University of Virginia Library

(1) FINANCIAL

                     

RECEIPTS
Cash Receipts	$53,662.39
Allowance for Heating Art Laboratory and Kimball Residence from the Cafeteria	285.47
Inventory of Provisions, June 4, 1921	802.22
	54,750.08
EXPENDITURES.
Provisions, Labor, Salary of Manager, etc.	47,818.85
Estimate of unpaid bills for the session	1,000.00
Amount expended for alterations in building & for equipment needed to begin operations	2,975.37
Total Expenditures		$51,794.22
Balance Surplus		2,955.86

The item of $2,975.37 for alterations in building,
and equipment necessary to begin operations represents a
capital outlay and, under a strict system of accounting,
should not be charged to operation. An appropriation of
$3,000.00 to cover this item was carried on the University
budget for the fiscal year ending June 30, 1921. We have,
however, included it under operating expenses of the Cafeteria
and because of its inclusion here the deficit in the
budget for the fiscal year ending June 30, 1921 will be
reduced by this amount.