Annual financial report, University System of Georgia, for the year ended June 30, 1968

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ANNUAL FINANCIAL REPORT
University System of Georgia
For the Year Ended June 30, 1968
REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA 244 Washington Street, S. W. Atlanta, Georgia 30334

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

Officers of the Board of Regents

John W. Langdale...............

Chairman

H. G. Pattiilo...... ......................... Vice Chairman

George L. Simpson, Jr............................ Chancellor

H. F. Robinson.............................. vice Chancellor

Mario J. Goglia................ Vice Chancellor for Research

Henry G. Neal........................... Executive Secretary

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

Treasurer

Term Expires
1971 1970 1975 1973 1972 1973 1974 1971 1974 1971 1970 1969 1975 1972 1969

?-?Q

TABLE OF CONTENTS Letter of Transmittal.................... .........
Summary...... .................... ... Consolidated Statements-University System of Georgia University System of Georgia - General Activities.... Georgia Institute of Technology, Atlanta............ Georgia State College, Atlanta......................
Medical College of Georgia, Augusta................. University of Georgia
Consolidated............................. . University, Athens......... ........ .......... Agricultural Extension Service, Athens......... Agricultural Experiment Station - General...... College Experiment Station, Athens............. Georgia Experiment Station, Experiment.... . Georgia Coastal Plain Experiment Station, Tifton Albany State College, Albany........................
Armstrong State College, Savannah............ ...... Augusta College, Augusta.... ............. .........
Columbys College, Columbus...... ......... ...........
Fort Valley State College, Fort Valley...............
Georgia College at Milledgeville, Milledgeville...... Georgia Southern College, Statesboro....... ........ . Georgia Southwestern College, Americus............... North Georgia College, Dahlonega..................... Savannah State College, Savannah......... ........... Valdosta State College, Valdosta......... .......... . West Georgia College, Carrollton.. .................. Abraham Baldwin Agricultural College, Tifton......... Albany Junior College, Albany........................
Brunswick Junior College, Brunswick.................. Dalton Junior College, Dalton........................ Gainesville Junior College, Gainesville........... Kennesaw Junior College, Marietta.................... Macon Junior College, Macon.......................... Middle Georgia College, Cochran...................... South Georgia College, Douglas.......................

1 2
. .8
. 27 . 39 . 109 . 131
. 161 . 167 . 267 . 275 , 279 , 301 ; 317
333 349 361
373 385
399 421 435 447 461 475 493 511 527
537 549 557 567 577 583 595

R EG EN TS DF TH E UNIVERSITY SYSTEM DF GEORGIA 2 4 4 WASHINGTON STREET, S. W. ATLANTA, GEORGIA 3 0 3 3 4

Dr. George L. Simpson, Jr. Chancellor University System of Georgia
Dear Dr. Simpson:
I am submitting herewith the Annual Financial Report of the University System of Georgia for the fiscal year ended June 30, 1968.
This represents the twenty-first 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.

JAB:mrd

James A/ B riss it, Treasurer December 31, 1968

1

Scope of Report

SUMMARY

The annual report contained herein reflects the financial operations of the University System for the fiscal year ended June 30, 1968. This report has been prepared generally in accordance with the recommen dations of the National Committee on the Preparation of a Manual on College and University Business Administration. All statements and schedules have been prepared on an accrual basis.
State Appropriation - $102.013.500

The General Appropriations Act of 1966 provided funds to the University System in the amount of $102,009,000. Included in this amount was a specific appropriation of $5,282,000 for the operation of the Eugene Talmadge Memorial Hospital as a teaching hospital for the Medical College of Georgia. The amounts received were as follows:

General Appropriations Act of 1966 Section 42 (A) University System Section 42 (B) Talmadge Memorial Hospital
Appropriation Approved by Budget Bureau University of Georgia Art Commission Project

$96,727,000 5,282.000 $102,009,000
4,500

Total State Appropriations Less: Lapsed Appropriation
Grants to Junior Colleges Authority Lease Rentals

$ 52,700 1,283.840

$102,013,500 1,336.540

State Appropriation Received Add: Withdrawn from Insurance & Hazard Reserve

$100,676,960 2,000.000

Total Funds Available

$102,676,960

The total State Appropriation for 1967-68 was $28,940,160 in excess of the amount received during the previous year.

The allocations made by the Board of Regents during 1967-68 were as follows :

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

$ 86,918,800 15,356,160 394,000 8,000

Total Allocations

$102,676,960

Income for Current Operations and Plant Purposes

The University System received income during the year, for current and plant purposes, the amount of $205,300,649. The general sources of income are set forth below in comparison with income from similar sources during previous year.

Source
State Appropriation Transfer from Insurance & Hazard Reserve Internal Income
For Educational & General Purposes For Auxiliary Enterprise Operations For Plant Additions & Improvements For Student Aid
Total Income

1966-67

1967-68

Increase or (Decrease)

$71,736,800 $100,676,960

-0-

2,000,000

$28,940,160 2,000,000

56,598,092 20,433,624 15,113,972 4,660.554

63,442,735 23,421,299
8,991,619 6,768.036

6,844,643 2,987,675 (6,122,353) 2.107.482

$168,543,042 $205,300,649 $ 36.757.607

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Expenditures for Current Operations and Plant Purposes

The expenditures for current operations and plant additions and improvements during 1967-68 are compared below with expenditures for the previous year.

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

1966-67
$111,281,346 16,985,906 26,542,694 4.683.915
$159.493.861

1967-68
$151,695,585 19,465,361 32,880,678 7.114.696
$211,156.320

Increase or (Decrease)
$ 40,414,239 2,479,455 6,337,984 2.430.781
$ 51.662.459

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


Function #

1966-67

Amount

%

1967-68

Amount

%

Increase or

(Decrease)

Amount

%

Student Fees

$ 22,906,886 19.9 $ 25,199,285 16.8 $ 2,292,399 10.0

Gifts and Grants

23,627,428 20.5 28,017,626 18.6

4,390,198 18.6

Endowments

399,302

.3

305,470 .2

(93,832)(23.5)

Sales and Services

9,342,152 8.1

8,680,587 5.8

(661,565) (7.1)

m

Other

322.324 .3

1,239,767

.8

917,443 284.6

*

Total Internal Income $ 56,598,092 49.1 $ 63,442,735 42.2 $ 6,844,643 12.1

State Appropriation

58.750.550 50.9 86,918,800 57.8 28,168.250 47.9

f

Total Income

$115,348,642 100.0 $150,361,535 100.0 $ 35.012.893 30.4

Educational and General Expenditures

The expenditures for Educational and General purposes are compared by function in the folic



table with those for the previous year.

%

Function

1966- 67

Amount

$

1967- 68

Amount

%

Increase or

(Decrease)

Amount

1

i

Administration

$ 5,286,065 4.6 $ 7,558,437 5.0 $ 2,272,372 43.0

General

4,414,221 4.0

7,176,371 4.7 2,762,150 62.6

i

Student Welfare

1,704,525 1.5

2,315,062 1.5

610,537 35.8

Plant Operations

7,611,600 6.9 11,158,015 7.4 3,546,415 46.6

Library

4,357,232 3.9

6,880,035 4.5 2,522,803 57.9

Instruction

42,272,116 38.0 57,479,087 37.9 15,206,971 36.0



Activities Related to Inst 7,836,749 7.0

9,639,353 6.4 1,802,604 23.0

*

Research

25,386,934 22.9

Extension & Public Service 12.411.904 11.2

34,754,274 22.9 14.734.951 9.7

9,367,340 36.9 2.323.047 18.7



Total

$111,281,346 100.0 $151,695,585 100.0 $ 40.414.239 36.3

Educational and General Surplus

On an accrual basis as set forth in the Statement of Surplus to be found later in this report funds applied to the operation of the University System exceeded income for the current year by $1,334,050. The source of these expenditures in excess of income was surplus balance from prior year. Expenditures were made in compliance with a policy decision to catch up on a back log of equipment needs in the various institutions. Surplus was further reduced by adjustments and transfers to other funds in the amount of $184,773 and increased by a reduction in surplus reserves of $46,739.

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, 1967.

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

Increase or June 30, 1967 June 30, 1968 (Decrease)

$13,202,118 3,860,374 1,299,524 78,007

$13,966,658 2,707,722 1,472,427 59,311

$ 764,540 (1,152,652) 172,903 (18.696)

$18,440,023 $18,206,118 $ (233.905)

*4
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*

Liabilities and Surplus
Accounts Payable Purchase Orders Outstanding Due to Other Funds Unearned Income Restricted Fund Balance Reserve for Stores Reserve for Working Capital Other Reserves Unappropriated Surplus
Total Liabilities and Surplus

Increase.or June 30, 1967 June 30, 1968 (Decrease)

$ 860,903 2,013,790

$ 2,616,860 5,593,655

$ 1,755,957 3,579,865

2,910,043 4,197,167 1,723,821 2,100,000 1,852,179 2.782,120

3,287,619
1,864,723 2,090,000 1,513,243 1.240,018

377,576 (4,197,167)
140,902 (10,000) (338,936) (1.542,102)

$18,440,023 $18,206,118 $ (233T905")

Auxiliary Enterprise Operations

The income and expenditures of Auxiliary Enterprise operations during the year are set forth below in

comparison with the previous year.

Increase or

Income

1966-67

1967-68

(Decrease)

Student Housing Faculty Housing Food Services Bookstores & Student Centers Student Health Services Other Activities

$ 5,468,197 280,077
6,793,425 4,973,018
982,261 1,936,646

$ 6,463,193 270,947
8,014,948 5,075,812 1,114,044 2,482,355

$ 994,996 (9,130)
1,221,523 102,794 131,783 545,709

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Total Income
Expenditures
Student Housing Faculty Housing Food Services Bookstores & Student Centers Student Health Services Other Activities
Total Expenditures

$20,433,624
1966-67
$ 3,439,709 157,248
5,846,501 5,028,815
806,385 1.707.248
$16,985,906

$23,421,299
1967-68
$ 4,356,289 177,499
7,264,936 4,758,317
939,610 1.968,710
$19,465,361

$ 2.987.675
Increase or (Decrease)
$ 916,580 20,251
1,418,435 (270,498) 133,225 261.462
$ 2.479.455

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The above comparisons are made on the accrual basis. As reflected in the Statement of Surplus found later in this report, the income from operations exceeded expenditures by $3,955,938. This net income in this report, the income from operations exceeded expenditures by $3,955,938. This net income when added to surplus as of July 1, 1967 of $2,002,766 provided available surplus of $5,958,704, of which $5,302,167 was applied to authority lease rentals, increases in surplus reserves, transfers to otherfunds and routine surplus adjustments. After these transactions Auxiliary Enterprise Surplus in the amount of $656,537 remains which is a decrease of $1,346,229 for the fiscal year.

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Student Aid

4

Income received for Student Aid during the year amounted to $7,169,172. Of this amount $401,136 was

allocated by the Board of Regents. ($394,000 from 1967-68 State Appropriation and $7,136 from State

M Appropriation, prior years). The current year's appropriation of $394,000 was earmarked for the following

stated purposes: (1) Graduate Scholarships $135,000 (2) Regents Scholarships $200,000 and

* (3) Southern Regional Educational Board $59,000.

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 4

1966-67

1967-68

Increase or (Decrease)

Endowment Income

Gifts and Grants



State of Georgia

$ 63,795 4,596,759 428.250

$ 153,718 6,614,318 401.136

$ 89,923 2,017,559
____ (27,114)

4

Total Income

$ 5.088.804 $ 7.169.172 $ 2.080.368

4 Expenditures
4

Fellowships

4

Scholarships

College Work Study Program

Educational Opportunity Grants & Other

* Total Expenditures

1966-67
$ 2,005,813 1,175,234 1,030,239 472,629
4.683.915

1967-68
$ 3,331,026 1,456,344 1,247,810 1,079.516
$ 7.114.696

Increase or (Decrease)
$ 1,325,213 281,110 217,571 606.887
$ 2.430.781

Agency Funds

The University System held Agency Funda Assets at the end of the year in the amount of $6,281,533. 4 This consisted of funds received and held by various units as custodians, and for the most part repre
sented unexpended student activity fees, funds of student organizations, 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 $9,032,160 which was $563,749 greater than the assets held at the beginning of the year. The assets held at June 30, 1968, were composed of demand deposits in the amount of $292,670; time deposits of $136,440 . and investments totaling $8,603,050.
4 Student Loan Funds

f

The total assets of Student Loan Funds amounted to $10,497,540 on June 30, 1968, as compared with

assets of $9,239,898 at the beginning of the year. Most of this increase was due to funds received for

student loans under the National Defense Educational Act. The assets consisted of cash in the amount of

$356,848, student notes receivable of $9,497,295, and investments totaling $643,397. 4

Income for Plant Additions and Improvements 4

The income received during the year for plant purposes is compared in the following summary by 4 sources with income received during 1966-67.

4

4

Source

1966-67

1967-68

Increase or (Decrease!

4

State Appropriation

Gifts and Grants

4

Private

Public

4

Interest on Temporary Investments

Other Sources 4

Total Income 4

$12,550,000
1,221,386 11,960,440
1,331,558 600.588
$27.663.972

$15,356,160
584,325 6,016,171 1,712,455
678.668
$24.347.779

$ 2,806,160
(637,061) (5,944,269)
380,897 78,080
$(3.316.193!





5

Plant Fund Expenditures

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

Expenditures For:

1966-67

1967-68

Increase or (Decrease)

Plant Additions Debt Service (Principal & Interest) Georgia Education Authority Rentals Other Expenditures

$14,545,856 83,919
10,792,566 1,120,353

$17,304,842 59,277
13,678,963 1,837,596

$ 2,758,986 (24,642)
2,886,397 717,243

Total Expenditures

$26,542,694 $32,880,678

$ 6.337.984

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To obtain the total picture of plant additions, it is necessary to look at the activities of the Georgia Education Authority (University). 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 30,1968, the Authority had issued bonds totaling $243,085,000 of which $213,739,000 was outstanding at the close of the year. During 1967-68 the Authority retired bonds of previous issues amounting to $5,270,000. Funds were held in the Sinking and Reserve Fund accounts of the Authority on June 30, 1968, in the amount of $ 10,739,268.for future debt service requirements. A total of 227 projects had been completed or were under construction as of the end of the year, with total expenditures under Authority financing having amounted to $170,066,790. Of the total amount expended by the Authority, $31,483,259 was expended during 1967-68 on 81 projects under construction. The Authority held funds at June 30, 1968, in the amount of $103,409,874 for the completion of unfinished projects and for the construction of other projects not then under contract. As will be noted above, the University System paid $13,678,963 to the Georgia Education Authority (University) during 1967-68 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 $23,834,106. This amount was composed of bank demand deposits of $4,271,740; bank time deposits of $15,808,886; investments of $3,310,529 amounts due from other funds of $107,291 and accounts receivable of $335,660.

Of the above assets, $291,503 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; $2,501,782 was reserved for the Insurance and Hazard Fund; $2,479,316 was reserved for the Auxiliary Replacement Fund; and $13,426,683 represented unexpended balances held for the completion of projects in progress.

Investment in Plant

I

-----------------------
The University System had a total investment in physical plant assets at June 30, 1968 in the amount

of $388,910,723. This represents an increase of $57,101,447 over the investment reported at the end of

the previous year.

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The investment in plant at the end of the year as compared with that at June 30, 1967 is summarized as follows:

Plant Assets
Land Buildings Improvements Other Than Buildings Equipment

Increase or June 30, 1967 June 30, 1968 (Decrease)

$ 16,811,816 229,952,399 11,602,247 73,442,814

$ 17,095,966 264,632,751 15,000,354 92.181,652

$ 284,150 34,680,352 3,398,107 18,738.838

Total Plant Assets

$331.809.276 $388.910.723 $ 57.101.447

During the year $46,000 of Series "A" Georgia Institute of Technology Revenue Bonds were retired, leaving a balance of $286,000 outstanding of the original issue of $4,000,000. The bonds outstanding bear interest at the rates of 2 1/4% and 2% and have maturity dates of May 1, 1978.

4
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In addition to the bonded indebtedness referred to above, a total of $1,605,522 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 increase in indebtedness of $368,664. The balance is being amortized over a period of years with interest from the net income of the projects financed by the loans.
It should be noted that buildings constructed by the Georgia Education Authority (University) have been lnciuded m the plant assets of the University System even though title to the property is held by the 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 Georgia Education Authority (University) in the pro rata amount of bonds
t ^ i n g Jjppiicabie to the projects included as assets. This equity at June 30, 1968, amounted to i?l/y,53J,816 as against assets included of $170,066,790.

,,f

? plant f $388>910-723> gainst hich bonds ,,ere outstanding In the amount

1

?;>605522

due to Endowment and Student Loan Funds; Loans payable due other funds

of $16,531; and equity of $129,553,816 was held by the Georgia Education Authority (University)- the

University System had a net investment in plant of $257,448,854.

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

d f- 6S-f

diversity System at June 30, 1968. In addition to the consolidated statements,

detailed financial reports of the operations of the individual units of the University System may be

found m this report.

J*

1

7

UNIVERSITY SYSTEM OF GEORGIA

CONSOLIDATED BALANCE SHEET

Y

June 30, 1968

ASSETS

CURRENT FUNDS

A. GENERAL

Cash in Bank

Demand Deposits

$ 2,858,710.62

Time Deposits

11.107.947.34 $13,966,657.96

.V

Accounts Receivable

2,707,722,22

Stores (Inventories)

1,472,427.10

Due from Other Funds

59,311.46

TOTAL GENERAL FUNDS
B. RESTRICTED Cash in Bank Demand Deposits Time Deposits Investments Accounts Receivable TOTAL RESTRICTED FUNDS
C. AUXILIARY Cash in Bank Demand Deposits Time Deposits Accounts Receivable Inventories-Merchandise

$18,206,118,74

$ 1,603,818.57 1.341,999.14 $ 2,945,817.71 537.25 1.384,521.79

4,330,876.75

$ 974,973.75 2,053,219.22 $ 3,028,192.97 195,576.98 2,152,786.87

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TOTAL AUXILIARY

5,376,556.82

>t

TOTAL CURRENT FUNDS
II. AGENCY FUNDS Cash in Bank Demand Deposits Time Deposits Investments Accounts Receivable

$27,913,552.31 |j$>

$ 1,677,37, 04

4,556,838.78 $ 6,234,214.82



18.75

47,299.64

TOTAL AGENCY FUNDS

6,281,533.21 Vi

III.

ENDOWMENT FUNDS Cash in Bank Demand Deposits Time Deposits Investments U.S. Securities GEA-University Bonds GEA-School Bonds Other Bonds Preferred & Common Stock Real Estate Real Estate Mortgages University System Buildings Other Investment

H

$ 292,669.79
136,439.54 $ 429,109.33

$ 3,356,490.00

1,728,992.76

.

91,100.00

504,919.90

586,988.91

y

93,931.36

58,822.32

1,568,663.14

613,142.62 8,603,051.01

m

TOTAL ENDOWMENT FUNDS

9,032,160.34

8

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UNIVERSITY SYSTEM OF GEORGIA

1

CONSOLIDATED BALANCE SHEET

June 30, 1968 4

LIABILITIES. SURPLUS. AND FUND BALANCES

I . CURRENT FUNDS

H

A. GENERAL

4

Accounts Payable

Purchase Orders Outstanding

4

Reserve for Unearned Income

Reserve for Stores

#

Reserve for Working Capital

Other Reserves

Unappropriated Surplus

TOTAL GENERAL FUNDS

$ 2,616,860.14 5,593,655.00 3,287,619.32 1,864,722.64 2,090,000.00 1,513,243.27 1,240,018.37 $18,206,118.74

B. RESTRICTED

4

Fund Balance

4

$ 4,330,876.75

4(

%

TOTAL RESTRICTED FUNDS

*r

C. AUXILIARY

Accounts Payable

Purchase Orders Outstanding

Due to Other Funds



Reserve for Unearned Income

Reserve for Inventories-Merchandise

4

Other Reserves

Unappropriated Surplus

4

TOTAL AUXILIARY

TOTAL CURRENT FUNDS

4,
II. AGENCY FUNDS Fund Balance

4,330,876.75

$ 179,623.30 13,163.38
280,384.49 1,172,234.86 2,351,230.19
723,383.51 656.537.09

5,376,556.82

$27,913,552.31

$ 6,281,533.21

*

f

___________



TOTAL AGENCY FUNDS

6,281,533.21

* III. ENDOWMENT FUNDS Fund Balance

$ 9,032,160.34

4 * 4

4
TOTAL ENDOWMENT FUNDS
4 4
9

9,032,160.34

UNIVERSITY SYSTEM OF GEORGIA

ASSETS (Continued)

IV. STUDENT LOAN FUNDS Cash in Bank Demand Deposits Time Deposits Student Notes Receivable Investments U.S. Securities GEA-University Bonds GEA-State Bonds Real Estate Mortgages University System Buildings Other Investments
TOTAL STUDENT LOAN FUNDS

$ 305,500.01 51.348.13 $ 356,848.14 9,497,295.00

$ 235,847.04 56,262.67 50,900.00 9,453.01 36,858.98
254,074.74

643.396.44

$10,497,539.58

V. PLANT FUNDS A. UNEXPENDED Cash in Bank Demand Depositas Time Deposits Accounts Receivable Investments Due from Other Funds TOTAL UNEXPENDED

$ 4,271,739.82 15,808,885.79 $20,080,625.61 335,660.50 3,310,528.70 107.290.87 $23,834,105.68

B. INVESTED IN PLANT Land Buildings Improvements Other Than Bldgs. Equipment

$ 17,095,966.00 264,632,751.30 15,000,353.81 92,181,652.27

TOTAL INVESTED IN PLANT TOTAL PLANT FUNDS TOTAL ASSETS

388.910,723.38 412,744,829.06 $466.469.614.50

UNIVERSITY SYSTEM OF GEORGIA

,,

LIABILITIES, SURPLUS, AND FUND BALANCES (Continued)

4 IV. STUDENT LOAN FUNDS Fund Balance

* 4
4

$10,497,539.58

V

4

TOTAL STUDENT LOAN FUNDS

4

V. PLANT FUNDS

A. UNEXPENDED

4

Reserve for Insurance & Hazards

Reserve for Bond Sinking Fund

4

Reserve for Replacements-Auxiliary

%

Fund Balance

TOTAL UNEXPENDED

B. INVESTED IN PLANT

Loans Payable to Endowment Funds

Loans Payable to Loan Funds

4

Loans Payable to Others

Bonds Payable

4

Equity of GEA- University

Net Invested in Plant

4

TOTAL INVESTED IN PLANT

4

TOTAL PLANT FUNDS

TOTAL LIABILITIES, SURPLUS AND FUND BALANCES
*

1 f * 4

4
4 4

4 4

4

4 4



------------
$10,497,539.58 $ 2,501,782.44
291,503.34 2,479,316.38 18,561,503.52
$23,834,105.68 $ 1,568,663.14
36,858.98 16,530.67 286,000.00 129,553,815.55 257.448.855.04
" 388.910.723.38 412.744.829.06
$466.469.614.50
il

UNIVERSITY SYSTEM OF GEORGIA

SOURCES ON INCOME OF THE UNIVERSITY SYSTEM, 1967-68

State Appropriation

Transfer from Insurance & Hazard Reserve

Internal Income

Educational and General

Student Fees

Gifts and Grants Private

$ 2,123,671.24

Federal

20,662,035.61

Public, Other

5,321,918.88

Endowments

Sales and Services

Other Sources

Total Educational & General Income

$ 25,199,285.66
28,017,625.73 305,469.57
8,680,586.97 1,239,767.43

$ 63,442,735.36

Auxiliary Enterprises Student Housing Faculty Housing Food Services Student Center & Bookstore Student Health Services Other Activities Total Auxiliary Enterprise Income

6,463,192.71 270,947.27
8,014,948.26 5.075.812.34 1.114.044.34 2,482,354.46

23,421,299.38

Plant Funds

Gifts and Grants Private Federal Public, Other

$ 584,325.00 5,714,120.23 302,050.94

Interest on Temporary Investments

Other Sources

Total Plant Fund Income

$ 6,600,496.17 1,712,454.89 678,667.64

8,991,618.70

Student Aid Gifts and Grants Private Public Endowment Total Student Aid Income

$ 1,688,990.25 4,925,327.56

$ 6,614,317.81 153,718.21

6,768,036.02

Total Internal Income
Total Income From All Sources-Current Year Add: Revenue Applied from Prior Years' Balances, All Funds

Total Funds Applied For All Functions-Current Year

$100,676,960.00 2, 000, 000.00
$102,623,689.46 $205,300,649.46
5,863,669.22 $211,164,318.68

12

UNIVERSITY SYSTEM OF GEORGIA CLASSIFICATION OF EXPENDITURES OF THE UNIVERSITY SYSTEM, 1967-68

Educational and General Administration General Student Welfare Plant Operations Library Instruction General Sponsored Activities Related to Instruction Research General Sponsored Extension & Public Service Total Educational & General Expenditures
Auxiliary Enterprise Student Housing Faculty Housing Food Services Student Health Services Other Activities Total Auxiliary Enterprise Expenditures
Plant Funds Additions to Plant-Capital Improvements Debt Service Rentals Paid to GEA (University) Other Expenditures for Plant Total Plant Fund Expenditures
Student Aid Fellowships Scholarships College Work-Study Program Educational Opportunities Grants & Others Total Student Aid Expenditures
Interest on Constitutional Debt
Total Expenditures for All Functions-Current Year

$ 7,558,437.29 7,176,370.65
2,315,061.76 2,315,016.76 11,158,015.32 6,880,034.64

$55,100,017.94 2,379,068.89 57,479,086.83 9,639,352.89

$18,879,087.69 15,875,186.77

34,754,274.46 14,734.950.99

$151,695,584.83

$ 4,356,289.06 177,498.96
7,264,936.48 939,609.90
1.968.709.51

19,465,360.77

$17,304,842.29 59,277.07
13,678,963.00 1,837.595.22

32,880,667.58

$ 3,331,025.91 1,456,343.54 1,247,809.62 1,079.516.43

7,114,695.50

8,000.00

$211.164.318.68

UNIVERSITY SYSTEM
STATEMENT OF EDUCATIONAL For Year Ended

STUD Matriculation

ENT

F EE S

Non-Resident

Tuition

Other

GIFT S

&

Pub

Pr ivate

Federal

$ 2,427,953.30 $ 2,284,677.90 $

Southern Tech. Institute

315,858.91

44,139.95

Agricultural Exp. Station

Agricultural Ext. Division Georgia State College

2,552,066.36

166,228.40

Medical College of Georgia

359,464.23

Eugene Talmadge Hospital

University of Georgia

4,977,574.28 1,227,240.00

Continuing Education Center

774,219.88

Agricultural Exp. Station

Agricultural Ext. Service

31,404.13 $ 10,226.20
220,194.25 8,040.00
538,601.50

454,378.90 $ 2,348,201.20

5,725.00

34,000.00

2,988,006.25

46,923.48

166,646.02

303,845.29

442,624.53 2,838,448.60

39,477.57

508,114.07 5,364,625.02

16,892.12

286,907.67

282,236.42 2,143,253.96

53,381.29 2,767,621.51

Albany State College Armstrong State College Augusta College Columbus College Fort Valley State College Georgia College at MilledgevilLe Georgia Southern College Georgia Southwestern College North Georgia College Savannah State College Valdosta State College West Georgia College

515,791.11 392,115.00 597,406.95 265,317.70 472,474.94 385,429.75 1,179,821.15 513,766.88 332,700.47 426,276.10 634,738.80 909,531.21

Abraham Baldwin Agric. College Albany Junior College Brunswick Junior College Dalton Junior College Gainesville Junior College Kennesaw Junior College Macon Junior College Middle Georgia College South Georgia College

321,797.00 162,730.52 124,204.67
91,729.12 153,256.19 219,763.63
364,454.68 199,284.00

Regents Office State Technical Services Grants to Junior Colleges

23,241.02 19,139.00 111,301.25 32,198.00
9,460.64 33,502.50 137,945.00 27,656.00 45,539.00 20,578.75 117,278.06 26,172.60
36,176.50 4,218.50 4,518.73 1,455.00 1,575.00 2,628.00
7,701.00 45,245.00

4,270.25 29,767.63 29,778.87 21,400.50 36,847.08 36,611.03
7,634.00 2,923.95 5,348.50 9,684.25 27,283.00 38,549.00
10,043.00 6,362.00 3,689.00 22.00 789.00 6,725.48
2,942.41 10,606.00

16,682.47 13,483.05
540.00 5,430.63 88,340.58 9,383.33
628.80 207.50 1,063.87 7,181.79
2,000.00
348.72
50.00
618.87 8,235.71

118,897.76 22,228.44 34,914.89
111,955.32 265,595.73
29,693.63 153,555.96
14,458.00 29,816.61 302,904.02 29,886.85 98,582.00
47,805.98 10,473.00
6,640.00 9,099.00
81,102.97 33,382.30
12,500.00 126,710.17

TOTALS

Sl9-669.726.83 S 4.429.815.80 $ 1-099.743.03 $ 2.123.671.24 $20.662.035.61

14

UNIVERSITY SYSTEM
STATEMENT OF EDUCATIONAL For Year Ended

Administration

General

Student Welfare

Plant Onerations

Library

Georgia Institute of Technoloby $ 1,050,165.80 $ 1,136,331.42 $

Southern Technical Institute

91,747.53

92,912.23

Engineering Exp. Station

Engineering Ext. Division

41,930.92

Georgia State College

629,116.03

522,573.53

Medical College of Georgia

385,394.70

344,394.84

Eugene Talmadge Hospital

University of Georgia

1,461,319.11 2,112,666.56

Continuing Education Center

Agricultural Exp. Station

130,800.08

521,621.99

Agricultural Ext. Service

218,965.55 $ 1, 911,618.42 $ 893,659.08

46,457.98

199,824.59

48,325.38

240,554.42

921,479.78 321,770.54

775,873.11 3, 364,085.79

323,660.39

717,059.72 111,265.17
2,103,232.09
37,279.13

*s

4

v> 4

t

* H1 4

KA

Albany State College Armstrong State College Augusta College Columbus College Fort Valley State College Georgia College at Milledgeville Georgia Southern College Georgia Southwestern College North Georgia College Savannah State Valdosta State College West Georgia College
Abraham Baldwin Agrie. College Albany Junior College Brunswick Junior College Dalton Junior College Gainesville Junior College Kennesaw Junior College Macon Junior College Middle Georgia College South Georgia College

193,744.01 102,595.42 148,864.38 107.084.54 179,803.25 159.602.55 258,198.79 130,105.17 137,120.51 136,928.06 231,380.69 170,193.35
113.334.56 84,304.61 71,421.33 70,347.84 78,328.04
148,767.55 200,000.00 156,057.29 107,718.72

195,261.26 86,372.08
141,051.22 80,816.81
193,917.18 185,252.33 275,539.17 103,733.40
80,269.65 179,282.81 150,545.93 261,484.95
83,166.60 66,558.18 48,773.99 29,876.96 34,380.34 65,252.65
121,816.49 62,518.08

56,412.20 44,488.37 60,965.76 30,855.94 64,667.03 62,388.07 117,684.28 78,234.21 55,405.08 44,157.38 62,502.58 84,982.22
59,188.19 27,455.55 22,823.34 18,395.46 21,504.57 46,053.99
47,705.01 27,341.47

202,093.07 148,565.02 234,800.22 142,613.29 360,154.32 222,675.52 427,896.44 220,230.31 180,546.31 295,207.32 314,331.06 351,662.28
145,356.85 86,023.57 68,939.21 57,507.31
105,350.28 191,060.89
261,152.48 99,410.06

84,679.07 142,196.15 176,282.02 118,070.22 221,968.66 134,444.22 288,726.29 194,558.32 100,360.41 142,279.91 242,732.25 347,722.78
78,973.87 93,383.81 72,098.35 48,884.75 90,980.70 153,942.86
140,517.39 96,412.04



U

*

I i

V/, m

I

4

4

k4
H'
V4

Regents Office State Technical Services
Grants to Junior Colleges

782,062.46

TOTALS

$ 7.558.437.29 S 7.176.370.65 $ 2.315.061.76 $11.158.015.32 $ 6.880.034.64

*< If
'&
| !i
> |<
T i4
1 ! 16

OF GEORGIA
* AND GENERAL EXPENDITURES June 30, 1968
#

Activities

Extension

*

Instruction

General

SDonsored

Related to Instruction

Research

General

SDonsored

And Public Services

Total ExDenditures

i

$ 7,608,712.75 $ 381,923.14 $

4

836,614.40

$ 2,746,137.14 $ 1,504,743.01 $

$17,452,256.31 97,048.10 1,412,930.21

*

5,982,444.41

122,401.00

3,123,436.61

4,371,860.16 3,054,628.21

547,386.04

64,501.08

3,280,673.13

568,460.16 421,757.73
62,926.34

7,426,488.37 610,391.08
10,169,273.74 7,629,861.33

4

17,337,783.05

1,350,162.56

8,416,720.98 238,737.84

7,282,305.44

4,596,823.77

1,715,847.27

8,416,720.98 42,338,836.59

2,294,375.60 2,294,375.60

4

3,905,338.98 3,027,902.29

7,946,602.86

4

8,797,645.17 8,797,645.17

4

1,054,399.50

105,084.71

86,372.43

906,017.78

390.04

15,138.56

562.50 32,689.25

1,993,747.31 1,463,314.11

*

1,223,533.13

18,396.89

9,229.83 2,013,123.45

584,450.66

43,876.85

26,407.32

31,083.36 1,165,258.99



1,187,093.45

83,507.25

405,934.34

8,856.24

31,873.63

6,879.06 2,744,654.41

972,052.55

3,200.00

131,278.97

958.63

4,906.87

41,467.23 1,918,226.94

%

2,846,572.03

210,373.22

4,324.82

153,555.96

4,806.38 4,587,677.38

1,160,508.68



726,657.81

25,009.48

3,257.81

1,890,627.90 1,305,369.25

1,019,627.20

4

1,482,617.13

10,134.85

5,984.50

75,951.08

246,663.12

2,146,081.38 2,494,244.49

2,207,791.95

137,813.61

123,420.22

*

32,894.23 3,717,965.59

A

808,313.81

34,900.00

26,514.89

470,188.14

5,888.00

31,168.51 1,997.52

1,380,917.28 835,799.38

A

359,059.29

2,232.82

35,864.92

681,213.25

219,092.22

444,104.54

335,331.18

13,630.79

679,505.90

575,878.47

16,626.65 1,197,583.06

4

2 0 0 ,000 .00

813,602.80

21,900.00

5,935.74

19,684.97

9,725.00 1,598,097.17

1

500,938.94

50,644.58

2,254.12

947,238.01

%

t

757,300.00

256,090.34

782,062.46 256,090.34 757.300.00

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF AUXILIARY ENTERPRISE INCOME For Year Ended June 30, 1968

Student

Georgia Institute of Tech. $ 816,720.28 $

Southern Tech. Institute

142*685.98

Georgia State College Medical College of Georgia University of Georgia

158,228.10 2,391,852.82

Continuing Education Center

Albany State College Armstrong State College Augusta College Columbus College Fort Valley State College Ga. College at Milledgeville Georgia Southern College Georgia Southwestern College North Georgia College oo Savannah State College Valdosta State College West Georgia College
Abraham Baldwin Agricultural Albany Junior College Brunswick Junior College Dalton Junior College Gainesville Junior College Kennesaw Junior College Middle Georgia College South Georgia College

162,985.57
235,864.20 229^184.77 452,186.84 171^660.89 244,928.82 195,732.30 243,203.74 490^877.46 187,560.27
206,229.02 133291.65

TOTALS

Faculty

Food Service

Student Centers and
Bookstore

212,072.07

$ 824,823.47 $ 201,242.80 98,662.66 268,672.75
1,144,300.97

687,204.52 134,065.56 393,012.24 136,331.95 917,495.30

Student Health Services

Other Activities

$ 263,392.55 $ 278,716.46

9,976.85

3,366.50

104,403.37

20,865.00

213,113.36

348,181.39

563,087.90

706,688.59

Total
3,082,929.35 491,337.69 596,078.27 797,211.16
5,364,918.38 706,688.59

5,970.00
19,591.00 32,614.20
700.00

286,835.28
371,817.84 417,531.14 893,543.35 309,126.33 546,146.10 321,590.60 416,884.36 699,832.76
399,020.92 31,035.31 27,111.12 31,066.92 37,700.01
422,240.62 265.762.95

69,328.80 179,732.41 202,796.31 111,006.00 185,206.68 106,062.54 242,784.55 135,700.05 210,506.43
91,826.44 252,519.93 280,090.97
116,251.26 62,266.79 43,632.60 47,572.36 53,199.21 153,916.01 137,860.44 125.442.99

25,576.58
42,742.65 39,648.70 55,876.95 29,725.41 34,641.50 36,911.17 59,815.60 70,787.65 27,866.73
25,972.75 22,062.86

25,054.93
22,801.22
59,301.95 89,874.89 142,235.23 46,290.87 27,127.56 26,164.69 50,794.99 42,267.52

575, 751.16 179, 732.41 225, 597.53 111,006.00 894, 933.32 901, 893.04 1,786, 626.92 692, 503.55 1,095, 964.61 672, 925.20 1,023, 218.62 1,583, 856.36

28,940.29 1,536.80 2,608.74 5.05 6,266.83
9,460.00 32.246.72

759,639.47 94,838.90 73,352.46 78,644.33 97,166.05
153,916.01 801,762.83 578.807.17

S23.421.299.38

V

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*

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF AUXILIARY ENTERPRISE EXPENDITURES For Year Ended June 30, 1968

Student Housing

Faculty Housing

Food Services

Student Centers and
Bookstores

Student Health Services

Other Activities

Total

Georgia Institute of Tech. $ 511,701.80 $ 136,694.63 $ 805,221.28 $ 707,019.77 $ 256,240.38 $ 221,236.78 $ 2,638,114.64

Southern Tech. Institute

57,167.54

193,752.99

109,030.31

6,931.92

2,983.67

369,866.43

Georgia State College

87,266.10

353,577.08

16,320.22

457,163.40

Medical College of Georgia

144,546.16

314,656.93

119,775.47

12,279.00

191,183.17

782,440.73

University of Georgia

1,297,873.63

1,058,947.77

809,245.01

316,322.96

423,894.05 3,906,283.42

Continuing Education Center

630,682.35

630,682.35

Albany State College Armstrong State College Augusta College Columbus College Fort Valley State College Ga. College at Milledgeville Georgia Southern College Georgia Southwestern College North Georgia College vO Savannah State College Valdosta State College West Georgia College

144,666.58
190,896.07 195,976.02 436,585.86 125,437.75 239,170.84 143,279.03 140,526.57 359,366.82

3,860.22
267.75 18,604.43
17,369.93 702.00

309,406.80
341,835.08 381,349.83 751,233.54 254,632.11 475,250.35 264,989.99 299,531.66 693,627.50

67,078.80 155,315.20 191,055.56
93,143.34 195,119.09 103,307.65 258,588.39 134,828.15 202,573.90
79,928.09 232,096.53 287,926.12

21,457.46
26,177.44 34,583.21 37,427.13 22,759.75 37,280.07 16,852.03 35,475.55 64,963.96

32,536.96
3,194.94
43,363.97 86,133.28 104,674.98 35,305.49
9,293.99 25,822.38 27,943.18 38,433.00

579,006.82 155,315.20 194,250.50
93,143.34 797,659.40 819,954.42 1,588,509.90 572,963.25 980,939.08 531,573.52 735,573.49 1,444,317.40

Abraham Baldwin Agricultural Albany Junior College Brunswick Junior College Dalton Junior College Gainesville Junior College Kennesaw Junior College Middle Georgia College South Georgia College

122,665.10
146,998.87 99,430.42

374,185.09 32,687.30 26,436.18 25,684.03 39,259.89
311,165.70 223,816.36

100,496.27 53,206.19 38,989.56 42,263.86 45,939.72 137,388.73
123,519.39 116,904.68

17,471.73
13,147.59 20,239.72

26,498.41 50.00
1,811.98
4,323.70
9,397.25 33,625.76

641,316.60 85,943.49 67,237.72 67,947.89 89,523.31
137,388.73 604,228.80 494.016.94

TOTALS

$ 4.356.289.06 $ 177.498.96 $ 7.264T936.48 S 4.758.316.86 $ 939.609.90 $ 1.968.709.51 $19.465.360.77

UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF INCOME FOR STUDENT AID For Year Ended June 30, 1968

Endowment

INCOME

Gifts & Grants

Private

Public

State ADDroDriation

Total

Georgia Institute of Technology $ Georgia State College Medical College of Georgia University of Georgia

108,223.18 $ 1,214,605.89 $ 114,215.00 $

650.00

8,261.27

74,488.50

2 ,0 00 .00

75,404.59

25,619.53

199,229.75 2, 891,223.10

2 2 ,1 0 0 .0 0 $ 1,459,144.07

22,371.00

105,770.77

750.00

78,154.59

49,480.00 3,165,552.38

Albany State College Armstrong State College Augusta College Columbus Fort Valley State College Ga. College at Milledgeville Georgia Southern College Georgia Southwestern College North Georgia College Savannah State College Valdosta State College West Georgia College

1,670.50 1,900.00 15,655.00

2,664.00 66,366.43 20,976.85
2,250.00 700.00
36,136.79
67,677.08 16,629.31

126,692.29 40,860.73
9,748.71 29,139.41 287,306.02 82,943.74 172,204.49 106,323.37 86,751.96 120,420.22
339,322.82

5,030.00 4,074.22 3,716.00 3,449.99 7,205.00 8,125.00 14,382.00 6 ,0 1 0 . 0 0 2,986.00 4,935.00 7,171.03 10,700.00

131,722.29 47,598.95 79,831.14 55,236.75 298,661.02 107,423.74 186,586.49 148,470.16 89,737.96 125,355.22 74,848.11 366,652.13

Abraham Baldwin Agricultural Albany Junior College Brunswick Junior College Dalton Junior College Gainesville Junior College Kennesaw Junior College Middle Georgia College Gainesville Junior College

Graduate Scholarships Southern Regional Education Board

TOTALS

$

23,877.72 135.00
4,391.90 8,509.10 1,290.41 5,310.66
651.00 7,327.09

127,982.59 30,958.92 13,031.29 11,806.75 16,906.13 11,779.58 85,138.59 70,678.76

153.718.21 $ 1.688.990.25 $ 4 .925.327.56 $

6,533.00 333.00
3,270.00 11,506.13
1,561.00 1,699.00 6,124.00 3,625.00

158,393.31 31,426.92 20,693.19 31,821.98 19,757.54 18,789.24 91,913.59 81,630.85

135,000.00 59,000.00

135,000.00 59,000.00

401.136.37 $ 7.169.172.39

UNIVERSITY SYSTEM OF GEORGIA

4

STATEMENT OF EXPENDITURES FOR STUDENT AID

For Year Ended June 30, 1968

T

Fellowships

Educational College Work Opportunity Scholarships Study Program Grants & Other

Total

Georgia Institute of Tech.
4 Georgia State College Medical College of Georgia
University of Georgia

$ 800,708.71 $ 2,530,317.20

494,637.75 $ 46,086.27 68,004.59
297,559.29

22,260.68 $ 23,509.50
4,906.89

90,992.75 $ li,408,599.89

36,175.00

105,770.77

10,150.00

78,154.59

332,769.00 3.,165,552.38

T Albany State College
4 Armstrong State College

Augusta College

4

Columbus College

Fort Valley State College 4 Ga. College At Milledgeville

Georgia Southern

Georgia Southwestern

North Georgia College

Savannah State College

Valdosta State College

West Georgia College

5,030.00 6,738.22 70,082.43 22,172.09 11,355.00 24,480.00 14,382.00 26,800.33 2,986.00 7,771.00 7,171.03 113,421.13

108,190.29 40,860.73
2,870.39 28,211.50 187,931.52 65,340.74 47,020.49 68,589.61 43,276.95 67,594.22 38,774.08 253,231.00

18,502.00
6,878.32 4,853.16 99,374.50 17,603.00 125,184.00 53,080.22 43,475.01 49,990.00 28,903.00

131,722.29 47,598.95 79,831.14 55,236.75 298,661.02 107,423.74 186,586.49 148,470.16 89,737.96 125,355.22 74,848.11 366,652.13

y Abraham Baldwin Agricultural Albany Junior College
4 Brunswick Junior College
Dalton Junir College 4 Gainesville Junior College
Kennesaw Junior College 4 Middle Georgia College 4 South Georgia College

62,208.05
7,661.90 8,509.10 2,851.41 8,852.66 12,891.00 3,625.00

74,407.96 20,561.97 13,031.29 11,806.75 12,451.13
9,936.58 54,973.59 48,07176

21,777.30 10,864.95
11,506.13 4,455.00
24,049.00 29,934.09

158,393.31 31,426.92 20,693.19 31,821.98 19,757.54 18,789.24 91,913.59 81,630.85

Graduate Scholarships 4 Southern Regional Education ]Board

131,067.29

59.000.00

131,067.29 59.000.00

4 TOTALS

$ 3.331.025.91 $ 1.456.343.54 $ 1.247.809.62 $ 1.079.516.43 $ 7,.114.695.50

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UNIVERSITY SYSTEM OF GEORGIA
STATEMENT OF PLANT FUND INCOME For Year Ended June 30, 1968

State ADDrooriation

Gifts and Grants

Private

Public

Federal

Other

Interest On Temporary
Investments

Other

Total

Georgia Institute of

Technology

$ 1,107,157.00 $

Georgia State College

459,074.00

Medical College of Georgia

382,000.00

University of Georgia

150,000.00

Agricultural Exp. Station

325.00

815.00 $ 83,810.00

381,414.23 $ 6,500.00 8,049.00
114,120.00 45,997.00

50,000.00 $ 25,000.00
153,756.04 51,887.06

260,006.94 $ 58,865.64 87,750.00
503,649.50 20,497.90

133,700.00
381,489.65 15,970.84

$ 1,933,093.17 549,439.64 477,799.00
1,385,825.19 134,677.80

Albany State College Armstrong State College Augusta College Columbus College Fort Valley State College Georgia College at
Milledgeville Georgia Southern College Georgia Southwestern College North Georgia College Savannah State College Valdosta State College West Georgia College

176,100.00 12,300.00 13,400.00 17,000.00
166,325.00
121,619.00 130,550.00
34,850.00 38,550.00 267,050.00 54,000.00 82,800.00

500,350.00 100.00

17,466.24

342.61 12,530.02
7,257.93 12,805.44 24,968.75
29,779.08 17,597.91 11,712.55 39,597.22 4,156.25 41,718.31 37,692.36

8,112.23
51,273.00
69.80 537.00 2,865.36
547.49

184,554.84 24,830.02 20,657.93
581,428.44 191,393.75
151,467.88 148,684.91 49,427.91
78,147.22 288,672.49
95,718.31 121,039.85

Abraham Baldwin Agricultural Albany Junior College Brunswick Junior College Dalton Junior College Gainesville Junior College Kennesaw Junior College Macon Junior College Middle Georgia College South Georgia College

65,750.00 3,800.00
31,150.00 300.00
100,350.00
350.00 56,400.00 28,800.00

Regents Office Bldg. Authority Rentals Clayton Const. Fund Insurance Fund

11,856,160.00

225.00 25.00

10,940.00
646,417.00 86,245.00 16,740.00

4 ,397,698.00

3,941.60

4,263.75
1,396.17 6,810.05 2,956.38 8,845.64 133,934.15 22,728.09 13,045.45

176,926.38 170,620.42

1,125.00 4,117.92
78,859.35

71,138.75 14,740.00 36,664.09 653,752.05 193,517.98 25,585.64 134,284.15 79,128.09 120,704.80
4,397,698.00 11,856,160.00
176,926.38 170,620.42

T0TALS

115.356.160.00 $ 584.325.00 $ 5.714.120.23 $ 302.050.94 $ 1.712.454.89 $ 678.667.64 $24.347.778.70

Georgia Institute of Technology Georgia State College Medical College of Georgia University of Georgia
Agricultural Experiment Stations Agricultural Extension Division
Ablany State College Armstrong State College Augusta College Columbus College Fort Valley State College Georgia College at Milledgeville Georgia Southern College Georgia Southwestern College North Georgia College Savannah State College Valdosta State College West Georgia Cbllete
Abraham Baldwin Agricultural College Albany Junior College Brunswick Junior College Dalton Junior College Gainesville Junior College Kennesaw Junior College Macon Junior College Middle Georgia College South Georgia College
Regents Office Building Authority Rentals Clayton County Construction Hazard Reserve Architect Fees
TOTALS

UNIVERSITY SYSTEM
STATEMENT OF PLANT For Year Ended

Land

ADDI Buildings & Additions to Buildines

(26, 016. 57)$ 1,333, 959.45

76, 1 2 1 .60

85, 116. 63

31, 030. 33

858, 309. 87 123, 518. 77
27, 697. 73

5, 391. 12

1 .,057..22
3.,748..70
754 .50 32 ,378 .00 49 ,490 .50

616, 955. 51 521, 005. 96
44, 255.,84 108,,759.,19
36,,430..50 117,,030..84
53.,944,.27 51,,864,.26 2 2 .,729,.41 37,,204,.94

66 ,086 .99 34 ,331 .42
693 . 0 1 680 ,656 .64 2 1 2 ,926 .56 132 ,719 .92 1,565 ,371 .57
7,051 .26 59 ,433 .67

4,397 ,697 .80

26 ,086 .83

S 168.564.28 $11.227.229.96

FUND EXPENDITURES June 30, 1968

TI0N Improvements Other Than
Buildines

S EauiDment

Retired

Interest on

Indebtedness Indebtedness

Building Authority Rentals

Other Exenditures

Tota 1

i

$ 146,144.44 $ 398,281.26 $

9,685.00

135,854.00

46,000.00 $

3,881.32 $ 278,856.00 $

1.567.82 $ 2.182.673.72

7,819.74

314,596.97



29,155.24

43,871.00

36,244.00

242,054.56

351,324.80

301,038.77

824,182.66

759,804.00

538,634.14 3,312,999.77

t

30,281.25

24,170.23

60,156.41

238^126.66

3,084.30

30,782.03

4

24,245.02

66,494.03

41,820.00

28,359.53

166,309.70



30,924.40

53,849.07

84,773.47

150,072.42

10,085.99

778,171.14

4

11,487.71

17,783.36

43.41

550,320.44

23,360.12

56,586.12

49,621.00

173,823.08

17,851.54

72,879.26

5,507.00

1,899.00

38,148.00

171.62

248,964.31

41,541.18

121,784.12

141,684.00

83,724.10

425j163.90

26,161.19 151,765.21 55,785.85
17,216.99

49,692.16 24,863.98 24,050.06 12,315.38 119,178.35

1,450.32

539.43

42,288.00 52,092.00 50,172.00 71,652.00 135,516.00

209,011.00 159,805.69 310^229.53 162*482.64 358,606.78

22,196.37 1 ,0 00 .00
10,117.53
167,474.98
24,382.95 7,285.26
2 ,000,000.00

34,656.81 16,227.52
129.89 215,540.52
49,910.61 120,332.46
39,040.35 7,335.60
70,779.84

43,380.00
54,564.00 26,796.00 11,856,326.00

637.77

166,320.17 51,558.94 10,940.43 896,197.16 430,312.15 253,052.38 1,604,411.92 93,971.58 164,294.77

335,653.54
414,231.91 121,456.37

6,733,351.34 11,856,326.00
26,086.83 414,231.91 121.456.37

$ 3.299.173.42 S 2.609.874.63 $ 52.957.32 S

6.319.75 $13.678.963.00 $ 1.837.595.22 $32.880.677.58

UNIVERSITY SYSTEM OF GEORGIA

STATEMENT OF SURPLUS June 30, 1968

EDUCATIONAL AND GENERAL Unappropriated Surplus, July 1, 1967 Additions:
Excess Income Over Expenditures Total Income Earned Total Expenditures
Total Excess Income over Expenditures
Unappropriated Surplus, July 1, 1967, Plus Additions

$ 2,712,101.49
$150,361,535.36 151.695.584.83 (1.334.049.47) $ 1,378,052.02

Other Additions and (Deductions) Surplus Adjustments * Decrease in Surplus Reserves Transfers to Other Funds (Net)
Educational and General Unappropriated Surplus, June 30, 1968

$ (6,806.90) 46,739.30
(177.966.05)

(138.033.65)

$ 1-240.018.37

AUXILIARY ENTERPRISES Unappropriated Surplus, July 1, 1967 Additions:
Excess Income Over Expenditures Total Income Earned Total Expenditures
Total Excess Income Over Expenditures
Unappropriated Surplus, July 1, 1967, Plus Additions

$ 2,002,765.70
$23,421,299.38 19.465.360.77 3.955.938.61 $ 5,958,704.31

Other Additions and (Deductions) Surplus Adjustments * Increase in Surplus Reserves Transfers to Plant Funds: Authority Lease Rentals Replacement Reserves Other Transfers to Other Funds (Net)
Auxiliary Enterprises Unappropriated Surplus, June

$ (82,501.71) (564,969.37)

$(1,759,383.13) (1,213,451.17) (1.642.983.25) (4,615,817.55) (38.878.59) (5.302.167.22)

, 1968

$ 656.537.09

* Adjustments in Surplus are due to differences in amounts accrued 6-30-67 and amounts paid or received during fiscal year 1967-68.

Regents Allotment Account and
General Activities
For the Year Ended June 30, 1968

REGENTS ALLOTMENT ACCOUNT AND GENERAL ACTIVITIES

BALANCE SHEET June 30, 1968

ASSETS

CURRENT FUNDS

A. GENERAL

Cash in Bank-Demand Deposits

$ 223,229.41

Accounts Receivable

Higher Education Facilities Comm. $ 15,000.00

Other

154.95

15,154.95

Due From:

Construction Account State Treasurer TOTAL GENERAL

$

2,500.00

166.00

2 .6 6 6 .0 0 $ 241,050.36

B. RESTRICTED FUNDS Cash in Bank-Demand Deposits Accounts Receivable

$ 217,893.01 35,734.92

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TOTAL RESTRICTED FUNDS
TOTAL CURRENT FUNDS
AGENCY FUNDS Cash in Bank-Demand Deposits Due from Payroll Account Higher Education Facilities Comm.
TOTAL AGENCY FUNDS
ENDOWMENT FUNDS Cash in Bank-Time Deposits
TOTAL ENDOWMENT FUNDS
STUDENT LOAN FUNDS Cash in Bank Demand Deposits Time Deposits Notes Receivable
TOTAL STUDENT LOAN FUNDS
PLANT FUNDS A. UNEXPENDED
Cash in Bank-Demand Cash in Bank-Time U.S. Treasury Obligations Accounts Receivable Due from Allotment Account Due from Endowment Due from Construction
TOTAL UNEXPENDED

253.627.93 $

494,678.29

;>

Il

y

g? y

$ 211,804.08 654.16

f yT y

yA

212,458.24

P4

$ 49,000.00

$

5,794.58

17,500.00

23,294.58 4,518.27

$ 265,856.77 3.575.000.00 $ 3,840,856.77 1,861,000.00 335,187.16 166.00 497.88 6 .000 .00 $ 6,043,707.81

49,000.00

A
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27,812.85

*

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regents allotment account and general activities

BALANCE SHEET June 30, 1968

LIABILITIES

I . CURRENT FUNDS A. GENERAL Accounts Payable Regents Office Purchase Orders Outstanding Regents Office Due to Architect Fee Account Reserve for Working Capital-Regents Office Reserve for Graduate Education TOTAL GENERAL

191,079.17
21,686.85 166.00
15,000.00 13.118.34

B. RESTRICTED FUNDS Accounts Payable Purchase Orders Outstanding Due to Regents Office Reserve for Rest. Funds-Federal Reserve for Matching Funds-State Fund Balance-Technical Services TOTAL RESTRICTED FUNDS

6,945.97 80.65 90.96
32,356.66 210,358.04
3.795.65

TOTAL CURRENT FUNDS

II. AGENCY FUNDS Workmen's Comp. Ins. Fund No. 1 Workmen's Comp. Ins. Fund No. 2 Insurance Revolving Fund Chancellors Descretionary Fund Portrait Fund State Soil Conservation Committee Higher Education Facilities Comm.

TOTAL AGENCY FUNDS

III. ENDOWMENT FUND Due to Plant Fund-Dormitory Rentals Porter Trust Fund Balance

TOTAL ENDOWMENT FUNDS

IV. STUDENT LOAN FUNDS William H. Black Loan Fund

241,050.36

253.627.93 $ 494,678.29

61,044.05 113,531.46
213.71 2 ,0 0 0 . 0 0
353.89 10,164.03 25.151.10

212,458.24

497.88 48.502.12

49,000.00

27,812.85

TOTAL STUDENT LOAN FUNDS
V. PLANT FUNDS A. UNEXPENDED Reserve for Insurance and Hazard Reserve for Dormitory Rentals Reserve for Architect Fees Reserve for Clayton Jr. College Const Reserve for HEFA Grants
TOTAL UNEXPENDED

27,812.85
$ 2,501,782.44 52,290.59 38,795.17
3,450,839.65 .06
$ 6,043,707.81

ft *

29

REGENTS ALLOTMENT ACCOUNT AND GENERAL ACTIVITIES

ASSETS (Continued)

V. PLANT FUNDS (Continued) B. EXPENDED Land Construction in Progress-Clayton Buildings-Chancellors Residence Equipment-Regents Office Equipment-Chancellors Residence TOTAL EXPENDED
TOTAL PLANT FUNDS
TOTAL ASSETS

$ 2 0 ,000 .00 26,086.83 83,794.12
126,710.67 17.593.88 L 274.185.50
1 6.317.893.31
4 7.101.842.69

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REGENTS ALLOTMENT ACCOUNT AND GENERAL ACTIVITIES

*

LIABILITIES (Continued)

Y

V. PLANT FUNDS (Continued)

B. EXPENDED

Investment in Plant

*

4

.

TOTAL EXPENDED

Y

TOTAL PLANT FUNDS

* TOTAL LIABILITIES

$ 274,185.50
$ 274.185.50 $ 6.317.893.31 $_ 7.101.842.69

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GENERAL ACTIVITIES

STATEMENT OF CURRENT INCOME For Year Ended June 30, 1968

I . CURRENT INCOME A. EDUCATIONAL AND GENERAL Governmental-State of Georgia Regents Office State Technical Services Program Grants to Junior Colleges Gifts and Grants-Federal Regents Office State Technical Services Program Sales and Services Regents Office Medical Education Board State Soil & Water Conservation Leases Transcripts State Technical Services Program Fees from Participating Firms Total Educational and General Income

Committee

$ 749,038.00 300,000.00 757.300.00 $ 1,806,338.00

$ 12,500.00 126.710.17

139,210.17

$

7,697.56

2,400.00

2.00

__________ 2.00 $

10,101.56

______ 3.793.65

13.895.21

$ 1,959,443.38

Non-Income and Transfers: (Increase) or Decrease in Accts. Rec. Increase or (Decrease) in Reserve for Restricted Funds-Federal
Total Educational and General Receipts
B. STUDENT AID Governmental-State of Georgia Graduate Scholarships Southern Regional Education Board Total Student Aid Income and Receipts
TOTAL CURRENT INCOME
TOTAL CURRENT RECEIPTS

(30,327.04) 25.000.30 $1 ' 12.i 954.2 1-1--6--.-6--4-
$ 135,000.00 59.000.00 $ 194.000.00 $ 2.153.443.38 $ 2.148.116.64

II. PLANT FUNDS INCOME Governmental-State of Georgia Ga. Education Auth. (University) Rentals

Gifts and Grants

Department of Health, Education & Welfare

University of Georgia

School of Forestry Grant No. 2-1013 Grant No. 4-1013

$ 113,639.00 82.178.00

Graduate Studies Rsch.Center Grant No. 4-0179 Grant No. 2-0019

$ 563,129.00 154.778.00

General Classroom Bl4g. Grant No. 2-1275 Grant No. 4-1182 Grant No. 4-1275

$ 233,282.00 33,856.00
410.911.00

$11,856,160.00 $11,856,160.00
195.817.00 717.907.00 678.049.00 $ 1,591,773.00

Georiga Institute of Technology Space Science & Tech. Center Grant No. 4-004 Space Science & Tech. Center Bldg.#2 Grant No. 2-0006 Library Grant No. 2-0004 Library (Southern Tech) Grant No. 3-1176

$ 113,417.00 258.230.00 723.062.00 88.470.00 1,183,179.00

f r T
$ V4 w*

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STATEMENT OF CURRENT INCOME(Continued)

GENERAL ACTIVITIES

Ili PLANT FUNDS INCOME (Continued)

Gifts and Grants (Continued)

West Georgia College

Classroom Arts Bldg.

Hi

Grant No. 4-2415

n

Georgia State College

Addition to Library

t

Grant No. 4-1960

*#

Georgia Southern College

Addition to P.E. Building

Grant No. 4-1961

Valdosta State College Classroom Arts Building Grant No. 4-2416
i Columbus College Add. to P. E. Building Grant No. 3-2422

K Armstrong College Classroom Bldg. & Academic Portion of a new Science Building Grant No. 4-2413

, $ Georgia Southwestern College

a

Classroom Building

Grant No. 4-2922

V Abraham Baldwin Agric. College Classroom Building Grant No. 3-2932

Brunswick Junior College Health & Physical Ed. Building Grant No. 3-2930

Total Gifts and Grants

Interest on Investments

5

Insurance Fund

5f

Clayton Construction Fund

i

Sub-Total

4

Transfers From:

Institutions for Insurance Fund

<

Institutions for Dormitory Rentals

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TOTAL PLANT FUND INCOME AND RECEIPTS

if TOTAL INCOME



TOTAL RECEIPTS

4

* A 4 A

A

33

$ 93,340.00 435,553.00 159,273.00 303,264.00 156,754.00

134,631.00

104,529.00

62,783.00

172,619.00 $ 4,397,698.00

$ 170,620.42 1 7 6 .9 2 6 .3 8

3 4 7 .5 4 6 .8o'

$16,601,404.80

$ 408,509.10 11.140.00

419.649.10

$17.021.053.90

1 1 9 .1 7 ^ 4 ,3 ,7 * 2?

$19.169.170.64

GENERAL ACTIVITIES
STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1968

CURRENT EXPENDITURES A. EDUCATIONAL AND GENERAL
Administration Regents Office
Instruction Grants to Junior Colleges
Extension & Public Service Technical Services Program
TOTAL EDUCATIONAL & GENERAL EXPENSES

Total

Personal Services

Operating
S u d .& E x d .

Eauiranent

$ 782,062.46 $ 610,134.09 $ 141,641.18 $

757,300.00

757,300.00

256.090.34

179,225.63

76.864.71

$ 1.795.452.80 $ 789.359.72 $ 975.805.89 $

30,287.19 30.287.19

(Increase) or Decrease in Accounts Payable or Purchase Orders Outstanding Loan to Other Funds :
Construction Account

$ (6,982.72) 2,500.00

TOTAL EDUCATIONAL & GENERAL DISBURSEMENTS i. 1.790.970.08

B. STUDENT AID Graduate Scholarships Southern Regional Education Board

$ 131,067.29 $ 59.000.00

TOTAL STUDENT AID

$ 190.067.29 $

TOTAL CURRENT EXPENSES

$ 1.985,520.09

$ 131,067.29 $ 59.000.00
$ 190.067.29 $

TOTAL CURRENT DISBURSEMENTS

$ 1.981.037.37

PLANT FUND EXPENDITURES Georgia Education Auth.(Univ) Dormitory Rentals Fire and Extended Coverage Ins. Architectural Fees Project J-24 Project J-25 Clayton County Junior College Higher Education Facilities Grant Plant Renovations
TOTAL PLANT FUND EXPENDITURES
TOTAL EXPENSES

$11,856,326.00 497.88
414,231.91 121,456.37 163,425.28 171,730.38
26,086.83 4,397,697.80 2 .0 00 .000.00
$19.151.452.45
$21.136.972.54

TOTAL DISBURSEMENTS

$21^13^489.82

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9

GENERAL ACTIVITIES

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SUMMARY OF RECEIPTS AND DISBURSEMENTS For Year Ended June 30, 1968

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RECEIPTS : State Appropriations General Appropriations Act of 1966 Section 42 (A) University System Section 42 (B) Talmadge Memorial Hospital
Appropriation Approved by Budget Bureau Art Commission Project
TOTAL STATE APPROPRIATION

Operating Supplies & Expense

Equipment

$96,727,000.00 5.282.000.00 $102.009.000.00
4,500.00 $102,013,500.00

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LESS:

Lapsed Appropriation Grants to Junior Colleges Authority Lease Rentals

TOTAL RECEIPTS

ADD: Withdrawal from Insurance & Hazard Fund

TOTAL

DISBURSEMENTS:

Allotments for Educational and General Operations Allotments for Plant Additions and Improvements Allotments for Other

TOTAL DISBURSEMENTS

STATEMENT OF ALLOCATION BY BOARD OF REGENTS For Year Ended June 30, 1968

Educational & General
0 Derations

Plant Additions & Improvements

$ 52,700.00 1.283.840.00

1.336.540.00

$100,676,960.00

2 ,0 00,0 00 .00

$102.676.960.00

$ 86,985,800.00 15,356,160.00 335,000.00
$102.676.960.00

Other Purposes

Total Allocation

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Georgia Institute of Technology Southern Technical Institute Engineering Experiment Station Engineering Extension Division
Georgia State College Medical College of Georgia
Eugene Talmadge Memorial Hospital University of Georgia
Continuing Education Center Agricultural Experiment Station Agricultural Extension Service Albany State College Armstrong State College Augusta College Columbus College Fort Valley State College Georgia College at Milledgeville Georgia Southern College Georgia Southwestern College North Georgia College Savannah State College

$ 8,885,243.00 $ 1,107,157.00 $

850,000.00

1,960,000.00

135,000.00

6,329,475.00

459,074.00

3,848,000.00

382,000.00

5,282,000.00

25,893,244.00

150,000.00

1,010,500.00

3,545,000.00

325.00

3,870,000.00

1,285,000.00

176,100.00

993,000.00

12,300.00

1,206,000.00

13,400.00

735,000.00

17,000.00

1,698,000.00

166,325.00

1,261,000.00

121,619.00

2,939,000.00

130,550.00

1,329,000.00

34,850.00

890,000.00

38,550.00

1,329,000.00

267,050.00

17,200.00 $ 10,009,600.00

4,900.00

854,900.00

1,960,000.00

135,000.00

23,400.00 6,811,949.00

600.00 4,230,600.00

5,282,000.00

46,800.00 26,090,044.00

1,010,500.00

3,545,325.00

3,870,000.00

5,200.00 1,466,300.00

4,400.00 1,009,700.00

6 ,000 .00

1,225,400.00

3,800.00

755,800.00

7,200.00 1,871,525.00

4,200.00 1,386,819.00

15,000.00 3,084,550.00

6 ,2 0 0 .0 0

1,370,050.00

4,600.00

933,150.00

5,800.00 1,601,850.00

yA

35

GENERAL ACTIVITIES STATEMENT OF ALLOCATION BY BOARD OF REGENTS (Continued)

Valdosta State College West Georgia College Abraham Baldwin Agricultural College Albany Junior College Brunswick Junior College Dalton Junior College Gainesville Junior College Kennesaw Junior College Macon Junior College Middle Georgia College South Georgia College Regents Office State Technical Services Graduate Scholarships Southern Regional Education Board Georgia Education Authority (University) Grants to Junior Colleges Interest on Constitutional Debt
TOTAL ALLOCATIONS

Educational & General
Ooerations

Plant Additions & ImDrovements

Other Pumoses

Total Allocation

$ 1,637,000.00 $ 2,448,000.00 922,000.00 6 6 6 ,000 .00 506,000.00 396,000.00 474,000.00 913,000.00 2 0 0 ,0 00 .00 1,066,000.00 611,000.00 749,038.00 300,000.00

54,000.00 $ 82,800.00 65,750.00
3,800.00 31,150.00
300.00 100,350.00
350.00 56,400.00 28,800.00

59,000.00
757,300.00 8 .000 .00

11,856,160.00

7 ,2 0 0 .0 0 $ 1 1 ,1 0 0 .0 0
5,500.00 2,300.00 2 ,1 0 0 .0 0 1,700.00 1,600.00 3,400.00
6,600.00 3,200.00
135,000.00

1,698,200.00 2,541,900.00
993,250.00 672,100.00 539,250.00 398,000.00 575,950.00 916,400.00 200,350.00 1,129,000.00 643,000.00 749,038.00 300,000.00 135,000.00
59,000.00 11,856,160.00
757,300.00 8 .000.00

$86.985.800.00 S15.356.160.00 $ 335.000.00 $102.676.960.00

CHANGES IN CASH BALANCES Ended June 30, 1968

CURRENT FUNDS Regents Allotment Regents Office State Technical Services Southern Regional Education Board Grants to Junior Colleges Graduate Scholarships TOTAL CURRENT FUNDS

Balance June 30. 1967 _

Receints

Balance Disbursements June,,30. lib8--

$

$102,676,960.00$102,676,960.00 $

223,168.83

771,639.56

784,697.32

210,111.07

41,688.69

425,177.08

248,972.76

217,893.01

59,000.00

59,000.00

757,300.00

757,300.00

9.185.63

165.000.00

161,067.29

13.118.34

$ 274.043.15 $104.855.076.64$104.687,997.37 $ 441,122.42

PLANT FUNDS Georgia Education Auth.(Univ) Rentals Dormitory Rentals Insurance and Hazard Reserve Project J-24 Project J-25 Architect Fees Clayton Jr. College-Construction Higher Education Facilities Grant TOTAL PLANT FUNDS

$

$11,856,160.00 $11,856,326.00 $

(166.00)

41,150.59

11,140.00

497.88

51,792.71

4,330,884.83

579,129.52 2,414,231.91 2,495,782.44

(31.50)

163,425.28 (163,456.78)

171,730.38 (171,730.38)

160,251.54

863,430.61

984,886.98

38,795.17

3,300,000.00

176,926.38

26,086.83 3,450,839.55

(.141i 4.397,698.00 4,397,697.80

.06

$ 7.832.255.32 $17.884.484.51 $20.014.883.06 $ 5.701.856.77

AGENCY FUNDS

Portrait and Gift

$

Workmen's Compensation No. 1

Workmen's Compensation No. 2

Insurance Revolving Fund

Soil Conservation Committee

Higher Eduation Facilities Commission

Higher Education Fac. Com.-Comp. Planning

Chancellor's Fund

TOTAL AGENCY FUNDS

$

278.89 $ 75,847.61 67,748.71
611.00 51,709.50 12,541.31
208.737.02 $

75.00 $
163,947.92 86,214.00
400,000.00 28,200.00 81,112.00 2 .000 .00
761.548.92 $

$ 14,803.56 118,165.17 86,611.29 441,545.47 16,997.75 80,358.62
758,481.86 $

353.89 61,044.05 113,531.46
213.71 10,164.03 23,743.56
753.38 2 .000 .00 211.804.08

36

GENERAL ACTIVITIES STATEMENT OF CHANGES IN CASH BALANCES (Continued)

T

Balance

Balance

Julv 1. 1967

Receipts Disbursements June 30. 1968

&

ENDOWMENT FUNDS

Porter Fund

$ 49.602.12 $

497.88 $

1.100.00 $ 49.000.00

STUDENT LOAN FUNDS

y

Wm. H. Black Loan Fund

-n TOTALS

tv-* <4

$ 21.628.57 $

1 .666.01 $

$ 23.294.58

$ 8.386.266.18 $123.,503,.273.96$125.462.462.29 $ 6.427.077.8S

GENERAL ACTIVITIES

|Kp`\|j>w 1 <

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

Atlanta

$ 251,260.13 330,384.50 87,424.93 255.508.29 $ 924.577.85

BANK BALANCES - TIME DEPOSITS

y

Atlanta Federal Savings & Loan Assn. , Atlanta

Bank of Cumming, Cumming

5.50% due 7/22/68

A

Bank of Cumming, Cumming

5.50% due 11/1/68

Citizens Bank of Alpharetta, Alpharetta 5.00% due 12/19/68

Citizens Bank of Alpharetta, Alpharetta 5.00% due 8 /6/68

Fulton National Bank, Atlanta

*4

Fulton National Bank, Atlanta

National Bank of Georgia, Atlanta

Y

Roswell Bank, Roswell

Home Federal Savings & Loan Assn.,

5.94% due 9/3/68 6.07% due 10/31/68 5.50% due 10/31/68 5.00% due 12/19/68

4

Gainesville

$

1 0 ,000 .00

1 0 0 ,0 0 0 .00

1 0 0 ,000 .00

25,000.00

49,000.00

500,000.00

1 ,000,0 00 .00

1,800,000.00

50,000.00

7,500.00 3.641.500.00

4 TEMPORARY INVESTMENTS

U.S. Treasury Bills due 8/15/68

U.S. Treasury Bills due 9/30/68

U.S. Treasury Notes due 11/15/70

*4

U.S. Treasury Notes due 2/15/75

U.S. Treasury Notes due 2/15/75 4

1 TOTAL BALANCES, June 30, 1968

$ 131,000.00 350,000.00 600,000.00 580,000.00 2 0 0 .0 00.00 1,861.000.00
$ 6.427.077.85

4
if i i
I
*

7
4
4

ft
A

%

37

Georgia Institute of Technology FINANCIAL REPORT
For the Year Ended June 30, 1968

GEORGIA INSTITUTE OF TECHNOLOGY Atlanta, Georgia

Edwin D. Harrison
President

J. R. Anthony
Vice-President Comptroller

GEORGIA INSTITUTE OF TECHNOLOGY
BALANCE SHEET June 30, 1968
ASSETS

I. CURRENT FUNDS A. GENERAL Cash in Bank Imprest Cash Certificates of Deposit Accounts Receivable Student Fees Contract Overhead Sponsored Research U. S. Government Other Sponsored Instruction U . S . Government Other
Stores (Inventories) Physical Plant Office Supplies
TOTAL GENERAL FUNDS

$ 233,036.59 38,035.00
1,659,300.00

$

5,656.66

46,034.08

117,371.56 23,170.80

50,944.63 2,479.76

245,657.49

$ 191,780.55 17,992.54

209,773.09 $ 2,385,802.17

B. SOUTHERN TECHNICAL INSTITUTE Cash in Bank Imprest Cash Accounts Receivable - Student Fees

$ 102,201.78 5,500.00 650.00

TOTAL SOUTHERN TECHNICAL INSTITtJTE FUNDS

108,351.78

C. EXTENSION DIVISION

Cash in Bank

$

Accounts Receivable Vocational Funds

$ 27,726.44

Registration Fees - Continuing

Education

______4,500.00

TOTAL EXTENSION DIVISION FUNDS

54,414.90 32,226.44

86,641.34

D. AUXILIARY Cash in Bank Imprest Cash Certificates of Deposit Accounts Receivable Stores (Inventories) Bookstore Dining Halls
TOTAL AUXILIARY FUNDS

$ 220,500.57 25,344.00
450,000.00
37,317.13

$ 321,062.00 14,613.46

335,675.46

E. ENGINEERING EXPERIMENT STATION Cash in Bank Imprest Cash Accounts Receivable G. T. R. I- Research Contracts $ Other
TOTAL ENGINEERING EXPERIMENT STATION FUNDS

$
173,212.51 228,519.60

(71,085.92) 3,000.00
401,732.11

1,068,837.16 33.3,646.19

F. RESTRICTED Cash in Bank

283,162.46

TOTAL CURRENT FUNDS

GEORGIA INSTITUTE OF TECHNOLOGY
BALANCE SHEET June 30, 1968
LIABILITIES

I. CURRENT FUNDS A,, GENERAL Accounts Payable Purchase Orders Outstanding Unearned Income Reserve for Stores Reserve for Working Capital Unappropriated Surplus

$ 208,265.16

957,091.78

506,212.50

250.000.

00

325.000.

00

139,232.73

TOTAL GENERAL FUNDS
B. SOUTHERN TECHNICAL INSTITUTE Accounts Payable Purchase Orders Outstanding Reserve for Working Capital Unappropriated Surplus
TOTAL SOUTHERN TECHNICAL INSTITUTE FUNDS
C. EXTENSION DIVISION Accounts Payable Purchase Orders Outstanding Unearned Income

$ 2,385,802.17

$

1,279.94

58,888.10

30,000.00

_____ 18,183.74

108,351.78

$

26.80

32,794.54

53,820.00

TOTAL EXTENSION DIVISION FUNDS
D. AUXILIARY Accounts Payable Purchase Orders Outstanding Unearned Income Reserve for Stores (Inventories) Reserve for Infirmary Reserve for Infirmary - S. T. I. Surplus
TOTAL AUXILIARY FUNDS
E. ENGINEERING EXPERIMENT STATION Accounts Payable Purchase Orders Outstanding Unearned Income Reserve for Working Capital Surplus
TOTAL ENGINEERING EXPERIMENT STATION FUNDS
F. RESTRICTED Fund Balance
TOTAL CURRENT FUNDS
41

86,641.34

24,416.18 197.80
105,825.00 335.675.46 222,415.05
25,203.20 355.104.47

1,068,837.16

3,149.51 287,244.64
4,140.95 225,000.00 (185,888.91)

333,646.19

283,162.46

4,266,441.10

GEORGIA INSTITUTE OF TECHNOLOGY

BALANCE SHEET



June 30, 1968

f

ASSETS (Continued)
II. AGENCY FUNDS Cash in Bank Certificates of Deposit TOTAL AGENCY FUNDS



y

$ 361,621.58

1,075,000.00

y

$: 1,436,621.58

III. ENDOWMENT FUNDS Cash in Bank Deferred Expenses Investments Real Estate Texas Property W. G. S. T. Radio Stocks Preferred Common Bonds Georgia Tech University System Building Authority C & S Savings U. S. Treasury Aluminum Company of America General American Transportation Corp. American Telephone & Telegraph Co. International Bank for Reconstruction Development International Harvester Company Home Federal Savings and Loan Association
TOTAL ENDOWMENT FUNDS

$ 222,158.11

V

13,110.73

$ 74,015.78 4,915.58

10,491.25



418,196.16

r 18,000.00

951,450.00

*

195,600.00

242,000.00

k

34,695.40

30,001.65

Xf

25,970.40

40,899.15

38,003.30

1 0 ,0 00 .00

2,094,238.67

fs

2,329,507.51

IV. STUDENT LOAN FUNDS Cash in Bank Investments Notes Receivable (Students) Bonds Georgia Tech University System Building Authority U. S. Treasury Total Investments
TOTAL STUDENT LOAN FUNDS

$ 133,526.04 y
$ 1,680,977.70

40,000.00

A

550.00

5 ,0 00 .00



1,726,527.70

,i

1,860,053.74

y

V. PLANT FUNDS A. UNEXPENDED Cash in Bank U. S. Government Bonds Accounts Receivable
TOTAL UNEXPENDED FUNDS

$ 1,817,373.61

3,911,309.98

473.34

r

$ 5,729,156.93

V

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

$ 6,040,309.00

V

55,304,807.26

4,770,485.83

22,555,924.58

>

88,671,526.67

V

94,400,683.60

TOTAL ASSETS

$104,293,307.53

(V

42

LIABILITIES (Continued)
II. AGENCY FUNDS Fund Balance
TOTAL AGENCY FUNDS III. ENDOWMENT FUNDS
Fund Balance

GEORGIA INSTITUTE OF TECHNOLOGY
BALANCE SHEET June 30, 1968

1,436,621.58 $ 2,329,507.51

1,436,621.58

TOTAL ENDOWMENT FUNDS
IV. STUDENT LOAN FUNDS Fund Balance
TOTAL STUDENT LOAN FUNDS
V. PLANT FUNDS A. UNEXPENDED Reserve for Bond Sinking Fund Reserve for Callaway No. 1 Replacement Reserve Fund Balance TOTAL UNEXPENDED FUNDS B. EXPENDED Bonds Payable Equity of University System Building Authority Investment in Plant
TOTAL EXPENDED FUNDS TOTAL PLANT FUNDS
TOTAL LIABILITIES

$ 1,860,053.74

2,329,507.51

1,860,053.74

$ 291,503.34 87,999.18
469,974.90 4,879,679.51

$ 5,729,156.93

$ 286,000.00

24,947,498.00 63,438,028.67

88,671,526.67

94,400,683.60

$104.293.307.53

GEORGIA INSTITUTE OF TECHNOLOGY
STATEMENT OF CURRENT INC(ME For Year Ended June 30, 1968

A. EDUCATIONAL AND GENERAL STUDENT FEES REGULAR Matriculation Non-Resident Tuition Other Student Fees TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia - Operations
GOVERNMENTAL Atomic Energy Commission National Aeronautics & Space Administration National Defense Education Act National Institute of Health National Science Foundation
TOTAL GOVERNMENTAL
ENDOWMENT Julius L. Brown Josephine L. Cloudman Elizabeth W. Hamilton Jennie L. Hamilton Edmund Magers Forrester-McRae Broadus E. Willingham
TOTAL ENDOWMENT
OTHER SOURCES Alexander Memorial Building Research Contracts Overhead - E. E. S. Interest on Investments General and Miscellaneous Testing Service - Textile Engineering
TOTAL OTHER SOURCES
RESEARCH INC(ME FOR DIRECT EXPENDITURES
United States Government Other
TOTAL INC (ME FOR DIRECT EXPENDITURES
FOR INDIRECT EXPENDITURES United States Government Other
TOTAL INCOME FOR INDIRECT EXPENDITURES
INSTRUCTION INCOME FOR DIRECT EXPENDITURES
United States Government Other
TOTAL INCOME FOR DIRECT EXPENDITURES
44

General Income

Restricted Income

Total Income

$ 2,427,953.30 $ 2,284,677.90 31.404.13
$ 4,744,035.33 $
$ 8,885,243.00 $
$ 20,112.00 $ 86.526.00
109,258.00 15.352.00 59,558.06
$ 290,806.06 $
$ 10,949.56 $ 8,403.49 300.00 292.38 13.62 148.63 69.38
$ 20,177.06 $
$ 10,,098.62 $ 340,,223.93 37,,708.84 10,,688.94 7,,934.24
$ 406.,654.57 $
$ 1,319,503.83 $ 202,086.48
$ 1,521,590.31 $
$ 372,171.28 $ 52,598.10
$ 424,769.38 $
$ 342,204.52 $ 34,769.72
$ 376,974.24 $

$ 2,427,953.30 2,284,677.90 3 1 t404.13
$ 4,744,035.33
$ 8,885,243.00
$ 20,112.00 86,526.00
109,258.00 15,352.00 59,558.06
$ 290,806.06
$ 10,949.56 8,403.49 300.00 292.38 13.62 148.63 69.38
$ 20,177.06
$ 10,098.62 340,223.93 37,708.84 10,688.94 7,934.24
$ 406,654.57
$ 1,319,503.83 202,086.48
$ 1,521,590.31
$ 372,171.28 52,598.10
$ 424,769.38
$ 342,204.52 34,769.72
$ 376,974.24

GEORGIA INSTITUTE OF TECHNOLOGY
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1968

. EDUCATIONAL AND GENERAL (Continued) INSTRUCTION INCOME (Continued) FOR INDIRECT EXPENDITURES United States Government Other
TOTAL INCOME FOR INDIRECT EXPENDITURES
GIFTS AND GRANTS Abex Foundation Aetna Life and Casualty Air Reduction Company, Inc. Alcoa Foundation American College Public Relations Association American Cyanamid Company American Mutual Liability Insurance Company American Society for Engineering Education American Society for Mechanical Engineers American Stock Exchange Armco Foundation Armstrong Cork Company, Inc. Ashland Oil and Refining Company Atlantic Richfield Foundation Atlas Chemical Industries, Inc. Bethlehem Steel Corporation Binks Manufacturing Company Budd Company Foundation, Inc. Burlington Industries Foundation Chrysler Corporation Constrance F. Cizek Clark Equipment Company Coats and Clark, Inc. Coca Cola Company Combustion Engineering, Inc. Consolidation Coal Company Continental Can Company, Inc. Continental Oil Company Cooper Industries, Inc. Corning Glass Works Foundation Crown Zellerback Foundation Cutler Hammer Foundation Dow Badische Company Dow Corning Company E. I. DuPont Company Eighty Maiden Lane Foundation Esso Education Foundation Ethyl Corporation Ferro Corporation Firestone Tire and Rubber Company Sapp Funderburk General Electric Company General Mills Foundation Georgia Tech Foundation, Inc. Georgia Tech Research Institute Gerber Baby Foods Foundation Aillen P. Givens The Glidden Company Gulf Oil Foundation Halliburton Education Foundation, Inc.
45

General Income

Restricted Income

Total Income

$ 23,515.51 $ 8,946.90
$ 32,462.41 $
65.00 $ 762.50 45.00 20,000.00 20.00 2,500.00 200.00 300.00 2,500.00 20.00 1,060.00 45.00 40.00 1,000.00 55.00 5,000.00 300.00 250.00 1 ,000.00 130.00 21.00 10.00 45.00 2 ,000.00 659.00 30.00 677.00 20.00 100.00 10.00 1 ,200.00 25.00 2,500.00 80.00 1,500.00 35.00 1,821.50 700.00 20.00 50.00 20.00 5,000.00 25.00 305,648.67 5,000.00 200.00
6.25 50.00 1,798.00 35.00

$ 23,515.51 8,946.90
$ 32,462.41

$

65.00

762.50

45.00

2 0 ,000.00

20.00

2,500.00

200.00

300.00

2,500.00

20.00

1,060.00

45.00

40.00

1 ,000.00

55.00

5,000.00

300.00

250.00

1,000.00

130.00

21.00

10.00

45.00

2 ,000.00

659.00

30.00

677.00

20.00

100.00

10.00

1 ,200.00

25.00

2,500.00

80.00

1,500.00

35.00

1,821.50

700.00

20.00

50.00

20.00

5,000.00

25.00

305,648.67

5,000.00

200.00

6.25

50.00

1,798.00

35.00

GEORGIA INSTITUTE OF TECHNOLOGY
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1968

A. EDUCATIONAL AND GENERAL (Continued) GIFTS AND GRANTS (Continued) James Hardee, Jr. Safford Harris Hercules, Inc. Hewlette Packard Company Honeywell Foundation No. 2 H. U. D. Hughes Aircraft Company Stanford A. Hurd Ingersoll-Rand Company Fund I. B. M. Corporation I. B. M. World Trade Corporation International Telephone Corporation Jefferson Chemical Company Dana H. Johnson Kendall Company Foundation Kiplinger Associates, Inc. Koopers Foundation Lockheed-Georgia Company McGraw Hill, Inc. Marion H. Mader Martin-Marietta Corporation Oscar Marzski Richard King Mellon Charitable Trust Miehle, Goss, Dexter Foundation G. Everett Millican Olin Mills, Inc. Monsanto Company Mutual of New York Life Insurance Company NCR Foundation National Lead Foundation National Merit Scholarship Corporation National Steel Charitable Trust Charles G. Naylor New England Mutual Life Insurance Company The 1907 Foundation, Inc. Olin-Mathieson Charitable Trust Olin Plan Mary Jane Orr Phillips Petroleum Company Pittsburgh Plate Glass Foundation Provident Life and Accident Insurance Co. Prudential Insurance Company of America Ralston Purina Company Rayonier Foundation R. J. Reynolds Tobacco Company Riegel Textile Corporation Foundation -Rockwell Manufacturing Company Charitable Trust June P. Rowley Sanders Associated, Inc. Schlumberger Foundation Scott Paper Company Service Bureau Corporation Sinclair Oil Corporation Foundation The Singer Company S. & H. Foundation, Inc. Spring and Summer Seniors of 1967
46

General

Restricted

I n c o m e ___________I n c o m e

Total Income

$

101.35 $

15.00

798.00

30.00

606.50

435.00

385.00

5.00

84.06

25,100.00

2 , 000.00

195.00

500.00

25.00

90.00

100.00

40.00

3.200.00

20.00

9.25 100.00

100.00

20,000.00

100.00

1.95

17.24

2.500.00

150.00

40.00

65.00
.1 100.00

10.00

100.00

510.00

25.00

110.00 10.00

25.00

1 ,000.00

500.00

25.00

110.00 10.00

500.00

130.00

100.00

20.00

10.45

25.00

1,000.00

500.00

20.00

70.00

200.00

650.00

680.43

$

101.35

15.00

798.00

30.00

606.50

435.00

385.00

5.00

84.06

25,100.00 2 ,000.00

195.00

500.00

25.00

90.00 100.00

40.00

3.200.00 20.00

9.25 100.00 100.00

20,000.00

100.00

1.95

17.24

2.500.00

150.00

40.00

65.00
.1 100.00
10.00

100.00

510.00

25.00

110.00 10.00

25.00

1 ,000.00

500.00

25.00

110.00 10.00

500.00

130.00 100.00
20.00

10.45

25.00 1 ,0 0 0.00

500.00

20.00

70.00 200.00

650.00

680.43

GEORGIA INSTITUTE OF TECHNOLOGY
STATEMENT OF CURRENT INCOME For Year Ended June 30. 1968

A. EDUCATIONAL AND GENERAL (Continued) GIFTS AND GRANTS (Continued) Standard Oil Company Standard Oil Company of California Standard Oil (Indiana) Foundation Stauffer Chemical Company Textronix Foundation Texas Eastern Transmission Corp. Textile Education Foundation Thiele Kaolin Company Time, Inc. Trans-World Airlines, Inc. Travelers Insurance Company Union Camp Corporation Union Carbide Corporation Union Oil Company of California Uniroyal Foundation United Aircraft Corporation University of Michigan Unknown Donor U. 0. P. Foundation Vulcan Materials Company Walker Manufacturing Company Warner-Lambert Pharmaceutical Company Vassar Woolley Foundation Morgan Worcester Worthington Foundation Xerox Corporation
TOTAL GIFTS AND GRANTS
TOTAL EDUCATIONAL AND GENERAL INCOME
NON-INCOME (-) Increase or Decrease in Accounts Receivable Increase or (-) Decrease in Unearned Income Transfers from Other Funds Experiment Station Plant Funds
TOTAL NON-INCOME
TOTAL EDUCATIONAL AND GENERAL RECEIPTS
B. SOUTHERN TECHNICAL INSTITUTE STUDENT FEES Non-Resident Tuition Matriculation Other
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS State of Georgia

General Income

Restricted Income

Total Income

$

500.00 $

1,000.00

75.00

28.00

10.00

10.00

7,865.49

300.00

25.00

80.00

80.00

2,785.00

5,000.00

65.00

325.00

40.00

70.00

.23

500.00

20.00

15.00

10.00

6,364.03

25.00

312.00

41.00

$ 454,378.90 $

$17,157,091.26 $

(51,328.54) (4,853.00)
70,000.00 6,569.86
$ 20,388.32 $
$17,177,479.58 $

$

500.00

1,000.00

75.00

28.00

10.00

10.00

7,865.49

300.00

25.00

80.00

80.00

2,785.00

5,000.00

65.00

325.00

40.00

70.00

.23

500.00

20.00

15.00

10.00

6,364.03

25.00

312.00

41.00

$ 454,378.90

$17,157,091.26

(51,328.54) (4,853.00)
70,000.00 6,569.86
$ 20,388.32
$17,177,479.58

$ 44,139.95 $ 315,858.91 10,226.20
$ 370,225.06 $
$ 850,000.00 $

$ 44,139.95 315,858.91 10,226.20
$ 370,225.06
$ 850,000.00

47

GEORGIA INSTITUTE OF TECHNOLOGY
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1968

B. SOUTHERN TECHNICAL INSTITUTE (Continued) GOVERNMENTAL
Atomic Energy Commission Department of Health, Education and Wel f a r e
TOTAL GOVERNMENTAL
GIFTS AND GRANTS
Blue Bell Foundation Cluett, Peabody and Company General Electric Company Georgia Power Company Robert K. Thrower, Inc. University of Hartford
TOTAL GIFTS AND GRANTS
SOUTHERN RAILWAY, INC.
TOTAL SOUTHERN TECHNICAL INSTITUTE INCOME
NON-INCOME
(-) I n c r e a s e or D e c r e a s e in A c c o u n t s R e c e i v a b l e Transfers from Plant Fund
TOTAL NON-INCOME
TOTAL SOUTHERN TECHNICAL INSTITUTE RECEIPTS
C. EXTENSION DIVISION STUDENT FEES
Registration Fees - Continuing Education Food, Housing & Travel - Continuing Education
TOTAL STUDENT FEES
PUBLIC APPROPRIATIONS
State of G eorgia - Operations Vocational Funds - State
- Federal
TOTAL PUBLIC APPROPRIATIONS
TOTAL EXTENSION DIVISION INCOME
NON-INCOME
(-) I n c r e a s e or D e c r e a s e in A c c o u n t s R e c e i v a b l e I n c r e a s e or (-) D e c r e a s e in U n e a r n e d I n c o m e
TOTAL NON-INCOME
TOTAL EXTENSION DIVISION RECEIPTS

General Income

Restricted Income

Total Income

$ 13,000.00 $ 21,000.00
$ 34,000.00 $

$

250.00 $

1,000.00

25.00

2,000.00

250.00

2,200.00

$

5,725.00 $

$ 96,045.00 $

$ 1,355,995.06 $

$

(460.00) $

616.74

$

156.74 $

$ 1,356,151.80 $

$ 13,000.00 21,000.00
$ 34,000.00

$

250.00

1,000.00

25.00

2,000.00

250.00

2,200.00

$

5,725.00

$ 96,045.00

$ 1,355,995.06

*4

$

(460.00)

616.74

$

156.74

$ 1,356,151.80

$ 303,590.45 $ 45,039.00
$ 348,629.45 $
$ 135,000.00 $ 46,923.48 46,923.48
$ 228,846.96 $ $ 577,476.41 $
$ (17,363.70) $ 53,820.00
$ 36,456.30 $
$ 613,932.71 $

$ 303,590.45 45,039.00
$ 348,629.45

$ 135,000.00 46,923.48 46,923.48
$ 228,846.96
$ 577,476.41

44

$ (17,363.70) 53,820.00
$ 36,456.30
$ 613,932.71

fl 48

GEORGIA INSTITUTE OF TECHNOLOGY

K -**m jq h 1 y

STATEMENT OF CURRENT INCOME For Year Ended June 30, 1968

\y |* >*
VP vV '#
V ll<K

D. AUXILIARY ENTERPRISES BOOKSTORES Main Store Southern Technical Institute

General Income

Restricted Income

$ 687,204.52 $ 134,065.56

|

TOTAL BOOKSTORES

$ 821,270.08 $

> \"^
M*
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y-iS I
Jk :
YI fy ?
y1
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DORMITORIES Brown Cloudman Field Girls' Glenn Hans on Harris Harrison Hopkins Howe11 Mathison Perry Smith Southern Technical Institute Dormitory No. 1 Southern Technical Institute Dormitory No. 2 Techwood Towers

$ 30,617.05 $ 41,967.92 53,890.22 3,649.32
107,305.13 43,925.81 44,175.09 44,467.10 47,092.65 32,806.14 62,050.43 54,736.19 80,709.37 67,094.73 75,591.25 101,920.10 67,407.76

) <* %4
8* H |

TOTAL DORMITORIES
APARTMENTS Burge Callaway Callaway No. 1

$ 959,406.26 $
$ 59,311.18 $ 146,463.64 6,297.25

jjjjy 4 jL r

TOTAL APARTMENTS

$ 212,072.07 $

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DINING HALLS Bradley Brittain Technical Institute TOTAL DINING HALLS
RENTAL PROPERTY
GENERAL AND MISCELLANEOUS
ALEXANDER MEMORIAL BUILDING
MILITARY UNIFORM SALES

$ 302,071.23 $ 522,752.24 201,242.80

$ 1,026,066.27 $

$

4,892.50 $

$

150.00 $

$ 41,765.27 $

$ 24,281.75 $

Hu
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HEALTH SERVICE FEES - REGULAR HEALTH SERVICE FEES - S. T. I.
TOTAL HEALTH SERVICE FEES
p a r k i n g LOTS

$ 263,392.55 $ 9,976.85
$ 273,369.40 $
$ 37,989.43 $

*J

49

Total Income

$ 687,204.52 134,065.56
$ 821,270.08

$

30,617.05

41,967.92

53,890.22

3,649.32

107,305.13

43,925.81

44,175.09

44,467.10

47,092.65

32,806.14

62,050.43

54,736.19

80,709.37

67,094.73

75,591.25

101,920.10

67,407.76

$ 959,406.26

$ 59,311.18 146,463.64 6,297.25
$ 212,072.07

$ 302,071.23 522,752.24 201,242.80
$ 1 ,026,066.27

$

4,892.50

$

150.00

$ 41,765.27

$ 24,281.75

$ 263,392.55 9,976.85

$ 273,369.40

$ 37,989.43

GEORGIA INSTITUTE OF TECHNOLOGY
STATEMENT OF CURRENT INCOME For Year Ended June 30, 1968

AUXILIARY ENTERPRISES (Continued) POST OFFICE
PRINT SHOP
CONCESSIONS - S. T. I.
VENDING
GEORGIA TECH Y. M. C. A.
TOTAL AUXILIARY ENTERPRISES INCOME
NON-INCOME Decrease in Accounts Receivable Increase in Unearned Income
TOTAL NON-INCOME
TOTAL AUXILIARY ENTERPRISES RECEIPTS
E. ENGINEERING EXPERIMENT STATION INCOME FOR DIRECT EXPENDITURES Georgia Tech Research Institute - Contracts United States Government Other
Other Sponsored Research United States Government Other
Services to Georgia Tech
TOTAL INCOME FOR DIRECT EXPENDITURES
INCOME FOR INDIRECT EXPENDITURES AND STATION SUPPORTED RESEARCH
Georgia Tech Research Institute - Contracts United States Government Other
Other Sponsored Research United States Government Other
Services to Georgia Tech Service Groups Endowment Income - Phillip R. Lamar Georgia Tech Research Institute - Other Public Appropriations - State of Georgia Miscellaneous
TOTAL INCOME FOR INDIRECT EXPENDITURES AND STATION SUPPORTED RESEARCH
TOTAL ENGINEERING EXPERIMENT STATION INCOME

General Income

Restricted Income

Total Income

$ 12,769.37 $

$ 61,819.41 $

$

3,366.50 $

$ 74,978.93 $

$ 20,069.80 $

$ 3,574,267.04 $

$ 12,769.37

$ 61,819.41

$

3,366.50

$ 74,978.93

$ 20,069.80

$ 3 ,574,267.04

$ 14,933.33 $ 7,623.08
$ 22,556.41 $
$ 3,596,823.45 $

$ 14,933.33 7,623.08
$ 22,556.41
$ 3,596,823.45

$ 1,789,727.42 $ 596,575.80
373,655.54 46,182.15 37,292.13
$ 2,843,433.04 $

$ 1,789,727.42 596,575.80
373,655.54 46,182.15 37,292.13
$ 2,843,433.04

$ 689,467.10 $ 292,987.16
135,156.19 308,086.73
73,882.21 103,567.70
1,366.30 249,486.34 1,960,000.00
15,499.99
$ 3,829,499.72 $
$ 6,672,?32.76 $

$ 689,467.10 292,987.16
135,156.19 308,086.73
73,882.21 103,567.70
1,366.30 249,486.34 1,960,000.00
15,499.99
$ 3,829,499.72
$ 6,672,932.76

50

hi
l TU

GEORGIA INSTITUTE OF TECHNOLOGY
STATEMENT OF CURRENT INCiME For Year Ended June 30, 1968

*

E. ENGINEERING EXPERIMENT STATION (Continued) NON-INCOME
i -> (-) Increase or Decrease in Accounts Receivable Transfers from Other Funds Educational and General - Regular Educational and General - Services & Facilities

TOTAL NON-INCOME

TOTAL ENGINEERING EXPERIMENT STATION RECEIPTS F. STUDENT AID
ENDOWMENT INCOME GIFTS AND GRANTS STATE OF GEORGIA - APPROPRIATIONS UNITED STATES GOVERNMENT

TOTAL STUDENT AID

TRANSFERS Ford Foundation

Aj

TOTAL STUDENT AID RECEIPTS

* TOTAL CURRENT INCOME

TOTAL NON-INCOME

TOTAL CURRENT RECEIPTS

General Income

Restricted Income

Total T nc.nme

$ 125,397.65 $ (23,000.00) 340,223.93
$ 442,621.58 $ $ 7,115,554.34 $

$ 125,397.65 (23,000.00) 340,223.93
$ 442,621.58 $ 7,115,554.34

$

$ 108,223.18 $ 108,223.18

1,214,605.89 1,214,605.89

22,100.00

22,100.00

114,215.00

114,215.00

$

$1,459,144.07 $ 1,459,144.07

$

$ 1,500.00 $

1,500.00

$

$1,460,644.07 $ 1,460,644.07

$29, 337,762.53 $1,459,144.07 $30,796,906.60

$ 522,179.35 $ 1,500.00 $ 523,679.35

$29,859,941.88 $1,460,644.07 $31,320,585.95

STATEMENT OF CURRENT EXPENDITURES For Year Ended June 30, 1968

A. EDUCATIONAL AND GENERAL GENERAL ADMINISTRATION President's Office Controller's Office Controller's Office Accounting Controller's Office Procurement Controller's Office Personnel

Fund Classification

---General

Resi-ri orpH

$ 71,422.74 $ 35,728.59
531,629.29 74,633.13 58,846.38

Object Classification

Salaries & Wages

Operating Supplies fv F.vnense

$ 66,015.71 $ 4,530.95 $

33,887.57

1,013.04

876.08 827.98

424,583.27

64,098.64

42,947.38

61,287.37

8,429.43

4,916.33

53,970.74

2,112.70

2,762.94

4

51

GEORGIA INSTITUTE CF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (Continued)

Fund Classification

General

Restricted

A. EDUCATIONAL AND GENERAL (Continued) GENERAL ADMINISTRATION (Continued) Registrar's Office
TOTAL GEN. ADMIN.

$ 277,905.67 $ $ 1,050,165.80__$

GENERAL EXPENSE Vice President Planning $ Vice President Development Vice President DevelopmentInformation Services & Publications Vice President DevelopmentAlumni Affairs Vice President DevelopmentCampus Affairs Vice President Programs General Institutional Expense Resources Development Faculty & Staff Benefits

37,971.26 $ 38,922.74
26,837.67
18,163.25
32,631.36 36,623.13
315,880.44 24,144.55
605,157.02

TOTAL GEN. EXPENSE

136,331.42 $

STUDENT WELFARE

Dean of Students

$

Vice President Development-

Placement

Y. M. C. A.

164,845.05 $
38,334.06 15,786.44
218,965.55 $

PLANT OPERATIONS Physical Plant

$ ,588,063.30 $

Vice President DevelopmentCampus Planning
Office of Construction Miscellaneous & Insurance Security

38,668.95 22,876.88 100,041.27 161,968.02

,911,618.42 $

LIBRARY

893,659.08 $

INSTRUCTION ENGINEERING COLLEGE
Dean's Office Aerospace Architecture Ceramics Chemical Civil Eng. Exp. Station Electrical

60,718.85 $ 266,497.67 393,933.74 140,122.02 259,236.35 411,575.22
32,617.83 572,608.89
52

Salaries & Wages

Object Classification

Operating Supplies & Expense

Equipment

$ 203,486.86 $ 57,555.80 $ 16,863.01 $ 843,231.52 $ 137,740.56 $ 69,193.72

gf.?

$ 36,505.23 $ 1,466.03 $

30,625.02

5,519.88

2,777.84

s'*

22,048.42

1,096.65

14,709.84

3,453.41

31,418.08 34,699.92

648.83 1,923.21

27,050.92 21,549.96 579,021.67

288,829.52 2,219.23
26,135.35

$ 797,629.06 $ 331,292.11 $

3,692.60 564.45 375.36
7,410.25

>y 5f -
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$ 152,999.10 $ 5,827.56 $ 6,018.39

34,862.08 15,786.44

2,468.59

1,003.39 f-

$ 203,647.62 $ 8,296.15 $ 7,021.78

>

$ 973,143.64 $ 547,434.59 $ 67,485.07

36,417.43 22,050.00
(13.64) 150,811.44

1,865.97 686.88
99,267.43 6,471.57

385.55 140.00 787.48 4,685.01

r1 S', jjr

M

$ 1,182,408.87 $ 655,726.44 $ 73,483.11

V

H!

$ 451,511.68 $

Mb* 6,508.35 $ 435,639.05

if*

ji

$ 48,760.83 $ 6,897.73 $

251,926.99

12,570.68

5,060.29 2,000.00

i
J]

368,515.16

13,931.96

11,486.62 - ,,A*

120,997.24

9,140.95

9,983.83

225,559.68

12,708.03

20,968.64



378,386.15

25,660.07

7,529.00

27,963.69

4,654.14

483,627.60

17,886.16

71,095.13

f

1 1I '1*

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (Continued)

,'k /
I <* *1 *
> r1
HL V
,
p HJIL if?

Fund Classification

General

Restricted

A. EDUCATIONAL AND GENERAL

(Continued)

INSTRUCTION (Continued)

ENGINEERING COLLEGE (Cont'd.)

Engineering Graphics

$

Engineering Mechanics

Industrial

Mechanical

Nuclear

Textile

Water Resources Center

178,394.63 354,302.82 401,149.78 458,148.30 217,133.88 166,234.95
24,448.56

TOTAL ENG. COLLEGE $ 3,937,123.49 $

GENERAL COLLEGE Dean's Office Applied Biology Chemistry English Industrial Management Information Science Mathematics Modern Language Music Physical Training Physics Psychology Social Sciences

35,655.51 215,840.08 502.699.10 393,866.64 507,629.15
59,309.87 654,116.40 122.943.11
21,877.36 122,864.00 472,384.54 136,353.32 161,101.81

TOTAL GEN. COLLEGE $ 3,406,640.89 $

MISCELLANEOUS INSTRUCTION Vice President - Academic

Affairs

$

Graduate Division

Dean Graduate Division

Co-Op

Army R. 0. T. C.

Air R. 0. T. C.

Evaluation Studies

Naval Science

TOTAL MISCELLANEOUS

INSTRUCTION

$

76,658.51 $ 39,896.31 34,681.95 55,339.79
6,584.86 5,541.50 41,213.16 5,032.29
264,948.37 $

TOTAL INSTRUCTION

$ 7,608,712.75 $

EDUCATIONAL GRANTS Chemical Engineering Chemistry Civil Engineering Continuing Education Electrical Engineering Engineering Exp. Station Engineering Graphics Information Science Industrial Engineering

87,792.75 $ 34,831.17 39,384.35
6,555.49 10,673.84
(857.85) 639.46 30,696.02 63,061.84

53

Salaries & Wages

Object Classification
Operating Supplies
& Expense

169,976.50 329,080.01 339,587.18 373,350.52
94,352.94 148,778.92
22,330.08

1,545.59 9,597.40 21,405.45 14,030.40 13,056.91 9,196.20 1,119.84

6,872.54 15,625.41 40,157.15 70,767.38 109,724.03 8,259.83
998.64

$ 3,383,193.49 $ 173,401.51 $ 380,528.49

31,305.63 88,884.15 446.832.17 387,650.91 484,126.34 50,045.43 641,515.39 120.190.17 19,149.80 100.436.17 409,679.01 109,673.31 157,356.93

1,484.88 9,016.96 37,776.98 4,796.01 16,420.52 2,977.93 7,647.55 1,249.31 1,366.13 22,016.48 21,539.18 4,602.19 2,045.69

2,865.00 117,938.97
18,089.95 1,419.72 7,082.29 6,286.51 4,953.46 1,503.63 1,361.43 411.35
41,166.35 22,077.82
1,699.19

$ 3,046,845.41 $ 132,939.81 $ 226,855.67

$ 67,986.26 $ 5,839.00 $ 2,833.25

35,973.55

2,665.96

1,256.80

29,259.95

1,173.31

4,248.69

48,552.90

3,693.34

3,093.55

5,064.96

1,096.07

423.83

4,804.92

427.53

309.05

35,391.11

3,270.05

2,552.00

4,539.96

331.72

160.61

$ 231,573.61 $ 18,496.98 $ 14,877.78

$ 6,661,612.51 $ 324,838.30 $ 622,261.94

$ 66,219.25 $ 5,965.78 $ 15,607.72

16,471.55

8,964.84

9,394.78

35,063.31 3,447.50

3,811.79 3,107.99

509.25

688.26

9,985.58

(857.85)

406.77 25,207.50

151.91 3,319.82

80.78 2,168.70

48,917.59

14,107.25

37.00

GEORGIA INSTITUTE OF TECHNOLOGY

STATEMENT OF CURRENT EXPENDITURES (Continued)

Fund Classification_____

General

Restricted

____________Object Classification__________

Operating

Salaries

Supplies

& Wages

^ Expense

Enninment

A. EDUCATIONAL AND GENERAL (Continued)
EDUCATIONAL GRANTS (Cont'd.) Mechanical Engineering $ Nuclear Engineering Physics Psychology Vice President Academic Affairs Water Resources

8,190.20 47,328.88
7,414.30 3,000.00
1,490.56 41,722.13

$

4,544.05

41,519.59

3,000.00

857.85 39,048.50

2,629.69 1,362.22
632.71 1,216.00

1,016.46 4,447.07 7,414.30
1,457.63

TOTAL EDUCATIONAL GRANTS
TOTAL EDUCATIONAL GRANTS AND INSTRUCTION

$ 381,923.14 $______________ $ 283,845.61 $ 45,958.26 $ 52,119.27 $ 7,990,635.89 $______________ $ 6,945,458.12 $ 370,796.56 $ 674,381.21

ACADEMIC RESEARCH SPONSORED RESEARCH ENGINEERING COLLEGE
Aerospace Architecture Ceramics Chemical Civil Electrical Engineering Mechanics Industrial Mechanical Nuclear Textile
TOTAL ENG. COLLEGE

$ 225,585.95 (13.43)
44,946.15 79,174.61 53,063.97
9,121.83 30,327.41 77,772.53 87,176.21
8,610.15 48,616.97
$ 664,382.35 $

GENERAL COLLEGE Applied Biology Chemistry Industrial Management Information Science Mathematics Physics Psychology Research Experiment Station
TOTAL GEN. COLLEGE

$ 10,172.89 $ 306,055.43 65,866.88 92,186.97 6,623.00 143,198.54 39,689.81
15,503.10
$ 679,296.62 $

OCEAN SCIENCE CENTER

$ 40,612.59 $

WATER RESOURCES

$ 120,451.45 $

TOTAL SPONSORED RESEARCH $ 1,504,743.01 $

186,976.03 $ 37,350.52 $ (13.43)

40,792.18

3,673.19

62,569.87

12,345.72

44,201.82

6,084.67

7,664.94

29.70

29,895.55

(515.41)

69,044.39

7,962.48

70,798.92

7,627.43

7,130.54

479.61

28,648.36

1 18,105.92

1,259.40
480.78 4,259.02 2,777.48 1,427.19
947.27 765.66 8,749.86 1,000.00 1,862.69

547,722.60 $ 93,130.40 $ 23,529.35

$

5,826.63 $ 2,053.55 $ 2,292.71

202,556.66

58,510.75

44,988.02

56,884.86

8,781.77

200.25

83,020.72

6,761.06

2,405.19

6,623.00

103,285.42

26,149.65

13,763.47

26,980.63

12,701.33

7.85

545.53

14,957.57

$ 485,723.45 $ 129,915.68 $ 63,657.49

$ 30,526.75 $ 3,910.50 $ 6,175.34 $ 98,272.97 $ 14,385.50 $ 7,792.98 $ 1,162,245.77 $ 241,342.08 $ 101,155.16

INSTITUTIONAL RESEARCH ENGINEERING COLLEGE
Aerospace Architecture Ceramics

$ 418,211.65 40.00
74,863.14

151,292.35 40.00
33,708.23

23,469,33 $ 243,449.97

3,083.14

38,071.77

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (Continued)

OoN h-4
0P0*

Fund Classification

General

Restricted

A. EDUCATIONAL AND GENERAL

(Continued)

ACADEMIC RESEARCH (Cont'd.)

INSTITUTIONAL RESEARCH (Cont'd,

Chemical Civil

$ 103 ,321 .07 $ 238 ,145 .05

Electrical

95:,404,.64

Engineering Graphics

5,,964,.40

Engineering Mechanics

85.,672..69

Industrial Engineering

92.,573..76

Mechanical

75.,377.,63

Nuclear

26,,677.,18

Textile

69,,032.,34

TOTAL ENG. COLLEGE
GENERAL COLLEGE Applied Biology Chemistry English Industrial Management Information Science Mathematics Physics Psychology Social Science

285,,283. 55 $

$

8 ,606 .16 $

401 ,957 .06

3 ,600 .00

33 ,984,.71

128;,849,.18

60 ,760..79

374,,013,.27

12,,858,.72

18.,978.,48

Salaries & Wages

Object Classification

Operating

Supplies

& Expense

K t^-i pm pnr

$ 22 ,070 .98 $ 3 ,421 .80 $ 77 ,828 .29

85 ,994,.21

5 ,818,.01

146 ,332 .83

69.,460,.39

5 ,510,.22

20 ,434,.03

5.,800,.08

164,.32

33,,999..92

2.,794..55

,878,.22

89,,041.,04

2,,112..20

1.,420,.52

m ,877.,78

10.,124.,75

23.,375.,10

ii,,225.,70

85.,54

15,,365.,94

47,,673. 96

1,,433.,54

19,,924.,84

$ 592, 184. 64 $ 58, 017. 40 $ 635,

51

$

8 ,606 .16 $

$

101 ,416 .53

41 ,071 .12

259 ,469 .41

3 ,600 .00

33 ,984 .71

56 ,909,.91 59 ,042,.01 161 ,258,.11 12 ,858..72

518 .78 37 ,100,.04

71 ,939 .27 1 ,200,.00
175 ,655,.12

18;,978,.48

rH 0O0
ON 00 vO
CM
</>

TOTAL GEN. COLLEGE $ 1:,043,,608.,37 $

WATER RESOURCES
TOTAL INSTITUTIONAL RESEARCH

$ 12,,332.,90 $ ,341, 224. 82 $

ADMINISTRATION OF RESEARCH administrator of research $

42, 670. 93 $

ENGINEERING COLLEGE Aerospace Architecture Ceramic Chemical Civil Dean of Engineering Electrical Engineering Mechanics Industrial Mechanical Textile
TOTAL ENG. COLLEGE

$ 60 ,750 .74 $ 2 ,955 .00
11 ,760,.62 15 ,189,.36 33;,329,.63 22.,879,.97 12.,287..48 18:,253..80 13:,336.,64 29,,594.,09 9j,897.,77
$ 230, 235. 10 $

GENERAL COLLEGE

Chemistry

$

Dean of General College

Industrial Management

Information Science

36,471.74 $ 2,923.73 2,671.92
17,559.06

$ 456.,654.,63 $ 78. $ 12,,332.,90 $

.94 $ 508,,263.,80 $

$1

172. 17 $ 136,,707. 34 $1.,143, 345. 31

$ 35, 284. 98 $ 4, 451. 83 $ 2, 934. 12

$ 46 ,353 .89 $ 12 ,398 .88 $ 2 ,955 .00

8 ,912,.04

2 ,848 .58

12 ,397,.08

2 ,792 .28

26 ,509,.36 21.,983..88

6 ,820 .27 896,.09

11.,755..29

532,.19

17:,253..80

1,,000,.00

12:,686.,64

650,.00

29,,056.,62

537..47

8,,900.,04

997.,73

$ 198, 763. 64 $ 29,,473. 49 $

1,997 .97 1,997. 97

$ 36,249.23 $ 2,923.73 2,671.92
17,559.06

222.51 $

55

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (Continued)

Fund Classification

Kpnpral

nitrified

____________Object Classification_________ Operating

Salaries

'

& Wages

Supplies & Expense

Equipment

A. EDUCATIONAL AND GENERAL

(Continued)

ACADEMIC RESEARCH (Cont'd.)

ADMINISTRATION OF RESEARCH

(Continued)

GENERAL COLLEGE (Cont'd.)

Mathematics

$

Physics

TOTAL GEN. COLLEGE $

2,139.96 $ 36,658.66
98,425.07 $

WATER RESOURCES
TOTAL ADMINISTRATION OF RESEARCH

$ 33,581.22 $ $ 404,912.32 $

TOTAL ACADEMIC RESEARCH

$ 4,,250,880.15 $

TOTAL EDUCATIONAL AND GENERAL

EXPENDITURES

$17 ,452,256.31 $

(-) Increase of Decrease in Accounts Payable and Pur chase Orders Outstanding $ (648,294.47)
Increase in Central Stores $ 25,284.71

TRANSFERS

Agency Funds

$

Engineering Exp. Station

Restricted Funds

Trust Funds

5,399.35 387,223.93
1,500.00 21,932.60

TOTAL TRANSFERS

$ 416,055.88

total educational and
GENERAL DISBURSEMENTS

$17 ,245,302.43

SOUTHERN TECHNICAL INSTITUTE

GENERAL ADMINISTRATION

Director's Office

$

Business Office

Registrar's Office

TOTAL GEN. ADMIN.

$

29,919.93 $ 24,474.49 37,353.11
91,747.53 $

GENERAL EXPENSE

Placement Office

$

Faculty & Staff Benefits

General Institutional

Expense

TOTAL GENERAL EXP. $

STUDENT WELFARE

Dean of Students

$

PLANT OPERATIONS

$

LIBRARY

$

19,270.45 $ 39,471.48
34,170.30 92,912.23 $
46,457.98 $ 199,824.59 $
43,163.39 $

$

2,139.96 $

$

36,658.66

$ 98,202.56 $

222.51 $

$ 27,607.41 $ 4,929.31 $ 1,044.50

$ 359,858.59 $ 39,077.14 $ 5,976.59 $ 2,,583,276.53 $ 417,126.56 $1,250,477.06

$13,,007,163.40 $1;,927,486.73 $2,517,606.18

$ 27,719.88 $ 1,346.65 $

21,324.84

2,517.40

32,656.00

4,145.61

853.40 632.25 551.50

$ 81,700.72 $ 8,009.66 $ 2,037.15

$ 17,799.96 $ 1,320.49 $

150.00

30,941.57

1,066.91

7,463.00

11,590.54

22,579.76

$ 60,332.07 $ 24,967.16 $ 7,613.00

$ 41,428.68 $ 2,780.66 $ 2,248.64 $ 118,502.62 $ 77,201.21 $ 4,120.76 $ 22,894.18 $ 1,320.37 $ 18,948.84

56

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (Continued)

Fund Classification General_______Restricted

B. SOUTHERN TECHNICAL INSTITUTE

(Continued)

INSTRUCTION

Air Conditioning

$

Architecture

Chemistry and Physics

Civil Engineering

Drawing

Electrical

English

Gas Engineering

Industrial Engineering

Mathematics

Mechanical Engineering

Textile

Southern Railway Project

TOTAL INSTRUCTION

$

16,282.37 $ 59,902.55 101,617.90 108,575.62 33,309.36 145,727.57 68,697.80
5,802.06 81,243.13 86,207.29 99,305.54 19,035.46 84,247.67
909,954.32 $

AEC MOBILE EXHIBIT

$ 12,800.43 $

CURRICULUM PROGRAM

$ 10,907.75 $

LIBRARY

Grant - U. S. Dept. Health,

Education & Welfare Title

II

$

5,161.99 $

TOTAL SOUTHERN TECHNICAL

INSTITUTE EXPENSES

$ 1,412,930.21 $

(-) Increase or Decrease in

Accounts Payable and Purchase

Orders Outstanding

$ (28,782.62)

TOTAL SOUTHERN TECHNICAL

INSTITUTE DISBURSEMENTS

$ 1,,384,147.59

. EXTENSION DIVISION

Administrative Continuing Education

$ 41,930.92 $ 426,882.58

Industrial Education &

Fire Institute

141,577.58

TOTAL EXTENSION DIVISION

EXPENSES

$ 610,391.08 $

(-) Increase or Decrease in

Accounts Payable

$

TOTAL EXTENSION DIVISION

DISBURSEMENTS

$

(22,760.31) 587,630.77

. a u x i l i a r y ENTERPRISES BOOKSTORES Main Store Southern Technical Institute

$ 707,019.77 $ 109,030.31

TOTAL BOOKSTORES

$ 816,050.08 $

57

_________ Object Classification_________

Operating

'

Salaries

Supplies

& Expense

Equipment

$ 11,400.00 $ 55,691.76 79,886.09 68,113.44 32,499.90
107,098.80 66,619.80 3,928.50 75,901.84 80,877.83 54,682.41 13,050.00 44,192.45

742.23 $ 980.22 3,550.44 4,040.84 542.56 4,736.84 1,268.60 1,073.56 1,349.96 3,503.40 4,198.73 939.82 7,956.62

4,140.14 3,230.57 18,181.37 36,421.34
266.90 33,891.93
809.40 800.00 3,991.33 1,826.06 40,424.40 5,045.64 32,098.60

$ 693,942.82 $ 34,883.82 $ 181,127.68

$

9,726.29 $ 3,074.14 $

$

8,499.76 $ 2,407.99 $

$

$

116.25 $ 5,045.74

$ 1,037,027.14 $ 154,761.26 $ 221,141.81

$ 29,079.96 $ 12,453.15 $

397.81

245,783.85

145,756.62

35,342.11

95,637.68

35,584.64

10,355.26

$ 370,501.49 $ 193,794.41 $ 46,095.18

$ 130,931.35 $ 575,206.98 $

26,094.40

82,935.91

$ 157,025.75 $ 658,142.89 $

881.44 881.44

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (Continued)

F u n d C l a s s i f i c a t i o n ______

General

Restricted

Salaries
& Wages

Object Classification

Operating

Supplies
& Expense

Equipment

D. AUXILIARY ENTERPRISES

(Continued)

DORMITORIES

Brown Cloudman

$ 21,983.14 $ 20,758.26

Field

32,932.66

Girls 1

10,048.69

Glenn

52,089.35

Hans on

26,311.45

Harris

24,302.26

Harrison Hopkins

25,318.73 31,194.40

Howell

29,223.97

Matheson

28,907.84

Perry

30,286.08

Smith

61,700.54

Southern Technical Institute

n

26,713.64

Southern Technical Institute

#2

30,453.90

Techwood

51,595.79

Towers

65,048.64

TOTAL DORMITORIES

$ 568,869.34 $

$ 15,069.13 $ 6,914.01 $

13,851.24

6,907.02

22,026.77

10,905.89

8,126.56

1,922.13

38,102.45

13,986.90

17,460.76

8,850.69

16,855.06

7,447.20

17,441.94

7,876.79

21,708.43

9,485.97

19,901.46

9,322.51

17,746.49

11,161.35

20,397.00

9,889.08

40,892.75

20,807.79

16,649.34

10,064.30

16,882.37 34,092.98 34,131.78

13,571.53 17,502.81 30,916.86

$ 371,336.51 $ 197,532.83 $

APARTMENTS Burge Callaway Callaway No. 1
TOTAL APARTMENTS

$ 41,989.19 $ 91,995.44 2,710.00
$ 136,694.63 $

$ 21,043.19 $ 20,782.25 $

49,004.56

42,990.88

1,284.29

1,425.71

$ 71,332.04 $ 65,198.84 $

163.75 163.75

DINING HALLS

Bradley

$

Brittain

Southern Technical Inst.

288,602.92 $ 516,618.36
193,752.99

TOTAL DINING HALLS $ 998,974.27 $

RENTAL PROPERTY

$

1,492.09 $

DIRECTOR

$

136.76 $

CENTRAL ACCOUNTING OFFICE $

(22.80) $

HOUSING OFFICE

$

(371.54) $

$ 130,304.96 $ 158,274.95 $

224,241.10

292,377.26

97,668.75

96,084.24

$ 452,214.81 $ 546,736.45 $

$

805.65 $

686.44 $

$

$

(14.69) $

$

$

(22.80) $

$

$

(371.54) $

23.01 23.01 151.45

INFIRMARY

Infirmary

$

Southern Technical Inst.

256,240.38 $ 6,931.92

TOTAL INFIRMARIES

$ 263,172.30 $

MILITARY UNIFORMS

$ 25,730.87 $

$ 205,066.32 $ 49,527.69 $

6,254.49

677.43

$ 211,320.81 $ 50,205.12 $

$

1,324.98 $ 24,405.89 $

1,646.37 1,646.37

58

*4. I Ml

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (Continued)

KV iff v4 f 5i f
r '*4 'LmM. > r <</*>* V
'f r r
HM % <$P
ff

IU M I *i'0
hl
m wnf mm
4M
>1 * '4
i 1

Fund Classification

General

Restricted

D. AUXILIARY ENTERPRISES (Continued) PARKING LOTS

$

6,833.73 $

ALEXANDER MEMORIAL BUILDING $ 23,687.06 $

POST OFFICE

$ 38,524.28 $

GEORGIA TECH Y. M. C, A. PRINT SHOP VENDING

$ 21,808.63 $ $ 60,259.08 $ $ 43,158.62 $

CONCESSIONS - SOUTHERN TECHNICAL INSTITUTE

$

2,983.67 $

TOTAL AUXILIARY ENTERPRISES

EXPENSES

$ 3,007,981.07 $

Decrease in Accounts Payable

and Purchase Orders

Outstanding

$

Increase in Inventories

14,361.02 20,934.47

TRANSFERS Plant Fund Authority Lease Rentals General Bond Sinking Reserve Fund Callaway No. 1

TOTAL TRANSFERS

$

278,856.00 180,921.55
80,605.99
3,079.15
543,462.69

TOTAL AUXILIARY ENTERPRISES

DISBURSEMENTS

$ 3,586,739.25

ENGINEERING EXPERIMENT STATION

Georgia Tech Research

Institute

$ 2,584,624.52 $

Other Sponsored Research

470,003.69

Services to Georgia Tech

64,133.97

Station Supported Research 1,089,236.32

Administrative Expense

168,022.32

Divisional Expense Service Groups General 6c Miscellaneous Capital Additions and

769,184.08 427,154.28 425,035.95

Improvements Maintenance 6c Operations

113,068.68

(Non-Overhead)

1,217,922.80

Services to Instructional

Activities Vacation Adjustment

84,850.89 13,250.87

TOTAL ENGINEERING EXPERIMENT

STATION EXPENSES

$ 7,426,488.37 $

Salaries & Wages

Object Classification Operating

Supplies

6c Expense

Equipment

$

4,414.45 $ 2,419.28 $

$

9,677.38 $ 13,991.18 $

$ 37,576.13 $

948.15 $

$ 21,050.99 $

757.64 $

$ 26,492.88 $ 33,766.20 $

$ 14,653.52 $ 28,505.10 $

18.50

$

2,022.50 $

961.17 $

$ 1,381,248.40 $1 623,848.15 $

2,884.52

$ 2,144,394.90 $ 417,735.28 $ 22,494.34

370,104.09

35,568.60

64,331.00

45,247.37

18,886.60

637,371.90 157,724.02

52,313.75 8,758.98

399,550.67 1,539.32

635,989.16

102,740.36

30,454.56

306,974.42

70,889.60

49,290.26

19,467.58

338,900.14

66,668.23

-45,700.99

16,431.39

50,936.30

352,658.34

697,675.35

167,589.11

73,012.19 13,250.87

11,838.70

$ 4,801,895.83 $1,771,738.75 $ 852,853.79

59

GEORGIA. INSTITUTE OF TECHNOLOGY STATEMENT OF CURRENT EXPENDITURES (Continued)

Fund Classification G e n e r a l ________ R e s t r i c t e d

___________ O b j e c t C l a s s i f i c a t i o n ___________ Operating

Salaries

Supplies

& Wages

& E x p e n s e _____ E^uipment^

E. ENGINEERING EXPERIMENT

STATION (Continued)

(-) I n c r e a s e or D e c r e a s e in

Accounts Payable and Purchase

Orders Outstanding

$

31,052.40

TOTAL ENGINEERING EXPERIMENT

STATION DISBURSEMENTS

$ 7,457,540.77

STUDENT AID

Fellowships

$

Scholarships

Prizes

United States Government

$ 800,708.71 $ 800,708.71 $

$

494,637.75

494,637.75

360.43

360.43

112,893.00

112,893.00

TOTAL STUDENT AID

EXPENSES.

$

$1,408,599.89 $ 1,408,599.89 $

$

TOTAL CURRENT EXPENDITURES $29,910,047.04 $1,408,599.89 $22,006,436.15 $5,671,629.30 $3,640,581.48

(-) I n c r e a s e or D e c r e a s e in

Accounts Payable and Pur

chase Orders Outstanding

$

Increase in Central Stores

Inventories

(654,423.98) 46,219.18

TRANSFERS

959,518.57_______________

TOTAL CURRENT DISBURSEMENTS $30.261,360.81 $1,408,599.89

STATEMENT OF OPERATION OF RESTRICTED FUNDS For Year Ended June 30, 1968

Balance
July 1, 1967

Receipts
For Year

Disbursements

Balance

ForJYMI__JMBg_30^_1968.

STUDENT AID

FELLOWSHIPS

Air Reduction Company, Inc.

$

Atlantic Steel Company Atomic Energy Commission

Automotive Safety Foundation, Inc.

Burlington Industries

Callaway Educational Association

J. Hall Carpenter F o u n d a t i o n

Celanese Corporation of America

Chemical Marketing Research

Department of Housing and U r ban Development-

Menhinick

Diamond Alkalin Company Foundation

The Dow Chemical Company

E. I. D u p o n t De N e m o u r s C o m p a n y , Inc.

Ethyl Corporation

Ford Foundation

Daniel Guggenheim

Gulf Oil Corporation Foundation

International Lead Zinc Research Organization

650.71 $ 981.65
16.70 1,186.11
(400.00) 19.32
1,753.97 .01
114.44 241.06 4,187.91 (1,400.00) 8,146.29 2,342.07 600.00

$ 3,000.00 35,028.00 3,000.00 5,000.00
400.00
3,500.00
4,065.00 600.00
1,500.00 3,565.00
3,110.86 3,565.00

104.62 $ 3,605.31 31,928.14 4,186.11 2,343.47
19.32 2,318.27
.01
4,065.00
74.44 2,809.06 3,981.70
100.00 29.67
5,624.74

546.09 376.34 3,116.56
2,656.53
2,935.70
600.00 40.00
(1,068.00) 3,771.21 (1,500.00) 11,227.48
282.33 600.00

60

*7^1 *>* <%

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF OPERATION OF RESTRICTED FUNDS (Continued)

nr
P4 f#

Balance Julv 1. 1967

Receipts For Year

Disbursements

Balance

For Year June 30. 1968

FELLOWSHIPS (Continued)

International Nickel Company, Inc.

$

388 .32 $

$

388.32 $

Kaiser Aluminum and Chemical Corporation

8,492 .23

3,965.00

Link Foundation

.04

.04

Mellon Fellowship In City Planning

35,971 .32

30 ,000 .00

43,955.88

Merck Sharp and Dohme

1 ,000 .00

174.00

NASA Dependency Allowance

721 .22

17 ,550 .00

18,168.19

NASA Training Grant

2,071 .34

145 ,549 .00

145,419.06

NDEA Title IV

(395 .00) 297 ,175 .00

291,463.98

National Institute of Health

(2,286 .32)

18 ,542 .73

16,257.13

National Science Foundation

(618 .90) 181 ,345 .46

183,403.56

Office of Civil Defense

550 .03

550.03

Edward Orten, Jr.

2,400 .00

2,042.95

Pittsburgh Plate Glass Foundation

22 .47

2 ,818 .00

2,834.65

Proctor and Gamble Company

7,261 .42

777.78

Public Health Service

1 ,461 .00

1,461.00

The Rayonier Fellowship

4,267 .34

1,762.00

Roberts and Company

170 .02

170.02

Schlumberger Foundation

3,485 .40

4 ,000 .00

3,265.00

Shell Companies Foundation, Inc.

1,891 .81

5 ,000 .00

4,037.95

Standard Oil Company of California

178 .82

3 ,065 .00

3,221.82

Mary White Staton

125 .18

2 ,000 .00.

1,791.68

T. Earl Stribling Memorial Textile Fellowship

Fund Texaco Company Union Camp Corporation

43,143 .15 1,242 .31 2,375 .00

6 ,758 .40 4 ,420 .00 3 ,465 .00

3,513.79 3,553.70

United States Rubber Company Foundation United States Steel Foundation Whirlpool Corporation

(1,550,.76) 4,401,.08

5,,085,.00

(1,550.76) 3,901.08 4,991.00

4,527 .23
22,015 .44 826 .00 103 .03
2,201 .28 5,316 .02
(.72) (2,677 .00)
357 .05 5 .82
6,483 .64
2,505 .34
4,220 .40 2,853 .86
22 .00 333 .50
46,387 .76 2,108 .61 5,840,.00
500,.00 94,.00

TOTAL FELLOWSHIPS PRIZES Architects Alumni Prize The Borden Freshman Prize The Gordon Gambill Prize The Georgia Chapter Daughters Founder and
Patriots of American Uniform Award Georgia Kaolin Company Prize Silent Hoist and Crane Company Prize Fund

$ 132,747,,76 $ 795.,568,.45 $ 800,708.71 $ 127,607,.50

$

156.,09 $

800,,00

13.,80 $ 14.,62

60.00 $ 200.00

109.,89 600.,00
14. 62

43 1,200. 00

100. 00 150. 00

100.00 .43

1,350. 00

TOTAL PRIZES U. S. GOVERNMENT

$ 2,156. 52 $

Educational Opportunity Grant

$

Educational Opportunity Grants - H. E. W.

H. E. W. Education in Librarianship Training

$ (253. 67)

Grant #OEG-0-8-020003-0180-(320)

Department of Housing and Urban Development

Work-Study Program

(2,185. 52)

278. 42 $ 85, 950. 00 $
4, 065. 00 24, 200. 00

360.43 $
85,547.25 $ (253.67)
1,273.74 4,065.00 22,260.68

2,074. 51 402. 75
(1,273. 74) (246. 20)

TOTAL U. S. GOVERNMENT

$ (2,439. 19) $ 114, 215. 00 $ 112,893.00 $ (1,117. 19)

SCHOLARSHIPS Albany Georgia Tech Alumni Club The Alcoa Foundation Robert L. Allen Scholarship Allied Chemical Foundation Anonymous Scholarship Anonymous Scholarship Armco Foundation

$ (500. 00) $ 4,166. 00 1. 50 1,500. 00 (328. 92) 533. 33 (200. 00)

1 ,055. 50 $ 4, 500. 00
1 ,500. 00 385. 00 600. 00 800. 00

140.00 $ 3,500.00
1.50 1,500.00
(395.13) (287.75) 600.00

415. 50 5,166. 00
1,500. 00 451.:21
1,421.'08

61

GEORGIA INSTITUTE OF TECHNOLOGY

STATEMENT OF OPERATION OF RESTRICTED FUNDS (Continued)

Balance
Julv 1. 1967

Receipts For Year

Disbursements

Balance

F o r Ye.ar

June 30, 1968

55
/ill i;

SCHOLARSHIPS (Continued)

David J. Arnold Memorial Scholarship

$

351.23 $

Atlanta Chapter Armed Forces Committee

and Electronics Association

(250.00)

Atlanta Federal Savings & Loan Association

416.67

Atlanta Gas Light Company - S. T. I.

9.00

Atlanta Textile Club

(366.00)

Atlantic City High School

125.00

Atlantic City Jaycees

125.00

Augusta Georgia Tech Club

Avondale Scholarship

The Babcock & Wilcox Company

250.00

Batson Scholarship Fund

353.72

Bibb Manufacturing Company - S. T. I.

20.00

Birmingham Georgia Tech Club

Burlington Industries Foundation

500.00

Callaway Educational Association

Louis J. Cassels Scholarship

Chi Phi Fraternity

363.75

The Cincinnati Milling Company

170.00

Coats and Clark, Inc.

1.66

Combustion Engineering, Inc.

60.00

Crown Zellerbach Foundation

Damar Incorporated

700.00

Blanche Mohr Davis

2.90

Robert B. Dodd Fund

99.41

Douglas Aircraft Company, Inc.

750.00

Schroeter Ergenzinger Foundation

7,833.67

Ethyl Corporation

Ferro Corporation Award

Louise M. Fitten Fund

(4,802.80)

John and Mary Franklin Scholarship

(1,520.67)

Fulton Federal Savings and Loan Association

(750.00)

Geigy Chemical Corporation

250.00

General Motors Corporation

625.00

General Motors Technical Center

300.00

Georgia Highway Department Engineers

Association

Georgia Tech Club of Chattanooga

250.00

Georgia Tech Club of Jacksonville

Gilman Foundation

E. Barron Glenn Fund

1,000.00

Goodloe Yancy Scholarship

Goodyear Foundation

896.34

Greater Atlanta Georgia Tech Club Band

Greater Atlanta Georgia Tech Club Scholarship

(180.00)

George C. Griffin Foundation

1,646.44

Col. Frank E. Groseclose

200.00

Robert E. Gross - Lockheed Aircraft Corporation 2,899.00

1st. Lt. Charles R. Guttilla

143.00

The John P. Holmes Scholarship Honoring Ben Z.

and Sallie P. Holmes

225.00

Harvey Hochman Aeronautical Engineering Award

(46.09)

Huntsville - Georgia Tech Club

The Jefferson Mills, Inc. S. T. I.

.50

Jessie H. Jones and Mary Gibbs Jones

333.67

James J. Kerrigan Memorial

Kiplinger Fund - Washington, D. C. Club

500.00

Koppers Company, Inc.

(166.67)

635.54 $
250.00 1,000.00
720.00 1,500.00 3,400.00
404.83 1,282.50 2,130.00 1 , 000.00 1, 000.00
100.00
3,500.00
1,200.00 600.00
363.47 750.00 8,000.00 1,000.00 300.00 76,206.33 3,000.00 750.00 1,000.00 14,250.00
187.50 1,272.00 2,200.00 1,000.00 1,000.00 1,000.00 1,375.00 1,000.00 8,360.00 1,841.22
225.00 12.76 60.00
1,500.00 500.00
1,000.00

600.00 $
1,000.00 9.00
(66.00) 125.00 125.00 720.00 1,500.00 3,450.00 300.00 1,302.50 1,515.00 1,500.00 1 ,0 0 0 .0 0 100.00
(330.00) 3,168.32
60.00 1,200.00
600.00 2.90
462.88 75Q.00 7,554.65 1,000.00 300.00 41,466.61 1,479.33 249.99 750.00 14,875.00
187.50 250.00 2,200.00 1,000.00 1,000.00 1,000.00 1,583.33 500.00 9,457.12 1,600.00 200.00 2,500.00
250.00
60.00 .50
1,667.00 500.00
375.00

386.77
416.67 (300.00)

V
4
m

200.00 458.55
615.00

r*
1
yfrii

363.75

500.00

333.34

j !

700.00

750.00

f

8,279.02

\J

29,936.92

j

(249.99) 500.00 300.00
1,272.00
1,000.00
688.01 500.00 (1,277.12) 1,887.66 399.00 143.00 200.00 (33.33)
166.67 500.00 .458.33

V
mm ) A* i u
- 1J
w I v `- J
y mm
Sr ( jH'
I1 & l\
J.

l<m 62

GEORGIA INSTITUTE OF TECHNOLOGY

STATEMENT OF OPERATION OF RESTRICTED FUNDS (Continued)

if

$ V Vf I If1
iS #T 1 |T
% M p1 %M
MM

Balance lv 1. 1967

Receipts For Year

SCHOLARSHIPS (Continued)

Clark M. Lambert Memorial - S. T. I. C. D. LeBey Memorial Scholarship Fund Lockheed Leadership Fund Julian L. Looney Scholarship Lowry Fund Scholarship Robert L. MacDougall Scholarship Fund Macon Georgia Tech Club Dean C. V. Maddox Scholarship - S. T. I. Martin Company Freshman Tuition The Glenn L. Martin Company McLendon Scholarship The Arthur H. Merry and Ernest B. Merry

$

20.00 :$

630.88

7,019.00

2,184.20

18,417.24

323.78

170.06 5,311.67
(355.00) 504.00

500.00 489.34 11,010.00 1,633.08 15,037.91 230.70 600.00
2,479.78
500.00

Foundation Middle Tennessee Georgia Tech Alumni Club Minnesota Mining and Manufacturing Company Socony Mobil Oil Company Monsanto Chemical Company NOPCO Chemical Company North Alabama Georgia Tech Alumni Club Northside Atlanta Optimist Club Owens-Illinois Patterson and DeWar Scholarship Starke Patterson Scholarship Pennsylvania Glass Sand Award Phi Delta Theta Fund Annie Laura Galloway Phillips Jack Phinzy Scholarship Pittsburgh Ga'Ygia Tech Club

150.00 (183.00) 1,200.00 267.00 1,270.00 700.00 925.00
19.66 400.00 4,971.91
200.00 300.00 (100.00)

633.11 1,200.00
1,000.00
878.50 1,000.00 2,615.00
500.00 1,153.76 1,065.00
400.00 800.00

Producers' Council The Rayonier Scholarship Lucia Reeves Scholarship Regents State Scholarships Rhodes Scholarship Robert & Company Associates Rohm & Haas Company 0. H. Sale Freshman Scholarship Savannah Area Georgia Tech Alumni Club Schlumberger Foundation Scholarship -

475.40 8,293.47 11,124.00 1,200.03
166.67 1,400.00
(375.00)

500.00 1,000.00
22,100.00 5,000.00
2,000.00
1,125.00

General Scott Foundation Leadership Awards Seydel Woolley Foundation Scholarship Shaheen Foundation, Inc. Scholarship Alfred P. Sloan Foundation Scholarship Smith Turner Memorial Scholarship Society of the First Division Foundation The Southern Textile Overseers Scholarship Southwest Georgia Georgia Tech Club Scholarship Special Gift Scholarship Square "D" Company Scholarship Standard Oil Company Scholarship Texas Company Scholarship - Unrestricted Textile Education Foundation Scholarship Alexander Tharpe Scholarship Three Muskeeters Washington, D. C. Scholarship Towers Foundation Scholarship James F. Towers Scholarship

158.75 500.00 134.00 485.19 4,467.00 108.89
(100.00) 240.00 400.00
(625.00) (650.00) 200.00
149.48

2,000.00 3,100.00
500.00 213.68 7,300.00 946.53 750.00 250.00 250.00
500.00 2,000.00 17,000.00 264,763.03
500.00 582.26

Union Bag-Camp Paper Corporation

Scholarship - Unrestricted Union Carbide Educational Fund - Unrestricted

333.66 2,017.00

1,250.00

Disbursements

Balance

For Year June 30. 1968

$

$

520.00

250.00

870.22

11,325.01 2,166.66

6,703.99 1,650.62

20,591.50 500.00 600.00

12,863.65 54.48

1,775.00 (355.00)

170.06 6,016.45

500.00

504.00

150.00 250.00 1,200.00 267.00 833.33 500.00 1,000.00 1,000.00 2,634.66 400.00 750.00 1,065.00
500.00 366.67 1,000.00 500.00 1,000.00 400.00 10,852.37 5,600.00
1,166.67 1,400.00
750.00

200.11 1,200.00
1,436.67 200.00 803.50
500.00 5,375.67
200.00 200.00 333.33 (1,000.00)
75.40 19,541.10 10,524.00
1,200.03 1,000.00

2,000.00 3,600.00
634.00 225.00 5,800.66 750.00 750.00 250.00 150.00 240.00 400.00 500.00 1,375.00 17,100.00 257,854.82
731.74 (398.41)

158.75
473.87 5,966.34
305.42
(750.00) 7,108.21
500.00 398.41

999.99 1,033.56

583.67 983.44

63

GEORGIA INSTITUTE OF TECHNOIOGY STATEMENT OF OPERATION OF RESTRICTED FUNDS (Continued)

Balance Julv 1. 1967

Receipts For Year

Disbursements

Balance

For Year .Tune 30. 1968

SCHOLARSHIPS (Continued)

Union Carbide Engineering Scholarship -

Vincent Union Carbide - Unrestricted Union Oil Company of California Foundation

$ (1,258.00) $ 907.77

Scholarship

United States Rubber Company Foundation

Scholarship

1,309.00

Universal Oil Products Company Scholarship U. 0. P. Foundation Scholarship

1,638.66 1,500.00

Blake R. Van Leer Memorial Scholarship

William T. Walton Memorial Scholarship

Western Electric Company Scholarship

825.00

Westinghouse Air Arm Scholarship

(334.00)

Westwood Charitable Foundation Scholarship

84.00

R. K. Whitehead Scholarship

Wilcox-Connally Scholarship

(225.00)

Rip Williams Memorial Fund Washington, D. C.

Scholarship

25.00

Women's Aero Club of Atlanta Scholarship

(300.00)

Women's Chamber of Commerce Scholarship

(300.00)

R. W. Woodruff Scholarship

500.00

James Wright Memorial Scholarship

Paul R. Yopp Fund

1,340.18

2,250.00 $ 1,000.00
500.00
800.00 1,500.00
700.00 88.33
3,225.00
1,200.00 800.00 450.00
500.00 600.00 500.00 500.00 1,395.54

992.00 $ 1,907.77
500.00
991.50 60.00
1,500.00 442.00
4,050.00 (334.00)
1,284.00 800.00
200.00 300.00 350.00 500.00

1,117.50 3,078.66
258.00 88.33
225.00 25.00
650.00 2,735.72

TOTAL SCHOLARSHIPS

$ 98,653.19 $ 549,082.20 $ 494,637.75 $ 153,097.64

TRANSFERS Ford Foundation
TOTAL RESTRICTED FUNDS

$

$ 1,500.00 $

$ 1,500.00

$ 231,118.28 $1,460,644.07 $1:,408,599.89 $ 283,162.46

STATEMENT OF TRUST FUND BALANCES For Year Ended June 30, 1968

BALANCE OF PRINCIPAL, JULY 1, 1967
ADDITIONS Gifts and Grants Income on Investments Income on Student Loans Sale of Oil Income - Texas Farm Transfer from Endowment Transfer from Ford Foundation
TOTAL ADDITIONS
DEDUCTIONS Expense - Fitten Estate Expense - Texas Farm

Endowment Funds

Loan Funds

Total

$2,135,317.95 $1;,599,212.45 $3 ,734,530.40

$ 11,330.00 $ 258,082.34 $ 269,412.34

362,992.65

2,519.78

365,512.43

15,988.61

15,988.61

1,705.41

1,705.41

13,143.71

13,143.71

5,989.75

5,989.75

21,932.60

21,932.60

$ 389,171.77 $ 304,513.08 $ 693,684.85

$ 37,751.99 $ 19,743.81
64

$ 37,751.99 19,743.81

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF TRUST FUND BALANCES (Continued)

DEDUCTIONS (Continued) Distribution of Income Transfer to Loan Funds Transfer to Restricted Funds Transfer to Engineering Experiment Station
Transfer to General Funds
Teaching Credits Administrative Expense Refund of Overpaid Interest
TOTAL DEDUCTIONS
BALANCE OF PRINCIPAL, JUNE 30, 1968

Endowment Funds

Loan Funds

Total

$ 1,730.12 $ 5,989.75
108,223.18 1,366.30
20,177.06
$ 194,982.21 $

$ 1,730.12

5,989.75

108,223.18

1,366.30

20,177.06

35,703.47

35,703.47

7,943.00

7,943.00

25.32

25.32

43,671.79 $ 238,654.00

$2,329,507.51 $1,860,053.74 $4,.189,561.25

STATEMENT OF TRUST FUND BALANCES BY FUND For Year Ended June 30, 1968

Fund Balance Julv 1. 1967

Fund Balance Additions Deductions June 30. 1968

ENDOWMENT FUNDS The Architect Alumni Association Prize Fund The Eugene 0. Batson, Jr. Memorial Fund Julius L. Brown Professorship Julius L. Brown Professorship Operating Account Mrs. Josephine L. Cloudman Endowment Fund Mrs. Alice Spencer Coon Endowment Fund Dr. Lloyd C. Daniels Lettie Pate Evans Estate for the Joseph Brown Whitehead Hospital Louise M. Fitten Memorial Fund Forrester-McRae-Rankin, Etc. Endowment Fund Gordon Gambill Endowment Fund Robert E. Gross/Lockheed Aircraft Corporation Scholarship The Daniel Guggenheim School of Aeronautics Endowment Fund Elizabeth W. Hamilton Fund Miss Jennie L. Hamilton Endowment Fund Harvey Hochman Aeronautical Engineering 1954 Scholarship Fund The James & Mary Holland Memorial Trust Fund The John P. Holmes Scholarships Honoring Ben Z. and Sallie P. Holmes B. Mifflin Hood Chair of Ceramics The Clyde L. King, Jr. & John King Memorial Endowment Fund The Phillip R. Lamar Research in Cotton Seed Products Clark M. Lambert Memorial Scholarship Fund C. D. LeBey Memorial Scholarship Fund Julian L. Looney Scholarship Fund Lowry Memorial Scholarship Fund Robert L. MacDougall Fund Edmund Magers General Endowment Fund

$

300.00

11,087.68

221,304.80

4,527.21

78,431.48

4,350.00

5,000.00

227,623.10 490,141.20
1,933.06 261.93
30,000.00

84,221.32 5,040.36 5,075.00
1,150.00 40,260.55
6,262.50 151,451.70
12,538.28
32,045.93 500.00
14,094.84 36,283.65 503,819.79
5,554.50 92.51

$

13.80

351.25

12,434.05

32,883.62

8,311.66

168.49

225.00

121,199.79 163,609.93
125.60 12.60

3,095.53 252.02 225.00
50.26 1,692.62
225.00 3,865.60
575.00
1,365.00
785.81 1,633.08 14,900.18
230.70 23.90

$

13.80

404.83

10,951.51

25,033.76

8,403.49

168.49

115,066.52 148.63 14.62

3,110.86 292.38 300.00
50.26 1,692.62
225.00
613.28
1,410.93
489.34 1,633.08 15,037.91
230.70 13.62

$

300.00

11,034.10

222,787.34

12,377.07

78,339.65

4.350.00

5.225.00

348,822.89 538,684.61
1,910.03 259.91
30,000.00

84,205.99 5.000. 00 5.000. 00
1,150.00 40,260.55
6,262.50 155,317.30
12,500.00
32,000.00 500.00
14,391.31 36,283.65 503,682.06
5,554.50 102.79

65

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF TRUST FUND BALANCES BY FUND (Continued)

Fund Balance Julv 1. 1967

Fund Balance Additions Deductions__ Tune 30. 1968

ENDOWMENT FUNDS (Continued) The Martin Aircraft Scholarship Fund Thomas E. Mitchell Education Fund of the University of Georgia Starke Patteson Memorial Scholarship Endowment Fund Paul M. Platzman Scholarship Fund Reeves Soundcraft Corporation Library Fund Lucia Reeves Scholarship Fund M. Rich Endowment Fund The Shaheen Foundation, Inc. Scholarship Silent Hoist & Crane Company Materials Handling Prize Award Joseph M. Terrell Endowment Fund William T. Walton Memorial Fund Louis Wellhouse Memorial Fund WGST Radio Broadcasting Station Endowment Fund Broadus E. Willingham Textile Fund Benton Dickey Memorial Scholarship Fund
TOTAL ENDOWMENT FUNDS

$ 18,269.94 $ 2,479.78 $ 2,479.78 $ 18,269.94

87,203.93

4,815.27

5,037.15

86,982.05

9,896.10 2,369.20 7,625.00 13,550.00
50.00 4,507.73

1,153.76
223.30 610.90
11.95 205.95

1,153.76
223.30
11.95 213.68

9,896.10 2,369.20 7,625.00 14,160.90
50.00 4,500.00

5,000.00 4,595.37 2,934.33
4,915.58 1,049.38

150.00 90.00
1,065.00 90.37
20.00 10,000.00

150.00 158.88
88.33 90.37
69.38

5,000.00 4,526.49 3,911.00
4,915.58 1,000.00 10,000.00

$2,135,317.95 $389,171.77 $194,982.21 $2 329,507.51

STUDENT LOAN FUNDS John I. Alford Loan Fund - S. T. I. George W. Adair Loan Fund Wm. Ott Alston, Jr. Memorial Loan Fund American Institute of Architects - Georgia Chapter Loan Fund American Society of Mechanical Engineers Roger Martin Memorial Fund J. Baldwin Loan Fund M. R. Berry Loan Fund James G. Boswell Foundation Loan Fund S. F. Boykin Loan Fund T. P. Branch Memorial Loan Fund Brittain-Busbin-Jarrell Emergency Loan Fund J. B. Campbell Loan Fund The DeWitt F. Capehart Loan Fund Class of 1919 Loan Fund Class of 1934 Loan Fund Josiah Dana Cloudman Loan Fund Holland Coleman, Jr. Architectural Memorial Scholarship Loan Fund William B. Coleman Post #51 of the American Legion Loan Fund Mrs. Alice Spencer Coon Loan Fund Creole Foundation Loan Fund A. C. Dobbs Loan Fund Arthur J. Dyer Student Loan Fund Ford Foundation Loan Fund A. French Loan Fund Georgia Federation of Labor Loan Fund Count Dillon Gibson Memorial Loan Fund Mary Brotherton Griffin Loan Fund Mary D. Gude Loan Fund Lyman Hall Loan Fund Harrison-Trabant Loan Fund J. M. High Memorial Loan Scholarship Fund Dr. & Mrs. Thomas P. Hinman Loan Fund

$ 2,114.03 $ 721.86
803.09

$ 10.28 18.71

$ 2,114.03 732.14 821.80

325.73

9.19

334.92

1,470.95 65.09
4,651.76 742.40 142.15 228.98
4,098.40 854.65 249.16 25.58 285.63
16,704.58

29.29 .55
92.03 23.33
3.38 8.31 200.84 19.82 6.23
6.75 135.22

5.89 4.43

1,500.24 65.64
4,743.79 759.84 145.53 232.86
4,299.24 874.47 255.39 25.58 292.38
16,839.80

1,608.49

31.41

1,639.90

542.30 3,449.19 1,813.29
133.64 1,356.69 194,386.44 2,934.73 1,425.29 2,900.04
241.40 197.62 8,779.03
3,557.53 314.41

12.01 240.23
36.47 2.38
31.95 23,136.29
72.50 48.94 66.11
4.64 5.44 165.35 1,200.00 73.67 6.48

35,149.14

554.31 3,689.42 1,849.76
136.02 1,388.64 182,373.59 3,007.23 1,474.2 3 2,966.15
246.04 203.06 8,944.38 1,200.00 3,631.20 320.89

66

V* y -
> f
h
iW H Y* r
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J J

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y4 .yV-m
JB

O

li V

i t |j||

M

1^ j "y. *

GEORGIA INSTITUTE OF TECHNOLOGY STATEMENT OF TRUST FUND BALANCES BY FUND (Continued)

STUDENT LOAN FUNDS (Continued) Irving Subway Grating Co., Inc. Loan Fund Louis Gholston Johnson Loan Fund Kappa Alpha Educational Foundation, Inc. Loan Fund The Clyde L. King, Jr. and John King Memorial Loan Fund John King Memorial Loan Fund Roy Stevenson King Loan Fund Last Sub Class Loan Fund of 1914 Malta Lodge #641 F & AM Loan Fund Lona Mansfield Loan Fund Mrs. T. 0. Marshall Loan Fund E. P. MeBurney Loan Fund J. A. McFarland Loan Fund Thomas E. Mitchell Education Fund of The University of Georgia Joseph N. Moody Loan Fund The Gayle Nimmocks Memorial Scholarship Cy Perkins Memorial Loan Fund Quartermaster Loan Fund Wm. B. Reese Emergency Loan Fund M. Rich Loan Fund The L. W. (Chip) Robert, Jr. Loan Fund Scottish Rite Loan Fund Second Baptist Church Bible Class #1 Sam W. Small Loan Fund T. W. Smith Loan Fund Smyrna Lions Club Loan Fund Stacey-Roberts Loan Fund J. P. Stevens Loan Fund Lynn Strickland Memorial Loan Fund Joseph M. Terrell Loan Fund Thomaston Mills Loan Fund Clark Thornton Memorial Loan Fund E. A. Turner Loan Fund United States Government Loan Program Arthur Williams Emergency Trust Loan Fund Mrs. Fannie B. Wright Loan Fund Carl B. Whyte Loan Fund
TOTAL STUDENT LOAN FUNDS
TOTAL TRUST FUNDS

Fund Balance July 1. 1967

Fund Balance Additions Deductions .Tune 30. 1968

$

598.63 $

13.05 $

775.03

16.61

$

611.68

791.64

129.08

2.28

131.36

9,704.23 30,467.87
3,315.45 182.41
1,760.20 1,417.88 10,607.58 16,950.25
176.54

772.12 2,042.80
64.75 4.37
31.69 40.15 644.44 324.73
4.25

10,476.35 32,510.67
3,380.20 186.78
1,791.89 1,458.03 11,252.02 17,274.98
180.79

7,882.55 2,829.70
215.82 1,706.37
733.57
144.63 1,711.89
851.75 75.01
437.63 124.80 122.76 7,982.24 1,319.25 4,562.41 2,523.53 691.71 62.40 1,229,629.73 1,094.03 1,301.39

5,132.18 49.01 13.41
382.59 7.69
500.00 11.95 4.47 35.12 13.97 .85 9.60 2.08 1.49
101.61 16.06
220.08 67.24 12.58 .52
266,039.47 23.97 39.10
2,169.00

3.96
8.83 8,497.33
2.21

13,014.73 2,878.71 225.27 2,088.96 741.26 500.00 11.95 149.10 1,747.01 865.72 75.86 447.23 126.88 124.25 8,075.02 1,335.31 4,782.49 2,590.77 704.29 62.92
1,487,171.87 1,118.00 1,338.28 2,169.00

$1,599,212.45 $304,513.08 $ 43,671.79 $1,860,053.74