Repository: UIHistories Project: Board of Trustees Minutes - 1932 [PAGE 465]

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193 I ]

U N I V E R S I T Y O F ILLINOIS

463

QUARTERLY REPORT OF THE COMPTROLLER

(13) The following quarterly report of the Comptroller to the Board of Trustees as at September 30, 1931:

QUARTERLY REPORT OF THE COMPTROLLER TO THE BOARD OF TRUSTEES QUARTER ENDED SEPTEMBER 30, IQ31 SUMMARY

Reserve and Contingent Fund The unappropriated balance of the Reserve and Contingent Fund at the close of the quarter was $219,599, as per Schedule B. The balance at the corresponding date a year ago was $233,110. Of the present amount, $43,638 represents the unappropriated balance of the estimated income of the fiscal year, and $175,961 represents a balance carried forward July 1, 1931. Budget Income Realization of the budget income for the quarter, as per Schedule D, was as follows: Per Cent of Year's Estimate Realized Estimate This Same Date For Year Year Last Year State Appropriations for Operation (Per Cent realized represents portion expended to Sept. 30, 1931) $4940000 24.0 17.3 Federal Funds 478 223 48.9 51.5 Student Fees 1 125 000 39.1 42.0 Agricultural Sales Credited to Revolving Accounts 121 272 18.6 18.5 Credited to Budget Income 114 150 16.5 22.4 Miscellaneous Sales and Receipts 95 000 20.8 15.1 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 $1,209,860, Schedule C. O n the corresponding date a year ago, the balance was $1,071,707. Of the present balance, $596,974 represents general University funds, $162,327 Federal funds, $298,075 residence hall funds, and $152,484 trust funds. Securities totaling $1,079,800 have been deposited by the Treasurer to secure the general University funds, Federal funds, and residence hall funds. State Funds Balances The total balance of all State Appropriations as at the end of the quarter was $5»!65,33i. Of this total $3,755,403 was for operations, $1,397,762 was for new buildings, and $12,166 was for special purposes (see Schedule C). Of this sum, $2,400,000 is payable out of the Mill Tax Fund and $1,355,403 out of the General Revenue Fund. The balance in the Mill Tax Fund at the end of the quarter, allowing for outstanding warrants, was $233,183. Uncollected taxes for 1929 and 1930 account for the unrealized difference. Budget Expenditures Board appropriations to departments for the current fiscal year total $6,645,979, including salaries $4,474,299 and expense and equipment $2,171,680. These were 20.5 percent expended at the end of the quarter, and 2.4 percent encumbered (included in Schedule E). O n the corresponding date a year ago these appropriations were 20.1 percent expended and 2.4 percent encumbered. Expendable Trust Funds Balances at the beginning of the year and receipts for the year on account of Expendable Trust and Special Funds arising from gifts and income from endowments Endowment on September from1931, of the quarterspecial purposes Schedule H . G ) amounted Funds disbursements were $62,035, of $144,756, per $3,040, leaving totaled $209,831, funds at the end to $371,605. encumbrances were(see Schedule an unencumbered balance 30, private gifts for Endowment