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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 
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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