UNIVERSITY SHOWS BALANCE

The annual statement of the financial affairs of the University for the year ending June 30, 1916, has been published by the Treasurer. Although the income of the University is $84,182.94 less than in 1914-15, the expenditures have been reduced $200,491.19, and the result is a balance of $9,973.08 instead of a deficit of $13,396.90.

During the year ending June 30, 1916, gifts "for capital," either establishing new funds or increasing old ones, have amounted to $1,652,189.03. This is an increase of $866,362.96, but the gifts "for immediate use" have decreased from $434,195.21 in 1914-15 to $283,457.56 in 1915-16.

The total income of the University, including the income from funds and gifts, which is $1,787,957.20, and the general income from tuition fees and rents, was $2,935,419.65. Tuition fees made up $769,944 of this total, and the rent of College dormitories yielded $162,451.12. The expenditures totaled $2,961,267.36 or, subtracting the deficit of restricted income met by charges against funds and gifts, $2,925,446.57.

The largest expenditure by any one department was an amount of $1,167,228.28 used by the College, including the Graduate School of Arts and Sciences. The credit surplus in this department was $63,270.65, an increase over the $62,562.07 of the previous year. The library was run at a deficit of $51,540.12, $26,751.46 being spent on new books. $600,090.04 was the amount expended on salaries for instruction.