Repository: UIHistories Project: Reference Folder - 1949 [PAGE 9]

EXTRACTED TEXT FROM PAGE:

Page 7 Income, fiscal year ending June 30, 1949 19^8-49 FINANCES State appropriations from tax revenues $22,349,249 67.2$ Federal funds for teaching, research, extension... 3,305,207 9-9$ Student fees 5,140,254 15-5$ Private gifts and endowments.... . 1,097,150 3-3$ Earnings and miscellaneous 1,354,992 4.1$ Total educational and generfl tmwm $33,246,552 100.0$ Auxiliary enterprises.. . .....,.....,,*... 5,264,622 Income for scholarships, etc .*. 697,464 Grand total current Income, 1948-49 $39,208,938 Expenditures, fiscal year ending June 30, 1949 Instruction and general research ..$15,531,483 46.1$ Organized research . 5,380,492 16.0$ State-wide extension activities 3,225,353 9.6$ jjior ar xes .....*•>•.••«.*••••,......»...,..,,.,,,.,, l, 116,741 3 *3$ Operation and Maintenance of plant 5,252,533 15.6$ Administrative offices and expense................. 2,649,256 7«9$ Retirement, disability, and death benefits 500,400 1.5$ Total educational and general expenditures......$33,050,258 loo.o^ Auxiliary enterprises*......,...,.,,..,.,.........'...... 4,972,966 Expenditures for schoiarsnipB, etc.*.. 697,464 •Plant additions from general funds 1,065,948 Grand total current expenditures, 1948-49 $40,392,636 *lncludes $428,565 for books and supplies paid by U.S. Veterans Administration under "G.I. Bill." By campuses, the expenditures In the year ending June 30, 1949, were: Urbana-Champaign, including statewide extension and experiment fields ..,...$27,019,702 68.7$ Chicago professional units . 7,546,524 19.2$ Chicago Undergraduate Division 3,108,881 7*9$ Galesburg Undergraduate Division* 1,651,581 4.2$ (*Discontinued at end of academic year) Students paid in fees during 1948-49 approximately $1 for every $5 worth of instruction they received. Illinois citizens paid in taxes $2.63 cents per person in the 1948-49 year for operation of the University. The principal support of the University STATE APPROPRIATION, 1949-51 comes from state tax revenues. The tax " " " ", "" " " sum for the two-year state appropriation period July 1, 1949 to June 30, 1951, is $52,271,742. Also appropriated to the University are its own receipts from student fees and other sources, but not to exceed $15,000,000 for the two years, such appropriation of income is necessary because under law it must be deposited in the state treasury, and can be returned for use only by legislative action. A special appropriation of $2,064,114 was made for the Division of Crippled Children, and another of $143,000 for the Institution for Tuberculosis Research. For new University building projects during the two years the legislature appropriated $15,740,000. All told, for operations and for building, from tax funds and from its own income, the University was appropriated $85,218,856 for the blennium. Handling these funds is under direction of Lloyd Morey, comptroller.