ML19347F829
| ML19347F829 | |
| Person / Time | |
|---|---|
| Site: | 05000294 |
| Issue date: | 05/14/1981 |
| From: | MICHIGAN STATE UNIV., EAST LANSING, MI |
| To: | |
| Shared Package | |
| ML19347F828 | List: |
| References | |
| NUDOCS 8105260414 | |
| Download: ML19347F829 (98) | |
Text
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O FINANCIAL REPORT 1979-80 3 ;
Michigan State University ;
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MICHtGAN STATE UNIVERSITY soano or TRusTras JOHN & BRUFF BLANCHE MARTIM DDS '
Charperson East taw Fraser AUBREY RADCLIFFE Ph D.
RAYVOND W KROUKOWSK! Eastlar:seg Vee Charperson Bsmny:am BAPBARA SA*YER Menornree
- PETER S FLETCHER vastano JACK M STACK MQ
' Auna CAROLE UCK Katmazoo a
EXECUTIVE OF1CGts CECL uACKEY JCSEPH E OfCKINSON Prescem Vee Prescert for W CLARENCE L W1NDER Preves em vce Prescert for W!LLIAM SCHONSE1N Acacernc A"ars AcDng Vee Presce't f7 KENNETH W THOuPSON Vce P esced for Finance CONN'E W STEWART.
am Oceradens am Treasurer Vce Prescert fcr Urwersty Marons JACK BRESUN Vce Prescertfcr Ac--a&m uOSES TURNER am Pucec A4 ass Vce P escers fer Stuwt A.*ars JCHN E CANTLCN Vee P esced for Research LOU ANNA SVON are Grata:e Srees Assmart to :ne P escert LELAND W CARR. Jr.
Gene ai Counsei ELUOTT Gt BALLARO Ass.1;:a t to the Presced at Secretary to tae Boarc ct Trustees FINANCIAL ADANNIsTRATIVE STAFF KENNETH W THCVPSON DAVID B. SRC'tER Vce Prescert for Fcance Asssa a CN anc Operatons are Treasver NANCY C. ELUOTT ROGER E W*LKINSON Drector et thesmeres am Trus:s Aumate W:e Prescert for Busress are Fe.arce HOWARD G GRiDER Drec!cr d Contract anc Grart THEODCRE B. SIMON Acmns:ra!Crt Asssact Vce Prescert -
for PW P'a1 OCROTHY 1 HOPKIN 04ector at Da:a Processrig STEPHEN 9 TEARY Assstart Vce Prescert JOVN L LEWIS .
tar Friance Drector et Urwers.ty Senaces LYLE A. THOABURN - ROBERT M LOCKHART Assstart vce P esce<t ta Drector et Budgets W es RC6ERT E wtNNER LOWELL E Levi Drecter d was Auct-Coreose, Ornce d the Prescert JONAS E COCK Assstart Corcoser
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l Michigan State University l
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- College IIall(above) was the first building in ;
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Agricultural College in the 1920s and the aerial . ; s* '
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photo (below) taken in the 1970s illustrate the
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dramatic physical changes that have taken place in the institution's 125-vear history.
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FINANCIAL REPORT 1979-80 Michigan State University l
S eedlings emerged this spring from 2.,of seeds taken from one of 20 bottles that botanist O the 1.000
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William J. Beal buried on campus 101 vears ago. + j. .
in an experiment to determine how long seeds remain '- < v % . A ..
fertile.
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The sprouts provided an eloquent tribute to the 1N . # f
- 'p continuing vigor of a university marking its 125th
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The seeds' successful performance was a silent testi- ,. ..
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The anniversan uself was commemorated qt ietly.
wnhout fanfare. at a unisersity preoccupied with the .
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presen t. It was a time of transuion on campus: m 4 .- - .-
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- ewu co**ai administration, academics, athlencs and appearance. The first scientist to develop high yielding corn hybrids by In the administratise arena Cecil Atackey became cross-fertilization, botanis William J. Beal began MSU's long-NISU's sixteenth presilent and us first to be officially esi running esperiment by burving 20 seed filled bottles in a inaugurated. Among those attending the November 30 surn campus locaison.
induction ceremony were delegates from other aca-de.nic insutunons and former NISt* presidents John Hannah. Walter Adams, and Edgar Harden. with Clif- 1 (-
ton Wharton stalled by a New York snowstorm. %
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While N!ackev was beginning to lease his mark on XISU historv. the impact of the umversity's longest serving president John Hannah. became more usible.
In Januarv. Hannah s name was finaih affixed to the outside of the Administration Building. officially named for him when it was constructed a dozen sears ..
earlier. And in June. the NISU Press published Han-nah's thoughts on his 28-vear tenure in the book. J Memoir.
NISU has had four presidents in the decade since Hannah retired, a f act some observers consider indica- l tise of the increasing demands insolved in running a major modern universitv. Indeed Robert Clodius, pres-ident of the National Association of State Universities and Land Grant Colleges, commented on the compli-cared life of a university president in his inaugural address. At his elbow. Aggie Howe of NISU's Office of d Handicapper Senices prouded deaf viewers with an Former presidents John Hannah. Walter Adams, and Edgar mterpretation of the televised sp~ch-as well as a us- Harden as well as more than 100 representatives of other aca-ible reminder of the changes the unisersity has under- demic insiirusions attended the November 30 inauguration of Cecil Mackn tscated). MSU's sixteenth president.
gone smce its founding.
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The recentiv completed addition of baghouse The latest buildings to join the more than 3110 structures on campus are the I filters at the MSU power plant became neces- Communication Aru Buildi 2g (topp. which is well underway on Wilson Road.
sarv to remove the flv ash generated when the and the Performing Arts Center (below), beginning to take shape on Bogue plant converted from gas to coal in 1972. Street. The facilities are scheduled to open in 1981 and 1982 respectivelv.
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l Building environments are centrally controlled as part of a campus energy conservation program. MSU's cogeneration power plant uses ' 't. ,
l about 70 percent of its fuel energy to generate electricity and steam heat-ing and cooling: .above, conerol room operators keep the plant at peak performance levels. ==
Energy shortages were unheard of but a building shortage was the
- foremost concern when Ted Simon tright) began working at MSU in 3 1946. "It seemed like we were alwavs behind then-the need was so great (-C for facilities. 'savs Simon w ho. as vice president for the Physical Plant. is in charge of campus building construction, maintenance, and operation.
rom an initial enrollment of 63 students in 1855, with faculty at universities on the more prevalent AISU had mushroomed to a record-high 44,756 semester calendar plus reduced registration expenses enrollment by the 1979 fall term, making it the as additional benefits. A faculty-student task force was state's largest and the nation's third largest institution formed to study the Provost's proposal.
of higher education. For the first time since women were admitted in 1870, female undergraduates outnum. he AfSU Graduate School entered its 50th year bered their male counterparts. basking in a glowing record of outstanding The plummeting enrollments predicted for the 1980s performance by previous scholars-such as were not yet evident at AISU, where academic diversity AISU's first Nobel Prize winner, Alfred Day Hershey, coupled with a sluggish economy and restricted job Ph.D. '34-and the Ms tnbatch of current advanced market hiked student numbers to peak levels. Buoyed degree candidates.
by attractive employment prospects available to its Seven winners of National Science Foundation graduates, the College of Business experienced an (NSF) fellowships enrolled in AISU graduate pro-enrollment increase of nearly 20 percent last year. grams in chemistry, psychology, electrical engineer.
Enrollments in the School of Packaging, the first in ing, zoology, and microbiology and public health.
the nation to offer a packaging degree program, more AISU earned a first-place ranking among U.S. univer-than doubled in the last decade. Engineering pro- sities in the number of NSF fellowships and honora-grams continued to be among the campus enrollment ble mentions awarded to its undergraduates in 1979.
leaders, in direct response to the hiring demands of Since 1973 AISU students have led the Big Ten and business and industry. maintained second place among all U.S. college stu-In a variation of the traditional refrain, deans began dents in NSF grants received.
asking how they could keep faculty down in the depart- During the last 15 years. NSF grants also have ments after they had seen starting pay scales for recent covered construction and operating costs of the AISU graduates. Private sector employers offered graduates Cyclotron Laboratory. A new NSF-funded cyclotron, of some four-year degree programs salaries compara- rated at 500 million electron volts ( AleV), is being con-ble to those of middle-ranked faculty. Administrators structed. In January, a $25.7 million contract between grew apprehensive about convincing enough talented AISU and the U.S. Department of Energy authorized students to enter graduate programs and eventually construction of a second,800 AfeV cyclotron. Operat-fill future faculty openings. ing in tandem, the powerful cyclotron pair will be To enhance AISU's ability to compete with outside repable of heavy ion acceleration. The AISU facility, employers, President Atackey recommended that the s aw known as the National Superconducting Cyclo-trustees award an unprecedented 2 percent mid-year econ Laboratory, is expected to be at full capacity by pay boost to faculty and administrative-professional 1984. It will be used by visiting scientists as well as staff. The salary increases, effective April 1, were to be AISU faculty and will be an a, set in attracting graduate financed by a 1.5 percent cut in base budgets for the students in physical science programs-1980-81 fiscal year. m anticipation of stringent reduc. The School of Nursing was awarded college status, tions in state appropriations to AISU, a position man- helping it keep pace with other U.S. nursing pro-agement program was initiated to review nonacademic grams in the recruitment of faculty, students, and re-positions as they became vacant, with an eye toward search grants. The strong demand for highly skilled eliminating the unessential. nurses in today's complex health care system has In another effort to bolster both academic and eco- sparked a national trend to upgrade professional nurs-nomic resources, a switch from a quarter to a semester ing preparation, with the bachelor's degree evolving sptem was debated by campus academic governance as an entry level requirement. The College of Nurs-groups. In proposing the conversion. Provost Lee ing, which awards both bachelor's and master's Winder called the semester "a better learning expe- degrees, will enhance the university's reputation for rience for students." He cited cooperative research quahiy health programs.
4
The Graduate School - 50 years 7F i y-
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since the 1880s and the first doctoral programs were 5 *; ' ' - (. '
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a I', j, ,' authorized in 1922.
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in 190'2 \f arshall Hall <topi became the first building in g' i
North America devoted to the studv of bacteriologs. In bacteri- Y L- *
. , "'r-ology laboratories like the one shown above. Professor I. Forest 99 > '
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-l Huddleson carned worldwide attention bv descioping a test and '. -g % ' b ireatment for bruccellosis iundulant fever), and graduate stu-4i '
dent tifred Das Hershev began a research career that eventuallv , j ' ; ,, . , ' ' . ,
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\f 50 ranks first in the Big Ten for the number of National i
Science Foundanon iNSF) graduate fellowships awarded to its students since 1973. During the last academic vear. sesen NSF fellows were pursuing graduate degrees in lise \f SU departments. Shown abose. (lockwise frorn upper lef t. the
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NSF fellows and their fields are: Stesen % arach. experimen-g e '
tal psschologs: Owen inderson. roologs: hend, Coolev, f murobiologv and public health: Carl Kircher. themiserv:
David .%firoid, microbiologs and public health; anc: Ramon Sandin, microbiology and public health. Not putured is Deucias Luse, electrical engineering.
gJ N 4- :~ . m,vs w ... m -s: . s vs Roianiss Ernest A. Benes iabosci was the drising force benind N p O9fhI ' [} f the < reation of she Graduase school and served as its first dean. ! ; ! "= t 5 d 4 " d'4Y **""
In his 14-sear deanship. doctoral fields doubled.
l College of Veterinary Medicine
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animals from nearb, farms. To- '* '"
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Clinical Center treats about .
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its brze Animal Clinic as well l as some 15.000 pets in the 5 .all .,,
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Animal Clinic. '
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SU is the only university with three medical schools granting AI.D., D.O., and D.V.Af.
s- degrees.The College of Veterinary 51edicine, celebrating its 70th year, is the oldest campus medical program and the state's only vet school. The college's 4 four-year program trains students in both large and l "
g small animal surgerv and medicine and in optional V specialities such as opthalmology and orthopedics. ,
( M,e' The veterinary profession has grown dramatically since the turn of the century, when most vets lacked formal training, notes C. C. Morrill in the recently
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,Q published Veterinary Medicine in Michigan: An Illus-
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trated Hi. story. In preparing the definitive text Aforrill, pathology chairman emeritus, relied on the MSU h :
Library's Special Collections, which has what some The Library's Special Collections,in the east wing basement, recently received a seven-volume set of John James Audubon's consider the world's finest collection of rare books on The 88rds of Jmerica. Librarian Janneite fiore (above) displays the history of veterinary medicine. the gift which, along with other items housed in Special Collec-
' Last summer, AISU became the first in the Big Ten si ns. may be newed by the pubhc.
to install a computerized library circulation system.
f Using the same technology that is streamlining super- Installation of the three-cable system began in 1979.
' market checkout procedures, a laser scanner reads bar. Parts of the university's central control system, which code labels on identification cards and docur . .its to regulates heat, ventilation, and air conditioning use, be checked out, thereby transmitting information on are currently on line. Data processing and instructional each transaction to a computer. The computer main-televisi n systems are being linked to the cable. AISU's tains records on inventory circulation and processes cable system won an award from the National Associa-overdue notices. tion of College and University Business Officers for The Library's minicomputer is one of several data c st saving innovations introduced in 1979.
processing systems installed on campus last year to Savings from campus energy conservation programs meet the burgeoning demand for computer access amount to about $3.5 million a year, according to among faculty and students. Enrollment in MSU Physical Plant estimates. Energy-conserving features, Computer Laboratory courses has more than doubled such as double-glass windows, have been installed in in seven years, as more and more disciplines discover buildings constructed on campus since the 1950s. In ways to harness the hardware for basic and applied the last decade, building environments hase been cen-studies. trally controlled and based on occupancy.
Since the first cogeneration power plant was in-stalled on campus in 1950. AISU has been among the T he campus is a microcosm mirroring the twen-tieth century's mass communications revolu-tion. The university operates higher educa- institutions with the lowest utility costs. The recently tion's largest instructional television service, with TV installed baghouse filters now in service remove almost programs used in more than 150 courses. About 13,700 all fly ash generated by power plant boilers, allowing calls per hour are handled through some 21,000 the university to meet air quality standards.
telephones in campus offices and housing units. To Projects to meet standards for handicapper accessi-facilitate the widespread and complex communica- bility and fireproofing were undertaken in several l
I tions network on campus, a troadband coaxial cable buildins;s. Typical alterations included conversion of system has been developed. When fully implemented, elevator operating devices for use by handicappers and installation of fire doors, fire escapes, and sprinklers.
it is expected to save an estimated $990,000 a year by serving all internal communication needs, except Acoustical ceiling and wall tiles in the 40-year-old MSU Auditorium were replaced with fireproof tiles.
I telephones.
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.d, of his age with humor.
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The oldest of the ten MSU women's varsity team
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F i i sports is field hockey. Last fall, for the first time in 28
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against powerful eastern schoc! teams, which have
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long dominated the game. In Nosember the women's
' ,. -; . -" .c 7 cross country team proved it, too. is a force to reckon
,, ., ql1 3-Q".Q';;;k.%% b! with as it finished eighth in the AIAW ( Association of
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4 6 was h petition-the fifth top-ten finish for a Spartan team in
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, .4 the six-year-old contest. And in the spring, a Big Ten p; --
- 5e . championship earned by the women's gymnastics appMkE g .' ; 4 i E team for the third consecutise year capped an active year for MSU's female athletes.
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Iissues came to the fore on campl 1.. MSU International Year of the Child Committee '
uses bar-cod labels and laser f- 3 hosted a Congress on the Future of Children in Mich-scanners.
f% igan to develop recommendations on policies and
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-y. Following a campus speech in October on " Crucial l Issues in International Urban Affairs.' former U.S.
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Ambassador to the United Nations Andrew Young 1._ ... 1 '. . .
made fise appearances at MSU during spring term as visiting professor in the College of Urban Develop-The Auditorium alterations were an anticlimax to ment. In addition to teaching a course on world con- I the Board of Trustees approval in September of con- l tracts for construction of the Performmg Arts Center. . . . . . . _ .
After vears of planning and a multimillion dollar #' l f :. . ',
fund-raismg effort building began at the Bogue Street
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phonic and operatic productions and a 600-seat theater 4^ ~ [ g.
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l tan t oach Duffy Daugherty, opened in April. It was #
soon fille ' with bodies sweaty from spring practice. 1. % Q J ^
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was also making his debut. Former Spartan football . . , ;.
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player and assistant football coach Doug Weaver was -
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Waters both p aved football under Spartan coach Big- New athletic director Doug Weaver eyes %f uddy Waters, h a.s chaire for Spartan head football coach.
gie Munn. The 57-vear-old Waters had coached Mich-8 l
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'Ert flict and development Young spoke at a one-day
_ V- , _ ; # ** urban unrest teach-in held at AISU in Afay following racial disturbances in Aliami.
As Young surely noted, discussions of world devel- .
opment are not unusual on campus. AtSU was the first U.S. university to appoint a dean of international programs and is c,rrently involved in educational and c
technical assistance programs in 22 countries. Last year, the U.S. Office of Education ranked the AISU l
African Studies Center as one of the leading centers of
- its kind in the n :fon.
The African Studies Center houses the AISU Peace Corp programs, which received an award last year l '
i from the program's national office for producing the l 2 largest number of volunteers in the last five years.
During that time, more than 250 AISU students and Andrew Young, former U.S. Ambassador to the United faculty served abroad in corps assignments.
Nations, was a visiting professor at MSU spring term. In July 1979, the U.S. Agency for International
' Development awarded the university a $1.5 million strengthening grant under a federal program to ease world hunger by providing food production assistance to developing nations. The bulk of the funds will be
'tp %' used for projects administered by the Institute of
!/ International Agriculture in the College of Agricul-ture and Natural Resources-AISU's most interna-tionally active college.
N. During the spring, the college's Agricultural Ex-N N periment Station hosted a one-week conference on I# " Animal Agriculture and Human Needs in the 21st
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Century," attended by more than 200 scientists, con-f f. - .
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sumer advocates, and public officials. The Agricul-
> tural Experiment Station is the university's largest research unit, supporting more tharr 450 scientific
, projects in eigl t campus colleges and at 15 field sta-um,> 7 tions throughot the state.
ven a superficial survey would firid sufficient evidence that the university continues to fulfill the chief purpose for which it was founded 125 years ago-to improve and teach the sciente and prac-tice gdculture. But, just as mohn agdcu Technician Lesier Morrison (above) wears magnifying advanced through the mtroduction of high ytelding yre has glasses while emasculating wheat for a cross-breeding experiment. In the last decade, MSU wheat breeders have hybrids, the original agricultural college has become introduced four high. yielding soft, white winter wheat an academic hybrid blending a variety of teaching, varieties in Michigan. Scientists at the nation's first agri- research, and public service programs.
cultural c Ilege have contributed more than 100 new crop And, like Beal's hardy seeds. Stichigan State Uni-varieties to boost world food production. .
versity fases a decade of uncertainties with an inherent will to endure.
P00R OML _ _
4 General Fund Revenues 1979-80 This fund is for general operation of the university and represents 531% of the totalrevenues. These amounts are includedin the total l l revenues column and graon on page 11 at right i
l STUDENT FEES . . . . . . . . . . . . . . . . . . . . . . . . $ 56,499,185
- Students are assessed vanable fees based on residency status, class d standing. and curriculum l
~
STATE OF MICHIGAN ... . . . . . . . . . . . . 120,208,275 For carrying on the general instruction program. Excludes appropnations for gg gp ;
Agricultural Expenme.nt Station. -MICHIGAN Cooperative Extension. and new 63.3 %
, Construction.
l l
FEDERAL GOVERNMENT. . . . . . . . . . . . . . . 346,450 Funds appropnated by Momil. Nelson Act for land-graat institutions. This is the only federal aid for general educational purposes.
INDIRECT COST RECOVERIES (Allocated to General Operations) . . . . . . . 8,2/6,356 RECEIPTS AND INTEREST . . . . . . ... .. 3,899,406 STUDENT Includes departmental receipts from -FEES sales end servic3s. ano interest on 29.8%
invested funds.
APPLICATION FEES. . . . ..... ... .. 607,469 Indirect Cost
-Recovertes 4.3%
l l
GENERAL FUND TOTAL $189,837,141 -""'# ' *"d '""' D
- Application Fees .3%
Federal Govemment .2%
l i
I 1
=
es a , . -
.. -- . . _ . ._ - _. -= . . . . -
l l
l Total Revenues i 1979-80 ,
STATE OF MICHIGAN . . . . . . . . . . . . . . . . . . $146,853,571 '
General University $120.208.275 Expenment Station 11.837.850 Cooperative Extension 11.690,475 Sponsored Programs 4.116,971 STATE OF FEDERA GOVERNMENT. . . . . . . . . . . . . . . 50,742,512 General University Support J46.450 -MICHIGAN t Expenment Station 3.425.045 41.1 %
Cooperative Extension 7.589.186 Sponsored Programs 36.083.249 Scholarships. Fellowsnips.
and Other Grants 3.298.582 I
i STUD ENT FEES . . . . . . . . . . . . . . . . . . . . . . . . 58,719,585 ,
AUXILIARY LOCAL AND PRIVATE GIFTS AND -ACTIVITIES SPONSORED PROGRAMS . . . . . . . . . . . . . . . 14,140,541 18.7%
AUXILIARY ACTIVITIES . . . . . . . . . . . . . . . . 66,944,291 OTHER REVENUES . . . . . . . . . . . . . . . . . . . . 20,001,045 STUDENT Designated Funds 13.395.952 -FEES Miscellanecus General . 16.4%
Fund income 1.038.461 income from Investments-Endowment Fund 1.338.084 Other 4.245.067 FEDERAL Application Fees 607.469 -GOVERNMENT Indirect Cost Recoveries 148.637 14.2%
increase in Restricted Revenue Held for Future ,,,
Expenditures (772.625)
, -5.8% Other Revenues TOTAL $357,401,545 l General Funo j i
Otner Funds 1
- General Fund Expenditures and Transfers i 1979-80 '
INSTRUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . $109,643,025 R E SEAR CH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,744,685 (Exclusive of the Agncultural
, Experiment Station and research financed by grants and gifts for i
restricted use)
PUBLIC SERVICES . . . . . . . ............ 3,497,384 Radio and television. Highway Tra'fic Safety Center
-lNSTRUCTION '
58.2%
1
{
ACADEMIC SUPPORT. . . . . . . . . . . . . . . . . . . 13,771,522 l Ubrary, audio-visual, computer '
facilities, academic administration
- STUDENT SERVICES . . . . . . . . . . . . . . . . . . . . 8,894,632 i
Student admissions, counseling services, and other student '
activities OPERATION SCHOLARSHIPS AND -AND MAINTENANCE FELLOWSHIPS . . . . . . . . . . . . . . . . . . . . . . . . . . 5,232,808 OF PLANT ,
gg, j
~l INSTITUTIONAL SUPPORT . . . . . . . . . . . . . . 16,846,879 -ineettutional support s.9%
Executive management, business operations, data processing. l personnel, protective services i
4
-Academic support 7.3%
l l'
OPERATION AND MAINTENANCE . -student services 4.7%
O F PLANT . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,774,908 scholerehspe -
t
-and Fellowshipe 2.8%
-Research 2.5%
GENERAL FUND TOTAL . . . . . . . . . . . . $188,405,843 -PutWe ser*ee 1.9%
! l 1 !
I
{ j r(
,2 m.
w- wer--w r =w- - o--ww- ww-
. _ _ _ .__ ~_ __ . _ _ _ . _
'l
- Total Expenditures and Transfers 1979-80 t i
GENERAL UNIVERSITY j OPERATING . . . . . . . . . . . . . . . . . . . . . . . . . . . . $188,405,843 See detailed breakdown of the General Fund expenditures on ,
page 12 at fert. The General Fund is maintained to account for those transactions related to academic
, and instructional programs and their administration.
-UNIVERSITY l
RESEARCH, EXTENSION, OPERATING i
A N D G I FTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82,673,069 53.3%
Sponsored research and extension
- programs as well as the Agricultural Expenment Station and the
, Cooperative Extension Service, ,
I gifts and grants, scholarships, fellowships, and endowments l
AUXILIARY ACTIVITIES . . . . . . . . . . . . . . . . . 68,427,206 RESEARCH, Residence halls, apartments. -EXTENSION, Union building, bookstore' t.ND GIFTS athletics, conference centers, 23.4%
and Clinical Center DESIGNATED FUNDS . . . . . . . . . . . . . . . . . . . 13,644,506 Organized departmental activities AUXILIARY associated with the academic -ACTIVITIES program and conferences, seminars, -
19.4%
and unrestricted gifts TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $353,150,624 300R DM W L 13
Enrollment
.:: ; _ ' _* . . - - y . .
-_y ?. *.
- 4
- 1. .q_. ,'
ENROLLMENT BY COLLEGES, m : .. . . . ,
"ALL 1979*
4gncu:ture and = '- ' '" .
- Natural Resources . 4.477 ; .
Ar's anc Letters '+ ,*
. 2.715 -
.J'
, .f Bus. ness .7846 l ' .2 '
'f- .
- ; . st -
-j CcmmunicaDon Arts
.3.112 ',
'(
Educat;cn . 3 771 ' - g'l +_ ' /'I" i'
Engineenng . .3 973 Human Ecology .1937
.C
^
r'
~ ' ]
Human Mecic:ne .1.121 -
[ . '. -
- James Vaa: son 832 '- '"
' ' . '.e.
s Lyman Bnggs . 831 :.
Natural Sc:ence . 4347 % ~
l Ostecoath:c Vecic:ne 361 gp '
Soc al Science . .4 902 >
^
- i Urban Deveicoment. 129 vetennary Mecrcine . .1.329
- q. ' ' . ., ..
- ~
(,
~-- ' '
- s. i - -
No preference #
. 2.880 ,' i, S
? . :. T. .,
<rnaior ':erc not setec:ec) .;_ ;.; \ _ 1
.~ ;
Unclass,ftec 193 .:' L 'L f * / .. . . x '1 '.~.... ...;... ; -. , . . . E[
1 l
DEGREES GRANTED, 1979-80 TOTAL ENROLLMENT, FALL 1979* 44 756 l
i dacrmor s . ~' 261 uncergraduate enroitment .36 372 Vaster s . 2.320 Graduate enronment 8 384 ctorates 4M TOTAL DEGREES GRANTED, 1979-80 . t0425 Other . 370 r
Teacning Certificates. .2.462 ',EvoiLvent
- gu es a'e 'Or 'he E3ST wa*S:ng Ca*CuS 3r'v 300 X ROf c we me reg,ona, centers ce cwi ece ,3,en earn-cis l
2
$ $i 14 ~.
l
i; .
I l
i I
t I
i 6
FINANCIAL STATEMENTS 1979-80 MICHIGAN ETATE UNIVERSITY
r 6
FINANCIAL STATEMENTS Auditor's Report 17 General Fund 18 Designated Fund 19 Auxiliary Activities Fund 20 Expendable Restricted Fund 21 Statement of Current Funds Revenues, Expenditures and Transfers 22 Student Loan Fund 24 Endowment Fund 26 Plant Fund 28 Retirement and insurance Fund 30 Agency Fund 31 Notes 32 16
4 i
4 Report of Ernst & Whinney, Independent Auditors 3,
- We have examined the statements of financial condition of the several funds of Michigan State University as of June 30, 1980, and the related j ,
statements of changes in fund balances and current funds revenues, expen-
- ditures and transfers for- the year.then ended. Our examination was made in accordance with generally ae :epted auditing . standards and, . accord-ingly, included such tests of the accounting records and such other l
auditing procedures as we considered necessary'in the circumstances. We previously made a similar examination of the financial statements for the preceding year.
In our opinion, the financial statements referred to above, shown on pages 18 to 33, inclusive, present fairly the financial position of the i
j several funds of- Michigan State University at June' 30,1980, and the i changes in fund balances and the current funds revenues, expenditures and 1
transfers for the year then ended, in conformity with generally accepted i accounting principles applied on a basis consistent with that of n -
I preceding year.
k l 8 55 e # 76/
- Lansing, Michigan September 4,1980 i
t i 17 l
~
4 i
GENERAL FUND MICHICAN STATE UNIVERSITY STATEMENTS OF FINANCI AL CONDITION June 30 1980 1979 ASSETS Ca sh 8,376 4,611 Short-term investments (approximates 4
market) 17,440,000 14,230,000 i
Prepeid expenses 753,582 871.132 TOTAL ASSETS 18,201,958 15,105,743 LIABILITIES Accounts paysble 2,174,104 1,763,145 Accrued payrolls 6,335,573 5,595,023 Unearned student fees and other deposits 3,891,526 3.378,118 TOTAL LIABILITIES 12,401,203 10,736,286 1
FUND BALANCE $ 5,800,755 $ 4,369,457-q FUND BALANCE Contractual commitments $ 1,058,898 $ 1,162,645 Appropriated but not committed 3,006,119 '1,925.103 i Appropristed in subsequent year budget 1,660,000 1,160,000, Uncommitted 75,738 121,709 a
$ 5,800,755 TOTALS $ 4,369,457 4
4 STATEMENTS OF CHANCES IN FUND BALANCE Year Ended June 30
- 1980 1979
' Balance at beginning of year $ 4,369,457 3 4,259.684 Revenues over expenditures and transfers 1,431,298 109.773 8ALANCE AT END OF YEAR $ 5,800,755 $ 4,369,457 4
j See notes to financial statements
, 18
1 4
1 ,
L DESIGNATED FUND 1
)
MICHICAN STATE UNIVERSITY 4
STATEMENTS OF FINANCIAL CONDITION ..
t June 30 f *'
1980 1979 ASSETS Ca sh $. 1,775 $ 2,367 Short-term. investments (approximates market) 5,100,000 3,820,000 i Medical services and other receivables, less allowances for contractual i
ad justr +*s and doubtful accounts of $523,000 (1979--$552,000) 1,041,758 981,751 Inventories 263,805 289,235 '
i TOTAL ASSETS 6,407,338 5,093,353 LIABILITIES Accounts payable and other 158,799 354,106 j
4 Accrued professional liability costs 1,437,968 814,756
! Accrued payrolls 518.359 488,363 TOTAL LIABILITIES 2,115.126 1,657,225 FUND BALANCE $4,292,212 $3,436,128 STATEMENTS OF CHANCES IN FUND BALANCE Year Ended June 30 1980 1979 L
Balance.at beginning of year '$3,436,128 $2,032,661 Revenues over expenditures and transfers 856,084 1,403,467.
I SALANCE AT END OF YEAR $4,292,212 $3,436,128 i
I See notes to financial statements
,2 19 3
AL'XILI ARY ACTIVITIES FUND HICHICAN STATE UNIVERSITY STATEMENTS OF FINANCI AL CONDITION 1
June 30 1980 1979 ASSETS i- Ca sh .
$ 6,657 s 9,194 Short-term investments (approximates market) 4,930,000 3,205,000 Accounts receivable, less allowance '
for doubtful accounts of $598,000-(1979--$445,000) 2,445,883 1,760,759 Inventories' '4,306,317 4,186,143 Notes receivable from Plant Fund 1,858,634 2,126,548 Prepaid Insurance 274,846 362,946 TOTAL ASSETS 13,822,337 11,650,590 LIABILITIES i
Accounts payable 1,486,600 -1,747,213 Accrued payrolls 425,118 358,160 Unearned revenue 2,845,336 2,437,548 Student room deposits 603,733 609,658 TOTAL LIABILITIES 5,360,767 5,152.579 FUND BALANCE $8.461,550 $ 6.498,011 STATEMENTS OF CHANCES IN FUND BALANCE Year Ended June 30 -
'1980 '1979 Balance at beginning of year $ 6,498,011 - $ 8,925,950 '
Revenues over (under) expenditures and t ransfers . 1,963,539 (2,427,939)-
-- BALANCE AT END OF YEAR $ 8,461,550 $ 6,498,011 See notes to financial statements 20
4 EXPENDABLE RESTRICTED FUND MICHIGAN STATE UNIVERSITY STATEMENTS OF FINANCI AL CONDITION June 30 1980 1979 i ASSETS
, Cash $ 9,186 $ 4,162 Short-term investments (approximates i market) 4,860,000 3,158,400
- Harketable securities (approximates
- merket) 986,985 2,296,357 Accounts receivable (principally l
federal government grants) 7,188,656 6,951,442 TOTAL ASSETS 13,044,827 12,410,361 LIABILITIES Accounts payable 1,158,235 1,384,046 Accrued payrolls 274 496 186,844 ..
TOTAL LIABILITIES 1,452,131 1,570,890 t
FUND BALANCE $11,612,096 $10,839,471 2
STATEMENTS OF CHANCES IN FUND BALANCE Year Ended June 30 1980 1979 a
i Balance at beginning of year $10,839,471 $ 8,785,771 Increase in restricted revenue held for future expenditures 772,625 2,053,700 i
BALANCE AT END OF YEAR $11,612.096 $10,839,471 See notes to financial statements I
4 21
---_m
_- , , , . Es .
.e---,a.neuequepa m 4
4 t
1 STATEMENT OF CURRENT FUNDS REVENUES, EXPENDITURES AND TRANSFERS MICHICA3 STATE UNIVERSITY Year Ended June 30, 10*a Auxiliary Expendable Year Ended -
Ge neral Designated Ac tivities - Re st ricted June 30, 1979 Fund Fund Fund Subtotal Fund REVENUES Total Total Student fees $ 56,499,185 $ 2,220,400 $ 58,719,585 !
State of Michtgent $ 58,719,585 $'52,806.063 current operations appropriation 120,208,275..- 120,208,275 120,208,275 Agricultural experiment station 109,614,225; appropriation
$11,837,850 11,837,850 10,738,050 Cooperative extension appropriation 10,690,475 sponsored programs 10,690,475 8,972,000-4,116,971 4,116,971 .4,533,033 Federally sponsored programs 346,450 346,450 50,396,062 Local and private gif ts and 50,742,512 42,789,128
- sponsored programs 946,570 946,570
' S 13,193,971 14,140,541 12,377,483-Income f rom investments:
Endowment Fund 1,338,084 1,338,084 ~ 1,120,940 other 2,860,945 158,068 1,226,054 4,245,067 .
Departmental activities 4.245,067 3,755,148 1,038,461 13,395,952 14.434,413 14.434,413 Auxiliary activities 13,136,451 66,944,291 66,944,291 -66,944,291 60,824,553 Application fees 607,469
- 607,469 607,469 491,557 Indirect cost recoveries 8,276,356 8,276,356. (8,127,719) 148,637-Increase in restricted revenue 155,978 held f or f uture expenditures (772,625) -(772,625) (2,053,700) .
TOTAL RT. VENUES 189,837,1% 14,500,590 70,390,745 274,728,476 82,673,069 357,401,545 - 319.260,909.
i i
EXPENDITURES
- Instruction and departmental research 109,643,025 5,868,577 115,511,602 5,422,942
~
Research 120,934,544 '09,941,821 4,744,685 1,755,053 6,499,738 44,302,51*' ' 50,802,250 Pubite services 3,313,232 44,398,909' 5,186,372 8,499,604 25,041,361 13,540,965 28,984,770~
Academic support 13,771,522 14,711 13,786,233 764,183 14.550,416 12,860,521 4
Student services 8,425,404 805,612 9,231,016 76,801 Scholarships and fellowships 9,307,817 8,804,792.
5,272,555 174,302 5,446,857 3,934,094 9,380,951 Institutional support .16,846,879 9,600,084-281,329 17,128,208 '34,262' 17,162,470 14,793.607 Operation and maintenance of plant (Ceneral Fund net of $3,559,273 for utility charges to Auxiliary Ac tivities Fund; 19 79--$2,969,136 22,634,918 22,634,918 228,339
, Auxiliary activities operations, 22,863,257 21,586,060 less internal service rebillings of $31,734,053 (1979--$29,593,974) 58,846,325 __58,846,325
-22 58 846 c3,25 53,958,301-184,652,220 14,085,956 58,846,325 257,584,501 79,804,494 331,388,995. 304,928,865
I, 1
Year Ended June 30 t_1980 Aux 111 dry EApendable Year Ended De s ignat ed Ac t ivi t ies Re s t ric t ed June 301 1979 Ge ne ral Fund Fund Subtotal Fu nd Total Total Fund TRANSFERS OUT (IN)
Handatory transfers for
- Scholarships and fellowships--
loan matching grants and (4,715) l 155,430 $ 155,430 $ 155,430 $
debt service $
- l Debt service and maintenance 51,506 5t790,287 5.521,279 reserve requirements 864,663 $ 4,874,118 So738,781 $
j 5,894,211 51,506 5,945,117 5,514,564 1,020,093 4,874,118 q '
1 Other transfers for:
} Facility expanston, maintenance 9,905,584 2,275,327 5,610,277 7,885,604 2,257,512 10,143,116
! replacement and debt service -0 Public services 184,152 (366,334) 182,182 l (469,228) Student services 469,228 .
f Scholarships and fellowships 17,429 (25,929) (559,875) (s?8,375) 559,875 (8,500) !
(212,606) (56,593) (318,386). (318) (318,704) (175,405) '
Other (49,187) i 2,733,530 (441,450) 4,106,763 6,998,843 __2,817,069 9,815,912 ___9,730,179 i
188.405,843 13,644,506 _ 68,427,206 ___70,477,555 2 82,673,069 353,150,624 320,175,608 j TOTAL EXPENDITURES AND TRANSFERS REVENUES OVER (UNDER) (914,699)
$ 1,431,298 856,084 $ 1,963,539 $ 4,250,921 $ $ 4,250,921 $
EXPENDITURES AND TRANSFERS $ ............
l See notes to financial statements i
i i
i I
i l1 l
l i
i t
i i
! 23 l
l
4 i
i f STUDENT LOAN FUND f
j MICHICAN STATE UNIVERSITY I
i STATEMENTS OF FINANCIAL CONDITION f June 30 1980 1979 ASSETS Cash 19,736
$ 20.452 $
Short-tare investments (approximates
]- market) 2,615,000 2,275,000 Marketable securities (approximates market) 337,706 282,419 Student loans rer.eavau'e, less ellowence a
for doubtful accounts of $2,~.50,000 (1979--$1,850,000) 30,056,903 29,510,293 Deposits with state and national loan guaranty agencies 167,200 167,200 1
TOTAL ASSETS 33,2U7,261 32,254,648 LIABILITIES Accounts payable 21,444 733 ,
Tera notes payable--Note D 6.046,292 5,216 978 '
TOTAL LIABILITIES 6,067,736 5,21,, 11
!l FUND BALANCE $27,139,525 $27.036,937-FUND BALANCE Universicy student loan funds:
, Rest ric ted:
Cuaranteed student loans $ 342,873 $ 297.488 Other 799,455 799,730 Designated 1,107.462 1,098,494 4
2,249,790 2,195,712 Federal student loan funds:
Federal portion 22,370,894 22,321,103 University portion 2,518,841 2,520,122 24,889,735 24,841,225
, TOTALS $27,139,525 $27,036,937 g4 ........... ...........
1
STATEMENT OF CHANCES IN TERM NOTES PAYABLE AND FUND BALANCE Year Ended June 30, 1980 University Student Loan Funds Restricted Federal Year Ended Student June 30,1979 Guaranteed Loan runds Total Total Student Loans Other. Deslanated TERM NOTES PAYABLE
$5,216,978 $ 5,216,978 3 5,324,040 Balance outstanding at beginning of year Additions (deductions): 1,600,000 500,000 Proceeds from borrowings 1,600,000 (770,686) (770,686) (607,062)
Notes retired
$6,046,292 $ 6,046,292 $ 5,216,978 BALANCE OUTSTANDING AT END OF YEAR ........... ...........
FUND BALANCE $24,841,225 $27,036,937 $27,673,291
$799,730. $1,098,494 Balance at beginning of year $ 297,488 Additions (deductions): 791,322 791,322 200,060 Federal government contributions 61,396 60,397 C1fts and grants 5,703 55,693 24,081 117,560 141,641 196,290.
Income from investments 44,391 293,976 - 1,067,330 920,371 Interest on student loans . 720,848 8,115 (517,002) (517,002) (449,846)
Interest expense (182,542) (3,882) 125,366 (61,058)(1) (184,479) -
Transfers in (out) (91,116) (481,327) (582,654) (626,584)
Unco 11ectible loans charged of f (10,211)
Provision for possible collection (300,000)
(300,000) (300,000) losses which may result on loans Cancellation for teaching service, military service and health (168,576)
(175,543) (175,543) professions ear loyment Cancellation for death, disability (50,717)
(54,127) (54,127) and bankruptcy Administrative expense and collection (274,717) (274,717) (231,270) cost
$ 342,873 $799,455 $1,107,462 .$24,889,735 $27,139,525 $ 27,036,931 BALANCE AT END OF YEAR ........... ............
(1)--Represents net transfers to General Fund ($57,176) and Expendable Restricted Fund ($3,d82).
See notes to financial statements 25
4
- \
li s
a ENDOWMENT FUND i
j MICHICAN STATE UNIVERSITY
)
STATEMENTS OF FINANCI AL CONDITION s June 30 1980 1979
/SSETS Cash 5,984 3 3 7,147 Short-tere investments (approximates mirket) 140,000 Marketable securliies (1980 market-- . ,
$13,415,000)--Note B 13,499,759 13,993,096 Real estate and other. investments 858,663 705,343 Land grant endowment held by State of Michigan __),059,379 1,059,379 TCTAL ASSETS 15,563,785 _ 15,764,965 LIABILITIES j Amounts payable to beneficiaries 4,075 3,230
! Due to other fund 65,000 i
TOTAL LIABILITIES 4,075 68.230 FUND BALANCE $15,559,710 $15,696,735 FUND BALANCE Endowment funds $ S,940,080 $ 7,7P9,897 Funds lunctioning as endowment:
Re stric ted 3,767,561 3,725,607 Designated l.,251,054 2 669,176 4 3
_ 5,018,615 6,394,783 Tere endowment funds 343,338 62,934 Annuity and life income funds 198,298 389,742' Land grant endowment l'und 1,059,379 1,059,379 TOTALS $15.559,710 $15.696,735 t
'26
'9
l l
t l
STATEMENT OF CHANCES IN FUND BALANCE Year Ended June 30, 1980 Funds Functioning Tera Annuity and Land Grant Year Ended Endoment as Endowment Endoment Life Income Endousent June 30, 1979 Funds Restricted Designated Funds Funds Fund Total Total
$7,789,897 $3,725,607 $2,669,176 $ 62,934 $389,742 $1,059,379 $15,696,735 $15,693,166 Balance at beginning of year Addit ions: 1,368,273 555,664 Gifts 712,591 381,752 500 213,424 646,084 335,081 330,351 25,612 14,781 1,351,909 1,132,947 Income from investments Net gains (losses) f rom sale of 135,180 (349,528) investments 232,287 (68,842) (39,100) 6,980 3,855 (112,215) (1,379,522)(1) (195,299) (1,481,737) (202,567)
Transfers in (out) 205,299 17,070,360 16,829.682
,,9,586,164 4,261,383 1,581,405 368,950 213.079 1,059,379____
Deduc tions: 1,338,084 1.120,940 Distributions to beneficiary funds 646,084 335,081 330,351 25,612 9 56 Amounts paid to annuttants and 12,007.
l 13,825 13,825 life income beneficiaries 158,741 Other 158,741 646,084 493,822 330,351 25,612 14,781 1,510,650 1,132,947 BALANCE AT END OF YEAR $8,940,080 $3,767,561 $1,251,054 $343,338 $198,298 $1,059,379 $15,559,710 $15,696,735 (1)--Includge $1,361,022 Fransferred to Plant Fund for Performing Arts Center project.
i See notes to financial statements s.
\
27
- FLANT FUND HICHICAN STATE UNIVERSITY STATEMENT OF FINANCIAL CONDITION June 30, 1980
~
hserve For Unexpended Maintenance, Appropriations Ea u t pment Reserve Invested in for Plant Replacement for Debt Physical June 30, 1979 Addit ions and Insurance Service Properties Total Total y ASSETS 1
Ca sh
$ 3,176 $ -2,614 3 3,037 8,827 Cash an# investments with debt service trustees 18,274,049
$ $ 9,826 2,375,000 8,373,924 28,722,973 9,412,945 Short-term investments (approximates market) 42,000 6,665,000 2,183,000 Marketable securities (approximates 8,890,000 14,230,000 market) 178,538 Accounts receivable 178,538 169,393 41,000 41,000 State appropriations receivable 6.048,230 264,238 409,680 6,457,910 3,581,117 Federal 8 rant receivabla 138,000 Real estate and other investments 138,000 104,991 364,452 364,452 Physical properties--Note C Land Buildings $ 12,103,361 12,103,361 12,069,837 Equipment and other 360,519,897 360,519,897 354,661,372 d
Construction in progress !!8,672,128 !!8,672,128 106,032,724 24,219.541 24,219,541 7,010,084 TOTAL ASSETS 25,089,445 9,452,294 10,259,961 515.514,927 560,386,627 507,546,527 LIA8ILITIES Accounts payable 2,342,391 158,138
- DLe to other fund 2,500,529 1,977,257 700,000 700,000
- Notes payable to Auxiliary Activities Fund 1 Notes and bonds paya'ule--Note D 1,858,634 1,858,634 2,126,548 14,000,000 3,340,000 37,949,819 55,289,819 Bonds held in escrow for future gif ts 45,580,034
' to the University 250,000 250,000 250,000 TGTAL LIABILITIES ~ 17.042,391 158,138 3,340,000 40,058,45I 60,598,982 49,933,839 FUND 8ALANCE $ 8,047,054 $9,294,156 $ 6,919,961 $475,456,474 $429,717,645
$457,612,688 FUND BALANCE Invested in physical properties Res tricted $475,456,474 $475,456,474 $435,157,435
$ 5,908,808 $2,710,347 S 5,451,637 14,070,792 Designated 14,196,638 2,138,246 _6,583,809 1,468,324 10,190,379 8,258,615 TOTALS $ 8,047,054 $9,294,156 3 6,919,961 $475,456,474 $499,717,645 $457,612,688
I STATEMENT OF CitANCES IN NOTES AND BONDS PAYABLE AND FUND 8ALANCE Year Ended June 30, 1980 Reserve For Unexpended Naint e nance ,
Appropriations Equipment Re serve Invested in' Year Ended for Plant Replacement for Debt Physical June 30, 1979 Additions and Insurance Se rvice Properties Total Total NOTES AND &ONOS PAYA8LE Balance outstanding at beginning of year $ $ 3,340,000 $ 44,616,582 $ 47.956,582 $ 52,386,398 Additions (deductions): 14,565,353 69,946 Proceeds from borrowings 14,565,'53 Expenditures for capital additions (565,353) 565,353(1) Notek and bonds retired (3,816,608)
Notes and bonds (4,290,215) (4,290,215)
Notes held by Auxiliary Activities Fund (833,267) (833.267) (683,154)
BALANCE OUTSTANDING AT END OF YEAR $14,000,000 $ 3,340,000 $ 40,059,453 $ 57,398,453 $ 47,956,582 s
FUND 8ALANCE Balance at beginning of year $ 9,593,198 $6,352,134 $ 6,509,921 $435,157,435 $457,612,688 $430,661,549 Additions (deductions): 13,651,378 3,721,117 State appropriations 13,553,378 98,000 398,343 398.343 Federal government grants 3
2,047,788 246,293 137,215 337,847 2,769,143 1,731,520 Gifts and other sources 427.745 609,340 1,037,085 1,023,223 Income from investments 4 From other funds: 1,857,737 General Fund 1,641,877 539,058 959,055 3,139,990 j 10.484,395 13,141,578 j Aux 111ary Activities Fund 846,942 4,279,597 5,357,856 Expendabli Restricted Fund 2,257,512 51,506 2,309,018 427,549 1,361,022 10,000 1,371,022 206,927 Endoument r'und Expenditures from current funds for 11,251,928 capital additions 13,086.100 13,086,100 Expenditures for capital additions (23,394,046) (811,953) 24,205,999(1) .'
Interest and bond call expense (1,935,510) (1,935,510) (2,091,642)
Insurance deductibles (229,000) 15,185 15,183 1,295 Bond discount 1 Notes and bonds retired .
(5,123.482) 5,123,482 '
(328,875) 328,875 Intrafund transfer Repairs, maintenance and other expenditures not capitalized (397,081) (1,671,082) (2,068,163) (2,580,623)
Disposal of plant assets 39,251 262.109 (2,454,389) (2,153,029) (1,510.470)
)' $ 8,047,054 $9,294,156 8 6,919,961 $475,456,474 $499,717,645 $457,612,688 8ALANCE AT END OF YEAR 1
(1)--Total Plant Fund expenditures for capital additions $24,771.352
, See notes to financial statements
- 29 4
. . - _ . _ . .. .- . . ~ . .
t RETIREMENT AND INSURANCE FUND
?
i MICHICAN STATE UNIVERSITY ^
STATEMENTS OF FINANCIAL CONDITION June 30 1980 1979 ASSETS Cash 7,263 9,549 Short-term investments (approximates market) 270,000 285,000 Life insurance funding deposit 512,644 361,338 t TI AA-CREF group annuity deposit 8,3i4.284 7,829,883 Marketable securities (1980 market--
$18,829,000)--Note 8 18,188,649 19,213,784 Other investments 3^,615 27,158 Accounts receivable 255.216 118,842 TOTAL ASSETS 27,584,671 27,845,554 LIABILITY--Accounts payable 5.609 FUND BALANCE $27,579,062 $27,845,554 STATEMENT OF CHANCES IN FUND BALANCE J
Tear Ended June 30, 1980 Reti rement Retirement Year Ended Fund Fund ' Insurance June 30, 1979-
, General housina ' Fund Total Total Balance at beginning of year ' $22,576,749 $ 4,907,467 ,$361,338 '$27.845,554 4
Additions: $27,14 7,655 Employer contributions 1,649,456 i' 611,000 503,945 2,764,401 3,107,095 Income from investments, net of gains and losses on sale of investments 619.991 554,707 37,556 1,212,254 1,586,211 24,846,196 6.073,17T 902,839 _ 31,822,209 31,840,961 ,
Benefit payments 2,960,069 738,482 362,611. 4,061,162 3,816,583 Investment and actuarial fees 130,137 24,264 27,584~ 178,824 3,090.206 762.746 390,195 181,985.
4.243,147 , 3.995.407 3
8ALANCE AT END OF. YEAR. $21,755,990 $ 5,310,428- $512,644 $27,579,062 $27,845,554 I
See notes to financial statements i
J- 30 -
4
i
- AGENCY FUND MICHIGAN STATE UNIVERSITY 4 STATEMENTS OF FINANCIAL CONDITION ,
4 June 30 1980 1979 j
ASSETS Cash $ 1,021,822 $ 1,267,416 Short-term investments (approximates ma rket) 10,004,565 9,827.860 Marketable securities (approximates market) 3,052 5,913 Accounts receivable 733,935 499,499 l 700,000 65,000 Due from other fund TOTAL ASSETS $12,463,374 $11,665,688 LIABILITIES Accounts payable $ 596,427 $ 639,938
\'
Payroll taxes and other payroll deductions 10,780,103 9.560.240 t Depoette held for others and deferred items 1,086,744 1.465,510 TOTAL LIABILITIES $12,463,374 $11,665,688 i
See notes t.o financial statements i
ir 31 m
o 1
NOTES TO FINANCIAL STATEMENTS MICHICAN STATE UNIVERSITY NOTE A--SICN!FICANT ACCPUNTING Pot.lCIES Institutional Physical Properties: Institutional physical propert tee are he financial statements have been prepared generally in accordance with stated generally at cost. Amounts empended directly from current funds for the accounting principles outlined in the American Institute of equipment or other capital additions are included in expenJttures or Certified Public Accountants' audit guide, Audits of Colleges and transfers of such funds and are capitalized in the Plant Fund. Deprec iat ion Universities, and the Manual for Uniform Financial Reportina - State of to not provided on physical properties; however, certain repair and Michtaan Collene's and Universities, as revised. Transactions of the maintenance reserves have been established to provide for significant repair development fund have been reclassified from the Agency Fund to the and eatntenance costs to related factittles.
Designated Fund in 1980 and certain current funds' expenditures for 1979 have been reclassified to conform to the 1980 presentation for Inventories: Inventuries are stated et the lower of average cost comparability. (book stures determined by the retat t method) or market.
Revenue Recognitiqn All revenues and related expendirures incurred in Fund Classification: he accounts of the University are summarized for financial reporting purposes into the following nine funds. connection with the current sunmer school are deferred at June 30.
Expendable Restricted FunJ revenue is recognized only to the eatent The current f unds consist of the Cer.eral, Designated (use restricted by expended and State of Michigan appropriations for current funds are University policy). Auxiliary Activities and Expendable Restricted (use recognized when received. Edical service revenues are recognized on rae restricted by donor or supporting agency). Dese funds are used to accrual bests in the p6ctod during which the service performed is billable, with appropriate allowances provided to give recognition to contractual account for transactions related to the instructional and academic adjusteents and to accounts doubtful of co11ection.
programs (including restricted purpose contracts and grants, research, extension and departmental programs) and the aust11ary activities which provide services to the student body, faculty and staf f and public. %e NOTE B-MARKETABt.6 $ECUtLLTIES
, statement of current funds revenues, expenditures and transfers is a statement of financial activities of the current funds related to the ne yields un marketable securttles for the years ended June 30, 1980 current reporting period. It does not purport to present the results of and 1979, determined on a market basis, were as follows:
operations or net income or lose for the period as would a statement of income or a statement of revenues and expenses.
1980 1979 Rettrement Retirement The noncurrent funds and their functions are described as follows: (1) the Student Loan Fund is used to account & transactions related to EnJoment and Insurance Endowment and insurance Fund Fund Fund loans to students; (2) the Endowment Funu .., used to account for gif ts Fund which allow orly the income thereon to be expended and includes similar Interest ami dividends funds under Board control; (3) the Plant Fund contains the transactions 8.15 F.11. 6.91 6.1%
Et market appreciation relating to investment in institutional phys 4 cal properties (except of securittes 1.4 those held for investment purposes), indebtedness incurred in the 3.0 2.5 3. 5 financing thereof and reserves for maintenance, replacement and insurance; (4) the kettrement and Insurance Fund contains transactions TOTAI.S 9.55 10.1: 9.41 9.61 related to pension and life insurance nians controlled by the ... .
institudon; and (5) the Agency Fund is used to account for amounts withheld from payrolls, employer portions of payroll taxes and various payroll benefits and for amounts held in custody for students, NOTE C--CONSTRUCTION IN PROGkESS University-related organizations or others.
Construction in progress at June 30, 1980 includes costs of approximately Accrual Accountina De financial statements have been prepared I283 000 for projects in the development and planning stage; therefore, 8
generally on the accrual basis with the following exceptions, which are estimated costs to complete are presented undeterminable. H e costs to common practices in colleges and universities: (1) vacation pay is Comp l ete the remaining projects (principally modifications to a power recorded when paid; (2) investment income and interest on student loans plant and the construction of a comunications arts building and are recorded when received; (3) interest expense on debt is recorded orming arts center) are estimated to be $,mW,M and are to be when paid; and (4) gif ts and pledges are recorJed when received. funded f rom state capital outlay appropriations and/or University funds.
Investments: Investments are stated at cost or f41r e rket value at 32 date of gift.
- . . - ~ .- _ . - . . . -. .-- - . . . -. ~ . ~ . ~ . ~ -- -.. .
i
- NOTES TO FINANCIAL STATEMENTS--CONTINUED n
4
(
t:0TE p--NOTES AND BONDS FAYASLE - NOTE F--CONTINGENCIES . [
l he principal and interest on notes and bonds of the Flant Fund In the normal course of its activities, the University is a party in -[
i (escluding an 81 note payable to a bank of $14,000,000 and two 4 1/23 various legal actions. Although some actions have been brought for large ;
j promissory notes to individuals aggregating $1,346,000) are payable only amounts, the University has not emperienced significant losses c ~wts. [
- j. f rom the not income of specific ausiliary activities or from designated After taking into conalderation legal counsel's evaluation of pending j student fees. The obligations are generally callable, bear interest at actions, the University is of the opinion that the outcome thereof will o rates varying f rom 2.8753 to 8.01, and asture at various dates through not have a material effect on the financial statements. e 2004. principal amounts payable within one year approstante $2,835,000: {.
! Se term notes payable of the Student loan Fund are payable from NOTE CmMICNICAN STATE tal1VERSITY FOUNDATION.
t collections on the guaranteed student loans, bear interest at initial rates of 51/21 to 7% ad)asted for market conditions, and asture in 1984 Michigan State University Foundation is an independent corpo ation formed tierough 1990. for the purpose of receiving funds for the sole benefit of the ,
l' University. At June 30, 1980, the fair value of the net assets of the I Foundation approximated $4,700,000 and are not included in the financial j
NOTE o--RETIRgMENT PLANS statements of the University.
b ,
! Me University has contributory retirement plans for all qualified I employees. Me plans are administered by Teachers' insurance and Annuity NOTE H--FLEDGES Association of America - College Rattrament Equities Fund (TIAA-CREF) and ,
{ The University receives pledges and bequests of financist support from I consist of employee-ouned annuity contracts funded on a current basis
- l The University also provides termination benefits resulting from unused corporations, foundations and individuals. Ike to changing circumstances j sick days upon retirement, permanent disability, or death of certaln relating to individual pledgore ability to pay amounts pledged, the full-time employees. H e present value of future retirement benefits amount of pledges which will be ultimately collected and the time periods, ,
- attributed to prior service at January 1,1980 (date of latest actuarial over which they will be collected of ten are not read!!y determinable.
} valuation) exceeded the market value of the assets of the fund at June Such pledges are primarily restricted for plant or endowment purposes
- 30, 1980 by approstaately $21,000,000. and, including those of the Michigan State University Foundation, appron-
{
imated $6.400,000 at June 30, 1980.
3 Annual contributions by the Univeratty may be suf ficient to provide for j amortization of prior service and termination benefit costs and will 4
consist of a combination of current funds and existing Retirement Fund j assets in such portions that the Retirement Fund any be depleted over the established twenty year funding period. . During the year ended June 30, i 1980, the University contributed $11,680,754 to fund the current service
! requirements of the employee-owned annuity contracts and $2,260,456 to j the Retirement Fund to fund prior service cost of group annuity
- . contracts. ,
The University 's life insurance benefits for certain' employees upon i retirement at an annual contribution rate of $180,000 through 1986 and
}' anticipates current cost contributions of $60,000 thereafter. Ce rt ain l
other benefits, principally medical insurance, are provided to eligible ,
4 retirees. Such benefits are funded on a current basis and no calculation has been made to determine the actuarial liability thereof.
l 8
j Heportpreparedby Urwversdy Puticassons under me drecten of Menneth W Thorrpsort Vce Presdent Aar Fanance andOperanons Hoger E Walunsort Assocsafe Vce Presdent for Busmess and fanarx.e. Stephen H Terry. Asssslant Vce Presdent for Fnence, andJunas E CocA Ass,stant Coneosur, desgn by Dorns Socidott estung andproducsc>n by Kanteen Schoonensker Narratove sent by Lawe war Assocaare Eenor, Conege of Arcdure and Nannar Resowces Phonos turnahsd 4
by anso,rnat on servces wwess omer se creased i 33 MSU is an Alfwmative Action / Equal Opportunity Institution i
FINANCIAL REPORT 1979-80 Michigan State University hhJL 'l O
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i FINANCIAL REPORT 1979-80 l
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e CONTENTS Distribution of General Fund Expenditures and Transfers . . . . . . 5
- Designated Funds . . . . . . . . . . . . . . . . . . . . . . . . . 19 Auxiliary Activities Funds . . . . . . . . . . . . . . . . . . . . 24 Intercollegiate Athletics . . . . . . . . . . . . . . . . . . . . . 33
- Expendable Restricted Funds . . . . . . . . . . . . . . . . . . . . 35 Agricultural Experiment Station . . . . . . . . . . . . . . . . . . 58
- Cooperative Extension Service . . . . . . . . . . . . . . . . . . . 59
- Student Loan Funds . . . . . . . . . . . . . . . . . . . . . . . . 60 I' . Endowment Funds . . . . . . . . . . . . . . . . . . . . . . . . . . 63 4
Plant Funds:
s Reserves for Debt Service, Maintenance, Equipment Replacement, and Insurance . . . . . . . . . . . . . . . . . . 70 4 Comparative Summary of Physical Properties . . . . . . . . . . 74 l
- Unexpended Appropriations for Plant Additions . . . . . . . . 75 i
i, Notes and Bonds Payable . . . . . . . . . . . . . . . . . . . . . . 76 Maturities of Plant Fund Notes and Bonds Payable . . . . . . . . . 84
)
Investments . . . . . . . . . . . . . . . . . . . . . . . ._. . . . 87 4
4 w
, DISTRIBUTION OF CENERAL FUND EXPENDITURES AND TRANSFERS NICHIGAN STATE UNIVERSITY Year ended June 30, 1980 1
Expenditures
, Supplies and Transfers Salaries Labor Services Equipment (In) Out Total INSTkUCTION AND DEPART"JNTAL kESEARCH College of Agriculture and Natural Resources:
Dean of Agriculture and Natural Resources $ 329,282.93 $ 8,000.00 $ 192,749.36 $ 18,326.43 $ 548,358.72 I
Agricultural Economics 369,504.41 1,872.15 29,784.96 I,418.50 . 402,580.02 Agricultural Engineering 310,588.62 12,999.16 53,362.98 17,932.31 394,883.07 Animal Husbandry 298,353.45 7,889.66 50,163.00 1,000.00 357,406.11 Biochemistry 54,762.07 1,493.10 18,840.00 2,816.77 .77,91I.94 Crop and Soil Science 444,823.16 8,572.57 42,854.30 18,155.42 514,405.45 Dairy Science 186,936.00 25,325.00 1,875.42 214.136.42 Fisheries and Waldlife 342,287.11 1,458.51 23,083.00 753,15 367,504.77 -
i Food Science and h asan Nutrition 363,602.25 3,758.26 43,681.90 5,605.00 416,647.41 Forestry 323,972.36 46,131.00 15,817.00 5,375.72 391,296.08 Horticulture 374,947.81 33,207.00 55,726.00 7,168.50 471.049.31 Institute of Agricul? ural Technology 633,697.87 8,000.00 42,801.00 1,846.46 686,345.33 Packaging 241,949.69 3,863.14 25,912.28 10,020.63 28I,745.74 Park and Recreation Resources 188,522.59 2,013.61 10,971.93 2,000.35 203,508.48 Poultry Science 155,638.43 15,138.00 6,728.49 177,504.92 Resource Development 276 2 926.77 914.90 8.013.00 285.854.67
, , Total College of Agriculture and Natural Resources 4,895,795.52 140,16G 654,I53.71 101,023.15 5,791,138.44 4
College of Arts and Letters:
\ Dean of Arts and Letters 363,660.72 300.01 110,202.19 33,188.05 1
507,350.97 Art 1,656,093.34 !!,919.62 59,130.75 22.075.61 1,149,219.32 Band 9,800.00 15,000.00 6,575.39 31.375.39 English I,241,219.60 1,378.79 39,012.00 1,281,610.39 German and Russian 438,012.07 590.64 14,057.99' 452,660.70 History 897,777.94 300.00 26,336.00 924,213.94 Language Laboratory 41,337.17 8,399.07 5,776.74- 55,512.98 Linguistics and Oriental and African Languages 200,645.09 497.41 9,100.00 210,242.50 Music 1,342,073.69 24,999.98 66,775.00 12.235.53 1,446,084.20 Philosophy 612,280.28 I,399.42 12,515.96 . 626,195.66 Religious Studies 171,027.05 198.58 '5,000.00 176,225.63 Romance and Classical Languages 861,844.93 902.54. 25,000.00 887,747.47 Theatre 351,962.14 5,435.00 32,310.00 . 389,707.14 Women's Studies Program 13,982.82 6.247.21 3,476.00 504.36 24,210.39 Te'..; College of Arts and Letters 7,591,916.87, 72,366.27 423,492.63 74,578.94 8,162,356.64 5-
t 2
5 DISTRIBUTICJ OF CENERAL FUND EXPENDITURES AND TRANSFERS--CCTINUED Expenditures
, Supplies and Transfers Salaries Labor Services Equipment _ (In) Out Togi I
, INSTRUCTION AND DEPARTMENTAL RESEARCH--CONTINUED !
College of Business: i Dean of Business $ 449,131.14 $ 22,994.92 $ 222,809.92 $ 34,258.24 $ 729,194.22 j.
Accounting and Financial Administration 1,058,655.95 43,920.00 46,288.00 1,I48,863.95 j Business Law and Office Administration 360,043.66 682.63. 18,171.45 378,897.74 1 Economics 1,14I,943.65 4,794.21 49,588.67' ,1,196,326.53 '
Hotel, Restaurant and Institut6onal Management 358,150.00 2,456.56 47,582.00 378,188.56 Management 737,694.52 3,768.99 31,558.36 773,021.87 ,
Marketing and Transportation Adninistration 760,48h51 5,289.10
~
33,524.00 799,298.61 ;
Total College of Business 4,866,104.43 83,906 31 419,522.40 34,258.23 5,403,791.48 i
, College of Communication Arts and Sciences.
Dean of Communication Arts and Sciences 201,522.00 1,500.00 56,319.80 33,786.22 293,128.02 Advertising 266,458.13 1,498.67 28,080.00 4,614.00 300,650.80 Audiology and Speech Science 441,020.00 6,000.00 17,995.15 8,424.64 471,439.79-4 Communication 601,573.98 8,000.00 33,103.72 2,646.59 645,324.29 ,
Journalism 352,096.53 2,049.96 29,277.49 2,127.96 385,551.94 ;
Telecommunications 349,311.19 5,137.22 21,000.00 6,518.57 381,966.98 Total College of Communication Arts and Sciences 2,211,981.83 24,185.85 185,776.16 58,117.98 2,480,061.82 4
College of Education:
Dean of Education 1,484,*,90.98 26,075.04 177,711.07 41,802.59 1,730,079.68 Administration and Higher Education 582,645.71 736.36 26.025.88 609.407.95 Counseling, Personnel Services and Educational Psychology 761,074.39 1,316.85 35,113.10 797,504.34 Elementary and Special Education 976,647.43 1,454.32 52,066.09 1,030,167.84 Health, Physical Education and Recreation 864,378.52 21,824.52 47,116.93 8,558.80 941,878.77 Secondary Education and Curriculum 723,665.64 3.208.38 30,833.12 757,707.14 Student Teaching and Professional Development 561,426.00 13,889.38 232,341.66 8,046.29 815,703.33 Total College of Education 5,954,328.67 68,56 O 5 601,207.85 58,367.68 6,682,349.05 College of Engineering:
Dean of Engineering 400,011.57 29,000.00 81,113.10 50,936.35 561,061.02 Chemical Engineering 289,160.78 4,998.37 29,136.72 25,084.01 348,379.88 Civil and Sanitary Engineering 485,996.25 13,000.00 33,000.00 15,407.90 -547,404.15 Computer Science 436,184,73 47,800.00 86,067.00 39,149.37 609,201.10 Electrical Engineering and Systems Science 601.064.99 39,922.95 57,892.55 25,539.11 724,419.60 Mechanical Engineering 606,449.08 5,000.00 45,052.49 18,772.13 675,273.70 ,
Metallurgy, Mechanics and Materials Science 466,786.99 7,977.49 29,999.64 18,815.43 523,579.55 ?'
Total Collese of Engineering 3,285,654.39 147,698.81 362,261.50 193,704.30 3,989,319.00 ,
1 I
4 6
DISTRI8tf710N OF CENERAL FUND EXPENDITURES AND TRANSFERS--Col,*TINUED O
Expenditures Supplies and Transfers Salaries Labor Services E d pment Jin)Out Total INSTRUCTION AND DEPARTMENTAL RESEARCH--CONT!NUED College of Human Ecology:
Dean of Human Ecology $ 395,515.26 $ 16,488.17 $ 120,953.59 $ 3,558.91 $ 536,585.93 Family and Child Sciences 361,731.85 1,300.89 14,157.14 1.159.99 Family Ecology 378.349.87 301,313.96 4,052.84 14,678.29 1,089.18 321,134.27 Food Science and Human Nutrition 417,756.59 30,878.18 38,280.34 2,702.66 489,687.77 Human Environment and Design 503,012.75 7,711.37 29,047.79 13,647.39 553,419J o Total College of Human Ecology 1,979,33031 60,F3i35 217,117.15 22.158.13 2,279,037.14 College of Human Medicine:
Dean of Human Medicine '494,057.00 78,058.78 2,384,032.97 70,434.35 3,526,583.10 Anatomy 30',624.24 13,377.98 39,196.00 13,958.73 428,156.95 Anthropology 80,737.3I 4,440.00 . 85,177.31 j Biochemistry 215,254-46 . 17,078.00 4,399.76 6,805.00 243,539.22 Biophysics $5,090.F. 5,735.00 60,825.36 Family Practice 656,996.51 2,328.86 131,106 34 6,309.29 796,741.00 Medical Humanities 31,203.55 599.46 7,200.o0 1,854.63 40,857.64
- Medical Technology 100,374.31 1,800.00 18,129.00 1,817.59 122.120.90
, Medicine 982,295.76 8,201.83 87,436.00 3,500.00 1,081,433.59 Microbiology and Public Health 153,518.72 12,449.00 29,998.00 56.51 196,022.23 Obstetrics, Gynecology and Reproductive Biology 342,676.91 930.29 39,765.00 6,508.14 389,880.34 Pathology 382,811.12 9,541.00 50,100.00 4,25l.04 446,703.16
.f k Pediatrics and Human Development 828,197.00 2,S49.00 60,000.00 407.90 891,453.90 Pharmacology and Toxicology 310,790.54 21,262.00 8,349.87 340,402.41 Physiology 286,307.76 29,026.27 1,000.00 316,334.03 Psychiatry 665,929.38 6,614.73 61,183.00 4,288.19 138,015.30
,f Psychology 70,122.39 5,623.00 9,922.75 85,668.14 j Radiology 288,074.85 2,000.00 24,145.00. 2,127.46 246,347.31 Sociology $3,857.05 I,171.24 2,217.00 57,245.29
. Surgery 641,112.23 2,083.56 39,058.77 600.00 Zoology 682.854.56 14,406.81 3,278.54 6,894.51 l 550.00 a 26,129.86 Total College of Human Medicine 1,445,44 Q $ 157,712.27 3,067,925.6i 131,48333 10,802,491.60 James Madison College:
Dean of James Madison College 451,964.81 II,4tl.46 49,212.22 6,471.98 519,060.47-2 Lyman J. Briggs College:
Dean of Lyman J. Briggs College a
532,088.75 18,722.42 124,287.74 12.549.50 687,648.41
)
7
DISTRIBUTIC: OF CENERAL FIIND EXPENDITURES AND TRANSFERS--CONTINUED f
f Expenditures ,
Supplies and _ Transfers j Salaries Labor Services Egulpment (In) Out Total i INSTRUCTION AND DEPARTMENTAL RESEARCH--CONTINUED '
College of Natural Science:
Dean of Natural Science $ 426,826.10 $ 2,000.00 $ 161,357.09 $ 108,825.78 $ 699,008.97.
Astronomy and Astrophysics 166,493.58 21,849.03 26,585.40 5,443.59 220,371.60
, Biochemistry 312,994.91 9,169.59 59,426.00 19.242.26 400,832.76
! Biological Science Program 206,625.87 926.79 17,662.15 2,082.50 227,297.31 Biophysics 177,631.11 930.84 178,561.95 Botany and Plant Pathology 603,513.92 10,006.65 62,088.48 17.513.57 693,122.62 <
Chemistry 2,222,067.02 189,908.64 429,565.40 151,202.84 2.992.743.90 !
Entomology 282,816.81 11,647.59 34,700.49 23,811.43 352,976.32 l Geology 474,u ' .s 5,756.62 39,801.67 19,359.86 539,706.90 l Kellogg Biological Station 322,236.39 25,047.61 25,157.22 9,960.4% 382,401.64 t
}
Mathematics 2,940,173.90 13,643.50 92.391.78 1,838.29 3,048,047.47 l Microbiology and Public Health 243,703.44 20,712.84 63,016.00 17,943.01 345,375.29 !
Nursing 1,004,331.48 70,338.53 1,303.67 1,075,973.68 Physics 1,642,296.53 135,689.59 118,324.46 18,625.76 1,914,936.34 -j Physiology 102.955.70 8,110.00 10,218.46 121,284.16 Science and Mathematics Teaching Center 195,832.42 9,136.80 26,292.00 1,954.60 233,215.82 Statistics and Probability 550,388.37 510.18 ,
20,734.29 234.95 571,867.79 Zoology 699,158.01 5,558.00 74,840.60 13 2 665.81 793;222.42 3 Total College of Natural Science 12,574,834.31 469,D37 1,333,4 6 413,008.34~ 14,790,ME.94 College of Osteopathic Medicine:
Dean of Osteopathic Medicine 1,638,967.80 80,679.19 770,515.53 211,617.83 2,701,780.35 Anatomy - 258,424.69 5,653.34 21.000.00 1,837.12 286,915.15 Anthropology 67,460.32 I,500.00 6,843.25 75,803.57 I Biochemistry 174,296.52 1,937.36 32,870.00 1,939.56 211,043.44 Biomechanics 670,111.24 6,983.85 71,400.00 19,530.01 768,025.10 Biophysics 58,239.10 3,496.00 583.82 62,318.92 I
Community ,lealth Science 399,666.56 2,353.53 26,078.99 1,507.29 429,606.37
- Family Medicine 197,572.70 1,000.00 39,720.00 2,629.99 840,922.69 Medical Technology 57,616.73 499.79 3,290.00 318.68 61,725.20 l l
Medicine 475,478.17 468.97 28,624.66 2,072.40 506,644.20 j e
Microbiology and Public Health 204.126.89 9.850.00 33,959.00 .20,843.17 268,779.06 l Pathology 220,681.35 2,879.00 17,850.00 5.156.20 246,566.55 i Pediatrics 252,148.92 500.0b 22,000.00 718.23 275,367.15 Pharmacology and Toxicology 142,246.64 2,882.31 16.552.49 7,555.72 169,237.16 Physiology 241,303.20 2,949.55 16,575.00 27,073.95 287,901.70 ,
8
DISTklBtrTION OF GENF.kAL IUND EXPLhDITURES AND TLANSFEkS--CONilNUED l
f Expenditures
,8 Supplies and Transters
, Salaries Labor Services Equipment (In) Out_ _ Total INSTRUCTION AND DEPARTMENTAL RESEARCH--CONTINUED ~
College of Osteopathic Medicine--Continued:
. ~ 254,697.54 t Psychiatry $ 235,603.37 $ 3,089.43 $ 22,510.82 $ 3,493.92 $
i Psychology 13,274.82 3,264.00 16,538.82 i
Radiology 246,288.76 23,365.00 1,949.72 272,603.48 Sociology I,310.00 - 1,971.78 3,281.78 i'
Zoology 4bO77.00 4,910.19 9 062.68_. 3,300.00 62 349.87 Total College of Osteopathic Medicine 6,198,55435 129,47G 1,876,,949.20 312,527 3 7,835,,165 3 i College of Social Sciences .
1 Dean of Social Science 422,439.82 II,497.76 112,491.66 .'70,362.18 _616,791.42 Anthropology 420,293.91 1,066.57 21,676.54 443,037.02 Criminal Justice 491,185.91 191.75 25,869.00 517.246.62 Geography 563,862.07 4,138.83 35,868.86 603,869.76 l 26,484.83 105.71 324,977.05 Justin Morrill Inter-College Programs 297,925.25 461.26
[
Labor and Induatrial Relations 741,585.85 10,154.28 46,450.40 798,190.53 Political Science 817,606.88 1,857.33- 44,612.45 864,076.66 1
Psychology 1,806,540.16 20,297.56 115,603.73 1,942,441.45 Racial and Ethnic Studies 36,315.62 36,315.62
,? Social Science Multidisciplinary Program 83,368.97, 6,316.52 49,685.49
- Social Work 560,077.34 1,975.46 43,474.53 605,527.33 Sociolosy 882,605.45 6,783.86 38,642.74 928,032.05
- l t i ' Urban planning and Landscape Architecture 445 186.13 826.15 19 465.71 465,477.99
'I Total College of Social Science 7,535,,9M 3 59,256 77 SR 95 G 70,467.89 8,235,334799 4 I
, 'l University College:
Dean of University College 155,371.81 69,147.34 7,776.02_ ~
232,295.17 American Thought and Language 1,672,621.96 4,455.00 29,195.29 1,706,272.25 t Humanities 1,108,905.76 4,986.24 29,797.26 1,143,619.26 hatural Science 1,232,470.15 5,250.00 33,940.38. 1,271,660.53 Social Science 767,479.45 2,268.44 20,494.78 790,242.67 Student Affairs 477 870.46 7 800.00 26,719.02 512 389.48 4
Total University College 5.414,,719.59 . 24 339 3 209,29 G 7 7,776.02 5,653*U93 4 College of Urban Developments .
Dean of Urban Development 283,716.82 18,978.07 74,335.28 2,136.37 379,166.54 Racial and Ethnic St dies 225,004.70 2,487.10 18,211.21 245,703.01 Urban and Metropolitan Studies 356 700.87 1,666.86 26 408.85 437.54 385,154.12 Total College of Urban Development ~ ~ V,5,,422. 39 23,673~63 114~,,955.34 2,573.91 1,0lo,61E37 I
4 i
b 9
DISTRIBUTICJ OF CENERAL FUND EXPENDITURES AND TRANSFERS--CONTINUED a i
Expenditures a
Supplies and Transfers Salaries Labor Se rvices Equipment JIn) Out Total INSTRUCTION AND DEPARTMENTAL RESEARCH--CONTINUED College of Veterinary Medicine: i Dean of Veterinary Medicine $ 437,090.82 $ 29,132.00 111,181.41 $ 6,635.58 584,039.81
- Anatomy 165,085.74 9,385.91 18,554.00 17,162.18 210,187.83 Large Animal Surgery and Medicine 706,645.31 78,246.66 3,260.97 788,152.94
[
i Microbiology and Public Health 386,919.50 9,775.00 61,535.00 2,265.00 460,494.50 Pathology 533,778.22 12,797.49 16,000.00 5,041.31 l 567,617.02 ;
Pharmacology and Toxicology 167,947.57 2,354.26 17,749.36 189,609.19 !
Physiology 1.558.00 261,060.22 1,813.00 17,141.13 8,009.03 288,023.38 Small Animal Surgery and Medicine 772,942.95 500,11 56,000.00 2,354.23 831,797.29 {
Veterinary Clinical Center i 73 121,875.96 33,990.67 2.993.37 897 038.24 '
Total College of Veterinary Medicine 4,16(8178.24 648.57 187,633.73 410,398.23 49,D F 67 4,8i 960.20 l Separately Organized Instruction: I Aerospace Studies 10,207.70 7,570.61 17,778.31 Affirmative Action Graduate Assistzntships 131,995.83 131,995.83 't Clinical Center - Health Services 1,078,464.00 180,000.00 I,258,464.00 (
Continuing Education 802,081.32 22,297.00 49,556.99 655.04 874,590.35 Continuing t oucation Service - University ,
Extension 249,295.68 516,515.76 528,247.63 1,294,059.0I International Extension Credit Programs 297,214.43 63,892.18 20,859.27 381,965.88 Military Science 13,945.94 1,140.33 8,145.68 979.00 24,210.95 Susener Quarter 13 559 029.28 2 717.44 2 800.00 1,564.546.72 i Total Separately Organized Instruction 7,ili,,lHCid 606,562.71 797,,I307 6 1,634.04 5,547,c11.11 Accrued payrolls 1,033,382.57 1,033,382.57 Fringe 8cnefits - Instruction and Departmental Research J 3,943 2489.85 2,285,436.71
_l}s943:489.85 TOTAL INSTRUCTION AND DEPARTMENTAL RESEARCII 95.125,915.51 10,682,121.82 1,549,550.84 109,633,02Ci8 i
RESEARCH Institutes and Centers:
Animal Health Diagnostic Laboratory 541,332.20 35,503.00 15,000.00 591,835.20 Athletic Medicine Research 585.42 629.66 1,215.08 Bureau of Business and Economic Research 159,274.72 5,535.21 56,567.36 . 228,377.29 i Career Development Model 4,844.85 I,858.20 18,189.19 6,425.75 31,317.99 Centennial Review 9,806.76 200.00 13.149.25 '23,156.01 Comumanity Health Science 429,187.62 9,692.29 32,043.00 497.00 471,419.91 Computer Institute for Social Science Research 2,094.18 300.00 2,394.18 Division of Engineering Research 334,646.31 130,164.00 60,000.00 64,776.14 589,586.45 i
- 10
. DISTRIBUTION OF GENERAL FUND EXPENDITURES AND TRANSFERS--CONTINUED Expenditures Supplies and Transfers Salaries Labor Services Equipment J in) Out Total RESEARCH--CONTINUED ,
Institutes and Centers--Continued:
Environmental Quality Center $ 45,848.35 $ 1,391.80 $ 3,574.14 $ 50,814.29 4
Environmental Tosicology Center 1,818.76 2,094.44 3,913.20 l Humanities Research Center 22,500.00 22,500.00 Office of Medical Education, Research and Development - Human Medicine 337,699.00 3,798.94 40,000.00 $ 3,186.22 384,684.16 Office of Medical Education, Research and Development - Osteopathic Medicine 209,952.44 241.80 13,248.00 1,836.09 225,278.33 MSU/NSF Heavy Ion Laboratory 430,984.84 10,927.04 6,651.00 - 448,562.88 MSU Press 22,981.50 22,981.50 j Pesticide Research Center 4,404.81 2,052.85 2,007.50 8,465.16 Plant Research Laboratory 304,035.97 304.035.97 Social Science Research Bureau 116,023.69 8,185.34 24,379.08 148,588.15 Water Research Institute 180,468.11 2,456.10 47,472.36 2,736.91 233,333.48 Youth Sports 104.586.41 8,000.00 71,629d2 11,050.32 '195,266.35 Total Institutes and Centers 3,239,509.02 207,026.68 434,193.25 99,79 C59 3,980,525.54 4
5
, i* Individual or Project Research:
, , All University Research 169,790.63 169,790.63 Fringe Benefits - Research 594,369.27 594 369.27 TOTAL RESEARCH 3,833,878.29 207,026.68 603,983.88 99,196.59 4,744,,55534
\ '
- PUBLIC SERVICES
' ; Community Services:
- Farmers' Week 19,827.80 19,827.80 i Highway Traffic Safety Center 401,858.56 40,001.22 441,859.78
! Institute for Community Develornent 238,848.33 238,848.33
' 1.258,698.50 i
Instructional and Public Television 1,234,514.50 20,000.00 2,802.00 1,382.00 Professional Liability Self-Insured Plan $ 169,152.46 169,152.46 Radio Broadcasting 416,764.46 31,150.9:t 447,915.39 i Center for Urban Af fairs 233,518.86 7,927 3 54,044.15 1,441.57 296,931.73 Total Consunity Services 2,525,504.71 27,927.15 147,826.10 2,823.57 169,152.46 2,873,233.99 i Fringe Benefits - Public Services 609,150.86 609 150.86 TOTAL PUBLIC SERVICES 3,134,655.57 27,927.15 147,826.10 2,823.57 169,152.46 - 3,44(35Ci5 ACADEMIC SUPPORT Libraries:
Libraries 2,507,476.50 406,844.48 476,985.34 I,872,002.75 5,263,309.11 i
11
C DISTRIBl7TICJ OF CENERAL ITND EXPENDITURES AND TRANSFERS--CONTINCD Expenditures Supplies and Transfers Salaries Labor Services Eguipment .n) out Total ACADEMIC SUPPORT--CONTINUED Museums and Calleries:
Abrams Planetarium $ 139,527.15 $ 101.50 $ 4,180 24 $ 143,808.89 Kresse Art callery 5,351.00 21,287.85 26,638.85 1 Museum 329,574.49 8,325.94 22,833.27 $ 5,932.25 366,665.95 4 Total Museums and Galleries 469,IOT 33 13,77 G 3 48, E 33 5,932.25 537,113.69 Audio-Visual:
Instructional Media Center 562,649.07 44,000.00 26,560.21 7,530.93 640,740.21 _
Computing Support: ;
Computer Laboratory 879,036.00 90,000.00 329,453.00 1,298,489.00 '
Ancillary Support: .
Agriculture and Natural Resources Education Institute 107,844.41 9,205.78 5,845.00 295.76 123,190.95 ,
English Language Center 261,853.65 697.99 8,500.00 275,051.64 ;
Craduate Program Improvement and Research Development 5,131.07. 5,131.07 International Centers and Institutes 451,903.94 5.327.14 69,331.82 2,333.62 528,896.52 Laboratory Animal Care Service 156,344.34 17,000.00 8,588.25 43,735.75 225,668.34 Laboratory Animal Care Service - Human Medicine 23,151.34 8,200.00 31,351.34 Learning Resources Center 95,562.12 6,741.20 6,024.47 108,327.79 Provost's Special Instruction 157,404.53 $ 15,000.00 172,404.53 Physical Education Instructional Service 58,548.80 58,548.80 Special Programs--Assistant Provost 68,704.92 1,479.66 6,722.86 2,204.44 79,111.88 Special Programs--Handicapper Programs 36,910.80 24,384.85 14,917.04 46,865.59 123,078.28 Special Programs--Support Services 90,696.80 28,105.96 8,212.74 1,370.36 128,385.86 University Farms 62,279.36 3491163.32 273,038.36 5,192.00 689,673.04 Total Ancillary Support 1,355,251.68 442,i05.90 630,I M I 101,99732 15,000.00 2.533,820.04 Academic Administration and Personnel:
Secretary for Academic Covernance 50,784.13 12,250.00 63,034.13 Director of Academic Services 133,696.23 31,098.66 10,028.25 174,823.14 Dean of Graduate School 230,407.96 ' 67,812.87 2,475.46 299,996.29 r Oifice of Health Services 104,396.13 724.49 23,915.60 3,415.32 132,451.54 Honors College 182,586.77 5,792.27 29,708.26 238,087.30 Dean of International Studies and Programs 295,785.63 6,205.32 10,608.90 1,341.12 313,940.97 Lifelong Education Programs 243,798.72 11,505.00 25h303.72 Total Academic Administration and Personnel 1,241,455.5/ 12,722.08 186,199.29 17,260.15 1.457,337.09 12
DIS 1RIBUT10N OF GENERAL FUND EXPENDITURES AND TRANSFERS--CONTINUED 4
) Expendit y s Supplies and Transfers Salaries Labor Services Eguisment .(In) Out Total ACADENIC SUPPORT--CONTINUED Course and Curriculum Development:
{-
1 Educational Development Pro 8 ram $ 2,169.27 $ 2,169.27
, Learnins and Evaluation Services { 460g 433.8) $ 3,390.00 81,608.51 [ 9,569.25 555,00lA9 j Total Course and Curriculum Development 460,433.83 3,390.00 83,777.78 9,539.25 557,170.85
- Frinse Benefits - Academic Support J ,487,242.03 1,487 a 2My .
TOTAL ACADEMIC SUPPORT 8,9f2,646.32 1,012,840.90 1,788,748.96 2,014,292.85 $. 15,000.00 13,786,522.03
- . STUDENT SEkVICES
- j.
Student Services Administration:
- Dean of Students Office 921,985.71 17.482.64 103,251.44 1,042,719.79 f Vice President for Student Af fairs and Services 302 502.68 916.44 31 590.40 9,907.28 . 344a 916.80 I' Total Student Servirea Administration 1,224,,488.39 18,399.08 134,,54I 3 1 9,95f33 1,3i7,55 G 9 I
} Social and Cultural Developments
,t Alumni Memorial Chapel 15,531.00 660.36 s 16,198.36 Athletic Department - Student Admissions 469,228.00 469,228.00 4 Communication - Forensics 6,000.00 6,000.00 Director of Lecture Concert Series 85,106.58 5,824.00 8.350.00 99,280.51 t
Intramural Sports and Recreative Services 204,976.68 214,035.00 1,680.00 420,691.68
- Student Lecture Concert Series 16,350.01 32,000.00 48,350.01 Union Buildina 138,889.44 162,600.00 50,383.43 358,872.87.
\ Service-Learning Center ~
3 845.73 415,,I85 774 '
28,214.30 469,228~5d 32,060.03 I,44),D G 4
\ Tctal Social and Cultural Development 428,972.63 127,288.09 j Counselins and Career Guidance:
Counselins Center 1.054,314.43 '2,078.09 48,525.00 1,497.80 1,106,415.32-Foreign Student Advisor 75,887.32 2,187.54 8,698.81 86,773.67 ombudsman 52,319.58 2,458.75 '542.60 55,320.93-Placement Services 409 693.48 29,769.62 75 a 897.95 52431.70 - 520,792.75 Total Counselins and Career Guidance I,595,,N Cii 34,035.25 135,580.51 7,U5'I5 1,769,502.67 Finar.cial Aid Administration:
Financial Aids 560,476.38 22,949.28 69,668.80 3,154.56 656,249.02 r i 4 !
1 13
uN DISTRI8UTICD OF GENERAL FUND EXPENDITURES AND TitANSFERS--CONTINUED l
Expenditures Supplies and Transfers i
( Salaries Labor Services Equipment (in) Out Total
-f STUDENT SERVICES--CONTINUED Student Admissions and Records:
Admissions and Scholarships $ 850,115.18 $ 28,563.00 $ 202,034.07 $ 3,708.52 $ 1,084,357.77 I Registrar 1,111,203.30 40,000.00 203.166.00 1,354,369.30 '
Registrar - Major Printing 95,000.00 95 3000_,_00 Total Student Admissions and Records 1,961,318.48 68,500.00 500,200.07 3,708.52 2,533,727.07 l Fringe Benefits - Student Services I.104,041.71 l04 a 041.71 TOTAL STUDENT SERVICES 6,871,512.40 562,069.35 967,579.31 24,242.46 $ 469,228.00 J ,394,638.52 8,
l SCHOLARSHIPS AND FELLOWSHIPS Scholarships:
Applicat,on Fee Waivers j 4,226.53 4,226.53 Financial Aid Matching Funds 15,140.21 125,366.29 140,506.50 l Foreign Student Assistance 22,119.50 22,119.50 Student Aid Grants 3,251,426.41 3,251,426.41
, Student Loan Fund - Other (212,606.46) (212,606.46)
Undergraduate Scholarships 1 22 17,429.37 1 240 783.00 .i Total Scholarships 7 N I(3 266.25 353.63 (69,110.80) 7,,M455.48 '
Fellowships:
l Equal Opportunity Graduate Fellowships 370.597.15 370,597.15 Graduate / Post Doctoral Scholarships and Fellowships 385,698.16 _~385 691.16 Total Fellowships 756d88.31 15a 2J TOTAL SCHOLARSHIPS ANO FELLOWSHIPS 5,272,55T.59 (69,810 3 ) 5,202,743.79 4
INSTITUTIONAL SUPPORT Executive Management:
Board Members' Expenst '21,240.03 '21,240.03 President 208,948.55 97,046.95 1,860.10 307,855.60
, Presidential Selection Committee . 1,489.04 1,489.04 Provost and Vice aresident for Academic Affairs 1
694,193.96 16,121.50 189,763.48 20,885.21 920,964.15 Secretary to the 'oard of Trustees 33,746.47 23,242.38 2,310.51 59,299.36 Vice President for Administration and Pubtic Affairs 331,318.34 58,036.70 11,623.99 400,979.03 Vice President for Finance and Operations 38,137.97 7,732.76 12,347.00 58,217.73 l Vice President for Research and Graduate Studies 191,296.73 31,552.24 64,554.09 287,403.0(
Vice President for Development 154,744.53 4,942.59 21,643.29 1,005.17 182,335.58 Vice President for University Relations 48,067.22 16,242.75 10,821.76 75,131.73 Assistant Provost for Health Programs 79,887.75- 79,887.75 - 4 Associate Vice President for Business and Finance 277,267.71 1,728.31 18,314.16 41,280.09 3'd ,590.21 Institutional Research 505,183.57 8,184.65 31,477.78 3,230.94 - 548,076.94 j
General Counsel 5LO75.06 5 109,903.53 - !
Total Executive Management 2,613,567.86 30,917.05 57(8828.47 310.03 -169,918.86 3,391,373.80 ;
l s
14 l
i DISTRIBUTION OF GENERAL FUND EXPENDITURES AND TRANSEERS--CONTINUED t'
'I Expenditures
!; Supplies and Transfers i Salaries Labo r Services Eguig Jin) Out Total
- ?
l INSTITUTIONAL SUPPORT--CONTINUED
! Fiscal operations:
,t Contract and Grant Administration .$ 343,267.10 $ 6,740.19 $ 20,260.02 $ 370,267.31 18,834.95 1,626,725.76
~
Controller's Office 1,256,438.77 82,704.25 268,747.79 $
laternal Audit 178,090.08 13J71.39 477.81> 192,139.28 Total Fiscal Operations 1,777,795.95 89.444.44 302,579.20 19,312.76 2,189.132.35 1
General Admir.'strative Services Association tiesberships 169,787.28 169,787.28
- j Data Processin8 Laboratory 1,425,079.28 79,971.28 I,039,932.77 '4,571.74 2,546,555.07 t . Employee Physicals 42,401.48 42,401.48 Faculty Grievance Office 53,422.08 2,409.42 55,831.50 Human Relations 173,056.73- 2,787.13 32,797.65 128.63 208,770.12 l
Office of Le8al Services 64,605.57 1,085.00 20,675.00 268.70 86,634.27 Assistant Vice President for Personnel and
' Employee Relations 871,963.37 8,019.82 - 109,374.54 5,554.38 994,912.11 1 Professional and Consultin8 Services 166,851.40 166,851.40 Union Released Time 25,037.77- 25,037.77
- l 57,155.76 6,761.01 8,501.31 3,463.56 75,881.64 Univeasity Archives and Historical Collections 5,765.37 i
University Editor 4 820.21 945.16
,' ~
1,597,,53i~06 II,9327H 4,3 78,/,28.Di '
. Total General Administrative Services 2,645,282.79 123,661.99 4 Lo81 stical Services: 245,104.77 Campus Mail Service 62,395.18 169,000.00 13,709.59 General Stores 149,132.16 371,000.00 54,073.59 574,205.75-9 Inventory 77,083.40 3,500.00 6,628.02 87,211.42 lustructional Media Center-Photo 8raphic Laboratory 34,964,00 23,375.25 1,040.59 59,379.84 Office Services 17,572.32 17,572.32 Protective Services 929,596.16 134,661.68 144,826.26 42,9 % .25 1,252,080.35 l 528,618.77 Purchasin8 447,235.48 3,000.00 78,383.29-Radiation, Chemical and Biolo8i cal Safety 126,876.16 76.50 173,179.13 14,548.75 314,680.',4 Salety Services 90,638.41 53,621.28 - 30,471.77 5,758.92 180,490.38 Telephones 18,766.29 90,966.52 27,490.57 137,223.38 University Services 101.455.20 5,587.00 57,632.55 170,674.75 Total Lo81 stical Services 2,061,714.76 825,825.98 557,724.47 121,97 E06 3,567,242.27 I
(
)
1 15 a
DISTRIBUTION OF GENERAL FUND EXPENDITURES AND TRANSFERS--CONTINUED .
Expenditures Supplies and Transfers ,
_, Salaries Labor Services Equipment (in) Out Total INSTITUTIONAL SUPPORT--CONTINUED Community Relatfors:
Alumni / Donor Recards $ 10,437.57 $ 66,343.r8 76,780.65 Commencement $
$ 2,191.00 118,779.87 120,970.87 Documentary Films 1,499.56 1,499.56 Information Services 563,872.49 8,700.00 78,263.40 643,785.89 Institutional Reporte 10,677.15 MSU Development Fund 10,677.15 238,078.25 231,078.25 '
NSU Scene 78,108.15 News Bulletin 78,108.15 l 29,739.53 29 739.53 i Total Community Relations 805,338.31 10,891.00 376,li6!73 Fringe Benefits - Institutional Support 1.192I646!65 231283063.00 2,128 063.00 TOTAL INSTITUTIONAL SUPPORT 7 ,632,0323 7 1,080,800.46 3,410,875.50 $ 313.140.85 - 16,iR,,5T973 I
OPERATION AND NAINTENA""E OF ILANT Academic Space Rental 741,273.00 741,273.00 Campus Park auf Planning 210,623.08 4,428.92 5,982.61 I,614.90 Capital Acquisitions 222,649.51 6,636.80 6,636.80 '
Classroom Improvements 47,099.76 Contingencies 47,099.76 139,129.17 139,129.17 Custodial Services 121,836.06 3,185,280.07 276,097.35 10.327.05 3,593,540.53 Deferred Maintenance 7,500.00 7,500.00 Electrical Naintenance and Repairs 461,939.25 225,489.48 3,679.90 691,108.63 Engineering Planning 148,000.00 19,978.49 1,000.00 168,978.49 Fire Protection 114,540.62 114,540.62 Crounds Maintenance 223,808.72 590,509.26 228,218.25 91,394.96 1,133,931.19 Neating, Ventilation and Air Conditioning 711,253.36 331,407.01 3,732.46 1,046,392.83 Incinerator Operation 31,991.41 63,850.12 95,841.53 Insurance 566,323.35 566,323.35 Kellogg Biological Station Maintenance 34,519.85 81,533.27 15,156.46 3.581.80 134,791.38 Kellogg Biological Station Utilities 71,413.58 71,413.58 Maintenance Supervision 275,784.51 43,850.86 41,491.54 900.00 362,026.91 Office Rent 172,552.48 172,552.48 i
f 1
16
e 4
DISTRIBITflON OF GENERAL FUND EXIENDITURES AND TRANSFER $--CONT 8h0ED Expenditures
..#' Supplies and Transfers Salaries Labor Services Equirment (In) Out Total-OPERATION AND MAINTENANCE OF PLANT--CONTINUED Paint Maintenance and Repair $ 301,85I.21 $ 149,818.81 $ 1,000.00 $ 452,670.02 Physical Plant Administration 238,927.09 102,381.67 60,838.35
$ 402,147.11 Plant Maintenance and Repair 1,715,392.81 218,622.20 1,934,015.01 Plumbin8 Maintenance and Repair 265,270.50 96,571.86 2,752.70 364.595.06 vv Power Plant Fuel 6,831,164.56 6,831,164.56
- Purchase of Cas and Fuel 48,000.00 41,000.00 Purchase of Electricity 863,257.75 863,257.75 Roads and Parkin8 Repairs 85.213.60 85,213.60 Sewage Service and Debt Payment 803,947.91. 803,947.91 Special Alterations and Improvements 360,945.03 360,945.03 Special Grounds Maintenance 67,574.53 67,574.53 Structural Maintenance and Repair 451,941.02 178,067.61 3,343.83 633,352.46 '
Student Services Facilities 3,360.40 3,360.40 Truck Replacement 73,175.53 73,175.53 Utility Consultin8 2,707.20 2,707.20 1 Utility Services 197,609.03 843,230.85 664,356.26 2,653.82 1,707,849.96 i Vector Control 2,487.49 2,487.49 i Fringe Benefits - Operation and Maintenance of Plant I 946 3139.55 135,595.45 167,262.48 2.248 997.48
\ ~~~5,,249,i{f!85 7,256,6757T5 15,209,650.04 478,617.50 26,i94,,190!!6 Residence Halls Utilities Abatement _1 43 559,273.08) ,_f3559273.08) ya TOTAL OPERATION AND NAINTENANCE OF PLANT 3,249,247.89 7,256,675!I3 II,650,3fl!93 478,617.50 22,e34,917.78 i
i
/
e 17
L DISTRIBUTIC C CENERAL FUND EXPENDlit*ES AND TRANSFERS--CONTINUED Espenditures Supplies and Transfers
~~ ~
PLANT IMPROVENENT AND EXTENSION Facility Espansion $2,180,934.91 $ 2,180,914.91.se' DERT SERVICE 989,118.62 989,118.62 TOTAL GENERAL FTSR) EXPENDITURES AND TRANSFERS $133,209,918,65 $12,432,776.68 $34,517,060.12 $4,492,464.66.$3,753,623.19'$188,405,843.30
========= ============== ============== ============= ============= =========
_ Transfers.
Mondatory:
Student Loan Fund: ;
Loan Matchin8 Funds $ 125,366.29 '
Debt Service 30,064.05 Plant Fund:
Debt Service 864,662.57 TOTAL $1,020,092.94
=
Other
. Auxiliary Activities Fund - Athletics $ 469,228.00 Desi8nated Fund Puhtle Service 184,152.46 Student Aid
- 17,429.37 Plant Fund - Facilities Espansion 2.275,326.88-Student Loan Fund - Student Aid j 212,606.46)
TOTAL $2.733,530.25
=
I i
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18
DESIGNATED FUNDS MICHIGAN STATE UNIVERSITY Year ended June 30, 1980 Revenues 8alance Departmental Transfers Balance g
July 1. 1979 Gifts Activities Expenditures _In (Out) ~ June 30. 1980 INSTRUCTION AND DEPARTMENTAL RESEARCH Advanced Management Program $ 42,353.67 $ 263,639.61 $ 238,412.92 $ 67,580.36 Agricultural Economics Publications and Materials 2,298.89 2,027.35 1,865.94 2,460.30
' .g Agricultural Economics Royalties 896.48* $ 896.48 j
- 6,492.33 Agricultural Leadership Training 6,492.33 American Thought and Language Royalties 46.89 (46.89)
Band Records Royalties and Activities 4,385.54 9,832.38 9,704.75 4,513.17 Business Services Royalties 846.43 (846.43)-
Class Projects 17,985.90 17,507.58 5,277.18 .5,755.50 College of Human Medicine Royalties 904.61 .
(904.61)
. Cucumber Picker Royalties 425.00 425.00 Dairy Plant 24,358.49 223,712.99 232,639.16 15,432.32 D iry Science Programs 108.25* 50,581.16 60,524.04 10.051.13*
! Dietetic Instructional Resources 519.24 (519.24)
Distinguished Faculty and Staff Awards $ 16,000.00 . 16,000.00
, Educational Development Fund 15,609.54 17,685.55 2,487.64 30,807.45 i
- Educatiocal h terials Development 986.66 (986.66)
Entomology Computer Applications 8,012.50 41.766.93 38,689.78 11,089.65 Family and Child Sciences - Family Life 1,682.59 2,622.00 3,084.88 1.219.71 4 4 H.R.I. 435 Laboratory 750.00 6,307.24 6,774.97 282.27
- Mealth, Physical Education and Recreation Royalties 1,404.62 (1,404.62) l
\ Human Environment Royalties 166.74 (166.74) e Humanitier Royalties 379.21 (379.21) lastitute for Family and Child Studies Publica*. ions 7,536.81 3.87 7,532.94 lastruction and Conference Materials 4,499.77 3,633.07 856.70 laternational Extension 468,753.14 1,350.00 1,454,251.90 1,374,025.29 550.329.75 Laboratory Prescaool 7,257.77 61,561.19 48,526.74 20,292.22 s Lifelong Education Programs 449,393.41 2.555.65 3,798,76's e,0 3,706,240.71 544,473.95 Mechanical Testing 300.00 6,000.00 7,246.72 946.72*
- Music Performance 1,553.00 4,000.00. 9,522.91 11,152.29 . 296.52 , 4,220.14 Natural Science Royalties 4,058.02 (4,058.02)
President's Discretionary 23,538.17' 25,014.51 586.75 20,502.43 28,637,00 4
l Psychological Clinic 2,752.21 22,346.92 15,144.56 9,954.57 i Reading Clinic 2,050.70 3,240.00 4,054.30 ~1,236.40 Red Cedar Review 1,241.77 1,366.97 2.178.55 430.19 School of Nursing Instructional Materials 5,540.58 948.59 2,217.84 4,271.33 s
19
DESIGNATED FUNDS--CONTINUED Revenues Balance Departmental Transfers Balance July I, 1979 Cifts Expenditures June 30, 1980 Activities in (Out)
INSTRUCTION AND DEPARTIENTAL RESEARCH--CONTINUED i Social Science Royalties $ 59.68 1 Spartan Nursery School $ (59.68) 7,720.82 $ 15.270.70 $ 13,064.78 9,926.74 Veterinary Histology Instructional Materials 1,000.00 1,900.88 2,056.26 a
YouthsMusic Camp 844.62 I,759.73 80,233.76 50,920.56 31,072.93
. Accruai Payrolls 12_1913.25*
(20 7 TOTAL INSTRUCTION AND DEPARTMENTAL RESEARCH 1,070,6E D 7 $ 48,920.16 6,104,183 84 5,8655,507.14) 77M (2,901.92) 1,356,593.89,36038 RESEARCN African Studies Cer.ter Publications 7,638.10 9,504.93 3,513.93 13,629.10 Animal Husbandry Livestock Operations 292,630.63 1,136,729.41 1,237,097.45 192,262.59 j Asian Studies Center Publications 2,688.98 938.01 i
R,538.28 7,786.19 4,379.08
' Bureau of Business and Economic Research 37,193.27 63,578.12 69,143.41 31,627.98 Chatham Experiment Station Woodlot 409.87 409.87
- College of Urban Development Publications 400.00 296.30 1
Communication Outlook 327.88 '368.42' 4.840.58 10,920.96 11,058.08 4,703.46 Comnenication Studies Analyses 627.39 247.76 175.21 Deiry Cattle Research 699.85 >
4 3,533.42* 29,454.39. 149,584.08 123,663.11* '
Educational Pul,lications 1,207.37 13,524.93 12,522.15 1,21J.15 Flower Seed Tr hls 1,943.51 7,704.41 6,621.41 3,026.51 Fruit and Vegetable Quality Analysis 5,000.00 4,546.42 453.58 Midden Lake Gardens - Improvement of Plants 5.743.57 2,348.36 481.54 I.I.S.E. Publications and Services (8.573.47) 2,250.25 25.00 1,248.40 1,481.54 2,042.11 Labor and Industrial Relations Publications 1,962.92 5,057.47- 2,977.61 4,042.78 j Lake Management Publications 1,500.00 1,113.74 386.26 Latin American Studies Center Publications 1,018.65 1,856.62 435.65 2,439.62 i
Learning and Evaluation Service Optical Scanning 1,585.61 550.00 9,972.12 10,338.43 '1,769.30 Linguistics Conference 272.37 504.25 98 50 678.12 Motor Performance Study 6,573.09 32,483.32 29,801.99 9,254.42 off-campus Experimental Farms 2,352.43 3,339.93 4,074.85 Pest Management Publications and Curriculus Materials 1,617.51 300.55 735.30 977.92 57.93 i Purebred Livestock Operations 3,199.24 17,300.11 24,616.55 4,117.20*
5 Russian Language Journal 1,061.76 8,053.01 7,098.71 2,016.06 Social Science Research Bureau 11,471.72 10,723.35 13,877.00 10,000.00 18,318.07 l University Center for International Rehabilitation
! Publication 77.35 4
Upper Peninsula Esperiment Station 77.35 88,789.30* 132,965.13 154,556.25 110,380.42*
U.S./U.S.S.R. Symposium 197.67 Water Quality Research (197.67) 1 986.67 1 937.76 818.00 3,106.43
- TOTAL RESEARCH ."-'297,,iU."J9 3,861.37 1,5T3,,7] D 5 1,755,052!82 1,228.86 61,06 D 5 i
J
'
- 20 9
DES!CNATED FUNDS--CONTINUED Revenues
' i Balance Departmental Transfers Balance July 1, 1979 Gifts .ctivities Expenditures In (Out)~ June 30 1960 PUBLIC SERVICES Abrams Planetarium $ 24,505.83 $ 15,728.00 $ 91,073.80 9 107,059.18 $' 24,248.45 Af firmative Action Publications 1,000.00 1,942.50 279.00 2,663.50 Alumni Placement Services 23,501.18 93,786.79 113,339.38 '3,948.59 Animal Health Diagnostic iaboratory 3,486.40* . 466,736.95 421,311.62 41,93d.93 Archives and Historical Collections Guide 217.64- 7.50 225.14.
l Atlas of Michigan 32,242.54* 1,850.74 $ 15,000.00 15,391.80*
l Career Education Resources 30,000.00 146.85 47,112.61 48,663.36 28,596,10 i
Children's Art Class 3,353.50 3,650.00 5,325.88 .
1,683.62 1
Clinical Pharmacology - Toxicology 869.06 (869.06)
College Week 25,045.12 77,545.15 51,728.97 771.06*
l Community Health Science Servic--* 5,425.00 2,186.94 3,238.06
', Cyclotron Services 11,224.64 14.00 783.72 2,113.09 9,905.27 Educational Mateafals - Experiment Station 3,997.50 1,610.95 4,251.89 1,356.56 7 Educational Materials - Extension 2,735.31 663.27 3.774.83 376.25*-
Educational Tours 4,028.69 4,028.69 English Language Center Testing 1,458.84 10,876.00 13,006.37 671.53* '
Ectomology Field Research 3,014.53 370.00 3,896.17 5,964.60 1,316.10 i . Extension Publication Sales 14,611.38* 104,734.48 75,428,12 14,694.98 Family Life Clinic 7,881.60 560.00 16,735.04 16,223.99 . 8,952.65 Family Living Education 4,160.03 2,224.00 22,460.06 12,079.17 .16,764.92
^
Farmers' Week 49,341.77 31,583.81. 17,757.96 4-H Youth Activities 111,093.72 258,193.35 245,398.81 123,888.26
! Hidden Lake Gardens Sales Counter 3,000.00 3,937.50 5,134.92 1,802.58 i High School Journalism Day 88.57 3,114.00 -2,856.96 .345.61 Kresse Art Gallery Sales 296.00 2,459.61 2,268.76 .
486.85 Institute of Agricultural Technology Programs 3,068.82 500.00 13,652.66 4,309.34 12,912.14 s Instatute for Community Development 10,333.60 82,404.11 91,344.31 1,389.40 l Lansing Guild - University Opera Music .37 3,083.50 3,083.87 Medical Services Plan - Human Medicine 1,110,932.39 1,880,994.41 1,485,607.95 (142,491.99) 1,433,826.86
{ Medical Service Plan Osteopathic Nedicine , 384,314.62 993,336.52 903,414.53 (41,417.23) 432,819.38 I!
Il n
d t 4
4 21
DESICNATED FUNDS--CONTINUED
+
L Revenues Balance Departmental Transfers Balance July 1, 1979 Cifts Activities Expenditures 'In (Out) June 30, 1980 PUBLIC SERVICES--CONTINUED Medicine Animal Typing $ l.397.15 $ 14,498.20 $ 14,578.24 $ 1,317.11 Michigan Argricultural Model 3,000.00 19.90 2,980.10 Museum 10,023.56 24,460.89 30,513.15' 3,971.30 j Nusic for Children 746.00 8,023.60 7,633.38 1,136.22 Orchard Monitoring Service 1,120.36 1,120.36 Organizational Development and Research 445.08 1,942.99 2,540.87 152.80*
Packaging Testing and Material Distribution 1,475.98- 7,446.03 9,000.09 78.08*
Plan Service - Agricultural Engineering 9,216.63 7,476.37 8,566.50 8.126.50 Plant Analysis 1,640.16 9,382.51 9,310.84 1,711.83 Potato Late slight Forecast 5,345.00 4,400.00 4,770.69 4,974.31-Publications and Services 500.00 6,506.19 2,893.90 , . 4,112.29 Self Inaured Fund - Professional Liability 158,068.67 693.311.91 $535,243.24' Small Fruit Crop Virus Certification 3,964.73 6,286.29 9,518.08 732.94 Soil Testing 13,429.95 119,024.42 110,881.13 21,573.24 ;
! s i Speech and Hearing Clinic 20.332.69 59,974.13 55,470.63- 24,836.19 Telfare 53,483.56 315,%34.32 308,175.77 60,742.11 Telplan 34,643.19 20,108.85 35,614.61 19,137.43 TV Premiums and Program Cuide , 10,540.27 $ 360.00 242,430.59 259,549.32 6,218.46*
Veterinary Medicine History Book 5,150.00 5,088.70 61.30 TOTAL PUBLIC SERVICES 1,863,046.43 19,898.85 5,202.522.18 5,186,371.73 ~Il7,193.93 2.316,289733 ACADEMIC SUPPORT q Anatomical Services 2,403.84 12,204.98 9,046.0S' 5,562.77
, Cobalt Irradiation 2,000.00 750.00 2,232.75 517.25 i Learning Resources Center 825.81 3,198.19 3,432.16 591.84 TOTAL ACADEMIC SUPPORT 5,229735 16.153.17 14.710.96 6,671.83
! STUDENT SERVICES i Alumni Scholarship - Football Outing 4,877.50 21,482.75 25,502.07 858.18 Day ~ re Center 1,863.31* 168.75 180,413.62 171,818.49 6,900.57 Lecture Concert Series 132,811.49 125.00 334,413.82 357,482.17. 109,868.14 Microfilming -28,337.77 29,412.60 30,905.45 26,844.92 Red Cedar Log Yearbook 29,242.48 70,696.34 136,605.10. '36,666.28* 1 Special Examinations 269.74 5,266.42 4,616.52 919.64 University Theater . 13,885.67 75,740.58 78,682.50 10,943.75 TOTAL STUDENT SERVICES 207,53i734 293.75 787,426.13 805,3I2!30 119,335752 4
k
) 22'.
4 5
6.SIGNATED FUNDS--CONTINUED Revenues Balance . DepartmentaI Transfers 'Salanct July 1, 1979 Gifts Activities Expenditures in (Out) June 30, 1980 SCHOLARSHIPS AND FEi.!DWSHIPS
-Alumni Distinguished Scholarships $ ,11,627.13* $160,000.00 $ ~ 174,302.24 $ 25,929.37 INSTITUTIONAL SUPil)RT HSU Development Fund 713,596.01 281,328.63 _ $ 432.267.38 TOTAL DESIGNATED FUNDS $3,436,127.65 $946,570.14 $13,554,020.49 $14,085,956.17 $441,450.24' $4,292,212.35
, =-_.-= = =========== ======.u===== ============== .===========- ========rr 3=
1 Transfers General Fund $201,581.83 Auxiliary Activities Fund 249,286.56 i Expendable Restricted Fund (17,918.15) l Endowment Fund 8,500.00 TOTAL $441,450.24
---
1 1
9
- Indicates overdraft.
0 4 %
n i
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4
'23-
AUXILIARY ACTIVITIES FUNL3 1 MICHICAN STATE CIVERSITY Year ended June 30, 1980 Balance Transfers In (Out) Balance July 1, 1979 Revenues _. Expenditures Mandatory other June 30, 1980 1-RESIDENCE HALLS, APARTMENTS, AND RELATED ACTIVITIES Residence Halls:
Akers Hall:
Building $ 923,616.93 $ 737,393.26 Dining Room 1,409,491.97 1,120,208.01
.. Crill 91 226.87 62 2,424335~77 't,9IV)233.17 RJ G $ (527,804.19) $ 23,302.86' B Brody Group:
Building 1,913,378.69 1,770,044.84 Dining Room 2,962,820.33 2,353,503.98 Grill 95 a 335.66 61 331.01 4,971,53C68 4,1I4,,875~53 (593,654.85) (193,000.00) B Case Hall:
Building 771,399.74 637,107.16 Dining Room 1,221,125.71 1,012,680.83 Grill 84,144.11 63 171.54 2,076,669.56 1,712,959 3 3 (363,710.f3) B Fee Hall:
Building 553,384.85 151,760.52 '
Grill 127 526.41 95 209.81 686 911 3 6 246hT633 (375,000.00) (75,r00.00) B 16,(.59.07 D Holden Hall:
Building 961,327.68 863,666.06 Dining Roon 1,483,203.10 1,126,026.86 Grill 99,998.04 80,242.23
] 2,544,528.82 2,069,M535 (474,593.67) B Holmes Hall:
Building 887,005.89 702,446.87
, Dining Room 1,356,698.43 1,097,240.89 1 ' Grill 84 379.43 61 915.19 2,32K*DR3.75 1,86d6dE95 (412,722.71) (53,758.09) B Hubbard Hall:
Building 907,871.62 731,193.38 4
' Dining Room I,386,811.27 1,093,684.26 Grill 65,433.80 56 i 2,360,11 G 9 ' ~ 1,88T'549.57 U73T (478,689.48)
} Mason-Abbot Hall:
Building 541,953.87 528,955.17 Dining Roos 878,171.35 751 983.04 1
1,420,125.22 "' l .286,,083T 3,312.99 (142,500.00) B McDcuel Hall:
Building 820,857.58 678,029.01 Dining Room 1,259,464.41 1,009,668.10 Grill 65 45 2 867.57
{ 2,146,878.50
,200 49 1,733,56C68 (320,635.81) (91,000.00) B i
- 24 i
i AUXILIARY ACTIVITIES FUNDS--CONTINUED Balance Transfers In (Out) Balance July 1, 1979 Revenues Expenditures Mandatory Other June 30, 1980 RESIDENCE HALLS, APARTMENTS, AND RELATED ACTIVITIES--CONTINUED Residence Halls--Continued:
Owen Graduate Center:
Building $ 1,128,888.33 $ 817,786.19
- Dining Room 909 2 403.28 845,081.50
' 2,038,2fi 6T 1,662,I67 3 9 $ (354,423.92) $ (21,000.00) B Shaw Hall:
Building 722,593.66 635,722.19 Dining Room 1,236,297.29 1,028,243.35 Grill 112,186.82 82,602.77 TlT,67E77 1,746,568.31- (325,613.35) B 1,103.89 C Snyder-Phillips Hall:
Building 547,734.22 490,334.80 Dining Room 814,348.97 713,888.70 Crill 69 299.06 47 400.06 1,43I*382 25 T2Id62336 (210,000.00) 30,241.31 D West Circle Halls:
Building 608,341.47 656,653.30 Dining Room 958,593.55 92
. 1.566,935 61 t,57(1991.62 64C92 - (6,872.09) 18.581.99 8 Williams Hall:
Building 248,546.24 230,192.60 (18,353.64) B Wilson Hall:
\ Building 806,449.99 678,971.67 Dining Room 1,244,968.53 987,927.19 Grill 118 2 839.93 77,141.22 -
2,I70,158~45 1,744,046 3 8 (426,218.37)'
Wonders Hall:
Building 836,125.54 741,581.43 Dining Room 1,287,562.28 1,027,397.22 Crill -103 395.11 77 740.29 2,227'68E93 .1,843,,7TE94 (384,793.68) 4,429.69 8 Yakeley-C11 christ Hall:
Building 370,191.95 374,740.29 Dining Room 65 633.04 184.01 1 02 51C99 593,924 36 967 (6.670.21) (52 230.48) B l
Total Residence Halls M3 , 6536 27,920iE9E73 A (4,094,17:32) Tif 718!646 45)
I]t u
, -25.
AUXILIARY ACTIVITIES FUNDS--CONTINUED Balance July 1, 1979 Transfers In (Out) Balance Revenues _ Expenditures M r.datory Other June 30, 1980 RESIDENCE HALLS, APARTMENTS, AND REIATED ACTIVITIES--CONTINUED Apartments:
Cherry Lane Apartments 558,567.28 386,663.65 (75,913.00)
$ $ $ $ 7,615.69 D Permanent Apartments (103,606.32) L 387,321.46 270,696.39 (50,706.25) B (65,918.82) E Spartan Village I 937,342.87 706,633.93 (230,708.94) E
- Spartan Village 11 730,403.23 578,885.54 (58,000.00) (113,638.27) E 20,120.58 D Spartan Village III 731,274.56 530,046.84 (202,646.97) 1,419.25 C Spartan Villa 8e IV 413,217.89 312,444.25 (100,773.64)
University Villa 8e 820,824.20 625,578.31 (273,621.15) 78,375.26 D
. Van Hoosen Hall 99 463.66 791808.33 I (19 Total Apartments 4,6785535 ' 3,490,757 N (715 W ) T476)655.33)
DE15) E
! Related Activities: 1 Auxiliary Services $ 436,034.51 1,654,031.76 62,768.31 388,199.53 (2,187,778.05) B i
79,392.83 F (31,245.73) G (76,719.80) 0 Accrued Payrolls 128,105.15*
853.26 P $ 200,000.00 (253,168.27) 125,063.12 Maintenance and Repairs 248,194.83 128,029.37 (79,392.83) F
' (2,523.14) C 38,249.49 Residence Halls Services 28,913.06 208,195.10 17,020.40 220,087.76 Retirement Benefits 611,000.00 611,000.00 E
- irust Reserve 359,432.09 (152,411.91) D 77 2 472.32) E 129,547.86 Total Related Activities 944,469.34 1.862.226.86 565,649.81 38Q933 E 16,29EK9) 712,948.23 TOTAL RESIDENCE HALLS, APARTMENTS, AND REIATED ACTIVITIES 944,469.34 40,273,547.51 31,977,099.78 (4,416,927.55) (4,111,041.29) 712,948.23 J
STUDENT FACILITIES Union Memorial Buildin8:
1 Billiard Room 47,259.99 31,347.20 (15,912.79) L Bowlin8 Lanes 79,046.96 75,781.36 (3,265.58) L Buildin8 5,831.60* 57,754.92 139,106.94 59,667.12 L 27,516.50*
l Food Service 787,249.87 784,167.26 (3,042.61) L Gallery 3,392.11 6,496.75 3,104.64 L Grill 328,243.25 292,061.21 1
Store (36,182.04) I 333 329 281.16 l Total Union Memorial Buildin8 5,831.60* 1,6#,609.90 55E55 T65dI4T.16 (4,328.74)
L ~- 27,516.50*
d
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26
l t
i AUXILIARY ACTIVITIES FUNDS--CONTINUED a
Balance Transfers in (Out)- . Balance
)f l July 1, 1979- Revenues Expenditures Mandatory Other June 30, 1980 STUDENT FACILITIES--CONTINUED Crossroads Cafeteria $ 652,833.49 $ 634,868.36 $ .17,%5.13 -
IISU Bookstore $ 937,323.94 6,252,526.23 6,006,273.33 1,183,576.84
.MSU Bookstore Reserve 853.26 $. (853.26) P-TOTAL STUDENT FACIIITIES 93f37.536 8,541,91T.72 8,291 DIE 59 (asE26) TDC62537 -
4 ATitlITICS AND RFLATED ACTIVITIES
.Interculleri te Athletics 708,453.85 4,585,491.82 4,768,519.00 $ (457,189.78) (86,030.24) B 588,572.70 M 469,228.00 N 18,000.00 N 95,000.00 R 247,565.50 J 1,400,572.85 Athletic Parking and Programs 316,574.34 142,017.56 (172,556.78) J Athletic Alterations and Improvements 132,666.62 132,666.62 'J Athletic Grocads Maintenance 1,867.49* 90,834.24 93,004.77 J 303.04 Athletic Summer Clinics 105,699.55 651,021 81 472,242.17 (165,331.18) J 119,148.01 Ice trena 1,310,64 95,393.39 161,354.80 64,651.07 J .
Press Bos 10,229.60 458,891.72 - 209,482.95' (228,000.00) J 31,638.37 -
Radio Sports Broadcasting 825.44 852.57 11,325.70 8,000.00 J 1,647.69*
Sports Publicity 1.030.52* 2.75. ~ 23,394.38 20,000.00 .J 4,422.15*
- TOTAL ATNIXTICS AND
.RELATED ACTIVITIES 823,621.07. 6,106,228.10 6,Gil,837.42 (457,189.78) 1,084,770.46 1,545,592.43 PAREING AND TRANSPORTATION
\ Campos Bus Service 7,993.27 519,794.86 470,451.16 (27,555.24) B
~
29,781.73 Faculty. Staff, anJ Student Vehic!-e Registration 249,710.86 1,346.00 (248,364.8t'.) B 30,925.64 Nidden Lake Gardens - Gate 22,475.73 33,697.80 25,247.89 Parking Lot Coin Gates and Meters 292,475.36 -27,304.98 (265,170.38) B Parking Violations Bureau 204 484.95 397 830.62 597.00 (65 389.78) B 239 328.79 '
TOTAL PAREING AND TRANSPORTATION ~fM 13E95 '1,493,,569 3 6 297'RE63 82i - (666,,486 16) 366*6 W.16 '
CONFERENCE CENTF"*
Eellogg Biological Station 28,787.93 144,003.54 120,323.02 52,468.45 Eellogg Center for Continuing Education 262,549.23* 2,941,456.01 3,004,818.28 ~76,719.80 0 249,191.70*
Management Education Center 231,249.25* 814,580.97 762,638.87 179,327.15*-
Management Education Conferences 1,260.95 370 369.06 386 a l37.00 142 506.99*
TOTAL CONFERENCE CENTERS 463,749.60* 4,276,,46f 3I 4,273,937 17 76,719.83 746,53E34*
, 27
- AUIILIART ACTIVITIES FUNDS--CONTINUED Balance Transfers in (Out) Balacce i July 1, 1979 Revenues Expenditures Mandatory Other June 30, 1980 MEDICAL SERVICES Clinical Center Operations $ 143,274.10 $ 1,904,654.44 $ 1,420,675.33 $ (143,523.63) 8 $ 483,729.58 Medicine Laboratory Services 1,653.34 202,365.07 209,293.88 5,275.47*
Microbiology Services 9,580.96 11,246.70 15,519.76 5,307.90 Pathology Laboratory Services 10,600.47 72,631.58 56,454.08 26,777.97 Pathology Laboratory Services -
. Veterinary Medicine 1,972.89 25,297.27 18,100.20 9,169.96 Pedistrics and Human Development Laboratory Services 18,463.22 123,701.28 89,059.80 53,104.70 Large Animal Clinic 7,207.99* 583,318.72 575,268.57 842.16 Small Animal Clinic 2,704.48 825,522.27 811,191.98 17,034.77 Olin Health Center Operations 364,206.49 3,594,600.90 2 987 828.76 181.56) I 788,797.07 q TOTAL MEDICAL SERVICES 545,247.96 7,343,31013 NIUb9T.36 j l82,75539)
(375, 1,379,48E63 OTHER ACTIVITIES i Advertising Class Projects 5,277.18 (5,277.18) I l Athletic History of MSU 608.98 1.59 610.57 3 Canoe Shelter 3,484.40 20.555.90 14,750.90 9,289.40 Center for Urban Affairs 318.80 2,949.38 2,111.00 1.157.18 4
Check Cashing Service 5,666.48 19,749.90 10,281.83 15,134.55 '
Conssunity Development Training 3,268.34 1,182.94 2,085.40 ,
Concessions 372,365.59 321,396.24 (18,000.00) N 32,969.35 ,
Cooperative Extension Service
.' Agriculture - Marketing Programs 16,352.53 56,652.74 78,623.89 5,618.62*
Cowles House 31,245.73 31,245.73 G 4
Dunbar Experiment Station 139.02 139.02 Educational Materials er' Services 8,627.50 47,228.58 43,164.83 12,691.25 Geography Program Exchange 6,067.86 2,645.27 2,428.36 6,284.77
! Golf Course Operating 99,888.38* 304,137.08 106,131.93 (191,500.00) K
- (14,542.71) B 107,925.94*
Grounds Maintenance - Golf Course 83,024.91 3,55f,.77 189,625.89 191,500.00 K 88,457.79 High School Honors Science Program 20,323.12 7,106.45 9,080.96 18,348.61 Home Management House Furnishings 1,580.62 7.83 1,572.79 Horticulture Research Fara 790.87 790.87 House Rentals 20,810.69 27,263.92 23,209.76 24,864.85 Human Environment and Design Materials 490.14 1,361.55 1,815.38 36.31 28
4 AUXILIARY ACTIVITIES FL'NDS--CONTINUED i
Balance Transfers in (Out) Balance July I. 1979 Revenues Expenditures Mandatory Other .' June 30 J 80 i OTHER ACTIVITIES--CONTINUED r ladustrial Education Laboratory $ 3,299.49 $ 11.52 $ 891.91 $ 2,479.10 4 lastructional Media Center j Marketing 42,612.85 141,202.58 136,770.63 47,044.80 Instructional Resources Center 3,465.74 26,576.04 20,108.15 9,933.63 Inter-Library Loan Service 44,373.84 16,875.98 42,194.66 19,055.16 Intramural Sports 958.81 118,809.15 105,555.53 14,212.43 4 Kellogg Biological Station Management 16,164.41 36,628.40 38;327.25 14,465.56 Kellogg Bird Sanctuary 6,645.55* 64,429.84 56,350.69 1,433.60 Kellogg Farm 44,439.43 73,018.91 136,868.51 19,410.17*
Library Copying and Vending 1,154.36* 36,477.04 30,368.45 4 i
25,295.51 2,954.23
,559.41 i Machine Readable Data Base 63.95 27,790.97 Manly Miles Buildia.J 226,368.38 139,579.01 (70,007.48) B 16,781.89 Stephen S. Nisbet Building -6,027.61* 251,279.85 103,770.55 - (141,481.69) B -
' Orientation Program - 34,641.33 193,496.00 222,686.12 . 5,451.21 Physical Education Gym Store 27,873.036 44,487.90 40,393.62 23,778.75*
Psychology Consulting 5,000.00 3,477.12 567.29- 7,909.83 Public Television Services A3,950.09 -165,263.75 230,746.04 18,467.80 Radio Broadcasting Services 2,782.65 43,972.63 18,798.15 27,957.13 .
(296.52) I Recorded Recitals 296.52 Remote Sensing 687.57 5,997.11 5,963.04 721.64
. Repair and Replacement of Grounds 3,624.30 Equipment. 10,529.38 11,363.00 18,268.08-Service Fees 5,000.72 4,178.66 255.20- 8,924.18 Social Science kesearch Programning
, and Consulting 10,000.00 (10,000.00) I Sugarbeet Sales 1,398.74 1,398.74 Teaching Materials Publications - 1,000.00 4,453.90 4,364.74 1,089.16.
S WKA" selevision 264 979.46 264 *" .w TOTAL OTitER ACTIVITIES 615,,84 G 9 2,361,795.45 2,2W,TIEN ~ T218M 15) ~128,,26T.B INTERNAL SERVICE OPERATIONS Accessories and Furnishings 76,159.48* 77,704.01 68,795.98 67,251.45*
.tuditorium 29,939.20 30,124.61 48,661.28 11,402.53 Blochemistry Instrument Shop 905.34* 83,411.68 69,107.17 13.399.17 Blochemistry Storeroom 2,638.48 199,871.90 192,522.37 9,988.01 Bird Sanctuary Trust 13,353.23 32,844.39 45,910.31 287.31 Carpet and Installation 4,494.84* '126,055.02 -140,495.36 18,935.18*
n 4
t 4
?
i
- 29 1
AUXILIART ACTIVITIES FUNDS--CONTINUED i
1 Balance Transfers In (Out) Balance July 1, 1979 Revenues. . Expenditures Mandatory Other June 30, 1980 I INTERNAL SERVICE OPERATIONS--CONTINUED '
, Central Bakery $ I,781.61 $ 687,158.47 $ 670,633.65 $ 18,306.43 Chemistry Stores and Services 5,365.26 49,224.16 65,709.91 11,120.49*
College of Education Copy Center 4,574.39 60,576.46 66,684.77 1,533.92*
! Computer Laboratory 444,567.68 1,616,940.01 1,041,264.07 $ (293,263.00) B 726,980.62 Dairy Barn Operation 39.55* 282,427.86 286,338.80 3,950.49*-
Data Processing Laboratory 163,442.12 569,720.10 582,490.34 150,671.88 i Data Processing Equipment Pool 66,347.65 190,103.06 82,449.13 174,001.58 i
Electron Microscope Service 2,345.62 12.390.51 11,728.23 3,007.90 Engineering Multilith 9,357.45 20,052.31 30,675.95 1,266,19*
Engineering Research Machine Shop and Nuclear Reactor 4,054.61 29,539.17 13,771.10 19,822.68
- Engineering Services 119,321.74 645,454.75 664,464.47 100,312.02 Entomology Craphic Applications 6,029.72 4,330.73 197.67 I 1,896.66
- Equipment Rental and Resale 500,029.38* 710,989.09 773,378.71 562,419.00*
Extension College Week 51,728.97 (51,728.97) I Feed Mill 23,898.37 168,523.16 176,997.28 15,424.25 Foo! Processing 10,763.18 501,817.62 532,347.54 19,766.74*
Food Stores 547,976.14 9,718,428.07 9,697,246.22 569,157.99 Oarage 1,282.91 841,566.93 862,347.87 19.498.03* {
j Craphic Desi8n Service 4,507.33 33,425.14 33,291.46 4,641.01 ;
Housing Grounds Maintenance 8,175.33 367,201.22 327,985.10 47,391.45 4
Information Services Addressograph 405.91 4,891.94 4,689.85 608.00 Instructional Media Center - Operating 85,161.08 603,578.15 562,698.59 126,040.64 Instructional Media Center - Photographie Laboratory = . 9,858.91* 155,302.45 143,468.31 1,975.23 Instructional Television Services 59,656.47 73,868.54 120,549.91 12,975.10
{ Xellogg Biological Station Computer Services 7,382.90* 12,913.51 7,481.77 1,951.16*
Laboratory Animal Care Service 33,016.49 706,780.19 702,044.28 37,752.40 i
Laundry 34,020.14* 1,049,742.80 1,087,420.05- 71,697.39*
Liquid Helium 57.05* . 57.05 Q Mail Services 4,772.52- 2,114.64 5,004.97 1,882.19 Maintenance Stock. 342,042.74 3,860,542.46 3,881,071.67 321,513.53 i Mass Spectrometry Facility 5,973.38 23,222.21 28,148.28 1,047.31 Materials Management 175,529.89
~
156,073.41 127,727.60 107,871.12 Microprobe 3,731.95- 880.19 1,738.32 2,873.82 i Motor Pool 24,546.14 b2,453.27 334,169.11 (97,276.00) B 45,554.30
.New Construction Management and Inspection 301,778.86 185,700.00 123,955.40 363,523.46 .
Office Services 49,985.18 389,327.69 401,550.69 37,762.18 Pestietde Analytical Laboratory 1,582.95 11,195.00 .10,266.75 2,511.20 Physics Stores and Services 131,086.92 113,838.26 139,725.34 (57.05) Q 105,142.79 t
e i '
30 1
AUXILIARY ACTIVITIES FUNDS--CONTINUED Balance Transfers in (Out) 8alance July 1, 1979 Revenues Expenditures Mandatory Other June 30, 1980 INTERNU. SERVICE OPERATIONS--CONTINUED Receiving and Shipping $ 171,978.97 $ 169,853.26 $ 2,125.71 Residence Halls Shops $ 47,709.40* 315,531.93 402,529.45 134,706.92*
Scientific Olassblowing
- Laboratory 1.39* 14,307.11 14,446.02 140.30*
l~ Stores 603,512.23 4,788,013.57 4,725,661.09 $ (30,000.00) B 635,864.71 1 Teleconnunication Services 23,303.85 23,303.85*
University Printing Service 232,145.82 1,608,563 y 1,309,385.50 (123,743.03) B 407,580.56 TOTAL INTERNAL SERVICE OPERATIONS 2,870,234.94 31,734,053.17 30,796,661.38 (595,813.33) 3,211,813.40 l' Elimination of rebilled charges {31,734,053.17) (31,734 uoS3.17)-
NET INTERNAL SERVICE OPERATIONS 2,870,234.94 (937,39T79) 7BERT3]J '3,2tT,li U 5 u,
TOTAL AUXILIARY ACTIVITIES FUNDS $6,498,010.75 $?0,390,745.09 $58,846,325.36 $(4,874,117.33) $(4,706,762.92) $8,461,550.23
- _ =. m
- 2-
~, i
{ Transfers
!I Mandatory:
i! Plant Fund:
- s Debt service $(4,644,117.33)
- Maintenance reserve requirements (230,000.00)
Other:
1 General Fund $ 469,228.00 3i Plant Fund:
- Facility expansion (842,511.86)
Maintenance and repair (4,054,027.14)
- Debt service (713,738.06) i . Expendable Restricted Fund
4 ,
Student aid 559,874.55 Other . 28,698.15
.; Designated Fund (249,286.56)
{l Endowment Fund 95,000.00 TOTAIS $(4,874,117.33) $(4,706,762.92) 4
- Indicates overdraft.
See notes on following page l
1 31
NOTES TO AUXILIARY ACTIVITIES FUNDS MICHIGAN STATE UNIVERSITY' 1
3_ Year ended June 30, 1980
- Note A--Espenditures for housing and food services do not include any charge by the University for depreciation. Utility expense rates have been charged to the residence halls on the basis of normal capacity at a rate of $53.94 per occurant for a
October through June. Each apartment has been charged for utilities at a rate of $25.69 per month, except Spartan Villagt Apartments which were cLarged $5.54 per month. Van Hoosen Hall has been chargeJ $3,453.00 for the fall, winter and spring terms. The M.S.U. Bookstore was charged $3,741.25; the Laundry, $6,515.42; the Food Stores, $3,527.92 and the Union Building,
$3,676.00 per month.
Note B--Represents transfers (to) from Plant Fund.
. Note C--Represents transfer from Residence Halls, Apartments, and Related Activities maintenance and repairs to Residence Halls and Apartments.
j Note D--Represents transfers from the Trust Reserve in the amount required to supplement revenues to meet trust requirements
($152,411.91).
Note E--Represents transfers from Residence Halls, Apartments, and Related Activities for past service retirement benefits.
Note 7--Represents transfer to Auxiliary Services from Residence Halls, Apartments, and Related Activities maintenance and repairs.
Note G--Represents transfer from Auxiliary Services to Cowles House.
I
} Note R--Represents transfer from General Fund. \
1 i
Note I--Represeets transfer froe (to) Designated Fund. 4 Note J--Represents transfers within Athletics and Related Activities.
Note K--Represents transfer from Golf Course Store to Golf Course Grounds Mainten nce.
Note L--Represents transfars within Union Nemorial Building.
l e
Note M--Represents transfer from (to) Expendable Restricted Fund.
, Note N--Represents transfer from Concessions to Intercollegiate Athletics.
Note 0--Represents transfer from Auxiliary Services to Kellogg Center.
Note P--Represents transfer from Bookstore Reserve to AuAlliary Services.
Note Q--Represents transfer within internal Service Operations.
Note R--Represents transfer from Endowment Fund. .
~
- l
! l i
4 W
9 32'.
i
. INTERCOLLEGIATE ATHl.ETICS MICHICAN STATE UNIVERSITY Year ended June 30, 1980 Total REVENUES Football $2,358,980.51 Basketball 475,768.22 Hockey 280,606.20 l Post Season 333,270.56
- j Postage 25,463.43 Investment Income 467,672.95 Itiscellaneous 186,540.17 Student Athletic Admissions 457,189.78 i
TOTAL REVENUES M 8F,49 D 2 Supplies Athletic and Salaries Aid Services EXPENDITURES Revenue Sports:
Football $288,590.97 $326,170.83 $ 665,801.68 1,280,563.48 Basketball 99,557.67 43,724.60 126,483.20 269,765.47 Hockey 63 885.89 751574.50 125 272.91 264 733.30 752lb3C53 35,R973 917,,53T.79 T,'EI5'M235 Non-revenue Sports:
Men's Team:
Baseball 57,944.10 38,641.38 22,000.00 118,585.48 Cross Couitry ,
25,045.71 4,100.00 29,145.71
. Fencing 3,441.34 5,500.00 8,941.34 Colf 15,883.99 11,630.17 5,820.00 33,334.16 Gymnastics 18,502.51 22,063.38 12,273.63 52,839.52 Soccer 4,733.83 4,468.27 5,532.67 14,734.77 Swimming 39,620.48 22,580.54 13,580.64 75,781.66
! Tennis 11,065.23 10,364.14 8,548.00 29,977.37 i Track 21,821.29 '37,245.20 18,900.00 .77,966.49 Wrestlin8 39,955.53 37,875.87 15,580.20 93,411.60 Lacrosse 3 6 10 641.07
'2si,689.66,75337 30,EC55 111,951.41,75C55 543,,351 3 7 Women's Team:
Basketball 32,151.04 26,761.14 30,882.74 89,794.92 Cross Country 16,869.15 13,797.84' 4,908.19 35,575.18
, Field Hockey 10,667.55 22,429.53 13,124.76 46,221.84 Colf 13,120.52 10,828.76 5,750.96 29,700.24 Gymn >*. tics 13,120.52 24,721.53 14,405.56 52,247.61 Softhall 10,872.29 12,240.96 19,798.29 42,911.54 Swimming 15,239.93 21,648.93 16,134.36 53,023.22 Tennis 12,183.31 11,052.73 7,888.54 31,124.58
. Track 20,107.09 25,024.90 26,211.00 71,342.99 Volleyball 19 425.41 192 653.10 19 540.00 58 618.51
]g 1 , 36 81 3 8,15632 158,,64C33 516,.565 63
!l l TOTAL TEAM EXPENDITURES $857,495.01
=
$818,498.30 $1,194,988.74 2,870,982.05 1
33
ITIERCOLLEGIATE ATHLETICS--CONTINUED Total EXPENDITURES--CONTINUED General:
Director's Office $ 936,623.11 Labor 300,210.65 Supplies and Services--General 101,421.62 Maintenance 138,704.39 Trainers and, Managers 99,793.12 Championship fravel 64.130.35 State Band 37,561.72 Officials 49,465.85.
Athletic Medical 66,186.80 Big Ten Conference Assessment 40,000.00 Equipment 26,384.86 Awards 29,965.38 Cheering Team 4,352.97 Miscellaneous 736.13 TOTAL EXPENDITURES T 73 51065 EXCESS OF EXPENDITURES OVER REVENUES (,15 , IT.TB)
TRANSFERS i
General Fund 469,228.00 Expendable Restricted Fund SR8,572.70 Endowment Fund 95,000.00 Plant Fund (54~,220.02)
Grounds Maintenance (93.004.77)
Athletic Alterations and Improvements :(132,666.62)
Programs and Parking 172,556.78 Press Box 200,000.00
. Athletic Summer Clinics 165,331.18 Concessions 18,000.00 Ice Arena j 64 651.07) 1 TOTAL TRANSFERS 875,1 6 Balance at July 1, 1979 708,453.85
~
BALANCE AT JUNE 30, 1980 $1,400,572.85 34
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6
--g --
m + - , -
w m , ,, y _ , - - - - -, - - m-<wa,
, e -.u ,
EXPENDA8LE RESTRICTED FUNDS--CONTINUED MICHIGAN STATE UNIVERSITY
' Year ended June 30, 1980 Balance' Indirect Transfers Balaare July 1, 1979 Hevenues Expenditures Costs in (Out) June 30 198,3_
SPONSORED PROGRAMS INSTRUCTION AND DEPARDIENTAL RESEARCH $ 77,059.54 $ 4,786,743.14 $ 4,526,943.47 $ 239,033.51 $ .97,825.70 RESEARC'l 3,284,470.47 36,775,123.16 29,854,746.55 7,099,628.60. $ 42,500.00 3,147,718.45 PUBLIC #ERVICE 575,820.96 7,734,146.22 6,865,484.25 597,478.96 375.00 847.375.97' ACADEMIC SUPPORT 35,807.50 681,793.97 632,308.84 70,272.90 '(12,250.00) 2,769.73 STUDENT SERVICES 8,972.17 7,910.24 15,737,70 1,144.'78' INSTITITTIONAL SUPPORT 4 646.87 30.109.09 34,261.68 494.28 TOTAL SPONS0kED PROGRAMS 683,,777.51 50,015,825.82 41,929,7.85.49 8,006,413.97 30,625.00 4,097,328.81 4
AGRICULTURAL EXPERIMENT STATION RESEARCH 735,562.16 15,262,895.00 14,386,359.02 (563,947.18) 1,048,150.94 COOPERATIVE EXTENSION SERVICE j PUBLIC SERVICE 1,162,021.06 18,857,585.00 17,642,014.70 2,377,598.36 I
i h
4
. 37
EXPENDAB!.E RESTRICTEE) FUNDS--CONTINt'ED f
t Balance Indirect Transfers Balance
_ July 1, 1979 Revenues Expenditures Costs In (Dut) June 30, 1980,
, CIFTS AND GRANTS INSTRUCTION AND DEPARTMENTAL RESEARCH Academic Press, Inc. $ 124.69 $ 124.69 Allstate Foundation 154.26 $ 154.26 American Chemical Society - Chemistry 2,416,64 2,000.04 416.60 American Thought and Languase 1.17s 2A 224.16 1,151.12 Amoco Foundation, Inc. $ 6,000.00 6,000.00 Analytical Service 199.66 300.00 96.66 403.00 Associates of the Hotel, Restaurant and Institutional Management School 984.26 100.00 24.35 1,059.91 Veril Baldwin Memorial 419.68 419.68 Biochemistry Miscellaneous 2,585.79 9,094.20 2,609.66 9,070.33 Erling Brauner and Howard Church 204.16 5.55 213.52 3.81*
Katherine C. Briggs 4,771.79 744.36 5,516.15 Building Construction Gift - School of Packaging 1,648.76 270.84 506.48 1,413.12 j Business Administration 136,649.45 43,243.31 3,966.22 $ (49,153.57) 126,772.97 Business Administration - Accounting and {
i Financial Administration 19.013.32 110,402.73 68,612.57 60,803.48 '
Richard W. Caldwell - Chemical Engineering 1,935.01 2.538.90 500.00 3,973.91 '
4 The California Company - Geology 940.52 '940.52 3 Center for Environmental Quality 25.00 2.34 22.66 Cities Service Foundation 2,116.34 3,600.00 2,235.14 3,481.20 Commonwealth Associates, Inc. 1.119.08 10.00 1,109.08 Continental 0:1 Company 2,000.00 2,000.00 County of Ingham 1.97 1.97 Development Fund - Urban Development 1,544.44 481.91 1,487.88 538.47 Discretionary - Academic Services $0.50 60.00 110.50 Discretionary - Agricultural Economics 15,275.29 4,212.30 (896.(3) 10,166.51 Discretionary - Agricultural Engineering 1,240.00 1,240.00 Discretionary - Agricultural Experiment Station 207.50 110.00 207.50 110.00 Discretionary - Anthropology 407.13 15.00 .01 422.12 Discretionary - Biological Sciences 678.66 1,700.00 169.16 2,209.50 Discretionary - Biomechanics 19,552.75 10,827.74 9,894.93 ,20,485.56 t'
Discretionary - Biophysics 125.02* 9,739.33 9,618.31 l
j i
)
4 38
EXPENDABl.E RESTRICTED FUKOS--CONTINUED Balance Indirect Transfers Balance
_ July _l, 1979 Revenues Expenditures Costs In (Out) June 30, 1980 CIFTS AND GRANTS--CONTINUED f
4 INSTRUCTION AND DEPARTMENTAL RESEARCH--CONTINUED
[
- Discretionary - Chemical Engineering $ 12,838.35 $ 11,216.90 $ 21,364.82 $ 2,690.43
, Discretionary - Chemistry 17,563.24 12,600.00 9,866.34 20,296.90
. Discretionary - College of Agriculture and
- ! Natural Resources 38,787.97 13,457.72 7,509.70 44,735.99 Discretionary - College of Arts and Letters 23,840.78 17,375.85 25,484.26 .$ 10,426.10 26,158.47 Jiscretionary - College of Communication Arts
, and Sciences 16,236.70 3,614.99 4,489.44 15,362.25 3-Discretionary - College of Education 12,494.17 8,908.91 12,701.19 1,404.62 10,106.51 Discretionary - College of Engineering 97,879.75 40,541.91 36,152.53 102,269.13 Discretionary - Colaese of Human Ecology 7,671.43 13,824.37 8,742.21 '366.74 12,920.33 4 Discretionary - College of Human Medicine 45,188.20 25,137.77 20,164.02 904.6I 51,066.56 j Discretionary - College of Natural Science 11,120.15 17,990.52 17,187.04 4.058.02 '15,981.65 Discretionary - College of Osteopathic Medicine 11,968.72 5,568.85 4,622.42 12,915.15 Discretionary - College of Social Science 3,574.71 619.51 361.44 59.68 3,892.46 Discretionary - College of Veterinary Medicine- 26,338.53 19,647.72 26,638.24 19,348.01 3 Discretionary - Cooperative Exteesion 1,135.00 960.00 125.00 1,970.00 Discretionary - Crop and Soil Science 986.75' 1,936.00 983.62 1,939.13
' I Discretionary - Dairy 3,278.20 171.97 '3,450.17 Discretionary - Electrical Engineering 16,665.77 4,850.00 2,807.33 18,708.44 Discretionary - Food Science and Human Nutrition 228.73 6,213.34 4,718.13 1,505.90 3,229.84 Discretionary - Geology 6,825.00 5.475.00 1,350.00 Discretionary - Geophysics 853.16* 853.16*
Discretionary - Graduate School 40.00 .
40.00 Discretionary - Hidden Lake Cardens 1,544.79 1,100.00 179.24 2,465.55 Discretionary - Honors College 3,757.04 2,265.66 2,024.92 3,997.78 Discretionary - Horticulture 18,813.04 24,198.19 35,029.76 . 7,981.47
- Discretionary - Large Animal Surgery and HeJicine 304.20 304.20 Discretionary - Nechanical Engineering 16,29C.73 26,200.00 12,782.77 29,713.96 -
Discretionary - Hedicine 21,504.94 20,839.73- 21,112.96 21.231.71 Discretionary - Metallurgy, Nechanics and Materials Science 2,524.74 485.00 2,878.73 131.01 biscress aary - Nuclear Science 7,296.15 25,000.00 17,703.85 Discretionary - Olin Health Center 280.00 15.60- 264.40 4
4 39
EXPENDABLE RESTRICTED FUNDS--CONTINUED 8alance Indirect Transfers Balance.
July I. 1979 Revenues Expenditures Costs in (Out) June 30, 1983
. GIFTS AND GRANTS--CONTINUED INSTRUCTION AND DEPARTMENTAL RF. SEARCH--CONTINLED Discretionary - Osteopathic Medicine $ '325.00 $ 325.00 Discretionary - Pharmacology 9,356.84 $ -1,798.11 7,558.73 Discretionary - Placement Services 2.515.83 $ 2,750.00 1,169.01 4,096.82 Discretionary - Radio 100,698.14 95,864.28 82,822.53 113,739.89 Discretionary - School of Nursing I,942.72 1,292.38 1,233.32 2,001.78 Discretionary - Science and Math Teaching Center 385.27* 522.50 160.44 23.21*
Discretionary - Sociology 1,128.65 770.00 1,232.84 665.81 Discretionary - Telecommunications 1,189.79 25.00 1,214.79 Discretionary - University College 23.14 '23.14 Discretionary - Urban Development 221.58 54.91 $ 79.13 245.80 Discretionary - Vice President for Administration and Public Affairs 8,095.65* 6,365.50 14,461.15*
Liscretionary - Vice President for Student Affairs ,
and Services 158.33 2,894.10 3,052.43 i Dow Chemical Company 380.00 5.64 374.36 Dow Chemical Company - Chemical Engineering 10,996.83 6,000.00 10,556.64 6,440,19 Dow Corning Corporation 636.45 3,000.00 2,274.08 1,362.37 Exxon Education Foundation - Chemical Engineering 14,067.74 .8,000.00 12,364.91 9,702.83 Exxon Education Foundation - College of Engineering 138.17 138.17 Exxon U.S.A. Foundation ' t,000.00 1,000.D0 Faculty Research and Development - Marketing and Transportation 8,971.68 6,886.00 '11,688.27 4,169.41 Family Practice Donations 195.17 795.49 280.17 710.49 Forestry Gift 3,719.71 4,372.29 620.85 7,471.15 General Electric Foundation 7.494.00 7,500.00 7,494.03 7,499.97 Daniel F. Gerber 2,209.37 15,000.00 4.339.24 12,870.13 W. R. Grace Foundation 2,500.00 2,358.61 . 141.39 Hercules incorporated 7,576.83 389.78 7,187.05
, Hercules Powder Company 251.85 245.95 5.90
, Hidden Lake . Gardens - Improvement of Plants 429.00 8,573.47 8,144.47 Hospital Food Service Supervisors Course 1,882.43 1,882.43 Hotel, Restaurant and Institutional Management ;
. Alumni 2,086.13 2,882.67 1,083.25 3,885.55 '
- l. Forest Huddleson Lectureship 1,270.33 966.12 304.21 p
, 40
EKPE! 1ABLE RESTRICTED FUNDS--CONTINUED 7-f 4
Balance Indirect Transfers ~ Balance July 1. 1979 Revenues Expenditures Costs In (Out) June 30 1980-1 ;
GIFTS AND GRANTS--CONTINUED
, INSTRUCTION AND DEPARTMENTAL RESEARCH--CONTINUED j Muean Development - Human Medicine $ 61.18 $ 61.18 Human Development -
1,258.39 $ 935.29 710.73 $ 1,482.95
~
Journalism 2.75 2.75 Journalise - Special Travel 208.0l* 100.00 44.54 152.55*
Ealamazoo Foundation 292.10 292.10 Bill Kell Memorial 2,568.49 515.00 611.00 2,472.49 Russell J. Kleis 773.24 300.00 300.00 - 773.24 Kresse Art Center 6,357.30 10,276.61 5,437.22 II 196.69 Landscape Architecture Development 367.91 592.00 209.40 750.51 Lansing School District 1,041.09 52,400.00 34,010.86 19,430.23 i Henry S. Leonard Memorial 418.65 717.34 290.74 '845.25
- i. McNeil Laboratories, Inc. 1,162.02 220.66 941.36-
!} i Medical Humanities Prograe Monsanto Chemical Company - Chemical Engineering 5,853.19 9,876.35 5,000.00 3,000.00 8,178.73 3,495.41 2,674.46 9,380.94 l Monsanto Chemical Company - Chemistry 615.73 1,000.00 625.22 990.51
- Monsanto Chemical Company - Plant Research 501.88 63.67 438.21 MSU Foundation 1,990.73 56.49 1,934.24 MSU Orchestra International Series 6,724.75 3,319.47 3,058.84 6,985.38 National Academy of Sciences 1,624.87 1,624.87 I National Center for Community Education 183.49 172.94 10.55 National Science Foundation 200.00* 200.00 i' Obstetrics and Gynecology 444.97 81.76 108.66 418.07 Packaging 11,704.54 .14,021.46 9,826.25 15,899.75-4' Pathology Education Research 1,007.94 100.00 49.51 1,058.43
- Pfizer Pharmaceuticata 1,150.00 864.44 $ 869.06 1,154.62 i
Pharmacology $32.93 3,030.00 693.95 3,168.98
- i. Phillips Petroleum Foundation, Inc. 1,000.00 1,000.00
] Physics Undergraduate Prize 2.50 2.50 j Political Science 3,000.41 -15,275.86 9,585.86 8,690.41
~l Psychiatric Residency Program 29,842.54* 90,675.00 -60,832.46 Psychology - Special Gift 5,789.69 2,475.96 1,537.40 6,728.25 Purchasing Development - Management 77,368,03 33,003.13 4.591.88 105.779.28 Quaker Oats Foundation 2,014.60 2,014.60
,i!
a School of Social Work Development 3,096.22 2,038.98 111.90 5,023.30 Special Gift 2,553.32' 1,195.00 435.75 3,312.57 4-O 1
,- 41
EXPENDABLE RESTRICTED FUNDS--CONTINUED i
Balance .
Indirect Transfers Balance ,
July 1. 1979 Revenues Expenditures. Costs in (Out) June 30, 1980 GIFTS AND GRANTS--CONTINLED INSTRUCTION AND DEPARTMENTAL RESEARCH--CONTINUED
! Statistics $ 1,971.23 $ 332.00 $ 278.28 2,024.95 Studies in American Culture 36.07* 250.00 37.70 176.23 Miriam C. Strong Memorial 1,315.43 4,490.00 3,739.76 2,065.67-Union Carbide Corporation 1,643.48 160.78 1,482.70 i Veterinary Medicine - Special Donations 35,512.59 14,915.39 11,120.25 39,307.73 i World Rehabilitation Fund, Inc. 6,000.00 6,000.00 Ralph Toung Athletic Fund 119,714.42 106 821.65 65a 343.23 161g 192.84 TOTAL INSTRUCTION AND DEPARTMENTAL RESEARCH 1,069,459.S4 1,033h3Di 788,158.71 $ 2,997.28 1,317,73T 95 RESEARCH Counseling Center 11.88 11.88 Discretionary - Organizational Behavior 20,000.00 13,227.21 6,772.79 Estate of Robert W. Nancock 137,971.79 19,738.89 57.15 (157,653.53)
. Ferrell-Ross 19,000.00 2,559.77 16,440.23 f Folk Arts Division 2,810.07 3,466.00 4,453.90 1,822.17 ,
1 - .
'y Jameson Corporation 3,000.00 2,020.00 2,935.00 2,085.00 I-Michigan State Cooperative Tree Improvement Program 14.496.42 6,225.00 3,623.78 17,097.64 4
' Michigan State University Corn Foundation 2,497.97 329.40 2,168.57 Museum 360.00 20.00 360.00 20.00 t
i W. L. Newhall 1,631.53 83.93 1,547.60
! Rackham - Botany 12,500.00 12,500.00
?
- Rackham - Horticulture 14,100.36 15,271.31 1,170.95 Henry A. Reniger 12,917.59 634.78 3,978.14 91574.23 TOTAL RESEARCH 175,697.25 71,104.67 58,208.64 (129,882.22) 58,711.06 PUBLIC SERVICES Alumni Club Detroit Projects 899.53 899.53 Cardio-Pulmonary Research Programs 70.00 291.75 361.75 Christmas Adventure in World Understanding 8,292.84 711.00 5,475.98 3,527.86 l Discretionary - TV Broadcasting 79,255.16 462,096.75 405,557.33 135,794.58 Exhibit Preparatica 2.538.76 1,420.07 2,096.84 1,861.99 I Focus on Food Seminar 218.65 3.09 215.56 4-H Touth Awards and Events 14.789.81 17,264.83 24,142.86 7.911.78
, Haak-Lilliefors Memorial Lectureship 1,050.55 1,022.18 28.37' 1 i Higgins Lake Conservation School 566.50
' 75.00 491.50 F Morse Race Testing 5,000.74 5,000.74 I
i t
42 1
EXPENDABLE RESTRICTED FUNDS--CONTINUED Balance Indirect Transfers Balance -
July I, 1979 Revenues Expenditures Costs in (Out) June 30, 1980 GIFTS AND GRANTS--CONTINUED PUBLIC SERVICES--CONTINUED Xuman Medicine Special Donations $ 25,868.74 $ 22,064.03 $ 16,877.65 $ 3I,055.12 Musen% Publications 524.09 524.09 Project Reach Out 79.13 $ (79.13)
Lear Siegler Foundation G52.65 852.65 WKAR Radio Sub-Channel 24.455.36 4,499.03 11,242.69- 17,711.70 TOTAL PUBLIC SERVICES 164,462.51 508,347.46 471,494!33 (79.13) 201.236.48 ACADEMIC SUPPORT A. A. Applegate Library 6,597.84 573.00 I.392.60 5,778.24 Alumni Gift 529.74 753.27 1,283.01 Archaeological Curation 100.00 100.00 Blind Study Room 261.96 1,113.00 771.89 603.07 James J. Brennan Nemorial Library 3,315.40 5.366.38 2,688.35 5,993.93 Mark V. Burlingame - Geologic Library 1,129.28 1,129.28 Canadian Embassy 1,721.57 1,675.43 46.04 Albert H. Case Nemorial Laboratory 179,067.00* 10,000.00 102,025.65 275,757.43 4,664.78 brusila Farwe!! Foundation 25.00* 25.00 Film Studies 72.32 765.14 28.20 809.26 Hidden Lake Cardens Center Library 519.47 219.30 16.94 721.83 Library-Enrichment Fund 12,636.93 12,000.00 636.93*
, Management Education Center Library 511.92 345.00 330.28 526.64 l Mitchell Memorial 345.63 50.00 395.63
-l Walter Morofsky Memorial - W. K. Kellogg Biological Station 341.75 1,096.00 927.63 510.12 l Bernard R. Proulx Library 793.35 187.00 448.56 531.79
} Provost Library 14.413.48 4,650.17 8,931.84 101129.81 TOTAL ACADEMIO SUPPORT 150,161.86*' 26,865 23 131,874.30 287,757.43- 32,586.50 4
d f
1 43
EXPENDABLE RESTRICTED FUNDS--CONTINUED Balance Indirect Transfers Balance
_ July _l, 1979 Revenues Expenditures Costs in (Out) June 30, 1980 CIFTS AND CRANTS--CONTINUED STUDENT SERVICES Discretionary - Counseling $ 597.15 $ 92.00 $ 438.31 $ 250.84-Discretionary - Student Handicapped 1,305.50 830.00 2,135.50 Discretionary - Varsity Tennis 3,230.01 497.19 3,727.20 Engineering Equal opportunity Program 2,113.64* 50,998.50 51,686.22 2,801.36*
National Merit Scholarship - General Support 625.40* 1,500.00 2,125.40*
Upward Bound 124.95 78.64 46.31 Women's Programs in Engineering 4,175.93 62125.00 6,398.00 3,902.93 TOTAL STUDENT SERVICES 6,694.50 58,542.69 60,101.17 5,136.02
' ~
OPERATION AND MAINTENANCE OF PLANT Advanced Management Program 117,880.83* 117,880.80* '
Campus Arboretum Planting 1,192.54 218.55 1,411.09 Football Training Facility Furnishings - Class of 1930 1,550.00 1,550.00 Hancock Field Laboratory 23,912.02 120.00 $ (23,912.02) 120.00 a 4
Herrick Foundation 35,000.00 7,364.45 27,635.55 ;
Herrick Foundation - Hidden Lake Gardens 20,000.00 (20,000.00)
Hidden Lake Gardens Development 4,191.90 3,292.40 4,408.10 5,307.60 Hidden Lake Cardens Educational Program 2,039.49 715.26 1,324.23 Hidden Lake Gardens Operation 32,287.13 110.96 216,862.20 189,312.87 4,848.76 Hidden Lake Girdens Visitor Facility 380.28 105.00 275.28 Kellogg Biological Station Memorial Funds 707.31 707.31 Performing Arts Center - Designated Gifts 2,205.00 2,205.00 Albert H. Schmidt Foundation - Hidden Lake Cardens 5,877.28 814.61 6,691.89 TOTAL OPERATION AND MAINTENANCE OF PLANT 28g000.16* 40,726.43 2281339.31 149.808.95 653804.096 TOTAL GITTS AND CRANTS 1,238,152.18- 1,739,022.89 1,738,176.49 310,602.31 1,549,600.89 ENDOWMENTS INSTRUCTION AND DEPARTMENTAL RESEARCH i Academic Chair - Business 1,050.45 ) 455.95 (1,506.40)
Academic Chair - Engineering 4,201.92 8,084.60 12.286.52 Academic Chairs - Enrichment Program 8,725.91 19,60. 58 28,332.49 Academic Chairs - Enrichment Program 20,588.05 13,908.81 34,496.86 ;
Associates of the School of Hotel, Restaurant and t Institutional Management 7,527.06 8,980.19 8,993.09' 7,514.16 i 9
9
EXPENDABLE RESTRICTED FUNDS--CONTi".ED 4
t Balacce Indirect Transfers Balance July I. 1979 Revenues Expenditures Costs ip (Out) June 30, 1980 I5 ENDOWNENTS--CONTINUED i!
l! INSTRUCTION AND DEPARTMENTAL RESEARCH--CONTINilED
'I Chemistry Library ' $ 274.75 $ 341.39 $ 615.84 College of Natural Science 800.48 $ 800.48
! Harry L. and Minet E. Conrad Engineering 735.48* 2,941.00 1,764.52 441.00 it' Charles Fred Cowham Trust 2,304.82 1,146.86 3,451.68 Robert R. Dreisbach Memorial 571.09 377.67 702.72 246.04 Nancy Kay Dunkel Medical Memorial 40.48 371.55 . 342.46 69.57 President John A. Hannah Professorships 290,029.19 211,683.55 68,138.81 $ (25,000.00) 408,573.93
. James R. Hundley, Jr, Memorial 1,206.91 299.61 1,506.52 Fred C. Jenison Trust 554,017.46 140,872.92 (694,890.38)
Library Nemorial 500.77 477.92 978.69 Hechanical Engineering 6,584.52 2,164.78 8,749.30 Harlo N. Hork Chemistry Library 784.30 78.73 863.03 Clarence W. Nuehlberger Memorial 85.86 77.65 -163.51
- e Fred Russ Trust 53,083.84 16,389.94 27,097.28 42,306.50 Estate of Mirian C. Strong 3,501.91 2,293.16 , 5,795.07 Justin T. Wight 11,714.70 1,938.99 (13,653.69) s TOTAL INSTRUCTION AND DEPARTMENTAL REhEARCH 966,058.51 433,2227 3 107,839.36 (73*.,65631) ~556,390.71 RESEARCH August F. Frey and Ernest J. Frey Research I,365.64 656.43 2,022.07
, Horace H. Rackham Research 32,317.05 42,136.84 3,198.05 (27,771.31) 43,484.53 Research laitiation Grants 1,282.26- 751.29 2,033.55
- l. TOTAL RESEARCH 34,934795 43,544!53 3,198.05 (27,771.31) 47,540.15 i
PUBLIC SERVICES William J. and Hanaab Baker 38,763.96 38,763.96 Class of 1915 6,537.78 2,199.19 3,433.54 5,303.43 William G. and Lydia 8. Cooper Memorial 72.83 72.83 Japan Council 535.85 535.85 Presiden s Club 5,929.54 5,929.54
,} Presidents Club 13,564.52 13,564.52
, Don O. Tatroe Family Nemorial 550.81 188.86 600.00 139.67
!' TOTAL PUBLIC SERVICER 7,085759 61,254.75 62,344.39 5,'75I95 4
it i!
.e I
4 4'
45
EXPENDA8LE RESTRICTED 11/NDS--CONTINUED Balance Indirect Transfers Balance July 1, 1979 Revenues Expenditures Costs - In (Out) June 30. 1980 ENDA4 TENTS--CONTINUED STUDENT SERVICES Lindus L. Caulum 11 Memorial $ 306.94 $ 306.94 David Gets Award $ 267.41 453.93 $ 465.00 256.34 Dean Laurence Nemorial 497.19 497.19 Estate of William A. Present 519.42 167.83 687.25 TOTAL STUDENT SERVICES 786.83 I,425.89 962.19 I,250.53 SCHOLARSHIPS AND FELLOWSHIPS Agricultural Engineering Scholarship and Awards 1,195.98 325.57 1,521.55 Forest H. Akers Scholarship 75,638.21 17.232.35 7,978.75 84,891.81 Alfredson Memorial 68.76 76.21 $n_oo 94.97 George L. Allen Scholarship 525.88 102.2n 4a7.00 221.08 Alumni Distinguished Scholarship 1,783.68 1,783.68 Mr. and Mrs. Benjamin H. Anibal Scholarship 364.03 1,517.07 758.00 1,123.10 Lee J. and Grace Ashley Scholarship 7,475.88 1,612.29 900.00 8,188.17 Leroy Augenstein Memorial 1,459,77 725.94 1,050.00 1,135.71 ,
Paul and Edith Bagwell Scholarship I,126.92 1,017.37 1,870.50 273.79
~
Bainbridge-Cobb Scholarship I,841.06 707.76 470.00 2,078.82 Julius Barbour Memorial Scholarship 522.70 144.96 667.66 Marry C. and Doris S. Barnett Scholarship 834.51 449.95 1.284.46 Bath Band Bs *ters Scholarship 409.05 69.33 478.38
- Anna Bayha Schclarship 55.53 112.59 100.00 68.12 John W. Beaumont Scholarship 9.653.54 2,689.35 12,342.89 i
, E. A. Bessey Menorial 711.19 324.14 150.00 885.33 George J. Souyoucos Craduate Fellowship 10,890.55 7,611.68 5,400.00 13,102.23 Sandy Brand 4-H Memorial Scholarship 834.16 308.38 1,142.54 Walter O. Briggs Scholarship 2,4'4.40 772.11 3,266.51 Brinker Award - Veterinary Orthopedics 32.07 230.36 100.00 162.43 Eli Broad Fellowship 838.00 862.23 1,000.00 700.23 Clark L. and Margaret E. Brody Scholarship 2,250.75 1,178.73 1,150.00 2,279.48 Martin Victor Brown Scholarship 1,141.08 327.66 600.00 868.74 Arthur R. and Pearl Butler Scholarship 2,144.56 4,488.45 3,420.00 3,213.01 Helen Calder Nursing Scholarship '4,875.83 2,609.14 350.D0 7,134.97 46
EXPEhDABLE RESTRICTED )UNDS--CONTisULD Balance Indirect Transfers Balance July I. 1979 Revenues Expenditures Costs in (Out) June 30. 1980 ENDOWMENTS--CONTIhuED SCHOLARSHIPS AND FELLOWSHIPS--CONTINUED Ralph R. Calder Scholarship $ 1,274.39 $ 595.09 $ 1,869.48 Louise H. Campbell Scholarshi:= 124.67 202.30 $ 200 90 126.97 Albert H. Case Scholarship 11,339.51 8,859.40 29,198.91 g Albert Vaughn Case Memorial Scholarship 44,070.61 12,802.98' 56,873.59 Chapman Foundation 123.12 179.68 150.00 152.80 Dean Chester F. Clark Scholarship. 5,439.97 1,409.81 800.00 6,049.78 Class of 1957 - Activities Award 374.66 75.43 450.09 Ella Cowles - Spanish Award $1.98 36.46 50.00 38.44 Howard E. Cowles Dairy Prize 1,422.80 774.01 500.00 1,696.81 Beulah R. Crane Scholarship 5,535.08 1,108.68 '6,643.76 i
Creative Writing Prize Scholarship 141.59 201.78 343.37 Dorothy Dame and Bertha Wahlen Scholarship 17,206.98 14,858.61 15,150.00 16,915.59 Nancy Seidman Dempsey Memorial 3,141.78 2,109.44 2,500.00 2,751.22 ei Lieutenant Colonel Mark H. Doty Memorial Award 23.78 72.83 51.44 45.17 T' Karl Dressel Park Management Award 20.02 176.27 160.00 36.29
.l i 'Ma'rie Dye 34,830.37 15,226.75 17,580.61 32,476.51
, Estate of Jennie E. Eason 28.56 1,526.11 1,000.00 554.67
- Eclectic Society Scholarship 2,755.36 866.81 3,622.17
' Endowment for Financial Aid to Honors College
.\' Students 1,165.14 955.46 2,120.60 j Clifford E. Erickson Memorial 105.08 135.26 100.00 140.34 l Mary Cecelia Erickson Nemorial Scholarship 308.24 65.54 373.78 Harry J. Eustace Scholarship 604.28 106.28 50.00 660.56 i! Leonard Falcone Scholarship 3,684.7J 573.87 4,258.60 A. W. Farrall Agricultural Engineering Faculty Awards 36.60 243.99- 1,075.00 $ 1,p00.00 205.59'
!' ;i Jack B. Fields Memorial Fund for Needy Students 6,729.82 2,063.91 5,435.00 1; 3,358.73
! Charles S. Force Nemorial Agricultural Scholarship 346.03 390.74 .425.00 311.77 For-Mar Farm Management Scholarship . 629.06 629.06
,. Miriam Morgan Freeman 1,928.03 1,928.03
-} E. Ross Gamble Nemorial Scholarship' 1,406.02 841.77 2,247.79
, Nelson R. and Anna Canong Scholarship 21,702.38 7,361.76 29,064.14 i
t .
/
47
EXPENDABLE RESTRICTF.D FUNDS--CONTINUED Balance Indirect Transfers Falance
, July 1, 1979 Revenues Expenditures Costs in (Out) June 30, 1980 ENDOWMENTS--CONTIN'ur'D SCHOLARSHIPS AND FELLOWSHIPS--CONTINUED 2 John Carver Memorial Scholarship $ 388.90 $ 388.90
. Ed Cavin Memorial Scholarship $ 1,584.64 1,442.48 1,200.00 $ 1,827.12 4
P. Eduard Geldhof Scholarship 3,914.97 2,733.69 2,600.00 4,048.66 Raymond F. Giffets Memorial En81 neering Scholarship 2,188.85 961.46 1,196.08 -1,954.23 y Gilchrist-Collingwool International Scholarship 249.91 101.10 351.01 Gene Glick Hemorial Scholarship 1,830.05 589.17 2,419.22 Myndret Greenleaf Nemorial 1,333.18 1,055.12 750.00 1,638.30 Marilla Griswo?d Scholarship 419.83 202.30 622.13-7 Howard Heath Memorial Scholarship 254.65 254.65 Herzog Prize 170.25 120.07 75.00 215.32 Edson Hale Hunt Scholarship 5,009.24 2,427.81 2,285.00 5,152.05 J. P. Hutton 2,071.92 23,683.22 4,460.96 '21,294.18 Ellen B. Judson Scholarship 52.96 105.79 100.00 58.75 j.
Marintha Judson Scholarship 52.72 105.79 100.00 58.91 Carp Julian Memorial Scholarship 237.45 237.45 M .8e Karker - Farm Bureau Scholarship 733.63 634.75 500.00 868.38 Florence Kampf Scholarship 942.37 665.91 1,608.28
- H. William and Elizabeth- A. Klare Memorial Scholarship , 104,774.89 46,569.30 74,998.84 76,345.35 Morna Kline Memorial 146.99 179.56 100.00 226.55 Hideya Kumata Memorial 1,755.52 587.51- 2,343.03
) John W. Ladd Memorial 436.73 87.21 '523.94 Larian Memorial 1,348.96 2,345.49 1,000.00 2,694.45 George B. Lawson Prize Essay Scholarship 51.15 32.55 83.70 Shao Chang Lee Scholarship 2,572.98 ~ 2.374.64 1,500.00 3,447.62 i
Livestock Indust ry Scholarship Foundation 1,404.71 1,158.77 1,440.00 1,123.48' l Mandenberg Scholarship 1,195.95 5,620.70 6,816.65 a Janice Marston 1,192.18 1,195.60 2,000.00 387.78
] June and Owen McKenny Scholarship 387.62 261.31 648.93 Fred R. McNabb 4,488.37' 1,663.19 6,151.56 Edward and Mildred Meese Scholarship 1,958.69. 1,958.69 1
i 4
li8; s
4
FXPENDABLE RESTRICTED FUNDS--CONTINUED Balance Indirect Transfers Balance July I, 1979 Revenues Expenditures Costs in (Out) June 30 1980 ENDOWNENTS--CONTINUED SCHOLARSHIPS AND FELL 4MdSHIP3--CONTINUED Dr. Rae Phelps Nericle Nemorial Scholarship $ 2.945.66 $ 1,492.10 $ 1,500.00 $ 2,937.76 W. Cameron Meyers Scholarship 153.69 362.69 516.38 Michigan Dairy Memorias and Scholarship Foundation 3.712.55 13,551.17 12,331.00 4.932.72 Michigan State University Endowed Scholarships 9,979.83 8,961.92 5,200.00 .13,741.75 Nobay Friends of Richard F. Stroud Nemorial Scholarship Program 546.09 250.00 296.09 Albe E. and Dorothy J. Hunson Award 241.17 213.79 50.36 434.60 Sterling G. Murray Nemorial Grant 120.81 426.77 453.87 93.71 Ted Nicholson Nemorial Music 224.49 96.50 150.00 170.99 Lavesce Noyes Foundation 11,330.22 5,621.60 1,350.00 15,601.82 Frank Palamara Memorial 159.53 159.53 George B. Peters Schclarship Award in Criminal Justice 1,419.46 3,291.08 $ 2,169.99 298.37 L. C. Plant Scholarship 1,076.76 834.24 525.00 1,385.50
. Pontiac High School Scholarship 1,894.95 619.96 600.00 1,914.91 Drury L. Porter 839.14 839.14 Professor Lewis Richards Music Scholarship 2,144.76 919.46 905.00 2,159.02 George F. Richmond and Celia A. Richmond Scholarship 965.60 728.35 1,69~,.95
' Estate of Henry T. Ritter 6,781.08 I,476.91 8,2?7.99 Jeff Rooney Kenorial Prize 69.21 09.21
\'
C. A. Rosenbrook Scholarship 779.19 142.96 922.15 Carl Rossman Memorial I,643.60- 615.47 1,400.00 859.07 Eliza Rossman Nemorial 1,543.60 615.47 300.00 1,859.07 Russell A. Runnells Pathology Prize 288.20 290.22 90.00 528.42 Michael J. Rutherford Memorial Scholarship 900 41 900.41 Edward H. Ryder and Georgia S. Ryder Scholarship 363.56 974.90 1,200.00 138.46
! Safko Nemorial 107.89 40.75 42.24 106.40 i
, George P. Sanford and Lcuise King Sanford Nemorial 819.45 378.42 1,197.87 William Sayer Scholarship 225.87 53.14 33.50 245.51 P. J. Schalble Nemorial for Poultry Science 641.31 383.59 500.00 524.90 o; Gary L. Schilling Cooperative Scholarship 2,724.85 655.07 3,379.92
) Louis A. Shaffer Scholarship 1,554.66 501.80 600.00 1,456.46 Heler Pratt Shane Award 92.42 187.10 175.00 104.52 Fred A. and Eva G. Simonsen Schol.rship 19,926.51 8,532.70 4,266.65 24,142.56
, Sherrod and Abigail Skinner 73,192.97 !!,949.51 (85,142.48)
Kenneth Kingsley Smith Memorial 196.d? 126.38 322.41 Stevens Averd in Medical Technology 597.69 200.69 50.00 748.38 49
,' EXPENDABLE RESTRICTED FCM--CONTINCD Balance Indirect Transfers Balance
_Jul d , 1979 Revenues Expenditures Costs In_(Out) June 30, 1980_
ENDOWMENTS--CONTINUED ,
SCHOLARSHIPS AND FELLOW 5 HIPS--CONTINUED Terrill D. Stevens Memorial Scholarship $ 294.58 $ 434.43 $ 200.00 $ 529.01 Forrest C. Strons Memorial Scholarship I,768.48 1.162.01 2,930.4o Charles Herry and Harriet L. Stroud Scholarship 2,353.11 735.65 900.00 2,188.76 Emory W. Tappan Memorial 992.09 732.45 700.00 1,024.54 Mr. and Mrs. C. Bart Tenny Scholarship 612.43 839.24 600.00 851.67 Hermann H. Thornton Award 171.84 168.82 50.00 290.66 Alice Cutler Thorpe Graduate Scholarship 773.52 250.76 1,024.28 Estate of Leone E. Wheaton Tudor 9,019.89 5,130.75 I4,150.60 Dr. L. M. Turk Memorial 35.15 102.40 75.00 62.55 William F. Uhl 2,300.07 1,636.03 3,916.10 Roy Underwood Music Scholarship 197.96 118.80 300.00 16.76 Veterinary Faculty Scholarship 25.37 65.72 50.00 41.09 Terry M. Watts Memorial 1,574.90 766.81 300.00 2,041.71 Wayne County Hedical Milk Commission Award 473.32 102.52 50.00 525.84 Dorothy K. Widick Hemorial Scholarship 1,941.22 2,720.30 2,500.00 2,161.52 Estate of Henry W. Wissen 2,535.42 692.30 400.00 2.827.72 Philip W. Wil' uela Scholarship 17,828.71 2,020.85 19,849.56 John Wilke Scholar.'4o .
I,682.89 1,682.89 Charles E. Wilson Schonership 7.857.81 4,583.67 12,441.48 Jesse P. Wolco.t Scholarship 4,355.54 1,061.82 5.417.36 Ernst Victor Wolff Memorial 698.04 90.51 788.55 Paul Wooley Memorial 266.19 148.46 414.65 j Effie Jane Wrisht Scholarship 997.75 422.17 1,419.92 Ralph H. Toung Scholarship 39 3 009.71 39,009.71 ,
l TOTAL SCHOLARSHIPS AND FELLOWSHIPS 615,060.79 352,968.29 252.941.01 $ (8F,972.49) 653.115.58 OPERATION AND MAINTENANCE OF PLANT .
Forest H. Akers Colf Course 28,698.15 (28,698.15)
Albert H. Case Memorial Laboratory 232.104.04 39,607.84 (271,711.88)
Albert Hermon Case 596,607.32 140,198.91 (734,806.23)
Harry and Harriet Fee 161,099.95 136,879.38 (100,000.00) 197,979.3' Jessie T. Fee Trust 103,019.04 82,386.59 (73,720.97) 111,684.66 Sarah Van hoosen Jones 5,858.86 17,897.18 23,756J4)
TOTAL OPERATION AND MAINTENANCE OF PLANT 3 0 8,689.21 9 445,668.05 J(1,234_,69 M 7) 309,663.99 TOTAL ENDOWMENTS 2.742,648.88 1,338,083.57 427.305.00 72,079,417.54) 1,573,939.91 50
. . . . . - . . . . . _ . . ~ c --. _ .
EXPENDABLE RESTRICTED FUhu M TINUED
-4 g
Balance Indirect- Transfers Balance i July 1, 1979 Revenues Expenditures Costs In (Out) June 30. 1980 SCHOIARSHIPS AND IELIOWSHM State of Michigan Grants $ 1,879.67 $ 956.87 $ 922.80
., Federal Grants 489,472.84 $ 3,298,582.21 3,282,737.78 $.121,305.12 384,012.15
] Private Gifts and Crants:
4 Abbott Scholarship Fund .,400.00 1.400.00 i Accounting and Financial Administration 1,530.67 22,096.00 13,918.52 9,708.15 1- Aid Association for Lutherats 4,250.60 4,250.00 Alcoa Foundation 2,250.00 3,000.00 2,250.00 3,000.00
- , A!!ied Chemical 2,000.00 2,000.00 ii
,# 'American Association of Advertising Agencies 1,650.00 9,130.00 10,700.00
- American Notel and Notei Association 1,000.00 1,000.00 600.c0 1,40n.00 i Amoco Foundation. Inc. 5,850.00 5,850.00 A. A. Applerate 149.28 925.00 925.00 149.28
, Arizona State University 2,418.25 1,987.50 430.75 Associates Scholarships 50.00 1,250.00- t,390.00 3 Battle Creek Kennel Club 1,250.00 1,250.00
?
~Alvin M. Rentley Foundation 65.00 8,000.00 '7,000.00 1,065.00 Linda Jean Benta Nemorial Award 655.26 55.91 711.17 Berman-Augenstein Scholarship 500.00 $ 3,506.96 3,006.96 Bethlehem Steel Corporation 526.00 526.00 Biochemist ry 5,367.50 3,030.00 2.337.50
+ g Boeing Corporation 2,158.92 2,000.00 2,158.92 2,000.00
' W. R. Brown Engineering. '20,042.08 7,603.17 10,701.00 16,944.25 l
Burroughs Corporation - Engineering 476.92 476-92 CCIP Scholarship 1,438.50 2,308.00 2,292.00 1,454.50 M. Lois Calhoun Mistology 3;3.47 . 10.83 104.04 -227.26 j California Company 500.00* 1,000.00 500.00
- Campbell Soup Company 2,987.74 .2,987.74 .-
J' John Carew Memorial 4,759.00 4,759.00 I
Caulkins Foundation 18,567.23 1,120.04 2,500.00 17,187.24:
3; Central Michigan Lapidary and Mineral Society 251.50 251.50 Chemical Engineering 10,811.89 6,922.40 ' 4,195.00 13,539.29
)j{ Chrysler Corporation 3,390.00 3,390.00
., City Service Foundation 231.00 .231.00 -
4 51
+,, e ,a==J
EXPENDABLE RESTRICTED FUNDS--CONTIOED 4
a Balance Indirect Transfers 'Polance July 1. 1979 Revennes Costs Espenditures in (Out) June 30. 1980 SCHOLARSHIPS AND FELLOWSHIPS--CONTINUED Private Gifts and Grants--Continued:
Club Managers Association of America $ 13.50 $ 1,000.00 1,000.00 College of Education $ $ 13.50 t00.00 100.00 College of Human Medicine 768.28 College of Osteopathic Medicine 768.28 689.40 50.00 250.00 489.40 Consumers Power company 125.63 56.98 68.65 Continental Oil Company 2,000.00 2,000.00 W. J. E. Crissy Nemorial 13,094.00 700.00 13,794.00 Dana Corporation 1,000.00 1,000.00 Detroit Edison Company 1,202.63 1,202.63 Diamond Alkali Company 150.00 150.00 Diamond Alkali Company Foundation 4,526.85 4,500.00 Diamond Shamrock Corporation 26.85 168.00 168.00.
Dow Chemical 7,200.00 22,000.00 13,085.45 J. Sandow and J. Profit Draper 16.114.55 5,535.53 5,535.53 l Driver Education 4,785.14 4,785.14 '
Malcolm C. Drummond 550.00 Duncan Hines 550.00 1,000.00 600.00 400.00 Elevator Scholarship 300.00 2,250.00 2,200.00 Engelhard Industries 350.00 20,000.00 10,726.80 9,273.20 Mildred B. Erickson 18,939.50 7,241.88 6,517. 19,663.88 Estate of Irma A. Ford 1,554.32 1,597.74 43.42*
Exxon U.S.A. Founlation 200.00 200.00 Faculty Folk Club . 7.00* 7.00 Farmers Advance Scholarship .1,800.00 1.400.00 400.00 Federated Carden Club 3,000.00 1,250.00 1,750.00 William L. Finni Nemorial . 812.00 812.00 Food Executives Club of Florida 90.00 90.00 Food Science 5,503.00 14,005.00 4,650.80 14,857.20 Ford Farm Ef ficiency 338.50 Foreign Student Emergency 338.50 342.68 5,979.05 4,638.74 1,682.99 WaTd A. Fredericks 4.00 Future Farmers of America Agricultural Education 4.00 350.00 1,400.00 1,350.00 400.00 General Motors Corporation 787.30 10,000.00 234.95 10,552.35 Centry Memorial 2.00* 2.00 Gerlich Memorial Fund 741.00 741;D0 52
EXPENDABLE RESTRICTED FUNDS- .'ONTINUED Balance Indirect Transfers Balance July 1. 1979 Revenues Expenditures Costa In (Out) June 303,4980 SCHOLARSHIPS AND FELIJ0WSHIPS--CONTINUED Private Gifts and Grants--Continued:
David Geta Nemorial $ 240.00* $ 240.00 Doris J. and George H. Giddey 2.16* 877.00 $ 874.84
, Giffels Associates. Inc. I,000.00 1,000.00 7 John Grafuis Fund 3,657.50 $ 3,657.50 John Grissaan and Aasociates 1,000.00 1,000.00 Grocery Nanuf acturers Association 471.00 18,750.00 21,784.00 2,563.00*
Gross Telecasting 1,667.00 1,667.00 John Gulash Nemorial 434.34 50.00 484.34 Hancor, Inc. Amundson Scholarship Award 1,620.00 1,000.00 620.00 Hard Corps 1,670.00 2,600.00 1,200.00 3,070.00
]
Harris, Kerr and Foster 15.00 15.00 1' Rinnan 8,259.00 37,000.00 27,670.00 17,589.00
! t Willine and Sarah Hinman 8,000.00 8,000.00 '
- i 1
Miram-Walker, Inc. 257.52 542.48 800.00 j Honors Orchestra 4.301.08 100.00 4,401.08 i George M. Moruich 895.00 895.00 i
{ Munt Energy Corporation 500.00 500.00
, Inflight Food Services Association 2,100.00 3.200.00 1,600.00 3,700.00 i Ingersoll-Rand Company 166.00 2,000.00 1.998.00 168.00
( Ingham County Medical Society 2,760.00 2,760.00 Institute of Agricultural Technology 854.00 629.00 225.00 International Nickel 10,000.03 7,593.02 2,406.9k 4
- Frank Johnson Memorial 91,106.44 11,711.26 7,283.68 95,534.02 Koward Johnson 200.00 200.00
,t Robert Wood Johnson Foundation - Human Medicine 9,272.88 9,272.88 Robert Wood Johnson Foundation - Osteopathic Medicine 1,532.50 1,532.50 Johnson Matthey, Inc. 5,000.00 5,000.00 Johnson's Wax Fund, Inc. 6,000.00 5,500.00 500.00 -
Maa Kade Foundation 81.93 88.93 Kenny Michigan Rehabilitation Foundation 7,907.68 4,000.00 6,305.00 5,602.68 41 -
I' f
+
i i
53
EXPENDABLE RZ5TRICTED 11)NDS--CONTINUED Balance Indirect Transfers Balance July 1, 1979 Revenues Expenditures Costs In (out) June 30, 19C SCHOLARSHIPS AND FELLOWSHIPS--CONTINUED Private Gifts and Crants--Continued:
, Dr. Martin Luther King $ 87.00 $ 87.00 Julie Klenkoski - Award in Human Development 65.00 65.00 Martha M. Knierium Memorial 810.00 810.00
- Koppers Company Foundation ce, $ 3,000.00 3,000.00 Lansing Project - Hinman Scholarship N 7,227.09 7,227.00 Landscape and Nursery 460.00 514.00 $ 200.00 774.00 Latin American Research 328.07 20.00 300.00 48.07 Law Enforcement Assistance Administration 492.15 492.15 Lear Siegler, Inc. 1,000.00 500.00 500.00 Eli Lilly and Company 275.00 36.23 238.77 Literature and Fine Arts 237.90 237.90 a
Livestock Industry - MSU Rodeo 2,300.00 2,300.00 A. H. Mack Memorial 3,800.01 368.84 4,168.85 Clare E. Maiers Memorial 2,000.00 1,000.00 1,000.00 ,
Manpower Studies 432.35 1.34 433.69 March of Dines - Capitol Chapter 500.00 500.00 John and Mary P. Markle Foundation 1,558.72 335.00 1,223.72 K. Markwardt Memorial Fund 4,965.00 300.45 4,664.55 Marriott Foundation 300.00 1,500.00 1,800.00 l
Edwin N. Mathews 930.00 930.00 Memorial 2,249.87 2,249.87
, Mexican American 400.00 400.00 Michigan Asphalt Paving Association 2,178.23 2,178.23 Michigan Bankers 80.00 F3.00 Michigan DNIA 1,200.00 1,2s0.00 *
, Michigan Farm and Garden Foundation 365.50 11,792.00 ll,6i2.00 485.50 Michigan Fare Equipment Association 370.50 370.50 Michigan Foundation for Medical and Health Education 165.00 165.00 i
Michigan Home Economics Extension Homemaker- 500.00 500.00 Michigan Milk Producers 2,700.90 2,700.00 Michigan Osteopathic College Foundation 1,444.69 1.444.69 Michigan Pesticides Association 500.00 500.00 Michigan Road Builders Association 2,500.00 .2,500.00 2,500.00 2,500.00
{ Michigan Rural Rehabilitation Co-op 7.334.00 6,400.00 934.00
- Michigan State University Faruity 5,319.37 743.00 1,851.00 4,211.37 4
1 54
5 5
0O 400 8 00500 000 704 0 4 00 04900 0 30 401 1 10183 000 800 5 3 00 08430 8 0. J. M.8 0 e9 70495 758 9 40708 050 700 6 8 55 34690 c1 79057 639 6 50110 005 000 3 1 38 23250 n 2 3,5 2 5 - 5 !,0, 0,1,3 0,3 6 3,5 5 9 8 3 1 1,8, 7,0, a
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EXPENDABLE RESTRICTED FUNDS--CONTINUED
'i i
i :i Balance Indirect Transfers Balance July 1. 1979 Revenues Expenditures Coste in (Out) June 30, 1980 SCHOI.ARSHIPS AND FELLOWSHIPS--CONTINUED
~
Private Gifts and G.snts--Continued:
Signe XI Fellows >sp $ 750.00 $ 248.76 501.24 j State News $ 4,567.90 3,925.00 642.90
- Sterling - Winth.op 5,680.00 5,680.00 i Terrill D. Steven. 200.00 Sho.00 700.00 Stouf fer Corporation 1.250.00 1,200.00 1,200.00 1,250.00-Student Programa 29.14 Telfare 29.14 80.00 80.00
] Tenneco 011 Co. 4,000.00 4,800.00 4,000.00 .4,800.00.
H. B.'Tukey Nemorial 1,220.00 1,220.00 Turfarass- 40.00 40.00 United States Steel Foundation 3,741.78 .05 3,741.73 Upjohn Company 1,057.63 15,000.00 Upjohn Company - Veterinary Pathology 16.057.63 18,822.08 28,000.00 9,591.00 37,231.04 Urban Planning Award 1,021.15 75.56 502.30 594.41 {
Urban Plancing Centurv Fund 765.00 765.00 t i '
B. R. Van Zwalenburg 151.47. t '
Veterinary Nedicine 151.47
. 4,575.00 1,900.00 2,675.00 Weizmann Fellowship. 12,500.00 11,643.19 g i 856.8' a Woodrow Wilson National ioun stion 15.494.30 1,305.00 14,149.30 t
John R. Winchester Memorial 1,035.97 1,035.97 4
4 4 f
4 f
2 56, e
& w w
EXPENDABLE RESTRICT 79 FUNDS--CONTINUED 4
Balance ladirect Transfers Balance July 1, 1979 Hevenues Expenditures Costs in (Dut) June 30, 1980 SCHOLARSHIPS AND FELLOWSHIPS--CONTINUED 4 Private Gifts and Grants--Continued:
[ Arthur R. Wolf $ 2,000.00 $ 1,000.00 8 3,000.00 Women's Ausiliary to Wayne County Medical Society 1,225.00 700.00 1,925.00 bbeen's Contin 8ency . 114.82 114.82 Wrestlin8 14,384.46 $ 1,900.00 12.484.46 Ralph H. Youn8 559,874.55 $ (559,874.55)
TOTAL SCHOLARSHIPS AND FELLOWSHIPS 974,308.67 4,360,000.58 3,681,152.60 $ 128,305.12 (566,367.59) 965,483.94 TOTAL EXPENDABLE RESTRICTED FUND $10,839,470.46 $91,573,412.86 $79,804,493.30 '$8,127.719.09 $(2,868,575.00) $11,612,095.93 Transfers Mandatory--Plant Fund $ (51,506.40) amassma---++ =
Others '
, s Des 18aated Fund $ 17,918.15 Ausiliary Activities Funds 1
Student Aid (559,874.55) 1 Other (28,698.15)
, Endoument Fund 7,215.54 t Student Loan Fund 3,881.96 I Plant Fund--Facility Espansion (2,257,511.55)
\.
TOTAL '$(2,837,068.60) '
i
- Indicates overdraft, s
4 9
F
't 57-
ACRICULTURAL EXPERIMENT STATION MICHICAN ST4TE UNIVERSITY Tear ended June 30, 1980 Expenditures 8alance Suppites and Transfers July I 1979 Salance
- Revenues Salaries Labor Equipment Total Services In (Out) . June 30. 1980 State of Michigan
Sod and Turf Research $ 32,700.00 $ 13,353.00 $ 11,168.04 $ 6.046.66 $ 2,132.30 $ 32,700.00
, Pesch Tree Research $ 1,151.74 22,500.00 8,435.00- 7,802.01 5,323.44 2,086.85 Pe sticides Research 23,647.30- $ 4.44 28,030.72 467,500.00 315,493.00 27,138.51 103,537.48 44,703.33 4,656.40 i Peet Control 3,793.13 490.874.32 56,100.00 42,102.13 4,707.14 10,513.64 1,534.'90 58,857.81 1,035.32 Wirter Wheat Research 8,847.67 70,100.00 32,881.00 19,041.99< 5,320.30 4,390.57 61,633.86
. Vegetable Research 17,313.81 7,211.26 112,100.00 53,203.00 22,913.77 24,012.65 105,289.45 Asan Plant Research 2,570.05 5.160.03 14,021.81 74,800.00 17,294.00 32,373.49 23,604.64' 2,126.94 75,399.07 1,970.98 Cattle Infertility 70,200.00 45,590.00 3,368.36 7,658.39 2,256.00 58,872.75 11,327.25 Seef Cattle Research 791.37 70,200.00 12,244.00 52,023.94 5,478.32 719.62. 70,465.88 Weather Adaptability 389.18 33,600.00 525.49 21,201.00 1.560.96 4.983.25 1,239.95 28,985.16 5,004.02 Mighway Trees Research 3,239.57 10,000.00 3,160.00 3,868.00 2.235.60 3,000.00 12,263.60 975.97 Rural Community Development 8,242.59 58,000.00 39,237.48 4.494.53 8,638.90- 2,182.68 54,553.59 A8 ricultural and Municipal 11,689.00 Waste 27,996.60 130,800.00 43,522.00 21,717.27 34,816.54
? 24,871.68 124,927.49 33,869.11
, Calf Mortality 8.164.94 46,800.00 19,375.00 18.497.80 5,655.90 43,328.70 11,636.24 Livestock Production 7,903.59 46,800.00 27,380.00 7,231.15 14.457.00 45 48 48,913.63 5,789.96 Accelerated Tree crowth 785.61 70,140.00 32,448.00 8,344.13 17,933.59 58,725.72 12,159.89 ,{
Viticulture 50,000.00 17,393.00 6,148.24 16,315.00 6,529.63 46,385.87 3,614.13.
~
Clarksville Emperiment
- Station 107,830.94 700,000.00 23,081.00 23,864.35 73,746.87 40,179.69 Large Animal Research 160,871.91 $(510,764.73) 136,194.30 s Center 43,812.86* 250,000.00 69,782.87 91,500.50 161,283.37 7.752.00 52,655.77 Food Contamination 76,696.37 170,000.00 68,103.00 12,873.63 57,990.04 63,028.32 204,994.99 44,701.38 Toxicology 106.498.36 351,400.00 71.148.00 48,100.31- 114,839.07 39,175.71 273,263.09 American Spruce (42,500.00). 142.135.27 56,250.00 24,782.00 630.75 8,781.79 22,055.46 . 56,250.00
- State - General _201,315.81 8.8873900.00 6,266.085.64 _494,217.82 1,504.541.99 _425,593.67 __8t 690,439.12 118,434.45) 557,646.64 380,342.24 11,837,850.00 7,197,In3.25 813,588.39 2,139,055.83 790,169.21 10,939,926.68 - (563,947.18) 891,622.78 Federal
Natch 102,179.25 2,607,272.00 2,557,320.00 11,284.27. 104,152.27 Natch Regional Research 31,454.04
.34,705.81 2,707,462.35 1,988.90 568,453.00'. 236,781.00 62,512.62 212,707.39 31.443.38 $43,444.39 56,462.65 Match Animal Disease 111,226.00 13,145.00 9,249.98 37,653.79 4,437.95 64,486.72 Rural Development
- Title V 45.470.15 46,739.28
' 42,727.00 23,251.00 5,405.39 12,823.95 277.47 41,757.81 46,439.34 McIntire-Stennis ___l,187.92* 95,367.00 72,210.67 14,643.88 ___21 426.52 89.281.07 4.898.01 177.915.52 3.425.045.00 2,902.707.67 ___88.452.23 381.981.28 73.291.13 __3.446.432734 ___}$6tS28.18 TOTALS
$735,562.16 $15.262,895.00 $10,099,820.92 $902,040.65 $2,521.037.11 $863.460.34 $14,386,359.02 $(563,947.18) $1,048,150.96
=========== ===-
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COOPERATIVE EXTENSION SERVICE nlCallCAN STATE UNIVERSITY Year ended June 30, 1980 Expenditures -
Balance Supplies and Transfers Balance JJ y 1 1979 Revenues Salaries Labor Services E3uipment Total In (Out). June 30 1980 Stste of Michigan:
4-11 Club $ 24,893.92 $ 1,049,000.00 $ 647,951.80 $ 20,587.93 $ 239,301.76 $ 12,646.98 $ 920,488.40 $ 153,405.52
-Horse Study 24,291.79 24,900.00 18,727.25 4,738.31 7,369.19 30,834.75 18,357.04 Integrated Pest k nagement 1,491.76 49,800.00 7,599.39 1,133.78 22,020.19 2,305.06 33,058.42 18,233.34 Agricultural and Municipal Waste 97,784.48 49,800.00 10,780.31 15,648.18 26,826.57 639.88 53,894.94 93,689.54 Family kesources m aagement 73,978.46 149,000.00 60,267.62 23,959.34 68,796.08 2,612.95 155,635.99 67,342.47 Nutrition 95,038.23 248,800.00 66,973.06 33,781.43 48,735.49 1,054.87 150,544.85 193,293.38 Sea Grant 24,536.51 100,000.00 64,914.13 21,827.52 32,202.00 5,592.86 124,536.51 Animal Health Toxicology 56,250.00- 9,174.67 4,953.70- 10,564.29 5,552.11 30,244.77 26,005.23 State - General 627,018.85 8,962,925.00 6,614,915. 46 153,940.17 1 434,876.63 91,020J8 3 294 753.14 t 1 295,213.71 97>9,05C00 10,690,475.00 7,501,303.69 275,832.05 1,888,0&i~32 128,794.71 9,793,991.77 1,835,537.21 Federal Smith-Lever Programs:
General 230,028.004 5,244,989.60 5,014,961.60 5.014, % I.60 4-X Urban 32,292.07 158,700.00 77,818.26 14,347.90 84,339.01 2,702.87' 179,208.04. 11,784.03 4-X Rural 5,320.74 79,350.00 58,828,80 3,856.01 22,791.10 550.00 86,025.91 1,355.17*
Farm Safety 19,600.56 15,000.00 10,202.96 2,834.03 13,036.99 21,563.57 .
Pest k nagement 9,560.08 135,811.40 23,484.45 41,388.12 63,398.69 128,264.26 17,107.22 Rural Development 7,967.00 7,967.00 7,967.00 .
Part Time Farming 2,598.58 32,171.00 2,431.84 3,499.30 6,769.55 12,700.69 22,068.39
- Urban Gardening 80,107.39 150,000.00 59,003.42 28,345.37 12,733.90 251.00 100,333.69 129,773.70 haagement Education 8,770.10 27,340.00 ' 7,643.85 710.33 4,838.68 13,192.86 22,917.24 Nutrition 139,343.72 1,541,462.00 414,273.90 974,435.13 80,292.60 159.20 1,469,160.83 211,644.89 g Pesticide Impact Assessment 32,306.42 39,833.00 61,797.00 J,291.27 3,112.50 350.00 67,550.77 - 4,588.65
- Direct Farmer Markecing 17,391.82 4.42 880.61 1,203.90 2,088.3? 15,303.49 Rural Development - Title V 78,120.18 71,212.00 28,130.33 8,278.6.5 40,647.28 1,852.28 78,908.52 70,423.66 Pest Applicator Training 7,97A 20* 85,350.00 66J 0.81 24,188J3 145J4 11,766.04*
187,413.46 7,589,88E00 5,832,718 3 4 1,078,025.07 347,149.67 786.60.
6,658.95 _7,264, 98,545.33 512.054.13 Counties - Local Funds 5,553.60 577,924.00 583,477.60 _
583.477.60 TOTAL.S $1,162,024.06 $18,857,585.00 $13,917,499.93 $1,353,857.12 $2,235,210.99 $135,446.66 $17,642,014.70 $2.377,591.36
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8 2~ t. N-4 % __1._ _ _--__.____-_.____m _______.____._._____.___.____._._.m _ _ . _ . - _ . - . __ _ . _ . _ _ _ . _ . . _ _
I I ENDOWMENT FlmDS MICHIGAN STATE UNIVERSITY i
- Year ended June 30, 1980 t
l Additions , Principal Cains (Losses) Principal Balance income from from Sales of Transfers Salance '~ Fund July 1, 1979 Gifts Investments Investments In (Out) Deductions __ June 30. 1980 4 ENDOWMENT FUNDS Academic Chairs - Enrichment Program $ 193,444.95 $ 84,327.77 $ 19,606.58 $ (9.443.09) $ 19,606.58 $ 267,829.63'
' Forest H. Akers Scholarship 203,366.57 17.232.35 (7,296.%) 17,232.35 196,069.61 George L. Allen Scholarship 1,205.26 102.20 25.02 102.20 1,230.28'-
Bainbridge-Cobb Scholarship 9.831.52 707.76 (299.70) 707.76 9,531.82 William J. and liannah Baker 369,813.66 38,763.96 9,489.92 38,763.96 379,303.58 Harry C. and Doris S. Barnett Scholarship 5,320.71 449.95 110.15 449.95 5,430.86 Anna Bayha Scholarship 1,329.32 112.59 27.56 112.59 1,356.88 John W. Beaumont Scholarship 31,172.75 2,689.35 658.39 2,689.35 31,831.14 John Boezi Graduate Memorial Scholarship 125.00 . 125.00 j George J. Bouyoucos Graduate Fellowship 69,610.03 7,611.68 1,538.50 7,611.68 71,148.53 Walter O. Briggs Scholarship 11,484.15 772.11 189.02 772.11 11,673.17 Clark L. and Margaret E. Brody Scholarship 16,553.10 1,178.73 (499.13) I,178.73 16,053.97
. Arthur R. and Pearl Butler Scholarship 54,554.71 4,488.45 (1,900.62) 4,488.45 52.654.09 .i Nelen Calder Nursing Scholarship 42,519.60 2,609.14 638.75 2,609.14 43,158.35 . . Ralph R. Calder Scholarship 7,143.10 595.09 145.69 595.09 7.288.79 202.30 49.52 202.30 2,436.11
[ ., Louise H. Campbell Scholarship 2,386.59 (5,421.37) 12,802.98 182,066.14 Albert Vaughn Case Memorial Scholarship 187,487.51 12,802.98 Lindus L. Caula 11 Memorial 6,100.00 306.94. 139.47 306.94 6,239.47 Chemistry Library 2,961.18 1,000.00 341.09 86.06 -341.09 4,047.24 ( Class of 1915 18,083.10 2,199.19 '(931.23) 2,199.19 17,151.87
\
Harry L. and Minet E. Conrad Engineering Scholarship 36,982.63 2,941.00 (1,245.35) 2,941.00 35,737.28 William G. and Lydia B. Cooper Memorial 1,074.57 72.83 17.83 72.83 1,092.40 Howard E. Cowles Dairy Prize 9.742.33 774.01 189.49 774.01 9,931.82
.l 1,108.68 ' 13,012.56 Beulah R. Crane Scholarship 13,482.02 1,108.68 .(469.46)
Creative Writing Prize Scholarship 2,470.87 201.78 (85.44) 201.78 2,385.43 i
! Nancy Seidman Dempsey Memorial 24,709.70 109.44 516.42 .~2,109.44 25,226.12 l Lieutenant Colonel Mark H. Doty Memorial Award 1,074.57 72.83.' 17.83 .'72.83 1,092.40 Marie Dye 15,226.75 (6,325.44) $ .195,299.03 15,226.75 188,973.59 l 9,782.94
Eclectic Society S(bolarship 9,570.73 866.81 212.21 866.81 Endowed Scholarship 96,000.00 96,000.00 t '
)
1 Mary Cecelia Erickson Memorial Scholarship 954.20 65.54 16.04 65.54 970.24 Harry J. Eustace Scholarship 1,603.44 106.28 26.02 106.28 1,629.46 Harry and Harriet Fee 1,728.374.73 136,879.38 203,142.49 136,879.38 1,931,517.22 Jessie T. Fee Trust 984,623.53 82,386.59 114,378.14 82,386.59 3,099,001.67-Jack B. Fields Memorial for Needy Students 28,257.56 2,063.91 (873.95)' -2,063.91 27,383.68 63-
ENDOWMENT FUNDS--CONTINUED Additions Principal Gains (Losses) Balance Principal
- Income from from Sales of Transfers Ratance Fund July 1, 1979 Gifts Investments Investments In (Out) Deductions June 30, 1980 ENDOWMENT ITINDS--CONTINUED For-Mar Fara Management Scholarship $ 12,500.00 $ 629.06 285.84 E. Ross Gamble Memorial Scholarship $ 12,684.26 841.77
$ $ 629.06 $ 12,785.84 Nelson R. and Anna Canong Scholarship 91,366.41 (356.44) 841.77 12,327.82 7,361.76 (3,117.31) 7.361.76 88,249.10 Ed Gavin Nemorial Scholarship 21,767.05 1,442.48 P. Eduard Geldhof Scholarship 35,795.35 (610.81) 1,442.48 21,156.24 4
2,733.69 (1,157.57) 2,733.69 34,637.78 Raymond F. Giffels Memorial Engineering Scholarship 17,152.27 961.46 Gilchrist-Collingwood International (407.12) 961.46 16,745.15 1 Scholarship 1,194.39 101.10 Marilla Criswold Scholarship 24.75 101.10 1,219.14 2,386.59 202.30 49.52 President John A. Hannah Professorships 1,231,591.50 202.30 2,436.11 180.00 89,480.64 (31.373.57) 89,480.64 1,200,397.93 l Howard Heath Nemorial Scholarship 9,677.00 254.65 231.65 254.65 9.908.65
, Edson Hale Hunt Scholarship 30,438.29 2.427.81 (1,028.04)
Japan Council 2,427.81 29.410.25 15,596.98 535.85 377.02 535.85 Ellen B. Judson Scholarship 1,203.10 15,974.00 i 105.79 25.90 105.79 1,229.00 Marintha Judson Scholarship 1,203.10 105.79 25.90 , j Marge Karker - Farm Bureau Scholarship 9,259.03 105.79 1,229.00 ; 634.75 155.40 634.75 9,414.43 , H. William and Elizabeth A. Klare Nemorial Scholarship 623,470.70 46,569.30 (19,719.55) John W. Ladd Memorial 46,569.30 603,751.15 1,035.63 87.21 21.35 Larian Memorial 87.21 1,056.98 27,538.04 4,4LJ.00 2,345.49 606.30 i George B. Lawson Prize Essay Scholarship 397.04 2.345.49 32,174.34 32.55 (13.79)' 32.55 383.25 Shao Chang Lee Scholarship 26,304.64 3,005.00 2,374.64 637.28 2,374.64 29,946.92 Library Memorial 5,319.42 222.25 477.92 118.44 477.92 5,660.11 Janice Marston 14,797.94 1.195.60 (506.27) 1,195.60 14.291.67 June and Owen McKenny Scholarship 4,718.91 10G.00 261.31 ,j Edward and Mildred Neese Scholarship (113.44) 261.31 4,705.47 14,030.00 1,958.69 479.51 1,958.69 Michigan Dairy Memorial and Scholarsh!p 24,509.51 j Foundation 165,076.12 17,991.00 13,551.17 3,519.72 J 13,551.17 186,586.84
, Michigan State University Endowed Scholarships 111,797.81 8,961.92 (3,794.88) s Nobay Friends of Richard F. Stroud 8,961.92 108,002.93 Memorial Scholarship Program 8,000.00 546.09 175.94 Harlo M. Nork Chemistry Library 1,152.10 546.09 8,175.94 78.73 (33.34) 78.73 1,118.76 Clarence W. Nuehlberger Memorial 883.23 77.65 i-Albe E. and Dorothy J. Mucson Award . (32.88) 77.65 850.35 2,466.08 213.79 52.34 Sterling G. Nurray Memorial Grant 4,788.65 213.79 2,518.42 426.77 104.48 426.77 4.893.13 3
64
+
_ _ . m., ENDOWMENT WNDS--CONTlWUED 4 Additions Ptsacipal Cains (Losses) Principal Balance laceae from free Sales of Transfers Balance Fund July 1. 1979 Citta investments Investments In (out) Deductions June 30 1980 END064 TENT FUNDS--CONTINUED Ted Nicholson Memorial Music $ 1,330.11 $ 96.50 $ 23.62 $ 96.50 $ I,353.73 Laverne Moyes Foundation 75,126.94 5,628.60 (2.380.44) 5,623.60 72,746.50 Frank Palasara Memorial 1,758.50 159.53 39.06 159.53 1,797.56 Walter F. Paten 8e Chair of Osteopathic Medicine $ 450,000.00 450,000.00 L. C. Plant Scholarship 11,773.11 834.24 204.23 834.24 18,977.34 l Pontiac Ni 8h School Scholarship 7,184.18 619.96 151.78 619.96 7,335.96 The Presidents Club 79,549.04 5,929.54 1,451.61 5,929.54 85,000.67
! Morace 11. Rackham Research 500,000.00 42,136.84 42,I36.84 500,000.00 Horace H. Rackham Reserve 24,196.35 2,008.44 26,204.79 Geor8e F. Richmond and Celia A. Richmond Scholarship 10,:45.09 728.35 178.38 728.35 10,923.40 Jeff Rooney Memorial Prize 1,375.00 69.21 31.45 69.25 1,406.45 lt C. A. Rosenbr%k Scholarship I,910.34 142.96 33.00 142.96 I,945.34 ,. Carl R(,ssaan Memorial 7,695.20 615.47 150.67 615.47 7,845.87 Eliza Rossaan Memorial 7,695.20 615.47 150.67 615.47 7,845.87 ! , Russell A. Runnells Patholo8y Prise 2,165.45 2,266.96 290.22 94.96 290.22 4,527.37 Fred Russ Trust 204,071.08 16,389.94 (6,210.34) 16,389.94' 197,860.74 1
Michael 4. Rutherford Memorial Scholarship 900.41 289.91 $ 10,000.00 900.41 10,219.98 i Edward H. Ryder and Geor8t a S. Ryder
\ Scholarship II,938.45 974.90 238.67 974.90 12.177.12 Geor8e P. Sanford and Louise Kin 8 Sanford Memorial 4,467.22 378.42 92.64 378.42 4,559.86 William Sayer Scholarship 625.91 53.14 13.01 53.14 638.92 Cary L. Schillin8 Cooperative Ssholarship 8,438.68 655.07 (277.39) 655.07 8,161.29 Louis A. Shaffer Scholarship 5,96).66 501.80 122.84 503.80 6,088.50 Helen Pratt Shane Award 2,558.31 187.10 4%.88 187.10 2,604.12 iI Fred A. and Eva G. Simonsen Scholarship 109,274.28 8,532.70 (3,613.13) 8,532.70 . 105,661.15 8
Forrest C. Strou8 Memorial Scholarship 14,623.03 1,162.01 284.48 I,162.01 14,907.51 Charles Henry and Harriet L. Stroud i Scholarship 8,551.92 735.65 180.10 735.65 8,732.02
i Emory W. Tappan Memorial 9,611.67 732.45 179.31 732.45 9,790.98 Mr. and Mrs. C. Bart Tenny Scletarship 9,935.69 839.24 205.46 839.24 10,148.15 } , Alice Cutler Thorpe CraJuate Scholarship 3,257.57 100.00 250.76 (108.97) 250.76 3,248.60 Roy Underwood Music Scholarship I,714.40 118.80 (50.31) 118.80 1,664.09 4
65
ENIXhifENT R!NDS--CC* TINUFD Additions ~ Principal Gains lLosses) Principal Balance Income from from Sales of Transfers Balance
- Fund July 1. 1979 Citts Invest ernt s investments in (Dut) Deductions June 30. t 40, ENDOWMENT FUNDS--CONTINUED Terry M. Watts Memorial $ 11,023.93 $ 766.81 $ 187.73 $ 766.81 $ 11,211.66 Wayne County Medical Milk Commission Award 1,231.91 102.52 (43.41) 102.52 1,188.50 Dorothy K. Vidick Memorial Scholarship 41,420.69 2.720.30 (1,081.61) 2,720.30 40,339.08 Philip W, 4! helm Scholarship 24,377.39 2,020.85 494.73 2,020.85 24,872.12 Char Ns E. Wilcon Scholarship 32,587.55 4,583.67 (1,940.94) 4,583.67 30,646.61 Jc',se P. Wolcott Scholarship 121085.93 I t061.82 259.95 I 061.82 12,345.88 MTAL ENDOWMENT FUNDS 7,785,897.12 $ 712,596,96 643,654.25 232.287.03 $ 205,299.03 743,,0W5 8,940,080.14 FUNDS FUNCTIONING AS ENDOW 5NT--RESTRICTED Academic Chair - Business 10,000.00 455.95 (10,000.00) 455.95 Academic Chair - Engineering 40,000.00 80,000.00 8,084.60 8,084.60 120,000.00 Academic Chairs - Enrichment Program 142,172.06 13,908.81 (6,118.54) 13,908.81 136,053.52 Agricultural Engineering Scholarship and Awards 4,695.56 325.57 79.70 325.57 4,775.26 Forest H. Akers %1f Course 329,509.93 '28,698.15 (891.83) 28,698.15 328,618.10 }
Alfredson Memorial 1,032.59 76.21 18.66 76.21 1,058.25 t Alumni Distinguished Scholarship 20,934.31 1,783.68 436.67 1,783.68 21,370.98 ' Mr. and Mrs. Benjamin H. Anibal Scholarship 47,806.92 1,517.07 (642.40) 1,517.07 47,164.52 4.ee J. and Grace Ashley Scholarship 24,890.00 1,612.29 (682.72) 1,612.29 24,207.28 Associates of the School of Hotel, Restaurant and Institutional Management 97,869.18 6,193.18 8,980.19 2,301.58 8,980.19 106,361.94 Leroy Augenstein Memorial Scholarship 8,207.92 220.00 725.94 177.77 725.94 8,605.69 Paul and Edith Bagwell Scholarship 12.139.31 I,017.37 249.06 1.017.37 12,388.37 Julius Barbour Memorial Scholarship 1,948.15 122.09 144.96 35.49 144.96 2,105.73 Bath Band Boosters Scholarship 1,039.85 69.33 16.97 69.33 1,056.82 E. A. Bessey Memorial 4,542.78 324.14 (137.25) 324.14 4,405.53 Sandy Brand 4-H Memorial Scholarship 4,999.60 308.38 75.50 308.38 5,075.10 Brinker Awarci - Veterinary Orthopedics 1,700.00 230.36 230.36 1,700.00 Eli Broad Fel?owship 12,906.30 862.23 211.08 862.23 13,117.38 Martin Victor Crown Scholarship 4,771.00 327.66 80.22 327.66 4,851.22 Albert H. Case Memorial Laboratory 191,771.82 39,607.84 30,562.38 (4,045.55) 39,607.84 218,288.65 66
END064 TENT F1:NDS--CONTINUED ' Additions Principal Gains (Losses) Principal Salance Income from .from Sales of Transfers Balance Fund July 1. 1979 Gifts lavestments Investments' In (Out) ' Deductions June 30, 1980 FUNDS FUNCTIONING AS ENDOWNENT--RESTRICTED--CONTINUED Albert N. Case Scholarship $ 87,448.42 $ 8,859.40 $ (3,751.47) $ 8.859.40 $ 83,696.95 Chapman Foundation 2,341.85 179.68 (76.08) 179.68 2,265.77 Dean Chester F. Clark Scholarship 20,156.54 1,409.81 (596.98) 1,409.81 19,559.56' Class of 1957 - Activities Award 883.47 75.43 18.46 ~ 75.43 901.93 College of Education Memorial $ 11.417.63 11.417.63 College of Natural S-tence 9,938.66 800.48 195.97 800.48 10,134.63 Charles Fred Cowham ..ust 14,948.02 1,146.86 (485.63) 1,146.86 14,462.39 Ella Cowles - Spanish Award $37.27 36.46 8.93 36.46 546.20 Dorothy Damm and Seitha Wahlen S(bolarship 194,120.82 14,858.61 (6,291.81) 14,854.61 187,829.01 6,413.35 Bobert R. Dreisbach Memorial 6,254.71 320.00 377.67 (161.36) 377.67 2,923.13
! Karl Dressel Park ManaSement Award 2,879.84 176.27 43.29 176.27 Nancy Kay Dunkel Medical Memorial 5,604.99 150.00 371.55 (160.90) 371.55 5,594.09
}i Estate of Jennie E. Eascn 11,202.29 1,526.11 ,
1,526.11 11,202.29
% Clifford E. Erickson Memorial I,998.74 135.26 33.11 135.26 2,031.85 .
Leonard Falcone Scholarship 7,762.41 210.00 573.87 141.26 573.87 8.113.67 t A. W. Farrall A8ricultural Engineerin8 1 Faculty Awards 1,590.10 2,000.00 243.99 (102.69) $ (1,000.00) 243.99 2.487.41 I Charles S. Force Memorial Agriruttural Scholarship 4,971.60 100.00 390.74 96.19 390.74 5,167.79 August F. Frey and Ernest J. Frey Research 8,361.04 240.00 656.43 160.70 656.43 8,761.74 ,
\' John carver Memorial Scholarship 4,775.03 388.90 105.77 388.90' 4,880.80 David Getz Award 5,349.11 485.00 -453.93 116.41 453.93 5,950.52.
Gene Click Memorial Scholarship 8,420.20 589.17 (249.48) 589.17- 8,I70.72 Nyndret Greenleaf Memorial 18,368.97 1,055.12 258.31 1,055.12 18,627.28 President John A. Mannah Professorships 1,254,325.31 200.00 122,202.91 (52,365.42) 122,202.91 1,202.159.89 Herrick Foundation - Hidden Lake Gardens 100,000.00 , 100,000.00 Herzog Prize 1,500.29 120.07 29.40 120.07- 1.529.69-James R. Hundley, Jr. Nemorial 3,v83.68 50.00' 299.61 (128.86) 299.61 3,904.82 Carp Julian Memorial Scholarship 2,704.12 237.45 58.13 237.45 2,762.25-Florence Kempf Scholarship 8,118.92 208.33 665.91 165.50 665.91 9,092.75 Norna Kline Nemorial 2,141.79 25.00 179.56 44.09 179.56 2,210.88 Hideya Fumata Nemorial 5,246.19 350.00 587.51 143.83 587.51 5,740.02 f 67
ENDOWNENT FUNDS--CONTINC D Additions Principal Gains (Losses) Principal Balance income from from Sales of Transfers 8alance Fund July 1, 1979 Gifts Investments Invest ment s In (Dut) Deductions June _30, 1980
- FUNDS FUNCTIONING AS ENDOWNENT--RESTRICTED--CONTINUED Dean Laureate Nemorial $ 5,813.37 $ 1,000.00 $ 497.19 127.00 Livestock Industry Scholarship
$ $ 497.19 $ 6,940.37 Foundation 16,701.17 ?n0.00 1,158.77 287.31 3, 188.48 I,158.77 Mandenberg Scholarship 68,306.11 s.00 5.620.70 (2,377.06) 5,620.70 65,930.05 Fred R. McNabb 19,876.33 1,663.19 407.17 i Hechanical Engineering 1,663.19 19,583.50 31,412.64 2,164.78 529.97 2,164.78 31,942.61 1
- Dr. Rae Phelps Mericle Memorial Scholarship 23,117.60 2,000.00 1.492.10 274.06 1,492.10 W. Cameron Meyers Scholarship 4,187.14 25.391.66
' 75.00 362.69 90.19 362.69 4,352.33 Michigan State University Alumni Association Life Membership 168,919.70 (10,178.96) 158,740.74 George B. Peters Scholarship Award in Criminal Justice 17,885.93 3,090.00 1,419.46 202.57 $ (2,169.99) I,419.46 19,008.51 Marcia E. Platt Scholarship and Douglas L. Ruble Scholarship 13,236.85 13,236.85 , Drury L. Porter 12,797.22 839.14 205.43 839.14 13,002.65 Estate of William A. Present 1,882.74 167.83 41.09 167.83 1,923.83 Research Initiation Grants 9,047.26 100.00 758.29 184.99 751.29 9,332.25 Professor Lewis Richards Music Scholarship 14,004.26 919.46 225.10 919.46 14,229.36 Estate of Henry T. Ritter 18,948.56 1,476.91 (625.39) 1,476.91
- Safko Hemorial 18.323.17 458.15 40.75 (17.26) 40.75 440.89 P. J. Schsible Nemorial for Poultry Science 4,736.38 1,225.00 383.59 94.65 383.59 6,056.03 Kenneth Kingsley Smith Memorial I,907.26 326.38 30.94 126.38 1,938.20
- Stevens Award in Medical Technology 3.011.89 170.00 200.69 (87.62) 200.69 3,094.27 Terrill D. Stevens Memorial Scholarship 5,419.46 434.43 107.41 434.43 Don O. Tatroe Family Nemorial 1,926.13 5.526.87 188.86 (79.97) 188.86 1,846.16 Hermann N. Thornton Award 2,130.58 1,000.00 168.82 (99.27) 168.32 3,031.31 Estate of Leone E. Wheaton Tudor 88,423.34 5,130.71 (2,172.58) 5,130.71 86,250.76 4
Dr. L. M. Turk Nemorial 1,362.97 102.40 25.07 102.40 1,388.04 Veterinary Faculty Scholarship 761.09 65.72 16.09 65.72 777.18 Estate of Henry W. Wigman 10,398.35 692.30 169.48 692.30 10,567.83 John Wilks Scholarship 14,717.45 1,682.89 5,000.00 1,682.89 19,717.45 Ernst Victor Wolff Memorial 1,343.66 90.51 22.16 90.51 1,365.82 Paul Wooley Nemorial 1,870.03 298.00 148.46 38.69 148.46 2,206.72 Effie Jane Wright Scholarship 6,342.58 422.17 103.35 422.17 6,445.93 Walter R. Tates Memorial Scholarship 136,177.44 136,177.44 Ralph H. Young 523,843.85 6.172.18 39,009.71 (100,000.00) 410,608.64 TOTAL FUNDS FUNCTIONING _{l9.407.39) 39,009.71 AS ENDOWNENT--RESTRICTED 3,725,607.41 381,752.15 335,081.39 (68,841.77) (112,215.54) 493,822.13 3.767,561.51 0 68i
END064ENT FUNDS--CONTINUED Additions Principal Gains (Losses) Principal Balance income from from Sales of Transfers Salance M F July 1, 1979 Cifts Investments Investments In (Out) Deductions June 30, 1980 IUNDS FUNCTIONING AS ENDOWMENT--DESIGNATED Albert Nermon Case $ 939,022.12 $ 140,198.91 $ 7,617.19 $ (946,639.31) $ 140,198.91 Fred C. Jenison Trust 1,133,776.00 140,872.92 (54,923.18) 140,872.92 $ 1,078,852.82 Sarah Van Noosen Jones 334,810.00 17,897.18 11.542.00 (346,352.00) 17,897.18 Presidents Club - Unrestricted 130,348.27 $ 500.00 13.564.52 1,303.59 (18,500.00) 13,564.52 183,651.86 Sherrod and Abigail Skinner 59,308.41 11,949.51 (4,819.50) (54,488.91) 11,949.51 Estate of Mirian C. Strong 29,232.12 2,293.16 561.39 , 2,293.16 29,793.51 William F. Uhl 28,354.96 1,636.03 400.52 1,636.03 28,755.48 Justin T. Wight 14,323.51 1,938.99 (782.03) (13.541.48) I,938.99 TOTAL FUNDS FUNCTIONING AS ENDOWlENT--DESIGNATED 2,669,175.39 500.00 330,351.22 (39,100.02) (1,379,521.70) 330,351.22 1,251,053.67 TE8M ENDOWENTS
- Mirian Morgan Freeman 21,576.62 1,928.03 472.01 1,928.03 22,048.63
$ TOTAL TERM ENDOWNENTS 3 25 8 25 3 ANNUITY AND LIFE INCOME FUNDS t Marie Dye 195,299.03~ 600.00 (195,299.03) 600.00 1 !' Endowment for Financial Aid to Nonors
. College Students 45,857.68 3,958.76 '3.958.76 45,857.68 Ivan and Jean Ferris Wright 104,888.96 6,594.94 3,680.40 6,594.94 108,569.36 #
Ivan and Jean Ferris Wright
, Beneficiary 43,696.02 3,626.99 175.00 3,626.99 41 871.02 TOTAL ANNUITY AND LIFE INCofE FUNDS 389,741.69 14,780.69 3,855.40 (195,299.03) 14,780.H 195,,Ii43 LAND CRANT ENDOWMENT l.059,378.58 1,059.378.58 TOTALS 015,696,734.46 $l,368,272.41 $1,351,90A.80 $135,181.52 $(1,481,737.24) $1,580,649.54 $15,559,710.41 I
Transfers Designated Fund $ (8,500.00) Auxiliary Activities Fund (95,000.00) Expendable Restricted Fund (7,215.54)
, Plant Fund ,H 37I,021.70) i TOTAL $(1,481,737.24)
==an===m---- a 69
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n
, e etSEMES fW stFT SanVICE, Italoftenert, tuttleget efft,ArFJert Ane leiliquart 1
ef tlDIGAs STCTE Intytes11T f*ee ceded June te,1980 Add? t f.ees,-*(Sedert eens.) Gene eet Israme Transfee Inteveet '. and emed Tr'ast - Salmose Feem f ree (Te) Stedeot eed tareed on Peterspel ? - letweest -' Treestees ,
' eslance
*T 8'*" *f? I.** 9 3*II.la l._19.. __8 t 'F** 4 **8 E'enwe othee,,,7wejewetmets toyerate _ Pegenote te, (cot t othey . ,,Junt,3sa, tme -
PBAST_ Fled . 8"Its
. Laod Pecchase seseeve 5._ M,0u.s7 $ (tu,ese.een $ (71,2es.ee) $ r12,627,81' a Trev meesteepet Ederettoe Cenace d
' Sebt Service ereceve 14,298 33 (4 % ,400.80) ( 96,$ee .e6) ' 128,s75.31 0
$1,906.48 9 le.See.ee e $ 192,IIS.es C 9e61 Weare's letrasseet tentes erfundsae $1.9%,eee
' Tees tese dated feteeney 8, 9973 , 92 See et S t M,2M .46 106 F,
TOTAL Inits . 765*6&f.2d IM,2M.M 177,e14. B0)14JM 18) ~h7,852.N)
, 3 73 .M0E ,7ef~, lim ) ^ 46[FM.
66 t%.E M< emme 192 1 - Stadeet Arttesttee Center and Stedtee sevenue enees,19% Seetes-54,Me,cos toome deted Ameest l$ 19%t tett service eeseew 2es, ele 98.. 2es eae se s Bedemptsee reeerse B47,Su.s) - 2ee,see ee $ 14,670.26 (267,000.99) (2e.3e7.SS) los,82e.19 7-3268 Mee's letrasmest Center 86eties Fund seede-= le,50s,Get esame dated Seceshee si,195h gebt serv 6ee seeerw 298.000.00 . 280.eSt.se e tedeegt6ee reserw 3,791.98 21),eee.ee . 6,500.00 - (155,0e0.0s) ' (67,709.99) 4,eet et e 6,400 el F M9 Student f astly Aparteret neccese esade-*
$3,750,000 tesse dated July 9,1957:
Meseteneese and egesperet replacearet 4 eenerw 3es,see.se les.ses se F sett eerw6ee reserw 570,000.88 17e,888 as f sedeept6e6 reseeve 215,359.23 '$ 202,M6.97 e (95,3tF.12) M,s2s.20 (95,800.00) (48,6M. 91) - ' 210,0 2 95 7 4972 Aparteret sevenue emods, Seelee t961-*
$2.180,0ee 6 seer deted ney 5, l961: j
- Sebt servlee reserve I2%,00s et - - - - - . $21,80s.0e S teWtee seeeew 46,522.46 8e6,8 76.73 _27,716.27 9,133.29 ,
.(92,see 90) .. . (48,99 3.es) 3,229.99 e S2,075.75 7 ,
4601 - eneestory essense goods, Screed Seetes of
. t961--$4,ees,see iseur dated Ampost 4, #' .et Naseteneere eed egetperet replaceeres ,
reserse IFe,eee.ee SS,see.es .. - e25,ese et F { sett serette reserve ~ 4e0,980.99 4es,ess.es F , medeepetaa reserw > - 50%,596.76 426,2te.37 (213 eleM) , Ice,IM.71 (90.8e0.e0) (193,795.sel ' ; (%,ses.se) .
, $71 M4. se f .. -
.}
5822 : 9961 enestes med eefeedsee Greense seede--
$7,eSe,00s assee deted Jety 5,1963;
- Sett seessee eteeeve les.See to 188.888 88 8
. Sedeept see reseese - 166,91).26 329,1e).63 , les,616.17 22,679.91 (MG,000.00) - (90,078 00) . 17 F,722. 9 9 F I
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NOTES To Mr. SERVES FOR DEBT SEkVICE, MAINTENANCE, ' EQUIPMENT REPLACEMENT AND INSURANCE ~ MICHICAN STATE UNIVERSITY Year ended June 30, 1980 Note A--Transfer from (to) General Fund. Note B--Transfer from Unexpended Plant Funds. Note Ca-Gifts and other sources. Note D--Transfer from Expendable Restricted Fund. Note E--Transfer from Endoument Fund. Late F--Funded from operations. I k Note G--Funded from loan proceeds. j '. { Note H--Represents bond redemption discount. lt i ' Ncte I--Bond call expense. l I i l \ Note J--Expenditures capitalized. , I f i Note K--Expenditures not capitalized. I' t l Note L--Transfer from Auxiliary Activities Fund. I Note M--Appropriation from the State of Michigan. 5 ; i 5 73
Ct#1PARATIVE StRWlART OF PHYSICAL PROPERTIES
'NICHIGAN STATE CIVERSITY Year enled June 30, 1980 Balance Balance July _ l . 19 79 Additions Disposals June 30u l980 Land
$ 12,069,837 $ 40,000 $ 6,476 $ 12,103,361 Buildin8s, site improvements and origini.' equipment 354,661.372 5,858,525 Equipment and other: 360,519,897 Machinery and tools 13,996,351 2,289.480 838,643 15.447,188-Furniture and fixtures 26,187,4 % 2,405,784 Library books 761,043 27,832.237 21,403,587 1,636,827 23.040,414
~ Scientific equipment and apparatus 58,715,450 8,009,872 Other 841,666 65,883,656 4 436 560 859 359 6 5 289 358 1 3 ,,739,,443 7E251!321 E447,561,913
-T37,,492,,E3 Less original equipment included in buildings 18 706 720 114 005 181820 725 Construction in progress Total equipment and other ~lk63fh24 73~D87hD W ,913 ll8.III,,I28
_ T,010,084 17,209.457 24,219,53 TOTALS $479,774,017 $38,195,299 $2.454,389 $515.514,927
=_____:====
i t O 4 74
h UNEXPENDED APPROPRIATIONS FOR PLANT ADDITIONS MICHIGAN STATE UNIVERSITY June 30, 1980 t < Performing Arts Center $3,703,844 Power Plant '65 Addition 865,889 Central Temperature Control 545,155 Clarksville Horticulture Experiment Station 527,497 C - iaication Arts Instructional Equipment 500,000 Enrichment Program 393,214 v Research Computer Equipment 321,716 Clinical Center Equipment 271,726 Land improvements 213,662 Toxic Waste Starage Facility 198,300- , Library Heating, Ventilation and Air Conditioning 154,000 . Cheelstry Building Temperature control 142,000-l Reef Petroleue Lease 134,742 Veterinary Clinic Equipment 133,556 S hlic Safety Building Addition 113,399 li.. Student k rvices Air Conditioning 85,631 Pesticide Researd. Canter Ventilation 63,763
. f'
- Human Ecology Stairwell 62,771 i: Fire Station Addition 61,658 International Center Addition 47,776 1 ;-
Akers Golf Course - Nine Hole Addition 34,828 ! Turfarass Field Laboratory 23,774 'l,
, Unioc- Accessibility and D re Safety 16,801 I! Campus Emergency C-inication System 13,005 i i Parking Lot Additions 11,390- ; Russ Forest Field Laboratory 4,704* +
Museue Fire Protection 9.163* Plant and Soil Science Building 10,970* I
- '( -
Regional Chilled Water Plant Espansion Parking Ramp - East Campus 15,000* 21,840* 36,632*
'I Intramural Sports B611 ding
- I Plant Biology Creenhouse 165,659*-
328,875* Troy Management Center I' I TOTAL _$8,047,054 l
==========
4 I
- Indicates Overdraft.
,i L
i . J 75
NOTES AND C:HfDS PAYABLE MICHICAN STATE CIVERSITY I Year ended June 30, 1980 Trust Date of Number Description _ Issue Maturity Date PLANT Fl!ND NOTES PAYABLE . Land Purchase: Pramissory Notes--Note B Nov. 23, 1977 Annually from Nov. 23, 1978 to Nov. 23, 1986 To Manufacturers National Bank of Detroit--Detroit, Michigan: . Troy Management Center Revolving Credit Promissory Note--Note B Ma r. 31, 1977 Mar. 31, 1980 , 9043 To Natienal Bank of Detroit--Detroit, Michigan: Women's Intramural Center Refunding Tern Loan--Note B Feb. I, 1973 Semiannua*1y from Aug. 1, 1973 to Aug. I, 1980 11723' To National Bank of Detroit--Detroit, Michigan: Performing Arts Center Construction Loan--Note C Jan. 30, 1980 Nov. 15, 1982 BONDS PAYABLE 3023 Student Activities Center and Stadium Revenue Bonds, 1956 Series--Note B: Term--Series C Aug. 15, 1956 Aug. 15, 1983 3659 Student Family Apartment Revenue Bonds--Note D July 1, 1957 Serially from July 1, 1960 i to July 1, 1997 j 3268 Nen's Intramural Center Sinking Fund Bonds--Note B: Term--Series C Dec. 15, 1957 Dec. 15, 1887 t 4 4372 Apartment Revenue Bonds, Series 1961--Note E: Term--Series C May 1, 1961 May 1, 1992 I 4603 Dormitory Revenue Bonds, Second Series of 1961--Note F: Maturities:
, 1978-1981 Aug. 1, 1961 Serially from Aug. 1, 1978 to Aug. I,1981
, 1982-2001 Aug. 1, *S41 Serially from Aug. I, 1982 to Aug. 1, 2001 5022 1963 Housing and Refunding Revenue Bonda--Note C: Serial Bonds: Maturities: 1979-1983 July 1, 1963 Serially from July 1, 1979 to July 1, 1983 Tere Bonds July 1, 1963 Juff 1, 1984 76
, m \
laterest Principal Annual Dates Dutstanding outstanding Rate Payable July 1, 1979 Borrowed Retired June 30, 1980 i 4.50% Nov. 23 $ 1,584,000 ..$ 198,000 $ 1,386,000
,3 4.00 June I, Sept. I, Dec. I and Mar. 1 494,400 494;400 l[
l l 4.00 Feb. I and Aug. I 223,634 177,J15 45,819
- f' ij' 8.00 May 15 and Nov. 15 (14,00g,000 870,215 14,000,00g 15,431,819
.; i TOTAL NOTES PAYABLE 2,302,034 14,000,000 l' }a 3.75 Feb. 15 and Aug. 15. 823,000 267,000 556,000 I i 1 2.875 Jan. I and July I 1,461,000 95,000 1,366,000 a . t 4 4.60 June 15 and Dec. 15 1,511,000 151,000 1,360,000 !{ \ i 4.10 May I and Nov. I 1,193,000 92,000 1,101,000 j Ii i~ 3.625 Feb. I and Aug. I 270,000 90,000~ 180,000 ll 3.50 Feb. I and Aug. I __2 ,730,000 3,000,000 90,000 2,730,000
.2,910,000'
- I .
! 3.50 Jan. 'I and July I 1,330,000 275,000 1,055,000'
!! 3.55 Jan. I and July I __l,615,000 75,000 1,540,000
' 2.945,000 350,000 2,595,000 d
4 I 4
- 7~7
, _.1.-
s C37ES AND BOVDS PAYABli--CONTINUED Trust Date of Number Description issue Maturity Date Pl. ANT FUND--CONTINUED BONDS PAYABI;.--CONTINUED 5668 1965 Housing and F runding Revenue Ronds, Series I--Note H: . Serial Bonds Apr. ~I, 1965' Serially from July 1, 1965 to July 1,1983 Term Bonds Apr. 1, 1965 July 1, 1985 5681 1965 Housing and Refunding Revenue Bonds, Series ll--No*e 1:
- Tere--Series A Apr. 15, 1965 Oct. 15, 1986 Term--Series B Apr. 85, 1965 Oct. 15, 1994' Term--Series C Apr. 1:i, 1965 Oct. 15, 200.1 8177 1971 Housing Revenue Bonds of 1971--No*- J: Mar. 15, 1971 1980-1982 Serially from Nar. 15, 1980 to Mar.15,1982 1983 Mar. 15 1983 1984 j
. Mar. 15, 1984 ,
1985 Ma r. 15, 1985 1986 Mar. 15, 1986 1987 Mar. 15, 1987
-1988 Mar. 15 1988 1989 Mar. 15, 1989 -
8674 1972 Housing Revenue and R.* funding Bonds of 1972--Note K: Mar. IS, 1971 1980 Mar. 15, 1980 1981-1984 Serially from Mar. 15, 1981 to Mar. 15, 1984 1985 Ma r. 15, 1985 1986 Mar. 15, 1986 1987 Mar. 15, 1987. 1988
- Ma r. 15, 1988' 1989 M e. 15, 1989 1990 Ma r. 15, 1990 1991-1992 Serially on Mar. 15, 1991 and Mar. 15, 1992 78
)
1 1 1 4 __ Interest Principal . Annual Dates outstanding Outstanding + Rate Payable July 1. 1979 BorroweJ ketired June 30,_1980 t, 3.351 Jan. I and July 1 $ 2,835,000 $ 555,000 $ 2,280,000
- 3.55 Jan. I and July I __5,865,000 160,000~ 5,795,009 l
8,700,000 715,000 7,935,000
'l -
3.35 Apr. 15 and Oct. 15 .205,000 205,000 -
, ; 3.55 Apr. 15 and Oct. 15 3,000,000 440,000 2,560,000 fl 3.65 Apr. 15 and Oct. 15 __5,009,000 5,000,000
!!' 8,205,000 645,000 7,560,000
. I, -
it 5.50 Mar. 15 and Sept. 15 1,135,000 . 355,000 780,000 j {. 5.60 Mar. 15 and Sept. 15 425,000 425,000 4 5.80 Mar. 15 and Sept. 15 445,000 445,000 6.00 Mar. 15 and Sept. 15 475,000 475,000
- !l ' '., -
- 6.10 Mar. 15 and Sept. 15 500,000 500,000 i .i 6.20 Mar. 15 and Sept. 15 530,000 530,000 g 6.25 Mar. 15 and Sept. 15 560,000 560,000
- i* 5.00 Mar. 15 and Sept. 15 485,000 485,000 4,555.000 355,000 4,200,000
\
~l i i 6.00 Mar. la and Sept. 15 385,000 385,000 Il: 5.25 Nar. 15 and Sept. 15 1,755,000 1,755,000-
-! 5.40 Mar. 15 and Sept. 15 505,000 505,000
- I 5.50 Mar. 15 and Sept. 15 530,000 530,000 5.60 Mar. 15 and Sept. 15 560,000 '
560,000 l 5.70 Mar. 15 and Sept. 15. 595,000: 595,000
. : 5.80 Mar. 15 and Sept. 15 620,000 10,000 610,000 I> 5.85 Mar. 15 and Sept. 15 660,000 10,000 650,000 5.90 Mar. 15 and Sept. 15 _2,195,000 135 000 2,060,000 . 7,805,000 545,,000 7,265,000 P
i o 1 I
-79
OTES AND BONDS PAYABLE-+CONTINtED Trust Date of >. Number Description lasue Naturity Date PLANT FUND--CONTIN 1ED BONDS PAYABLE--CONTINUED 8865 Ice Arena Facility Bonds--Note B: Nov. I, 1972 1977-1980 Serially from Nov. I, 1974 to Nov. I, 1980 1981 - Nov. 1, 1981 1982 Nov. ~1, 1982 1983 Nov. 1, 1983 1984 Nov. I, 1984 1985 Nov. 1, 1985
- 1986-1987 ' Serially from Nov. 1, 1986 to Now, I, 1987 1988-1989 Serially from Nov. 1,1988 to Nov. 1, 1989 1990 Nov. 1, 1990 1991-1992 Serially from Nov. I, 1991 to Nov. I '1992 1993 Nov. I, 1993 l t
See notes to Notes and Bonds Payable and Naturities of Notes and i Bonds Payable Schedules.
?
r 1
-. j
( l i 80
4 Interest Principal . Annual Dates Outstanding
. Rate Payable Outstanding July B,-1979 Borrowed Retired June 30, 1980 J
4 i 1 6.50% Nay I and Nov. I $ 250,000 t 120,000 130,000: 6.30 May I and Nov. ~$. 1 -140,000 140,000 4 j 4.60 May I and Nov. I 145,000 145,000 ' l-' ~
~4.70 May 1 and Nov. I 155,000 155,000 I
' 4.80 May I and Nov. I 160,000 4.90 .160,000
, May I and Nov. 1 370,000 170,000 5.00 May I and Nov. I 375,000
' 375,000
~
5.10 May 1 and Nov. I 420,000 420,000 ,- 5.20 May I and Now, t 225,000 4
! 225,000
,, 5.25 May I and Nov. I 495,000 ?!g 4.50 495,000
) May I and Nov. I 545,000 545 000 1a080,000 - 120,000 __2,9fo,g000-1 , TOTAL BONDS PATABLE ~T3.278.000 3.420.000 _39.858.000 i f' TOTALS - $45,580,034- .$14,000,000 $4,290,215 $55,289.819
.s========== =========== ========== ==========
- i -
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- . 81 -
CDTES AND BCDS PAYABLE--CCTINUF.D Trust Date of Number Description issue Maturity Date STUDENT LOAN FUND NOTES PAYABLE 9196 7o Detroit Bent & Trust Company and National Bank of setroit--Detroit, Michigan Guaranteed Student Loan Tern Loan--Note L June 28, 1974 June 30, 1984 9441 To National Bank of Detroit--Detroit, Michigan June 30, 1975 June 30, 1985 Cuaranteed Student loan Term Loan--Note L Dec. 31, 1974 Dec. 31, 1984 9988 To Michigan National Bank of Lansing--Lansing, Michinin June 30, 1976 June 30, 1986-Cuaranteed Student Loan Term Loan--Note L Dec. 31, 1975 Dec. 31, 1985 10493 To Michigan National Bank of Lansing--Lansing, Michigan June 30, 1977 June 30, 1987 Cuaranteed Student Loan Term Loan--Note L Dec. 31, 1976 Dec. 31, 1986
-1 10710 To Michigan National Bank of Lansing--Lansing, Michigan June 30, 1987 '
Cuarante ed Student Loan Tern Loan--Note L July 1, 1977 11094 To Michigan Natienal Bank of Iansing--Lansing, Michigan Cuaranteed Student Loan Tern Loan--Note L July 6, 1978 June 30, 1988 i. i; 11532 To Michigan National Bank of Lansing--Lansing, Michigan July 10, 1979 June 30, 1989 ; Guaranteed Student Loan Term Loan--Note L 11760 To Michigan National Bank of Lansing--Lansing, Michigan cuaranteed Student Loan Term Loan--Note L May 8, 1980 June 30, 1990 f See notes to Notes and Bunds Payable and Maturities of Notes and Bonds Payable Schedules. 82 .
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, NOTES TO OTES AND BONDS PAYABLE AND MAfURITIES OF QTES AND BONDS PAYABLE SCHEDULES MICHIGAN STATE UNIVERSITY
. Year ended June 30, 1980 Note A--Maturities are summarized based on fixed serial requirements or on planned payment requirements for notes and bonds not due-serially. Such planned payment is based on minimum earnings or fee requirements as established by the trustee. Note B--Secured by pledge of and lien on fees. Note C--Secured by pledge of the proceeds of the sale of a long-term bond issue secured by a pledge of University fees, the sale of certain property, and the sale of assets
- . of certain endowment funds; certain endowment fund income, pledges receivable through fund raising efforts,'the pledge of borrowed funds and interest earned on the borrowed funds prio- to use for authorized purposes, and the pledge of insurance proceeds.
Note D--Secured by pledge of and lien on net revenues of 400. Spartan Village !!! apartments. Note E--Secured by pledge of and lien on net revenues of 800 Spartan Village 11 and 116 Cherry Lane apartments. Note F--Secured by pledge of and lien on net revenues of Wilson residence hall. Note G--Secured by pledge of and tien on net revenues of Snyder-phillips Residence Hall and 348 University Village apartments. - Note H--Secured by pledge of and lien on net revenues of Wcaders, McDonel and Owen residence halls. Note I--Secured by pledge of and lien on net revenues of Akers and Fee residence halls. 4 Note J--Secured by pledge of and lien on net revenues of Brody Group, 108 University # Village apartments and 228 Spartan Village IV apartments. 1 Note K--Secured by pledge of and lien on net revenues of Holmes, Hubbard, Mason-Abbott, West Circle (37%) and Yakeley-Gilchrist j residence halls. l Note L--Secured by tien on all interest and principal payments received on student- notes outstanding under the guaranteed student ' loan program. - 86,
INVESTMENTS MICHIGAN STATE UNIVERSIfY June 30, 1980 Total Book Short-Tern Marketable Miscellaneous Value of Fund Investments Securities--A Assets Investments GENERAL $17.44u,000 4
$ 17,440,000 DESIGNATED 5,100,000 5,100,000
< t' AUXILI ARY ACTIVITIES 4,930,000 4,930,000 i i EXPENDABLE RESTRICTED 4,860,000 $ 986,985 5,846,985 l,l ,
- l STUDENT LOAN 2,615,000 337,706 2.952,706 il' ENDOWMENT 140,000 13,499,759 $ 3,918,042 . 15.557,801 PLANT Unexpended Plant Funds 42,000 18,373,057 364,452 18,779,509 Maintenance, Equipment Replacement Insurance Reserves 6,665,000 2,372,872 '
9,037,872
,.s Debt Service Reserves 2,183,000 5,909,384 8,092,384 1
hl RETIREMENT AND INSURANCE 270,000 18,188,649 8,350,899 26,809,%48
- e. AGENCT 10,004,565 3.052 .
10,007,f;t 7
$54,249,565 $59,671,464 $10,633,393 $124,554,422.
\\
Note A--Includes marketable securities held by trustee. r II i; I, ~ f 9 4 i 8L7 : 4
INVEITMENTS MICHICAN STATE lOIVERSITY June 30, 1980 Principal Indicated Date of Amount Market Value Interest Maturity or or Number of Securities Type of Investment Rate _ Repurchase of Shares Book Value June 30, 1980 SHORT-TERM INVESTMENTS Ann Arbor frust Company: Certificate of Deposit 9.00 1 July 15-1980 $1,000,000 $ 1,000,000 $ 1,000,000 Certificate of Deposit 9.00 Aug. 29-1980 1,000,000 1,000,000 1,000,000. Bank of Ohio: Bankers Acceptance 8.35 Sept. 4-1980 1,000,000 975,878 975,878 Bankers Acceptance 8.25 Sept.24-1980 1,000,000 973,187 973,187 Central National Bank, St. Johns Certificate of Deposit 13.55 July 29-1980 500,000 500,000 500,000 Federal Farm Credit Banks: Participation Certificate 13.15 July 1-1980 500,000 500,000 500,000 Participation Certificate 13.15 July 1-1980 500,000 500,000 500,000 Participation Certificate 11.30 July 1-1980 500,000 500,000 500,000 Participation Certificate 11.30 July 1-1980 500,000 500,000 500,000 P :ticipation Certificate 13.15 Aug. 4-1980 500,000 500,000 500,000 Participation Certificate 17.25 Oct. 1-1980 500,000 500,000 500,000 Participation Certificate 17.25 Oct. 1-1980 500,000 500,000 500,000 Participation Certificate 13.05 Nov. 3-1980 500,000 500,000 500,000 i ! Participation Certificate 8.45 Dec. 1-1980 500,000 500,000 500,000 Participation certificate 8.45 Dec. 1-1980 500,000 500,000 500,000 4 Participation certificate 17.00 Jan. 5-1981 500,000 500,000 500,000 Participation certificate 8.55 Mar. 2-1981 1,000,000 1,000,000 1,000,000 Participation Certificate 10.90 Apr. 20-1983 2,000,000 2,000,000 2,000,000 d Participation Certificate 9.45 Apr. 23-1984 1,000,000 -1,000,000 1,000,000 Federal Home Loan Banks: , 1 Participatica certificate . 75 Aug 25-1980 300,000 299,719 299,719 Participation Certificate 10.00 Feb. 25-1981 1,000,000 1,000,000 1,000,000 Participation certificate 13.25 Mar. 25-1981 500,000 500,000 500,000 , Participation Certificate 13.25 Mar. 25-1981 500,000 500,000 500,000 Participation Certificate 9.65 May 26-1981 200,000 200,000 200,000
! Participation Certificate 15.80 July 27-1981 500,000 500,000 500,000
- Participation Certificate 12.85 Oct. 26-1981 1,000,000 992,500 992,500
! Participation Certificate 12.85 Oct. 26-1981 1,000,000 992,500 992,500 Participation certificate 11.25 Aug. 25-1982 2,000,000 2,000,000 2,000,000 i Federal National Mortgage Association: j Participation certificate 9.25 Apr. 11-1983 1,000,000 1,000,000 1,000,000 Participation Certificate 9.25 Apr. 11-1983 1,000,000 1,000,000 1,000,000 First Independence National Bank of Detroit j Certificate of Deposit 7.50 July 21-1980 200,000 200,000 200,000 First National Bank, Birmingham, Alabama , Bankers Acceptance 8.60 Aug. 21-1980 1,500,000 1,467,750 1,467,750 i 4 4 88 1
i 4 + INVESTMENTS--CONTINUED l Principal. Indicated Date of Amount ' Market Value i of Securities Interest Lturity or or Number Rate Repurchase of Shares Book Value - June 30, 1980 i Type of Investment SHORT-TERM INVESTMENTS--CONTINUED , First Ltional Bank, Dallas Bankers Acceptance 8.10 1 Nov. 19-1980 $ 960,000 $ 922,200 $ 922,200 First National Bank of Michigan Certificate of Deposit 8.25' Aug. 26-1980 500,000 500,000 '500,000 Ford Motor Credit Company Commercial Paper 8.84 July 2-1980 1,000,000 1,000,000 1,000,000 4 Industrial Valley Bank & Trust, Philadelphia 2,500,469 ' Certificate of Deposit 14.57 July 11-1980 2,500,000 2,500,469 Manufacturers National Bank, Detroit
' 9.30 July 23-1980 1,000,000 917,342 987,342 i Bankers Acceptance 1 Merrill Lynch, Pierce, Fenner & Smith, Inc. 957,344 957,344 4 Commercial Paper 16.875 July 15-1980 1,000,000 i Michigan National Bank: 2,000,000 13.25 July 11-1980 2,000,000 2,000,000 it Certificate of Deposit 15.00 Apr. 10-1985 1,500,000 1,500,000 1,500,000 l' Certificate of Deposit Mony Mortgage Investors 1
! Commercial Paper 13.90 July 11-1980 2,500,000 2,361,965' 2,361,965 ! National Bank of Oregon Bankers Acceptance 9.00 July 25-1980 1,000,000 984,250 984,250 Old Kent Bank & Trust Company, Grand Rapids 14.50 Au8 29-1980 1,000,000 1,000,000 '1,000,000 1
; Eurodollars ll Philadelphia L tional Bank as Trustee 6,300,778' ' Common Fund for Short Tern Investments 14.91 6,300,778 s
i
\ Shawmut Bank of Boston N.A. 3,922,733 Bankers Acceptance 9.15 Aug. 7-1980 4,000,000 3,922,733-j i United States Tre m cy Notes:
Participation fertificate 8.25 . July 9-1980 800,000 ..'800,000 800,000 Participation certificate 13.875 Feb. 28-1982 2,000,000 1,982,500 1,982,500 }l Wachovia Bank & Trust Company N.A. i, 1; Winston-Salen
. Bankers Acceptance 8.10 .Nov. 3-1980 2,000,000 1,928,450 3 928,450 l
. TOTAL SNORT-TERM INVEST mmTS $54,249,565 $54,249,565
{ (; - ( MARKETABLE SECURITIES
;, TREASURY BILLS 150,000 143,990 $ -150,000 ; United States Treasury Bills July 10-1980 $ $.
1: United States Treasury Bills July 22-1980 230,000. 213,759 ' 213,759 . United States Treasury Bills Aug. 7-1980- 75,000' 74,156 75,000 I :432,424 460,000 United States Treasury Bills Aug. 14-1980 460,000
' United States Treasury Bills Sept. 4-1980 70,000 67,052 70,000 l: United States Treasury Bills Dec.~ 4-1980 900,000 814 530 900,000 i*
TOTAL TREA81RY BILLS ' t,74d9fT I,868,759 i, i 89 i i
INVESTMENTS--CC2flNUED Principal Indicated Date of Amount Market Value
- Interest Maturity or or Number of Securities yT e of Ir. vestment Rate Repurchase of Shares Book Value June 30, 1980 MARKETABLE SECURITIES--CONTINUED NOTES AND BONDS American Telephone & Telegraph Company 8.75 % May 15-2000 12,200 12,202 10,400 Ann Arbor Trust Company certificate of Deposit 15.50 Nov. 21-1980 210,000 210,000 210,000 Ann Arbor Trust company Savings Account 5.08 7,000 7,000 7,000 Arizona Public Service Company 12.125 Oct. 15-2009 350,000 347,907 Associates Corporation of North America 353,500 8.20 July 25-1980 13,000 13,000 13,000 C. 1. T. Financial Corporation 8.75 Mar. 15-2008 50,000 48,459 40,125 Connercial Credit Corporation 8.30 July 17-1980 500,000 500,000 Dayton Power & Light Company 500,000 5.625 May 1-1997 55,000 54,175 31,559 Detroit Bank & Trust Corporate Bond
' Common Trust Fund 9.58 110,814 498,397 453,284-Du Pont (E.1.) de Nemours & Company 8.45 Nov. 15-2004 600,000 578,575 496,920 i Federal Farm Credit Banks 13.15 Aug. 4-1980 1,200,000 1,200,000 1,204,125 Federal Farm Credit Banks 12.80 Oct. 1-1980 700,000 695,688 l i Federal Farm Credit Banks 706,344 13.05 Nov. 3-1980 500,000 500,000 506,250 1 Federal Farm Credit Banks 9.50 Jan. 23-1984 20,000 18,800 Federal Home Loan Banks 19,825 '. j - 12.25 Sept.22-1980 1,300,000 1,196,894 1,300,000 - Federal Home Loan Banks 9.55 May 26-1981 250,000 248,828 Federal Home Loan Banks 252,200 9.65 May 26-1981 250,000 249,062 252,350 Federal Home Loan Banks 12.30 Aug. 25-1981 1,500,000 1,506,563 1,556,250 Federal Home Loan Banks 7.95 Feb. 25-1982 700,000 651,000 Federal Home Loan Banks 686,000 I 7.45 May 25-1982 400,000 367,000 - 388,000 .j 4 Federal Home Loan Banks 11.25 Aug. 25-1982 70,000 69,475 Federal National Mortgage Association- 72,012 i, 13.125 July 23-1980 1,000,000 941,033 1,000,000
- Federal National Mortgage Association 7.35 Ma r. 10-1981 600,000 761,500 793,750 Federal National Mortgage Association 10.00 Apr. 10-1981 250,000 350,383 353,500
. Federal National Mortgage Association 7.95 June 10-1981 700,000 665,975 694,750 Federal National Mortgage Association 8.85 July'10-1981 800,000 767,000 799,500 Federal National Mortgage Association 7.15 Mar. lo-1982 600,000 549,187 579,750 $ Federal National Mortgage Association 7.10 June 10-1982 400,000 364,500 384,000 , Federal National Mortgage Association 5.10 Apr. 6-1987 90,000 79,094 68,229 , Federal National Mortgage Association 6.05 Feb. 1-1988 85,000 83,723 66,300 i l i j ; 90
_ _ m i INVESTMENTS--CONTINUED Principal ludicated Date of Amount Market Value. 4 Interest Maturity or or Number of Securities Type of Investment Rate Repurchase of Shares Book Value June 30, 1980 MARKETABLE SECURITIES--CONTINUED NOTES AND BONDS--CONTINUED First International Bancshares Inc. 13.00 % Aug. 1-1987 $ 450,000 $ 450,000 $ 409,500 Ford Motor Credit Company 8.06 217,000 217,000 217,000 Ford Motor Credit Company 8.54 Sept.12-1980 3,000 3,000 3,000 General Electric Credit Company 7.93 64,000 64,000 6t.000 General Motors Acceptance Corporation 8.00 110,000 110,003 110,000 4 General Motors Acceptance Corporation 10.25 June 8-1981 250,000 050,765 250,500 ij General Motors Acceptance Corporation 4.625 Sept. 1-1982 13,000 12,805 11,927
- , General Motors Acceptance Corporation 7.125 Sept. 1-1992 300,000 278,220 223,140 l
Georgia-Pacific Corporation 5.25 Apr. 1-1996 75,000 70,425 68,625 j, Government National Mortgage Association 7.50 Apr. 15-2007 79,138 68,034 64,299
- i Government National Mortgage Association 7.50 July 15-2007 462,579 397,673' 375,845 Government National Mortgage Association 9.00 Nov.-15-2008 480,245 443,101 424,440 Government National Mortgage Association 9.00 Dec. 15-2008 242,976 229,726 214,742 Government National Mortgage Association 9.00 Jan. 15-2009 93,315 . 89,620 86,891 Government National Mortgage Association 9.00 Feb. 15-2009 477,019 434,833 421,589' i j Government National Mortgage Association 9.00 Apr. 15-2009 244,404 225,501 216,005 ii ladian Bell Telephone Inc. 5.50 Apr. 1-2007 55,000 53,694 30,047
- j Inland Steel Company 11.25 June 1-1990 550,000 547,250 547,250
-l i Mountain States Telephone & Telegraph Company 7.75 June 1-2013 638,000 570,769 491,260
\ New York Telephone Company 8.875 Mar. 15-2015 500,000 418,785 420,750 j;
4
- ? Oklahoma Cas & Electric Company 8.375 Jan. 1-2004 685,000 694,453 522,113 Jwens-Illinois Inc. 7.625 Apr. 1-2001 25,000 24,875 . 18, LO
< - Pacific Telephone & Telegraph Company 4.625 - May 1-2000 25,000 15,062 12,032 1l Pennsylvania Bell Telephone Company 3.75 Feb. 1-1989 6,000 5,894 3,921 Public Service Company of Indiana Inc. 8.875 Oct. 1-2008 50,000 49,353 40,062 St. Regis Paper Company 10.00 June 15-1990 450,000 447,187 432,000 3 Seafirst Corporation 10.50 June 1-1990 550,000 547,250. 551,375 Sears Roebuck Acceptance Corporation 8.00 July 7-1980 1,766,000 1,766,000 1,766,000 Sears Roebuck Acceptance Corporation 8.25 July 7-1980 712,000 712,000 712,000 Sheniuno Valley Industrial Development Company Dec. 27-1983 100 100 100 4 4 i l 91
d INVESTMENTS--CONTINUED I
, Principal Indirated
. Date of Amount Market Value Interest Maturity or or Number of Securities T_ype of Investment Rate Repurchase of Shares Book Value June 30, 1979
. MARKETABLE SECURITIES--CONTINUED NOTES AND BONDS--CONTINUED Short Tere Investment Common Trust Fund 8.58 % $ 50,900 $ 509,000 $ 509,000 Southern Bell Telephone & Telegraph Company 7.625 Mar. 15-2013 455,000 434,171- 329,875 Southwestern Bell Telephone & Tele 8raph Company 7.625 Oct. 1-2013 450,000 424,124 339,750 Standard Oil Company of California 7.00 Apr. 1-1996 $5,000 24,625 19,250 Standard Oil Company of Indiana 8.375 June 15-2005 250,000 224.975 215,000-
. Standard Oil Company of Indiana 7.875- Au8 1-2007 750,000 747,187 585,000 Texas Electric Service Company 7.50 Apr. 1-2001 25,000 25,390 19,218 Twelve Federal Land Banks 8.15 Apr. 20-1982 450,000 419,900 441,000 Twelve Federal J.and Banks 8.70 July 20-1982 300,000 282,750 296,813 j Union Electric Company 7.625 Apr. 1-2001 25,000 24,875 18,031 3 United States Steel Corporation 5.75 July 1-2001 425,000 334,657 235,875
; United States Treasury Bonds 6.375 Feb. 15-1982 647,000 621,888 622,336 ,
United States Treasury Bonds 3.25 June 15-1983 200,000 200,000 175,376 i United States Treasury Bonds 6.375 Au8 15-1984 1,629,000 1,596,499 1,469,126- , United States Treasury Bonds 8.625 Au8 15-1993 850,000 853,055 758,115 l 3 United States Treasury Bonds 7.875 Feb. 15-2000 250,000 253,443 202,975 l i 'Jaited States Treasury Bonds 8.25 May 15-2005 700,000 695,922 583,170 ;1 United States Treasury Bonds 8.75 Nov. 15-2008 450,000 444,839 396,000 e United States Treasury Notes 1,400,000 1,400,000 1,400,000 I i United States Treasury Notes 7.25 1,658,000 1,658,000 1,658,000 l t f
. United States Treasury Notes 9.25 Nov. 30-1980 50,000 49,740 50,125-
- United States Treasury Notes 9.75 Jan. 31-1981 100,000 97,891 100,656'
, United States Treasury Notes 7.00 Feb. 15-1981 172,000 171,901 170,333 ! United States Treasury Notes 7.375 Feb. 15-1981 733,000 715,840J 727,713 ! United States Treasury Notes '9.75 Apr. 30-1981 70,000 68,698 70,634 i United States Treasury Notes 7.50 May 15-1981 500,000 474,688 495,781 , United States Treasury Notes 9.125 June 30-1981 650,000 648,905 653,835 United States Treasury Notes 9.375 July 31-1981 850,000 849,484 855,610 United States Treasury Notes 6.75 Sept.30-1981 500,000 462,813 488,125 . United States Treasury Notes 10.125 Sept.30-1991 20,000 19,654 20,313~ l United States Treasury Notes 7.00 Nov. 15-1981' 354,000 354,066 346,035 , United States Treasury Notes 12.125 Nov. 30-1981 1,100,000 1,103,438. 1,146,406 ! United States Treasury Notes 11.375 Dec. 31-1981 500,000 496,250 517,188 . United States Treasury Notes 7.00 May 15-1982 55,000 54,418 53,178 United States Treasury Notes 8.00 May 15-1982 2,048,000 2,019,328 2,014,055 i i l t I 92
INVESTMENTS--CONTINUED Principal Indicated g Date of Amount Market Value Interest of Securities Maturity or or Number y pe of Investment T Rate Repurchase of Shares Book Value June 30. 1979 MARKETABLE SECURITIES--CONTINUED NOTES AND 80NDS--CONTINUED United States Treasury Notes 8.125 % Aug. 15-1982 $ 17,000 $ 16,394 $ 16,703 United States Treasury Notes 9.00 Au8 15-1982 180,000 171,113 179,775 , United States Treasury Notes 8.375 Sept.30-1982 7,000 6,802 6,891
- i United States Treasury Notes 7.125 Nov. 15-1982 100, G 97,250 95,625 United States Treasury Notes 7.875 Nov. 15-1982 833,000 826,042 810,047
< United States Treasury Notes 8.00 Feb. 15-1983 152,000 145,930 .147,602 United States Treasury Notes 9.25 Mar. 31-1983 422,000 412,036 421,574 United States Treasury Notes 11.625 May 15-1983 70,000 71,071 73,893 United States Treasury Notes 9.75 Sept.30-1983 246,000 233,249 248,885 United States Treasury Notes 7.00 Nov. 15-1983 177,000 175,019 165,992 1.
- i United States Treasury Notes 9.25 May 15-1984 159,000 159,745 158,443 United States Treasury Notes 8.00 Feb. 15-1985 50,000 - 48,343 47,437
- United States Treasury Notes 10.375 May 15-1985 223,000 199,655 229,900 4
United States Treasury Notes 8.25 Au8 15-1985 50,000 48,625 47,500 United States Treasury Notes 7.875 May15-1986 - 850,000 872,405 784,635 ]. United States Treasury Notes 8.00 Au8 15-1986 587,000 599,474 543,345 United States Treasury Notes 9.00. Feb. 15-1987 76,000 . 74,201 73, Y.0 ,; United States Treasury Notes 10.75 Nov. 15-1989 141,000 124,653 147,169
! , Hiram Walker T, Sons 8.50 158,000 158 000 1582000 TOTAL NOTES AND 8CMDS ~W9M,,I22 M ,7 H
- r PREFERRED STOCK 1 . Farm Bureau Services Inc. Class AAA 51 8 Il Farm Sureau Services Inc. Class 8 99 - 5 i' TOTAL'l' REFERRED STOCK 13 C0tMON STOCK i' Air Products and Chemicals Inc. 17,600 588,824 682,000
. Aluminum Company of America '
'13,550 705,383 7 % ,062 I. American Broadcastin8 Company Inc. 1,100 ,34,765 32,038 .
American General Corporation 988 21,821 33,963 American Hospital Supply Corporation 19,925 783,746 690,003 American Natural Resources Company 800 37,428 33,600 American Telephone T, Telegraph Company 2,401 93,442 126,052 Anheuser-Busch Company Inc. 26,900 735,446 733,025 Archer Daniels Midland Company 26,407.5 557,887 884,651
- . Atlantic Richfield Company 14,300 643,610 1,337,050-i s-I a
'93
IN7ESTMENTS--CONTINUED-
- Principal Indicated Date of Amount Market Value Interest Maturity or or Number of Securities Type of Investment Rate , Repu rcha se ._ of Shares Book Value June 30, 1980 MARKETABLE SECl!RITIES--CONTINUED .
4 COMMON STOCK--CONTINUED Beatrice Foods company 3,500 $ 67,357 $ 77,000 Beech Aircraft 21 1,024 1,208 Big Three Industries 525 23,098 25,200 Burlington Northern Inc. 16,100 506,110 559,475 Carpenter Technology Corporation 500 17,780 15,250 Champion International Corporatios. 21,100 531,135 509,143 Chemotronics International Company 2,560 205 205 Colgate-Palmolive Company 3,000 39,375 42,000 Common Fund 347.9713 units 373,926 430,404 Conoco inc. 6,000 210,600 315,780 Dayton Power & Light Company 2,000 64,047 29,000 i 7,810 6,688 \ Ditital Equipment Corporation 100 Walt Disney Productions 15,400 721,490 739,200 Dow Chemical Company 2,720 84,007 91,460 . Dun & Bradstreet Corporation 500 13,567 23,438 , Du Pont (E.I.) de Nemours & Company 11,255 530,906 471,359 ! 14,000 Eastman K ulak Compar.y 250 24,470 Eutfac Service Inc. 10 165 165 i Exan Corporation 1,661 60,122 ~ 110,041 i Farm bareau Services Inc. 1 I Cederated Department Stores Inc. 100 3,906 2,900
- Firestone Tire & Rubber Company 688 13,029 4,730 First of Michigan Corporation 1,000 8,375 9,500 Ford Motor Company 151 4,624 3,718 i f'annett Company 4,290 151,586 195,195 l General Electric Company 800 43,172 41,200 Cencral Motors Corporation 2,092 142,585 97,278 Cencrat Signal Corporation 9,500 343,140 109,985 ;
Cenuine Parts Company 500 12,190 11,813-W. W. Crainger, Inc. 500 12,000 15,000 f 94
4 l INVESTMENTS--CONTINUED Principal Indicated Date of Amount N rket Value laterest Maturity or or Number of Securities y T pe of Investment Rate A purchase _.. of Shares Book Value June 30, 1980 ItARKETABLE SECURITIES--CONTINUED C0tet0N STOCK--CONTINUED Gulf 011 Corporation 18,200 $ 598,234 $ 734,916 Hewlett-Packard company 500 33,417 31,188 Household Finance Corporation 225 5,753 4,050 Hughes Tool Company 16,350. 540,225. 1,025,963 Indianapolis Power & Light Company 200 3,030 4,500 Inland Steel Company 400 14,632 12,150 International Business Machines Corporation 1,718 126,582 100,933 International Paper Company 500 20,107 18,250 laternational Telephone & Telegraph Corporation 1,855 97,875 51,477 E Mart Corporation 1,000 38,347 22,628 Martin-Marietta Corporation 13,600 746,232 .625,600 Merck & Company Inc. 400 29,349. 28,300 Michigan National Corporation 1,105 19,830 21,824 Mo'bil Corporation 1,930 49,633 137,513 Mosman Industries Inc. 50 27,000 50 , New England Gas Electric Association 2,400 40,268 38,700 Pacific Gas & Electric Company 'I,000 30,377 24,125 Palm Beach Inc. 1,500 23,639 24,938 Panhandle Eastern Pipe Line Company 23,900 563,758- 797,782
, 12,500
~
Payless cashways Inc. 1,000 14,125 4l '! Pfizer Inc. Public Service Company of Indiana Inc. 700 I,900 25,315 54,766 28,875 44,650 4 l Ralston Purina company 100 1,138 1,125 l i Raytheon Company 100 7,623 7,425 Revlon Inc. 200 7,826 8,925 Rolm Corporation 700' 32,732 31,150
- Schlumberger Ltd. 600 71,836 69,300 SmithKline Corporation 1,000 13,161 58,375
! Southern Railway Company 600 37,140 38,250
. Southland Royalty Company 200 8,997 10,500 1
+ 1 i 1 95
INVESTMENTS--CONTINUED 4 Principal Indicated Date of Amount Market Value Interest Maturity or or Number of Securities T p of Investment Rate Repurchase of Shares Book Value . June 30, 1980 MARKETABLE SECURITIES--CONTINUED C0tMON STOCK--CONTINUED Sperry Corporation 400 $ 21,825 $ 19,000 Standard Oil Company-Indiana 2,800 11,621 160,300 Storage Technology Corporation 1,000 16,545 14,000 Texas Commerce Bankshares Inc. 16 607 834 Texas Eastern Corporation 5,700 333,309 394,041 Texas 011 & Gas Corporation 300 12.223 14,250 Texaco Inc. 100 3,875 3,675 Union Camp Corporation 300 6,777 12,450 United Technologies 3 144 126 Warner-Lambert Company 1,000 20,190 18,500 4 Wellington Fund 85- 766 842 s Weyerhaeuser Company 300 11,148 9,789 \ Whirlpool Corporation 2,000 41 285 38 750 TOTAL Core 10N STOCK __11,987,,418 14,201,,24E TOTAL MARKETABLE SECURITIES $59,671,464 $60,920,806 MISCELIANEOUS ASSETS Real Estate $ 828,799 Land Contract Receivable- 421,474 TIAA-CREF Investments 8,314,284 Other Investments 9,457 Land Crant Endowment 1,059,374 TOTAL MISCELLANEOUS ASSETS $10,633,393 96
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