President H. L. Donovan
iAarch 31, 1947



Page Two



    Changes in the unappropriated general surplus during the period
covered by the report are indicated in the following statement:



Unappropriated Surplus, July 1, 1946



Additions:
   Estimated Income (excluding Plant
     allocation)
   Gain on liquidation of prior year
     encumbrances and receivables
   Insurance Claim adjustment


Deductions:
  Department Appropriations
  Increases in reserves for
     inventories and work accounts
Unappropriated Surplus, February 28, 1947



Consisting of balances to credit of -
  Division of Colleges
  Agricultural Experiment Station



$ 546,691.35



$4,990,734.43

    3, 485.91
      875.00 4.995.095.34
              $5, 541,786. 69


$4,908,207.94

   131,899.76 5,040,107470
              $ 501,678.99



$  17,285i58
  484, 393.41
$ 501, 678.99



Respectfully submitted,



Frank D. Peterson
Comptroller