Skip to main content

Full text of "Lebanon Valley College Report of the Finance Committee 1945"

See other formats


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