Repository: UIHistories Project: Board of Trustees Minutes - 1930 [PAGE 15]

EXTRACTED TEXT FROM PAGE:

12

board o f trustees

[September 2 0

year, the figures included in the report represent the transactions for the year, and the condition of the various funds and appropriations at the end of the year. Respectfully submitted,

Lloyd Morey,

Comptroller

QUARTERLY REPORT OF THE COMPTROLLER TO THE BOARD OF TRUSTEES QUARTER ENDING JUNE 30, 1928 SUMMARY

Reserve and Contingent Fund The unappropriated balance of the Reserve and Contingent Fund (estimated excess of income of the year over appropriations) at the beginning of the quarter was $164,736. Net deductions during the quarter totalled $20,560, as per Schedule A, leaving a balance of $144,176 in the Reserve and Contingent Fund at the close of the quarter before closing the books. After closing the books as of the end of the fiscal year, the balance was $375,549. The corresponding balance a year ago was ?3io,556. Budget Income Realization of the budget income for twelve months ending with the present quarter as per Schedule B, was as follows: Per Cent of Year's Estimate Realized Estimate This Last For Year Year Year State Appropriations for Operation $4 500 000 100. o 100. o Federal Funds 397 947 99-9 99-9 Student Fees 850 000 100.1 105.3 Agricultural Sales Credited to Revolving Accounts 128 840 100.8 97.2 Credited to budget estimate of Agricultural Income 115 300 106.3 93-8 Miscellaneous Sales and Receipts 77 065 153. 5 121. 5 Treasurer's Balance The cash balance in all funds in the hands of the University Treasurer at the close of the quarter, allowing for outstanding warrants, was $817,706, Schedule D. On the corresponding date a year ago, the balance was $734,995. Budget Expenditures Board appropriations to departments for the currentfiscalyear total $5,888,382, including salaries $3,821,164, expense and equipment $2,067,218. These were 9 6 . 3 % expended at the end of the quarter, and 1.4% encumbered. (Included in Schedule C). O n the corresponding date a year ago these appropriations were 93.6% expended and 1.7% encumbered. Balances have been lapsed into Reserve and Contingent Fund or carried forward subject to reappropriation. Building and Improvement Funds Building and Improvement funds for the biennium were 4 8 . 3 % expended at the end of the quarter, and 37.6% encumbered. Endowment Funds Endowment funds from private gifts for special purposes (see Schedule D ) are distributed as follows: Educational Endowments $110 000 Student Loan Endowments 169 704 (Of which $114,933 was outstanding in student notes at the end of the quarter.) Scholarship and Prize Endowments 89 17a Other Endowments Total $460 307 91 431