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Caption: Board of Trustees Minutes - 1932
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J931] U N I V E R S I T Y O F ILLINOIS 22,3 Treasurer's Balance The cash balance in all funds held by the University Treasurer at the close of the quarter, allowing for outstanding warrants, was $920,102, Schedule C. O n the corresponding date a year ago, the balance was $1,154,080. Of the present balance $352,057 represents general University funds, $116,081 Federal funds, $280,302 residence hall funds, and $171,662 trust funds. State Funds Balances The total balance of all State Appropriations as at the end of the quarter was $2,619,703. Of this total $1,647,466 was for operations, and $972,237 was for new buildings. Of this sum, $1,642,580 is payable out of the Mill Tax Fund and $977,123 out of the General Revenue Fund. There was no balance in the Mill Tax Fund at the end of the quarter. Budget Expenditures Board appropriations to departments for the currentfiscalyear total $6,412,516, including salaries $4,245,003, expense and equipment $2,167,513. These were 70.4% expended at the end of the quarter, and 1.6% encumbered. (Included in Schedule D ) . On the corresponding date a year ago these appropriations were 69.2% expended and 2.1% encumbered. Expendable Trust Funds Balances at beginning of the year and receipts for the year on account of Expendable Trust and Special Funds arising from gifts and income from endowments totalled $351,751, disbursements were $191,514, encumbrances were $4,025, leaving an unencumbered balance at the end of the quarter of $156,212, per Schedule G. Endowment Funds Endowment funds from private gifts for special purposes (see Schedule F) amounted, on March 31, 1931, to $300,141. Student Loan Funds Student loan funds from private gifts as of March 31, 1931, totalled $191,030, per Schedule H. Loans outstanding as of that date amounted to $182,317, leaving $8,713 available for loaning. Indebtedness on Property Outstanding indebtedness on University property at the end of the quarter consisted solely of 6 % bonds totalling $49,400 on the Dental Building in Chicago, due in 1932 (Schedule H ) . Lloyd M o r e v Comptroller
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