Annual financial report, University System of Georgia, for the year ended June 30, 1961

ANNUAL FINANCIAL REPORT UNIVERSITY SYSTEM OF GEORGIA
For th Year Ended June 30, 1961
Regents of th University System of Georgia 244 Washington Street, S. W. Atlanta

BOUND BY THE NATIONAL LIBRARY BINDERY CO. OF GA.

BOUND BY THE NATIONAL LIBRARY BINDERY CO. OF GA.

MEMBERS OF THE BOARD OF REGENTS OF THE
UNIVERSITY SYSTEM OF GEORGIA
June 30, 1961

Term Expires

Robert 0. Arnold

Covington

1963

Linton D. Baggs, Jr.

Macon

1964

:

Morris M. Bryan, Jr.

Jefferson

1966

Howard H. Callaway

Pine Mountain

1965

W. Roscoe Coleman

Augusta

1965

Jesse Draper

Atlanta

1968

James A. Dunlap

Gainesville

1967

James D. Gould

Brunswick

1964

Roy V. Harris

Augusta

1967

James C. Owen, Jr.

Griffin

1963

John I. Spooner

Donalsonville

1968

Carey Williams

Greensboro

1962

:

Everett Williams

Allen Woodall

Statesboro Columbus

1962 1964

Ernest L. Wright

Rome

1966

Officers of the Board of Regents

Robert 0. Arnold . . . ............................... Chairman

Everett Williams . . ............................. Vice Chairman

Harmon W. Caldwell . ..................

Chancellor

Arthur M. Gignilliat ............ Adm. Asst, to the Chancellor

John E. Sims*. . . . .............. Assistant to the Chancellor

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

L. R. Siebert. . . . .......... ............ Executive Secretary

James A. Blissit . . ...................... . . . . .Treasurer

John R. Hills. . . . .......... Director, Testing and Guidance

Harry S. Downs . . . . Associate Director, Testing and Guidance

*0n Leave

UNIV5 ^ ?
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LIBRARIES GEORGE

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

Robert 0. Arnold Linton D. Baggs, Jr. Morris M. Bryan, Jr. Howard H. Callaway W. Roscoe Coleman Jesse Draper James A. Dunlap James D. Gould Roy V. Harris James C. Owen, Jr. John I. Spooner Carey Williams Everett Williams Allen Woodall Ernest L. Wright

Covington Macon Jefferson Pine Mountain Augusta Atlanta Gainesville Brunswick Augusta Griffin Donaisonvilie Greensboro Statesboro Columbus Rome

Term Expires
1963 1964 1966 1965 1965 1968 1967 1964 1967 1963 1968 1962 1962 1964 1966

Officers of the Board of Regents

Robert 0. Arnold ....................................... Chairman

Everett W i l l i a m s ................................. Vice Chairman

Harmon W. C a l d w e l l ......................

Chancellor

Arthur M. Gignilliat ............ Adm. Asst, to the Chancellor

John E. Sims*. .......... ..

.Assistant to the Chancellor

J. H. D e w b e r r y ........ Director, Plant and Business Operations

L. R. Siebert............................... Executive Secretary

James A. B l i s s i t ..................................... Treasurer

John R. Hills.................. Director, Testing and Guidance

Harry S. Downs . . . . Associate Director, Testing and Guidance

*0n Leave

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TABLE OF CONTENTS (CONTINUED)

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

477-492

Fort Valley State College, Fort Valley. ..................... .. . . . . | . 493-510

Savannah State College, Savannah.......... .............................. .. 511-524

REGEN TS OF TH E U N IVERSITY SYSTEM DF GEO RGIA
2 4 4 W A SH IN GTO N S T R E E T , S.W . A TLA N TA
Chancellor Hannon W. Caldwell University System of Georgia Dear Chancellor Caldwell: 1 am submitting herewith the Annual Financial Report of the University System of Georgia for the fiscal year ended June 30, 1961. This represents the fourteenth annual report that has been compiled to report the financial operations of the University System. These reports are intended to form a comprehensive and permanent record of the financial operations of the System for the periods covered, for the information and reference of all persons concerned or interested. You will find a summary of the principal items of interest in this report on the following pages. The remainder of the report covers the detailed operations of the institutions comprising the University System.
James A. Blissit, Treasurer October 20, 1961
7

SUMMARY

Scope of Report

The annual report contained herein reflects the financial operations of the University System for the fiscal year ended June 30, 1961. This report has been prepared generally in accordance with the recommendations of the National Committee on the Preparation of a Manual on College and University Business Administration. All statements and schedules have been prepared on a cash receipts and disbursements basis with the exception of the balance sheet and statements of surplus which were prepared on a modified accrual basis.

State Appropriation - $30.201.667.

The General Appropriation Act of 1956 continued in effect for 1960-61, providing funds to the University System in the amount of $20,100,000. Included in this amount was a specific appropriation of $3,000,000 for the operation of the Eugene Talmadge Memorial Hospital as a teaching hospital for the Medical College of Georgia. The amount received under the General Appropriation Act of 1956 was supplemented by special appropriations approved by the Budget Bureau totaling $7,325,000. An amendment to the General Appropriation Act of 1956 was passed in 1960 providing for a supplemental appropriation of $3,550,000 for 1960-61. However, a part of this appropriation for capital outlay was lapsed by the Budget Bureau and only $2,776,667 was actually received. The amounts received under the General Appropriation Act, the amendment thereto, and from special appropriations approved by the Budget Bureau were as follows:

General Appropriation Act of 1956

University System

$17,100,000

Eugene Talmadge Memorial Hospital

3,000,000

Special Appropriations Approved by Budget Bureau

for 1957-58 Continued

General Operations

Special Appropriations Approved by Budget Bureau

for 1958-59 Continued

General Operations

Special Appropriations Approved by Budget Bureau

for 1959-60 Continued

General Operations

Amendment to General Appropriation Act General Operations

$ 2, 000,000

Capital Outlay

$1,000,000

Less: Amount Lapsed

773,333

226,667

Marketing of Farm Products

50,000

Talmadge Memorial Hospital

500,000

Special Appropriation Approved by Budget Bureau

for 1960-61

Georgia Tech - Industrial Development

$20, 100,000 2 ,00 0,0 0 0
3.400.000 1.875.000
2,776,667 50,000

Total State Appropriation

$30.201.667

The total State Appropriation as set forth above was $2,766,667 greater than the amount received for the previous year.

8

The Regents Allotment Account had a balance at the beginning of the year of $1,331,884. During the year this balance was increased by the State Appropriation of $30,201,667 plus an amount of $71,413 interest earned on temporary investments, making a total amount available for allocations of $31,604,964. Of this amount, the Board of Regents allocated a total of $30,158,125, leaving an unallocated balance at June 30, 1961, of $1,446,839. The allocations made by the Board of Regents were as follows:

For Educational and General Purposes For Plant Additions and Improvements For Student Aid For Other Purposes

$26,398,500 3,404,625 347,000
______ 8,000

Total Allocations

$30.158.125

Income for Current Operations and Plant Purposes.

The University System received income during the year for current and plant purposes in the amount of $65,072,971. The general sources of income are set forth below in comparison with income received from similar sources during the previous year.

Source

1959-60

1960-61 Increase or (Decrease)

State Appropriation Internal Income
For Educational and General Purposes For Auxiliary Enterprise Operations For Plant Additions and Improvements For Student Aid

$27,435,000 $30,201,667

20,808,345 9,529,861 2,297,172 589,584

22,876,619 10,285,579
1,083,228 625.878

$ 2,766,667
2,068,274 755,718
(1,213,944) 36.294

Total Income

$60,659,962 $65,072,971

$ 4.413.009

Expenditures.

The expenditures for current operations and plant additions and improvements during 1960-61 are compared below with the expenditures for the previous year.

Expenditures

1959-60

1960-61 Increase or (Decrease)

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

$42,334,551 7,825,360 9,447,278 883.068

$47,119,828 8,572,881 9,655,098 896.466

$ 4,785,277 747,521 207,820 13.398

Total Expenditures

$60,490,257 $66,244,273

$ 5.754.016

Investment of Idle Funds Yielded $755,963.

The University System continued its practice of temporarily investing operating and plant funds in excess of current operating needs. During the year the month end balances of current and plant funds averaged $25,103,000. Of this amount 77.1%, or $19,349,000, was invested in short term obligations of the United States or bank time deposits. The amount of interest collected during the year was $755,963 or 3.01% of the total funds available. This amount of

9

interest collected was $76,176 greater than the $679,787 collected during the previous year. As of June 30, 1961, a total of $18,073,000 in operating and plant funds was temporarily invested. Of this amount, $4,808,000 was invested in U. S. Treasury Obligations and $13,265,000 in bank time deposits.

Income for Educational and General Purposes.

The income for Educational and General purposes is compared in the summary below with income for the previous year.

Source

1959-60

Amount

%

1960-61

Amount

%

Increase or (Decrease)

Amount

7.

Student Fees Matriculation Non-Resident Tuition Summer Session Other Fees Total Fees
Gifts, Grants, and Endowment Governmental Other Than State
Appropriation Sales and Services Other Sources
Total Internal Income State Appropriation

$ 4,807,388 1,256,624 847,540 267,999
$ 7,179.551 $ 3,370,625

10.8 2.8 1.9 0.6
16.1 7.6

$ 5,102,704 1,347,204 823,899 340,862
$ 7,614,669 $ 4,380,453

10.4 2.7 1.7 0.7
15.5 8.9

$ 295,316 90,580
(23,641) 72,863
$ 435,118 $ 1,009,828

4,858,096 5,171,762
228,311 $20,808,345
23,792,973

10.9 11.6
0.5 46.7 53.3

4,908,348 5,722,973
250,176 $22,876,619
26,398.500

9.9 11.6
0.5 46.4 53.6

50,252 551,211
21,865 $ 2,068,274
2,605,527

6.1 7.2 (2.8) 27.2 6.1 30.0
1.0 10.7
9.6 9.9 11.0

Total Income

$44,601,318 100.0 $49,275,119 100.0 $ 4.673.801

10.5

Educational and General Expenditures.

The expenditures for Educational and General purposes amounted to $47,119,828 for the year. These expenditures are compared by function in the following table with those for the previous year.

Function

1959-60

Amount

7.

1960-61

Amount

7,

Increase or (Decrease)

Amount

7.

Administration

$ 2,176,006

General

1,735,568

Student Welfare

584,079

Plant Operations

3,679,016

Library

1,379,861

Instruction

14,154,462

Activities Related to Instructioni 3,692,768

Organized Research

8,618,063

Agricultural Extension

5,044,318

General Extension

1,270,410

5.1 4.1 1.4 8.7 3.3 33.4 8.7 20.4 11.9 3.0

$ 2,439,459 1,853,452 646,075 4,265,780 1,500,323
15,411,945 4,215,187 9,858,429 5,359,437 1,569,741

5.2 3.9 1.4 9.1 3.2 32.7 8.9 20.9 11.4 3.3

$ 263,453 117,884 61,996 586,764 120,462
1,257,483 522,419
1,240,366 315,119 299,331

12.1 6.8
10.6 15.9
8.7 8.9 14.1 14.4 6.2 23.6

Total

$42.334.551 100.0

100.0 $ 4.785.277

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Educational and General Surplus.

The University System ended the year with an Educational and General Surplus of $5,579,615, an increase of $397,232 over the surplus at June 30, 1960. On an accrual basis as set forth in the Statement of Surplus to be found later in this report, income exceeded expenditures by $1,962,440. Other additions to surplus included an increase in the Regents Allotment Account of $43,541 and a transfer from Auxiliary Funds of $135,385; making total additions to surplus of $2,141,366. Surplus was reduced by an increase in Surplus Reserves of $473,452 and transfers to Plant Funds amounting to $1,270,682.

The following summary of the Educational and General section of the Balance Sheet is given in comparison with the assets and liabilities at June 30, 1960.

Assets

June 30, 1960 June 30, 1961 Increase or (Decrease)

Cash and Temporary Investments Accounts Receivable Stores (Inventories) Other Assets

$ 8,834,778 $ 9,974,725

918,175

876,911

449,496

485,228

14,580

12,000

$1,139,947 (41,264) 35,732 (2,580)

Total Assets

$ 10.217.029 $ 11.348.864

$1.131.835

Liabilities and Surplus
Accounts Payable Purchase Orders Outstanding Unearned Income Restricted Fund Balances Reserve for Stores Other Reserves Unappropriated Surplus
Total Liabilities and Surplus
Auxiliary Enterprise Operations.

June 30, 1960 June 30, 1961 Increase or (Decrease)

$

79,428 $

125,402

454,925

324,486

782,161

996,014

2,590,197

2,997,159

601,485

626,122

526,450

700,066

5,182,383

5,579.615

$ 45,974 (130,439) 213,853 406,962 24,637 173,616 397,232

10.217.029 $ 11.348.864

$1.131.835

The income and expenditures of Auxiliary Enterprise Operations during the year are set forth below in comparison with the previous year.

Income

1959-60

1960-61 Increase or (Decrease)

Dormitories Dining Halls Student Centers and Bookstores Apartments and Dwelling Units Other Activities
Total Income

$2,138,703 3,234,662 2,462,918 365,663 1.327.915

$ 2,249,207 3,531,648 2,706,661 362,731 1.435.332

$9.529.861 $10.285.579

$110,504 296,986 243,743 (2,932) 107.417
$755.718

11

Expenditures

1959-60

1960-61 Increase or (Decrease)

Dormitories Dining Halls Student Centers and Bookstores Apartments and Dwelling Units Other Activities

$1,317,090 2,809,490 2,358,009 242,622 1.098.149

$ 1,457,460 3,056,016 2,596,697 239,869 1.222.839

$140,370 246,526 238,688 (2,753) 124.690

Total Expenditures

$7.825.360 $ 8.572.881

$747.521

The comparisons set forth above are made on a cash receipts and disbursements basis. As reflected in the Statement of Surplus found later in this report, the income from operations exceeded expenditures by $1,362,256 after making provision for additions to the Replacement Reserve of $411,745. The net income for operations plus a decrease in surplus reserves of $54,037 provided additions to surplus of $1,416,293. Surplus was reduced to provide funds for debt service of $644,796; transfers to Plant Funds of $119,276 and transfers to General Funds of $135,385.

The above changes resulted in an increase in Auxiliary Enterprise Surplus from $1,007,019 at June 30, 1960, to $1,523,855 at June 30, 1961.

Student Aid.

Income received for Student Aid during the year amounted to $972,878. Of this amount $347,000 was allocated by the Board of Regents from the State Appropriation; $275,000 for scholarships for Negro students attending institutions other than units of the University System; and $72,000 for the Southern Regional Education Board.

Listed below are the sources from which income was received and the purposes for which funds were expended as compared with the previous year.

Income
Endowment Income Gifts and Grants State of Georgia

1959-60 1960-61 Increase or (Decrease)

$ 64,672 $ 59,224 524,912 566,654 340,000 347,000

$(5,448) 41,742 7.000

Total Income

$929,584 $972,878

$43,294

Expenditures

Fellowships Scholarships Other

$ 74,756 747,411 60,901

$ 81,698 739,809 74.959

$ 6,942 (7,602) 14,058

Total Expenditures

$883,068 $896,466

$13,398

Agency Funds.

The University System held Agency Funds at June 30, 1961, having total fund balances of $2,261,388. This was composed of funds received and held by various units as custodians, and consisted for the most part of unexpended student activity fees, funds of student organiza tions, and funds deposited with the institutions by students for safekeeping.

Endowment Funds.

The University System held Endowment Fund Assets at the end of the year in the amount of $4,771,257 which was $152,659 greater than the assets held at the end of the previous year. The assets held at June 30, 1961, were composed of cash in the amount of $152,625 and investments totaling $4,618,632. Listed below is a summary of investments at June 30, 1961, as compared with investments at the close of the previous year.

Type of Investment

June 30, 1960 Junei 30, 1961 Increase or (Deci

U. S. Government Bonds

$

State and Municipal Bonds

University System Building Authority

Bonds

Georgia State School Building Authority

Bonds

Georgia Institute of Technology Revenue

Bonds

Corporate and Other Bonds

Preferred and Common Stock

Real Estate

Real Estate Mortgages

University System Buildings

Other Investments

574,590 $ 100,000
1,912,499
536,000
130,000 7,750
101,647 91,516 9,450
1,001,590 23,554

705,190 100,000
1,929,499
536,000
218,000 7,750
130,776 91,516 7,400
869,861 22,640

$ 130,600
17,000
88,000 29,129 (2,050) (131,729)
(914)

Total Investments

$ 4.488.596 $ 4.618.632

$ 130.036

Student Loan Funds.

The total assets of Student Loan Funds amounted to $2,687,290 at June 30, 1961, as compared with assets of $2,042,400 at the beginning of the year. These assets consisted of cash in the amount of $282,885; student notes receivable of $1,748,802; and investments totaling $655,603. The investments as compared with those at the close of the previous year were as follows:

Type of Investment

June 30. 1960 June 30, 1961 Increase or (Decri

U. S. Government Bonds

$

University System Building Authority

Bonds

Georgia State School Building Authority

Bonds

Georgia Institute of Technology Revenue

Bonds

Real Estate Mortgages

University System Buildings

Other Investments

87,294 $
154,429
94,000
10,000 40,201 221,429 15,852

156,018
141,429
94,000
73,000 17,469 169,872
3,815

$ 68,724 (13,000)
63,000 (22,732) (51,557) (12,037)

Total Investments

___ 623.205 $

Income for Plant Additions and Improvements.

655.603

$ 32,398

During the year, income was received in the amount of $4,487,854 for plant purposes income by sources is compared in the following summary with income received during 1959-60.

13

Source

1959-60

1960-61 Increase or (Decrease)

State Appropriation Gifts and Grants Governmental Other Than State Appropriation Interest on Investments Other Sources

$3,169,748 1,283,000 329,400 592,392 92,380

$3,404,625 397,560 150,004 456,812 78,853

$ 234,877 (885,440) (179,396) (135,580) (13,527)

Total Income

$5.466.920 $4.487.854

$(979.066^

In addition to the income as set forth above, Plant Fund Accounts had other receipts totaling $3,463,484. Of this amount $1,270,682 was transferred from Educational and General Surplus; $1,449,125 was transferred from Auxiliary Enterprise Funds; $92,267 was borrowed from Trust Funds; and $651,410 was transferred from institutions for additions to the Insurance and Hazard Fund.

Plant Fund Expenditures.

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

Expenditures For:

1959-60

1960-61 Increase or (Decrease)

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

$ 714,636 4,396,098 225,827 555,184 502,798 2,826,455 226,280

$ 321,975 4,169,204 389,697 752,134 441,364 3,058,710 522,014

$(392,661) (226,894) 163,870 196,950 (61,434) 232,255 295,734

Total Expenditures

$9.447.278 $9.655.098

$ 207.820

To obtain a complete picture of plant additions, it is necessary to look at the activ ities 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, which was activated in 1950, issues bonds, using the proceeds for the construction of buildings on the campus of units of the University System; and upon completion, leases the buildings to the University System. As of June 30, 1960, the Authority had issued bonds totaling $54,377,000, of which $46,531,000 were outstanding at the close of the year. Funds were held in the Sinking and Reserve Fund Accounts of the Authority on that date in the amount of $3,120,720 for future debt service requirements. Seventy-two projects had been completed or were under construction as of June 30, 1961, with total expenditures as of that date having amounted to $42,282,453. Of the total amount expended by the Authority for construction, $6,316,161 was expended during 1960-61 on seventeen projects under construction. The Authority held funds at June 30, 1961, in the amount of $16,591,551 for the completion of unfinished projects and for the construction of additional projects. As will be noted above, the University System paid $3,058,710 to the Building Authority during 1960-61 as an annual rental for the use of these facilities.

Unexpended Plant Fund Assets.

The University System held unexpended plant fund assets at the end of the year totaling $10,897,305. This amount was composed of cash, $7,257,551; temporary investments, $3,383,493;

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and amounts due from other funds of $256,261. Of these assets, $292,563 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; $1,759,743 was reserved for the Insurance and Hazard Fund; $1,293,716 was reserved for the Auxiliary Replacement Fund; and $7,551,283 represented unexpended balances held for work in progress or future construction.

Investment in Plant.

The University System had a total investment in physical plant assets at June 30, 1961, in the amount of $162,435,742. This represents an increase of $14,764,379 over the invest ment reported at the end of the previous year.

The investment in plant at the end of the year as compared with that at June 30, 1960, is summarized as follows:

Land Buildings Improvements Other Than Buildings Equipment

$ 7,774,661 105,157,762 5,996,881 28.742,059

'zjszzz:. . ..T7.T.
$ 8,080,859 115,960,651 6,407,383 31,986,849

Increase
$ 306,198 10,802,889 410,502 3,244,790

Total Plant Assets

$147,671,363 $162,435,742 $14,764,379

During 1960-61, $141,000 of Series MAM Georgia Institute of Technology Revenue Bonds were retired, leaving a balance of $1,276,000 outstanding of the original issue of $4,000,000. The bonds outstanding bear interest at 2%% and 2% and have maturity dates to May 1, 1978.

In addition to the bonded indebtedness referred to above, a total of $1,039,733 was due to Endowment and Student Loan Funds for amounts invested in revenue producing projects at various units of the University System. This reflects a net reduction in indebtedness of $183,286 during the year. The balance is being amortized over a period of years from the net income of the projects financed by the loans.

It should be noted that the buildings constructed by the University System Building Authority have been included in the plant assets of the University System even though the title to the property 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 assets with a liability set up for the equity of the University System Building Authority in the pro rata amount of bonds outstanding appli cable to the projects included as assets. This equity at June 30, 1961, amounted to $31,716,511 as against assets included of $42,282,453.

The buildings constructed by the State Hospital Authority for use of the Medical College of Georgia have been reported in the same manner as buildings constructed by the University System Building Authority; that is, the plant has been included in assets with a liability for the equity of the State Hospital Authority. This equity is reported as $6,950,000; this being the amount of bonds outstanding of an original issue of $12,000,000.

With a total investment in plant of $162,435,742; against which bonds were outstanding in the amount of $1,276,000; $1,039,733 was due to Endowment and Student Loan Funds; an equity of $31,716,511 was held by the University System Building Authority; and an equity of $6,950,000 was held by the State Hospital Authority; the University System had a net invest ment in plant of $121,453,498.

15

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 Enterprise Surplus, and the assets and liabilities of the University System at June 30, 1961. In addition to the consolidated statements, detailed financial reports of the operations of the individual units of the University System may be found in this report.
17

UNIVERSITY SYSTEM OF GEORGIA
CONSOLIDATED BALANCE SHEET June 30, 1961
ASSETS

CURRENT FUNDS A. GENERAL
Cash Investments (Temporary) Accounts Receivable Due from Other Funds Stores (Inventories)

$ 5,830,925.33 1,250,000.00 773,550.62 12,000.00 485,228.34

TOTAL GENERAL FUNDS
B . RESTRICTED Cash Accounts Receivable TOTAL RESTRICTED FUNDS
C. AUXILIARY Cash Investments (Temporary) Accounts Receivable Stores (Inventories)

$ 8,351,704.29

$ 2,893,799.53 103,359.91

2,997,159.44

$ 2,017,523.78 175,000.00 28,718.78 796,468.06

TOTAL AUXILIARY FUNDS

3.017.710.62

TOTAL CURRENT FUNDS

$ 14,366,574.35

II. AGENCY FUNDS Cash Investments Accounts Receivable

$ 2,260,377.18 314.50 696.21

TOTAL AGENCY FUNDS

2,261,387.89

III.

ENDOWMENT FUNDS Cash Investments U. S. Government Bonds State and Municipal Bonds University System Building Authority Bonds Georgia State School Building Authority Bonds Georgia Institute of Technology Revenue Bonds

$ $ 705,190.00
100,000.00 1,929,498.76
536,000.00 218,000.00

152,625.47

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UNIVERSITY SYSTEM OF GEORGIA
CONSOLIDATED BALANCE SHEET June 30, 1961
LIABILITIES. SURPLUS. AND FUND BALANCES

I. CURRENT FUNDS

A. GENERAL

Accounts Payable

Purchase Orders Outstanding

Unearned Income

Summer Session

$819,739.26

Fall Quarter

176.274.63

Reserve for Stores

Other Reserves

Unappropriated Surplus

TOTAL GENERAL FUNDS

125,401.56 324,486.02

996,013.89 626,121.98 700,065.58 5.579.615.26
$

8,351,704.29

B. RESTRICTED Fund Balances

$ 2,997,159.44

TOTAL RESTRICTED FUNDS

2,997,159.44

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

46,648.25 13,396.33 86,156.37 796,468.06 453,172.16 98,014.35 1.523.855.10

3.017.710.62

TOTAL CURRENT FUNDS
II. AGENCY FUNDS Fund Balances

$ 14,366,574.35 $ 2,261,387.89

TOTAL AGENCY FUNDS
III. ENDOWMENT FUNDS Fund Balances

2,261,387.89 $ 4,771,257.29

19

UNIVERSITY SYSTEM OF GEORGIA

CONSOLIDATED BALANCE SHEET June 30 , 1961

ASSETS (CONTINUED)

III.

ENDOWMENT FUNDS (CONTINUED) Corporate and Other Bonds Preferred and Common Stock Real Estate Real Estate Mortgages University System Buildings Other Investments

$

7,750.00

130,775.90

91,515.78

7,400.00

869,860.77

22.640.61 $ 4.618.631.82

TOTAL ENDOWMENT FUNDS

$ 4,771,257.29

IV. STUDENT LOAN FUNDS

Cash

Student Notes Receivable

Investments

U. S. Government Bonds

$

University System Building

Authority Bonds

Georgia State School Building

Authority Bonds

Georgia Institute of Technology

Revenue Bonds

Real Estate Mortgages

University System Buildings

Other Investments

$ 282,885.63 1,748,801.67

156,017.56

141,429.17

94,000.00

73,000.00 17,469.07 169,871.87
3.815.16

655.602.83

TOTAL STUDENT LOAN FUNDS

2,687,290.13

V. PLANT FUNDS A. UNEXPENDED Ca.sh Investments (Temporary) Due from Other Funds Other Assets

$ 7,257,551.43 3,383,492.54 88,667.55 167,593.81

TOTAL UNEXPENDED

$ 10,897,305.33

B. INVESTED IN PLANT Land Buildings

$ 8,080,858.74 115,960,650.63

20

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UNIVERSITY SYSTEM OF GEORGIA
CONSOLIDATED BALANCE SHEET June 30, 1961
LIABILITIES, SURPLUS, AND FUND BALANCES (CONTINUED) III. ENDOWMENT FUNDS (CONTINUED)

TOTAL ENDOWMENT FUNDS
IV. STUDENT LOAN FUNDS Due to Other Funds Fund Balances

4,771,257.29

$

14,511.18

2,672,778.95

TOTAL STUDENT LOAN FUNDS

V. PLANT FUNDS A. UNEXPENDED Reserve for Insurance and Hazard Fund Reserve for Bond Sinking Fund Reserve for Auxiliary Replacements Fund Balances TOTAL UNEXPENDED

$ 1,759,742.80 292,563.64
1,293,715.70 7.551.283.19
~ $ 10,897,305.33

B. INVESTED IN PLANT

Loans Payable to Endowment Funds

$

Loans Payable to Student Loan Funds

869,860.77 169,871.87

2,687,290.13

21

UNIVERSITY SYSTEM OF GEORGIA
CONSOLIDATED BALANCE SHEET June 30, 1961

ASSETS (CONTINUED)
V. PLANT FUNDS (CONTINUED) B. INVESTED IN PLANT (CONTINUED) Improvements Other Than Buildings Equipment

$ 6,407,383.59 31,986,848.80

TOTAL INVESTED IN PLANT TOTAL PLANT FUNDS TOTAL ASSETS

$162.435.741.76 $173.333.047.09 $197.419.556.75

Note: The items of "Cash" listed for General, Restricted, Auxiliary, Plant, and Agency Funds totaling $20,260,177.25 included bank time deposits of $13,265,051.59.
22

UNIVERSITY SYSTEM OF GEORGIA

CONSOLIDATED BALANCE SHEET June 30, 1961

LIABILITIES, SURPLUS, AND FUND BALANCES (CONTINUED)

V. PLANT FUNDS (CONTINUED)

B. INVESTED IN PLANT (CONTINUED)

Bonds Payable

$ 1,276,000.00

Equity of University System Building

Authority

31,716,511.36

Equity of State Hospital Authority

6,950,000.00

Net Investment in Plant

121.453.497.76

TOTAL INVESTED IN PLANT

$162.435.741.76

TOTAL PLANT FUNDS

$173.333.047.09

TOTAL LIABILITIES, SURPLUS, AND FUND BALANCES

$197.419.556.75

23

UNIVERSITY SYSTEM OF GEORGIA SOURCES OF INCOME OF THE UNIVERSITY SYSTEM, 1960-61

State Appropriation

$30,201,666.95

Internal Income

Educational and General

Student Fees

$

Gifts, Grants, and Endowment Income

Governmental Other Than State Appropriation

Sales and Services

Other Income

_

Total Educational and General Internal

Income

7.614.668.81 4.380.452.81 4,908,348.10 5,722,973.62
250.175.72
$22,876,619.06

Auxiliary Enterprises Dormitories Dining Halls Bookstores and Student Centers Other Activities Total Auxiliary Enterprise Income

$ 2,249,207.37 3.531.648.14 2,706,660.46 1.798.063.15

10,285,579.12

Plant Funds Gifts and Grants Earnings on Temporary Investments Other Income Total Plant Fund Income

$ 397,560.11 456,811.66 228.856.56

1,083,228.33

Student Aid Gifts and Grants Endowment Income Total Student Aid Income
Total Internal Income
Total Income from All Sources

$ 566,653.76 59.223.95

625.877.71 34.871.304.22
$65,072,971.17

Non-Income Transfer from Institutions for Insurance and Hazard Reserve Fund Loans from Trust Funds for Construction
Total Non-Income Receipts

$ 651,410.29 _____ 92,267.00

743,677.29

Funds on Hand, July 1, 1960 Educational and General Institutional Balances Restricted Fund Balances Auxiliary Enterprise Funds Unexpended Plant Funds Unallocated Funds in Regents' Office
Total Funds on Hand, July 1, 1960
Total Funds Available

$ 5,007,761.74 2,495,131.76 2,064,335.26
12,344,803.55 1.331.884.55
23.243.916.86
$89.060.565.32

24

UNIVERSITY SYSTEM OF GEORGIA CLASSIFICATION OF EXPENDITURES OF THE UNIVERSITY SYSTEM, 1960-61

Educational and General Administration General Expenses Student Welfare Plant Operations Library Instruction Activities Related to Instruction Research Agricultural Extension General Extension and Public Services Total Educational and General Expenditures
Auxiliary Enterprises Dormitories Dining Halls Bookstores and Student Centers Other Activities Total Auxiliary Enterprise Expenditures
Plant Funds Additions to Plant - Capital Improvements Debt Service Rentals to University System Building Authority Insurance and Hazard Fund Expenditures Other Plant Expenditures Total Plant Fund Expenditures
Student Aid Scholarships Fellowships Other Total Student Aid Expenditures
Total Expenditures
Non-Expense Interest on Constitutional Debt
Funds on Hand, June 30, 1961 Educational and General Institutional Balances Restricted Fund Balances Auxiliary Enterprise Funds Unexpended Plant Funds Unallocated Funds in Regents' Office Total Funds on Hand, June 30, 1961
Total Funds Available

$ 2,439,458.76 1,853,451.57 646,075.03 4,265,780.02 1,500,322.73
15,411,944.86 4,215,187.30 9,858,429.20 5,359,437.39 1.569.741.00 1 $47,119,827.86

$ 1,457,459.94 3,056,015.48 2,596,696.66 1.462.708.68

8,572,880.76

$ 5,633,010.43 441,364.01
3,058,709.82 120,612.62 401.400.77

9,655,097.65

$ 739,809.40 81,697.86 74.959.18

896.466.44

$66,244,272.71

8 ,0 00. 0 0

$ 5,634,086.16 2,893,799.53 2,192,523.78
10,641,043.97 1.446.839.17

22.808.292.61

$89.060.565.32

UNIVERSITY SYSTEM

Institution

STUDENT FEES

Non-Resident Summer

Matriculation Tuition

Session

Other

University of Georgia

$1,140,657.10 $ 278,135.02 $231,753.06 $ 76,868.86

Continuing Education Center

454,899.63

Agricultural Experiment Stations

Agricultural Extension Service

Georgia Institute of Technology

930,896.50 858,448.70 266,775.80 20,425.59

Southern Technical Institute

237,220.15

44,765.50

16,077.50

Engineering Experiment Station

Engineering Extension Division

329,864.51

55,131.80

36,313.00

Georgia State College of Business Administration 392,083.79

12,033.00 77,880.87 13,866.64

Medical College of Georgia

230,310.43

Eugene Talmadge Memorial Hospital

West Georgia College

112,563.00

2,370.00 20,521.50 13,634.74

North Georgia College

97,652.25

5,480.00 12,541.00 16,686.77

Georgia State College for Women

111,226.75

4,520.00 27,304.25 22,782.51

Georgia Southern College

180,765.00

11,855.00 51,327.19 25,535.68

Valdosta State College

92.766.75

5,768.00 25.044.00 13.066.00

Total Senior Units (White)

$4,310,905.86 $1,,278,507.02 $713,147.67 $255.257.29

Georgia Southwestern College Augusta College Middle Georgia College Columbus College South Georgia College Armstrong College Abraham Baldwin Agricultural College
Total Junior Units (White)

$ 41,597.00 $ 64,452.20 52,702.00 57,588.90 50,967.50 82,988.43 50,471.50
$ 400,767.53 $

2,030.00 $ 6,207.50 $ 5,909.00

24,147.00 16,843.40 12,712.96

2,310.00

7,988.60

7,438.00 13,932.00 6,775.13

15,580.00

10,698.30

3,810.50

9,389.75

2,493.47

5,550.00 5,072.99 5.250.00

60,865.50 $ 51,445.64 $ 51.827.46

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

$ 123,676.79 $ 119,668.29 147.685.30
$ 391,030.38 $

2,487.06 $ 17,832.02 $ 10,743.89 4,843.94 22,940.16 11,721.60
500.00 18,533.65 11,312.14 7,831.00 $ 59,305.83 $ 33.777.63

Central Office Soil Conservation Committee
Total Other Activities
GRAND TOTALS

$

$

$

$

$

$

$__________ $

$5.102.703.77 $1. 347.203.52 $823.899.14 $340.862.38

26

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OF GEORGIA
AND GENERAL INCOME June 30, 1961

Governmental

Gifts, Grants Other Than

And

State

Endowments Appropriation

Sales And
Services

Other Sources

Total Internal
Income

State Appropriation

Total Income Received

$1 ,813,876.17 $ 152,550.06 $ 130,705.08 $ 33,267.90 $ 3,857,813.25 $ 5,108,000.00 $ 8,965,813.25

22,909.70

82,272.07 4,838.10

564,919.50

293,000.00

857,919.50

470,753.54 937,746.00 928,362.52 13,695.39 2,350,557.45 1,898,000.00 4,248,557.45

42,543.66 3 ,421,349.48 343,417.60 4,801.91 3,812,112.65 1,662,000.00 5,474,112.65

789,957.23

231,007.98 42,705.10 3,140,216.90 3,567,000.00 6,707,216.90

4,000.00

1,200.00

303,263.15

334,000.00

637,263.15

127,598.81

3 ,072,165.26

3,199,764.07

660,000.00 3,859,764.07

48,668.22

469,977.53

20,000.00

489,977.53

68,596.88

2,120.00 36,488.35

603,069.53 1,889,000.00 2,492,069.53

829,695.48

98,177.50

2,426.19 1,160,609.60 1,215,000.00 2,375,609.60

66,125.00

796,126.80

6,139.70

868,391.50 3,500,000.00 4,368,391.50

1,162.14

3,440.31

153,691.69

327,000.00

480,691.69

17,873.34

4,298.60

154,531.96

463,000.00

617,531.96

86,319.00

55,528.58

7,658.25 4,131.26

319,470.60

663,000.00

982,470.60

51,175.00

59,657.43

3,828.00

500.00

384,643.30

631,000.00 1,015,643.30

3.774.00

3.338.50

143.757.25

355,000.00

498,757.25

$4,329,072.81 $4,742,786.91 $5,695,841.06 $161,271.31 $21,486,789.93 $22,585,000.00 $44,071,789.93

$ 1,840.00 $

$

$ 630.20 $ 58,213.70 $ 198,000.00 $ 256,213.70

531.25

118,686.81

307,000.00

425,686.81

500.00

63,500.60

207,000.00

270,500.60

3,624.80 1,580.62

90,939.45

211,000.00

301,939.45

300.00

77,545.80

204,000.00

281,545.80

4,424.17

103,106.32

323,000.00

426,106.32

$ 1,840.00

4.404.05 4.404.05

15,662.64 1.881.97

88.293.15

262.500.00

350.793.15

19.287.44 $ 9.848.21 $ 600.285.83 $ 1.712.500.00 $ 2,312.785.83

$ 49,300.00 $ 33,358.36 $ 240.00 115,210.64 12.588.14
_ 49.540.00 $ 161.157.14 $

2,174.00 $ 4,356.55 1.314.57 7.845.12 $

2,497.84 $ 275.00
4.855.25 7.628.09 $

242,069.96 $ 443,000.00 $ 685,069.96

279,256.18

693,000.00

972,256.18

196.789.05

725.000.00

921.789.05

718.115.19 $ 1.861.000.00 $ 2.579.115.19

$

$

$

$ 71,428.11 $ 71,428.11 $ 200,000.00 $ 271,428.11

40,000.00

40.000.00

_

71.428.11 $ 71.428.11 $ 240.000.00 $ 311.428.11

$4,380,452.81 $4,908,348.10 $5,.722.973.62 $250,175.72 $22,876,619.06 $26,398,500.00 $49,275,119.06

27

UNIVERSITY SYSTEM
STATEMENT OF EDUCATIONAL For Year Ended

Institution

Administration

General

Student Welfare

University of Georgia

$ 327,090.76

Continuing Education Center

81,405.37

Agricultural Experiment Stations 131,630.01

Agricultural Extension Service

Georgia Institute of Technology

353,759.97

Southern Technical Institute

46,213.41

Engineering Experiment Station

Engineering Extension Division

Georgia State College of Bus. Adm. 228,691.40

Medical College of Georgia

90,660.18

Eugene Talmadge Memorial Hosp.

197,091.39

West Georgia College

56,466.17

North Georgia College

49,298.96

Georgia State College for Women

64,231.95

Georgia Southern College

58,901.41

Valdosta State College

___

Total Senior Units (White) L$ h1 .739.879.87

314,184.72 19,005.09
110,788.38
328,471.77 33,314.52
105,500.97 147,555.65 277,052.56
38,554.25 28,173.54 55,279.76 57,388.63
$1.546.728.79

$169,889.28
82,605.29 3,542.50
85,691.03 5,472.92 2,540.13
10,727.34 36,081.69 57,333.23 34,379.58
$500,242.55

$1,074,447.01 58,302.51
154,834.81
986,052.23 69,335.99
265,912.01 81,052.49
298,070.68 62,484.03
131,016.44 136,039.34 136,024.06
$3 .539.487.81

Georgia Southwestern College

$ 36,491.73 $ 16,803.94 $ 1,921.70 $ 33,104.62

Augusta College

54,758.44

18,460.23 16,644.34

67,155.99

Middle Georgia College

35,122.29

18,564.43

7,128.71

45,775.28

Columbus College

42,221.71

10,778.31

3,338.36

28,310.29

South Georgia College

38,010.89

21,341.67

4,803.75

39,108.83

Armstrong College

55,899.26

23,544.54 24,173.71

40,890.67

Abraham Baldwin Agricultural Col ege_ 40.491.89

14.666.69

4,421.15

49.059.04

Total Junior Units (White) $ 302.996.21 $ 124,159.81 $ 62.431.72 $ 303.404.72

Albany State College

$

Fort Valley State College

Savannah State College

Total Senior Units (Negro) $

60,070.43 74,444.78 64.023.71 198.538.92

$ 49,545.07 61,005.28 72.012.62
$ 182,562.97

$ 28,559.39 23,250.55 31,590.82
$ 83,400.76

$ 80,464.71 164,840.76 177.582.02
$ 422.887.49

Central Office Soil Conservation Committee
Total Other Activities

$ 198,043.76 $ 198.043.76 $

$

$

$

$

GRAND TOTALS

$ 2.439.458.76 $1.853.451.57 $646.075.03 $4.265.780.02

28

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OF GEORGIA
AND GENERAL EXPENDITURES June 30, 1961

Library

Instruction

Activities Related To Instruction

Research

Extension And Public
Service

Total Expenditures

$ 456,641.03
30,419.55
320,385.20
192,455.98 46,044.29
32,315.52 42,692.14 36,507.41 44,806.13 22.469.75 $1.224.737.00

$ 4,602,676.66 198,263.94
3,512,133.89 386,313.17
1,305,096.91 1,154,258.04
257,112.88 301,804.76 448,834.84 506,232.12 249.474.65 $12,922,201.86

$ 48,429.26 368,350.74
3,490,492.47 65,571.92
100,824.99 $4.073.669.38

$1,237,850.75 3,403,391.29 262,388.98 3,962,069.11 117,480.33 774,347.31
655.01 39,517.54 $9.797.700.32

$ 475,673.39 543,220.99
5,359,437.39
413,692.42 12,895.19
5,534.27 15,700.26
$6.826.153.91

$ 8,706,882.86 900,197.90
4,199,414.78 5,359,437.39 5,845,797.33
538,719.59 3,962,069.11
413,692.42 2,313,723.82 2,299,390.88 4,265,247.23
463,194.46 589,067.53 880,153.72 978,074.46 455.738.01 $42,170.801.49

$ 9,928.66 $ 141,037.82 $

31,749.92

220,124.05

10,623.62

142,522.99

17,219.40

153,867.04

13,281.22

153,392.85

14,935.31

236,344.62

12.598.17

168.030.42

$ 110.336.30 $ 1.215,319.79 $

$
23,175.85 23.175.85 $

$ 27,709.91 $ 319,238.74 $ 45,110.91 $

70,234.21

465,002.89

73,231.16

67.305.31

490.181.58

$ 165.249.43 $ 1.274.423.21 $ 118.342.07 $

294.38 $
294.38 $ 49,145.02 $ 10,301.72
987.76 60.434.50 $

4,150.03
20,589.82 24.739.85

$ 239,582.85 408,892.97 259,737.32 259,885.14 269,939.21 395,788.11 333,033.03
$ 2.166.858.63

18,318.24 5,825.32
14.421.36 38.564.92

$ 678,162.42 948,136.67 918.105.18
$ 2.544.404.27

$

$

$

$

$

$

$

$ 198,043.76

39.719.71

39.719.71

$

$ 39.719.71 $ 237.763.47

$1,500,322.73 $15,411,944.86 $4,215,187.30 $9,.858.429.20 $6,929,178.39 $47,119,827.86

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF AUXILIARY ENTERPRISE INCOME For Year Ended June 30, 1961

Senior Units (White) University of Georgia Continuing Education Center Georgia Institute of Technology Southern Technical Institute Georgia State College of Bus. Adm. Medical College of Georgia West Georgia College North Georgia College Georgia State College for Women Georgia Southern College Valdosta State College
Junior Units (White) Georgia Southwestern College Augusta College Middle Georgia College Columbus College South Georgia College Armstrong College Abraham Baldwin Agricultural College
Senior Units (Negro) Albany State College Fort Valley State College Savannah State College
GRAND TOTALS

Dormitories

Student Centers and Dinine Halls Bookstores

Faculty Housine

Other Activities

Total

$ 714,519.69 $ 667,459.72 $ 644,019.19 $

$ 314,332.25 $ 2,340,330.85

518,576.56

518,576.56

490,640.43

684,265.30

861,765.43 297,428.00

390,368.75 2,724,467.91

54,021.52 155,288.03

209,309.55

97,076.95

71,320.76

168,397.71

59,194.51

161,277.15

19,526.29

239,997.95

78,821.57

170,411.12

54,645.51 1,258.00

305,136.20

133,116.50

259,042.72

179,984.12 21,665.55

2,237.50

596,046.39

125,078.88 250,911.92

72,451.09 22,536.93

46,192.40

517,171.22

158,808.54 283,154.26

86,748.03 3,270.67

14,546.87

546,528.37

44,893.30

116,742.93

87,636.07

11,296.60

260,568.90

44,015.05 51,489.75 60,382.12 49,543.70

101,308.13 124,806.08 121,212.59 151,405.87

46,401.39 48,214.84 52,282.31 40,713.49 45,276.02 42,283.57 37,043.24

1,674.00 4,643.00 2,379.00

608.69 756.56 1,095.00

194,007.26 52,857.84
231,713.70 40,713.49
227,965.73 42,283.57
237,992.81

60,609.96 77,527.84 46.544.01

135,771.96 181,056.50 128.811.01

46,077.77 54,078.61 48.685.68

7,335.63 540.00

11,018.20 21,602.36 11.853.58

253,477.89 341,600.94 236.434.28

$2.249.207.37 $3.531.648.14 $2.706.660.46 $362.730.78 $1.435.332.37 $10.285.579.12



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UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF AUXILIARY ENTERPRISE EXPENDITURES For Year Ended June 30, 1961

Senior Units (White) University of Georgia Continuing Education Center Georgia Institute of Technology Southern Technical Institute Georgia State College of Bus. Adm. Medical College of Georgia West Georgia College North Georgia College Georgia State College for Women Georgia Southern College Valdosta State College
Junior Units (White) Georgia Southwestern College Augusta College Middle Georgia College Columbus College South Georgia College Armstrong College Abraham Baldwin Agricultural College
Senior Units (Negro) Albany State College Fort Valley State College Savannah State College
GRAND TOTALS

Dormitories

Student Centers and Dinine Halls Bookstores

Faculty Housine

Other Activities

Total

$ 353,913.55 $ 554,248.28 $ 650,302.09 $

$ 317,275.86 $1,875,739.78

255,418.78 54,681.76

651,962.47 133,627.03

821,671.28 195,866.89

424,184.85 424,184.85 358,567.78 2,283,487.20
188,308.79

39,407.44 51,935.32 114,825.47 106,674.52 102,157.76 35,696.19

138,549.08 221,778.11 213,373.29 238,878.38
93,915.66

87,030.65 141,535.09
54,725.57 158,156.95
66,245.16 91,739.90 79,050.02

2,287.41 12,800.68 13,424.56
3,139.47

16,145.13 32,028.84
35,025.25 6,744.98

103,175.78 212,971.37 247,497.38 507,561.21 434,742.78 435,915.51 215,406.85

42,044.37 43,897.73 60,269.67 51,839.51

91,830.27 100,535.29 104,963.58 122,970.70

42,362.71 47,235.55 50,749.64 36,004.10 47,903.13 40,052.05 32,170.23

1,985.35 5,857.46 1,747.64

458.82

178,222.70 53,093.01 196,930.30 36,004.10 213,595.20 40,052.05 206,980.44

51,134.02 58,638.30 34.925.55

112,398.37 158,341.63 118.643.34

47,328.41 50,715.76 51.718.37

2,294.48 465.29

6,698.40 16,487.18
9,222.36

217,559.20 286,477.35 214.974.91

$1,457,459.94 $3,056,015.48 $2,596,696.66 $239,869.23 $1,222,839.45 $8,572,880.76

UNIVERSITY SYSTEM OF GEORGIA

' INCOME FOR STUDENT AID

' Ended June 30, 1961

m

!

Gifts And

State

Endowment

Grants

ADDroDriation

^otal

r

Senior Units (White)

University of Georgia

$20,006.05 $145,346.60 $

$165,352.65

Georgia Institute of Technology

25,747.72 371,965.77

397,713.49

Georgia State College of Bus. Adm.

11,456.47

11,456.47

A-

West Georgia College

8,339.20

8,339.20

Georgia State College for Women

10,001.34

2,450.00

12,451.34

II

Junior Units (White) Augusta College

j>!

9,360.35

9,360.35

Armstrong College

5,980.38

5,980.38

Abraham Baldwin Agricultural College

9,954.99

9,954.99

p

Senior Unit (Negro)

Fort Valley State College

3,468.84

1,800.00

5,268.84

$

Other Activities Graduate Scholarships for Negroes Southern Regional Education Board

275,000.00 275,000.00

72.000.00 72.000.00

>p

GRAND TOTALS

$59.223.95 $566.653.76 $ 347.000.00 $972.877.71 *

STATEMENT OF EXPENDITURES FOR STUDENT AID For Year Ended June 30, 1961

Fellowships Scholarships

Other

Total

y Senior Units (White)

University of Georgia

$

$ 156,124.45 $ 2,459.18 $158,583.63

V

Georgia Institute of Technology

81,697.86 264,610.94

500.00 346,808.80

Georgia State College of Bus. Adm.

9,884.14

9,884.14

JS

West Georgia College

6,407.16

6,407.16

Georgia State College for Women

13,113.99

13,113.99

Junior Units (White)

Augusta College Armstrong College

4,344.37

4,344.37

5,014.24

5,014.24

#

Abraham Baldwin Agricultural College

9,296.23

9,296.23

&

Senior Unit (Negro)

Fort Valley State College

4,010.00

4,010.00

V-

Other Activities

Graduate Scholarships for Negroes

267,003.88

267,003.88

V)

Southern Regional Education Board

72.000.00 72.000.00

GRAND TOTALS

$ 81.697.86 $ 739.809.40 $74,959.18 $896,466.44

32

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF PLANT FUND INCOME For Year Ended June 30, 1961

Senior Units (White) University of Georgia Agricultural Experiment Stations Agricultural Extension Service Georgia Institute of Technology Georgia State College of Bus. Adm. Medical College of Georgia West Georgia College North Georgia College Georgia State College for Women Georgia Southern College Valdosta State College
Junior Units (White) Georgia Southwestern College Augusta College Middle Georgia College Columbus College South Georgia College Armstrong College Abraham Baldwin Agricultural College
Senior Units (Negro) Albany State College Fort Valley State College Savannah State College
General And Other Building Authority Rentals Insurance and Hazard Reserve Fund
GRAND TOTALS

Governmenta1 Interest On

State

Gifts And Other Than State Temporary

Appropriation Grants

Appropriation Investments

Other

Total

$ 128,000.00 $104,447.97 $ 8,500.00 5,755.08

127,000.00 4,500.00 7,500.00
12,000.00 23,000.00 25,000.00 19,000.00 20,000.00

124,964.06 162,393.00

$189,059.01 $23,198.83 $ 444,705.81

5,376.96

19,632.04

50,004.00 135,143.43 41,521.85 25,000.00
55,701.89

2,451.28 2,479.16 6,840.02
482.90

1,735.25

478,633.34 29,500.00
225,594.89 12,000.00 25,451.28 29,214.41 25,840.02 20,482.90

7,900.00 11,400.00 67,150.00 12,000.00

75,000.00

3,218.22 425.00
1,650.00 10,471.90
1,631.14

1,526.25 3,641.14

7,900.00 3,218.22 13,351.25
72,441.14 85,471.90 13,631.14

22,500.00 37,000.00 28,500.00

3,225.00 150.00

1,455.08 397.20

23,955.08 40,622.20 28,650.00

2,843,675.44 $3.404.625.44 $397.560.11 $

43.882.71

2,843,675.44 43,882.71

150.004.00 $456.811.66 $78.852.56 $4.487.853.77

Senior Units (White) University of Georgia Agricultural Experiment Stations Agricultural Extension Service Georgia Institute of Technology Georgia State College of Bus. Adm. Medical College of Georgia West Georgia College North Georgia College Georgia State College for Women Georgia Southern College Valdosta State College
Junior Units (White) Georgia Southwestern College Augusta College Middle Georgia College Columbus College South Georgia College Armstrong College Abraham Baldwin Agricultural College
Senior Units (Negro) Albany State College Fort Valley State College Savannah State College
General And Other Building Authority Rentals Insurance Fund Architectural Fees
GRAND TOTALS

UNIVERSITY SYSTEM
STATEMENT OF PLANT For Year Ended

_________________________ PLANT ADDITIONS

Buildings And Improvements

Additions To

Other Than

Land

Buildings

Buildings

$106,971.97 8,179.75
142,432.91 64,259.91

$ 567,706.40 32,183.94 2,153.05
2,465,976.19 16,837.69
178,454.03 10,880.34 20,488.42 47,901.47
326,577.39 31,864.28

$ 137,735.47 10,130.84
122,562.90
2,778.57 10,908.56
15,310.93 15,178.57

1,000.00 299,819.34
5,500.00
9,021.43
14,776.05

8,008.60 1,195.00 62,532.61
163.50

130.82

15,722.13 61,575.41 60,766.20

3,191.67

$321.975.36 $4.169.203.76 $ 389.697.22

34

OF GEORGIA
FUND EXPENDITURES June 30, 1961

EauiDment

Indebtedness Retired

Interest On Indebtedness

Building Authority
Rentals

Other Expenditures

Total

$321,330.82 19,285.37
139,507.32 23,227.23
18,829.75 37,048.45 28,436.09 30,619.65
8,715.80

$ 251,898.33 141,000.00
1,179.24 4,632.36

$ 11,191.02 25,499.86
810.51 2,773.17

$ 109,918.80 73,712.16
14,149.80 17,253.62

$ 71,046.04 25,299.93 21,280.34 7,965.82
889.04
41,093.46 1,782.81

$1,577,798.85 95,079.83 23,433.39
3,118,657.16 104,324.83 178,454.03 32,488.66 85,474.02 83,743.09 430,855.05 57,541.46

2,898.37 28,961.28
7,541.90
20,409.47
17,254.34

5,189.34 4,741.78
44,460.70 2,881.55

17,096.31 328,780.62
18,978.68
91,963.51 44,460.70 35,075.44

15,112.62 14,885.75 18,069.88

1,973.51

406.01

7,707.54

34,026.42 78,971.50 86,543.62

$752.134.09

$ 400.683.44

$ 40.680.57

2,843,675.44 $3.058.709.82

120,612.62 167.062.42
$ 522.013.39

2,843,675.44 120,612.62 167.062.42
$9.655-097-6S

35

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF SURPLUS June 30, 1961

EDUCATIONAL AND GENERAL Surplus, July 1, 1960

$ 5,182,382.99

Additions:

Excess Income over Expenditures Current Income Realized

$49,275,119.06

Deduct: Decrease in Accounts

Receivable

$ 37,856.42

Increase in Unearned

Income

__ 213.852.67

251.709.09 $49,023,409.97

Deduct: Current Expenditures Cash Expenditures

$47,119,827.86

Deduct: Decrease in

Accounts

Receivable $ 30,760.01

Increase in

Stores

28,097.55

Increase in Regents Allotment Account

Transfer from Auxiliary Funds

58.857.56 47.060.970.30

1,962,439.67 43,541.51
135.384.82

Surplus, July 1, 1960, Plus Additions

$ 7,323,748.99

Deductions : Increase in Surplus Reserves Transfer to Plant Funds
Educational and General Surplus, June 30, 1961

$ 473,451.74 1.270.681.99 1.744.133.73
$ 5.579.615.26

AUXILIARY ENTERPRISES Surplus, July 1, 1960

$ 1,007,018.84

Additions: Excess Income over Expenditures Current Income Realized $10,285,579.12

Add:

Increase in Accounts Receivable

7.266.56 $10,292,845.68

Deduct: Increase in Unearned Income

14.884.81 $10,277,960.87

Deduct: Current Expenditures Cash Expenditures $ 8,572,880.76

Add:

Additions to

Replacement Reserve

411.745.21 $ 8,984,625.97

Deduct: Decrease in

Accounts Payable

$ 23,387.78

Increase in Stores 45.533.32

68.921.10 8.915,704.87 1,362,256.00

Decrease in Surplus Reserves

54.037.06

36

UNIVERSITY SYSTEM OF GEORGIA STATEMENT OF SURPLUS (CONTINUED)

AUXILIARY ENTERPRISES (CONTINUED)
Surplus, July 1, 1960, Plus Additions
Deductions: Debt Service Requirements Transfer to Plant Funds Transfer to General Funds
Auxiliary Enterprise Surplus, June 30, 1961

$ 2,423,311.90

$ 644,795.80 119,276.18 135,384.82

899,456.80

37

Regents Allotment Account and
General Activities
For the Year Ended June 30, 1961

REGENTS ALLOTMENT ACCOUNT AND GENERAL ACTIVITIES
BALANCE SHEET June 30, 1961
ASSETS

I. CURRENT FUNDS A. GENERAL Cash in Bank

$ 84,044.35

TOTAL GENERAL FUNDS

$ 84,044.35

B. REGENTS ALLOTMENT ACCOUNT Cash in Bank Cash in Bank - Time Deposits U. S. Treasury Obligations TOTAL REGENTS ALLOTMENT ACCOUNT

$(->153,160.83 450,000.00
1.150,000.00

1.446.839.17

TOTAL CURRENT FUNDS

$1,530,883.52

II. AGENCY FUNDS Cash in Bank

250.00

III.

STUDENT LOAN FUNDS Cash in Bank Student Notes Receivable Investments Georgia Institute of Technology Revenue Bonds

$ 1,606.17 11,407.53
10.000.00

TOTAL STUDENT LOAN FUNDS
IV. PLANT FUNDS A. UNEXPENDED Cash in Bank Cash in Bank - Time Deposits U. S. Treasury Obligations TOTAL UNEXPENDED

23,013.70

$ 390,649.90 600,000.00
1,230,000.00

$2,220,649.90

B. EXPENDED Equipment

43.414.40

TOTAL PLANT FUNDS

2.264.064.30

TOTAL ASSETS

3.818,211.52

40

!I
iV > V-
i< )s ] AA A1 I *
SA
I >i If
Am
1 A
4
A &
I&
j J if

I
y >A
>1 I M a9
1 1%
A1
AA
II IM
41
4
A ft
v SI
j
V/
A
A
S'

REGENTS ALLOTMENT ACCOUNT AND GENERAL ACTIVITIES
BALANCE SHEET June 30, 1961
LIABILITIES

I. CURRENT FUNDS A. GENERAL Unappropriated Surplus Regents Office Soil Conservation Committee Graduate Scholarships TOTAL GENERAL FUNDS
B. REGENTS ALLOTMENT ACCOUNT Unappropriated Surplus

$ 30,949.87 23,565.35 29.529.13 $ 84,044.35
$ 1,446,839.17

TOTAL REGENTS ALLOTMENT ACCOUNT
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Fund Balance
III. STUDENT LOAN FUNDS Fund Balance

1.446.839.17 $1,530,883.52 250.00
$ 23,013.70

TOTAL STUDENT LOAN FUNDS

23,013.70

IV. PLANT FUNDS

A. UNEXPENDED

Reserve for Insurance and Hazard Fund $ 1,759,742.80

Fund Balance

460,907.10

TOTAL UNEXPENDED

$2,220,649.90

B. EXPENDED Investment in Plant

43.414.40

TOTAL PLANT FUNDS

2.264.064.30

TOTAL LIABILITIES

$3.818.211.52

41

GENERAL ACTIVITIES
STATEMENT OF INCOME For Year Ended June 30, 1961

I. CURRENT INCOME A. EDUCATIONAL AND GENERAL Governmental - State of Georgia Regents Central Office State Soil Conservation Committee TOTAL GOVERNMENTAL
Other Sources Regents Office Allotment Account - Interest on Investments TOTAL OTHER SOURCES
TOTAL EDUCATIONAL AND GENERAL
B. STUDENT AID Governmental - State of Georgia Graduate Scholarships for Negroes Southern Regional Education Board
TOTAL INCOME FOR STUDENT AID
TOTAL CURRENT INCOME
II. PLANT FUNDS Governmental - State of Georgia University System Building Authority Rentals
Other Sources Interest on Investments - Insurance Fund
TOTAL PLANT FUND INCOME
Transfers From: Institutions for Insurance Fund Institutions for Dormitory Rentals
TOTAL PLANT FUND RECEIPTS
TOTAL INCOME

$ 200, 000.00 40,000.00 $ 240,000.00

$

15.00

71,413.11

71,428.11

$ 311,428.11

$ 275,000.00 72,000.00
347,000.00
$ 658,428.11

$2,843,675.44

43,882.71 $2,887,558.15

$ 651,410.29 7,297.14

658,707.43

$3,546,265.58

$3.545.986.26

42

GENERAL ACTIVITIES
STATEMENT OF EXPENDITURES For Year Ended June 30, 1961

Total

Personal Services

Operating Supplies
& Expense

Eauinment

CURRENT EXPENDITURES A. EDUCATIONAL AND GENERAL
Administration Central Office
Extension Soil Conservation Committee

$ 198,043.76 $160,815.84 $ 34,761.98 $2,465.94

39.719.71

28.456.23

9.513.93 1,749.55

TOTAL EDUCATIONAL AND GENERAL $ 237.763.47 $189.272.07 $ 44.275.91 $4.215.49

B. STUDENT AID

Graduate Scholarships for Negroes $ 267,003.88 $

Southern Regional Education Board

72.000.00

$267,003.88 $ 72.000.00

TOTAL STUDENT AID

$ 339,003.88 $

$339.003.88 $

TOTAL CURRENT EXPENDITURES

$ 576,767.35 $189.272.07 $383.279.79 $4.215.49

PLANT FUNDS University System Building Authority Rentals Architectural Fees Fire and Extended Coverage Insurance

$2,843,675.44 167,062.42
120.612.62

TOTAL PLANT FUND EXPENDITURES

$3.131.350.48

TOTAL EXPENDITURES

43

REGENTS ALLOTMENT ACCOUNT
SUMMARY OF RECEIPTS AND DISBURSEMENTS For Year Ended June 30, 1961

RECEIPTS:

State Appropriation

General Appropriation Act of 1956

Section 8a - 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 equipment for the University

System

$16,952,000.00

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

8 ,000.00

For cost of operating the State Soil

Conservation Committee

40,000.00

For conducting research on poultry disease by College of Agriculture

100.000.00

Section 8b - For cost of operating Eugene Talmadge

Memorial Hospital

$17,100,000.00 3,000,000.00

I960 Amendment to General Appropriation Act of 1956 Section 1-2 - For educational purposes For capital outlay purposes For operating costs Eugene Talmadge Memorial Hospital For conducting research by the College of Agriculture on the marketing of farm products

$ 2, 000, 000.00 1, 000, 000.00 500,000.00
50.000.00 3.550.000. 00

State Appropriation Provided by Appropriation Act

$23,650,000.00

State Appropriation Provided by Budget Bureau: For General Operations For Junior College Operations For Industrial Development

$ 6,539,000.00 736,000.00 50,000.00

7.325.000. 00

Total State Appropriation

$30,975,000.00

Less: Capital Outlay Funds Not Approved by Budget Bureau

773,333.05

Total State Appropriation Received

$30,201,666.95

Interest Earned on Temporary Investments

71,413.11

TOTAL RECEIPTS

$30.273.080.06

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

$26,398,500.00 3,404,625.44 355,000.00

TOTAL DISBURSEMENTS

$30.158.125.44

44

REGENTS ALLOTMENT ACCOUNT
STATEMENT OF ALLOCATIONS BY* BOARD OF REGENTS For Year Ended June 30, 1961

Educational & General Onerations

Plant Additions & Improvements

Other

Total

Purposes__ Allocations

Senior Units (White)

University of Georgia

$ 5,108,000.00 $ 128,000.00 $ 8,000.00 $ 5,244,000.00

Agricultural Extension Service

1,662,000.00

1,662,000.00

Agricultural Experiment Stations 1,898,000.00

8,500.00

1,906,500.00

Continuing Education Center

293,000.00

293,000.00

Georgia Institute of Technology

3,567,000.00

127,000.00

3,694,000.00

Southern Technical Institute

334.000.

00

334.000.

00

Engineering Experiment Station

660.000.

00

660.000.

00

Engineering Extension Division

20,000.00

20,000.00

Georgia State College of Bus. Adm.

1,889,000.00

4,500.00

1,893,500.00

Medical College of Georgia

1.215.000.

00 7,500.00

1,222,500.00

Eugene Talmadge Memorial Hospital 3.500.000.

00

3,500,000.00

West Georgia College

327,000.00

12,000.00

339,000.00

North Georgia College

463,000.00

23,000.00

486,000.00

Georgia State College for Women

663,000.00

25,000.00

688,000.00

Georgia Southern College

631,000.00

19,000.00

650,000.00

Valdosta State College

355,000.00

20,000.00

375,000.00

Junior Units (White) Georgia Southwestern College Augusta College Middle Georgia College Columbus College South Georgia College Armstrong College Abraham Baldwin Agricultural College

198.000. 307.000. 207.000. 211.000. 204.000. 323.000. 262,500.00

00 7,900.00 00 0011,400.00 00 0067,150.00 00
12,000.00

205,900.00 307,000.00 218,400.00 211,000.00 271,150.00 323,000.00 274,500.00

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

443,000.00 693,000.00 725,000.00

22,500.00 37,000.00 28,500.00

465,500.00 730,000.00 753,500.00

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

200,000 .DO 40,000.00

2,843,675.44

275,000.00 72,000.00

200,000.00 40.000. 00
2,843,675.44 275,000.00 72.000. 00

TOTAL ALLOCATIONS

S26.398.500.00 $3.404.625.44 $355.000.00 $30.158.125.44

45

GENERAL ACTIVITIES
STATEMENT OF CHANGES IN CASH BALANCES For Year Ended June 30, 1961

Balance Julv 1. 1960

Receipts

Balance Disbursements June 30. 1961

CURRENT FUNDS

Regents Allotment Account

$1,331,884.55

Regents Central Office

28,978.63

State Soil Conservation Committee

23,285.06

Graduate Scholarships for Negroes

21,533.01

Southern Regional Education Board

TOTAL CURRENT FUNDS

$1.405.681.25

$30,273,080.06 $30,158,125.44

200,015.00

198,043.76

40.000. 00

39,719.71

275,000.00

267,003.88

72.000. 00

72,000.00

$30.860.095.06 $30.734,892.79

$1,446,839.17 30,949.87 23,565.35 29,529.13
$1,530.883.52

PLANT FUNDS

Building Authority Rentals Dormitory Rentals

$ 228,780.10

Insurance and Hazard Reserve Fund 1,185,062.42

Architectural Fees TOTAL PLANT FUNDS

391.892.28 $1,805.734.80

$ 2,843,675.44 7,297.14
695,293.00
$ 3.546.265.58

$ 2,843,675.44
120,612.62 167.062.42 $ 3.131.350.48

$ 236,077.24
1,759,742.80 224,829.86
$2,220.649.90

STUDENT LOAN FUNDS W. H. Black Fund

$ 10.511.01 $

1.305.16 $

210.00 $ 11.606.17

OTHER FUNDS Institutional Transfers
TOTALS

$

250.00 $

$

$

250.00

$3.222.177.06 $34.407.665.80 $33.866.453.27 $3.763.389.59

BANK BALANCES - DEMAND DEPOSITS Citizens and Southern National Bank, Atlanta First National Bank, Atlanta Fulton National Bank, Atlanta Trust Company of Georgia, Atlanta TOTAL BANK BALANCES - DEMAND DEPOSITS

BANK BALANCES - TIME DEPOSITS

Citizens and Southern National Bank - 3%, due 11-15-61

First National Bank

- 3%, due 7-11-61

3%, due 8-23-61

3%, due 12-29-61

Fulton National BanK

- 3%, due 8-23-61

Roswell Bank, Roswell

- 3%, due 12-13-61

TOTAL BANK BALANCES - TIME DEPOSITS

$ 80,779.73 104,742.80 108,337.93 29.529.13 $ 323,389.59
$ 100,000.00 200,000.00 250,000.00 250,000.00 200,000.00 50,000.00 1,050,000.00

TEMPORARY INVESTMENTS

U. S. Treasury 3 1/8% C. of I's, due 8-1-61

$

U. S. Treasury 3 1/4% Notes, due 2-15-62

U. S. Treasury 4% Notes, due 2-15-62

U. S. Treasury 3% C. of I's, due 5-15-62

U. S. Treasury 2 5/8% Notes, due 2-15-63

U. S. Treasury 4 5/8% Notes, due 5-15-65

Georgia Institute of Technology 2 1/4% Revenue Bonds, due 5-1-64

TOTAL TEMPORARY INVESTMENTS

375,000.00
205.000.
200.000.
750.000.
550.000.
300.000.
10.000.00

00 00 00 00 00
2.390.000.00

TOTAL BALANCES, JUNE 30, 1961

$3.763.389.59

46

University of Georgia FINANCIAL REPORT
For the Year Ended June 30, 1961

UNIVERSITY OF GEORGIA Athens, Georgia
O. C. Aderhold
President

J. D. Bolton
Comptroller

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, 1961, which consists of the following exhibits and schedules:

PART I Cons olidated

Consolidated Balance Sheet ............................

Exhibit

A

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

Exhibit

B

Consolidated Statement of Current Expenses......... .

Exhibit

C

PART II University at Athens

Balance Sheet.......................................... Statement of Current Income.................. ......... Statement of Current Expenditures.....................

Schedule

A

Schedule

B

Schedule

C

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

Schedule

D

Statement of Trust Fund Balances....................... Statement of Trust Fund Balances by Funds......... .. Summary of Trust Fund Investments......................

Schedule

E

Schedule

E-l

Schedule

E-2

Detail of Endowment Funds, Bonds....................... Detail of Endowment Funds, Common Stocks..............

Schedule E-2-1 Schedule E-2-2

Detail of Loan Funds, Bonds............................

Schedule E-2-3

Detail of Loan Funds, Common Stocks................ .

Schedule E-2-4

Statement of Receipts and Disbursements, Trust Funds...

,Schedule E-3

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

.Schedule

F

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

,Schedule

G

.Schedule

H

Statement of Operations of Plant Funds................ Summary of Investment in Plant......................... Statement of Investment in Plant...........

.Schedule H-l .Schedule H-2 .Schedule H-3

48

President 0. C. Aderhold

PART III Agricultural Extension Service

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

I

1 1 ^^#

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

J

Statement of Current Expenses.......

.Schedule

K

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

L

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

ScheduleM

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

Sch

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

Schedule0

Statement of Operations of Unexpended Plant Funds.................................. Schedule 0-1

Summary of Investment in Plant......................................................Schedule 0-2

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

Sch

PART IV Experiment Stations - General

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

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

Statement of Current Expenses.......................................................Schedule Q-l

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

Schedule

R

PART V Branch Experiment Station

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

ScheduleS

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

T

Statement of Current Expenses................................

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

V

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

W

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

ScheduleW-l

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

Sc

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

ScheduleW-3

49

President 0. C. Aderhold
PART VI College Experiment Station Balance Sheet........................................ ......*...... Statement o f Current Income........... ............... ............ Statement of Current Expenses.................................... . Statement of Operations of Restricted Funds............. . Statement of Changes in Cash Balances.......................... Statement of Unexpended Plant Funds................... ........... Statement of Operation of Unexpended Plant Funds................ . Summary of Investment in Plant................................... . Statement of Investment in Plant................................. .
PART VII Georgia Experiment Station
Experiment, Georgia Balance Sheet..................................................... Statement of Current Income...................................... Statement of Current Expenses.................................... Statement of Operations of Restricted Funds...................... Statement of Agency Funds.............................. .......... Statement of Changes in Cash Balances.......... ......... ........ Statement of Unexpended Plant Funds.............................. Statement of Operation of Unexpended Plant Funds................ Summary of Investment in Plant.............. .................... Statement of Investment in Plant........................... ......
PART VIII Georgia Coastal Plain Experiment Station
Tifton, Georgia Balance Sheet........................................ ............ Statement of Current Income...................................... Statement of Current Expenses.................................... Statement of Operation of Restricted Funds.......................
50

.Schedule

X

,Schedule

Y

Schedule

Z

.Schedule

AA

.Schedule

BB

.Schedule

CC

.Schedule

DD

,Schedule DD-1

.Schedule DD-2

.Schedule

EE

.Schedule

FF

.Schedule

GG

.Schedule

HH

.Schedule

II

.Schedule

JJ

.Schedule

KK

.Schedule KK-1

,Schedule KK-2

.Schedule KK-3

.Schedule

LL

.Schedule

MM

.Schedule

NN

.Schedule

00

i1
p Vs Af
>1 i9
*k
Ai
A Jk. A> 14
A4 >1 >M
|8
* 11
i
> li
>*1
v3
A, ..8
111
&< A. 4c
I1
J ypl
t\ |
|m

President 0. C. Aderhold

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

PP

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

QQ

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

RR

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

Schedule RR-1

Summary of Investment in Plant Fund............................................... Schedule RR-2

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

Respectfully Submitted,

Dated at Athens, Georgia

J. D. Bolton Comptroller

51

UNIVERSITY OF GEORGIA COMMENTS

This report is assembled on a basis of receipts and disbursements, 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; Continuing Education, Athens, Georgia; Agricultural Extension Service, Athens, Georgia; Experiment Stations - General, Athens, Georgia; Branch Experiment Stations, 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 eight parts, as follows:

Part I

Consolidated - All Units

Part II

University of Georgia - Including Continuing Education

Part III - Agricultural Extension Service

Part IV

Experiment Stations - General

Part V

Branch Experiment Station

Part VI

College Experiment Station

Part VII - Georgia Agricultural Experiment Station

Part VIII - Georgia Coastal Plain Experiment Station

52

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f!

UNIVERSITY OF GEORGIA
CONSOLIDATED ---------- ---

INCOME The following summary gives the source of income for Educational and General

purposes, and the percentages of each to the total.

Source

1959 - 60

Amount

Percent

Student Fees State Allotment Federal Appropriations Other Public Allocations Endowment Gifts & Grants Sales & Services Other Contract Overhead

$ 1,979,181. 8,152,500. 3,044,772. 1,244,582. 97,039. 2,096,364. 1,343,713. 49,605. 38,782.

10.97 45.17 16.87
6.90 .54
11.62 7.45 .27 .21

1960 - 61

Amount

Percent

$ 2,213,444. 8,961,000. 3,199,673. 1,351,973. 129,351. 2,246,762. 1,402,485. 46,593. 56,117.

11.29 45.70 16.32
6.89 .66
11.46 7.15 .24 .29

Totals

$18.046.538.

100.00

$19.607.398.

100.00

EXPENSES The following is a statement of Educational and General Expenditures by function

and the percentage of each to the total.

1959 - 60

Amount

Percent

1960 - 61

Amount

Percent

Administrative & General Student Welfare Physical Plant Libraries Instruction-Resident Research Services Related Extension & Public Service

$ 758,555. 279,009.
1,033,628. 439,385.
4,370,698. 4,032,170.
383,584. 6,199,762.

4.34 1.59 5.91 2.51 24.98 23.05 ,2.19 35.43

$ 848,402. 295,401.
1,287,584. 487,061.
4,781,493. 4,641,242.
416,780 6,378,332.

4.43 1.54 6.73 2.55 24.99 24.25 2.18 33.33

Totals

$17.496.791.

100.00

$19.136.295.

100.00

UNIVERSITY OF GEORGIA

INCOME

The following table reflects Educational and General Income and percentages of

income to the total for a two year period.

Source of Income
Student Fees State Allocation Federal Other Public Allocations Endowment Gifts & Grants Sales 6c Services Other Contract Overhead

1959 - 60

Amount

Percent

$ 1,543,074. 4,651,500. 72,124. 76,208. 97,039. 1,502,212. 129,163. 28,667. 38,782.

18.96 57.15
.89 .93 1.19 18.46 1.59 .35 .48

1959 - 60

Amount

Percent

$ 1,693,062. 5,108,000. 72,124. 80,426. 119,251. 1,759,192. 130,705. 27,296. 56,117.

18.72 56.47
.80 .88 1.32 19.45 1.44 .30 .62

Totals

$ 8.138.769.

100.00

$ 9.046.173;.

100.00

EXPENSES The following table presents a comparison of expenditures for Educational and
General purposes for four years.

Function
Administrative 6c General Student Welfare Plant Operations Library Instruction Research Extension 6e Public Service

1957 - 58
$ 413,082. 226,258. 674,947. 340,565.
3,060,327. 527,306. 340,164.

1958 - 59
$ 460,969. 245,897. 731,696. 367,633.
3,473,677. 566,948. 327,857.

1959 - 60 1960 - 61

$ 442,636. 279,009. 880,618. 411,781.
4,222,421. 858,605. 299,302.

$ 505,573. 295,401.
1,074,447. 456,641.
4,631,659. 1,237,851.
475,673.

Sub-totals Outlay
Totals

$5,582,649. 197,494.
$5,780,143.

$6,174,677.
Included Above
$6,174,677.

$7,394,372. $8,677,245.

Included Above

Included Above

$7,394,372. $8,677,245.

54

UNIVERSITY OF GEORGIA

The following table is a comparison of the preceding expenditures , expressed

in percentages to the total.
Function
Administrative & General Student Welfare Plant Operations Library Instruction Research Extension & Public Service Capital Outlay

Percent 1957-58
7.15 3.91 11.68 5.89 52.94 9.12 5.89 3.42

Percent 1958-59
7.47 3.98 11.85 5.95 56.26 9.18 5.31 Spread Out

Percent 1959-60
5.99 3.77 11.91 5.57 57.10 11.61 4.05

Percent 1960-61
5.83 3.40 12.38 5.26 53.38 14.27 5.48

Totals

100.00

100.00

100.00

100.00

The following table is a study of Instructional Costj, by schools and colleges.

These figures include persons employed on a twelve months basis, capital outlay and all

other Instructional Cost, except the nine month people who teach in the summer and other

Summer quarter cost. The figures for the College of Educatinn include Vocational

Agricultural Teacher Training, Vocational Home Economic Teacher Training, Demonstration

School and Physical Education.

The cost of the Dean of Faculties Office is prorated to all schools and colleges

School or College

1957-58

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

$ 280,582. 1,164,738. 225,408. 428,528. 68,421. 78,885. 118,073. 51,369. 88,817. 8,836. 93,693. 290,943.

1958-59
$ 311,493. 1,265,492. 248,481. 486,954. 75,629. 96,720. 119,050. 57,788. 78,870. 8,737. 102,555. 285,968.

1959-60

1960-61

$ 345,309. 1,687,010. 270,712. 521,077. 90,159. 130,773. 134,589. 86,722. 94,898. 9,688. 120,998. 285,107.

$ 381,240. 1,884,013. 282,820. 603,799. 106,696. 128,690. 150,224. 76,369. 99,517. 9,888. 140,091. 354,015.

Totals

$2,898,293.

$3,137,737.

$3,777,042. $4,217,362.

55

UNIVERSITY OF GEORGIA

The quarter hours taught by each school and college are shown in the following

table. Hours taught by the Graduate School are shown under the school or college in

which the student was majoring

School or College
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

1957-58
16,297 136,237
39,381 32,852
6,195 7,675 5,347 4,693 6,880 6,651 14,226

1958-59
17,157 153,290 43,996
35,426 7,139 8,497 6,528 5,174 7,325 6,366
13,929

1959-60
16,538 163,614
47,437 36,755
8,183 7,816 6,415 5,247 7,938 7,557 13,380

1960-61
16,206 181,735
51,804 37,527
8,172 6,958 6,554 6,164 8,416 7,639 12,372

Totals

276.434

304.827

320.880

343.547

The following table is a comparison of: Instructional Cost per student quart

hour, by schools and colleges for a four year period.

School or College

1957-58

1958-59

1959-60

1960-61

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

$17.22 8.55 5.72
13.04 11.04 15.38
9.61 18.93
1.28 14.09 20.45

$18.16 8.26 5.65
13.75 10.59 14.01
8.85 15.24
1.19! * 16.11 20.53

$20.88 10.31 5.71 14.18 11.02 17.22 13.52 18.09 1.22 16.01 21.31

$23.53 10.37 5.46 16.09 13.06 21.34 11.52 15.96 1.16 18.13 28.29

Total Average

$10.48

$10.29

$11.77

$12.28

56

UNIVERSITY OF GEORGIA

INCOME

AUXILIARY ENTERPRISES

The following is a comparison of income from Auxiliary Enterprises for the past four years.

Dormitories Dining Halls Book Store Printing Department Student Center Student Health Service

1957-58
$ 491,116. 513,439. 608,777. 119,806. 18,234.

1958-59
$ 648,303. 579,283. 660,142. 130,981. 18,421.

1959-60

1960-61

$ 695,308. 619,190. 605,888. 159,085. 23,056. 122,002.

$ 714,519 667,460 632,147 174,071 27,872 138,924

Totals EXPENSES
for the past four years.
Dormitories Salaries & Wages Op. Supplies & Exp. Capital Outlay

$1,751,372.

$2,037,130.

$2 .224.529. $2,354,993.

gives a comparison of expenses for Auxiliary Enterprises

1957-58

1958-59

1959-60

1960-61

$ 122,513. 193,845. 19,009.

$ 128,388. 202,680.
15,507.

$ 140,881. $ 149,885.

179,157.

179,094.

10,858.

24,935.

Total Dormitories
Dining Halls Salaries & Wages Op. Supplies & Exp. Capital Outlay

? 335,367.

$ 346,575.

$ 330,896. $ 353,914.

$ 100,145. 356,894. 8,833.

$ 106,051. 366,969. 6,916.

$ 119,131. 387,935. 7,840.

$ 128,495. 416,927. 8,827.

Total Dining Halls

L 465.872.

General Dorms & Dining Halls Salaries & Wages Operating Expense Rent to Trust Funds

$ 32,670. 791.
81,375. uth . 61,155. h.HHFA

? 479.936.
$ 37,684. 763.
157,399. 15,768.

$ 514.906. $ 554,249.

$ 40,454. 952.
191,374. 100,759.
65,000.

$ 44,302. 925.
220,705. 109^919.

Total General

1 - 175.991. $ 977.230.

211.614. $1,038,125.

398.539. $ 375,851. $1,244,341. $1,284,014.

57

EXPENSES (Continued)
Printing Department Salaries & Wages Operating Expenses Capital Outlay

UNIVERSITY OF GEORGIA AUXILIARY ENTERPRISES

1957-58
$ 53,462. 50,359. 9,846.

1958-59
$ 64,464. 55,882. 5,431.

1959-60

1960-61

$ 76,643. $ 83,713

57,608.

66,708

3,208.

1,947

Total Printing Department
University Stores Salaries & Wages Purchases & Op. Exp. Capital Outlay

? 113.667.
$ 59,002. 544,589. 1,979.

$ 125.777.
$ 64,794. 547,263. 3,666.

$ 137,459. $ 152.368.

$ 73,617. 556,695. 6,049.

$ 85,350 537,083. 3,418.

Total University Stores
Student Center Salaries & Wages Operating Exp. Capital Outlay

$ 605.570.

$ 615,723.

$ 636,361 $ 625,851.

$ 8,188. 4,245. 402.

$ 8,542. 4,385. 3,095.

$ 10,721. $ 10,964.

7,308.

9,623.

3,835.

3,864.

Total Student Center
Student Health Salaries & Wages Operating Expense Capital Outlay

12.835.

$ 16,022.

$ 21,864. $ 24.451.

$ (61,030.) (23,525.) ( 878.)

$ (67,689.) (22,404.) ( 1,659.)

$ 73,519. $ 78,413.

27,358.

38,631.

1,626.

2,635.

Total Student Health

I (85,433.)

Total Auxiliary Enterprises $1,709,302.

$ (91,752.) $1,795,647.

? 102,503. $ 119,679. $2 .142.528. $2,206,363.

58

UNIVERSITY OF GEORGIA

CONTINUING EDUCATION

The following summary is a comparison of the operations of Continuing Education for

the past two years, with percentages of each item to the total.

INCOME
Student Fees State Allocation Gifts & Grants Foods & Rooms Other

1959-60

Amount

Percent

$ 438,893. 268,000. 86,876. 512,980. 278.

33.58 20.50
6.65 39.25
.02

1960-61

Amount

Percent

$ 520,381. $ 293,000.
22,910. 518,577.
38.

38.41 21.63
1.69 38.27

Total Income

$1,307,027.

100.00

$1,354,906.

100.00

EXPENSES
Administration & General Plant Operations Instruction Extension & Public Service

$ 89,600. 25,493.
194,051. 848,242.

7.74 2.20 16.77 73.29

$ 100,410. 58,303.
198,264. 967,406.

7.58 4.40 14.97 73.05

Total Expense

$1,157,386.

100.00

$1..324.383.

100.00

59

UNIVERSITY OF GEORGIA AGRICULTURAL EXTENSION SERVICE

The following is a summary of income and percentages of income to the totals

for three years:

Source

1958'-59

1959 -60

1960 -61

Amount

Percent Amount

Percent Amount

Percent

State of Georgia $1,371,000.

Clarke County

5,970.

County Cooperation 1,115,898.

Federal Grants

2,073,327.

Gifts & Grants

47,252.

Other

254,502.

28.17 .12
22.92 42.59
.97 5.23

$1,516,150. 5,970.
1,156,254. 2,063,424.
53,976. 294,436.

29.79 .12
22.71 40.54
1.06 5.78

$1,669,000. 5,970.
1,218,577. 2,189,802.
42,544. 348,220.

30.49 .11
22.26 40.00
.78 6.36

Totals

$4,867,949. 100.00 $5,090,210. 100.00 $5,474,113. 100.00

A comparison of expense by object of expenditure is presented below in amounts

and percentages :

Object

1958 -59

1959-150

1960 -61

Amount

Percent Amount

Percent Amount

Percent

Salaries & Wages $4,024,238.

Trave1

455,116.

Op.Supplies & Exp.

348,720.

Equipment

18,492.

83.03 9.39 7.20 .38

$4,108,785. 545,805. 373,784. 23,844.

81.33 10.80
7.40 .47

$4,356,735. 511,838. 449,034. 41,830.

81.29 9.55 8.38 .78

Totals

$4.846.566. 100.00 $5.052.218. 100.00 $5.359.437. 100.00

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

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

cates the amount of Federal Funds Used, State and County Funds Used for Offset and Funds

Not Used for Offset.

No. Project

Funds Not Used

Total

Federal Funds Offset Funds

As Offset Expenditures

1. Administration

$ 50,700.00

la.Faculty 6c Staff Benefits

2. Information 3. County Extension Work

38,926.40 1,683,085.51

4. Home Economics 5. Agriculture

69,798.29 149,242.67

5a.Economics 6e Marketing 5b.Consumer Education 5c.Egg Marketing 5d.Dairy Marketing 5f.Cotton Ginning 6c Marketing

9,669.12 5,601.81 5,761.27 5,191.99

5h.Forestry Marketing

8,872.44

5i.Marketing Info. 6e Statistics 5k.Seed Marketing

4,717.64 4,984.92

5L.Entomology Survey

5m.Cotton Mkt. Educ. Service 6. 4-H Club Work

113.245.29

S2J49.797.35

$ 47,036.73 $ 2,852.00 $ 100,588.73

58,653.55

58,653.55

107,191.09

1,354.17

147,471.66

939,572.19 1,272,952.05 3,895,609.75

25,177.14

4,496.00

99,471.43

321,263.56

22,240.25

492,746.48

14,779.29

14,779.29

10,672.80 6,297.18

500.00

20,341.92 12,398.99

6,366.38 5,265.20

12,127.65 10,457.19

10,405.34 5,428.49 6,492.08

19,277.78 10,146.13 11,477.00

43,283.53^

9,592.27 11,059.14 276 r709.61m

9,592.27 11,059.14 433,238.43

$1.534.451.7 V $1.675.188.33 ^5.359.437.39

(1) Of this amount $36,924.41 was distributed by various counties.
(2) Of this amount $1,181,652.60 was distributed by various counties.
60

UNIVERSITY OF GEORGIA AGRICULTURAL EXTENSION SERVICE (Cont'd)

The following schedule indicates the Funds To Be Offset and the manner in

which they are offset:
Funds To Be Offset & Not To Be Offset Federal Funds
Smith-Lever & Bankhead Jones Research & Marketing Special Needs Rural Development
Total Federal Funds
Offset and Non-Offset Funds State, County & Non-Public Funds
State County (Distributed by Counties) Non-Publie-Ga.Crop Imp.Assn.
Total State,County & Non Pub.

Total

To Be Offset

Not to be Offset

$2,040,072.00 44.799.19 17.973.19 46.952.97

$1,471,679.33 44.799.19 17.973.19

$568,392.67 46,952.97

$2,149,797.35 $1,534,451.71

Total

Offset Funds

$615,345.64
NonOffset Funds

$ ls.$

$1,491,035.22 $ 36,924.41 6.492.08
$1,534,451.71 $

The following is a summary of expenditures by objects:

Objec:t

Disbributed By Distributed by

University

Counties

Total

Personal Service Travel Transportation of Things Communication Service HeatLight & Power Office Rent Printing Repairs to Equipment,etc. Insurance Supplies & Materials Equipment Retirement Contributions

$3,511,207.29 213,297.39 2,977.40 18,626.14 34,383.60
46,707.36 12,495.61 65,961.24 194,053.70 34,526.86
6,623.79

$ 838,904.25 298,540.56
19,503.36 910.52
9,653.51
43,761.63 7,303.18

$4,350,111.54 511,837.95 2,977.40 38,129.50 35,294.12 9,653.51 46,707.36 12,495.61 65,961.24 237,815.33 41,830.04 6,623.79

Percent
81.17 9.55 .06 .71 .66 .18 .87 .23 1.23 4.44 .78 .12

Totals

$4,140,860.38 $1,218,577.01 $5,359,437.39 100.00

61

--

EXHIBIT A

UNIVERSITY OF GEORGIA
CONSOLIDATED BALANCE SHEET June 30, 1961

ASSETS

I. CURRENT FUNDS A. GENERAL Cash on Hand & In Banks Cash in Transit Temporary Investments Inventories Accounts Receivable
TOTAL GENERAL
B. RESTRICTED Cash on Hand & In Banks Temporary Investments Accounts Receivable TOTAL RESTRICTED
c. AUXILIARY
Cash on Hand & In Banks Temporary Investments Inventories Accounts Receivable
TOTAL AUXILIARY
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Cash on Hand & In Banks Temporary Investments Accounts Receivable TOTAL AGENCY FUNDS
III.ENDOWMENT FUNDS Cash on Hand & In Banks Investments TOTAL ENDOWMENT FUNDS
IV. LOAN FUNDS Gash on Hand & In Banks Investments TOTAL LOAN FUNDS
V. PLANT FUNDS A. UNEXPENDED Cash on Hand & In Banks Temporary Investments Accounts Receivable TOTAL UNEXPENDED

$ 405,223.92 48,281.00
1,210,000.00 $ 34,578.83
35,483.91

$ 1,663,504.92 70,062.74

$ 1,733,567.66

$ 226,234.80 1,070,000.00

$ 1,296,354.80 86,060.95

1,382,415 .75

$

3,148.54

510,000.00 $ 513,148.54

234,110.49

2,459.90

749.718.93

$ 3,865,702.34

$ 117,455.12 580,000.00

$ 697,455.12 696.21

698,151.33

$ 101,485.81 2,829,609.28

2,931,095.09

$ 115,576.54 1.535.897.28

1,651,473.82

$ 68,903.13 1,764,414.28 165.240.71

$ 1,998,558.12

B. EXPENDED Land Buildings Improvement other than Bldgs. Equipment TOTAL EXPENDED

$ 2,752,036.17 40,049,577.12 1,567,731.50 10.824.614.26

TOTAL PLANT FUNDS

TOTAL ASSETS

64

55.193.959.05

57.192.517.17 $66.338.939.75

UNIVERSITY OF GEORGIA

EXHIBIT A

CONSOLIDATED BALANCE SHEET June 30, 1961

LIABILITIES

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

$

1,683.00

143,368.26

59,075.00

234,956.32

314.532.03

$ 753,614.61 979.953.05

$ 1,733,567.66

B. RESTRICTED

Fund Balances
C. AUXILIARY Purchase Orders Outstanding Unearned Income Reserves Surplus TOTAL AUXILIARY
TOTAL CURRENT FUNDS
II. AGENCY FUNDS

$

8,739.85

69,278.20

461.019.46

$ 539,037.51 210.681.42

1,382,415.75
749,718.93 3,865,702.34

Fund Balances

III.ENDOWMENT FUNDS Fun Fund Balances Reserves TOTAL ENDOWMENT FUNDS

IV. LOAN FUNDS Fund Balances Reserves TOTAL LOAN FUNDS

V. PLANT FUNDS

A. UNEXPENDED

Contracts Negotiated

$ 1,685,594.85

Purchase Orders Outststanding

206,467.06

Fund Balances

____ 106,496.21

TOTAL UNEXPENDED

B. EXPENDED

Due to Other Funds

$ 904,314.41

Equity of Univ.System Bldg.Auth.10,130,732.08

Investment in Plant

^44,158,912.56

TOTAL EXPENDED

TOTAL PLANT FUNDS Total Liabilities & Surplus
65

$ 2,879,316.76 51,778.33
$ 1,616,929.91 34,543.91
$ 1,998,558.12
55,193,959.05

698,151.33 2,931,095.09 1,651,473.82
57,192,517.17 $66.338.939.75

EXHIBIT B

UNIVERSITY OF GEORGIA
CONSOLIDATED STATEMENT OF CURRENT INCOME For Year Ended June 30, 1961

A. EDUCATIONAL AND GENERAL Student Fees Public Appropriation State-Regular & Vocational Federal Other (Counties-Ag.Ext.) Endowment , Gifts & Grants Sales & Services Other Contract Overhead

$8,961,000.00 3,199,672.75 1.351,972.79

TOTAL EDUCATIONAL & GENERAL
i B, AUXILIARY 1 Dormitories
Dining Halls Other

TOTAL AUXILIARY

c: STUDENT AID

1

Gifts & Grants

1 Endowment

TOTAL STUDENT AID

TOTAL CURRENT INCOME

D. PLANT FUNDS Sale of Property Gifts 6c Grants State of Georgia-Allocation Interest on Temporary Investments Other

TOTAL PLANT FUNDS

TOTAL INCOME T.V. Deposits Dormitory Deposits Fee Deposits Unearned Income

TOTAL RECEIPTS

$ 2,213,443.68

13,512,645.54 127,951.03
2,248,161.92 1,402,485.20
46,593.45 56,117.16
$19,607,397.98

$ 967,620.12 909,422.99 980,526.31

2,857,569.42

$ 145,121.60 20,006.05
165,127.65
$22,630,095.05

$

8,463.25

130,203.05

136,500.00

189,059.01

20,112.54

484,337.85

$23,114,432.90

$

4,800.00

14,035.00

5,600.00

31,345.05

55,780.05

$23.170.212.95

66

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UNIVERSITY OF GEORGIA

EXHIBIT C

CONSOLIDATED STATEMENT OF CURRENT EXPENSES For Year Ended June 30, 1961

Salaries &

A. EDUCATIONAL & GENERAL Administrative & General Student Welfare Physical Plant Libraries Instruction Research Services Related Extension & Pub. Serv.

$ 687,737.31 248,042.32 521,902.84 276,004.39
4,287,037.67 3,254,043.19
167,043.09 5,101,387.71

Op.Supplles & Expense
$ 150,933.11 38,186.32
723,778.38 19,672,73
278,277.96 981,232.22 245,207.60 1,213,130.16

Capital Outlay
$ 9,731.41 9,171.90
41,903.11 191,383.46 216,177.86 405,966.63
4,529.31 63,813.90

Total
$ 848,401.83 295,400.54
1,287,584.33 487,060.58
4,781,493.49 4,641,242.04
416,780.00 6,378,331.77

TOTAL EDUC. & GENERAL $14,543,198.52

B. AUXILIARY Dorm & Dining Halls Other

$ 501,207.62 263,239.83

$3,650,418.48 $ 942,677.58 _$19.136,294.58

$ 815,327.38 670,972.67

$ 37,312.37 11,864.76

$ 1,353,847.37 946,077.26

TOTAL AUXILIARY
C. STUDENT AID Scholarships Awards

$ 764,447.45

$1,486,300.05 $ 49,177.13 $ 2,299,924.63

$ 156,124.45

$

$

$ 156,124.45

2,459.18

2,459.18

TOTAL STUDENT AID
D. PLANT FUNDS Additions Debt Service

$ 158,583.63 $

$

$ 158,583.63

$

$ 121,628.44 $1, 197,152.08 $ 1,318,780.52

373,008.15

373,008.15

TOTAL PLANT FUNDS

i_______________ $ 494,636.59

TOTAL EXPENSE Scientific Stock Room Transfers Air Travel Re funds-Prior Years

$15,466,229.60

$5,631,355.12

TOTAL DISBURSEMENTS

$

$

$1, 197,152.08 $2, 189^006.79
$

$ 1,691,788.67
$23,286,591.51 19,447.11 25,198.81 178.00 65,629.88
$23.397.045.31

67

PART II U N I V E R S I T Y OF G E O R G I A
Athens, Georgia
Schedule A - Schedule H-3
69

UNIVERSITY OF GEORGIA

Schedule A

BALANCE SHEET June 30, 1961

ASSETS

1 : CURRENT FUNDS

Ai GENERAL

Cash on Hand & In Banks

Temporary Investments

Accounts Receivable

Students

Vocational Funds

Eastern Air Lines

Clarke County

$ 1.940.00

Less Res.for Doubt.Asset: 1.940.00

Ga.Securities Co.

$53,527.47

Less Res.for Doubt^Asset 53,527.47

Inventories-Scientific Sotreroom

TOTAL GENERAL FUNDS

27,438.96 870,000.00
1,378.50 28,286.45
517.40

B. RESTRICTED Cash on Hand & In Banks Temporary Investments Accounts Receivable TOTAL RESTRICTED FUNDS

C. AUXILIARY Cash on Hand & In Banks Temporary Investments Inventories Accounts Receivable

$ 897,438.96
30,182.35 19,447.11
3,321.09 970,000.00
64,140.63
3,148.54 510,000.00 234,110.49
2,459.90

$ 947,068.42 1,037,461.72

TOTAL AUXILIARY FUNDS
D, CONTINUING EDUCATION
Cash on Hand & In Banks
Temporary Investments
Cash in Transit
Inventories Accounts Receivable Air Travel Deposit
TOTAL CONTINUING EDUC. FUNDS
TOTAL CURRENT FUNDS
II. AGENCY FUNDS Cash on Hand & In Banks Temporary Investments Accounts Receivable TOTAL AGENCY FUNDS

105,767.84 230,000.00
48,281.00
9,930.38 580,000.00

749,718.93

384,048.84 15,131.72 2,779.50 425.00

402,385.06

$ 3,136,514.13

589,930.38 696.21

$ 590,626.59

70

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UNIVERSITY OF GEORGIA

Schedule A (Continued)

BALANCE SHEET June 30, 1961

LIABILITIES

I. CURRENT FUNDS A. GENERAL Fee Deposits Purchase Orders Outstanding Unearned Income Reserve for Work in Process Reserve for Insurance, Etc. Accounts Payable Surplus

$ 59,075.00 135,180.06 169,602.82 51,303.00 12,432.57
_______ 1 , 3 8 3 .0 0 $ 4 2 8 , 9 7 6 .4 5 518,091.97

TOTAL GENERAL FUNDS
B. RESTRICTED
Fund Balances
C. AUXILIARY Purchase Orders Outstanding Reserve for Inventories Reserve for Dormitory Deposits Reserve for Repairs & Replacement Unearned Income Surplus TOTAL AUXILIARY FUNDS
D. CONTINUING EDUCATION Purchase Orders Outstanding Reserve for Inventories Unearned Income Other Reserves Surplus
TOTAL CONTINUING EDUCATION FUNDS
TOTAL CURRENT FUNDS
II.AGENCY FUNDS
Fund Balances

947,068,42 f

1,037>461.72

$

8,739.85

234,110.49

157,810.00

6 9 ,098*.97

69,278120

210 ,6 8 1 ,42v

s
749,718.93

\

$

3,674.19

15,131.72

6 5 ,353?.50

1 4 0 , 9 3 5 f 20

177,290.45

402,385.0,6

t . $ 3,136,634.13

590,626.59

71

UNIVERSITY OF GEORGIA

Schedule A (Continued)

BALANCE SHEET June 30, 1961

ASSETS (Continued)

III.ENDOWMENT FUNDS

Cash on Hand & In Banks

Investments

Athens Federal Sav. & Loan Ass'n

$

U. S. Securities

Univ. Sys. Bldg.Auth.Bonds

State Sch.Bldg.Auth.Bonds

Other Bonds

Preferred & Common Stock

Real Estate

Loans to Fraternities

Univ. of Ga.Bldg.

Loss on sale of Bonds to be Amortized

TOTAL INVESTMENTS

4,411.62 494,890.00 859,811.50 536,000.00 100,000.00
63,257.84 3,500.00 7,400.00
760,280.20 58.12

$ 101,485.81 2,829,609.28

TOTAL ENDOWMENT FUNDS

$ 2,931,095.09

STUDENT LOAN FUND & MISC. FUNDS Cash on Hand & In Banks Investments
Athens Fed.Sav. & Loan Ass'n U. S. Securities State School Bldg.Auth.Bonds Univ. Sys. Bldg.Auth.Bonds Common Stock Loans to Fraternities Loan-Catholic Student Center Univ. of Ga. Building H. H. Hinton Property North Georgia College-Loan Notes Receivable-Students
TOTAL INVESTMENTS

$

3,314.16

110,610.00

94,000.00

93,861.00

1.00

8,617.54

8,851.53

137,232.24

6,801.97

25,837.66

1,046,770.18

$ 115,576.54 1,535,897.28

TOTAL STUDENT LOAN & MISC. FUNDS

1,651,473.82

PLANT FUNDS A. UNEXPENDED
Cash in Banks Temp. Investments Cash in Univ.System Bldg.Auth. Temporary Investments Bldg.Auth. Accts. Rec. Fraternities Accts. Rec. Trust Funds
TOTAL UNEXPENDED

$ 11,625.99 1,300,000.00
$ 20,110.03 444,414.28
$ 15,846.71 149,394.00

$ 1,311,625.99
464,524.31
165,240.71 $ 1,941,391.01

B. EXPENDED Land Buildings Improvements other than Bldg. Equipment TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL ASSETS

$ 767,723.97 34,382,863.74 1,355,498.56
7,759,244.86

44,265,331.13

$54.516.551.77

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UNIVERSITY OF GEORGIA

Schedule A (Continued)

BALANCE SHEET June 30, 1961

LIABILITIES (Continued)

III.Endowment Funds Fund Balances Reserve for Purposes of Trust

$ 2,879,316.76 51,778.33

TOTAL ENDOWMENT FUNDS
IV.STUDENT LOAN FUND & MISC. FUNDS Fund Balances Reserve for Purposes of Trust

$ 2,931,095.09
$ 1,616,929.91 34,543.91

TOTAL STUDENT LOAN FUNDS & MI SC. FUNDS
V. PLANT FUNDS A. UNEXPENDED Outstanding Purchase Orders Contracts Negotiated Fund Balances

1,651,473.82
$ 201,400.31 1,667,281.00 72,709.70

TOTAL UNEXPENDED
B. EXPENDED Due to Univ.of Ga. Trust Funds Equity of Univ. Sys. Bldg. Auth. Invested in Plant
TOTAL EXPENDED
TOTAL PLANT FUNDS TOTAL LIABILITIES & SURPLUS

$ 1,941,391.01

$ 904,314.41 9,645,924.88
33,715,091.84
73

44,265,331.13 46,206,722.14
$54,516,551.77

Schedule B

UNIVERSITY OF GEORGIA
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1961

EDUCATIONAL & GENERAL STUDENT FEES
Diploma Korean Veterans Matriculation Miscellaneous Music Fees Non-Resident Tuition Nursery School Summer Matriculation Summer Non-Resident Tuition Workshops Federal Ext. Fees

General Income

Restricted Income

Total

$

8,591.25 $

3,929.39

1,135,057.10

15,238.66

22,251.96

278,135.02

3,975.00

173,499.05

29,502.20

20,506.50

2,376.10

$

8,591.25

3,929.39

1,135,057.10

15,238.66

22,251.96

278,135.02

3,975.00

173,499.05

29,502.20

20,506.50

2,376.10

TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia
Dept, of Educ.-In Service Regular Operations Vocational Funds

$ 1,690,686.13 $ 2,376.10

1,693,062.23

$ 5,108,000.00

$ 2,450.41 77,975.37

$

2,450.41

5,108,000.00

77,975.37

TOTAL STATE

$ 5,108,000.00

United States Morrill Nelson Fund

TOTAL PUBLIC APPROPRIATIONS

$ 5.108.000.00

ENDOWMENT

Alumni Library

$

Franklin College

Franklin, Mary J.

Grace, Walter J.

Gilmer, George R.

Landscript

McKamy, David K.

Religion-on-Campus

W. H. Bocock

Smith, Jennie B.

Terrell, William

University of Georgia Foundation

J.H.R. Washington - Science

University of Georgia Foundation-Atlantic

Steel

Lumpkin Law School

Denmark

Alumni, Y.M.C.A.

$ 80,425.78

$ 72,124.28 $ 152,550.06

$

452.43

8,587.60

147.15

46.24

427.80

6,159.17

2,798.97

649.79

5.91

2,522.45

623.75

83,040.00

29.14

3,000.00 300.00
1,176.92 410.19

$ 5,188,425.78

$ 72,124.28 $ 5,260,550.06

$

452.43

8,587.60

147.15

46.24

427.80

6,159.17

2,798.97

649.79

5.91

2,522.45

623.75

83,040.00

29.14

3,000.00 300.00
1,176.92 410.19

74

UNIVERSITY OF GEORGIA Schedule B (Continued) STATEMENT OF CURRENT INCOME (Continued)

EDUCATIONAL AND GENERAL (Cont'd) ENDOWMENT (Cont'd)
E. T. Comer Edmund Magers Wm. P. Lamar

General Income

Restricted Income

Total

$

$ 8,533.76

$

8,533.76

3.50

3.50

336.26

336.26

TOTAL ENDOWMENT

$

GIFTS & GRANTS

Public Grants

State of Georgia

Dept. Educ. Consultative Serv.

$

Dept. Health & Mental Health

Game & Fish Comm.-Deer

Game & Fish Comm.-Wildlife

Milk Control Bd.-Ag.Short Course

Voc.Rehab. Adult Counsel

Cerebral Palsy-Spec.Educ.

GARC -Exceptional Children

Health Dept. Child Care

TOTAL STATE OF GEORGIA

Other States

Alabama - Deer Disease

$

Arkansas - Deer Disease

Florida - Deer Disease

Kentucky - Deer Disease

Louisiana - Deer Disease

Mississippi - Deer Disease

South Carolina - Deer Disease

Southern Regional Council - Vet. Med.

Southern Regional Counci1-Ag.Ed. Rei.

Tennessee - Deer Disease

Virginia - Deer Disease

Maryland - Deer Disease

South Carolina - Ag.Ed.Rel.

Mississippi - Ag.Ed.Rel.

TOTAL OTHER STATES

$

United States

Army Ordnance - Math Tests

$

Atomic Energy-Sav. River for Res

AEC - Sears

NSF - Anderson

NSF - Bacteriology

NSF - Byrd

NSF - Brahana NSF - Clark

NSF - Geology

75

$ 119,251.03

$ 119,251.03

$ 9,000.00 5,580.38 2,181.82 6,000.00 2,000.00 6,249.68 2,198.00 300.00
10,027.00
$ 43,536.88

$

9,000.00

5,580.38

2,181.82

6,000.00

2,000.00

6,249.68

2,198.00

300.00

10,027.00

? 43,536.88

$ 2,181.82 2,181.82 2,181.82 2,181.82 2,181.82 2,181.82 2,181.82
176,250.00 3,000.00 2,181.82 2,181.82 5,818.18 1,067.70 3,000.00
$ 208,772.26

$

2,181.82

2,181.82

2,181.82

2,181.82

2,181.82

2,181.82

2,181.82

176,250.00

3,000.00

2,181.82

2,181.82

5,818.18

1,067.70

3,000.00

$ 208,772.26

$ 4,901.91

$

4,901.91

25,070.00

25,070.00

10,929.75

10,929.75

5,800.00

5,800.00

5,000.00

5,000.00

3,300.00

3,300.00

8,800.00

8,800.00

1,200.00

1,200.00

3,900.00

3,900.00

UNIVER3TY OF GEORGIA

Schedule B (Continued)

STATEMENT OF CURRENT INCOME (Continued)

General Income

A. EDUCATIONAL & GENERAL (Cont'd)

GIFTS & GRANTS (Cont'd)

Public Grants (Cont'd)

United States (Cont'd)

RPCT Bacteriology

$

NSF Summer - Whitehead

NSF Migratory Birds

NSF Topology Students

NSF Topology Institute

NSF Marsh Grasses

NSF Utilization

NSF Uronic Acids

NSF Westfall 60-61

NSF Westfall Inst. 1961-62

NSF Under Graduate - Bacteriology

NSF Under Graduate - Entomology

NSF Under Graduate - Physics

NSF Under Graduate - Botany

NSF Under Graduate - Zoology

NSF Water Research

NSF Whitehead Students

NSF Amphibians

AEC Cormier

AEC James - Peacock

AEC Johnston

AEC Totter

ICA Cambodia

ICA Vietnam

NPS - Hartwell Dam

NPS Walter F. George

Restricted I n c o m e ________

$ 4,320.00 68,700.00 11,800.00 35,225.00 27,500.00 4,800.00 9,000.00 2,100.00
219,700.00 9,000.00 1,060.00 3,335.00
11,385.00 10,365.00
5,790.00 1,500.00 10,700.00 8,900.00 4,237.75 12,826.80 8,599.00 16,151.85 202,771.34 106,796.40 1,125.00 25,150.00

$ 4,320.00 68,700.00 11,800.00 35,225.00 27,500.00 4,800.00 9,000.00 2,100.00
219,700.00 9,000.00 1,060.00 3,335.00
11,385.00 10,365.00
5,790.00 1,500.00 10,700.00 8,900.00 4,237.75 12,826.80 8,599.00 16,151.85 202,771.34 106,796.40 1,125.00 25,150.00

76

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UNIVERSITY OF GEORGIA

Schedule B (Continued)

STATEMENT OF CURRENT INCOME (Continued)

General

Restricted

Income________ Income_____________ Total

A, EDUCATIONAL AND GENERAL (Cont'd)

GIFTS & GRANTS (Cont'd)

United States (Cont'd)

NSF - Kornfeld

$

NSF - In Ser. Inst.

NSF - Howe

NSF - Jacobs

NSF - Michael

NSF - Hunter

NSF - Metabolism

NSF - Lamb

NSF - Plummer

NSF - McRorie - Teachers

NDEA Spring - King

NDEA Summer - King

NDEA Oliver

National Defense Fellow

USOE Bledsoe

USPH Blake

USPH Cleveland

USPH - Cosgrove

USPH - DeAngelis

USPH - Fellowships

USPH - Hinton

USPH - Kent

USPH - Kornfeld

USPH - McClung

USPH - McGhee - Malaria

USPH - Mental Retardation

USPH - Odum

USPH - Soc. Sec. Fam.

AF - Peacock

AF - Zimmer

AF - Biosciences

AF - Gases

AF - Bowers

Water Law Study

HEW Mental Retardation Fellowships Small Business Administration

$ 9,000.00 7,450.00 5,300.00
10,200.00 4,000.00 3,100.00 10,100.00 3,000.00 12,000.00 21,035.00 56,575.00 47,757.00 24,238.00 40,000.00 7,000.00 13,499.00 21,252.00 2,708.00 8,536.00
338.00 4,612.00 1,454.00 1,793.00 6,515.00 9,242.00
156.00 3,000.00 6,000.00 6,571.35 7,672.10
797.15 31,663.87 22,305.81
2,023.09 13,500.00 13,900.00

TOTAL UNITED STATES

$________________ $1,330,033.17

Counties & Cities

Atlanta Bd. Educ. - Emory,Ga.

$

Decatur Bd.Educ.-Emory,Ga.

Fulton Co. Bd.Educ.-Emory,Ga.

Westminister Sch.-Atlanta-Emory,Ga

Marietta Bd. Educ. - Emory,Ga.

TOTAL COUNTIES TOTAL PUBLIC GRANTS

!_ 1 _______

$ 3,000.00 400.00
2,000.00 1,036.41
400.00
$ 6,836.41
$1,589,178.72

$

9,000.00

7,450.00

5,300.00 10,200.00 4,000.00

3,100.00 10,100.00

3,000.00 12,000.00

21,035.00

56,575.00 47,757.00

24,238.00 40,000.00
7,000.00

13,499.00 21,252.00

2,708.00

8,536.00

338.00 4,612.00

1,454.00 1,793.00

6,515.00 9,242.00

156.00 3,000.00 6,000.00

6,571.35 7,672.10

797.15

31,663.87 22,305.81

2,023.09 13,500.00 13,900.00

$ 1,330,033.17

$

3.000. 00

400.00

2.000. 00

1,036.41

400.00

$

6.836.41

$1,589,178.72

77

UNIVERSITY OF GEORGIA

Schedule B (Continued)

STATEMENT OF CURRENT INCOME (Continued)

General

Restricted

Income___________ Income____________ Total

A. EDUCATIONAL AND GENERAL (Cont'd)

GIFTS & GRANTS (Cont'd)

Private Sources

AI REA

$

Allstate Found.-For Driver Educ.

A.S.L.O. - Sessions

Auburn Univ. - Ag. Educ. Relations

Canine Parasit.

Emory Univ. - Atlanta Area

Educ. Surveys

Emory Univ. -Emory, Ga.

Emory Univ. T.V. Lund

Ford Foundation - Press

Ford Found. Delinquency

Ga. Power Co. - Ag.Educ.Relation

Gen. Educ. Bd.-Art

Gen.Elec.Membership Corp.-Ag.Ed.Rel.

Inst.of Life Ins.-For Family Finance

Nat. Pest Control

Landscape Arch.Ext.

Massengil - LaRocca

Morris-Foundation-Williams

Nat. Vit. - Williams

Newspaper Fund

N.C. State College - Ag.Ed.Relation

Little, Ila Dunlap Estate

Petroleum Fd .-Lamb

Price - Waterhouse

Ralston Purina

Texas Co.

Univ. Alumni Assn.

Univ. of Tennessee-Ag.Edu.Re1.

Westinghouse - Fac.Supplement

Wormsloe Found.-Press

Virginia Assn. Elec.Coop.-Ag.Ed.Rel.

Squibb Hartman

Tourist Rec. Keeling

Pop.Counc.Williams

Southern Association of Sec.Schools

TOTAL PRIVATE SOURCES

$

TOTAL GIFTS & GRANTS

$

11,817.23

$ 1,000.00 2,600.00 225.00 256.00 18,095.00
2,896.65 2,742.78 11,713.00 2,500.00 2,500.00
250.00 21,909.74
250.00 22,237.50
3,030.00 250.00
1,150.00 6,600.00 9,500.00 3,430.50 3,000.00 7,500.00 5,820.00 1,000.00 1,800.00
250.00 349.90 3,000.00 5,000.00 877.39 250.00 6,555.00 2,877.91 6,480.00 300.00

11,817.23 11,817.23

$ 158,196.37 $1,747,375.09

$

1,000.00

2,600.00

225.00

256.00

18,095.00

11,817.23

2,896.65

2,742.78

11,713.00

2,500.00

2,500.00

250.00

21,909.74

250.00

22,237.50

3,030.00

250.00

1,150.00

6,600.00

9,500.00

3,430.50

3,000.00

7,500.00

5,820.00

1,000.00

1,800.00

250.00

349.90

3,000.00

5,000.00

877.39

250.00

6,555.00

2,877.91

6,480.00 300.00

$ 170,013.60 $ 1,759,192.32

78

UNIVERSITY OF GEORGIA Schedule B (Continued) STATEMENT OF CURRENT INCOME (Continued)

A. EDUCATIONAL AND GENERAL (Cont'd) SALES & SERVICES Ag. Education Relations Bureau Business Research(Comer) Institute of Law & Govt. Library Literary Quarterly Research Shop Psychological Clinic Southeastern Resources Handbook University Press Veterinary Clinic Films, Business Admin. Other Sales

General

Restricted

Income___________ Income___________Total

$

$ 9,277.55

1,698.02

4,990.96

2,400.33

4,305.45

5,304.36

2,166.00

990.00

41,193.25

57,287.79

95.00

996.37

$

9,277.55

1,698.02

4,990.96

2,400.33

4,305.45

5,304.36

2,166.00

990.00

41,193.25

57,287.79

95.00

996.37

TOTAL SALES & SERVICES
OTHER SOURCES Ag. Extension Service General Experiment Station Mi sce1laneous Rents Rents (Marine Biology) Veterans Guidance

$ 118,739.51 $ 11,965.57

$ 130,705.08

$

8,500.00 $

4,300.00

1,868.36

775.00

11,647.94

204.50

$

8,500.00

4,300.00

1,868.36

775.00

204.50

11,647.94

TOTAL OTHER SOURCES

$ 27,091.30

TOTAL EDUC. & GENERAL INCOME

$ 6,956,334.17

Unearned Income (Net)

$

Fee Deposits (Net)

Transfers from:

Restricted Funds (Overhead)(Net)

Agency Funds

Restricted Funds College Sta.(OH)

Student Aid

General Funds

General Funds (Press)

Agency Funds (Overhead)

28,751.81 5,600.00
49,923.16 3,868.00 5,994.00 1,650.00
200.00

$

204.50

$2,033,722.35

1,600.00
225.00 2,880.00
304.10

$ 27,295.80
$ 8,990,056.52
28,751.81 5,600.00
49,923.16 5,468.00 5,994.00 1,875.00 2,880.00 304.10 200.00

TOTAL TRANSFERS TOTAL EDUCATIONAL AND GENERAL RECEIPTS

$ 95,986.97 $ 7.052.321.14

$ 5,009.10 $2,038,731.45

$ 100,996.07 $ 9.091.052.59

79

UNIVERSITY OF GEORGIA Schedule B (Continued) STATEMENT OF CURRENT INCOME (Continued)
General Income

Restricted Income

Total

B. CONTINUING EDUCATION STUDENT FEES Short Courses Extension Classes Albany Center Communications Gainesville Center Home Study Korean Veterans Marietta Center Rome Center Waycross Center Miscellaneous (Returned Checks)

$ 125,041.51 $ 119,876.00 29,791.00 82,272.07 15,197.00 56,000.71 2,504.00 41,387.75 14,966.00 33,957.50 (-)612.09

$ 125,041.51 119,876.00 29,791.00 82,272.07 15,197.00 56,000.71 2,504.00 41,387.75 14,966.00 33,957.50 (-)612.09

TOTAL STUDENT FEES
GIFTS State Dept. Education F.A.E. - Liberal Studies Outdoor Recreation - RR Co. USFH Teach Assts.
TOTAL GIFTS
AUXILIARY ENTERPRISES Food Gift Shop Rooms

$ 520,381.45 $

$ 520,381.45

$

$

746.79

$

746.79

7,916.00

7,916.00

11,500.00

11,500.00

2,746.91

2,746.91

$

$ 22,909.70

$ 22,909.70

$ 241,963.27 $ 23,512.86
253,100.43

$ 241,963.27 23,512.86
253,100.43

TOTAL AUXILIARY ENTERPRISES
PUBLIC APPROPRIATIONS State of Ga.-Regular Operation Miscellaneous

$ 518,576.56 $
$ 293,000.00 38.10

$ 518,576.56
293,000.00 38.10

TOTAL CONT.EDUC.-EDUC. & GEN.
OTHER T.V. Deposits Transfer from Restricted Unearned Income (Net)

$ 1,331,996.11 ? 22,909.70

$ 1,354,905.81

$

4,800.00 $

3,617.24

16,790.25

$

4,800.00

3,617.24

16,790.25

TOTAL CONTINUING EDUCATION INCOME

$ 1.357.203.60 $ 22.909.70

$ 1.380.113.30

80

UNIVERSITY OF GEORGIA Schedule B (Continued) STATEMENT OF CURRENT INCOME (Continued)

AUXILIARY ENTERPRISES DORMITORIES
Barracks Brown Candler Clarke Howell Law Graduate Lucy Cobb Mary Lyndon Mi Hedge Myers Hall Payne Hall T. W. Reed Hall Rutherford Small Dorms Soule Veterans Housing

General Income

Restricted Income

$ 37,377.50 $ 34,750.04 13,857.77 38,092.47 40,283.79 18,220.31 33,640.46 32,535.00
126,368.72 51,156.00
116,476.38 42,301.14
2,366.00 34,010.73 93,083.38

TOTAL DORMITORIES
DINING HALLS Payne Snelling Memorial Cafeteria

714,519.69 $
$ 73,521.63 $ 279,325.48 314,612.61

TOTAL DINING HALLS
OTHER Printing Department Student Center Student Health University Stores

$ 667,459.72 $
$ 174,070.61 $ 11,872.18
138,923.65 632,147.01

TOTAL OTHER

$ 957,013.45 $

TOTAL INCOME

$ 2,338,992.86 $

Transfer from Stores (Stu.Center)

$ 16,000.00 $

Transfer from Agency (Phi Delta Theta)

1,500.00

Unearned Income (Net)

(-) 14,197.01

Dormitory Deposits (Net)

14,035,00

TOTAL AUXILIARY ENTERPRISES

$ 2.356.330.85 $

Total
$ 37,377.50 34,750.04 13,857.77 38,092.47 40,283.79 18,220.31 33,640.46 32,535.00
126,368.72 51,156.00
116,476.38 42,301.14 2,366.00 34,010.73 93,083.38
$ 714,519.69
$ 73,521.63 279,325.48 314,612.61
$ 667,459.72
$ 174,070.61 11,872.18
138,923.65 632,147.01
$ 957,013.45
$ 2,338,992.86
$ 16,000.00 1,500.00
(-)14,197.01 14,035.00
$ 2.356.330.85

81

UNIVERSITY OF GEORGIA .Schedule B (Continued)
STATEMENT OF CURRENT INCOME (Continued)

General Income

STUDENT AID

ENDOWMENT

Advancement Art Fund

$

Black Carey Fund

W. J. Bryan Fund

J. B. Coipally Fund

Rebecca tfelton

Geo. R. Franklin

John C. Harris Fund

Sallie Maude Jones

George D. Kitzinger Fund

Dan McDougald Award

Hamilton McWhorter

Issac Meinherd Fund

Neil Reid Memorial Fund

H. B. Russell

Martin Reynolds Smith

Cecil Willcox Fund

A. F. Churchill - Scholarship

E. G. Dawson - Scholarship

Joseph R. Lamar - Scholarship

T. E. Mitchell - Scholarship

T. E. Mitchell - Cor.-Scholarship.

Jennie B. Myers Fund

Michael Award - Univ. of Ga. Found.

Michael Bert - Univ. of Ga. Found.

Geo. Foster Peabody

Wilson - Univ. of Ga. Found.

Stoddard - Sutton

Lamar Trotti - Scholarship

F. C. Tucker - Scholarship

Univ. Found. - Fattig

University of Georgia Foundation

Restricted Income

Total

$

360.75

$

583.52

8.04

71.58

79.11

420.33

39.00

1,552.00

317.17

504.56

15.70

34.50

1,100.00

44.00

126.00

74.00

719.00

51.00

2,000.00

1,755.00

1,742.00

150.00

1,000.00

24.70

14.00

100.00

100.00

357.09

914.00

249.00

5,500.00

360.75 583.52
8.04 71.58 79.11 420.33 39.00 1,552.00 317.17 504.56 15.70 34.50 1,100.00 44.00 126.00 74.00 719.00 51.00 2,000.00 1,755.00 1,742.00 150.00 1,000.00 24.70 14.00 100.00 100.00 357.09 914.00 249.00 5,500.00

TOTAL ENDOWMENT

$

GIFTS & GRANTS

American Business Club

$

Air Force Aid Society

Art Auction

Annonymous - Maki Wu

Atlanta Civitan Club

Atlanta Fed. Savings Schol.

Atlanta Newspaper

Atlanta Woman's Pan.Assoc.

Baptist Found. Texas

Barwick, E. T.

Baxley, J. C.

Bankers Fidelity Life Insurance

$ 20,006.05

$ 20,006.05

$

500.00 $

850.00

619.25

100.00

600.00

1,000.00

195.00

180.00

100.00

3,750.00

100.00

450.00

500.00 850.00 619.25 100.00 600.00 1,000.00 195.00 180.00 100.00 3,750.00 100.00 450.00

82

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I

UNIVERSITY OF GEORGIA
Schedule B (Continued) STATEMENT OF CURRENT INCOME (Continued)
General Income

"Restricted -Income

Total

STUDENT AID (Cont'd)

GIFTS & GRANTS (Cont'd)

BeIk Foundation

$

Booth - Peagler

Boswell Found. - Griffin

Bullock - Merriweather

Callaway Educ. - Scholarship

Calhoun - Rotary

Chemstrand Corp.

Cartersvilie, Jaycee

Castleberry Fund

Cary, Jennie

Coats - Clarke Company

Chi Psi Educ. Corp.

Cobb Educ. Fund

Colonial Dames of America

Continental Can - Forestry

Cooper, Wm. U/w

Dairy Schol. - Various

Dean, E. C.

Delta Air Lines

Downing, Georgia S. U/W

Dublin Bonded Warehouse

Elks National Foundation

Emp. L. Schol.

Forestry Schol. - for Earl Jenkins Mem.

Ga. Alumni Assn.

Ga. Federation Women's Club

Garden Club Ga. Schol.

Ga. Bankers Assn.

Ga. Voluntary Tech. Plan

Ga. Alpha Delta

Ga. Power Company

Ga. Co. Farm Coop.

G .E . Scho1.

General Motors Corp.

Ga. Farm Bureau

Georgia Rotary Stu. Fund

Georgia State Dept. Educ.

Goldbert Mem. Fund

Griffin Jaycees

Hanna Mfg. Company

Handley Ins. Company

Hightower - McDaniel

Homelite Corp. - Schol

Howard Schol. - Paper

International Mineral

Kiwanis Key Club

Kelemen Foundation - Fader

PM
y/'Yi: H

$
y 1A

500.00 400.00
iL,500.00 50.00
500.00 425.00 250.00 602.00 00.00 1,200.00 3,60.00
6,000,00 644,00
5,