University of Virginia Library

RESOLUTIONS ADOPTING THE BUDGET FOR FISCAL YEAR 1928-29

RESOLVED, That the budget for the University of Virginia
for the fiscal year 1928-29, presented by the President,
be and the same is hereby approved, and the increases in
salaries as shown therein are recommended to the Governor
for his approval in accordance with the provision of the
Act of the Legislature of the session of 1926.

That the appropriations therein contained for personal
services shall be payable as follows:

For officers of administration and administrative employees,
deans and directors of departments, the appropriations are
for the fiscal year beginning July 1, 1928, and shall be
paid in twelve monthly installments beginning July 31, 1928:

For the members of the teaching staff of the regular
session, the appropriations are for the session beginning
September 15, 1928 and ending June 15, 1929, and their
salaries shall be paid in nine equal installments; the
first of such payments to be made on October 15, 1928:

For the members of the teaching staff of the Summer
Quarter, the appropriations are for the quarter
commencing June 19, and ending September 1, 1928, and the
same shall be paid at the close of each of the terms
of the said Quarter:

In order that the appropriations made for contractual
services, supplies, materials, equipment, etc., to the
several departments and laboratories may conform to those
made in the State budget, in so far, as may be practicable,
the same shall be for the State's appropriation year,
beginning March 1, 1928 and ending February 28, 1929,
and any balances that may have been either to the credit
or debit of such laboratories as of March 1, 1928, shall
be cleared from the said accounts.

[Financial Budget follows on Page 332]

[Insert, Page 496, Minute Book]

RECAPITULATION OF EXTIMATED INCOME 1927-28; 1928-29.

                                             

INCOME ESTIMATES		1927-28	1928-29	Incr.	Decr.
FROM ENDOWMENT INCOME & GIFTS:
I.	Endowments - Unrestricted	113,927	112,763		1,164
	Endowments - Restricted	84,752	87,482	2,730
II.	Students Loan Notes	11,600	11,600
III.	Gifts	57,675	77,975	20,300
IV.	Carnegie Foundation - Retirements	21,190	19,880		1,310
V.	Miscellaneous	3,000	4,100	1,100
		292,144	313,800	21,656	Net.
FROM REVENUE AND STATE:
I.	Students Fees & Rents	349,575	397,592	48,017
II.	Summer Quarter	55,025	66,400	11,375
III.	Hospital	174,685	174,685
IV.	Cafeteria	55,000	55,000
V.	Blandy Farm	10,500	8,000		2,500
VI.	Lectures & Entertainments	7,285	8,000	715
VII.	Miscellaneous	26,140	35,740	9,600
		678,210	745,417	67,207	Net.
	Total Revenues	970,354	1,059,217	88,217	Net.
	State Appropriations	378,690	434,135	55,445
	Total Available	1,349,044	1,493,252	144,308	Net.
Total Estimated Expenditures		1,490,050
Surplus		3,302

RECAPITULATION OF ESTIMATED EXPENDITURES 1927-28; 1928-29

                                                     

	EXPENDITURES ESTIMATES:	Page No.	1927-28	1928-29	Incr.	Decr.
I.	Administration	8	66,360	66,350		10
II.	College & Graduate	10	317,655	347,545	29,890
III.	Education Medicine	15	114,410	153,076	38,666
IV.	Engineering	18	40,300	42,625	2,325
V.	Education	19	19,965	21,010	1,045
VI.	Law	20	40,060	45,290	5,230
VII.	Physical Education	21	13,047	14,442	1,375
VIII.	Summer Quarter	22	89,225	98,225	9,000
IX.	Library	24	23,110	35,730	12,620
X.	Extension	26	47,750	48,975	1,225
XI.	Hospital	28	245,450	246,667	997
XII.	Buildings & Grounds	30	85,777	92,585	6,808
XIII.	Power Plant	32	37,557	38,508	951
XIV.	Int. & Sinking Fund	33	17,595	22,385	4,790
XV.	Publicity & Publ.	33	8,925	6,800		2,125
XVI.	Pensions & Ann's	34	23,440	27,680	4,240
XVII.	Scholarships	35	25,277	26,062	785
XVIII.	Lectures & Concerts	36	11,65	12,146	501
XIX.	Students' Loans	36	15,100	14,700		400
XX.	Laundry	37	16,390	15,365		1,025
XXI.	Cafeteria	37	55,000	55,000
XXII.	Inst. for Research	37	29,450	27,500		1,950
XXIII.	Blandy Exp. Farm	38	20,750	20,124		626
XXIV.	Refunds, Tuition & Rent	39	11,500	1,500
XXIX.	Inst. Public Affairs	39
Total		1,364,238	1,490,050	125,812	Net.

ESTIMATED RECEIPTS 1928-29

                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

	1927,28 Budget	1928-29 Estimates	Increase	Decrease
INCOME - ENDOWMENTS AND GIFTS:
ENDOWMENTS:
I. GENERAL - INCOME UNRESTRICTED:
Alumni Memorial Fund	40,000	40,500	500
Austin Estate	20,000	24,000	4,000
Adkins Donation	6	6
Blackwood Memorial	300	300
Centennial Endowment	27,000	22,000		5,000
Coolidge	1,300	1,300
Herd	7	7
Ingle	50	50
James	13,500	13,500
Muir, John A.	3,000	3,500	500
Parrish	3,300	3,300
Payne Donation	5,164	4,000		1,164
Smith	300	300
	113,927	112,763	5,000	6,164
RESTRICTED:
1. Professorships;
Linden Kent	3,600	3,600
John B. Cary	2,500	2,500
	6,100	6,100
2. Departmental:
Art (Sachs Fund)	206	206
Art and Music (McIntire)	9,700	9,700
Astronomy (Vanderbilt)	4,900	5,000	100
Biology & Agr. (Miller)	5,250	5,250
Com. & Bus. Adm. (McIntire)	10,500	10,500
Com. & Bus. Adm. (Porcher)	60	60
Education (Curry)	4,600	4,600
Engineering (Johnson)	5,000	7,000	2,000
Engineering (Scott)	200	200
Hospital (Elizabeth H. Purcell)	300	300
Hospital (Lilia A. Bennett)	300	300
Medical (Cabaness Chair Nursing	3,000	3,000
Physics (Rogers)	70	70
Philosophy (Corcoran)	6,000	5,500		500
	50,086	51,688	2,100	500
3. Libraries:
(a) General Purposes:
Gordon	315	315
Green	7,600	7,600
Madison	156	156
Tree	300	300
(b) Book Funds:
Bruce - English	340	340
Byrd	840	840
Fuller - Law	500	500
McKeldin - philosophy	70	70
Minor - Law	530	530
Tunstall - Poetry	500	500
	10,951	10,951
4. Memorial and Grounds:
Senff - Grounds	303	303
McConnell Status	33	33
	336	336
5. Scholarships and Fellowships:
Albemarle Chapter D. A. R.	65	65
Louis Bennett - Law.	252	252
Valentine Birely	340	340
J. Thompson Brown	90	90
T. P. Bryan Memorial	300	300
H. C. Cabell	94	94
Geo. Cameron (Centennial Endmt)	300	300
Isaac Cary	580	580
Kate Cabell Cox	74	74
Richard Eppes Mem (C'l E't)	250	250
E. J. Folkes	2,200	2,200
Elizabeth B. Garrett	292	292
B. W. Green	1,200	1,200
W. A. Herndon	1,050	1,050
W. E. Homes	57	57
Jas. R. Humphrey	300	300
J. Y. Mason Fellowship	400	400
E. M. Magruder		60	60
Samuel Miller	750	750
Hollis Rinehart	300	300
Phelps-Stokes Fellowship	875	875
W. H. Rives Fellowship	250	250
Roper (Centennial Endowment)		250	250
Isabella Merrick Sampson	130	130
Jas. H. Skinner	2,600	2,600
R. H. Whitehead	730	730
Jesse Parker Williams	600	600
	14,079	14,389	310
6. Lectureships:
Barbour-Page	1,100	1,100
John W. Richards - Religion	600	1,400	800
Wm. H. White Memorial - Law	880	900	20
	2,580	3,400	820
7. Construction:
Poe Memorial	6	6
8. Prizes:
Rector & Visitors (Rinehart Gift)	104	104
John Horsley (Medicine)	500	500
Wm. Jennings Bryan	10	10
	614	614
Total Income on Endowments Restricted	84,752	87,482	3,230	500
II. STUDENTS LAON NOTES & INTEREST:
State Fund	4,500	6,000	1,500
Harvard Fund	1,000	1,000
Lee Fund	2,500	2,500
Wright Fund	200	200
Seven Society Fund	400	400
Harrison Fund	200	200
Lynchburg Alumni Fund	200	200
Kiwanis Fund	100	100
Bennett Fund	2,500	1,000		1,500
	11,600	11,600	1,500	1,500
III. GIFTS:
Gen'l Ed. Board for Salaries	8,000	8,000
Commonwealth Fund for Pediatrics	6,000			6,000
S. A. Mitchell for Astronomy	4,825	5,225	400
Laura Spelman Rockefeller Foundation for Research in the Social Sciences	27,500	27,500
Richmond Alumni for Research Professor of History	3,500	3,500
Thos. F. Ryan Scholarships	3,000	3,000
D. J. Hennesssy Scholarships	500	500
Seven Society Alumni Scholars'p	350	350
Du Pont Fellowship	750	750
Kiwanis Club Loan Fund	100	100
C. H. Harris Loan Fund	100			100
Lelia A. Bennett Loan Fund	2,500			2,500
C. M. Blackford Prize	50	50
Gen'l Ed. Board for Medical Education		28,500	28,500
U. D. C. for Woodrow Wilson Sch	500	500
	57,675	77,975	28,900	8,600
IV. RETIRING ALLOWANCE FUND:
Carnegie Foundation	21,190	19,880		1,310
V. MISCELLANEOUS:
Int. one Endowment Cash		800	800
State Appro. for Loan Fund	3,000	3,000
Int. on Bank Deposits		300	300
	3,000	4,100	1,100
Total Income Endowments and Gifts	292,144	313,800	38,230	16,574
ESTIMATED RECEIPTS - GENERAL:
I. STUDENTS FEES AND RENTS:
University fees - all depts	105,000	105,000
Tuition - College, Graduate & Educational Studies	90,000	120,000	30,000
Law Department	45,000	47,500	2,500
Medical Department	40,000	47,000	7,000
Engineering Department	14,000	16,000	2,000
Extension Fees	17,375	17,375
Dormitory & Furniture Rent	15,000	15,000
Special Examinations	400	400
Laboratory Fees:
College:
Art & Architecture	1,000	1,000
Biology	2,500	2,500
Chemistry	9,000	9,000
Geology	300	300
Physics	1,800	1,800
Medicine:
Dept. of Internal Medicine		1,517	1,517
Dept. of Surgery		5,000	5,000
Anatomy	1,400	1,400
Bacteriology and Pathology	700	800	100
Biochemistry	1,000	900		100
Clinical	500	500
Histological	500	500
Pharmacological	600	600
Physiological	600	600
Engineering	2,300	2,300
Physical Training
Locker Fees	600	600
	349,575	397,592	48,117	100
II. SUMMER QUARTER:
Registration & Tuition Fees	39,000	51,100	12,100
Laboratory Fees	5,000	4,500		500
Medical Fees	1,700	1,800	100
Dormitory Rents	3,125	3,800	675
Miscellaneous	1,200	1,200
Entertainments	5,000	4,000		1,000
	55,025	66,400	12,875	1,500
ESTIMATED RECEIPTS - GENERAL:
III. HOSPITAL RECEIPTS:
Private Rooms	70,000	70,000
Wards	65,000	65,000
Operating Rooms	12,000	12,000
Dressings and Drugs	3,000	3,000
Ambulance	500	500
X-Ray Department	5,000	5,000
Clinical Department	3,500	3,500
Electric Cardiagraph	165	165
Physio-theraphy	2,000	2,000
Special Nurses Meals	5,000	5,000
Out-Patient Department	1,500	1,500
Sales Educational Supplies	1,000	1,000
Miscellaneous	2,000	2,000
Donations by Staff for Stenographic help	1,020	1,020
From City of Charlottesville	2,000	2,000
From County of Albemarle	1,000	1,000
	174,685	174,685
IV. CAFETERIA:
Receipts from meals served	55,000	55,000
V. BLANDY EXPERIMENTAL FARM:
Income from Operation:
Sale of Applies	6,500	5,000		1,500
Sale of Provender	2,000	1,500		500
Rent of Pasture	2,000	1,500		500
	10,500	8,000		2,500
VI. LECTURES AND ENTERTAINMENTS:
McIntire Concerts	6,785	7,500	715
Ensemble Concerts	500	500
	7,285	8,000	715
VII. MISCELLANEOUS:
Bureau Tests & Measurements	300	100		200
Interest on Students Notes	600	600
Interest on Bank Deposits	800			800
Electric Current Sales	7,000	7,000
Rents from Residences, Etc.	7,500	7,200		300
Rent from Entrance Building, (net - Gross)	1,200	5,100	3,900
Rent from Apartment House (net - Gross)	2,500	10,000	7,500
Rent from C & A Loop	240	240
Heat Sales to Residences	6,000	5,500		500
	26,140	35,740	11,400	1,800
VIII. STATE APPROPRIATIONS:
For Educational Purposes General	280,590	316,790	36,200
For Operation of Hospital & Laundry	88,100	87,330		770
Sinking Fund and Interest	10,000	22,515	12,515
Remodelling Library Building		7,500	7,500
	378,690	434,135	56,215	770
Total Estimated Receipts - General	1,056,900	1,179,552	122,652	(Net)
Income from Endowments and Gifts	292,144	313,800	21,656	(Net)
Total Available	1,349,044	1,493,352	144,308	(Net)

(Continued in Minute Book No. 10.)