Repository: UIHistories Project: Board of Trustees Minutes - 1870 [PAGE 58]

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theless exceeded the income, though when the amounts due for rent of the Griggs farm shall be collected and the sales of farm produce on hand shall be effected, the deficiency will be more than covered. The Board provided for meeting any deficiency which might occur, by the sale of Champaign County Bonds. As these bonds constitute now a very important part of our permanent fund, I respectfully submit whether our expenditures ought not to be so regulated as to be met without any further sacrifice of these bonds. Our ultimate success will depend upon the sufficiency and certainty of our annual income. I am confident that the work of the University can be carried forward the coming year without at all exceeding the year's revenue, if due care be taken not to enter upon unnecessary expenditures, and not to load our funds with the payments of unnecessary salaries; Let every man be employed whose services are actually needed, but let no expensive supernumeraries be saddled upon us. The inevitable increase of the teaching force of the University which cannot be longer delayed will compel us to avoid, with the most careful attention, the diversion of our funds to mere outside work. The items of the annual expenditure are given by the Bookkeeper's statement as follows:

Expense of Board and Committee Meetings $1,011 28 Building account—for roofing, painting, alterations, repairs, cleaning, etc 2,575 C O Salaries—including Lecturers' fees 18,345 95 Fuel and lights, including coal sold students 1,180 56 University Grounds, labor, drainage, seeds, etc., including expense of propagating house 1,039 26 Mechanical Department—salary of carpenter and pay for labor, material and tools.1,358 9T Military Department—to be refunded from buttons sold 50 00 Agricultural Department—for labor, etc 4,212 50 Purchase of two lots 425 00 Salary of Treasurer 500 00 Salary of Corresponding Secretary 200 00 Geological excursion 200 00 Meteorological Instruments , 81 50 Taxes on W d s in Minnesota and Nebraska 988 48 Stationery and p r i n t i n g . . . . , . , 179 33 Incidental expenses—insurance, postage, express, letters, advertising, etc 1,657 79

The details of the expenditure in the Agricultural Department will be found in the Bookkeeper's statement from Farm books.

STATE APPROPRIATIONS.

The appropriations voted by the State Legislature, amounting to the gross sum of $60,000, were made for the two years, '69 and '70, and it was found that only one-fourth of that designated for the Agricultural and Horticultural Department was available the first year. The expenditures under this appropriation are as follows:

On Farms In Horticultural Department Chemical Laboratory Library and Apparatus Total $1,778 5,359 1,135 6,247 02 69 56 26

$14,520 53