5.



caused many in the.neighborhood of institutions to take their work
near home.   I do not see any immediate prospect df reducing fees
in the near future.   The costs of maintaining the University are
much higher than those of the teachers' colleges.

     Many of these cost items have been increased.   The water bill
has been increased 40, over that of last year and the cost of coal
has been increased considerably, and probably will cost the Uni-
versity $5,000 or $6,000 more than last year.   This is equivalent
to the cost of two good instructors.

    I have been carrying the University in my own mind from month
to month and hoped each time we could meet the expenses of the
next thirty days.   Things have worked out much more satisfactorily
than I supposed at the beginning of the year.


     3. Financial Report.

     The financial report for March was filed and ordered to be
recorded in the Minutes.   It reads as follows:


                                            EXHIBIT "B"


             Statement of Income and Expenditures
                    Month of March, 1935



                            Previously
                            Repbrted

General Fund Income
  Federal Appropriation    35,625.00
  Int. on Endowment Bonds   8,644.50
  Int. on Lib, Loan Bonds     850.00
  Vocational Ed. Board     12,120.23
  State Appro. - Back Sal-
    aries                  71,100.00
  State Appro. - Repair to
    Buildings               3,613.24
  State Appro. - Summer
    School                  9,000.00
  Special Agr. Appro.      18,300.40
  State Appro.-General    450,920.29
  Student Fees            193,494. 76
  Student Fees - Sum.Sch. .40,448,24
  Student Fees - U.H.S.     8,645.00
  Student Fees - El.Tr.Sch. 6,984.00
  Student Fees - Un. Ext.  16,148.15
  M'iscellaneous Receipts   6,508,25
  Rentals                   2,147.60
  Men's Dormitories        13,876.60
           Total          898.426.26



Current
Month



Fiscal
Year
To Date



7,125.00    42,750,00
             8,644,50
               850.00
4,060.03    16,180,26

            71,100,00

            3,613.24



    699.15
51,538.96
6,962.85
   188.75
   690.00
   36.00
 3,576.50
 2,408.39
   200,80
 1,028.05
 78,383. 48



  9,000,00
  18,999,55
502,459.25
200,457.61
40,636,99
  9,335.00
  7,344,00
  19,724,65
  8,916.64
  2,348,40
  14 904.65