March 31, 1947



President H. L. Donovan
University of Kentucky
Lexington, Kentucky

Dear President Donovan:

     I submit hereto attached the University Financial Report for the
period of eight months ended February 28, 1947.

    Exhibited below are summary statements of general income and
expenditures:



Income:
   Division of Colleges (Gross)
   Agricultural Experiment Sta.
   Agricultural Extension Div.
       Totals



Expenditures:
   Division of Colleges
   Agricultural Experiment Sta.
   Agricultural Extension Div.
       Totals



Budget



Per Cent of



Estimates      Income      Estimates

$3,665,e53,37 $2,670,181.54   72.8%
   666,967.80    525,681.35   78.8
 1.235,240. 76 1,172,740.76   94.9
 $5, 568,061.93 4, 368 603.65  78.5

 Dept.Appro-               Per Cent of
_priations     Expenditures Estimates

$2,9795,966.08 $1,731,335.22  57.8%
   677,001.10    444,641.53   65.6
 1,235,240.76    707,766.26   57.3
 4 908 207.94 $2,883 743.01    58 8%



     General income of the College Division amounting to $577,327.50
has been allocated to the Plant Fund.

     The total general income realized during the first eight months
of the fiscal year 1945-46 amounted to $3,093,370.93.  The current
year realization exceeded that for the corresponding period of the
preceding year by 41,2%.

     The charges against departmental appropriations during the first
eight months of the fiscal year 1945-46 were $2,145,069.51. The
current year charges during the same month exceeded the prior year
figure by 34.4j.

     Unencumbered state revolving fund balances on February 28, 1947
amounted to $912,822.93, consisting or balances to the credit of the
Division of Colleges of $275,712.48 and balances to the credit or the
Agricultural Experiment Station rf *537,110,45.

     Plant Pund expenditures during the period covered by the report
amounted to $244,325.91j