Annual financial report, University System of Georgia, for the year ended June 30, 1954

G-fr SO. M
s/
ifs s - s y

r/
ANNUAL F I N A N C I A L REPORT UNIVERSITY SYSTEM OF GEORGIA
For the Year Ended June 30( 1954
Regents of the University System of Georgia 20 Ivy Street, S. E. Atlanta
1

< O
O
6
u >fit
Ul
o
z
CQ
>fit < fit
fiQ
<z o
F
<z
1AJ
X I4 >-
CQ
oz oD
CQ

*

TABLE CF CONTENTS

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

Summary .................................................... ....... ^

Consolidated Statements ....................... ............ ...... 1

University System of Georgia - General Activities ................... 31

The University of Georgia - Su m m a r y................. ............... 39

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

The University of Georgia, Athens ............ ...................... 59

Agricultural Extension Service, Athens ..............................107

Atlanta Division of the University of Georgia, A t l a n t a ........... ...113

Agricultural Experiment Station - General ........................... 123

Agricultural Experiment Branch Stations ......................... ,...127

College Experiment Station, Athens ................................. 133

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

143

Georgia Coastal Plain Experiment Statioh, T i f t o n ............. *..... 155

Georgia Institute of Technology, Atlanta ............................ 165

Medical College of Georgia, A u gusta........... ..................... 205

North Georgia College, Dahlonega .......................... ..........217

Georgia State College for Women, Milledgeville...................... 229

Georgia Teachers College, Collegeboro............................... 243

Valdosta State College, Valdosta........

....253

Georgia Southwestern College, Americus .............................. 263

West Georgia College, Carrollton........................... ........ 273

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

283

South Georgia College, Douglas ...................................... 293

Abraham Baldwin Agricultural College, T i f t o n .................. ..... 309

Albany State College, Albany ...... ............ .................... 319

Fort Valley State College......... .................................

Savannah State College........ ................................... .

3

MEMBERS OF THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA

Robert 0. Arnold Charles J. Bloch Howard H. Callaway Edgar B. Dunlap, Sr. Frank D. Foley Roy V. Harris Mrs. William Healey John J. McDonough C. L. Moss David F. Rice John I. Spooner Freeman Strickland Francis Stubbs, Sr. Carey Williams James Peterson

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

Term Expires
1956 1957 1958 1959 1956 1958 1960 1957 1959 1961 1961 1960 1957 1955 1955

Officers of the Board of Reaents

Robert 0. Arnold

Chairman

John J. McDonough

Vice-Chairman

Harmon W. Caldwell

Chancellor

M. Gordon Brown

Asst-Chancellor

J. H. Dewberry Director,, Plant & Business Operations

L. R. Siebert

Executive Secretary

James A. Blissit

Treasurer

4

REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA
20 IV Y. STREET. S . E.
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, 1954.
This represents the seventh 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 oper ations of the System for the periods covered, for the information and reference of all persons concerned or interested.
You 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
December 1, 1954
l 5

SUMMARY

Scope of Report

The Annual Report contined herein covers all financial operations of the University System for the fiscal year ended June 30, 1954. 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 disburse ments basis with the exception of the balance sheets and statement of surplus which were prepared on a modified accrual basis.

State Appropriation received for all activities amounted to $13,307,434.

The General Appropriations Act of 1953 included the following appropri ations to the University System for the fiscal year 1953-54:

Section 9: For the cost of operating the State Board of Regents; for aid to the University System; for experi mental purposes; and for the cost of use and/or acquiring additions to plant and equipment for the University System For annual payment to the University of Georgia for old bank stock items For cost of operating the State Soil Conservation Committee

$12, 200,000 8,000
25,000

Section 50b: For Aid to University System for maintenance and for new buildings, plant and equipment

3.000.000

Total Amount Provided in Appropriations Act

$15.233.000

The appropriation included in Section 50b was made contingent on the avail ability of State funds in excess of the amount needed to meet regular ap propriations provided in the General Appropriations Act. No funds were received during the year under this section of the Act. On the contrary, the Governor as Director of the Budget found it necessary to reduce the apppropriations under Section 9 by six per cent. The amounts received under Section 9 and from special appropriations made available by the Governor were as follows:

Regular Appropriation Under Section 9 Special Appropriations
For matching Kellogg Grant for Continuing Education Center at University of Georgia
For development of Poultry Program at University of Georgia
For development of Rock Eagle Project For increased aid for indigent patients
at Medical College of Georgia

$11,499,020
$1,600,000 115,000 55,914 37.500 1.808.414

Total Appropriation Received

$13,307,434

The total appropriation of $13,307,434 received daring the year was
$701,198 greater than the total appropriation received during 1952-53. How ever, after excluding the special appropriations for specific purposes for the two years; the amount of $11,499,020 received for general purposes was $733,980 less than the $12,233,000 received for general purposes during
1952-53.

The balance in the Regents* Allotment Account on July 1, 1953, was $305,747. During the year this account was increased by a State Appropri ation of $13,307,434 as referred to above, and by the transfer of $30,808 from various institutions as net income from the operation of dormitories constructed by the University System Building Authority, making a total of $13,643,989 available for allocation. Of this amount, the Board of Regents approved allocations totaling $13,298,868 leaving an unallocated balance at June 30, 1954 of $345,121.

Total Income from all sources amounted to $30.031.131; an increase of 5.4% over 1952-53.

The University System received income during the year as listed below in comparison with the income received during the previous year.

Source State Appropriation Internal Income
For Educational & General Purposes
For Auxiliary Enterprise Operations
For Plant Additions and Improvements
For Student Aid Total Income for Current And Plant Purposes

Increase or

1952-53

1953-54

(Decrease)

$12,606,236 $13,307,434 $ 701,198

10,063,036 10,692,512

629,476

4,938,167 5,452,560

514,393

709,753 165.339

334,630 243.995

(375,123) 78.656

$28,482,531 $30,031,131 $1,548,600

Total Expenditures for the year amounted to $29.875,092; an increase of 3.1% over the previous year.

Expenditures for current operations and plant additions and improvements made during the year are compared below with the expenditures for 1952-53.

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

1952-53 $19,067,160
4,211,555 5,378,595
333.231

1953-54 $19,768,331
4,933,096 4,738,336
435.329

Increase or (Decrease) $ 701,171
721,541 (640,259)
102.098

Total Expenditures

$28,990,541 $29,875,092 L 884.551

Income for Educational and General Purposes totaled $20.114.923; an increase of 1.4%.

The income received during the year for Educational and General operations is compared below with the income received during the previous year.

Source

1952-53

Student Fees

Matriculation $ 2,770,597

Non-Res ident

Tuition

912,035

Summer Session

522,450

Other Fees

230.382

Total Fees $ 4.435.464

Gifts, Grants &

Endwornent

$ 775,970

Government Other

Then State

2,110,738

Sales & Services 2,622,890

Other Sources

117.974

Total Internal

Income

$10,063,036

State Approp.

9.767.250

Total Income $19.830.286

Increase or

%

1953-54

%

(Decrease) %

14.0 $ 3,117,857 ' 15.5 $ 347,260 12.5

4.6

943,974 4.7

2.6

516,896 2.5

1.2

236.355 1.2

31,939 3.5 (5,554) (1.1) 5.973 2.6

22.4 $ 4.815.082 23.9 $ 379.618 8.6

3.9 $ 1,181,435 5.9

405,465 52.3

10.6 13.2 0.6

2,165,593 2,416,331
114.071

10.8 12.0
0.6

54,855 2.6 (206,559) (7.9)
(3.903) (3.3)

50.7 $10,692,512 53.2 $ 629,476 6.3

49.3 9.422.411 46.8

(344.829) (3.5)

100.0 $20.114.923 100.0 $ 284.637 1.4

It will be noted that student fees produced 8.6% more income than for the previous year. It must be noted that the above comparison is based on income collected during the two years rather than the income earned. The student fees earned during the two years were as follows:

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

1952-53 $2,747,806
929,303 507,479 223.472

1953-54 $3,050,418
877,272 498,469 236.151

Increase or (Decrease) $302,612
(52,031) (9,010) 12.679

% 11..0 (5.,6) (1.,8) 5.,7

$4.408.060 $4.662.310 $254.250

5.,8

A significant change in the incone for 1953-54 as compared with the previous year was in the amount collected from gifts, grants, and endowment. This increase of 52.3% was due to the receipt of some rather large grants received during the year for restricted purposes. It should be pointed out that most of the income included in this classification is for restricted purposes rather than for general operations.

Another significant change was in the amount collected from sales and services. Income from this source was 7.9% less than for the previous year. This decline was due to a reduction in the research services performed by the Engineering Experiment Station of $264,930. The income from sales and services of other institutions was slightly higher than for the previous year.

It was pointed oat earlier in this summary that the State Appropriation received for general purposes during the year was $733,980 less than for the previous year. Because of this reduction it was necessary that the amount allocated to the various institutions for Educational and General purposes be reduced. It will be noted that the incase of the various institutions froa the State Appropriation was 3.5% less than for the previous year and represented only 46.8% of the total incase.

Educational and General Expenditures mounted to $19.768.331.

The expenditures for Educational and General purposes were $70,171 or 3.7% greater than for the previous year. These expenditures are compared by function in the following table.

Increase or

y

Function

1952-53

%____ 1953-54

%____ (Decrease) %

A

Administrative & General $ 1,595,561 8.4 $ 1,633,652 8.3 $ 38,091

2.4

Student Welfare

377,547 2.0

385,614 1.9 8,067

2.1

1

Plant Operations

1,714,770 9.0 1,888,645 9.6 173,875 10.1

Library

728,118 3.8

702,363 3.5 (25,755) (3.5)

ifl

Instruction

7,295,406 38.3 7,367,4351 37.8 172,029

2.4

Activities Related to

Instruction

633,807 3.3

642,735 3.2 8,928

1.4

9

Organized Research

3y924,944 20.6 4,092,054 20.7 167,110

4.3

Agricultural Extension

2,009;259 10.5 2,074,237 10.5 54,978

3.2



General Extension

787.748 4.1

881.596 4.5 93.848 11.9

Total

$19.067.160 100.0 $19,768,331 100.0 $701,171

3.7

"i

Educational and General Surplus reduced by $373.927.

The University System ended the fiscal year with an Educational and General Surplus of $1,485,983 as compared with $1,859,910 at June 30, 1953. On an accrual basis as computed in the Stateaent of Surplus to be found later in this report, incase exceeded expenditures by $323,333; $45,770 was transferred frost other funds; and the Regents' Allotment Account was increased by $8,566; resulting a -total increase in the surplus account of $377,669. The reductions in surplus were as fallows: Transfers to Plant Funds of $523,856; Increases in Surplus Reserves of $215,675; Transfers to Other Funds of $3,000; and Other Surplus Adjustments of $9,065.

The following summary of the Educational and General section of the Balance Sheet is given to compare the assets and liabilities as of June 30, 1954, with those of the previous year.

Assets Cash Accounts Receivable Other Assets

June 30. 1953 $ 2,493,978
577,830 _______ 16.087

June 30. 1954 $ 2,383,600
332,168 _______ 13.637

Increase or (Decrease) $(110,378)
(245,662) (2.450)

Total Assets

$ 3.087.895 $ 2.729.405 $(358.490)

Liabilities & Accounts Payable Purchase Orders Outstanding Unearned Income Other Reserves Restricted Fund Balance Unappropriated Surplus

June 30, 1953

$

152,390

218,855

207,176

61,567

587,997

1.859.910

June 30. 1954

$

33,802

143,214

225,602

98,122

742,682

1.485.983

Increase or
$(118,588) (75,641) 18,426 36,555 154,685
(373.927)

Total Liabilities & Surplus $ 3.087.895 $ 2.729.405 $(358,490)

Receipts from Auxiliary Enterprise Operations were 10.4% greater than receipts for the previous year.

Receipts (taring the year front the operation of Auxiliary Enterprises amounted to $5,452,560 as compared with receipts of $4,938,167 for 1952-53. The receipts by sources for the past two years mre compared in the following sunnary:

Dormitories Dining Halls Bookstores Apartments and Dwellings Other Activities
Total Receipts

1952-53 $ 953,950
2,179,369 1,258,336
247,253 299.259

1953-54 $1,040,859
2,333,617 1,454,594
358,177 265.313

Increase or (Decrease) $ 86,909
154,248 196,258 110,924 (33.946)

$4.938r167 $5,452,560 $514,393

Expenditures for Auxiliary Enterprise Operations amounted to $4.933.0%.

The Auxiliary Enterprise expenditures for 1953-54 were 17.1% greater than the expenditures made during 1952-53. Outlined below is a comparison of the expenditures for the past two years.

Dormitories Dining Halls Bookstores Apartments and Dwellings Other Activities

1952-53 $ 6 % , 229
2,048,185 1,125,310
92,385 249.446

1953-54 $ 865,572
2,235,548 1,311,945
224,870 295.161

Increase $169,343
187,363 186,635 132,485
45.715

Total Expenditures

$4,211,555 $4,933,096 $721,541

Net Incrane from Operation of Auxiliary Enterprises results in a net income of $370,532.
Considered on an accrual basis as reflected in the statement of surplus found later in this report, the income from operations exceeded expenditures by $370,532. This represents a substantial decrease in the net income of $712,769 for the previous year. In addition to the net incrane, the unap propriated surplus was increased by a reduction in surplus reserves of $92,943; by a transfer from other funds of $11,382; and by surplus adjustments of $60; making a total to be added to surplus of $474,917. During the year $698,906 was transferred to surplus to Plant Funds, and $40,138 was transferred to other funds. This resulted in a net decrease in surplus during the year of

10

$264,127; leaving a surplus at June 30, 1954, of $979,688 as compared with $1,243,815 at the beginning of the year.

Income for Student Aid amounted to $457,495.

During the year income for student aid was received in the amount of $457,495 as compared with $347,338 for the previous year. Of this amount $213,500 was allocated by the Board of Regents from the State Appropriation; $175,000 for scholarships to negro students attending institutions other than units of the University System, and $38,500 for the Southern Regional Edu cation 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
Total Income

1952-53 $ 6,642
158,6% 182.000

1953-54 $ 41,250
202,745 213.500

Increase $ 34,608
44,049 31.500

$347,338 $457,495 $110,157

Expenditures for Student Aid amounted to $435,329.

During the year $435,329 was expended for student aid as compared with $333,231 for the previous year. The expenditures are compared with those for 1952-53 in the following summary.

Fellowships Scholarships Other

1952-53 $ 23,212
258,098 51.921

1953-54 $ 28,080 361,300
45.949

Increase or Decrease $ 4,868
103,202 (5.972)

Total Expenditures

$333,231 $435,329 $102,098

Included under "Scholarships" above is $147,487 for 1952-53 and $176,121 for 1953-54 expended for scholarships for negro students. Included under "Other" is $37,000 for 1952-53 and $38,500 for 1953-54 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 $878.165.

The University System held Agency Funds at June 30, 1954, having a total fund balance of $878,165. 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 increased to $4,100,957.

The University System held Endowment Fund assets at June 30, 1954 in the amount of $4,100,957. This amount was compsed of cash in the amount of $52,499

and investments totaling $4,048,458 Listed below is a summary of the invest ments at June 30, 1954 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. 1953 $ 989,900 141.000 1,065,790 138,625 143.000 44,708 127,529 30,650 1,153,851 19.438

June 30. 1954 $1,105,772 141.000 1,129,790 138,625 151.000 66,768 121,674 28,533 1,140,846 24.450

$3.854.491

$4.048.458

Of the above assets, $337 was due to other funds; $29,023 was reserved for the purpose of the trust; and $4,071,597 represented fund balances. This represents an increase of $189,698 in fund balances as compared with the fund balances at June 30, 1953.

Student Loan Fund Assets amounted to $1.197.232.
The total assets of Student Loan Funds at June 30, 1954, amounted to $1,197,232. This amount was composed of cash, $222,859; student notes receiv able, $243,706; and investments totaling $730,668. 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
Total Investments

June 30. 1953 $323,009 4,500 43,300 41,375 6,750 12,727 99,584 264,775 743

June 30. 1954 $275,811 4,000 51,300 41,375 6,750 12,116 95,361 243*519 436

$796.763

$703.668

The fund balances of Student Loan Funds at June 30, 1954, amounted to $1,197,232; which represents a decrease of $20,020 in the fund balances at the beginning of the year. This decrease is due to the transfer of certain Loan Funds to Endowment.

Income foT Plant Additions and Improvements amounted to $3,989,587,
During the year the University System received income in the amount of $3,989,587. The various sources of this income are compared in the following sumary with the income received during 1952-53.

State Appropriation Gifts and Grants Sale of Plant Assets Other Sources
Total Income

1952-53 $2,713,385
168,670 473,390
67.693
$3,423,138

1953-54 $3,654,957
230,551 37,323 66.756
$3,989,587

In addition to the above income, Educational and General Funds in the amount of $523,856; and Auxiliary Enterprise Funds in the amount of $698,906 were transferred to Plant Funds for plant purposes.

Plant Fund Expenditures amounted to $4,738,336.

Plant Fund expenditures for the year as compared with those for the previous year were as follows:

Plant Additions Land Buildings and Additions Improvements Other Than Buildings Equipment
Debt Service (Principal and Interest) Building Authority Rentals Other Expenditures

1952-53
$ 113,353 2,906,865 473,129 137,565 279,601 1,119,066 349.016

1953-54
$ 83,087 1,935,660 351,919 229,861 284,510 1,618,559 234.740

Total Expenditures

$5,378,595 $4,738,336

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 Uni versity 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, 1954, the Building Authority had issued bonds totaling $20,500,000, of which $18,984,000 were outstanding. Funds were held in Sinking and Reserve Funds in the amount of $972,481 for future debt service requirements. Forty projects with an estimated total cost of $20,377,189 had been completed or were under construction during the year. Of these forty projects, twenty-two were started during the year 1953-54. As of June 30, 1954, a total of $16,682,446 had been expended in the construction of these forty projects and the*Authority held funds in the amount of $5,715,025 for the completion of unfinished projects and for the construction of additional projects. Of the total amount expended for con struction, $6,076,881 was expended during the year 1953-54. As will be noted above, the University System paid $1,618,559 to the Building Authority during 1953-54 as rentals for the use of these facilities.
Unexpended Plant Fund Balances amounted to $2,792,949.
Unexpended Plant Funds had assets at June 30, 1954 totaling $3,353,504. This amount was composed of cash $2,119,798 and temporary investments of $1,233,706. Of these assets $237,853 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; $322,702 was reserved for the Insurance and Hazard Reserve Fund; and $2,792,949 represented unexpended fund balances.

13

A total of $76,086,048 was invested in Plant as of June 30. 1954.

The University System had an investment in plysical plant assets at June 30, 1954, in the amount of $76,086,048. This represents an increase of $8,911,550 over the investment at the beginning of the year. The major items included in this increase are the buildings and improvements constructed and under construction by the University System Building Authority for which $6,076,881 Was expended during the year and the continued construction of the Rock Eagle Project by the University of Georgia for which $731,891 was expended. Many smaller projects were under construction during the year and go to make up this increase together with equipment purchased from furrent funds and included as current expenditures. The investment in plant as compared with that at June 30, 1954 is summarized as follows:

Land Buildings Improvement Other Than Buildings Equipment
Total

June 30. 1953 $ 3,355,624 43,363,201 4,411,795 16.043.878

June 30. 1954 $ 3,357,892 49,782,148 5,213,564 17.732.444

$67,174,498 $76,086,048

It should be noted that the above amounts represent the cost of plant assets or the appriaised value on date of acquisition in the case of gift of plant assets. During the year 1953-54, an appraisal was made of the buildings of the University System. This appriaisal revealed a sound value of buildings amounting to $73,316,700 as compared with the book value at June 30, 1954 of $49,782,148. The replacement value of all buildings would be well in excess of this amount inasmuch as accrued depreciation was taken into consider ation in arriving at the sound value.

During 1953-54, $98,000 of Series "A" Georgia Institute of Technology Revenue Bonds were retired, leaving a balance of $2,405,000 outstanding at the end of the year; $204,000 at 25$; $1,709,000 at 25$, and $492,000 at 2% with maturity dates to May 1, 1978.

In addition to the bonded indebtedness referred to above, a total of $1,384,366 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 income 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

$ 963,067 219,226 33,405 136,442 9,531 22.695

$1.384.366

14

It will be noted 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 the 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 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, 1954, amounted to $14,245,562 as against assets in cluded of $16,682,446.
With a total investment in plant of $76,086,048; against which bonds were outstanding in the amount of $2,405,000; $1,384,366 was due to Endow ment and Student Loan Funds; and an equity of $14,245,562 was held by the University System Building Authority; the University System had a net invest ment in plant of $58,051,120. 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 Uni versity System at June 30, 1954. 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.
15

UNIVERSITY SYSTEM OF GEORGIA

CONSOLIDATED BALANCE SHEET June 30, 1954

I. CURRENT FUNDS A. GENERAL Cash Accounts Receivable Due from Other Funds
TOTAL GENERAL FUNDS
B. RESTRICTED Cash Accounts Receivable
TOTAL RESTRICTED FUNDS
C. AUXILIARY Cash Investments (Temporary) Accounts Receivable Stores (Inventories)

ASSETS

$1,691,984.96 281,101.70 13.636.86
$1,986,723.52

$ 691,615.39 51.066.26

742,681.65

858.048.76 250,545.59
39,479.24 273.771.77

TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Cash Investments (Temporary) Accounts Receivable
TOTAL AGENCY FUNDS
III. ENDOWMENT FUNDS Cash Investments U.S. Government Bonds State and Municipal Bonds University System Bldg. Authority Bonds Ga. State Hospital Authority Bonds Ga. Institute of Technology Revenue Bonds Preferred and Common Stock Real Estate Real Estate Mortgages University System Buildings Other Investments

1.421.845.36 $4,151,250.53

$ 768,436.29 100,314.50 9.44.56
$ 878,165.35

$ 52,498.70

$1,105,771.50

141.000. 00

1,129,789.92

138,625.00

151.000.

00

66,767.90

121,674.41

28,532.94

1,140,846.28

24.450.06 4.048.458.01

TOTAL ENDOWMENT FUNDS

$4,100,956.71

16

UNIVERSITY SYSTEM OF GEORGIA

CONSOLIDATED BALANCE SHEET June 30, 1954

LIABILITIES. SURPLUS AND FUND BALANCES

I. CURRENT FUNDS A. GENERAL Accounts Payable Purchase Orders Outstanding Unearned Income (Summer Session Fees) Other Reserves Unappropriated Surplus
TOTAL GENERAL FUNDS

$ 33,802.54 143,214.12 225,602.30 98,121.70
1.485.982.86
$1,986,723.52

B. RESTRICTED Fund Balances
TOTAL RESTRICTED FUNDS

$ 742.681.65

742,681.65

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

$ 69,492.82 13,300.00 27,274.79 58,317.42
273,771.77 979.688.56

1.421.845.36 $4,151,250.53

II. AGENCY FUNDS Fund Balances
TOTAL AGENCY FUNDS

$ 878.165.35

878,165.35

III.

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

TOTAL ENDOWMENT FUNDS

$

336.86

29,022.80

4.071.597.05

4,100,956.71

IV. STUDENT LOAN FUNDS Fund Balances
TOTAL STUDENT LOAN FUNDS

$1.197.232.48

1,197,232.48

17

UNIVERSITY SYSTEM OF GEORGIA

ASSETS (CONTINUED)

CONSOLIDATED BALANCE SHEET June 30, 1954

IV. STUDENT LOAN FUNDS Cash Student Notes Receivable Investments U.S. Government Bonds Municipal Bonds University System Bldg. Authority Bonds Ga. State Hospital Authority Bonds Other Bonds Real Estate Real Estate Mortgages University System Buildings Other Investments
TOTAL STUDENT LOAN FUNDS
PLANT FUNDS A. UNEXPENDED
Cash Investments (Temporary)

$
$ 275,811.00 4,000.00
51,300.00 41,375.00
6,750.00 12,115.94 95,360.34 243,519.24
436.00
$ 2,119,798.10 1.233.706.05

222,858.89 243,706.07
730.667.52 $ 1,197,232.48

TOTAL UNEXPENDED PLANT FUNDS
B. INVESTED IN PLANT Land Buildings (See footnote below) Improvements Other Than Buildings Equipment
TOTAL INVESTED IN PLANT
TOTAL PLANT FUNDS
TOTAL ASSETS

3,353,504.15
$ 3,357,891.85 49,782,148.43 5,213,564.47 17.732.443.65
76.086.048.40
79.439.552.55
$8.9.767.157.62

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $73,316,700.

18

UNIVERSITY SYSTEM OF GEORGIA

CONSOLIDATED BALANCE SHEET June 30, 1954

LIABILITIES. SURPLUS AND FUND BALANCES (CONTINUED)

V. PLANT FUNDS A. UNEXPENDED Reserve for Sinking Fund Reserve for Insurance and Hazard Reserve Fund Fund Balance
TOTAL UNEXPENDED PLANT FUNDS

$ 237,852.50
322,702.42 2.792.949.23
$ 3,353,504.15

B. INVESTED IN PLANT Loans Payable to Endowment Funds Loans Payable to Student Loan Funds Bonds Payable Equity of University System Building Authority Investment in Plant
TOTAL FUNDS INVESTED IN PLANT
TOTAL PLANT FUNDS
TOTAL LIABILITIES, SURPLUS AND FUND BALANCES

$ 1,140,846.28 243,519.24
2,405,000.00
14,245,561.90 58.051.120.98
76.086.048.40
$79.439.552.55
$8<9.767.157.62

19

UNIVERSITY SYS STATEMENT OF EDUCATIO
Year Ended Jun

Institution

STUDENT FEES

Non-Resident Matriculation Tuition

Summer School

Other

Gifts, Grants and
Endowment

Senior Units (White)

University of Georgia Atlanta Division

$ 669,856.30 $205,083.91 $117,083,97 $ 65,327.49 $ 532,113.96

482,145.56 67,535.91 107,492,07

3,469.00

2,000.00

General Extension

261,887.23

105,300.00

Agric. Exp. Station

151,632.41

Agric. Ext. Service

52,974.81

Ga. Institute of Technology 687,329.07 555,866.63 133,894.99 73,262.11

132,802.08

Engineering Exp. Sta.

6,901.05

Engineering Ext. Div.

318,554.63 71,989.87

11,627.20

Medical College of Georgia

121,853.48

487.00

168,665.29

North Georgia College

70,723.30

5,147.30 11,190.50 7,332.24

800.00

Ga. State College for Women

66,615.75

1,780.70 34,817.00 11,718.70

975.70

Ga. Teachers College

72,671.85

2,788.88 32,886.57 11,780.26

Valdosta State College

41,100.01

3,993.88

8,899.50 6,932.70

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

27,680.80 25,160.26 25,034.25 31,268.50 24,454.36

296.70 1,218.71
916.79 3,896.98
998.49

886.00 3,908.75
2,852.99

3,582.60 3,878.28 4,083.89 5,010.94 2,094.80

21,225.00

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

43,696.25 68,339.82 79,485.07

1,554.87 5,089.63 15,794.98

15,286.15 23,648.55 24,048.48

6,282.06 9,348.07 10,137.37

6,045.06

General and Other Central Office Soil Conservation Committee

GRAND TOTAL

$3,117,856.49 $943,974.23 $516,895.52 $236,354.71 $1,181,435.36

20

TEM OF GEORGIA NAL AND GENERAL INCOME e 30, 1954

Governmental Other Than State Allotment

Sales and
Services

Other

Total Internal
Income

State Allotment

Adjustments

Total

In State

Income

Allotment^) Received

$ 226,041.10
438,415.47 1,266,134.77
21,251.93 5,000.00
86,631.73 43,374.20

$ 91,530.15
18,767.24 699,781.69
11,303.24 109,455.25 1,414,833.70
15,727.24

$ 14,398.38 29,656.05
16,374.58
13,635.10
6,014.24 353.88
7,623.72 4,120.75
500.00

$ 1,921,455.26 692,298.59 385,954.47
1,306,204.15 1,3 30,412.82 1,706,245.23 1,421,734.75
423,423.63 317,747.25
95,547.22 210,163.30 167,622.51
61,426.09

$2,080,320.00 (-)$88,139.37

489,600.00

44,723.87

57,600.00

64,000.00

908,733.00

738,267.00

1,485,880.00

89,000.00

84,000.00

589,500.00

11,135.88

278,400.00 (,->17,355.74

441,600.00 (->19,733.24

289,536.00

191,276.00 (->4,670.09

$3,913,635.89 1,226,622.46 507,554.47 2,214,937.15 2,068,679.82 3,192,125.23 1,510,734.75 507,423.63 918,383.13 356,591.48 63?,030.06 457,158.51 248,031.00

1,057.21

29,689.65

500.00 2,781.83 1,987.72
540.00 1,958.90

32,946.10 59,230.04 32,022.65 40,716.42 62,049.19

86,400.00 121,920.00
86,400.00 100,800.00 117,120.00

529.65 11,814.80
5,949.85 (->68.05

119,875.75 192,964.84 124,372.50 141,448.37 179,169.19

16,920.00 43,992.47 16,774.28

24,428.43 814.78

3,913.68 3,625.77 6,078.42

87,653.01 184,517.80 153,133.38

257.280.00 339,840.00 445,440.00

5,823.34 6,369.46

350,756.35 524,357.80 604,942.84

8.00

8.00

120,000.00 23,500.00

$2,165,593.16 $2,416,331.37 $114,071.02 $10,692,511.86 $9,422,411.00

4v152.19

120,008.00 27,652.19

$24,532.55 $20,J39,455.41

(*) Tljis column represents amounts payable on State allotment at July 1, 1953, less amounts payable at June 30, 1954.

21

Institution
Senior Units (White) University of Georgia (Athens) Atlanta Division General Extension Agrie. Exp. Stations Agrie. Ext. Service Ga. Institute of Technology Engineering Exp. Station Engineering Ext. Division Medical College of Georgia North Georgia College Ga. State College for Women Ga. Teachers College Valdosta State College
Junior Units (White) Ga. Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agric. College
Senior Units (Negro) Albany State College Ft. Valley State College Savannah State College
General and Other Central Office Soil Conservation Committee
GRAND TOTAL

UNIVERSITY SYSTEM OF GEORG STATEMENT OF EDUCATIONAL AND GENERAL
For Year Ended June 30, 1

Admin. & General

Student Welfare

Plant Operations

Library

$ 234,814.72 $119,436.90 $ 474,890.42 $244,017.59

137,382.51 18,882.32 118,876.63 84,668.67

24,021.44

1,447.44

108,079.04

72,731.82 13,249.82

331,745.14 104,706.98 501,399.04 149,988.40

77,041.78 47,236.54 84,685.47 55,224.62 45,111.75

22,466.05 25,710.46 16,936.67
8,751.71

55,854.36 69,897.09 104,196.56 59,130.22 58,320.16

10.935.35 18.869.35 31,798.66 26,839.08 12,900.35

29,977.35 28,119.56 31,521.19 33,075.47 30,472.34

3,472.69 1,869.96 3,100.22 8,543.40 4,389.88

21,699.95 33,807.63 25,876.75 19,651.21 28,823.85

4,932.20 6,429.31 5,514.71 5,058.79 7,566.12

60,892.43 78,242.87 92,151.47

10,348.64 14,800.90 22,197.37

48,475.03 76,961.03 116,605.83

14,505.03 39,247.93 25,841.32

103,856.68

$1,633,652.37 $385,614.15 $1,,888,645.02 $702,362.68

IA EXPENDITURES 954

Instruction

Activities Related To Instruction Research

Extension

Total Expenditures

$2,145,573.18 $

$ 389,122.25 $ 233,651.66 $ 3,841,506.72

739,476.30

10,785.76

15,065.00 1,125,137.19

150,562.82 42,897.49

112,358.92

331,288.11

292,756.77 1,731,239.80

2,218,057.25

2,074,236.50 2,074,236.50

1,872,897.08

46,825.02

3,007,561.66

1,753,533.25

1,753,533.25

452,952.64

452,952.64

376,699.42 250,512.71 145,696.90

916,740.52

187,591.02

346,060.05

376,491.52

1,558.42

17,629.21

642,070.30

306,221.05

464,351.64

130,482.35

255,566.32

61,415.86 91,910.85 56,808.06 76,203.11 70,411.24

33,671.02

1,814.85 9,820.51

121,498.05
163,952.16 122,820.93 142,531.98 185,154.%

194,172.54 288,657.88 341,860.12

22,897.34

13,292.26

6,152.65 3,658.29

328,393.67 540,252.86 602,314.40

28,492.91

103,856.68 28,492.91

$7,467,434.40 $642,735.33 $4,092,053.66 $2,955,833.14 $19,768,330.75

23

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF CURRENT AUXILIARY INCOME For Year Ended June 30, 1954

Dormitories Dining Halls

Bookstore Apartments

Other

Total

Senior Units (White) University of Georgia Atlanta Division Georgia Institute of Technology Medical College of Georgia North Georgia College Georgia State College for Women Georgia Teachers College
to Valdosta State College u
Junior Units (White) Georgia Southwestern College West Georgia College Middle Georgia College South Georgia College Abraham Baldwin Agricultural College

$ 352,489.31 $ 375,807.46 $ 369,581.35 $

$ 49,427.46 $1,147,305.58

172,999.67

43,159.53

216,159.20

336,528.18

785,817.85

553,295.31 301,545.91 86,574.32 2,063,761.57

38,651.56

38,651.56

48,978.81

158,299.98

85,520.59 16,504.71

327.50

309,631.59

61,579.45

184,500.54

23,137.97 14,632.00 31,034.44

314,884.40

41,228.60

139,489.56

42,071.59

2,455.75 13,316.62

238,562.12

14,636.50

55,377.77

11,451.39

3,903.50

85,369.16

21,866.24 19,809.67 16,715.07 21,224.51 20,251.97

66,434.57 61,049.68 56,633.23 68,754.40 74,770.43

19,960.05 12,169.37 17,406.57 16,798.86 11,606.62

1,599.92
5,924.11 8,093.00 3,564.34

11,320.12
2,213.29 1,480.00

109,860.78 104,348.84
96,678.98 117,084.06 111,673.36

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

20,772.71 40,815.46 23,963.09

70,020.68 141,423.54
95,236.90

18,449.06 18,337.71 43,156.73

3,856.90

1,289.96 11,593.57
9,672.31

110,532.41 216,027.18 172,029.03

$1,040,859.57 $2,333,616.59 $1,454,594.40 $358,176.64 $265,312.62 $5,452,559.82

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF CURRENT AUXILIARY EXPENDITURES For Year Ended June 30, 1954

Senior Units (White)

University of Georgia

Atlanta Division

Ga. Institute of Technology

Medical College of Georgia

North Georgia College

Ga. State College for Women

M

Georgia Teachers College

Valdosta State College

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

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

GRAND TOTALS

Dormitories Dining Halls Bookstore

Apartments Other

Total

$261,926.38 $ 350,826.62 $ 353,352.75 $ 141,668.36

$ 64,312.66 $1,030,420.41

7,767.78

149,436.14

219,119.62

769,086.14

476,163.41 175,472.65 147,419.96 1,787,261.78

25,625.55

25,625.55

36,520.37

158,306.97

81,547.79 15,155.93

191.47

291,722.53

63,678.10

187,038.90

24,123.55

9,632.82 29,520.75

313,994.12

55,111.31

119,903.83

43,677.18

2,060.70 11,805.18

232,558.20

27,424.03

51,698.86

10,830.26

2,026.78

91,979.93

20,594.77 16,855.73 28,297.77 21,714.68 21,132.38

52,167.46 56,337.77 47,277.55 65,749.30 74,306.66

20,035.59 11,299.54 19,230.94 15,838.66 12,111.13

2,372.16
5,919.81 8,234.52 3,250.35

6,770.70 6,994.30
1,205.53

101,940.68 91,487.34
100,726.07 112,742.69 110,800.52

24,842.59 49,709.78 18,644.42

70,140.65 137,583.58
95,121.54

21,427.92 15,885.50 39,126.80

2,770.83

1,095.15 7,588.48 8,462.54

117,506.31 213,538.17 161,355.30

$865,571.93 $2,235,547.83 $1,311,944.93 $224,869.77 $295,161.28 $4,933,095.74

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF SURPLUS June 30, 1954

Educational and General

Surplus, July 1, 1953

Additions:

Excess Income Over Expenditures

Current Income Realized

Deduct: Decrease in Accounts

Rece ivable

$269,904.15

Increase in Unearned

Income

18.426.69

Current Income Earned

Deduct: Current Expenditures

Cash Expenditures

Deduct: Decrease in Accounts

Payable

Current Expenditures

Transfer from Other Funds

Increase in Regents Allotment Account

Surplus, July 1, 1953, Plus Additions

Deductions:

Transfer to Plant Funds

Increase in Surplus Reserves

Transfer to Other Funds

Surplus Adjustments

Educational & General Surplus, June 30, 1954

$20,139,455.41
288.330.84 $19,768,330.75
240.539.65

$19,851,124.57
19.527.791.10
$ 523,856.51 215,674.73
,3 000.00
9.065.16

$1,859,909.81
323,333,47 45,769.91 8.566.07
$2,237,579.26
751,596.40 $1.485.982.86

Auxiliary Enterprises

Surplus, July 1, 1953

Additions:

Excess Income Over Expenditures

Current Income Realized

Deduct: Decrease in Accounts Receivable

$ 35,783.01

Decrease in Unearned Income

7.144.85

Current Income Earned

Deduct: Current Expenditures

Cash Expenditures

Add: Increase in Accounts

Payable

$ 13,061.10

Decrease in Inventories 92.943.58

Current Expenditures

Decrease in Surplus Reserves

Transfer from Other Funds

Surplus Adjustments

Surplus July 1, 1953, Plus Additions

$ 5,452,559.82
42.927.86 $ 4,933,095.74
106.004.68

$ 5,409,631.96 5.039.100.42

$1,243,815.25
370,531.54 92,943.58 11,381.68
________60.50 $1.718.732.55

Deductions: Transfer to Plant Funds Transfer to Other Funds
Auxiliary Enterprise Surplus June 30, 1954

$ 698,905.92 40.138.07

739.043.99

$ 979.688.56

26

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF INCOME FOR STUDENT AID For Year Ended June 30, 1954

Senior Units (White) University of Georgia Georgia Institute of Technology Georgia State College for Women
Senior Units (Negro) Fort Valley State College
Other Activities Graduate Scholarships for Negroes Southern Regional Education Board
TOTAL INCOME

Gifts & Endowment Grants

State Allotment

Total

$21,109.84 $ 34,699.39 $

11,450.70 163,245.08

8,689.68

1,500.00

$ 55,809.23 174,695.78 10,189.68

3,300.00

3,300.00

175,000.00 175,000.00 38.500.00 38.500.00
$41,250.22 $202,744.47 $213,500.00 $457,494.69

STATEMENT OF EXPENDITURES FOR STUDENT AID For Year Ended June 30, 1954

Senior Units (White) University of Georgia Georgia Institute of Technology Georgia State College for Women
Senior Units (Negro) Fort Valley State College
Other Activities Graduate Scholarships for Negroes Southern Regional Education Board
TOTAL EXPENDITURES

Fellowships Scholarships Other

Total

$

$ 48,791.32 $ 1,179.21 $ 49,970.53

28,080.36 127,732.59

6,269.56 162,082.51

7,854.96

7,854 <96

800.00

800.00

176,120.77

176,120.77 38.500.00 38.500.00

$28,080.36 $361,299.64 $ 45.948.77 $435,328.77

27

Senior Units (White) University of Georgia Atlanta Division Agricultural Experiment Stations Agricultural Extension Service Georgia Institute 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 Building Authority Rentals Campus Development Plans Architectural Fees Insurance & Hazard Reserve Fund
GRAND TOTALS

UNIVERSITY SYST STATEMENT OF UNEXPENDED
For Year Ended

Land

PTANT Ann ITTOMS_________________

Buildings &

Improvement Other

Additions to Bldgs. Than Buildinas

$ 6,579.81 11,903.70 30,347.87
32,615.90

$ 204,570.33 1,575.45
71,037.70 731,890.63 190,186.21
112,971 ..39 107,511.29 153,049.13 57,822.13

9,443.15 45,910.63 11,199.73 24,390.74 20,521.25

1,639.96

59,183.46 44,214.22 90,182.10

$ 57,875.81 44,527.17 76,029.67 12,081.50 9,400.00 2,547.61
118.40 5,394.98 11,827.45 ' 20,570.87
1,507.16 66,860.32 43,178.13

$83.087.24

$1.935.659.54

$351.919.07

28

EM OF GEORGIA PLANT FUND EXPENDITURES June 30, 1954

Eauipnent

Building

Indebtedness Interest on Other

Authority

Retired

Indebtedness Expenditures Rentals

Total

$ 12,721.44 $ 57,573.69 $28,999.79

4,538.30

136,931.48 3,308.03 3,165.76 3,569.80 19,308.82

121,780.99
958.83 3,897.05

63,553.46
1,030.92 3,508.48

$190,866.51 $
2,991.77
22,982.96 307.55
2,508.00

$ 559,187.38 13,479.15
153,442.81 731,890.63 644,080.67
3,615.58 132,716.40 127,886.62 174,905.56
57,822.13

11,896.43 1,233.92

5,041.62 1,593.91 2,033.98
304.00

9,561.55 56,347.23 12,793.64 50,148.60 42,630.04

9,425.57 23,761.60

752.70 1,259.46

437.06 757.54

70,116.19 136,025.90 137,017.19

$229,861.15 $186,222.72 $98,287.25

760.89 5,272.%
76.38

1,618,558.93

1,618,558.93 760.89
5,272.% 76.38

$234,740.53 $1,618,558.93 $4,738,336.43

29

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF UNEXPENDED PLANT FUND INCOME For Year Ended June 30, 1954

Senior Units (White) University of Georgia Atlanta Division Agric. Experiment Stations Agric. Extension Service Ga. Institute of Technology Ga. State College for Women Georgia Teachers College Valdosta State College
Junior Units (White) Ga. Southwestern College Middle Georgia College South Georgia College Abraham Baldwin Agric. College
Senior Units (Negro) Albany State College Fort Valley State College Savannah State College
General and Other Building Authority Rentals
GRAND TOTALS

State Allotment

Gifts & Grants

Governmental

Other Than

Sale of

State Allotment Plant Assets Other

Total

$ 630,000.00 $ 10,000.00 $

200,000.00 1,055,913.96
10,000.00 20,000.00
2,600.00 25,940.00

16,890.00 86,661.45 12,413.62

83,174.65

8.150.00 15,300.00
8.700.00

17,211.60

20.500.00 4,500.00
34.794.00

4,200.00

1.618.558.93 $3,654,956.89 $125,965.07 $104,586.25

$

$16,344.33 $ 656,344.33

16,751.00 3,177.00 500.00

7,475.50 1,275.00 4,630.78

241,116.50 1,143,850.41
113,396.05 20,000.00 3,100.00 25,940.00

470.00

900.00

8.150.00 15,300.00
470.00 26,811.60

400.00 16.Q25.00

36,130.48

25,100.00 40,630.48 50,819.00

1.618.558.93 $37,323.00 $66,756.09 $3,989,587.30

%

R E G E N T S A L L O T M E N T A C C O N T AND
GENERAL ACTIV IT IE S FINANCIAL REPORT FOR THE YEAR ENDING JUNE 30, 1954
31

REGENTS ALLOTMENT ACCOUNT AND GENERAL ACTIVITIES BALANCE SHEET June 30t 1954

ASSETS

I. CURRENT FUNDS A. General Operating Fund Cash Due from Allotment Account TOTAL GENERAL OPERATING FUND

$ 22,209.91 9.377.88 $ 31,587.79

B. Regents Allotment Account Cash

729.999.16

TOTAL CURRENT FUNDS

$ 761,586.95

II. PLANT FUNDS Cash

460.574.29

TOTAL ASSETS

$1.222.161.24

LIABILITIES
I. CURRENT FUNDS A. General Operating Fund Unappropriated Surplus Central Office Soil Conservation Graduate Scholarships TOTAL GENERAL OPERATING FUND
B. Regents Allotment Account Allotment Payable Unappropriated Surplus TOTAL REGENTS ALLOTMENT ACCOUNT
TOTAL CURRENT FUNDS
II. PLANT FUNDS Reserve for Insurance and Hazard Fund Fund Balance TOTAL PLANT FUNDS
TOTAL LIABILITIES

$ 18,774.10 12,327.14 486.55

$ 31,587.79

$384,878.23 345.120.93

729.999.16

$ 761,586.95

$322,702.42 137.871.87

460.574.29

$1.222.161.24

32

REGENTS ALLOTMENT ACCOUNT STATEMENT OF ALLOCATIONS BY BOARD OF REGENTS
For Year Ended June 30, 1954

Educational and General Operations

Plant Addi tions and Improvements

Other

Totals

Senior Units (White) University of Georgia Atlanta Division Agrie. JGxtension Service Agrie. 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

$2,080,320.00 $ 630,000.00 $ 8,000.00 $ 2,718,320.00

489,600.00

489,600.00

738,267.00 1,055,913.%

1,794,180.%

908,733.00

200,000.00

1,108.733-00

57,600.00

57,600.00

1,485,880.00

10,000.00

1,495,880.00

89.000. 00

89.000. 00

84.000. 00

84.000. 00

589.500.00

589.500.00

278.400.00

278.400.00

441,600.00

20,000.00

461,600.00

289,536.00

2,600.00

292,136.00

191,275.00

25,940.00

217,215.00

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

86,400.00 121,920.00 86,400.00 100,800.00 117,120.00

8,150.00 15,300.00 8,700.00

94,550.00 121,920.00 101.700.00 100.800.00 125,820.00

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

257,280.00 339,840.00 445,440.00

20,500.00 4,500.00
34,794.00

277,780.00 344,340.00 380,234.00

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 23,500.00

1.618.558.93

175,000.00 38,500.00

120,000.00 175,000.00 48.500.00
23.500.00 1.618.558.93

Total Allocations

$9,422,411.00

Add: Allocations for previous

year unpaid at June 30, 1953l 409.410.78

Total Allocations Payable

$9,831,821.78

Deduct: Allocations Unpaid

at June 30, 1954

384.878.23

Total Payments on Allocations

$9.446.943.55

$3,654,956.89 $3,654,956.89 $3.654.956.89

$221,500.00 $221,500.00 $221.500.00

$13,298,867.89
409.410.78 $13,708,278.67
384.878.23 $13.323.400.44

33

REGENTS ALLOTMENT ACCOUNT STATEMENT OF RECEIPTS AND DISBURSEMENTS
For Year Ended June 30, 1954

Receipts

State Appropriation, General Appropriation Act of 1953

Section 9 - For the cost of operating the State

Board of Regents; for aid to the

University System; for experimental

purposes; for the cost of use and/or

acquiring additions to plant and equip

ment for the University System

$12,200,000.00

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

8,000.00

For cost of operating the State Soil Conservation Committee

25,000.00 $12,233,000.00

Less: Budget Balanceing Reduction of 6% per Executive Order of the Governor
Total State Appropriation Provided by Appropriation Act

733,980.00 $11,499,020.00

State Appropriation - Special Budget Balancing Adjustments

For development of Rock Eagel Project

$ 55,913.96

For increased aid for indigent patients at Medical College of Georgia

37,500.00

For development of Poultry Program at University of Georgia

115,000.00

For matching Kellogg Grant for Continuing

Education Center at University of Georgia

1,600.000.00

Total Special Appropriations

$ 1.808.413.96

Total State Appropriation Transfer of Dormitory Rentals from Institution

$13,307,433.96 30.807.76

Total Receipts

$13,338,241.72

Disbursements Payment on allotments for Educational & General Operations Payment on allotment for Plant Additions & Improvement Payment on allotments for Other Purposes
Total Disbursements
Excess of Receipts over Disbursements Cash Balance, July 1, 1953
Cash Balance, June 30, 1954

$ 9,446,943.55 3,654,956.89
221.500.00

13.323.400.44

$ 14,841.28 715.157.88

S 729.999*. 16

34

GENERAL ACTIVITIES STATEMENT OF INCOME For Year Ended June 30, 1954

I. CURRENT INCOME A. Educational and General Governmental - State of Georgia Regents Central Office State Soil Conservation Committee Add: Amount Payable from Previous Year Deduct: Amount Payable at End of Year TOTAL GOVERNMENTAL

$23,500.00 13.530.07

$
$ 37,030.07 9.377.88 $

120,0 0 0 .0 0
27.652.19 147,652.19

Miscellaneous

8.00

TOTAL EDUCATIONAL AND GENERAL INCOME

$ 147.660.19

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

$ 175,000.00 38.500.00
$ 213.500.00

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

$ 361.160.19 $ 1.618.558.93

Transfers From: Institutions for Insurance Fund USBA as reimbursement for architect fees

$322,778.80 104.208.28

426.987.08

TOTAL PLANT FUND RECEIPTS

$ 2.045.546.01

TOTAL INCOME

$ 1,979.719.12

35

GENERAL ACTIVITIES STATEMENT OF EXPENDITURES For Year Ended June 30, 1954

Total

Obiect Classification

Personal Services

Operating Supplies

and Expenses

Equipment

I. CURRENT EXPENDITURES A. Educational and General Administrative and General Regents Control Office Extension Soil Conservation Committee
TOTAL EDUCATIONAL AND GENERAL

$ 103,856.68 $75,544.41 28.492.91 21.087.46
$ 132.349.59 S96.631.87

B. Other Purposes

Graduate Scholarships for Negr< s$ 176,120.77

Southern Regional Ed. Board

38.500.00

TOTAL FOR OTHER PURPOSES

$ 214.620.77

TOTAL CURRENT EXPENDITURES

$ 346.970.36 S96.631.87

$ 28,155.85 7.405.45
S 35.561.30
$176,120.77 38.500.00
S214.620.77 S250.182.07

$156.42 10.00
$166.42
$166.42

II. PLANT FUNDS Campus Development Plans Architectual Fees Univ. System Bldg. Auth. Rentals Insurance & Hazard Reserve Fund
TOTAL PLANT EXPENDITURES
TOTAL EXPENDITURES

$

760.89

5,272.96

1,618,558.93

76.38

Si.624.669.16

Si.971.639.52

36

GENERAL ACTIVITIES STATEMENT OF CHANGES IN CASH BALANCES
For Year Ended June 30, 1954

Regents Allotment Account Regents Central Office State Soil Conservation Committee Graduate Scholarships for Negroes Southern Regional Education Board Campus Development Plans Building Authority Rentals Architectural Fees Insurance & Hazard Reserve Fund
TOTALS

Cash Balance July 1. 1953

Receipts

Cash Balance Disbursements June 30. 1954

$715,157.88 $13,338,241.72 $13,323,400.44 $ 729,999.16

2,622.78

120,008.00

103,856.68

18,774.10

3,789.98

27,652.19

28,492.91

2,949.26

1,607.32

175,000.00

176,120.77

486.55

38,500.00

38,500.00

779.23

760.89

18.34

1,618,558.93 1,618,558.93

$8,918.21

104,208.28

5,272.%

137,853.53

322.778.80

76.38

322.702.42

$762,875.40 $15,744,947.92 $15,295,039.96 $1,212,783.36

BANK BALANCES
Fulton National Bank, Atlanta, Georgia Citizens & Southern National Bank, Atlanta, Georgia Trust Company of Georgia, Atlanta, Georgia

$1,055,650.84 156,645.97
_______486.55
$1.212.783.36


37

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, 1954
The University of Georgia Athens, Georgia
39

UNIVERSITY OF GEORGIA
The University of Georgia Athens, Georgia

Office Of The Comptroller

President 0. C. Aderhold The University of Georgia Athens, Georgia

Dear President Aderhold:

I am submitting herewith my annual report as Comptroller and

Treasurer of The University of Georgia, for the fiscal year ending

June 30, 1954, 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 I n c o m e ...................................... 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-4

Summary of Expenditures .............. ......... ........ Schedule C

Statement of Educational and General Expenditures ....... Schedule G-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

40

UNIVERSITY OF GEORGIA

President 0. C. Aderhold

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

Detail ofEndowment Funds - Government Funds .......... Schedule E-2-1

Detail ofEndowment Funds - Common Stock ............

ScheduleE-2-2

Detail ofLoan Funds - Governmental Bonds ............. Schedule E-2-3

Detail ofLoan Funds - Common S t o c k .................

ScheduleE-2-4

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 ....I.................. Schedule H-2

Statement of Investment in Plant ..................... Schedule H-3

PART III Agricultural Extension Division

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 Sheet .......................................

Schedule 0

Statement of Current Income ............ .............

Schedule P

41

UNIVERSITY OF GEORGIA

President 0. C. Aderhold

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

Schedule Q

Statement of Changes in Cash Balances ........

Schedule R

Statement of Agency Funds ......

Schedule S

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

Schedule T

Summary of Investment in Plant ............... .......

Schedule U

Statement of Investment in Plant ........ ............ Schedule U-l

PART V Experiment Station - General

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

Schedule V

Statement of Current I n c o m e .....................

Schedule W

Statement of Current Expenditures ......

Schedule X

Statement of Changes in Cash Balances ..............

Schedule Y

Statement of Operations of Restricted Funds ..........

Schedule Z

PART VI Branch Experiment Station

Balance Sheet

..............................

Schedule AA

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

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

Schedule CC

Statement of Changes in Cash Balances ...............

Schedule DD

Statement of Operations of Restricted Funds ...... .

Schedule DD-1

Statement of Unexpended Plant Funds ................. . Schedule EE

Statement of Operations of Unexpended Plant Funds .... Schedule 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

42

UNIVERSITY OF GEORGIA

President 0. C. Aderhold

Statement of Operations of RestrictedFunds ..........

Schedule II

Statement of Changes in Cash Balance.......

Schedule JJ

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

Schedule KK

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

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

PART VIII Georgia Experiment Station

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

Schedule LL

Statement of Current'1In c o m e .......................... Schedule MM

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

Schedule NN

Statement of Operations of RestrictedFunds ..........

Schedule 00

Statement of Agency Funds .............

Schedule PP

Statement of Changes in Cash Balances ..............

Schedule QQ

Statement of Unexpended Plant Funds .................. Schedule RR

Summary of Investinent 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 VV

Statement of Changes in Cash Balance .............. Statement of Unexpended Plant Funds .................

Schedule WW Schedule XX

Statement of Investment in Plant .................... Schedule XX-1

Respectfully submitted,

/s/J. D. Bolton J. D. Bolton Comptroller and Treasurer

Dated at Athens, Georgia October 7, 1954
43

UNIVERSITY OF GEORGIA 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 therefore, the report is arranged in nine parts, as follows:
Part I Consolidated - All Units Part 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
44

UNIVERSITY OF GEORGIA

CONSOLIDATED

INCOME

The following summary gives the source of income and the

percentage of each item to the total for Educational and General purposes

only.

Source

1952-53

1953-54

Amount

Precent Amount

Percent

Student Fees State Allotment Fed. Appropriations Other Public Approp. Endowment Gifts and Grants Sales and Services Other

$1,967,433.24 4,289,963.22 1,755,218.39 118,498.50 18,134.37 420,669.19 756,795.95 67.562.92

20.94 45.67 18.68
1.26 .19
4.48 8.06
.72

$1,979,901.44 4,295,104.50 1,806,817.63 123,773.71 31,758.99 812,262.19 821,382.32 60.429.01

19.94 43.25 18.19
1.25 .32
8.18 8.27
.60

TOTALS

$9,394,275.78 100.00 $9,931,429.79 100.00

EXPENSES

The following is a statement of Educational and General expenditures

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

Function

1952-53

1953-54

Amount

Precent Amount

Percent

Administration Student Welfare Physical Plant Libraries Instruction - Resident Research Services Related to Instr.
and Research Extension

$ 515,240.04 133,080.72 636,198.33 359,546.42
2,966,636.19 1,854,544.52
350,498.48 2.316.011.31

5.64 1.46 6,97 3,94 32.49 20.31

$ 504,297.71 138,319.22 667,946.31 341,936.08
3,058,046.91 2,131,147.81

5.26 1,44 6.% 3.57 31.89 22.22

3.83 25.36

335,654.26 3.50 2.412.877.47 25.16

TOTALS

$9,131,756.01 100.00 $9,590,225.77 100.00

45

UNIVERSITY OF GEORGIA

INCOME

The following table reflects the comparative Educational and General

Income and percentages of income to the total for a three-year period.

Source

1951-52

1952-53

1953-54

Amount______Percent Amount______Percent Amount______Percent

Student Fees Endowment Federal State State Dept. Health Other States Vocational U.S. Navy Research Clarke County Other Counties Gifts and Grants Sales and Services Rents Other Veterans Guidance
TOTALS

$1,228,433 16,822 87,566
1,828,192 1,808 6,600
70,429 395
63,090 1,275
173,668

34.91 .48
2.49 51.96
.05 ,19 2.00 .01 1.79 .04 4.94

2,517

.07

17,142

.49

20.323

.58

$3,518,260 100.00

$1,055,231 18,134 76,018
2,111,399 5,991 2,675
60,099

28.00 .48
2.02 56.02
.16 .07 1.59

71,036 3,742
257,233 89,997 1,152 14,776 1.435

1.88 .10
6.83 2.39
.03 .39 .04

$3,768,918 100.00

$1,057,372 31,759 78,651
1,9%,694 6,407 3,200
52,423

27.03 .81
2.01 51.02
.16 .08 1.34

79,848 1,000
500,355 91,530 %5 12,090 1.343

2.04 .03
12.78 2.34 .02 .31 .03

$3,913,637 100.00

EXPENSES

The following table presents a comparison of expenditures for Educational

and General purposes for four years.
Function
Administration and General Student Welfare Plant Operations Library Instruction Research Services Related to Instruction Extension
Sub-Total Outlay
TOTALS

1950-51

1951-52

1952-53

1953-54

$ 224,883 100,453 376,984 220,706
1,876,787 236,343 373,627 218.828

$ 224,926 105,034 384,287 237,242
1,877,132 174,674
1%.636

$ 235,479 113,801 424,149 242,994
2,033,181 226,787
209.278

$ 234,178 115,949 471,598 239,942
2,081,487 330,640
222.089

$3,628,611 $3,199,931 $3,485,669 $3,695,883

61.457

73.988

132.140

145.624

$3,690,068 $3,273,919 $3,617,809 $3,841,507

46

UNIVERSITY OF GEORGIA

The following table is a comparison of the preceding expenditures.

expressed in percentages to the total.
Function
Administration & General Student Welfare Plant Operations Library Instruction Research Services Related to Instruction (Net) Extension Outlay
TOTALS

Percent Percent Percent Percent 1950-51 1951-52 1952-53 1953-54

6.09 2.72 10.22 5.97 50.86 6.43 10.12 5.93 1.66

6.87 3.21 11.74 7.25 57.33 5.33
6.01 2.26

6.51 3.15 11.72 6.72 56.20 6.27
5.78 3.65

6.10 3.02 12.27 6.25 54.18 8.61
5.78 3.79

100.00 100.00 100.00 100.00

The following table is a study of Instructional Cost by Schools and Colleges.

These figures include Outlay and all other Instructional Cost, except the Sumner

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 Colleae

1950-51

1951-52

1952-53

1953-54

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

$ 236,697 $ 215,400 $ 229,981 $ 218,831

638,587

646,494

705,259

768,465

123,780

110,601

116,764

124,469

254,103

298,117

317,208

327,376

37,379

35,766

39,552

36,633

42,302

45,309

49,065

79,194

76,010

77,635

83,350

82,621

29,225

29,807

32,566

32,603

59,702

59,222

63,652

55,130

5,359

6,631

7,357

7,072

47,874

43,802

49,228

46,445

160.500

167.930

200.199

194.868

TOTALS

$1.711.518 $1.736.714 $1.894.181 $1.973.707

UNIVERSITY OF GEORGIA

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

1950-51 1951-52 1952-53 1953-54

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

22,045 110,529
31,084 27,166
4,154 5,803 5,720 7,851
5,243 11.508

18,437 91,802 26,316 23,657
3,212 6,356 4,293 5,803
4,501 10.735

17,224 93,283 25,276 22,000
2,906 6,148 4,100 3,834
3,886 12.653

14,900 101,230
25,687 23,963
2,786 5,961 3,7% 3,521 7,351 3,078 13.033

TOTALS

231.103 195.112 191.310 206.306

The following table is a comparison of cost per student quarter hour by

Schools and Colleges for a four-year period.

School or College

1950-51 1951-52 1952-53 1953-54

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

$10.74 5.78 3.98 9.35 9.00
13.10 5.11 7.60
9.13 13.95

$11.68 7.04 4.20
12.60 11.13 12.21 6.94 10.21
9.73 15.64

$13,35 7.56 4.62
14.42 13.61 13.56
7.94 16.60
12.67 15.82

$14.69 7.59 4.85
13.66 13.15 13.86
8.59 15.66
.96 11.39 14.95

TOTAL AVERAGE

$ 7.41 $ 8.90 $ 9.90 $ 9.57

AUXILIARY ENTERPRISES

INCOME AND EXPENSES Details of income from Auxiliary Enterprises in the amount of $1,147,305.58
are shown in Schedule B-3. The details of expenses amounting to $1,030,420.41 are shown in Schedule C-3.
The Balance Sheet, Schedule A, reflects reserve for repairs and replacements of $150,171.45.

48

UNIVERSITY OF GEORGIA

GENERAL EXTENSION AND CORRESPONDENCE

The following summary is a comparison of the Operations of General Extension

and Correspondence for the past four years.

1950--51

1951 -52

1952--53

1953--54

Amount Percent Amount Percent Amount Percent Amount Percent

INCOME
Student Fees Gifts State Allotment
TOTALS

$272,367 86.01 44.300 13.99
$316,667 100.00

$300,053 91.37 28.338 8.63
$328,391 100.00

$290,488 91.59 26.662 8.41
$371,150 100.00

$280,654 105,300 121.600

55.30 20.75 23.95

$507,554 100.00

EXPENSES
Admin, and General Plant Operations Instruction Services Related to
Instr. Extension
TOTALS

$ 25,152 1,053
130,665

9.31 .39
48.40

25,831 9.57 87.286 32.33

$269,987 100.00

$ 30,988 1,362
141,983

10.09 .44
46.24

31,705 10.32 101.060 32.91

$307,098 100.00

$ 30,182 1,220
156,712

9.27 .37
48.14

50,195 15.43 87.213 26.79

$325,522 100.00

$ 24,021 1,447
172,997

7.25 .44
52.22

42,897 12.95 89.924 27.14

$331,286 100.00

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

i

Federal Grants

Gifts and Grants

Other

TOTALS

1951-52

1952-53

1953-54

Amount

Percent Amount

Percent Amount

Percent

$ 650,000 5,280
1,257,034 43,627

33.23 .27
64.27 2.23

$ 750,000 4,510
1,259,591 39,5% 14.702

36.26 .22
60.90 1.91 .71

$ 738,267 5,330
1,260,805 52,975 11.303

35.68 .26
60.95 2,56 .55

$1,955,941 100.00 $2,068,399 100.00 $2,068,680 100.00

A comparison of expense, by objects of expenditure is presented below in amounts f
and percentages.

Subject

1951-52

1952-53

1953-54

Amount

Percent Amount

Percent Amount

Percent

Salaries and Wages

$1,499,016 78.20 $1,587,984 79.31 $1,594,359 76.44

)

Travel

311,088 16.23

310,058 15.48

324,301 15.55

Operating Supplies & Expenses

98,018 5.11

90,579 4.52

138,190 6.62

Equipment

8.758

.46

13.725

.69

28.955 1.39

3

TOTALS

$1,916,880 100.00 $2,002,346 100.00 $2,085,805 100.00

f

49

1

UNIVERSITY OF GEORGIA

AGRICULTURAL EXTENSION SERVICE (CONTINUED) The following is a-jstatement 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 eacfcu-project.-

No. Project

Federal Funds

Offset Funds

Funds Not Used As Offset

Total Expenditures

1. Administration

2. Publications

3. County Agent Work

4. Home Demonstration Work

4a Home Improvement

4b Nutrition

4c Textiles and Clothing

4d Food Preservation

4e Child Development

4f Home Industries

4i Health

4j Home Ec. Leader Training

5

Negro County Agent Work

5a Negro Home Demonstration Work

6

Four-H Club Work

7

Economics & Marketing

7a Research & Marketing

7c Research & Marketing

Georgia Eggs

8a Beef Cattle & Sheep

8b Dairying

8c Poultry

8e Swine

9

Agronomy

10 Horticulture

11 Agricultural Engineering

11a Farm Housing

12 Forestry

14 Soil Conservation

17 Recreation

18 Wildlife Conservation

19 Bee Culture

20 Visual Aid (Restricted)

21 Corn Meal Enrichment

22 Entomology

23 Field Services & Training

T.V.A. & Cow Testing

$ 24,119.40 55,761.10
590,705.02 197,459.01
4,318.12 8,709.05
75.72 4,270.60 4,414.36 4,167.81
30.45 2,499.% 122,478.35 69,751.63 3$,507.34 33,521.78

$ 6,852.55 53,745.49 219,329.78 200,576.30 2,567.07 2,587.95 5,549.49 1,438.59 2,322.67 2,385.16 6,450.89 541.44 14,612.16 7,371.28 32,851.84 15,127.89

$ 1,193.76 12,726.61
466,804.20 241,827.52
39,932.21 29,198.12

$ 32,165.71 122,233.20
1,276,839.00 639,862.83 6,885.19 11,297.00 5,625.21 5,709.19 6,737.03 6,552.97 6,481.34 3,041.40 177,022.72 106,321.03 69,359.18 48,649.67

5,100.00

5,100.00

10,200.00

3,802.08 17,520.94 10,804.05
5,308.84 19,279.62 10,262.50 14,509.42
640.00 3,345.36 1,800.00
174.09 1,144.72 7,430.41
394.47 92.80

3,388.29 10,644.32 4,340.19
2,351.38 8,552.66 13,717.61 8,633.69
12,357.52 167.00
7,195.75
6,092.88 35,181.92

6,416.60
(-)4.00
8,282.73 9,221.01 40.976.55

7,190.37 28,165.26 15,144.24
7,660.22 34,248.88 23,980.11 23,143.11
640.00 15,702.88
1,%3.00 7,369.84 1,144.72 7,430.41 8,282.73 9,221.01 6,487.35 35,274.72 40.976.55

TOTALS

$1,260,399.00 $692,033.76 $856.575.31* $2,809,008.07

Of this amount $723,202.% was disbursed by the various counties.

50

UNIVERSITY OF GEORGIA

AGRICULTURAL EXTENSION SERVICE (CONTINUED) The following schedule indicates the funds to be offset and the manner

in which they were offset. Funds To Be Offset

Total

To Be Offset Non Off-Set

FEDERAL FUNDS Smith-Lever and Bankhead Jones Farm Housing Research and Marketing Clarke-McNary
TOTAL FEDERAL FUNDS

$1,251,419.77 640.00
5,100.00 3.240.00

$683,054.53 640.00
5,100.00 3.240.00

$568,365.24

$1,260,399.77 $692,034.53 $568,365.24

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

$ 825,406.11 $692,033.76 $133,372.35

723.202.%

723.202.96

$1,548,609.07 $692,033.76 $856,575.31

The following is a summary of expenditures by objects:

Object

Disbursed by Disbursed by

University

Counties

Total

Percent to 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

$1,594,359.04 324,300.92 1,805.72 13,883.01 2,338.43 43,442.% 5,499.23 10,527.04 58,971.15 28,955.01 1.722.60

$723,202.96

$2,317,562.00 324,300.92 1,805.72 13,883.01 2,338.43 43,442.% 5,499.23 10,527.04 58,971.15 28,955.01 1.722.60

TOTALS

$2,085,805.11 $723,202.% $2,809,008.07 100.00

51

UNIVERSITY OF GEORGIA

CONSOLIDATED BALANCE SHEET June 30, 1954

ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand and in Banks Accounts Receivable TOTAL GENERAL

$

$ 613,202.06 $

288.924.55

902,126.61

B. RESTRICTED Cash in Banks Accounts Receivable TOTAL RESTRICTED

394,4%. 06 30.849.44

425,345.50

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

282,109.88 150,545.59
29,376.14 12,689.43

474.721.04 $ 1,802,193.15

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

436,444.70 100, 000.00
9.414.56

545,859.26

III.

ENDOWMENT FUNDS Cash on Hand and in Banks Investments
TOTAL ENDOWMENT FUNDS

2,597.62 2.452.050,79

2,454,648.41

IV. LOAN FUNDS Cash in Banks Investments TOTAL LOAN FUNDS

136.767.83 679.507.77

816,275.60

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

1,235,584.08 973,750.00

2,209,334.08

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

1,076,586.70 18,893,625.78
704,847.43

5.531.039.8926.206.099.60 28.415.433.88
$34.034.410.30

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953 -54, buildings had a sound value of $26,685,900.

54

UNIVERSITY OF GEORGIA

CONSOLIDATED BALANCE SHEET June 30, 1954
LIABILITIES

I. CURRENT FUNDS

A. GENERAL

Purchase Orders Outstanding

$

$ 52,044.08 $

Accounts Payable

2,817.24

Unearned Income

143,258.00

Reserves

97,821.70

Surplus

606.185.19

TOTAL GENERAL

902,126.61

B. RESTRICTED Fund Balances
C. AUXILIARY Unearned Income Accounts Payable Purchase Orders Outstanding Reserves for Reparis and Replacements TOTAL AUXILIARY TOTAL CURRENT FUNDS

425,345.50

11,667.11 1,922.32 4,565.43
456.566.18

474.721.04 $ 1,802,193.15

II. AGENCY FUNDS Fund Balances

III.

ENDOWMENT FUNDS Fund Balances Reserves
TOTAL ENDWOMENT FUNDS

545,859.26
2,425,625.61 29.022.80 $ 2,454,648.41

IV. LOAN FUNDS Fund Balances Reserves TOTAL LOAN FUNDS

659,257.13 157.018.47

816,275.60

V. PLANT FUNDS A. UNEXPENDED Fund Balances
B. EXPENDED Due to Other Funds Equity of University System Bldg. Auth. Investment in Plant TOTAL PLANT FUNDS
TOTAL LIABILITIES AND SURPLUS

$2.209.334.08
963,086.48 4,587,220.03 20.655.793.29

2,209,334.08
26.206.099.80 28.415.433.88
$34.034.410.30

55

UNIVERSITY OF GEORGIA

CONSOLIDATED STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL Student Fees Public Appropriations State-Regular Federal Other TOTAL PUBLIC APPROPRIATIONS Endowment Gifts and Grants Sales and Services Other TOTAL EDUCATIONAL AND GENERAL

$1,979,901.44

$4,295,104.50 1,806,817.63 123.773.71

6,225,695.84 31,758.99
812,262.19 821,382.32
60,429.01

$ 9,931,429.79

B. AUXILIARY Dormitories Dining Halls Other
TOTAL AUXILIARY

352,489.31 375,807.46 635.168.01

r, 363,464.78

C. STUDENT AID Endowment Gifts and Grants
TOTAL OTHER NON-EDUCATIONAL
TOTAL CURRENT INCOME

21,109.84 34.699.39

55.809.23

$11,350,703.80

D. PLANT FUNDS State of Georgia Sale of Property Gifts and Grants Other
TOTAL PLANT FUNDS
TOTAL INCOME
TRANSFERS
TOTAL RECEIPTS

1,885,913.96 16,751.00
113,551.45 25,094.83
2.041,311.24
$13,392,015.04
75.703.33
$13.467.718.37

UNIVERSITY OF GEORGIA

CONSOLIDATED STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

Salaries & Wages

Operating Supplies & Expenses

Capital Outlay

Total

EDUCATIONAL AND GENERAL Administration & General Student Welfare Physical Plant Libraries Instruction Research Services Related Extension

$ 326,420.25 $ 174,190.77 $

121,408.79

13,195.44

3,686.69 $ 504,297.71

3,714.99

138,319.22

326,835.45

334,109.64

7,001.22

667,946.31

201,583.09

13,285.08

127,067.91

,341,936.08

2,813,382.74

173,887.93

70,776.24 3,058,046.91

1,340,572.02

561,973.64

228,602.15 2,131,147.81

102,295.35

214,234.09

19,124.82

335,654.26

1.824.268.18

547.697.56

40.911.73 2.412.877.47

TOTAL EDUCATIONAL AND GENERAL $7,056,765.87 $2,032,574.15 $ 500.885.75 $ 9.590.225.77

AUXILIARY Dormitories and Dining Halls Other

$ 170,253.29 $ 440,123.00 $ 10,058.90 $ 620,435.19

84.730.39

467.065.38

7.625.59

559.421.36

TOTAL AUXILIARY
STUDENT AID Scholarships Awards

$ 254.983.68 $ 907.188.38 $ 17.684.49 $ 1.179.856.55

$

$ 48,258.00 $

$ 48,258.00

1.712.53

1.712.53

TOTAL STUDENT AID

1_

$ 49.970.53 $

$ 49.970.53

PLANT FUNDS Additions Other

$

$

$1,,177,568.21 $ 1,177,568.21

280.431.76

280.431.76

TOTAL PLANT FUNDS TOTAL EXPENSE

$ 280.431.76 _$L,177.568.21 $ 1.457.999.97 $7,311,749.55 $3,270,164.82 $1,696,138.45 $12,278,052.82

TRANSFERS

40.642.41

TOTAL DISBURSEMENTS

$12.318.695.23

UNIVERSITY OF GEORGIA
BALANCE SHEET June 30, 1954
ASSETS

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

$217,636.81 $

180,048.76 20.493.38 1.455.15

201.997.29

419,634.10

B. RESTRICTED Cash in Bank Accounts Receivable TOTAL RESTRICTED FUNDS

212,520.91 17.270.36

229.791.27

C. AUXILIARY Cash in Bank Accounts Receivable TOTAL AUXILIARY FUNDS

158,170.56 8.233.43

166,403.99

D. GENERAL EXTENSION Cash in Bank Accounts Receivable Veterans Administration TOTAL GENERAL EXTENSION
TOTAL CURRENT FUNDS

6.816.52

81,029.46 6.816.52

87.845.98 $ 903,675.34

II. AGENCY FUNDS Cash in Bank

336.649.23

336,649.23

III. ENDOWMENT FUNDS Cash in Bank and on Hand Investments Athens Federal Savings & Loan Assn. U.S. Securities State Hospital Authority Bonds Other Bonds University 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 TOTAL INVESTMENTS
TOTAL ENDOWMENT FUNDS

2,597.62

,777.00 ,561.50 ,625.00 , 000.00 ,700.00 ,304.65 ,045.00 ,532.94 ,221.90 .282.80

$2.452.050.79

2,454,648.41

60

UNIVERSITY OF GEORGIA

BALANCE SHEET June 30, 1954
LIABILITIES

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

$ 42,743.25 71,981.83 8,252.10 6,704.21
289.952.71 $ 419,634.10

B. RESTRICTED Fund Balances

229,791.27

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

4,565.43 11,667.11 150.171.45

166,403.99

D. GENERAL EXTENSION Reserve for Restricted Funds Purchase Orders Outstanding Surplus TOTAL GENERAL EXTENSION
TOTAL CURRENT FUNDS

82,865.39 1,654.47 3.326.12

87.845.98 $ 903,675.34

II. AGENCY FUNDS Fund Balances
III. ENDOWMENT FUNDS Fund Balances Reserve for Purpose of Trust
TOTAL ENDOWMENT FUNDS
IV. STUDENT LOAN FUNDS & MISC. FUNDS Fund Balances Reserve for Purpose of Trust
TOTAL STUDENT LOAN FUNDS & MISC. FUNDS

336,649.23

2,425,625.61 29.022.80

2,454,648.41

659,257.13 157.018.47

816,275.60

V. PLANT FUNDS A. UNEXPENDED Fund Balances

1,444,492.13

B. EXPENDED Due to University of Georgia Trust Funds Due to Georgia Medical College Equity of University System Bldg. Auth. Invested in Plant TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL LIABILITIES & SURPLUS 61

957,641.41 5,445.07
3,650,782.73 14.367.441,80

18.981.311.01 20,425,803.14
$24.937.051.72

UNIVERSITY OF GEORGIA

BALANCE SHEET June 30, 1954

ASSETS (CONTINUED)

IV. STUDENT LOAN FUNDS & MISC. FUNDS Cash in Bank and on Hand U.S. Securities State Hospital Authority 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 TOTAL INVESTMENTS

$ 119.518.50
41.375.00 124,317.75
1.00 43.300.00 95,360.34 187.419.51 33,405.09 12,115.94 22,694.64

136,767.83 679.507.77

TOTAL STUDENT LOANS & MISC. FUNDS

$ 816,275.60

V. PLANT FUNDS A. UNEXPENDED Cash in Bank Temporary Investments TOTAL UNEXPENDED

470,742.13 973.750.00

1,444,492.13

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

287,066.31 14,318,502.36
630,692.03 3,745,050.31

18,981,311.01

TOTAL PLANT FUNDS

$20.425.803.14

TOTAL ASSETS

$24.937,051.72

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $19,853,200.

62

UNIVERSITY OF GEORGIA

SUMMARY OF INCOME For Year Ended June 30, 1954

General Extension

Current Funds Educational Auxiliary And General Enterprises

Plant Student Aid Fund

Total

Student Fees Public Approp.
State of Georgia Federal Other Endowment Gifts & Grants Sales & Services Dormitories Dining Halls Printing Shop Stores Other
TOTAL INCOME
TRANSFERS
TOTAL RECEIPTS

$280,654.47 $1,057,371.67 $

$

$

$1,338,026.14

121,600.00 105,300.00

1,992,180.63 107,597.39 118,443.71 31,758.99 500,354.97 91,530.15

14.398.38

21,109.84 34,699.39
352,489.31 375,807.46
49,427.46 369,581.35

630,000.00 10,000.00 16.344.33

2,743,780.63 107,597.39 118,443.71 52,868.83 650,354.36 91,530.15 352,489.31 375,807.46 49,427.46 369,581.35 30.742.71

$507,554.47 $3,913,635.89 $1,,147,305.58 $55,809.23 $ 656,344.33 $6,280,649.50

5.580.25

426.542.27 432.122.52

$507,554.47 $3,919,216.14 $1.,147.305.58 $55,809.23 $1,082,886.60 $6,712,772.02

STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

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

General

Restricted

Income________ Income_______Total

$ 655,663.80 $

$ 655,663.80

205,103.91

205,103.91

2,955.25

2,955.25

654.78 13,537.72

14,192.50

5.746.00

5.746.00

23,257.73

23,257.73

93,826.24

93,826.24

4,601.90

4,601.90

8.023.00

8.023.00

35,207.78

35,207.78

3.050.00

3.050.00

5.743.56

5.743.56

$1.043.833.95 $ 13.537.72 $1.057.371.67

63

UNIVERSITY OF GEORGIA

STATEMENT OF CURRENT INCOME (CONTINUED)

A. EDUCATIONAL AND GENERAL (CONTINUED)

PUBLIC APPROPRIATIONS

State of Georgia Accounts Receivable 7-1-53 Regular Operations Less Amount Payable Vocational Funds Dept, of Agriculture - Veterinary Dept, of Health - Mental Health

$ 91,909.39 2,080,320.00
(-) 180.048.76

$1,934,580.63

$ 57,600.00 23,476.47 4,512.50 6,406.84

$1,992,180.63 23,476.47 4,512.50 6,406.84

Other States North Carolina - For Ag. Ed. Relations Tennessee - For Ag. Ed. Relations

200.00 3.000. 00

200.00 3.000. 00

United States Morrill-Nelson Fund U.S. Public Health - Brucellosis U.S. Public Health - Metabolism Vocational Funds

72,124.28 4,226.66 2,300.00
28,946.45

72,124.28 4,226.66 2,300.00
28,946.45

Counties and Cities

Clarke County - Demonstration School

Dodge County - For Survey

______________________ ____

79,847.90

79,847.90

1.000. 00 1. 000.

00

TOTAL STUDENT FEES

____________$1.934.580.63

$283.641.10 $2.218.221.73

ENDOWMENT Alumni Y.M.C.A. Alumni Library Denmark, B.A. & T.N. Bocock, W. H. Comer, E. T. Franklin College Franklin, Mary J. Gilmer, Georgie Magers, Edmund Landscrip Peabody, George Foster - Law School Smith, 0. V. Terrell, William University of Georgia Foundation TOTAL ENDOWMENT

$

$ 430.76 $

430.76

354,,97

354.97

1,276.94

1,276.94

9.28

9.28

4,220.63

4,220.63

8,534.11

8,534.11

125.72

125.72

479.10

479.10

2.50

2.50

5,611.23

5,611.23

6.15

6.15

6,355.42

6,355.42

727.18

727.18

3.625.00

3.625.00

$

$ 31.758.99 $ 31.758.99

GIFTS & GRANTS FROM PRIVATE SOURCES

All States Foundation

$

Atomic Energy - Savannah River Board of Control - Sou. Reg. Council-Ag. Ed. Rel.

Emory University

Game and Fish Commission

G.E.B. - Art - 1953-54

G.E.B. - Graduate School

Ga. Agriculture - Forestry Research Fund

Ga. Power Co. - Ag. Ed. Relations

Jackson Electric Corp. - Ag. Ed. Relations

Jewish Fund

Kellogg Little Ocmuglee Elec. Corporation

Livestock Judging

Middle Ga. Elec. Membership - Ag. Ed. Relations

$ 5,000.00 $ 20,419.00 3,750.00 9,300.00 6,000.00 27,933.02 28,768.39 225,000.00 250.00 50.00 100.00 13,803.40 50.00 300.00 50.00

5,000.00 20,419.00
3,750.00 9,300.00 6,000.00 27,933.02 28,768.39 225,000.00
250.00 50.00 100.00
13,803.40 50.00
300.00 50.00

64

UNIVERSITY OF GEORGIA

STATEMENT OF CURRENT INCOME (CONTINUED)

A. EDUCATIONAL AND GENERAL (CONTINUED)

GIFTS AND GRANTS FROM PRIVATE SOURCES (CONT'D)

Milk Control Board

$

Mitchell Elec. Corp. - Ag. Ed. Relations

N. S. F. - Burkholder

Ordnance - Cohen

Ordnance - Fort

Ordnance - Huff

Parke-Davis Project

Reese, Nelle M. Fund

UNESCO

Vetinary Medicine - Regional Council

Walters Elec. Membership Corp. - Ag. Ed. Relations

Wyeth Laboratories

TOTAL GIFTS & GRANTS FROM PRIVATE SOURCES

$ 2,000.00 $ 2,000.00

50.00

50.00

7,500.00

7,500.00

7,600.57

7,600.57

322.66

322.66

3,866.00

3,866.00

8,500.00

8,500.00

100.00

100.00

591.93

591.93

127,500.00

127,500.00

50.00

50.00

1.500.00

1.500.00

$500,354.97 $ 500.354.97

SALES AND SERVICES Agricultural Education Relations Literary Quarterly Mathematics Books Psychology Clinics University Press Veterinary Clinics Veterinary Pathology TOTAL SALES & SERVICES

$

$ 23,523.73 $

3,451.21

3,149.13

557.00

23,733.29

35,833.29

1.282.50

i _ 64.857.29 $ 26.672.86 $

23,523.73 3,451.21 3,149.13 ' 557.00
23,733.29 35,833.29
1.282.50 91.530.15

OTHER SOURCES Agricultural Extensuon Service General Experiment Station Rents Veterans Guidance Miscellaneous TOTAL OTHER SOURCES

$ 8,066.00 $ 4,000.00 965.00 1,343.13 24.25
14.398.38 $

$ 8,066.00 4,000.00 965.00 1,343.13 24.25
$ 14.398.38

TOTAL EDUCATIONAL & GENERAL INCOME

$3,057,670.25 $855,965.64 $3,913,635.89

TRANSFERS FROM: Restricted Funds Agency Funds

$ 4,859.99 $ 720.26

$ 4,859.99 720.26

TOTAL EDUCATIONAL AND GENERAL RECEIPTS

$3,063,250.50 $855,965.64 $3,919,216.14

GENERAL EXTENSION STUDENT FEES
Correspondence Audio Visual Part-Time & Special Services Columbus Center Gainesville Center Marietta Center Rome Center Savannah Center Waycross Center Negro Columbus Center
TOTAL STUDENT FEES

$ 51,097.47 $ 18,767.24 15,433.58 50,789.02 32,601.17 19,444.98 40,012.67 824.32 36,715.40 14.968.62
$280,654.47 $

$ 51,097.47 18,767.24 15,433.58 50,789.02 32,601.17 19,444.98 40,012.67 824.32 36,715.40 14.968.62
$ 280.654.47

65

UNIVERSITY OF GEORGIA

STATEMENT OF CURRENT INCOME (CONTINUED)

B. GENERAL EXTENSION (CONTINUED)

PUBLIC APPROPRIATIONS Accounts Receivable

$64,000.00

State of Georgia - Reg. Op.

57,600.00

Less Amount Payable

Gifts - Kellogg Fund TOTAL GENERAL EXTENSION INCOME

C. AUXILIARY ENTERPRISES DORMITORIES Barracks Brown Clarke Howell Coordinate Law Mary Lyndon Mi Hedge Mi Hedge Annex Myers Hall Private Trailers Reed Hall Rutherford Small Dormitories
Soule Veterans Housing
TOTAL DORMITORIES

DINING HALLS Denmark Lucy Cobb Mi Hedge Annex Snelling Hall Tea Room TOTAL DINING HALLS

OTHER Printing Department University Stores TOTAL OTHER
TOTAL AUXILIARY INCOME

D. STUDENT AID ENDOWMENT Advancement of Art Fund W. J. Bryan Fund J. B. Connally Fund John C. Harris Fund George D. Kitzinger Fund Isaac Meinhard Fund Neil Reid Memorial Fund H. B. Russell Cecil Wilcox Fund A. F. Churchill - Scholarship 0. L. Cloud - Scholarship

$121,600.00 $402-254.47

$121,600.00 $105.300.00 105.300.00 $105.300.00 $507.554.47

$ 18,698.30 16,220.35 25,501.44 1,240.00 108.50 12,642.50 16.736.00 24,374.05 68,819.04 886.90 69,350.11 18.088.00 350.00 13,422.90 66.051.22
$352.489.31

$ 18,698.30 16,220.35 25,501.44 1,240.00 180.50 12,642.50 16.736.00 24,374.05 68,819.04 886.90 69,350.11 18.088.00 350.00 13,422.90 66.051.22
$352.489.31

$107,134.58 140.49
55,389.40 207,315.78

$107,134.58 140.49
55,389.40 207,315.78

5.827.21 ________

5.827.21

$375.807,46______ __________ $375,807.46

$ 49,427.46 369.581.35 $419,008.81
$1,147,305.58

$ 49,427.46 369.581.35 $419,008.81
$1,147,305.58

58.50 5.74
76.82 14.38 311.82
4.08 500.00
55.00 772.50 1,980.00 120.00

58.50 5.74
76.82 14.38 311.82
4.08 500.00
55.00 772.50 1,980.00 120.00

66

UNIVERSITY OF GEORGIA

STATEMENT OF CURRENT INCOME (CONTINUED)
D. STUDENT AID (CONTINUED) ENDOWMENT (CONTINUED) E. G. Dawson - Scholarship W. W. Findley - Scholarship Joseph R. Lamar - Scholarship T. E. Mitchell - Scholarship T. E. Mitchell - Coordinate - Scholarship Edward Shorter -- Art Lamar Trotti - Scholarship F 0 Co Tucker - Scholarship Cecil Willcox - Scholarship TOTAL ENDWOMENT

$
___ 1 __

GIFTS AND GRANTS American Foundation Pharmacy Ed. - Fellowship $ Atlanta Women's Pan Hellenic Assn. - Scholarship Berry School - Scholarship Donald Bond - Scholarship Borden Co. - Home Economics John R. Bush Award Callaway Educational Scholarship Davis Brothers - Scholarship Delta Air Lines - Scholarship DuPont-Hendley - Scholarship Mrs. R. M. Durr - Scholarship Rebecca Felton Fund - Scholarship Forestry - Scholarship Edwin Gould - Scholarship Hadaway Union Bag - Scholarship Harvey Union Bag - Scholarship Hiroe Horikawa - Scholarship Huckabee Auto - Scholarship I. F. C. - Scholarship Jaycees - Scholarship Jewell Tea Company - Scholarship Sallie Jones Scholarship Joe Jordan Scholarship Kroger Grocery Company - Scholarship Jennie McBride Dan McDougald Award Mortar Board Scholarship Niehans - Savannah Bank - Scholarship Odille Ousley - Scholarship Poultry Scholarship Readers Digest - Journalism Roosevelt High Scholarship Rosenblatt Fund - Scholarship Sears-Roebuck & Co. - For Agriculture Scholarship Sears-Roebuck & Co. - For Home Economics Scholarship Shahbaz Parsa - Scholarship Sidki Sadik - Scholarship Songsi Jutivongsi - Scholarship Soule Hall - Scholarship Student Activities - For Prizes

67

2,760.00 $ 60.00
1,500.00 4,380.00 3,300.00
45.00
306.00 4,500.00
360.00 21.109.84 _s _

2,760.00 60.00
1,500.00 4,380.00 3,300.00
45.00 306.00 4,500.00 360.00 21.109.84

2,650.00 $ 180.00 75.00 300.00
1,500.00 100.00
1,468.03 6 0 0 .0 0 900.00 200.00
1,766.66 200.00 100.00 966.00
1,000.00 1,000.00
500.00 200.00 180.00 250.00 180.00 900.00 330.00 966.66 600.00 112.56 290.00 700.00 450.00 1,733.32 1,000.00 235.32 352.42 2,316.66 750.00 400.00 200.00 150.00
80.00 60.00

2,650.00 180.00 75.00 300.00
1,500.00 100.00
1,468.03 600.00 900.00 200.00
1,766.66 200.00 100.00 966.00
1,000.00 1,000.00
500.00 200.00 180.00 250.00 180.00 900.00 330.00 966.66 600.00 112.56 290.00 700.00 450.00 1,733.32 1,000.00 235.32 352.42 2,316.66 750.00 400.00 200.00 150.00
80.00 60.00

UNIVERSITY OF GEORGIA

STATEMENT OF CURRENT INCOME (CONTINUED)

D. STUDENT AID (CONTINUED) GIFTS AND GRANTS (CONTINED) S.E. Fair Assn. - Scholarship - Mary Ann Speir Sou. Assn. Ice Cream Mfr. - Scholarship St. Regis Scholarship - Jack Barker Smith Student Activities - For Orchestra Scholarship Union Bag Company - Scholarship University Foundation Award Various Sources - Music Various Sources - Pharmacy Maude Warwick Fund Welfare Association - Lovett TOTAL GIFTS AND GRANTS
TOTAL STUDENT AID
TOTAL CURRENT RECEIPTS

$

$

i___________ $

180.00 $ 1,000.00
800.00 920.00 2,946.42 1,437.16
63.18 760.00 400.00 250.00 J.. 699.39

180.00 1,000.00
800.00 920.00 2,946.42 1,437.16
63.18 760.00 400.00 250.00 34.699.39

1___________

55.809.23 _S_ 55.809.23

i, $4,612,810.55 .017.074.87 $5,,629.885.42

SUMMARY OF EXPENDITURES For Year Ended June 30, 1954

General Extension

Current Funds

Educational Auxiliary

& General

Enterprises

Student Aid

Plant Funds

Total

EDUCATIONAL & GENERAL Admin. & General Student Welfare Plant Operations Library Instruction Research Serv. Rel. to Instr. Extension

$ 24,021.44 $ 234,814.72 $ 119,436.90
1,447.44 474,890.42 244,017.59
172,997.43 2,145,573.18 389,122.25
42,897.49 233,651.66 89,924.31

$

$

$ 258,836.16 119,436.90 476,337.86 244,017.59
2,318,570.61 389,122.25 276,549.15 89,924.31

AUXILIARY Dormitories Dining Halls Gen. Dorms & Dining Halls Printing Shop Stores

261,926.38 350,828.62
7,680.19 56,632.47 353,352.75

261,926.38 350,828.62
7,680.19 56,632.47 353,352.75

STUDENT AID Scholarships Awards

48,791.32 1,179.21

48,791.32 1,179.21

PLANT

Additions to Plant

281,747.39 281,747.39

Repairs (Not Capitalized)

190,866.51 190,866.51

Debt Service

86.573.48

86.573.48

TOTAL EXPENDITURES $331,288.11 $3,841,506.72 $1,030,420.41 $49,970.53 $559,187.38 $5,812,373.15

Transfers

130.000.00

61.276.59 204.152.28

395,428.87

TOTAL DISBURSEMENTS $461,288.11 $3,902,783.31 $1,234,572.69 $49,970.53 $559,187.38 $6,207,802.02

68

UNIVERSITY OF GEORGIA
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

Fund Classification

General

Restricted

Object Classification

Operating

Salaries

Supplies

& Waqes

& Expense Equipment

EDUCATIONAL AND GENERAL ADMINISTRATIVE & GENERAL
Accounting Office Alumni Office Comptroller's Office General Expense President's Office Public Relations Registrar's Office Statistical Bureau Veterans Division
TOTAL ADMIN. & GENERAL
STUDENT WELFARE Dean of Students Dean of Men Dean of Women Director of Student Activities Placement Student Health Services TOTAL STUDENT WELFARE

$ 39,259.63 $ 8,699.88
12,999.89 61.520.57 32.167.58 19,388.07 39,944.99 17,412.97
3.421.14 $234,814.72 $

$ 33,771.28 $ 5,488.35 $

8,699.88

12,649.92

349.97

4,181.28 57,339.29

30,407.71

1,759.87

17,706.43

1,681.64

31,647.09

7,982.90

17,123.50

289.47

2.899.79

199.85

$159,086.88 $ 75.091.34 $

315.00
321.50 636.50

$ 11,174.17 $ 21,241.32 19,510.36 10,168.60 11,691.39 45.451.06
$119,236.90 $

200.00 200.00

$ 10,349.85 20,199.84 18,759.72 9,782.88 10,019.76 34.131.30
$103,243.35

$ 750.00 739.95 750.64 502.72
1,021.63 8.985.62 $ 12.705.56

$ 119.32 301.53
83.00 650.00 2.334.14 $ 3.487.99

PHYSICAL PLANT General Operations Grounds Janitors Repairs TOTAL PLANT OPERATIONS

$170,708.91 50,279.99
134,913.95 103.226.34 $459,129.19

$15,761.23 $15,761.23

$ 20,546.88 35,009.85
121,543.46 58.505.43
$235,605.62

$163,902.88 14,979.20 12,558.65 44.551.59
$235,992.32

$ 2,020.38 290.94 811.84 169.32
$ 3.292.48

LIBRARIES

$236,605.84 $ 7.411.75 $156,482.88 $ 8.781.75 $78,752.%

INSTRUCTION Dean of Faculties Veterans Guidance College of Agriculture Dean's Office Agricultural Economics Agricultural Engineering Agronomy Animal Husbandry Dairy Food Technology Horticulture Landscape Architecture Plant Pathology Poultry Husbandry Arts and Sciences Dean's Office
Art

$ 17,830.76 $ 21,802.04

$ 16,844.72 $ 476.04 $ 510.00

18,651.94

3,028.21

121.89

24,646.34 9,240.50
30,103.63 21,264.04 18,395.89 11,891.00 14,748.42 10,035.95 15,784.63 13,783.63
8,330.34

4,212.50 4,000.00 5,500.00 6,000.00 6,500.00
5,500.00
3,500.00

20,711.66 13,169.38 31,912.70 25,736.64 23,334.60 16,953.% 12,747.09 14,672.75 14,347.14 13,262.86 10,971.29

3,2%.68 242.48 980.74 824.27 598.54 992.15
1,094.40 467.13
1,095.78 489.17 431.08

638.00 41.14
1,210.19 203.13 462.75 444.89 906.93 396.07 341.71 31.60 427.97

21,861.89 54,732.09

1,000.00

18,801.72 53,029.%

3,060.17 1,695.13

1,007.00

69

UNIVERSITY OF GEORGIA

STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

A. EDUCATIONAL AND GENERAL (CONTINUED) INSTRUCTION (CONTINUED)

G.E.B. Art (1953-54)
Bacteriology Biology Botany Chemistry Classics English Geography & Geology History Mathematics Modern Languages Music Nursing Education Philosophy Physics Political Science Psychology Religion Sociology Speech & Drama Business Administration

$ 21,086.51 $ 24,008.18 1 24,008.18 ;$ 6,958.94 $14,127.57

9,274.50

8,891.23

308.57

74.70

47,831.55

2,400.00

44,966.76

4,294.37

970.42

31,289.20

2,000.00

30,336.94

1,485.42 1,466.84

61,720.83

3,000.00

56,163.62

4,794.27 3,762.94

8,771.36 76,379.28 31]702.39 29,119.59

3,000.00 2,000.00

8,733.27 78,990.51 30,586.39 28,919.68

38.09 279.77 1,573.92
99.91

109.00 1,542.08
100.00

00



41,437.07 49]629.78

44,289.81 47,478.48

147.26 343.55

1,807.75

54,561.24

52,497.50

991.74 1,072.00

2,219.10

2,199.96

19.14

11,945.61 34,601.85 28,394.62 28,649.99

2,200.00 2,200.00

11,873.32 33,287.30 30,266.96 27,659.32

72.29 1,463.31
169.25 736.54

2,051.24 158.41 254.13

5,308.90

5,286.%

21.94

31,339.13

2,124.28

33,145.94

317.47

20,244.63

19,789.80

200.63

254.20

120,770.03

1,200.00

116,052.72

4,663.46 1,253.85

Education Demonstration School General Physical Education
Forestry Graduate School Graduate School G.E.B. Home Economics Journalism Law Military Pharmacy Regents Professors Summer Quarter

23,205.54 91,732.66 74,271.40
9,749.48 Ec., 9,454.72
29,897.45 44,303.54
78,961.47 31,948.51 54,022.59
6,930.44 43,511.99
4,999.80 134,750.54

74,088.74
25,831.28 12,468.82 6,000.00 33,299.92
2-,000.00
2,000.00

94,533.45 86,638.48 69,662.34 29,923.54 19,213.18 33,377.04 43,399.87 18,299.92 72,109.47 29,226.90 52,251.26
5,4%.19 37,554.76
4,999.80 133,369.32

2,760.83 4,353.83 3,666.30 5,657.22 2,710.36 1,468.55
903.67
5,979.57 2,234.94 1,520.19 1,434.25 6,127.92

740.35 942.76
1,051.86
15,000.00 2,872.43 486.67 251.14
1,829.31

1,381.22

Veterinary Medicine

Dean's Office

15,717.14

Anatomy & Histology

4,362.48

Clinics & Medicine

45,595.28

Hygiene

6,604.04

Pathology

10,708.19

Psysiology & Pharmacology

9.033.89

TOTAL INSTRUCTION

$1 .770.489.46

12,000.00 62,037.50 25,000.00 24,512.50 12.500.00 S375.083.72

14,174.88 14,474.91 72,139.08 28,855.39 31,731.69 20.301.51 $1.952.306.04

1,320.31 1,126.67 33,977.03 1,890.81 1,990.00
925.90 $129.181.38

221.95 760.90 1,516.67 857.84 1,499.00 306.48 $64,085.76

ORGANIZED RESEARCH

Allied Chem. & Dye

$

Atomic Energy

Atomic Energy - Savannah

Brucellosis

$

11.08 $

110.95

14,331.02

4,756.62

$

11.08 $ 110.95

11,643.01 2,000.00

2,542.73 %8.78

145.28 1,787.84

70

UNIVERSITY OF GEORGIA

A. EDUCATIONAL AND GENERAL (CONTINUED)

ORGANIZED RESEARCH (CONTINUED) Bureau Business Research $ Bureau Public Adm.

11,309.40 8,962.03

Comer Research

Eli Lilly Research - Pharm.

General

209,564.21

Marine Biology

Metabolism

N.S.F. - Burkholder

Ordnance - Cohen

Ordnance - Huff

Osmose Wood Preserving

Parke-Davis Research

Pine Nutrition

Plant Toxicology

Sharpe & Dohme

U.N.E.S.C.O.

Wyeth Lab. TOTAL ORG. RESEARCH

$Y ..-- 229.835.64

4,220.63 275.94
107,901.34 4,794.13 936.33 5,339.50 2,909.80 1.00 7,211.41 229.00 3,680.63 59.11 591.93 1.926.19
$159,286.61

9,475.37 7,003.13 4,038.85
149,005.03 11,575.81 3,500.00 2 % . 62 4,879.42 2,860.00 1.00 6,108.15 229.00 2,017.46
1.816.64 $ 216.449.49

1,834.03 1,440.65
181.78 90.70
13,859.72 89,674.51
594.13 159.71 460.08
49.80
702.67
859.29 59.11
591.93 109.55 $114,190.25

518.25 185.24 46,699.46 6,651.02 700.00 480.00
400.59 803.88
$ 58.482.51

EXTENSION

Ag. Ed. Relations

$

Livestock Judging Team

Milk Control

Short Course

Allstate Foundation

Atlanta Area

Field Services

General Mills

Kellogg Project

Mental Health

Prog. Exceptional Children

Resource - Use

Surveys

Vet. Teacher Training

Archaeology

Art - G.E.B. - Dodd

Art Museum

Forestry

Forestry - Surveys

Ga. Poultry Improv. Assn.

Inst, of Law & Government

Literary Quarterly

S. E. Massengill

University Press

Wildfire Conservation

TOTAL EXTENSION

$

$ 30,114.87 $

600.77

2,169.90

4,774.99

5,245.04

22,837.72

23,093.67

158.90

13,502.26

6,598.31

20,167.16

2,173.68

1,018.02

6,605.33

3,928.90

10,000.04

6,631.12

914.54

3,056.34

93.30

21,308.88

10,048.31

2,465.30

29,684.51

500.00

5.959.80

79.076.04 $154,575.62 $

14,061.75 $ 15,807.37 $ 245.75

600.77

2,169.90

4,774.99 5,055.56

189.48

18,294.84

4,542.88

22,025.76

1,067.91

150.00

8.90

9,839.%

3,662.30

5,499.96 11,906.58

1,098.35 1,919.49

6,341.09

2,173.68

90.00 4,662.50 2,351.01

928.02 1,942.83 1,432.55

145.34

4,700.04 5,291.07

5,300.00 947.13

392.92

914.54

2,217.00

839.34

93.30

18,362.13 5,898.71

1,513.34 4,149.60
233.79

1,433.41 2,231.51

13,160.25 17,024.26

4.386.80

1.083.08

489.92

143.812.90 $ 78.276.04 $ 11.562.72

\L$3 .129.187.79 $712,318.93 $2,966,987.16 $654,218.64 $220,300.92

TRANSFERS TO: Plant Funds Donors for Previous Year's Income General Funds TOTAL TRANSFERS
TOTAL ED. & GEN. DISBUR.

$ 35,817.03 $ 18,120.00
2,479.57 ______________ 4.859.99 $ 35.817.03 $ 25.459.56
$3.165.004-82 $737.778,49

71

UNIVERSITY OF GEORGIA

STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

B. GEMERAL EXTENSION ADMINISTRATION General
PLANT OPERATIONS

$ 2A 021.44 $p__________ $ X171 .o u3u5v0. v6v3 $ip 4.g w6w64- . 3w 9f $ 1.806.42

1.447.44

1.447.44

INSTRUCTION Albany State College Columbus Center Gainesville Center Marietta Center Rome Center Waycross Center Continuing Education TOTAL INSTRUCTION

16,312.19 38,055.89 26,364.64 19,363.38 28,090.33 22,376.39
22.434.61 $150,562.82 $22,434.61

15,589.75 34,148.48 22,999.% 17,045.33 24,608.28 19,372.56 18.502.70 $152,267.06

722.44 3,822.66 3,311.98 2,218.05 3,390.56 2,930.33 3.931.91 $20.327.93

84.75 52.70 100.00 91.49 73.50
402.44

SERVICES REL. TO INSTR. Audio-Visual Serv.

$ 42.897.49 $

$ 22.978.47 $12.210.36 $ 7.708.66

EXTENSION Correspondence Part-Time & Special Serv. TOTAL EXTENSION
TOTAL GEN. EXT. EXPENDITURES

$ 46,892.68 $ 43.031.63
$ 89.924.31 $

$ 40,884.86 32.993.86
$ 73.878.72

$ 5,867.82 $ 10.037.77
$15.905.59 _ 1 _

140.00 140.00

$308,853.50 $22,434.61 $267,922.32 $53.308.27 $10.057.52

TRANSFERS TO: Univ. Plant Funds
TOTAL GEN. EXT. DISBURSEMENTS

$130,000.00 $438,853.50 $22,434.61

C. AUXILIARY ENTERPRISES DORMITORIES Barracks Brown Clarke Howell Law Lucy Cobb Mary Lyndon Milledge Mi Hedge Annex Myers Hall Private Trailers Reed Hall Rutherford Soule Veterans Housing TOTAL DORMITORIES

$ 15,349.67 $ 18,313.41 13,017.31 3,674.28 2,678.37 10,761.14 19,448.81 10,449.02 43,418.40 1,385.34 28,971.$6 16,273.21 12,247.68 65.938.38
$261.926.38 $

$ 4,129.98 4,940.84 5,569.07
1,771.25 4,888.28 4,329.80 3,119.% 15,808.06
6.75 12,416.63
5,161.76 4,213.52 21.809.69 $ 88.165.59

$ 10,911.69 12,953.37 7,429.64 3,674.28 907.12 5,563.76 14,795.65 7,329.06 25,984.90 1,378.59 15,602.25 10,906.45 7,772.16 41.800.94
$167.009.86

$ 308.00 419.20 18.60
309.10 323.36
1,625.44
952.48 205.00 262.00 2.327.75 $ 6.750.93

72

UNIVERSITY OF GEORGIA

STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

C. AUXILIARY ENTERPRISES (CONTINUED)

DINING HALLS

Denmark Lucy Cobb

$ 117,113.44 $ 907.73

Mi Hedge Annex

68,515.77

Snelling Hall

158,330.35

Tea Room

5.961.33

TOTAL DINING HALLS

$ 350.828.62 $

GENERAL

$ 7.680.19 $

TOTAL DORMS & D. HALLS $ 620.435.19 $

$ 25,073.73 610.55
9,724.92 37,160.88
1.980.42 $ 74.555.50

$ 91,942.44 297.18
57,290.85 119,453.77
3.980.91 $272,965.15

$ 92.27
1,500.00 1,715.70
$ 3.307.97

$ 7.532.20 $ 147.99 $

$170,253.29 $440,123.00 $10,058.90

OTHER Printing Department University Stores TOTAL OTHER
TOTAL AUX. ENTERPRISES

$ 56,632.47 $ 353.352.75
$ 409.985.22 $
$1,030,420.41 $

$ 26,412.47 $ 25,217.36 $ 5,002.64 44.561.57 306.168.23 2.622.96
$ 70.974.04 $331,385.59 $ 7.625.59
$241,227.33 $771,508.59 $17,684.49

TRANSFERS TO: Board of Regents Plant Funds

$ 25,578.80 178.573.48

TOTAL AUX. DISBURSEMENTS $1,234,572.69

D. STUDENT AID Endowment Scholarships Scholarships Awards TOTAL STUDENT AID

$ 533.32 48,258.00 1.179.21
$ 49.970.53

TOTAL CURRENT DISBURSEMENTS $4,838,431.01 $810,183.63

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS For Year Ended June 30, 1954

Balance Beginning Of Year

Income For Year

Expendi tures For Year

Transfers

Balance End Of Year

A. EDUCATIONAL AND GENERAL

STUDENT FEES - Atlanta Area

$

$ 13,537.72 $ 13,537.72 $

$

GOVERNMENTAL

State of Georgia

Law Institute

$ 4,293.82

Exceptional Children

Grants & Aids

Other States

N.C. - Ag. Ed. Relations

Tenn. - Ag. Ed. Relations

Vocational

(-)8,796.32

$ 28,800.00 28,800.00
200.00 3,000.00 23,476.47

$ 21,308.88 20,167.16
200.00 3,000.00 19,247.83

$11,120.00 7,000.00

$ 664.94 1,632.84
(-)4,567.68

73

UNIVERSITY OF GEORGIA

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS CONT'D)

Balance

"

Beginning Income

Of Year_____ For Year

Expendtures For Year

Transfers

Balance End Of Year

A. EDUCATIONAL & GENERAL (CONT'D)

GIFTS (Cont'd)

Atomic Energy Commission

Research

$ 110*95

Atomic Energy Commission-Savannah

Research

(->1,280.88

$ 20,419.00

110*95 $:

$

14,331.02 1,214.00

3,593.10

Callaway Community Fund Art

800.00

800.00

Emory University Atlanta Area

9,300.00

9,300.00

Game & Fish Commission Wildlife Conservation

2,729.01

6 ,000.00

5,959.80

2,769.21

Ga. Power Company Ag. Ed. Relations
G.E.B. - Art 1953-54 G.E.B. - Lamar Dodd G.E.B. - Graduate School G.E.B. - Library General Mills - Nutrition Ga. Ag. - Research Fund Ga. Forestry Comm. - Survey

13,983.63 10,000.00 20,331.61
675.73 1,313.24
6,717.95

250,00 27,933.02 28,768.39
225,000.00

250.00 24,008.18 10,000.04 33,299.92
318.50 158.90 107,901.34 3,056.34

916.65 (->.04 357.23
1,621.61

16,991.82
15,800.08
1,154.34 117,098.66
2,040.00

Ga. Poultry Improvement Assn. - Vet. Med.

212.67

93.30

119.37

Jackson Electric Corp. Ag. Ed. Relations
Jewish Fund - Books Kellogg - Education Eli Lilly - Pharmacy Little Ocmulgee Elec. Corp. Livestock Judging S.E. Massengill - Vet. Med. Middle Ga. Elec. Memb. Corp. Milk Control Board

18.25 (->3,922.63
845.89
340.30 2,485.10
378.65

50.00 100.00 13,803.40
50.00 300.00
50.00 2, 000.00

50.00 118.25 13,502.26 275.94
50.00 600.77 2,465.30
50.00 2,169.90

(->3,621.49 569.95
39.53 19,80
208.75

Mitchell County Electric

Corp. - Agric. Ed.

N.S.F. - Burkholder Ordnance - Cohen Ordnance - Fort - Research Ordnance - Huff - Research

(-) 299.71 507.38
(-) 501.92

Osmose Wood Co. - Wood Preserv.

1.00

Parke-Davis - Research Reed. Psycho-Ed. Clinic

100.00

Nelle M. Reese Fund Sharpe & Dohme

387.44

50.00 7.500.00 7,600.57
322.66 3.866.00
8.500.00
100.00

50.00 936.33 5,339.50
2,909.80 1.00
7,211.41
100.00 59.11

830.04 454.28

6,563.67 1,961.36
1,288.59 100.00 328.33

Southern Regional Ed. Board of Control
Tenn. Corp. - Pine Nutrition
UNESCO Vet. Med. Regional Council

972.15 500.00

3,750.00
591.93 127,500.00

3.750.00 229.00 591.93
127,500.00

500.00

743.15

74

UNIVERSITY OF GEORGIA STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (CONTINUED)

Balance Beginning Of Year

Income For Year

Expenditure For Year_______ Transfers

Balance End Of Year

A. EDUCATIONAL & GEN. (CONTfD) GOVERNMENTAL (CQNT'D)

Grants & Aids (Cont'd)

United States

Morri11-Nelson

$

$ 72,124.28 $ 72,124.28 $

$(->4,567.68

Dept, of Health Brucellosis Mental Health Metabolism Plant Toxicology

1,043.34 (-)1,798.40
4,644.00 5,197.09

4,226.66 6,406.84 2,300.00

4.756.62 6,598.31 4,794.13 3.680.63

370.00 344.00

143.38 (->1,989.87
1,805.87 1,516.46

Dept, of Agriculture Vet Medicine - Pathology

4,512.50

4,512.50

Navy Research
Vocational

3,611.06 (-)8,206.49

28,946.45

27,831.28

3,611.06 (->7,091.32

Counties & Cities

Clarke County Demonstration School

(->5,759.16 79,847.90 74,088.74

Dodge County Surveys

1,000.00

1,000.00

Hall County Surveys

2,308.04

987.47

1,320.57

Muscogee County Surveys
TOTAL GOVERNMENTAL

30.55

30.55

$(->3.432.47 $283.641.10 $263.328.38 $22.445.06 $(->5.564.81

ENDOWMENT Alumni Library - Books Alumni Y.M.C.A. - V.R.A.

$

659.95

1,574.44

354.97 $ 430.76

$ 200.00

Wl H. Bocock - Books E. T. Comer - Bus. Research B.A. & T.N. Denmark - Maint. Franklin College - Maintenance

23.94
2,776.22 6,165.61

9.28 4,220.63 1,276.94 8,534.11

4,220.63 1,000.00 8,000.00

Mary J. Franklin - Maintenance George R. Gilmer - Maintenance

116.66 303.39

125.72 479.10

100.00 400.00

Journalism Dean's Fund Landstript Fund - Maintenance

695.61 .73

5,611.23

5,611.23

Edmund Magers - General Purposes

5.53

2.50

Geo. Foster Peabody - Law School 100.65

0. V. Smith William Terrell - Professor

466.42

Univ. of Ga. Foundation TOTAL ENDOWMENT

12.889.15

6.15 6,355.42
727.18 3.625.00 $ 31.758.99

5,000.00 650.00
3.625.00 $ 28.806.86

$ 1,014.92 1,805.20 33.22
3,053.16 6,699.72
142.38 382.49 695.61 .73
8.03 106.80 1,355.42 543.60
.73 $ 15.840.55

GIFTS Allstate Foundation Driver Training Allied Chem. & Dye Mite Control

$ 1,760.13 $ 5 ,0 00 .00 $ 5,245.04 $

11.08

11.08

$ 1,515.09

75

UNIVERSITY (F GEORGIA STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (CONTINUED)

Balance Beginning Of Year

Income For Year

Expendtures For Year

Transfers

Balance End Of Year

A. EDUCATIONAL & GENERAL (CONT'D)

GIFTS (CONT'D)

Walters Elec. Corp. - Ag. Ed. Relations
Wyeth Lab. - Vet. Med. TOTAL GIFTS

$

$ 50.00 $

50.00 $

$

1.500.00 1.500.00

1.926.19

1.073.81

$ 60.677.02 $500.354.97 $383.981.10 $ 5.893.77 $171.157.12

SALES AND SERVICES Ag. Ed. Relations Math Books TOTAL SALES & SERVICES
TOTAL ED. & GENERAL

$ (-)764.70 $23,523.73 6.906.69 3.149.13
$ 6.141.99 $26.672.86

$ 22,664.87 (-)2,880.00 $ 2,974.16 10.055.82
$ 22.664.87 (-)2.880.00 $ 13.029.98

$ 76.275.69 $855.965.64 $712.318.93 $25.459.56 $194.462.84

B. STUDENT AID

ENDOWMENT - SCHOLARSHIPS

Advancement of Art Fund

Art Scholarship

$

Neil Reid Memorial

Landscape Arch. Sch.

A. F. Churchill - Sch.

0. L. Cloud - Scholarship

E. G. Dawson - Scholarship

W. W. Findley - Scholarship

Joseph R. Lamar - Sch.

T. E. Mitchell - Sch.

T. E. Mitchell - Coordinate -

Scholarship

Edward Shorter - Art

Lamar Trotti - Scholarship

F. C. Tucker - Scholarship

Cecil Willcox - Scholarship _

TOTAL ENDOWMENT - Sch.



150.06 $

58.50 $

$

315.00

500.00 1,980.00
120.00 2,760.00
60.00 1,500.00 4,380.00

533.32 1,920.00
120.00 2,700.00
60.00 1,443.00 4,260.00

82.50 547.56

3,300.00 45.00
306.00 4,500.00
360.00 $ 18.869.50

3,300.00 45.00
300.00 4,500.00
360.00 $ 19.541.32 _l_____

$ 208.56 281.68 60.00 60.00 57.00 120.00
88.50
$ 875.74

GIFTS - SCHOLARSHIPS American Foun. Par. Educ. Fellowship Atlanta Womens Pan-Hellenic Assoc. Scholarship Berry School - Scholarship Donald Bond - Scholarship Borden Co. - Home Ec. John R. Bush Award Callaway Ed. - Scholarship Davis Bros. - Scholarship Delta Air Lines - Sch. DuPont-Hendley - Sch. Mrs. R. M. Durr - Poultry Rebecca Felton Fund - Sch.

$

.04 $ 2,650.00 $ 2,649.96 $

75.00 900.00
79.17 2,400.66

180.00 75.00
300.00 1,500.00
100.00 1,468.03
600.00 900.00 200.00 1,766.66 200.00

180.00 75.00
375.00 300.00 100.00 1,468.03
679.17
1,766.66 200.00

$

.08

2,100.00
600.00 300.00 200.00 2,400.66

76

UNIVERSITY OF GEORGIA
STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (CONTINUED)
Balance Beginning Income Of Year_____ For Year

Expenditures For Year________ Transfers

Balance End Of Year

B. STUDENT AID (CONTINUED)

GIFTS - SCHOLARSHIPS (CONT'D)

Forestry - Scholarship

$

$ 100.00 $

$

$ 100.00

Gainesville Civitan Club Scholarship
Ga. Feed Assoc. - Sch. Edwin Gould - Scholarship Hadaway Union Bag - Scholarship

20.00 250.00

966.00 1,000.00

250.00 958.41 1,000.00

20.00 7.59

Harvey Union Bag - Scholarship Hiroe Horikawa - Scholarship Huckabee Auto - Scholarship I.F.C. - Scholarship Jaycees - Scholarship

1,000.00 500.00 200.00 180.00 250.00

1,000.00
200.00 180.00 250.00

500.00

Jewell Tea Company - Sch. Sallie Jones - Scholarship Joe Jordan - Scholarship

200.00

180.00 900.00 330.00

180.00 1,100.00
330.00

Kroger Grocery Company Scholarship
Jennie McBride - Scholarship

266.87

966.66 600.00

1,033.28 600.00

200.25

Dan McDougald Award Mortar Board - Scholarship G. H. Neimeyer - Art Niehaus - Savannah Bank Sch. Odille Ousley - Scholarship Poultry - Scholarship Readers Digest - Journalism Roosevelt Hi Scholarship Rosenblatt Fund - Scholarship Sears, Roebuck - Ag. Sears, Roebuck - Home Ec. Seedmans - Scholarship

25.00
(-- )266.64 50.20
247.71

112.56 290.00
700.00 450.00 1,733.32 1,000.00 235.32 352.42 2,316.66 750.00

112.56
25.00 598.83 404.00 733.32
235.32 352.42 1,649.% 799.94

290.00
101.17 46.00 1,000.00 1,000.00
400.06 .08
247.71

Shahbaz Parsa - Scholarship Sidki Sadik - Scholarship

400.00 200.00

400.00 100.00

100.00

Songsi Jutiwongsi - Sch. Soule Hall - Scholarship

150.00 80.00

150.00 80.00

Southeaster Fair Association Scholarship

180.00

180.00

Southern Assn. Ice Cream Mfg. -

Scholarship

1,000.00

St. Regis - Scholarship

1,000.00 800.00

1,000.00 800.00

1,000.00

Strain Feed & Coal Sch. Stu. Activities - Orchestra Union Bag Co. - Forestry

200.00 2,942.44
400.00

920.00 2,946.42

200.00 897.36 2,812.42

2,965.08 534.00

Univ. Foundation Award Various Sources - Music Various Sources - Pharmacy

553.69 226.71

1,400.00 63.18
760.00

1,400.00 793.36

616.87 193.35

Maud Warwick Fund - Sch. Welfare Assoc. - Lovett R. W. Woodruff - Forestry

474.42

400.00 250.00

400.00 250.00 180.00

294.42

TOTAL GIFTS & GRANTS - SCH.

$ 10.045.09 $ 34.602.23 $ 29.250.00 $___________$ 15.397.32

77

UNIVERSITY OF GEORGIA STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (CONTINUED)

Balance Beginning Of Year

Income For Year

Expenditures For Year

Transfers

Balance End Of Year

B. STUDENT AID (CONTINUED) ENDOWMENT - AWARDS W. J. Bryan - Prizes J. B. Connally - Prizes James C. Harris Award Geo. D. Kitzinger Award Isaac Meinhard Horace B. Russell Prize Cecil Willcox
TOTAL ENDOWMENT AWARDS
GIFTS - AWARDS Jesse Sayre - Award Stu. Activities - Prizes University of Georgia Foundation Award TOTAL GIFTS FOR AWARDS
TOTAL AWARDS
TOTAL STUDENT AID
Sub-Total
C. GENERAL EXTENSION Kellogg Foundation
TOTAL RESTRICTED FUNDS

$ 48.64 $ 320.77
668.98 60.71 94.97
(-)24.08
1.169.99 $

5.74 $ 76.82 14.38 311.82
4.08 55.00 772.50

5.74 $

$

380.37

746.68 J __________J _

48.64 397.59
14.38 600.43
64.79 149.97
1.74

1.240.34 $ 1.132.79 J>_________ $ 1.277.54

$ 200.00 $ 91.70
165.03 $ 456.73 $
1.626.72 $
12.219.37 $
$88,495.06 $

$ 60.00

$ 31.00

$ 200.00 120.70

37.16 97.16 $

15.42
46.42 J_____ $

186.77 507.47

1.337.50 1.179.21 $

_ 1 _ 1.785.01

55.809.23 $ 49.970.53 $

18.058.07

911,774.87 $762,289.46 $25,459.56 $212,520.91

88.495.06

$ 105.300.00 22.434.61 $ 1,,017.074.87

-4 CDU to tU o --4

$ 25.459.56

82.865.39 295.386.30

STATEMENT OF TRUST FUND BALANCES For Year Ended June 30t 1954

Endowment Funds____

Loan Funds

Miscellaneous Funds________

Balance of Principal, Beginning of Year (Including Incdmd'Not Transferred)
ADDITIONS Income on Investments Gifts Recoveries on Student Notes Transfers from Loan Funds Transfers from Endowment Funds Transfer from Ag. Ext. Service Profit - Sale of Real Estate

$2,390,762.76 $786,727.% $ 3,618.83

77,378.37 1,712.56
11,120.39
29,752.00

21,637.82 2,401.82 510.00
26,969.15

3,000.00 20,075.34
10,000.00

78

UNIVERSITY OF GEORGIA STATEMENT OF TRUST FUND BALANCES (CONTINUED)

Endowment Funds

Loan Funds

Miscellaneous Funds

ADDITIONS (CONTINUED) Sale - An. Telephone & Telegraph Rights Insurance Collected Sale - 1/4 Interest Ground Rent Property Transfer From Agency Account - University of Ga. Miscellaneous TOTAL ADDITIONS
DEDUCTIONS Transfers to Other Schools Transfers to University of Georgia Transfer to U.S. Treasury Transfer to Ag. Extension Service Transfers to Loan Funds Transfers to Endowment Funds Collection Costs Expenses of Trust Loss - Sale of Real Estate Purchase of Property Construction Work Miscellaneous Expenses TOTAL DEDUCTIONS
Balance of Principal, End of Year (Including Income Not Transferred)
GRAND TOTAL

$

225.60

600.00

500.00 57.68
J_ 121.346.60

$

$

666.66

70.90 $ 52.256.35 _J _ 33.075.34

$ 3,007.50 $

$

25,510.37 23,780.63

356.59

5,000.00

26,969.15

11,120.39

580.81

1,473.93

86.70

500.00

3,000.00

8,000.00

7.477.76

$ 57.460.95 $ 35.925.12 _J _ 23.477.76

$2,454,648.41 $803,059.19

13.216.41

$3.270.924.01

STATEMENT OF TRUST FUND BALANCE BY FUNDS For Year Ended June 30, 1954

ENDOWMENT FUNDS Fund for Advancement of Art Alumni Library Alumni Y.M.C.A. W. H. Bocock Charles H. Brand Charles M. Brown Henry W. Brown William J. Bryan Prize Bernice F. Bullard Elizabeth M. Bullard A. F. Churchill Memorial Edward T. Comer Hugh Moss Comer
Joe Brown Connally

Balance Beginning Of Year

Additions

Balance End Deductions Of Year

$ 8,530.02 11,033.% 13,469.64 412.21 1,191.60
521,871.74 27,789.90 247.89 28,856.28 54,538.92 33,960.93 359,892.53 2,575.00
2,465.53

$ 585.50 356.% 431.04 11.60 30.74
19,191.26 1,014.41 5,74 2,459.38 1,655.90 2,622.01 11,461.48 62.50
76.82

$ 58.50 356.% 431.04 9.28 30.74
3,274.72 781.30 5.74 912.02
1,041.53 10,308.24
76.82

$ 9,057.02 11,033.% 13,469.64 414.53 1,191.60
537,788.28 28,023.01 247.89 30,403.64 56,194.82 35,541.41
361,045.77 2,637.50 2,465.53

79

UNIVERSITY OF GEORGIA STATEMENT OF TRUST FUND BALANCES BY FUNDS (CONTINUED)

Balance
Beginning Of Year______Additions

Balance
End Deductions Of Ygar

ENDOWMENT FUNDS (CONTINUED) May E. Talmadge D.A.R. Richmond W. McCurry D.A.R. B.A. & T.N. Denmark William Stark Denmark Eugene and Harry Dodd Philip Feingold Franklin College Mary J. Franklin Ebb W. Callaher Memorial George R. Gilmer James C. Harris Award Harold Hirsch A. L. Hull Memorial Interfraternity Council Clyde L. Jr. & John King George D. Kitzinger Award Joseph Rucker Lamar Landscrip Francis A. Lipscomb Emma Long Lumpkin Law Joseph H. Lumpkine Charles F. McCay Hamilton McWhorter Award Dan MacDougald Award Edmund Magers Isaac Meinhard Bert Michael T. E. Mitchell Educational T. E. Mitchell - Georgia T. E. Mitchell - Coordinate Pearl C. Moon C. A. and H. B. T. Moon Music Scholarship George Foster Peabody Phelps - Stokes Fellowship Benjamin Z. Phillips - Law A. W. Reed Memorial H. L. Richmond Fellowship Horace B. Russell Edward S. Shorter Hoke Smith Memorial Martin R. Smith Prize 0. V. Smith William Terrell Berryman T. Thompson Lamar Trotti Jr. Scholarship Frances C. Tucker

$ 4,997.77 1,500.00
36,153.93 18,326.39
1,658.28 1,070.42 117,945.67 4,359.00 5,250.00 15,130.00

$ 120.28 39.02
1,276.94 510.28 48.98 32.98
8,588.87 134.15 125.00 .52
1,014.38

$; 120.28 39.02
1,276.94 289.10 45.28
8,534.54 134.15
480.52 14.38

$ 4,997.77 1,500.00
36,153.93 18,547.57
1,661.98 1,103.40 118,000.00 4,359.00 5,375.00 15,130.00 1,000.00

1,383.56 418.92
1,000.00 12,907.00 11,790.07 25,000.00 242,202.17
2,274.98 621.41
31,005.09 15,880.76 282,252.44

37.78 8.36
448.98 311.82 931.24 6,410.50
68.52 15.92 1,630.74 577.64 8,263.78 500.00

448.98 311.82 931.24 6,410.50
.28 318.78 487.64

1,421.34 427.28
1,000.00 12,907.00 11,790.07 25,000.00 242,202.17
2,343.50 637.05
32,317.05 15,970.76 290,516.22
500.00

112.56

112.56

102.79 971.36 850.00 139,991.26

2.50 33.00 37.16 4,559.26

2.50 4.36 37.16 4,415.26

102.79 1,000.00
850.00 140,135.26

44,089.34 3,167.34 2,239.74 45,016.94

27,557.92

2,016.70

1,873.98

27,700.64

2,519.17

77.32

37.78

2,558.71

2,534.16 2,265.00
466.53

78.11 163.46
14.62

37.78 63.46
6.15

2,574.49 2,365.00
475.00

17,372.13 14,427.11
4,973.15

443.18 679.68 152.26

435.51 150.57

17,815.31 14,671.28
4,974.84

30,243.95 1,913.13

943.00 55.00

2.84 55.00

31,184.11 1,913.13

9,597.75 4,597.93 4,058.97 62,848.48 20,130.00

672.50 77.24
121.74 901.24 727.18

500.00
6,355.42 727.18

9,770.25 4,675.17 4,180.71 57,394.30 20,130.00

13,498.85 3,471.40

668.38 387.60

380.07 306.00

13,787.16 3,553.00

76,643.37 35,732.27 4,676.01 107,699.63

80

UNIVERSITY OF GEORGIA STATEMENT OF TRUST FUND BALANCES BY FUNDS (CONTINUED)

ENDOWMENT FUNDS (CONTINUED) J. H. R. Washington Science Cecil Willcox - Prize Cecil Willcox - Loan TOTAL ENDOWMENT
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 Shephard F. Bryan Bernice F. Bullard Asa Candler Charles H. Candler Carroll County Dawson Chamberlin-Johnson-DuBose Charlton County Dawson Chatham County Dawson A. F. Churchill Memorial Citizens & Southern National Bank Class of 1926 Obadiah Lewis Cloud Mrs. J. H. Cloudman Cobb County Dawson W. 0. Collins Scholarship Columbia County Dawson Edward T. Comer Elijah Clarke D.A.R. D.A.R. Memorial May E. Talmadge D.A.R. R. W. McCurry D.A.R. Lila N. Jelke D.A.R. Edgar Gilmer Dawson

Balance Beginning Of Year

Additions

Balance End Deductions Of Year

$ 1,175.00 2,000.00 2.500.00
$2,390,762.76

$

70.00

52.50

66.26

$123,554.08

$ 52.50
66.26 $59,668.43

$ 1,245.00 2,000.00 2.500.00
$2,454,648.41

$

554.00 $

25.00 $

715.46

12.00

$ .28

579.00 727.18

425.00

10.98

435.98

1,443.04

57.45

1,500.49

1,682.35

56.82

1,739.17

222.05

5.00

227.05

507.47

15.50

522.97

1,646.06

45.98

1,692.04

176.86

4.26

181.12

1,062.23

15.71

1,077.94

189.87

5.38

195.25

469.35 1,022.67

10.62 5.35

479.97

.99

1,027.03

568.34

30.74

599.08

390.67

8.76

399.43

17,352.64

4,791.24 3,639.62

18,504.26

466.15

790.00

164.47

1,091.68

25.70

25.70

383.18

10.24

393.42

4,911.17

1,028.90 1,547.36

4,392.71

283.31

3.74

287.05

298.10

5.00

303.10

330.56

6.50

.28

336.78

684.08

16.47

.43

700.12

169.50

3.76

173.26

277.89

6.24

284.13

9,201.39

1,173.16 3,386.06

6,988.49

17,032.49

534.66

3.72

17,563.43

318.95

6.89

.43

325.41

5,432.38

134.50

60.28

5,506.60

359.59

7.50

367.09

274.59

5.24

.28

279.55

24.00

24.00

43.88

43.88

61,030.00 11,525.82 5,373.87

67,181.95

2,378.48

77.64

2,456.12

13,570.48

349.00

13,919.48

1,767.05

185.28

32.50

1,919.83

599.27

39.02

638.29

689.15

16.74

705.89

342,545.65 11,595.62 2,720.72

351,420.55

81

UNIVERSITY OF GEORGIA STATEMENT OF TRUST FUND BALANCES BY FUNDS (CONTINUED)

LOAN FUNDS (CONTINUED) DeKalb County Dawson William Stark Denmark Eugene and Harry Dodd Druid Hills Memorial J. C. Dukes - Home Economics J. C. Dukes - Agriculture J. C. Dukes - Business Administration Early County Dawson Elbert County Dawson Epsilon Sigma Pi Exchange Club of Atlanta W. W. Findley Lucy H. Fischer Charles W. Ford Forestry Loan 4-H Club Scholarship Freshman Y Commission Fulton County Dawson Georgia A. & W. P. Railroad Georgia Bankers Association Georgia Power Company Girls Canning Club Glynn County Dawson Grady County Dawson Hall County Dawson Hancock County Dawson James C. Harris Frank Hawkins A. L. Hull Memorial James H. Hunt Jasper County Dawson Mrs. Graham Johnson Bess D. Jones Sallie Maude Jones Junior League - Atlanta J. B. Keough Clyde L. Jr. & John King Kirkwood P.T.A. Joseph Rucker Lamar Landscape Architecture F. E. Lanier Laurens County Dawson F. A. Lipscomb Arthur Lucas Joseph H. Lumpkin McIntosh County Dawson Macon County Dawson Mr. & Mrs. T. 0. Marshall

Balance Beginning Of Year_______ Additions

Balance End Deductions Of Year

$

659.47 $ 185.62 $ 85.00 $

760.09

195.00

290.00

10.06

474.94

45.00

45.00

181.19

1.24

182.43

1,390.69

33.62

1,424.31

1,640.62

52.56

1,693.18

1,388.55

33.62

1,422.17

100.10

.74

100.84

779.69

17.74

.28

797.15

82.63

1.24

83.89

304.80

5.98

310.78

3,357.62

115.54

60.00

3,413.16

1,399.50

17.74

1,417.24

928.79

14.26

943.03

1,125.64

28.12

1,153.76

2,313.68

256.82

2,570.50

95.77

95.77

638.48

13.74

652.22

615.73

17.36

633.09

14,962.39

526.29

96.63

15,392.05

10,929.55

277.83

11,207.38

4,526.41

122.64

4,649.05

269.38

2.50

271.88

299.80

9.36

309.16

722.25

18.02

740.27

586.38

12.50

598.88

772.18

17.24

789.42

469.24

469.24

18.08

18-08

127,654.41

3,911.37

131,565.78

302.48

6.48

308.96

462.49

12.24

474.73

307.08

9.00

316.08

3,615.42

1,340.50

900.00

4,055.92

305.91

3.26

309.17

284.79

6.24

291.03

146.88

448.98

595.86

322.41

9.02

331.43

6,959.90

931.24 1,500.00

6,391.14

803.78

22.43

.45

825.76

43.31

43.31

486.55

13.74

500.29

152.74 568.55 2,234.44 984.91 1,145.82

1.88 487.22
56.98 27.38 33.77

90.00

154.62 965.77 2,291.42 1,012.29 1,179.59

82

UNIVERSITY OF GEORGIA STATEMENT OF TRUST FUND BALANCES BY FUNDS

LOAN FUNDS (CONTINUED) R. H. Martin Meriwether County Dawson Moina Mitchael Thomas E. Mitchell - Georgia Thomas E. Mitchell - Coordinate Moon Muscogee County Dawson R. C. Neely C. T. Nunnally Hubert Owens Scholarship J. Carroll Payne Phi Delta Phi B. Z. Phillips Law Scholarship J. T. Pittard Memorial A. W. Reed Memorial Bertha Rich Richmond County Boys Richmond County Girls E. Rivers James D. Robinson Rockdale County Dawson S. D. V. Fraternity Sale City Dawson Savannah District Dawson John D. Simmons Hoke Smith State Home Demonstration Students Student Veterans Mark Sullivan Sumter County Dawson Boys Sumter County Dawson Girls Tattndl County Dawson Telfair County Dawson Thomas County Dawson Berryman T. Thompson Meldrim Thompson Max Thurmond Memorial Toombs County Dawson Frances C. Tucker Leila Bates Tye U.S. Government Ware County Dawson Washington County Dawson Louis Wellhouse C. P. Whitehead Whitfield County Dawson Cecil Willcox Robert Woodruff
Ida Young
TOTAL LOAN FUNDS

Balance Beginning Of Year

Additions

Balance End Deductions Of Year

$

268.29 $

4.36 $

$

272.65

353.54

10.24

363.78

611.22

17.78

629.00

10,485.79

2,385.53 5,187.60

7,683.72

18,331.30

1,892.93 3,442.72

16,781.51

40.00

75.00

115.00

615.53

16.50

632.03

608.00

19.50

627.50

173.17

2.50

175.67

71.00

815.00

886.00

890.11

26.48

916.59

51.37

1.76

53.13

771.77

450.00

238.24

983.53

415l00

415.00

150.00

150.00

158.79

11.57

170.36

1,556.96

46.26

1,605.22

1,236.41

33.62

1,270.03

285.77

7.24

293.01

279.52

6.24

285.76

402.78

6.26

409.04

169.29

3.76

173.05

1,110.28

44.76

1,155.04

282.85

5.00

287.85

236.37

5.00

241.37

593.72

18.98

612.70

969.92

29.38

999.30

1,684.51

22.14

1,706.65

625.12

7.42

7.70

624.84

182.14

2.48

184.62

2,720.05

83.02

2,803.07

1,833.33

50.98

1,884.31

413.78

12.52

426.30

10.00 225.68

5.00

10.00 230.68

7,214.88

446.33

288.31

7,372.90

267.63

5.36

272.99

1,500.00

3.46

1,503.46

120.00

2.50

122.50

28,941.55

3,280.63 6,603.13

25,619.05

1,100.60

37.50

1,138.10

355.04

1.55

356.59

272.40

7.74

280.14

375.23

10.74

385.97

1,451.05

104.32

1,555.37

1,053.72

34.26

1,087.98

594.19

12.36

606.55

418.03

66.26

360.00

124.29

366.60

11.26

377.86

4.973.15

131.99

$ 786.727.96 $ 52.489.23 $36,158.00

5.105.14 803.059.19

83

UNIVERSITY OF GEORGIA STATEMENT OF TRUST FUND BALANCES BY FUNDS (CONTINUED)

Balance Beginning Of Year

Additions

Balance End Deductions Of Year

MISCELLANEOUS FUNDS

Georgia 4-H Club Foundation - General

$

Georgia 4-H Club Found. - Mills Bee Lane

Georgia 4-H Club Found. - Negro Camp

Georgia 4-H Club Found. - Rock Eagle

Georgia 4-H Club Foundation - Univ.

of Georgia Home

TOTAL MISCELLANEOUS FUNDS

3,407.84 $ 13,000.00 $13,788.15 $ 40.99 70.00 20,075.34 9,689.61

2,619.69 40.99
10,455.73

100.00

100.00

3.618.83 $ 33.075.34 $23,477.76 _ J _ 13.216.41

SUMMARY OF TRUST FUND INVESTMENTS For Year Ended June 30, 1954

ENDOWMENT FUNDS Bonds, U.S. Treasury Bonds, State and Municipal Bonds, State Hospital Authority Bonds, University System Building Authority Stocks, Common Real Estate, Atlanta Real Estate, Athens Loans on Fraternity Homes Loans - University of Georgia Buildings Loans - Mi Hedge Annex Wings Loans - Clarke Howell Wings Loans - Rutherford and Mary Lyndon Savings Account - Athens Federal Savings & Loan Association Amortization - Loss on Sale of Bonds TOTAL ENDOWMENT FUNDS
STUDENT LOAN AND MISCELLANEOUS FUNDS Bonds, U.S. Treasury Bonds, State Hospital Authority Bonds, University System Building Authority Stocks, Common Loans on Fraternity Homes Loans - University of Georgia Buildings Loans - Mi Hedge Annex Wings Loans - Clarke Howell Wings Loan - North Georgia College Loan - Georgia State College Loan - Catholic Student Center Loan - H. H. Hinton Property Notes Receivable - Student TOTAL STUDENT LOAN & MISCELLANEOUS FUNDS
TOTAL TRUST FUND INVESTMENTS

Book Value

Market Value

$ 822,800.00 141,000.00 113,625.00 515,461.50 20,304.65 18,645.00 11,400.00 28,532.94 189,910.02 258,819.18 267,492.70 54,000.00 1,777.00 8.282.80
$2.452.050.79

$ 784,019.30 44,667.00 119,238.12
539,515.35 28,744.25 35,650.00 25,000.00 28,532.94 189,910.02
258,819.18 267,492.70
54,000.00 1,801.15 8.282.80
$2.385.672.81

$ 118,380.00 $ 113,394.44

41,3175.00

43,236.88

44,438.50

46,504.65

1.00

82,740.36

82,740.36

103,594.69

103,594.69

83,494.30

83,494.30

330.52

330.52

33,405.09

33,405.09

22,694.64

22,694.64

12,619.98

12,619.98

12,115.94

12,115.94

124.317.75

124.317.75

$ 679.507.77 $ 678.449.24

$3,131,558.56 $3,064,122.05

84

UNIVERSITY OF GEORGIA
DETAIL OF ENDOWMENT FUNDS - BONDS For Year Ended June 30, 1954

STATE AND MUNICIPAL BONDS Atlanta, City of Columbus, City of Muscogee, County of Muscogee, County of Savannah, City of Savannah, City of Savannah, City of Georgia, State of - Constitutional Debt TOTAL STATE & MUNICIPAL BONDS
U.S. TREASURY BONDS U.S. Treas. - Series F U.S. Treas. - Series F U.S. Treas. - Series F U.S. Treas. - Series G U.S. Treas. - Series F U.S. Treas. - Series G U.S. Treas. - Series F U.S. Treas. - Series F U.S. Treas. - Series F U.S. Treas. - Series G U.S. Treas. - Series G U.S. Treas. - Series F U.S. Treas. - Series G U.S. Treas. - Series F U.S. Treas. - Series G U.S. Treas. - Series F U.S. Treas. - Series F U.S. Treas. - Series G U.S. Treas. - Series F U.S. Treas. - Series G U.S. Treas. - Series F U.S. Treas. - Series G U.S. Treas. - Series G U.S. Treas. - Series G U.S. Treas. - Series F U.S. Treas. - Series F U.S. Treas. - Series F U.S. Treas. -- Series G U.S. Treas. - Series G U.S. Treas. - Series G TOTAL U,,S. TREASURY BONDS

Rate of Maturity Interest Date

Book Value

Market Value

mm

7-1-56 9-1-54

$ 1,000.00 $ 1,067.00

5,000.00

5,000.00

mm

4-1-55 4-1-56

4,000.00 2,000.00

4,100.00 2,110.00

3%

12-15-59

1,000.00

1,120.00



8-1-55

1,000.00

1,030.00

8-1-59

27,000.00 30,240.00

100.000.00

$141,000.00 $ 44.667.00

2.53%
2.53%
2.53%
2^%
2.53%
^%
2.53%
2.53%
2.53%
m2^% m2.53%
2.93%
m
2.53%
2.93%
m m2.93% mm2.93% m
2.93%
2-7/8%
2.93%
mm
2J%

6-1-55 7-1-55 10-1-55 11-1-55 11-1-55 1-1-56 2-1-56 4-1-56 6-1-56 6-1-56 7-1-56 7-1-56 12-1-56 12-1-56 1-1-57 2-1-57 5-1-57 6-1-57 6-1-57 6-1-57 8-1-57 8-1-57 2-1-58 7-1-58 10-1-59 3-15-60 12-1-60 3-1-61 6-1-61 12-15-72-67

$ 1,000.00 1,325.00 200.00
52,000.00 50.00
39,150.00 50.00
1,800.00 ,350.00
37,000.00 10,850.00
200.00 33,825.00
1,000.00 1,000.00 38,100.00
175.00 1,200.00
100.00 14,255.00
50.00 500.00 500.00 407,750.00 740.00 1,000.00 740.00 75,390.00 100,000.00 2.500.00 $822,800.00

$ 913.00 1,209.72 182.86
50,5%. 00 45.00
38,092.95 44.35
1,596.60 ,310.45
35,890.00 10,459.40
172.80 32,708.78
974.00 974.00 32,804.10 150.61 1,156.80
84.80 13,841.60
42.40 488.50 479.00 390,624.50 981.00 798.75 978.00 70,911.83 94,060.00 2.447.50 $784,019.30

85

UNIVERSITY OF GEORGIA
DETAIL OF ENDOWMENT FUNDS - BONDS For Year Ended June 30, 1954

Rate of Maturity

Interest Date

Book Value

Market Value

STATE HOSPITAL AUTHORITY

Revenue Bonds

3&%

Revenue Bonds

3S$

Revenue Bonds

3%%

TOTAL STATE HOSPITAL AUTH. REV. BONDS

UNIV. SYSTEM BLDG. AUTHORITY REV. BONDS

Series 1953

3%

Series 1953

3%

Series 1953

3%

Series 1953

3%

Series 1953

3tyo

Series 1953

3J#

Series 1951

3%

Scries 1953

3!$

Series 1953

3^o

Series 1953

3%

Series 1953

3^o

Series 1953

3%%

TOTAL UNIV. SYSTEM BLDG. AUTH. REV. BONDS

TOTAL BONDS

4-1-61 4-1-62 4-1-66

$ 50,000.00 $ 52,750.00

50,000.00

52,250.00

13.625.00

14.238.12

113.625.00 $ 119.238.12

5-1-66 5-1-67 5-1-74 5-1-75 5-1-76 5-1-77 6-1-77 5-1-78 5-1-79 5-1-80 5-1-81 5-1-82

$ 125,000.00 $ 130,875.00

125,000.00

130,875.00

30,000.00

31,410.00

30,000.00

31,410.00

30,000.00

31,410.00

30,000.00

31,410.00

8,761.50

9,000.45

30,000.00

31,410.00

30,000.00

31,410.00

30,000.00

31,410.00

28,700.00

30,048.90

18.000.00

18.846.00

L. 515.461.50

539.515.35

$1,592,886.50 $i,.487.439.77

DETAIL OF ENDOWMENT FUNDS - COMMON STOCKS For Year Ended June 30, 1954

COMMON STOCKS American Telephone and Telegraph Company Blanchard and Booth Land Company of Florida Perkins Hosiery Mills General Motors Corporation Socony-Vacum Oil Company United Steel Corporation
TOTAL COMMON STOCKS

94 shares % share 5 shares
96 shares 50 shares 130 shares 60 shares

Book Value

Market Value

$11,188.20 1.00 1.00 1.00
2,501.60 3,819.29 2.792.56

$16,050.50
4,000.00 5,573.75 3.120.00

$20,304.65 $28,744.25

86

UNIVERSITY OF GEORGIA
DETAIL OF LOAN FUNDS - BONDS For Year Ended June 30t 1954

Rate of Maturity Book

Interest Date

Value

Market Value

U.S.TREASURY BONDS U.S. Treas. - Series G U.S. Treas. - Series G U.S. Treas. - Series G U.S. Treas. - Series G U.S. Treas. - Series F U.S. Treas. - Series G U.S. Treas. - Series G U.S. Treas. - Series G

2%%
m2%% m2.53% mm

TOTAL U.S. TREASURY BONDS

STATE HOSPITAL AUTHORITY BONDS

Revenue Bonds

m

Revenue Bonds

TOTAL STATE HOSPITAL AUTH. REV. BONDS

UNIVERSITY SYSTEM BUILDING AUTHORITY - REVENUE BONDS

Series 1951 Series 1953

m3%

Series 1953 Series 1953

mm

TOTAL UNIV. SYSTEM BLDG. AUTH. REV. BONDS

TOTAL BONDS

11-1-55 1-1-56 7-1-56
12-1-56 2-1-57 6-1-57 7-1-58 3-1-61

$ 38,000.00 850.00
14,150.00 9,175.00 4,900.00
10,745.00 15,950.00 24.610.00

$ 36,974.00 827.00
13,640.60 8,872.22 4,218.90
10,433.40 15,280.10 23.148.17

$118.380.00 $113.394.44

4-1-65 $ 15,000.00 $ 15,675.44

4-1-66

26.375.00 27.561.88

$ 41.375.00 $ 43.236.88

6-1-77 5-1-81 5-1-82 5-1-83

$ 1,138.50 1,300.00
12,000.00 30.000.00

$ 1,169.55 1,361.10
12,564.00 31.410.00

$ 44.438.50 $ 46.504.65

$204.193.50 $203.135.97

DETAIL OF LOAN FUNDS - COMMON STOCK For Year Ended June 30, 1954

COMMON STOCK Pittsburg Piacer Gold Mine Company
TOTAL COMMON STOCK

200 shares

Book Value

Market Value

o

1_

1.00 $

87

UNIVERSITY OF GEORGIA
STATEMENT OF RECEIPTS AND DISBURSEMENTS - TRUST FUNDS For Year Ended June 30, 1954

RECEIPTS INVESTMENT REALIZED
Bonds (Gift) Loan - Univ. of Georgia Buildings Loan - Clarke Howell Wings Loan - Mi Hedge Annex Wings Loan - Fraternity Homes Loan - H. H. Hinton Property Loan - North Georgia College Loan - Georgia State College Loan - Catholic Center Sale - American T. and T. Rights Sale - Real Estate Sale - Miscellaneous Items Profit on Sale, Real Estate Amortization - Loss on Bonds Student Loans
TOTAL INVESTMENT REALIZED
INCOME FROM TRUSTS Interest on Bonds Interest - University of Ga. Bldgs. Interest - Clarke Howell Wings Interest - Milledge Annex Wings Interest - Fraternity Homes Interest - H. H. Hinton Property Interest - North Georgia College Interest - Georgia State College Interest - Catholic Center Dividends Rents Interest - Student Loans Interest - Savings Account Insurance Collected TOTAL INCOME FROM TRUSTS
FUND. TRANSFERS To From NET TRANSFERS
MISCELLANEOUS Gifts Recoveries Miscellaneous TOTAL MISCELLANEOUS

Endowment Funds

Loan Funds

Miscellaneous

Funds

Totals

$ 1,000.00 $

$

25,620.72 17,048.11

6,241.18

7.68

6,027.34

1,944.36

2,116.42

3,774.26

610.97

958.83

1,297.24

449.69

225.60

5,355.00

25.00

29,752.00

666.66

1,149.00

20.802.45

77.512.26 $ 47.560.25 $

$ 1,000.00 42,668.83 6,248.86 7,971.70 5,890.68 610.97 958.83 1,297.24 449.69 225.60 5,355.00 25.00 30,418.66 1,149.00 20.802.45
$125,072.51

$ 49,641.28 $ 5,817.85 $

6,465.95

3,619.25

8,212.00

10.16

7,945.40

2,563.16

1,379.22

3,894.04

439.03

1,030.92

719.76

588.14

1,518.50

2,189.02

201.25

2,987.14

27.00

600.00

n 77.978.37 $ 21.870.70 $

3,000.00 3.000.00

$ 55,459.13 10,085.20 8,222.16 10,508.56 5,273.26 439.03 1,030.92 719.76 588.14 1,518.50 5,390.27 2,987.14 27.00 600.00
$102,849.07

$ 11,120.39 $ 26,969.15 $ 26.969.15 11.120.39
liz )15.848.76 $ 15.848.76 $

10,000.00 $ 48,089.54 5.000.00 43.089.54 5.000.00 $ 5.000.00

$

712.56 $ 2,401.82 $ 20,075.34 $ 23,189.72

510.00

510.00

32.68

70.90

103.58

745.24 _ L 2.982.72

20.075.34 $ 23.803.30

88

UNIVERSITY OF GEORGIA STATEMENT OF RECEIPTS AND DISBURSEMENTS - TRUST FUNDS (CONTINUED)

Endowment Funds

Loan Funds

Miscellaneous

Funds

Totals

TOTAL RECEIPTS Cash Balance July 1, 1, 1953

$ 140,387.11 $ 88,262.43 $28,075.34 (-)43.509.19 106.479.73 3.618.83

$256,724.88 66.589.37

TOTAL RECEIPTS AND CASH BALANCES

$ 96.877.92 $194,742.16 $31,694.17

$323,314.25

DISBURSEMENTS INVESTMENTS
Loan - Rutherford Hall Loan - Mary Lyndon Hall Bonds Purchased Loss on Sale, Real Estate Deposit in Savings Account Student Loans Miscellaneous

$ 20,000.00 34,000.00 8,761.50 500.00 1,027.00

$

$

1,138.50

45,247.51 18.477.76

$ 20,000.00 34,000.00 9,900.00 500.00 1,027.00 45,247.51 18.477.76

TOTAL INVESTMENTS

$ 64.288.50 $ 46.386.01 $18,477.76

$129,152.27

EXPENSES OF TRUST Salary of Trustee Repairs Insurance Collection Costs Transfers to University of Georgia Transfers to Other Schools Transfers to U.S. Treasury Premium on Bonds Miscellaneous

$

825.00

388.78

77.57

25,510.37 3,007.50

25.08 157.50

$

75.00 $

580.81 23,780.63
356.59 3.25 8.45

$ 900.00 388.78 77.57 580.81
49,291.00 3,007.50 356.59 28.33 165.95

TOTAL EXPENSES OF TRUST

$ 29.991.80 $ 24.804.73 $

$ 54.7%.53

TOTAL DISBURSEMENTS Cash Balance June 30, 1954

L 94.280.30 $ 2.597.62

$ 71.190.74 $18,477.76 $123,551.42 $13,216.41

$183,948.80 $139,365,45

TOTAL CASH BALANCE AND DISBURSEMENTS

$ 96.877.92 $194,742.16 $31,694.17

$323,314.25

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

CURRENT FUNDS General Restricted - General Auxiliary General Extension TOTAL CURRENT FUNDS
AGENCY FUNDS

Cash Balance Julv 1. 1953 Receipts

Cash Balance Disbursements June 30. 1954

$ 319,391.13 88,495.06
245,437.67 34.763.10
$ 688.086.%

$3,063,250.50 1,017,074.87 1,147,305.58 402.254.47
$5,629,885.42

$3,165,004.82 810,183.63
1,234,572.69 438.853.50
$5,648,614.64

$ 217,636.81 295,386.30 158,170.56 (-)1.835.93
$ 669.357.74

$ 314.7%. 17 $1,210,989.28 $1,189,136.22

336.649.23

89

UNIVERSITY OF GEORGIA STATEMENT OF CHANGES IN CASH BALANCES (CONTINUED)

PLANT FUNDS
TRUST FUNDS Miscellaneous Endowment Loan TOTAL TRUST FUNDS
TOTALS

Cash Balance July 1. 1953 Receipts

Cash Balance Disbursements June 30. 1954

$ 920.792.91 $ 9 % . 313*. 12 $ 472.613.90 $1,444,492.13

$ 3,618.83 $ 33,075.34 $ 23,477.76 $ 13,216.41

(->43,509.19

189,700.16

143,593.35

2,597.62

106.479.73

99.679.25

82.607.56

123.551.42

$ 66.589.37 $ 322.454.75 $ 249.678.67 $ 139.365.45

$1,990,265.41 $8,159,642.57 $7,560,043.43 $2,589,864.55

SUMMARY Cash and Cash Balances General Restricted, Auxiliary , Plant, General Extension and Agency Citizens & Southern National Bank, Athens National Bank of Athens Cash on Hand
Trust Funds National Bank of Athens Citizens & Southern National Bank, Atlanta Cash on Hand
TOTAL

$1,079,050.00 1,354,836.60 16.612.50 $2,450,499.10
$ 53,251.27 86,003.08 111.10 $ 139.365.45
$2,589,864.55

Alpha Gamma Rho Alpha Phi Omega Alpha Tau Omega Alumni Society Art Auction Art Exhibit Atlanta Constitution Bacteriology Breakage Tap Bennett Portrait Biology Breakage Breakage - General Bureau Business Research Chemistry Breakage Commemorative Plates Community Concert Commutations
Conf. & Inst.
Cosmopolitan Club

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Cash Balance Receipts July 1. 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

$

949.17 $

50.00

940.48

753.62 .18
215.00 174.58
9.00

11,057.52 54.91
15,172.77 784.50
(->992.43 33,335.93

1,650.00 $
1,376.00 3,000.00 2,012.03
100.00
195.64
136.20 9,809.74
4,985.68 89.62
6,021.93 30,243.93 12,710.02
150.50

2,043.25 $
1,616.99 3,000.00 1,568.46
97.37 100.00 183.27
9.00 18.59 8,542.73
12,796.70 1.22
5,029.50 52,279.30
2,520.28 150.50

555.92 50.00
699.49
1,197.19 2.81
115.00 186.95
117.61 12,324.53
54.91 7,361.75
872.90
20,300.56 10,189.74

90

UNIVERSITY OF GEORGIA STATEMENT OF AGENCY FUNDS (CONTINUED)

Cash Balance Receipts July 1. 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

Delta Kappa Gamma Demonstration School Cafe Displaced Persons Employees Retirement Exec. Dev. Project Experimental Forestry Faculty Flowers Family Life Conference Farm Short Course Federal Housing Project Foreign Student Fund Forestry Camp Founders Memorial Garden G.E.B. Southern Educational Film G-10 Sesquicentennial Georgia Power Company Georgia Power Company Rights Gift for Pharmacy Joan Grougrou John Hancock Insurance Rsv. H. Hirsch Hall Fund Home Ec. School Lunch Home Management Industrial Arts Interfraternity Council Intramural Jarnagin Portrait Kappa Alpha Laundry Lectures Lectures - Scientific M.S.A. Short Course Military Deposit Model Fee Mortar Board Movie Project Music Panhellenic Council Pegis Club PhD Thesis Phi Epsilon Pi Physics Breakage Pi K.A. Pi Kappa Phi Portrait Account Psychological Corporation Religious Activities Reserve Red & Black

$

4.75 $

1,873.27

(-1754.93

143.80

624.07 30.25
192.83 1,067.18 11,823.36
132.02 1,060.65
58.36 3,928.62 6,752.90
11.01 150.00 128.66

15,270.32

1,305.08 3,804.27
619.57 3,551.02
185.03

586.00 198.05

$ 26,439.69
763.65 1,458.20 7,465.05 1,859.%
20.67 100.00 1,949.86 1,000.00
756.00 1,215.00 12,678.85
250.00
537.50 20,846.88
2,% 8 .64 600.00
9,054.83 1,444.84 9,719.79 4,518.00
551.42 1,710.00 61,381.%
800.00

$ 25,689.55
8.72 1,481.40 6,913.33 2,236.64
43.05 269.30 1,202.48
132.02 808.20 916.13 12,305.56 2,181.65
537.50 28,703.91
316.10
12,039.22 1,555.87 8,671.48 4,150.13 551.42 76.80
59,4%.% 775.09

(-11,159.48 37,342.80 13.81
1,609.19 14,439.04
1,76 550.00 1,116.98 1,163.73 621.23
182.20
1,959.65 4,855.61

4,013.16 102,552.35
103.00 786.03 2,400.00 13,230.15 2,294.92
100.00 1,722.00
8.75 2,655.12 2,286.12
30.75 1,018.93 5,850.00

1,667.24* 101,437.52
85.00 689.Q4 2,122.41 10,705.52 895.28
1.76 140.40 2,347.00 143.86 3,222.35 1,538.12
30.75 789,01 5,673.32 128.46

*$720.26 of this amount transferred to Educational and General.

4.75 2,623.41
120.60 551.72 247.39
7.87 23.53 1,814.56 12,823.36
1,008.45 357.23
4,301.91 4,821.25
11.01 150.00 128.66
7,413.29 2,652.54 1,905.08
819.88 508.54 4,599.33 552.90
1,633.20 2,471.00
222.%
1,186.44 38,457.63
31.81 %.99 1,886.78 16,%3.67 1,399.64
509.60 491.98 1,028.62
54.00 748.00 182.20 229.92 2,136.33 4,727.15

91

UNIVERSITY OF GEORGIA STATEMENT OF AGENCY FUNDS (CONTINUED)

Royal Indemnity Company Sales Tax - Animal Husbandry Sales Tax - Creamery Sales Tax - Dining Halls Sales Tax - Exper. Forestry Sales Tax - Horticulture Sales Tax - Meat Curing Sales Tax - Poultry Sales Tax - Press Sales Tax - Printing Sales Tax - Student Union Sales Tax - University Stores Shorter Fund Sigma Delta Tau Sigma Nu Sigma Pi Sou. Regional Poultry Breeding State Home Demonstration Student Activities - Dir. Student Activities - General Student Clubs Student-Faculty Teas Student Fund - Dean's Office Student Fund for Men Student Fund for Women Student Papers Student Union Study of Georgia Negro Traffic Fine Typing Vet. Thesis Unallocated - Student Activities University Band University Theatre Vending Machine Vet. Hygiene Breakage Vet. Medicine Library Vocational Rehabilitation White House Conference Workshop Lunchroom

Sub-Total

Retirement

,

Social Security

Withholding Tax

TOTALS

Cash Balance Receipts July 1. 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

$

$

20.00 $

20.00 $

.32

.32

67.02

2,019.31

2,058.24

28.09

11.65

1.16

10.49

1.54

15.99

14.78

2.75

12.18

149.17

155.03

6.32

224.19

934.46

987.30

171.35

.04

.04

37.62

75.62

67.30

45.94

5.08

148.79

153.87

11.05

299.84

297.22

13.67

94.86

7,764.95

7,771.63

88.18

179.71

502.40

554.19

127.92

(->103.14

1,453.14

1,153.14

196.86

1,713.00

5,095.95

4,470.47

2,338.48

(->1.76

2,891.46

2,840.88

48.82

510.00

33,125.78

16,890.00

16,745.78

11.53

169.80

23.19

158*14

2,600.00

2,445.04

154.96

46,246.50

108,833.64

109,582.19

45,497.95

109.00

1,700.00

1,700.00

109.00

64.25

50.00

23.91

90.34

83.32

3,325.54

3,040.39

368.47

742.13

742.13

139.39

139.39

4,040.32

21,000.00

21,000.00

4,040.32

2,030.93

22,810.04

17,853.65

6,987.32

175.00

175.00

672.68

2,544.50

2,652.15

565.03

(-)539.80

1,576.77

940.21

96.76

433.34

433.34

(->167.97

3,515.00

3,221.22

125.81

5,361.61

1,680.15

3 ,,681.46

212.54

212.54

157.61

191.64

263.22

86.03

297.20

230.00

527.20

345.65

320.00

320.00

345.65

59.75

59.75

151.68

15L68

235.976.30 $ 619.348.76 $ 595.698.76 $ 259.626.30

$ 20,976.67 $ 146,383.46 $ 145,594.77 $ 21,488.36

2,759.11

41,559.69

41,167.69

3,151.11

55.361.09

403.697.37

406.675.00

52.383.46

$ 314.7%. 17 $1,210,989.28 $1,189,136.22 $ 336.649.23

92

UNIVERSITY OF GEORGIA
STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

BALANCE, BEGINNING OF YEAR
ADDITIONS: GOVERNMENTAL APPROPRIATIONS State of Georgia
OTHER INCOME Gift - For Gilbert Memorial Hospital Rents University System Building Authority Refund of Architects* Fees Interest on Teaporary Investaents
TOTAL OTHER INCOME
TRANSFERS FROM EDUCATIONAL AND GENERAL For Terrell Hall Fuae Heads For Painting - General For Baldwin Hall Bacteriology For Band For Dozier Property For Repairs - Other For Luapkin Street - Buildings For Luapkin Street - Repairs For Repairs Other - Restricted For Law Equipment For Bussey House - Jackson Street For Debt Service
TOTAL TRANSFERS FROM GENERAL FUNDS
TRANSFERS FROM GENERAL EXTENSION For Continuing Education Center
TRANSFERS FROM AUXILIARY ENTERPRISES For Cafeteria - Book Store - Memorial Hall For Debt Service
TOTAL TRANSFERS FROM AUXILIARY FUNDS
TRANSFERS FROM TRUST FUNDS For Mary Lyndon & Rutherford
TOTAL ADDITIONS
DEDUCTIONS LAND Wood and Fleming Property Dozier Property - Jackson Street
TOTAL LAND
93

Plant Additions______Debt Service Total

$ 920.792.10 $

.81 $ 920.792.91

$ 630.000.00 $

$ 630.000.00

$ 10,000.00 $ 6,491.36
10,031.76 9.852.97
$ 36.376.09 $

$ 10,000.00 6,491.36
10,031.76 9.852.97
$ 36.376.09

$ 1,200.00 $ 5.000. 00

$ 1,200.00 5.000. 00

5.000. 00

5.000. 00

2.000. 00

2.000. 00

4.000. 00

4,000.00

4.000. 00

4.000. 00

6,147.03

6,147.03

470.00

470.00

9.620.00

9.620.00

1.500.00

1.500.00

7.000. 00

7.000. 00

8.000.00

8.000. 00

$ 45.937.03 $ 8.000.00 $ 53.937.03

$ 130.000.00 $

$ 130.000.00

$ 100,000.00 $

$ 100,000.00

78.573.48

78.573.48

$ 100.000.00 $ 78.573.48 $ 178.573.48

$ 54.000.00 $

1 54.000.00

$ 996.313.12 $ 86.573.48 $1,082,886.60

$

191.81 $

6.388.00

JL 6.579.81 $

$

191.81

6.388.00

$ 6.579.81

UNIVERSITY OF GEORGIA STATEMENT OF UNEXPENDED PLANT FUNDS (CONTINUED)

DEDUCTIONS (CONTINUED) BUILDINGS AND ADDITION TO BUILDINGS Continuing Education Center Lumpkin Street Mary Lyndon - Addition Memorial Hall Poultry Disease Rutherford Hall - Addition Sheep Barn Stegeman Hall Veterinary Medicine Building
TOTAL BUILDINGS AND ADDITIONS
IMPROVEMENTS OTHER THAN BUILDINGS Gas Maine Grounds and Walks Heating System - Central Paving Parking Lots
TOTAL IMPROVEMENTS OTHER THAN BUILDINGS
EQUIPMENT Band Law Library Stokers
TOTAL EQUIPMENT
TOTAL EXPENDITURES FOR PLANT ADDITIONS
REPAIRS (Not Capitalized) Academic Building Architects Fees and Plants Barracks Barrow Hall Brown Dormitory Candler Hall Chapel Conner Hall Fine Arts Gilbert Memorial Infirmary Law Library - Air Conditioning Law Annex Law - Graduate Dormitory Library - South Branch Mary Lyndon - Rutherford Milledge Hall Moore College New College Old College
94

Plant Additions______Debt Service Total

$

260.00 $

31,724.27

648.10

13,460.00

77.30

2,751.65

241.42

131,938.05

23.469.54

$

260.00

31,724.27

648.10

13,460.00

77.30

2,751.65

241.42

131,938.05

23.469.54

$ 204.570.33 J ______ ______ L. 204.570.33

$ 3,217.58 $ 13,247.54 40,916.81 493.88
1 _ 57.875.81 $

$ 3,217.58 13,247.54 40,916.81 493.88
$ 57.875.81

$

1,134^39 $

7 ,1 2 8 .7 8

3 ,6 7 5 .0 3

783.24

$

1 ,1 3 4 .3 9

7 ,1 2 8 .7 8

3 ,6 7 5 .0 3

783.2a

$ 12.721.44 $

$ 12.721.44

$ 2 8 1 .7 4 7 .3 9 _________ __________$ _ 2 8 1 .7 4 7 .3 9

$ 28,012.09 $ 94.50
8,560.81 1,701.60
111.18 18,780.10
200.00 3,144.15 2,660.25 2,500.45
125.00 13,269.02
3,551.30 85.65 117.51
17,049.04 3,222.00 4,300.00 3,690.12

$ 28,012.09 94.50
8,560.81 1,701.60
111.18 18,780.10
200.00 3,144.15 2,660.25 2,500.45
125.00 13,269.02
3,551.30 85.65 117.51
17,049.04 3,222.00 4,300.00 3,690.12

UNIVERSITY OF GEORGIA STATEMENT OF UNEXPENDED PLANT FUNDS (CONTINUED)

DEDUCTIONS (CONTINUED) REPAIRS (CONTINUED) Peabody Hall Physical Education Soule Hall Terrell Hall Other Lumpkin Street Property Poultry TOTAL REPAIRS
DEBT SERVICE Interest on Indebtedness Indebtedness Retired TOTAL DEBT SERVICE
TOTAL DEDUCTIONS
BALANCE, END OF YEAR

Plant Additions

Debt Service Total

$ 1,817.82 $ 93.60
7,919.76 22,573.31 46,652.68
505.50 129.07 $ 190.866.51 $

$ 1,817.82 93.60
7,919.76 22,573.31 46,652.68
505.50 129.07 $ 190.866.51

$

$ 28,999.79 $ 28,999.79

57.573.69

57.573.69

!_

$ 86.573.48 $ 86.573.48

$ 472.613.90 $ 86.573.48 $ 559,187.38

$1,444,491.32 $

.81 $1,444,492.13

STATEMENT OF OPERATIONS OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

LAND Dozier Property Wood-Fleming Property

Balance July 1. 1953 Transfers

Receipts

Balance Disbursements June 30. 1954

$

$

(-)66.50

$ 6,425.00 $ 566.50

6,388.00 $ 191.81

37.00 308.19

BUILDINGS Vet. Med. Completion Architects Fees Lumpkin St. Property Memorial Hall American Legion Sheep Barn Poultry Disease Stegeman Hall Bussey House - Jackson St. Art Museum Kellogg Center - Other Kellogg Center - State May Lyndon - Trust Rutherford Trust Print Shop

27,593.85 2,808.89 1,235.37
77,000.00 258.25 426.01
297.55

1,778.76 29,221.24 33,445.00 100,000.00

272,000.00 60,000.00 70,000.00
(-J297.55

7,000.00
130,000.00 600,000.00
34,000.00 20,000.00

23,469.54
31.724.27(1) 13,460.00
241.42 77.30
131,938.05
260.00 648.10 2,751.65

4,124.31 2^808.89
511.10 119,985.00
77,000.00 16.83
348.71 140,061.95
7,000.00 60j000.00 200j000.00 599 i740.00 33,351.90 17j248.35

(1) 898 Lumpkin 320 Lumpkin
1260 Lumpkin 1324 Lumpkin 1334 Lumpkin

$ 17.78 1,458.60
13,188.25 1,562.14
15.497.50

$31,724.27

95

UNIVERSITY OF GEORGIA

STATEMENT OF OPERATIONS OF UNEXPENDED PLANT FUNDS (CONTINUED)

j

Balance July 1. 1953 Transfers

Receipts

Balance Disbursements June 30. 1954

IMPROVEMENT OTHER THAN BLDG.

Gas Main

$ 111 131.66 $

Grounds & Walks - Gen.

368.94

Heating System

37, 527.36

Grounds and Walks -

General (State)

12, 878.60

Paving Parking Lots

614.23

Grounds & Walks - Pres.

.25

Pastures & Fences

12.80

$ 3,512.30
(-- ). 25 (-)12.80

EQUIPMENT

Gilbert Memorial Infirmary

Stokers - Military; Library;

Land

783.24

Law

4 000.00

Law School - Other

Printing Pharmacy

21.17

Band New Heating System - Academic 115.10

Library

3 ,675.64

Candler Hall

10 ,000.00

Baldwin Hall

5.06

297.55 (->21.17
(-U15.10
(-)10,000.00 (-)5.06

10,000.00 5,050.00 2,000.00

REPAIRS State

135 ,101. 63

Academic Bldg.

Barracks

Barrow Hall

Brown Dormitory

Candler

Chapel

Conner

Fine Arts

Gilbert Infirmary

Law Library - Air Cond.

Law Annex

Law Dormitory

Library - South Branch

Mary Lyndon - Rutherford

Mi Hedge

Moore College

New College

Old College

Peabody Hall

Physical Education

Soule

Terrell

Architects Fees and Plants

Elec. Engr. Fees

(-)135,101.63 23,737.09 6,030.28 1,701.60 111.18 16,480.10 200.00 12,329.00 2,660.25 3,176.45 5,400.00 5,343.90 4,178.00 1,344.65
17,049.04 3.222.00 4.300.00 3,690.12 1,817.82 93.60 7,919.76 14,316.79

4,275.00 2,300.00
7,925.12 2,617.51
8,652.00 500.00
3,730.37

3,217.58 $ 368.94
40,916.81
12,878.60 493.88

7,914.08 122.85
120.35

783.24 3,997.05 3,131.73
1,134.39 3,675.03

10,000.00
2.95 1,918.27
297.55 865.61
.61

28,012.09 6,030.28 1,701.60 111.18 18,780.10 200.00 3,144.15 2,660.25 2,500.45 125.00 13,269.02 3,551.30 85.65 117.51 17,049.04 3,222.00 4,300.00 3,690.12 1,817.82 93.60 7,919.76 22,573.31 94.50

9,184.85 676.00
5,275.00 626.70
1,259.00 2,500.00
395.48 405.50 3,730.37

j i
9 W,
;9
I
1
19
J #

t %

UNIVERSITY OF GEORGIA STATEMENT OF OPERATIONS OF UNEXPENDED PLANT FUNDS (CONTINUED)

REPAIRS (CONTINUED) Other Candler Lumpkin St. Property Poultry Barracks - Auxiliary
SUB-TOTAL
UNEXPENDED PLANT FUNDS
TOTAL PLANT FUNDS

Balance July 1. 1953 Transfers

Receipts

Balance Disbursements June 30. 1954

$ 48,486.29 60,000.00
1,351.11 2.530.53

$ (-)60,000.00

$ 17,757.70 470.00

$ 46,652.68
505.50 129.07 2.530.53

$438,157.03 $ 367.635.88 $995,436.24 $472,613.90

$920,792.91 $

$996,313.12 $472,613.90

$920,792.91 $

$996,313.12 $472,613.90

$ 19,591.31 (-)35.50 1,222.04
$1,328,615.25 $1,444,492.13 $1,444,492.13

SUMMARY OF INVESTMENT IN PLANT As of June 30, 1954
VALUE OF PLANT JULY 1, 1953
ADDITIONS DURING YEAR Expended from Plant Funds Expended from Educational and General Expended from General Extension Expended from Auxiliary Enterprises Expended by University System Building Authority
TOTAL ADDITIONS
VALUE OF PLANT JULY 1, 1953 PLUS ADDITIONS
DEDUCTIONS DURING YEAR Four-H Club - Written Off Architectural Plan Assigned to Building Authority
VALUE OF PLANT JUNE 30, 1954
DEDUCT PLANT INDEBTEDNESS Due to University of Georgia Trust Funds Due to Medical College of Georgia Trust Funds Equity of University System Building Authority
NET INVESTMENT IN PLANT

$ 281,747.39 220,300.92 10,057.52 17,684.49 435.362.58
$ 957,641.41 5,445.07
3.650.782.73

$18,024,039.94
965.152.90 $18,989,192.84
3,000.00 4.881.83 $18,981,311.01
$ 4.613.869.21 $14.367.441.80

97

UNIVERSITY OF GEORGIA
STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

LAND

Franklin Campus

37 Acres

13 Acres

13 Acres (Jackson

,)

7 Acres (Prince Avenue)

College of Agriculture

150 Acres

Coordinate Campus

40 Acres

TOTAL CAMPUS

Off-Campus 150 Acres 870 Acres
1875 Acres 462 Acres 607 Acres 120 Acres

(Denmark)** * (Whitehall) (Hardman) (Watson) (Wood-Fleming)

TOTAL OFF-CAMPUS

TOTAL LAND

Investment

Year

Beginning

Acquired Of Year

Investment End Of Additions Deductions Year _____

1804 1937-38 1937-42 1949

$ 55,500.00 19,500.00 25,000.00 7,000.00

$ 6,388.00

1928

45, 000. 00

1860

45, 600. 00

$197, 600. 00 $6 ,388. 00 $ ...

1914 1928 1936 1936 1933 1953

$ 7,,500.,00 $ 32,,650.,00 17,,570.,00 2,,500..00 9,,000..00 13,,666..50

$ 191..81

$ 82,,886,.50 $ 191..81 $

$280,,486,.50 $6 ,579,.81 _1_____

$ 55,500.00 19.500.00 31.388.00 7,000.00
45,000.00
45.600.00
$203,988.00
$ 7,500.00 32,650.00 17,570.00 2,500.00 9,000.00 13.858.31
$ 83.078.31
$287,066^31

**This tract bought by Denmark Dining Hall and later deeded to the Trustees.
This acreage was composed of over 50 small parcels of land bought with assistance of George Foster Peabody by the Trustees of the Alumni Association and deeded to ^ l i a T T * 4 iro i* c i t v n 1928 in a single deed.

UNIVERSITY OF GEORGIA STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Investment

Year

Beginning

Acauired Of Year

Additions

Investment End Of Deductions Year

B. BUILDINGS

1

Franklin Campus

Academic Art Classroom

1904

$ 180,270.01 $

$

1948

24,144.35

Athletic Office

1929

1,000.00

9

Baldwin Hall Boiler Room

1938 1948

287,872.74 2,565.00

9

Brown Dormitory

1932

150,000.00

Bus. Admin. Annex

1948

29,622.05

Candler Hall

1901

101,356.71

Chapel

1855

40,000.00

jj

Chemistry Annex

1948

48,360.44

Clarke Howell

1937

46,888.00

>
A

Clarke Howell Wings Commerce-Journalism

1951 1927

283,638.33 524,646.12

Costa Building

25,146.25

Demosthenian Hall

1824

15,000.00

Denmark Hall

1901

50,000.00

Field House A

1929

2,000.00

Field House B

1929

1,000.00

21

Fine Arts

1941

365,200.00

)

Garage and Shop

1942

13,811.38

Graduate Dormitory

1940

70,600.00

Greenhouse Hirsch Law Infirmary (Gilbert)

1948 1932 1942

19,038.59 175,522.48 256,866*26

Language and Letters

1938

148,000.00

LeConte Hall

1937

95,300.00

Library - Peabody

1903

159,694.66

is

Library Annex

1948

43,137.34

I

Lumpkin House

1850

11,828.07

Lumpkin House Annex

1950

800.00

Lustrat House

1947

11,000.00

Meigs Hall

1905

60,000.00

Memorial Hall

1923

386,721.52

Memorial Hall

1953-54

6,555.00 13,460.00

J

Military Building

1931

25,000.00

>1

Mi Hedge Hall

1921-39

150,000.00

Student Union

5,760.00

Ilah D. Little Memorial

Library (B.A.)

1953

1,813,643.54 54,172.91

Mi Hedge Annex

1940

92,000.00

Mi Hedge Annex Wings

1951

362,221.23

J

Moore College

4

New College

1874 1823

78,366.29 83,125.65

Old College

1801

101,356.72

Peabody Hall

1913

101,087.11

Phi Kappa Hall

1834

10,000.00

Printing Shop

1951

14,702.74

Reed House
& 1 *

1807

5,000.00

$ 180,270.01 24,144.35 1,000.00
287,872.74 2,565.00
150,000.00 29,622.05
101,356.71 40,000.00 48,360.44 46,888.00
283,638.33 524,646.12
25,146.25 15,000.00 50,000.00
2,000.00 1,000.00 365,200.00 13,811.38 70,600.00 19,038.59 175,522.48 256,866.26 148,000.00 95,300.00 159,694.66 43,137.34 11,828.07
800.00 11,000.00 60,000.00 386,721.52 20,015.00 25,000.00 150,000.00 5,760.00
1,867,816.45 92,000.00
362,221.23 78,366.29 83,125.65
101,356.72 101,087.11
10,000.00 14,702.74 5,000.00

99

UNIVERSITY OF GEORGIA STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Investment

Year

Beginning

Acquired Of Year

Additions

Investment
E"d Deductigns__Of_Jear__

B. BUILDINGS (CONTINUED)

Franklin County (Continued)

Reed Hall (Bldg. Auth.)

1953

Residence - 325 Jackson 1937-42

Residence - 365 Jackson 1942

Residence - 375 Jackson 1937-42

Residence - 385 Jackson 1937-42

Residence - 393 Jackson 1937-42

Residence - 297 Jackson 1937-42

Stegeman Hall

1943

Stegeman Hall

1953-54

Storeroom - Jackson

1938

Strahan House Terrell Hall

1856 1904

Woodruff Hall

1924

Warehouse - Jackson St.

1951

Lumpkin St. Property

1952-54

TOTAL FRANKLIN CAMPUS

President's House

$ 1,081,300.50 $ 521.04 $ 3,000.00 4,500.00 3,500.00 3,000.00 2,500.00 2,500.00
438,000.00 3,000.00 131,938.05 2,000.00 12,802.48
90,000.00 75,000.00
6,000.00 77.339.63 31.724.27
i $ 8.284.291.19 $231.816.27

$ 1,081,821.54 3.000. 00 4.500.00 3.500.00 3 . 000. 00 2.500.00 2.500.00
438,000.00 134,938.05
,2 000.00
12,802.48 90.000. 00
,75.000. 00 6 000.00 109.063.90 $ 8.516.107.46

$ 117.876.82 $ _________I__________ $ 117.876.82

allege of Agriculture

A.A.A. Building

1940

Abattoir Barracks (Fain) A

1948 1942

Barracks (Dudley) B

1942

Barracks (Griggs) C

1942

Barrow Hall Barrow Hall - Shop

1911 1936

Boiler House A Boiler House B

1942

Boiler House C Cafeteria (Snelling) Camp Wilkins

1948 1940 1925

Cavalry Barn

1920

Cavalry Barn Cavalry Barn Annex Cavalry Office (Shack) Cavalry Blacksmith Shop

1926 1936 1930 1920

Conner Hall

1908

Dairy Products

1940

Dawson Hall Demonstration School

1932 1953

Field House

1943

Food Processing (Canning) 1934

Food Processing (Meat)

Forestry

1940

Four-H Club Garage Near Poultry Bldg. 1913

Garage Near 1195 Lumpkin

Greenhouse (Veg. & Flowers)1914

Greenhouse (Research)

1948

$ 50,000.00 $ 13,500.00 60,000.00 30,000.00 30,000.00 75,000.00 8,000.00 5,000.00 5,000.00 9,000.00 133,000.00 40,000.00 7,500.00 1,000.00 600.00 500.00 400.00 200,000.00 120,716.00 187,035.85 13,012.60 54,336.61 3,000.00 52,190.75 122,000.00 3,000.00 200.00 200.00 5,300.00 46,227.01

$

$

3,000.00

50,000.00 13.500.00 60,000.00 30.000. 00 30.000. 00
,75.000. 00 8 000.00 5 ,000.00 5.000. 00 9.000. 00 133.000. 00 40.000. 00
7.500.00 1. 000. 00
600.00 500.00 400.00 200. 000. 00 120,716.00 187,035.85 13.012.60 54.336.61
,3 000.00
52,190.75
, 122 000.00
200.00 200.00 5.300.00 46.227.01

100

UNIVERSITY OF GEORGIA STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Investment

Year

Beginning

Acquired Of Year

Additions

Investment End Deductions Of Year

B. BUILDINGS (CONTINUED)

(Continued)

Hardman Hall

1919

Hoke Smith Extension

1938

Home Management A

1940

Home Management B

1940

Home Management C

1940

Home Management D

1940

Kellogg Center

1954

Laundry

1942

Dry Cleaning Plant

1942

Boiler Room

1942

Gas House

1942

Repair Shop

1942

Lumpkin Hall

1829

Myers Hall (Bldg. Auth.) 953

Mary Lyndon Hall

1937

Mary Lyndon Hall

1954

Nursery School

1940

Paint & Janitor Shop

1919

Physical Education

1929

Plant Pathology

1915

Poultry

1913

Poultry Disease

1953-54

Residence - 1195 Lumpkin

Boiler Room - Rear Poultry 1913

Residence - Near

1195 Lumpkin

1945

Residence - 223 Burnet St. 1929

Residence - 225 Burnet St. 1929

Residence - 245 Burnet St. 1929

Livestock Shelter

R.O.T.C. Classroom

1947

Rutherford Hall

1939

Rutherford Hall

1954

Sheep Barn

1953-54

Shop-Grounds

Soule Hall

1919

University Stores

1943

Veterinary Building

1947

Veterinary Clinic #1

1948

Veterinary Clinic #2

1948

Veterinary Medicine

1948-53

Warehouse, AAA Bldg.

1940

Warehouse, #1 on R.R.

1948

Warehouse, #2, on R.R.

1948

Warehouse

1952

TOTAL COLLEGE OF AGRICULTURE

$ 45,000.00 $

$

78,300.00

15,000.00

15,000.00

15,000.00

15,000.00

260.00

30,500.00

4,500.00

2,000.00

500.00

500.00

10,000.00

1,170,513.01 143,376.40

102,400.00

648.10

35,000.00

500.00

153,262.76

15,000.00

5.000.00

3,573.99

77.30

3,000.00

200.00

$ 45,000.00 78,300.00 15,000.00 15,000.00 15,000.00 15,000.00 260.00 30,500.00 4,500.00 2,000.00 500.00 500.00 10,000.00
1,313,889.41 102,400.00 648.10 35,000.00 500.00 153,262.76 15,000.00 15,000.00 3,651.29 3,000.00 200.00

800.00 1,000.00 1,000.00 1,000.00 4,999.99 15,390.00 143,500.00
4,786.75 2,000.00 125,000.00 3,500.00 16,614.00 18,000.00 12,015.20 1,946,749.15 2,000.00 9,000.00 9,000.00 22.000.00 $ 5.343.823.67

2,751.65 241.42
23,469.54 $170.824.41

$ 3.000.00

800.00 1,000.00 1,000.00 1,000.00 4,999.99 15,390.00 143,500.00 2,751.65 5,028.17 2,000.00 125,000.00 3,500.00 16,614.00 18,000.00 12,015.20 1,970,218.69 2,000.00 9,000.00 9,000.00 22.000.00 $ 5.511.648.08

101
LIBRARIES ofgeor&L

UNIVERSITY OF GEORGIA STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Investment

Investment

Year

Beginning

End



Acquired Of Year

Additions Deductions Of Year



B. BUILDINGS (CONTINUED)

Farms 2 Bouses, Potato Curing Agr. 2 Houses, Potato Curing 1 House, Instrument 1 House, Tool House 1 House, 10 x 16

1941 1941 1941 1941 1946

1 House, Experiment

1 House, Experiment Barn, Dairy - Animal
Husbandry Barn, Hog - Animal Husb.

1915

Barn, Horse - Animal Husb.

Barn, Isolation - Animal Husbandry
Barn, Mule - Animal Husb. Bullpen- Animal Husbandry

1923 1934 1934

Implement Shed - Animal Husbandry
Office, Foreman's Animal Husbandry

1920 1927

Residence A - Carlton Ave.

Residence B - Carlton Ave. 1915

Residence Duplex - Animal

Husbandry

1912

Residence A - Near Dairy

Barn

1912

Residence C - Near Dairy

Barn

1915

Residence - Near R.R.

1909

Scale Shed - Animal

Husbandry

1929

1 Brooder House, 16 x 18 1940

1 Brooder 18 x 16

1940

1 Brooder House, 16 x 46 1940

1 Brooder House, 16 x 18 1940

6 Brooder Houses, 14 x 16 1940

6 Brooder Houses, 12 x 14 1940

3 Brooder Houses, 15 x 16 1940

3 Brooder Houses, 16 x 20 1940

2 Brooder Houses, 20 x 20 1940

1 Brooder & Inc. Bldg.

1940

1 Brooder House, 24 x 11 1943

1 Feed & Lab. Bldg.

1942

Grading & Packing -Poultry 1942

Killing & Dressing-Poultry

59 Laying Test. Buildings

12 x 14

3 Laying Houses, 20 x 50

1 Laying House, 20 x 50

$

400.00

680.00

50.00

200.00

400.00

1,000.00

300.00

40,000.00 1.500.00 4,000.00

1.200.00 3,000.00
600.00

1,000.00

250.00 600.00 600.00

1,200.00

900.00

900.00 2,500.00

250.00 1,100.00 1,200.00
600.00 250.00 1,200.00 900.00 525.00 600.00 450.00 8,000.00 5,000.00 7,000.00 800.00 3.000. 00

14,750.00 3.000. 00
400.00

M

400.00

680.00

50.00

200.00

400.00

1

1,000.00

300.00

40,000.00

J

1.500.00

4,000.00

I
1.200.00 3,000.00
600.00
J

1,000.00

250.00

>

600.00

600.00

1,200.00

I

900.00

900.00

2,500.00

1

250.00

1,100.00

1,200.00

600.00

250.00

1,200.00

900.00

525.00

600.00

450.00

8,000.00

5,000.00

7,000.00

II

800.00

3,000.00

14,750.00
3,000.00
400.00 L 1

102

UNIVERSITY OF GEORGIA STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Investment

Year

Beginning

Acquired Of Year

Additions

B. BUILDINGS (CONTINUED)

Farms (Continued)

6 Laying Houses, 14 x 24

$

1 Laying House, 12 x 14

10 Range Houses, 11 x 12

1 Residence - Poultry

Hardeman Mem. Forest

Dwelling

1936

Barn - Forestry

1936

Oconee & Denmark

Barn - Horticulture

1936

Cabin - Forestry

1936

5 Dwellings - Hort.

1944

Garage & Shed - Hort.

1936

Log Cabin - Forestry

Machine Shed & Shop - Hort.,1938-39

Nursery Bldg. - Forestry

Residence B - Near

Dairy Barn

1912

Office - Hort.

1935

Storage Shed - Hort.

1941

Sweet Potato House -

Horticulture

1942

Veg. Grading House

1943

1,800.00 $ 200.00 350.00
3,000.00
400.00 100.00
2,000.00 200.00
10,000.00 600.00 400.00 700.00 600.00
900.00 300.00 600.00
1,500.00 1,200.00

Watson Springs Barn - Forestry Cottage - Forestry House - Forestry Storage House - Forestry Store House *2 - Forestry

1933 1933 1933 1933 1933

Georgia Experiment Station Architects Fees Advanced

Whitehall Barn - Agrnonomy Dwelling - Agronomy Field Shed A - Agronomy Field Shed B - Agronomy Storage House - Agronomy Storage House - Agronomy Tenant House A - Agronomy Tenant House B - Agronomy Tenant House C - Agfonomy Tenant House D - Agronomy Tool House (Small) Agronomy

1936 1936 1936 1936 1936 1936 1936 1936 1936 1936
1936

500.00 500.00 1,000.00 100.00 100.00
4,881.83
1,000.00 500.00 200.00 50.00 15.00 15.00
2,000.00 1,000.00
400.00 300.00
30.00

Investment End Deductions Of Year

$

$

1,800.00

200.00

350.00

3,000.00

400.00 100.00

2,000.00 200.00
10,000.00 600.00 400.00 700.00 600.00

900.00 300.00 600.00

1,500.00 1,200.00

500.00 500.00 1,000.00 100.00 100.00

4,881.83

1,000.00 500.00 200.00 50.00 15.00 15.00
2,000.00 1,000.00
400.00 300.00
30.00

103

UNIVERSITY OF GEORGIA *

STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

flj

Investment

Investment

Year

Beginning

End

Acouired Of Year

Additions Deductions Of Year



B. BUILDINGS (CONTINUED)

Whitehall (Continued)

Tool Bouse (Large) -

Agronomy

1936

Barn A - Animal Husb.

1936

Barn B - Animal Husb.

1936

Barn, Feed & Scales

1936

4 Hog Houses

1936

5 Hog Houses

1936

2 Tenant Houses

1936

2 Tenant Houses

1936

Barn, Brick - Forestry

1936

Dwelling Brick - Forestry 1936

House #1 - Forestry

1936

House *2 - Forestry

1936.

House #3 - Forestry

1936

House *4 - Forestry

1936

Shed - Forestry

1936

Barn - Poultry

1936

Dwelling A - Poultry

1936

Dwelling B - Poultry

1936

Garage - Poultry

1936

Laying House, 24 x 110

1936

Laying House, 20 x 130

1936

20 Range Houses, 10 x 10 1936

4 Range Houses, 22 x 34 1936

Remodeled Poultry House 1936

Shop - Poultry

1936

Smokehouse - Poultry

1936

TOTAL FARMS

$

400.00 $

300.00

500.00

1,500.00

2,000.00

125.00

2,000.00

3,000.00

600.00

5,500.00

600.00

450.00

500.00

450.00

300.00

2,000.00

4,000.00

1,400.00

20.00

1,200.00

1,200.00

400.00

300.00

1,200.00

20.00

40.00

177.751.83 $

$

$

400.00

300.00

500.00

1,500.00

j*

2,000.00

125.00

2,000.00

3,000.00

600.00

5,500.00

600.00

K

450.00

M

500.00

450.00

300.00

2,000.00

4,000.00

1,400.00

]*

20.00

y|

1,200.00

1,200.00

400.00

300.00

1,200.00

20.00

40.00

$ 4.881.83

172.870.00

fl

TOTAL INVESTMENT IN BUILDINGS

$13.923.743.51 $402.640.68 $ 7.881.83 $14.318.502.36

C. IMPROVEMENTS OTHER THAN BUILDINGS

Streets and Sidewalks

$

Lighting System

Heating System

Water Systems

Landscaping President's Home

Pastures & Fences

Tennis Courts

Paving Parking Lots

Gas Mains

TOTAL IMPROVEMENTS OTHER THAN BLDGS.

268,820.75 $ 13,247.54 $

38,730.42

178,190.31 41,700.05

15,000.00

13,095.19

6,942.20

20,000.00

9,385.77

493.88

21.868.34

3.217.58

572.032.98 $ 58.659.05 $

$ 282,068.29 38,730.42

219,890.36

JJ]

15,000.00

1

13,095.19

6,942.20

20,000.00

9,879.65

25.085.92

630.692.03

id

D. EQUIPMENT Administrative Physical Plant

$ 63,831.84 $ 4,124.49 $

132,420.27

3,292.48

$ 67,956.33 135,712.75

104

UNIVERSITY OF GEORGIA STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Investment

Year

Beginning

Acquired Of Year

Additions

Investment End Deductions Of Year

EQUIPMENT (CONTINUED) Library Library (Bldg. Auth.) Instructional Dept. Organized Research Extension Dormitories Dormitories (Bldg. Auth.) Dining Halls President's Home Printing Press Bookstore Store Room V. R. A. Farm Cow Testing TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

$ 1,000,347.50 $ 82,427.99 $ 12,289.89 103,874.40

1,319,727.61 72,348.93

175,081.78 58,482.51

109,011.54 21,620.24

170,334.16

6,750.93

64,159.61 133,417.83

69,762.70

3,307.97

7,045.88

33,645.59

5,002.64

2,991.16

28,393.70

2,622.95

8,070.50

2,773.42

46,628.01

1.261.79

$ 3.247.776.95 $497,273.36

$18,024,039.94 $965.152.90 $7,881.83

$ 1,082,775.49 116,164.29
1,392,076.54 233,564.29 130,631.78 177,085.09 197,577.44 73,070.67 7,045.88 38,648.23 2,991.16 31,016.65 8,070.50 2,773.42 46,628.01 1.261.79
$ 3.745.050.31
$18,981,311.01

105

i 1
PART III THE UNIVERSITY OF GEORGIA - AGRICULTURAL EXTENSION SERVICE
ATHENS, GEORGIA
Schedule I - Schedule N-2
X
107

UNIVERSITY OF GEORGIA AGRICULTURAL EXTENSION SERVICE
BALANCE SHEET June 30, 1954
ASSETS

I. CURRENT FUNDS A. GENERAL Cash in Bank

$ 101,892.75

$ 101,892.75

B. RESTRICTED Cash in Bank Accounts Receivable
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Cash in Bank Temporary Investments
III. PLANT FUNDS A. UNEXPENDED Cash in Bank
B. EXPENDED Equipment Four-H Club - Rock Eagle
TOTAL ASSETS

$ 15,096.92 _____4,742.46

$ 19.839.38 $ 121,732.13

$ 66,903.19 100.000.00 $ 166,903.19

$ 408,209.54

$ 134,831.04 1.174.015.04
LIABILITIES

$1,308,846.08 $1,717,055.62 $2,005,690.94

I. CURRENT FUNDS A. GENERAL Surplus
B. RESTRICTED Fund Balance
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Fund Balances
III. PLANT FUNDS Unexpended Invested in Plant
TOTAL LIABILITIES AND SURPLUS

$ 101,892.75
19.839.38 $ 121.732.13
$ 166,903.19
$ 408,209.54 1.308.846.08 $1.717.055.62 $2,005.690.94

UNIVERSITY OF GEORGIA AGRICULTURAL EXTENSION DIVISION
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

General

Restricted



Income

Income

Total

JU

A. EDUCATIONAL AND GENERAL

PUBLIC APPROPRIATIONS

State of Georgia

Regular Operations

Clark County

|!

For Non Offset

$46,233.24 $ 692,033.76 $ 738,267.00

5,330.00

5,330.00

M

United States

Smith Lever Clark McNary Forestry Funds

$1,251,419.77 1.251,419.77

3,240.00

3,240.00

Research and Marketing

5,100.00

5,100.00

Farm Housing

640.00

640.00

Forestry Dept, for Norris-Doxey



TOTAL PUBLIC APPROPRIATIONS

405.00

405.00

$51,563.24 $1,.952.838.53 $2,004,401.77

>4 GIFTS AND GRANTS

American Turpentine Farmers Ass'n Coop. Visual Aid

$

Corn Producers Association

$ 1,969.00

195.00 $

195.00 1,969.00

Ga. Crop Improvement Ass'n - For Visual Aid

4,755.16

4,755.16

W i 11iams-Waterman

A

Wells Dairies Coop. - For Visual Aid

)

Trust Company of Georgia - For Visual Aid

4,000.00 658.72
1,352.60

4,000.00 658.72
1,352.60

Peanut Club

296.94

2 % . 94

Standard Oil Company - For Visual Aid

500.00

500.00

Southeastern Aromatic Tobacco Company

2,100.00

2,100.00

Smith, J. Aubrey - For Visual Aid

120.00

120.00

Tennessee Valley Authority

37.027.39

37.027.39

TOTAL GIFTS AND GRANTS

$ 4.365.94

48.608.87 _ L _ 52.974.81

m

SALES AND SERVICE

f^

Cow Testing

._________

11.303.24

11.303.24

TOTAL EDUCATIONAL AND GENERAL

$55,929.18 $2.012.75tt64 $2,068,679.82

TRANSFERS: Transfer from College Experiment Station Transfer from General
TOTAL RECEIPTS

$

$ 11,568.61 $ 11,568.61

4.000.00

4.000.00

$55,929.18 $2,028,319.25 $2,084,248.43

109

UNIVERSITY OF GEORGIA AGRICULTURAL EXTENSION SERVICE
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

Fund Classification General Restricted

Salaries & Wages

Obiect Classification Operating Supplies & Expense Eguipment Total

A. EDUCATIONAL & GENERAL

EXTENSION

State Offset

$

$ 692,033.76 $ 522,529.36 $169,506.90 $ (-02.50 $ 692,033.76

State Non-Offset

62,918.45

405. 00

29,058.97 30,,786.07 3,478.41

63,,323.,45

Fed. Smith-Lever

1.251, 419. 00 992,212.78 238,,046.52 21,159.70 ]L251,,419.,00

Clark McNary

3, 240. 00

3,240.00

3,,240.,00

Research & Marketing

5, 100. 00

3,452.50 1,,647.50

5,,100.,00

Farm Housing

640. 00

333.80

306.20

640.,00

T.V.A. 1953-54

27, 704. 74

27,197.08

507.66

27,,704.,74

Visual Aid

8, 282. 73

114.75 5,,489.02 2,678.96

8,,282.,73

Corn Meal Enr.

9, 221. 01

5,517.96 2,,577.98 1,125.07

9,,221.,01

Cow Test. Fund

13, 271. 81

9.115.64 ___ 3.,947.00

209.17

13,,271.,81

TOTALS

$62.918.45 $2.011.318.05 $1.592.439.04 $452.842.45 $28.955.01 $2.074.236.50

TRANSFERS: Transfer to Rest, to Match Corn Meal Enr.$ 4,000.00 Exp. Sta. Printing ___________$

11.568.61

TOTAL DISBURSEMENTS $66.918.45 $2.022.886.66

STATEMENT OF OPERATIONS OF RESTRICTED FUND For Year Ended June 30, 1954

Farm Housing Visual Aid Research and Marketing Smith-Lever - Federal State for Matching T.V.A. Accounts Receivable Corn Meal Enrichment USDA (Norris-Doxey & Clarke McNary) Experiment Station Cow Testing Fund
TOTALS

Balance Beginning Receipts of Year For Year

Balance

Disbursements End of

For Year

Year

$ 5,070.71
(t )14,065.11 16,416.85
2.241.88 $9,664.33

$

640.00 $

640.00 $

7,581.48

8,282.73 4,369.46

5,100.00

5,100.00

1,251,419.77 1,251,419.00

.77

692,033.76

(ff 2,033.76

37,027.39

27,704.74( -)4,742.46

8,000.00*

9,221.01 15,195.84

3,645.00

3,645.00

11,568.61

11,568.61

11.303.24'

13.271.81

273,31

$2,028,319.25 $2,022,886.66 $15.0%. 92

*$4,000.00 transferred from General Funds to match.

110

UNIVERSITY OF GEORGIA AGRICULTURAL EXTENSION SERVICE
STATEMENT OF OPERATIONS OF RESTRICTED FUND (CONTINUED)

INCOME - NON-OFFSET Gifts Cotton Producers Association Peanut Club Southeastern Aromatic Tobacco Company Clarke County TOTALS

Balance

Balance

Beginning Receipts

Disbursements End of

of Year for Year_______for Year_______Year

$1,969.00 296.94
2.100.00

$4,365.94 5.330.0Q
$9.695.94

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Archaeology Survey Federal Retirement Federal Withholding Tax 4-H Club Construction Regional Film Corporation Rock Eagle 4-H Foundation Social Security State Teacher Retirement
TOTALS

Balance Beginning of Year

Receipts for Year

Balance

Disbursements: End of

for Year

Year

$ 3,843.99 11,766.80
20,675.21 63.73
4,114.13 171.02
6.326.9 0 $46,961.78

$ 5,000.00 50,242.86
135,321.82 220,465.26
16,420.43 2,460.70
76.100.70 $506,011.77

$ 945.17 49,538.90
136,111.22 103,744.84
63.73 17,419.74
2,131.92 76.114.84 $386,070.36

$ 4,054.83 4,547.95
10,977.40 137,395.63
3,114.82 499.80
6.312.76 $166,903.19

CURRENT FUNDS General Restricted TOTAL
AGENCY FUNDS
PLANT FUNDS
TOTAL

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

Cash

Balance

Receipts

July 1.1953 for Year

Cash

Disbursements Balance

for Year

June 30, 1954

$112,882.02 $ 55,929.10 $ 66,918.45 $101,892.75 9.664.33 2.028.319.25 2.022.886.66 15.096.92
$122,546.35 $2,084,248.43 $2,089,805.11 $116,989.67
$ 46.961.78 $ 506.Oil.77 $ 386.070.36 $166,903.19
$(-)3.750.24 $1,143,850.41 $ 731.890.63 $408,209.54
$165,757.89 $3.734,110.61 $3,207,766.10 $692,102.40

111 \

UNIVERSITY OF GEORGIA AGRICULTURAL EXTENSION DIVISION
BANK BALANCES
Citizens & Southern National Bank, Athens, Georgia

$692,102.40

STATEMENT OF OPERATIONS OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

BUILDINGS 4-H Club - Rock Eagle
SUMMARY INCOME From State Transfers from Agency Funds Insurance TOTAL

Balance

Receipts

July 1. 1953 for Year

Disbursements Balance

for Year

June 30. 1954

$(-)3.750.24 Si.143.850.41 $731,890.63 $408,209.54

$1,055,913.96 86,661.45 1.275.00
$1,143,850.41

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

BUILDINGS Rock Eagle 4-H Camp TOTAL BUILDINGS
EQUIPMENT Extension TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

Investment

Year

Beginning

Acauired Of Year

Additions

Investment End of Deductions Year

1952-53 $442,124.41 $731,890.63 $

__

$442.124.41 $731,890.63 $

$1,174,015.04 $1,174,015.04

$105,876.03 $ 28.955.01 $ $105,876.03 $ 28.955.01 $ .
$548,000.44 $760,845.64 $

$ 134.831.04 $ 134.831.04
$1,308,846.08

112

UNIVERSITY OF GEORGIA ATLANTA DIVISION

BALANCE SHEET June 30, 1954

ASSETS

CURRENT FUNDS A. GENERAL
Cash in Bank Accounts Receivable
TOTAL GENERAL FUNDS
B. AUXILIARY Cash in Bank U.S. Government Bonds Accounts Receivable Stores (Inventory)
TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Cash in Bank Notes Receivable
TOTAL AGENCY FUNDS
III. PLANT FUNDS A. UNEXPENDED Cash in Bank

$ 163,503.16 80.110.74 $ 243,613.90
$ 123,939.32 150,545.59 4,456.00 29.376.14 $ 308.317.05 $ 551,930.95
$ 32,892.28 9.414.56 $ 42,306.84
$ 189.525.42

TOTAL UNEXPENDED
B. EXPENDED Land and Improvements Buildings Equipment

$ 189,525.42
$ 291,940.05 $1,777,694.80
527.362.66

TOTAL EXPENDED TOTAL PLANT FUNDS TOTAL ASSETS

$2.596.997.51 $2.786.522.93 $3,380.760.72

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $3,245,800.

114

UNIVERSITY OF GEORGIA ATLANTA DIVISION

BALANCE SHEET June 30, 1954

LIABILITIES

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

$ 1,731.62 1,762.20
71,276.17 160,843.91

TOTAL GENERAL FUNDS

243,613.90

B. AUXILIARY Accounts Payable Reserve for Stores Surplus TOTAL AUXILIARY FUNDS

$ 1,922.32 29,376.14
277.018.59 $ 308,317.05

TOTAL CURRENT FUNDS

551,930.95

II. AGENCY FUNDS Fund Balances

$ 42,306.84

TOTAL AGENCY FUNDS

42,306.84

III. PLANT FUNDS A. UNEXPENDED Contracts to be Negotiated Reserve for Purchase of Gilmer Street Bldg. Fund Balances

$ 32,448.20 150,000.00 7,077.22

TOTAL UNEXPENDED

$ 189,525.42

B. EXPENDED Equity of University System Bldg. Auth. Invested in Plant

$ 492,111.58 2,104,885.93 $2,596,997.51

TOTAL PLANT FUNDS

$2,786,522.93

TOTAL LIABILITIES, SURPLUS, AND FUND BALANCES

$3,380,760.72

115

UNIVERSITY OF GEORGIA ATLANTA DIVISION
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

I. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matriculation Private Music Lessons Sumner Session
TOTAL STUDENT FEES

$ 67,535.91 482,145.56 3,469.00 107.492.07
$660,642.54

PUBLIC APPROPRIATION State of Georgia - Regular Operations pipe- A/#Ant* Receivable 7-1-53 Less: Accounts Receivable 6-30-54
TOTAL PUBLIC APPROPRIATION

$489,600.00 79,401.79 $569,001.79 34.677.92
$534,323.87

OTHER SOURCES Institutes Miscellaneous Veterans Guidance Fees Gifts and Grants
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME

$ 9,189.11 3,631.62 16,835.32 2.000.00
$ 31.656.05
$1,226,622.46

TRANSFERS FROM: Auxiliary Funds
TOTAL EDUCATIONAL AND GENERAL RECEIPTS

$ 5,000.00 $1,231,622.46

II. AUXILIARY ENTERPRISES BOOKSTORE OFFICE BUILDING RENTAL REFECTORY TOTAL AUXILIARY ENTERPRISE INCOME TOTAL CURRENT INCOME

$148,936.71 $ 43,159.53 $ 24.062.96
$ 216,159.20 Si.442.781.66

116

UNIVERSITY OF GEORGIA ATLANTA DIVISION
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL ADMINISTRATIVE AND GENERAL Comptroller's Office Director's Office General Administrative Registrar's Office TOTAL ADMINISTRATIVE & GENERAL
STUDENT WELFARE Dean of Students Alumni Office Placement Office TOTAL STUDENT WELFARE
PHYSICAL PLANT
LIBRARY
INSTRUCTION Administrative Dean Art Biology Business Administration Chemistry Education English Geography & Geology History Journalism Mathematics Modern Language Music Nursing Education Physics Political Science Psychology R.O.T.C. Sociology Speech & Drama Summer School Guidance & Couns. Dean of General Studies Philosophy Physical Education TOTAL INSTRUCTION

Total

Object Classification

Salaries & Waqes

Operating Supplies & Expenses Equipment

$ 24,305.18 $ 22,722.10 $ 1,396.18 $

24,458.65 22,586.40 1,872.25

39,706.46

3,980.50 35,623.51

48.912.22 38.210.63 10.161.85

$137,382.51 $ 87.499.63 $49,053.79 $

186.90
102.45 539.74 829.09

$ 14,639.82 $ 14,204.94 $

1,989.43

1,838.90

2.253.07

2.121.60

$ 18.882.32 $ 18.165.44 $

227.88 $ 130.53 131.47
489.88 $

207.00 20.00
227.00

$118,876.63 $ 68.517.62 $49,463.81 $ 895.20

$ 84.668.67 $ 37.121.24 $ 2.040.00 $45,507.43

$ 12,747.33 10,367.51 37,147.73
242,570.11 20,766.55 10,076.66 70,603.43 7,761.01 27,476.82 6,865.31 37,718.29 22,918.84 23,759.00 17,393.06 5,422.14 14,333.46 20,113.59 4,824.13 16,406.73 10,360.41 79,447.18 10,346.72 11,599.50 6,807.18 11.643.61
$739,476.30

$ 11,614.59 9,099.54
32,476.18 236,585.57
16,397.07 9,588.12
70,272.88 7,494.27
27,190.88 6,699.96
37,666.46 22,799.64 22,177.97 15,821.5?
5,109.85 14,080.56 19,594.58 4,099.92 16,279.96 9,606.62 79,406.13 8,216.07 8,934.22 6,797.01 10.800.00 $708,809.64

$ 882.74 771.47
2,984.01 4,597.50 3,733.63
488.54 330.55 220.24 171.94 165.35
51.83 119.20 1,188.38 1,519.02 79.76 124.95 496.28 605.96 22.77 510.84 41.05 1,988.25 2,461.28 10.17 812.91 $24,378.62

$ 250.00 496.50
1,687.54 1,387.04
635.85
46.50 114.00
392.65 52.45
232.53 127.95
22.73 118.25 104.00 242.95
142.40 204.00
30.70 $ 6.288.04

117

UNIVERSITY OF GEORGIA ATLANTA DIVISION
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL (CONTINUED) RESEARCH EXTENSION TOTAL EDUCATIONAL AND GENERAL
TRANSFERS TO: Plant Funds TOTAL ED. & GENERAL DISBURSEMENTS
B. AUXILIARY EXPENDITURES BOOKSTORE OFFICE BUILDING REFECTORY TOTAL AUXILIARY EXPENDITURES
TRANSFERS TO: Educational and General TOTAL AUXILIARY DISBURSEMENTS
TOTAL CURRENT EXPENDITURES TOTAL CURRENT DISBURSEMENTS

Total

Object Classification

Operating

Salaries

Supplies

& Wages

& Expenses Equipment-

J____ 10.785.76 $ 7.293.46 $ 3.492.30
$ 15.065.00 $ 14.137.52 $ 673.48 $ 254.00 $1,125,137.19 $941,544.55 $129,591.88 $54,000.76

179.800.00 $1,304,937.19

$ 120,563.88 $ 6,086.20 $114,477.68 $

7,767.78

5,317.42

2,450.36

21.104.48

2.352.73 18.751.75

$ 149.436.14 $ 13.756.35 $135,679.79 $

i_ 5.000.00 $ 154.436.14 $1,279,573.33 $1,459,373.33

STATEMENT OF CHANGES IN CASH BALANCES For Year Ending June 30, 1954

Cash Balance Receipts July 1. 1954 For Year

Disbursements Balance

For Year

June 30. 1954

GENERAL AUXILIARY TOTAL CURRENT FUNDS

$236,817.89 212.761.85
$449.579.74

$1,231,622.46 $1,304,937.19 $163,503.16

216.159.20

154.436.14 274.484.91*

$1,447,781.66 $1,459,373.33 $437,988.07

Includes U.S. Government Bonds in the amount of $150,545.59.

118

UNIVERSITY OF GEORGIA ATLANTA DIVISION

STATEMENT OF CHANGES IN CASH BALANCES (CONTINUED)

PLANT FUNDS AGENCY FUNDS
TOTAL

$ 23,204.57 17.585.94
$490.370.25

$ 179,800.00 $ 13,479.15 $189,525.42

279.825.16

264.518.82 32.892.28

$1.907.407.82 $1.737.371.30 $660.405.77

FULTON NATIONAL BANK, ATLANTA Operating Account Student Promotion Office Building Account "Florence Noyes" Scholarship Fund

BANK BALANCES

CITIZENS & SOUTHERN NATIONAL BANK, ATLANTA Bookstore Music Fund Account Refectory

TRUST COMPANY OF GEORGIA Student Credit Union

TOTAL

$ 353,028.58 12,566.71 35,502.67
_______500.00

$401,597.%

$ 77,557.83 10.114.93 10.952.94 $ 98,625.70

$ 9,636.52 $509.860.18

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Student Credit Union Student Promotion Music Fund Account "Florence Noyes" Scholarship Fund Retirement Collection Withholding Tax Collection Social Security Tax Collection Sales Tax R.O.T.C. "Commutation in Lieu of Uniform"
TOTAL

Balance Beginning Of Year

Receipts For Year

Dis

Balance

bursements End

For Year

Of Year

$ 9,345.02 824.22
6,866.15 500.00
50.55

$ 79,335.55 30,411.04 8,102.70
33,600.18 113,087.08
1,205.41 2,951.08 11.132.12

$ 79,044.05 18,668.55 4,853.92
33,600.18 113,087.08
1,205.41 2,927.51 11.132.12

$ 9,636.52 12,566.71 10,114.93 500.00
74.12

$17,585.94 $279,825.16 $264,518.82 $32,892.28

119

UNIVERSITY OF GEORGIA ATLANTA DIVISION
STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954
BALANCE, BEGINNING OF YEAR ADDITIONS:
Transfer from General Fund TOTAL
DEDUCTIONS: Expended for Plant Additions: Land and Buildings Administration Building - Additions and Improvements Gymnasium - Improvements New Library and Classroom Building TOTAL DEDUCTIONS
BALANCE, END OF YEAR

Funds for Plant Additions $ 23,204.57
179.800.00 $203.004.57
$ 11,903.70 486.00 867.48 221.97
$ 13.479.15 $189.525.42

SUMMARY OF INVESTMENT IN PLANT As of June 30, 1954
VALUE OF PLANT, JULY 1, 1953
ADDITIONS: Expended from Plant Funds Expended from Educational & General Funds & Included in Current Expenditures Expended by University System Building Authority
TOTAL ADDITIONS
VALUE OF PLANT, JUNE 30, 1954 Less: Equity of University System Building Authority
NET INVESTMENT IN PLANT, JUNE 30, 1954

$2,014,024.63
13,479.15 54,000.76
515.492.97 582.972.88
$2,596,997.51 492.111.58
$2.104.885.93

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

A. LAND Campus Off Campus
TOTAL LAND

1945-51 1945-47

$ 275,112.95 $ 11,903.70 $ 287,016.65 4.923.40___________________ 4.923.40
$ 280.036.35 $ 11.903.70 $ 291.940.05

B. BUILDINGS Administration and Classroom

1945

$ 578,675.69 $ 486.00 $ 579,161.69

120

UNIVERSITY OF GEORGIA ATLANTA DIVISION

STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

B. BUILDINGS (CONTINUED)

Gymnasium

1947

$ 44,424.13

$ 44,424.13

R.O.T. C. Office & Shops

1951

14,050.70

14,050.70

Armory

1951

16,547.34

16,547.34

DeKalb Extension

1942

4,350.00

4,350.00

New Adm. & Classroom Bldg. (Bldg. Auth.) Under Const. 630,446.00 $515,714.94 $1,119,160.94

TOTAL BUILDINGS

$1,261,493.86 $516,200.94 $1,777,694.80

EQUIPMENT Administrative Offices Auditorium Instructional Departments Library Physical Plant Cafeteria Extension

$ 62,063.99 $ 1,056.09 $ 63,120.08

14,182.50

867.48

15,049.98

163,987.35

6,288.04

170,275.39

201,920.30 45,507.43

247,427.73

17,028.33

895.20

17,923.53

13,115.00

13,115.00

196.95

254.00

450.95

TOTAL EQUIPMENT

$ 472.494.42 $ 54.868.24 $ 527.362.66

TOTAL INVESTMENT IN PLANT

$2,014,024.63 $582,972.88 $2,596,997.51

121

UNIVERSITY OF GEORGIA EXPERIMENT STATION - GENERAL
BALANCE SHEET June 30, 1954
ASSETS
I. CURRENT FUNDS A. GENERAL Cash on Hand and in Bank
B. RESTRICTED Cash on Hand and in Bank
TOTAL CURRENT ASSETS
TOTAL ASSETS
LIABILITIES
li CURRENT FUNDS A. GENERAL Purchase Orders Outstanding Surplus
B. RESTRICTED Fund Balance
TOTAL CURRENT LIABILITIES
TOTAL LIABILITIES AND SURPLUS

$2,274.21 $2.274,21 $2.274.21
$2,274.21 $2.274.21 $2.274.21

124

A. EDUCATIONAL AND GENERAL PUBLIC APPROPRIATIONS State of Georgia Regular Operations
TOTAL INCOME

UNIVERSITY OF GEORGIA EXPERIMENT STATION - GENERAL
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

General

Restricted

Income_____ Income______Total

$39.451.86______________$39.451.86

$39.451.86

$39.451.86

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

EXPERIMENT STATION - GENERAL Administration - General
Transfer to Texas (Pink Boll Worm) Transfer to Fort Valley
TOTAL DISBURSEMENTS

Fund Classification______Object Classification

Salaries Operating

And

Supplies &

General

Restricted Waaes

Expense

$31,389.21

$15,427.50 $15,961.71

$15,000.00 9.583.95___________

$40.973.16 $15.000.00

CURRENT FUNDS General Restricted Funds
PLANT FUNDS
TOTALS

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

Cash Balance Receipts Disbursements Cash Balance

July 1. 1953 For Year For Year

June 30. 1954

$ 3,795.51 15,000.00

$39,451.86 $40,973.16 $ 2,274.21 15,000.00

$18,795.51 $39,451.86 $55,973.16 $ 2.274.21

National Bank of Athens

BANK BALANCES

$2,274.21

Pink Boll Worm

UNIVERSITY OF GEORGIA EXPERIMENT STATION - GENERAL
STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year Ended June 30, 1954

Cash Balance Receipts Disbursements Cash Balance

July 1. 1953 For Year For Year

June 30. 1954

$15,000.00

$15,000.00

UNIVERSITY OF GEORGIA BRANCH EXPERIMENT STATION
BALANCE SHEET June 30, 1954
ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand and In Bank
B. RESTRICTED Cash on Hand
TOTAL CURRENT FUNDS
II. PLANT FUNDS A. UNEXPENDED Cash on Hand and In Bank
B. EXPENDED Land Buildings Improvements Other Than Buildings Equipment
TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL ASSETS
LIABILITIES

$ 10,010.59
2.935.21 $ 12,945.80
$ 1,179.61
$ 83,023.00 142,295.55 28,025.90 106.354.29 $359.698.74 $360.878.35 $373.824.15

I. CURRENT FUNDS A. GENERAL Purchase Orders Outstanding Surplus
TOTAL GENERAL FUNDS

$ 3,184.15 6.826.44
$ 10,010.59

B. RESTRICTED Fund Balances
TOTAL CURRENT FUNDS

$ 2.935.21 $ 12,945.80

II. PLANT FUNDS A. UNEXPENDED Fund Balances
B. EXPENDED Invested in Plant
TOTAL PLANT FUNDS
TOTAL LIABILITIES AND SURPLUS

$ 1,179.61
$359.698.74 $360.878.35 $373.824.15

128

UNIVERSITY OF GEORGIA BRANCH EXPERIMENT STATION
STATEMENT OF CURRENT INCOME For Year Ended Jutie 30, 1954

EDUCATIONAL AND GENERAL PUBLIC APPROPRIATIONS
State of Georgia Regular Operations
TOTAL PUBLIC APPROPRIATIONS
SALES AND SERVICE
TOTAL SALES & SERVICE
RENTS
SALES - AMERICUS NURSERY (RESTRICTED) GIFTS - U.S.D.A. - AMERICUS NURSERY
TOTAL EDUCATIONAL AND GENERAL INCOME
TOTAL EDUCATIONAL AND GENERAL RECEIPTS

General Income

Restricted

Income

Total

$119,423.14

$119,423.14

$119,423.14

$119,423.14

$117,111.29

$117,111.29

$117,111.29

$il7.111.29

$ 2.499.35

$ 2.499.35

$ 423.65 $ 423.65 $15,000.00 $15,000.00 $239,033.78 $15,423.65 $254,457.43

$239,033.78 $15,423.65 $254,457.43

EXPERIMENT STATION BRANCH Research
AMERICUS NURSERY
TOTAL EXPENSE
TRANSFER TO: Plant Funds
TOTAL DISBURSEMENTS

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

Fund Classification

General

Restricted

Object Classification

Salaries Operating

And

Supplies

Waaes

& Expense Equipment

$206,628.53

$83,559.47 $85,263.76 $37,805.30

$12,488.44 $ 4.626.09 $ 4.462.16 $ 3.400.19

$206,628.53 $12,488.44 $88,185.56 $89,725.92 $41,205.49

$ 25.027.71 $231,656.24

CURRENT FUNDS General

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

Cash Balance Receipts

Disbursements Cash Balance

July 1, 1953 For Year____ For Year______ June 30. 1954

$ 2,633.05 129

$239,033.78 $231,656.24

$10,010.59

UNIVERSITY OF GEORGIA BRANCH EXPERIMENT STATION

STATEMENT OF CHANGES IN CASH BALANCES

CURRENT FUNDS (CONTINUED) Restricted
TOTAL CURRENT FUNDS

$ $ 2,633.05

$ 15.423.65 $ 12.488.44 $254,457.43 $244,144.68

PLANT FUNDS

$ 7.861.09 $ 25.027.71 $ 31.709.19

TOTAL

$10,494.14 $279,485.14 $275,853.87

$ 2.935.21 $12,945.80 $ 1.179.61 $14,125.41

National Bank of Athens

BANK BALANCES $ 14.125.41

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS For Year Ended June 30, 1954

AMERICUS NURSERY SALES U.S.D.A. - AMERICUS NURSERY
TOTALS

Balance Beginning Of Year Income

Expense

Balance End Of Year

$

$ 423.65 $ 423.65 $

$

$15,000.00 $12,064.79 $2,935.21

$

$15,423.65 $12,488.44 $2,935.21

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

BALANCES, BEGINNING OF YEAR
ADDITIONS Transfers From Educational and General
TOTAL ADDITIONS
DEDUCTIONS PLANT ADDITIONS
BALANCES, END OF YEAR

Funds For Plant Additions

Funds For Debt Service Total

$ 7.861.09 $

$ 7.861.09

$25,027.71 $ $25,027.71 $
$31,709.19 $ $ 1.179.61 $

$25,027.71 $25,027.71
$31,709.19 $ 1.179.61

130

11
1
1 3i
r i
i
1
1
s
1 1 s jjl 9 n II V ,IS
1 1#

UNIVERSITY OF GEORGIA BRANCH EXPERIMENT STATION
STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

Investment

Year

Beginning

Acquired Of Year

Additions

Investment End of Deductions Year

A. LAND Branch Stations Burke County Gordon County Gordon County Gordon County Sumter County TOTAL LAND

468.75 Acres

144.3 "

32

"

57

**

455.35 "

1952 1952 1953 1954 1952

B. BUILDINGS Southeast Branch Station Superintendent's Home 3 Tenant Houses 2 Barns Machine Shed Foreman's Cottage Poultry House Poultry House Pump House Stock Pens and Scale Pit Commissary Dairy Barn and Feeding Shed

1952 1952 1952 1952 1952 1953 1954 1954 1954 1954 1954

$ 17,060.00 25,000.00 9,163.00
19.800.00 $ 71.023.00

$

$

12,000.00 $12,000.00 _J__________

$ 17,060.00 25,000.00 9,163.00 12,000.00 19.800.00
$ 83.023.00

$ 14,949.20 $

$

11,606.62

3,042.82

2,504.36

4,491.55

10,028.34

5,500.00

238.00

1,495.81

1,620.33

10,500.87

$ 14,949.20 11,606.62 3,042.82 2,504.36 4,491.55 10,028.34 5,500.00 238.00 1,495.81 1,620.33 10,500.87

Southwest Branch Station Superintendent's Home 2 Tenant Houses Machine Shed Foreman's Cottage Office Storage House 1 Tenant House Turkey Broiler House Cattle Barn Pump House
Northwest Branch Station Foreman's House Machine Shed Barn Office Laying House Tenant House Tenant House Tenant House Dairy Barn Dairy Barn Poultry Brooder House TOTAL BUILDINGS

1952 1952 1952 1952 1952 1952 1952 1953 1953 1953
1952 1952 1952 1952 1952 1952 1953 1954 1953 1954 1953

15,319.12 7,076.40 2,212.10 7,504.55 3,636.00 1,000.00 3,000.00 4,340.48 71.26 529.84

6,000.00

1,722.47

3,097.53

2,663.23

2,731.91

1,759.20

4,077.27

1,388.47

5,569.42 2.524.40

84.00

$124,822.21 $17,473.34 $

15,319.12 7,076.40 2,212.10 7,504.55 3,636.00 1,000.00 3,000.00 4,340.48 71.26 529.84
6,000.00 1,722.47 3,097.53 2,663.23 2,731.91 1,759.20 4,077.27 1,388.47 5,569.42
84.00 2.524.40 $142,295.55

131

UNIVERSITY OF GEORGIA BRANCH EXPERIMENT STATION

STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

C. IMPROVEMENTS OTHER THAN BUILDINGS Southeast Branch Station Water System Fencing and Pastures Other

1952 1952 1952

$ 4,150.17 $ 7,361.15
697.36

603.52 $ 610.80

$ 4,753.69 7,361.15
1,308.16

Southwest Branch Station Water System Fencing 5Pastures Other

1952 1952 1952

$ 2,190.58 $ 6,922.35
663.22

150.34 $ 840.82

$ 2,340.92 6,922.35
1,504.04

Northwest Branch Station

Water System

1952

Fencing and Pastures

1952

Other

1952

TOTAL IMPROVEMENTS OTHER THAN BLDGS.

$ 577.42 $

$

2,853.20

274.60

130.37

$ 25.690.05 $ :2.335.85 $

$ 577.42 2,853.20 404.97
$ 28.025.90

D. EQUIPMENT Research
TOTAL INVESTMENT IN PLANT

$ 65.248.80 $41,205.49 $ S286.784.06 $73,014.68 $

100.00 $106,354.29 100.00 $359,698.74

132

PART VII THE UNIVERSITY OF GEORGIA - COLLEGE EXPERIMENT STATION
ATHENS, GEORGIA
Schedule FF - Schedule KK-2
133

UNIVERSITY OF GEORGIA COLLEGE EXPERIMENT STATION
BALANCE SHEET June 30, 1954
ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand and in Banks
B. RESTRICTED Cash on Hand and in Banks
TOTAL CURRENT FUNDS

$ 8,894.37
46.281.79 $ 55,176.16

II. PLANT FUNDS A. UNEXPENDED Cash on Hand and in Banks

$159,229.29

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

$49,829.07 96,420.24 40.135.16
$186.384.47
$345,613.76
$400.789.92

I. CURRENT FUNDS A. GENERAL Purchase Orders Outstanding Surplus
TOTAL GENERAL FUNDS
B. RESTRICTED Fund Balance
TOTAL CURRENT FUNDS
II. PLANT FUNDS A. UNEXPENDED Fund Balances
B. EXPENDED Invested in Plant
TOTAL PLANT FUNDS
TOTAL LIABILITIES AND SURPLUS

LIABILITIES

$ 1,538.85 7.355.52 $ 8,894.37
$ 46.281.79 $ 55,176.16
$159,229.29
$186.384.47 $345.613.76 $400.789.92

134

UNIVERSITY OF GEORGIA COLLEGE EXPERIMENT STATION
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

EDUCATIONAL AND GENERAL PUBLIC APPROPRIATIONS
State of Georgia Regular Operations
United States Dept, of Agriculture - Ag. Industries & Services Bureau of Animal Industry - Air Sac Bureau Nutrition - Home Economics - Beef Study TOTAL PUBLIC APPROPRIATIONS
GIFTS AND GRANTS FROM PRIVATE SOURCES American Potash Company American Poultry Hatchery Central Soya Chilean Nitrate Educational Fund Distillers Feed Dow Chemical Company Ferro Corporation (Frit Research) G.P.F.E. Society B. F. Goodrich - Chem. Gordon Foods Charles Pfizer Company, Inc. Reynolds Metal Company Savannah Sugar Refining Company Sigma Xi Tennessee Corporation - Copper T.V.A. - Ag. Economics TOTAL GIFTS AND GRANTS
SALES AND SERVICES Agronomy Animal Husbandry Creamery Dairy Farm Food Processing Plant Grain Storage Greenhouse Horticulture Farm Horticulture Research Livestock Farm Poultry Research Savannah Sugar Refining Company TOTAL SALES AND SERVICES

General Income

Restricted

Income

Total

$255,598.00 $

$255,598.00

$255,598.00

10,000.00 8,000.00 2.000.00
$20,000.00

10,000.00 s jo o o .o o 2.000.00 $275,598.00

$

$ 600.00 $ 600.00

2,500.00

2,500.00

1,000.00

l|000.00

3,000.00

3,000.00

800.00

800.00

750.00

750.00

1,500.00

1,500.00

250.00

250.00

7,182.50

7,182.50

,262.00

,262.00

1,000.00

1,000.00

2,400.00

2,400.00

20,000.00 20,000.00

200.00

200.00

300,00

300.00

3.426.00

3.426.00

$

$45,170.50 $ 45.170.50

$ 4,926.63 $ 9,501.34
120,007.71
28,974.98 67,902.14
1,949.15 683.62
8,940.00 3,716.00 8,274.32 51,461.41 6.656.09 $312,993.39 $

$ 4,926.63 9,501.34
120,007.71 28,974.98 67,902.14 1,949.15 683.62 8,940.00 3,716.00 8274.32 51,461.41 6.656.09
$312.993.39

135

UNIVERSITY OF GEORGIA COLLEGE EXPERIMENT STATION

STATEMENT OF CURRENT INCOME (CONTINUED)

A. EDUCATIONAL AND GENERAL (CONTINUED) OTHER Equipment Sales - Creamery TOTAL OTHER
TOTAL COLLEGE STATION INCOME

$ 1.200.00 $

$ 1.200.00

$569,791.39 $65,170.50 $634,961.89

TRANSFER FROM: Educational and General
TOTAL RECEIPTS

$

$ 1.300.85 $ 1.300.85

$569,791.39 $66,471.35 $636,262.74

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

Fund Classification

General

Restricted

Obiect Classification

Salaries

Operating

And Wages

Supplies & Expense

Eauipment

COLLEGE EXPERIMENT STATION Administration Director*s Office

$ 10.657.13 _l_________ $ 9.159.96 $ 1.497.17 $

Research Agricultural Economics

$ 4,453.14

Agricultural Engineering

25,894.10

Agricultural Industries and Serv 11,734.83

Agronomy

32,414.30

Air-Sac Disease Animal Husbandry

19,503.18

Beef Project Biochemistry

1,883.00 4,463.13

Boron Central Soya

Copper Cyanamid Dairy Distillers Feed

23,880.89

Dow Chemical Food Technology Forestry Frit Georgia Feed Association

7,662.16 4,912.71

Goodrich

Gordon Foods Grain Storage Horticulture

1,932.41 11,475.92

Iron Landscape Architecture

2,300.18

Mineral

Minor Elements

Morrison Fund

$ 4,232.67 $ 220.47

22,078.00

3,011.51

11,734.84 20,886.87

2,327.04

24,032.56

4,889.24

6,915.90

3,326.33 10,547.73

3,060.78 8,655.45

1,914.84

3,337.15 3,895.80

357.74
68.88

573.75 642.53 210.10

210.10

527.53

208.51

174.75 20,947.34

33.76 2,187.06

460.81

340.11

120.70

74.25

74.25 6,646.86

815.30

4,912.71

1,046.32 345.10
2,6%.41 339.69

916.53
1,189.50 220.84

76.79 345.10 559.41
90.50

1,932.41

100.00

9,468.83 2,000.04

1,451.84 100.00 300.14

951.16 259.48 294.%

890.56 200.00

60.60 259.48
94.96

136

804.59 255.76 3,492.50 528.79 300.00 102.95 498.45 573.75 115.00
746.49
200.00
53.00
947.50 28.35
555.25

UNIVERSITY OF GEORGIA COLLEGE EXPERIMENT STATION

STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Research (Continued) Peabody Forestry Research Pickle Plant Pathology Potash Experiment Poultry Radioactive Reynolds Metals Savannah Sugar Refining Company Sigma Xi Sodium Soil Testing Sulphur T.V.A. Ag. Economies Tennessee Eastman Kodak TOTAL RESEARCH

$ 16,446.39 79,712.79 6,810.54 20,566.20
$276,045.87

$ 499.91 167.90
100.00
48.34 2,334.64 5,000.00
200.00 5,847.42
120,00 4,556.45 1.210.89 $48,863.20

$ 460.00
13,769.82 100.00
27,729.22
2,334.64 2,060.74
4,784.21 14,830.67
129.00 3,873.71 1.098.75 $211,700.29

$

39.91

167.90

847.21

48,383.77 12.22

8,766.55

807.21 3,876.59

682.74 112.14 $ 95.242.93

$ 1,829.36 3,599.80 36.12
983.25 200.00 256.00 1,858.94
$17,965.85

Sales and Services Creamery Dairy Farm Food Processing Plants Greenhouse Horticulture Livestock Farm TOTAL SALES AND SERVICES

$126,663.45 $ 42,113.95 88,155.19 8,532.20 10,511.79 16.780.19
$292,756.77

$ 27,140.50 19,124.70 10,684.63 6,247.41 7,735.55 8.384.09
$ 79.316.88

$ 89,684.76 22,672.11 77,470.56 2,284.79 1,981.99 7.929.52
$202,023.73

$ 9,838.19 317.14
794.25 466.58 $11,416.16

TOTAL EXPENDED

$579,459.77 $48,863.20 $300.177.13 $298,763.83 $29,382.01

TRANSFER TO:

Plant Funds

$ 1,281.00

Restricted Funds

1,300.85

Donor for Pior Year's Income

$

.09

TOTAL TRANSFERS

$ 2.581.85 $

.09

TOTAL DISBURSEMENTS

$582,041.62 $48,863.29

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS For Year Ended June 30, 1954

Balance Beginning Year

Income For Year

Expense For Year Transfers

Balance End Of Year

GOVERNMENTAL

United States

Department of Agriculture

For Agricultural Engineering For Home Economics - Beef For Forestry

$ 433.99 2,170.28 500.00

Bureau Animal Ind. -Air-Sac Research T.V.A. - Ag. Economics

747.26

TOTAL GOVERNMENTAL

$ 3,851.53

$10, 000.00 2, 000.00
8 , 000.00 3.426.00 $23,426.00

$11,734.84 $(-)1,300.85 $

1,914.84

2,255.44

499.91

.09

6,915.90

1,831.36

4.556.45_____________(-) 1.130.45

$25,621.94 $(-)1.300.76 $ 2.956.35

137

UNIVERSITY OF GEORGIA COLLEGE EXPERIMENT STATION

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (CONTINUED)

GIFTS Am. Cyanamid Co. - For Cyanamid Am. Potash Co. - For Potash

$ 1,332,02 3,413.59

Am. Poultry Hatchery Anonymous - For Dairy Central Soya Co. - Dairy Chilean Nitrate Ed. - For Sodium Corning Glass Works - For Dairy

158.43 494.55 8,997.30 285.22

Distillers Feed

Dow Chemical Company Ferro Corp. - For Frit Georgia Feed Association

235.92 345.10

B. F. Goodrich - For Chem.

Gordon Foods - For Food Tech.

G.P.F.E. Society Hoffman-LaRoche Co. - For Pickle Res.

167.90

Internat. Min. & Chem. Corp. - Hort Internat. Min. & Chem. Corp. - Iron Morrison Fund - For Dairy Pacific Coast Borax Co. - Boron

951.16 1,160.77
307.96 1,449.31

Charles Pfizer Company, Inc. Radioactive - For Experiment Reynolds Metals Co. - Animal Husb.

1,892.00 105.80

Savannah Sugar Ref. Co. - For Gifts

Sigma Xi - For Dairy

Tennessee Corporation - Copper

113.67

Tennessee Corp. - Minor Elements

1,752.17

Tenn. Eastman Co. - For Agronomy

1,300.00

Texas Gulf Sulphur Co. - For Sulphur

359.33

TOTAL GIFTS

$24.822.20

$ 600.00
2,500.00 1,000.00 3,000.00
800.00 750.00 1,500.00 7,182.50 262.00 250.00
1,000.00 2,400.00 20,000.00
200.00 300.00
$41.744.50

$ 208.51 $ 100.00
642.53 5,847.42
460.81 74.25
1,046.32 345.10
2,696.41 339.69
167.90 951.16 100.00 294.96 573.75
48.34 2,334.64 5,000.00
200.00 210.10 259.48 1,210.89 129.00 $23.241.26 _J___________

$ 1,123.51 3,913.59 2,500.00 158.43 852.02 6,149.88 285.22 339.19 675.75 689.60
4,486.09 (-)77.69
250.00
1,060.77 13,00
875.56 1,000.00 1,843.66
171.16 15,000.00
203.57 1,492.69
89.11 230.33 $43.325.44

GRAND TOTAL

$28.673.73 $65.170.50 $48.863.20 $(-)!.300.76 $46.281.79

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

CURRENT FUNDS General Restricted TOTAL CURRENT FUNDS
PLANT FUNDS TOTAL
National Bank of Athens

Cash Balance Receipts Julv . 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

$21,144.60 28.673.73
$49.818.33
$28.986.35
$78.804.68
BANK BALANCES

$569,791.39 $582,041.62 66.471.35 48.863.29
$636.262.74 $630.904.91 $218.171.00 $ 87.928.06 $854.433.74 $718.832.97
$214.405.45

$ 8,894.37 46.281.79
$ 55.176.16
$159.229.29
$214.405.45

138

UNIVERSITY OF GEORGIA COLLEGE EXPERIMENT STATION
STATEMENT OF UNEXPENDED PLANT FUNDS For Year 1Ended June 30, 1954

Funds For Plant Additions

Funds For Debt Service Total

BALANCE, BEGINNING OF YEAR
ADDITIONS Transfers From Agency Funds From Educational and General
GOVERNMENTAL APPROPRIATIONS From State of Georgia Board of Regents
TOTAL ADDITIONS
DEDUCTIONS Buildings Improvement Other Than Buildings Repairs Equipment
TOTAL DEDUCTIONS
BALANCE, END OF YEAR

$ 28,986.35

$

16,890.00 1,281.00

200.000,00

$218,171.00

$

$ 38,343.42(1) $ 40,135.16 5,366.95 4.082.53

$ 87.928.06

$

$159,229.29

$

$ 28,986.35
16,890.00 1,281.00
200.000.00 $218,171.00
$ 38,343.42 40,135.16 5,366.95 4.082.53
$ 87.928.06 $159,229.29

(1) $28,880.84 of this amount was built at Tifton therefore excluded from assets here, but included there.

STATEMENT OF OPERATIONSI OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

Balance

Receipts

July 1. 1953 Transfers For Year

Disbursements Balance

For Year

June 30. 1954

BUILDINGS College Station Dairy - Animal Husbandry Isolation Building Laborers Cottages

$ 8,000.46

$16,866.42 (-- ).46

$ 43,360.00
30,000.00 12,000.00

$48,554.66(2) 3,290.58
28,880.84(1)

$ 11,671.76 4,709.42 1,119.16 12,000.00

(1) This building was erected at Tifton and is therefore excluded from assets here but included as Tifton assets.

I

(2) Distributed:

Improvements Other Than Buildings

Buildings

Repairs

TOTAL

$ 40,135.16 4,333.55 4.085.95
$ 48.554.66

139

UNIVERSITY OF GEORGIA COLLEGE EXPERIMENT STATION

STATEMENT OF OPERATIONS OF UNEXPENDED PLANT FUNDS (CONTINUED)

BUILDINGS (CONTINUED) Cattle Feed Shed Poultry Building Poultry Test. Building TOTAL BUILDINGS

$ $ 8.00.46

$

$ 10,000.00 $

$ 10,000.00

94,500.00 1,135.75 93,364.25

16.890.00

702.70 16.187.30

$ 33.755.% $189,860.00 $82,564.53 $149,051.89

REPAIRS General Agronomy TOTAL REPAIRS

$16,866.42 $16,866.42

$(-016,866.42 $ 1.281.00
$(-)15.585.42 $

$

$

1.281.00

$ 1.281.00 $

EQUIPMENT Livestock Farm Animal Husbandry Drill Well A. H. Water Lines-FNTS Poultry TOTAL EQUIPMENT
TOTAL COLLEGE PLANT FUNDS

$ 2,438.37 1,681.10
$ 4.119.47 $28,986.35

$

$

.46

$ 2,400.00 $ 1,682.53

38.37 (-).97

2.500.00

2,500.00

2.140.00

2.140.00

5.500.00

5.500.00

$

.46 $ 10.140.00 $ 4.082.53 $ 10.177.40

$ 18.171.00 $200,000.00 $87,928.06 $159,229.29

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

BUILDINGS Dairy Barn - Lab. Lounging Barn - Dairy Poultry Laying House Poultry Building Poultry Testing Building TOTAL BUILDINGS
IMPROVEMENTS OTHER THAN BUILDINGS Animal Husbandry - Pasture Improv. Dairy - Pasture Improvement TOTAL IMPROVEMENTS
REPAIRS Two Labor Houses Agro. Tenant House Dairy Manufacturing Lab. Miscellaneous TOTAL REPAIRS
EQUIPMENT Research

Investment

Year

Beginning

Acquired Of Year____ Additions

Investment End Deductions Of Year

1952 1953 1953 1953 1953
1953 1953
1953 1953 1953

$34,999.54 $

$

3,290.58

4,333.55

1,135.75

702.70

$34,999.54 $ 9.462.58 $

$

$30,033.70 $

10.101.46

$

$40,135.16 $

$

$ 480.90 $

1,281.00

3,494.88

110.17

$

$ 5.366.95 $

$35,758.26 $17,%5.68 $

$ 34,999.54 3,290.58 4,333.55 1,135.75 702.70
$ 44.462.12
$ 30,033.70 10.101.46
$ 40.135.16
$ 480.90 1,281.00 3,494.88 110.17
$ 5.366.95
$ 53,723.94

140

UNIVERSITY OF GEORGIA COLLEGE EXPERIMENT STATION

STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

EQUIPMENT (CONTINUED) Services Related Animal Husbandry Livestock TOTAL EQUIPMENT
TOTAL PLANT INVESTMENT

$24,317.08 $11,416.16 $ 818.90 1, 682.53
2.061.63 2.400.00 $62,955.87 $33,464.37 $
$97,955.41 $88,429.06 $

$ 35,733.24 2, 501.43 4.461.63
$ 96.420.24
$186,384.47

(1) $28,880.04 additional was expended from this station for Tifton. This amount is added there.

141

PART Vili THE UNIVERSITY OF GEORGIA - GEORGIA EXPERIMENT STATION
EXPERIMENT, GEORGIA
Schedule LL - Schedule RR-2
143

UNIVERSITY OF GEORGIA GEORGIA EXPERIMENT STATION

BALANCE SHEET June 30, 1954

ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand and in Banks

$ 8,971.14

B. RESTRICTED Cash in Banks Due from T.V.A. Due from Quartermaster Due from S. C. (Clemson) Experiment Station

$ 94,968.14 585.00
7,900.43 351.19

TOTAL RESTRICTED FUNDS

$ 103.804.76

TOTAL CURRENT FUNDS

112,775.90

II. PLANT FUNDS A. UNEXPENDED Cash in Banks

6,698.09

B. INVESTED IN PLANT Land Buildings Equipment Improvements Other Than Buildings

$229,881.94 834,906.10 607,648.74 5.994.34

TOTAL INVESTED IN PLANT

$1,678,431.12

TOTAL PLANT FUNDS

$1.685,129.21

TOTAL ASSETS

$1.797.905.11

NOTE: Buildings are valued at Cost. Based on an appraisal made during 1953-54, buildings had a sound value of $1,236,400.

UNIVERSITY OF GEORGIA GEORGIA EXPERIMENT STATION

BALANCE SHEET June 30, 1954

LIABILITIES

I. CURRENT FUNDS A. GENERAL Accounts Payable Purchase Orders Outstanding Surplus

$ 8,971.14

TOTAL GENERAL FUNDS
B. RESTRICTED Fund Balances

$ 8,971.14 103.804.76

TOTAL CURRENT FUNDS
II. PLANT FUNDS A. UNEXPENDED Fund Balances

$ 112,775.90 $ 6,698.09

B. INVESTED IN PLANT Equity of University System Bldg. Auth. Net Invested in Plant

308,446.20 1.369.984.92 1.678.431.12

TOTAL PLANT FUNDS

1.685.129.21

TOTAL LIABILITIES AND SURPLUS

$1.797.905.11

145

UNIVERSITY OF GEORGIA GEORGIA EXPERIMENT STATION
STATEMENT OF CURRENT INCOME For Year Ended June 30. 1954

PUBLIC APPROPRIATIONS State of Georgia Regular Operations United States Hatch Fund Adams Fund Purnell Fund Bankhead-Jones 5, Fund Bankhead-Jones 9, Fund Regional Research Fund (9b3) Title II Fund TOTAL PUBLIC APPROPRIATIONS
GIFTS AND GRANTS Chemagro (Pittsburg Ag. Chem, Co.) Columbia Southern Chemical Company Container Corporation of America Dow Chemical Company E. I. DuPont Company Georgia Institute of Technology Hercules Powder Company Julius Hyman Division (Shell Corp.) Quartermaster Depot Refrigeration Research Foundation Tennessee Corporation Tennessee Valley Authority United States Dept, of Agriculture Velsicol Corporation TOTAL GIFTS AND GRANTS
SALES AND SERVICES Bulletins Dairy Products Farm Products Food Processing Products Forestry Products Eatonton Timber Sales Horticulture Products Livestock Miscellaneous Rabbits Scrap Iron Seed Revolving Used Equipment Wool TOTAL SALES AND SERVICES

General Income

Restricted Total

Income

Income

$206,050.00 $ 12,950.00 $219,000.00

$206,050.00

15,000.00 15,000.00 60,000.00 98,402.95 137,787.52 74,475.00 17.750.00 $431,365.47

15,000.00 15,000.00 60,000.00 98,402.95 137,787.52 74,475.00 17.750.00 $637,415.47

$

$ 750.00 $ 750.00

500.00

500.00

70.00

70.00

750.00

750.00

300.00

300.00

6,300.00

6,300.00

2,250.00

2,250.00

1,000.00

1,000.00

20,016.80 20,016.80

3,250.00

3,250.00

1,000.00

1,000.00

14,511.71 14,511.71

1,500.00

1,500.00

1.750.00

1.750.00

$

$ 53.948.51 $ 53.948.51

$ 226.10 12,051.15 15,929.20 467.80 800.00
4,383.03 12,020.80
116.98 21.45
262.16
762.39 626.51 $ 47.667.57

$ 361.66
16,999.22
287.50 34,291.41
7,668.81 176.07
12,304.00
$ 72.088.67

$ 226.10 12,412.81 32,928.42 467.80 1,087.50 34,291.41 4,383.03 19,689.61 293.05 21.45 262.16 12,304.00 762.39 626.51
$119,756.24

Includes $500.00 transferred from Virginia Experiment Station.

146

UNIVERSITY OF GEORGIA GEORGIA EXPERIMENT STATION

STATEMENT OF CURRENT INCOME (CONTINUED)

OTHER SOURCES Rents from Property A.A.A. Parity Handling Funds for Southern Piedmont Station TOTAL FROM OTHER SOURCES
TOTAL CURRENT INCOME
TRANSFERS FROM: Escrow Funds
TOTAL CURRENT RECEIPTS

$ 6,823.36 620.00 240.00
$ 7.683.36

$ 2,713.64 $ 2.713.64

$ 9,537.00 620.00 240.00
$ 10.397.00

$261,400.93 $560,116.29 $821,517.22

$ 1.500.00 $ 1.500.00 $261,400.93 $561,616.29 $823,017.22

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

ADMINISTRATIVE AND GENERAL Comptroller*s Office Director's Office General TOTAL ADMIN & GENERAL
PHYSICAL PLANT
LIBRARY
ORGANIZED RESEARCH Agricultural Economics Agricultural Engineering Agronomy - Crop Section Agronomy - Forage & Past. Agronomy - Soils Section Animal Industry S-3 An. Ind. Reg. CPES Chemistry Eatonton Area Project Entomology Food Processing Forestry Ga. Mountain Station Home Economics Regional Housing S-8 Title II Poultry ES-143 Horticulture Plant Pathology Primary Station S-9

Fund Classification

General

Restricted

Salaries And Wages

Object Classification

Operating

Supplies &

Expenses

Equipment

$ 3,953.00 $ 1,200.00 $ 5,153.00 $

$

6,755.49

4,959.06 10,750.00

964.55

18.707.62

3.233.92

7.632.81 14.209.05

$ 29.416.11 $ 9.392.98 $ 23.535.81 $ 15.173.60 $

99.68 99.68

$ 45.347.65 $

$ 11.549.96 $ 32.069.26 $ 1.728.43

$ 3.245.26 $ 4.061.08 $ 4.020.00 $ 836.65 $ 2.449.69

$ 7,301.53 5,732.32
37,032.43 485.99
13,051.31 24,739.67
4,944.93
3,757.58 6,005.82 4,790.94 39,725.24 1,755.02
21,204.07 14,944.18
375.42

$ 76,657.19 10,900.00 33,345.07 18,275.54 9,722.55 50,735.41 3,000.00 21,592.87 99,950.10 18,035.75 52,299.09 3,000.00 24,664.09 20,099.87 7,654.20 4,635.59 27,861.71 27,954.94 18,500.00

$ 69,346.42 12,589.53 55,425.21 16,097.49 18,065.50 49,184.44 2,500.00 21,675.59 42,735.42 16,773.78 46,278.26 5,597.20 52,167.47 18,797.47 4,381.30 4,171.07 42,199.81 38,809.98 13,296.56

$ 14,612.30 2,386.60
10,471.21 1,889.04 3,216.26
22,448.00
2,322.57 27,558.15
1,967.70 6,208.76 1,242.03 10,209.72 2,4%.02 1,017.96
464.52 5,091.77 2,294.14 3,103.31

$ 1,656.19 4,481.08 775.00 1,492.10 3,842.64 500.00 2,539.64
29,656.53 3,051.85 5,817.89 951.71 2,012.14 561.40 2,254.94
1,774.20 1,795.00 2,475.55

147

UNIVERSITY (F GEORGIA GEORGIA EXPERIMENT STATION

STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

ORGANIZED RESEARCH (CONTINUED) Regional SM-7 Trust Regional S-15 Trust Regional S-8 Trust Agronomy-Tifton Ag. Economics - Athens Ag. Engineering - Athens Agronomy - Mg. Studies Southern Piedmont Exp. Station Regional S-9 Trust Regional Poultry S-7-Athens Regional S-7 Trust Seed Revolving Fund TOTAL RESEARCH
TOTAL CURRENT EXPENDITURES

$ 26.21
$185.872.66

$ 4,000.00 3,000.00 1,500.00 5,994.69 3,913.21 891.68 734.09 16,645.84 1,500.00 18,500.00 1,500.00 6.511.37
$593.574.85

$ 1,625.05 2,000.00
5,366.67 2,587.49
489.98 12,345.01
85.43
$554.592.13

$ 2,374.95 1,000.00 1,500.00 628.02 1,351.93 650.36 78.14 4,238.39 1,414.57 61.95 1,474.20 6.511.37
$140.283.94

$
241. 32 165.,97 62.,44 18,438.,05
25..80 $84.571..44

$263,881.68 $607,028.91 $593.697.90 $188.363.45 $88.849..24

TRANSFERS TO: Escrow Funds

________________ 4.500.00

TOTAL

$263.881.68 $611.528.91

STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year Ended June 30, 1954

Balance Beginning Of Year

Income For Year

Expense For Year

Balance End Of Year

Chemagro (Pittsburg Ag. Chen. Co.) Columbia Southern Chemical Company
Container Corporation of America Dow Chemical Company E. I, DuPont Company Eatonton Timber Sales Eatonton Sales and Rent Escrow Funds - Timber Georgia Canners Association Georgia Institute of Technology Hercules Powder Company Julius Hyman Division (Shell Corp.) International Mineral & Chemical Company National Confectioner's Association Production Marketing Association Quartermaster Depot Refrigeration Research Foundation S. C. (Clemson Experiment Station) Southern Piedmont Experiment Station

$ 813.06 188.76
124,073.92
4,500.00 37.45
62.69 1,313.13 2,510.43
303.53 432.70 (-)7,710.98 5,877.14

$ 750.00 500.00 70.00 750.00 300.00
34,291.31 10,628.94
1,500.00
6,300.00 2,250.00 1,000.00
20,016.80 3,250.00

1,491.89* 17,577.%

$ 699.20 $ 863.86 688.76

70.00

750.00

78.54

221.46

89,321.16 69,044.17

10,628.94 4,500.00

1,500.00

37.45

6,300.00

919.37 1,393.32

1,036.22 1,276.91

744.52 1,765.91

303.53

432.70

20,206.25 (-)7,900.43

2,908.89 6,218.25

351.19 (-)351.19

16,645.84 2,424.01

. Southern Piedmont Experiment Station i Luded in this report for the first time

UNIVERSITY OF GEORGIA GEORGIA EXPERIMENT STATION

STATEMENT OF OPERATION OF RESTRICTED FUNDS (CONTINUED)

Tennessee Corporation Tennessee Valley Authority U.S. Department of Agriculture U.S. Public Health Service Velsicol Corporation Seed Revolving Fund Hatch Fund Adams Fund Purnell Fund Bankhead-Jones 5, Fund Bankhead-Jones 9, Fund Regional Research Fund Title II Fund State Fund to Match Title II State Fund to Match S-8 Regional State Fund for Poultry Project
TOTALS

$ (-)96.71 1,609.21 15.39 7,037.19
2,104.00 317.96
$144,880.76

$ 1,000.00 14,511.71 1,500.00
1,750.00 12,304.00 15,000.00 15,000.00 60,000.00 98,402.95 137,787.52 74,475.00 17,750.00 11,450.00
1,500.00
$561.616.29

$

75.71

15,000.00

1,252.71

1,609.21

640.85

6,511.37

15,000.00

15,000.00

60,000.00

98,402.95

137,787.52

74,475.00

17,527.29

11,227.29

1,654.20

181.01

$611.528.91

$ 924.29 (-)585.00 247.29 1,124.54 12,829.82
222.71 222.71 1,949.80 136.95 $94.968.14

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Employee's Bond Account Group Insurance Retirement Fund Sales Tax Social Security Withholding Tax
TOTAL AGENCY FUNDS

Balance Receipts Beginning For Of Year Year

Disbursements Balance

For

End

Year

Df Year

$ 3________

$ 2,125.00 8,999.87
18,056.81 535.85
2,600.18 48.998.24 $81,315.95

$ 2,125.00 8,999.87
18,056.81 535.85
2,600.18 48.998.24 $81,315.95

$ A _____

STATEMENT OF CHANGES IN CASH BALANCE Ended June 30,, 1954

CURRENT FUNDS General Restricted TOTAL CURRENT FUNDS

Cash Balance Receipts July 1. 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

$ 11,451.89 $261,400.93 $263,881.68 144.880.76* 561.616.29 611.528.91
$156,332.65 $823,017.22 $875,410.59

$ 8,971.14 94.968.14
$103,939.28

^Southern Piedmont Experiment Station included in this report for first time this year.

149

UNIVERSITY OF GEORGIA GEORGIA EXPERIMENT STATION

STATEMENT OF CHANGES IN CASH BALANCE (CONTINUED)

AGENCY FUNDS PLANT FUNDS

$ $ 7.285.38

$ 81.315.95 $ 81.315.95 $ 30,226.50 $ 30.813.79

TOTAL

$163.618.03 $934.559.67 $987.540.33

$ $ 6.698.09 $110,637.37

BANK BALANCES
Petty Cash, Georgia Experiment Station State Bank, Griffin, Georgia, Educational and General Account Coflunercial Bank & Trust Co., Griffin, Ga., Educational & General Account Commercial Bank G Trust Co., Griffin, Ga., Agency Funds Commercial Bank & Trust Co., Griffin, Ga., Seed Revolving Fund Commercial Bank & Trust Co., Griffin, Ga., Escrow Funds Commercial Bank & Trust Co., Griffin, Ga., Plant Funds Commercial Bank & Trust Co., Southern Piedmont Experiment Station Sales Fund Petty Cash, Southern Piedmont Experiment Station
TOTAL
STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

$ 300.00 445,42
17,395.36 69,044.17 12,829.82
1,500.00 6,698.09 2,349.01 ______ 75.00
$110.637.37

BALANCE, BEGINNING OF YEAR
ADDITIONS Sale of Property Refund of Architects Fee by Bldg. Authority Fire Insurance Settlement TOTAL ADDITIONS
DEDUCTIONS Expended for Plant Additions A. Land B. Building & Additions to Bldgs., Negro Tenant House Ag. Implement and Mule Shed ; Repairs to Dairy Building Repairs to Flynt Building Electrical Work-Gasoline House Painting Barns C. Improvements Other Than Buildings Running Water Lines, Clearing Grounds, Survey of Land D. Equipment Equipment for Soils Lab. Mountain Station Equipment for Adm. Bldg., Mountain Station TOTAL EXPENDED FOR PLANT ADDITIONS

Funds for Plant Additions

Funds for Debt Service Total

$ 7.285.38 A ______ $ 7.285.38

$16,751.00 $ 6,000.00 7,475.50
$30.226.50 $

$16,751.00 6,000.00 7.475.50
$30.226.50

$18,347.87 $ 2,614.39 3,731.11 90.03 1,681.82 7.40 1,729.24
2,056.16

$18,347.87 2,614.39 3,731.11 90.03 1,681.82 7.40 1,729.24
2,056.16

445.80 109.97 $30.813.79 A ______

445.80 109.97 $30.813.79

150

UNIVERSITY OF GEORGIA GEORGIA EXPERIMENT STATION STATEMENT OF UNEXPENDED PLANT FUNDS (CONTINUED) DEDUCTIONS (CONTINUED) TOTAL DEDUCTIONS BALANCE, END OF YEAR

$30,813.79 $

$30,813.79

$ 6.698.09 $__________$ 6,698.09

SUMMARY OF INVESTMENT IN PLANT As of June 30, 1954
VALUE OF PLANT, JULY 1, 1953
ADDITIONS DURING 1953-54 Expended from Plant Funds Expended from Ed. & Gen. Funds and Included in Current Expenses Adjustment for Prior Years Expended by University System Building Authority
TOTAL ADDITIONS
VALUE OF PLANT, JULY 1, 1953, PLUS ADDITIONS
DEDUCTIONS DURING 1953-54 Land Sold Property Worn Out or Otherwise Disposed Of Adjustments for Prior Years
TOTAL DEDUCTIONS
VALUE OF PLANT, JUNE 30, 1954
LESS: Equity of University System Building Authority
NET INVESTMENT IN PLANT, JUNE 30, 1954
STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

$1,259,273.74
$ 30,813.79 91,239.88 3,000.00
319.082.27 444.135.94
$1,703,409.68
$ 16,751.00 2,227.56 6 . 000.00 $ 24.978.56 $1,678,431.12
308,446.20 $1.369.984.92

A. LAND Georgia Experiment Station 123 acres 90 acres 315.92 acres 240 acres 251.6 acres 9 acres 64.4 acres 38.22 acres
170.06 acres

Investment

Year

Beginning

Acquired Of Year

Additions

Deductions

Investment End of Year

1889 1907 1937 1941 1942 1943 1945 1952
1954

$ 206,777.40

$

$

16,751.00

190,026.40

(3.235 acres)

9,182.67

18,347.87

9,182.67 18,347.87

151

UNIVERSITY OF GEORGIA GEORGIA EXPERIMENT STATION

STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

A. LAND (CONTINUED) Georgia Mountain Station 200 acres 172 acres TOTAL LAND

1932 1948

IMPROVEMENTS Fencing, Moving Water Lines, Survey
of Land, Clearing Land Telephone Cables
TOTAL LAND & IMPROVEMENTS

B. BUILDINGS Administration Bldg. (Bldg. Authority) Flynt Auditorium Nutrition Labatory Old Hort. Building New Hort. Building Dairy Building Cow Testing Building Calf Sleeping Barn Cattle Sleeping Barn Swine Barn Potato Storage Slaughter House Utility Barn Agronomy Greenhouse Chem. & Hort. Greenhouse Plant Pathology Greenhouse Mud Building General Storage Building Old Mule Barn Fertilizer <& Seed Barn Drying House Sanford Barn New Gin House Food Processing Lab. Residences and Tenants Weighing Office and Shed Barn (Westbrook Farm) Implement Shed - Beef Cattle Peach Packing & Imp. Shed Barn (Back of School) Ag. Implement Shed Forage Crop & Grain Dryer Sheep Barn Sheep Shed Cattle Feeding Shed Mule Feeding Shed Pump House Trailer (Housing) New Greenhouse

1954 1929 1908 1940 1896 1948 1940 1941 1925 1928 1925 1930 1935 * 1945 1937 1930 1940
1915 1920 1941 1935 1938 1946 1948
1941 1942 1941 1948 1941 1949 1949 1943 1941 1941 1941 1941 1946 1950

$ 5,500.00 $

$

$ 5.500.00

6.825.00

6.825.00

$228,285.07 $ 18.347.97 $ 16.751.00 $ 229.881.94

$ 3,077.90 $ 2,274.91 $

$ 5,352.81

641.53

641.53

$231,362.97 $ 21.264.31 $ 16.751.00 JL 235.876.28

$

:319,082.27 $

72,427.19

2,073.21

1,900.00

10,083.15

3,000.00

17.60

50,997.55

8,346.89

254.61

1,000.00

500.00

5,000.00

2,000.00 *

700.00

400.00

2,000.00

1,500.00

2,000.00

5,000.00

1,300.00

1,300.00

2,000.00

3,000.00

3,500.00

1,500.00

6,000.00

6,000.00

94,492.42

67,038.19

1,000.00

600.00

1,000.00

600.00

7,000.00

1,000.00

1,500.00

84.23

1,000.00

2.Q00.00

800.00

1,600.00

400.00

200.00

1,000.00

11,619.44

$ 319,082.27 74,500.40 1,900.00 10,083.15 3,017.60 50,997.55 8,601.50 1,000.00 500.00 5,000.00 2,000.00 700.00 400.00 2,000.00 1,500.00 2,000.00 5.000.00
2,000.00 3,000.00 3,500.00 1,500.00 6,000.00 6,000.00 94,492.42 68,038.19
600.00 1,000.00
600.00 7,000.00 1,000.00 1,584.23 1,000.00 2,000.00
800.00 1,600.00
400.00 200.00 1,000.00 ll,619i44

152

UNIVERSITY OF GEORGIA GEORGIA EXPERIMENT STATION

CEMENT OF INVESTMENT IN PLANT (CONTINUED)

BUILDINGS (CONTINUED) Insectary New Adm. Bldg. (Arch. Fees) Hog Farrowing Barn Gasoline House Ent., Forestry, & A. E. Shed Ag. Implement & Mule Shed Negro Tenant House Painting Barns

1950
1952 1953 1953 1953 1953 1953

$ 800.00 $ 6,000.00

$

$

6,000.00

3,771.62

1,245.56

7.40

5,966.45

250.00

3,731.11

2,614.39

2,414.24

800.00
3,771.62 1,252.96 6,216.45 3,731.11 2,614.39 2,414.24

Mountain Station Office & Auditorium Cabin Laboratory Community Cannery Shop & Fert. House Office (Soils) Livestock Barn Two Residences Cow Barn Implement Shed Storage Cellar Exhibit Sheds Drier Dairy Building Three Residences Calf Barn Dairy Barn Sheep Shed Livestock Barn & Machine Shed Materials for New Machine Shed Shop Paint & Labor for Barns Eatonton
Foundation for Shed Office Building Addition to Manager's House '"Addition of Bathrooms on
4 Tenant Houses Athens, Georgia
Reg. Poultry Brooder Houses TOTAL BUILDINGS

1953 1932 1932 1932 1932 1932 1932-38 1932 1940 1935 1940 1940 1948 1948 1948 1949 1949 1949
1949
1953 1953 1953
1953
1954

57,525.61 740.00 725.00 200.00
1,000.00 625.00
3,000.00 25.00 20.00
100.00 130.00 140.00 4,500.00 1,600.00 400.00 3,250.00 750.00 3,000.00 1,319.40
75.00 927.56

927.56

57,525.61 740.00 725.00 200.00
1,000.00 625.00
3,000.00 25.00 20.00
100.00 130.00 140.00 4,500.00 1,600.00 400.00 3,250.00 750.00 3,000.00 1,319.40
75.00

1,070.00 6,500.00 4,700.00

1,070.00 6,500,00 4,700.00

3,780.00

3,780.00

15.713.57

15.713.57

$477,841.03 $365,292.63 $ 8.227.56 $ 834.906.10

EQUIPMENT Trailer Camp Administrative Agricultural Economics Agricultrual Engineering Agronomy Animal Industry Chemistry

$ 300.00 $

$

11,891.70

1,828.11

14,478.27

6,818.22

1,656.19

89,656.80

6,914.15

108,038.64

3,842.64

39,744.45

2,539.64

$

300.00

13,719.81

14,478.27

8,474.41

96,570.95

111,881.28

42,284.09

Buildings leased to Georgia Experiment Station by U. S. Forestry Service.

153

UNIVERSITY OF GEORGIA GEORGIA EXPERIMENT STATION

STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

C. EQUIPMENT (CONTINUED) Eatonton Area Project Entomology Food Processing Forestry Ga. Mountain Experiment Station Home Economics Horticulture Library Plant Pathology Primary Station Regional S-8 Project (Athens, Ga.) Title II Poultry (Athens, Ga.) Carpenter Shop Animal Industry - Tifton, Ga. Ag. Engineering - Athens, Ga. Regional Poultry Lab., Athens, Ga. TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

$ 93,110.50 $ 13,606.53 $

15,343.64

3,051.85

32,040.15

5,817.89

2,359.68

951.71

34,060.25

2,567.91

18,833.23

561.40

29,537.75

1,774.20

23,555.25

2,449.69

17,510.30

1,795.00

6,085.91

2,475.55

4,063.15

2,254.84

359.40

2,282.45

500.00

241.32

2.750.28

$ 5 5a 069.74 $ 57.579.00 $

$1,259,273.74 $444,135.94 $24,978.56

$ 106,717.03 18,395.49 37,858.04 3,311.39 36,628.16 19,394.63 31,311.95 26,004.94 19,305.30 8,561.46 6,318.09 359.40 2,282.45 500.00 241.32 2.750.28
$ 607.648.74
$1,678,431.12

154

PART IX THE UNIVERSITY OF GEORGIA - COASTAL PLAIN EXPERIMENT STATION
TIFTON, GEORGIA
Schedule SS - Schedule XX-1

UNIVERSITY OF GEORGIA COASTAL PLAIN EXPERIMENT STATION

BALANCE SHEET June 30. 1954

ASSETS

I. CURRENT FUNDS A. GENERAL Cash in Bank

$ 18.989.57

TOTAL GENERAL FUNDS

$ 18,989.57

B. RESTRICTED Cash in Bank

22.693.09

TOTAL RESTRICTED FUNDS

22.693.09

TOTAL CURRENT FUNDS

$ 41,682.66

J

II. PLANT FUNDS A. UNEXPENDED Cash in Bank

B. EXPENDED Land Buildings Equipment

$184,675.40

*

5%,382.86

313.372.61

TOTAL EXPENDED

$1,094,430.87

TOTAL PLANT FUNDS

$1,094,430.87

TOTAL ASSETS

$1,136,113.53

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $992,500.

156

UNIVERSITY OF GEORGIA COASTAL PLAIN EXPERIMENT STATION
BALANCE SHEET June 30, 1954
LIABILITIES

I. CURRENT FUNDS A. GENERAL Accounts Payable Purchase Orders Outstanding Surplus
TOTAL GENERAL FUNDS

$ 1,086.02 1,161.16
16.742.39
$ 18,989.57

B. RESTRICTED Fund Balances
TOTAL CURRENT FUNDS

22,693.09 $ 41,682.66

II. PLANT FUNDS A. UNEXPENDED Fund Balance

B. EXPENDED Equity of University System Building Authority Invested In Plant
TOTAL PLANT FUNDS
TOTAL LIABILITIES AND SURPLUS

$135,879.52 958.551.35
1.094.430.87
$1.136.113.53

157

UNIVERSITY OF GEORGIA COASTAL PLAIN EXPERIMENT STATION
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

PUBLIC APPROPRIATIONS State of Georgia Regular Operations
GIFTS AND GRANTS FROM PRIVATE SOURCES American Cyanamid Company Conmercial Solvents Company Georgia Highway Department Ga. Vet. Medicine Association Aux. Grace Chemical Corporation International Minerals & Chemical Corp. McCurdy Seed Company Shell Chemical Corporation Department of Agriculture Tennessee Corporation United States Golf Association TOTAL GIFTS AND GRANTS
SALES AND SERVICES Agricultural Engineering Agronomy Animal Husbandry Animal Pathology Apiculture Dairy Entomology Farm Forage Crops and Pastures Grass Breeding Horticulture Plant Pathology Range Grazing Shade Tobacco Soils Tidewater Station Tobacco Turf TOTAL SALES AND SERVICES
OTHER SOURCES Rents Insurance TOTAL OTHER SOURCES
TOTAL CURRENT INCOME
TRANSFERS FROM: Plant Funds
TOTAL RECEIPTS

General Income

Restricted Total

Income

Income

$275.260.00 $

$275.260.00

$

$ 300.00

2,000.00

4,000.00

25t00

1,000.00

1,500.00

250.00

1,200.00

19,450.00

1,300.00

6.488.40

3___________ $37.513.40

$ 300.00 2,000.00 4,000.00 25.00 1,000.00 1,500.00 250.00 1,200.00 19,450.00 1,300.00 6.488.40
$ 37.513.40

$ 1,163.84 $ 2,885.45
71,541.18 1,326.35 64.19
23,178.33 6.40
12,942.41 511.88
1,520.31 6,128.57
19.81 6,334.64 9,772.23
488.71 2,320.90 9,214.92
77.00 $149.497.12 $

$ 1,163.84 2,885.45
71,541.18 1,326.35 64.19
23,178.33 6.40
12,942.41 511.88
1,520.31 6,128.57
19.81 6,334.64 9,772.23
488.71 2,320.90 9,214.92
77.00 $149.497.12

$ 2,052.00 $ 226.23
$ 2.278.23 $

$ 2,052.00 226.23
$ 2.278.23

$427.035.35 $37.513.40 $464.548.75

$ 4.000.00

$ 4.000.00

$431.035.35 $37.513.40 $468.548.75

158

UNIVERSITY OF GEORGIA COASTAL PLAIN EXPERIMENT STATION
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

ADMINISTRATIVE AND GENERAL Directors Office General TOTAL ADMIN. & GENERAL
PHYSICAL PLANT
LIBRARY
ORGANIZED RESEARCH Agricultural Engineering Agronomy Animal Husbandry Animal Pathology Apiculture Dairy Entomology Farm Forage & Pastures Grass Breeding Horticulture Plant Pathology Range Grazing Shade Tobacco Soils Tobacco Highway Turf Turf TOTAL ORGANIZED RESEARCH
TOTAL CURRENT EXPENSE
TOTAL DISBURSEMENTS

Fund Classification

General

Restricted

Object Classification

Operating

Salaries & Waqes

Supplies &

Expense

Eauipment

$ 15,107.36 $ 12.116.25
$ 27.223.61 $
$ 27.384.17 $
$ 5.943.48 $

$ 14,349.84 $ 757.52 $ 10.00 11.791.25
$ 14.359.84 $ 12.548.77 $

315.00 315.00

$ 9.714.81 $ 16.584.25 $ 1.085.11

$ 3.958.97 $ 1.626.68 $ 357.83

$ 18,888.12 30,779.50 84,386.40 22,025.27 4,859.00 27,277.89 6,028.24 12,332.31 13,749.42 10,731.65 48,769.60 7,631.59 18,414.06 26,432.50 17,654.30 12,049.58
$362,009.43

$
20,085.20
900.00 365.00
139.11 1,292.22 3,495.94 4.479.35 $30,756.82

$ 14,314.21 25,756.63 34,344.36 33,349.83 4,419.96 12,416.08 5,528.17 9,391.32 9,140.57 8,307.50 40,636.44 7,131.12 7,970.50 18,136.75 14,818.33 9,770.14 2,987.86 3.931.32
$262,351.09

$ 3,182.93 4,757.36
33,092.68 8,260.64 303.82 13,178.05 432.57 2,940.99 2,334.35 3,154.06 8,133.16 679.89 8,343.56 8,204.25 2,538.22 3,529.16 508.08 464.53
$104,038.30

$ 1,390.98 265.51
16,949.36 500.00 135.22
1,683.76 67.50
2,274.50 170.09
185.58 2,100.00
91.50 436.86
42.50
83.50 $26,376.86

$422,560.69 $30,756.82 $290,384.71 $134,798.00 $28,134.80

$422,560.69 $30,756.82

STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year Ended June 30, 1954

American Cyanamid Company

Balance Beginning Of Year

*Receipts For Year

Balance

Disbursements End

For Year

Of Year

$

$ 300.00 $

$ 300.00

^Included in Educational and General Income ^Included in Educational and General Expenditures
159

UNIVERSITY OF GEORGIA COASTAL PLAIN EXPERIMENT STATION

STATEMENT OF OPERATION OF RESTRICTED FUNDS (CONTINUED)

Chemagro Corporation Commercial Solvents Company Georgia Highway Department Georgia Vet. Med. Assoc. Aux. Georgia Department of Agriculture Grace Chemical Corporation International Minerals & Chem. Corp. S. E. Massengill Company McCurdy Seed Company Shell Chemical Corp. Stone Mountain Grit Company Tennessee Corporation U.S. Golf Association
TOTAL

$ 300.00
2,016.43
4,000.00 3,000.00
940.06 500.00 300.00 4.880.02 $15.936.51

$ 2,,000.00 4 ,,000.00 25,00
19,,450.00 1,000.00 1,,500.00
250.00 1,,200.00
1,,300.00 6,,488.40 $37,,513.40

$
3,,495. 94
18,,750. 00
750. 00 i-i,314. 65
20. 55 1,,292. 22
150. 00 504. 11 4,,479. 35 $30,,756. 82

$ 300.00 2,000.00
2,520.49 25.00
700.00 1,000.00 4,750.00 1,685.35
229.45 847.84 350.00 1,095.89 6.889.07 $22.693.09

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

CURRENT FUNDS General Restricted TOTAL CURRENT FUNDS
PLANT FUNDS
TOTAL

Cash Balance Receipts July 1. 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

$10,514.91 15.936.51
$26.451.42
$ 3.532.35
$29.983.77

$431,035.35 $422,560.69 37.513.40 30.756.82
$468.548.75 $453.317.51

$18,989.57 22.693.09
$41.682.66

$ 3.459.42 $ 6.991.77

$472.008.17 $460.309.28 $41.682.66

BANK BALANCE Bank of Tifton, Tifton, Georgia - Educational and General Account

$41,682.66

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954
BALANCE, BEGINNING OF YEAR ADDITIONS
Refund of Architect's Fee TOTAL ADDITIONS

Funds for Plant Addition
$3,532.35
3,459.42____ $6,991.77

160

UNIVERSITY OF GEORGIA COASTAL PLAIN EXPERIMENT STATION
STATEMENT OF UNEXPENDED PLANT FUNDS (CONTINUED)
DEDUCTIONS Expended for Plant Additions Repairs Transfer to Educational and General
TOTAL DEDUCTIONS
BALANCE, END OF YEAR

$2,991.77 4.000.00
$6.991.77

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

Investment

Investment

Year

Beginning

End

V

Accruired Of Year

Additions Deductions Of Year

A. LAND

206.22 A Original Tract

1919

$ 20,622.00 $

I

62.97 A Tift #1 Tract

1925

6,297.00

1

60.60 A Tift #2 Tract

1932

6,160.00

109.50 A Henry Tift Tract

1935

10,950.00

56.77 A Mitchell Tract

1935

5,677.00

214.70 A Choats Tract

1936

10,735.00

165.00 A College Tract

1937

16,500.00

552.90 A Carson Tract

1937

36,395.00

1

2.25 A Tifton Realty Tract

1937

225.00

1.00 A Fulwood Tract

1937

300.00

67.00 A Cook County Tract

1938

2,675.00

i

28.13 A Grimes Tract

1940

5,626.00

4.62 A Saunders Tract

1940

1,600.00

428.08 A Decatur Co. Tract

1939

10,626.50

1480.40 A Alapaha Tract

1941

14,804.00

I

47.00 A Alapaha Tract

1941

1,175.00

53.50 A Alapaha Tract

1941

567.75

I

1223.30 A Alapaha Tract

1941

12,844.65

1

50.00 A Cumby Tract

1950

3,000.00

514.00 A Carpenter Tract

1941

17.895.50

$

$ 20,622.00

6,297.00

6,160.00

10,950.00

5,677.00

10,735.00

16,500.00

36,395.00

225.00

300.00

2,675.00

5,626.00

1,600.00

10,626.50

14,804.00

1,175.00

567.75

12,844.65

3,000.00

17.895.50

5275.92 A TOTAL LAND

$184.675.40 $

$

$184.675.40

B. BUILDINGS

Administration Bldg. (Bldg. Auth.) 1954

Research Building

1937

Extension Building

1922

Greenhouse

Greenhouse

Feed Sample House

Engineer's Shop

Farm Machine Shed

Nematology Shop

Car Shed

Main Barn

Superintendent's Dwelling

$

$140,565.02 $

60,000.00

46,500.00

4,000.00

23,337.00

200.00

1,000.00

1,000.00

750.00

1,600.00

6,000.00

4,000.00

$140,565.02 60,000.00 46,500.00 4,000.00 23,337.00 200.00 1,000.00 1,000.00 750.00 1,600.00 6,000.00 4,000.00

161

UNIVERSITY OF GEORGIA COASTAL PLAIN EXPERIMENT STATION

STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

B. BUILDINGS (CONTINUED) Weather Bureau House Horticulture Barn Employee's Cottage Employee's Cottage Employee's Cottage Employee's Cottage Employee's Cottage Employee's Cottage Gin and Seedhouse Potato Curing House Seed Drying House Seed Cleaning House Tobacco Packhouse Tobacco Fertillizer House Tobacco Curing Barn, Stell Tobacco Curing Barn Tobacco Curing Barn Tobacco Curing Barn Tobacco Curing Barn Tobacco Curing Barn Employee's Cottage Tobacco Pathology Packhouse Soils Laboratory Employee's Cottage Employee's Cottage Employee's Cottage Horticulture Main Barn Employee's Cottage Grass Breeding Barn Pump House Garage Employee's Cottage Employee's Cottage Agronomy Barns - 3 @ $4,000 Fertilizer Barn Shed and Storage Barn Agronomy Storage Barn Employee's Cottage Employee's Cottage Employee's Cottage Employee's Cottage Employee's Cottage Dairy and Dairy Barn Breeding Barn Bull Shed Bull Shed Employee's Cottage Employee's Cottage Superintendent's Cottage Gas and Oil House Animal Husbandry Mule Barn Animal Husbandry Machine Shed Animal Husbandry Shop
Animal Husbandry Corn Crib

1949

100.00 $ 500.00 2,000.00 2,100.00 2,000.00 2,150.00 2,100.00 2,000.00 7,650.00 3,000.00 3,500.00 1,200.00 3,400.00 850.00 200.00 300.00 300.00 300.00 300.00 500.00 1,500.00 300.00 1,800.00 800.00 600.00 500.00 4,200.00 400.00 400.00
50.00 400.00 2,000.00 2,000.00 12,000.00 1,000.00 2,000.00 1,000.00 650.00 2,800.00 1,500.00 2,800.00 3,000.00 33,000.00 400.00 200.00 200.00 1,000.00 1,000.00 4,000.00 200.00 8,000.00 1,000.00 200.00
1,000.00

$

$ 100.00

500.00

2,000.00

2,100.00

2,000.00

2,150.00

2,100.00

2,000.00

7,650.00

3,000.00

3,500.00

1,200.00

3,400.00

850.00

200.00

300.00

300.00

300.00

300.00

500.00

1,500.00

300.00

1,800.00

800.00

600.00

500.00

4,200.00

400.00

400.00

50.00

400.00

2,000.00

2,000.00

12,000.00

1,000.00

2,000.00

1,000.00

650.00

2,800.00

1,500.00

2,800.00

3,000.00

33,000.00

400.00

200.00

200.00

1,000.00

1,000.00

4,000.00

200.00

8,000.00

1,000.00

200.00

1,000.00

162

UNIVERSITY OF GEORGIA COASTAL PLAIN EXPERIMENT STATION

STATEMENT OF INVESTMENT IN PLANT

B. BUILDINGS (CONTINUED)

Animal Husbandry Cow Barn

Animal Husbandry Feed & Mill House

Animal Husbandry Cow Barn

Animal Husbandry Storage Barn

Employee's Cottage

Employee's Cottage

Employee's Cottage

Employee's Cottage

Animal Disease Laboratory

Pump House

Animal Disease Isolation House

1954

Animal Disease Small Animal House

Animal Disease Feed House

Employee's Cottage

Employee's Cottage

Employee's Cottage

Employee's Cottage

Employee's Cottage

Employee's Cottage

Garage and Barn

Storage Barn Hog Farrowing House

1951

Cow and Storage Barn

Main Employee's Cottage

Cook County Employee's Cottage

1938

Barn

Shed

Berrien County Shed

1941

Shed (Old Still)

Shed (Pump House)

Employee's Cottage

Main Dwelling

Barn

Corn Crib

Employee's Cottage

Barn

Barn and Shed

Commissary Building

Decatur County

Office and Tobacco Storage Bldg.

Tool and Fertilizer Barn

General Purpose Barn

Tobacco Curing Barn, 40 x 60'

Tobacco Curing Barn, 40 x 120*

Superintendent's Dwelling

1952

Employee's Cottage

Employee's Cottages, 3 $250.00

$ 2,000.00 $

$

2,800.00

3.000. 00

1.000. 00

400.00

1,000.00

200.00

200.00

71,680.74

200.00

28,880.84(1)

1,800.00

300.00

1,000.00

2,800.00

2,000.00

2,000.00

2,000.00

3,300.00

100.00

500.00

2,500.00

1,200.00

2,500.00

$ 2,000.00

2,800.00

3,000.00

1,000.00

400.00 1,000.00

200.00

200.00 71,(>80.74

200.00 28,880.84

1,800.00

300.00 1,000.00

2,800.00 2,000.00

2,000.00 2,000.00

3,300.00 100.00

500.00

2,500.00

1,200.00 2;500.00

2,500.00 400.00 100.00

2,500.00 400.00 100.00

300.00 400.00 300.00 1,000.00 3,500.00 500.00 300.00 2,000.00 500.00 400.00 400.00

300.00 400.00 300.00 1,000.00 3,500.00 500.00 300.00 2,000.00 500.00 400.00 400.00

6,000.00 300.00
4,000.00 1,500.00 3,000.00 11,237.13
300.00 750.00

6,000.00 300.00
4,000.00 1,500.00 3,000.00 11,237.13
300.00 750.00

(1) This building was paid from College Station Funds in Athens.

163

UNIVERSITY OF GEORGIA COASTAL PLAIN EXPERIMENT STATION

STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

B. BUILDINGS (CONTINUED) Decatur County (Continued) Qnployee*s Cottages, 3 @ $200.00 Machine Shed, 86 x 36* Tobacco Curing Barn, 40 x 120* Miscellaneous Buildings

$ 600.00 $ 1,000.00 3,000.00 4.432.13

$

$

600.00

1,000.00

3,000.00

4.432.13

TOTAL BUILDINGS
EQUIPMENT Administrative and General Physical Plant Library Research

$427,937.00 $169,445.86 $ 1. 000.00 $ 5%.382.86

$ 10,567.99 4,050.90
13,668.89 287.512.18

$ 364.50 935.11
1,122.04 7.756.00

$ 200.00
12.405.00

$ 10,932.49 4,786.01
14,790.93 282.863.18

TOTAL EQUIPMENT TOTAL INVESTMENT IN PLANT

$315,799.% $ 10.177.65 $12,605.00 $ 313.372.61 $928,412.36 $179,623.51 $13,605.00 $1,094,430.87

164

GEORGIA

I N S T I T U T E OF T E C H N O L O G Y FINANCIAL REPORT

FOR THE YEAR ENDING JUNE 30, 1954

Georgia Institute of Technology Atlanta, Georgia

165

GEORGIA INSTITUTE OR TECHNOLOGY

BALANCE SHEET JUNE 30, 1954

ASSETS

CURRENT FUNDS A. GENERAL
Cash in Bank Imprest Cash Utilities Deposit - South Tech. Accounts Receivable
Veterand Administration Other-Navy, Army, Etc.
TOTAL GENERAL FUNDS

$31,017.84 2.600.24

126,449.03 44.800.00 3,000.00
33.618.08 $ 207,867.11

B. ENGINEERING EXPERIMENT STATION

Cash in Bank Imprest Cash

$(->131,915.39 100.00

Accounts Receivable

GTRI Projects

$104,495.25

Other Research Contracts

17,032.28

GTRI General

21.705.25

143.232.78

TOTAL ENG. EXP. STATION

$

U , 417.39

RESTRICTED Cash in Bank Accounts Receivable
TOTAL RESTRICTED FUNDS

140,946.72 10.160.32 $

151,107.04

AUXILIARY Cash in Bank Imprest Cash Accounts Receivable
Veterans Administration Other-Army, Navy, Etc. Stores (Inventories) TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

6,657.12 1.908.50

, 248,769.72 4 200.00

8,565.62 95.857.72
$

357.393.06

$ 727,784.60

II AGENCY FUNDS Cash in Bank

$ 181,441.68

III ENDOWMENT FUNDS Cash in Bank Investments Georgia Tech Buildings Real Estate WGSTRadio Station Stocks, Preferred Stocks, Common U. S. Securities Georgia Tech Bonds Univ. System Bldg. Auth. Bonds State Hosp. Auth. Bonds Notes Receivable-Student
TOTAL ENDOWMENT FUNDS

$ 36,174.80

$ 219,225.80 77,629.41 4,915.58 6,562.50 25,931.25 107,600.00 151,000.00
605,000.00 25,000.00 2,803.03

1.225.667.57 $ 1,261,842.37

166

GEORGIA INSTITUTE OF TECHNOLOGY

BALANCE SHEET JUNE 30, 1954

LIABILITIES

I CURRENT FUNDS A. GENERAL Purchase Orders Outstanding Surplus TOTAL GENERAL FUNDS

$ 37,093.55 170.773.56 $ 207,867.11

B. ENGINEERING EXPERIMENT STATION Purchase Orders Outstanding

11,417.39

C. RESTRICTED Fund Balance

151,107.04

D. AUXILIARY Accounts Payable Purchase Orders Outstanding Reserve for Stores Surplus TOTAL AUXILIARY FUNDS

$ 30,980.54 12,558.14 95,857.72
217.9%. 66

357.393.06

TOTAL CURRENT FUNDS

$ 727,784.60

II AGENCY FUNDS Fund Balance

181,441.68

III ENDOWMENT FUNDS Fund Balance

1,261,842.37

167

GEORGIA INSTITUTE OF TECHNOLOGY

BALANCE SHEET JUNE 30, 1954

ASSETS (CONTINUED)

IV STUDENT LOAN FUNDS Cash in Bank Student Notes Receivable Investments U. S. Government Bonds TOTAL STUDENT LOANS

$ 45,269.92 43,198.44
27.050.00 $ 115,518.36

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

$ 198,809.89 259.956.05 $ 458,765.94

B. EXPENDED Land Buildings Improvements Other Than Buildings
'Equipment TOTAL EXPENDED

$ 1,327,068.95 12,571,981.42 2,935.802.48 6.606.059.52

$23.440.912.37

TOTAL PLANT FUNDS

$23.899.678.31

TOTAL ASSETS

$26.186.265.32

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $19,048,800.

GEORGIA INSTITUTE OF TECHNOLOGY

BALANCE SHEET JUNE 30, 1954

LIABILITIES (CONTINUED)

IV STUDENT LOANS Fund Balance

$ 115,518.36

V PLANT FUND A. UNEXPENDED Reserve for Bond Sinking Fund Reserve for Callaway No. 1 Fund Balance TOTAL UNEXPENDED

224,615.52 13,236.98
220.913.44 $

458,765.94

B. EXPENDED Due to Endowment Funds Bonds Payable Equity of University System Building Authority Invested in Plant TOTAL EXPENDED

$ 219,225.80 2,405,000.00 3,525,353.68
17.291.332.89 $23.440.912.37

TOTAL PLANT FUNDS

$23.899.678.31

TOTAL LIABILITIES

$26.186.265.32

169

GEORGIA INSTITUTE OF TECHNOLOGY
SUMMARY OF INCOME AND EXPENDITURES For Year Ended June 30, 1954

170

EDUCATIONAL AND GENERAL

Experiment

General

Restricted Station

Auxiliary

Plant

Student Aid Total

A. INCOME Student Fees Public Appropriations State of Georgia Other Endowment Gifts and Grants Sales and Services Bookstore Dormitories Apartments Dining Halls Residential Property Student Bank Military Uniforms Other TOTAL INCOME

$1,852,524.50 $

$

!>

$

$

$1,852,524.50

1,569,880.00 12,002.08
123.090.35 $3.557.496.93

21,251.93 120,800.00
$142.051.93

89,000.00 6,901.05
1,414,833.70
$1.510.734.75

553,295.31 336,528.18 276,706.82 785,817.85
24,839.09 2,551.63
79,036.07 4.986.62
$2.063.761.57

10,000.00 83,174.65 12,413.62
7.807.78 $113.396.05

11,450.70 163,245.08
$174.695.78

1,668,880.00 104,426.58 30,353.83 296,458.70
1,414,833.70 553,295.31 336,528.18 276,706.82 785,817.85 24,839.09 2,551.63 79,036.07 135.884.75
$7.562.137.01

B. EXPENDITURES

EDUCATIONAL AND GENERAL

Administrative and Gen. $ 330,945.14 $ 800.00 $

$

Student Welfare

104,706.98

Plant Operations

501,399.04

Library

134,753.60 15,234.80

Instruction

1,812,772.79 60,124.29

Research

46,825.02

Extension

430,548.75 22,403,89

ENGINEERING EXP. STA.

GTRI - Projects

1,096,835.08

Other Sponsored Rsch. Services to Ga. Tech

25,010.19 5,420.64

Cooperative Rsch.

22,290.26

Sta. Sponsored Rsch.

54,355.59

Terminations-Cont.-Disallow.

14,941.81

Administrative Expense

60,309.28

$

$

$ 331,745.14

104,706.98

501,399.04

149,988.40

1,872,897.08

46,825.02

452,952.64

1,096,835.08 25,010.19 5,420.64 22,290.26 54,355.59 14,941.81 60,309.28

GEORGIA INSTITUTE OF TECHNOLOGY SUMMARY OF INCOME AND EXPENDITURES (CONTINUED)

EDUCATIONAL AND GENERAL

Experiment

General

Restricted

Station

Auxiliary

Plant

Student Aid Total

B. EXPENDITURES (CONT'D)

ENGINEERING EXP. STA. (Cont'd)

Divisional Expense

$

Service Groups

$

$ 122,053.62 $

208,436.80

$

$ 122,053.62

208,436.80

General & Miscel.

143,879.98

143,879.98

AUXILIARY ENTERPRISES

Bookstore

476,163.41

476,163.41

Dormitories

219,119.62

219,119.62

Apartments

164,459.01

164,459.01

Dining Halls

769,086.14

769,086.14

Residential Property

11,013.64

11,013.64

Military Uniforms

86,624.74

86,624.74

Student Bank

1,999.95

1,999.95

Miscellaneous & Gen.

58,795.27

58,795.27

^ PLANT

Plant Additions

435,763.26

435,763.26

Indebtedness Retired

121,780.99

121,780.99

Interest on Indebtedness

63,553.46

63,553.46

Other

22,982.96

22,982.%

OTHER NON-EDUCATIONAL

Fellowships

28,080.36

28,080.36

Scholarships

127,732.59

127,732.59

Other

___

6.269.56

6.269.56

TOTAL EXPENDITURES

$3.361.951.32 $240.614.91 $1.753.533.25 $1.787.261.78 $644.080.67 $162.082.51 $7.807.472.51

GEORGIA INSTITUTE OF TECHNOLOGY

STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

General Income

Restricted Income

Total

EDUCATIONAL AND GENERAL STUDENT FEES
DAY SCHOOL Non-Resident Tuition Matriculation Health Service Summer School Other
EXTENSION DIVISION Non-Resident Tuition Matriculation Other
SOUTHERN TECHNICAL INSTITUTE Non-Resident Tuition Matriculation Health Service Other TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia - Operations Vocational Funds State Federal TOTAL PUBLIC APPROPRIATIONS
ENDOWMENT Julius Brown Josephine Cloudman Forrester-McRae-Rankin Edmund Magers TOTAL ENDOWMENT
GIFTS AND GRANTS Mrs. Mary Howard Gilbert Estate-Library Ga. Tech Alumni Foundation General Educ. Board-Architecture General Educ. Board-Library TOTAL GIFTS AND GRANTS
OTHER SOURCES Research Contract Overhead Gen. & Misc. Income TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME

$ 555,866.63 $ 687,329.07
64,761.25 133,894.99
8,500.86

$ 555,866.63 687,329.07 64,761.25 133,894.99 8,500.86

42,160.43 182,377.53
2,686.60

42,160.43 182,377.53
2,686.60

29,829.44 136,177.10
5,586.70 3.353.90 $1.852.524.50 _ J ___________

29,829.44 136,177.10
5,586.70 3.353.90 $1.852.524.50

$1,569,880.00 $1.569.880.00

$
6,030.51 15.221.42 $ 21.251.93

$1,569,880.00
6,030.51 15.221.42 $1,591.131.93

$ 7,376.14 $

$ 7,376.14

4,560.18

4,560.18

63.26

63,26

2.50

2.50

$ 12.002.08 _ J ___________ $ 12.002.08

$

$ 50,000.00 $ 50,000.00

800.00

800.00

60,000.00

60,000.00

10.000.00

10.000.00

$120.800.00 $ 120.800.00

$ 109,455.25 13.635.10
$ 123.090.35
$3.557.496.93

$

$ 109,455.25

13.635.10

$___________ $ 123.090.35

$142.051.93 $3.699.548.86

172

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT INCOME (CONTINUED)

General Income

Restricted Income

Total

A. EDUCATIONAL AND GENERAL (CONT'D) TRANSFERS FROM: Plant Funds General Funds TOTAL TRANSFERS
TOTAL EDUCATIONAL AND GENERAL RECEIPTS
B. ENGINEERING EXPERIMENT STATION INCOME FOR DIRECT EXPENDITURES Ga. Tech Research Inst.-Contracts Other Sponsored Research Services to Ga. Tech Cooperative Research TOTAL INCOME FOR DIRECT EXPENDITURES
INCOME FOR INDIRECT EXPENDITURES AND STATION SUPPORTED RESEARCH
Ga. Tech Research Inst.-Contracts Other Sponsored Research Services to Georgia Tech Cooperative Research Service Groups Miscellaneous Income Ga. Tech Research Institute Endowment Income
Daniel Guggenheim Fund Philip H. Lamar Louis Wellhouse End. Fund Public Appropriations State of Georgia-Operations
TOTAL ENG. EXP. STA. RECEIPTS
TOTAL EXPERIMENT STATION INCOME
TRANSFERS FROM: General Funds Plant Funds TOTAL TRANSFERS
TOTAL ENGINEERING EXPERIMENT STA. RECEIPTS
C. AUXILIARY ENTERPRISES BOOKSTORE
DORMITORIES Brown Cloudman Glenn Harris Harrison Howell

$ 2,228.67 $ 2.228.67 $3.559.725.60

$ 10.000.,00
$ 10.000.,00
$152.051,.93

$ 2,228.67 10.000.00
$ 12.228.16
$3.711.777.53

$1,016.044.98 $ 18,154.95 5,079.27 13.556.93
$1.052.836.13 _ 3 ______

$1,016,044.98 18,154.95 5,079.27 13.556.93
$1.052.836.13"

$ 330,328.02 $ 6,415.23 1,236.50 473.21 16,949.53 95.00 6,500.00
6,368.77 470.45 61.83
89.000.00 $ 457.898.62 $
$1.510.734.75 $
$ 109,455.25 $ 6.105.24
$ 115.560.49 $
$1.626.295.24 $
$ 553.295.31 $
$ 12,954.24 $ 15.396.00 66.976.00 14,087.50 24.974.40 21.961.40

$ 330,328.02 6,415.23 1,236.50 473.21 16,949.53 95.00 6,500.00
6,368.77 470.45 61.83
89.000.00 $ 457.898.62
$1,510.734.75
$ 109,455.25 6.105.24
$ 115.560.49
$1.626.295.24
______ 1 553.295.31
$ 12,954.24 15.396.00 66.976.00 14,087.50 24.974.40 21.961.40

173

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT INCOME (CONTINUED)

C. AUXILIARY ENTERPRISES (Continued) DORMITORIES (Cont'd) Smith Technical Institute Techwood Towers TOTAL DORMITORIES
APARTMENTS Burge Callaway Callaway No. 1 Lawson TOTAL APARTMENTS
DINING HALLS Brittain Southern Tech. Institute Bradley Dining Hall Fraternity Sales TOTAL DINING HALLS
RESIDENTIAL PROPERTY Regular Trust Fund Property TOTAL RESIDENTIAL PROPERTY
STUDENT BANK
MILITARY UNIFORMS
YMCA CAMP INCOME
OTHER
TOTAL AUXILIARY ENTERPRISE INCOME
TRANSFERS FROM: Plant Funds
TOTAL AUXILIARY ENTERPRISE RECEIPTS
D. STUDENT AID ENDOWMENT Architects Alumni Prize Fund Lloyd C. Daniels Library Fund Silent Hoist & Crane Prize Fund Broadus E. Willingham Textile Fund Batson Fund John P. Holmes Fund Lowry Fund TOTAL ENDOWMENT

General Income

Restricted Income

Total

$ 58,754.00 $ 30,727.97 49,867.57 40.829.10
i_ 336.528.18

$ 58,754.00 30,727.97 49,867.57 40.829.10
336.528.18

$ 48,575.55 $ 119,813.62 5,707.88 102.609.77
$ 276.706.82 $

$ 48,575.55 119,813.62 5,707.88 102.609.77
$ 276.706.82

$ 411,250.66 $ 104,149.42 170,618.92 99.798.85
$ 785.817.85 $

$ 411,250.66 104,149.42 170,618.92 99.798.85
$ 785.817.85

$ 12,206.50 $ 12.632.59
L. 24.839.09 $

i_ 2.551.63 $

1_ 79.036.07 $

$

270.00 $

$ 4.716.62 $

$2,063,761.57 $

$ 12,206.50 12.632.59
$ 24.839.09

$ 2.551.63

$ 79.036.07

$

270.00

$ 4.716.62

$2,063,761.57

1.037.97 $

___ $ 1,037.97

$2,064,799.54 _J______

$2,064,799.54

$
1_______ 174

$

18.00 $

125.00

18.00 125.00

150.00

150.00

25.00

25.00

274.35

274,35

191.26

191,26

10.667.09

10.667.09

$ 11.450.70 $ 11.450.70

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT INCOME (CONTINUED)

D. STUDENT AID (CON'T) GIFTS AND GRANTS Air Force Aid Society Alexander-Tharpe Sch. Fund, Inc. Aluminum Co. of America Louis Allis American Brake Shoe Co. American Enka Corporation American Viscose Corporation Amvets National Service Foundation Anonymous Armco Foundation Atlantic Refining Company Birmingham Georgia Tech Alumni Fund Shepard Broad Callaway Mills Camp Foundation Richard K. Whitehead Foundation, Inc. Central High School, Chattanooga, Tenn. Clark Brothers Company The Coca-Cola Company The Colonial Dames of America Community Enterprises, Inc. H. Dale Critz Foundation, Inc. Douglas Aircraft Co. Inc. Dow-Coming Corporation Anonymous First Baptist Church, Spartanburg, S. C. Gas Fuel Technology Foundation Gas Institute of Georgia General Electric Company Green's Fuel, Inc. Greater Atlanta Plymouth Asso. Gulf Oil Company Holeproof Hosiery Company Hawthorn School of Aeronautics Humble Oil Company Houston Endowment, Inc. The Kappa Alpha Edu. Found. Inc. The Keever Starch Company John King Memorial Fund Knox Foundation, Inc. Liquid Petroleum Gas Asso. Inc. Lockheed Leadership Fund Lockheed National Engr. Fund J. J. McLendon Magnolia Petroleum Co. Trailmobile Trust Fund Monsanto Chemical Co. National Science Foundation Patterson and Dewar Company Starke Patteson Fund

General

Restricted

Income__________ Income_________ Total

800.00 $ 51,465.28
5,000.00 500.00
4,250.00 1,600.00
500.00 500.00
80.00 2,100.00
500.00 300.00 400.00 1,500.00 1,000.00 500.00 398.50 500.00 1,000.00 500.00 1,000.00 800.00 1,200.00 1,138.00
10.00 250.00 7,545.00 100.00 3,750.00 1,125.00 250.00 2,176.66 800.00 500.00 1,939.00 1,069.00 200.00 400.00 3,054.15 400.00 1,359.50 1,752.00 335.67 500.00 750.00 307.00 507.00 12,800.00 400.00 325.00

800.00 51,465.28
5,000.00 500.00
4,250.00 1,600.00
500.00 500.00
80.00 2,100.00
500.00 300.00 400.00 1,500.00 1,000.00 500.00 398.50 500.00 1,000.00 500.00 1,000.00 800.00 1,200.00 1,138.00
10.00 250.00 7,545.00 100.00 3,750.00 1,125.00 250.00 2,176.66 800.00 500.00 1,939.00 1,069.00 200.00 400.00 3,054.15 400.00 1,359.50 1,752.00 335.67 500.00 750.00 307.00 507.00 12,800.00 400.00 325.00

175

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT INCOME (CONTINUED)

General Income

Restricted Income

Total

GIFTS AND GRANTS (CONT'D) Phillips Petroleum Company Sam R. Phillips Pilot Freight Carriers, Inc. Elizabeth Ireland Poe Precon, Inc. Willie Crum Pugh Sound Studios, Inc. Research Corporation Rhodes Fund Rossville Memorial Center Sears-Roebuck Foundation, The Seley Foundation, Inc. Shell Oil Company Southern Airways T. Earl Stribling Mem. Textile Fund Tellepsen Foundation Tenn. Eastman Company Textile Education Foundation Union Bag and Paper Corporation Union Carbide and Carbon Corp. Universal Oil Products Co. W. & L. Food Stores Foundation G. Mote Williams Foundation Atlanta Women's Chamber of Commerce Anonymous TOTAL GIFTS AND GRANTS
TOTAL STUDENT AID
TOTAL CURRENT INCOME

$

$ 2,400.00

200.00

1,000.00

450.00

1,000.00

250.00

1,200.00

4,716.67

3,000.00

1,475.00

600.00

990.00

2,072.50

1,200.00

4,430.65

1,069.00

1,687.00

5,000.00

6,000.00

567.50

1,000.00

750.00

750.00

600.00

700.00

$

$163,245.08

1___________ _ $174,695.78

$7,131,993.25 $316,747.71

$ 2,400.00 200.00
1,000.00 450.00
1,000.00 250.00
1,200.00 4,716.67 3,000.00 1,475.00
600.00 990.00 2,072.50 1,200.00 4,430.65 1,069.00 1,687.00 5,000.00 6,000.00 567.50 1,000.00 750.00 750.00 600.00 700.00 $ 163.245.08
$ 174.695.78
$7,448,740.96

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

Fund Classification

General

Restricted

Salaries & Wages

Object Classification

Operating

Supplies

& Expense

Equipment

EDUCATIONAL & GENERAL

ADMINISTRATIVE & GEN.

President's Office $ Exec. Dean's Office

22,124.52 $ 15,884.53

$ 22,124.52 $

$

15,884.60

199.93

Registrar's Office

68,952.00

49,434.02 19,134.87

Controller's Office

78,443.65

78,443.65

Public Relations

12,993.39

11,863.89

879.50

Gen. Administration

108,116.94

800.00

8,479.96 100,436.98

Alumni Office

9,455.84

8,955.84

500.00

Vice-Pres. Office

14.974.27

14.419.92

554.35

TOTAL ADM. & GEN.

330.945.14 $ 800.00

209.406.40 $121,705.63 $

383.11 250.00
633.11

176

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Fund Classification______ Salaries
General________Restricted & Wages

Object Classification_______ Operating Supplies & Expense______Equipment

A. EDUCATIONAL AND GENERAL (Cont'd)

STUDENT WELFARE

Infirmary YMCA

$ 56,357.65 $ 8,319.82

Dean of Students

40.029.51

TOTAL STU. WELF. $ 104.706.98 $

$ 44,993.07 $ 10,934.22 8,319.82

38.357.48

1.672.03

$ 91.670.37 $ 12.606.25

PLANT OPERATIONS

Bldgs. & Grounds Power Plant

$ 290,492.26 $ 131,788.43

Educ. Plant

79.118.35

TOTAL PLANT OPER. $ 501.399.04 $

$ 235,632,59 $ 45,047.70 33,303.18 96,987.58
5.124.35 73.994.00
$ 274.060.12 216.029.28

LIBRARY

$ 134.753.60 15.234.80

93.226.90

2.361.14

INSTRUCTION

V

ENGINEERING COLLEGE

Dean's Office

$ 14,782.75 $

Aero Engineering

46,454.80

$ 13,625.05 $ 1,090.82

37,881.48

1,493.19

Architecture

110,758.80 60,007.14

144,342.05

9,163.98

Ceramics

32,492.24

29,522.94

1,038.50

Chemical Engr.

64,490.83

59,358.62

3,861.95

Civil Engineer

80,244.58

76,044.82

3,672.65

Electrical Engr.

117,582.00

102,311.94

2,662.24

Engr. Draw. & Mech,

91,939.54

88,354.61

1,088.97

Industrial Engr.

59,903.71

55,833.18

2,393.11

Mechanical Enqr.

129,031.87

122,043.38

4,512.44

Textile Encrineerina 57.164.73

117.15

54.042.84

2.777.69

TOTAL ENGR^ SCHOOL $ 804.845.85 60.124.29 $ 783.360.91 33.755.54

GENERAL COLLEGE

Dean's Office

$

Chemistry

English

Ind. Management

Mathematics

Modern Languages

Music

Public Health

Physical Training

Physics

Psychology

Social Science

TOTAL GEN. COLLEGE L

13,570.93 $

$

168,335.93

111,081.21

120,684.64

138,873.88

22,958.30

10,793.77

12,039.60

45,779.88

93,127.60

19,865.64

44.775.82

801.887.20 _S__________ $

13,236.68 139,329.24 109,873.57 113,609.00 136,066.67
22,854.20 10,019.12 11,731.77 39,359.76 85,826.86 17,966.52 44.155.64 744.029.03

$ 334.25 12,988.11 960.74 1,005.70 1,589.99 104.10 311.20 307.83 6,420.12 3,363.44 972.90 620.18
28.978.56

$

430.36

430.36

$ 9,811.97 1,497.67
11.309.64
54.400.36

$

66.88

7,080.13

17,259.91

1,930.80

1,270.26

527.11

12,607.82

2,495.%

1,677.42

2,476.05

461.35

47.853.69

16,018.58 246.90
6,069.94 1,217.22
463.45
3,937.30 926.22
$ 28.879.61

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Fund Classification

Salaries

General

Restricted & Wages

Object Classification

Operating

Supplies

& Expense

Equipment

A. EDUCATIONAL & GEN. <Cont* d)

MISCELLANEOUS INSTRUCTION

Dean of Faculties Co-op Department

$ 14,694.76 $ 25,068.53

Graduate Division

24,077.21

Army ROTC

6,327.09

Air ROTC

4,673.81

Naval Science

2,944.43

Summer School

128.253.91

TOTAL MISC.

206.039.74 $

$ 14,099.88 22,012.80 21,946.94 5,003.04 4,322.20 2,692.50
128.253.91 $ 198.331.27

TOTAL INSTRUCTION

$1.812.772.79 $ 60.124.29 $1.725.721.21

RESEARCH
EXTENSION Administration Evening School Short Courses, Industrial Ed. Sou. Tech. Inst. TOTAL EXTENSION

46.825.02 $

$ 38.161.53

$ 20,188.02 $

$ 19,739.88

130,254.28

124,450.86

34,206.01

27,031.32

22,403.89

20,143.92

245.900.44

208.285.31

430.548.75 $ 22.403.89 $ 399.651.29

TOTAL EDUC. & GEN EXP. $3.361.951.32 $ 98.562.98 $2.831.897.82

TRANSFERS TO: Restricted Funds Plant Funds Exp. Station TOTAL TRANSFERS

$ 10,000.00 31,727.82 109.455.25
$ 151.183.07

TOTAL EDUC. & GEN. PIS.$3.513.134.39

B. ENGINEERING EXP. STA.

GTRI-Projects

$1,0%,835.08 $

Other Sponsored Res.

25,010.19

Services to Ga. Tech

5,420.64

Cooperative Resch.

22,290.26

Sta. Spons. Resch.

54,355.59

Term.-Cont.-Disal.

14,941.81

Admin. Expense

60,309.28

Divisional Expense

122,053.62

Service Group

208,436.80

Gen. & Mise.

143.879.98

TOTAL ENG. EXP. STA.

EXPEND.

$1.753.533.25 J _____

TRANSFERS TO: Plant Funds

______768.16

$ 842,214.44 22,994.53 3,018.19 12,070.69 44,822.72 11,275.80 57,603.58 88,725.17
154,907.94 60.520.84
$1.298.153.90

$

594.88 $

2,626.68

429.05

2,130.27

940.56

383.49

351.61

220.43

31.50

$ 6.864.43 $ 844.04

$ 69.598.53 $ 77,577.34

$ 2.401.48 $ 6.262.01

$

448.14 $

3,628.13

2,175.29

5,926.61

1,248.08

2,259.97

35.359.33

2.255.80

$ 47.622.18 $ 5.679.17

$ 472.324.49 $156.291.99

$ 254,620.64 $

2,015.66

2,402.45

10,219.57

7,026.86

2,506.01

3,666.01

2,529.04

176.66

9,856.70 23,471.75

31,113.% 22,414.90

62.807.31 20.551.83

$ 386.258.20 $ 69.121.15

TOTAL ENG. EXP. DISB. $1.754.301.41 178

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Fund Classification

General

Restricted

Salaries & Wages

Object; Classification

Operating

Supplies

& Expense

Equipment

AUXILIARY ENTERPRISES

BOOKSTORE

$ 476.163.41 $

DORMITORIES

Brown Cloudman

$ 11,875.75 $ 11,510.64

Glenn

31,215.74

Harris

11,243.44

Harrison

15,560.09

Howell

19,540.09

Smith

32,746.20

Tech. Inst.

27,584.21

Techwood

35,673.98

Towers

22.169.48

TOTAL DORMITORIES $ 219.119.62 $

APARTMENTS Burge Callaway Callaway No. 1 Lawson TOTAL APARTMENTS

$ 25,750.70 $ 52,247.20 8,426.41 78.034.70
$ 164.459.01 J _

DINING HALLS Brittain Tech. Inst. Bradley Food Sales-FMA TOTAL DIN. HALLS

$ 475,739.20 $ 100,405.66 159,755.53
33.185.75 $ 769.086.14 $

RESIDENTIAL PROPERTY

Regular

$

Trust Fund Property

TOTAL RES. PROP.* $

5,960.54 $ 5.053.10
11.013.64 $

MILITARY UNIFORMS STUDENT BANK

$ 86.624.74 $

$

1.999.95 $

MISC. & GENERAL

Capital Outlay-

Dining Halls

$

Fire Acct.-Din. Hall

YMCA Camp

Other

TOTAL MISC. & GEN. $

36,887.56 $ 2,499.79 300.00
19.107.92 58.795.27 $

TOTAL AUXILILIARY ENT. S I .787.261.78 $

$ 69.801.33

$ 393.924.07 S 12.438.01

$

7,304.39

6,604.63

18,956.66

7,153.31

9,126.34

12,541.30

19,560.85

17,697.47

16,662.53

13.307.14

$ 128.914.62

$

4,571.36 $

4,906.01

12,254.01

5.07

4,090.13

6,235.25

198.50

6,998.79

12,986.85

198.50

8,892.94

993.80

19,011.45

8.862.34

$ 88.809.13

1.395.87

$

9,419.93

27,611.41

580.84

40.930.22

$ 78.542.40

$ 16,330.77 $

24,635.79

7,839.17

6.40

32.314.40

4.790.08

$ 81.120.13 J L 4.796.48

$ 126,738.57 28,408.47 48,093.99 3.358.33
$ 206.599.36

$ 341,545.55 $ 7,455.08

70,943.46

1,053.73

109,412.07

2,249.47

29.827.42

$ 551.728.50 S 10.758.28

$

1,728.52

$ 3,943.32 $

288.70

3.387.97

1.665.13

$

5.116.49

$ 3.943.32

1.953.83

$

3.000.00

$ 83.624.74

$

1.999.95

$

$

4,952.78

737.50

300.00

12.280.36

$ 18.270.64

_ 1 _ 512.244.79

$ 3,468.93 $ 28,465.85

738.29

1,024.00

6.827.56 $ 11.034.78

S 29.489.85

S I .214.184.67 S 60.832.32

179

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Fund Classification

Salaries

General

Restricted & Wages

C. AUXILIARY ENTERPRISES (Cont'd)

TRANSFERS TO:

Plant Fund

$ 375.726.77

TOTAL AUX. DISB.

$2,162,988.55

D. STUDENT AID

Fellowships

$

$ 28,080.36 $ 28,080.36

Scholarships

127,732.59

127,732.59

Other

6.269.56

TOTAL STUDENT AID J _ ___________ $162,082.51 $ 155.812.95

TOTAL CURRENT EXPEND. $6,902,746.35 $260,645.49 $4,798,109.46

Object Classification

Operating

Supplies

& Expense

Equipment

$

$

6.269.56 $ 6,269.56 $

$2,079,036.92 $286,245.46

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL GIFTS AND GRANTS Dr. Chas. W. Thomas-Chemistry Gen. Education Board-Library Gen. Education Board-Arch. G. Mote Williams-Textile F. Graham Williams-Arch. Ga. Tech Alumni Foundation Mrs. Mary Howard Gilbert-Library TOTAL GIFTS AND GRANTS
PUBLIC APPROPRIATIONS Vocational Funds
TRANSFERS FROM GENERAL FUNDS For Library GEB
TOTAL EDUCATIONAL AND GENERAL
B. STUDENT AID FELLOWSHIPS Delta Air Lines Dow-Coming Corp. Gulf Oil Company No. 1 Gulf Oil Company No. 2 Harry E. Johnson National Science Foundation No. 1 National Science Foundation No. 2

Balance Beginning Of Year

Receipts For Year

Disburse ments For Year

Balance End of Year

$

20.70

713.76

117.15 241.51

i _ 1.093.12

$ 10,000.00 60,000.00
800.00 50.000.00 $120.800.00

$ 10,713.76 60,000.00 117.15 7.14 800.00
$ 71.638.05

$

20.70

234.37 $ 50.255.07

$ -9.008.36 $ 21.251.93 $ 22.403.89 $-10.160.32

$ 10.000.00 $ 10.000.00 $ 4.521.04 $ 15.478.96 2.084.76 $152.051.93 $ 98.562.98 $ 55.573.71

$ 8,750.00 $

$ 1,250.00 $ 7,500.00

1,138.00

945.09

192.91

46.00

676.66

684.16

38.50

1,500.00

1,500.00

175.00

156.40

18.60

6,920.50

3,980.79

2,939.71

1,516.42

6,000.00

3,277.20

4,239.22

180

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (CONTINUED)

B. STUDENT AID (Cont'd) FELLOWSHIPS (Cont*d) National Science Foundation No. 3 Edward Orton Jr.t Ceramic Foundation Rayonier, Inc. Research Corp. No. 1 Research Corp. No. 2 Research Corp. No. 3 Research Corp. No. 6 Research Corp. No. 7 Shell Oil Company Southern Airways Stone Mt. Grit Company T. Earl Stribling Fund Tennessee Eastman Company Texas Company TOTAL FELLOWSHIPS
SCHOLARSHIPS Adair-Oldknow Fund Air Force Aid Society Alexander-Tharpe Fund Aluminum Company of America Louis Allis American Brake Shoe Company American Enka Corp. American Viscose Corp. Amvets National Service Fund Anonymous Armco Foundation Atlanta Gas Light Company Atlantic Refining Company The Bastain-Blessing Company Batson Fund Birmingham Ga. Tech Alumni Club Shepard Broad Callaway Mills Co. No. 1 Callaway Mills Co. No. 2 Camp Foundation Louie Jones Cassels Celanese Corp. of America Central High School Alumni Asso. Clark Brothers Co. No. 1 Clark Brothers Co..No. 2 The Coca-Cola Company Colonial Dames of America Community Enterp. Inc. No. 1 Community Enterp. Inc. No. 2 Community Enterp. Inc. No. 3

Balance Beginning of Year

Receipts For Year

Disburse ments For Year

Balance End of Year

$ 272.27
2,500.00 37.50
1,221.59 1,650.00
550.00 100.00 461.52
125.00 8,870.33
309.55 2.881.99 $ 36.387.67

$ 6,800.00
2,700.00 1,800.00
216.67 2,072.50 1,200.00 4,430.65 1,687.00 $ 30.221.48

$

88.77 $ 6,711.23

155.03

117.24

2,060.11

439.89

37.50

1,216.11 2,705.48

1,650.00 1,800.00

766.67

100.00

2,034.71

499.31

1,200.00

125.00

4,322.95 8,978.03

1,572.79

423.76

1.219.58 1.662.41

$ 28.080.36 $ 38.528.79

411.61 $ -275.00

$ 800.00

$ 525.00

368.02 51,465.28 51,488.48

5,000.00

1,999.99

500.00

500.00

500.00

1,028.66

4,250.00

2,756.33

1,600.00

1,333.34

500.00

500.00

500.00

500.00

509.14

80.00 2,100.00

1,450.00

630.00

360.00

500.00

500.00

500.00

660.00

660.00

403.01

274.35

214.00

300.00

400.00

266.67

750.00

750.00

750.00

750.00

1,000.00

1,000.00

500.00

500.00

800.00

430.60

398.50

398.50

250.00

250.00

250.00

125.00

1,000.00

500.00

125.00

500.00

569.00

800.00

300.00

1,000.00

433.32

1,000.00

411.61
344.82 3,000.01
500.00 2,522.33
266.66
589.14 650.00 270.00 500.00
463.36 300.00 133.33
369.40
125.00 500.00
56.00 500.00 566.68 1,000.00

181

GEORGIA INSTITUTE (F TECHNOLOGY STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (CONTINUED)

Balance

Receipts

Disburse- Balance

Beginning For

ments

End of

of Year______Year________ For Year____ Year

B. STUDENT AID (Cont'd) SCHOLARSHIPS (Cont'd) Community Gas Company H. Dale Critz Foundation, Inc. Delta Tank Mfg. Co. Inc. Douglas Aircraft Co. Inc. Educational Sch. F.Y.L. Liv Emergency Fund First Baptist Church, Spartanburg, S. C. Gas Equipment Supply Company Gas Fuel Tech. Foundation Gas Institute of Georgia General Electric Company No. 1 General Electric Company No. 2 General Electric Edu. Fund General Electric Engr. Award Georgia Distributors, Inc. Georgia Liquified Petro. Gas. Assoc. Green*s Fuel, Inc. Greater Atlanta Plymouth Asso. William P. Heath - Coca-Cola Co. Holeproof Hosiery Company John P. Holmes Fund Chas. L. Howard Memorial Humble Oil Company Jesse H. Jones-Honoring Gen. Clay The Kappa Alpha Edu. Fund, Inc. The Keever Starch Company Knox Foundation, Inc. Lincoln Foundation Liquid Petro. Gas Asso., Inc. Lockheed Leadership Fund No. 1 Lockheed Leadership Fund No. 2 Lockheed Management Club No. 1. Lockheed Management Club No. 2 Lockheed National Engr. Fund Long Corporation Leon Lowenstein Foundation Inc. Lowry Fund Kate McGrath Fund McLendon Scholarship Fund Magnolia Petroleum Co. Martin Aircraft Sch. Fund Monsanto Chemical Company North Fulton Dads' Club L. L. Parlett Memorial Patterson and Dewar Starke Patteson Phillips Petroleum Co. Sam R. Phillips No. 1 Sam R. Phillips No. 2

180.00 450.00 3,522.00
332.60
90.00 90.00
635.00 342.38
78.00 400.00 100.00 400.00 500.00
300.00 300.00
42.50 240.00 592.34 141.00 500.00
340.00 38.00
973.55 400.00 2,276.35
40.00

$ 800.00
1,200.00
10.00 250.00
7,545.00 100.00
2,250.00 500.00 500.00 500.00
1,125.00 250.00
800.00 191.26 500.00 1,939.00 1,069.00 200.00 400.00 400.00
1,359.50 1,252.00
500.00
335.67
10,667.09
500.00 750.00 307.00 507.00
400.00 325.00 2,400.00
200.00

$ 800.00 360.00 600.00
1,700.00 4.08
250.00
7,545.00 100.00
2,250.00 500.00 500.00 500.00
1,125.00 250.00 630.00 800.00
207.00 1,784.00
869.01 317.38 400.00 400.00 250.00 1,178.89 1,252.00 490.00 300.00 300.00 335.67
42.50 240.00 525.34
500.00 750.00
847.00 15.00
800.00 400.00
1,513.24

$ 180.00
90.00 600.00 1,822.00
5.92
332.60
90.00 90.00
5.00
533.64 293.00 233.00 599.99 -17.38 400.00
250.00 180.61
10.00
10,734.09 141.00 500.00
307.00
23.00 173.55 400.00 325.00 3,163.11
40.00 200.00

182

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF OPERATIONS OF RESTRICTED FUNDS (CONTINUED)

B. STUDENT AID (Cont'd) SCHOLARSHIPS (Cont'd) Pilot Freight Carriers, Inc. Pilot Freight Carriers, Inc. Elizabeth Ireland Poe Procon, Inc. Willie Crum Pugh Rhodes Fund Robert & Company Associates Rossville Mem. Center No. 1 Rossville Mem. Center No. 2 Rossville Mem. Center No. 3 Rumbold & Company, Inc. Sears-Roebuck Foundation No. 1 Sears-Roebuek Foundation No. 2 Sears-Roebuck Foundation No. 3 Sears-Roebuck Foundation No. 4 The Seley Foundation, Inc. Servel, Inc. Silent Hoist & Crane Co. Skelly Oil Company Socony-Vacuum Oil Company Square "D" Company Tellepsen Foundation Textile Educ.. Foundation Union Bag & Paper Corp. Union Carbide & Carbon Corp. Universal Oil Products Co. W. & L. Food Stores Foundation Arthur Williams Estate G. Mote Williams Foundation No. 1 G. Mote Williams Foundation No. 2 Willingham Sash & Door Company Women's Chamber of Commerce Anonymous TOTAL SCHOLARSHIPS
OTHER Architects Alumni Prize Award City of Smyrna Planning Lloyd C. Daniels Fund John King Fund Records for Music Room Silent Hoist & Crane Co. Prize Study of North DeKalb Area Broadus E. Willingham Textile Fund TOTAL OTHER
TOTAL STUDENT AID
TOTAL RESTRICTED FUNDS

Balance Beginning of Year

Receipts For Year

Disbursements For Year

Balance End of Year

$
-250.00 3,484.00 1,200.00
78.50
90.00
660.00 85.35
330.00 2,774.96
500.00 427.50 666.66
2,000.00 138.00
207.00 31.00
$ 33.187.13

$ 500.00 500.00 450.00
1,000.00 250.00
3,000.00
725.00 750.00
200.00 200.00 200.00
990.00
1,069.00 5,000.00 6,000.00
567.50 1,000.00
750.00
250.00 500.00
600.00 700.00 $139,902.15

$ 500.00 376.00 450.00
3,190.00
725.00 750.00
200.00 200.00 200.00 115.00 495.00 270.00
330.00 1,712.10
500.00 1,304.00 4,866.65 6,000.00
567.50 1,633.00
750.00 150.00 250.00 500.00 207.00 300.00 500.00 $127,732.59

$ 124.00
1,000.00 3,294.00 1,200.00
78.50
90.00
-115.00 495.00 390.00 85.35
1,062.86 192.50 800.01
1,367.00 -12.00
300.00 231.00 $ 45.356.69

$ 180.00 $ 1.04

18.00 $

$ 1.04

198.00

444.15

125.00

438.08

131.07

2,341.57

3,054.15

5,395.72

1,200.00

266.54

933.46

150.00

150.00

168.18

168.18

50.00

25.00

75.00

$ 3.184.94 $ 4.572.15 $ 6.269.56 $ 1.487.53

$ 72.759.74 $174,695.78 $162,082.51 $ 85.373.01 $ 74.844.50 $326,747.71 $260,645.49 $140,946.72

183

GEORGIA INSTITUTE OF TECHNOLOGY
STATEMENT OF TRUST FOND BALANCES For Year Ended June 30, 1954

Endowment

Loan

Total

Funds_________ Funds_______ Funds

BALANCE OF PRINCIPAL, BEGINNING OF YEAR

$1,208,570.25 $ 110.076.85 $1.318.647.10

ADDITIONS Gifts and Grants Income on Investments Transfer from Loan Funds Transfer from Endowment Funds Transfer from Restricted Funds Collection of Notes Previously Written Off Discount on Bonds Sale of Stock, Previously Written Off Income on Student Loans TOTAL ADDITIONS

$ 40,025.41 $ 39,344.14

1,604.35 $ 41,629.76

484.79

39,828.93

10,451.50

10,451.50

3,370.53

3,370.53

4,795.72

4,795.72

663.07

1,780.66

2,443.73

3,810.94

3,810.94

390.24

390.24

51.28

3.899.62

3.950.90

$ 94.736.58 $ 15.935.67 $ 110.672.25

DEDUCTIONS Transferred to General Funds Transferred to Restricted Funds Transferred to Loan Funds Transferred to Endowment Funds Transferred to Experiment Station Texas Farm Expense Premium on Bonds Commission & Expense on Stock Annuity Payments TOTAL DEDUCTIONS

$ 12,002.08 $

$ 12,002.08

16,081.35

16,081.35

3,370.53

3,370.53

10,451.50

10,451.50

6,901.05

6,901.05

378.84

378.84

725.32

42.66

767.98

55.29

55.29

1.950.00

1.950.00

i 41.464.46 $ 10.494.16 $ 51,958.62

BALANCE OF PRINCIPAL END OF YEAR

$1,261,842.37 $ 115.518.36 $1,377,360.73

STATEMENT OF TRUST FUND BALANCES BY FUND For Year Ended Jui le 30, 1954

Fund Balance Beginning of Year_______ Additions

Deductions

Fund Balance End of Year

ENDOWMENT FUNDS

The Architect Alumni Asso. Prize Fund $

300.00 $

18.00 $

18.00 $

300.00

The Eugene 0. Batson Mem. Fund

11,042.80

265.65

274.35

11,034.10

Julius L. Brown Professorship

183.379.54

7, 737.03

7,798.07

183,318.50

Mrs. Josephine L. Cloudman

78,006.29

4, 979.72

4/646.36

78,339.65

Mrs. Alice Spencer Coon

4,350.00

137.16

137.16

4,350.00

Dr. Lloyd C. Daniels Fund

5,000.00

125.00

125.00

5,000.00

Forrester-McRae-Rankin, etc.

1,915.77

87.52

63.26

1,910.03

The Daniel Guggenheim School of Aero.

167,991.95

6, 488.77

6,368.77

168,111.95

The John P. Holmes Sch.

5,133.75

1,320.01

191.26

6,262.50

B. Mifflin Hood Chair of Ceramics

82,272.47 16, 720.06

176.72

98,815.81

The Clyde L. King, Jr. & John King Mem.

12,505.74

246.05

251.79

12,500.00

184

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF TRUST FUND BALANCES BY FUND (CONTINUED)

Fund Balance Beginning of
Year

Additions

Deductions

Fund Balances End of Year

ENDOWMENT FUNDS (Continued)

The Philip R. Lamar Research in

Cotton Seed Products

$ 32,059.84

Lowry Mem. Sch. Fund

502,267.01

Edmund Magers General

102.79

The Martin Aircraft Sch. Fund

Thos E. Mitchell Ed. Fund of U. of Ga.

41,747.43

Starke Patteson Mem. Sch.

M. Rich

50.00

Silent Hoist & Crane Co. Natl. Award

5,000.00

T. Earle Stribling Mem. Textile Fel.

Joseph M. Terrell

4,529.29

Louis Wellhouse

WGST Radio Broadcasting Sta. Broadus E. Willingham Textile Fund
TOTAL ENDOWMENT FUNDS

69,915.58 1. 000.00
$1.208.570,25

$ 582.98 15,054.47 2.50 16,000.00 13,116.88 5,337.50
150.00 4,430.65
111.40 61.83 1,768.40 25.00 $94.736.58

$ 642.82 12,703.27 2.50 55.29 2,867.38 200.00
150.00 4,430.65
114.20 61.83 160.78 25.00 $ 41.464.46

$ 32,000.00 504,618.21 102.79 15,944.71 51,9%. 93 5,137.50 50.00 5,000.00
4,526.49
71,523.20 1. 000.00
$1.261.842.37

STUDENT LOAN FUNDS

George W. Adair

$

548.04 $ 10.53 $

William Ott Alston Jr.f Mem.

538.77

12.04

American Inst, of Arch. Ga. Chapter

234.76

J. Baldwin

52.20

Mr. R. Berry

3,137.48

31.85

James G. Boswell Foundation

4,027.04

S. F. Boykin

102.20

T. P. Branch Memorial

148.70

.50

Brittain-Busbin-Jarrell Emergency

551.90

J. B. Campbell

605.59

5.38

Josiah Dana Cloudman

12,345.53

266.61

Holland Coleman Jr., Memorial

762.55

William B. Coleman Post #51, Amer. Leg .

469.36

10.50

Mrs. Alice Spencer Coon

1,095.82

139.15

A. C. Dobbs

84.10

.50

Arthur J. Dyer Student

1,001.10

8.99

A. French

1,990.99

7.38

Georgia Federation of Labor

1,022.47

8.01

Mary D. Gude

235.46

Lyman Hall

1,796.51

J. M. High Mem. Loan Sch.

2,370.68

28.41

Dr. & Mrs. Thos. P. Hinman

219.38

3.75

Irving Subway Grating Co., Inc.

378.75

7.50

Louis G. Johnson

513.80

Kappa Alpha Edu. Found., Inc.

88.00

The Clyde L. King Jr. & John King Mem.

2,689.30

274.31

John King Memorial

5,446.17

Malta Lodge 641, F & A.

1,265.30

31.85

Lona Mansfield

959.14

Mrs. T. 0. Marshall

700.00

500.00

E. P. McBurney

10,591.81

210.77

J. A. McFarland

122.34

$

558.57

550.81

234.76

52.20

3,169.33

4,027.04

102.20

149.20

551.90

610.97

36.09

12,576.05

762.55

479.86

1,234.97

84.60

1,010.09

1,998.37

1,030.48

235.46

1,7%.51

2,399.09

223.13

386.25

513.80

88.00

6.57

2,957.04

5,446.17

1,297.15

959.14

1,200.00

10,802.58

122.34

185

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF TRUST FUND BALANCES BY FUND (CONTINUED)

Fund Balance

Beginning of

Year

Additions

Deductions

STUDENT LOAN FUNDS (Continued) Thomas E. Mitchell Educ. Fund Joseph N. Moody The Gayle Nimmocks Mem. Sch. Quartermaster The L. W. (Chip) Robert, Jr. Scottish Rite Second Baptist Church, Bible Class #1 Sam W. Small T. W. Smith J. P. Stevens Joseph M. Terrell Thomaston Mills Clark Thornton Memorial E. A. Turner Arthur Williams Estate Emer. Trust Mrs. Fannie B. Wright TOTAL LOAN FUNDS

$ 4,691.64 $ 6,206.56 $10,451.50 2,365.00

158.09

2.50

40,269.35

1,7%. 70

106.37

1.25

1,188.40

42.14

607.80

4.93

106.86

1.25

295.64

6.25

5,443.74

138.41

1,114.40

117.46

1,500.00

1.85

405.25

8.75

50.70

642.33

25.65

1.034.11

25.87

110.076.85 $ 15.935.67 $10.494.16

TOTAL TRUST FUNDS

$1.318.647.10 $110.672.25 $51.958.62

DETAIL OF ENDOWMENT FUNDS - INVESTMENTS FOR YEAR ENDED JUNE 30, 1954

Fund Balance End of Year

$

446.70

2,365.00

160.59

42,066.05

107.62

1,230.54

612.73

108.11

301.89

5,582.15

1,231.86

1,501.85

414.00

50.70

667.98

1.059.98

$ 115.518.36

$1.377.360.73

COMMON STOCK American Tel. & Tel. Company Ser. No. AB44521 - 95 Shares
Bethlehem Steel Corp. Certif. No. 311,810 - 100 Shares
West Point Mfg. Company Ser. Nos. 7102-3-4-5-6 and 25970-1-2-3-4 - 2,000 Shares TOTAL COMMON STOCK
PREFERRED STOCK Celanese Corporation Ser. No. 9382 Cum. 35 shares Ser. No. 14913 Cum. 15 shares
Georgia Power Company No. A014392 - 3 shares TOTAL PREFERRED STOCK
CAMPUS REAL ESTATE 836 Cherry Street 846 Cherry Street

Rate of Date of

Book

Interest Maturity Value

Market Value

Si Si 6
186

$ 15,793.75 $ 16,055.00

5,137.50

7,100.00

5.000.00

39.000.00

J _ 25.931.25 $ 62.155.00

$ 5.133.75 $ 2.590.00

1.128.75

1.110.00

300.00 6.562.50 $

345.75 4.045.75

$ 2.290.12 $ 2.290.12

2.290.12

2.290.12

GEORGIA INSTITUTE OF TECHNOLOGY DETAIL OF ENDOWMENT FUNDS - INVESTMENTS (CONTINUED)

CAMPUS REAL ESTATE (Continued) 850 Cherry Street 856 Cherry Street 866 Cherry Street 870 Cherry Street 876 Cherry Street 880 Cherry Street 886 Cherry Street 906 Cherry Street 835 Plum Street 875 Plum Street 879 Plup Street 885 Plum Street 889 Plum Street 899 Plum Street 905 Plum Street 179 Fourth Street Brown Dormitory Cloudman Dormitory Harrison & Howell. Dormitories TOTAL CAMPUS REAL ESTATE
OFF-CAMPUS REAL ESTATE Texas Property Lots in Atlanta TOTAL OFF-CAMPUS REAL ESTATE
WGST BROADCASTING STATION
U. S. GOVERNMENTAL BONDS Series F- No. C1671746 Series F- No. C1671747 Series F- No. D719885 Series F- N6. Q1018443 Series F- No. Q1018443 No. 209155E No. 209156F No. 209157H No. 209158J No. 209159K No. 300287H No. 300288J No. 300289K No. 300290L Series G- No. C5289782 Series G- No. C5289783 Series G- No. C5289784 Series G- No. C5289785 Series G- No. D3281889 Series G- No. M4837472

Rate of Date of Interest Maturity

Book

Market

Value_________ Value

$ 2,290.12 $ 2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290,12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.12

2,290.10

2,290.10

11,011.84

11,011.84

57,921.98

57,921.98

40,074.89

40,074.89

71.285.07

71.285.07

219.225.80 $ 219,225.80

$ 75,399.10 $ 75,399.10

2.230.31

2.230.31

$ 77.629.41 $ 77.629.41

4.915.58 $ 282.029.14

7-1-54 $

100.00 $

99.20

7-1-54

100.00

99.20

7-1-54

500.00

496.00

12-1-57

25.00

24.25

12-1-57

25.00

24.25

2

12-15-54-6-15-54 10,000.00

10,075.00

2

12-15-54-6-15-54 10,000.00

10,075.00

2

12-15-54-6-15-54 10,000.00

10,075.00

2

12-15-54-6-15-54 10,000.00

10,075.00

2

12-15-54-6-15-54 9,000.00

9,067.50

12-15-72

10,000.00

10,000.00

12-15-72

10,000.00

10,000.00

12-15-72

10,000.00

10,000.00

2J

12-15-72

10,000.00

10,000.00

2J

3-3-61

100.00

94.90

2&

3-3-61

100.00

94.90

3-3-61

100.00

94.90

3-3-61

100.00

94.90

7-1-54

500.00

4 % . 00

7-1-58

1,000.00

964.00

GEORGIA INSTITUTE OF TECHNOLOGY DETAIL OF ENDOWMENT FUNDS - INVESTMENTS (CONTINUED)

Rate of Date of Interest Maturity

Book Value

Market Value

U. S. GOVERNMENTAL BONDS (Continued)

Series G- No. M4837473

2k

Series G- No. M4837474

Series G- No. M4837475

2k

Series G- No. M6901634

2%

Series G- No. M6953159

2J

Series G- No. V562480

2k

Series G- No. V6331906

2k

Series G- No. V6331916

2%

TOTAL GOVERNMENTAL BONDS

OTHER

Ga. Tech Bonds #788-792

2k

Ga. Tech Bonds #908-915

2k

Ga. Tech Bonds / l 142-1146

234

Ga. Tech Bonds #1182-1186

2k

Ga. Tech Bonds #1234-1238

2k

Ga. Tech Bonds #1387-1390

2%

Ga. Tech Bonds #1426-1435

2k

Ga. Tech Bonds #1436-1445

2*

Ga. Tech Bonds #1471-1485

254

Ga. Tech Bonds #1547-1556

2k

Ga. Tech Bonds #1591-15%

2k

Ga. Tech Bonds #1631-1650

2k

Ga. Tech Bonds #1873-1877

2k

Ga. Tech Bonds #2306-2310

2k

Ga. Tech Bonds #3050-3052

2k

Ga. Tech Bonds #3358-3367

2

Ga. Tech Bonds #3491-3505

2

Ga. Tech Bonds #3711-3720

2

TOTAL GEORGIA TECH BONDS

University System Bldg. Auth. #851-864

3

University System Bldg. Auth. #865-898

3

University System Bldg. Auth. #899-932

3

University System Bldg. Auth. #938-955

3

University System Bldg. Auth. #990-999

3

University System Bldg. Auth. #2704-2715

3k

University System Bldg. Auth. #3291-3315

3

University System Bldg. Auth. #3601-3630

3

University System Bldg. Auth. #3701-3718

3

University System Bldg. Auth. #4651-4700

3

University System Bldg. Auth. #4821-4845

3

University System Bldg. Auth. #4951-5000

3

University System Bldg. Auth. #5051-5100

3

University System Bldg. Auth. #5101-5150

3

University System Bldg. Auth. #5201-5300

3

University System Bldg. Auth. #5401-5485

3

TOTAL UNIVERSITY SYSTEM BLDG. AUTH. BONDS

7-1-58 7-1-58 7-1-58 3-3-61 3-1-61 7-1-57 3-1-60 3-1-60

$ 1,000.00 $

%4.00

1,000.00

%4.00

1,000.00

%4.00

1,000.00

949.00

1,000.00

949.00

5,000.00

4,850.00

4,400.00

4,202.00

1.550.00

1.480.25

1 107.600.00 $ 107.272.25

5-1-57 5-1-58 5-1-60 5-1-60 5-1-61 5-1-62 5-1-62 5-1-63 5-1-63 5-1-63 5-1-64 5-1-64 5-1-66 5-1-69 5-1-74 5-1-76 5-1-77 5-1-78

$ 5,000.00 $ 5,062.00

8,000.00

8,103.20

5,000.00

5,041.00

5,000.00

5,047.50

5,000.00

5,018.00

4,000.00

4,000.00

10,000.00

10,000.00

10,000.00

9,921.00

15,000.00

14,881.50

10,000.00

9,021.00

6,000.00

5,895.60

20,000.00

19,658.00

5,000.00

4,798.00

5,000.00

4,697.00

3,000.00

2,707.20

10,000.00

8,402.00

15,000.00

12,528.00

10.000.00

8.302.00

1_ 151.000.00 $ 143.977.00

12-1-77 12-1-78 12-1-79 12-1-80 12-1-81 5-1-64 lO-i-67 6-1-70 6-1-70 10-1-74 6-1-76 10-1-75 10-1-76 10-1-76 10-1-77 10-1-78

$ 14,000.00 $ 14,000.00

34,000.00

34,000.00

34,000.00

34,000.00

18,000.00

18,000.00

10,000.00

10,000.00

12,000.00

12,834.00

25,000.00

25,860.00

30,000.00

30,765.00

18,000.00

18,459.00

50,000.00

50,775.00

25,000.00

25,000.00

50,000.00

50,400.00

50,000.00

50,000.00

50,000.00

50,000.00

100,000.00

100,000.00

85.000.00

85.000.00

$ 605.000.00 $ 609.093.00

188

GEORGIA INSTITUTE OF TECHNOLOGY DETAIL OF ENDOWMENT FUNDS - INVESTMENTS (CONTINUED)

Rate of Date of Interest Maturity

Book Value

Market Value

State Hospital Authority #4046-4055

3J4

State Hospital Authority #4211-4225

3

TOTAL STATE HOSPITAL AUTHORITY BONDS

NOTES RECEIVABLE Student Notes

TOTAL ENDOWMENT FUNDS - INVESTMENTS

4-1-61 4-1-61

$ 10,000.00 $ 10,584.00

15.000.00

15.876.00

25.000.00 $ 26.460.00

2.803.03 $ 2.803.03 $1.225.667.57 $1.534.690.38

DETAIL OF LOAN FUNDS - INVESTMENTS FOR YEAR ENDED JUNE 30, 1954

GOVERNMENTAL BONDS No. 209159K No. 209160L No. 278217H No. 278218J
Series G- No. V6330346 Series G- No. V6331866 Series G- No. V6331906 Series G- No. V6331916
TOTAL GOVERNMENTAL BONDS
NOTES RECEIVABLE Student Loans
TOTAL LOAN FUNDS - INVESTMENTS

Rate of Date of Interest Maturity

Book Value

Market Value

2 12-15-54-6-15-54 $ 1,000.00

2 12-15-54-6-15-54 10,000.00

2 12-15-54-6-15-54 1,000.00

2 12-15-54-6-15-54 1,000.00

2%

3-1-60

5,000.00

2

3-1-60

5,000.00

25

3-1-60

600.00

2

3-1-60

3.460.00

$ 27.050.00

$ 1,007.50 10,075.00 1,007.50 1,007.50 4,775.00 4,775.00 573.00 3.294.75
$ 26.515.25

$ 43.198.44 $ 70.248.44

$ 43.198.44 $ 69.713.69

189

GEORGIA INSTITUTE OF TECHNOLOGY
WGST BALANCE SHEET JUNE 30, 1954
ASSETS Cash Accrued Assets Accounts Receivable (Less Reserve $4,175.00) U. S. Treasury Notes Funds for Post-War Improvements of Station Equipment, Furniture, Fixtures, Etc. Property at Jasper, Georgia Deferred Charges
TOTAL ASSETS
LIABILITIES Accounts Payable Contractual Liabilities Accrued Accounts fdr Anticipated Vacations Accrued Audit Fees Social Security Tax Reserve for Depreciation of Plant Reserve for Post-War Improvements for Station Earned Surplus
TOTAL LIABILITIES

$109,204.61 2,756.49
41,091.91 50,000.00 223,154.88 164,772.68 11,000.00
1.003.24 $602.983.81
$ 8,156.45 3,000.00 3,591.79 850.00 1,731.54
80,470.01 223,154.88 282.029.14 $602.983.81

STATEMENT OF INCOME AND EXPENSES - WGST FOR YEAR ENDED JUNE 30, 1954

SALES Network Local National TOTAL SALES

$ 22,426.54 201,855.71 136.840.28
$361.122.53

DEDUCT Agency Commissions Adjustments and Allowances TOTAL DEDUCTIONS

$ 44,408.68 10.283.66
$ 54.692.34

NET SALES

$306.430.19

EXPENSES Engineering Studio Selling Administrative TOTAL EXPENSES

$ 98,783.76 76,558.26 64,998.18 53.553.54
$293.893.74

OPERATING PROFIT OTHER INCOME(NET) EXCESS OF INSURANCE PROCEEDS OVER BOOK VALUE OF
PROPERTY DESTROYED BY FIRE NET INCOME

$ 12,536.45 864,97
14.743.34 $ 28.144.76

NOTE: The above statements pertaining to WGST are for information only. Information contained in these statements is not included in other statements.

190

GEORGIA INSTITUTE OF TECHNOLOGY
STATEMENT OF CHANGES IN CASH BALANCES FOR YEAR ENDED JUNE 30, 1954

CURRENT FUNDS General Eng. Exp. Station Restricted Auxiliary TOTAL CURRENT FUNDS
AGENCY FUNDS
TRUST FUNDS Endowment Loan Funds TOTAL TRUST FUNDS
PLANT FUNDS
TOTALS

Cask Balance Receipts July 1. 1953 For Year

Disbursements For Year

Cash Balance June 30. 1954

$ 127,657.82 -3,809.22 74,844.50
351.158.73 J T 549.851.83

$ 3,559,725.60 1,626,295.24 326,747.71 2.064.799.54
$ 7S77 .568.09

$ 3,513,134.39 1,754,391.41 260,645.49 2.162.988.55
$ 7.691.069.84

i _ 210.262.49 $ 1.589.022.54 $ 1.617.843.35

$174,249.03 -131,815.39
140.946.72 252.969.72 $436,350.08
$181,441.68

$ 97,711.69 $ 57.929.79
1 _ 155.641.48 $
$ 394.902.67 $

123,317.39 $ 91.807.68
215.125.07 $
717.315.82 $

184,854.28 104.467.55 289.321.83
913.408.60

$1,310,658.47 $10,099,031.52 $10,511,643.62

$ 36,174.80 45.269.92
$ 81.444.72
$198,809.89
$898,046.37

STATEMENT OF AGENCY FUNDS FOR YEAR ENDED JUNE 30, 1954

Cash Balance Receipts July 1. 1953 For Year

Disbursements For Year

Cash Balance June 30. 1954

Alexander Memorial Fund

$

$ 77,197.79 $ 77,192.79 $

5.00

Checks for Cash

-65.00

3,593.44

3,528.44

Federal Loan Funds

1,593.99

1,593.99

Student Activities

7,485.79

103,034.20

110,519.99

Student Bank

29,716.33

321,297.99

332,454.62

18,559.70

Tuition Deposit, Tech. Inst.

60.00

520.00

450.00

130.00

Held in Trust - Wm. BcSweeney

1,125.00

990.01

134.99

Teacher Retirement Withholdings

17,248.87

139,528.11

137,136.46

19,640.52

Withholding Tax Collections

523,554.26

523,554.26

Held in Trust - Chas. Allen Luke

500.40

500.40

Gamma Tau, Inc. - Held in Trust

450.00

450.00

Lock and Key Deposit

4,019.81

730.00

980.00

3,769.81

Ga. Tech Evening School, Flower Fund

30.00

30.13

-. 13

Dean Skiles Fund

468.04

635.00

656.03

447.01

Controller's Office Flower Fund

-3.21

54.50

51.29

Security Deposits, Lawson Apts.

2,440.44

900.44

1,540.00

Security Deposits, Apts.

2,359.65

1,310.00

1,444.15

2,225.50

Ext. Div.-- Short Courses & Conf.

600.63

4,368.26

4,247.09

721.80



Student Lectures & Concerts

3,004.21

4,075.92

3,507.14

3,572.99

Held in Trust-Ga. Tech Track Team

283.00

241.88

41.12

1928 Memorial Window Natl. Inst, of Health Grant Held in Trust-Andees M. Pozuelo

90.00

100.00 16,524.00
1,800.00

190.00 12,627.46
1,350.00

3,8%.54 450.00

191



GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT QF AGENCY FUNDS (CONTINUED)

Cash Balance Receipts July 1. 1953 For Year

Disbarsements Cash Balance

For Year

June 30. 1954

AGENCY FUNDS (CONT'D)

Tech. Inst. Student Activities

$ 176.73

Phi Kappa Sigma Frat.

Held in Trust - Saeng Xuto

Uo S. Savings Bonds Deductions

78.75

APO Student Book Exchange

lt443.88

Sale of Surplus Property

8,322.53

Sale of Dorn. Furniture

2,034.70

Held in Trust-James. Whitehead

Chemistry Breakage Books

4,029.30

Military Unif. Account

3,688.62

Sales Tax -- College Inn

-74.95

Tech. Inst. - Flower Fund

74.28

Tech. Inst. - Ring Deposit

264.38

Sales Tax Bradley Dining Hall

487.23

Sales Tax Brittain Dining Hall

458.08

Music Dept. Activities

Held in Trust - Robt. G. Brown

Held in Trust - Gerald P. Fletcher

50.00

Southern Airways Research Fel.

4,675.64

Ga. Tech Student Council-

853.63

Parking Fines

493.50

Southern Tech Alumni Dues

Atomic Energy Comm. Grant-Proj. 180

255.00

Price Gilbert Jr.t Fund & Portrait iFund

Laundry Account

Class of 1957

Held in Trust-Preston G. Brooks

500.00

CounselorsV Clinic-Sti

Held in Trust-STI Alumni Fund

463.50

Chemistry Key Deposits

35.00

Military Unif. -Vo.No. 19568

Drama Tech Production

-175.36

Ga. Tech Glee Club Fund

500.00

Ga. Tech Band Fund

256.80

Pi Kappa Phi Furn. Account

420.00

Ga. Tech Faculty Club

-38.28

Jacque B. Norman Library Fund

Alumni Found. Library Fund

Held in Trust-0. R. Vasques

Govt, of Puerto Rico-Held in Trust

Mrs. Price Gilbert Protrait Fund

Polio Fund

Tuition Deposits - Fall 1953

21,275.00

1952 Sr. Class Mem. Fund

5.00

Soqial Science Field Trip

D. M. Smith Fund

Tau Alpha Pi Natl. Honor Society

192.27

Tuition Deposits - Fall 1954

Fall 1952 Tuition Deposits

-25.00

Dixoni-Hodge-Kent-Tennant Mem. Fund

Psychology Fund

$ 10,110.74 $ 9,437.17 $

850.30

18,081.44

17,182.83

898.61

945.00

945.00

15,056.86

14,831.25

304.36

545.05

299.10

1,689.83

6,656.81

5,518.35

9,460.99

2,034.70

1,061.00

385.00

676.00

1,466.00

4,154.45

1,340.85

653.06

3,035.56

12,390.86

11,773.87

542.04

74.00

110.76

37.52

2,558.09

1,947.54

874.93

5,492.70

5,625.16

354.77

6,601.79

6,502.11

557.76

3,997.06

3,660.98

336.08

250.00

250.00

50.00

10.00

1,200.00

3,485.64

81,288.39

71,949.01

10,193.01

568.50

364, TO)

698.00

298.50

62.83

235.67

255.00

5,000.00

2,622.34

2,377.66

11,729.40

12,095.71

-366.31

56.73

56.73

120.00

620.00

475.00

457.67

17.33

206.00

92.00

577.50

15.50

14.00

36.50

27,884.69

18,274.55

9,610.14

948.56

1,380.59

-607.39

415.00

915.00

425.00

681.80

720.00

1,140.00

3,682.30

3,764.56

-120.54

25.00

25.00

1,500.00

1,375.37

124.63

338.00

338.00

156.50

156.50

1,500.00

1,500.00

209.77

209.77

11,125.25

32,350.2$

50.00

5.00

52.50

52.50

6,134.50

5,332.70

801.80

401.00

511.44

81.83

24,550.00

1,150.00

23,400.00

25.00

20.00

26.00

50.00

50.00

192

GEORGIA INSTITUTE CF TECHNOLOGY STATEMENT OF AGENCY FONDS (CONTINUED)

Cash Balance Receipts Julv 1. 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

AGENCY FUNDS (CONT'D)

D. M. Smith Dinner

$

Ext. Di?. Summer Fees - 1954

Held in Trust - Gideon Nahari Mil. Unif. AF Yo. No. 10373

1,602.86

D. E. Philpott Fund Mil. Univ. Vo. No. 12028

6,211.64

Mil. Unif. No. 37916 (Army) Held in Trust - Dan Allen Molstead Dorm. Deposits Mil. Unif. Vo. No. 14110

153.50 12,530.00 21,721.91

Price Gilbert Jr. Entertainment Fui d

Held in Trust - Ernesto Brahm Held in Trust-Christian G. Brahm W. G. Perry Portrait Fund Social Security Withholdings Held in Trust Mil. Unif. #20603 Mil. Unif. Vo. No. 11749 Ext. Div. Summer Fees 1953 Held in Trust - Miss Hung Yin Tsai Held in Trust - W. K. Alexander, Ji Held in Trust - Ray F. Clifton

325.10 27.00
5,841.98 4,790.63 14,165.77 26,099.75
400.00 507.00 150.00

Sr. Class 1954 Mack McAllister

Mil. Unif, Vo. No. 41970

Rockwell Mfg. Co. Stock niv.

Held in Trust - Paul M. Twitty TOTAL AGENCY FUNDS

210.262.49

$

95.25 $

$

31,852.50

31,852.50

1,038.00

1,038.00

1,905.48

944.50

944.50 5,573.72

3,169.34 1,210.00 24,050.10

1,353.69 10,979.10 17,998.22

2,000.00 329.50 320.00 30.00
23,301.03

222.45 329.50 640.10
35.00 29,123.89
2,306.99

11,950.48

26,099.75

200.00

600.00 507.00

180.00 1,036.49 29,081.04
50.00

330.00 1,036.49 18,001.09
50.00

200.00 1.589.022.54 1.617.843.35

95.25
-302.62
637.92 3,169.34
9.81 25,601.00
3,723.69 1,777.55
5.00 22.00 19.12 2,483.64 2,215.29
11,079.95
200.00 181.441.68

STATEMENT OF OPERATIONS OF UNEXPENDED PLANT FUNDS FOR YEAR ENDED JUNE 30, 1954

Balance Julv 1. 1953 Receipts

Disburse ments

Balance Transfers June 30. 1954

Land-Lawson Apts.

$

Land-176 North Are.

Conversion Basement-Knowles Bldg Repairs to Aero. Bldg. Remodeling A. French Bldg. Repairs to Admin. Bldg. Remadelimg Physics Bldg. Repairs to YMCA Misc. Improvements-Fire Haz. Purchase of Property-Misc. Cor. Fire Law Def.-Harris Repairs-Swann Bldg.

14,979.10 509.18
8,390.80 1,497.26 15,474.37 6,039.33 8,193.71 9,558.54 6,105.00

Accoustical Tile-Rsch. Bldg. Increase Floor Space-Rsch.Bldg. Cor. Fire Law Def.-Brown

899.00 7,016.01

$ 191.75 17,500.00
3,177.00 225.00

$ 9,979.25 22,636.65 5,399.65 8,926.38 3,108.13 25,785.51 2,667.42 16,042.40
25.00 8,662.26 3,889.58
89 9.00 6,179.06

$ 9,787.50 $ 5,136.65 5,399.65
-6,052.72 2,598.95 7,394.71 1,170.16 568.03
-4,741.52 1,297.81 1,697.60 13,043.31 -8%. 28
-2,215.42 -225.00
-836.95

193

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF OPERATIONS OF UNEXPENDED PLANT FUNDS (CONTINUED)

Balance July 1. 1953 Receipts

Disbursenents

Balance Transfers June 30. 1954

Remodeling Old Lib. Bldg.

$ 60,000.00

Attic Conyersion-C.E. Bldg.

Butler Type Bldg. Rsch Area 2

48.97

Cor. Fire Law Def.-Saith

3,550.20

Cor. Fire Law Def.-Howell

1,141.51

Cor. Fire Law Def.-Harrison

1,988.07

Cor. Fire Law Def.-Towers

842.94

Telephone Room-Research Bldg.

657.66

Plant & Estimates-Chem. Annex

3,782.50

Remodel Callaway Nursery

3,600.00

Cor. Fire Law Def.-Glenn

8,079.49

Cor. Fire Law Def.-MCA

7,844.80

Cor. Fire Law Def.-Infirmary

7,4%.83

Cor. Fire Law Def.-Cloudman

1,386.94

FWA Proj. No. NP 25

1,220.00

Cor. Fire Law Def.-Chea. Bldg.

54,842.79

Painting Towers Dorm.

Cor. Fire Law Def.-Burge

5,993.33

Cor. Fire Law Def-Aero. Bldg.

12,000.00

Library Landscaping

Spec. Proj .-Atlanta '& Fulton Co. 1,232.66

Spec. Proj.-Atlanta & Fulton Co.

Fencing at B.GG.Warehouse Yard

Cherry St. Entrance Gate

45.60

Fencing 8th & Cherry

573.75

Eighth St. Stone Wall

7,982.90

Elect. Dist. Syst. P.G. Lib.

4,500.00

Misc. St. Paying

Master Development Plan

5 % . 94

Ponce De Leon-Hemphill Elec. Sign 2,965.60

Landscaping Regents 1952-53

1,337.12

Steps Near Arch. Bldg.

600.00

Paying at Brittain's Heme

Lighting Protection Callaway Apts.

Dining Hall Driveway

Third-Gherry & Ponce de Leon

Lighting Proj.

Wye Elect. Distr. Center

Cherry St. Utilities

19,338.13

Fence at Arch. Bldg.

Garbage Can Rack-Rental Prop

Miscellaneous Equipment

1,321.09

Air Conditioning Unit-Exp. Sta.

Furn. Cloudman Dorm.

S. P. Gilbert Lib. Equip.

39,694.16

Air Cohditioning-Knowles Bldg.

Furn.-Brown Dorm.

Lights for Engr. D. & M.

10,810.00

Lockers & Furn.-Harrison Dorm.

Lockers & Furn.-Glenn Dorm.

Telephone:Service

12,475.30

Air Conditioning -Engr. D. & M.

2,162.45

Lockers & Furn.-Smith Dorm.

$ 20,000.00
6,000.00 4,913.62 28,420.80
700.00
33,178.85
250.00 750.00 22,299.85 248.30 8,133.25 16,086.40
27.82 15,126.05

$ 1,153.02 485.53
2,091.43
267.00 1,680.40
93.19 3,108.00 2,851.10 4,306.73 8,667.39 11,722.87 1,151.88
65,609.84
4,471.79 4,074.65 5,524.78
35.00 5,153.51
237.25 33,178.85
2 965.60 1,410.76
600.00 750.00 248.08 552.00
34.29
25,208.70
130.85 1,323.09
15,422.36 19,392.54
10,810.00 4,613.73 9,585.06
12,054.00 2,190.27
10,130.77

$

$ 78,846.98

485.53

-48.97

-1,458.77

-1,141.51

-1,721.07

837.46

-564.47

-674.50

-748.90

-3,772.76

22.59

4,623.04

397.00

-235.06

1,220.00

10,767.05

6,000.00

1,521.54

-7,925.33

2,819.84 2,208.68

722.02 1,954.68

-24,533.63 3,887.17

700.00

-45.60

-538.75

-2,2%. 54

532.85

-4,262.75

-69)6.94

73.64

750.00 248.08 552.00

13,000.00 1,500.00 5,870.57 130.85 2.00
1,050.00

12,965.71 1,500.00
250.00
750.00 6,877.49 20,301.62 1,050.00
248.30

-421.30

3,519.52 6,501.34

4,995.28

194

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF OPERATIONS OF UNEXPENDED PLANT FUNDS (CONTINUED)

Balance Julv 1. 1953 Receipts

Disbursements

Balance Transfers June 30. 1954

Callaway S ^ k i p g Fujjd^ Lounge Furn.-Textile Dept.

$ 11,234.64 2,500.00

Lockers & Furn.-Towers Dorn. Air Conditioning Units-C.E. Air Conditioning Units-Physics Air Conditioning Units-Exp. Sta. Air Conditioning Units-Pres. Air Conditioning Units-Ind. M. Constant Temp. U Humidity Equip. Rich Found. Ind. Engr. Lab. Cooling Tower-Exp. Sta. Air Conditioning Units-Col. Inn.

523.32 484.95 267.84 282.33 1,745.60 10,000.00
85.41 1,120.00 1,085.00

Furn.-Burge Apts.

Furn.-- Callaway Apts.

Air Cond. Units-Print Shop

Tablet Arm Chairs

Directory Boards

Debt Service-Brown Dorm.

Debt Service-Cloudman Dorm.

Debt Service-Harrison Dorm.

Debt Service-Howe11 Dorm.

Debt Service-Rental Property Tr. Fnd.

Rental Property

Planning & Construction

Transfers to Edu. & General

Transfers to Aux. Enterp.

Transfers to Exp. Station Bond Sinking Fund

188.9%. 57

Reserve Fund-Bond Indentures Sale of Property
TOTALS Investments

3.500.00 $590,599.69 -195.697.02

$ 2,002.34 12,628.60
7,020.00 24,570.00
543.16 10,000.00
3,000.00 3,000.00 8,066.00 6,117.00 20,908.90 10,287.37 21,575.00
189,461.45 25,210.29
$521,618.80 195.697.02

$ 2,500.00 8,182.58 523.32 391.76 267.84
1,591.88 4,700.36
1,120.00 1,076.21 6,039.94 21,139.77
576.00 3,300.00
3,000.00 3,000.00 8,065.98 6, l i t 07 11,308.90
19,849.96 2,228.67 1,037.97 6,105.24 153,842.50
$653,452.55 259.956.05

$
-93.19
-282.33 -153.72 -5,299.64
-85.41
-8.79
32.84
750.00
-.02 .07
-9,471.15 -10,287.37
-1,725.04 2,228.67 9,736.68 6,105.24
-3.500.00 $

$ 13,236.98 4,446.02
980.06 3,430.23 6,700.00
750.00
128.85
8,698.71 224,615.52
25,210.29 $458,765.94 -259.956.05

TOTALS

$394,902.67 $717,315.82 $913,408.60 *

$198,809.89

STATEMENT OF UNEXPENDED PLANT FUNDS FOR YEAR ENDED JUNE 30, 1954

BALANCE, BEGINNING OF YEAR
ADDITIONS Earnings on Temporary Investments
Governmental Appropriations State of Georgia -- Board of Regents City of Atlanta Fulton County State Highway Dept, of Ga. TOTAL GOVERNMENTAL APPROPRIATIONS

Funds for Plant
Additions
$390,368.48

Debt Service
$200,231.21

Total $590,599.69

4.630.78

4.630.78

$ 10,000.00 24,997.90 24,997.90 33.178.85
$ 93.174.6S

$ 10,000.00 24,997.90 24,997.90
33.178.85 $ 93.17*4.63

195

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF UNEXPENDED PLANT FUNDS (CONTINUED)

SALE OF PROPERTY Houses
GIFTS AND GRANTS Mrs. Price Gilbert Ga. Tech YMCA TOTAL GIFTS AND GRANTS
TRANSFERS FROM GENERAL FUNDS Remodeling Old Library Bldg. Fencing at Bldg. & Grounds Warehouse Yard Fence at Arch. Bldg. Air Conditioning Units - Exp. Station Air Conditioning Engr. Dr. & Mech. Tablet Arm Chairs TOTAL TRANSFERS FROM EDUC. & GEN.
TRANSFERS FROM AUXILIARY ENTERPRISES Land- Lawson Apts. Painting Towers Dormitory Furnitnre - Cloudman Dormitory Furniture - Brown Dormitory Lockers & Furniture __ Glenn Dormitory Lockers & Furniture -- Harrison Dormitory Lbckers & Furniture -- Smith Dormitory Lockers & Furniture -- Towers Dormitory Furniture - Burge Apts. Furniture - Callaway Apts. Brown Dormitory Cloudman Dormitory Harrison Dormitory Howell Dormitory Trust Fund Rental Property Rental Property Bond Sinking Fund TOTAL TRANSFERS FROM AUX. ENTER.
TRANSFERS FROM EXPERIMENT STATION Accoustical Tile Research Bldg. Air Conditioning Units - Print Shop TOTAL TRANSFERS FROM EXP. STA.
TOTAL ADDITIONS
DEDUCTIONS Expended for Plant Additions Land Lawson Apartments 176 North Ave. TOTAL LAND

Funds For Plant
Additions

Debt Service

Total

$ 3.177.00 $
$ 4,913.62 7.500.00
$ 12.413.62

$ 3.177.00
$ 4,913.62 7.500.00
$ 12.413.62

$ 20,000.00

$ 20,000.00

700.00

700.00

250.00

250.00

750.00

750.00

27.82

27.82

10.000.00

10.000.00

$ 31.727.82_________________ $ 31.727.82

$ 191.75 6,000.00
22,299.85 248.30
16,086.40 8,133.25
15,126.05 12,628.60
7,020.00 24,570.00
10,287.37
$122.591.57

$ 3,000.00 3,000.00 8,066.00 6,117.00
20,908.90
212.043.30 $253.134.20

$ 191.75 6,000.00
22,299.85 248.30
16,086.40 8,133.25
15,126.05 12,628.60
7,020.00 24,570.00
3,000.00 3,000.00 8,066.00 6,117.00 20,908.90 10,287.37 212.043.30 $375.726.77

$ 225.00 543.16 768.16
$263.852.82

$257.765.98

$ 225.00 543.16
$ 768.16
$521.618.80

$ 9,979.25 22.636.65
$ 32.615.90

$ 9,979.25 22.636.65
$ 32.615.90

1%

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF UNEXPENDED PLANT FUNDS (CONTINUED)

BUILDINGS AND ADDITIONS TO BUILDINGS Conversion of Basement of Knowles Bldg. Repairs to Aero. Building Remodeling A. French Building Repairs to Administration Building Remodeling Physics Building Repairs to YMCA Correction Fire Law Deficiencies-Harris Repairs to Swann Bldg.-Ind. Mgt. Increase Floor Space-Research Bldg. Correction Fire Law Deficiencies-Brown Remodeling Old Library Bldg. Attic Conversion - Civil Engr. Bldg. Correction Fire Laws Deficiencies- Smith Correction Fire Law Deficiencies-Harrison Correction Fire Law Deficiencies-Towers Telephone Room-Research Bldg. Remodel Callaway Nursery Correction Fire Law Deficiencies-Glenn Correction Fire Law Deficiencies-YMCA Correction Fire Law Deficiencies-Infirmary Correction Fire Law Deficiencies- Cloudman Correction Fire Law Deficiencies-Qiem. Bldg. Correction Fire Law Deficiencies-Burge Correction Fire Law Deficiencies-Aero Bldg. TOTAL BUILDINGS AND ADDITIONS
IMPROVEMENTS OTHER THAN BUILDINGS Library Landscaping Fencing 8th & Cherry Streets Eighth Street Stone Wall Elect. Dist. Sys-P. G. Library Miscellaneous Street Paving Ponce de Leon-Hemphill Ave. Elec. Sign Landscaping Regents 1952-53 Steps newr Architecture Bldg. Paving at Brittain's Home Lighting Protection-- Callaway Apts. Dining Hall Driveway Third-Cherry & Ponce de Leon Lighting Proj. Cherry Street Utilities Garbage Can Rack-Rental Prop. TOTAL IMPROVEMENTS OTHER THAN BUILDINGS
EQUIPMENT Miscellaneous Equipment S. Price Gilbert Lib. Equip. Furniture-Cloudman Dormitory Lights for Engr. D. & M. Lockers & Furniture - Glenn Dorm. Furniture - Callaway Apartments

Funds For Plant
Additions

Debt Service

Total

$ 5,399.65 $ 8,926.38

$ 5,399.65 8,926.38

3,108.13

3,108.13

25,785.51

25,785.51

2,667.42

2,667.42

16,042.40

16,042.40

8,662.26

8,662.26

3,889.58

3,889.88

899.00

899.00

6,179.06

6,179.06

1,153.02

1,153.02

485.53

485.53

2,091.43

2,091.43

267.00

267.00

1,680.40

1,680.40

93.19

93.19

2,851.10

2,851.10

4,306.73

4,306.73

8,667.39

8,667.39

11,722.87

11,722.87

1,151,88

1,151.88

65,609.84

65,609.84

4,471.79

4,471.79

4.074.65

4.074.65

SI90.186.21__________________$190.186.21

$ 5,524.78 35.00
5,153.51 237.25
33,178.85 2,965.60 1,410.76 600.00 750.00 248.08 552.00 34.29
25,208.70 130.85
$ 76.029.67

$ 5,524.78 35.00
5,153.51 237.25
33,178.85 2,965.60 1,410.76 600.00 750.00 248.08 552.00 34.29
25,208.70 130.85
______________ $ 76.029.67

$ 1,323.09 19,392.54 15,422.36 10,810.00 9,585.06 21,139.77

$ 1,323.09 19,392.54 15,422.36 10,810.00 9,585.06 21,139.77

197

GEORGIA INSTITUTE OF TECHNOLOGY

STATEMENT OF UNEXPENDED PLANT FUNDS (CONTINUED)

EQUIPMENT Telephone Service Lockers & Furniture - Harrison Dora. Air Conditioning - Engr. Dr. & Mech. Lockers & Furniture - Smith Lounge Furniture - Textile Dept. Lockers & Furniture - Towers Dorm. Air Conditioning Units - Civil Engr. Air Conditioning Units -- Physics Dept. Air Conditioning Units - Exp. Sta. Air Conditioning Units - Indust. Mgt. Constant Temp. & Humidity Equip. Cooling Tower for Air Conditioning - Exp. Sta. Air Conditioning Units - College Inn Furniture - Burge Apartments Air Conditioning Units - Print Shop Tablet Arm Chairs TOTAL EQUIPMENT
TOTAL EXPENDITURES FOR PLANT ADDITIONS

Funds For Plant
Additions

Debt Service

Total

$ 12,054.00 4,613.73 2,190.27 10,130.77 2,500.00 8,182.58 523.32 391.76 267.84 1,591.88 4,700.86 1,120.00 1,076.21 6,039.94 576.00 3.300.00
$136,931.48

_ J ___________

$ 12,054.00 4,613.73 2,190.27
10,130.77 2,500.00 8,182.58 523.32 391.76 267.84 1,591.88 4,700.36 1,120.00 1,076.21 6,039.94 576.00 3.300.00
$136.931.48

$435,763.26

$435.763.26

INDEBTEDNESS RETIRES Bonds Retired Trust Funds Brown Dormitory Cloudman Dormitory Harrison Dormitory Howell Dormitory Mental Property TOTAL INDEBTEDNESS RETIRED
OTHER DEDUCTIONS INTEREST ON INDEBTEDNESS
Bonds Trust Funds
Brown Dormitory Cloudman Dormitory Harrison Dormitory Howell Dormitory Rental Property
TOTAL INTEREST
OTHER EXPENDITURES NOT CAPITALIZED Purchase of Property - Miscellaneous Plans & Estimates - Chem. Annex Planning & Construction Transfers to: Educational and General Auxiliary Enterprises Experiment Station TOTAL EXPENDITURES NOT CAPITALIZED

$ 98,000.00 $ 98,000.00

i ___________

1,514.10 1,949.39 6,000.15 4,502.47 9.814.88 $121.780.99

1,514.10 1,949.39 6,000.15 4,502.47 9.814.88 $121.780.99

$ 55,842.50 $ 55,842.50

___________

1,485.90 1,050.61 2,065.83 1,614.60 1.494.02 $ 63.553.46

1,485.90 1,050.61 2,065.83 1,614.60 1.494.02 $ 63.553.46

$

25.00

3,108.00

19,849.%

2,228.67 1,037.97 6.105.24 $ 32.354.84

$

25.00

3,108.00

19,849.%

2,228.67 1,037.97 6.105.24 $ 32.354.84

TOTAL DEDUCTIONS BALANCE, END OF YEAR

$468.118.10 $186.103.20

$185.334.45 $272.662.74

$653.452.55 $458.765.94

198

GEORGIA INSTITUTE OF TECHNOLOGY

SUMMARY OF INVESTMENT IN PLANT AS OF JUNE 30, 1954

INVESTMENT IN PLANT, JULY 1, 1953

ADDITIONS DURING YEAR Expended from Plant Fund Expended from Educational and General Funds and included in Current Expenditures Expended from Auxiliary Funds and included in Current Expenditures Expended from Experiment Station Funds and included in Current Expenditures Buildings and Contents Constructed by University System Building Authority TOTAL ADDITIONS

$ 435,763.26 156,291.99 60,832.32 69,121.15 686.972.71

VALUE OF PLANT, JULY 1, 1953 PLUS ADDITIONS

DEDUCTIONS DURING YEAR Houses Sold and Destroyed Architectural plans purchased by Building Authority

$ 21,900.00 ____60,000.00

VALUE OF PROPERTY LESS DEDUCTIONS

DEDUCT: PLANT INDEBTEDNESS Bonds Outstanding Due Endowment Funds Equity of University System Building Authority

$2,405,000.00 219,225.80
3.525.353.68

INVESTMENT IN PLANT JUNE 30, 1954

$22,113,830.94
1.408.981.43 $23,522,812.37 _____ 81.900.00 $23,440,912.37
6.149.579.48 $17.291.332.89

STATEMENT OF INVESTMENT IN PLANT FOR YEAR ENDED JUNE 30, 1954

LAND Campus Off-Campus-Willeo Farm
TOTAL. LAND
BUILDINGS Actainistration Knowles Guggenheim Aeronautics Aeronautics Shop Aeronautics Office 688 Cherry St. -- Architecture Hanger Type Building P & C Ceramic Engineering Civil Engineering Electrical Engineering

Investment Beginning Of Year

Additions

Investment End Deductions Of Year

$ 1,275,505.25 $ 18.947.80
$ 1.294.453.05 $

32,615.90 $ 32.615.90 $

$ 1,308,121.15 18.947.80
$ 1.327.068.95

$ 70,109.20 $ 25,785.51 $

52,606.83

5,399.65

$ 95,894.71 58,006.48

98,020.90

13,001.03

111,021.93

2,000.00

2,000.00

1,000.00

1,000.00

1,800.00

1,800.00

5,087.29

5,087.29

49,000.00

49,000.00

156,893.91

485.53

157,379.44

45,000.00

45,000* 00

199

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

BUILDINGS (CONTO) Electronics Resarch (Temporary) Engineering Drawing & Mechanics 267 Ponce de Leon-Indust. Engr. 278 Ponce de Leon-Engr. Draw. Mechanical Engineering Mechanical Engr. (Temporary) 273 Ponce de Leon, Mech. Engr. 680 Cherry St., Safety Engr. Hightower Textile Bldg. Old Shop Building Old Shop Annex Lyman Hall, Chemistry Chemical Engr. (Temporary) Chemistry Annex Chemistry Annex (Temporary) Physics Building 274 Ponce de Leon-Psychology Military Rifle Range 734 Cherry St., Air Forces Classroom Building Plans Naval Armory A. French Building Modern Languages Engineering Experiment Station Calculator Building 719 Cherry St., Research Annex 713 Cherry St., Photo Lab. 709 Cherry St., Research Annex #4 Naval Research Building White Frame House-Research #1 Arch. Bldg. Price Gilbert Library Butler Type Bldg. Research #2 Storage Bldg.-Research #2 Aluminun Bldg., Research #2 Crystal Oscillator Lab. Research Annex #3 Hinman Research Building 665 Plum St., Hotel Adm. Swann Building 283 Ponce de Leon, Ext. Div. Auditorium Gymnasium Power Plant Pump Station Post Office & Stock Room Garage & Warehouse Greenhouse - Boiler House Greenhouse
268 Ponce de Leon-Vet. Guidance 277 Ponce de Leon-Vet. Guidance

Investment Beginning Of Year

Additions

Investment End Deductions Of Year

$

2,000.00

173,000.00

1,800.00

1,800.00

210,000.00

1,500.00

1,800.00

1,800.00

1,097,527.08

74,577.83

2,000.00

163,617.21

4,200.00

53,257.50

4,200.00

191,572.%

1,800.00

10,000.00

3,000.00

2,500.00

3,592.50

102,000.00

89,258.85

16,714.81

94,000.00

130,000.00

1,800.00

1,800.00

1,800.00

19,946.00

3,000.00

1,077,449.28

1,576,636.29

7,451.03

31,262.50

4,626.54

500.00

2,500.00

349,646.23

1,800.00

50,000.00

1,800.00

266,000.00

241,000.00

1,000.00

5,000.00

11,417.67

800.00

1,000.00

1,800.00

1,800.00

200

$
65,609.84 2,667.42
3,108.13 899.00
324,147.08 93.19
3,889.58

$

$

2,Q00.00

173,000.00

1,800.00

1,800.00

210^000.00

1500.00

1,800.00

1,800.00

1,097,527.08

74,577.83

2,000.00

229i227.05

4,200.00

53,257.50

. 4,200.00 194,240.38

1,800.00

10,000.00

3,000.00

2,500.00

3,592.50

102,000.00

92,366.98

16,714.81

94,899.00

130,000.00

1,800.00

1i800.00

1,800.00

19'946.00

3,000.00

1,077,449.28

6,000.00 1,840,783.37

7,451.03

31^262.50

4,626.54

500.00

2,500.00

349,739.42

1,800.00

53889.58

1,800.00

266^000.00

241,000.00

1,000.00

5^000.00

11417.67

800.00

1,000.00

1,800.00

1,800.00

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

BUILDINGS (GONT'D) 694 Cherry St., Planning and Const. Library Hospital YMC/V Willeo Farm-3 room house Willeo Farm-3 houses @1,500.00 Willeo Farm-3 room house Willeo Farm Barn Willeo Farm Outhouse Crenshaw Field House Athletic Office Building Rose Bowl Storage Room President's Home 204 North Ave. - Dr. Brittain Rear 204 North Avenue Brown Dormitory Cloudman Dormitory Harris Dormitory Howell Dormitory Harrison Dormitory Glenn, Smith, Towers Dorms. Burge Apartments Callaway Apartments Brittain Dining Hall and Additions Boiler House - Dining Hall Store & Locker Room-Dining Hall Bradley Building 171 Fourth St., Rental 179 Fourth St., Rental 185 Fourth St., Rental Rear 179 Fourth St., Garage Apt. 313 Fourth St., Rental 317 Fourth St., Rental 323 Fourth St.,. Rental 128 Fifth Street 259 Fifth St., Rental 260 Fifth St., Rental 269 Fifth St., Rental 276 Fifth St., Rantal 286 Fifth St., Rental 296 Fifth St., Rental 311 Fifth St., Rental 294 Tenth St., Rental 737 Techwood Rental 835 Plum St., Rental 875 Plum St., Rental 879 Plum St., Rental 885 Plum St., Rental 889 Plum St*, Rental 899 Plum St., Rental

Investment Beginning Of Year

Additions

Investment End of Deductions Year

$ 1,800.00 34,634.97 27,003.17 108,300.79 4,500.00 4,500.00 2,250.00 900.00 150.00 15,000.00 70,000.00 1,500.00
102,791.55 11,700.00 500.00 68,334.56 81,861.58 80,765.55
149,8%.69 166,585.35 1,612,408.31 683,748.87 1,329,743.95 1%,314.83
1,000.00 2,000.00 169,099.87 13,090.00 13,500.00 8,017.58 1,000.00 2,250.00 3,600.00 3,600.00 12,700.10 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 4;500.00 15,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
201

$

$ 1,800.00 $

1,153.02

35,787.99

11,722.87

38,726.04

24,709.79

133,010.58

4,500.00

4,500.00

2,250.00

900.00

150.00

15,000.00

70,000.00

1,500.00

102,791.55

11,700.00

500.00

6,179.06

74,513.62

1,151.88

83,013.46

8,662.26

89,427.81

149,8%.69

267.00

166,852.35

8,078.56

1,620,486.87

4,471.79

688,220.66

2,851.10

1,332,595.05

196,314.83

1,000.00

2,000.00

169,099.87

13,090.00

13,500.00

8,017.58

1,000.00

2,250.00

3,600.00

3,600.00

12,700.10

3,600.00

3,600.00

3,600.00

3,600.00

3,600.00

3,600.00

3,600.00

3,500.00

15,000.00

4,000.00

4,000.00

4,000.00

4,000.00

4,000.00

4,000.00

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

B. BUILDINGS (CONT'D) 905 Plum St., Rental 836 Cherry St., Rental 846 Cherry Stf, Rental 850 Cherry St., Rental 856 Cherry St., Rental 866 Cherry St., Rental 870 Cherry St., Rental 876 Cherry St., Rental 880 Cherry St., Rental 886 Cherry St., Rental 906 Cherry St., Rental 889 Atlantic Dr., Rental Lawson Apartments Apartment Bldg. #200 Apartment Bldg. #201 Apartment Bldg. #202 Apartment Bldg. #203 Administration Bldg. #204 Apartment Bldg. #205 Apartment Bldg. #206 Apartment Bldg. #207 Apartment Bldg. #208 Apartment Bldg. #209 Apartment Bldg. #210 Apartment Bldg. #211 Apartment Bldg. #212 Apartment Bldg. #213 Apartment Bldg. #214 Administfr Bldg. #215 Apartment Bldg. #216 Pavillion Bldg. #217 Apartment Bldg. #218 Apartment Bldg. #219 Apartment Bldg. #220 Apartment Bldg. #221 Apartment Bldg. #222 Apartment Bldg. #223 Apartment Bldg. #224 Apartment Bldg. #225 Recreation Bldg. #226 Apartment Bldg. #227 Apartment Bldg. #228 Apartment Bldg. #229 Apartment Bldg. #230 Apartment Bldg. #231 Shop Warehouse Bldg. #232 Apartment Bldg. #233 Apartment Bldg. #234 TOTAL BUILDINGS

Investment Beginning Of Year

Additions

Investment End Deductions Of Year

888888888 88888888888888888888888888888

$ 4,000.00 $ 4.000. 00 4. 000. 00 4.000. 00 4.000. 00 4.000. 00 4.000. 00 4.000. 00 4.000. 00 4.000. 00 4.000. 00 1,500.00

$

$ 4,000.00

4.000. 00

4.000. 00

4.000.

4.000.

4.000.

4.000.

4.000.

4.000.

4.000.

4.000.

1,500.

26.350.00 14.400.00 14.400.00 14.400.00 5.775.00 13.125.00 13.125.00 13.125.00 6.125.00 13.500.00 13.500.00 13.500.00 14.400.00 14.400.00 14.400.00 6.125.00 12.600.00 7.350.00 12,600.00 6.125.00 14.400.00 14.400.00 14.400.00 14.400.00 6.125.00 8.750.00 10.500.00 16.800.00 6.125.00 14.400.00 14.400.00 14.400.00 41.415.00 14.600.00 4.988.00 $12.139.548.13

26,350. 14.400. 14.400. 14.400.
5,775. 13.125. 13.125. 13.125. 6.125. 13.500. 13.500. 13.500. 14.400. 14.400. 14.400. 6.125. 12,600.
7,350. 12,600. 6.125. 14.400. 14.400. 14.400. 14.400. 6.125. 8,750. 10.500. 16,800. 6.125. 14.400.00 14.400.00 14.400.00 41.415.00 14.600.00 ______________________________ 4.988.00 j 514.333.29 $81.900,00 $12.571.981.42

202

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Investment
Beginning Of Year________ Additions

Investment End Deductions Of Year

C. IMPROVEMENT OTHER THAN BUILDINGS Rose Bowl Stands Tennis Courts Plans - Miscellaneous Grant Field Steam & Electric System Sidewalks, Streets, Fences, etc. Water System Central Heating Plant (Bldg. Auth.) TOTAL IMPROVEMENT OTHER THAN BLDGS.

$ 70,000.00 $

$

46,428.45

2,163.06

947,295.03

547,926.30

28,693.92

250.940.07

47,335.75

115,536.00

622.051.41 257.432.49

$ 2.602.340.32 $ 333.462.16 $

$ 70,000.00 46,428.45 2,163.06
947,295.03 576,620.22 298,275.82 115,336.00 879.483.90 $ 2.935.802.48

EQUIPMENT Administrative Offices Physical Plant Library Hospital Instructional Departments Organized Research Extension Division Apartments Dormitories Dining Halls College Inn President's Home Rental Property Technical Institute YMCA Architecture Bldg. (Bldg. Auth.) Library (Bldg. Auth.)
TOTAL EQUIPMENT
CAL INVESTMENT IN PLANT

$ 114,952.98 $ 14,010.20 $

690.381.23

11,309.64

698,851.40

73,792.90

28,334.17

430.36

2,551,276.57 105,146.58

994,559.74

75,785.35

26,440.56

889,82

110,117.99

31,976.19

295,531.40

49,330.37

158,822.15

40,248.13

112,244.81

3,514.22

38,334.91

6,718.83

1,953.83

226,990.19

4,789.35

492.20

22,435.88

5,808.49

1.004.43

99.584.65

$ 6.077.489.44 $ 528.570.08 $

$ 128,963.18 701,690.87 772,644.30 28,764.53
2,656,423.15 1,070,345.09
27,330.38 142,094.18 344,861.77 199,070.28 125,759.03 38,334.91
8,672.66 231,779.54
492.20 28,244.37 100.589.08 $ 6.606.059.52

$22.113.830.94 $1.408.981.43 $81.900.00 $23.440.912.37

FROPERTY UNDER LEASE FOR YEAR ENDED JUNE 30 1954

NAVY BASE Building #8 Building #9 Building *104 Building *11 Building *12 Building *13 Building *17 Building *19 Building *20 Building *24 Gymnasium
TECHWOOD DORMITORY TOTAL BUILDINGS UNDER LEASE

$ 150,000.00

198.000.

00

33.900.00

79.800.00

79.800.00

79.800.00
, 121 100.00

171.000.

00

171.000. 00

135,500.00

100. 000. 00

250.000.00

$ 1.569.900.00

$ 150,000.00

198.000.

00

33.900.00

79.800.00

79.800.00

79.800.00
, 121 100.00

171.000.

00

171.000.

00

135,500.00 100. 000. 00

250.000.00

$ 1.569.900.00

203

MEDICAL

C O L L E G E OF G E O R G I A FINANCIAL REPORT

FOR THE YEAR ENDING JONE 30, 1954

Medical College of Georgia Augusta, Georgia

205

MEDICAL COLLEGE OF GEORGIA

BALANCE SHEET JUNE 30, 1954

ASSETS

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

$ 62,928.96 15.148.73 $ 78,077.69

B. RESTRICTED Cash on Hand and. in Bank

$ 129,246.13

C. AUXILIARY Cash on Hand and in Bank Stores TOTAL AUXILIARY FUNDS

$ 42,460.37 38.876.11 $ 81.336.48

TOTAL CURRENT FUNDS

$ 288,660.30

II. AGENCY FUNDS Cash on Hand and in Bank

$ 18,145.07

III.

ENDOWMENT FUNDS Cash on Hand and in Bank Investments
University System Building Authority 3% Bonds (at cost)
University of Georgia Buildings Real Estate
TOTAL ENDOWMENT FUNDS

$ 1,669.96
$ 14,089.92 5,425.10
14.000.00 $ 33.515.02 $ 35,184.98

IV. STUDENT LOAN FUNDS Cash on Hand and in Bank Student Notes Receivable Investment - 0. S. Securities TOTAL STUDENT LOAN FUNDS

$ 2,389.75 31,696.61 5.000.00 $ 39,086.36

V. P U N T FUNDS A. UNEXPENDED Cash in Bank

$ 34,383.77

B. EXPENDED Land and Improvements Buildings Equipment TOTAL EXPENDED

$ 60,000.00 792.042.04 618.790.04

$1.470.832.08

TOTAL PLANT FUNDS

$1.505.215.85

TOTAL ASSETS

$1.886.292.56

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $1,456,500.

206

MEDICAL COLLEGE OF GEORGIA
BALANCE SHEET JUNE 30, 1954

LIABILITIES

I. CURRENT FUNDS A. GENERAL Reserve for Purchase Orders Outstanding Unappropriated Surplus TOTAL GENERAL FUNDS

$ 9,933.34 68.144.35 $ 78,077.69

B. RESTRICTED Fund Balance
C. AUXILIARY Reserve for Stores Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Fund Balance
III. ENDOWMENT FUNDS Fund Balance
IV. STUDENT LOAN FUNDS Fund Balance
V. PLANT FUNDS A. UNEXPENDED Fund Balance

$ 129,246.13
$ 38,876.11 42.460.37 $ 81.336.48 $ 288,660.30
$ 18,145.07
$ 35,184.98
$ 39,086.36
$ 34,383.77

B. EXPENDED Equity of University System Building Auth. Net Investment in Plant TOTAL EXPENDED

$ 367,114.91 1.103.717.17 $1.470.832.08

TOTAL PLANT FUNDS

$1.505.215.85

TOTAL LIABILITIES AND SURPLUS

$1.886.292.56

207

MEDICAL COLLEGE OF GEORGIA
STATEMENT OF CURRENT INCOME For Year Ended June 30t 1954

General Income

Restricted Income

Total Income

EDUCATIONAL AND GENERAL STUDENT FEES
Matriculation Other Student Fees
TOTAL STUDENT FEES

$121,853.48 487.00
$122,340.46

$121,853.48 487.00
$122,340.48

PUBLIC APPROPRIATIONS

State of Georgia -- Regular Operations $589,500.00

Add: Amount Payable for Previous Year 26.284.61 $615,784.61

$615,784.61

Deduct: Amount Payable End of Year

(-)15,148.73

(->15,148.73

City of Augusta

$ 5.000.00 $ 5.000.00

TOTAL PUBLIC APPROPRIATIONS

$600,635.88

5.000.00 $605,635.88

ENDOWMENT W. J. Young
GIFTS AND GRANTS American Heart Association Ayerst, McKenna & Harrison Cancer Clinic Charles Pfizer & Company Ciba Pharmaceutical Products Hoffmann LaRjoche, Inc. Eli Lilly Company Merck and Company, Inc. National Fund for Medical Education R. Rinker, Cox (Urology) Smith, Kline and French Tri-State, Inc. W. G. Tyson The Upjohn Company Wyeth Laboratories, Inc. Research Reserve ( Path.) U. S. Atomic Energy Commission U. S. Public Health Service (Medicine) U. S. Public Health Service (Medicine) U. S. Public Health Service (Med. Microbiology) U. S. Public Health Service (Oncology) U. S. Public Health Service (Oncology) U. S. Public Health Service (Phys. & Pharm.) U. S. Public Health Service (Psychiatry) TOTAL GIFTS AND GRANTS

J l 4.621.32 $ 4.621.32

$ 12,862.50 $ 12,862.50

2,880.00 2,880.00

3,597.70 3,597.70

3,000.00 3,000.00

2,000.00 2,000.00

3,000.00 3,000.00

3,260.00 3,260.00

1,380.00 1,380.00

22,480.00 22,480.00

200.00

200.00

3,000.00 3,000.00

1,800.00 1,800.00

20.50

20.50

2,940.00 2,940.00

2,000.00 2,000.00

959.00

959.00

5,320.00 5,320.00

9,954.41 9,954.41

24,798.61 24,798.61

5,400.00 5,400.00

24,437.24 24,437.24

3,770.00 3,770.00

22,584.01 22,584.01

2.400.00 2.400.00

$164,043,97 $164,043.97

SALES AND SERVICES Maternity Shelter Electroencephalographic Clinic Research Services (Endocrinology) Research Sales (Phys. & Pharm.) TOTAL SALES AND SERVICES

$ 4,254.00 $ 4.254.00

$ 4,254.00

$ 8,538.83 2,823.00

8,538.83 2,823.00

111.41

111.41

$ 11.473.24 $ 15.727.24

208

MEDICAL COLLEGE OF GEORGIA STATEMENT OF CURRENT INCOME (CONTINUED)

OTHER SOURCES Property Rentals Professional Contributions Overhead on Research Grants Miscellaneous Sources TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME
TRANSFERS FROM: Restricted Funds Auxiliary Funds TOTAL TRANSFERS
TOTAL EDUCATIONAL AND GENERAL RECEIPTS
AUXILIARY ENTERPRISES
BOOKSTORE
MICROSCOPE SALES AND RENTALS
PELVIMETER SALES
TOTAL AUXILIARY INCOME
PLANT FUNDS TRANSFERS FROM:
General Funds
TOTAL CURRENT INCOME

General Income

Restricted Income

Total Income

$ 445.50 $ 4,940.74 540.00 88.00
$ 6.014.24 $

$ 445.50 4,940.74 540.00 88.00
$ 6.014.24

$733.244.60 $185.138.53 $918.383.13

$ 28,745.26 $ 3.750.00
$ 32.495.26 $

$ 28,745.13 3.750.00
$ 32.495.26

$765.739.86 $185.138.53 $950.878.39

$ 23.662.21 $ $ 12.054.15 $ $ 2.935.20 $ $ 38.651.56 $

$ 23.662.21 $ 12.054.15 $ 2.935.20 $ 38.651.56

$ 18.480.00 $

$ 18.480.00

$771.8%. 16 $185.138.53 $957.034.69

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

Fund Totals General Restricted

Salaries & Wages

Obiect Classification Operating Supplies & Expense Eauipment

EDUCATIONAL AND GENERAL ADMINISTRATIVE AND GENERAL
President's Office Dept.of Admissions Business Office General Registrar's Office
TOTAL ADM. & GEN.

$ 26,688.18 4,991.99 19,848.03 19,239.24 6.274.34
$ 77,041.78

$ 23,900.00 $ 1,630.13 $ 1,158.05

4,620.00

219.49

152.50

19,145.06

433.32

269.65

6,688.56 12,550.68

5.927.19

347.15

$ 60.280.81 $ 15.180.77 $ 1.580.20

209

MEDICAL COLLEGE OF GEORGIA STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Fund Totals

General

Restricted

Salaries & Waqes

Object Classification Operating Supplies & Expense Eauipment

PLANT OPERATIONS

$ 55.854.36

$ 33.920.33 $ 21.076.84 $ 857.19

LIBRARY

$ 5.835.35 $ 5.100.00 $ 5.070.00 $ 182.39 $, 5.682.%

INSTRUCTION

Gross Anatomy

$ 21,785.48

Microscopic Anatomy

20,866.90

Biochemistry

30,927.25

Physiology G Pharmacology 49,832.27

Pathology

22,993.43

Medical Microbiology

29,067.52

Medicine

43,493.78

Psychiatry

9,125.03

Pediatrics

14,419.26

Surgery

87,365.82

Obstetrice G Gynecology

12,380.%

Endocrinology

11,631.03

Medical Illustration

15,973.02

Radiology

6.073*93

TOTAL INSTRUCTION

$376.735.68

$ 19.380.64 20,748.05 27,550.92 44,240.00 20,613.32 27,599.69 41,618.99 9,000.00 14,094.78 70,350.26 11,676.00 10,600.00 14,888.93 6.000.00
$338.361.58

$ 770.01 258.85
2,509.76 5,334.17 2,306.13 2,099.35 1,330.84
105.28 289.33 9,487.51 579.32 924.02 834.35
73.93 $ 26.902.85

$ 1,634.83 (0140.00 866.57 258.10 73.98 168.48 543.95 19.75 35.15 7,528.05 125.64 107.01 249.74
$ 11.471.25

ACTIVITIES RELATED TO INSTB.

Medical State Aid University Hospital

$188,571.88

$188,343.31 $

47,000.00 $ 5,000.00 52,000.00

228.57 $

Maternity Shelter

2,911.25

1,816.70

1,029.82

Electroencephalographic Cl.

7.029.58

5.992.50

986.93

TOTAL ACT. REL. TO INSTR.$238.483.13 $ 12.029.58 $248.152.51

2.245.32 A .

64.73 50.15 114.88

RESEARCH

American Heart Assn.

$

Cancer Clinic

Cox (Urology)

Diocyl (Medicine)

Georgia Heart Assn.

Eli Lilly (Cytoloty)

Life Insurance (PGP)

Macy (PGP)

Research Grants (Endocrinology

Research Grants (Psychiatry)

Research Grants (Biochemistry)

Research Reserve (Phys. G Pharm.)

Research Reserve (Pathology)

Sharpe & Dohme

U.S.P.H.S. (Medicine) AC 7

U.S.P.H.S. (Medicine) HT 5031

U.S.P.H.S. (Oncology) CT 567

U.S.P.H.S. (Oncology) C 2238

U.S.P.H.S. (Phys.GPharm.) H 240

U.S.P.H.S. (Phys.GPharm.) HTS 5044

$ 6,550.00 $ 3,410.04 $ 617.11 $ 2,522.85

2,622.37

2,620.00

2.37

1,200.00

1,200.00

9.47

9.47

603.49

543.49

60.00

544.30

435.39

109.11

4,826.15

3,499.99

1,266.01

60.15

216.00

216.00

19,827.47 14,8%.42

3,952.95

978.10

80.88

80.88

14.83

14.83

2,883.11

2,813.93

(-).14

69.32

1.25

1.25

383.01

40.80

342.21

10,703.49

6,224.30

2,070.67

2,408.52

18,949.51 17,090.00

802.40

1,057.11

26,349.83 19,516.80

3,282.21

3,550.82

300.00

300.00

29,912.11 18,078.66

1,977.06

9,856.39

7,935.92

3,533.33

804.27

3,598.32

210

MEDICAL COLLEGE OF GEORGIA STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Fund Totals

Salaries

Genera1

Restricted & Waqes

Operating Supplies & Expense

Eauipment

RESEARCH (CONTINUED)
U.S.A.E.C. (Bio< Research Sales
TOTAL RESEARCH EXTENSION

!M 5475 9120 G 4103 9168 1 232

$ 2,400.00 987.34
2,718.39 2,013.73 3,617.26
46.79 $145.6%.90

$ 2,400.00 716.65
2,135.00 1,830.07 2,803.75
33.46 $104.162.16

$ 270.69 413.55 183.66 620.01 13.33
$ 16.511.61

$ 169.84 193.50
$25.023.13

$ (-)36.26

$ (-)36.26

. S753.914.04 $162.826.48 $789.947.39 $ 82.063.52 $44.729.61

TRANSFERS TO: Plant Funds General Funds Refunds of Income for Prior Year TOTAL TRANSFERS
TOTAL EDUC. & GEN DISB.

$ 18,480.00 $ 28.745.26
2.175.% $ 18.480.00 $ 30.921.22
$772.394.04 $193.747.70

B. AUXILIARY ENTERPRISES

Bookstore

$ 20,258.77

Microscope Sales & Rent.

3.471.75

Pelvimeter Sales

1.895.03

TOTAL AX. EXPEND.

$ 25.625.55

$

14.45 $ 20,244.32

2,013.75 $ 1,458.00

1.540.00

335.03

20.00

$ 1.554.45 $ 22.593.10 $ 1.478.00

TRANSFERS TO: General Funds

$ 3.750.00

TOTAL AUX. DISB. C. PLANT FUNDS
TOTAL EXPENDITURES

$ 29.375.55

$ 3.615.58

$ 307.55

$ 3.308.03

$783.155.17 $162.826.48 $791.809.39 $104.656.62 $49.515.64

211

MEDICAL COLLEGE OF GEORGIA
STATEMENT OF OPERATION OF RESTRICTED FONDS For Year Ended June 30, 1954

Balance

Income

July 1. 1953 For Year

Expenditures Trans. &

For Year

Refunds

Balance June 30. 1954

American Cancer Society

$ 376.22

American Heart Association

1,476.59

Cancer Clinic

Cox (Urology)

1,000.00

Diocyl (Medicine)

9.47

Georgia Heart Association

603.49

Eli Lilly (Cytoloty)

78.22

Life Insurance (PGP)

8,354.82

Macy Grant

216.00

Markle (Medicine)

158.16

Merck

65.54

National Fund for Med. Educ.

Pellagra (Swift)

268.84

Research Grants (Endocrin.)

32,101.26

Research Grants (Psychiatry)

80.88

Research Grants (Biochem.)

557.24

Research Reserve (Phys.GPharm) 2,520.00

Research Reserve (Pathology)

1,601.57

Scopicon

602.00

Sharp & Dohme

2,074.10

USPHS (Medicine)

18.47

OSPHS (Med. Micro.)

USPHS (Medicine)

6,803.73

USPHS (Medicine)

3,870.35

USPHS (Oncology)

8,916.21

USPHS (Oncology)

USPHS (Phys. & Pharm.)

14,560.83

USPHS (Phys. & Pharm.)

21,010.67

USPHS (Psychiatry)

USPHS (Cytology)

3,556.00

USPHS (Cytoloty)

3,121.03

USAEC (Biochem.)

1,011.11

W. G. Tyson

18.50

W. J. Young

7,739.25

Electroencephalograpnic Cl.

4,738.92

Research Sales (Phys. & Pharm.) 1,487.21

Research Services (Endo.)

8,858.10

City of Augusta

$ 12,862.50 3,597.70 200.00
3,260.00
22,480.00
20,200.00
1,800.00 959.00
5,400.00 9,954.41 24,798.61 24,437.24 3,770.00 22,584.01
2,400.00
5,320.00 20.50
4,621.32 8,538.83
111.41 2,823.00 5.000.00

$ 6,550.00 2,622.37 1,200.00 9.47 603.49 544.50 4,826.15 216.00
19,827.47 80.88 14.83
2,883.11 1.25
383.01
2,718.39 10,703.49 18,949.51 26,349,83
300.00 29,912.11
7,935.92 2,400.00
987.34 2,013.73 3,617.26
5,100.00 7,029.58
46.79
5.000.00

$ 318.76
640.00
22,480.00 380.00
(*)2,040.00
400.00 1,176.00 2,251.50 1,600.00 2,568.66 1,107.30
39.00

$ 376.22 7,470.33 975.33
2,793.72 2,888.67
158.16 65.54
268.84 32,093.79
542.41 3,477.41 2,559.32
602.00 1,691.09
18.47 2,281.61 6,054.65 8,543.45 7,003.62 3,470.00 4,981.23 11,474.75
2,713.85
7,260.57 6,248.17 1,551.83 11,681.10

TOTAL

$137.855.30 $185.138.53 $162.826.48 $ 30.921.22 $129.246.13

212

MEDICAL COLLEGE OF GEORGIA

STATEMENT OF INCOME OF RESTRICTED GRANTS BY DEPARTMENTS For Year Ended June 30t 1954

General Institution: National Fund for Medical Education W* G. Tyson

$ 22,480.00 20.50 $ 22,500.50

Department of Biochemistry: U. S. Atomic Energy Commission (Dr. S. A. Singal)

$ 5,320.00

Department of Physiology and Pharmacology: American Heart Association (Dr, R. P. Ahlquist) U. S. Public Health Service (Dr. W. F. Hamilton) Research Reserve (Dr. W. F. Hamilton)

$ 12,862.50 22,584.01 1.800.00

$ 37,246.51

Department of Pathology: Cancer Clinic (Dr. D. F. Mullins) Research Reserve (Dr. E. R. Pund)

$ 3,597.70 959.00 $ 4,556.70

Department of Medicine: . S. Public Health Service (Dr. V. P. Sydenstricker) U. S. Public Health Service (Dr. H. T. Harper, Jr.)

$ 9,954.41 24.798.61 $ 34,753.02

Department of Urology: Cox (Dr. J. R. Rinker)

$

200.00

Department of Psychiatry: U. S. Public Health Service (Dr. H. M. Cleckley)

$ 2,400,00

Department of Endocrinology: (Dr. Robt. B. Greenblatt) Ayerst, McKenna & Harrison Charles Pfizer & Company Ciba Pharmaceutical Products Hoffmann LaRoche, Inc. Merck & Company, Inc. Smith, French & Kline The Upjohn Company Wyeth Laboratories, Inc.
Department of Oncology: U. S. Public Health Service (Dr. Hoke Wammock) U. S. Public Health Service (Dr. Hoke Wammock)

$ 2,880.00 3.000. 00 2 . 000. 00 3.000. 00 1.380.00 3.000. 00 2.940.00
2 .000. 00 $ 20, 200.00
$ 24,437.24 3.770.00 $ 28,207.24

Department of Cytology: Eli Lilly Company (Dr. H. E. Nieburgs)

$ 3,260.00

Department of Medical Biology & Biochemistry: U. S. Public Health Service (Dr. R. B. Dienst and Dr. W. K. Hall)
TOTAL INCOME FROM RESTRICTED FUNDS

$ 5.400.00 $164.043.97

213

MEDICAL COLLEGE OF GEORGIA STATEMENT OF TRUST FUND BALANCES
For Year Ended June 30, 1954
BALANCE OF PRINCIPAL, July 1, 1953
ADDITIONS: Gifts and Grants Income on Investments Interest on Student Loans TOTAL ADDITIONS
DEDUCTIONS: Investment Expense Transfers to Restricted Funds TOTAL DEDUCTIONS
BALANCE OF PRINCIPAL, June 30, 1954

Endowment Funds
$35.004.98
$ 5,538.60
$ 5.538.60
$ 737.28 4.621.32
$ 5.358.60 $35.184.98

Loan Funds $37.636.10
$ 793.50 125.00 531.76
$ 1.450.26
$39.086.36

STATEMENT OF TRUST FUND BALANCES BY FUNDS For Year Ended June 30, 1954

ENDOWMENT FUNDS Moore-Carter Fund W. J. Young Fund TOTAL ENDOWMENT FUNDS
LOAN FUNDS E. Murphey Fund Student Loan Fund W. K. Kellogg Fund TOTAL LOAN FUNDS
TOTAL TRUST FUNDS

Balance July 1. 1953 Additions

Deductions

Balance June 30. 1954

$ 5,803.40 29.201.58
$35.004.98

$ 180.00 5.358.60
$ 5.538.60

$ 7,989.53 12,960.18 16.686.39
$37.636.10
$72.641.08

$ 214.79 1,026.00 309.47
$ 1.450.26
$ 6.988.86

$ 5.358.60
$ 5.358.60
$ 5.358.60

$ 5,983.40 29.201.58
$35.184.98
$ 8,204.32 13,986.18 16.895.86
$39.086.36
$74.271.34

CURRENT FUNDS General Restricted Auxiliary TOTAL CURRENT FUNDS

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

Balance

Receipts

July 1, 1953 For Year

Disbursements Balance

For Year

June 30. 1954

$ 69,583.14 137,855.30 33.184.36
$240.622.80

$765,739.86 185,138.53 38.651.56
$989.529.95

$772,394.04 193,747.70 29.375.55
$995.517.29

$ 62,928.96 129,246.13 42.460.37
$234.635.46

214

MEDICAL COLLEGE OF GEORGIA STATEMENT OF CHANGES IN CASH BALANCES (CONTINUED)

AGENCY FUNDS
P U N T FUNDS
TRUST FUNDS Endowment Student Loans TOTAL TRUST FUNDS
TOTAL

Balance

Receipts

July 1. 1953 For Year

Disbursements Balance

For Year

June 30. 1954

$ 20.043.79 $ 19.519.35

$ 13.734.88 $ 15.633.60 $ 18.480.00 $ 3.615.58

$ 18.145.07 $ 34.383.77

$ 805.66 3.198.31
$ 4.003.97

$ 864.30 $

4.816.44

5.625.00

$ 5.680.74 $ 5.625.00

$ 1,669.% 2.389.75
$ 4.059.71

$284.189.91 $1.027.425.57$!.020.391.47 $291.224.01

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Fund Balances July 1. 1953 Receipts

Disbursements Fund Balance

For Year

June 30. 1954

Student Breakage Deposits Student Deposit on Fees Student Health & Activities Advance from Veterans Administration Sales Tax City of Augusta
TOTAL AGENCY FUNDS

$ 5,284.84 2.075.00 9,212.93 %4.75 6.27 2.500.00
$20.043.79

$ 5,441.94 100.00
8,478.49 (-) 964.75
679.20

$ 5,816.29 9,141.50 675.81

$13.734.88 $15.633.60

$ 4,910.49 2.175.00 8,549.92
9.66 2.500.00
$18.145.07

SUMMARY OF INVESTMENT IN P U N T As of June 30, 1954

VALUE OF PLANT, JULY 1, 1953

$993,724.02

ADDITIONS FOR YEAR Buildings and Contents Constructed by Univer. System Bldg. Auth. Expended from Plant Funds: Buildings and Equipment Expended from E & G Funds (included in current expenditures) Expended from Auxiliary Funds and included in current expenditures Adjustment for prior years

$379,774.04 3,308.03
91,737.99 20.00
2.268.00 477.108.06________________

VALUE OF PLANT, JUNE 30, 1954 Less: Equity of University System Bldg. Auth.

$1,470,832.08 367.114.91

NET INVESTMENT IN PLANT

$1.103.717.17

215

MEDICAL COLLEGE OF GEORGIA
STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

A. LAND
B. BUILDINGS Administration Building (Bldg. Auth.) Newton Dugas Murphey Storage House TOTAL BUILDINGS
C. EQUIPMENT Administrative Offices Physical Plant Library Instructional Departments TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

Book Value

Book Value

July 1. 1953 Additions __ J_une_J10A_J/?54

$ 60,000.00 $

$ 60,000.00

$ 80,000.00 190,000.00 140,000.00
$410.000.00

$379,774.04
2.268.00 $382.042.04

$ 379,774.04 80,000.00 190,000.00 140,000.00 2.268.00
$ 792.042.04

$ 22,838.58 960.40
101,956.80 397. 96a 02 $523.724.02
$993.724.02

$ 2,541.62 1,045.84 7,549.58
83.928.98 $ 95.066.02
$477.108.06

$ 25,380.20 2,006.24
109,506.38 481.897.22 681.790.04
$1.470.832.08

216

NORTH

GEORGIA COLLEGE FINANCIAL REPORT

FOR THE YEAR ENDING JUNE 30, 1964

North Georgia College Dahlnega, Georgia
217

NORTH GEORGIA COLLEGE

BALANCE SHEET JUNE 30, 1954
ASSETS

CURRENT FUNDS A. GENERAL
Cash on Hand Cash in Bank Accounts Receivable
Board of Regents Veterans Administration TOTAL GENERAL FUNDS

$ 2,Q00.00 5,313.31

$33,563.48 844.79

34,408.27 $ 41,721.58

B. AUXILIARY Cash on Hand Cash in Bank Accounts Receivable - Veterans Adminis. Stores (Inventories) TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

$

535.00

51,640.62

172.80

39.097.86

91.446.28 $ 133,167.86

II. AGENCY FUNDS Cash in Bank Investments TOTAL AGENCY FUNDS

$ 27,575.48 _______314.50

27,889.98

III. STUDENT LOAN FUNDS Cash in Bank Notes Receivable Investments - U. S. Treasury Bonds TOTAL STUDENT FUNDS

$ 1,003.41 715.00
5.000.00

6,718.41

IV. PLANT FUNDS A. UNEXPENDED Cash in Bank

$ 14,614.92

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

$ 41,667.65 2,288,990.91 152,459.97 563.169.60

3,046.288.13

3.060.903.05

$3.228.679.30

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $2,991,600.00.

218

NORTH GEORGIA COLLEGE

BALANCE SHEET JUNE 30, 1954
LIABILITIES

I. CURRENT FUNDS A. GENERAL Accounts Payable Purchase Orders Oitttaadiig Contracts Negotiated Unearned Income General Snrplns TOTAL GENERAL FUNDS

$ 3,104.66 3,048.39 3,909.00 6,073.75
25.585.78

B. AUXILIARY Acconnts Payable Purchase Orders Outstending Unearned Incoae Reserve for Stores (Inventories) Auxiliary Surplus TOTAL AUXILIARY FUNDS

$ 7,838.52 6.194.60 2.847.60
39,097.86 35.467.70

TOTAL CURRENT FUNDS

II. AGENCY FUNDS Fund Balances

III. STUDENT LOAN FUNDS Fund Balances

IV. PLANT FUNDS A. UNEXPENDED Accounts Payable Purchase Orders Outstanding Contracts Negotiated Contracts to be Negotiated TOTAL UNEXPENDED

$ 1,312.20 670.95
1,777.98 10.853.79

B. EXPENDED Loans Payable Equity of University Systea Bldg. Auth. Net Investment in Plant TOTAL EXPENDED

$ 33,405.09 710,180.54
2.302.702.50

TOTAL PLANT FUNDS

TOTAL LIABILITIES

$ 41,721.58
91,446.28 $ 133,167.86 27,889.98 6,718.41
14,614.92
3.046.288.13 3.060.903.05
$3.228.679,30

219

NORTH GEORGIA COLLEGE

STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matrieulation Health Service Summer Session Other TOTAL STUDENT FEES

$ 5,147.30 70,723.30 6,443.00 11,190.50 889.24

PUBLIC APPROPRIATIONS STATE OF GEORGIA
Regular Operations Less Amount Unpaid at End of Year Plus Amount Paid from Previous Year
TOTAL PUBLIC APPROPRIATIONS

$278,400.00 33,563.48 16.207.74

OTHER SOURCES Sales Land Script Miscellaneous TOTAL OTHER SOURCES

$

53.88

800.00

300.00

TOTAL EDUCATIONAL AND GENERAL INCOME

B. AUXILIARY INCOME DINING HALL

DORMITORIES Sanford Hall Barnes Hall Barracks Band House Lewis Hall TOTAL DORMITORIES

$ 6,443.80 10,598.68 12,029.47 5,516.70 14.390.16

FARM AND M I R Y

STAFF HOUSING (REGULAR)

STAFF HOUSING (SPECIAL)

VETERAN HOUSING

BOOKSTORE

UNIFORM EXCHANGE

STUDENTS EXCHANGE

TOTAL AUXILIARY INCOME

TOTAL CURRENT INCOME

$ 94,393.34

261,044.26

1.153.88

$356,591.48

$158,299.98

$ 48,978.81 327.50
9,426.39 3,980.17 3,098.15 18,702.73 30,631.22 36.186.64

$309,631.59 $666,223.07

220

NORTH GEORGIA COLLEGE

STATEMENT OF CORREN! EXPENDITURES For Year Ended June 30, 1954

Total

Salaries
& Wages

Oblect Classification

Operating

Supplies

& Expense

Equipment

EDCATIONAL AND GENERAL ADMINISTRATIVE AND GENERAL
President Comptroller Registrar General
TOTAL ADM. & GEN.
STUDENT WELFARE Dean of Men Dean of Women Student Hospital General TOTAL STUDENT WELFARE
PHYSICAL PLANT Operations Utilities TOTAL PHYSICAL PLANT
LIBRARY
INSTRUCTION Dean of Faculty Biology Business Administration Chemistry Education Guidance Home Economics Languages & Literature Mathematics Military Physical Education Physics Social Science Sumner Session TOTAL INSTRUCTION
TOTAL EDUCATIONAL AND GENERAL EXP.
TRANSFERS TO: Plant Finds
TOTAL EDUCATIONAL AND GENERAL DISB.

$ 13,104.95 $ 11,649.92 $ 1,455.03 $

16,456.67

15,229.42

1,227.25

7,129.59

6,598.59

300.00

231.00

10.545.33

176.85

10.212.89

155.59

$ 47.236.54 $ 33.654.78 $ 13.195.17 $ 386.59

$ 6,410.97 $ 6,156.70 $ 210.52 $ 43.75

3,149.%

3,099.%

50.00

9,922.15

7,607.25

1,746.45

568.45

2.982.97

1.791.63

1.191.34

1 22.466.05 $ 18.655.54 $ 3.198.31 $ 612.20

$ 64,694.27 5.202.82
$ 69.897.09

$ 38,253.83 $ 38.253.83

$ 23,789.55 5.202.82
$ 28.992.37

$ 2,650.89 $ 2.650.89

1 18.869.35 $ 10.057.77 $ 5.699.64 $ 3.111.94

$ 7,283.23 15,064.53 15,436.40 11,315.94 11,062.86 4,843.08 6,537.54 35,890.78 13,709.40 1,512.85 15,468.30 13,181 12 14,190.37 22.094.62
$187.591.02

$ 6,973.56 12,469.22 14,891.06 9,583.17 10,105.52 4,389.46 5,356.99 35,527.62 12,900.00 603.40 12,775.66 11,502.38 13,888.90 21.664.75
$172.631.69

$ 309.67 1,430.21 307.16 1,254.07 910.97 453.62 768.85 353.% 328.20 769.45 2,692.64 1,156.74 301.47 429.87
$ 11.466.88

$ 1,165.10 238.18 478.70 46.37
411.70 9.20
481.20 140.00
522.00
$ 3.492.45

$346,060.05 $273.253.61 $ 62.552.37 $10.254.07

$ 16,375.00 1362.435.05

221

NORTH GEORGIA COLLEGE

STATEMENT OF CURRENT EXPENDITURES (CONTINUED) Total

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense

Eguipment

AUXILIARY ENTERPRISE DINING HALL
DORMITORIES Sanford Hall Barnes Hall Barracks Band House Lewis Hall TOTAL DORMITORIES
FARM AND DAIRY
STAFF HOUSING (REGULAR)
STAFF HOUSING (SPECIAL)
VETERAN HOUSING
BOOKSTORE
UNIFORM EXCHANGE
STUDENTS EXCHANGE
TOTAL AUXILIARY EXPENSES
TRANSFERS TO: Plant Fund
TOTAL AUXILIARY DISBURSEMENTS
TOTAL CURRENT EXPENDITURES

$158.286.97 $ 43.553.13 $113.098.82 $ 1,,635.02

$ 4,658.67 7,196.32 7,550.81 4,923.00
12.191.57 $ 36.520.37

$ 2,102.83 2,443.37 2,708.86 2,123.22 4.412.36
$ 13.790.64

$ 1,866.22 4,608.78 4,611.01 2,538.84 7.253.85
$ 20.878.70

$ 689.62 144.17 230.94 260.94 525.36
$ r,.851.03

$ 191.47 $

58.00 $ 133.47 $

$ 9.476.65 $ 2.877.75 $ 6.083.79 $ 515.11

$ 3.020.46 $ 394.00 $ 2.533.36 $ 93.10

$ 2.658.82 $ 1.200.00 $ 1.158.82 $ 300.00 $ 16.376.31 $ 2.219.64 $ 14.156.67 $

$ 20.068.55 $ 1.909.15 $ 18.159.40

$ 45.102.93 $ 5.076.18 $ 26.949.22 $13.077.53

$291.702.53 $ 71.078.49 $203.152.25 $17.471.79

$ 26.989.75 $318.692.28 $681.127.33 $344.332.10 $265.704.62 $27.725.86

STATEMENT OF TRUST FUND BALANCES Year Ended June 30, 1954
BALANCE OF PRINCIPAL BEGINNING OF YEAR
ADDITIONS RECEIPTS Income on Investments Income on Loans Contribution to Senior Class Loan Fund TOTAL ADDITIONS
BALANCE OF PRINCIPAL END OF YEAR

$6,353.41

$135.00 20.00
210.00

365.00 $6.718.41

222

NORTH GEORGIA COLLEGE
STATEMENT OF TROST FOND BALANCES BY FOND For Year Ended Jane 30, 1954

LOAN FONDS John N. Moore Senior Class TOTAL TROST FONDS

Fund Balance Beginning Of Year

Additions

Fund Balance End of Year

$5,953.41 400.00
$6.353.41

$155.00 210.00
$365.00

$6,108.41 610.00
$6.718.41

SUMMARY OF TROST FOND INVESTMENTS For Year Ended June 30, 1954
LOAN FONDS Bonds-Governmenta1 Student Notes Receivable TOTAL

Book Value

Market Value

$5,000.00 715.00
$5.715.00

$5,000.00 715.00
$5.715.00

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

CURRENT FONDS General Auxiliary TOTAL CURRENT FUPCS
AGENCY FUNDS
LOAN FUNDS
PLANT FUNDS
TOTALS

CaSh

Receipts

Balance

For

July 1. 1953 Year

Payments For Year

Cash Balance June 30. 1954

$ 13,156.88 $356,591.48 $362,435.05 $ 7,313.31 61.236.31 309.631.59 318.692.28 52.175.62_
$ 74.393.19 $666!223.07 $681.127.33 $ 59.488.93
$ 22.986.19 $ 57.863.63 $ 53.324.34 $_27525.48
$ 1.198.41 $ 405.00 $ 600.00 $ 1.003.41
$103.966.57 $ 43.364.75 $132.716.40 $ 14.614.92
$202.544.36 $767.856.45 $867.768.07 $102.632.74
STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Bookstore Deposits Uniform Deposits Breakage Deposits Miscellaneous Deposits Student Activities
TOTAL

Cash

Receipts

Balance

For

July 1. 1953 Year

$ 374.80 6,092.34 7,792.79 46.47 8.679.79
$22.986.19

$ 31,283.23 8,763.00 512.69 17.304.71 $57.863.63

Payments For Year

$

4.74

33,782.26

6,881.50

792.48

11.863.36

$ 53.324.34

Cash Balance June 30. 1954
$ 370.06 3,593.31 9,674.29 (0233.32 14.121.14
$27.525.48

223

NORTH GEORGIA COLLEGE
STATEMENT OF OPERATION F DNEXPENDED PLANT FONDS For Year Ended June 30, 1954

Balance July 1. 1953 Additions

Balance Expenditures Transfers June 30. 1954

Veteran Housing Rehab. Fire Safety-Band House

$ 4,150.13

Rehab, of Fire House

Stent Severs Home Ec. Bldg.

Fire Safety-Home Ec. Bldg.

1,120.00

Fire Safety-D.H. & Auditorium

2,305.00

Fire Safety-Infirmary

Landscaping

Dining Hall Heating System

8,950.00

Fire Safety-Sanford Hall

5,129.50

Fire Safety-Barnes Hall

7,248.19

Fire Safety-Gymnasium

6,688.00

Fire Safety-Library

7,051.00

Rehab.-Gymnas ium

10,482.75

Freezer Room in Kitchen

3,700.00

President's Home & Furnishings

39,500.00

Fire Safety-Business Adm. Bldg.

1,175.00

Fire Safety- Military Bldg.

1,175.00

Concrete Work-Home Economics Bldg. 2,500.00

Price & Academic Painting

2,492.00

Fire Safety-Science Building

300.00

Rehab, of Canteen

Extension of Utilities

Fire Safety-Academic TOTAL

3103.966.57

$ 5,000.00
4,500.00 20,000.00 11,875.00 $41.375.00

$ 5,637.25 4,076.38
656.93 261.38 744.00 206.50 9,590.29 2,450.00 4,944.41 6,001.03 6,447.00 10,480.88
41,712.70 656.93 656.94
2,269.87 2,508.00
106.53 19,030.63 li,875.00
212.00 $130.726.65

$ 637.25 (->73.75 210.00 225.00 (->11.93 625.00 1,488.44 206.50 640.29
(->1,035.77 (->919.07 162.58 620.00 198.13
(->3,700.00
175.00 175.00
16.00 (-) 193.47
342.83
212.00
________

$ 210.00 225.00 451.14
2,668.62 744.44
1,641.73 1,384.71
849.52 1,226.00
2,287.30 693.07 693.06 230.13
1,312.20
$114.614.92

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Eaded Juae 30, 1954

BALANCE JULY 1, 1953
ADDITIONS: Transfers fron General Funds Transfers front Auxiliary Funds TOTAL ADDITIONS AND BALANCE
DEDUCTIONS: BUILDINGS AND ADDITIONS TO BUILDINGS Veteran Apartments Dining Hall Gymnasium President's Hone Home Economics Building Canteen Fire Safety-Band House

Funds For Plant Additions
$103,966.57

Funds For Debt Service
$

Total $103,966.57

$ 16,375.00 25.000.00
$145.341.57

$1.989.75 $1.989.75

$ 16,375.00 26.989.75
$147.331.32

$ 5,637.25 $ 9,590.29
10,680.88 38,546.94
2,269.87 19,030.63
4,076.38

$ 5,637.25 9,590.29
10,680.88 38,546.94
2,269.87 19,030.63
4,076.38

224

NORTH GEORGIA COLLEGE STATEMENT OF UNEXPENDED PLANT FOTOS (CONTINUED)

DEDUCTIONS: BUILDINGS AND ADDITIONS TO BUILDINGS (CONT'D) Fire Safety-Hone Economics Building Fire Safety-Infirnary Tire Safety-Sanford Hall Fire Safety-Baraes Hall Fire Safety-Bynnasiun Fire Safety-Library Fire Safety-Business Adninistration Fire Safety-Military Building Fire Safety-Seience Baildiag Fire Safety-Acadenic Baildiag Fire Safety-D.H. & Auditorin* TOTAL BUILDINGS AND ADDITIONS TO BUILDINGS

Funds For Plant Additions

Funds For Debt Service

Total

$ 656.93 744.00
2,452.00 4,944.41 6,001.03 6,447.00
656.93 656.94 106.53 212.00 261.38 S112.971.39

$ 696.93 744.00
2,452.00 4,944.41 6,001.03 6,447.00
656.93 656.94 106.53 212.00 261.38 U2.971.39

IMPROVEMENTS OTHER THAN BUILDINGS General Landscaping Extension of Utilities TOTAL

$ 206.50 11.875.00
$ 12.081.50

$ 206.50 11.875.00
$ 12.081.50

EQUIPMENT Farnitare - President's Hose

$ 3.165.76

$ 3.165.76

INDEBTEDNESS RETIRED University of Georgia Endowment Funds

I____________ $ 958.83

$ 958.83

OTHER DEDUCTIONS Interest on Indebtedness

$

$1.030.92

$ 1.030.92

OTHER EXPENDITURES NOT CAPITALIZED Priee and Acadenic Painting
TOTAL DEDUCTIONS
BALANCE JUNE 80, 1954

$ 2.508.00 $ $130.726.65 $1.989.75 $ 14.614.92 $

2.508.00 $132.716.40 $ 14.614.92

VALUE OF PLSNT JULY 1, 1954

SUMMARY OF INVESTMENT IN PLANT As of June 30, 1954

$2,635,093.75

ADDITIONS Expended fron Plant Funds Expended fron Educational and General Funds and Included in Current Expenditures Expended fron Auxiliary Funds and Included in Current Expenditures Buildings and Contents Constructed by the University Systen Building Authority TOTAL ADDITIONS
VALUE OF PLANT PLUS ADDITIONS JUNE 30, 1954

$128,218.65 10,254.07 17,471.79
256.213.83 $ 412.158.39 $3,047,252.14

NORTH GEORGIA COLLEGE
SUMMARY OF INVESTMENT IN PLANT (CONTINUED)
DEDUCTIONS Equipment Sold or Abandoned
VALUE OF PLANT JUNE 30, 1954
DEDUCT: Plant Indebtedness Due U. of Ga. Endow. Funds Equity of University Systeu Building Authority
INVESTMENT IN PLANT JUTC 30, 1954

$

964.01

\

$3,046,288.13

$ 33,405.09 710.180.54

743.585.63

$2.302.702.50

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954
Investment Beginning Of Year_______ Additions

Investment End of Deductions Year______

A. LAND Old Campus New Campus Old Farm New Farm TOTAL LAND
BUILDINGS Academic Price Memorial Business Administration Home Economics Military Science Library Auditorium-Dining Hall Gymnasium Band House Barnes Hall Barracks Sanford Hall Infirmary Military Garage Lewis Hall (USBA) Men's Dormitory (USBA) 5 Maintenance Bldg. Loggias House President's Home 3 Janitors Homes 4 Unit Faculty Apt. 1 Faculty Home 4 Faculty Homes 3 Faculty Homes 3 Faculty Homes 6 Faculty Homes

$ 23,667.65 $

$

6,000.00

4.000. 00

8.000. 00

L 41.667.65 i___ 1

$

$ 101,600.00 $ 19,242.63 $ 101,075.05

41,033.19

656.93

41,044.00

2,926.80

41,803.00

656.94

287,200.00

106.53

56,339.03

6,447.00

126,557.40

9,851.67

32,028.73 16,681.91

25,361.75

4,076.38

86,331.30

4,944.41

150,960.45

45,102.52

2,452.00

22,675.59

744.00

13,063.11

478,676.31

247,804.71

6,600.00

2,217.43

38,546.94

6,700.00

40,000.00

5,000.00

24,000.00

39,000.00

30,000.00

53,000.00

% 23,667.65 6,000.00 4.000. 00 8.000. 00
$ 41.667.65
$ 120,842.63 101,075.05 41,690.12 43,970.80 42,459.94 287,306.53 62,786.03 136,409.07 48,710.64 29,438.13 91,275.71 150,960.45 47,554.52 23,419.59 13,063.11 478,676.31 247,804.71 6,600.00 2,217.43 38,546.94 6,700.00 40,000.00 5.000.00 24,000.00 39,000.00 30,000.00 53,000.00

226

NORTH GEORGIA COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

B. BUILDINGS (CONTD) Faculty Garage Warehouse 3 Six Unit Vet. Apts. 10 Fans Buildings TOTAL BUILDINGS
C. IMPROVEMENTS OTHER THAN BUILDINGS Streets and Sidewalks Lighting System Water System Sewer System Landscaping TOTAL IMPROVEMENTS OTHER THAN BLDGS.
D. EQUIPMENT Administrative Offices Physical Plant Library Instructional Dept. Dormitories Dormitories (Bldg. Authority) Dining Hall Farm Faculty Housing Canteen Veteran Housing TOTAL EQUIPMENT
TOTAL INVESTED IN PLANT

Investment Beginning Of Year

Additions

Investment End of Deductions Year

$ 1,627.% $

$

2,500.00

59,417.99 :5,637.25

7.300.00

$1.928.214.81 $360.776.10 $

$ 1,627.% 2,500.00
65,055.24 7.300.00
$2.288.990.91

$ 51,000.00 $ 4,000.00 $

25,947.60

52.40

$ 55,000.00 26,000.00

21,338.20

661.80

22,000.00

39,700.00

1,300.00

41,000.00

2.392.67

6.067.30

8.459.97

$ 140.378.47 $ 12.081.50 J _________ $ 152.459.97

$ 19,195.91 $ v 386.59 $

126,900*. 72

6,428.85

75,362.31

3,111.94

182,629.89

3,492.45

26,924.80

1,851.03

35,843.42

8,409.17

40,435.42

1,635.02

2,677.90

9,206.03

608.21

2,680.42 13,077.53

2.976.00

300.00

524.832.82 $ 39.300.79 $

2 .635.093.75 $412.158.39 $

$ 19,582.50

133,329.57

78,474.25

186,122.34

28,775.83

44,252.59

42,070.44

964..01

1,713.89

9,814.24

15,757.95

3.276.00

964.,01 * 563.169.60

964..01 $3 .046.288.13

227

GEORGIA

STATE COLLEGE FINANCIAL REPORT

FOR

WOMEN

FOR THE YEAR ENDING

m

JUNE 30, 1954

Georgia State College for Woaen Milledgerille, Georgia

229

GEORGIA STATE COLLEGE FOR WOMEN

BALANCE SHEET Jane 30, 1954

ASSETS

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

$ 81,186.19 45.239.03 $ 126,425.22 -

B. RESTRICTED Cash in Bank Accounts Receivable TOTAL RESTRICTED FUNDS

$ 2,413.22 8.888.41 $ 11,301.63

C. AUXILIARY ENTERPRISES Cash in Bank Stores TOTAL AUXILIARY

$ 73,754.45 20.394.93 $ 94.149.38

TOTAL CURRENT FUNDS

$ 231,876.23

II. AGENCY FUNDS Cash in Bank

22,127.42

III.

ENDOWMENT FUNDS Cash in Bank Investments
U. S. Treasury Bonds University System Building Auth. Bonds G.S.C.W. Buildings Student Notes Receivable

$ 8,675.69

$ 119,200.00 2, 000.00
136,442.37
6.169.79

263.812.16

TOTAL ENDOWMENT FUNDS

272,487.85

IV. STUDENT LOAN FUM)S Cash in Bank Student Notes Receivable Investments U. S. Treasury Bonds University System Building Auth. Bonds Other Bonds

$ 13,679.23 10,282.67

$ 85,225.00 8 , 000.00 6.750.00

99.975.00

TOTAL STUDENT LOAN FUNDS

$ 123,936.90

V. PLANT FUNDS A. UNEXPENDED Cash in Bank

$ 50,301.55

B. EXPENDED Land Buildings Improvements Other Than Buildings Equipment

$ 262,369.65 3,065,632.28 324,150.00 1.260.083.90

$4.912.235.83

TOTAL PLANT FUNDS

$4.962.537.38

TOTAL ASSETS
NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound gg^ue of $6,124,500.00.

$5-612,965.78

GEORGIA STATE COLLEGE FOR WOMEN

BALANCE SHEET JUNE 30, 1954

LIABILITIES

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

$

333.18

1,678.58

17,986.25

106.427.21

$ 126,425.22

B. RESTRICTED Balance of Funds

11,301.63

C. AUXILIARY Accounts Payable Unearned Income Reserve for Stores Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS

$ 3,818.77 10,680.63 20,394.93 59.255.05

94.149.38 $ 231,876.23

II. AGENCY FUNDS Balance of Funds

22,127.42

III. ENDOWMENT FUNDS Balance of Funds

272,487.85

IV. STUDENT LOAN FUNDS Balance of Funds

123,936.90

V. PLANT FUNDS A. UNEXPENDED Balance of Funds

$ 50,301.55

B. INVESTED IN PLANT Equity of University System Bldg. Authority Due Other Funds Investment in Plant

$ 219,974.63 136,442.37
4,555,818.83

TOTAL PLANT FUNDS TOTAL PLANT FUNDS TOTAL LIABILITIES

$4.912.235.83 4.962.537.38
$5.612.965.78

231

GEORGIA STATE COLLEGE FOR WOMEN
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

EDUCATIONAL AND GENERAL STUDENT FEES
Non-Resident Tuition Matriculation Health Service Sumner School Music Placement Bureau
TOTAL STUDENT FEES

PUBLIC APPROPRIATIONS State of Georgia Less Amount Unpaid End of Year Plus Amount Unpaid Previous Year Vocational Funds Division of General Extension Baldwin County TOTAL PUBLIC APPROPRIATIONS

$441,600.00 45,239.03 25,505.79

GIFTS AND GRANTS Rockefeller Foundation

OTHER SOURCES Nursery School Kindergarten Miscellaneous TOTAL OTHER SOURCES

TOTAL EDUCATIONAL AND GENERAL INCOME

AUXILIARY ENTERPRISES CAFETERIA

DINING HALL

DORMITORIES Atkinson Beeson Bell and Annex Ennis Mansion Annex Mayfair Sanford Terrell and Annexes Miller Hall TOTAL DORMITORIES

APARTMENTS

LAUNDRY

General Income

Restricted

Income

Total

$ 1,780.70 $ 66,615.75 7,482.00 34,817.00 4,117.70 119.00
$114,932.15 _i__________

$ 1,780.70 66,615.75 7,482.00 34,817.00 4,117.70 119.00
$114,932.15

$421,866.76 1,600.00
$423,466.76

$ 16,943.09
68.088.64 $ 85.031.73

$421,866.76 16,943.09 1,600.00 68.088.64
$508,498.49

$ 975.70 $ 975.70

$ 3,136.25 $

$ 3,136.25

1,760.00

1,760.00

2.727.47

2.727.47

$ 7.623.72 J ___________ $ 7.623.72

$546,022.63 $ 86.007.43 $632,030.06

$ 16.932.54 J __________ $ 16.932.54 $167,568.00 J ___________ $167,568.00

$ 1,026.00 $ 9,785.18
12,850.89 2,497.24 2,498.75 2 7 :0 0 6,621.58
23,327.81 2.945.00
$ 61.579.45 _s__________

$ 1,026.00 9,785.18
12,850.89 2,497.24 2,498.75 27.00 6,621.58
23,327.81 2.945.00
$ 61.579.45

$ 14.232.00 *

$ 14.632.00

$ 28.201.73 $

$ 28.201.73

232

GEORGIA STATE COLLEGE FOR WOMEN

STATEMENT OF CURRENT INCOME (CONTINUED)

B. AUXILIARY ENTERPRISES (CONT'D) LIVESTOCK PROJECT
STUDENT UNION

Genera1 Income

Restricted

Income

Total

$ 2.832.71 $ 23. 137.97 $

$ 2.832.71 $ 23.137.97

TOTAL AUXILIARY ENTERPRISE INCOME

$314.884.40 $

$314.884.40

TRANSFERS FROM: Refund for New Science Building Plans

$ 11.381.68 $

$ 11.381.68

TOTAL AUXILIARY ENTERPRISE RECEIPTS

$326.266.08 $

$326.266.08

C. STUDENT AID GIFTS AND GRANTS Milledgeville Scholarship Fund Thomaston Mills Scholarship Fund TOTAL GIFTS AND GRANTS

$

$ 500.00 $ 500.00

1.000.00

1.000.00

H

$ 1.500.00 $ 1.500.00

ENDOWMENTS J. L. Beeson Scholarship Fund Chappell Scholarship Fund Faculty Scholarship Fund A. A. Lowe Scholarship Fund Sylvester Mumford Memorial Fund Thomas E. Mitchell Fund TOTAL ENDOWMENTS
TOTAL STUDENT AID
TOTAL CURRENT INCOME

$

$

25.00 $

25.00

50.00

50.00

137.50

137.50

100.00

100.00

5,171.96

5,171.96

3.205.22

3.205.22

$ 8.689.68 $ 8.689.68

$

$ 10.189.68 $ 10.189.68

$872.288.71 $ 96.197.11 $968.485.82

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL ADMINISTRATIVE AND GENERAL Administrative Dean Alumnae Office Comptroller's Office President's Office Public Relations Registrar's Office General Expense TOTAL ADMIN. & GEN.

Fund Classification

General

Restricted

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense Equipment

$ 4,567.03 $ 4,819.70
18,965.24 21,579.48
4,140.58 10,694.15
19.919.29
J___ $ 84.685.47

$ 4,379.75 3,987.37 17,143.58 18,731.33 2,851.50 9,442.36 3.971.81
$ 60.507.70

$ 187.28 832.33
1,531.66 2,083.15 1,289.08 1,251.79 15.947.48 $ 23.122.77

$ 290.00 765.00
$ 1.055.00

233

GEORGIA STATE COLLEGE FOR WOMEN

STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Fund Classification

General

Restricted

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense Eauipment

EDUCATIONAL AND GENERAL (CONT'D)

STUDENT WELFARE

Dean of Women Student Personnel Placement Bureau Student Hospital

$ 7,346.15 $ 1,084.47 1,412.28
11,085.39

Voluntary Religious Activ.

3,050.00

Lake Laurel

1.732.17

TOTAL STUDENT WELFARE

$ 25.710.46 $

PLANT OPERATIONS

$104.196.56 $

LIBRARY

$ 31.798.66 $

$ 7,190.00 $ 1,031.16

156.15 $ 53.31

1,280.00

132.28

9,925.99

1,159.40

3,050.00

512.00

1.220.17

$ 22.989.15 $ 2.721.31 $

$ 52.375.35 $ 49.427.91 $ 2.393.30

$ 20.173.50 $ 1.662.05 $ 9.963.11

INSTRUCTION

Art

$ 8,126.42 $

$ 7,650.00 $ 442.11 $

34.31

Biology

12,364.13

10,637.30

1,448.38

278.45

Business Administration

25,653.06

20,089.63

1,721.08

3,842.35

Chemistry

9,164.15

7,481.54

1,133.61

549.00

Education

28,615.32

28,046.63

568.69

English

22,928.75

22,856.04

72.71

General Instruction

10,779.20

5,981.12

4,798.08

Health & Physical Education 19,767.62

18,310.99

1.456.S3

History Home Economics

8,472.26 24,936.05

8,413.25 22,130.65

59.01 1,632.23

1,193.17

Home Management

518.99

222.30

240.69

56.00

Mathematics

9,369.08

9,275.%

93.12

Music

24,324.09

21,8%.60

2,427.49

Nursery School

7,358.38

5,738.99

1,587.25

32.14

Peabody Practice School

17,412.73 68,434.48 81,453.98

3,732.82

660.41

Physics

4,834.20

4,446.08

6.50

381.62

Romance Languages

13,904.48

13,057.63

5 % . 85

250.00

Sociology

17,738.43

17,631.75

106.68

Summer School

41.769.70

41.712.50

57.20

TOTAL INSTRUCTION

$308.057.04 $ 68,434.48 $347.032.94 $ 22.181.13 $ 7.277.45

RESEARCH

$ 582.72 $ 975.70 $ 363.28 $ 865.85 $ 329.29

EXTENSION Vocational Home Economics General Extension TOTAL EXTENSION

$ 126.86 $ 14,988.20 $ 11,298.78 $ 3,816.28 $

2.514.15

2.514.15

$ 2.641.01 $ 14.988.20 $ 13.812.93

3.816.28 $

TOTAL EDUC. & GEN. EXPEND. $557.671.92 $ 84,398.38 $517.254.85 $103.797.30 $ 21.018.15

TRANSFER TO: Plant Funds
TOTAL EDUC. & GEN. DISB.

$ 10.500.00 $568.171.92 $ 84.398.38 $517.254.85 $103.797.30 $.21.018.15

234

GEORGIA STATE COLLEGE FOR WOMEN STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

AUXILIARY ENTERPRISES CAFETERIA

Fund Classification

General

Restricted

Object Classification

Operating

Salaries

Supplies

& Wages

6 Expense Eauipment

$ 18.820.03 $

$ 8.734.39 $ 10.076.07 $

9.57

DINING HALL

$168.218.87 $

$ 38.678.22 $130.167.41 $( 0626.76

DORMITORIES Atkinson Beeson Bell and Annex Ennis Mayfair Sanford Terr11 and Annexes TOTAL DORMITORIES

$ 1,751.00 $ 9,849.80
16,466.61 5,732.55 139.44
11,555.30 18.183.40 $ 63.678.10 $

$ 212.90 $ 1,538.10 $

5,497.58

4,352.22

8,645.83

7,721.78

911.09

4,722.46

60.00

79.44

6,138.68

5,416.62

9.018.07

9.056.75

$ 30.484.15 $ 32.887.37 $

99.00 99.00
108.58 306.58

APARTMENTS AND OTHER RENTALS

Alumnae Guest House Miller Hall Apartments

$ 2,894.99 $ 1,081.72

Parkhurst Apartments

4,313.89

Family Dwelling Units

1.342.22

TOTAL APTS. & OTHER

$ 9.632.82

$ 1,255.11 $ 1,639.88 $

2 % . 70

785.02

50.00

4,263.89

282.25

%5.59

$ 1.884.06 $ 7.654.38 $

94.38 94.38

LAUNDRY

$ 28.834.09

$ 22.426.34 $ 6.307.75 $ 100.00

LIVESTOCK PROJECT

$ 686.66 $

$

$ 686.66 $

STUDENT UNION

$ 24.123.55 $

$ 4.427.75 $ 19.395.80 $ 300.00

TOTAL AUXILIARY ENTERPRISES $313.994.12 $

$106.634.91 $207.175.44 $ 183.77

TRANSFER TO: Plant Funds

$ 45.211.87

TOTAL AUXIL. DISB.

$359.205.99 $

$106.634.91 $207.175.44 $ 183.77

STUDENT AID SCHOLARSHIPS

$ 7.854.% $

$ 7.854.% $

TOTAL CURRENT EXPENDITURES $871.666.04 $ 92.253.34 $623.889.76 $318.827.70 $21.201192

STATEMENT OF OPERATIONS OF RESTRICTED FUNDS For Year Ended June 30, 1954

EDUCATIONAL AND GENERAL Baldwin County Vocational Home Economics Rocefeller Foundation TOTAL EDUC. & GEN.

Balance Beginning Of Year

Receipts For Year

Balance

Disbursements End

For Year

Of Year

$ -5,536.34 -4,961.12
$-10.497.46

$ 68,088.64 16,943.09 975.70
$ 86.007.43

$ 68,434.48 14,988.20 975.70
$ 84.398.38

$ -5,882.18 -3,006.23
$ -8.888.41

235

GEORGIA STATE COLLEGE FOR WOMEN STATEMENT OF OPERATIONS OF RESTRICTED FUIfJS (CONTENDED)

Balance Beginning Of Year

Receipts For Year

Balance

Disbursements End

For Year

Of Year

B. STUDENT AID SCHOLARSHIPS A. A. Lowe Fund Thomaston Mills Sylvester Mumford Memorial Writers Fuad J. L. Beesoa Scholarship Fuad Chappell Scholarship Fuad Faculty Scholarship Fuad Milledgeville Scholarship Fuad Thomas E. Mitchell Fuad TOTAL STUDENT AID
TOTAL RESTRICTED FUNDS

$ 181.77 $ 100.00 $

1,500.08

1 ,000.00

230.00 $

51.f 7

999.%

1,500.12

7,185.06 100.00

5,171.% 25.00

4,900.00 135.00

7,457.02 100.00
(-H10.00

50.00

90.00

t~)40.00

137.50

330.00 (4)192.50

500.00

500.00

3.205.22

1.170.00

2.035.22

A 8.966.91 A 10.189.66 $ 7.854.% $ 11,301.63

A -1.530.55 A 96.197.11 A 92.253.34 $ 2.413.22

STATEMENT OF CHANGES IN CASH BALANCES For Year Eaded June 30, 1954

Cash Balance Receipts July 1. 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

CURRENT FUNDS General Restricted Auxiliary TOTAL CURRENT FUNDS
AGENCY FUNDS
PLANT FUNDS
TRUST FUNDS Loan Funds EndotraM*nt- Fund* TOTAL TRUST FUNDS
TOTAL

$103,335.48 -1,530.55
106.694.36 A208.499.29
A 17.994.42
Al02.476.30

$ 546,022.63 $ 568,171.92 $ 81,186.19

%,197.11

92,253.34

2,413.22

326.266.08

359.205.99 73.754.45

$ %8.485.82 A 1.019.631.25 A157.353.86

$ 57.629.58 A 53.4%. 58 A 22.127.42

$ 75.7U.87 A 127.886.62 A 50.301.55

$ 15,631.64 4.388.08
A 20.019.72
A348.989.73

$ 7,901.07 $ 9,853.48 $ 13,679.23

15.494.19

11.206.58

8.675.69

$ 23.395.26 A 21.060.06 A 22.354.92

$1 .125.222.53 Al.222.074.51 A252.137.75

BANK BALANCES

Milledgeville Banking Company Exchange Bank of Milledgeville

$238,161.82 13,975.93
A252.137.75

236

GEORGIA STATE COLLEGE FOR WOMEN

STATEMENT OF TRUST FUN) BALANCES Fo r Year Ended June 30, 1954
Endowment Funds

Lean Funds

Total

BALANCE OF PRINCIPAL, BEGINNING OF YEAR

$270.805.55 $114.082.08 $384.887.63

ADDITIONS: Gifts aid Grants Gaia oa Investments Income oa larestmeats TOTAL ADDITIONS

$ 1,932.37
9.206.58 $ 11.138.95

$ 941,19 3,833.75 5.364.88
$ 10.139.82

$ 2,873.56 3,833.75
14.571.46 $ 21.278.77

DEDUCTIONS: Transfer to Restricted Fands Expense of Trast Notes Written Off TOTAL DEDUCTIONS
BALANCE OF PRINCIPAL, END OF YEAR

$ 8,689.68 $ 516.90 250.07
$ 9.456.65 $

$ 8,689.68

285.00

801.90

*.07

285.00 $ 9.741.65

$272.487.85 $123.936.90 $3%. 424.75

ENDOWMENT FUNDS A. A. Lowe Sylvester Mamford Memorial J. L. Beeson Fand Chappell Fand Facalty Fand Agnes Green Martin Fand Thomas E. Mitchell Fand Hallie C. Smith Fand Blanche, Tait Fand TOTAL E1D0NMENT FUNDS

<S) BALANCES BY FUIOS Jane 30, 1954

Bnmd Balance

Beginning

Of Year

Additions

Deductions

Fund Balance End of Year

$ 4,000.00 $ 100.00 $ 100.00 $ 4,000.00

200,083.90

5,175.34

5,175.34 200,083.90

1,374.80

60.00

25.00

1,409.80

2,352.63

50.00

50.00

2,352.63

10,708.06

157.50

137.50 10,728.06

100.00

100.00

52,286.16

3,718.74

3,968.81 52,036.09

1,111.03

1,111.03

666.34

666.34

$270.805.55 $ 11.138.95 $ 9.456.65 $272.487.85

LOAN FUIOS Atlanta GSCW Alamnae Fand Earl Bailey Callie C. Bell, DAR Philo S. Bennett L. D. Wimberly Bridges, DAR Corrie Hoyt Brown GSCW Student Defense History Clab L. Morel Sylvester Mamford Loan Alice W. Shinholser *1 Alice W. Shinholser *2 Anna Brown Small Joseph M. Terrell Thomaston Mills Loan Fand Fannie Tramneil, DAR Grace Beatty Watson TOTAL LOAN FUNDS

$ 100.00 $ 500.71

27.00 $

256.27

1,145.38

25.00

200.00

73,386.95

8,005.81

536.50

188.50

267.15

1,907.75

837.50

3,561.67

75.00

1,671.15

25.00

1,527.61

25.00

2,084.31

37.50

12,057.99

250.00

7,251.91

506.01

7,438.38

137.50

188.35

$114.082.08 $ 10.139.82

237

285.00 285.00

$ 127.00 500.71 256.27
1,170.38 200.00
81,392.76 725.00 267.15
2,460.25 3,636.67 1,6%. 15 1,552.61 2,121.81 12,307.99 7,757.92 7,875.88
mas $ 123 936.90

GEORGIA STATE COLLEGE FOR WOMEN
STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Balance Beginning Of Year

Receipts For Year

Balance

Disbursements End

For Year

Of Year

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

$ 7,502.04 904.22
9.588.16

$10,095.78 30,013.75 17.520.05

$ 9,446.33 29,929.49 14.120.76

$17,994.42 $57,629.58 $53.4%.58

$ 8,151.49 988.48
12.987.45
$22,127.42

DETAIL OF ENDOWMENT FUND INVESTMENTS JUNE 30, 1954

Rate Of Interest

U. S. Treasury Bonds

U. S. Treasury, Series G

23$

U;.S, Treasury, Series G

23$

U. S. Treasury, Series G

23$

U. S. Treasury, Series G

23$

U. S. Treasury, Series G

23$

U. S. Treasury, Series G

23$

U. S. Treasury, Series G

23$

U. S. Treasury, Series K

23$

Total U. S. Treasury Bonds

Other Bonds

University System Building Authority

3%

TOTAL ENDOWMENT FUNDS INVESTMENTS

DETAIL OF LOAN FUND INVESTMENTS JUNE 30, 1954

Maturity Date
7-1-58 2-1-61 3-1-61 7-1-61 6-1-62 5-1-63 11-1-63 8-1-64
6-1-1970

Book Value
$ 5,500.00 20,000.00 6,500.00 46,500.00 15,000.00 5,900.00 9,800.00 10.000.00
$119.200.00
$ 2.000.00
$121,200.00


U. S. Treasury Bonds U. S. Treasury, Series F U. S. Treasury, Series F U. S. Treasury, Series F U. S. Treasury, Series F U. S. Treasury, Series G U. S. Treasury, Series G U. S. Treasury, Series G U. S. Treasury, Series G U. S. Treasury, Series G U. S. Treasury, Series G U. S. Treasury, Series G U. S. Treasury, Series K U, S. Treasury
Total U. S. Treasury Bonds

Rate Of Interest

Maturity Date

Book Value

2.53% 2.53% 2.53% 2.53% 23$ 23$ 23$ 23$ 23$ 23$ 23$ 23$ 23$

5-1-55 6-1-55 5-1-56 6-1-56 7-1-58 2-1-61 6-1-61 7-1-61 5-1-63 12-1-63
2- 1-64
8-1-64 6-15-67

$ 50.00 25.00 25.00
125.00 25,500.00
5,000.00 3,000.00 4,500.00 3,000.00 13,500.00 27,000.00 2 ,000.00 1.500.00 $85.225.00

238

GEORGIA STATE COLLEGE FOR WOMEN DETAIL OF LOAN FOND INVESTMENTS (CONTINUED)

Rate Of Interest

Other Bonds

University System Building Authority

3%

Atlantic Company

5%

TOTAL OTHER BONDS

TOTAL LOAN FUND INVESTMENTS

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ending June 30, 1954

Maturity Date
6-1-70 4-1-80

Book Value
$ 8,000.00 6.750.00
$14.750.00
$99.975.00

BALANCE, BEGINNING OF YEAR
ADDITIONS: State Appropriations Transfers from Auxiliary Funds Transfers from Educational and General Funds TOTAL ADDITIONS
DEDUCTIONS: Expended for Plant Additions Buildings and Additions to Buildings Beeson Hall Bell Hall and Annex Chappell Hall Ennis Hall Guest House (Mansion Annex) The Mansion Mayfair Hall Parks Hall Russell Auditorium Sanford Hall Terrell Hall Improvements Other than Buildings Lake Laurel - Spillway Equipment TOTAL EXPENDED FOR PLANT ADDITIONS
LOANS REPAID Endowment Funds
OTHER DEDUCTIONS Interest on Indebtedness
TOTAL DEDUCTIONS
BALANCE, JUNE 30, 1954

Funds For Plant Addition

Funds For Debt Service

$102.476.30 $

Total Funds
$102.476.30

$ 20,000.00 37,806.34 10.500.00
$ 68.306.34

$ 7,405,53
$ 7.405.53

$ 20,000.00 45,211.87 10.500.00
$ 75.711.87

$ 15,440.49 $ 1,428.80 5,101.16
17,831.89 3,627.20 17,770.31
712.89 37,534.34
125.00 7,394.14
545.07
9,400.00 3.569.80 $120.481.09 $

$ 15,440.49 1,428.80 5,101.16
17,831.89 3,627.20
17,770.31 712.89
37,534.34 125.00
7,394.14 545.07
9,400.00 3.569.80 $120.481.09

s_

$ 3.897.05 $ 3.897.05

! _ __________ $ 3.508.48 $120.481.09 $ 7.405.53 $ 50.301.55 $

$ 3.508.48 $127.886.62 $ 50.301.55

239

GEORGIA STATE COLLEGE FOR WOMEN
SUMMARY OF INVESTMENT IN PLANT Fir Year Ended Jane 30, 1954

VALUE OF PLANT JULY 1, 1953

ADDITIONS DURING YEAR Buildings Constructed by University System Bnilding Authority Expended F r Plant Funds Expended f r Educational and General Funds and included iu Current Expenditures Statement Expended f r Auxiliary Funds and included in Current Expenditure.Statement
TOTAL ADDITIONS
VALUE OF PLANT JUNE 30, 1954
DEDUCT: Loan Payable to Endoment Funds Equity of University System Building Authority
NET INVESTMENT IN PLANT, JUNE 30, 1954

$227,559.95 120,481.09 21,018.15 183.77
$136,442.37 219.974.63

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

$4,542,992.87
t 369.242.% $4,912.235. j 356.417.00 4.555.818.83

A. LAND Main Oumpus - 1 % Acres Ennis Mansion 3 Acres Mayfair Lot Peabody Lot - 2% Acres Boddie Lot - Peabody Rivers Lot - Peabody Gilbert Park Lot - Wilkinson and Montgomery Lot - Columbia and Green Humber Lot Sanford Hall Lot Government Park Lot - Montgomery and Wayne Barnes Lot Moutgery Street Lot Gilstrap Lot Nursery School Lot Luke Laurel Area Camp Ray Lot Montgomery Street Lot - Wilkinson Street Let - Wilkinson Street & Montgomery TOTAL LAND

Year Acauized
1939 1937 1940 1946 1946 1946 1947 1944 1937
1943 1944 1948 1944 1950 1938 1941 1951 1951 1952

Investment Beginning Of Year

Additions

$110,000.00 $ 50,000.00 7,500.00 6 ,000.00 700.00 1,800.00 10,000.00 4,500.00 5,000.00 3,500.00 6 ,000.00 10,000.00 4,500.00 2 ,000.00 3,000.00 2 ,000.00 2,500.00 7,500.00 7,500.00 8,213.00 3,156.65 7.000.00
$262.369.65

Investment End Of t a r
$ 110,000.00 50,000.00 7,500.00 6 ,000.00 700.00 1,800.00 10,000.00 4,500.00 5,000.00 3,500.00 6 ,000.00 10,000.00 4,500.00 2 ,000.00 3,000.00 2 ,000.00 2,500.00 7,500.00 7,500.00 8,213.00 3,156.65 7.000.00
* 262.369.65

240
w

GEORGIA STATE COLLEGE FOR WOMEN STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Year Acauired

Investment Beginning Of Year

Additions

Investment End Of Year

BUILDINGS Arts Atkinson Beeson Bell and Annexes Chappell Education Ennis Health & Physical Education Home Management House Russell Library Mansion Annex The Mansion Mayfair Miller Parkhurst Parks Parks Memorial Hospital Peabody High School Peabody Elementary School Porter Hall and Annex Russell Auditorium Sanford Science Building (Bldg. Auth.) Terrell Terrell Annex A Terrell Annexes B and C Log Hut Lake Laurel House Utility Building Gilstrap Building Nursery School Georgia House Residence - Wilkinson and Montgomery Residence - Wilkinson
TOTAL BUILDINGS

1927

$ 92,650.00

1897

210,000.00

1937

112,790.79

1925

233,022.13

1908

107,500.00

1927

51,850.00

1918

114,287.11

1939

153,058.86

1947

37,500.00

1928

99,356.80

1898

64,000.00

1891

65,000.00

1939

20,000.00

1943

50,000.00

1949

157,502.33

1925

114,207.33

1929

50,600.00

1927

50,250.00

1939

130,000.00

1939

108,100.00

1928

116,850.00

1939

141,606.47

Under Con.

1909

141,602.98

1922

62,707.62

1922

138,207.62

1924

3,500.00

1938

10,511.11

1945

50,000.00

1944

5,000.00

1950

6,000.00

1950

15,001.60

1952

11,600.00

1952

6.298.29

$2.730.561.04

$ 15,440.49 1,428.80 5,101.16 17,831.89
3,627.20 17,770.31
712.89 37,534.34
125.00 7,394.14 227,559.95
545.07
$335.071.24

$ 92,650.00 210,000.00 128,231.28 234,450.93 112,601.16 51,850.00 132,119.00 153,058.86 37,500.00 99,356.80 67,627.20 82,770.31 20,712.89 50,000.00 157,502.33 151,741.67 50,600.00 50,250.00 130,000.00 108,100.00 116,975.00 149,000.61 227,559.95 142,148.05 62,707.62 138,207.62 3,500.00 10,511.11 50,000.00 5,000.00 6,000.00 15,001.60 11,600.00 6.298.29
$3.065.632.28

IMPROVEMENTS OTHER THAN BUILDINGS Electric Water Coolers Tennis Courts Landscaping and Shrubbery Campus Bell System Campus Electrical System Heating System Water System Swimming Pool Well - Lake Laurel Spillways - Lake Laurel
TOTAL IMPROVEMENTS OTHER THAN BUILDINGS

$ 3,500.00 2,750.00
13,000.00 1,500.00
46,000.00 200,000.00
19,000.00 25,000.00
4,000.00
$314.750.00

$

3,500.00

2,750.00

13,000.00

1,500.00

46,000.00

200,000.00

19,000.00

25,000.00

4,000.00

$ 9.400.00

9.400.00

$ 9.400.00 _JL_ 324.150.00

241

GEORGIA STATE COLLEGE FOR WOMEN STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

D. EQUIPMENT Administrative Office Physical Plant Library Instructional Depts. Organized Research Extension Cafeteria Dining Hall Laundry Parkhurst Apts. Residence Halls Student Union Hospital Related Activities Campus Equipment TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

Investment Beginning Of Year

Additions

E. & G.

Aux. Ent.

PI. Funds

Investment End Of Year

$ 26,334.27 209,597.87 265,911.83 266,423.01 4,692.10 1,528.95 16,019.20 141,548.52 48,268.17 11,643.94 200,928.40 23,499.94 10,766.54 5,232.14 3.917.30
$1.235.312.18

$ 1,055.00 2,393.30 9,963.11 7,277.45 329.29
$21.018.15

$
9.57 (- )626.76
100.00 306.58 300.00
94.38 $ 183.77

$4.542.992.87 $

$369.242.%

$ 1,026.00
1,939.00 604.80
$3.569.80

$ 26,389.27 211,991.17 276,900.94 273,700.46 5,021.39 1,528.95 16,028.77 140,921.76 48,368.17 11,643.94 201,234.98 23,799.94 10,766.54 7,265.52 4.522.10
$1.260.083.90

$

$4.912.235.83

242

GEORGIA

TEACHERS COLLEGE FINANCIAL REPORT

FOR THE YEAR ENDING JUNE 30, 1954

Georgia Teachers College Collegeboro, Georgia
243

GEORGIA TEACHERS COLLEGE
BALANCE SHEET Ji m 30, 1954

I. CURRENT FUNDS
A. GENERAL Cash in Bank Aeenxti Receivable Veterans Administration Vocational Rehabilitation Bn1loch County TOTAL GENERAL FUNDS

ASSETS

$ 32,596.95

$1,200.00 137 50
7.5tt!66

8.054.16 $ 41,451.11

B. AUXILIARY Cask in Bank Aceennts Receivable - Veterans Adm. Temporary Investment TOTAL AUXILIARY FUNDS

$ 36,123.77 300.00
100.000.00

136.423.77

TOTAL CURRENT FUNDS

$ 177,974.08

II. AGENCY FUNDS Cask in Bank

$ 15,274.40

III. PLANT FUNDS A. UNEXPENDED Cask in Bank

$ 2,571.30

B. EXPENDED Lands Buildings Improvements Otker Tkan Buildings Equipment TOTAL EXPENDED

$ 48,899.00 1,640,383.14 32,549.23 503.905.07

2.225.736.44

TOTAL PLANT FUNDS

$2.228.307.74

TOTAL ASSETS

S2.BU457.02

NOTE: Buildings are rained at cost. Based on an appraisal made during 1953-54, buildings kad a sound value of $2,919,-400.00.

244

GEORGIA TEACHERS COLLEGE

BALANCE SHEET June 30, 1954

LIABILITIES

I. CURRENT FUNDS A. GENERAL Purchase Orders Outstanding Unearned Inceae Surplus TOTAL GENERAL F U W S

$ 6, 419*13
17,240.25
17.747.73

B. AUXILIARY Acchunts Payable Unearned Income Surplus TOTAL AUXILIARY

$ 2,750.52 8,870.52
124.802.73

TOTAL CURRENT FUNDS

II. AGENCY Fund Balance

III. PLANT FUNDS A. UNEXPENDED Fund Balance

B. EXPENDED Equity of University System Building Autk. Net Investment in Plant

$ 718,386.48 1,507*349^86

TOTAL PLANT FUNDS

TOTAL LIABILITIES, SURPLUS AND FUND BALANCES

$ 41,451.11
136.423.77 $ 177,874.88 $ 15,274.40
$ 2,571.30
$2,225.786.44 $2.228.307.74 $2.421.457.02

245

GEORGIA TEACHERS COLLEGE

A. EDUCATIONAL AND GENERAL STUDENT FEES Matriculation Non-Resident Tuition Health Fees Sumner School Other Fees TOTAL STUDENT FEES

STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

OTHER SOURCES Property Rentals General Extension TOTAL OTHER SOURCES

PUBLIC APPROPRIATIONS State of Georgia Bulloch County TOTAL PUBLIC APPROPRIATIONS

TOTAL EDUCATIONAL AND GENERAL INCOME

B. AUXILIARY ENTERPRISES BOOKSTORE

DORMITORIES Cone Hall East Hall Lewis Hall Sanford Hall Cottages West Hall TOTAL DORMITORIES

DINING HALL

$ 72,671.85 2,788.88 5,615.00
32,886.51 6.165.26
$120.127.56

$ 2,920.75 1. 200.00
$ 4.120.75

$289,536.00 43.374.20
$332.910.20
$457.158.51

$ 42.071.59

$ 5,281.75 8.965.85 6.563.85
10,791.65 2,455.75 9.625.50

$ 43.664.35 $139.489.56

FARM OTHER INCOME

$ 11.066.62 $ 2.250.00

TOTAL AUXILIARYINCOME

$238.562.12

TOTAL CURRENT INCOME

$695.720.63

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL ADMINISTRATIVE & GENERAL Business Office Presidents Office Public Relations Registrar's Office General Expense TOTAL ADM. & GENERAL

Total:

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense Equipment

$ 12,290.60 $ 11,739.18 $ 422.92 $ 128.50

13,534.76

13,404.64

50.12

80.00

3,399.15

2,792.42

606.73

6,086.87

5,885.28

101.59

100.00

19.913.24

75.25 19.837.99

$ 55.224.62 $ 33.8%.77 $21,019.35

308.50

GEORGIA TEACHERS COLLEGE

STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

A. EDUCATIONAL AND GENERAL (CONT'D) STUDENT WELFARE Dean of Women Placement Bureau Health Service Counseling & Guidance TOTAL STUDENT WELFARE

Total

Salaries & Waaes

Object Classification Operating Sapplies & Expense Equipment

$ 5,100.26 $ 5,004.91 $ 95.35 $

1,665.75

1,500.00

165.75

4,416.46

4,106.16

184.55

125.75

5.754.20

5.082.96

418.26

252.98

$ 16.936.67 $ 15.694.03 $ 863.91 $ 378.73

PLANT OPERATIONS

$ 59.130.22 $ 26.264.19 $31.353.22 $ 1.512.81

LIBRARY

$ 26.839.08 $ 20.564.62 $ 661.01 $ 5.613.45

INSTRUCTION Dean Art Biology Chemistry C o m e r ce Education English Home Economics Industrial Arts Lab School Mathematics Music Physics Physical Education Social Science Speech Summer School TOTAL INSTRUCTION

$ 6,903.68 8,999.39
10,059.08 5,859.86
11,620.03 31,777.31 15,454.27 17,891.54 15,964.37 72,092.16
6,260.68 19,158.26
5,654.24 17,284.63 20,249.59 4,175.28 36.816.68 $306.221.05

$ 6,735.23 $ 8,118.17
9,534.99 5,175.92 10,175.92 31,532.73 15,198.30 16,169.84 13,965.80 69,238.25 6,166.08 18,098.67 4,935.00 13,804.13 20,029.80 4,100.75 35.393.60 $288.373.18

$ 168,45 592.16 524.09 683.94 359.59 244.58 198.97
1,267.53 628.40
2,181.18 26.60
1,049.87 441.21
1,201.61 219.79 8 13
1.423.08 $11.219.18

$ 289.06
1,084.52
57.00 454.17 1,370.17 672.73
68.00 9.72
278.03 2,278.89
66.40
$ 6.628.69

TOTAL EDUCATIONAL AND GENERAL EXPEND. $464.351.64 $384.792.79 $65.116.67 $14.442.18

TRANSFER TO: Plant Funds

$ 5.000.00

TOTAL EDUCATIONAL & GENERAL DISBS.

$469.351.64

AUXILIARY ENTERPRISES BOOKSTORE DORMITORIES
Cone Hall East Hall Lewis Hall Sanford Hall West Hall Cottages
TOTAL DORMITORIES
DINING HALL

$ 43.677.18 $ 4.715.73 $38.373.50 $ 587.95

$ 8,561.07 9,620.75 9,767.61
15,520.92 11,640.%
2.060.70 $ 57.172.O F

$ 5,333.32 6,104.91 6,152.86 6,669.16 6,369.63 756.79
$ 30.386.67

$ 3,135.92 3,029.57 3,023.85 3,949.67 4,085.55 1.303.91
$18.528.47

$ 1,091.83 486.27 590.90
4,902.09 1,185.78
$ 8.256.87

$119*903.-83 $ 29.466.08 $90*116.79 $ 320,.%

247

GEORGIA TEACHERS COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

B. AUXILIARY ENTERPRISES (CONT'D) FARM
TOTAL AUXILIARY EXPENDITURES
TRANSFER TO: Plant Funds
TOTAL AUXILIARY DISBURSEMENTS
TOTAL CURRENT EXPENDITURES

Total

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense Equipment

$ 11.805.18 $ 5.677.50 $ 5.361.48 $ 766.20 $232,558.20 $ 70.245.98 $152,380.24 $ 9.931.98

$ 54.500.00 $287,058.20 $696,909.84 $455,038.77 $217.4%. 91 $24,374.16

STATEMENT OF CHANGES IN CASH BALANCE For Year Ended Jane 30, 1954

Cash Balance Receipts July 1. 1953 For Year

Disbursement Cash Balance

For Year

June 30. 1954

CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS
PLANT FUNDS
AGENCY FUNDS
TOTALS

$ 44,790.08 84.619.85
$129,409.93

$457,158.51 238.562.12
$695,720.63

$469,351.64 $32,5%. 95 287.058.20 36.123.77
$756,409.84 $68,720.72

$114,876.86 $ 62.600.00 $174,905.56 $ 2.571.30

$ 12.543.63 $ 57.872.62 $ 55.141.6S $15,274.40

$256,830.42 $816,193.25 $986,457.25 $86,566.42

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Student Activities Student Bank Applications Deposit
TOTALS

$ 1,494.34 2,529.29 8.520.00
$12,543.63

$17,145.36 35,462.26 5.265.00
$57,872.62

$16,788.34 34,648.51 3.705.00
$55,141.85

$ 1,851.36 3,343.04 10.080.00
$15,274.40

STATEMENT OF OPERATION OF UNEXPENDED PLANT FUNDS For Year Ended Jane 30, 1954

Library Administration Bldg. Laboratory School Campus Fire Safety Program Biology Building

Balance July 1. 1953
$ 6,415.00 28,137.92 10,980.00 414.05 1,500.00 250.00

Receipts
$ 25,000.00

Disbursements Transfers

$ 1,276.03 54,864.91 6,559.00 465.69
626.28

$(-)l,439.25 (-) 9.62 4,421.00 414.05 1,500.00 (-) 111.28

Balance June 30. 1954 $ 6,578.22
(->1,717.37
(-) 465.69
(-) 265.00

248

GEORGIA TEACHERS COLLEGE

STATEMENT OF OPERATION OF UNEXPENDED PLANT FUNDS (CONTINUED)

Bnlanee July 1. 1953 Receipts

Disbursements Transfers

Balance June 30. 1954

Swimming Peel Chemistry Building Elementary Building Gymnasium Industrial Arts Building East Hall Lewis Ball Sanford Hall Nest Hall Health Cottage Nursery School President's Home Pres. Home Furnishings Home Management House Vater Lines General Plant Funds
TOTAL

$

45.26

950.00

71.14

390.00

900.00

3,747.31

3,102.73

4,100.00

3,4%.55

950.00

14,530.65

34,8%. 25

$114.876.86

$
11,000.00 9,000.00 4,500.00
10,000.00 3.100.00
$62.600.00

$ 1,079*83 1,147.31 1,725.13
5,864.67 2,510.11 4,362.20 5,307.52
586.02 29,789.67 44,666.46
1,884.91 10,157.90
2,081.92
$174.905.56

$

45.26 $

232.67 (-) 362.50

(->1,128.86

52.69

(-)1,335.13

900.00

(->2,512.02,

394.66

607.62 (-) 15.00

(->1,536.34

1,274.14

(->2,655.73

844.76

141.98

272.00

(-) 469.35 (->3,789.67

(-) 770.21

2,615.09

(-) 157.90

(->2,081.92

2.935.00

165.00

$ ............. $ 2.571.30

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ending June 30, 1954

BALANCE JULY 1, 1954

AUDITIONS BOARD OF REGENTS Fire Prevention Sale of Replaced Equipment TOTAL ADDITIONS

$ 2,600.00 500.00

TRANSFERS: From Educational and General Funds From Auxiliary Funds TOTAL TRANSFERS

$ 5,000.00 54.500.00

TOTAL FUNDS AVAILABLE

DEDUCTIONS: BUILDINGS AND ADDITIONS TO BUILDINGS Administration Building Nursery School President's Home TOTAL BUILDINGS AND ADDITIONS

RENOVATIONS AND REPAIRS Library Bielegy Chemistry Music-Business Gymnasium East Hall Lewis Hall Sanferd Hall

$114,876.86
3,100.00
59.500.00 $177,476.86
$ 44,000.00 29,789.67 44.666.46
$118.456.13
$ 1,276.03 626.26
1,079.83 1,147.31 1,725.13 5,864.67 2,510.11 4,362.20

249

GEORGIA TEACHERS COLLEGE
STATEMENT OF UNEXPENDED 'PLANT FUNDS (CONTINUED)
DEDUCTIONS: RENOVATIONS AND REPAIRS (CONT'D) Mest Hall Health Cottage Hoe Management Hoase TOTAL RENOVATIONS AND REPAIRS
EQUIPMENT Lab School President's Hoae Administration Building TOTAL EQUIPMENT
IMPROVEMENTS OTHER THAN BUILDINGS Capas Beautification Extension of Water Main TOTAL IMPROVEMENTS OTHffi THAN BUILDINGS
TOTAL DEDUCTIONS
BALANCE JUNE 30, 1954

$ 5,307.52 536.02
10.157.90 S 34.593.00
$ 6,559.00 1,884.91
10.864.91 S 19.308.82
$ 465.69 2.081.92
S 2.547.61
Sl74.905.56
S 2.571.30

SUMMARY OF INVESTMENT IN PLANT As of June 30, 1954

VALUE OF PLANT JULY 1, 1953

$1,893,541.36

ADDITIONS DURING YEAR Expended fro Plant Funds Expended fro Educational and General and included in Current Expenditures Expended fro Auxiliary Funds and included in Current Expenditures Buildings and Contents Constructed by University Systen Building Authority TOTAL ADDITIONS DURING YEAR

$174,905.56 14,442.18 9,931.98
148.093.86

347-373.58

VALUE OF PLANT JULY 1, 1954 Plus Additions

$2,240,914.94

DEDUCTIONS DURING YEAR Buildings Tern Do Heating Plant Equipment Replaced TOTAL DEDUCTIONS

$ 5,000.00 10.178.50

15.178.50

TOTAL INVESTMENT IN PLANT JUNE 30, 1954 Deduct: Equity of University Syste Building Authority
NET INVESTMENT IN PLANT

$2,225,736.44 718.386.48
SI. 507.349.%

250

GEORGIA TEACHERS COLLEGE

STATEMENT OF INVESTMENT IN PLANT For Year Eaded June 30, 1954

Year Acquired

Investment Begiaaiag Of Year

Additiois

Deductions

A. LAND Campas Qff-Gampus TOTAL LAND

1907 1907

$ 29,774.00 $ 19.125.00
$ 48.899.00 $

BUILDINGS

Administration

1907

$ 121,737.23

Laboratory School & Annexl937-53

408,447.80

Business-Music Bldg.

1932-53

36,028.86

New Science Hall

1947

15,300.00

Old Science Hall

1936

11,099.90

Library

1937

41,085.00

East Hall

1907

60,752.69

Lewis Hall

1937

60,778.95

Sanford Hall

1937

80,000.00

West Hall

1907

56,003.45

Cone Ball

1954

306,848.60

Anderson Hall/Dining H. 1932

30,000.00

Gymnasium

1932

45,000.00

Industrial Arts

1948

36,022.50

Health Cottage

1936

5,000.00

Store-Post Office

1986

2 ,0 0 0 .0 0

warehouse

1935

2 ,0 00 .0 0

Mulberry (Heme Man.)

1934

3,400.00

Old President's Home

1935

6 ,0 00.00

Sycamore Cottage

1938

5,000.00

Paige House

1939

5,000.00

Pecan Cottage

1935

4,000.00

Physical Education(USBA) Under Constr.

The Oaks

1935

3,500.00

Veteran Apartment A.

1947

5,000.00

Veteran Apartment B.

1947

5,000.00

Yellow Cottage

1925

4,500.00

Watchman's Cottage

1938

3,500.00

Farm House

1934

4,500.00

Cooks House

1935

500.00

Burden Shanty

1935

500.00

Johnson Shanty

1935

300.00

Johnson Farm House

1944

3 ,0 00 .0 0

Johnson Feed Barn

1944

750.00

Farm House *1

1935

500.00

Farm House *2

1935

300.00

Pump House

1938

300.00

Reel House

1938

200.00

Heating Plant

1927

5,000.00

President's House

1954

103.75

Nursery School

1953

469.35

TOTAL BUILDINGS

$1.379.428.08

$ 44,000.00 1,147.31 626.28 1,079.83 1,276.03 5,864.67 2,510.11 4,362.20 5,307.52
45008.97 1,725.13 536.02
10,157.90
67,8%.%
44,666.46 29.789.67 $265.955.06

$ $ $
5,000.00 $ 5.000.00

larestment End of Year
$ 29r774.00 19.125.00
$ 48.899.00
$ 165,737.23 408,447.80 37,176.17 15,926.28 12,179.73 42,361.03 66,617.36 63,289.06 84,362.20 61,310.97 351,857.57 30,000.00 46,725.29 36,022.50 5,536.02 2 ,0 00.00 2 ,0 0 0 .0 0 13,557.90 6 ,0 00.00 5,000.00 5,000.00 4,000.00 67,8%.% 3,500.00 5,000.00 5,000.00 4,500.00 3,500.00 4,500.00 500.00 500.00 300.00 3,000.00 750.00 500.00 300.00 300.00 2 0 0 .0 0
44,770.21 30.259.02 $1.640.383.14

251

GEORGIA TEACHERS COLLEGE

STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Year Acquired

Investment Beginning Of Year

Additions

Deductions

C. IMPROVEMENTS OTHER

THAN BUILDINGS

Swimming Pool

1930

Deep Veil (Water System) 1938

Stadium

1950

Landscaping

Plans - New Gym

TOTAL IMPROVEMENTS

EQUIPMENT Administrative Offices Physical Plant Library Instructional Depts. Laboratory School (USBA) Dormitories Dormitories (USBA) Dining Hall Farm President's Home Store
TOTAL EQUIPMENT

INVESTMENT IN PLANT

$ 14,647.59 $

$

10,0 00.00

2,081.92

2,803.76

2,490.27

465.69

60.00

$ 30.001.62 $ 2.547.61 $

$ 15,303.71 $ 687.23 74,167.66 12,377.72

83,943.81

5,613.45

133,178.00

6,628.69

5,7%. 94 13^094.59

64,507.93

8,256.87

28,652.34

31,072.60

320.%

15,925.09

766.20

1,884.91

11.316.92

587.95

$ 435.212.66 $ 78.870.91

$ 3,000.00 100.00 6,378.50
700.00
$10,178.50

$1,893,541.36 $347,373.58 $15,178.50

Investment End of Year
$ 14,647.59 12,081.92 2,803.76 2,955.96 60.00
$ 32.549.23
$ 15,990.94 83,545.38 89,557.26
139,706.69 18,891.53 66,386.30 28,652.34 31,393.56 15,991.29 1,884.91 11.904.87
$ 503.905.07
$2,225,736.44

252

VALDOSTA STATE COLLEGE FINANCIAL REPORT
FOR THE TEAR ENDING JONE 30, 1954
Valdosta State College Valdosta, Georgia
253

VALDOSTA STATE COLLEGE

BALANCE SHEET June 30, 1954

I. CURRENT FUNDS A. GENERAL Cash ia Baak aad oa Hand Aecoaats Recelyable Board of Regents Veteraas Administration TOTAL GENERAL FUNDS
B. AUXILIARY Cash in Bank and on Hand Aecoaats Receivable Stores (Inventory) TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Cash in Bank
III. ENDOWMENT FUNDS Cash in Bank Notes Receivable Investments U. S. Bonds Coamon Stocks
TOTAL ENDOWMENT FUNDS
IV. STUDENT LOAN FUNDS Cash in Bank Stadent Notes Receivable Investments - U. S. Bonds

ASSETS

$ 10,976.77

$12,146.22 904.60

13.050.82 $ 24,027.59

$ 11,029.39 103.95
3.763.74

14.897.08 $ 38,924.67

$ 5,941.17

$ 2,354.11 165.00

$ 7,310.00 1.943.04

9.253.04

$ 5,341.75 2,928.00
_____ 1.017.50

11,772.15

TOTAL STUDENT LOAN FUNDS
V. PLANT FUNDS A. UNEXPENDED Cash in Bank
B. EXPENDED Land Bnildings Improvements Equipment TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL ASSETS

$ 9,287.25

$ 3,089.55

$ 257,500.00 1,583,986.95 71,500.00 308.571.77

$2.221.558.72

$2.224.648.27

$2.290.573.51

NOTE: Bnildings are valaed at cost. Based on aa appraisal made daring 1953-54, bnildings had a sound value of $2,167,300.

254

VALDOSTA STATE COLLEGE

BALANCE SHEET June 30, 1954

LIABILITIES

I. CURRENT FUNDS A. GENERAL Accounts Payable Unearned Income Unappropriated Surplus TOTAL GENERAL FUNDS

$ 5,126.00 6,535.70 12.365.89 $ 24,027.59

B. AUXILIARY Accounts Payable (Sales Tax) Reserve for Stores Unearned Income Unappropriated Surplus TOTAL AUXILIARY FUNDS

$

31.85

3,763.74

1,636.80

9.464.69

14.897.08

TOTAL CURRENT FUNDS

$ 38,924.67

II. AGENCY FUNDS Fund Balance

5,941.17

III. ENDOWENT FUNDS Fund Balance

11,772.15

IV. STUDENT LOAN FUNDS Fund Balance

9,287.25

V. P U N T FUNDS A. UNEXPENDED Fund Balance

$ 3,089.55

B. EXPENDED

Equity of University System Building Authority $234,928.79

Net Investment in Plant

1.986 29.93

2.221.558.72

TOTAL P U N T FUNDS

$2.224.648.27

TOTAL LIABILITIES,

$2.290.573.51

255

VALDOSTA STATE COLLEGE

STATEMENT OF CURRENT INCOME For Year Ended Jane 30, 1954

A. EDUCATIONAL AND GENERAL STUDENT FEES Matriculation Non-Resident Tuition Health Service S u m e r School Other Student Fees TOTAL STUDENT FEES

$ 41,100.01 3,993.88 4,226.40 8,899.50 2.706.30

$ 60,926.09

PUBLIC APPROPRIATIONS State of Georgia Less Amount Unpaid at end of Yr. Plus Amount Payable at Beginning of Year

$191,275.00 12.146.22

$179,128.78 7.476.13

186,604.91

OTHER SOURCES

500.00

TOTAL EDUCATIONAL AND GENERAL INCOME

$248,031.00

B. AUXILIARY ENTERPRISES DINING HALL

$ 55,377.77

DORMITORIES Ashley Hall Converse Hall Senior Hall TOTAL DORMITORIES

$ 4,710.00 6,856.50 3.070.00

$ 14,636.50

BOOKSTORE

11,451.39

LAUNDRY

3.903.50

TOTAL AUXILIARY ENTERPRISES INCOME

$ 85.369.16

TOTAL CURRENT INCOME

$333.400.16

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

Total

Salaries & Wacres

Object Classification

Operating

Supplies

& Expense

Ecruipment

EDUCATIONAL AND GENERAL ADMINISTRATIVE AND GENERAL
President's Office Comptroller's Office Registrar's Office Publicity Department General Expenses
TOTAL ADM. & GENERAL

$ 14,814.79 14,391.64 6,328.34 3,163.24 6.416.74
$ 45.111.75

$ 13,915.00 12,761.73 5,682.77 2,274.10
$ 34.633.60

$ 804.30 696.49 474.80 889.14
6.416.74 $ 9.281.47

$ 95.49 933.42 167.77
$ 1.196.68

256

VALDOSTA STATE COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Total

Salaries & Wages

Object Classification

Operating

Supplies

& Expense

Eauipment

EDUCATIONAL AND GENERAL STUDENT WELFARE
Dean of Men Dean of Women Student Hospital
TOTAL STUDENT WELFARE
PLANT OPERATIONS
LIBRARY
INSTRUCTION Academic Dean Art Biology Chemistry Education English Home Economics Mathematics and Physics Modern Foreign Languages Music Physical Education Secretarial Science Sociology and History Speech Summer School TOTAL INSTRUCTION
TOTAL EDUCATIONAL AND GEN. EXPEND.
AUXILIARY ENTERPRISES DORMITORIES
Ashley Hall Converse Hall Senior Hall
TOTAL DORMITORIES
BOOKSTORE
DINING HALL
LAUNDRY
SOCIAL SECURITY
TOTAL CURRENT AUXILIARY
EXPEND. FROM SURPLUS

$ 200.00 $ 200.00 $

3,435.43

3,062.20

373.23

5.116.28

4.848.12

268.16

$ 8.751.71 $ 8.110.32 $ 641.39

$ 58.320.16 $ 21.791.43 $27,962.76

$ 12.900.35 $ 8.700.83 $ 90.50

$
$ $ 8.565.97 $ 4.109.02

$ 300.00 5,295.98 8,950.16 5,624.30
12,527.52 9,927.34 4,424.35 9,531.16 5,198.30 9,102.72 19,876.37 5,601.34 18,862.91 4),379.90 10.880.00 $130,482.35

$ 300.00 5,025.40 8,447.00 5,335.00
12,390.50 9,800.00 3,952.60 9,327.00 5,100.00 8,670.20
19,126.20 5,200.00
18,802.20 4,212.40
10.880.00 $126,568.50

$ 270.58 413.16 208.60 137.02 56.60 345.18 140.16 98.30 432.52 481.17 212.57 60.71 10.00
$ 2.866.57

$255,566.32 $199,804.68 $40,842.69

$ 90.00 80.70
70.74 126.57 64.00
269.00 188.77
157.50
$ 1.047.28
$14,918.95

$ 7,507.49 10,595.66 4.041.81
$ 22.144.96

$ 3,235.84 6,054.32 748.00
$ 10.038.16

$ 4,245.75 4,422.06 3.245.81
$111913.62

$ 10.830.26 $ 361.80 $10,468.46

$ 51.698.86 $ 18.762.86 $32,859.50

$ 1.781.49 $ 124.50 $ 1.656.99

$ 245.29 $ 245.29

$ 86.700.86 $ 29.S32.61 $56,898.57

$ 5.279.07 $

$ 1.070.90

$ 25.90 119.28 48.00
$ 193.18 $ $ 76.50 $
$ 269.68 $ 4.208.17

257

VALDOSTA STATE COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Total

Salaries & Wages

Object Classification

Operating

Supplies

& Expense

EauiP*ent

B. AUXILIARY (CONT'D) TRANSFERS TO: Plant Funds TOTAL AUXILIARY DISBURSEMENTS TOTAL CURRENT EXPENDITURES

$ 5.000.00 $ 96.979.93 $347,546.25 $229,337.29 $98,812.16

$19.3%.80

STATEMENT OF TRUST FUND BALANCES For Year Ended Jane 30, 1954

Endowment Funds

Loan Funds

BALANCE CF PRINCIPAL, JULY 1, 1953

$ 9.401.42 $10,650.22

ADDITIONS: Income on Investments and Interest Transfer of Chapel Fund from Agency Funds TOTAL ADDITIONS

$ 311.37 $ 64.30 2.059.36
$ 2.370.73 $ 64.30

DEDUCTIONS": Payment on Contract
BALANCE OF PRINCIPAL, JUNE 30, 1954

$11,772.15

$ 1.427.27 $ 9.287.25

STATEMENT OF TRUST FUND BALANCES BY FUNDS For Year Ended June 30, 1954

ENDOWMENT FUNDS Chapel Fund Claude Davis Ingram S.M.A. Hutchinson Memorial TOTAL ENDOWMENT FUNDS

Balance Beginning Of Year

Additions

$ 7,219.17
2.182.25 $ 9.401.42

$ 2,059.36 154.62 156.75
$ 2.370.73

Deductions $ $

Balance End Of Year
$ 2,059.36 7,373.79 2.339.00
$11,772.15

LOAN FUNDS Senior Honor Society War Bond Scholarship September 14th Fund Kate Bentley Girl's Fund Archie Griffin U.D.C. (Brooks County)

$ 1,392.83 $ 3,483.00 3,703.39 72.60 150.04 240.00 500.00

42.85 21.45

$ 1,427.27

$ 1,392.83 3,525.85 2,297.57 72.60 150.04 240.00 500.00

258

VALDOSTA STATE COLLEGE STATEMENT OF TROST FOND BALANCES BY FONDS (CONTINOED)

LOAN FONDS (Cont'd) Class of 1922 Louise Sawyer Anne Singletary Jewel Whitehead K. F. Lumpkin W. R. Dewberry TOTAL LOAN FONDS
TOTAL TROST FONDS

Balance Beginning Of Year

Additions

$ 118.36 $ 75.00 15.00
500.00 100.00 300.00 $10.650.22 $ 64.30
$20.051.64 $2.435.03

STATEMENT OF TROST FOND INVESTMENTS For Year Ended June 30, 1954

Deductions

Balance End Of Year

$ $ 1.427.27

$ 118.36 75.00 15.00
500.00 100.00 300.00 $ 9.287.25

$ 1.427.27 $21.059.40

ENDOWMENT FUNDS GOVERNMENT BONDS U. S. Treasury U. S. Treasury U. S. Treasury, Series G U. S. Treasury, Series G U. S. Treasury, Series G TOTAL GOVERNMENT BONDS
COMMON STOCK Illinois Central Railroad - 66 shares, no par value
CHAPEL FUND UNITED STATES SAVINGS BONDS, Series F. C 1309140 F C 1309141 F C 1309142 F C 1309143 F C 1309144 F D 383863 F D 383862 F TOTAL U. S. SAVINGS BOND, Series F
TOTAL ENDOWMENT FUND INVESTMENTS
LOAN FONDS GOVERNMENT BONDS . S.Treasury, Series F . S.Treasury, Series F 0. S.Treasury, Series F 0. S.Treasury, Series F 0. S.Treasury, Series F 0. S.Treasury, Series F 0. S.Treasury, Series F 0. S.Treasury, Series F 0. S.Treasury, Series F TOTAL LOAN FOND INVESTMENTS TOTAL TROST FOND INVESTMENTS 259

Rate of Interest

Date of Maturity

Book Value

2.75 2.75 2.5 2.5 2.5

9-15-59 12-15-65 871-53 8-1-62 11-1-62

$ 1,800.00 1,500.00 400.00 1,500.00 1. 000.00
$ 6 .2 00.00

$ 1.943.04

2.53 2.53 2.53 2.53 2.53 2.53 2.53

Jan. 1957 Jan. 1957 Jan. 1957 Jan. 1957 Jan. 1957 Jan. 1957 Jan. 1957

$ 74.00 74.00 74.00 74.00 74.00
370.00 370.00 $ 1.110.00

$ 9.253.04

2.53 2.53 2.53 2.53 2.53 2.53 2.53 2.53 2.53

3-1-55 5-1-55 10-1-55 11-1-55 1-1-56 2-1-56 4-1-56 3-1-57 10-1-57

$ 553 0 74.00
148.00 296.00
74.00 74.00 148.00 74.00 74.00
$ 1.017.50 $10.270.54

CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS
AGENCY FUNDS
P U N T FUNDS
TRUST FUNDS Endowment Loan TOTAL TRUST FUNDS
TOTALS

VALDOSTA STATE COLLEGE

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

Cash Balance Recei pts July is 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

$18,512.09 22.640.16
$41,152.25
$ 7.090.25
$29,971.68

$248,031.00 85.369.16
$333,400.16
$ 86.829.86
$ 30.940.00

$255,566.32 96.979.93
$352,546.25
$ 87.978.94
$ 57.822.13

$10,976.77 11.029.39
$22,006.16
$ 5.941.17
$ 3.089.55

$ 1,258.38 6.451.22
$ 7.709.60
$85,923.78

$ 1,260.73 1.192.80
$ 2.453.53
$453,623.55

$ 165.00 2.302.27
$ 2.467.27
$500,814.59

$ 2,354.11 5.341.75
$ 7.695.86
$38,732.74

Student Activities Chapel Fund Y.W.C.A. Student Bank
TOTAL

STATEMENT OF AGENCY FUNDS Year Ended June 30, 1954

Balance July 1. 1953
$5,702.75 949.36 438.14
$7,090.25

Receipts $65,562.30
21.267.56 $86,829.86

Balance Disbursements June 30. 1954

$66,774.14 949.36
20.255.44 $87,978.94

$4,490.91
1.450.26 $5,941.17

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954
BALANCE BEGINNING OF YEAR
ADDITIONS: Transfer from Auxiliary (Converse Hall) Governmental - State of Georgia TOTAL ADDITIONS
DEDUCTIONS: REPAIRS AND IMPROVEMENTS West Hall (Painting and Fire Walls) Converse Hall (Rewiring, Painting, Stairs, Fire Safety) Ashley Hall (New tile showers) North Campus - Jere Pound Hall North Campus - Barrow Hall President's Home - Renovations TOTAL REPAIRS AND IMPROVEMENTS TOTAL DEDUCTIONS
BALANCE END OF YEAR

Funds For Plant
Additions $29,971.68
$ 5,000.00 25.940.00 $30,940.00

$ 3,338.33 22,958.66 600.00 25,150.59 1,275.00 4.499.55
$57,822.13

$57.822.13

$ 3.089.55

260

VALDOSTA STATE COLLEGE

VALUE OF PLANT JULY 1, 1953

SUMMARY OF INVESTMENT IN PLANT For Year Ended June 30, 1954

ADDITIONS DURING YEAR Expended from Educational and General Funds and included in current expenditures Expended from Auxiliary and included in current expenditures Emended from Student Activity Funds Expended from Plant Funds Buildings constructed by University System Bldg. Authority Adjustments for Prior Years

TOTAL ADDITIONS

VALUE OF PLANT, JUNE 30, 1954

LESS: Equity of University System Building Authority

NET INVESTMENT IN P U N T JUNE 30, 1954

$1,879,842.67
$ 14,918.95 4,477.85 800.00
57,822.13 243,697.12
20.000.00
$ 341.716.05 $2,221,558.72
234.928.79 $1.986.6)29.93

STATEMENT OF INVESTMENT IN P U N T For Year Ended June 30, 1954

UND Main Campus, 60 Acres North Campus, 43 acres
TOTAL U N D
BUILDINGS MAIN CAMPUS
Library West Hall Gymnas iua Kitchen Annex Converse Hall Ashley Hall Senior Hall Bath House Log Cabin Boiler House President's Home Garages and Workshops Dining Hall (Bldg. Auth.) Physical Education (Bldg. Auth.)
TOTAL MAIN CAMPUS
NORTH CAMPUS Jere M. Pound Hall David Barrow Hall Old Brick Dormitory

Investment Beginning Of Year

Additions

$ 150,000.00 $ 107.500.00
257.500.00 $

Investment End Deductions Of Year

$

$ 150,000.00

107.500.00

$

$ 257.500.00

$ 60,000.00 $

$

173,000.00 3,338.33

5,000.00

9,217.70

131,000.00 22,958.66

107,800.00

600.00

61,300.00

23,000.00

8 ,0 00.00

20,0 00.00

36,000.00 4,499.55

1,150.00

9,676.53

234.020.59

i _ 635.467.70 $275,093.66 $

$ 350,000.00 $ 25,150.59 $ 150,000.00 1,275.00 100,0 00 .0 0

$ 60,000.00 176,338.33 5,000.00 9,217.70 153,958.66 108,400.00 61,300.00 23,000.00 8 ,0 0 0 .0 0 20,0 00 .0 0 40,499.55 1,150.00 9,676.53 234.020.59
$ 910.561.36
$ 375,150.59 151,275.00 100,0 00 .0 0

261

VALDOSTA STATE COLLEGE

STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

BUILDINGS (Cont'd) NORTH CAMPUS
Swamp-Inn Swimming Pool Gymnas ium
TOTAL NORTH CAMPUS

Investment Beginning Of Year

Additions

Investment End Deductions Of Year

$ 10,0 00 .0 0 $

$

25.000. 00

1 2 .0 0 0 .00

$ 647.000.00 $ 26.425.59 $

$ 10,000.00 25.000. 00 1 2 .0 0 0 .00
$ 673.425.59

TOTAL BUILDINGS

$1,282,467.70 $301,519.25 $

$1,583,986.95

IMPROVEMENTS OTHER THAN BUILDINGS Street and Walks Heating System Camelia Trail Amphitheatre Landscaping Swimming Pool TOTAL IMPROVEMENTS OTHER THAN BUILDINGS

$ 15.000. 00 $

$

2 0 .0 0 0 .00

12,0 00 .0 0

3,000.00

1,500.00

2 0 .0 00 .0 0

$ SI.500.00 $ 20.0 00.00 $

$ 15.000. 00 2 0 .0 0 0 .00 12,0 00 .0 0 3,000.00 1,500.00 20.0 00.00
$ 71.500.00

D. EQUIPMENT MAIN CAMPUS Administrative Offices Physical Plant Library Instructional Student Activities Dormitories Dining Hall and Kitchen Heating NORTH CAMPUS Administrative General Equipment Plant Operations Library Gymnas ium Swimming Pool Instructional Kitchen & Dining Hall Old Dormitory Swamp Inn David Barrow Hall TOTAL EQUIPMENT

$ 11,478.31 $ 1,196.68 $

$ 12,674.99

14,793.81

9,865.97

24,659.78

82,913.71

5,999.02

88,912.73

52,918.45

812.58 28,100.74

25,630.29

2,347.10

800.00

3,147.10

43,722.87

4,401.35

48,124.22

18,995.71

76.50

19,072.21

21,400.00

21,400.00

1,705.00

1,705.00

3,537.00

3,537.00

1,300.00

1 ,3 0 0 .0 0

1,890.00

1,890.00

125.00

125.00

2 0 0 .0 0

200.00

15,167.01 28,335.44

43,502.45

6,293.00

6,293.00

1,429.00

1,429.00

401.00

401.00

7.758.00

7.758.00

$ 288,374.97 $ 51.487.54 $31,290.74 $ 308.571.77

TOTAL INVESTMENT IN P U N T

$1,879,842.67 $373,006.79 $31,290.74 $2,221,558.72

262

GEORGIA

SOUTHWESTERN FINANCIAL REPORT

COLLEGE

FOR THE YEAR ENDING JUNE 30, 1954

Georgia Southwestern College Americus, Georgia
263

GEORGIA SOUTHWESTERN COLLEGE

BALANCE SHEET JUNE 30, 1954

I. CURRENT FUNDS A. GENERAL Cash in Bank Imprest Cash Accounts Receivable TOTAL GENERAL FUNDS

ASSETS

B. AUXILIARY Cash in Bank Accounts Receivable Dining Hall Inventory Campus Store Inventory TOTAL AUXILIARY FUNDS

TOTAL CURRENT FUNDS

II. AGENCY FUNDS Cash in Bank

III.

STUDENT LOAN FUNDS Cash in Bank Investments (Bonds) Notes Receivable (Students)
TOTAL STUDENT LOAN FUNDS

IV. PLANT FUNDS A. UNEXPENDED Cash in Bank

B. EXPENDED Land Buildings Improvement Other than Building Equipment TOTAL EXPENDED

TOTAL PLANT FUNDS

TOTAL ASSETS

$ 1,285.72 300.00
7.519.29

$ 9,105.01

$ 16,604.37 1,247.46 2,245.79 5.720.86

$ 25.818.48

$ 34,923.49

$ 3,347.40

$ 1,788.13 37,000.00 21.335.44

$ 60,123.57

$ 118.57

$ 5,580.00 582,334.80 57,447.47 142.181.43

$787.543.70

$787.662.27

$886.056.73

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $990,000.

264

GEORGIA SOUTHWESTERN COLLEGE
BALANCE SHEET JUNE 30, 1954

LIABILITIES
I. CURRENT FUNDS A. GENERAL Accounts Payable Reserve for Purchase Orders Outstanding Unearned Income - Summer School Unappropriated Surplus TOTAL GENERAL FUNDS
B. AUXILIARY Accounts Payable Reserve for Purchase Orders Outstanding Reserve for Inventory Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Fund Balance
III. STUDENT LOAN FUNDS Fund Balance
IV. PLANT FUNDS A. UNEXPENDED Fund Balance
B. EXPENDED Equity of University System Building Auth. Net Investment in Plant TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL LIABILITIES AND SURPLUS

$ 802.97
181.47
886.00
7.234.57

$ 9,105.01

$ 2,141.29 1,473.79 7,966.65
14.236.75

$ 25.818.48

$ 34,923.49

$ 3,347.40

$ 60,123.57

$ 118.57

$151,125.18 636.418.52

$787.543.70

$787.662,27

$886.056.73

265

GEORGIA SOUTHWESTERN COLLEGE
STATEMENT OF CURRENT INCOME For Year Ended June 30y 1954
A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matriculation Summer Session Health Service Miscellaneous Student Fees TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia - Regular Operations Balance from 1952-53 Less: Unpaid Balance TOTAL PUBLIC APPROPRIATIONS
OTHER SOURCES Property Rent
TOTAL EDUCATIONAL AND GENERAL RECEIPTS
B. AUXILIARY ENTERPRISES Dormitories Sanford Hall Terrell Hall Collum Hall Campus Store Dining Hall Apartments TOTAL AUXILIARY INCOME
TOTAL CURRENT INCOME
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

$ 296,70 27,680.80 886.00 2,736.60 846.00
$ 32.446.10
$ 86,400.00 7,870.94
(-17.341.29 $ 86.929.65
$ 500.00
$119.875.75

$8,059.75 5,328.66 8.477.83

$ 21,866.24 19,960.05 66,434.57 1.599.92
109.860.78
$229.736.53

A. EDUCATIONAL AND GENERAL ADMINISTRATIVE AND GENERAL President's Office Comptroller's Office General Administrative Record's Office TOTAL ADMINISTRATIVE & GENERAL
STUDENT WELFARE

Fund Total

Salaries and
Wages

Object Classification Operating Supplies & Expenses Equipment

$10,447.16 6,538.40 6,383.08 6.608.71
2>29.977.5
$ 3.472.69

$ 9,571.63 6,349.50 815.00 5.617.13
$22.353.26
$ 3.346.51

$ 875.53 $ 188.90
5,568o08 469.98
$ 7.10^.49 " 1

521.60 521.60

$ 126.18

_____________

266

GEORGIA SOUTHWESTERN COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

EDUCATIONAL AND GENERAL (CONTINUED) PLANT OPERATIONS
LIBRARY
INSTRUCTION Business Education General Education Natural Science Physical Education TOTAL INSTRUCTION
TOTAL EDUC. & GEN. EXPEN.
AUXILIARY ENTERPRISES Auxiliary Surplus Dormitories
Sanford Hall Terrell Hall Collum Hall
TOTAL DORMITORIES Dining Hall Apartments Campus Store
TOTAL AUXILIARY ENPENDITURES
TOTAL CURRENT EXPENDITURES

Fund Total

Object Classification

Salaries

Operating

and

Supplies

Wages

& Expense Equipment

$ 21.699.95 $ 11.872.85 $ 9.485.53 $ $ 4.932.20 $ 3.831.50 $ 219.23 $

341.57 881.47

$ 8,575.61 $ 8,300.00 $ 27,650.91 24,500.00

19,674.06 13,497.25

5.515.28

5.200.00

$ 61.415.86 $ 51.497.25 $

75.61 $ 1,675.01 1,587.84
315.28 3.653.74 $

200.00 1,475.90 4,588.97
6.264.87

$121.498.05 $ 92.901.37 $ 20.587.17 $ 8.009.51

$ 6,770.70 $ 1,216.75 $ 4,729.73 $ 824.22

9,286.60

5,477.87

3,668.53

140.20

4.993.70

2 ,120.21

2,736.89

136.60

7.899.73

4.498.99

3.230.49

170.25

$ 22.180.03 $ 12.097.07 $ 9.635.91 $ 447.05

$ 52,167.46 $ 18,053.90 $ 33,500.82 $ 612.74

2,372.16

960.81

1,411.35

20.035.59

2.226.33

17.504.92

304.34

$103.525.94 $ 34.554.86 $ 66.782.73 $ 2.188.35

$225.023.99 $127.456.23 $ 87.369.90 $ 10.197.86

STATEMENT OF TRUST FUND BALANCES For Year Ended June 30, 1954
BALANCE OF PRINCIPAL, BEGINNING OF YEAR
ADDITIONS DURING YEAR Income on Investments Interest on Student Loans Donation from Rotary Club TOTAL ADDITIONS
BALANCE OF PRINCIPAL, END OF YEAR

$ 59,051.23

$ 821.12 151.22 100.00

1.072.34 $ 60.123.57

267

GEORGIA SOUTHWESTERN COLLEGE
STATEMENT OF TRUST FUND INVESTMENTS For Year Ended June 30, 1954

U. S. TREASURY BONDS Series G
MUNICIPAL BONDS Woodville, Ga. School District McIntyre, Ga. School District City of Atlanta, Georgia Clayton County Georgia TOTAL INVESTMENTS
STUDENT LOANS
TOTAL INVESTMENTS

Rate of Interest
2y&
m>
6% 2-1/8% 5%

Maturity Date

Book Value

5-1-61

$33,000.00

11-15-54-55 1-1-57 9-1-57 1-1-56

1,0 00 .0 0 1,0 0 0 .0 0
1,000.00 1.000.00
$37.000.00

$21.335.44

$91.335.44

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

Current Funds Educational and General Auxiliary Enterprises TOTAL CURRENT FUNDS
Agency Funds Plant Funds Student Loan Funds
TOTAL
Bank of Commerce Citizens Bank of Americus Cash on Hand
TOTAL

Balance

Receipts

July 1. 1953 For Year

Disbursements Balance

For Year

June 30. 1954

$ 3,208.02 10.269.53
$ 13.477.55 $ 3,822.35
1,530.12 3.080.34
$ 21.910.36

$119,875.75 109.860.78
$229.736.53 $ 15,690.43
8,150.00 12.966.76
3266.543.72

$121,498.05 103.525.94
$225.023.99 $ 16,165.38
9,561.55 14.258.97
$265.009.89

$ 1,585.72 16.604.37
$ 18.190.09 $ 3,347.40
118.57 1.788.13
$ 23.444.19

BANK BALANCES

$18,392.50 4,751.69 300.00
$23.444.19

268

Application Deposits Gales Deposits Personal Deposits (Clubs Student Activities Admission Tax Group Insurance Social Security
TOTAL

GEORGIA SOUTHWESTERN COLLEGE
STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Balance Beginning of Year
$1,295.92 1,099.66 944.04 229.56
253.17
$3.822.35

Receipts

Disbursements

Balance End of Year

$ 3,055.00 1,613.50 2,9%. 39 4,287.93 134.16 2 ,8 6 6 .6 8 736.77
$15.690.43

$ 2,047.39 2,742.23 2,993.66 4,391.32 134.16 3,119.85 736.77
$16.165.38

$ 2,303.53 (->29.07 946.77 126.17
$ 3.347.40

STATEMENT OF UNEXPENDED P U N T FUNDS For Year Ended June 30, 1954
BALANCE BEGINNING OF YEAR

ADDITIONS: APPROPRIATIONS TOTAL

BOARD OF REGENTS

DEDUCTIONS: EXPENDED FOR ADDITIONS TO BUILDINGS: Sanford Hall Morgan Hall Terrell Hall Wheatley Hall Gymnasium Administration Building TOTAL ADDITIONS TO BUILDINGS

EXPENDED FOR IMPROVEMENTS OTHER THAN BUILDINGS: Landscaping
TOTAL DEDUCTIONS

BALANCE END OF YEAR

SUMMARY OF INVESTMENT IN P U N T As of June 30, 1954

VALUE OF PUNT, JULY 1, 1954

ADDITIONS DURING YEAR: Expended from Plant Funds Expended from Current Funds and included in Current Expenditures Expended from Auxiliary Funds and included in Current Expenditures Contents Purchased by University System Building Authority

$ 1,530.12
8.150.00 $ 9.680.12

$ 1,737.53 1,737.53 3,169.90 1,087.53 956.64 754.02
$ 9,443.15

118.40

$ 9.561.55 $ ..UiLilZ

$765,681.31

$ 9,561.55
8,009.51
2,188.35 945.41

20,704.82

269

GEORGIA SOUTHWESTERN COLLEGE
SUMMARY OF INVESTMENT IN P U N T (CONTINUED)
ADJUSTMENTS Gifts of Books Rent Paid on Campus Store Equipment Transfer from Student Welfare to Administrative Offices Transfer from Dormitories to Apartments Labor and Materials rebuilding Dining Hall Tables - Capitalized Labor and Materials making Mattress Covers for Dormitories - Capitalized TOTAL ADJUSTMENTS
TOTAL ADDITIONS
VALUE OF P U N T JULY 1, 1953 plus additions
DEDUCTIONS DURING YEAR Transfer from Student Welfare Department to Administrative Offices Transfer from Dormitories to Apartments Instructional Equipment worn out and discarded
VALUE OF PLANT JUNE 30, 1954
DEDUCT: Equity of University System Building Authority
NET INVESTMENT IN P U N T

$368.00 400.00 240.95 307.% 374.% 398.80
$240.95 307.% 384.19

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

$ 2.090.67 $ 22.795.49 $788.476.80
$ 933.10 $787,543.70 $151.125.18 $636.418.52

A. LAND
B. BUILDINGS Administrative Shop Gymnasium Duplex Apartments President's Home Barn Morgan Hall Sanford Hall Terrell Hall Collum Hall (Building Authority) Wheatley Hall Campus Farm House Negro House Fuel House Chapel TOTAL BUILDINGS

Investment Beginning of Year
$ 5.580.00

Additions

Deductions

Investment End of Year

$

$

$ 5.580.00

$102,957.99 26,171.31 70,256.86 7,000.00 12,500.00 2,300.00 35,490.53 73,579.01 34,560.25
152,479.36 48,416.34
3 r500.00 380.00 300.00
3.000.00 572.891.65

$ 754.02 $ 956.64
1,737.53 1,737.53 3,169.90 1,087.53
$9.443.15 i

$103,712.01 26,171.31 71,213.50 7,000.00 12,500.00 2,300.00 37,228.06 75,316.54 37,730.15
152,479.36 49,503.87
3,500.00 380.00 300.00
3.000.00 $582.334.80

270

GEORGIA SOUTHWESTERN COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

c . IMPROVEMENTS Streets, Sidewalks and Landscaping Water and Lights Sewage Disposal System Program, Fire Signal Garbage and Waste Disposal Lake Tennis Courts TOTAL IMPROVEMENTS
D. EQUIPMENT Administrative Offices Student Welfare Physical Plant Library Instruction Division Dormitories Dormitories (Building Authority) Food Service Campus Store Apartments TOTAL EQUIPMENT
TOTAL INVESTED IN PLANT

Investment Beginning of Year

Additions

Deductions

Investment End of Year

$ 41,328.86 $ 118.40 3,061.10 7,500.00 1,500.00 250.00 573.15 3.115.96
$ 57.329.07 $ 118.40

$ 41,447.26 3,061.10 7,500.00 1,500.00 250.00 573.15 3.115.96
$ 57.447.47

$ 8,442.47 2,414.32
27,855.16 25,151.15 23,894.40 11,158.24 14,492.10 13,160.64
2,044.01 1.268.10 $129.880.59

$ 1,0 1 2 .6 8
371.73 1,249.47 6,264.87
852.85 945.47 1,104.42 901.51 531.00 $13.233.94

$765.681.31 $22.795.49

$ 240.95
384.19 307.96
$ 933.1 0 $ 933.10

$ 9,455.15 2,173.37
28,226.89 26,400.62 29,775.08 11,703.13 15,437.51 14,265.06
2,945.52 1.799.10 $142.181.43
$787.543.70

271

WEST

GEORGIA COLLEGE FINANCIAL REPORT

FOR THE YEAR ENDING JUNE 30, 1954

West Georgia College Carrollton, Georgia

273

WEST GEORGIA COLLEGE

BALANCE SHEET JNE 30, 1954

ASSETS

I. CURRENT FUNDS

A. GENERAL

Cash in Bank

$ 26,079.17

Accounts Receivable

Board of Regents

$ 17,151.76

Veterans Administration 503.02

Students

295.00

Other TOTAL GENERAL FUNDS

47.95

17.997.73 $ 44,076.90

B. AUXILIARY

Cash in Bank

Accounts Receivable

Veterans Administra. $

20.55

Students

1,147.27

Other

300.00

Bookstore Investories

TOTAL AUXILIARY FUNDS

$ 32,410.12
1,467.82 2.126.89

36.004.83

TOTAL CURRENT FUNDS

II. AGENCY FUNDS Cash on Hand Cash in Bank TOTAL AGENCY FUNDS
III..PLANT FUNDS A. UNEXPENDED Cash in Bank
B. EXPENDED Land Buildings Improvements Other than Buildings Equipment TOTAL EXPENDED
TOTAL PLANT FUNDS

$ 1,221.14 4.405.52

$ 4,315.26

$ 27,500.00 839,282.30 96,050.30 219.920.06

1.182.752.66

TOTAL ASSETS

$ 80,081.73 5,626.66
$1.187.067.92 $1.272.776.31

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $1,247,500.

WEST GEORGIA COLLEGE
BALANCE SHEET JUNE 30, 1954
LIABILITIES

CURRENT FUNDS A. GENERAL
Accounts Payable Purchase Orders Outstanding Reserve for Restricted Funds Unearned Income Unappropriated Surplus
TOTAL GENERAL FUNDS
B. AUXILIARY Accounts Payable Purchase Orders Outstanding Unearned Income Reserve for Stores Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Fund Balance TOTAL AGENCY FUNDS
III. PLANT FUNDS A. UNEXPENDED Fund Balance
B. EXPENDED Equity of Univ. System Bldg. Auth. Investment in Plant TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL LIABILITIES AND SURPLUS

$ 279.26 134.72
20,380.59 3,205.15
20.077.18

$ 44,076.90

$ 2,570.19 914.70 832.00
2,126.89 29.561.05

36.004.83 $ 80,081.73

$ 5,626.66 $ 5,626.66

$ 4,315.26

$316,858.06 865.894.60

$1.182.752.66

$1.187.067.92

$1.272.776.31

275

WEST GEORGIA COLLEGE
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matriculation Fee Health Fee Summer School Other Fees TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia - Regular Operations Add: Amount Payable Beginning of Year Deduct: Amount Unpaid at End of Year Vocational Funds TOTAL PUBLIC APPROPRIATIONS
GIFTS AND GRANTS Ford Foundation
OTHER SOURCES Property Rentals
TOTAL EDUCATIONAL AND GENERAL INCOME
B. AUXILIARY ENTERPRISES BOOKSTORE
DINING HALL
DORMITORIES Adamson Aycock Melson Mandeville TOTAL DORMITORIES
FARM
MISCELLANEOUS Sale of Shop Equipment
TOTAL AUXILIARY INCOME
TRANSFER FROM: Plant Funds
TOTAL AUXILIARY RECEIPTS
TOTAL CURRENT INCOME

$ 1,218.71 25,160.26 2,490.00 3,908.75 1.388.28
$ 34,166.00

$121,920.00 28,966.56
(->17.151.76

133,734.80 1.057.21
$ 134,792.01

21,225.00

2.781.83 $192.964.84

$ 12.169.37 $ 61.049.68

$ 4,919.40 8,182.34 1,501.87 5.206.06
$ 19,809.67
$ 5.612.12

$ 5.708.00 $104,348.84

7.500.00 $111.848.84 $297,313.68

276

WEST GEORGIA COLLEGE
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

Total

Salaries & Wages

Object Classification

Operating

Supplies

& Expense

Equipment

EDUCATIONAL AND GENERAL ADMINISTRATIVE AND GENERAL
Business Office General President's Office Registrar's Office
TOTAL ADMN. &. GENERAL
STUDENT WELFARE Dean of Women
PLANT OPERATIONS
LIBRARY
INSTRUCTION Art Biology Chemistry Commerce Dean Drawing & Engineering Economics Education English Foreign Languages Home Economics History Humanities Mathematics Music Physical Education - Men Physical Education - Women Political Science Physics Sociology Summer School Teacher Training TOTAL INSTRUCTION
EXTENSION
TOTAL EDUCATIONAL AND GEN. EXPEND.

$ 9,073.19 7,369.66 8,544.76 3.131.95
$ 28.119.56
$ 1.869.%
$ 33.807.63
$ 6.429.31
$ 2,794.13 3,925.32 5,189.66 7,817.33 4,187.69 961.92 1,599.% 7,826.97 8,397.45 3,524.04 3,403.61 4,807.72 3,500.04 3,535.74 2,079.07 2,752.31 4,233.31 1,410.04 3,064.63 1,449.% 5,351.00
10.098.95 $ 91.910.85
$ 1.814.85
$163,952.16

$ 8,421.66 1,651.84 7,501.63 2.538.00
$ 20.113.13
$ 1.661.00
$ 17.850.35
$ 4.366.80
$ 2,400.00 3,572.04 4,658.04 6,708.00 3,471.04 900.00 1,449.% 6,657.16 7,409.46 3,500.04 3,200.04 4,599.% 3,500.04 3,500.04 1,928.11 1,863.04 3,484.90 1,400.04 2,204.04 1,449.% 5,351.00 9.549.14
$ 82.756.05
$ 521.67
$127,269.00

$ 592.43 5,717.82 639.63 593.95
$ 7.543.83
$ 208.%
$14.989.16
$ 2.062.51
$ 382.38 353.28 531.62 676.83 544.15 61.92 50.00
1,069.81 585.91 24.00 41.75 107.76
35.70 42.03 889.27 678.41 10.00 688.59
. 449.81 $ 7.173.22
$ 1.293.18
$33,270.86

$ 59.10 403.50
$ 462.60
$ 968.12 $
$ 11.75
432.50 172.50 100.00 100.00 452.08 161.82 100.00
108,93 70.00
172.00
100.00 $ 1.981.58 $ $ 3.412.30

TRANSFER TO: Plant Funds
TOTAL EDC. & GEN. DISBURS.

$ 14.700.00 $178.652.16

277

WEST GEORGIA COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

B. AUXILIARY ENTERPRISES BOOKSTORE
DINING HALL
DORMITORIES Adamson Aycock Mandeville Melson TOTAL DORMITORIES
SHOPS
FARM
TOTAL AUXILIARY EXPEND.
TRANSFER TO: Plant Funds
TOTAL AUXILIARY DISBURSEMENTS
TOTAL CURRENT EXPENDITURES
TOTAL DISBURSEMENTS

Total

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense

Equipment

$ 11.299.54 $ 56.337.77

$ 3.038.43 $ 12.352.18

$ 8.224.15 $ 43.798.54

$ 36.96 $ 187.05

$ 3,947.93 6,437.54 3,528.17 2.942.09
$ 16.855.73
$ (-)78.56
$ 7.072.86
$ 91.487.34

$ 1,570.44 2,029.50 1,588.40 698.68
$ 5.887.02

$ 2,149.22 4,040.82 1,751.20 2.026.99
$ 9.968.23

$ <-)78.56

$ 2.836.74 $ 4.218.17 $ 24.114.37 ' $ 66.130.53

$ 228.27 367.22 188.57 216.42
$ 1.000.48
$ 17.95
$ 1.242.44

$ 5.235.26 $ 96.722.60 $255,439.50 $275,374.76

$151,383.37

$ 99.401.39

$ 4.654.74

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS
AGENCY FUNDS
P U N T FUNDS
TOTALS

Balance

Receipts

July 1. 1953 For Year

Disbursements Balance

For Year

June 30. 1954

$ 11,766.49 17.283.88
$ 29.050.37
$ 4.605.82
$ 43.128.73
$ 76.784.92

$192,964.84 111.848.84
$304,813.68
$ 58.481.03
$ 25.033.76
$388,328.47

$178,652.16 96.722.60
$275,374.76
$ 57.460.19
$ 63.847.23
$3%. 682.18

$ 26,079.17 32.410.12
$ 58.489.29
$ 5.626.66
$ 4.315.26
$ 68.431.21

278

WEST GEORGIA COLLEGE
BANK BALANCES
Peoples Bank - (Agency) Peoples Bank -(Auxiliary) West Georgia National -(Operating) Cash on Hand
TOTAL
STATEMENT OF AGENCY FUNDS For Year Ending June 30, 1954

$ 3,194.03 32,777.76 31,238.28 1.221.14
$68,431.21

Group Insurance Sales Tax Room Reservation Student Activities Student Bank Retirement Collections Withholding Tax Clark Memorial Fund Social Security
TOTAL AGENCY FUNDS

Balance

Receipts

July 1, 1953 For Year

Disbursements Balance

For Year

June 30. 1954

$ 672.38 1,842.50 351.24 1,739.70
$4,605.82

$ 3,750.95 406.61
2,510.00 6,511.61 26,150.29 4,465.94 13,131.16
200.00 1.354.47 $58,481.03

$ 3,452.69 406.61
1,641.50 6,604.32 26,644.35 4,465.94 13,131.16
1.113.62 $57,460.19

$ 970.64
2,711.00 258.53
1,245.64
200.00 240.85 $5,626.66

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ending June 30, 1954
BALANCE BEGINNING OF YEAR
ADDITIONS: Transfer from Auxiliary Funds Transfer from Educational and General Funds Reimbursement by Building Authority for Architactural Fees TOTAL ADDITIONS
DEDUCTIONS: EXPENDED FOR PLANT ADDITIONS: Buildings and Additions to Buildings Adamson Hall Administrative Building Dining Hall & Auditorium Library Mandeville Hall Melson Hall Rural Arts Science Building (Transfer toBuildingAuthority) TOTAL BUILDINGS AND ADDITIONS TOBUILDINGS
IMPROVEMENTS OTHER THAN BUILDINGS Landscaping Streets and Walks TOTAL IMPROVEMENTS OTHER THAN BUILDINGS
TOTAL EXPENDED FOR PLANT ADDITIONS
279

$43,128.73
5 235.26 14*700.00 5*098 50 W8A62.49
$ 6,402.01 10 114.74 3578.54 *935!94 2 639.11 6^118.54 786.49 15,335.26
$451910!63
$ 583.82 4,811.16
$ 5,394.98
$51,305.61

WEST GEORGIA COLLEGE
STATEMENT OF UNEXPENDED PLANT FUNDS (CONTINUED)
OTHER DEDUCTIONS: Expenditures not Capitalized Summer Renovation and Repairs
TRANSFERS TO: Axuiliary Funds
TOTAL DEDUCTIONS
BALANCE END OF YEAR

SUMMARY OF INVESTMENT IN PLANT For Year Ending June 30, 1954
VALUE OF PLANT, JULY 1, 1953

ADDITIONS DURING YEAR: Expended from Plant Funds Expended from Educational and General Funds and Included in Current Expenditures Expended from Auxiliary Funds and Included in Current Expenditures Buildings Constructed by University System Building Authority TOTAL ADDITIONS
VALUE OF PLANT JULY 1, Plus Additions Deduct: Shop Machinery Sold
VALUE OF PLANT JUNE 30, 1954 Less: Equity of University System Building Authority

NET INVESTMENT IN PLANT

STATEMENT OF INVESTMENT IN PLANT For Year Ending June 30, 1954

$ 5.041.62
$ 7,500.00 $63.847.23 $ 4,315.26

$1,061,812.90

$51,305.61
3,412.30
1,242.44 87.814.41

$ 143.774.76
$1,205,587.66 22.835.00
$1,182,752.66 $ 316.858.06
$ 865.894.60

A. LAND Campus Off-Campus TOTAL LAND
B. BUILDINGS Adamson Hall Administration Aycock Hall (Bldg. Auth.) Bookstore Borders Barracks Dining Hall - Auditorium Engineering & Drawing Gunn House

Year Acquired

Investment

Investment

Beginning

End of

Of Year_______ Additions______Year______

19U7 1907
1907 1907 1952 1944 1944 1937 1946 1907

$ 4,000.00 $

$

23.500.00______________

$ 27.500.00 $______________$

4,000.00 23,500.00 27,500.00

$ 53,259.09 63,671.86
242,002.21 4.466.00 5,928.47
,75,641.50 6 000.00 5.275.00

$ 6,402.01 10,114.74
3,578.54

$ 59,661.10 73,786.60
242,002.21 4.466.00 5,928.47
79,220.04 6 ,000.00 5.275.00

280

WEST GEORGIA COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

B. BUILDINGS (CONT'D) Hamm Barracks Log Cabin Dormitory Library Machine Shop Maintenance Shop Mandeville Hall Rogers Apartment Melson Hall Plant Supervisor's Home President's Home Recreation Center Rural Arts Science Building (Bldg. Auth.) Sand Hill Apartment Tenant House No. 1 Tenant House No. 2 Tenant House No. 3 Tenant House No. 4 Tenant House No. 5 Tenant House No. 6 Woodshop Wright Barracks Cow Barn Crib Dairy Barn Mule Barn TOTAL BUILDINGS
IMPROVEMENTS OTHER THAN BUILDINGS Streets and Walks Lighting System Heating System Athletic Field & Tennis Courts Water System Landscaping
TOTAL IMPROVEMENTS
EQUIPMENT Administrative Offices Physical Plant Library Instructional Departments Dormitories Dormitories (Building Authority) Dining Hall Bookstore Farm Shops
TOTAL EQUIPMENT >
TOTAL INVESTMENT IN PLANT

Year Acquired

Investment Beginning of Year

Additions

Investment End of Year

1944 1932 1938 1944 1948 1935 1946 1907 1907 1907 1947 1935 Under Con. 1945 1944 1907 1943 1944 1946 1938 1944 1944 1946 1907 1944 1907

$ 5,928.48 $

3,100.00

45,448.71

935.94

10,0 00.00

1 ,2 0 0 .0 0

34,347.15

2,639.11

2,058.03

50,878.76

6,118.54

1,275.00

6 ,0 00.00

4,930.00

45,441.70

786.49

101,583.16

5,382.85

500.00

200.00

1,264.20

500.00

500.00

1,051.00

10,0 00 .0 0

10,673.76

5,000.00

200.00

3,000.00

2 .0 00 .0 0

$ 707.123.77 $132,158.53

$ 5,928.48 3,100.00
46,384.65 10,0 00 .0 0
1,2 00.00 36,986.26
2,058.03 56,997.30
1,275.00 6 ,0 00.00 4,930.00 46,228.19 101,583.16 5,382.85
500.00 200.00 1,264.20 500.00 500.00 1,051.00 10,0 00 .0 0 10,673.76 5,000.00 200.00 3,000.00 2 .0 00 .0 0 839.282.30

$ 8,390.00 $ 4,811.16

12,926.77

26,500.00

15,326.14

26,274.99

1.237.42

583.82

$ 90.655.32 $ 5.394.98

$ 13,201.16 12,926.77
26,500.00 15,326.14 26,274.99
1.821.24
$ 96.050.30

$ 6,052.75 $ 462.60

18,990.78

968.12

45,793.05

42,267.58

1,981.58

40,619.13

1,000.48

15,743.12

1,566.51

23,025.75

187.05

4,247.34

36.96

15,063.31

17.95

24.731.00 i(-)22.835.00

$ 236,533.81 $-16,613.75

$1.061f812,90 $126,939.76

$ 6,515.35 19,958.90 45,793.05 44,249.16 41,619.61 17,309.63 23,212.80 4,284.30 15,081.26 1.896.00
219.920.06
,182.55266

281

MIDDLE

GEORGIA COLLEGE FINANCIAL REPORT

FOR THE YEAR ENDING JUNE 30, 1954

Middle Georgia College Cochran, Georgia
283

MIDDLE GEORGIA COLLEGE

BALANCE SHEET JUNE 30, 1954

ASSETS

I. CURRENT FUNDS A. GENERAL Cash in Bank Accounts Receivable Due from Auxiliary Funds TOTAL GENERAL FUNDS

$ 954.22 1,061.55 1.300.00

B. AUXILIARY Cash in Bank Accounts Receivable Stores (Inventories) TOTAL AUXILIARY FUNDS

$ 252.15 2,170.98 7.460.38

TOTAL CURRENT FUNDS

II. AGENCY FUNDS Cash in Bank TOTAL AGENCY FUNDS

III. PLANT FUNDS A. UNEXPENDED Cash in Bank

B. EXPENDED Land and Improvements Buildings Improvements Other Than Buildings Equipment TOTAL EXPENDED

$ 18,400.00 770,671.55 25,450.00 279.778.20

TOTAL PLANT FUNDS

TOTAL ASSETS

$

3*315*77

$

9,883.51

$ 13,199.28

$

1.687.05

$ 1,687.05

$

2,531.09

$ 1.094.299.75 $1,096,830.84 $1.111.717.17

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $1,300,800.

284

MIDDLE GEORGIA COLLEGE
BALANCE SHEET JUNE 30, 1954
LIABILITIES

CURRENT FUNDS A. GENERAL
Accounts Payable Unappropriated Surplus
TOTAL GENERAL FUNDS
B. AUXILIARY Due to General Funds Reserve For Stores (Inventories) Surplus TOTAL AUXILIARY FUNDS
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Fund Balances TOTAL AGENCY FUNDS
III. PLANT FUNDS A. UNEXPENDED Fund Balance
B. EXPENDED Equity of Univ. System Bldg. Auth. Invested in Plant TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL LIABILITIES AND SURPLUS

$ 499,30 2.816.47 $ 3,315.77
$ 1,300.00 7,460.38 1.123.13 $ 9.883.51
$ 13,199.28
$ 1.687.05 $ 1,687.28

$ 2,531.09

$150,054.69 944.245.06

$1.094.299.75 $1.096.830.84 $1.111.717.17

285

MIDDLE GEORGIA COLLEGE
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954
A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matriculation Health Service Other Student Fees TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia - Regular Operations Plus: Amount Payable for Previous Year TOTAL PUBLIC APPROPRIATIONS
OTHER SOURCES Rents from Property Insurance Recovery TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL INCOME
B. AUXILIARY ENTERPRISES BOOKSTORE
CAMPUS STORE
DORMITORIES Browning Hall Social Center Peacock Hall Wiggs Hall Talmadge Hall Veterans Apartments Ebenezer Jackson TOTAL DORMITORIES
DINING HALL
TOTAL AUXILIARY INCOME
TRANSFER FROM GENERAL FUNDS
TOTAL AUXILIARY RECEIPTS
TOTAL CURRENT INCOME

$ 916.79 25,034.25 2,408.00 1,675.89
$ 30,034.93

$ 86,400.00 5.949.85

$ 92,349.85

$ 1,743.72 244.00
$ 1,987.72
$124,372.50

$ 7,802.05 $ 9,604.52

$ 2,990.20 1,263.90 2,712.60 2,538.00 6,426.37 5,924.11 604.00 180.00

$ 22,639.18

$ 56,633.23

$ 96.678.98

$ 1,300.00

$ 97,978.98

$220,051.48

286

MIDDLE GEORGIA COLLEGE
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

EDUCATIONAL AND GENERAL ADMINISTRATIVE AND GENERAL
Comptroller's Office General Expense President's Office Registrar's Office
TOTAL ADM. & GENERAL
STUDENT WELFARE
PHYSICAL PLANT
LIBRARY
INSTRUCTION English History Language Music Commerce Physical Education Bioloby Chemistry Engineering Home Economics Mathematics Physics TOTAL INSTRUCTION
TOTAL EDUC. & GENERAL EXPEND.
TRANSFER TO AUXILIARY FUNDS
TOTAL EDUC. & GEN. DISBURS.
AUXILIARY ENTERPRISES BOOKSTORE
DORMITORIES Browning Hall Social Center Peacock Hall Wiggs Hall Jackson Hall Ebenezer Tslmadge Hall Veterans Apartments TOTAL DORMITORIES

Total

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense Equipment

$ 7,794.67 7,270.69 8,942.28 7.513.55
$ 31.521.19

$ 7,794.67 895.10
8,942.28 7.513.55 $ 25.145.60

$ 5,720.34
$ 5.720.34

$ 655.25
$ 655.25

3.100.22 $ 2.356.70 $ 743.52 $

$ 25.876.75 $ 18.030.07 $ 6,814.26 $1,032.42

3_ 5.514.71 $ 5.204.99 $ 282.36 $1.027.36

$ 5,384.24 4,039.00 2,765.82 4,196.00 7,762.81 6,251.17 4,845.71 5,034.67 4,523.54 3,436.33 4,200.00 4.368.77
$ 56.808.06

$ 5,334.24 4,039.00 2,629.46 3,812.25 7,294.01 6,239.92 4,472.02 4,405.17 4,143.89 3,422.30 4,200.00 4.119.26
$ 54.111.52

$ 50.00
136.36 383.75 468.80
11.25 203.99 629.50 379.65
14.03
249.51 $ 2.526.84

$ 169.70
$ 169.70

$122.820.93 $103,848.88 $16.087.32 $2.884.73

1.300.00

$124.120.93

!_ 8.621.31 $

$ 8.621.31 $

4 8,958.04 1,575.25 4,649.64 5,623.75 232.85 556.54 7,510.43 5.919.81
$ 35,026.31

$ 4,797.32 718.46
2,923.55 3,001.79
32.50 171.65 3,839.32 1.783.05 $ 17,267.64

$ 2,5%. 12 755.79
1,395.69 1,232.38
192.48 376.89 3,542.02 4.079.18 $14,170.55

$1,564.60 101.00 330.40
1,389.58 7.87 8.00
129.09 57.58 $3.588.12

287

MIDDLE GEORGIA COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Total

Salaries & Waaes

Object Classification

Operating

Supplies

& Expense

Equipment

DINING HALL CAMPUS STORE
TOTAL AUXILIARY EXPENDITURES TOTAL CURRENT EXPENDITURES

$ 47.277.55 $ 10.609.63 $101.534.80 $224.355.73

$ 14.212.27 $ 2.720.31 $ 34.182.22 $138.031.10

$31.923.14 $ 7.892.76 $62.607.76 $78.695.08

$1.142.14 $ 14.56 $4.744.82 $7.629.55

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

Cash Balance Receipts July 1. 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS
AGENCY FUNDS
PLANT FUNDS
TOTALS

$ 702.65 $124,372.50 $124,120.93 $ 954.22

3.807.97

97.978.98

101.534.80

252.15

$ 4.510.62 $222.351.48 $225.655.73 $1.206.37

r

$ 3.737.15 $ 16.666.21 $ 18.716.31 $1.687.05

$

24.73 $ 15.300.00 $ 12.793.64 $2.531.09

$ 8.272.50 $254.317.60 $257.165.68 $5.424.51

BANK BALANCES
State Bank of Cochran, Cochran, Georgia Educational and General Account Auxiliary Enterprise Account Plant Funds Special TOTAL
Cook Banking Company, Cochran, Georgia Agency Funds Account
TOTAL BANK BALANCES

$ 954.22 252.15
2.531.09 $3.737.46
$1.687.05
$5.424.51

i
t
288

Student Banks Student Activities Reserve Deposits Group Life Insurance Social Security Withholding Tax Retirement Funds
TOTAL AGENCY FUNDS

MIDDLE GEORGIA COLLEGE
STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Balance Beginning of Year
$ 305.96 41.68
1,,692.00 126.48 269.48 912.80 389.19
$3.737.15

Receipts For Year

Disbursements for Year

Balance End of Year

$ 1,898.89 7,275.77 3,583.29 2,674.18 1,234.08

$ 2,120.52 7,303.45 4,310.23 2,395.27 1,284.85 912.80 389.19

$ 84.33 14.00
965.06 404.95 218.71

$16.666.21 $18.716.31 $1.687.05

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954
BALANCE, BEGINNING OF YEAR
ADDITIONS GOVERNMENT APPROPRIATIONS Board of Regents TOTAL
DEDUCTIONS EXPENDED FOR PLANT ADDITIONS Walker Hall-Fire Doors Administration Building-Fire Doors Shop Building-Fire Doors Gymnasium-Fire Doors Science Building-Fire Doors New Dining Hall-Fire Doors Browning Hall-Rebuilding Bath Rooms TOTAL BUILDING ADDITIONS
TOTAL EXPENDED FOR PLANT
OTHER EXPENDITURES NOT CAPITALIZED New Dining Hall - Repairs to Roof New Dining Hall- Removing partitions, bathrooms, etc. TOTAL EXPENDITURES NOT CAPITALIZED
TOTAL DEDUCTIONS
BALANCE, END OF YEAR

$ 24.73
$15.300.00 $15.324.73
$ 1,329.79 708.90 673.98 742.67 336.01 658.97
6.749.41 $11.199.73
$11,199.73
$ 629.49 964.42
$ 1.593.91
$12.793.64
$ 2.531.09

289

MIDDLE GEORGIA COLLEGE
SUMMARY OF INVESTMENT IN PLANT As of June 30, 1954
VALUE OF PLANT, JULY 1, 1953
ADDITIONS DURING YEAR Expended from Plant Funds Expended from Educational & General Funds. and included in Current Expenditures Expended from Auxiliary Enterprises Funds and included in Current Expenditures Contents Purchased by Univ. System Building Auth.
TOTAL ADDITIONS
VALUE OF PLANT, PLUS ADDITIONS, JUNE 30, 1954
LESS: Equity of University System Building Authority
NET INVESTMENT IN PLANT
STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

$1,074,634.71

$11,199.73
2,884.73
4,744.82 835.76

$ 19.665.04 $1,094,299.75

150.054.69 $ 944,245.06

LAND Campus Off Campus TOTAL LAND
BUILDINGS Talmadge Hall (Bldg. Auth.) Walker Building Sanford Library New Dining Hall Browning Dormitory Peacock Dormitory Wiggs Dormitory Ebenzer Jackson Dormitory President's Home Gymnasium Faculty Apartments Science Building Veterans Housing Auto Mechanic Bldg. Stadium Field House Misc. Campus Buildings
TOTAL BUILDINGS

Year Acquired

Investment Beginning of Year

Additions

Investment End of Year .

1887 1917
1952 1928 1938 1939 1936 1944 1922 1890 1928 1928 1928 1948 1948 1947 1949 1948 1928

$ 13,200.00 $ 5.200.00
! _ 18.400.00 $

$ 13,200.00 5.200.00
$ 18.400.00

$ 153,371.54 $ 164,889.51 1,329.79

48,000.00

708.90

38,000.00

658.97

84,636.72 6,749.41

45,770.50

41,602.02

10,000.00

5,151.53

742.67

6,500.00

7,500.00

36,000.00

35,000.00

336.01

55,000.00

15,000.00

673.98

1,250.00

11.800.00

$ 759.471.82 $11.199.73

$ 153,371.54 166,219.30 48,708.90 38,658.97 91,386.13 45,770.50 41,602.02 10,000.00 5,894.20 6,500.00 7,500.00 36,000.00 35,336.01 55,000.00 15,673.98 1,250.00 11.800.00
_ J L _ 770.671.55

290

MIDDLE GEORGIA COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

C. IMPROVEMENTS Heating System Water System Lighting System TOTAL IMPROVEMENTS
D. EQUIPMENT Administration Offices Physical Plant Library Instructional Dormitories Dormitories (Bldg. Auth.) Dining Hall Campus Store TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

Year Acquired

Investment Beginning of Year

Additions

Investment End of Year

$ 9,200.00 $ 9,500.00
6.750.00 $ 25.450.00 $

$ 11,400.00 $ 655.25 74,588.12 1,032.42

26,308.93 1,027.36

61,583.80

169.70

51,234.84 3,588.12

12,520.13

835.76

30,337.07 1,142.14

3.340.00

14.56

$ 271,312.89 $ 8.465.31

$1.074.634.71 $19.665.04

$ 9,200.00 9,500.00 6.750.00
$ 25.450.00
$ 12,055.25 75,620.54 27,336.29 61,753.50 54,822.% 13,355.89 31,479.21 3.354.56
279.778.20
$1.094.299.75

291

SOUTH

GEORGIA COLLEGE FINANCIAL REPORT

FOR THE YEAR ENDING JUNE 30, 1954

South Georgia College Douglas, Georgia
293

SOUTH GEORGIA COLLEGE July 14, 1954

President William S. Smith South Georgia College Douglas, Georgia
Dear President Smith:
I am submitting herewith my annual report as Comptroller of South Georgia College for the fiscal year ending June 30, 1954, which consists of the following statements and schedules:
Balance Sheet---------------------------Exhibit A Statement of Current Income------------ Exhibit B Statement of Current Expenditures------ Exhibit C Statement of Changes in Cash Balances--- Schedule A Analysis of Cash Balances--------------- Schedule A-l Statement of Agency Funds-------------- Schedule B Statement of Unexpended PlantFunds----- Schedule C Summary of Investment in Plant---------- Schedule C-l Statement of Investment in Plant-------- Schedule C-2
Respectfully submitted,

J T F :RR

James T. Frye Comptroller

294

SOUTH GEORGIA COLLEGE
COMMENTS
This report is assembled on the basis of receipts and disbursements, with the ex ception of the Balance Sheet, which reflects all known assets and liabilities including both accounts receivable and accounts payable.
Separate accounting records are maintained for each of the various Funds of the institution. Details of the operations of each Fund are Given below.

EDUCATIONAL AND GENERAL

INCOME

The following summary of Educational and General income gives the source of income and the percentage of each item to the total for the three year period ending June 30, 1954.

1951-1952____________ 1952-1953_____________1953-1954 Amount Per Cent Amount Per Cent Amount Per Cent

STUDENT FEES Non-Resident Tuition Matriculation Health Fees Other Student Fees TOTAL STUDENT FEES

$ 4,726.87 20,111.61 2,008.90 1.212.09
$ 28.059.47

3.7 15.6
1.6 .9
21.8

$ 3,705.55 23,271.67 2,316.00 1.380.20
$ 30.673.42

2.5 15.6
1.6 .9
20.6

$ 3,896.98 31,268.50 3,051.60 1.959.34
$ 40.176.42

2.7 22.1
2.2 1.4 28.4

PUBLIC APPROPRIATIONS State of Georgia - Regular Operations

$100.925.86 78.2 $117.987.29 79.4 $100.731.95 71.2

OTHER INCOME

540.00

.4

TOTALS

$128.985.33 100.0 $148.660.71 100.0 $141.448.37 100.0

EXPENSE

The following statement of Educational and General expenditures gives; the total by

function of the percentage of each function to the total for the three year period ending

June 30, 1954.

1951-1952

1952-1953

1953-1954

Function

Amount Per Cent Amount Per Cent Amount Per Cent

Administration Student Welfare Physical Plant Library Instruction Faculty Leave
TOTALS

$ 26,717.28 5,590.75
21,589.37 5,169.98
72,311.90

20.3 4.3 16.4 3.9
55.1

$131.379.28 100.0

$ 33,736.13 3,851.88
23,070.37 4,975.23
67,787.80 5.104.00
$138.525.41

24.4 2.8
16.6 3.6 48.9 3.7 100.0

$ 33,076.47 8,543.40 19,651.21 5,057.79
72,937.14 3.265.97
$142.531.98

23.2 6.0 13.8 3.5
51.2 2.3
100.0

295

COMMENTS (continued)
Function
Administration Student Welfare Physical Plant Library Instruction
TOTALS

SOUTH GEORGIA COLLEGE

1951-1952

1952-1953

1953-1954

Per

Per

Per

Amount

Student Amount

Student Amount

Student

$ 26,717.28 $119.81 5,590.75 25.07
21,589.37 96.81 5,169.98 23.18
72.311.90 324.27 $131,379.28 $589.14

$ 33,736.13 $130.26 3,851.88 14.87
23,070.37 89.07 4,975.23 19.21
67.787.80 261.73 $133,421.41 $515.14

$ 33,076.47 $ 95.32 5,544.09* 15.98
19,651.21 56.63 5,057.79 14.58
72.937.14 210.19 $136,266.70 $392.70

i

AUXILIARY ENTERPRISES

INCOME

The following table reflects the comparative Auxiliary Income and the percentage of each to the total of Auxiliary Income.

Activity

1951-1952

1952-1953

1953-1954

Amount Per Cent Amount Per Cent Amount Per Cent

Book Store Co-op Dining Hall Dormitories Farm Housing Project
TOTALS
EXPENSE

$ 5,931.72 7.7 $ 6,543.28 7.3 $ 9,165.99 7.8

6,501.42 8.5

6,424.44 7.2

7,632.87 6.5

43,759.48 56.9

52,754.13 59.0

68,754.40 58.7

I

13,187.38 17.1

16,943.48 18.9

21,224.51 18.2

3,525.05 4.6

2,239.98 2.5

2,213.29 1.9

3.992.00 5.2

4.565.35 5.1

8.093.00 6.9

$ 76.897.05 100.0

$ 89.470.66 100.0

$117,084.06 100.0
.........----------

The following table presents a comparison of expenditures for Auxiliary Enterprises

5

for three-year period and the percentage of each activity to the total.

Activity

1951-1952 Amount Per Cent

1952-1953 Amount Per Cent

1953-1954 Amount Per Cent

Book Store Co-op Dining Hall Dormitories Farm Housing Project
TOTALS

$ 5,143.18 6,016.40
43,758.77 13,512.70
2,886.84 2.199.94 $ 73.517.83

7.0 8.2 59.5 18.4 3.9 3.0 100.0

$ 6,541.51 5,999.70
47,978.07 11,137.91
1,542.57 6.567.64 $ 79.767.40

8.2 7.5 60.1 14.0 1.9 8.3 100.0

$ 8,021.44 7,817.22
65,749.30 21,714.68
1,205.53 8.234.52 $112,742.69

7.1 6.9 58.3 19.3 1.1 7.3 100.0

Irregular expenditure of $2,999.31 excluded.

2% -

COMMENTS (continued) INCOME AND EXPENSE

SOUTH GEORGIA COLLEGE

The summary below presents the total current operating income and expense of each

activity in Auxiliary Enterprises and the amount and percentage of net income of each

activity to the total for the year 1953-54.

Net Income from Current Operation

Per Cent

Activity

Income

Expense

Amount

Per Cent of Total

Book Store

$ 9,165.99 $ 7,618.61 $1,547.38

16.9

15.6

Co-op

7,632.87

7,077.22

555.65

7.3

5.6

Dining Hall

68,754.40 64,591.55 4,162.85

6.0

42.0

Dormitories

21,224.51 20,667.11

557.40

2.6

5.6

*

Farm

2,213.29

1,205.33 1,007.76

45.5

10.2

Housinq Proiect

8.093.00

6,002.35 2.090.65

25.8

21.0

TOTALS

$117.084.06 $107.162.1 7 $9,921.69

10*41

100.0

1

Capital outlays in the following amounts were excluded from the above summary:

Book Store - Equipment

$ 402.83

Co-op - Equipment

740.00

Dining Hall - Equipment

1,157.75

Dormitories - Equipment

1,047.57

Housing Project - Equipment

2.232.17



TOTAL

$5,580.32



PLANT FUND

The following is a schedule of Plant Fund Receipts and Disbursements for the year 1953-54

RECEIPTS .



BALANCE, JULY 1, 1953

Transfer from Auxiliary Enterprises

Proceeds from sale of Land



TOTAL RECEIPTS

AMOUNT $48,867.92
3,000.00 470.00
$52.337.92

PER CENT 93.4
5.8 .8
100.0

DISBURSEMENTS

To complete President's Home

Fire Safety and Deferred Maintenance

Campus Sewer System

Dormitory Equipment

+

Dining Hall Equipment

Furnishings for President's Home

Student Activity Bus

Expenditures not capitalized:

Landscaping

Repairs to Buildings

Rearrangement of Steam Lines

fi

Insurance

TOTAL DISBURSEMENTS

$886.56 45.65
986.27 115.50

$ 3,067.06 21,323.68 11,827.45 1,415.97 1,130.75 5,349.71 4,000.00
$ 2.033.98 $50.148.60

6.1 42.5 23.6
2.8 2.2 10.7 8.0
4.1 100.0

BALANCE, JUNE 30, 1954

$ 2.189.32

AGENCY FUND The statement of Receipts and disbursements for Agency Funds is shown on the following pages of this report.

297

SOUTH GEORGIA COLLEGE

BALANCE SHEET JUNE 30, 1954

ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand and in Bank Accounts Receivable State of Georgia - Board of Regents TOTAL GENERAL FUNDS

$ 8,455.82
6.154.90 $ 14,610.72

B. AUXILIARY Cash on Hand and in Bank Stores (Inventory) TOTAL AUXILIARY FUNDS

$ 11,939.23 4.237.58 $ 16.176.81

TOTAL CURRENT FUNDS

$ 30,787.53

II. AGENCY FUNDS Cash on Hand and in Bank

$ 4,695.21

III. PLANT FUNDS A. UNEXPENDED Cash in Bank

$ 2,189.32

B. EXPENDED Land and Improvements Buildings Equipment TOTAL EXPENDED

$152,775.64 919,258.50 171.788.65

$1.243.822.79

TOTAL PLANT FUNDS

$1.246.012.11

TOTAL ASSETS

$1.281.494.85

NOT: Buildings are valued at cost, Based on an appraisal made during 1953-54, buildings had a sound value of $1,400,300.

SOUTH GEORGIA COLLEGE

BALANCE SHEET JUNE 30, 1954

LIABILITIES

I. CURRENT FUNDS A. GENERAL Accounts Payable Other Reserves Unappropriated Surplus TOTAL GENERAL FUNDS

$ 141.06 300.00
14.169.66 $ 14,610.72

B. AUXILIARY Reserve for Stores (Inventory) Surplus TOTAL AUXILIARY FUNDS

$ 4,237.58 11.939.23 $ 16.176.81

TOTAL CURRENT FUNDS

$ 30,787.53

II. AGENCY FUNDS Fund Balance

$ 4,695.21

III. PLANT FUNDS A. UNEXPENDED Fund Balance

$ 2,189.32

B. EXPENDED Equity of University System Bldg. Invested in Plant TOTAL EXPENDED

$391,137.49 852.685.30 $1.243.822.79

TOTAL PLANT FUNDS

$1.246.012.11

TOTAL LIABILITIES

$1.281.494.85

\
J 299

SOUTH GEORGIA COLLEGE
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matriculation Health Fees Other Student Fees TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia - Regular Operations Plus: Amount Unpaid at Beginning of Year Less: Amount Unpaid at End of Year TOTAL PUBLIC APPROPRIATIONS
OTHER INCOME Rentals President's Home Utilities TOTAL OTHER INCOME
TOTAL EDUCATIONAL AND GENERAL INCOME
B. AUXILIARY ENTERPRISES BOOKSTORE
CO-OP
DORMITORIES Davis Hall Fraser Hall Powell Hall Proctor Hall Tanner Hall Women's Dormitory TOTAL DORMITORIES
DINING HALL
farm
HOUSING PROJECT
TOTAL AUXILIARY INCOME
TOTAL CURRENT INCOME

$ 3,896.98 31,268.50 3,051.60 1,959.34

$ 40,176.42

$100,800.00 6.086.85 $106,886.85 6.154.90

$100,731.95

$ 240.00 300.00 $ 540.00
$141,448.37

$ 9,165.99 7,632.87

$ 4,976.27 176.50
5.612.61 2.649.62
619.00 7.190.51
$ 21,224.51
$68,754.40
$ 2,213.29
$ 8.093.00

$117.084.06 $258.532.43

300

SOUTH GEORGIA COLLEGE
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL ADMINISTRATIVE AND GENERAL Comptroller's Office General Expense President's Office Registrar's Office TOTAL ADM. & GENERAL
STUDENT WELFARE Dean of Students Student Hospital TOTAL STUDENT WELFARE
PLANT OPERATIONS
LIBRARY
INSTRUCTION Business Administration Education Fine Arts Home Economics Languages Mathematics Physical Education Science Social Science TOTAL INSTRUCTION
FACULTY LEAVE
TOTAL EDUC. & GEN. EXPENDITURES
B. AUXILIARY ENTERPRISES BOOKSTORE
CO-OP
DINING HALL
DORMITORIES Davis Hall Fraser Hall Powell Hall Proctor Hall Tanner Hall Women's Dormitory TOTAL DORMITORIES

Total

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense Equipment

$ 8,305.90 10,685.88 9,788.69 4.295.00
$ 33.075.47

$ 8,000.00 75.00
9.650.00 4.200.00 $ 21.925.00

$ 305.90 10,610.88 138.69 95.00
$11,150.47

$ _J__________

$ 4,301.81 $ 4,131.92 $

4.241.59

994.77

$ 8.543.40 $ 5.126.69 $

169.89 255.51 425.40

$ 2.991.31
$ 2.991.31

$ 19.651.21 $ 12.311.42 $ 7.339.79 $

$ 5.058.79 $ 3.479.13 $ 1.579.66 _ i __________

$ 11,189.03 $ 10,900.00 $ 289.03 $

4,331.99

4.300.00

31.99

3,500.26

3.300.00

200.26

3,388.01

3,212.75

175.26

11,603.49 11.500.00

103.49

4,400.00

4.400.00

10,277.82 10.106.00

171.82

9,695.82

8,843.50

852.32

14.550.72 14.500.00

50.72

$ 72.937.14 $ 71.062.25 $ 1.874.89 $

$ 3.265.97 $ 3.265.97 $

_ J _________

$142,531.98 $117,170.46 $22,370.21 $ 2.991.31

$ 8.021.44 $ 480.00 $ 7.138.61 $ 7.817.22 $ 928.88 $ 6.148.34 $ 65.749.30 $ 11.271.01 $53,320.74

$ 402.83 $ 740.00 $ 1.157.75

$ 5,119.64 293.67
4,442.01 2,979.44
303.60 8.576.32 $ 21.714.68

$ 2,972.78 120.00
2,309.91 1,854.94
219.70 5.596.26 $ 13.073.59

$ 1,738.53 173.67
1,492.86 1,124.50
83.90 2.980.06 $ 7.593.52

$ 408.33 639.24
$ 1.047.57

301

SOUTH GEORGIA COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

Total

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense Equipment

AUXILIARY ENTERPRISES (CONT'D) FARM
HOUSING PROJECT
TOTAL AUXILIARY EXPENDITURES

$ 1.205.53 $

24.70 $ 1.180.83 $

$ 8.234.52 $ 2.035.67 $ 3.966.68 $ 2,232.17

$112.742.69 $ 27.813.85 $ 79.348.72 $ 5.580.32

TRANSFERS TO: Board of Regents Plant Funds Student Activities TOTAL TRANSFERS
TOTAL AUXILIARY DISBURSEMENTS

$ 1,272.97 3,000.00 580.31
L 4.853.28
$117,595.97

TOTAL CURRENT EXPENDITURES

$255.274.67 $144.984.31 $101.718.73 $ 8.571.63

STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1954

CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS
PLANT FUNDS
AGENCY FUNDS
TOTAL

Cash Balance Receipts Disbursements Cash Balance

July 1. 1953 For Year

For Year June 30. 1954

$ 9,539.43 $141,448.37 $142,531.98 $ 8,455.82 12.451.14 117.084.06 117.595.97 11.939.23
$ 21.990.57 $258.532.43 $260.127.95 $ 20.395.05
$ 48.867.92 $ 3.470.00 $ 50.148.60 $ 2.189.32
$ 4.082.92 $ 39.430.97 $ 38.818.68 $ 4.695.21
$ 74.941.41 $301.433.40 $349.095.23 $ 27.279.58
ANALYSIS OF CASH BALANCES June 30, 1954

Agency Auxiliary Educational and General Plant Funds
TOTAL

Coffee County Bank $ 3,809.78
8,436.20

Farmers Bank $
11,784.65
2.189.32

Cash on Hand
$ 885.43 154.58 19.62

Total
$ 4,695.21 11,939.23 8,455.82 2.189.32

$ 12.245.98 $ 13.973.97 $ i,,059.63 $ 27.279.58

302

SOUTH GEORGIA COLLEGE
STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Cash Balance Receipts Disbursements Cash Balance

July 1. 1953 For Year

For Year

June 30. 1954

STUDENT ACTIVITIES ATHLETICS Awards and Trophies Baseball Basketball Football Travel Advance Work Scholarship TOTAL ATHLETICS
STUDENT CLUBS Camera Club Commerce Club Dramatics Club Future Teachers of America Georgia Historical Society Glee Club International Relations Club Home Economics Club S. G. C. Club Student Council Student Christian Association TOTAL STUDENT CLUBS
STUDENT PUBLICATIONS Record South Georgian TOTAL STUDENT PUBLICATIONS
OTHER STUDENT ACTIVITIES Bus Repairs & Transportation Student Fees Free Movies Transfer from Co-op Other TOTAL OTHER
TOTAL STUDENT ACTIVITIES
OTHER AGENCY FUNDS Henry Clay Insurance Fund Housing Project Building Repairs Room Reservation Deposits Social Security Fund Student Deposits Douglas Womans Club Teacher Flower Fund TOTAL OTHER AGENCY FUNDS
TOTAL AGENCY FUNDS

$ 471.02 $

505.43

551.37

1,615.03

9,638.78

10,120.94

245.00

245.00

525.86_______263.90

680.00

$ 525.86 $10.704.30 $ 13,637.42 $

$ 3.50

18.37 $ 16.02

41.00

44,86

20.00

4.50

29.50

103.20

233.45

25.00

17.86

33.65

33.65

587.43

959.95

29.61

S

$ 773.28 $ 1.428.27 $

$ 282.41 $ 735.00 $ 2,668.35 $

181.75

983.03

282.41

916.75 J L 3.651.38 $

94.56 94.56

$

$ 500.00 $

511.91 $

5,220.60

124.28

580.31

25.00

37.56

$

$ 6.325.91 $

673.75 $

$ 808.27 S18.720.24 S 19.390.82

$
2,850.00 198.25 169.44
56.96 S 3.274.65
S 4.082.92

$ 414.00 10,772.00 3,150.00 1,801.72 4,437.15 35.00 100.86
S20.710.73
S39.430.97

$

414.00

10,772.00

2,302.42

1,435.63

4,420.75

35.00

48.06

S 19.427.86

$
3,697.58 564.34 228.97
109.76 $ 4.600.65

S 38.818.68 $ 4.695.21

SOUTH GEORGIA COLLEGE

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

BALANCE, JULY 1, 1954
ADDITIONS: Sale of Land Transfer from Auxiliary Funds TOTAL ADDITIONS
TOTAL BALANCE AND ADDITIONS
DEDUCTIONS: BUILDINGS AND ADDITIONS TO BUILDINGS President's Home Elimination of Fire Code Deficiencies Davis Hall Dining Hall Gymnasium Peterson Hall Powell Hall Science Building Thrash Hall TOTAL BUILDINGS AND ADDITIONS

$ 470.00 3.000.00

$48,867.92
$ 3.470.00 $52,337.92

$3,067.06
1,606.50 923.35
2,271.79 9,331.17 1,645.26 5,255.00
290.61

$24,390.74

IMPROVEMENTS OTHER THAN BUILDINGS

Campus Sewer System

$11,827.45 i

EQUIPMENT

Activity Bus Dormitories

$4,000.00 1,415.97

Dining Hall

1,130.75

President's Home

5.349.71

TOTAL EQUIPMENT

$11,896.43

TOTAL EXPENDITURES FOR PLANT ADDITIONS

$48,114.62

EXPENDITURES NOT CAPITALIZED Repairs to Housing Project Buildings Landscaping Rearrangement of Steam Lines Social Security and Workmen's Compensation Insurance TOTAL EXPENDITURES NOT CAPITALIZED

$ 45.65 886.56 986.27 115.50

$ 2.033.98

TOTAL DEDUCTIONS

$50,148.60

BALANCE, JUNE 30, 1954

$ 2.189.32
>

* 304

SOUTH GEORGIA COLLEGE SUMMARY OF INVESTMENT IN PLANT
For Year Ended June 30, 1954
VALUE OF PLANT, JULY 1, 1954

$1,063,957.99

ADDITIONS DURING YEAR Expended from Plant Fund Expended from Auxiliary Enterprises and included in Current Expenditures Additions to Buildings and Contents USBA Buildings Contents
TOTAL ADDITIONS
VALUE OF PLANT PLUS ADDITIONS, JUNE 30,1954

$ 48,114.62

5,580.32

$174,833.54 1.601.39

176.434.93 $ 230.129.87

$1,294,087.86

DEDUCTIONS FOR YEAR Cost of 4.7 acres of land sold Stadium Destroyed Adjustment to reduce carrying Valeu of Land to Cost TOTAL DEDUCTIONS
VALUE OF PLANT, JUNE 30, 1954

$

1.57

5,000.00

45.263.50 $

50.265.07

$1,243,822.79

DEDUCT: Equity of University System Building Authority
NET INVESTMENT IN PLANT, JUNE 30, 1954

391.137.49 $ 852.685.30

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

----------Investraent

Year

Beginning

Acquired Of Year

` Additions

Investment

.

J;nd of

Deductions Year

A. LAND Campus Off Campus Raymond Richardson Tract - 28.3 acres B. Peterson Tract 300 acres Mrs. Ollie A. Bryant Tract .4403 acres J. L. Cochran Tract 8.85 acres Mrs. Vicey Peterson Tract 4.4 acres City of Douglas Tract .3 acres Mrs. Vicey Peterson Tichey Tract .0626 acres

1907
1953 1907 1922 1923 1923 1938 1938

$ 16,000.00 $ 37,500.00
12,500.00

100.00

$16,000.00 $ 37,500.00

12,500.00

1.57

98.43

50.00

50.00

1,107.00

1,107.00

400.00

400.00

1.00

1.00

1.00

1.00

305

SOUTH GEORGIA COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Investment

Year

Beginning

Acquired of Year

Additions

Investment End of Deductions Year

LAND (CONT'D) J. M. Ghrash Tract
4.289 acres Mrs. Lillian Price Stubbs
and Mrs. J. L. Cochran Tract 16-46 acres J. F. Darby Tract 6.28 acres G. & F. Investment Co. Tract .926 acres
TOTAL LAND

1944
1945 1945 1945

$

$ 864.00 $

$

864.00

2,500.00

2,500.00

2,750.00

2,750.00

463.50

463.50

J>_ $ 66.000.00 J L 8.236.50 $53.501.57

20.734.93

B. BUILDINGS

Peterson Hall Davis Hall

1907

$

1907

Fraser Hall

1929

Powell Hall

1907

Proctor Hall Tanner Hall

1929 1929

Dining Hall

1927

Shops and Sheds

1933

Gymnasium

1936

Women's Dormitory (Bldg. A.) 1952

Classroom Annex (Bldg. A . ) Under Con.

Men's Dormitory (Bldg. A.) Under Con.

Housing Project Bldgs.

Administration Bldg.

1953

Ground School Bldg.

1953

Hospital Building

1953

Canteen Building

1953

Mess Hall

1953

Bldg. No. 1

1953

Bldg. No. 2

1953

Bldg. No. 3

1953

Bldg. No. 4

1953

Bldg. No. 5

1953

Bldg. No. 6

1953

Bldg. No. 7

1953

Bldg. No. 8

1953

Bldg. No. 9

1953

Bldg. No. 11

1953

Link Building

1953

President's Home

1953

Thrash Hall

1939

Science Building

1946

Miscellaneous on Campus

Stadium

Farm Tenant House

Farm Barn

57,487.32 43,887.74 14,000.00 43,070.67 14,229.40 12,000.00 31,696.74
1,500.00 18,273.69 233,658.49
12,000.00 15,000.00 10,000.00 8,000.00 15,000,00 10,000.00 7,500.00 7,500.00 10,000.00 10,000.00 7,500.00 7,500.00 10,000.00 7,000.00 3,000.00 8,000.00 28,932.94 37,186.86 24,510.37
5,000.00 5,000.00 3,000.00

$ 9,331.17 1,606.50 1,645.26 923.35 2,271.79
27,485.17 29,417.49 117,930.88
3,067.06 290.61
5,255.00

$ 5,000.00

$ 66,818.49 45,494.24 14,000.00 44,715.93 14,229.40 12,000.00 32,620.09 1,500.00 20,545.48
261,143.66 29,417.49
117,930.88
12,000.00 15,000.00 10,000.00 8,000.00 15,000.00 10,000.00
7,500.00 7,500.00 10,000.00 10,000.00 7,500.00 7,500.00 10,000.00 7,000.00 3,000.00 8,000.00 32,000.00 37,477.47 29,765.37
5,000.00 3,000.00

306

SOUTH GEORGIA COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Investment

Year

Beginning

Acauired of Year

Additions

Investment End of Deductions Year

B. BUILDINGS (CONT'D) Miscellaneous on Campus (Cont'd) Tobacco Barn Kirkland House Syrup Shed TOTAL BUILDINGS
IMPROVEMENTS OTHER THAN BUILDINGS Heating System Landscaping Lighting System Marble Memorial Fountain Streets and Sidewalks Swimming Pool Campus Bell System Campus Sewer System
TOTAL IMPROVEMENTS
EQUIPMENT Administrative Offices Plant Operations Library Instruction Dromitories Dormitories (Bldg. A.) Dining Hall Gymnasium Farm Co-op President's Home Student Activity Bus Housing Project
TOTAL EQUIPMENT
TOTAL INVESTED IN PLANT

$

300.00 $

3,000.00

$

$

300.00

3,000.00

300.00

300.00

$ 725.034.22 $199.224.28 $ 5.000.00 $ 919.258.50

$ 106,375.06 5,623.91 1,600.00 1,000.00 2,000.00 2,800.00 542.50 271.79 $ 11.827.45
$ 120.213.26 $ 11.827.45

$ 106,375.06 5,623.91 1,600.00 1,000.00 2,000.00 2,800.00 542.50 12.099.24
$ 132.040.71

$ 7,046.67 $

$

9,287.24

21,256.22

47,098.48

23,171.69

2,463.54

13,589.10

1,601.39

18,409.59

1,130.75

8,735.20

1,177.00

2,939.32

740.00

6,910.29

4,000.00

2.232.17

$ 152.710.51 $ 19.078.14

$ 7,046.67 9,287.24
21,256.22 47,098.48 25,635.23 15,190.49 19,540.34
8,735.20 1,177.00 3,679.32 6,910.29 4,000.00 2.232.17 $ 171.788.65

$1.063.957.99 $238.366.37 $58.501.57 $1.243.822.79

307

ABRAHAM

BALDWIN AGRICULTURAL FINANCIAR REPORT

COLLEGE

FOR THE YEAR ENDING JUNE 30, 1954

Abraham Baldwin Agricultural College Tifton, Georgia

I 309

ABRAHAM BALDWIN AGRICULTURAL COLLEGE

BALANCE SHEET June 30, 1954

ASSETS

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

$ 7,172.82 _______311.38
$

7,484.20

B. AUXILIARY Cash in Bank Imprest Cash Inventories (Store & D. Hall) TOTAL AUXILIARY FUNDS

$ 9,257.68 680.00
10.214.10

20.151.78

TOTAL CURRENT FUNDS

$ 27,635,98

II. AGENCY FUNDS Cash in Bank

III.

LOAN FUNDS Cash in Bank Notes Receivable
TOTAL LOAN FUNDS

IV. PLANT FUNDS A. UNEXPENDED Cash in Bank

$ 2,176.06 1.964.20

465.68 4,140.26

$

905.92

B. EXPENDED Land & Improvements Buildings Equipment TOTAL EXPENDED

$ 219,463.52 1,054,052.90 274,780.91

1.548.297.33

TOTAL PLANT FUNDS

$1.549.203.25

TOTAL ASSETS

$1.581.445.17

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $1,705,600.

310

ABRAHAM BALDWIN AGRICULTURAL COLLEGE

BALANCE SHEET June 30, 1954

LIABILITIES

CURRENT LIABILITIES A. GENERAL
Purchase Orders Outstanding Unearned Income Unappropriated Surplus
TOTAL GENERAL

1,000.68
1,828.50 4.655.02
$

7,484.20

B. AUXILIARY Inventory Reserve Unearned Income Reservation Fee Purchase Orders Outstanding Unappropriated Surplus TOTAL AUXILIARY

10,214.10 1,589.98 4,310.00 957.08 3.080.62

20.151.78

TOTAL CURRENT FUNDS
II. AGENCY FUNDS Fund Balance
III. LOAN FUNDS Fund Balance
IV. PLANT FUNDS A. UNEXPENDED Fund Balance

$ 27,635.98 465.68
4,140.26

$

905.92

B. EXPENDED Equity of University System Bldg. Authority Invested in Plant TOTAL EXPENDED

$ 458,604.32 1.089.693.01

1,548.297.33

TOTAL PLANT FUND

1.549.203.25

TOTAL LIABILITIES

$1.581.445.17

311

ABRAHAM BALDWIN AGRICULTURAL COLLEGE

STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Matriculation Summer School Other Fees Clinical TOTAL STUDENT FEES

$ 998.49 24,454.36 2,852.99 14.00 2.080.80

$ 30,400.64

PUBLIC APPROPRIATIONS State of Georgia-Regular

$117,120.00

SALES AND SERVICES Farm Poultry Processing Plant Animal Production TOTAL SALES AND SERVICES

$ 6,277.18 6,700.77 12,376.98 4.334.72

$ 29,689.65

OTHER SOURCES Rents and Property Miscellaneous TOTAL OTHER SOURCES

$ 1,055.00 903.90

$ 1.958.90

TOTAL EDUCATIONAL AND GENERAL

B. AUXILIARY ENTERPRISES BOOKSTORE

$ 11,606.62

DINING HALL

$ 74,770.43

DORMITORIES Weltner Hall Herring Hall Lewis Hall New Girls TOTAL DORMITORIES

$ 5,767.04 5,736.93 4,373.32 4.374.68

$ 20,251.97

VETERAN APARTMENTS

$ 3,564.34

ROOM RESERVATIONS

$ 1.480.00

TOTAL AUXILIARY INCOME

TOTAL CURRENT INCOME

$179,169.19
$111,673.36 $290,842.55

312

ABRAHAM BALDWIN AGRICULTURAL COLLEGE
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

EDUCATIONAL AND GENERAL ADMINISTRATIVE & GENERAL
Business Office Genera1 President's Office Registrar's Office
TOTAL ADMIN. & GEN.
STUDENT WELFARE Dean of Men Dean of Women Health Service TOTAL STUDENT WELFARE
PHYSICAL PLANT
LIBRARY
INSTRUCTIONS Dean's Office Agriculture Arts Home Economics Physical Education Science Summer School TOTAL INSTRUCTION
ORGANIZED ACTIVITIES Farm Poultry Processing Plant Animal Production TOTAL ORGANIZED ACTIVITIES
EXTENSION Short Courses
TOTAL EDUCATIONAL AND GENERAL EXPENDITURES
TRANSFER: To Plant Funds
TOTAL EDUCATIONAL AND GENERAL DISBURSEMENTS

General

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense

Eguipment

$ 9,760.00 8,631.09 8,650.00 3.431.25
$ 30.472.34

$ 9,760.00 1,936.37 8,350.00 3.431.25
$ 23.477.62

$ 6,569.45 300.00
$ 6.869.45

$ 125.27
$ 125.27

$ 400.00 $ 400.00 $

2,410.00

2,410.00

1.579.88

1.358.50

221.38

$ 4.389.88 $ 4.168.50 $ 221.38

$ 28.823.85 $ 11.696.47 $14.500.54

$ 7,566.12 $ 4.764.30 $ 1.456.88

$
$2.626.84 $1,344.94

$ 4,500.00 27,547.11 11,563.41 7,859.75 6,498.64 10,432.33 2.010.00
$ 70.411.24

$ 4,500.00 26,942.90 11,546.30 7,018.13 5,499.60 10,106.70 2.010.00
$ 67.623.63

$ 529.80 17.11 817.85 999.04 118.10
$ 2.481.90

$ 74.41
23.77
207.53
$ 305.71

$ 11,522.38 8,106.24 9,869.67 4.172.73
$ 33.671.02

$ 5,236.87 2,162.34 2,210.21 111.70
$ 9.721.12

$ 5,712.30 5,679.61 7,582.86 3.927.73
$22.902.50

$ 573.21 264.29 76.60 133.30
$1,047.40

$ 9.820.51 $ 4.902.70 $ 4.849.68 $ 68.13

$185.154.96 $126.354.34 $53.282.33 $5,518.29

$ 2.000.00

$187.154.96

ABRAHAM BALDWIN AGRICULTURAL COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

AUXILIARY ENTERPRISES BOOKSTORE
DINING HALL
DORMITORIES Weltner Hall Herring Hall Lewis Hall New Girls TOTAL DORMITORIES
VETERAN APARTMENTS
TOTAL AUXILIARY EXPENDITURES
TOTAL CURRENT EXPENDITURES

General

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense

Eguipment

$ 12.111.13 $ 74.306.66

$ 1.115.60 $ 17.472.89

$ 10.995.53 $ 56.008.84

$ $ 824.93

$ 8,912.36 4,389.73 3,714.23 4.116.06
$ 21.132.38

$ 2,648.16 1,509.52 1,124.85 1.560.91
$ 6.843.44

$ 4,873.78 2,765.72 2,446.45 2.398.19
$ 12.484.14

$1,390.42 114.49 142.93 156.96
$1.804.80

$ 3.250.35 $ 216.38 $ 2.647.66 $ 386.31

$110.800.52 $ 25.648.31 $ 82.136.17 $3,016.04

$297.955.48 $152.002.65 $135.418.50 $8.534.33

STATEMENT OF TRUST FUND BALANCES For Year Ended June 30, 1954
BALANCE OF PRINCIPAL, BEGINNING OF YEAR
ADDITIONS: Gifts iron Private Sources Interest on Notes Receivable
BALANCE OF PRINCIPAL END OF YEAR

LOAN FUNDS $3,069.36
1,060.00 10.90
$4.140.26

STATEMENT OF TRUST FUND BALANCES BY FUNDS For Year Ended June 30, 1954

LOAN FUNDS Ruth F. Wright Susie T. Moore Harry F. Kulbresh Ferrell Jolly Clovis Turk, Sales City Georgia Bankers Scholarship TOTAL FUND BALANCE

Fund Balance

Beginning

Of Year

Additions

Deductions

Fund Balance End Of Year

$ 539.01 1,005.00 1,025.00 500.35
$3.069.36

$

$

10.90

200.00

500.00 360.00 $ 1.070.90 $

$ 539.01 1,015.90 1,225.00 500.35 500.00 360.00
$4.140.26

314

ABRAHAM BALDWIN AGRICULTURAL COLLEGE
STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Student Activity Tabac Coca Cola Machines 0. A. B. Tax Withheld
TOTAL

Cash Balance Receipts

Disbursements Cash Balance

July 1, 1953 For Year_____ For Year_____ June 30. 1954

$ 80.69 54.73
137.61
$273.03

$ 8,222.09 2,785.25 2,893.32 691.21
$14.591.87

$ 8,231.10 2,760.35 2,716.56 291.21
$13. 999.22

$ 71.68 79.63
314.37
$465.68

STATEMENT OF CHANGES IN CASH BALANCE For Year Ended June 30, 1954

Cash Balance Receipts July 1. 1954 For Year

Disbursements Cash Balance

For Year

June 30. 1954

CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS
AGENCY FUNDS
LOAN FUNDS
PLANT FUNDS
TOTAL

$15,158.59 9.064.84
$24.223.43
$ 273.03
$ 1,730.46
$14.724.36
$40,951.28

$179,169.19 111.673.36
$290.842.55

$187,154.96 $ 7,172.82

110.800.52

9.937.68

$297.955.48 $17.110.50

$ 14.591.87 $ 14.399.22 $ 465.68

$ 1,505.90 $ 1,060.30 $ 2.176.06

$ 28.811.60 $ 42.630.04 $ 905.92

$335.751.92 $356.045.04 $20.658.16

The Farmers Bank of Tifton The Bank of Tifton

BANK BALANCE

$10,720.48 9.937.68
$20.658.16

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

Funds For Plant
Additions

BALANCE, BEGINNING OF YEAR
ADDITIONS: Appropriations-State of Georgia City of Tifton Transfer from Educational and General Insurance-Fire Loss TOTAL ADDITIONS

$14,724.36

$ 8,700.00 17.211.60

25,911.60 2 ,0 0 0 .0 0 900.00
$43.535.96

315

ABRAHAM BALDWIN AGRICULTURAL COLLEGE
STATEMENT OF UNEXPENDED PLANT FUNDS (CONTINUED)
DEDUCTIONS: EXPENDED FOR PLANT ADDITIONS
BUILDINGS AND ADDITIONS TO BUILDINGS Weltner Hall Lewis Hall Herring Hall Agricultural Building Processing Plant Library Dining Hall Barn Rotunda TOTAL BUILDINGS & ADDITIONS
IMPROVEMENTS OTHER THAN BUILDINGS Heating System Water System Landscaping-Campus TOTAL IMPROVEMENTS OTHER THAN BUILDINGS
EQUIPMENT Herring Hall Lewis Hall Weltner Hall TOTAL EQUIPMENT
OTHER DEDUCTIONS Expenditures Not Capitalized
TOTAL DEDUCTIONS
BALANCE, END OF YEAR

Funds For Plant Additions

$ 3,354.80 4,342.93 2,095.95 800.26 1,532.29 6.87 188.68 6,286.08 1,913.39

$20,521.25

$ 144.13 20,198.02
228.72

20,570.87

$ 1,047.12 137.80 49.00

1,233.92

304.00 $42,630.04 $ 905.92

SUMMARY OF INVESTMENT IN PLANT As of June 30, 1954

VALUE OF PLANT, July 1, 1953 ADDITIONS DURING YEAR
Expended from Plant Funds Expended from Educ. & Gen. and Incl. in Current Expend. Expended from Aux. Enter. Funds and Incl. in Current Expend. Buildings and Contents constructed by Univ. System. Bldg. Auth. VALUE OF PLANT July 1, 1953, plus Additions

$42,326.04 5,518.29 3,016.04
290.683.53

DEDUCT: Building destroyed by fire

VALUE OF PLANT June 30, 1954 Less Equity of University System Building Authority

NET INVESTMENT IN PLANT

$1,207,753.43
341,543.90 $1,549,297.33
1. 000.00 $1,548,297.33
458.604.32 $1.089.693.01

316

ABRAHAM BALDWIN AGRICULTURAL COLLEGE

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

Year Acquired

Investment Beginning Of Year

Additions

Investment End of Year

A. LAND Campus & Farm Farm TOTAL LAND
BUILDINGS New Girls* Dorm. (Bldg. Auth.) Science Bldg. (Bldg. Auth.) Agr. Eng. Bldg. (Bldg. Auth.) Veterans' Apartments (4) Library Tift Hall-Administration Auditorium-Gymnasium Dining Hall Weltner Hall Lewis Hall Herring Hall Northside Home Economics President's Home Shop No. 1 Shop No. 2 Agriculture Lakeside Processing Plant Storage Log Cabin Poultry Houses Barn Tenant No. 1 Tenant No. 2 Potato House Barn
TOTAL BUILDINGS
OTHER IMPROVEMENTS Heating System Water System Electrical System Sewage Disposal Campus Bell System Fences Ponds Refrigeration System Campu s-La nds cap ing
TOTAL IMPROVEMENTS

1907 1951

$ 10,0 00.00 16.600.00
L_ 26.600.00

$ 10,0 00 .0 0 16.600.00
26.600.00

1953

$ 204,298.31

Under Const.

Under Const.

1948

42,861.79

1938

11,555.40

1907

72,425.94

1938

68,148.77

1938

32,848.52

1936

55,140.25

1907

56,429.99

1907

62,051.85

1948

11,187.50

1941

15,398.94

1915

11,424.21

1935

6 ,0 00 .0 0

1943

3,000.00

1940

33,844.07

1947

23,281.80

1942

42,035.52

1940

500.00

1937

4,325.56

1941

12,566.74

1953

1940

300.00

1943

300.00

1950

564.74

1941

1.000.00

!_ 771.489.90

$ 64,250.20 102,625.16 94,184.74 386.31 6.87 1,913.39 188.68 4,742.60 4,446.70 2,199.72
800.26 1,532.29
6,286.08
(-) 1.000.00 $282.563.00

$ 268,548.51 102,625.16 94,184.74 43,248.10 11,562.27 72,425.94 70,062.16 33,037.20 59,882.85 60,876.69 64,251.57 11,187.50 15,398.94 11,424.21 6 ,0 0 0 .0 0 3,000.00 34,644.33 23,281.80 43,567.81 500.00 4,325.56 12,566.74 6,286.08 300.00 300.00 564.74
$1.054.052.90

1948 1949 1949 1948 1949 1949 1950 1952 1952

$ 85,785.46 $ 144.13 $ 85,929.59

62,053.86 20,198.02

82,251.88

2,043.50

2,043.50

12,690.91

12,690.91

275.00

275.00

100.00

100.00

5,427.52

5,427.52

2,122.62

2,122.62

1.771.28

251.22

2.022.50

!_ 172.270.15 $ 20.593.37 $ 192.863.52

317

ABRAHAM BALDWIN AGRICULTURAL COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

D. EQUIPMENT Tift Hall Administrative Class Rooms Science Labs Log Cabin Library Auditorium-Gymnasium Dining Hall Weltner Hall Herring Hall Lewis Hall Furnishings Home Management Home Economics Building Veterans Apartments Northside Shop No. 1 Shop No. 2 Agriculture Building Lakeside Processing Plant Storage Building Poultry Houses Barn Farm and Campus Automotive (Buses, Trucks etc.) New Girls Dormitory (Bldg. Auth.) TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

Investment Beginning Of Year_______ Additions

Investment End of Year_____

$ 7,861.63 $ 193 .40 $ 8,055.03

865.00

865.00

9,231.22

207 .53

9,438.75

3,857.06

3,857.06

36,562.69

1 ,344,.94

37,907.63

31,392.36

31,392.36

23,551.58

824,.93

24,376.51

6,949.03

51,.62

7,000.65

7,815.98

1 ,057,.84

8,873.82

7,750.67 2,281.81 6,488.24 6,149.98 1,409.69 26,275.09 11,233.00 7,387.16 2,985.10 8,573.25 3,749.00 1,364.71 1,253.98 3,205.15 19,200.00
237.393.38

176,.96 23.,77
I,,197.,39 74.,41 76. 60
264. 29 706. 51 1,406. 95 29,,780. 39 $ 37, 387. 53

7,927.63 2,281.81 6,512.01 6,149.98 1,409.69 27,472.48 11,233.00 7,462.57 2,985.10 8,649.85 3,749.00 1,629.00 1,253.98 3,911.66 20,606.95 29.780.39 274.780.91

l i .207.753.43 $340, 543. 90 $ 1,548.297.33

318

ALBANY STATE COLLEGE FINANCIAL REPORT

FOR THE YEAR ENDING JUNE 30, 1954

Albany State College

^

Albany, Georgia

319

ALBANY STATE COLLEGE

BALANCE SHEET June 30f 1954

ASSETS

* I. CURRENT FUNDS
A. GENERAL

Cash on Hand and in Bank Accounts Receivable
Board of Regents Veterans* Administration Students Others

$ 21,438.39

24,028.26

2,271.51

5,082.93

<

2,408.00

TOTAL GENERAL FUNDS
B. AUXILIARY FUNDS Cash on Hand in Bank Accounts Receivable Stores

$ 55,229.09

> $ 6,544.23

4,190.06

4

1.744.47

TOTAL AUXILIARY ENTERPRISES
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Cash in Bank

12.478.76

$ 67,707.85

*

$ 9.063.48

TOTAL AGENCY FUNDS
III. STUDENT LOAN FUNDS Cash in Bank Student Notes Receivable Other Investments

$ 13,955.56 7,222.96 435.00

9,063.48
i

TOTAL STUDENT LOAN FUNDS
IV. PLANT FUNDS A. UNEXPENDED Cash in Bank
B. EXPENDED Land Buildings Improvements Other Than Buildings Equipment

$ 30,315.19
$ 22,400.00 977,796.57 3,703.27 309.492.85

21,613.52 i
4 4k i

TOTAL EXPENDED

$1,313,392.69

TOTAL PLANT FUNDS TOTAL ASSETS

$1,343,707.88 4
$1,442,092.73

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953--54, buildings had a sound value of $1,367,300.

-

320

-J



ALBANY STATE COLLEGE

BALANCE SHEET June 30, 1954

LIABILITIES

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

$ 3,331.96 8,213.41 8,345.50
35.338.22

TOTAL GENERAL FUNDS

$ 55,229.09

B. AUXILIARY ENTERPRISES Accounts Payable Purchase Orders Outstanding Unearned Income Reserve for Stores Surplus

$ 3,726.47 148.05
4,297.54 1,744.47 2.562.23

TOTAL AUXILIARY ENTERPRISES

12.478.76

TOTAL CURRENT FUNDS

$ 67,707.85

II. AGENCY FUNDS Fund- Balance

9,063.48

III. STUDENT LOAN FUNDS Fund Balance

21,613.52

IV. PLANT FUNDS A. UNEXPENDED Fund Balance

$ 30,315.19

B. EXPENDED Equity of University System Bldg. Auth. Invested in Plant

$499,921.59 813.471.10

TOTAL EXPENDED

1.313.392.69

TOTAL PLANT FUNDS

$1.343.707.88

TOTAL LIABILITIES & SURPLUS

$1.442.092.73

321

ALBANY STATE COLLEGE

STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL STUDENT FEES Matriculation Non-Resident Tuition Health Service Summer School In-Service Classes Other Student Fees
TOTAL STUDENT FEES
GOVERNMENTAL State of Georgia Plus Amount Payable 7/1/53
Less Amount Payable 6/30/54 Dougherty County Board of Education
TOTAL GOVERNMENTAL
OTHER SOURCES Veterans* Allowance Nursery School Property Rentals Cap & Gown Rentals Other Sources
TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL
B. AUXILIARY ENTERPRISES Dining Hall Bookstore Snack Bar Dormitories Davis Hall Gibson Hall Peace Hall McIntosh Hall Boys* Project Post Office Miscellaneous Income
TOTAL AUXILIARY INCOME
TOTAL CURRENT INCOME

$ 41,195.25 1,554.87 4,227.15
15,286.15 2,501.00 2.054.91
$ 66,819.33

$257,280.00 29.851.60
$287,131.60 24.028.26

$263,103.34 16.920.00

280,023.34

$ 384.50 1,851.50 330.78 523.10 823.80
3.913.68
$350.756.35

$ 70,020.68 6,995.69
11,453.37

$ 4,486.58 4,343.06 4,171.70 7,656.37 115.00

,20,772.71 1 200.00 89.96

$110.532.41

$461.288.76

ALBANY STATE COLiFGE
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

17

Object Classification

Operating

Salaries

Supplies

Total

& Waaes

& Expense Eauipment

EDUCATIONAL & GENERAL

ADMINISTRATION AND GENERAL

Business Office General Presidents Office

$ 15,976.09 $ 15,383.21 $ 592.88 $

22,692.25

8,399.60 14,292.65

12,213.36 12,025.84

42.02

145.50

Registrar's Office

10.010.73

9.262.84

333.63

414.26

TOTAL ADMINISTRATIVE & GENERAL

$ 60.892.43 $ 45.071.49 $15.261.18 $ 559.76

*

STUDENT WELFARE

Dean of Students

;;

Dean of Men

Dean of Women

Health Service

TOTAL STUDENT WELFARE

$ 1,814.37 $ 1,650.25 $

831.00

831.00

3,956.86

3,815.86

3.746.41

3.354.96

$ 10.348.64 $ 9.652.07 $

164.12 $
6 .0 0 211.95 382.07 $

135.00 179.50 314.50

1* PLANT OPERATIONS
*k

$ 48.475.03 $ 28.273.67 $17,582.32 $ 2.619.04

LIBRARY '>

$ 14.505.03 $ 8.503.18 $ 2.216.57 $ 3.785.28

INSTRUCTION

Dean of Instruction



Art

Commercial Education

I*

Education

English & Dramatics

Home Economics



Modern Languages

Music

Mathematics

Physical Education

4

Science

Social Science

7r

Summer School

Audio-Visual Aids

\v

Health Education

In-Service

TOTAL INSTRUCTION

$ 2,811.20 4,557.74 6,871.95
55,737.65 15,722.54
4,055.39 5,788.91 13,114.62 10,917.04 7,144.31 14,351.12 17,723.22 30,906.11 1,195.84 1,500.00 1.774.90 $194.172.54

$ 2,679.58 3,699.00 6 ,2 00 .0 0
52,397.11 15,312.14
3,900.00 5,500.00 12,0 00 .0 0 10,917.04 6,600.00 10,064.21 17,584.48 29,838.98
1.500.00 1.774.00 $179.966.54

$ 131.62 782.94 121.95
1,949.86 411.30 138.39 53.60
1,093.02
374.07 1,798.98
138.74 1,067.13
92.55
$ 8.154.15

$ 75.80
550.00 1,390.68
17.00 235.31
21.60
170.24 2,487.93
1,103.29
$ 6.051.85

TOTAL EDUCATIONAL & GENERAL EXPENDITURES

$828,393.67 $271.466.95 $43.596.29 $13.330.43

Transfer To:

^

Plant Funds

8,807,70

TOTAL EDUCATIONAL & GENERAL DISBURSEMENTS

$337,201,37

*
323 : p

ALBANY STATE COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

AUXILIARY ENTERPRISES Dining Hall Bookstore Snack Bar Dormitories Davis Hall Gibson Hall Peace Hall McIntosh Hall Boys* Project Veterans* Housing TOTAL DORMITORIES
Post Office
TOTAL AUXILIARY ENTERPRISES
Transfer To: Board of Regents
TOTAL AUXILIARY DISBURSEMENTS
TOTAL CURRENT EXPENDITURES

Total

Object Classification

Operating

Salaries

Supplies

& Wages

& Expense Equipment

$ 70,140.65 $ 13,929.63 $55,957.07 $

8,356.90

736.25 7,620.65

13,071.02

2,521.90 10,360.32

253.95 188.80

5,764.93

2,298.41 2,737.28

729.24

6,784.58

2,454.45 3,587.64

742.49

5,917.70

2,544.28 2,577.52

795.90

5,854.77

2,062.40 3,789.12

3.25

23.78

23.78

496.83

496.83

$ 24,842.59 $ 9,359.54 $13,212.17 $ 2,270.88

$ 1.095.15 $ 1.056.25 $ 38.90 $117,506.31 $ 27.603.57 $87.189.11 $ 2.713.63

1.562.00 $119,068.31 $445,899.98 $299,070.52 $130,785.40 $16,044.06

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Application Deposits Bus Rentals Class of 1953 (Summer) Class of 1954 Class of 1955 Delta Sigma Theta Sorority Dramatics Faculty Floral Honors Day Hospital Key Deposits Language Arts Festival Practice Teachers* Board Sales Tax Sigma Gamma Rho Sorority Social Science Club Student Activities

Balance

Balance

July 1. 1953 Receipts_____Disbursements June 30, 1954

$ 5,965.00 $ 1,695.00 $

477.50 $ 7,182.50

580.21

74.24

505.97

551.20

551.20

126.16

298.86

425.00

.0 2

53.10

135.75

188.85

150.00

150.00

67.26

97.80

4.00

161.06

22.85

22.85

70.00

450.00

630.00 ( - H 10.00

32.50

32.00

.50

93.00

93.00

2.13

2.13

6,168.50

6,092.70

75.80

346.62

303.80

42.82

26.17

26.17

5.00

5.00

871.89 11,615.75

11,562.67

924.97

324

ALBANY STATE COLLEGE STATEMENT OF AGENCY FUNDS (CONTINUED)

Veterans' Administration Payments Year Book Committee Y. M. C. A. Zeta Phi Beta Sority Athletics Due to Educational & General Due to Auxiliary Enterprises Due to Agency Funds Withholding Tax Teachers' Retirement Social Security Payable Employees' Retirement Equitable Insurance Salary Savings Students' Loans Deducted Other Deductions - Payroll Snack Bar Practice Teaching
TOTAL AGENCY FUNDS

Balance July 1. 1953 Receipts

Balance Disbursements June 30. 1954

$ 6,767.51 $

3.50

2 0 .0 0

25,99

3,135.10

598.50

8,293.54

28.45

23,948.91

$

701.67 10,074.59

371.43

(-) 6.30

118.58

2,932.33

1,982.00

7.50

1,387.95

(0297.85

297.85

438.50

$ 7.989.43 $ 82.264.08 $

6,767.51
25.00 3,135.10
598.50 8,293.54
28.45 23,950.77 10,794.24
371.53 119.98 2,932.33 1,982.00
7.50 1,387.95

$ 3.50
2 0 .0 0
(->1.8 6 (-U7.98
(-) .1 0 (-)7.70

438.50 81.190.03 $9,063.48

STATEMENT OF CHANGES - CASH BALANCES For Year Ended June 30, 1954

CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS
AGENCY FUNDS
LOAN FUNDS
PLANT FUNDS
TOTALS

Balance July 1. 1953 Receipts

Balance Disbursements June 30. 1954

$ 7,883.41 $350,756.35 $ 337,201.37 $21,438.39

15.080.13 110.532.41

119.968.31 6.544.23

E 22.963.54 $461,288.76 $ 456.269.68 $27,982.62

3_ 7.989.43 $ 82.264.08 $ 81.190.03 $ 9.063.48

!_ 12.118.43 $ 5.017.13 $ 3.180.00 $13,955.56

$ 66.523.68 $ 33.907.70 $ 70.116.19 $30,315.19

$ 109.595.08 $582,477.67 $ 610.755.90 $81,316.85

325

ALBANY STATE COLLEGE

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

BALANCE, BEGINNING OF YEAR
ADDITIONS: State Appropriation (Sewerage System) Transfer from General Funds Sale of Veterans' Housing Dougherty County Board of Education (Hazard Practice School)
TOTAL ADDITIONS
DEDUCTIONS: Expended for Plant Additions Buildings & Additions to Buildings Library Caroline Hall Hazard Practice School Davis Hall Peace Hall Gibson Hall Dining Hall Nursery School Student Center

$66,523.68
$20,500.00 8,807.70 400.00
4.200.00 33.907.70
$100,431.38
$ 2,771.83 35,497.79 4.140.95
666.68
3.095.95 3,739.43 1,534.07
299.08 7.437.68

Improvements Other Than Buildings Shrubbery Sewerage System Bus Truck
TOTAL DEDUCTIONS
BALANCE, END OF YEAR

$59,183.46

$ 417.56 1,089.60 7,840.00 1.585.57

10.932.73

70.116.19

$ 30.315.19

SUMMARY OF INVESTMENT IN PLANT As of June 30, 1954

VALUE OF PLANT, JULY 1, 1953

$ 899,483.64

ADDITIONS:

Expended from Plant Funds

$ 70 116.19

Expended from Educational & General and Included in Current Expenditures

^3 330 43

Expended from Auxiliary Funds and Included in Current Expenditures 2^713!63

Building Constructed by University System Building Authority

327 748 80

TOTAL ADDITIONS

'

413.909.05

VALUE OF PLANT, JUNE 30, 1954 Less Equity of University System Building Authority
T INVESTMENT IN PLANT, JUNE 30, 1954

$1,313,392.69 499.921.59
$ 813.471.10

326

ALBANY STATE COLLEGE
STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

A. LAND
B. BUILDINGS McIntosh Hall (Building Authority) Science Building (Building Authority) Health & Physical Education Building (Building Authority) Margaret Hazard Library Caroline Hall Dining Hall Hazard Training School Gibson Hall Peace Hall Davis Hall Boys* Project Cottages (4 Buildings) Nursery School - Farm House N. Y. A. Shop Bath House President's House Garage Laundry Maintenance Shop Student Center (Classroom Building) TOTAL BUILDINGS
C. IMPROVEMENTS OTHER THAN BUILDINGS Landscaping Sewerage System TOTAL IMPROVEMENTS
D. EQUIPMENT Administrative Offices Physical Plant Library Instructional Departments Dining Hall Bookstore Snack Bar Dormitories McIntosh Hall (Building Authority) Physical Education Bldg. (Bldg. Auth.) Post Office Automotive Equipment TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

Investment Beginning Of Year

Additions

$ 22.400.00 $

Investment End Of Deductions Year

$

$ 22.400.00

$187,057.30 $

$

100,704.31

216,706.08

21,000.00

2,771.83

90,74865 35,497.79

70,000.00

1,534.07

42,610.00

4,140.95

43,104.40

3,739.43

57,594.72

3,095.95

34,278.00

666.68

8,000.00

3,000.00

1,200.00

299.08

1,200.00

750.00

12,000.00

315.00

315.00

900.00

27.128.65

7.437.68

$601,201.72 $376,594.85 $

$ 187,057.30 100,704.31
216,707.08 23,771.83
126,246.44 71,534.07 46,750.95 46,843.83 60,690.67 34,944.68 8,000.00 3,000.00 1,499.08 1,200.00 750.00 12,000.00 315,00 315.00 900.00 34.566.33
$ 977.796.57

$ 2,196.11 $ 417.56 $ 1.089.60
$ 2.196.11 $ 1.507.16 $

$ 2,613.67 1.089.60
$ 3.703.27

$ 21,939.91 $ 874.26 $

19,047.55

2,619.04

95,322.21

3,785.28

83,139.42

6,051.85

15,088.65

253.95

243.00

188.80

21,981.35

2,270.88

16,452.37

914.36

9,423.05

471.35

9.425.57

$273,685.81 $ 35.807.04 $

$ 22,814.17 21,666.59 99,107.49 89,191.27 15,342.60 243.00 188.80 24,252.23 17,366.73 9,423.05 471.35 9.425.57
$ 309.492/85

$899,483.64 $413,909.05 _J_________ $1,313,392.69

327

FINANCIAL REPORT
FOR THE YEAR ENDING JUNE 30, 1954
Fort Valley State College Fort Valley Georgia

FORT VALLEY STATE COLLEGE

BALANCE SHEET JUNE 30, 1954

ASSETS

I. CURRENT FUNDS A. GENERAL Cash in Bank Accounts Receivable Due from Endowment Funds TOTAL GENERAL FUNDS

$ 43,015.01 1,027.58
______ 336.86

44,379.45

B. RESTRICTED Cash in Bank Accounts Receivable TOTAL RESTRICTED FUNDS

$ 4,132.67 1.168.09

5,300.76

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

16,734.76 1,894.46 3.027.92

21.657.14

TOTAL CURRENT FUNDS
II. AGENCY FUNDS Cash in Bank
III. ENDOWMENT FUNDS Cash in Bank Due from Jamison Estate Investments U. S. Securities Preferred and Common Stock Fort Valley State College Dormitory University System Bldg. Auth. Bonds TOTAL ENDOWMENT FUNDS
IV. STUDENT LOAN FUNDS Cash in Bank Notes Receivable TOTAL STUDENT LOAN FUNDS
V. PLANT FUNDS A. UNEXPENDED Cash in Bank

40,100.00
12,026.46
9,531.11
2. 000.00

$ 71,337.35
$ 16,242.14
1,026.52 336.86

63.657.57 $ 65,020.95

487.25 45.00

532.25

$ 67,191.43

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

$ 53,288.10 2,064,443.83 86,150.68 544.334.42

2.748.217.03

TOTAL PLANT FUNDS

$2.815.408.46

TOTAL ASSETS

$2.968.541.15

NOTE: Buildings are valued at cost. Based on an appraisal made during 1953-54, buildings had a sound value of $2,657,400.
330

FORT VALLEY STATE COLLEGE

BALANCE SHEET JUNE 30, 1954

LIABILITIES

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

14,918.14 4,998.96
10,618.32 13.844.03

44,379.45

B. RESTRICTED Fund Balance

5,300.76

C. AUXILIARY Accounts Payable Reserve for Inventories Unearned Income Surplus TOTAL AUXILIARY
TOTAL CURRENT FUNDS

6,292.00 3,027.92 8,131.64 4.205.58
$

21.657.14

$ 71,337.35

II. AGENCY FUNDS Fund Balance

$ 16,242.14

III. ENDOWMENT FUNDS Due to General Funds Fund Balance TOTAL ENDOWMENT FUNDS

336.86 64.684.09
$

65,020.95

IV. STUDENT LOAN FUNDS Fund Balance

$

532.25

V . PLANT FUNDS A. UNEXPENDED Fund Balance

$ 67,191.43

B. EXPENDED Due to Endowment Funds Equity of Univ. System Bldg. Auth. Invested in Plant TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL LIABILITIES

$ 9,531.11 1,161,845.92 1,576,840.00

2.748.217.03

$2.815.408.46

$2.968.541.15

331

FORT VALLEY STATE COLLEGE

STATEMENT OF CURRENT INCOME For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL STUDENT FEES Matriculation - Regular Matriculation - Saturday Classes Non-Resident Tuition Summer Session Health Service Other TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia Vocational Funds Morrill-Nelson TOTAL PUBLIC APPROPRIATIONS
ENDOWMENT General Leask TOTAL ENDOWMENT
GIFTS AND GRANTS Research Corp. of America
SALES AND SERVICES Farm
OTHER SOURCES Property Rentals
TOTAL EDUCATIONAL AND GENERAL INCOME
TRANSFERS: From University of Georgia
TOTAL EDUCATIONAL AND GENERAL RECEIPTS
B. AUXILIARY ENTERPRISES CAMPUS STORE
DINING HALL
DORMITORIES Davison Hall Huntington Hall Ohio Hall Jeanes Hall TOTAL DORMITORIES
LAUNDRY
VETERAN HOUSING
TOTAL AUXILIARY ENTERPRISES

General

Restricted

Total

Income________ Income___________Income

$ 61,814.82 $ 6.525.00 5,089.63
23,648.55 6.135.00 3.213.07
$106.426.07 $

$ 61,814.82 6.525.00 5,089.63
23,648.55 6.135.00 3 .213.07
$106.426.07

$339,840.00 $339.840.00

$ 11,756.47
32.236.00 $ 43.992.47

$339,840.00 11,756.47 32.236.00
$383.832.47

$ 1,801.06 $ 544.00
$ 2.345.06 $

$ 1,801.06 544.00
$ 2.345.06

$

$ 3.700.00 $ 3.700.00

$ 24.428.43 $

$ 24.428.43

$ 3.625.77 $476.665.33

$ $ 47,692.47

$ 3.625.77 $524.357.80

1___________ $476.665.33

$ 9.583.95 $ 57.276.42

$ 9.583.95 $533.941.75

$ 18.337.71 $ $141.423.54 $

$ 18.337.71 $141.423.54

$ 12,244.63 4,081.55 6,122.30
18.366.98 $ 40.815.46
$ 11.593.57
$ 3.856.90
$216.027.18

$

$ 12,244.63

4,081.55

6,122.30

18.366.98

$

$ 40.815.46

$

$ 11.593.57

$
_________

$ 3.856.90 $216.027.18

332

FORT VALLEY STATE COLLEGE

STATEMENT OF CURRENT INCOME (CONTINUED)
C. STUDENT AID GIFTS AND GRANTS Allstate Foundation Sears Roebuck & Company TOTAL INCOME FOR STUDENT AID
TOTAL CURRENT INCOME

General Income

Restricted Income __

Total Income

2,500.00 800.00
3.300.00

2,500.00 800.00
$ 3.300.00

$692.692.51 $ 50.992.47 $743.684.98

STATEMENT OF CURRENT EXPENDITURES For Year Ending June 30, 1954

Fund Classification

General

Restricted

A. EDUCATIONAL AND GENERAL

ADMINISTRATIVE AND GENEE \L

Business Office

$ 26,376.67 $

General Administration 24,566.46

President's Office

11,596.23

Registrar's Office

13,242.24

Public Relations

2.461.27

TOTAL ADM. & GEN.

$ 78.242.87 $

Salaries and
Waqes

Operating Supplies & Expense

Eauipment

$ 20,363.50 2,676.50
11,311.00 11,552.50
1.890.00 $ 47.793.50

$ 1,783.62 21,889.96 187.73 633.80 571.27
$ 25.066.38

$ 4,229.55
97.50 1,055.94
$ 5.382.99

STUDENT WELFARE

Dean of Men

$ 1,952.63 $

Dean of Women

3,521.94

Infirmary

7,246.70

Office - Student Persn

2.079.63

TOTAL STUDENT WELF. $ 14.800.90 $

PLANT OPERATIONS

$ 76.961.03 $

LIBRARY

$ 39.247.93 $

$ 1,665.00 3,195.00 5,650.00 1.750.00
$ 12.260.00
$ 37.526.98
$ 13.947.83

$ 287.63 326.94 662.94 189.59
$ 1.467.10
$ 35.020.63
$ 4.816.33

$ 933.76 140.04
$ 1.073.80
$ 4.413.42
$ 20.483.77

INSTRUCTION Administrative Dean Agriculture. Art Business Education Education English Elealth Education Home Economics Languages Music Nursery School Reading Clinic Sciences Social Sciences Summer School
TOTAL INSTRUCTION

$ 9,754.69 28,048.38 3,770.10 7,281.80 24,872.74 18,158.06 11,654.26 18,133.19 3,349.69 16,814.33 852.30 870.85 44,007.78 19,578.61 37.452.35
$244,599.13

$ 24,833.75
5,200.00 2,000.00
6,100.00 $ 38.133.75

$ 9,310.00 40,640.52 3,305.00 6,670.00 23,657.00 22,790.00 10, 515.00 17,937.50 3,300.00 15,083.00
38,161.00 19,094.75 33.360.00 $243.823.77

$ 313.37 6,515.78 423.79 517.78 848.81 551.51 637.73 1,218.85 49.69 1,731.33 852.30 588.98 7,035.17 295.82 4.092.35
$ 25.673.26

$ 131.32 5,725.83 41.31 94.02 366.93 16.55 501.53 976.84
281.87 4,911.61
188.04
$ 13.235.85

333

FORT VALLEY STATE COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

General A. EDUCATIONAL AND GENERAL (Continued)

Restricted

Obiect Classification

Salaries

Operating

and

Supplies

Wages

& Expense

Eauipment

ACTIVITIES RELATED TO INSTR.

Farm

$ 22,897.34 $

EXTENSION In-Service Classes Vocational Education TOTAL EXTENSION

$ 5,925.00 $ 6,152.65
$ 5.925.00 _JL 6.152.65

RESEARCH

Agriculture

$

Research Corp. - Science

Carnegie

TOTAL RESEARCH

$

237.26 237.26

$ 9,128.48
1,655.02 2.271.50 $ 13.055.00

TOTAL EDUCATIONAL AND GEN. $482.911.46 $ 57.341.40

B. AUXILIARY ENTERPRISES CAMPUS STORE

$ 15.885.50 $

DINING HALL

$137.583.58

DORMITORIES Davison Hall Huntington Hall Ohio Hall Jeanes Hall TOTAL DORMITORIES

$ 14,578.15 $ 5,031.39 7,527.45
22.572.79 $ 49.709.78 $

LAUNDRY

$ 7.588.48

VETERANS' HOUSING TOTAL AUXIL. EXPEND.

$ 2.770.83 _ 3 _ $213.538.17

TRANSFERS TO:

Plant Funds Debt Service $ 1,189.76

Plant Funds

10.000.00

TOTAL TRANSFERS

$ 11.189.76

$ 10,085.32
$ 5,925.00 3,665.00
$ 9.590.00
$ 7,375.18 2.508.76
$ 9.883.94 $384.911.34
$ 2.922.47 $ 34.015.26
$ 8,231.11 2,743.70 4,115.56
12.346.66 $ 27.437.03 $ 7.112.38 $ $ 71.487.14

$ 11,817.57
$ 2.487.65
$ 2.487.65
$ 1,753.30 1,655.02
$ 3.408.32 $109.757.24
$ 12.887.52 $102.499.52
$ 6,065.71 2,193.91 3,271.23 9.804.14
$ 21.334.99 $ 476.10 $ 2.770.83 $139.968.96

$ 994.45

$ $

$
$
$ 45 .584.28

3

75.51

$ 1,,068.80

$ 281.33 93.78
140.66 421.99 $ 937.76
$
$
$ 2. 082.07

TOTAL AUXIL. DISB.

$224.727.93

C. STUDENT AID Scholarships
TOTAL CURRENT EXPEND.

3_________

800.00

$696.449.63 $ 58.141.40

$
$456.398.48

$ 800.00 $250.526.20

$
$ 47.666.35

334

FORT VALLEY STATE COLLEGE
STATEMENT OF TRUST FUND BALANCES For Year Ended June 30, 1954

Endowment Funds

Loan Funds

BALANCE OF PRINCIPAL, BEGINNING OF YEAR
ADDITIONS: Gain on Investments Income on Investments TOTAL ADDITIONS
DEDUCTIONS: Transfer to General Funds
BALANCE OF PRINCIPAL, END OF YEAR

$64.575.42 $ 532.25

$ 108.67 2.345.06
$ 2.453.73

$___________

$ 2,345.06 $64.684.09

$ 532.25

STATEMENT OF TRUST FUND BALANCES BY FUND For Year Ended June 30, 1954

Balance Beginning Of Year

Additions

Deductions

Balance End Of Year

ENDOWMENT FUNDS General Fund George Leask Fund TOTAL ENDOWMENT FUNDS

$42,962.99 21.612.43
$64.575.42

$1,909.73 544.00
$2.453.73

$1,801.06 544.00
$2.345.06

$43,071.66 21.612.43
$64.684.09

LOAN FUNDS William Hubbard Fund
TOTAL TRUST FUNDS

$ 532.25 $65.107.67

$ $2.453.73

$ $2.345.06

$ 532.25 $65.2^.34

SUMMARY OF TRUST FUND INVESTMENTS For Year Ended June 30, 1954
ENDOWMENT FUNDS Government Bonds U. S. Treasury, 2-3/4% U. S. Treasury, Series G 24% U. S. Treasury, 2-i4% TOTAL GOVERNMENT BONDS

Book Value Earnings

$ 1,600.00 35,500.00 3.000.00
$40.100.00

$ 44.00 887.50 67.50
$ 999.00

Stocks Borg-Warner Corporation, 50 shares Trust Company of Georgia, 30 shares TOTAL STOCKS

$ 2,276.46 9.750.00
$12.026.46

$ 250.00 659.00
$ 909.00

Other Fort Valley State College Dormitory University System Bldg. Auth. 3% Bonds TOTAL
TOTAL TRUST FUND INVESTMENT

$ 9,531.11 2.000.00
$11.531.11
$63.657.57

$ 437.06 $ 437.06 $2.345.06

335

FORT VALLEY STATE COLLEGE

STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL Science Research Julius Rosenwald Fund Morrill-Nelson Funds Vocational Funds Carnegie Foundation Agriculture Research TOTAL EDUCATIONAL AND GENERAL
B. STUDENT AID Allstate Foundation Sears, Roebuck & Co. TOTAL STUDENT AID
TOTAL RESTRICTED FUNDS

Balance Beginning Of Year

Receipts For Year

Disbursements For Year

Balance End Of Year

$ 300.00 .31
(-)874.16 2,271.50
$1.697.65

$ 3,700.00
32,236.00 11,756.47
9.583.95 $57.276.42

$ 1,655.02
32,236.00 12,050.40
2,271.50 9.128.48 $57.341.40

$ 2,044.98 300.00 .31
(->1,168.09
455.47 $ 1.632.67

$ 1__________

$ 2,500.00 800.00
$ 3.300.00

$1.697.65

$60.576.42

$

$ 2,500.00

800.00

$ 800.00 $ 2.500.00

$58.141.40 $ 4.132.67

STATEMENT OF CHANGES IN CASH BALANCE For Year Ended June 30, 1954

CURRENT FUNDS General Restricted Auxiliary Enterprises TOTAL CURRENT FUNDS
AGENCY FUNDS
PLANT FUNDS
TRUST FUNDS Endowment Loan TOTAL TRUST FUNDS
TOTALS

Cash Balance Receipts July 1. 1953 For Year

Disbursements Cash Balance

For Year

June 30. 1954

$ 49,261.14 1,697.65
25.435.51 $ 76.394.30

$476,665.33 60,576.42
216.027.18 $753.268.93

$482,911.46 58,141.40
224.727.93 $765.780.79

$ 43,015.01 4,132.67
16.734.76 $ 63.882.44

$ 13.679.40 $ 46.098.48 $ 43.535.74 $ 16.242.14

$151.397.09 $ 50.630.48 $134.836.14 $ 67,191.43

$ 2,165.15 $ 487.25
$ 2.652.40 $

752.70 $ 1,891.33 $ 1,026.52 487.25
752.70 $ 1.891.33 $ 1.513.77

$244.123.19 $850.750.59 $946.044.00 $148.829.78
STATEMENT OF AGENCY FUNDS For Year Ended June 30, 'L954

Alumni Association Athletics and Student Activities Faculty Gift Fund Fraternities and Sororities Room Deposits Student Activities Student Deposits
Application Deposits TOTAL

Cash Balance July 1. 1953
$ 804,34 160.43 37.73 519.44 644.90
4,081.48 134.06
7.297.02 $13.679.40

Receipts For Year
$ 23,673.66 315.00 729.05 3,572.30 13,330.85 1,234.00 3.243.62
$46.098.48

Disbursements: Cash Balance

For Year

June 30. 1954

$ 23,313.23 317.75 671.50 3,290.75 12,943.84 1,259.00 1.739.67
$43.535.74

$ 804.34 520.86 34.98 576.99 926.45
4,468.49 109.06
8.800.97 $16.242.14

336

FORT VALLEY STATE COLLEGE

STATEMENT OF OPERATION (F UNEXPENDED PLANT FONDS For Year Ended June 30, 1954

Bd 1etnee July 1. 1953 Receipts

Disbursements___Transfers

Balance June 30. 1954

Academic Building Administration Building

30,000.00

Agricultural Improvements

Davison Hall Davison Hall Equipment Deep Well

129.18 1,894.70

Dining Hall

Dining Hall Equipment Farm Dwellings (2) Home Management House Home Management House Furn.

1,183.13 (->940.74 (->389.68

Huntington Hall

Infirmary

Laundry

Nursery School

Ohio Hall Ohio Hall Equipment Patton Hall

8,325.76 5,053.19

Trade Building

Student Union - Davison

Tennis Courts Water System Landscaping General Purpose Barn Maintenance Warehouse Science Laboratory

38,869.85 (->852.86 (->3,095.33
(->4,955.26
10,000.00

Debt Service Fire Safety Program General Plant Funds
TOTAL

65,819.32 355.83
$ 151.397.09

$ 35,999.58
1,189.76 14.630.90 S51.820.24

$ 2,959.62 2,537.64
30,130.58 1,968.56

(->5,510.64 (->4,587.79
(->3,208.86

$ 2,551.02 32,050.15 5,869.00 1,240.30

129.18

12,080.52 (->10,185.82 (->599.62
842.27 (->8,000.00

599.62 7,157.73

5,033.67 93.95
5,728.22 222.19
1,315.00 3,753.25 1,988.75
4,092.59 17.19
3,688.37 498.62
47,995.55

(->3,850.54 (->1,512.74
(->389.68 (->6,194.00
(->317.72 (->5,556.54 (->4,000.00 (->2,250.00
(->174.24 17.51
(->493.32 (->4,000.00
(->500.00 (->10,586.88

478.05
465.71 95.53
4,241.54 246.75 261.25
8,500.00 943.09 476.13 311.63 1.38
1,461.18

(->852.86

(->3,095.33

(->4,955.26 9,889.60

110.40

1,189.76

$136.025.90

65,819.32

14.8 55.83

130.90

$

$67.191.43

STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

Funds For

Funds For

Plant

Debt

Additions_____ Service

Total

BALANCE, BEGINNING OF YEAR

& 151.397.09 $______________ 151.397.09

ADDITIONS: State of Georgia Fire Loss Recovery Transfer from Auxiliary Funds TOTAL ADDITIONS

$ 4,500.00 $

$ 4,500.00

36,130.48

36,130.48

10.000.00_______1.189.76

11,189.76

$ 50.630.48 $ 1.189.76 $ 51.820.24

337

FORT VALLEY STATE COLLEGE STATEMENT OF UNEXPENDED PLANT FUNDS (CONTINUED)

DEDUCTIONS: EXPENDED FOR PLANT ADDITIONS BUILDINGS AND ADDITIONS Academic Building Administration Building Beef Cattle Barn Davison Hall Farm Dwellings Home Management House Huntington Hall Infirmary Laundry Nursery School Ohio Hall Patton Hall Pountry Building Trades Building TOTAL BUILDINGS
IMPROVEMENTS OTHER THAN BUILDINGS Deep Well Irigation System Tennis Courts Fencing & Pastures Water System TOTAL IMPROVEMENTS
EQUIPMENT Agriculture Dining Hall Science Laboratory TOTAL EQUIPMENT
TOTAL EXPENDED FOR PLANT ADDITIONS
OTHER DEDUCTIONS: Loans repaid to Endowment Funds Interest on Indebtedness TOTAL OTHER DEDUCTIONS
TOTAL DEDUCTIONS
BALANCE, END OF YEAR

Funds For Plant Additions

Funds For Debt Service

Total

$ 2,959.62 $ 2,537.64 1,194.72 5,656.93 5,033.67 93.95 5,728.22 222.19 1,315.00 3,753.25 1,988.75 4,092.59 9,620.50 17.19
$ 44.214.22 $

$ 2,959.62 2,537.64 1,194.72 5,656.93 . 5,033.67 93.95 5,728.22 222.19 1,315.00 3,753.25 1,988.75 4,092.59 9,620.50 17.19
$ 44,214.22

$ 12,080.52 $ 2,433.94 498.62 3,851.69 '
47.995.55 1_ 66.860.32 $

$ 12,080.52 2,433.94 498.62 3,851.69
47.995.55 $ 66,860.32

$ 13,029.73 $ 842.27
9.889.60 1_ 23.761.60
! _ 134.836.14 $

$ 13,029.73 842.27
9.889.60 23.761.60
$ 134,836.14

$

$

$

$

$ 134.836.14 $

$ 67.191.43 $

752.70 $ 437.06
1.189.76 $

752.70 437.06 1.189.76

1.189.76 $ 136.025.90

J L 67.191.43

SUMMARY OF INVESTMENT IN PLANT As of June 30, 1954

VALUE OF PLANT, July 1, 1953

$2,087,735.03

ADDITIONS DURING YEAR Expended from Plant Funds Expended from General Funds and included in Current Expenditures

$ 134,836.14 45,584.28

338

FORT VALLEY STATE COLLEGE

SUMMARY OF INVESTMENT IN PLANT (CONTINUED)
ADDITIONS DURING YEAR (CONT'D) Expended from Auxiliary Funds and Included in Current Expenditures Buildings and Contents Constructed by University System Building Authority
TOTAL ADDITIONS
VALUE OF PLANT JULY 1, 1953, Plus Additions
DEDUCTIONS: Adjustment in value for Prior Years
VALUE OF PLANT JUNE 30, 1954
DEDUCT: Loans Payable to Endowment Funds Equity of University System Building Authority
NET INVESTMENT IN PLANT June 30, 1954

$ 2,082.0 --- 485,904.Bo
$ 668.407.32 $2,756,142.35
7.925.32 $2,748,217.03
* ft! li 1.1611845* 92 $1.171.377.03 $1.576.840.00

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

A. LAND Campus, 97 Acres Farm, 50 Acres Farm, 219.65 Acres Farm 130 Acres Farm, 138.9 Acres Farm, 10 Acres TOTAL LAND

Year Acquired
1895 , 1940
1943 1950 1952 1954

Investment
Beginning Of Year

Addition

Investment
End Of Year

$

9.765.00 $

3.075.00

9.262.00

15,763.40

15,122.70

$ 52.988.10 $

$
300.00 300.00 $

9.765.00 3.075.00 9.262.00 15,763.40 15,122.70
300.00 53.288.10

B. BUILDINGS Academic Agricultural Science (Bldg. Auth.) Band Room Barn, General Purpose Barn, Beef Cattle Barn, Cattle Barn, Dairy Brooder Houses Carnegie Building Davison Hall Demonstration Cottage Demonstration School (Bldg. Auth.) Dining Hall Faculty House No. 1 Faculty House No. 2 Faculty House No. 3 Faculty House, 706 S. Macon Faculty House, 710 S. Macon

1929

$

Under Con.

1915

1953

UnderCon.

1915

1926

1945

1925

1948

1920

1954

1932

1941

1941

1941

1934

1924

120,600.00 $ 3,997.96 $ 269,602.41

250.00

16,903.33

1,194.72

270.00

3,000.00

200.00 27,500.00 221,986.16

2,616.25 5,852.93

1,850.00 208,634.73

50,000.00

1,316.49

2,700.00

2,700.00

3,000.00

4,366.00

3,600.00

124,597.% 269,602.41
250.00 16,903.33
1,194.72 270.00
3,000.00 200.00
30,116.25 227,839.09
1,850.00 208,634.73
51,316.49 2,700.00 2,700.00 3,000.00 4,366.00 3,600.00

339

FORT VALLEY STATE COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

B. BUILDINGS (CONT'D) Farm House No. 1 Farm House No. 2 Farm House No. 3 Farm House No. 4 Farm House No. 5 Farm House No. 6 Feedhouse Field House Garages (2) Home Management House Hunt Library (Bldg. Auth.) Huntington Hall Infirmary Jeanes Hall (Bldg. Auth.) Laundry Laying Houses (2) Nursery School Ohio Hall Patton Hall Post Treatment House Potato House Poultry Building President's Home Shed, Equipment Shed, Miscellaneous Storage Warehouse Trade Building Turkey House Veteran Apartments Buildings Under Construction TOTAL BUILDINGS
C. IMPROVEMENTS OTHER THAN BUILDINGS Deep Well Fencing & Pastures Irrigation System Landscaping Tennis Courts Water System TOTAL IMPROVEMENTS
D. EQUIPMENT Administrative Offices Physical Plant Library Library (Bldg. Auth.) Dormitories Dormitories (Bldg. Auth.) Dining Hall

Year Acquired
1953. 1953 1920 1920 1920 1910 1948 1940 1940 1953 1952 1908 1934 1952 1916 1947 1938 1930 1937 1954 1924 1954 1900 1953 1921 1953 1926 1949 1946

Investment Beginning Of Year

Additions

$

$ 4,925.27

4,925.27

250.00

340.00

486.00

400.00

100.00

500.00

2,635.00

31,440.74 217,956.31

93.95

16,650.00 18,000.00

22,488.38 222.19

498,264.05

553.81

2,900.00

1,315.00

600.00

1,105.00 100,000.00

3,753.25 14,055.59

59,646.81

4,092.59

4,400.00

540.00

9,620.50

15,700.00

752.74

9,867.95

350.00

10,955.26

32,000.00

17.19

400.00

20,000.00

86.527.41 (-)86.527.41 $1.576.272.07 $488.171.76

Investment End Of Year

$

4,925.27

4,925.27

250.00

340.00

486.00

400.00

100.00

500.00

2,635.00

31,534.69

217,956.31

39,138.38

18,222.19

498,817.86

4,215.00

600.00

4,858.25

114,055.59

63,739.40

4,400.00

540.00

9,620.50

16,452.74

9,867.95

350.00

10,955.26

32,017.19

400.00

20,000.00

$ :>.064.443.83

$ 22,017.87 $ 22,017.87

3,851.69

3,851.69

2,433.94

2,433.94

3,852.86

3,852.86

498.62

498.62

53.495.70

53.495.70

$

$ 86.150.68 $ 86.150.68

$ 19,273.36 $ 6,456.79

209,132.49 30,128.55

87,771.29 20,483.77

18,017.10

498.60

35,156.16

5,112.00

35,326.55

6,546.67

20,558.64

1,911.07

$ 25,730.15 239,261.04 108,255.06 18,515.70 40,268.16 41,873.22 22,469.71

340

FORT VALLEY STATE COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Year Accra ired

Investment Beginning Of Year

Additions

Investment End Of Year

D. EQUIPMENT (CONT'D) Demonstration School (Bldg. Auth.) Farm Related Activities Laundry TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

$

$

622.42

31,220.55

14,024.18

223.05

1.795.67

75.51

$ 458.474.86 $ 85.859.56

S2.087.735.03 $ 660.482.00

$

622.42

45,244.73

223.05

1.871.18

$ 544.334.42

2.748.217.03

SAVANNAH STATE COLLEGE FINANCIAL REPORT
FOR THE YEAR ENDING JUNE 30, 1954
Savannah State College Savannah, Georgia
343

SAVANNAH STATE COLLEGE

BALANCE SHEET June 30, 1954

I. CURRENT FUNDS A. GENERAL Cash on Hand and in Bank Accounts Receivable Due from Auxiliary Funds
TOTAL GENERAL FUNDS
B. AUXILIARY Cash on Hand and in Bank Accounts Receivable Stores Investory
TOTAL AUXILIARY
TOTAL CURRENT INCOME
II. AGENCY FUNDS Cash in Bank
TOTAL AGENCY FUNDS
III. P U N T FUNDS A. UNEXPENDED
B. EXPENDED Land Buildings Improvements Other Than Buildings Equipment
TOTAL EXPENDED
TOTAL P U N T FUNDS
TOTAL ASSETS

ASSETS

817.45
.6,262.50
12 000.00
$ 19,079.95

13,003.02 6,676.66 9.627.28
$ 29.306.96
$ 48,386.91

$ 20.358.75

20,358.75

$ 12,301.97

$ 109,296.87 1,737,665.46 398,549.41 398.547.34
$2.644.059.08
$2.656.361.05
$2.725.106.71

NOTE: Buildings are valued at cost. Based on an appriaisal made during 1953-54, buildings had a sound value of $2,253,800.

344

SAVANNAH STATE COLLEGE
BALANCE SHEET June 30, 1954
LIABILITIES

I. CURRENT FUNDS A. GENERAL Accounts Payable Purchase Orders Outstanding Reserved for Unearned Income Surplus
TOTAL GENERAL FUNDS

$ 2,448.37 3,097.42 9,624.88 3.909.28
$ 19,079.95

B. AUXILIARY Accounts Payable Purchase Orders Outstanding Due to General Funds Reserve for Stores Unearned Income Deficit
TOTAL AUXILIARY
TOTAL CURRENT FUNDS

$ 7,420.35 463.00
12,000.00 9,627.28 3,453.60
(-13.657.27
$ 29.306,96
$ 48,386.91

II. AGENCY FUNDS Fund Balance
TOTAL AGENCY FUNDS

$ 20.358.75 $ 20,358.75

III. PLANT FUNDS A. UNEXPENDED Fund Balance

$ 12,301.97

B. EXPENDED Equity of University System Bldg. Authority Due to University of Georgia Invested in Plant
TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL LIABILITIES, SURPLUS AND FUND BALANCES

$ 752,855.59 22,694.64
1.868.508,85
$2.644.059,08
$2.656.361.05
$2.725.106,71

346

SAVANNAH STATE COLLEGE

STATEMENT OF CURRENT INCOME For Year Ended June 30. 1954

A. EDUCATIONAL AND GENERAL STUDENT FEES Non-Resident Tuition Matriculation Health Service Summer Session Fees Other Student Fees

$ 15,794.98

79,485.07

8,037.97

24,048.48

2.099.40



TOTAL STUDENT FEES

$129,465.90

PUBLIC APPROPRIATIONS State of Georgia Plus Amount Payable from Previous Year Chatham County Board of Education Division of General Extension U.S. Post Office

$445,440.00 6.369.46

$461,809.46 13,613.39 3,160.89 250.00

TOTAL GOVERNMENT FUNDS

468,833.74

SALES AND SERVICES

814.78

OTHER SOURCES Property Rentals General and Miscellaneous

$ 4,740.14 1.088.28

TOTAL OTHER SOURCES

5.828.42

TOTAL EDUCATIONAL AND GENERAL INCOME
AUXILIARY ENTERPRISES COLLEGE CENTER

$604,942.84 43,156.73

DINING HALL

95,236.90

DORMITORIES Faculty Cottages Hill Hall Hubert Hall Parsons Hall

$ 615.00 7,579.58
12,530.34 3,238.17

TOTAL DORMITORIES LAUNDRY TOTAL AUXILIARY INCOME TOTAL CURRENT INCOME

23,963.09 9,672.31 172.029.03 $776.971.87

346

SAVANNAH STATE COLLEGE
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1954

A. EDUCATIONAL AND GENERAL ADMINISTRATIVE AND GENERAL Alumni and Public Relations Business Office General Administrative Expense Post Office President's Office Registrar's Office TOTAL ADMINISTRATIVE AND GENERAL
STUDENT WELFARE Director Dean of Women Health Service TOTAL STUDENT WELFARE
PLANT OPERATIONS
LIBRARY
INSTRUCTION Dean of Faculty Arts and Sciences Biology Business Chemistry Economics Education Fine Arts Health & Physical Education Home Economics Industrial Arts Languages & Literature Mathematics &' Physics Social Science Training School Summer School TOTAL INSTRUCTION
EXTENSION
RESEARCH
TOTAL EDUCATIONAL & GENERAL

Total

Object Classification

Operating

Salaries & Waqes

Supplies & Expense

Ecruipment

$ 8,215.52 21,264.92 32,899.50 887.00 15,560.21 13.324.32
S 92.151.47

$ 6,371.89 19,570.63 5,742.72 887.00 12,650.32 10.309.%
S 55.532.52

$ 1,837.83 1,368.79
26,666.69
1,394.49 2.729.36 S 33.997.16

$

5.80

325.50

490.09

1,515.40 285.00
S 2.621.79

$ 9,542.82 $ 7,810.70 $

848.32 $

5,158.44

5,158.44

7.4% . 11

6.470.00

946.80

S 22.197.37 S 19.439.14 S 1.795.12 S

883.80
79.31 963.11

SI16.605.83 S 58.656.23 S 53.829.09 S 4.120.51

S 25.841.32 S 15.020.10 S

620.87 S10.200.35

$ 17,705.37 12,350.71 14,789.71 20,226.36 6^283.37 662.84 29,592.24 15,119.97 16,008.61 25,797.39 45255.61 28,310.41 22,130.60 31i 207.49 18,500.38 37.914.06
S341.855.12

$ 9,%4.08 9,197.29
12,450.00 18,547.22
4,953.80
28,540.00 12,450.00 14,300.00 18,670.00 33,509.23 27,941.67 20,650.00 30,558.00 15,766.00 37.756.25 S295.253.54

$ 7,333.04 2,063.62 1,807.34 401.58 769.57
842.68 1,041.35 1,137.16 2,716.58 9,127.85
368.74 785.42 269.27 610.91 157.81 S 29.432.92

$ 408.25 1,089.80 532.37 1,277.56 560.00 662.84 209.56 1,628.62 571.45 4,410.81 2,618.53
695.18 380.22 2, J.23.47
S17.168.66

S 3.658.29 S 2.620.00 S 1.038.29

S

5.00

S

5.00

S602.314.40 S446.521.53 S120.718.45 S35.074.42

347

SAVANNAH STATE COLLEGE STATEMENT OF CURRENT EXPENDITURES (CONTINUED)

EDUCATIONAL & GENERAL (CONTINUED)
TRANSFER TO: Plant Funds
TOTAL EDUCATIONAL & GENERAL DISBURSEMENTS
AUXILIARY ENTERPRISES COLLEGE CENTER
DINING HALL
DORMITORIES Faculty Cottages Hill Hall Hubert Hall Parsons Hall New Men's Dormitory TOTAL DORMITORIES
LAUNDRY
TOTAL AUXILIARY ENTERPRISES
TRANSFERS TO: Plant Funds
TOTAL AUXILIARY DISBURSEMENTS
TOTAL CURRENT EXPENDITURES

Total

Qb.iect Classification

Operating

Salaries

Supplies

& Wages

& Expense Equipment

$ 33.786.00 $636,100.40

$ 39.126.80 $ 6.592.71 $ 32.312.33 $ 221.76 $ 95.121.54 $ 18.662.05 $ 71.627.43 $ 4.832.06

$ 343.20 $

$ 343.20 $

7,275.86

3,764.12

3,511.74

7,932.34

3,019.09

4,385.25

1,681.02

1,681.02

1.412.00

1.412.00

$ 18.644.42 $ 6.783.21 $ 11.333.21 $

528.00 528.00

$ 8.462.54 $ 6.050.80 $ 2.411.74

$161,355.30 $ 38.088.77 $117,684.71 $ 5.581.82

2.017.00 163.372.30 $799,472.70

STATEMENT OF CHANGES IN CASH BALANCE For Year Ended June 30, 1954

CURRENT FUNDS General Auxiliary TOTAL CURRENT FUNDS
AGENCY FUNDS PLANT FUNDS
TOTALS

Balance

Receipts

July 1. 1953 For Year

Disbursements

Balance June 30. 1954

$ 31,975.01 4.346.29
$ 36.321.30 $ 20.202.45 $ 62.697.16
$119,220.91

$604,942.84 $ 636,100.40 $

817.45

172.029.03

163.372.30

13.003.02

$776,971.87 $ 799.472.70 $ 13.820.47

$ 97.105.78 $ 96.949.48 $ 20.358.75

$ 84.605.00 $ 135.000.19 $ 12.301.97

$958,682.65 $1,031,422.37 $ 46.481.19

348

SAVANNAH STATE COLLEGE BANK BALANCES

Liberty National Bank & Trust Company Educational and General Auxiliary Enterprises Agency Funds Petty Cash TOTAL BANK BALANCES

$12,619.42 12,905.57 20,356.20 600.00
$46.481.19

STATEMENT OF AGENCY FUNDS For Year Ended June 30, 1954

Campus Chest Class Accounts Due From Vocational Rehabilitation Federal Excise Tax Payable Scholarships, Awards and Prizes Student Activities Student Clubs, Organizations, Etc. Student Deposits Sales Tax Payable Social Security Teachers* Retirement
D 1M 1 LtiliiikiU Ailiulim n/yi T a v
TOTALS

Fund Balance Receipts July 1. 1953 For Year

Disburse- Fund Balance

ments

June 30. 1954

$ 961.91 $ 2,000.04 $ 1,418.49 $ 1,543.46

649.66

437.61

160.91

926.36

(-U31.00

132.00 13.22

1.00 11.45

1.77

787.18 7,351.85
943.86

390.00

796.70

26,034.64 30,305.59

3,867.15 2,210.76

380.48 3,080.90 2,600.25

9,243.75

4,219.50 1,638.50 11,824.75

98.94

735.86

834.02

.78

301.90

301.90

(-)5.60 $ 20.202.45

17,906.01 17,906.01 41.369.75 41.364.15
$97,105.78 $96,949.48 $20,358.75

349

SAVANNAH STATE COLLEGE
STATEMENT OF UNEXPENDED PLANT FUNDS For Year Ended June 30, 1954

BALANCE, BEGINNING OF YEAR
ADDITIONS Transfer from Auxiliary Enterprises Transfer from Educational and General From Sale of Land Regents Allotment TOTAL ADDITIONS PLUS BALANCE
DEDUCTIONS Expended for Improvement of Land
Buildings and Additions to Buildings Adams Hall Boggs Hall Building #41 Camilla Hubert Hall College Center Farm Shop and Cannery Fine Arts Building Hammond Hall Herty Hall Hill Hall Infirmary Masonry Building Meldrim Hall Morgan Hall Paint Shop Powell Laboratory School White Hall Wilcox Hall TOTAL BUILDINGS & ADDITIONS TO BUILDINGS
Improvements Other Than Buildings Development of Athletic Plant Lighting System Water System TOTAL IMPROVEMENTS OTHER THAN BUILDINGS
Indebtedness Retired & Other Deductions Payment to University of Georgia
Other Expenditures Not Capitalized Interest on Indebtedness
TOTAL DEDUCTIONS
BALANCE, END OF YEAR

Funds For Plant Additions

Funds For Debt Service Total

$ 62.697.16 _ $

$ 62.697.16

$ 33,786.00 16,025.00 34.794.00
$147,302.16

$2,017.00 $2,017.00

$ 2,017.00 33,786.00 16,025.00 34.794.00
$149,319.16

$ 1.639.96

$ 1.639.96

$ 1,764.98 2,475.00 55.30 8,840.12 1,318.21 649.89 681.20
19,492.93 257.00
6,672.27 661.83 664.64
42,587.83 781.22 580.34 820.25 498.72
1.380.37 $ 90.182.10

$ 1,764.98 2,475.00 55.30 8,840.12 1,318.21 649.89 681.20
19,492.93 257.00
6,672.27 661.83 664.64
42,587.83 781.22 580.34 820.25 498.72
1.380.37 $ 90.182.10

$ 900.32 349.94
41.927.87 $ 43.178.13

$ 900.32 349.94
41.927.87 $ 43.178.13

$

$

$

1.259.46

1.259.46

$ 757.54 $ 757.54

$135,000.19 $2,017.00 $137,017.19

$ 12.301.97

$ 12.301.97

350

SAVANNAH STATE COLLEGE
SUMMARY OF INVESTMENT IN PLANT As of June 30, 1954
VALUE OF PLANT, JULY 1, 1953
ADDITIONS DURING YEAR Expended from Plant Funds Expended from Educational & General Funds and Included in Current Expenditures Expended from Auxiliary Funds and Included in Current Expenditures Buildings and Contents Constructed by University System Building Authority
TOTAL ADDITIONS
VALUE OF PLANT, PLUS ADDITIONS, JUNE 30, 1954
DEDUCTIONS DURING YEAR Sale of Land Buildings Demolished Barbecue Pit Boggs Hall Creamery & Dairy Laboratory Incubator Houses (5) Shoe Shop Inventory Adjustments
TOTAL DEDUCTIONS
VALUE OF PLANT, JUNE 30, 1954
DEDUCT Equity of University System Building Authority Loans Payable, University of Georgia
INVESTMENT IN PLANT, JUNE 30, 1954

$1,795,922.93

$135,000.19 45,304.42 5,581.82
725.441.99 911.328.42
$2,707,251.35

$ 16,025.00
650.00 12,879.74
4,000.00 4.710.00
.4 100.00
20.827.53
63.192.27
$2,644,059.08

$752,855.59 22.694,64

775.550.23

$1.868.508.85

A. LAND Campus Off Campus TOTAL LAND
B. BUILDINGS Adams Hall Band Stand Barbecue Pit

STATEMENT OF INVESTMENT IN PLANT For Year Ended June 30, 1954

Investment

Year

Beginning

Acquired Of Year

Additions

< Deductions

Investment
End Of Year

1890

$ 122,935.41 $ 1,639.96 $16,025.00 $ 108,550.37 _______746.50____________________ ______________ 746.50 $ 123.681.91 $ 1.639.96 $16,025.00 $ 109.296.87

1932 1941

$ 70,209.48 $ 1,764.98 $

$ 71,974.46

600.00

600.00

650.00

650.00

351

SAVANNAH STATE COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Investment

Year

Beginning

Acauired Of Year

Additions

Deductions

Investment End Of Year

BUILDINGS (CONTINUED) Boggs Hall Building #41 Camilla Hubert Hall College Center Concession Stand Cottage #1 Cottage #2 Cottage #3 Cottage #4 Cottage #5 Cottage #6 Cottage #7 Cottage #8 Cottage #9 Creamery & Dairy Lavoratory Central Heating Plant (Bldg.
Authority) Farm Shop & Cannery Field House Fine Arts Building Garage Hammond Hall Herty Hall Hill Hall Hodge Hall Incubator Houses (5) Infirmary Information House Maintenance Shop Masonry Shop Meldrim Hall Mens Dormitory (Bldg. Auth.) Morgan Hall Paint Shop Parsons Hall Powell Laboratory School Physical Education Building
(Bldg. Auth.) Shoe Shop Storage Houses (3) Maint. Trades Building White Hall Wilcox Hall
TOTAL BUILDINGS

1890 1952 1937 1947 1951 1903 1908 1908 1931 1932 1908 1908 1936 1951 1914
1954 1938 1938 1947
1908 1938 1905 1938 1938 1947 1938 1921 1939 1923 1954 1936 1938 1890 1935
1954 1920 1939 1945 1951 1934

$ 10,404.74 $ 2,475.00 $ 12,879,74 $

15,173.63

55.30

15,228.93

145,901.01

8,840.12

154,741.13

11,706.44

1,318.21

13,024.65

1,750.00

1,750.00

7,000.00

7,000.00

6,200.00

6,200.00

7,850.00

7,850.00

3,750.00

3,750.00

8,900.00

8,900.00

7,923.20

7,923.20

8,875.00

8,875.00

6,050.00

6,050.00

7,000.00

7,000.00

4,000.00

4,000.00

19,499.22 5,270.00
21,315.39 500.00
11,336.82 73,314.83 152,929.10 13,374.46
4,710.00 19,222:94
650.00 8,580.00 4,709.26 124,677.66
52,980.80 4,749.88
56,223.19 20,197.79

129,000.00 649.89
681.20
19,492.93 257.00
7,572.27 500.00
661.83
600.00 664.64 42,587.83 351,925.81 781.22 580.34 900.00 820.25

4,710.00

129,000.00 20,149.11 5,270.00 21,996.59 500.00 30,828.75 73,571.83
160,501.37 13,874.46
19,884.77 650.00
9,180.00 5,373.90 167,265.49 351,925.81 53,762.02 5,330.22 57,123.19 21,018.04

4,100.00 1,500.00 30,570.13 40,980.74 91.199.95 $1.086.534.66

102,862.63
600.00
498.72 1.380.37 $677.470.54

4,100.00 $ 26.339.74

102,862.63
2,100.00 30,570.13 41,479.46 92.580.32 $1.737.665.46

IMPROVEMENTS OTHER THAN BUILDINGS Campus Lighting System Development of Athletic Area Sewage Disposal System
(Bldg. Auth.)

$ 55,540.00 $ 3,349.94 $

13,756.86

3,630.32

65,245.35 106,887.42

$ 58,889.94 17,387.18
172,132.77

352

SAVANNAH STATE COLLEGE STATEMENT OF INVESTMENT IN PLANT (CONTINUED)

Inve s t m e n t I n v e s t m e n t

Year

Beginning

Acquired Of Year

Additions

;nd Deductions Year

C. IMPROVEMENTS OTHER THAN BUILDINGS (CONTINUED) Steam Distribution Lines Heating System (Bldg. Auth.) Streets & Sidewalks Telephone System Water System TOTAL IMPROVEMENTS
D. EQUIPMENT Administrative Offices Personnel Services Physical Plant Library Instructional Department Extension College Inn Dining Hall Dormitories Faculty Dwellings Laundry TOTAL EQUIPMENT
TOTAL INVESTMENT IN PLANT

$ 18,539.51 $

$

34,766.13

35,000.00

200.00

800.00

18.106.01 42.727.87

$ 206.987.73 S191.561.68 $

$ 18,539.51 34,766.13 35,200.00
800.00 60.833.88
JL 398.549.41

$ 20,631.79 6,114.77
58671.64 82'972.51 147^015.41
'966.50 6,662.64 15^094.51 17,168.43 7,599.15 15!821.28 $ 378.718.63
$1 .795.922.93

$ 2,858.53 963.11
4,120.51 10,200.35 17,168.66
1,946.81 4,832.06
679.17 1,021.33
$ 43.790.53
S914.462.71

$

$ 23,490.32

327. 55

6,750.33

2, 464. 32
11. 565. 06 6,,314. 01

60,327.83 81,607.80 157,870.06
966.50

8,609.45

3,,144. 89

16,781.68 17,847.60

8.Q20.48

145,,99

15.675.29

JL $ 23,,961..82

398.547.34

$2 $ 66 ,326,.56 L 644.059.08

353