Proceedings of the Board of Regents (1864-1870)

371
To the Ifonorcable Bcar'd of lRegenzts of the University oj
]Michiganc
The Finance Committee submit a statement of the financial condition of the University on the 30th day of June, 1869,
the close of the fiscal year.
The receipts into the Treasury for account of the General
Fund have been as follows:
Balance in Treasury July 1, 1868.................$12,028 88
(Nearly all of which would be required to pay
Salaries due that day).
Received during the year from the State Treasurer
on account of the University Int. Fund....... 48,434 88
This amount is about $10,000 in excess of the
annzal interest on the fund, being about the
sum usually remaining in the State Treasury
at the close of the fiscal year, but fully paid
this year..................................
Received for Students fees, diplomas &c......... 22,009 00
Ieceived of Prof. Wood on account of loan for
purchase of Engineering Instruments....... 142 12
Received for an old building at White Pigeon..... 130 00
One half of State Aid for 1869.................. 7,500 00
$90,244 88
DISBU RSEEN'1'S.
For Salaries.................................. $43,658 56
account General Library.................... 1,100 00
C" " M edical ".................... 200 00
" " Law.................... 500 00
" " Addition to Laboratory............. 3,500 00
" " Shelving in Library................. 1,000 00
(" " 3iMedical Building Warrants.......... 2,708 67
" Int. on same....................... 189 60
" " Restored to Reserve Fund.......... 2,310 00
"' " Contingent Expenses................ 13,401 01
Balance in Treasury to Credit of the General Fund 21,677 04
$90,244 88
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