Lebanon Valley College
BULLETIN
Vol. XXXIV OCTOBER, 1945 No. 7
Report of Finance Committee
For Fiscal Year
Ended June 30, 1945
ANNVILLE, PENNSYLVANIA
Presented to the Board of Trustees at their
Meeting October 27, 1945
A Supplement to this report giving figures for the
school year 1945-1946, to Y.&y 1, 1S46
v;ill be submitted to the Board at its meeting on May 24, 1946
Entered as Second Class natter al^ Annville, Pa., under the Act
of August 24, 1912
To the Members of the Board of Trustees of Lebanon Valley College j
The Finance Committee presents the followirjg report of the business
operations of the College for the fiscal year ended June 30, 1945. In sum-
mary the report shows j
Total Income to be |180, 700.24
Total Expenses to be 185,597.24
Net Loss to be $4,897.00
ANALYSIS OF SURPLUS -DEFICIT ACCOUNT
Deficit, July 1, 1944 $4,446.78
Additions:
Appropriation from East Pennsylvania Conference 5,000.00
Appropriation from Pennsylvania Conference 5,000.00
Appropriation from. 1943 Building Fund 15,000.00
Deductions :
Net Operating Loss for period July 1, 1944 to
June 30, 1945 4,897.00
Note Cancelled 145.00
Additions and Betterments invested in plant during
period July 1, 1944 to June 30, 1945 3,943.71
Current Fund Surplus June 30, 1945 111, 567. 51
The activities of the Finance Committee were reported upon in detail at
the Kay 11, 1945 meeting of the Board, when the minutes of the meetings held
were read.
An appraisal made on April 20, 1945 by Lionel D. Edie & Company, Inc.,
indicates appreciation in the market value of securities since April 24,
1944 of 186,824.00. Analysis follows:
Appraisal at April 24, 1944 $625,651.00
Additions - Student Loan, etc. |14,925.00
Appreciation:
Backlog Bonds §4,585.00 5.2?S
Backlog Preferred Stocks 10,760.00 12.4^
Equities 71,479.00 82.4?^ 86,824.00 101,749.00
Appraised Value at April 20, 1945 727,400.00
Appraised Value of 1943 Building and
Endowment Fimd securities at April 20, 1945 184,866.00
Total Funds under Lionel D. Edie I- Co. supervision $912,266.00
Assets not taken into account by Lionel D. Edie & Company
Carried on the books at
Lemoyne Trust Company - Trust Agreement $8,500.00
70 shares The A. S. Kreider Shoe Co.)
50 shares A. S. Kreider Company ) 12,000.00
100 European Electric Rights 100.00
Mortgage 4,520.00
Notes from Churches and Individuals 5,939.00
4
Carlisle Trust Co. - l/4 interest in Trust Fund
Farm at Bast Berlin |;9,776.25 $40,855.25
Total 1953,101.25
Carried on the books at .... #911,660.26
The income, on an annual basis, has been maintained despite the elim-
ination of a substantial amount of second grade high yielding securities.
The quality status of the fiands is nowj Producing Income
Percent in Percent of Total
Sound "backlog" quality 51.3 49.3
Equity risk type 48.7 50.7
The quality objective continues to be 70^ of the total fund with 30fJ in the
risk type. Efforts will be continued in the direction of improvement of
cuality.
During the year tv/enty-tv-'o items were sold for an aggregate of
■>124,578.00. The nujriber of purchases was twenty-three, amounting to '^305,351,
the appraised value of which at April 20, 1945 was ^317,351,00.
It is of interest to not© that tlie securities on the original list ap-
praised by Lionel D. Edie t Company on April 24, 1942, now held, had a value
of 1143,545.00 compared v;itb ■:;254, 144.00 on April 20, 1945.
The Endowment Funds continue to be under the supervision of Lionel D.
Edie I Company, Incorporated.
The rate of interest for the past year was 3. 965^0.
LLOYD A. SATTA2AH1I, Chainnan
COMPARATIVE BALAITCE SHEET
Exhibit A JUKE 30, 1945 AKD 1944
__ ■ — — -
ASSETS
June 30, June 30,
1945 1944
Increase Decrease
I Current Funds t
A Gene rial:
Cash
$5,525.21 §18,581.23
f 13, 05 6. 02
Investments , Notes Rec 'vab]
Le 1,895.00 2,288.00
393.00
Accounts Rec'vable, Students 15,054.04 18,696.01
3,641.97
Advances Receivable
1,277.88
1,277.88
Dining Hall Supplies
2,450.00 2,188.62
S261.38
Laboratory Supplies
1,840.00 1,810.00
30.00
Power Plant Supplies
1,244.00 600.00
644.00
Summer School Expenses —
Prepaid
716.68 823.31
106.63
Prepaid Insurance
3,658.12 2,954.07
704.05
Deficit
4,446.78
4,446.78
32,383.05 53,665.90
21,282.85
B Restricted!
Cash
2,169.03 3,460.46
1,291.43
$34,552.08 $57,126.36
^22,574.28
II Loan Funds j
Cash
484.51 :^7,955.00
^7,870.49
Bonds
10,028.87
10,028.87
Notes Receivable
4,438.98 5,452.06
1,013.08
$14,552.36 $13,407.06
^1,145.30
III Endowment and Other Kon-Expendable Funds j
Cash
^562.48 ^143.41
f419.07
Bonds
238,094.89 255,733.90
^17,639.01
Bonds — Special
29,000.00 23,000.00
6,000.00
Stocks
434,316.49 430,681.95
3,634.54
Mortgages
4,460.00 6,680.00
2,220.00
Kotes Receivable
5,939.00 6,042.00
103 .00
Real Estate — Farm
9,776.25 9,776.25
$722,149.11 732,057.51
$9,908.40
IV Plant Funds j
Lands
#40,881.64 139,800.00
51,081.64
Underground Heating and
Pluribir.g System
17,851.69 17,851.69
Buildings
515,526.82 515,526.82
Equipment
158,543.18 155,681.11
2,862.07
§732, 60S .^S 72fe',W9'.62'
■ "^^-.VArm '
V Agency Funds •
Cash
$1,720.51 4a, 360. 02
.;i360.49
Bonds — Montgomery Memorial
300.00 300.00
Campaign Promotion Fund
1,175.32
•t;!, 175. 32
.^2,020.51 ;/2,835.34
4814.83
VI EndoTTOient and Building Funds
Assets, per Schedule
1284,215.19 74,633.04
209,582.15
Total Assets §1
.,790,292.58 ?,1,608,918.
S3 ::181,373.65
Exhibit A
COFPARATr/E BALANCE SHEET
JUIJE 30, 1945 MD 1944
LIABILITIES MD FUNDS
I Current Funds >
A General J
Notes Payable
Retirement Payable
Students' Deposits
Students' Acoounts Paid in
Advance
Reserve for Doubtful Acc'ts
Summer School Income
Surplus
B Restricted:
Funds
General
II Loan Funds >
Funds
III Endowment and Other Non-Ezpendable Funds »
End ovment Fund s ;
General
Restricted
June 30,
June 30,
1945
1944
Increase D<
#34,
jcrease
$34,000.00
,000.00
i^l04.20
|;104.20
678.32
820.55
142.23
11,512.76
10,320.57
1,192.19
8,425.61
8,503.68
78.07
94.65
21.10
73.55
11,567.51
11,567.51
32,383.05
53,665.90
21,282.85
2,169.03
1,500.32
1,960.14
668.71
1,960.14
2,169.03
3,460.46
1,291.43
$34,552.08
357,126.36
.^22,574.28
$14,552.36
413,407.06
,?1,
,145.30
Annuity Funds
IV Plant Funds ;
Net Investment in Plant
V Agency F\mds »
Form Surplus
Montgomery Memorial Room
1480,221.87 1492,153.75
239,027.24 257,003.76
'719,249.11 729,157.51
2,900.00 2,900.00
1722,149.11 5,732,057.51
12,023.48
111,931.88
9,908.4^
^, 908. 40
4732,803.33 .;^728,859.62 $3,943.71
$802.73
1890.90
1.17
Fund
Miscellaneous Funds
Campaign Promotion Fund
Advances Payable, Campaign
Promotion Fund
382.25
831.81
3.72
374.75
291.81
1,277.88
#7.50
540.00
3.72
1,277.88
$2,020.51
$2,835.34
1814.83
VI Building and Endowment Funds i
^56,000.00
228,215.19
$74,633.04
156,000.00
153,582.15
Notes Payable
Funds
■1284,215.19
.^74,633.04
209,582.15
Total Liabilities
a,nd Funds *1,
,790,292.58 fl,
,608,918.93
§181,373.65
COFDSMSED C01\!PARATIVE STATEIIEKT OF CURREI>[T UfCOlffi AIH) EXPEl^ISES
(Excluding Receipts and Disbursements of Restricted Funds
Exhibit B-1 for Non-Educational Purposes)
mcojffi
1 Educational and General;
Year
Ended
6/30/45
Year
Ended
6/30/44
"Increase
Decrease
(l) Student Income:
School of Liberal Arts and
Soienoea
Auxiliary Educational
Schools
^9,020.86
54,075.03
140,473.74
57,230.93
$1.
3,
,452.88
,155.90
93,095.89
97,704.67
4,
,608.78
(2) Endowment Income
(3) Gifts and Grants
(4) Other Sources
31,762.03
20,308.85
2,710.66
26,538.40
10,042.76
3,628.42
5,223.63
10,266.09
917.76
Total Educational and
General Income
$147,877.43
137,914.25
19,963.18
II Auxiliary Enterprises and Activities!
(1) Dormitories 114,445.61
(2) Dining Hall 25,460.14
(3) Placement Bureau Income 16.00
(4) Health Service 1,027.50
$14,212.39
24,550.07
20.00
1,068.00
§233.22
910.07
4.00
40.50
Total Income, Auxiliary
Enterprises and
Activities
$40,949.25
$39,850.46
11,098.79
III Income for Non-Educational
Purposes
$1,557.99
$1,143.80
1414.19
Total Income $190,384.67 178,908.51 11,476.16
Collections on Doubtful
Accounts Receivable 315.57 315.57
190,700.24 178,908.51 11,791.73
Total Expenses,
Forwarded 185,597.24 189,755.32 4,158.08
Net Profit (+) or Loss (-)
before deducting additions
to Plant from Current Funds 5,103.00(«OlO,846.8l(-) 15,949.81
Additions to Plant from
Current Funds 3,945.71 2,665.44 1,280.27
Net Profit (+) or Loss (-)
after deducting additions to
Plant from Current Funds $l,159.29(->-X3.510.25(-) 14,669.54
CONDEIISED COI.TARATr/E STATSL^lIT OF CURREl^IT DICOIS AIJD KXFEirSSS
(Excluding Receipts and Disbursements of Restrioted Funds
Exhibit B-1 for N on -Educational Purposes)
EXPENSES
I Educational and General;
(1) General Administration and
^^xpenses
Year
Ended
6/30/45
;f33,237.05
Year
Ended
6/30/44
:;;;31,760.26
Increase
41,476.79
Decrease
(2) Instruction and Research:
School of Liberal Arts
and Sciences
Auxiliary Educational
Schools
46,496.45
44,596.24
52,132.42
44,596.93
$5,635.97
.69
91,092.69
96,729.35
5,636.66
(3) Library
(4) Operation and Maintenance
of Physical Plant
4,957.61
11,614.60
6,102.88
12,113.09
1,145.27
498.49
Total Educational and
General Expenses
■jl 40, 901. 95
146,705.58
$5,803.63
II Auxiliary Enterprises and Activities:
V
(1) Doraitories
(2) Dininp: Hall
(3) Placenent Bureau
(4) Health Service
■510,329.61
31,354.73
3.27
1,661.29
|;10,969.99
28,235.73
33.54
1,548.36
03,119,
112.
.00
.93
$640.38
30.27
Total Expenses, Auxil-
iary Enterprises
and Activities
043,348.90
:J40,787.62
$2,561.
.28
III Other :v on-Educational
Expenses
';l,096.39
'1)2, 012. 12
$915.73
Total Expenses before
Reservo provisions ^-185,347.24 189,505.32 $4,158.08
Reserve Provisions:
Provision for Doubtful
Accoionts Receivable 250.00 250.00
Total Expenses,
Forwarded $185,597.24 139,755.52 $4,158.08
STATEMENT 0? CURRENT FUflDS
Exhibit B YEAR ENDED JW.E 30, 1945
Balance at beginning of year Nona
Add}
(1) Current educational and general
income, per Schedule 3-1, Sec. I |;145,817.29
(2) Income auxiliary enterprises and
activities, per Schedule 3-1, Sec. II 40,949.25
(3) Income for nonreduoational purposes, per
Schedule B-1, Sec. Ill 7,334.53 ,^194, 100.87
(4) Adjustments, per Schedule B-4 2,226.03
§196,326.90
Deduct:
(1) Current educational and general
expenses, per Schedule B-2, Sec. I 141,151.95
(2) Expenditures of auxiliary enterprises
and activities, per Schedule B-2,
Sec. II 43,348.90
(3) Other non-educational expenses, per
Schedule B-2, Sec. Ill 5,788.45
(4) General funds transferred to plant funds,
per Exhibit E, Sec. I 3,945.71
194,233.01
(5) Adjustments, per Schedule B-4 934.60 195,167.61
Gain for year ended June 30, 1945 ';d,159.29
Deficit July 1, 1944 .^4, 446. 78
Add I
Loss arising from cancellation of notes
authorized by Finance Committee 145.00
Deduct:
Reimbursement received from Building and
Endowment Fund as partial compensation
for capital expenditures made from Current
Funds, per action of Board of Trustees 15,000.00
Operating Gain for the year ended June 30,
1945 ' 1,159.29 16,159.29
Surplus June 30, 1945, to Exhibit A, Section I 111,567.51
10
Schedule B-1
stateijtent op current income
year ended june 30, 1945
I Educational and General j
(1) Student InooTnet
A School of Liberal Arts and Soiencesi
Tuition
$37,202.15
Les3 Scholarships
3,942.99
$33,259.16
Matriculation Fees
1,308.00
Biology Laboratory Fees
1,176.00
Chemistry Laboratory Fees
1,431.55
Physical Science Pees — Kusio
26.00
Physics Laboratory Fees
245.00
Visual Education and Measure-
ments Fees
197.65
Practice Teaching Fees
552.50
Graduation Fees
825.00
139,020.86
B Auxiliary Educational Schools j
Music School
32,145.52
Less Scholarships
1,437.50
30,708.02
Summer School
16,031.26
Less Scholarships
366.75
15,664.51
Extension School
3,888.00
Saturday and Evening School
3,814.50
54,075.03
Endowment Income (Schedule 3-3 )j
Unrestricted
Restricted
(3) Gifts and Grants t
Benevolence, Conference
Others
(4) Other Sources ;
Group Life Insurance
Interest on Current Funds
Library Income
Montgomery Memorial Room in
Library
Rent for Chapel
Rent for Annex
Total Educational and General
Income to Exhibit B
26,963.49
2,738.40 29,701.89
9,808.85
10,500.00 20,308.85
549.40
63.42
1,824.84
138.00
15.00
120.00 2,710.66
^145,817.29
II Atixiliary Enterprises and Activities;
(1) Dormitories j
Rentals
Cleaning Fees
Breakage Fees
(2) Dining Hallt
Students • Board
Sale of meals to others
Sale of food and operating supplies
11
$14,072.52
127.31
245.78 114,445.61
24,718.50
687.47
54.17 25,460.14
STATEMENT OF CURRENT INCO^!E
Schedule B-1 YEAR ENDED JUNE 30, 1945
II AuTJliary Enterprises and Aotivitieat
(3) Placement Bureau Income II6.OO
(4) Health Service 1,027.50
Total Income, Auxiliary Enterprises
and Activities, to Exhibit B $40,949.25
III Income for Non-Educational Purposes 1
■Day Student Rental |610.00
Miscellaneous Income 679.73
Registrar's Office 52.00
Unexpended Student Activities Fees 216.26
Scholarship Funds (Schedule B-3) 4,365.78
Student Loan Funds (Schedule B-3) 400.59
Prize Funds (Schedule B-3) 49.40
Annuity Funds (Schedule B-3) 145.00
Collections on Provisions for Doubtful
Accounts Receivable from Students 315.57
Total Income for Non-Educational
Purposes, to Exhibit B $7,334.33
Total Income to Exhibit B $194,100.37
12
STATEMENT OF CURRElfT EXPENSES
Schedule B-2 YEAR El.DED JTJITE 30, 1945
I Educational atid General j
(1) General Administration and Expenses
1
A General Administrative Offices j
t'iscellaneous
1282.36
Office Supplies
198.56
Postage
615.10
Salaries
14,990.39
Stationery and Printing
1,964.17
Telephone and Telegraph
306.49
$18,357.07
B General Expenses:
Advertising;, Bulletins and
Catalogues
656.00
Advertising, General
406.08
Alumni Expenses
51.64
Alumni Secretary, Salary and
Expenses 618.00
Auditing and Accounting Services
and Expenses 442,75
College Car 154.25
Commencement Expenses 245.09
Compensation Insurance 137.30
Collection Expense 315.57
Group Life Insurance 2,401.78
Investment Coxonsellor Service 1,500.00
Lecture Expense 50.75
I'embership Fees to Associations 253.00
Fiscellaneous 796.26
Press Service 962.47
Public Liability Insurance 43.08
Retirement Allowances 240.00
Retirem.ent 2,037.75
Robbery Insurance 117.50
Student Solicitation Expenses 2,547.83
Travel and Entertairjnent t
Fpculty 50.79
Officers 852.09
Provision for Doubtful Accounts
Receivable 250.00 15,129.98 $33,487.05
(2) Instruction and Researohs
A School of Liberal Arts and Sciences*
Salaries, Faculty 44 311.99
Salaries, Student Assistants 575.32
Salary and Expenses, Practice
Teaching 59.00
Departmental Expenses j
Biology Laboratory 397.71
Chemistry Laboratory 923.67
Physics Laboratory 61.15
■Visual Education and Measure-
ments Laboratory 127,61
13
Schedule B-2
STATEMENT OF CURREIIT EXPENSES
YEAR ENDED JUNE 30, 1945
I Educational and General: (Continued)
(2) Instruction and Reaearohi
A School of Liberal Arts and Sciences:
Departmental Expenses:
Business Administration
$30.00
French and Spanish
10.00
11,550
.14
B Auxiliary Schools:
Extension School:
Faculty Salaries
2,100.00
Traveling and Miscellaneous
Expenses
860.74
2,960,
.74
Music School:
Faculty Salaries
24,599.31
Insurance
52.51
Miscellaneous
47.07
Music
87.16
Practice Teaching Salaries
and Expenses
883.50
Stationery and Printing
8.65
Tuning, Repairs, etc.
1,044.16
26,722,
.36
Saturday School:
Faculty Salaries
3,433,
.05
Summer School:
Care and Kaintenance of
Dormitories 80.65
Faculty Salaries 7,841.92
Miscellaneous Expenses 1,212.66
Boarding Expenses 2,344.86
(3) Library:
Books and Magazines
Miscellaneous
Salaries
Supplies and Binding Expenses
(4) Operation and Maintenance of Physical Plant:
Care and Maintenance of Grounds
Care of Buildings and Furniture
Heat
Light and Power
Miscellaneous
Operating Supplies
Insurance
Repairs to Buildings and Equipment
Taxes
Water
Total Educational and General
Expenses, to Exhibit B
11,480.09 44,596.24
933.00
10.13
3,729.12
285.46
591.50
2,281.83
3,559.78
889.25
32.30
217.19
721.11
2,991.37
140.25
190.02
4,957,61
11,614.60
$141,151.95
14
Schedule B-2
STATEMENT OP CURRENT EXPKUSES
YEAR ENDED JUNE 30, 1945
II Axixiliary Enterprises and Activities;
(Ij Dormitorie'sl
Care of Buildings and Furniture
Heat
Light and Pofwer
Miscellaneous
Operating Supplies
Property Insurance
Repairs to Buildings and Equipment
Telephone
Water
(2) Dining Halli
Food
Gas
Laundry
Light and Pow/sr
Miscellaneous
Operating Supplies
Rental
Renewals and Repairs
Salaries and Wages
Telephone
Water
(3) Placement Bureau;
Expenses
(4) Health Service;
Expenses
12,692.62
3,559.79
891.03
55.30
209.21
387.91
2,103.92
90.35
339.48
18,541.70
194.50
147.38
481.02
117.00
53.65
4,000.00
431.14
7,257.49
64.68
66.17
Total Expenses, Auxiliary Enterprises
and Activities, to Exhibit B
III Other II on -Educational Expenses;
Interest on Loans ^1,096.39
Scholarships (Schedule B-3) 4,084.47
Student Loan Funds (Schedule B-3) 400.59
Prises (Schedule B-3) 62.00
Annuities (Schedule B-3) 145.00
•Total Non-Educational Expenses, to
Exhibit B
Total Expenses to Exhibit B
110,329.61
31,354.73
3.27
1,661.29
$43,348.90
15,788.45
1190,289.30
15
„* •<
ID
© o
O
e to ^ •
a
O 'f x>
m
O ® CJ3 -H
rH
M 3 W
OS
PQ
•-3 W
T
•d •
to
o
O
o
O
o o
o"
o
o
O
O
o
•H
«> T3
CO
o
O
CM
o
CM O
«*
o
o
o
o
•*
73
03 Tf ®
•
•
•
•
•
• •
•
•
•
•
fl
(C 3 ^'-^
to
00
CO
Oi
U5
t^ CO
05
to
to
00
00
CO
©
t, t-l O CM
N
CM
CM
o
t~
Ifi
'*'
LO
lO
CO
P^
3 O to 1
OS
CO
CO
•*'
c-
oo
K
+> fl P5
*
■«
•»
W
■H C
00
rH
CM
CM
w
g
— - -H
CM
lo
o
O
~o
~
O O
o
o
o
~o
O
O
f-H
«3
o
o
OJ
o
Cv3 O
'J'
o
o
o
o
■=*<
o
05
•
•
•
•
•
•
■P
to
CO
CO
a>
in
C^ CO
CT3
to
to
CO
CO
00
o
O
Eh
CM
CM
CM
o
CO
CD
lO
m
to
oo
s
00
1-1
CM*
CM
l-H
CM
<!■>
>H X) •
"oT
o
O
"o"
"o"
o o
o
o
o"
"o"
o^
o
2
(B <D T)
•<i<
o
o
CM
o
CM O
M<
o
c
o
o
■*
6
<P 73 <D '■^
•
•
•
•
o
>5 3 ^ rH
to
00
CO
05
in
t- 00
Oi
to
to
CO
00
CO
o
rH CJ 1
«3
CM
CVJ
O
C~-
U5
»*
in
in
to
c
fn o OT ca
O)
CO
lO
<*
CO
C-
M
o c
<iH -H C
.H
CO
CM
r-l
CM
CM
» « •>
~
"o"
o"
O
O B rH
f-H
o
o
O
CO ■<}<
•
08 O >5'*
o
o
o
O
rH C i-H CD
U3
o
o
o
05 tH 3 ,-H
O)
i-<
rH
rH
PQ -3
rH
■€>
i-H «
~
o
5^
"o"
"o"
-^ o
>*
o
O
o
o
•*
05 O
00
o
o
O
o
o c
o
o
o
o
o
o
PjtO
•
•
•
T)
•H in
l-t
o
o
o
o
o o
o
ID
LO
o
o
in
c
o <p ^
CM
o
o
to
o
CO O
CO
CM
CM
o
o
CO
^
C C Ol
CM
r-
t>
CM
o
"ch CM
cc
to
to
CM
CM
o
fc
•H 3 rH
O
lO
rH
CO
to
CJ>
_^
*
i-t
rH
U
O
r-t
13
CO
1
cc
c
CO
B
•d
c
••
3 A4
©
©
B
o
OJ
fe ©
Cm
X
3
o
•H
©
©
O
+5
fc-
o
•P
03
rH U
^.
^
CO
a?
o;
O
05 C5
a.
T)
-P
rH
o
a
•H
CI
S
Oj
rH
3
u
t, T3
>)
05
Cm
©
rH
«
XJ
3
O C
rH
O
c
•H
&3 03
pLi
B 05
>-•
©
U
1
iVh
o
u
o
©
Jh to
rH
S ©
x>
05
•H
73
E
o o
£
rH
w
3
C!
rt
CO
©
<^ a,
6D ^
u.
x:
w
CO
^
u
©
C! -H
^
C
CJ>
05
T3 3
c
•H ~ CO
©
5
^H
rH
ta
© H,
OJ
©
rH 03
tc
c
©
O
->--
-p
(D
C5
g -a -^
a
05
rH
• •
©
C3 >-i
CO
O C 10
•H
c
B
•r)
<M
CO
E
•H a
O
"3
CJ 3 -H
-P
•H
x;
-H
o
t3
c
u u
a
fl
•• fc i-H
•P
4J
©
>£
.H
-p ©
^
05
CO • tiJ
•H
S
©
1-^
T3
3
©
03 C
3
x) Pu a, c
-P
CQ
u
03
;;--
4J
© ©
PU
r-{
5 -H ca
fl
3
03
• -c
3
CO
« CD
a
r^ S "^
©
©
<M
-P
c
fc £
ti.
©
r-H
c
fc JU ra Cm
^
r.
o
«
O
•
r-i 13
<s
o
o t, o
OS
■H
• ^
r^
03 • Ct,
>.
C
T-'
Ci5 C
c
•H
hc-a o
-P
X
ft
©
o '-a
c
C5
TJ -P 01
o
■P
ii m U
CO
G,
•H
•P
•H >
*
iH
g
S o
••
•H
05
•H • n -H
©
©
^
•H
c
-P • i^
>-.
O
0"^
3 Eh
-o
-P
O
-P > © 05
Eh
CO
03
^
^
OS > (S
/:
p
^
fc
(0
OJ
••
3
C © ^H ,C
O
o
© u
•M
t.'
•H
-p
O
13
T3
•H K O CJ)
'S
-3
« ^
^Jl
H
W
o
3
©
H
^< ^H
•iH
(C
•iH
'O
4J
fr. Ph
kJ
S-,
!a
l-J
lU
^
•P
hH
O
• •
•
«
m
(h
1-
fo
rH CM
to
^
o
o
-P
u
f--,
CO
<;
C
©
(3
K
l-H
t-t
h-\
16
§ gS -^
S 88 •
8 8
CO •<*' •
as o (B •* ^
rH O O
in ■^
i-l C iZi 05 .H
CJ> O 00
CO to
ca M 3 rH x;
t CM rH
rH CM
PD "^ «
w
1 T) •
O O O
o
o o
CD
CJ>
o o o
8
O O O O O O O
•H © t3
O O O
o
o o
CO
O
o o o
o m o o o o o
73 03 t3 <D ' ^
•
• • • • • • •
C O 3 J2 N
O O O
o
o o
o
o o o
o
^ rH -nH O O O O
O Ih rH O 1
^ ^ ^
N
CM CO
o
CNj '^ CO
to
rH CM CXJ CvJ 't' •*
Dj 3 o w m
Ti>
rH
rH
CVJ rH rH
« -p fi
W -H fi
'-H
o o o
O
o o
CO
CJ5
o o o
o
oooooooo
o o
l-l
o o o
o
o o
CO
o
o o o
o
oooooooo
to Q
ta
OS
• • •
•
• •
•
•
•
• *
+>
o o o
o
o o
o
o o o
o
■>iJ<tO^OOOOO
in •*
s
o
^ ^ ^
C\J
N 00
o
CM "* 00
CO
O CM C^ O O ■* »*<
CO CD
o
o
6-1
"->
rH
l-t
t- rH CM to
rH CM
t. -a •
o o o
O
O O
00
o o o
o
oooooooo
88
^
© C5 O t3
o o o
o
o o
CD
o o o
o
oinoooooo
6 © X) ©
• • •
•
• •
•
• • •
•
• •
M
O >^ 3 £ rH
o o o
o
o o
o
o o o
o
I'rH'^OOOOO
O CM
O r-l O 1
•*•*'«<
CVJ
C>J •*
o
C\J "l* 00
CO
rH CM CM O ^ ^ 'J*
CM to
fi V. o CO pn
H C fi
*>
r-t
rH
rH rH CM CM
rH rH
(m -H c
^-^ -H
© © •>
o
o>
O o
o o
O e rH -tj^
o
o
lO o
CO O
fi O >*
• •
• •
c3 o >ia>
o
•-* o
in CM
rH fi .-( ,-H
^
en (o
•>*< to
C3 M 3
<»
in
rH
03 ►-a
<-) •>
o o o
~
o o
o"
"o"
o o o
o
oooooooo
O O
fi! O
o o o
o
o o
o
o
o o o
o
oooooooo
s °
T3 Ph to U5
• • •
•
• •
•
•
• • •
•
fl H-l ■*
o o o
o
o o
c-
o
o o o
o
oooooooo
d o
3 O 0) CJ3
o o o
o
o o
rH
o
o o o
o
oooooooo
o o
CtH C g .-1
o o o
o
in o
lO
o
ifi o o
in
rHOCCDOOOOO
o to
U "^
rH t-H .H
CO
rH
C\J
CVJ
Cv} C\J
rH
CM to in CO rH rH
to to
a,
^^
t-l
Tl
fi ti
•O 3 fi -o
rH
•H
t-i
§
73
^
m
§^l§
TS
o -c
O
6
ft,
Ph
§ ^c .^
O fi 3
CO 3 (i.
©
ft
fc
fe * a u
fc
fei
^
•
^ rH fl! ft
^^ ^
x:
•d
PL,
ft O O rH -H
ft
>s ft
fi
m
■d
t3 U
•H CO x; o x:
•H
4^ ft-H
•H
•o
U
§
^§g
fl
£ -O O X 03
JS
© .H ^
©
fi
OS
•H
03 fl • CO O t,
u 3 ■«; CO OS
TJ to
•H X M
^
3
i~i
(ii
1 fe -5
e
fl u
3 OS
o to t.
Sh
li,
o
cs
«J (I. • • r-l -^
O t. 0!
©
^
fc ftrH
T-J
r-t ^; la © o S
fe rH
00 03 iH
-P
ft T3 O
ft
•H c3
c
■d
o ft • rH x: 3
O
r-H O
s
•H
fi CO
•H
ftX -H
©
X-C-r)^ •tOOfo
ft x:
••
• O £
J3
3
x;
•H to S-4
PD
vex: o fl CO
CO 3 03 ^ S ft
■H O
ra
ta ^ o
03
fc u
03
X !^ O
fc
s: CO
®
• O CO
•»
u
©
l4
03 01 g
•a
lin Sh O • © -H
03
m
O CO
^
OJ
ft -d
ft
0!
Vi rH ©
fl
ft
m OS fl ^ • "« J3
Sh ©
o
fl
O
rH
•H fi
-H
rH
a o %
OS
•H
•H ftrH Ci C PQ -H 03
OS V,
a,
©fig
^
O
^ ©
-C
O
rH ,C
Xi
t. -H O Sh O ^ t,
rH 2H
>-,
O ^ 0
3
^
m ra
to
^
O O Sh
>>
03
OS X X; PQ O 03 OS
O ^
3
fi fc »fi
J2
o
u
U
o
^ CO ©
+>
s.
O 03 O © TJ >-<
X!
Pi
~ © ^ u
O
CO
as &
a
CO
o fl
Sh
01
^ CO 0! OS C fl o
t> "O
03 fn O 03
1-1 ©
rH
CO fl -P
©
rH
• 0! -H .H tiO 05 X
CO fl
i-l
TS © 03 m
^
r-i
o u
O
Sh
O L,
^
o
•^ rH <;h fl fl «>! O
OS
s]
fi <M pq
■P
o
^ T3
^
©
V. -P 3
tdx:
O 4-1 0! OS Sh CO
X
fl
r S ^ ®
<^
o
CO •§
O
M
© hD PD
3
o
03 XI 3 > > tl ©
O T3
o
(ii O fi rH
•H
£
CO
fi
<-" fi
OS
CO
© CJO'~''~ifl t>003
•H t.
•H
O OS ^
fe
t>
•H
W -H n
o
e CO >; >j OS fl O
03 • CQ B3 hH O
Sh OS
-P
ft © ©
00
s •
rH
+>
•H l*H Sh
rH
bC 03
CB
•H >5'-5 ^
©
3 m
OS
+5
pa IV^ ©
•
OS
»^ fl W fl C • > |x<
fi <«3
O
^ fi
»-.
>1
0! U
C3
^
• pn |S
W
•H
O C C (Sh OS
•H O
3
ra © >, fi
o
03
ec S
•H
pn
t.
^ 10 g © © b •
O C3
Tj
!^ ^ j:: 01
B
13
hi.
<!
*
o
O X 03 Pk Ph rH fO
~ W
a! U-P -H
•H
fi
• "fc
O
0!
• ©
OS
g
HJ O -H © •
• •
-a 1
rH © O nH
4>
3
J^^
rH
N
>-. Eh o
•H
©
as •HrHHJ4J 30'C)
U O
© a
O i-H ^< i-H
rH
CO
•
O
•H
Sh -H
01
g
fl Sh rH n n g O
-P o
£ rH O mH
OS
• ti
.H
rH
03 • rH
a
©©•HflSoSO! 'Sh
• •
•H
o •< a >-^
CO
CO
H Q
PQ
CJ
^ >-> <
M
coo^CiatacoSjp^
«3 e
^H tn
■P o
•
©
rH
« PQ
1
M
i
M
17
O r-l
Bo
O
Eg
88
s
o 6 to lo •
• •
•
CO -^ ^
o to
c~
Cd O (D 05 -H
r-H lO
C>J
^ d g ^ j::
f-l
(B M 3 «
-r'-
m "-a [a
1 TJ •
o o o
"o"
0
0
0
00 0
0
0
0
0
0 0
0
0
0 0
•H (P X!
O O CO
0
0
0
0
00 0
0
CO
0
0
0 0
0
0
0 cc
T3 w "O ® '"^
• • •
•
•
•
•
• • •
•
•
•
•
• •
•
•
• •
rt CO 3 j:: 03
o o ■*
^
0
0
0
«D 0 0
^
0
0
0
0 0
0
0
0 Ci
» ti i-H O 1
■^ CM CO
•^
CM
^
<#
rH 0 "i*
■>#
■<1<
0
CO •<T'
•<t
'^
CO r-l
Qj 3 o CO m
'^
CM
CO
CM
K -P C
H -H C
^-- -H
1-1
o o o o
"o"
"0
"o"
'0"
00 0
"o"
0
"o'
"0"
'o'a
"o""
"o"
0 0
■8
O O O CO
irj
0
0
0
00 Q
0
00
0
0
0 0
0
0
0 CO
w
O O O t>
rH
CD
CD
0
CO 0 0
^
0
0
0
0 0
0
0
CD o\
EH
•«?< CM rH to
c^
CM
^
"^l
rH 0 "*
■^
■*
0
00 ■*
■*
"*
CO rH
s
=&^ r-l rH
CM
CD
CM
o
o
ti x) •
o o o o
"o"
'0
o"
0"
0 0 0"
0"
"0
"cT
"o"
o"o'
0
0
0 0
® OS ® T?
O O O CD
0
0
0
0
00 0
c
ca
0
0
0 0
0
0
0 CO
K
S ® "C (D '"^
• • • •
•
•
•
•
• • •
•
•
•
•
• •
•
•
• •
O >-( 3 X r-<
o o o -#
^
0
0
0
CO 0 0
•*
0
0
0
0 0
0
0
0 03
M
O i-H O 1
rt t. o CO m
M O C
Cm -H C
H
•^ CJ 00 CO
'I'
CM
■<1<
^
rH 0 '^
CM
"^
^
0
CD
CO •*
CM
>*
■^
CO
® © •
o o
0
0
O 0 i-l
o o
in
00
fl o ^
•
•
al tJ f^^'*
o to
c^
03
i-H C '-' 0^
to lO
CM
C3 M 3 ,-1
^_rz
m -3
i-i •
C> C> Q Q
0
0
0
0
00 0
0
0
0
0
0 0
0
0
0 0
S3 O
T) B< to tn
o o o o
0
0
0
0
00 0
0
0
0
0
CD CD
0
0
0 0.
• • • •
•
•
•
•
• • •
•
•
■
•
•
g -H -*
o o o o
0
0
0
0
00 0
0
0
0
0
0 CD
0
CD
0 in
3 O O O)
O O O CM
0
0
0
0
00 0
0
CM
0
0
0 0
0
0
0 •*
&^ fi S "^
O LO O rH
I-i
in
0
0
•* 0 c
r-l
0
0
0
0 0
0
0
0 CM
•H 3
« « i«
•t
•*
«
•t •«
i%
•i
«
* 4ft
it
at
t, -2
>-l CM CM
I-l,
r-i
r-t
LO •-*
rH
r-l
in
OJ <o
r-l
i-l
CM
a.
=K'^
rH
1
TJ
>>
•
05
c
IH
13
c
rH
fc
TS
fc,
■H
t<
0
•
Q
CJ
fc
'0
Sh
3
ft
tJH
t3
p
CO
X3 OJ <-)
fin
X!
•H
ft •
13
•H
C rH O
3 o o
X
Tj X)
•H W
3
X
rH
ft
3
ra
g a
X
3
c-^
0
13 [i. X. x:
• H
t^
tn
3 05
0 •
t--
S-,
0
C C3 O
x
OS
fc
u <
T3
ft
C!
3 OiTS c/5 CO
03
p.
rH
c
03
rH
•H
rH
0
fc -H g
»H
•H
0
ft 73 g
r-i •
ts
5
X
0
C?
,C 3 ^ >5
OS
j:
X
0 >
T3
.rl
fc
X
Al C3 C!h o as
r^
m
0
X 3 <iH
X ©
U
■n
u
0
>.
••
•H Jh J-. rg
0
t-
CO
to fc (ij
V Pi
3
CP
ft s
OS
CO
0;
(O
£ 05 >. 3 s
w I-l -p X 3
x
05
CO
fc
-p
•H 3
rH
13 13
(D
0
rH
rH
a! ft <c
13
03
X fr.
0
^
3 3
to
Sh O -H O CO
CO
0
OS
rH .H ;4
10 C
ft
■H
to
X
CJ
O
0! £ O
X
■H
0 X
13
C 03
•ri
c
u, +3
t3
!-<
C7 Ci-,
!i
rH O -H C C
0
0
S-.
X to •
•H
X
•H
OS C
CO
3
Ih
O to i-H .H -H
<;-i
CO
0
0 t. CO
3
in •
^_*
r-^ ©
^
• ft
3
J= ^ (E (C
T}
•H
E
CO oj "O
f>H
© K
^,
0 ,-4
X
0
CO .H
PL,
•• O >-. 3 ^ ^
-^
N
©
rH CS fi
+>
03
!^
X 0
.-i-
X
w CO 0 Cu Sh t.
3
G
^
>^ 0 rt 3
X
4J •
I-i
©
0 >
0
!3
• to
l-i
t3 1—1 (P 0
fc
'^
•rl
0 X C fe
X u -^
•P
© "-3
0
Ti
CO 0
H^
•H
t=> t<
«
C rH W S^ +> 43
c
0
^
•H
i^
X
■rl
c
0
a
c
3 rH oJ 0 -p 4J
&,
C5
t^
^
tn CO ft
0
•
C3
©
!-i ©
•
X
hji-l
o
Ceh -H ® W 0 0
•H
0
U 13 -H
^^
© 03
CO
^^J
© p-
^
u
u 0
•H
rO >H 3
X
>
w
t^
© <-< fi X
s >
13
0
3 X
-P
a, >-.- c 0 tc t:
ra
5»C
0
K 0 OB t.3
•
c
•H M
c
-p
X 0
05
•He? t; u u
tn
a;
0
•
& s-
w
-^
OS
•
© fi
•H
+>
W C/3
o
j: fn • • 3 3
0!
0
fc
W
• 6 • 03
13
E
c/>
u 0
&
0
CJ
3
en C; t, ^ JD ^
•-{
tz^
;?-, M e. rH
•
as C
Oh
« J,
ii
-H rH
'C
^ CG en 10
0
OS
>-
0
<
1- 05
tf-i
•
0
W
VI
Cl OS
~ PtT
as ^^ X^ ••-{ •r^ -r^
x:
•
X
©
r: • >. X
05
©
<
• kJ
c
c 0
T3 t
r-K <Sl 0 TZ U U
0
fe -p
f>
•H CO ti 0
^
X •
rH
C=-i
•
0
X -H
<E> C
0 4^ 0 f, V, »H
CO
^1
u
=: C CO
U >
Ui
©
0
KI
>;
CJ 13
-P o
,C 0 05 05 cS c!
•
0
a
13 • (D
0
c 0
X
• X
t,
>~
P 0
U &
0 P-, --3 ti-: W K
":>
PO
tc
pd t; t:
*~5
or. W
Eh
^ tH
H^
l-H
•H
CO
fcr t,
-P O
•
to fe
0)
rH
p- pr
M
Kl
16
(S
<D
o- *5
&
8 P
^
in
in
a
&
(O LO •
a
o
•* ^
«*
O cr>
in
to
to
as
o
tt) 05 .H
o
O «o
CO
iH
d
g ■-< X
1-1
CM CO
rH
OS
M
3 K
«»
m
^ w
CO
T
•o •
o o
9 g <=> o
o
O O O O O
t-
O 01
0>
o
o
o
•H
13
to
O O
o o o o
o
o o o o o
• • • ♦ •
^
o in
• •
m
o
o
o
C!
©
=i X w
O C\J
o o ai d
o
CM O O CM O
•*
o o
o
o
CM
CM
<D
^
i-i o 1
CM <0
in CM CM
o
in m ^ 1-1 CM
CO
CO CM
o
to
to
CO
3
•P
o CO pq
^5
■€©!
CO CM iH
r-l
rH 1-1
o
to
•^
o o
S S S o
t-
o o o> o o o
—
to
O 0>
Oi
c-
o
t-
w
iH
O O
o o o o
o
O O t> O o o
O)
o in
m
in
o
\S)
OS
' • •
s
if
O CM
O O C7> o
•*
O CM 05 O CM O
a>
o o
o
to
CM
in
o
Sl^
lO CM CM
o
O in rH •* fH CM
■*
CO CM
o
to
to
CO
o
Eh
"39=
CM CM r-t
CJ
CO in iH
CM
to
■*
:
CO
"TT
-o •
s §
o o o o
o
o o o o o o
CO
O Oi
o>
o
O
M
o
(D
ID TJ
o o
• 0
o o p O
o
O O CM o o o
t-
o in
in
■<^
o
.
o
^
p x: •->
O CJ
O O Ol O
■>3<
o CM in o CO o
in
o o
O
to
CO
o>
o
r-< O 1
CO CO
LO CM CM
t-
o in in ■* «-i CO
CO
00 CO
o
to
r~i
•>i*
A
O
O to CQ
=Sft
CM CM rH
1-1
>-t CO rH
CO
•»
to
^
^-^ -w
!D
•
t~
O Oi
m
t~
o
C~-
(D I-H ■>*<
g -4*
o
o in
r-i
-H
o
>-•
(S
o >ja)
o
o •*
■*
CO
«^
1-)
m
t> >-l r-l
5^
to
o to
1-1 CM
00
to
si
rH
1-1
i-H
<*
§ g
o o o o
o
O ■*! o o o 'o o
•^
O CO.
CO
o
o
o
TJ
a
o
to i£>
o p
c o o o
o
O W o o o o o
in
O CO
CO
o
O
o
§
■H
•^
d d
o o in o
o
o in o o o o o
CM
O "*
■*
in
o
in
O
<D 0>
O lO
O O CM O
in
O 00 O CO o o o
en
O r-i
rH
to
o
^o
P>H
• H
§^
in m
o in CM o
to
in CM CO to o to o
•k « •« «« av
CO
in in
O
•ft
CO
■>a<
CM
1
■-»
(-1
in in to
"*
CM 1-1 CD rH to
to
03
o
i-l
J
CO
rH
|l
TJ
1
•13 O
^
13
13
i-H
•a Id o
rH •
• r-H
fi C J^
o y
3 & 13
■H C3
3 3 CJ
.c •
rH ^3
O -H
fo fc CO
O s5
£ t.
CO .
O Oj cj fc
"O o o
a >.>i
-C
^ -H IL, ra
13 13
13
3 ®
•H !-, O
i: 03 o
t) ^ 13 OS g cij
CO ra 5 rH 3 -H
SB
fri >-i i:^
W -H Sh
S3
^ 3 o fe ^
fa fa
fa
«
(- O JQ
• tl
•H 01 fa ^ M
••
+> o 13
ce .H c
O CQ
d rH O D< S^
ft 04
Ph
W
C -H Jh
r-l i;h ©
E O Cl< CO •r^ o!
•H .H
•H
(B
0! M (C
O D Ph
O (D
3 ^ .H ^ M
A X.
X,
m
E 3 1-1
.C f!
o o
rH C3 j:: (D Kl O
w w
w
O
S ^ li
O 0) <M
a a
-«; w cj =M jh x:
ti !h
u
&i
O -ri
, CO m o
<D <D
^H -H oJ CP
03 OS
OS
t-i
X! Jh fe
U U
'O * in Oi ^ rH CO
rH r-\
<-l
1
£
fi <D
mux
<D !D
2 CJ PjrH O
*•
O O
o
13
1
•*
^'' ^H*
1-1 (P o
'^-i Ch
3 • -r-l O 13 x: Jh
w
-C X
X
Kl
(C tc
1-1 g ^
S ti
fa >• rH ^ C t> (D
13
o o
o
5
i
r— 1
-a
S-t ^
•HOD
o o
• rH CJ a; CO M
CO CO
CO
fa
S
^
5 .. -^
;^ ;£i ,c
o o
Oj kJ /H CO -P
3
c
3
!>= >~.-w
X( o
•H ^ ^ -P i-H
^ OS Ol -P O 03 <D
fa
<D !>3
CO
fi
a
o
ft.
(D 0! O
c • •
C3 ctl
tCrH
CM
1
T!
fe fc ^
p CO -=«; •
•H -H
ra .H -p j:; •rH CO
tJ
13 U
~ 03
E
[]
4^
P<
c>
pt, pn
a a
Ih x; • -H cB <D
o;
O (D
m 1-1
u
03
•H
X. ^ n
^ • -c
a c
03 Pj O 1-1 Pd w •
o
Q ,n
T3)
QD
u
o
x:
•P -P -H
CUi'-i +> •
t> >
rH rH P-, ^J)
k4
W
C "Vh
^
;3
BJ
(D 0) i-H
•H (D t3
i-t i-i
O (D • • •
3 o
[
T3
t.
^ ^ M
X a^
>> >.
J^ 13 W OS CJ CO >-.
-p
«< iH
fa
.
~ (a
OS
OS OS
ra O 03 (D
m ui
O 0! -H (D
c
©
CO
i^
'2 i
rH
N N •
^1 £ N o
S S=i
CO rH • 4^ as -H f>
•H > (1< !h f> E<
03
>J-H
IP 03
1
"i S
O
•H "H l/j
0! « -H cJ
2 S
13
^H C
N OS
><
tt
+> o
^
i-H i-l Jh
■H rH t,
<D (D
X 0) O N (D CO
3
03 CC
ri t--i
03
•H
C/0
(a w S
tt W O
P4 P^
A, « CO K t-q K
4J
to
'^C^
fc"
■P O
•
,
-
W (JLl
l-l
CM
to
1
a p;.
M
H
M
19
<D
- <!
to
to
to
O
<o o
c
o
o
a
B w lo •
•
•
•
a
O "* x>
(35
o>
o>
i-H
O (D 05 -H
to
to
to
CB
C ri rH X!
rH
rH
rH
PQ
M 3 K
C\J
dl
t3 ■ • ■ "
•H
H) X)
o o o o o
o
to
to
CJ>
13
10 t3 <D
o o o o o
o
o
'3*
o
r!
(D 3 £ '-^
• • • • •
•
•
•
•
<D
J-i i-H O tM
o ip o o o
Ifl «J U3 r-l rH
in
CJ
o
^
a,
3 O M 1
>*
03
to
in
X
■P fl CQ
^4*
r-<
to
in
•*
w
^5
to
to
!il
^i-
i-H
o o o o o
o
05
a>
PO
SI
o o o o o
o
o
■*
rH
^
-P
•
•
•
O
O lO o o o
in
rH
cr>
to
o
E^
U2 C\J lO rH iH
-*
to
a>
CM
t-t
CD
to
to
o
to
C3>
CO
t^
1^
■S?'
to
M
**
Jh -a •
o o o o o
o
c-
c-
to
o
OJ © no
o o o o o
o
t-
r-l
to
g
<D -d © ^^
• • • • •
•
•
•
•
o
>s 3 x; -H
o in o o o
in
o
Oi
C^J
o
rH O 1
in ej LO rH rH
<*
to
C7}
to
c
^1 O W CQ
IS^-
r-t
T
rH
rH
M
H
in
"9*
CO
in
to
»■ tt) •>
CM
CJ
to
O E rH
to
to
"Tl
« o •*
•
•
(C O t'j'^
o
o
o
I-) fl rs en
o
o
to
<B M 3 rH
TJ'
in
'tj'
pa "-3
r-i
rH
to
1
1
—
■#>
<:'-
i
t-1 «
o o o o o
o
o
■*
r-H
05 O
o o o o o
o
CM
w
r-i
"O
&( to in
• • • * •
•
•
•
•
s
^ ■<*'
o o o o o
o
OJ
t-
a>
3
O (T 01
o o o o o
o
vt<
CM
'=i<
t
fc
.s §-•
o in o oj <M
CO
Oi
•>
f^ >-}
r-i rH
C\J
c~
rH
CM
(X.
■•"-■>
>*
■^
CO
l-i
Si
a
o
xa
XI
o
©
••
©
ft
-p
ra
<M ©
;h
V
q>
•H <V^
t. 3
■ H
m
h: -H
O Ph
S-,
O
p: ©
<«
-p
ft
x; t3 i^h
rH
m
i
^4
O C TJ -H
•a 05
©
t
3
•H 03 sn fe;
© a
K
O.
Jh OB
-P o
li
-PC -d
O tH
X
11
rH
C8 O »H S
.H 4^
c
n
CS
© M © CSl
u a
05
ll
c
Q ^ rH
■P o
11
o
n o >i ©
w 3
XJ
■H
XI • -H >j W C
© Id
©
•P
S J^j Sh rH .H
ft; cd
XJ
+>
»
3 © t, . hJ
1
©
tJ
S
fc g Q © to
•-1 c
-p
•H
C3 ^ >j
05 O
tJ
t,
T)
>, -H . en ^ o
■p ua
•H
4J
- w
+! rH H © ftl
o
t,
«
Xi 1
•H rH (8 g
E-i
-p
©
<u a
3 -H • 13 rH «
u
u
-p o
g t; CO M fri w
©
c
o a
p^
t=>
V
•r' .
■^
20
DETAILS OF CURRENT FUtJD ADJUSTMENTS
Schedule B-4 YEAR ENDED JUKE 30, 1945
1. Adjuatmenta Adding to Current Funds j
Decrease in income balances:
Josephine Bittinger Eberly Professorship
of Latin Languages and Literature
Dr. and llrs . Andrew Bender Scholarship Fund
Eliza Bittinger Scholarship Fund
Derickson Scholarship Fund
Vedical Scholarship Fund
■tox F. Lehman Fund
Unrestricted Income
Total to Exhibit B, Section 4
2. Adjustments Deducting from Current Funds;
«
Increase in Income balances :
East Perns -'Ivnia Corferance C. E. Scholar-
ship Fund .^>200.00
S'^muel F. and Agnes B. Sngle Scholarship
Fund 120.00
C. C. Gingrich Scholarship Fund 120.00
G. D. Gossard and '.Tife ocholarship Fund 132.00
Harnish-TIousor Publicity Fund 80.00
Ponnsvlvania Conference C. E. Society
Scholarship Fund 74.00
Pennsylvania Branch ■/«'. K. A. Scholarship Fund 100.00
Sophia Plitt Scholarship Fund 105.20
Class of 1928 Scholarship Fund 3.40
Total to Exhibit 3, Section 5 ;?934.60
1100.00
40.00
.09
100.00
9.80
16.00
$265.89
1,960.14
$2,226.03
21
CONDSMSED STATEI.SNT OF GENERAL ?WD
CASH RECEIPTS AITD DISBURSEIIEKTS
Schedule '^-5 FOR THE YEAR SI>IDED JUFS 30, 1945
Bslance July 1, 1944 *18,581.23
Receipts
Income:
Students 1137,691.66
Endowment Income 31,762.03
Gifts and Grants j
Conference Benevolence $9,808.85
Others 10,500.00 20,308.85
Other Sources i
Group Life Insurance 549.40
Interest on Current Funds 63.42
Library Income 346.50
Rent for Chapel 15.00
Rent for Annex 120.00
Placement Bureau Income 16.00
Sale of Meals to Others 687.47
Sale of Food and Supplies 54.17
Registrar's Office 52.00
Miscellaneous Income 679.73
Unexpended Student Activities Fees 216.26
Health Service 1,027.50 3,827.45
193,589.99
Balance Sheet Items:
Received from Churches and Individ-
uals on Notes 248.00
Decrease in Prepaid Summer School
Expenses 106.63
Increase in Retirement Pajmble 104.20
Increase in Summer School Income 73.55
Decrease in Advances Receivable 1,277.88
Reimbursement from Building Fun.d to
apply on Capital Expenditures
made from Currant Funds 15,000.00 16,810.26
$228,981.48
22
COTOENSED STATEIIEIIT OF GENERAL FUND CASH
RECEIPTS. AND DISBURSEMENTS FOR THE YEAR
Schedule B-5 El^IDED JUNE 30, 1945
Diabursementa
Expenses :
Educational and General j
Gener'al Administration and Expense 033,237.05
Instruction and Research 91,092.69
Library 3,479.27
Operation and Maintenance of
Physical Plant 11,614.60 |139,423.61
Aiixiliary Enterprises and Activities!
Dormitories 10,329.61
Dining Hall 31,354.73
Placement Bureau 3.27
Health Service 1,661.29 43,348.90
Other Non-Educational Expenses :
Interest on Loans 1,096.39
183,868.90
Balance Sheet Items j
Increase in Inventory of Dining Hall
Supplies 261.38
Increase in Inventory of Laboratory
Supplies _ 30.00
Increase in Inventory of Power Plant
Supplies 644.00
Increase in Prepaid Insurance 704.05
Decrease in Notes Pajrable 34,000.00
Decrease in Students' Deposits 142.23
Additions to Plant $3,943.71
Less, Equipment Gift 138.00 3,805.71 39,587.37
$223,456.27
Balance June 30, 1945, per Exhibit A, Section I-A 5,525.21
^228,981.48
23
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
EMDOV,lfENT INCOlffi ACCOUNT FOR THE YEAR ENDED
Schedule B-6 JUITE 30, 1945
Balance July 1, 1944 $3,460.46
Reoeipts
Income from Endowment Investments f35,740.99
Leas i
Accrued interest returned to
End ovnnent Fund j
Philadelphia Electric Company $13.32
American Cyanamid 212. E3
United Gas Corporation 541.50 $567.35
Accrued interest returned to
Philadelphia Alumni Scholar-
ship Fund • 10.98 578.33 35,162.66
i^38,623.12
Disbursements
Unrestricted s
Transferred to Creneral Fund for
Educational Purposes $28,923.63
Restricted :
Transferred to General Piaid for
Educational and General Purposes;
Printing Funds $28.00
Professorship Fimds 2,749.40
Library Funds 53.00
Faintenance Funds 8.00
Used for Non-Educational Purposes;
Scholarship Funds 4,084.47
Student Loan Funds 400.59
Prize Funds 62.00
Annuity Funds 145.00
12,838.40
4,692.06
7,530.46
36,454.09
Balance June 30, 1945, per Exhibit A, Section I-B 2 169.03
138,623.12
24
Exhibit C
STATEMENT OP LOM PTJNDS
YEAR ENDED JUNE 30, 1945
FUND PRINCIPAL
Balence
Balance June 30, 1945
July 1, Receipts Other Deduc- Exhibit A
1944 For Year Additions tiona Sec. II
Alumni Annual Giving Fund
Kary A. Dodge Fund
Daniel Eberly Fund
Charles E. Merrill Fund
Henry B. Stekn»n Fvmd
Dr. Wagner Special Fund
Less, Loss from sale
of Bonds
es
,123.
.72
1462,
.13
$3
,585,
,85
7
,368,
.33
654,
.59
-
-
8,
,032,
.92
277.
.89
20,
.59
.
-
298,
.48
509,
.00
3,
.00
-
-
512,
,00
1
,951,
.12
-
-
-
1
,951,
.12
177,
,00
11,
.20
-
-
188,
.20
13
,407,
.06
1,161,
.51
"
116
.21
14.
,568,
16,
.57
.21
^13
,407,
.06
11,161,
.51
^16.
.21
$14,
,552,
,36
FUND
ASSETS
Cash
Investments :
f 10, 000 U.S. Treasury Bonds 2 \/^%, 1962-59 $10,010.37
25 U.S. Savings Bonds, Series F, 1955 18.50
Notes Receivable from Students t
Alumni Annual Giving Fund ' 1,090.23
Fary A. Dodge Fund 2,480.85
Henry B. Stehman F'und 750.00
Dr. Wqgner Special Fund 117.90
Total Loan Fund Assets June 30, 1945
to Exhibit A, Section II
$84.51
10,028.87
4,438.98
$14,552.36
25
Exhibit D
STATEHEUT OP EIJDOVJTffiNT AMD OTHER NON-EXPENDABLE FUNDS
YEAR EJIDED JUNE 30, 1945
FUiro PRMCIPAL
Endowment
Funds
Annuity
Funds
Total
Balance July 1, 1944
$729,157.51 $2,900.00 §732,057.51
Additions during yean
Loranz Family
Philadelphia L.V.C. Alumni Club
S. H. Deriokson
Interest returned to Principal t
United Gaa Corporation
Insull Utilities
Deductions during yean
Transfer of M. H. Baohman Scholar-
ship to Building and Endowment
Fund
Difference between amount realized
from sale of securities during
year ended Jime 30, 1945, and
amount at which said securities
were carried upon books of account
Balance June 30, 1945, to
Exhibit A, Section III
3,000.00
10.98
12.50
341.50
5.60
3,370.58
3,000.00
10.98
12.50
341.50
5.60
3,370.58
$732,528.09 $2,900.00 §735,428.09
1,000.00
12,278.98
13,278.98
1,000.00
12,278.98
13,278.98
$719,249.11 $2,900.00 :ji722,149.11
26
Schedule D-1
SmaiARY OF ElJDOrafENT FUIJD ASSETS
JTOJE 30, 1945
1 1 1 ' r ■ ■ ' • -"Ui
Amount
Percentage
of Total
Investments :
Farm
^9,
,776,
.25
1.55
Bonds J
Government
Industrial
Public Utility
Railroad
Real Estate
1101,044.57
25,544.30
65,214.17
66,791.85
8,500.00
14.00
3.54
9.04
9.26
1.17
Total Bonds
§104,991.24
110,243.94
5,267.50
267;
,094,
.89
37.01
Stocks ;
Preferred :
Industrial
Public Utilities
Retailers
;4.55
15.28
.73
Totfl Preferred Stocks
220,502.68
30.56
Common:
Aviation
Banks, Insurance and
1,600.00
.22
Finance
Foods
Industrial
Oils
Public Utilities
Railroad
Railroad Equipment
Retail
Steel
Total Coinmon Stocks
61,770.58
8,070.00
29,499.23
20,665.99
68,740.37
3,000.00
2,700.00
13,834.44
3,933.20
213,813.81
8.56
1.12
4.09
2.86
9.52
.42
.37
1.92
.55
29.63
Total Preferred and
Common Stocks
434,
5,
,316.
,460.
,939,
.49
,00
.00
60.19
Mortgages
Notes Receivable
.62
.83
, Total Investments
721,
,586,
.63
100.00
Cash awaiting investment
Assets, June 30,
Section III
562,
.48
Total Endowment Fund
1945 to Exhibit A,
f722,
,149,
.11
2 7
loll
o
o
PI
o
o
^\
•
• 1
o
o
o
o
o
^i
LO
in
o
LD O « O O O
(M o a> o u5 o
^ to to LO CM m
M.
Ifi
o o c- o o
t-
N
O O W O CO
«
to
o o U5 o a>
<*
C~-
O O O O CO
T?
t>
o o o o o
o
<\ A »k «b i«
a>
to to oj to 'i*
r-H
«?=
CJ M cH to
■ft';:
o
CM CM
LO 03
C7> lO ko
O 'I* 1-1 >- 'ii "7*
t- O W 0> to CTj
O O CM
•"^ >S< t- C- C--
O 00
o to to CO o c-
lO i~-
LO LO 1 t i
LO LO
M (H LO LO LO to
C-i lO
05 Ol LO LD C-
(Ti cr>
O O cn (33 03 cr>
OS c^
rH i-H to to to
1-f l-l
CM CM 1-1 <-l rH 1-1
rH 1-1
Oi C!3 CD
CD <D
-PO
JM JTsJ ^CM JM JTvJ
1 1 1 1 1
Q
o
CM CM C\J CM CM
«
EH
CO
!=>
Q
to
to
en
EH
M
M
O
M
^"^^
13
t^
rH
M
m
as
P
•H
Ah
to to '^ LO lO LO
a (T, CO
■K I
<u
®
to
W
CO
■H
•H
TJ
13
tJ
u
^
^
c
f:
ID
ID
O
o
o
W
CO
K
p-
fD
«
,
>.
>.
>:
w
CQ
^1
;h
^
hi}
bC
3
:3
3
c
c
trj
to
03
•H .H a; c; (C
> t> © O ©
cc c: Jh (h ^.
CO CO EH Eh Eh
CO
to
n
K
«Q
(D
0
(D
ID
©
-p
-P
-P
-P
-P
iS
Cu
cS
OS
CC
+^
-p
P
•p
-P
W
CO
CO
CO
P^
T3
■o
-a
'O
-o
CD
ID
(D
CD
a>
+5 -p p -p -p
• H -H -H -H -H
C C C K C
o
o o
o
o
Ol
o
o o
o
o
o
o
o o
o
o
o
•> "^
•
liy
CO CM
to
t*!
rn
CM
CM r-t
to
s
6 g
§2 91
o
>,.H c
CC!
p
•H
u
Cij
CJ
-P
<D
E
ID
C
^
-p
o
1 — 1
J-i
o
^
o
w
o
fX,
w
&1
•H o lu! S-1 O
tl 1— 1 -H S O C_3
f-i ^1 ID a! t;
"3 (^ TJ Ci !D
(D
ID +' C2
4^
!-! « +^ t
ai
Cd Cw CS5 (D 03
P
O O -rt s- ri
t/j
*H tI CJ -H OS
J-.
Si ^ O -p .H
0)
(D 0) m c x)
-P
fc e to o c
■< -3 < C_3 l-l
n
O O O O O
o
o
O O O O O
o
o
o o o o o
o
c
.
i> o to o LO
o
CO
1— 1 (-1 1— 1 1-1
1— 1
CO
X
U
M
OS
J^
ti
3
^
X
to
o
o o (C o
fc ffi rH
•H (D >;
4J - > C6
rH O ID ^
(B 1-1 1-1 i-l
pr (0 (.:> •!-!
E-i m £H
O O O
O O O
O C O
lO LO O
28
"«5^
o
o
■^ll
(—*
o
o
u; 1
o
o
o
^
l-i
Ci
U5
a)
CO
lO
■*
to 1
I p.^
OOU50000000,-,
usOcvjooinoooooj
O r-l 1X3 O
O lO CNl CO
CO <-i «) l^
CM O LO O O Ii-I
t- O CJ o
f-H laa in lo
t~
00
o
mil
lO
•^
o
CO
•
•
•
■^<
to
o
i-t
1— 1
o
o
05
CO
c-
o
c-
•*
•k
•1
OD
o
CO
J
l-i
^11
(-)
1 ^11
o
1 <"II
o
-* 1
C)
Ol
UJ
o
00
c~
=^ ,■'
«J
OJ 1
o
o
o
in
o
in
o
0)
o
in
^l
o
in
CO
■>«<
CO
o
o
CO
CM
o
CM
•
•
•
•
•
•
•
o
C£>
CM
yj
to
•^
in
CM
in
in
r-i
o
C\J
to
to
CM
in
00
O
CO
00
Oi
o
«3
to
rH
in
c~
r-l
o
■>*<
CO
Oi
M
in
r-i
o*
o"
o"
r-H
o
o"
CM
•*
i-l
i-H
iH
i-H
rH
rH
I-l
i-i
rH
o
y>
■CO
CO CO to C3 t~ CTJ
tiD CD rH rH ^ CO
Gj O O O O 0-)
f-1 >— I CM CM CM 1— I
W CM ^CM CM
in •* in •* in <*
mincocDin'*'*mcoinco
<
t..:
>i
CJ
51
C
3
t)
(Tl
•H
a,
^
fj
<
c:>
o
(1^.
o
t3 a5 13 x; T3
q3 IP Cj CD Q) r^ >-.
O r-H O O C 03 C
^ t, Jh S-l >H g 05
r-H O 1—1 I-l rH ,-1 &,
•rH -H .r^ -H -H g
* g CC 03 00 CC O
Cii 3) Cd PS K (v; o
I—) I— 1 rH I— ( O U
aJ -c a; cc aj -rH .H
;^ C ^ »-. ^, Cm i;h
CD to G) (D 03
O -rl CJ CJ O
££
m O m .:4 M C a
•H hJ -H (h U ^, >H
O O O O (D (D
c • c t^ ;>' ^ J
I-l
n
(D
12
_o
o
03
O
O
o
o
o
o
O
O
o
o
o
o
o
O
o
•
o
o
o
in
Lfj
in
o
o
o
o <;h
E o
n o
6 o fl
o Oi o "
C; O O rH O U -H
o 3 x; o OS o3
>>Vi
c o
C O
o a.
e o
(D (D
CO CO »H 4J
O W U rH ^< (h (D
C5 -H O t) -P
I-l U O Cli U CS
• ec o J, .H .p
" «>; CO
t, -H ti O
CQ oj O
6H M Eh
Ph O (D (D
•H +5 +»
© T3 *rH -rH
EH « C= t=l
hjl-s; «;
Pi poo oooooooolol
inc-ooooooinoolo
I— ICMrHi— IrHi-HrHi— IrH IrH
25
O LO irj O lO to O O
C-mrH'*<i-l(MtOt~
1 Uol
O O O O OJ O U5
O Oi CO CO ,-1 O i-i
-* W '^ «* CO ■<*' 1-1
o
o
o
o
o
o
■^
o
O
■*
11
t-
t-
o
to
o
o
-!(<
Hi
to
o.
(
c-
w
o
w
LO
in
o
C\)
CO
to
!
UO
f-i
o
^^^
to
CO
•^
o
<£)
'q-
1-1
o>
CM
t--
00
CNJ
1-1
c~-
IM
CM
'i'
o"
G5
00
o
CO
Oi
to
LO
O
r-l
1-1
1—1
1— i
r-i
1—1
1-1
v.?
E
^ cvj o c>a O
Oj O «0 CM to
CO -^ "^r" 05 CO
i-i^Lrato'*'o^c\J'-ic~'-i >-•
IP
LOLOc-tomt-tointD
ai
6
o
Ih -P O 4^ © fi,
xl u o o
OS
I)
1—1
u
fl
■P
CO
<a
rD
c
r^i
OS
S
-p
<
D
^
C
a.
o
^s
X
ti.
o
C3
j3
to
<D
to
Jh
Ci^
(X
o
^
ft
(E
«
e
CJ
"C
O
J
S
C
03
o
c;
(^
s
d
©
o
©
es
u
(X,
•H
-P
o
<n
•H
-a
02
as
•H
X
•H
t.
T3
c
-P
•H
t
+>
1-1
-P
C
M
00
£
r-l
O
c
0!
ft
ID
SS
Clj
(D
1-1
C
e
1-1
CO
©
OS
rM
ti_
U
©
c
(a
C
©
©
•c
o
^
C8
W
X
OS
^
o
•H
oj
4^
■p
1-1
r-l
E
-c
s
^
U
t-
•H
,o
{3
C
O
®
O
o
X
P
o
M
M
fe
fc
Pl,
(^
o
o o o o o o o o o _
ifj Ooooooininlin
r-l r-lr4rHrHC\lCJrHrH
o
o
^
w
u>
t-
o
H-l
"J"
M
H
n
8-1
«!
CJ
1 •*
M
li!
>
«
<
o
a
ft
s:
E
M
>>
u
o
U
o
o
©
>i
o
i
o
rH
u
h
f"
Ki
-p
o
o
e
•p
C
to
6
>>>H
^
o
n
O
3
•H
13
i^
s
o
>i
D
•H
t,
-P
ft ©
a
3
c
^
-P
Eh
rH
iu
-p
OS
&H
o;'
03
E ^
';h
m
ft
^
X)
P3
o
e
o
3
1=
-P
C
CJ iVh
o
^1
o
a
m
OS
•
o
o
Ai
E-H
CJ
©
■H
\'
■p
rt
E
O
^
^
to Ai
PI
a:
-O
-p
-P
C
s
a!
3 C
OS
cn
C
.H
to
•H
03
CO
^ 05
•p
OS
-o
©
rH
e
E-i m
-p
rH
©
f>
rH
rH
OS
(S
^
L.
C
l-H
©
CSS
<D >i
X
c
c
CJ
HI
t:;
fl
IU4^
a
o
■a;
rH
c
o
© -H
a
•w
n
rH
r-l
CS
OS
•H
»H U
^
-p
03
OS
-P
x;
•P
3
05
r-l
•H
•H
^
o
OS
+> r-l
^
?=;
Oi
O
t)
©
K
»
O OS
O
O
^
t<
c
W
OiS C
©
•H
©
©
.rl
+J
<iH O
^
ra
E
£
E
+>
£
m
S--I
fl
a:
©
^
^
C
;h
C-P
OS
x:
x;
o
o
o
o
•H
0! OS
en
o
o
o
o
o
o
Cl.
;aB
OOOOOOOtO
OOOOOWOCO
rHrHrHrHrHrHCMCM
30
o o o o o o
O 0> U> lO N CO
W •<*• iH CM to
o
o
o
8
o
in
•
8
<M
o
o
■5^
rH
to
r-i
O U5 U5 0>
O t- <M
05 «3 U5
O O O CO
CM
o ■<< o to
c~
• • • •
•
o a> Lo o
to
t- in t- w
to
o>
OJ
^
rH to in i-l CO O
W '*< to i-l O CO
'J' i-« to in CD w
O C7J O
o>
o o> o
O)
O rH »*<
in
O O CO
CO
CO CM CD
CO
■« «t •«
•»
■51* o in
o
■f^r-l
"sfcotoinOi-HrHiHin
ojojtotoOcotooin
C-rHrHi-lrHCOCOCMt-
t-05C~ ^r-lLncMOO
0!
a,
m
>j
O,
u
m
c
1
T3
o
o
-p
©
"-3
a
§
Pa
©
c
^
o
H
>>45
«
©
n
C
£
^
rH
lO
OS
3
•H
^
a
o
^
Cm
o
a!
>i e
&,+>
O
(S
C O
>H
03
-o
+^
ffS o
o
s
>.
©
w
a
o
M
c
■p
E ©
a
s
(H
«
c
o ^
t-H
r-i
S
Oj^
«
O OS
a
©
e
o
•H
t.
m
o
rH
o
o
H
Tj cq
x)
•H
O
o
ra
a
m
C
a
u
^H
B)
^
-d
05 U
as
-p
■P
r-l
-«!
a
^
« -rt
t,
o
©
•H
K
o
o
1 «>!
rH
PC
©
rH
PU
o
©
C
(D
rH ^i
■o
W
m
73
■P
(S
«
O U
^
Di
^.
^
o
m o
CC
C
•H
a
Is
co
H
C!
U >H
"C
O
rH
■n
[i-]
)-,
O
©
c
-P
rH
a
©
l-H
(E
o
to ^
a
ra
•H
a
t3
Eh
e
(D
5g
-p
©
JC
+5
•H
M
<3
n
CO ^
PL.
CO
Eh
Eh
o
o
o o
o
OhD
o
o
O O
p
o
in
o o
o
o in
o
o
o o
rH
rH rH
r-l
Ol CD
o
l-t
CM
■* t>
O
M
>.
c ^
«! Pj
tt OS
>>
>>
e tH
a
>> CJ
O M
O © >5
a
a as
OS Oi
rH a
e
a a
o © es
o
e o
•H EH g<o
m
O O
»^ s
-P
o
-P -o o
-p
A'
-p
o c o
^
fcO
fl
o >5 a
e «
fcO
•H
o
•H JH ©
rH C
•H
Pi
•H
t. C8 6
•p B( ©
w © o
»-5
4J
a ro
o
03
t3 B >
TJ O -H
=S
•H
;^
© o o
fi ^ -c
)h
o
rH O tl
03 O-H
^^
•P
ft pq O,
©
(C
O
h
>H e
W rH ^
^
©
o
0! © M
(C © -P
O EH rH
6
i-i
o
hH .p
Oh
H
,c; C3 in
(O
t3
a,x> 03
c c ©
©
C
rH © C5
« ccS ^
^<
d
3
© fct
o o cl
0
©
o
13 1 t3
■H -H O
fe
OaJH
OJ © ©
(h »H g
CD
o
>5
rH fi 4>
© © g
rH
>^
©
•H O .H
^^5
© 3
u
ci>
:P •♦^ 5
P< CO P
oinoooooooin
Ot-OrHOOOOCVlO
tOrHtO tOCJCOrH [O
31
O LO
o w Icj
o
CM
o
t~
o
to
o
CO
CM
1-1
•^ o
rj<
O
.-1
o>n
en lO
•^
CM
00
-s*
<y> ^
■*
to
to
to
C2 to
to
CO
<H
rH
0> CO
00
Ol
CO
to
•» -l
•k
«
%
%
^ 00
to
to
to
«#
«5-
1-1
■©3=
1-1
^
=e<S"
CM
=€*
^e*
o
o
o
o
•
o
O)
CD
tol
«*
C7>|
^
i%l
'^
lol
'i*
-^
a
-PO
>»
cs
1
>» >>
a c
C3
tt
(D
6 e
rH
o o
rO
o o
OS
o
"b -a
fl
ob
-d a!
^
^ o
Hi
3
X
>5rD
o
c
Cn
c
(T O
a
si
e ff!
^
E
o
o
(U
i,
•H
bJj B>
u
•P «H
(p
h-\
<D
d «
j:
&
4
(a
O (D
Eh
1
Eh
g w
CO
o
§
o
o o
o
o
o o
O
r-{
o
I-l
»-:i
1-1 rH
«
K
M
.J
.^
<
1— 1
M
Eh
S
S
la
K
32
Exhibit E
STATBliENT OF PLAMT FUNDS
YEAR ENDED JTME 30, 1945
(l) Unexpended Plant Funds j
Balance July 1, 1944
Additions during yoarj
1. Amount transferred from Current Funds
Deductions durin.f^ year;
a. Land for Athletic Field
b. Equipment for Infirmary
c. Cabinet for Biology Laboratory
d. General Furniture and Apparatus:
1. Carpet for South Hall
2. Lamp for North Hall
3. Film Storage Cabinet
e. Equipment for Library
f. Books in Library
g. Montgomery Memorial Room in
Library - Books and Equipment
Balance, Jtme 30, 1945
(2 ) Invested in Plant t
Value of Plant July 1, 1944
Additions during year
Value of Plant, June 30, 1945, Exhibit A,
Section IV
None
■"unds
^3,943.71
53,943.71
.<;1
,081.64
27.50
75.50
;i;70.87
4.50
30.25
2
105.62
15.45
,500.00
138.00
^728,859.62
3,943.71
3,943.71
None
^732,803.33
33
Schedule S-1
PLANT FUNDS ASSETS
JTJTJS 30, 1945
Book Value
Book Value
Erected
June 30,
Increase
June 30,
1944
1945
Lands j
Athletic Field
^,000.00
11
,081
.64
16,081.64
Campus
34,000.00
34,000.00
Hookey Field
800.00
139,800.00
800.00
il
,081
.64
#40,881.64
Underground Heating and
Plumbing System
$17,851.69
117,851.69
Buildings}
Administration
1905
§157,170.25
§157,170.25
Brunner Property
7,047.15
7,047.15
Conservatory Annex
3,756.34
3,756.34
Engle Hall
1899
68,112.77
68,112.77
Heating Plant
1904
12,300.00
12,300.00
Kindt Property (infirmary)
3,407.26
3,407.26
Carnegie Library
1904
39,250.00
39,250.00
Men's Dormitory
1905
93,430.34
93,430.34
North Hall for Women
1904
87,111.91
87,111.91
Pres ident • s Home
1900
9,145.60
9,145.60
South Hall for 'Voraen
1857
22,611.83
22,611.83
V^est Hall for Women
12,183.37
$515,526.82
12,183.37
1515,526.82
Equipment i
Auditorium
$2,700.00
12,700.00
Dining Hall emd Kitchen
6,954.80
6,954.80
Class Room Furniture
4,949.29
4,949.29
Conservatory Class Room
Furniture and Apparatus
711.23
711.23
General Furniture and Apparatus
14,942.23
1105,
.62
15,047.85
Athletic Field and Gymnasium
5,371.00
5,371.00
Heating Plant
2,763.68
2,763.68
Kindt Property (infirmary)
89.99
27,
.50
117.49
Biology Laboratory
7,896.35
75,
.50
7,971.85
Chemistry Laboratory
12,101.89
12,101.89
English Department — Lantern
Slides and Equipment
1,000.00
1,000.00
Physics Laboratory
6,838.30
6,838.30
Psychology Laboratory
213.90
213.90
Library
2,688.98
15,
.45
2,704.43
Books in Library
38,300.00
2
,500,
.00
40,800.00
Montgomery Memorial Room— Library
8,000.00
138,
.00
8,138.00
Kuseim Furniture
4,472.10
4,472.10
^'usioal Instruments
30,235.65
30,235.65
Office Equipment
5,101.72
5,101.72
Y.r/.C.A. Room
350.00
.$155,681.11
1728,859.62
350.00
|2"
1^
,862,
,943.
.71
1158,543 rl8
Total Plant Funds Assets
$732,803.35
34
Si
o o
o o
o o
O CD
o ^ a
o <£> in
CO a> ■^
a>
o
1-1
o
•
in
o
r-H
o
CNJ
o
^
•1
CO
o
c-
to
(M
o> o m O O
«D O t> O O
CO to o o o
>>t>
CD a> f-
m <o IS) lo V}
I LO I I I
CO 05 CO CV} N
LO 1-1 lO CD t-
05 05 Ol Oi
W C\J C\J CM
w t~ a> c\j c—
CD r-l O in CO
t~ in to to c»
03
•N
CO
03
03
m
©
-^
to
'S
Id
ta
1-1
t3
o
r^
-d
a
Pi
Pi
C
■p
r-i
O
fl
3
o
o
o
ss
in
ra
o
n
m
m
m
bO
to
ID
X)
©
•H
>*
>>
>> >s
^
•H
^
<D
O
«H
01
u
O
CD
^
to
U
^
Ut
T?
fl »
^
c
c
xi
u
•S
r-l
3
to
3
3
rH
OS
fi
-P
••
03
o
CJ
©
to
a
03
03
03
•H
cr
cd
•H
'O
tn
u
o
iVh
^
*
as
•H
(S
OS
OS
D
m
P^
rH
(D
(D
m
to
Ph
o
<D
f>
(D
<D
(D
m
■P
rH
•H
t>
<^
CS
a
to
u
03
U
U
U
©
(S
rH
^
•H
E
•rH
<4H
a
t3
9-1
CO
EH
E-i
B-i
c
(0
c
^
05
<D
O
c
o
u
<D
o
TO
o
s
•H
O
o
ce
^
©
-p
3
Q
•
•
•
•
•
®
•H
<
• H
o
hJ
ID
t>
-P
03
©
fa
p
CO
CO
CO
CO
CO
(-1
-P
■p
^
«
OS
rH
+)
o
l-i
4^
•-^
•
•
•
•
•
,o
0}
rH
••
►S
-p
rH
.H
>-.
^
t,
o
05
rH
t3
C3
t=
P
^
cs
2
OJ
«
a!
(55
n
a
03
o
•H
fi
CO
3
CJ
"S
>
3
+>
rH
is;
•P
C
o:
o
C3
l-l
o
•P
c
•ri
T3
o
^
<r
O
o
l>
rj
s
4
O
2
in
o
o
o
o
in
m
w
f-l
t
rH
C
Eh
•H
a1
©
c
rH
-p
o
Eh
,fi
o
o
o
o
o
t-
o
rH
o
+2
>;Ph
•H
o
<fl
c
u
r-t
to
o
o
o
•*
(B
l-l
OS
•H
C!
3
m
r^
c
•H
©
<M
%
g
*
«^
*»
^
•V
«
tc
Pk
>
«
,o
-P
p
CS
O
E
03
o
••
rH
o
o
o
l-l
o
E
,n
•H
2
TO
3
^
©
+2
+>
03
tn
^?=
c\l
in
o
c~-
to
vH
03
C
(D
^H
9
IS
rH
©
a
Tl
©
,c
13
rH
<-l
rv3
<D
to
©
■««;
^-5
+>
0L,
ta
■<
k4
to
©
<«
►-:i
w
fl
*'■?"
-e
>>
+>
c
t>
o
^t
35
EXTENSION DEPARTlvEEKT
YEAR ENDED JUNE 30, 1945
Income J
Tuition:
First Semester
Second Semester
Total Income
Expenses J
Faculty Salaries
Traveling and Fiscallaneous Expenses
Total Expenses
Profit
#1,972.00
1,916.00
2,100.00
860.74
13,888.00
2,960.74
1927.26
SATURDAY AMD EVSJIING SCHOOL REPORT
YEAR E1:DED JUNE 30, 1945
Income:
Tuition:
First Semester
Second Semester
Total Income
Expenses :
Salaries paid to Faculty
Ten per cent retained by college
Total Expenses
12,201.50
1,613.00
#3,433.05
381.45
$3,814.50
;,814.50
Note: All iriscellaneous expenses of Saturday and Evening School
taken, care of by Extension School
36
SmiffiR SCHOOL REPORT
YEAR SI.T)FD JUNE 30, 1945
Inc ome j
Refristration Fees
Student Activities Pees
$166.00
114.00
Tuition I ■
College
Less Scholarships
$9
,784.00
316.75
$9,467.25
'
Kusic School
Less Scholarships
963.00
50.00
913.00
L'usic - Special
1,795.91
12,176.16
Boarding
Sale of li'eals to Others
2,216.75
82.60
2,299.35
Room Rant
Practice Teaching Fees
641.50
267.50
Total Income
$15,664.51
Expenses j
Miscellaneous Expenses
Salaries, Faculty
Special
Special Kusio
Boarding Expenses
Care and Maintenance of
Dormitories
Total Expenses
15,800.00
425.60
1,616.32
Profit before Administration and
Building Maintenance Expenses
.§1,212.56
7,841.92
2,344.86
80.65
§11,480.09
^4,184.42
37
STATE13NT OF L!USIC SCHOOL H^'COLIE AND EXPENSES
YEAR ENDED JUNE 30, 1945
nicoLrE
First
Semester
Second
Semester
Both
Semesters
Instruction I
Voice
Piano
Organ
Violin
Instruments of Band and
Orchestra
Theory
Less, Scholarships
Use of Instruments for Practice »
Piano
Orran
Instruments of Rand and
Orchestra
I'iscellaneous - Sale of Reeds
Total Income
.^2,157.00 $2,090.50
3,248.00 3,523.00
1,074.00 984.00
472.00 474.00
1,057.00 1,024.50
6,768.00 6,563.08
14,776.00 14,659.08
287.00
676.00
568.10
1,531.10
283.28
573.88
317.18
1,174.34
5.00
14,247.50
6,771.00
2,058.00
946.00
2,081.50
13,331.08
29,435.08
1,437.50 :|27, 997.58
570.28
1,249.88
885.28
5.00
2,705.44
5.00
^16,307.10 ,115,838.42
30,708.02
EXPEKSES
Salaries
Insurance
Practice Teaching for Seniors,
including Transportation
T'iscellaneous
I'us ic
Stationery and Printing
Tuning, repairs and use of motor
for Organ
Total Expenses
Profit before Administration and Building
Maintenance Expenses
|24,59S.31
52.51
883.50
47.07
87.16
8.65
1,044.16
26,722.36
$3,985.66
38
STATEL3MT OF DORIHTORY INCOJ'E AITD EXFEITSES
YEAR EITDED JUKE 30, 1945
mCGIvIE
Rentals t
Men's Dormitory
North Hall
South Hall
Weat Hflll
Infirmary-
Annex
Dining Hall
Breakage Fees
Cleaning Fees
Total Inoorae
^2,306.14
4,104.38
2,423.00
1,115.00
90.00
34.00
4,000.00
114,072.52
245.78
127.31
$14,445.61
EXPETISES
Care of Buildings and Furniture
Heat
Light and Pov/ar
¥iscellaneous
Operating Supplies
Property Insurance
Repairs and Maintenance of Buildings
and Equipment
Telephone
Water
Total Expenses
Profit before Administration Expenses
:32,692.62
3,559.79
891.03
55.30
209.21
387.91
2,103.92
90.35
339.48
10,329.61
,i;4,116.00 '
39
REPORT OF DIN DIG HALL
YEAR ENDED JTOE 30, 1945
EJCOME
Students' Poard $24,718.50
Sale of Meals to Others 687.47
Sele of Food and Operating Supplies 54.17
Total Income ^25,460,14
Cost of )Ae?5ls, Nateriala and Supplies only: "^
Inventory July 1, 1944 2,188.62
Purchases " 18,803.08
20,991.70
Inventory June 30, 1945 2,450.00
Cost of Meals, Materials and Supplies only 18,541.70
Gross Profit before Operating Expenses $6,918.44
Exparsss
Operating; Expenses j
Salaries and Vfeges *7,257.49
C-as 194.50
Laundry 147.38
Light and Pov.'er 481.02
Miscellaneous 117.00
Operating Supplies 53.65
Renewals and Repairs 431.14
Rental 4,000.00
Telephone 64.68
Vfater 66.17
Total Operating Expenses 12,813.03
Deficit, before Administration Expenses $5,894.59
40
STATmJENT OF LABORATORY INC05ffi AIID EXPENSES
YEAR ElIDED JUNE 30, 1945
Physical
Biology Chemistry Phyaica Soianoe Eduoation Total
Ino ome •
Fees
Breakage Ino ome
,176.00 $1,431.55 $245.00 ^26. 00 1197.65 §3,076.20
16.80
239.25
256.05
11,192.80 1,670.80 245.00 26.00 197.65 5,532.25
Expenses :
Inventory July 1,
1944
Purchases
Inventory June 30,
1945
Gain before Adminis-
tration and llainten-
ance Expenses
150.00 1,610.00 50.00
414.51 1,192.92 61.15
564.51 2;802.92 111.15
150.00 1,640.00 50.00
1414.51 $1,162.92 §61.15
+ + 1,810.00
+ 127.61 1,796.19
+ 127.61 5,606.19
+ + 1,840.00
None $127.61 $1,766.19
.29 ;$507.88 $183.85 ;^26.00 $70.04 $1,566.06
REPORT OF LIBRARY
YEAR ENDED JUNE 30, 1945
Income}
Matriculation Fees
Endowment Fund
College Departments
From Individuals for "Het Bloedig Toennel"
Prom. Individuals for Montgomery Memorial Room
Expenses •
Books and Magazines
Salaries
Supplies and Binding Expense
riscellaneoua
Specials for Departments
Specials for Montgomery Memorial Room
Deduct, Items added to Capital Investment
Loss, before Administration and Maintenance Expenses
1206,00
53.00
1,478.34
140.50
138,.00
1,954.66
3,729.12
285.46
10.03
1,478.34
138.00
$2,015.84
7,595.61
2,638.00
4,957.61
12,941.77
41
DOKATIOFS TO LEBMQI^' VALLEY COLLEGE
FOR SPECIAL PURPOSES
YEAR ENDED JUNE 30, 1945
CASH CONTRIBUTED TO CURRENT ACCOUNT
books, supplies, binding, etc,
rom Departments i
Bible
Biology
Book Department
Chemistry Department
Education Department
¥usio Department
Psychology Department
for Library,
$12.64
16.33
472.81
7.50
8.53
16.73
16.90
11551.44
N. Funkhouser--Library Plana
t Pennsylvania Conference— War Emergency
nsylvania Conference— War Emergency
1500.00
5,000.00
5,000.00
$10,500.00
BOOKS PRESENTED TO LIBRARY
In addition to the above, books and
rary by the following?
ooks :
Becker, CD.
Best, Herbert
Butterwick, R. R.
Derickson, George V.
Deriokson, S. H.
Davis , Melvin E.
Gillespie, Kary E.
Green, Mrs. Tv'ary C.
Heilman, Joseph and Elizabeth
Herrington, M.
Hoover, Merle M.
Hutchison, J. R.
Keene, James E.
Lebanon Rotary Club
Lutz, Harold T. '
Lynch, Clyde A.
Fanning, Mrs .
Meyer, Mrs. D. H.
Killer, Harry E.
Moxjnt Holyoke College
Mutch, Verna
Myers, Helen Ethel
Nolan, J. Bennett
Norton, Mrs. H. H.
Okie, John M.
Porter, J. D.
Powell, E. A.
periodicals were contributed to the
Number of Volumes
Value
1
11.00
31
45.00
1
1.00
1
1.00
1
1.00
1
1.50
1
1.00
1
1.00
50
15.00
1
1.00
2
2.50
8
10.00
1
5.00
2
5.00
5
3.00
1%
23.00
1
1.00
2
3.00
6
2.00
1
2.50
7
5.00
1
1.00
6
10,00
52
80.00
2,
6.00
8
16.00
96
40.00
42
DONATIONS TO LEBANON VALLEY COLLEGE
FOR SPECIAL PURPOSES
YEAR ENDED JTJNE 30, 1945
Booka, (Continued)
Reed, J. B., Jr.
Richter, Conrad
Roop, H. TJ.
Ruebuah, W. H.
Sachs, Mary
Sohultz, Geo. W.
Searer, Fred J.
Shearer, Daniel
Shenk, Esther
Shenk, H. H.
Sheriff, W. E.
Speasard, K. 0.
Sprague, ¥jrs , Rathburn
Stine, Clyde S.
St ruble, George G.
Swope, Pierce E.
Thayer, Theodore
Underwood, Elmer
University of California Presa
University of Pennsylvania Press
Wheeler, Robert
Whiteman, l!axwell
United Brethren Church
United Brethren Sunday School, Annville
United Brethren Church W. M. A.
Business Organizations
Government Publicationa
Associations
Periodicals t
American Red Cross
Annville Rotary Club
Balsbaugh, E. M.
Bender, Andrew
Bible Department
Biology Department
Bnai Brith
Book Department
Chemistry Department
College Office
Derickson, S. H.
Evangelical Congregational Church
First National Bank, Lebanon
German Department
Hammond , D . H .
History Department
Lebanon Chamber of Commerce
Number of Volumes
2
1
5
2
2
1
1
84
1
1
1
1
52
1
2
11
1
38
23
43
589
1
1
1
3
1
5
1
10
1
8
2
1
1
1
1
1
1
43
DONATIONS TO LEBANON VALLEY COLLEGE
FOR SPECIAL PURPOSES
YEAR ENDED JUNE 30, 1945
Number of Volumes
Value
Periodicala, Continued i
Lebanon Boy Scouts
Light, V. Earl
Loser's Music Store
Lynch, Clyde A.
Llyers, Helen Ethel
Psychology Department
United Brethren Church
United Brethren Church, Annville W. M.
Zerby, Alton B.
Miscellaneous
General J
Light, V. Earl, Jr.
Shelley, Charles
1
1.10
1
5.00
1
1.00
9
21.60
4
10. Op
3
19.00
4
4.55
L.
1
.50
1
1.60
47
112
60.00
1336.40
Wh:
Lte Falcon Pile
110.00
Pamphlets
5.00
115.00
FOR MONTGOMERY MEMORIAL ROOM IN LIBRARY
Gifts :
Best, H. A. — Chair
Cummings, Hubertus — Three Shakespeare prints
Okie, John — Terry Clock
Schultz, G, E. — Twenty-four items
Wheeler, R. M. — Dinner Bell
$3.00
30.00
75.00
20.00
10.00
$138.00
44
MALYSIS OF HEAT DIG FUffiT EXPENSES
YEAR ENDED JUITE 30, 1945
Fuel, including freight and drayage f 6, 074. 75
Less, inventory, June 30, 1945 1,244.00 5^4,830.75
Hauling ashes • ~ 35.50
Insuranoe 26.34
Light and Power 405.03
Mi s 0 e 1 laneous 2 . 00
Repairs 518.08
Supplies 130.72
Telephone 64.38
Wages 1,040.60
Water 66.17
Distribution of Heating Plant Expensea
Heating Physical Plant
Heating Donnitoriea
ANALYSIS OF FARM SURPLUS ACCOUITT
YEAR ENDED JUNE 30, 1945
EAST BERLIN FARM
Surplus July 1, 1944 $1,357.23
Deduct, Net Loss for Currant Year ■ 88.17
Surplus, June 30, 1945 $1,269.06
SHIRSI^IAMSTOTO FARM
Deficit, June 30, 1945 466.33
Total Farm Surplus, June 30, 1945, Exhibit A, Section V #802.73
45
FABIl R3P0RT, YEAR EI-^ED JUITE 30, 1945
EAST BERLIN FARM
IN'COffl
1 W. Denton Myers— 89 3/4 bu. wheat at ?1.40 !5125.65
2 W. Denton Myers— 110 l/3 bu. wheat at |1.40 154.46
42 3/8 bu. oats at |.75 31.78
yr. Denton J^yers— 105 15/56 bus. corn at |1.25 131.58
Vf. Denton Myers --46 24/56 bu. com at |1.25 58.04
Total Income .f501.51
EXPENSES
1944
iug.
18
Sept.
. 1
It
7
It
26
Lewis L. Smith — Pump repairs $49.56
Roy C. Garber — School tax for 1944 54.91
V{. Denton liyors — 8 tons hydrated lime at ."JH.OO 88.00
Yl, Denton Myers :
2 tons 3-12-6 fertilizer at $36.50 73.00
1 1/2 bushel Timothy seed at f4.50 6.75
)ct. 24 1 1/2 tons 3-12-6 Fertilizer at -$36.50 54.75
1945
Fan. 12 Jacob Zell — Painting rooms 18.25
^eb. 16 V. Y. Brandt— 1 l/4 bu. alfalfa 36.25
,!ar. 14 'N. Denton Myers — 1 l/2 bu. clover at |27.00 40.50
" 26 15 bu. seed oats at §1.26 18.75
2 tons 3-12-6 fertilizer at $36.50 73.00
i,pr. 27 Roy C. Garber — County, Road and Poor Tax 39.94
5ay 5 J. Monroe Danner— Insurance 22.52
lune 12 V. Y. Brandt — 1 bu. Funk Hybrid Com 9.00
1/2 bu. Ohio W17 Hybrid Corn at |9.00 per bu. 4.50
Total Expenses $589.68
Net Loss before Depreciation f88.17
46
REPORT OF 1943 CAI^fPAIGN PROMOTION PUKD
YEAR ELIDED JUNE 30, 1945
XKCOllfi
Reoeived from E. II. Funkhouser #1,344.13
EXPEl'ISES
1944
Aug. 21 Lebanon Valley College — Expenses incident to
Campaign ;^24.25
1945
Feb. 20 R. Elizabeth Reiff — Entertainment, Harrisburg
Group meeting 3.00
" 20 Barbara Kolb — Entertainment, Harrisburg
Group meeting 3.00
" 20 Ruth Karre — Entertainment, Harrisburg Group
meeting 3.00
" 20 Clyde A. Lynch — Luncheon, Harrisburg Group 33.85
Mar. 9 Clyde A. Lynch — Expenses to Lancaster 5.82
" 13 Clyde A. Lynch — Luncheon, Harrisburg Group 25.92
May 5 Clyde A. Lynch — Expenses to Sunbury 3.78
" 10 Lebanon Valley College — Campaign expenses 41.70
" 10 Clyde A. Lynch — Harrisburg meeting 20.77
June 20 Barbara Kolb — Duplicate issued for check lost 2.50
167.59
Less check cancelled (Barbara Eolb) 2.50
Excess of Income over Expenses for Current Year
Deduct, Deficit July 1, 1944
Surplus, June 30, 1945, Exhibit A, Section V ^5.72
47
AUDITING COiaaiTEE HSPORT
To the Board of Trustees of Lebanon Valley College:
Gentlemen I — As has been the case for a nixmber of years past, your
Auditing Committee secured the sei-vices of a certified public accountant
to audit the accounts of S. H. Deriokson, Treasurer of the College.
The audit ivas made by Charles E. Procasco, C.P.A., of Harriaburg, Pa,
T/e submit as our report his certification, which follows:
P. B. Gibble
J. E. Oliver
M. R. Fleming
Committee
REPORT OP THE AUDITOR
Board of Trustees,
Lebanon Valley College,
Aimville, Pennsylvania.
Gentlemen:
I have made an examination of the accounts of Lebanon Valley College
for the year ended June 30, 1945, also the balance sheet, statement of in-
come and expenses and relative statements included in the foregoing report
of your Finance Committee.
In connection therewith, cash receipts and disbursements for all funds
were audited and cash balances confirmed. IJotes and accounts receivable
v/ere verified but not confirmed and are shovm at book values, v;ith adequate
reserve provisions for uncollectibility of the latter. Plant additions
were determined to be proper capital charges.
Investments were examined or otherwise accounted for. Acquisitions to
June 30, 1942 are stated in the aggregate at an amount equivalent to the
book value of the funds v.'hich they represent. Pursuant to Finance Committee
action, securities purchased subsequent to June 50, 1942 are shown at cost.
Ey similar action, securities sold within the current year vfere credited to
the inves+rient account at book values. A decline in the endowment fund of
?' 12, 278. 98 resulted from these transactions.
I'Totes payable were confirmed and all other ascertainable liabilities
computed and included in the accompanying balance sheet.
In addition thereto, I made a review of the accounting procedures of
the College and examined or tested accounting records and other supporting
evidence by methods and to the extent deemed appropriate, but did not make
a detailed audit of the transactions.
In my opinion, the accompanying balance sheet, statement of income and
expenses and relative statements, present fairly the financial position of
Lebanon Valley College at June 30, 1945, and the results of its operations
for the year ended that date, in accordance with accepted principles of
accounting applied on a basis consistent v/ith that of the preceding year.
Respectfully submitted.
C. E. Procasco
Certified Public Accountant
Harrisburg, Pennsylvania
August 29, 1945
48
student Enrollment, 1944-1945
COLLEGE:
Full-time Students;
Seniors
Juniors
Sophomores
Freshmen
Specials
Part-time Students;
Freshmen
COUSERVATORY:
Full-time Students;
Seniors
Jxiniors
Sophomores
Freshmen
TOTAL
SPECIALS lU tfUSIC—Part-time
EVENING mo SATURDAY CLASSES
EXTE1>ISI0N COURSES
Total in all Departments
Names repeated
NET ENROLDffiNT
Ken
Vfomen
Total
8
17
25
4
18
22
11
r- 15
26
31
37
68
-
1
1
54
88
142
2
1
3
56
89
145
2
15
—
10
1
19
5
21
8
65
73
64
154
218
51
101
152
30
46
76
12
105
117
93
252
345
157
406
563
14
21
36
143
385
528
49