Office of the President
April 7, 1970



1-'I
K)



Members, Board of Trustees:

              INTERIM FINANCIAL REPORT



Recommendation: that the financial report for the eight months ending
February 28, 1970 be accepted,

Background: The February 28, 1970 report reflects income of
$70, 178, 906 for the period of the report; the income figure is 73. 3%
of the annual income estimate of $95, 796, 774.

The expenditure and commitments represent a total of $60, 142, 031 for
this period of eight months, or 62. 8% of the expenditure authority of
$95, 796, 774 approved by the Board.



Action: Approved     X      Disapproved



Othe r



Date:     April 7



'I



, 1970