Caption: Board of Trustees Minutes - 1922
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14 BOARD OF TRUSTEES [AugUSt 1 the day as high as fourteen classes in this building, and we still have some room for outside classes if necessary. The Supervising Architect states, " I have no hesitancy in saying that our class room problem is solved for the coming year.". The Supervising Architect states, however, that we are short on office rooms, especially for the College of Commerce, and that the office situation cannot be made satisfactory for the coming year. The adjustments made will relieve the congestion in the Law Building. This report was received for record. SALE OF P H A R M A C Y LOTS (2) A report that when the Comptroller came to close the matter of the sale of the Pharmacy lots (see page 6), it developed that there were certain unpaid assessments standing against the property of which the University had never received notice, amounting to $121.77. The purchaser offered $1100 on the assumption that all assessments prior to 1921 were paid. The Comptroller had no authority to reduce the purchase price by paying these assessments. Therefore, under instructions from the President of the Board, the matter has been dropped. The Comptroller now requests authority to pay all outstanding assessments on these lots, amounting to $121.77. I recommend that authority be given. to the Comptroller to pay these assessments, and that the necessary appropriation of $121.77 be made from the Reserve and Contingent Fund. On motion of Mr. Trimble, this recommendation was approved and the appropriation was made, by the following vote: Aye, Mrs. Blake, Mrs. Busey, Mrs. Evans, Mr. Hdit, Mr. Noble, Mr. Trimble; no, none; absent, Mr. Abbott, Mr. Blair, Mrs. Grigsby, Mr. Herbert, Mr. Small. FINANCIAL. REPORT, W O M A N ' S R E S I D E N C E HAUL. (3) The Comptroller's financial report for the Woman's Residence Hall for the period from September 1, 1920, to June 15, 1921. Schedule A Summary of Income and Expense House Dining Room Total Income Expense Balance Expended for Equipment $15 826 33 $41958 69 $57 785 02 11 021 96 28 300 74 39 322 70 4 804 37 1 641 40 13 657 95 825 30 12 832 65 3 134 40 9 698 25 18 462 32 2 466 70 15 995 62 9 889 22 6 106 40 Surplus to meet Depreciation and Replacement.... 3 162 97 Requirements for Depreciation and Replacement.... 6 754 82 Net Surplus for period (See schedule C). (3 59185) Schedule B Summary of Income and Expense House Dining Operation Room TflCOW/B Total Room Rent Board $15 690 14 $36 364 00 $15 690 14 36 364 00
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