant Fund activities would not be complete without a look at the activities of the University System Building Authority, The Authority is not a part of the University System; therefore, its financial operations are not included as a part of this report. The Authority issues bonds, using the proceeds for the construction of buildings on the campus of units of the University System, and upon completion leases the buildings to the University System, The University System will pay rent on these projects for a period of thirty years, after which time the buildings become the property of the University System. As of June 30, 1953, the Building Authority had issued bonds totaling $20,500,000, of which $19,667,000 were outstanding. Eighteen projects with an estimated total cost of $12,1*12,636 had been completed or were under construction during the year. As of June 30, 1953, $10,605,565 had been expended in the construction of these projects and the Authority held funds in the amount of $11,1*31*,1*1*3 for the completion of unfinished projects and for the construction of additional projects. As will be noted above, the University System paid $1,119,066 to the Building Authority during 1952-53 as rentals for the use of these facilities.
Unexpended Plant Fund Balances amounted to $2,179,586.

Unexpended Plant Funds had assets at June 30, 1953 totaling $2,383,567. This amount was composed of cash, $2,187,870 and temporary investments of $195,697. Of these assets, $6,932 was due to other funds; $197,01*9 was reserved for sinking fund purposes as required under the terms of a trust indenture for the retirement of bonds issued by the Board of Regents for the benefit of the Georgia Institute of Technology; and $2,179,586 represented unexpended fund balances.

II

A Total of $67,17U,1*98 invested in Plant as of June 30, 1953

The University System had an investment in physical plant assets at June 30, 1953, in the amount of $67,17l*,U98. This represents an increase of <15*673*966 over the investment at June 30* 1952. The major items included in this increase are as follows: buildings constructed and under construction by the University System Building Authority, $10,605,565; appraised value of plant donated Valdosta State College by ^mory University, $79l*,305; construction of Rock Eagle Project by University of Georgia, 1*12,079; completion of Veterinary Medicine Building at University of Georgia, $320,718; appraised value of plant acquired by Georgia Institute of Technology from Public Housing Administration at nominal purchase
price, ^U86,U725 and completion of Steam Distribution System at Georgia Institute
of Technology, 257,669. Mary smaller projects were under construction during the year and go to make up this increase together with equipment ourchased from current funds and included as current expenditures. The investment in plant as compared with that at June 30, 1952 is summarized as follows:

Land Buildings Improvements other than Buildings Equipment
Total

June 30, 1952
$ 3,261*,969' ~
30,669,035.
3,263,235 11**303,293

June 30, 1953
$ 3,355,62h" 1*3,363,201
1*,1*11,755
16,01*3,878

151,500*532 <67,17!*,1*98

During 1952-53, $96,000 of Series '`A " Georgia Institute of Technology Revenue Bonds were retired, leaving a balance of $2,503,000 outstanding at the end of the
year; $302,000 at 2-\h, $1,709,000 at 2-^%, and $1*92,000 at 2% With maturity dates
to May 1, 1978.

In addition to the bonded indebtedness referred to above, a total of $1,1*18,626 was due to Endowment and Student Loan Funds for amounts invested in revenue producing projects at various units of the University System. This amount is being amortized over a period of years from the net revenues of the projects financed by these loans. This amount is invested in plant assets of the following units:

University of Georgia Georgia Institute of Technology North Georgia College Ga. State College for Women Fort Valley State College Savannah State College

$ 966,61*0 21*3,007 3U,36i* 11*0,339 10,281* 23,992

Total

$1,1*18,626

It will be noted above that the buildings constructed by the University System building Authority have been included in the plant assets of the University System. This is done even though title to the buildings is held by the Building Authority. Inasmuch as the buildings become the property of the University System after the bonds issued to obtain funds for construction are retired, the buildings are included as an asset of the University System with a liability set up for the equity of the University System Building Authority in the pro-rata amount of bonds outstanding applicable to the projects included as assets. This equity at June 30, 1953 amounted to $9,U33,U35 as against assets included of $10,605,565

12

with a total investment in plant of -6 7 ,1 7 h,l498, against which bonds ere
outstanding in the amount of 2,503,000, 31,1*18,626 was due to endowment and Student Loan Fundsj and an equity of 69,ll33>l*35 held by the University System Building Authority $ the University System had a net invest.ent in plant of $53,819,1*37.
General Comments On the following pages of this report will be found various consolidated statements relating to the year's operations, statements of Educational and General and Auxiliary Surplus, and the assets and liabilities of the University System at June 30, 1953. In addition to the consolidated statements, detailed financial reports covering the operations of the individual units of the University System may be found in this report*
13

UNIVERSITY SYSTEM OF GEORGIA CONSOLIDATED BALANCE SHEET J u n e '30, 1953

ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand and in Banks Accounts Receivable Due from Other Funds

$ 1,979,85U.37
503,956.57 16,087.10

TOTAL GENERAL FUNDS

$ 2,1*99,898.01*

B. RESTRICTED Cash on Hand and in Banks Accounts Receivable

511*, 123.1*0 73,873.71

TOTAL RESTRICTED FUNDS

587,997.11

C. AUXILIARY Cash on Hand and in Banks Investments (Temporary) Accounts Receivable Stores (Investories)

, $ 1,215,1*32.08 100 000.00 75,262.25 366,715.35

TOTAL AUXILIARY FUNDS

1,757,1*09.68

TOTAL CURRENT FUNDS

t-1*,81*5,301*.83

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

I 728,019.1*1* 1,1*21*.50
ll*, 1*19.83

TOTAL AGENCY FUNDS

$

. hi ENDOWMENT FUNDS

Cash on Hand and in Banks

Investments

U. S. Government Bonds State And Municipal Bonds

$ 989.900.00
lia,000.00

Univ. System Building Authority Bonds 1,065,789.92

Georgia State Hospital Authority Bonds 138.625.00

Georgia Institute of Technology Revenue Bonds

11*3 , 000.00

Preferred and Common Stock

1*1*,707.90

Real Estate

127,529.1*1

Real Estate Mortgages

30,61*9.36

University System Buildings

1,153,850.56

Other Investments

19,1*38.35

$ 102, 1*85.36
3,851* ,1*90.50

71*3,863.77

TOTAL ENDOWMENT FUNDS

I 3,956,975.86'

14

ASSETS (Continued)

IV. STUDENT LOAN FUNDS

Cash on Hand and in Banks

Student Notes Receivable

Due from Other Funds

Investments:

U. S. Government Bonds

$

Municpal Bonds

Univ. System Building Auth. Bonds

Georgia State Hospital Auth. Bonds

Other Bonds

Real Estate

Real Estate Mortgages

University System Buildings

Other Investments

$
323,008.75 1*,500.00
1*3,300.00
l a ,375.00
6,750.00 12,726.91 99,581*.29 261*,775.1*6
71*3.00

172, 258.82 20U,720.56
1*3,509.19
796,763.Ul

TOTAL STUDENT LOAN FUNDS

# 1,217,251.98

V. PLANT FUNDS A. UNEXPENDED Cash in Bank Investments (Temporary)

$ 2,187,870.19 195,697.02

TOTAL UNEXPENDED PLANT FUNDS

# 2,383,567.21

B. Invested in Plant

Land

$ 3,355,623.58

Buildings

1*3,363,201.13

Improvements other than Buildings 1*,1*11,795.08

Equipment

16,01*3,878.31*

TOTAL INVESTED IN PLANT

#67,171*, 1*98.13

TOTAL PLANT FUNDS TOTAL ASSETS

69,558,065.31* #80,321,1*61.78

UNIVERSITY SYSTEM OF GEORGIA CONSOLIDATED BALANCE SHEET June 30, 1953

LIABILITIES, SURPLUS AND FUND BaLa NCES

I. CURRENT. FUNDS A. GENERAL Accounts Payable Purchase Orders Outstanding Unearned Income Other Reserves Unappropriated Surplus

$ 152,390.32 218,855.09 207,175.61 61,567.21
1,859,909.81

TOTAL G.
B. RESTRICTED Fund Balances

FUNDS

3 2 ,U99,898.OU
3 587,597.11

TOTAL RESTRICTED FUNDS
C. AUXILIARY Accounts Payable Due to Other Funds Purchase Orders Outstanding Unearned Income Reserve for Stores Other Reserves Unappropriated Surplus
TOTAL AUXILIARY FUNDS

587,997.11

% 59,861.95 12,000.00
11,91*9.56
51,172.57
366,715.35
11,895.00
1,21^3,815.25

1,757,1*09.68

TOTAL CURRENT FUNDS
II. AGENCY FUNDS Fund Balances

v R,81*5,301*.83 I 71*3,863.77

TOTAL AGENCY FUNDS
in. ENDOWMENT FUNDS . Due to Other Funds Reserve for Purpose of Trust Fund Balances

$ 1*3,81*6.05 31,231.03
3,881,898.78

71*3,863.77

TOTAL ENDOWMENT FUNDS

$ 3,956,975.86

IV. STUDENT LOAN FUNDS Fund Balances

$ 1,217,251.98

TOTAL STUDENT LOAN FUNDS

$ 1,217,251.98

V. PLANT J UNDS A. UNEXPENDED Due to Other Funds Reserve for Sinking Fund Fund Balances

3

6,931.77

197,01*9.68

2,179,585.76

TOTAL UNEXPENDED PLANT FUNDS 16

$ 2,383,567.21

LIABILITIES (Continued)

V. PLANT FUNDS (Continued)

B. INVESTED IN PLANT

Loans Payable to Endowment Funds S 1,153,850.56



Loans Payable to Student Loan Funds 261+,775.1+6

Bonds Payable

2,503,000.00

Equity of University System

Building Authority

9,i+33,l+3l+.77

Investment in Plant

53,819,1+37.31+

TOTAL INVESTED IN PLANT

$67,171+,1+98.13

TOTAL PLANT FUNDS'

$69,558,065.31+

TOTAL LIABILITIES, SURPLUS AND FUND BALANCES

$80,321,1+61.78

UNIVERSITY SYSTEM OF GEORGIA

STATEMENT OF AVAILABLE FUNDS AND APPLICATION OF FUNDS

FOR CURRENT AND PLANT PURPOSES

For Year Ended June 30, 1953



AVAILABLE FUNDS Cash Balance (Including Temporary Investments) July 1, 1.952 General Restricted Auxiliary Plant Regents Allotment Account
TOTAL CASH AVAILABLE JULY 1, 1952

$ 1,392,505.67 kOl,319.6k 99k,720.69
3,5k6,985.0k
260,1 U6.08

6,695,677.12

Income Received During the Year State Appropriation Internal Income Educational and General Auxiliary Enterprises Student Aid Plant
TOTAL INCOME

$12,606,236.32

$10,063,036.Ok k,938,I66.6O
165,338.kk 709.753.1k

1 5 i876,29k.22

28,k82,530.5k

Non-Income Receipts for the Year Transfer from Building Authority for Architectural Fees Transfer from Other Funds
TOTAL NON-INCOME
TOTAL AVAILABLE FUNDS

$ k3,2k7.10
k, 500.00
k7.7k7.10
$35,225.95k.76

APPLICATION OF FUNDS Expenditures Educational and General Auxiliary Enterprises Student Aid Plant
TOTAL EXPENDITURES
Non-Expense Transfer to Endowment Funds Transfer to Univ. of Ga. Endowment Funds Other items
TOTAL NON-EXPENSE
Cash Balance (Including Temporary Investments) June 30, 1953 General Restricted
18

$19,067,160.02 k , 211,55k.78 333,231.08 5.378,59k.65
$28,990,5k0.53

$ 3k,328.66
8,000.00
_______ 108.51

k2,k37.17

$ 1,67k,107.27 lk,123.k0

AVAILABLE FUNDS (Continued)
APPLICATION OF FUNDS (Continued) Cash Balance (Continued) AuxiliaryPlant Regents Allotment Account
TOTAL CASH AVAILABLE June 30, 1953
TOTAL FUNDS APPLIED

$ 1,315,1*32.08 2,383,567.21 305,71*7.10
$ 6,192,977.06
$35,225,951*.76

19

UNIVERSITY SYSTIR 0? GEORGIA STATEMENT Of CURRENT SURPLUS
June 30, 1953

Educational and General

Surplus, July 1, 1952

Additions:

Excess Income over Expenditures

Current Income Realised

319,706,200.ll|

Add: Increase :'.n ncccunts Rec.

113,2149.95

Decrease in Unearned Income _____ 14,095.22

Current Income Earned

Deduct: Current expenditures

Cash Expenditures

319,067,160.02

Add: Increase in accounts Pay.

105,629.60

Current Expenditures

Transfer from Other Funds

Surplus July 1, 1952 Plus Additions

Deduc tions:

Transfer to Plant Funds

Increase in Surplus Reserves

Decrease in Regents Allotment Account

Transfer to Other Funds

Surplus Adjustments

;a9,823,5145.31
19,172,789.62
<# 387,799.50 105,191.13 5U,398.98 l,23l4.U3
2,265.146

I 1,750,309.19
650,755.69
r 9,73h.h3 4 2,1.410,799.31
550,889.90

Surplus June 30, 1953

1,859,909.81

auxiliary Enterprises

Surplus July 1, 195?

Additions:

Excess Income over Expenditures Current Income Realized

$ I4,938,166.60

Add: Decrease in Unearned Income

6,028.0-U

Deduct: Increase in Accounts

Receivable

Current Income Earned

Deduct: Current Expenditures

Cash Expenditures

3 lt,2Il,55l4.78

Add: Increase in Accounts

Payable

1,115.58

Decrease in Inventories

6,927.65

Current Expenditures

Decrease in Surplus Reserves

Surplus July 1, 1952 plus additions

Deductions:

Transfer to Plant Funds

Transfer tro Other Funds

% U,9UU,19lj.61+
11,827.72 V 14,932,556792
3 14,219,598.01
I 1401,570.20 14,330.23

I 930,019.12
712,768.91 6,927.65
|'l,649,75.65 1405,900.143

Surplus June 30, 1953

1,2143,815.25

20

UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF EDUCATIONAL AND GENERAL INCOME
For Year Ended June 30# 1953

student W es 1

Non-Resident Summer

Matriculation Tuition

School

Other

Gifts Grants & Endowments

Government Other Than
00 Alle "b

Sales and
Services

Other

Total Internal Income

State Allotment

idjustments

Total

in State Allot- Income

ment Paid *

Received

SENIOR UNITS (WHITE)

University of Ga. Athens $ 627,394.55

Atlanta Division

403,377.19

General Extension

271,179.12

Agric. Exp. Stat ions

Aerie. Ext. Service

Ga. Institute of Tech.

555,099.76

Engineering Exp. Sta.

Engineering: Ext. Div.

247,814.38

Medical College of Ga.

127,604.57

North Georgia College

62,113.50

Ga. State College For Women 75,025.00

Ga. Teachers College

74,572.80

Valdosta State College

38,389.75

#212,085#92 132,741.75
426,636.63 66,538.33
4,376.00 2,210.00 6,028.87 4,572.43

$136,120.77 82,752.42
1287609.03
12,203.85 30,250.39 38,573.28 10,291.61

$ 79,629.81 2,342.98
61,766.33
7,934.77 1,201.00 6,583.30 12,546.00 9,737.13 7,027.07

$275,367.46
123,840.34 39,595.76 93,672.34 6,715.43
230,162.19 800.00
2,000.00

$ 219#560.50
390,055.89 1,264,100.50
18,654.93 7,500.00
87,315.68 37,583.83

$ 89,996.75
19,308.73 652,096.91
14,702.29
1,789,218.77
15,215.03

$ 17,363.25 31,120.11
19,079.56
16,224.27
1,626.35 476.10
6,096.99 4,666.00
200.00

$ 1,657,519.01 652,834.45 290,487.85
1,185,072.70 1,318,398.55 1,282,008.42 1,795,934.20
340,942.41 383,309.14
86,557.75 215,444.06 171,161.91
60,480.86

#2,106,500.00 500,000.00 64,000.00 955,000.00 750,000.00
1,625,000.00 100,000.00 85,000.00 595,750.00 285,000. OC: 475,000.00 300,000.00 172,000.00

# 4,898.85 (59,881.82) (57,337.82) 6,784.01
(26,284.61) (9,959.97) 14,424.18 27,024.42 1,204.46

JUNIOR UNITS (WHITE) Ga. Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agric. Col.

14,897.25 21,423.97 15,050.00 23,271.67 18,436.46

372.30 2,122.74 1,460.00 3,705.55 2,251.76

72.30 3,941.50
2,322.18

1,822.60 3,141.82 2,010.00 3,696.20 1,648.60

1,172.42

27,256.17

450.00 2,703.50 2,000.00
6,904.32

17,614.45 34,505.95 20,500.00 30,673.42 58,819.49

95,000.00 129,000.00
97,000.00 114,000.00 124,000.00

(3,828.53) (17,442.13)
(5,949.85) 3,987.29

SENIOR UNITS (NEGRO) Albany State College Fort Valley State College Savannah State College

42,142.24 70,749.31 82,075.09

2,277.25 150.00
44,505.54

19,206.55 25,966.64 32,139.94

8,681.70 8,798.21 11,309.55

2,316.75

64,460.77 20,333.00

14,173.52 921.55

120.00 2,475.57 6,454.24

72,427.74 189,090.77 197,738.91

262,000.00 340,000.00 450,000.00

(18,633.17) (6,369.46)

GENERAL AND OTHER Central Office Soil Conservation Commit.

1,500.00

14.00

1,514.00

120,000.00 25.000.00

3.278.25

GRAND TOTAL

2.770.59.6.61 $912,055.07 $522,450.52 $230,382.07 $775,970.27 $2,110,737.52 $2,622,889.72 $117,974.26 $10,063.036.04 $9.767,250.00 $(124.085.90)

# 5,768,917.86 1,092.952.63 317,150.03 2,146,856.71 .2#068,398. 55 2,907,008.42 1,895,934.20 425,942.41 950,774.53 361,597.78 704,868.24 498,186.33 233,685.32
108,785.92 146,063.82 111,550.15 148,660.71 182,819.49
315/794.57 529,090.77 641,369.45
121,514.00 28.278.25
$19,706.200.14

* This column represents amounts payable on State Allotment at July 1, 1952, less amounts payable at June 30, 1953.

21

SENIOR UNITS (WHITE) University of Georgia - Athens >jfl Atlanta Division General Extension Agricultural Experiment Stations Agricultural Extension Service Georgia Institute of Technology Engineering Experiment Station Engineering Extension Division Medical College of Georgia North Georgia College Georgia State College for Women Georgia Teachers College Valdosta State College
JUNIOR UNITS (WHITE) Georgia Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agricultural College
SENIOR UNITS (NEGRO) Albany State College Fort Valley State College Savannah State College
GENERAL AND OTHER Central Office Soil Conservation Committee
GRAND TOTAL

UNIVERSITY SYSTEM OF GEORGIA STATEMENT 0? EDUCATION/ L ANT GENERAL EXPENDITURES
For Year Ended June 50, 1953

Administrative Student

and General

Welfare

Plant Operai iolns

Library

Instruction

Activities Related to Instruction Research

Extension

Total Expenditures

237,191.84 116,965.08 447,753.18 246,486.68 2,116,654.81

134,545.64 16,115.64

121,882.60 99,735.16

693,269.25

241,288.73 211,466.93 3,617,807.25

8,984.84

8,072.64 1,082,506.77

30,131.78

1,213.97

156,712.13 50,195.15

87,212.85

325,521.88

115,520.78

65,342.58 13,523.58

300,303.35 1,604,270.95

2,096,561.22

2,009,258.89 2,009,258.89

508,868.49 109,149.76

592,014.53 143,535.95 1,787,797.41

56,951.63

2,798,317.77

1,862,407.28

1,862,407.28

391,594.10

391,594.10

51,673.55

53,495.07 11,144.54

388,427.46 230,521.97

146,545.87

3,719.85

885,526.29

48,018.69

22,475.94

72,984.73 19,179.88

186,303.79

348,965.05

72,697,44 28,021.74

90,541.78 54,452.82

402,156.08

2,340.85

21,342.69

651,553.40

57,963.49 42,475.56

15,774.92 8,740.26

68,3*33.45 34,923.25

27,160.26 117 j CO

308,345.89 127,486.80

477,628.01 226,747.20

31,701.85 25,752.31 27,098.24 33,736.15 27,034.90

2,901.97 1,750.67 2,800.00 3,851.88 4,489.92

26,581.50 25,3i42.90 26,576.00 23,070.37 27,861.24

4,650.25 6,110.35 5,850.00 4,975.25 7,181.40

44,458.72 76,693.57 52,549*26 72,891.80 66,661.52

30,417.94

1,087.54 11,317.26

110,294.29 156,717.14 114,873.50 138,525.41 174,963.98

63,577.29 74,060.43 90,536.91

11,881.44 11,719.66 20,908.55

49,543.10 70,607.62 116,616.15

16,054.97 43,451.61 31,703.4|L

176,367.92 278,920.69 359,728.87

22,368.34

2,155.87

21,031.07 3,035.94

317,424.72 524,315.29 622,559.63

125,145.99 $1.595.561.29 $377.547.23

27,866.98

125,145.99 27,866.98

#728.118*44 $7.295.405.57 $633.806.73 $3.924,944.02 $2,797.006.74 $19.067.160.02

22

UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF CURRENT AUXILIARY INCOME
For Yaar Ended June 30, 1953

Dormitories Dining Halls Bookstore______ Apartments

Other______ Total

Senior Units (White)

University of Georgia

328,952.81 $ 1400,657.814 $ 307,639.52 $

$ 52,095.914 $1,089,3146.11

Atlanta Division

156,665.50

l,778.50

198,Ul4l4.00

Ga. Institute of Technology 296,U30.11

67U,797.79

00,7314.014 197,U37.99 91,671.07- 1,761.071.00

Medical College of Georgia

Ul,192.39

141,192.39

North Georgia College Ga. State College for women Georgia Teachers College

143,60 6 .6 2
71,911.82
142,089.93

133,626.38 2114,862.39 151,108.13

145,990.69 214,631.78 143,535.21

16,338.87 10,290.00

27,75.8.76 33,58l.i4U 11,695.71

267,321.32
355,2 7 7 .U3 2148,1428.98

Valdosta State College

l5,5Ul.lii

58,019.36

11,119*72

3,915.00

88,595.22

Junior Units (White) Ga. Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agr. College

10,19U.80
15,937.72
1 2 ,1 6 1 .0 0 1 6 ,9143.148
lit,056.15

33,990.U8
146,1492.146
36,112.70
52,7514.13
59,036.69

12,265.15 8,082.96
12,l8U.65 12,967.72
8,710.85

3,232.U3
7,799.00 1,781i.95 3,028.0U

6,5614.95
2,239.98
950.00

59,682.86 77,073.09 68,257.35 86,690.26 85,781.73

Senior Units (Negro) Albany State College Ft. Valley State College Savannah State College
TOTAL

25,0143.19 39,082.50 21,999.03
1953,950.30

78,550.02 1140,115.93
99,2l4a. Oli
$2,179,368,3h

17,2l46.l4l4 214,909.00 . 30,1460.25
$1,258,335.87

3,9146.30 3,395.25
$2147,252.83

826.31 11,3014.114 114,877.146
$299,259.26

121,665.96 219,357.87 169,976.03
$14,938,166.60

UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF CURRENT AUXILIARY EXPENDITURES
For Year Ended June 30, 1953

Dormitories Dining Halls Bookstore

Apartments

Other

Total

Senior Units (White)

University of Georgia Atlanta Division

$20l*,02l*.98 $ 1*09,1*62.1*7 $ 309,520.1*0 $ 121*,1*92.11*

Ga. Institute of Technology 180,926.51*

590,181*. 90

1*09,007.56 57,965.01*

Medical College of Georgia North Georgia College

56,881.1*9

128,761.59

27,751*.35 1*1,581*.31 11,038.78

Ga. State College for Women Georgia Teachers College Valdosta State College

62,1*59.91 31*,621.1*8
20,391*.37

198,911*.1*7 131*, 135.55
1*7,78i*.01

2l*,l*2l*.13 1*3,193.36
9,^70.20

2,1*85.50

$ 59,792.1*7 3,619.89
98,818.62
10,202.99 30,795.61 10,701.58
2,311.26

$ 982,800.32
128,112.03 1,336,902.66
27,751*.35
21*8,1*69.16 319,079.62
222,651.97 80,059.81*

Junior Units (White) Ga. Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agr. College

10,950.31* 12,071.29 10,398.88 11,137.91
ll*,670.86

33,933.1*1 1*9,397.93 36,117.29 1*7,978.07 61,319.53

12,612.37 7,1*12.27
12,1*26.81 12,51*1.21
9,31*6.68

3,177.19
7,673.60 1,561.00 1*,575.78

2,11*9.73 10,61*0.90
1,51*2.57

62,823.01*
79,522.39 66,616.58
71*,760.76
89,912.85

Senior Units (Negro) Albany State College Fort Valley State College Savannah State College
TOTAL

1 6 ,197.26 1*3 ,610.82
17,882.98

71*, 202.1a
127,077.58
108,915.53

16,322.61 25,227.91* 39,873.81*

2,1*62.86
1,1*1*5,1*9

$696,229.11 $2,Ol*8,l81*.7l* $1,125,310.18 $92,385.21*

9,231.32 9,638.57

106,722.28 207,610.52 177,756.1a

$21*9,1*1*5.51 $1*,2 11,551*.78

UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF INCOME FOR STUDENT AID
For Year Ended June 30, 1953

Gifts Endowment & Grants

State Allotment

Total

Senior Units (White)

University of Georgia Ga. Institute of Technology Ga. State College for Women

$ l,02l*.l*6 $ 22,297.U3 $

512.15 13U,599.27

5,105.13

1,000.00

$ 23,321.89 135,111.1*2 6,105.13

Senior Units (Negro) Fort Valley State College

800.00

800.00

Other Activities
Graduate Scholarships for Negroes Southern Regional Education Board

ii*5,ooo.oo 11*5,000.00
37,000.00 37,000.00

TOTAL INCOME

$ 6,61*1.71* $158,696.70 $182,000.00 $31*7,338.1*1*

STATEMENT OF EXPENDITURES FOR STUDENT AID For Year Ended June 30> 1953

Fellowships Scholarships Other

Total

Senior Units (White)
University of Georgia Ga. Institute of Technology Ga. State College for Women

$

$ 22,093.96 $ 1,000.39 $ 23,091*.35

23,211.62 82,013.1*2 13,920.51* 119,11*5.58

5,703.96

5,703.96

Senior Units (Negro) Fort Valley State College

800.01

800.01

Other Activities

Graduate Scholarships for Negroes Southern Regional Education Board

11*7,1*87.18

11*7,1*87.18 37,000.00 37,000.00

TOTAL EXPENDITURES

$ 23,211.62 $258,098.53 $ 51,920.93 $333,231.08

25

UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF UNEXPENDED PLANT FIJI INCOME
For Year Ended June~30, 1953

State Allotment

Gifts & Grants

Governmental Sale

Other Than

of

State

Plant

Allotment Assets

Other

Total

Senior Units (White)

University of Georgia - Athens $ 197,699.Ul

Atlanta Division

3 ,000.00

Agrie. Experiment Stations

78,500.00

Agrie. Extension Service

300,180.71*

Ga. Institute of Technology

199,023.75

Medical College of,Georgia North Georgia College Ga. State College for Women

60,805.58
87,000.00 1*7,500.00

Georgia Teachers College Valdosta State College

73,500.00
7U,500.00

$.

$

$1*5 1 ,105.00 $ 5,102.96 $ 653,907.37 3 ,000.00

108,11*7.81 60,522.1*0 50,000.00

17,329.50 3,255.65

1*,310.50

95,829.50 1*08,328.55 317,112.30

1 ,000.00

60,805.58
88,000.00 1*7,500.00 73,500.00 7l*,5oo.oo

Junior Units (White) Ga. Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agrie. College

li*, 750.00
16.750.00
li*, 750.00
76.500.00 70,900.00

li*,750.00
16.750.00
li*, 750.00 76.500.00 70,900.00

Senior Units (Negro) Albany State College Fort Valley State College Savannah State College

)48,000.00 126,870.00
1014,090.00

1 ,700.00

1*82.00
289.58

50,182.00
127,159.58
10l*,090.00

General and Other Building Authority Rentals Little Library Fund
TOTAL INCOME

1 ,119,065.82
$2,713,385.30

1 ,119,065.82

6,507.7i*

6,507.7U

$168,670.21 $50,000.00 $1*73,390.15 $17,692.78 $3,1*23,138.1*1*

SENIOR UNITS (WHITE) University of Georgia - Athens Atlanta Division Agricultural Experiment Stations Agricultural Extension Service Georgia I nstitute of Technology Medical College of Georgia North Georgia College Georgia State College for Women Georgia Teachers College Valdosta State College
JUNIOR UNITS (WHITE) Georgia Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agricultural College
SENIOR UNITS (NEGRO) Albany State College Fort Valley State College Savannah State College
GENERAL AND OTHER Campus Development Plans Architect Fees Building Authority Rentals Ilah D. Little Library Fund
GRAND TOTAL
27

UNIVERSITY SYSTEM CF GEORGIA S T M E M E N T OF UNEXPENDED PLANT FUND EXPENDITURES
For Year Ended June 30, 1953

Land

Plant Additions

Buildings &

Improvements

Additions to Other Than

Buildings

Buildings

.Equipment

Building

Indebtedness Interest on Other

Authority

Retired Indebtedness Expenditures Rentals

$ 13,666.50 sp 380,727.64

99,353.96

$ 23,159.55

$ 55,896.77

$ 30,676.70

$208,474.69

a $

593,952.16

18,345.67

121,458.96 11,595.31

9,249.94

24,565.47

412,070.79

11,523.75

156,489.87 271,254.53 42,373.62 114,351.25 66,074.30 21,731.23

50,305.58

16,212.31

1,655.66

5,167.65

72,429.58

2,392.67 10,837.59

930.91

l,/)58.84

6,448.12

76,382.10

1,500.00

3,885.14

.3,709.26

3,696.27

66,959.28

2,000.69

2,496.90

78,100.00

1,500.00

2,469.76

Total
$ 811,955.81 593,932.16 185,215.35 412,078.79 683,798.55 68,173.55 99,265.36 89,172.77 71,456.87 82,069.76

12,500.00

26,637.69 19,036.50 40,550.28 51,135.83 51,869.14

828.86 593.47 1,000.00 8,578.42 62,033.19

1,014.29 2,652.05 7,007.52 5,298.08

5,778.60 1,157.89 10,372.57

27,466.55 26,422.86 45,340.22 89,592.34 119,200.41

1,843.41

26,040.77 126,851.30
91,133.84

1,202.40 8,329.85
965.38

6,333.89 7,063.92

722.01 1,259.46

467.75 757.54

33,577.06 143,434.83
95,959.63

Sll3.352.56

515,053.54

24,479.32 41,883.10

1,119,065.82

24,479.32 41,883.10 1,119,065.82 515.053.54

12.906.865.27 S473.128.73 S137.564.80 4176,869.66 $102.731.40 $349.016.41 $1.119.065.82 $5.378.594.65

REGENTS ALLOTMENT ACCOUNT GENERAL ACTIVITIES

AND

FINANCIAL REPORT

FOR THE YEAR ENDING JUNE 30, 1953

29

BALANCE SHEET June 30, 1953

ASSETS

I. CURRENT FUNBS A. GENERAL OPERATING FUND Cash in Bank Due from Allotment Account

$ 8, 020.08 1353007 $ 21,50.1*

B. REGENTS' ALLOTMENT ACCOUNT Cash in Bank
TOTAL CURRENT FUNDS

715,157.88

$736,708.03

II. PLANT FUNDS Cash in Bank
TOTAL ASSETS

39,697.14; $776,UQ5.U7

LIABILITIES

I. CURRENT FUNDS A. GENERAL OPERATING FUND Surplus Central Office Soil Conservation Graduate Scholarships TOTAL GENERAL OPERATING FUND

$ 2,622.78
17,320.05 1,607.32 $ 21,550.15

B. REGENTS' ALLOTMENT ACCOUNT Allotments Payable Surplus TOTAL REGENTS' ALLOTMENT ACCT.
TOTAL CURRENT FUNDS

$U09,U10.78

305,7U7.10

------

715,157.88

$736,708.03

II. PLANT FUNDS Fund Balance
TOTAL LIABILITIES AND SURPLUS

39,697.14; $776,U05.U7

REGENTS ALLOTMENT ACCOUNT STATEMENT OF RECEIPTS AND DISBURSEMENTS
For Year Ended June 30, 1953

RECEIPTS

State Appropriation, General Appropriation Act of 1951

Section 9 (a) - For the cost of operating the State

Board of Regents, and for aid to the University System

$ 6, 61*5*000.00

For annual payment to University of Georgia for old bank stock item

8, 000.00

For the purchase, maintenance, and

operation of mobile soil testing units

70,000.00

For cost of operating the State Soil Conservation Committee

25,000.00

Section 9 (b) - For the cost of use and/or acquiring additions to plant and equipment for the University System from the University System Building Authority

500,000*00

Section 5U(c) - For aid to University System for maintenance and for new buildings, plant, and equipment

1*,985,000.00

Total State Appropriation provided by Appr. Act

$12,233,000.00

State Appropriation - Special Budget Balancing Adjustments

For development of Rock Eagle Project $300,l80.7U

For acquisition of property for

Medical College of Georgia

51*,305*58

For increased aid for Indigent Patients

at Medical College of Georgia

18,750*00

Total Special Appropriations

373,236.32

Total State Appropriation Refund of Allotments made in Previous Years

$12, 606, 236.32
10,000.00

TOTAL RECEIPTS

$12,616,236.32

DISBURSEMENTS Payment on Allotments for Educational and General Operations Payment on Allotments for Plant Additions and Improvements Payment on Allotments for Other Purposes

$ 9,61*3,161*.10
2,713,385.30 190,000.00

TOTAL DISBURSEMENTS Excess of Receipts over Disbursements Cash Balance, July 1, 1952
Cash Balance, June 30, 1953

12,51*6,51*9.1*0
I-- & ; m ; n
61*5,1*70.96
$ 715,157.88

31

REGENTS ALLOTMENT ACCOUNT STATEMENT OF ALLOCATIONS BY BOARD OF REGENTS
For Year Ended June 30, 1953

Educational and General
Operations

Plant Addi tions and Improvements

Other

Total

Senior Units (White) University of Georgia Atlanta Division Agr. Extension Service Agr. Experiment Stations General Extension Service Ga. Institute of Technology Engineering Experiment Station Engineering Extension Division Medical College of Georgia North Georgia College Ga. State College for Women Georgia Teachers College Valdosta State College

$ 2,106,500.00 $
00,000.00 750,000.00
955,000.00
61*, 000.00 1 ,625,000.00
100,000.00 85,000.00
593,750.00
285,000.00 1*7,000.00
300,000.00
172,000.00

197,699.Ul $
3,000.00
300,180.7U
78,00.00
199,023.7
60,80.8 87,000.00 1*7,00.00
73,500.00 714,500.00

8,000.00 $ 2,312,199.1*1
03,000.00
l,00,l80.7l*
1,033,500.00
61*, 000.00
l,82l*,023.75
100,000.00
85,000.00
65U.555.58
372,000.00
22,500.00
373,500.00
21*6,00.00

Junior Units (White) Georgia Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agr. College

95,000.00 129,000.00 97,000.00 111*,000.00 121*,000.00

114,750.00 16,750.00
114,750.00
76,00.00 70,900.00

109,70.00
Ii*,70.00 1 1 1 ,70.00
190,00.00
191*, 900.00

Senior Units (Negro) Albany State College Fort Valley State College Savannah State College

262,000.00 3140,000.00 0,000.00

1*8,000.00 126,870.00 1014,090.00

310,000.00 1*66,870.00 1*,090.00

General Activities and Other Regents Central Office Graduate Scholarships for Negroes Southern Regional Education Board Soil Conservation Committee Univ. System Building Authority

120,000.00 2,000.00

1 ,119,06.82

li*,000.00
37,000.00

120,000.00 ll*,000.00 37,000.00
2,000.00 1 ,119,06.82

Total Allocations

$9,767,20.00

Add: Allocations for previous

year unpaid at June 30, 192 28,32i*.88

Total Allocations Payable

$10,o 2,71*.86

$2,713,38.30 $190,000.00 $12,670,63.30
28,32l*.88
$2,713,385.30 $190,000.00 $12,955,960.10

Deduct: Allocations Unpaid at June 30, 1953

1*09,10-0.78_________________________________1*09,1*10.78

Total Payments on Allocations $ 9,61*3,161*.10 $2,713,3830 $190,000.00 $12, 1*6,1*9.1*0

32

GENERAL ACTIVITIES STATEMENT OF INCOME For Year Ended June 30, 1953

I. CURRENT INCOME A. EDUCATIONAL AND GENERAL Governmental - State of Georgia Regents Central Office State Soil Conservation Committee Plus Amount Payable from Prev. Yrs. Less Amount Payable at end of year
TOTAL GOVERNMENTAL
Gifts and Grants Miscellaneous
TOTAL EDUCATIONAL 'AND GENERAL INCOME

$ 120, 000.00

$25, 000.00 16, 808.32 $1*1*808.32

---

13.530.07

28,278.25

$ 11*8,278.25

1 ,500.00
11*.00

$ 11*9.792.25

B. OTHER INCOME Governmental - State of Georgia Graduate Scholarships for Negroes Southern Regional Education Board TOTAL INCOME FOR OTHER PURPOSES
TOTAL CURRENT INCOME

, $ 11*5, 000.00 37 000.00
$ 18^,00(7105
$ 331,792.25

II. PLANT FUNDS Governmental - State of Georgia University System Building Authority Rentals

$1 , 119, 065.82

Other Sources Interest on Investments
TOTAL PLANT FUND INCOME

$ 6,507.71* $1,125,573.56

NON-INCOME Sale of Temporary Investments
TOTAL PLANT FUND RECEIPTS
TOTAL INCOME

$ $00, 000.00
$1,625,573.56 $1,1*57,365.81

33

GENERAL ACTIVITIES STATEMENT OF EXPENDITURES For Year Ended June 30, 1953

Total

Object Classification

Operating

Personal

Supplies

Services

& Expense

Equipment

CURRENT EXPENDITURES A. EDUCATIONAL AND GENERAL
Administrative & General Regents Central Office
Extension Soil Conservation Com.

$ 125,1U5.99 $ 86,377.85 27,866.98 19,105.96

TOTAL EDUC. & GENERAL

$ 153,012.97 $105,U83.8l

B. OTHER PURPOSES

Graduate Schol. for Negroes $ 1U7,U87.18

Sou. Regional Ed. Board

37,000.00

TOTAL EXP. FOR OTH. PURPOSES $ 18U.U87.18

TOTAL CURRENT EXPENDITURES

$ 337,500.15 |105,U83.81

$ 37,626.18 8,562.26
$ U6,188.UU
$1U7,U87.18 37,000.00
$18U,U87.18 $230,675.62

$1,1U1.96 198.76
$1,3U0.72
$1,3U0.72

PLANT FUNDS Campus Development Plans Architectural Fees Ilah D. Little Memorial Library
(Transferred to University System Bldg. Authority for Construction)
University System Bldg. Auth. Rentals

$ 2U,U79.32 U l,883.10
5 1 5,053.5U
1,119,065.82

TOTAL PLANT EXPENDITURES

$1,700,L81.78

TOTAL EXPENDITURES

$2,037,981.93

34

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1953

Regents Allotment Account Regents Central Office Soil Conservation Committee Grad. Scholarships for Negroes Sou. Regional Educ. Board Campus Development Plans Building Authority Rentals Ilah D. Little Library Fund Architectural Fees
TOTALS

dash Balance July 1, 1952

Receipts

Cash balance Disbursements June 30, 1953

$61*5,1*70.96
6,251*. 77
3,378.71 i*,09l*.30
25,258.55
8,51*5.80 80,801.31

$12,616,236.32
1 2 1 ,5il*.00
28,278.25
11*5,000.00 37,000.00
1 ,119,065.82
506,507.71*

$12 ,51*6,51*9.1*0
125,11*5.99
27,866.98
11*7,1*87.18
37,000.00
21*,1*79.32
1 ,119,065.82 515,053.511 1*1 ,883.10

$715,157.88
2,622.78
3,789.98 1,607.32
779.23
38,918.21

$773,8011.60 $11*,573,602.13 $11*,581*,531.33 $762,875.1*0

BANK BALANCES

Fulton National Bank, Atlanta, Georgia

$

Citizens and Southern National Bank, Atlanta, Ga.

Trust Company of Georgia, Atlanta, Georgia

718,91*7.86
1*2, 320.22
1,607.32

TOTAL

$ 762,875.1*0

35

THE U N I V E R S I T Y OF G E O R G I A FINANCIAL REPORT
FOR THE YEAR ENDING
JUNE 30, 1953
The University of Georgia Athens, Georgia
37

THE UNIVERSITY OF GEORGIA Athens, Georgia
President 0. C. Aderhold The University of Georgia Athens, Georgia Dear President Aderhold*
I am submitting herewith ray annual report as Comptroller and Treasurer of The University of Georgia, for the fiscal year ending June 30, 195>3> which consists of the following exhibits and schedules*
PART I Consolidated Consolidated Balance Sheet ............................... Exhibit A Summary of Current Income ............................... Exhibit B Summary of Expenditures . Exhibit C
PART II University at Athens Balance Sheet ................... Schedule A Summary of Income Schedule B Statement of Educational and General Income Schedule B-l Statement of General Extension Income Schedule B-2 Statement of Auxiliary Enterprises Income Schedule B-3 Statement of Other Non-Educational Income Schedule B-U Summary of Expenditures Schedule C Statement of Educational and General Expenditures Schedule C-l Statement of General Extension Expenditures Schedule C~2 Statement of Auxiliary Enterprises Expenditures Schedule C-3 Statement of Operations of Restricted Funds Schedule D Statement of Trust Fund Balances Schedule E Statement of Trust Fund Balances by Funds .Schedule E-l Summary of Trust Fund Investments Schedule E-2
38

Detail of Endowment Funds - Government Funds . Schedule E-2-1

Detail of Endowment Funds - Common Stock ........ Schedule E-2-2

Detail of Loan Funds - Governmental Bonds Schedule E-2-3

Detail of Loan Funds - Common Stock Schedule E-2-U

Statement of Receipts & Disbursements - Trust Funds . Schedule E-3

Statement of Changes in Cash Balances Schedule F

Statement of Agency Funds

................. Schedule G

Statement of Unexpended Plant Funds . . . . ............ Schedule H

Statement of Operations of Plant Funds Schedule H-l

Summary of Investment in Plant ....................... .. Schedule H-2

Statement of Investment in Plant ............... ..

Schedule H-3

PART III Agricultural Extension Service

Balance Sheet ............................. ............ Schedule I

Statement of Current Income Schedule J

Statement of Current Expenses .......... Schedule K

Statement of Operations of Restricted Funds . . . . . Schedule L

Statement of Agency Funds . . . .................... Schedule M

Statement of Changes in Cash Balances ................... Schedule N

Statement of Operations of Unexpended Plant Funds . .Schedule N-l

Statement of Investment in Plant Schedule N-2

PART IV Atlanta Division

Balance S h e e t ..................................... .. Schedule 0 Statement of Current Income ..................... . . . . Schedule P

Statement of Current Expenditures ....................... Schedule Q

Statement of Changes in Cash B a l a n c e s ...................Schedule R

Statement of Agency Funds . . . . . . . Schedule S

Statement of Unexpended Plant F u n d s ............ ..

Schedule T

39

Summary of Investment in Plant

........ Schedule U

Statement of Investment in Plant

Schedule U-l

PART V Experiment Station - General

Balance S h e e t ........ -. . . ........................ .. Schedule V

Statement of Current Income ........ ................ Schedule W

Statement of Current Expenditures

Schedule X

Statement of Operations of Restricted Funds Schedule Z

PART VI Branch Experiment Station

Balance S h e e t ............................................ Schedule AA

Statement of Current Income ................... Schedule BB

Statement of Current Expenditures . Schedule CC

Statement of Changes in Cash Balances ............ . . . Schedule DD

Statement of Unexpended Plant Funds ............

Schedule EE

Statement of Operations of Unexpended Plant Funds Schedilie EE-1

Statement of Investment in Plant ................ Schedule EE-2

PART VII College Experiment Station

Balance Sheet ........................................... Schedule FF

Statement of Current Income . . Schedule GG

Statement of Current Expenditures ............... .. Schedule HH

Statement of Operations of Restricted Funds ............ Schedule II

Statement of Changes in Cash Balances Schedule JJ

Statement of Unexpended Plant Funds . * ............ Schedule KK

Statement of Operations of Unexpended Plant Funds . Schedule KK-1

Statement of Investment in Plant Schedule KK-2

40

PART Vili Georgia Experiment Station

Balance S h e e t ............ ............................ .. Schedule LL

Statement of Current Income > ............. Schedule EM

Statement of Current Expenditures . ................

Schedule liH

Statement of Operations of Restricted Funds ............... Schedule 00

Statement of Agency Funds .......... * Schedule PF

Statement of Changes in Cash Balances ................. Schedule QQ

Statement of Unexpended Plant Funds ........ Schedule RE

Summary of Investment in Plant . . . . . Schedule RR-1

Statement of Investment in Plant ........ Schedule RR-2

PART IX Coastal Plain Experiment Station

Balance Sheet ..........

........ Schedule SS

Statement of Current Income ............ Schedule TT

Statement of Current Expenditures ......................... Schedule UU

Statement of Operation of Restricted Funds ............... Schedule W

Statement of Changes in Cash Balances ........................Schedule VIW

Statement of Unexpended Plant Funds . . . ................. Schedule XX

Statement of Investment in Plant

.Schedule XX-1

Respectfully submitted,

Dated At Athens, Georgia August 21, 1953

/s/ J. D. Bolton Comptroller and Treasurer

41

COMMENTS

This report is assembled on a basis of receipts and disburse

ments, with the exception of the Balance Sheet, which reflects all known

assets and liabilities, including both accounts receivable and accounts payable.

The report embraces all units of the University of Georgia,

including the University of Georgia, Athens, Georgia; General Extension

Service, Athens, Georgia; Atlanta Division of the University of Georgia,

Atlanta, Georgia; Agricultural Extension Service, Athens, Georgia;

Experiment Stations - General, Athens, Georgia; Branch Experiment Station,

Athens, Georgia; College Experiment Station, Athens, Georgia; Georgia

Agricultural Experiment Station, Experiment, Georgia, and the Georgia

Coastal Plain Experiment Station, Tifton, Georgia.

A separate accounting is maintained for each unit, and, there

fore, the report is arranged in nine parts, as follows:

Part Part

I Consolidated - All Units II University of Georgia - Including General

Extension Service

Part III Agricultural Extension Service

Part IV Atlanta Division of the University of Georgia

Part

V Experiment Stations - General

Part VI Branch Experiment Station

Part VII College Experiment Station

Part VIII Georgia Agricultural Experiment Station

Part IX Georgia Coastal Plain Experiment Station

42

CONSOLIDATED INCOME
The following summary gives the source of income and the percentage of each item to the total for Educational and General purposes

Source
Student Fees State Allotment Federal Appropriations Other Fublic Appropriations Endowment Gifts and Grants Sales and Services Other
TOTALS

1951-52

Amount

Percent

12,316,003.71 25.23 3,81*3,225.60 1*1.87 1 ,7 5 7 ,7 7 7 .hO 19.15 1 1 5 ,62 a .00 1.26
16,821.85 .18 310,517.as 3.39 7a9,356.60 8.17
69,107.07 .75

$9,178,833.71 100.00

1952-53

Amount

Percent

$1,967,833.28 a ,289,963.22 1,755,218.39
118,1*98.50
1 8 ,1 3 a .37 820,669.19 756,795.95
67,562.92

20.98 85.67 18.68
1.26
.19 8.88 8.06
.72

$9,398,275.78 100.00

EXPENSES

The following is a statement of Educational and General expenditures

by functions and the percentage of each function to the total.

Function

1951-52

Amount

Percent

Administration

$ 860,137.12

Student Welfare

125,082.90

Physical Plant Libraries

562,955.09 365,236.62

Instruction - Resident

2,768,803.27

Research

1,528,617.08

Services Rel. to Instr. & Res. 377,828.87

Extension

2,219,032.33

5.88
1.89 6.70
8.35 32.91 18.15 8.50 26.82

TOTALS

$8,399,688.88 100.00

1952-53

Amount

Percent

$ 515.2UO.OU 133,080.72
636,198.33 359,586.82 2,966,636.19 1,858,588.52 350,898.88
2,316,011.31

5.68 1.86
6.97 3.9U 32.89 20.31 3.83 25.36

$9,131,756.01 100.00

43

INCOI

THE UNIVERSITY OF GEORGIA, ATHENS, GEORGIA

The following table reflects the comparative Educational and General Income and percentages of income to the total for a three-year period,

Source

1950-51

1951-52

Amount. Percent Amount Percent

1952-53 Amount Percent

Student Fees endowment Federal State State Dept. Health Other States Vocational U. S, Navy Research Clarke County Other Counties Gifts and Grants Rents Other Veterans Guidance

$1,666,295.
22,614.8,
86,953. 1>1462,323.
5,233. 2,895.
1 1 4,082.
5 ,12 1.
32,1406.
3,805. 11i7,653.
1,7145. 8,267. 28,369.

I46.I4I4 $1,228,1433.

.63

16,822.

2.1*2

87,566.

I4O.76 1 ,828,192.

.15

1 ,808.

.08

6 ,6 0 0 .

3.18

70,1429.

.111

395.

.90

63,090.

.11
ii.12

1,2 75 . 173,668.

.05

2,517.

.23

17,1142.

.79

20,323.

314.91
.I48
2.149 51.96
.05
.19
2.00 .01
1.79
.01*
l*.9l* .07
.149 .58

ia , 0 5 5 ,2 3 1 . 18,1314. 76,018.
2,111,399. 5,991. 2,675.
60,099.
71,036. 3,71*2.
257,233. 1,152.
11*, 776. 1,1*35.

28.69 .1*9
2.07 57.39
.16 .07 1.61*
1.93
.10
6.99 .03
.1*0 .01*

TOTALS

$3,587,795* 10 0 .0 0 ;13,518,260. 100.00 $3,678,921. 100.00

EXPENSES

The following table presents a comparison of expenditures for

Educational and General purposes for four years.

Function

191*9-50

1950-51

Administration & General Student Welfare Plant Operations Library Instruction Research Serv. Rel, to Instruction Extension.

$ 20l*,226.
96,889. .
310,122. 186,061. 1 ,878,276. 235,388.
396,871*.
269,663.

$ 221*, 883.
100,1*53. 376,981*.
220,706.
1,876,787.
236,31*3. 373,627.
218,828.

Sub-Total Outlay

$3,577,1*99. 117,799.

$ 3 ,628,6 1 1 .
61,1*57.

TOTALS

$3,695,298.

$3,690,068.

1951-52
$ 221*,926.
105,031*. 381*,267. 237,21*2. 1,877,132. 171*, 671*.
196,636.
$3,199,931. 73,988.
$3,273,919.

1952-53
$ 235,1*79.
113 ,801. 1*21*, 11*9.
21*2,991*.
2,033,1 8 1 .
226,787.
209,278.
$3,1*85,669. 132,11*0.
$3,617,809.

44

The following table is a comparison of the preceding expenditures,

expressed in percentages to the total.

Function

Percent 19U9-90

Administration & General Student welfare Plant Operations Library Instruction Research Serv. Rel. to Instr. (net) Extension Outlay

9.93
2.62 8.38
9. OU 90.83
6.37 1.7U
7.30 3.19

TOTALS

100.00

Percent 1990-91
6.09 2.72
10.22
9.97
90.86
6.U3
10.12
9.93
1.66
100.00

Percent 1991-92
6.87 3.21 11.7U 7.29 57.33 9.33
6.01 2.26
100.00

Percent 1992-93
6.91 3.19 11.72
6.72 96.20
6.27
9.78 3.69
100.00

The following table is a study of Instructional Cost by Schools

and Colleges. These figures include Outlay and all other Instructional Cost,

except the Summer Quarter. The figures for the School of Education include

Vocational Agricultural Teacher Training, Vocational Home Economics Teacher

Training, Demonstration School and Physical Education. The cost of the Dean

of Faculties Office is prorated to all schools and colleges.

School or College

191*9-50

1990-91

1991-92

1. Agriculture
2. Arts & Sciences

$ 2li6,966.
666,769.

3. Business Administration 125,867

U. Education

239,80ii.

9. Forestry
6. Graduate
7. Home Economics
8. Journalism
9. Law
10. Military 1 1 . Pharmacy 12 . Veterinary Med. (Net)

37,187. U7,697.
62,768. 28,820. 61,170.
li,927. 19,870.
Hi9,309.

$ 236,697.
638,987. 123,780. 291i,103.
37,379.
1*2, 302 76,010.
29,229. 99,702.
9,399. U7,87li.
160,900.

$ 219,1*00.
6U6,li9li.
1 1 0 ,601.
298,117. 39,766.
19,309. 77,639. 29,807. 99,222.
6,631. 13,802. 167,930.

1992-93
$ 229,981, 709,299. 116,761p 317,208, 39,992, Ii9,069, 83,390,
32,966,
63,692,
7,357 1*9,228,
200,199,

TOTALS

&L,73U,7li6.

$1,711,918. $1,736,711*. $1,89U.181,

45

The number of quarter hours taught by each School or College is

shown in the following table. Hours taught in Military Science and the

Graduate School are shown under the school or college in which the student

is majoring. School or College

19ll9-$0

1950-51

1951-52

1952-53

1. Agriculture

26,750

2. Arts & Sciences

133,597

3. Business Administration 38,217

1*. Education

32,261

5. Forestry

6,188

6. Home Economics

6,072

7. Journalism

7,51*2

8. Law

9,970

9 Pharmacy

6,302

10. Veterinary Medicine

11,111

22,01*5
110,529 31,081* 27,166
U,i5U 5,803 5,720
7,851
5,21*3
11,508

18,1*37 91,802 26,316 23,657
3,212 6,356 It,293 5,803 it, 501 10,735

17,221* 93,283 25,276 22,000 -2,906
6,11*8 1*,100 3,831* 3,886
12,653

TOTALS

278,010

231,103

195,112

191,310

The following table is a comparison of cost per student quarter

hour by Schools and Colleges for a four year period.

School or College

191*9-50

1950-51

1951-52

1952-53

1. 2. 3. 1*. 5* 6. 7. 8. 9 10.

Agriculture

$ 9.31

Arts and Sciences

lt.99

Business Administration 3.29

Education

7.31

Forestry

6.01

Home Economics

13.61*

Journalism

3.82

Law

6.11*

Pharmacy Veterinary Medicine

7.28
13.W1

$10.71* 5.78 3.98
9.35 9.00 13.10 5.11
7.60
9.13 13.95

$11.68 7.01* 1*.20
12.60
11.13 12.21
6.91* 10.21
9.73 15.61*

$13.35 7.56 lt.62
11*.1*2 13.61 13.56
7.91*
16.60
12.67 15.82

TOTAL AVERAGE

$ 6.21*

$ 7.1*1

$ 8.90

$ 9.90

AUXILIARY ENTERPRISES INCOME AND EXPENSES
Details of income from Auxiliary Enterprises in the amount of $1,089,3U6.11 are shown in Schedule B-3. The details of expenses amounting to $982,800.32 are shown in Schedule C-3*
The Balance Sheet, Schedule A, reflects reserve for repairs and replacements of $268,3U0.78.
GENERAL EXTENSION AND CORRESPONDENCE The following summary is a comparison of the Operations of General Extension and Correspondence for the past four years.
47

INCOME
Student Fees State Allotment
TOTALS
EXPENSES
Admin. & General Plant Operation Instruction Serv. Related to Instruction Extension
TOTALS

19U9-50

1950-51

1951-52

1952-53

Amount Percent Amount ""Percent Amount Percent Amount

Percent

$213,096 79.87 $272,367 86.01 53,700 20.13 1*1*,300 13.99
$266,796 100.00 $316,667 100.00

$300,053 91.37 26,338 8.63
$328,391 300.00

$290,1*88 91.59 26,662. 8.1*1
17,150 100.00

$ 23,926 1,196
112,317 29,709 82,851

9.57 .1*8
1*1*.93 11.88
33.U*

$ 25,152
1,053
130,665
25,831
87,286

9.31
.39 1*8.1*0
9.57 32.33

$21*9,999 100.00 $269,987 100.00

$ 30,988 1,362
11*1,983 31,705
101,060

10.09 .1*1*
1*6.21* 10.32 32.91

$ 30,182 1,220
156,712 50,195 87,213

9.27 .37
1*8.11* 15.U3 26.79

$307,098 100.00 25,522 100.00

AGRICULTURAL EXTENSION SERVICE

The following is a summary of income and percentage of income to total for three years.

Source
State of Georgia Clarke County Federal Grants Gifts and Grants Other
TOTALS

1950-51

1951-52

1952-53

Amount

Percent Amount

' Percent Amount

Percent

$1*35,200 1*,320
1,250,91*7 53,809 20

21*.95 .25
71.72 3.08

$650,000 5,280
1,257,031* 1*3,627

33.23 .27
61*. 27 2.23

$ 750,000
i*,5io
1 ,259,591
39,596
H*, 702

36.26
.22 60.90
1.91 .71

$l,7l*i*,296

100.00 $1,955,91*1 100.00 $2,068,399

100.00

AGRICULTURAL EXTENSION SERVICE A comparison of expense, by objects of expenditure, is presented below in

amounts and percentages.
Object
Salaries and Wages Travel Operating Supplies and Expense Equipment
TOTALS

1950-51 Amount Tercent

1951-52

1952-53

Amount Percent Amount Percent

$1,326,990 3U0,786 101,1U6 4,205

7ii.81i 19.22
5.70
.2h

$l,U99,Ol6 311,088 98,018 8,758

78.20 16.23
5.11
I46

$1,587,981 310,058 90,579 13,725

79.31 15.48
U.52 .69

$1,773,127 100.00 $1,916,880 100.00 $2,002,3146 100.00

The following is a statement by projects of all expenditures disbursed by both

the Agricultural Extension Service and the various counties. This statement also indicates

the amount of Federal Funds used, State and County Funds used for offset and funds not used

for offset, by each project.

No.
1 2
3
h ha kb
Uc Ud lie Uf Ui Uj 5 5a 6 7 7a 7c
8a 8b 8c 8e 9 10 11 11a 12 111

Project
Administration Publications County Agent Work Home Demonstration Work Home Improvement Nutrition Textiles and Clothing Utilization Child Development Horae Industries Health Home Ec. Leader Training Negro County Agent Work Negro Home Demonstration U-H Club Work Economics and. Marketing Research and Marketing Research and Marketing
Georgia Eggs Beef Cattle and Sheep Dairying Poultry Swine Agronomy Horticulture Agricultural Engineering Farm Housing Forestry Soil Conservation

Federal Funds

Offset Funds

$ 25,710.12 $ 6,98U.50 31,256.61 39,752.51*

599,3U5.88 2148,021.51
209,771.72 227,6U0.08

U,U37.92 2,U66.5l4

8,658.145 1,575.02

3,8914.90 273.26

U,517.91
U,329.77
I4A O I 4.89

7,129.19
2,116.814
2,237.32

92.66 2,565.50

U , 851.U9 1,598.78

120,U56.19 13,153.20

72,005.U2 9,0143.39

35,582.37 33,001.98

29,733.114 1U,507.00

2,525.38

14,700.00 U,320.6l
17,373.52 10,6l4U.08
5,310.514 25,331.63
10,892.19 14,62I46O3..OUO1
H 42.85
1,800.00

4,700.00 1,1iU5.69 4,5214.93 U,323.26 3,156.86 10,3145.30 12,017.58 8,393.67
9,U33.82

Funds

Not Used

Total

As Offset Expenditures

$
22,038.08
383,105.19
219,087.70
35,796.UO 29,579.78

$ 32,6914.62
93,0147.23 1,230,772.58
656,1499.50
6,9014.146
12,553.35
1 ,8148.28
ll,61i7.10
6,1^46.61
6,3U2.21
14,91414.15 14,1614.28
169,1405.79
110,628.59
68,581t.35
I4U, 2UO.X14
2,525.38

2,681.02 6,591.13

9,1400.00
5,766.30 2l4,579.U7 114,967.314
8,l467.UO U2,271.06
22,909.77 22,657.08
6Jh0.00 9,576.67 1,800.00

49

No.

Project

Federal Funds

Offset Funds

Funds Mot Used As Offset

Total Expenditures

17 Recreation

$

287.21 $ 7,165.23

16 Wild Life Conservation

1,288.23

19 Bee Culture

5,621.93

20 Visual Aid (Restricted)

21 Corn Meal Enrichment

22 Entomology

6,251.52

$

$

705.07 9,358.97
1*1,727.71

7,152.11 1,288.23 5,621.93
705.07 9,358.97 6,251.52 11,727.71

TOTALS

$1,256,759.77 $690,958.76

$750,971.05 $2,698,692.58

(1)

....... (`27 "

(1) Of this amount $22,176.83 was disbursed by the various counties. (2) Of this amount $616,217.91 was disbursed by the various counties.

The following schedule indicates the funds to be offset and the manner in which they were offset.

Funds To Be Off-Set
FEDERAL FUNDS Smith-Lever and Bankhead Jones Bankhead-Flannagan Capper-Ketcham Additional Cooperative Farm Housing Research and Marketing Norris-Doxey Clarke-McNary

Total

To Be Off-Set

Mon Off-Set

$ 663,817.11
523,838.15 37,331.18 26,132.70 610.00 1,700.00 915.00
1 ,620.00

$112,521.13 523,838.15 17,331.18
1,700.00 915.00
1,620.00

$521,293.31
20,000.00 26,132.70
610.00

TOTAL FEDERAL FUNDS

$1,259,321.77 $690,958.76 $568,366.01

STATE AMD COUNTY FUNDS State and Other Funds County (Disbursed by Counties)
TOTAL STATE AND COUNTY FUNDS

$ 773,508.01 668,121.77
$1,111,932.81

$668,781.93 22,176.83
$690,958.76

$101,726.11 616,217.91
$750,971.05

The following is a summary of expenditures by objects:

Ob j ect

Disbursed by Disbursed by

University

Counties

Total

Personal Services Travel Transportation of Things Communication Service Heat, Light and Power Printing Repairs to Equipment Insurance Supplies and Small Printing Equipment Retirement Contributions

$1,593,088.70
310,0^8.33 1,286.72
12,011.21
2,537.93 31,927.21;
5,793.59 U,583.10 5U,611.1^ 13,725.33
61;!;.20

$668,l;2l;.77

$2,261,51307 310,058.33 1,286.72 12,011.21
2,537.93 31,927.21;
5,793.59 1;,583.10. 51;, 611.15 13,725.33
61;!;.20

TOTALS

$2,030,267.81 $668,U2l;.77 $2,698,692.58

Percent to Total
83.80 11.U9
.05 U5
.09
1.18 .21
.16
2.02 .51 .02
m o . 00

51

CONSOLIDATED BALANCE SHEET June 30, 1953

ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand and In Banks Accounts Receivable Due from Other Funds TOTAL GENERAL

$ 71*9, 61*3.86
380,968.72 ____ 3,750.21*

$ 1,131*,362.82

B. RESTRICTED Cash in Banks Accounts Receivable TOTAL RESTRICTED

301,158.50 53,1*93.73

351*,652.23

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

1*58,199.52
33,261.10
37,89l*.99

529,355.61

$ 2, 018, 370.66

II. AGENCY FUNDS Cash in Banks Accounts Receivable TOTAL AGENCY FUNDS

379,31*3.89 13,006.83

392,350.72

III. ENDOWMENT FUNDS Investments

2,1*31*, 271.95

IV. LOAN FUNDS Cash in Banks Investments Due From Endowment Funds TOTAL LOAN FUNDS

66,589*37 680,21*8.23
1*3,509.19

790,31*6.79

V. PLANT FUNDS A. UNEXPENDED Cash in Banks Temporary Investments

$ 991,662.65 _________ 0

991,662.65

B. EXPENDED Land Buildings Improvements Other Than Buildings Equipment TOTAL PLANT FUNDS

l,Ol*7,581*.22
16,692,961.56 597,723.03
1*,820,221.77

23,158,1*90.58

21*,150,153.23

TOTAL ASSETS

$29,785,1*93.35

CONSOLIDATED BALANCE SHEET June 30, 1953

LIABILITIES

I. CURRENT A. GENERAL Purchase Orders Outstanding Accounts Payable Unearned Income Reserves Surplus TOTAL GENERAL

$ 65,01*1.96
6,836.1*7
126, 671. 21*
2 0, 1 2 5 .1*0
915,687.75 $ 1 ,131*,362.82

B. RESTRICTED Fund Balances

351*,652.23

C. AUXILIARY Purchase Orders Outstanding Reserves For Repairs and Replacements TOTAL AUXILIARY

7,09i*.70 522,260.91

529,355.61

TOTAL CURRENT FUNDS

$ 2, 018, 370.66

II. AGENCY FUNDS Fund Balances

392,350.72

III.

ENDOWMENT FUNDS Fund Balances Due Other Funds Reserves
TOTAL ENDOWMENT FUNDS

2,359,531.73 1*3,509.19 31,231.03

$ 2,1*31*,271.95

IV. LOAN FUNDS Fund Balances Reserves TOTAL LOAN FUNDS

620,872.39
169,1*7U .1*0

790,31*6.79

V. PLANT FUNDS A. UNEXPENDED Due to Other Funds Fund Balances

$ 3,750.21* 987,912.1a

991,662.65

B. EXPENDED

Due to Other Funds

996,660.17

Equity of Univ. System Bldg. Auth. 3,379,658.50

Invested in Plant

18,812.171.91

TOTAL PLANT FUNDS

23,158,1*90.58

21*,150,153.23

TOTAL LIABILITIES AND SURPLUS

$29,785,1*93.35

55

CONSOLIDATED STATEMENT OF CURRENT INCOME For Year Ended June 30, 1953

A. EDUCATIONAL AND GENERAL

Student Fees

$1,967,1*33.21*

Public Appropriations

State-Regular

$1*, 289*963.22

Federal

1,755,218.39

Other TOTAL PUBLIC APPROPRIATIONS

118,1*98.50
6,163,680.11

Endowment

18,131*.37

Gifts and Grants

1*20,669.19

Sales and Services Other

756,795.95 67,562.92

TOTAL EDUCATIONAL AND GENERAL

$ 9,39li,275.78

B. AUXILIARY Dormitories Dining Halls Other TOTAL AUXILIARY

328,952.81 1*00,657.81* 558,179.1*6

1 ,287,7 9 0 .1 1

C. OTHER NON-EDUCATIONAL Endowment Gifts and Grants TOTAL OTHER NON-EDUCATIONAL

22,297.1*3 1,021*.1*6

23,321.89

TOTAL CURRENT INCOME

$10,705,387.78

D. PLANT FUNDS State of Georgia Other TOTAL PLANT
TOTAL INCOME
NON-INCOME

579,380.15 581,685.27

1 , 1 6 1 , 0 6 5 . 1*2

$11, 866, 1*53.20

1*0, 1*28.36

TOTAL RECEIPTS

$11,906,881.56

CONSOLIDATED STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1953

Salaries

Operating

and

Supplies &

Capital

Wages________ Expense_________Outlay_________ Total

A. EDUCATIONAL AND GENERAL Administration and General Student Welfare Physical Plant Libraries Instruction Research Services Related Extension
TOTAL EDUCATIONAL AND GEN.

$ 325,955.55 $ 178,378.13 $

1 1 0 , 6 0 3 . 1+0

19,131.51+

10,906.36 $
3,31+5.78

515, 21+0 .01+ 133,080.72

332,059.35 180,767.76
2,682,762.17 1,21+5,550.19
99,976.61

276,367.03 15,828.1+9 186,91+6.1+7 1+39, 01+2.16
228,338.30

27,771.93 162.950.17
96,927.55 169.952.17
22,183.57

636,198.33 359,51+6.1+2 2,966,636.19
1,851+,51+1+.52 350,1+98.1+8

1.800,837.79

1+97,761.53

17,1+11.99 2,316,011.31

, 16 7783512.82 $ 1 ,81a, 793.65 $ 511,1+1+9.51+ $ 9 ,1 3 1,756.01

B. AUXILIARY Dormitories Dining Halls Other
TOTAL AUXILIARY

$ 90,883.35 $ 92,678.69 75,783.32

107,700.17 $ 315,1+36.51 1+06,1+29.07

$ 259,31+5.36 ft 829,565.75 $

5,l+l+l.l+6 $ 1,31+7.27 15,212.51-

20l+,02i+.98 1+09,1+62.1+7 l+97,l+2l+.9Q

22,001.21+ $ 1 ,1 1 0 ,9 1 2 .3 5

C. OTHER NON-EDUCATIONAL Scholarships Awards
TOTAL OTHER NON-EDUCATIONAL

$ 22,093.96 1,000.39
$ 23,09l+.35

$ 22,093.96 1,000.39
$ 23.09U.35

D. PLANT FUNDS Additions Debt Service Other
TOTAL PLANT FUNDS
TOTAL EXPENSE
NON-EXPENSE
TOTAL DISBURSEMENTS

$1,708,133.95 $ 1,708,133.95

$ 30,676,70

55,896.77

86,573.1+7

208,i+7i+.69

208,l+7l+.69

$ 239,151.39 $1,761+,030.72 $ 2,003,182.11 $7.037,858.18 $2,933,605.11+ $2,297,1+81.50 $12,268,91+1+. 82

$

382.31+

$12,269,327.16

"5?

BALANCE SHEET June 30, 1953

ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand and in Bank Accounts Receivable Board of Regents Veterans Adm. Other TOTAL GENERAL FUNDS

I.

$ 319,391.13

91,909.39 65,61*3.96
1*25.00

157 978.35 $ 1*77,369.1*8

B. RESTRICTED Cash in Bank Accounts Receivable TOTAL RESTRICTED FUNDS

$ 88*,1*95.06
31.620,93

120,115.99

C. AUXILIARY Cash in Bank Accounts Receivable TOTAL AUXILIARY FUNDS

$ 21*5,1*37.67 29,191*. 72

271*,632.39

D. GENERAL EXTENSION

Cash in Bank

$

Accounts Receivable

Board of Regents

$61*,000.00

Veterans Adm.

29,276.53

TOTAL GENERAL EXTENSION

31*,763.10 93,276.53

128,039.63

TOTAL CURRENT FUNDS

$ 1,000,157.1*9

II. AGENCY FUNDS Cash in Bank Accounts Receivable

$ 311*, 796.17 3,719.51

318,515.68

III.

ENDOWMENT FUNDS Investments
Athens Federal Savings & Loan Assn. U. S. Securities State Hospital Authority Bonds Other Bonds Univ. System Bldg. Auth. Bonds Preferred and Common Stock Real Estate Owned Loans to Fraternities University of Georgia Buildings Loss on Sale of Bonds to be Amortized

$

750.00

821,800.00

113,625.00

11*1,000.00

506,700.00
20,301*. 65

35,900.00

30,61*9.36

751*, 111.11*

9,1*31.80

/ TOTAL ENDOWMENT FUNDS /

2,i*3l+,271.95

60

BALANCE SHEET (Continued)

IV. STUDENT LOAN FUNDS & MISC. FUNDS Cash in Bank and On Hand U. S. Securities State Hospital Auth. Bonds Notes Receivable - Students Common Stocks University System Bldg. Auth. Bonds Loans to Fraternities University of Georgia Buildings North Georgia College - Loan H. H. Hinton Property Savannah State College - Loan Due from Endowment Funds TOTAL STUDENT LOAN & MISC. FUNDS
V. PLANT FUNDS A. UNEXPENDED Cash in Bank
B. EXPENDED Land Buildings Improvements Other Than Bldgs. Equipment TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL ASSETS

9 118,3 8 0 .0 0
11,375.00
100,105.57 1.00
1*3, 300.00
99,581*.29 206, 1*1 9 .6 6
31*, 363.92
12,726.91 23,991.88

66,589.37
680,21*8.23 1*3,509.19

790,31*6.79

$ 920,792.91

$ 280,1*86.50
13,923,71*3.51 572,032.98
3,21*7,776.95

$18,021*, 039.91*

18,91*1*, 832.85

$23,1*88,121*.76

LIABILITIES

I. CURRENT FUNDS A. GENERAL Purchase Orders Outstanding Unearned Income Reserve for Work in Progress Reserve for Insurance General Surplus TOTAL GENERAL FUNDS

$ 1*7,331.1*0
81,1*91*. 91
15,230.00
1*, 895.1*0
328,1*17.77 $ 1*77,369.1*8

B. RESTRICTED Fund Balances

120,115.99

C. AUXILIARY Purchase Orders Outstanding Reserve for Repairs & Replacements TOTAL AUXILIARY FUNDS

$

6,291.61

268,31*0.78

271*,632.39

D. GENERAL EXTENSION Purchase Orders Outstanding Surplus TOTAL GENERAL EXTENSION
TOTAL CURRENT FUNDS

$

7-1*7.70

127,291.93

61

128,039.63
$ 1 ,000*157.1*9

BALANCE SHEET -LIABILITIES (Continued)

II. AGENCY FUNDS Fund Balances

$ 318,515.68

III.

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

$ 2,359,531.73 1*3,509.19 31,231.03

2,1*31*, 271.95

IV. STUDENT LOAN FUNDS AND MISC. FUNDS Fund Balances Reserve for Purpose of Trust TOTAL STUDENT LOAN FUNDS AND MISC. FUNDS

$ 620,872.39 l69,i*7l*.i*0

790,3U6.79

V. PLANT FUNDS A. UNEXPENDED Fund Balances

$ 920,792.91

B. EXPENDED
Due to University of Georgia Trust Funds $ 960, 530.80

Due to Georgia Medical College

6,129.37

Equity of Univ. System Bldg. Auth.

3,379,658.50

Invested in Plant

13,677,721.27

TOTAL EXPENDED

$18,021*,039.91*

/

TOTAL PLANT FUNDS

18,910*, 832.85

TOTAL LIABILITIES AND SURPLUS

$23,1*88,121*. 76

62

Student Fees Public Appropriations
State of Georgia Federal Other Endowment Gifts and Grants Sales and Services Dormitories Dining Halls Printing Shop Stores Other
TOTAL INCOME NON-INCOME
TOTAL RECEIPTS

SUMMARY OF INCOME For Year Ended June 30, 1953

Current Funds

Educational

Auxiliary

and General Enterprises

Other NonEducational Plant Funds

Total

$1,31*5,718.90 <1

$

$

$1,31*5,718.90

2,17U,596.61 105,572.00 77,1*52.92 18,131*. 37 257,233.09 89,996.75
17,363.25

328,952.81 1*00,657.81+
52,095.91* 307,639.52

197,699.1*1 1,021*. 1*6 22,297.1*3
1*91,566.26

2,372,296.02 105,572.00 77,1*52.92 19,158.83 279,530.52 89,996.75 328,952.81 1*00,657.81*
52,095.91* 307,639.52 508,929.51

$1*,086,067.89 $1,089,31*6.11 $23,321.89 $689,26^.67 $5,888,001.56

3,617.78

270,073.1*7

273,691.25

$1*,089,685.67 $1,089,31*6.11 #23,321.89 $959,339.11* $6,161,692.81

63

STATEMENT OF CURRENT INCOME For Year Ended June 30, 1953
General Income

Restricted Income

Total

A. EDUCATIONAL A$B GENERAL STUDENT FEES Matriculation Non-Resident Tuition Nursery School Atlanta Area Korean Veterans Summer - Non-Resident Tuition Summer - Matriculation Infirmary Diploma Health Music Fees Miscellaneous TOTAL STUDENT FEES

1 627,394.55 212,085*92 3,094.50
2,502.00 37,732.16 98,386.61
6,663.1*0 8,977.50 31*, 100.1*3 3,050.00 9,991**1*8 $1,01*3,983.55

$

627,39k.55

212,085*92

3,091**50

11,21*7.50

11,21*7.50 2,502.00

37,732.16

98,388.61

6,663.1*0

8,977.50

31*,100.1*3 3,050.00

9,994.48

-? 11,21*7.50 ~ |l,055,231*05

PUBLIC APPROPRIATIONS

State of Georgia

Accounts Receivable 7-1/52 $ 96,808.24

Regular Operations

2,106,500.00

Less Amount Payable

_____91,909*39

Vocational Funds

Dept, of Health - Mental Health

Other States

N. C. - For Ag. Ed. Relations

Tennessee - For Ag. Ed. Relations

Virginia - For Ag. Ed. Relations

United States

Morrill-Nelson Fund

U. S. Public Health - Brucellosis

U. S. Public Health - Metabolism

Vocational Funds

Counties and Cities

Chatham County - For Surveys

Clarke County - Demonstration School

Floyd County - For Surveys

Hall County - For Surveys

Muscogee County - For Surveys

TOTAL PUBLIC APPROPRIATIONS

2,101*, 898.85 P 'JTflit,898.8 T

| 6,500.00
30,514*. 61* 5,990.91*
175.00 1,100.00 1,1*00.00
67,863.65 3,510.00 1*,61*1*.00
29,554.35
2,11*2.00 71,035.92
375.00 1*75.00 750.00 fggSffio.'ffi

2,111,398.85
30,51*4.61* 5,990.94
175.00 1,100.00 1,400.00
67,863.65 3,510.00 4,644.00
29 >551).35
2,142.00 71,035.92
375.00 475.00 750.00 gg;'35o7959 3 5

ENDOWMENT Alumni Y.M. CVA. Alumni Library Denmark, B.A* & T.N. Bococh, W. H. Franklin College Franklin, Mary J.

$ 425.88 $ 330.32
1,081.05 9.50
8,000.00 119.46

425.88 330.32 1,081.05
9.50 8,000.00
119.46

64

STATEMENT OF CURRENT INCOME (Continued)

ENDOWMENT (Continued) Gilmer, George Mager s, Edmund Landscrip Terrell, William University of Georgia Foundation TOTAL ENDOWMENT

General Income
1
TT $

GIFTS AND GRANTS FROM PRIVATE SOURCES All States Foundation Allied Chemical and Dye Athens Development Corporation Atomic Energy - Savannah River Emory University Game and Fish Commission General Education Board, Art - 1952-53 General Education Board - Lamar Dodd General Education Board - Graduate School
Georgia Power Company Georgia Poultry Improvement Association Jackson Electric Corporation Jewish Fund Kellogg Little Ocmulgee Elec. Corporation Livestock Judging Massengill, S. E. Milk Control Board Mitchell Electric Corporation Ordnance - Cohen Ordnance - Fort Ordnance - Huff Read Psycho-Educational Clinics Sharp & Dohme Tennessee Corporation - Pine Nutrition Tsali Institute Walters Electric Memb. Corporation Veterinary Medicine - Regional Council Wyeth Laboratories
TOTAL GIFTS AND GRANTS FROM PRIVATE SOURCES

Restricted Income

Total

-- p**.1 vCrJ\

$

1 + 5 2 .7 7

2 .5 0

6 ,1 8 6 .8 2

6 9 2 .7 9 8 3 3 .2 8

10,131+. 3 7 -- $

2 .5 0 6 ,1 8 6 .8 2
6 9 2 .7 9 8 3 3 .2 8
10, 13!+ 3 /

y y P UJU
350.00 2,000.00
10,593.1+1
6.300.00 6 ,0 0 0 .0 0
3U,000.00
1 0 ,000.00
23.000. 500.00 250.00 50.00
100.00

5.000. 00 350.00

2. 000. 00

10,593.m 6.300.00

6 ,0 0 0 .0 0

3U,000.00

10,000.00

00 23.000.

00

500.00

250.00

50.00

100.00

U,856.3U
50.00 625.00 2.500.00

1+, 856.31+
50.00 625.00 2.500.00

1 ,000.00
50.00 3.800.00

.1,000*00
.50.00
3 800.00

7,583.3U 7.775.00

7,583.31+
7.775.00

100.00

100.00

1 ,00 0 .0 0

1 ,000.00

500.00

500.00

700.00

700.00

50.00

50.00

127.000.

0 0 127.000.

00

1 .500.00

1 .500.00

$257,^3.09 $ '257,233,09

SALES AND SERVICES Agricultural Education Relations Literary Quarterly Mathematics Books Surveys - Educational University Press Veterinary Clinics Veterinary Pathology TOTAL SALES AND SERVICES

$

$ 15 ,550.79 $ 15,550.70

3,602.1+3

3,602.1+3

6,81+1.69

6,8U1.69

315.00

315.00

25,1+65.69

25,1+65.69

37,206.09
1 ,0 1 5 .0 6

37,206.09
1 ,0 1 5 .0 6

I 67,209.7 $.'22,7<57.Hff

65

STATEMENT OF CURRENT INCOME (Continued)

OTHER SOURCES Agricultural Extension Service General Experiment Station Rents Veterans Guidance Mis cellaneous TOTAL OTHER SOURCES

TOTAL EDUCATIONAL AND GENERAL INCOME

NON-INCOME Transfer from Restricted Funds

TOTAL EDUCATIONAL AND GENERAL RECEIPTS

B. GENERAL EXTENSION STUDENT FEES Correspondence Film Library Part-time and Special Services Photographic Department Columbus Center Gainesville Center Marietta Center Rome Center Savannah Center Waycross Center Negro Columbus Center TOTAL STUDENT FEES

PUBLIC APPROPRIATIONS State of Georgia - Regular Operations Less Amount Payable

$90,662.18 61*,000.00

TOTAL GENERAL EXTENSION INCOME

C. AUXILIARY ENTERPRISES DORMITORIES Barracks Brown Candler Clarke Howell Coordinate Law Lucy Cobb Mary Lyndon Milledge Milledge Annex Myers Hall Private Trailors Reed Hall Rutherford

66

General

Restricted

Income_______ _ I n c o m e

Total

$ 8,066.00 $
0,000.00 l,lL.56 1,1*3 1*.99 2,710.70 1 17,363.25 ~ T ~
$3,233,531*. 92 #535,382.91)

$ 8,066.00 1*,000.00 1,151.56 1,1*31* .99 2,710.70
17,363.25
$3,768,917.86

$ 3,617.78 $3,237,152.70

&IP $535,382.91)

$ 3,617.78 $3,772,535.61)

$ 58,356.68 $ 8,033.77
11,1*58.17 11,271*. 96 1*7,039 <19 29,01*9.13 19,302.55 1*8,239.98
35,171.55 22,561.87 " 290,1*87.85 $

$ 58,356.68 8,033.77
11,1*58.17 11,271*. 96 1*7,039.19 29,01*9.13 19,302.55 1*8,239.98
35,171.55 22,561.87 290,1*07.85

$ 26,662.18 $
$ 317,150.03 $
25,000*67 21*,993.50
7,937.25 27,262.78 22,11*0.67
8,295.31
6,663.03
15,1*26.1*5 17,1*77.86 26,1*11*. 50 28,01*7.20
1,1*37.20
21, 95I*.1*0
17,91*1.56

$ 26,662.18
$ 317,150.03
$ 25,000.67 21*,993.50 7,937.25 27,262.78 22,11*0.67 8,295.31
6,663.03
15,1*26.1*5 17,377.86
26,1*11*.50
28,01*7.20 1,1*37.20
21,951*. 1*0 17,91*1.56

STATEMENT OF CURRENT INCOME (Continued)

General Income

Restricted Income

Total

C. AUXILIARY ENTERPRISES (Continued) DORMITORIES (Continued)
Soule Veterans Housing
tyvpat DORMTIiTRIER

$ 7,303.U5 70,656.98
i '328,95^.81

ft 7,303.U5 70,656.98
Hr 328,952.81"

DINING HALLS Coordinate Denmark Lucy Cobb Mxlledge Annex Snelling Hall Tea Room TOTAL DINING HALLS

-$ 65,65U35 98,2UU.70
28,283.02
59,995.97 139,020.27
9.U59.53 ft U00,657.8U

$ 65,65U35 98,2UU.70
28,283.02
59,995.97 139,020.27
9.U59.53
ft LOO,657.8U

OTHER Printing Department
TOTAL OTHER
TOTAL AUXILIARY INCOME

ft 52,095.9U 307,639.52
$ 359,735.U6
$1.089,3U6.11

$ 52,095.9U 307,639.52
ft 359,735.L6
-,089.3U6.il

OTHER NON-EDUCATIONAL ENDOWMENT
Advancement of Art Fund W. J. Bryan Fund Joe Brown Connaly Fund George D. Kitzinger Fund Neil Reed Memorial Fund H. B. Russell Fund
TOTAL ENDOWMENTS

ft

ft

58.50 ft

6.1U

58.50
6.1 L

71.95

71.95

380.37

380.37

UOO.OO

LOO.00

55.00

55.00

52.50

52.50

ft l,ou.U'5" 1 l,02L.Lo

GIFTS AND GRANTS Amer. Foun. Pharmacy Ed. - Fellowship Atlanta Women's Pan Hellenic - L. Kemp Gladys Beach * Earl Jenkins Scholarship James F. Byrnes Foun. - Grace Miller Sch. Chicago Title & Trust Co. - Chi Psi Sch. Columbus Phil. Guild - Barbara Garrett Sch.
Delta Air Lines - Scholarships Mrs. R. M. Durr - Poultry Scholarships Rebecca Felton Fund - W. D. Vaughn Scholarship Georgia Feed Association * Scholarships Travis Johnson -- Donald Bond Scholarship Sallie Maude Jones Fund - Scholarships^ Kroger Grocery Company - For Scholarships Michael Fund - For Robert West Near East Foundation - Shahbaz Parsa Sch. Rosenblatt Fund - Louise Virgin Scholarship

$ 2,650.00 $ 180.00
100.00
518.5U 200.00
150.00 600.00
1 ,600.00
200.00
1,123.1*5
150.00
1 ,100.00
866.66
500.00 320.00
370.00

2 ,6 50.00
180.00
100.00
518.5U
200.00 150.00 600.00
1 ,6 0 0 .0 0
200.00
1,123.U5
150.00
1 ,100.00
866.66 500.00 320.00
370.00

67

STATEMENT OF CURRENT INCOME (Continued)

General Income

Restricted Income

Total

D . OTHER NON-EDUCATIONAL (Cont inued)

GIFTS AND GRANTS (Continued)

Sears-Roebuck & Co. - Agriculture Sch.

Sears-Roebuck & Co. - Home Economics Sch.

Seedmans Company - Lambeth Hartley Sch.

Soiar Steel Corp. - A. A. Price III Sch.

Sou. Assn. Ice Cream Mfg. - Roddy 3. Parkman

Strain Feed and Coal - Poultry Scholarships

Student Activities - Orchestra Scholarships

Student Activities - For Prizes

Tithers, Inc. - Nancy Johnson Scholarship

Lamar Trotti Fund - Frances Sosebee Sch.

Union Bag Company - Forestry Scholarships

Univ. of 3a. Foundation - Bert Michael Award

Various Sources - For Music

Various Sources - For Pharmacy

Maude Y/arwick Fund - Patricia G. Smith Sch.

Welfare Assn. - James S. Spooner Scholarship

Woman's Club - Eva L. Renter Scholarship

TOTAL GIFTS AND GRANTS .

1

$ 2,183.32 $
999.98

2,183.32 999.98

1*00.00

1*00.00

330.00

330.00

1,000.00

1,000.00

200.00

200.00

1,007.65
60.00

1,007.65
60.00

100.00
306.00
2,93l*.00

100.00
306.00 2,931*.00

15.1*2

15.1*2

55.02
950.00 250.00

55.02 950.00 250.00

175.89

175.89

701.50

701.50

~ & 22,297.1*3 $ 22,297.1*3

TOTAL OTHER NON-EDUCATIONAL

$

$ 23,321.89 $ 23,321.89

TOTAL CURRENT RECEIPTS

$1*,61*3,61*8.81* $558,70l*.83 $5,202,353.67

68

SUMMARY OF EXPENDITURES For Year Ended June 30, 1953

Current Funds

Educational

Auxiliary

and General Enterprises

Other NonEd ucational

Fiant Funds

Total

EDUCATIONAL & GENERAL

Administrative and General $ 267,373.62 t

Student Welfare

116,96^.08

Plant Operations

I4I48,973.15

Library

2b6,b86.68

Instruction

2,273,366.9b.

Research

21*1,288.73

Serv. Rel. to Instruction

50,195.15

Extension

298,679.78

4

w

$ 267,373.62
116,965.08 bb8,973.15 2b6,b66.66
2,273,366.9b
2bl,288.73
50,195.15 298,679.78

AUXILIARY Dormitories Dining Ralls
General Dorms. & Dining Halls
Pointing Shop Stores

20b, 021;.98
b09,b62.b7
5,799.99 53,992.b8
309,520.bo

20b,02b.98
b09,b62.b7
5,799.99 53,992.b8
309,520.bo

OTHER RON-EDUCATIONAL Scholarships Awards

22,093.96 1,000.39

22,093.96 1,000.39

PLANT Additions to Plant Indebtedness Retired (Rent)

725,382.3b 86,573.b7

725,382.3b 86,573.b7

TOTAL EXPENDITURES NON-EXPENSE

$3,91*3,329.13 $ 982,800.32 $23,09b.35 $811,955.81 $5,761,179.61

189,500.00

78,573.b7

268,073.b7

TOTAL DISBURSEMENTS

$1*,132, 829.13 $1,061,373.79 $23,09b.35 $811,955.81 $6,029,253.08

69

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1953

Fund Classification

General

Restricted

Object Classification

Operating

Salaries

Supplies &

& Wages

Expense

Equipment

EDUCATIONAL & GENERAL

ADMINISTRATIVE & GENERAL

Accounting Office

$ 38,589.70 $

Alumni Office

6,000.00

Comptroller's Office

12,809.1+1+

General Expense

66,019.1+0

President's Office

32,552.39

Public Relations

21,308.91+

Registrar's Office

1+0,299.1+6

Statistical Bureau

17,133.91

Veterans Division

2,1+78.60

TOTAL ADM. & GENERAL J 23?,l91.8I( *

$ 33,508.31 * k,997.9k $

83.1(5

6,000.00

12,1(59.81*

31+9.60

6,961+. 22

59,055.18

30,299.98

2,252.1+1

18,220.27

2,673.1+2

1+15.25

31,oit5.1t9

8,281+.10

969.87

16,671.16 2,21+9.22

297.75 11(9.87

165.00
79.51

' * 157,1(18.1(9 T 78,660.27 1 T V F 3 7 5

STUDENT WELFARE

Dean of Students

$ 11,071.76 $

Dean of Men

2U, 31(1.1(9

Dean of Women

23,1+86.26

Placement

11,167.73

Student Health Service

1(5,127.92

University Chaplain

1,569.92

TOTAL STUDENT W E L F A R E T i 6,7 5.o 8 $

$
200.00
200.00 ' $

10,200.00
23,2m . 13
22,151.61+ 9,1+31+. 88
29,553.69 1,699.92
"96,281.26

| 816.76 81+2.66
1,023.50 982.80
13,781+. 32 70.00
17,520.01+

$

55.00

257.70

311.12

750.05

1,789.91

$ "3,163.78

PHYSICAL PLANT General Operations Grounds Janitors Repairs TOTAL PLANT OPER.
LIBRARIES

$ 109,352.58 $ 7,367.87 63,731+. 66

130,218.93

135,079.1k

2,000.00

$ 1(38,385.31 1 9,367.87

$ 21+6,386.68 $ 100.00

$ 21,069.81+ $ 87,81+0.87 $ 7,809.7k

37,167.08 17,293.80

9,273.78

116,1+81.21+ 12,1+27.52

1,310.17

55,510.79 76,358.02

5,210.33

$ 230,228.95 *193,920.21 |""23,661+.02

$ 137,016.58 $ 9,136.66 $100,333.1+1+

INSTRUCTION

Dean of Faculties

$ 19,993.30 $

$ 19,251+.7l+ $ 668.13 $

70.1+3

College of Agriculture

Dean's Office Agr. Economics

29,866.67 10,686.31

3,000.00

25,751.61( 13,1+16.81+

3,726.13 269.1+7

388.90

Agr. Engineering Agronomy Animal Husbandry Dairy

36,103.1+0 l8,6ll+.69 20,1+12.1+6 12+, 275.11

l+,000.00
5,000.00 5,000.00 6,000.00

3i+,088.77 22,095.21+ 23,31+9.68 19,099.-81

91+2.03
995.90
563.07
982.35

5,072.60
523.55
1,1+99.71
192.95

Food Technology Horticulture

12,809.83 10,558.1+3

5,000.00

11,096.18 li+,l+51+.60

1,065.83 1+91.79

61+7.82 612.01+

Landscape Arch.

17,258.88

15,823.59

928.71

506.58

Plant Pathology Poultry Husbandry

11+, 237.1+0 10,730.23

3,000.00

12,897.00 12,819.80

501+.57 1+29.26

835.83 1+81.17

Arts & Sciences Dean's Office

21,511.87

17,91+7.31+

3,316.35

21+8.18

70

STATEMENT OF CURRENT EXPENDITURES (Continued)

Fund Classification

INSTRUCTION (Continued)

General
rT ^

Restricted

Archaeology

$

Art

G. E. B. Art (51-52)

6,UU8.15 $

57,1^5.28

1,000.00

1,988.52

1 ,988.53

G. E. B. Art (51-52)

20,016.37 20,016.37

Bacteriology Biology Botany

15,926.13 U6,729.68 31,609.37

2,1400.00
2,000.00

Chemistry

63,598.19

3,692.79

Classics English Geography & Geology

9.U22.9U 66,8U9.17 3U,U33.01

3,000.00
2,000.00

History Mathematics

29,321.26 iil,0U0.65

3,000.00

Modern Languages

UU,350.96

Music

5ii,120.86

Nursing Education

2,150.00

Philosophy Physics Political Science

11,526.13 35.lt38.71 22,571.142

2,000.00 2,000.00

Psychology

29,731.80

Religion Sociology

5,135.96 21,6614.12

2,163.65

Speech and Drama

19,839.18

Business Administration 1114,531.614

1,000.00

Education Demonstration School

27,3U8.63 70,783.U2

General

90,789.33

U52.77

Physical Education Teacher Training - Agr. Teacher Training - H. E. Forestry

6U,927.79 8,861.39 9.13U.33
33,1314.98

28,5614.21 12,997.92
6,000.00

Graduate Graduate School - GEB Home Economics Journalism Law School

U8,5l46.87
80,1470.01 32,222.26 62,980.26

2,668.39 2,000.00

Military Pharmacy

7,279.314
146,708.81

2,000.00

Regents Professors Summer Quarter

14,993.16 137,5714.88

Veterinary Medicine

Dean's Office Anatomy & Histology Clinics & Medicine Hygiene Pathology Phys. & Pharm.

15,021.15
9,212.55
50,569.37
It,971. 30 5,977.61
20,051.66

12,000.00
51,000.00
29,000.00
314,000.00
14,500.00

Object Classification

Operating

Salaries & Wages

Supplies & Expense

Equipment

$ 6,300.00 $

85.86 $

62.29

5l4,665.9U 3,650.00

1,711.28 216.23

1,768.06 110.82

20,933.02

6,527.22

12,572.50

114,819.92 143,031.76
29.97U.U1 5U,653.08
9,300.00

506.3U
it,337.77 1 ,926.63
11,900.143
73.92

599.87
1 ,760.15
1,708.33
737.147 U9.02

69,132.148

398.8U

317.85

29,U6l.l8

1,676.55

5,295.28

29,121.72
U3.379.36
U2, 532.14I4

150.OU 209.53 532.32

U9.50
U51.76
1,286.20

5l,7i49.2U

1,256.814

1,1114.78

2,100.00 ll,U23.2l4

50.00 72.89

30.00

32,182.72

1,8814.614

3,371.35

214,266.36
29.2ltl.52 5,067.6U

237.U1
350.53
18.82

67.65
139.75 U9.50

23.U53.U8 19,029.96

3714.29
2I4I . H 4

568.08

107,769.U6

14,738.814

3,023.3U

93,373.30 83,090.69 60,683.17 31,1140.80 19,806.36 3U.968.53 U7.U02.89
2,1400.00
72,71t5.10 29,257.73 59,761t. 72
5,919.96 37,139.73
14,993.16 13S,585.1tl
13,239.81t 18,6314.56 62,793.69 28,070.82 314,3914.66 20,959.92

3,977.19
it, 508.05
3,087.36 6,2814.80 2,325.89 1,802.17
961.32 268.39 6,188.08 2,3014.87 1,607.98 1,1914.18 6,332.58
1,989.U7
1,666.81 1,251.20 31,906.08 2,171.62 2,119.71 1,171.53

781.56 3,613.36 1,157.26
2,3614.28 182.66
3,536.83
659.66 1,607.56
165.20 5,236.50
I U 4.50
1,326.79
6,869.60 3,731.86
3.U63.21 2,U20.21

TOTAL INSTRUCTION

$1,783,1426.76 4333,228.05 $1.895,699.20 $137,1481.26 $ 83.U71t.35

71

STATEMENT OF CURRENT EXPENDITURES (Continued)

Fund Classification

General

Restricted

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense

ORGANIZED RESEARCH
Atomic Energy 7 Sav. $
Brucellosis

Bureau Business Res.

Bureau Pub. Adm.

Eli Lilly - Phann.

General

Mite Control

Ordnance - Cohen

Ordnance - Fort

Ordnance - Huff

Pine Nutrition

Plant Toxicology

Sharp & Dohme

Tsali Inst. - Cherokees

Wood Preserving - For.

TOTAL ORG. RES.

$

1 3 ,622.15
9,609.59 163,618.60
1*05.25
187,255.59

$ 11,681.65 $ 9,595.00

2,206.66

1,187.50

1 1 ,882.82

7,719.96

2,527.32

868.00

8,000.00
338.92

11*7,066.60

3,1*82.1*8 6,020.96

3,298.23
6,020.96

5,580.72 131*. 00

5,390.28
131*. 00

11,738.37

8,1*11.69

612.56

600.00

1,310.50

1,065.75

399.00

321*. 00

$ 51*,033.11* " $ " 203,561*.T9

$ 1,753.18 91*8.76
1,739.33
1 ,311*.63
398.51 13,905.80
181*. 25
190.1*1*
2,Oi*9.l8 12.56
650.00
75.00 $23,221.61*

Equipment $ 333.1*7
70.1*0 575.00 1,260.81 10,61*6.20 338.92
1,277.50
$ 11*,502.30

EXTENSION

Ag. Ed. Relations

$

Ag. Short Course

1*,627.1*2

Livestock Judging

Milk Control - Short

Allstate Foundation

Atlanta Area

2,326.83

Distributive

2,100.00

Field Services

22,910.97

General Mills

Kellogg Project

Mental Health

Resource - Use

Surveys

Veterans Teacher Training

Arch. & Anthropology

5,21*3.78

Art Museum

6,882.86

Forestry

661*. 92

Forestry Surveys

Ga. Poultry Imp.

Inst, of Law & Gov.

Literary Quarterly

10,11*8.26

S. E. Massengill

Univ. Press Vet. Guidance

31,030.59
20,361*. 50

Wildlife Cons.

TOTAL EXTENSION

$ 106,300.13

$ 25,910.87
281*. 70 91*0.28 3,239.87 17,51*7.50 3,613.1*1
869.1*6 8,778.97 7,279.86
3,23l*.06
3,551.1*5 9,696.1*0
13,1*19.17 37.33
2,206.18
ll*.90
1*, 51*1.79 $105,l66.80

$ 12,187.51 $13,723.36

1*, 627.1*2

281*. 70

3,000.00

91*0.28 122.57

16,1*33.10 3,1*1*1.23

1*,999.92 20,999.76

713.1*9 1,751.21

712.50

156.96

6,100.00

2,678.97

5,1*99.96

1,779.90
3,231*.06

250.00 3,301.1*5

6,81*7.19 2,81*9.21

1*,255.16

795.75

5,133.5*

999.22

661*. 92

7,891.61* 5,528.13

37.33

1,725.00

1*81.18

5,1*80.00 1*,668.26

12,297.82 18,530.71
18,116.80 2,101*.91 2,895.00 1,038.02
* 135**89.82 $ 73,708.32

$
117.30 160.00
192.87 750.10
11*.90
202.06
11*2.79 608.77
$ 2,188.79

TOTAL EDUC. & GEN. EXPEND. $3,115,711.39 $502,095.86 $2,855,699.09 $533,128.1*0 $228,979.76

72

STATEMENT OF CURRENT EXPENDITURES (Continued)

Fund Classification

General

Restricted

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense

Equipment

NON-EXPENSE

Transfer to Plant Funds * 189,500.00 $

Refund Prev. Yrs. Income

382.31*

Transfer to Gen. Funds

3,617*78

TOTAL NON-EXFENSE

189,500.00 $ U,000.12

TOTAL EDUC. & GEN. DISB.

$31,305,211.39 $506,095.98

B. GENERAL EXTENSION ADMINISTRATION General
PLANT OPERATIONS

$ 30,181.78 r $ 1,219.97 $

$ 20,717.88 $ 1,219.97

INSTRUCTION

Columbus Center

$ 36,521*. 61* $

Gainesville Center

2l*,51*2.95

Marietta Center

26,371.90

Rome Center

27,367.39

Waycross Center

21*,088.12

Negro Columbus Center

15,817.13

TOTAL INSTRUCTION f 156,712.13 T

$ 32,6148.57 20.719.88
25,21*6.31* 21*, 1*1*2.08
21,339.91 11.279.88 $138,676.66

SERV. REL. TO INSTR. Film Library Photographic TOTAL SERV. REL. TO INSTRUCTION

$ 29,361.83 $ 20,833.32
$ 50,195.15 $

$ 11*,101*.50
9,102.73
$ 23,207.23

EXTENSION Correspondence Part-time & Special TOTAL EXTENSION
TOTAL GEN. EXT. EXPEND.

$ 52,562.55 $
3lj.650.30
$ 8?,515/85"t
$ 325,521.88 $

$

hi,279.17

20,938.22

$ 66,217.39

$250,039.13

l C. AUXILIARY ENTERPRISES DORMITORIES Barracks Brown Camp Wilkins Candler Clarke Howell Coordinate Law

$ 10,897.12 #
11,959.53 309.07
3,811.1*6
12,907.39 17,938.59
U,270.60

$ 1*,667.82 6,113.36
2,659.71* 6,715.39 9,659.91* 2,091.20

$ 7,015.08 $ 2,1*1*8.82

$

$

$ 3,876.07 $ 3,710.80 3,125.56
2,925.31 2,71*8.21
1,131*. 99 $ 17,520.85 $

112.27
1*02.35 5n*. 65

$ 8,115.62 $ 7,H*l.7l 8,21*9.08 3,1*81.51
$ 16,361*. 70 $10,623.22

$ 6,367.1*6 1 915.92

13,327.08

385.00

$ 19,691*.5l* $ 1 ,300.95

$ 60,595.17 $11*,887.58

$ 6,229.30 $

5,1*19.67

1*26.50

309.07

1,151.72

5,189.86 1,002.11*

9,278.65

2,179.1*0

*A
73

STATEMENT OF CURRENT EXPENDITURES (Continued)

Fund Classification

General

Restricted

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense

Equipment

C. AUX. ENTERPRISES (Continued)

DORMITORIES (Continued)

Lucy Cobb Mary Lyndon

$ 10,121.77 $ 12,37k.83

Milledg

7,95k.78

Milledge Annex

9 , 0 6 l .73

Myers

13,292.62

Private Trailers

1,533*99

Reed Rutherford

8,189.99 11,581.10

Soule

15,k5k.23

Veterans Housing

52,366.18

TOTAL DORMITORIES

W 20U,02U.98 T "

DINING HALLS Coordinate Denmark Lucy Cobb Milledge Annex Snelling Hall Tea Room TOTAL DIN. HALLS

$ 5k,926.93 $ Ilk,606.59 36,8k3.65 62,122.16
128,377.1k 12,586.00
1*09,k62.1*7 $

GENERAL TOTAL DORMS & DINING HALLS

$

5,799.99 $

$ 6l9.287.iUi $

$ 5,933.65 5,290.26 k,955.95 k,057.16 k,081.79
2,256.73 5,3k3.87 k,025.17 23,031.32 $ 90,883.35
$ 15,865.81 21,657.51 11,639.77 9,051.75 29,807.57 k,656.28
$ 92,678.69
$ 5,klk.8l
$188,976.85

OTHER Printing Dept. University Stores
TOTAL OTHER

$ 53.992.W $ 309,520.'lt0
$ 363,512.88 $

$ 26,050.87 3k,259.02
$ 60,309.89

TOTAL AUX. ENTERPRISES

$ 982,800.32 $

$2k9,286.7k

NON-EXPENSE Transfer to^Plant Funds $

78,573.k7

TOTAL AUX. DISBURSEMENTS

$1,061,373.79

D. OTHER NON-EDUCATIONAL Scholarships Awards TOTAL OTHER NON-EDUC.

$ 22,093.96 1,000.39

TOTAL CURRENT DISBURSEMENTS $k,692,107.06 $529,190.33

$ k,188.12 6,765.18 2,998.83 3,333.17 8,k23.00
1,533.99 5,k88.10 6,039.63 11,269.06 28,903.k2 $107,700.17

$ 319.39
l,67i.kO 787.83
kk5.l6 197.60 160.00 k31.kk $ 5,kUl.k6

$ 39,061.12 92,9k9.08 25,203.88 53,070.kl 97,222.30 7,929.72
$315,636.51

l,3k7.27 $ 1,367.27

$

385.18 $

$k23,521.86 $ 6,788.73

$ 25,307.60 * 2,636.21 263,150.53 12,110.85
1288,657.93 $16,71i5.06
$711,979.79 $21,533.79

74

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS For Year Ended June 30, 1953

Balance Beginning
of Year

Income

Expenditures

Balance End
Transfers of Year

A. EDUCATIONAL AND GENERAL

STUDENT FEES - Atlanta Area

$

$ 11,21)7.50 $ 11,21*7.50 $

$

GOVERNMENTAL State of Georgia Law Institute Grants & Aids Other States N.C. - Ag. Ed. Relations Term. - Ag. Ed. Relations Virginia - Ag. Ed. Rel. Vocational United States Morrill-Nelson Dept, of Health For Mental Health For Brucellosis For Plant Toxicology For Metabolism Navy Department For Research Vocational Counties & Cities Chatham County For Surveys Clarke County For Dem. School Floyd County For Surveys Hall County For Surveys Muscogee County For Surveys

$

$ 6,500.00 $ 2,206.18 t

$ 4,293.82

-9,506.96

175.00
1,100.00
1,1*00.00
30,51*1*. 61*

67,863.65

-$09.1*8 18,372.12

5,990.91*
3 ,510.00
1*,61*1*.00

3,611.06
-9,1*88.81* 29,5514.35

175.00 1,100.00 1,1*00.00 29,83l*.00
67,863.65
7,279.86 2,206.66 11,738.37
28,272.00

-8,796.32

260.00 1,1*36.66

-1,798.1*0 1,01*3.31* 5,197.09 1*,61*1*.00

3,611.06 -8,206.1*9

2,11*2.00

-6,011.66 71,035.92

375.00

1,833.01*

i*75.oo
750.00

2,11*2.00 70,783.1*2
375.00
719.1*5

-5,759.16
2,308.01*
30.55

TOTAL GOVERNMENTAL

$ -1,700.72 $226,060.50 $226,095.59 $ 1 ,696.66 $ -3,1*32.1*7

ENDOWMENT Alumni Library For Books Alumni Y. M. C. A. For V. R. A. W. H. Bocock For Books B. A. & 'f. N. Denmark For Maintenance Franklin College For Research

$

329.63 $

330.32 $

$

1,31*8.56

1*25.88

200.00

U*.l*l* 2,776.22

9.50 1,081.05

1 ,081.05

6,165.61

8,000.00

8,000.00

$ 659.95
1 ,571*.1*1*
23.91*
2,776.22 6,165.61

75

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (Continued)

ENDOWMENT (Continued)

Balance Beginning of Year_______ Income

Expenditures

Transfers

Balance End of Year

Mary J. Franklin For Maintenance
George R. Gilmer For Education - General
Journalism' Dean's Fund Landscrip Fund
For Maintenance Edmund Magers
For General Purposes George Foster Peabody
For Law School William Terrell
For Dr. A. W. Scott University of Ga. Foundation
For C. A. McMahon For H. W. Schoeribom
TOTAL ENDOWMENT
GIFTS All State Foundation For Driver Training Allied Chem. & Dye For Mite Control Athens Development Corporation For Rep. Athens High School Atomic Energy Commission For Research Atomic Energy - Sav. River For Research Callaway Community Fund For Art Carnegie Foundation For Research Emory University For Atlanta Area Game and Fish Commission For Wildlife Conservation Georgia Power Company For Ag. Ed. Relations G. E. B. - For Art 1951-52 G. E. B. - For Art 1952-53 G. E. B. - Larmar Dodd G. E. B. - Grad. School G. E. B. - For Library General Mills For Nutrition Georgia Forestry Commission For Survey Ga. Poultry Imp. Assn. For Vet. Medicine

$ 97.20 $
303.39 695.61

119.1*6 $ 1*52.77

100.00 $
1*52.77

$ 116.66
303.39
695.61

.73 3.03 100.65 1*66.1*2

6,186.82 2.50
692.79 1*33.28 1*00.00

6,186.82 692.79

.73 5.53
100.65
1*66.1*2 133. 28

0000 0000:

$12,301.1*9 $ 18,131*. 37 $ 17,1*13.1*3 133.28 $12,889.15

$

$ 5,000.00 $ 3,239.87 $

$ 1,760.13

350.00

338.92

11.08

2,000.00 2,000.00

110.95
607.36
800.00

10,593.1*1

11,681.65

110.95 800.00 -1,280.88
800.00

21*6.37

6,300.00

6,300.00

21*6.37

1,270.80

6,000.00

1*, 51*1.79

2,729.01

1,991.22
693.98 2,182.70 20,137.72

500.00
31*, 000.00
10,000.00
23,000,00

500.00 1,988.53 20,016.37
2,668.39 18.25
869.1*6

250.00

13,1*19.77 37.33

2.69

13,983.63 10,000.00 20,331.61
675.73

1,313.21*

6,717.9 5

212.67

76

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (Continued)

Balance Beginning
of Year

Income

Expenditures

Transfers

Balance End of
Year

GIFTS (Continued) Jackson Electric Corp. For Ag. Ed. Relations Jewish Fund For Books Kellogg For Education Eli Lilly For Pharmacy Little Ocmulgee Elec. Corp. Livestock Judging S. E. Massengill For Vet. Medicine Milk Control Board For Dairy Short Course Mitchell County Elec. Corp. For Ag. Education Ordnance - Cohan For Research Ordnance - Fort For Research Ordnance - Huff For Research Osmose Wood Company For Wood Preserving Read. Psycho-Ed. Clinic Sharp & Dohme Southern Regional Council Tennessee Corporation For Pine Nutrition Tsali Institute - Cher. Ind. For Research Walters Elec. Corp. For Ag. Ed. Relations Wyeth Laboratories For Vet. Medicine
TOTAL GIFTS

$

$

50.00 $

50.00 $

$

100.00

81.75

18.25

U, 856.31)

8,778.97

-3,922.63

3,373.21

50.00 625.00

2,527.32
50.00
281*. 70

318.93

2,500.00 1 ,000.00
50.00

11*. 90
91*0.28 50.00

-1 ,055.00 -2,192.30

3,800.00
7,583.31* 7,775.00

3,1*82.1*8
6,020.96
5,580.72

1*00.00

100.00 1,000.00 127,000.00

606.15

500.00

610.50

700.00

50.00

399.00
612.56 126,500.00
131*.00
1,310.50
50.00

81*5.89 31*0.30
2,1*85.10
378.65

617.23 503.90

-299.71
507.38
-501.92
1.00 100.00 387.1*1*
500.00
972.15

1,500.00

1,500.00

$ 30,102.59 $257,233.09 $221*,1*88.1*7 $ 2,170.19 $60,677.02

SALES AND SERVICES Agricultural Educ. Relations Math. Books Surveys - Educational
TOTAL SALES AND SERVICES
TOTAL EDUCATIONAL AND GENERAL

$ 6,220.37 $ 15,550.79 $ 22,535.87 $

65.00

6,81*1.69 315.00

315.00

-.01 $ -761*.70 6,906.69

$ 6,285.37 $ 22,707.18 $ 22,850.87 $

-.01 $ 6,11*1.99

$ 1*6,988.73 $535,382.91* $502,095.86 $ 1*,000.12 $76,275.69

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (Continued)

Balance Beginning
of Year

Income Expenditures

Balance End of Transfers Year

B. OTHER NON-EDUCATIONAL ENDOWMENT - SCHOLARSHIPS Advancement cff Art Art Scholarship Neil Reid Memorial For Landscape Arch* Sch.

91.56 $ 215.00

TOTAL ENDOWMENT - Scholarships $ 306.56 $

58.50 $
1*00.00
1*58.50 $

300.00

$ 150.06 315.00

300 00 $__________ $ 1*65.06

GIFTS - SCHOLARSHIPS American Foun. Phar. Educ. Fellowship Atlanta Womens Pan-Hellenic For L. Kemp Scholarship Gladys Beach For Earl Jenkins Donald Bond Scholarship Borden Company For Home Economics James F. Byrnes Scholarship For Grace L. Miller Chi Psi Ed. Scholarship Jennie Fowler Cole Fred Dean Scholarship Columbus Philharmonic Guild Scholarship Delta Air Lines Scholarship Mrs. R. M. Durr For Poultry (Schaffer) Rebecca Felton Fund Gainesville Civitan Club Scholarship Ga. Feed Association For Scholarship Sallie Jones Scholarship Kroger Grocery Company For Scholarship Esther McLemore Scholarship G. H. Neimeyer For Art* - Silversmithing Shahbaz Parsa Scholarship Rosenblatt Fund For Louise Virgin Sears, Roebuck & Company For Agriculture Sears, Roebuck &Company For Home Economics Seedmans For Scholarships Solar Steel Corporation Fof* Scholarships Southern Assn. Ice Cream Mfg. For Scholarship

200.00 $ 2,650.00 $ 2,81*9.96

180.00

I 8O.OO

1,200.00

100.00
150.00

100.00 75.00
300.00

6.21*

518.51* 200.00

521*. 78 200.00

75.37
2,1*00.66 80.00
600.00

150.00 600.00 1 ,600.00
200.00
1 ,123.1*5
1,100.00

75.37
150.00
520.83
1,600.Ou 200.00
60.00
1,1*73.1*5 900.00

200.17 11.5.00

866.66

799.96
115.00

50.00

320.00

25.00 320.00

370.00

370.00

66.68

2,183.32

2,516.61*

66.71*

999.98

1,016.70

170.00

1*00.00

322.29

330.00 1,000.00

330.00

.oU
75.00
900.00
79.17 2,1*00.66
20.00
250.00
200.00 266.87
25.00
-266.61* 50.02
21*7.71
1 ,000.00

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (Continued)

Balance Beginning
of Year

Income

Expenditures

Transfers

Balance End of
Year

B. OTHER NON-EDUC. (Continued)

GIFTS - SCHOLARSHIPS (Continued) Strain Feed & Coal Scholarship ^

1i. 200.00 3>

$

Student Activities For Orchestra Scholarship

3,137.1*3

1,007.65

1,202.61*

Tithers, Inc. For Nancy Johnson Scholarship

100.00

100.00

Lamar Trotti Fund For Frances Sosebee

76.50

306.00

300.00

U. S. Dept. State Scholarship for H. Muenher

211.91

211.91

Union Bag Company For Forestry Scholarship

133.00

2,93li.OO

2,667.00

Various Sources For Music Scholarship

1*98.67

55.02

Various Sources For Pharmacy

76.75

950.00

800.01*

Maud Warwick Fund Scholarship

250.00

250.OO

Welfare Association - Lovett Scholarship
Womans Club Scholarship

175.89 701.50

175.89 701.50

R. W. Woodruff For Forestry

83l*.l*2

360.00

$ 200.00 2,91*2 .1*1*
82.50
1*00.00
553.69 226.71
1*71*. 1*2

TOTAL GIFTS & GRANTS - SCH.

i tlO.199.SU 21,722.01 $ 21,793.96 $---------- $10,127.59

ENDOWMENT - AWARDS W. J. Bryan For Prizes J. B. Connally For Prizes Geo. D. Kitzinger For Award 1*-H Club Isaac Meinhard For Award Horace B. Russell For Prizes Cecil Will cox For Prizes
TOTAL ENDOWMENT FOR AWARDS
GIFTS - AWARDS Michael Award Jesse Sayre - for Award Student Activities - Prizes Univ. of Ga. Foundation For Bert Michael Award
TOTAL GIFTS FOR AWARDS

$ 50.1*6
21*8.82 288.61

6.11* $ 71.95 380.37

60.71 89.97 28U.58 $ 1,023*15 $_

55.00 52.50 565.96 $

I

% 500.00 $

200.00 85.30

60.00

177.28________ 15.1*2

* 1*62,58 $

575.U2 $

7.96 $
50.00 361.16 1*19.12 $

$ 1*8.61* 320.77 668.98 60.71 9l*.97 -21*. 08
3 1,169.99

500.00 $ 53.60

$
200.00 91.70

27.67_________________ 165.03

581.27 $_________ $ 1*56.73

79

Il

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (Continued)

Balance Beginning
of Year

Income for Year Expenditures

Balance End of Transfers Year

TOTAL AWARDS

$ 1,1*85.73 $ 1,11*1.38 $ 1,000.39 $

$ 1,626.72

TOTAL OTHER NON-EDUCATIONAL

$ 11,991.83 $ 23,321.89 $ 23,09ii.35 $

$12,219.37

TOTAL RESTRICTED FUNDS

1 58,280.56 $558,701*. 83 $525,190.21 $1*,000.12 $88,1*95.06

I>

STATEMENT OF TRUST FUND BALANCES

For Year Ended June 30, 1953

I)

Endowment Funds

Loan Funds

Miscellaneous Funds

Balance of Princ., Beginning of Year (including Income not Transferred)
ADDITIONS Income on Investments Gifts and Grants Recoveries on Student Loans Transfers from Loan Funds Transfers from Endowment Funds Miscellaneous Transfer from Univ. of Ga. Agency Account (for Savings Acct.) TOTAL ADDITIONS

$2,363,185.01 $780,1*96.63 $ 12,670.1*8 'r

79,352.81 1,852.29
5,557.23 216.56

22,372.51 3,018.33 61*0.51*
1*,711.03
53.70

1,902.57 87.7U

750.00 1 8 7 7 7 2 0 9 " $ 30,796.11 $

1,990.3

DEDUCTIONS Notes Written Off Transfers to Other Schools Transfers to Univ. of Georgia Transfers to Loan Funds Transfers to Endowment Funds Collection Costs Fellowships, etc. Expenses of Trust Loss on Sale of Bonds Premium and Other Charges on Purchase of Bonds Other transfers (U.S. Treas.) Mis cellaneous TOTAL*DEDUCTIONS

$

$ 12,687.90 $

2,527.70

18,301.99

1,100.00

10,323.71

U,711.03

5,557.23 550.99

511.10

2,377.16 22,823.87

3,332.01

8,898.29

1,168.28 135.00

33.37

718.25

1 60,l5l.lL $ 21*,561*.W I 1 1 ,01*1.96

Balance of Principal, End of Year (Including Income'Not iransferred)

$2,390,762.76 $786,727.96 $ 3,618.83

GRAND TOTAL

$3,181,10955

80

STATEMENT OF TRUST FUND BALANCES BY FUNDS For Year Ended June 30, 1953

Balance
Beginning of Year

Additions Deductions

Balance End of
Year

endowment funds
Fund for Advancement of Art
Alumni Library Aluijini Y. M. C. A. W. H. Bocock Charles H. Brand Charles McDonald Brown Henry Warren Brown William J. Bryan Prize Bernice F. Bullard Elizabeth M. Bullard A. F. Churchill Memorial Edward T* Comer Hugh Moss Comer Joe Brown Connally May E. Talmadge D. A. R. Richmond W. McCurry D. A. R. B. A. and T. N. Denmark William Stark Denmark Eugene and Harry Dodd
Philip Feingold Franklin College Mary J. Franklin Ebb W. Gallagher Memorial George R. Gilmer Harold Hirsch A. L. Hull Memorial Interfraternity Council Clyde L. Jr. and John King George D. Kitzinger Award Joseph Rucker Lamar Landscrip Francis A. Lipscomb
Emma Long Lumpkin Law School Joseph Henry Lumpkin Charles F. McCay Edmund Magers Isaac Meinhard Bert Michael Thomas E. Mitchell Thomas E. Mitchell (Univ. of Ga.) Thomas E. Mitchell (Coordinate)
Pearl Campbell Moon C. A. and H. B. T. Moon Music Scholarship George Foster Peabody Phelps - Stokes Fellowship Benjamin Z. Phillips

7,780.02 $ 11,033.96
1 3 ,1469.6)4

808.50 $ 3U0.17 U25.88

58.50 3U0.17 U25.88

$ 8,530.02 11,033.96 13,U69.6U

U09.83
1 ,19 1 .6 0
510,852.85 26,725.36 217.89
27,786.53 52,980.07 32,780.62 3 5 7 ,0 6 0 .7U
2,910.00

11.68 31.7U 15,127.31 1,118.28
6.1U 1,9UU.U2 1,661.23 2,19.U.?8
12,897.55 65.00

9.50 3 1 .7U U,108.U2 5 3 .7U
6.1U 87U.67
102.38
1,01U.67 1 0 , 065.76
U00.00

U12.21
1 ,191.60
521,871.7U 27,789.90 2U7.89 28, 856.28 5U,538.92
33.960.93 359,892.53
2.575.00

2,U65.53

75.98

U,991.77

127.20

1 , 500.00

U1.38

36,153.93 1,161.92

1 8 , 2 3 8 . 8h

U50.25

1 ,612.18

U9.13

1,086.29

30.29

118,000.00 8,853.UO

U,359.00

13U.23

5,125.00

125.00

15,130.00

U7U.13

I,

3U6.55 36.32

U19.11

8.2U

1 . 000. 00

1 2 , 500.00

835.89

I I , 790.07 U06.59

25. 000. 00

929.06

75.98 121.20
U1.38 1,161.92
362.70 3.03
U6.16 8,907.73
13U.23
U7U.13 1.31 8.U3
U28.89 U06.59 929.06

2,U65.53 U,9 9 7 .7 7 1 . 500.00
36.153.93 18,326.39
1 ,65 8 .2 8
I , 070.U2 117,9U5.67
U,359.00 5,250.00 15,130.00 1,383.56
U18.92 1 ,000.00 12,907.00
I I , 790.07
25,000.00

2U2,202.17 2,21U.39

7,307.98 6 6 .16

7,307.98
5.57

2U2,202.17 2,27U.98

608.85 30,392.16 15,690.97

16.13
l,78l.U U U83.85

3.57 1,168.51
29U.06

621.U1
31,005.09 15,880.76

281,087.95 102.79
1 ,000.00

8,055.80 2.50
26.90

6,891.31 2.50 5 5 .5U

282,252.UU
102.79 971.36

850.00 139,865.26

20.68
U,562.U1

20.68
U,U36.Ul

850.00
139,991.26

U3,U60.8U 1,728.6U 1 , 1 0 0 . 1 U

UU,089.3U

27,U70.22

9 2 1.8 6

83U. 1 6

27,557.92

2,U50.36 2,U62.75 2,165.00

7U.80 77.9U 159.33

5,99 6.53 59.33

2,519.17 2,53U .l6 2,265.00

U75.00

13.U6

21.93

U66.53

17,02U.U0 13,9U2.00

U83.22 512.66

135.U9 27.55

17,372.13 1U,U27.11

81

STATEMENT OF TRUST FUND BALANCES BY FUNDS (Continued)
Balance Beginning
of Year

Balance End of
Additions Deductions______ Year

ENDOWMENT FUNDS (Continued) A. W. Reed Memorial H. L. Richmond Fellowship Horace B. Russell Edwin S. Shorter Hoke Smith Memorial Martin R. Smith Prize 0. V. Smith William Terrell Berryman T. Thompson Lamar Trotti Jr. Scholarship Frances C. Tucker J. H. R. Washington Science Cecil Wilcox - Prize Cecil Wilcox - Loan
TOTAL ENDOWMENT FUNDS

$

1+,83U.97 $ 29,52ii.63

11*8.28 $ 861.58

10.10 $ 11*2.26

1*,973.15 30,21*3.95

1,913.13

55.00

55.00

1,913.13

8,970.61*

627.11

9,597.75

U.535.80

71.33

9.20

1*,597.93

3,969.7)4 62,UU3.9i+
20,130.00

98.60 81*0.56
713.65

9.37
1*36.02
713.65

1,058.97
62,81*8.1*8 20,130.00

13 ,388.59 3,i400.00

61*0.02 377.1*0

529.76
306.00

13,1*98.85 3,1+71.1*0

75,05)4.06 1 ,105.00

6,1*38.75
70.00

1*, 81*9.1*6

76,61*3.37
1 ,175.00

2,000.00

52.50

52.50

2,000.00

2,500.00

66.26

66.26

2,500.00

$2,363,185.01 $87,728.89 $60,151.11* $2,390,762.76

LOAN FUNDS 0. C. Aderhold Lucile Alexander Alpha Zeta Alumni Association Preston S. Arkwright R. and L. Arnold Atlanta Cotton Oil Company Atlanta Journal Atlanta Stockyards DuPre Barrett L. H. Beall Bibb County Dawson John D. Bolton, Jr. Memorial Charles H. Brand Mary Upshaw Broach Charles McDonald Brown Henry Warren Brown Bryan County Dawson Shepherd Bryan Bernice F. Bullard Asa Candler Charles H. Candler Carroll County Dawson Chamberlin-J ohnson-DuBose Charlton County Dawson Chatham County Dawson A. F. Churchill Memorial Citizens & Southern National Bank Class of 1926

$

$ 55U.00 $

$

551*. 00

715.77

18.87

19.18

715.I+6

1*1 6 .6)4

9.21*

.88

1*25.00

1 ,1*08.56

36.23

1.75

1,1*1*3.01*

1 ,705.33

33.13

56.11

1,682.35

217.05

5.00

222.05

509.1*1 1,636.95
175.21* 565.20

11.76
1*1.88
2.50
521*. 06

13.70 32.77
.88 27.03

507.7 1,61*6.06
176.86
1,062.23

190.95

5.26

6.31

189.87

1*58.73

10.62

1+69.35

1,005.00
836.60

17.67
3 1 .71

300.00

1,022.67 568.31*

381.92

8.75

390.67

21,621.61 1,1*68.03 5,737.00

17,352