33



      Current operating expenses increased in the amount of $801,634, and will
provide for Departmental expansion, new services, and the mounting cost of
utilities, materials and supplies.

      The net decrease from the 1959-60 appropriation in the equipment and im-
provement object classification is due to the Agricultural Experiment Station
non-recurring capital expenditure totaling $73,164. This expenditure represent-
ed the purchase of equipment required for the operation of farms and substations.


III. Auxiliary Enterprises

     Estimated income from the operation of residence halls for the fiscal year
1960-61 totals $795, 043.

     Appropriations for the operation and debt service charges total $788, 547.
Trhe unappropriated income balance is a reserve for future debt service charges
and vacancy losses.


                        Total              Personal     Operating      Debt
Residence Halls         Appropriations     Services      Expenses      Service

Men's Residence Halls   $362,417           $ 55,160     $114,740     $192,517
Women s Residence Halls 293, 350             78,890       104,460     110,000



Women' s Residence
Halls -Commis sary



Totals



132, 780           52, 350       80, 430

$788,547          $186,400      $229,630     $302,517



     Additional detail pertaining to the residence halls will be found in the sum-
maries on pages three and five with income and expenditures by each dormitory
on pages 128 through 137.


III. Plant Fund

     The amount of bonds outstanding and payable on June 30, 1960 will be
$12, 696, 500. Authorization to issue additional bonds total $450, 000 (Alpha Gamma
Rho $150, 000, Sigma Chi $150, 000, and Sigma Nu $150, 000. )

     The $861, 191 needed to meet the 1960-61 bond indebtedness obligation is
shown as follows:

                   Funds Provided From          Amount

                   Student Fees                $ 64,041
                   General Stores                24,305
                   Auxiliary Enterprises        284,929
                   Restricted Fund Transfers   289,497
                   Rental Income                198,509



T otal



$86 1, 19 1