SUPPLEMENT TO THE cTVliami University' Bulletin SERIES X, NO. 9. JUNE, 1912. Annual Report of the Secretary of the Board of Trustees of Miami University 1911-1912 OXFORD, OHIO FINANCIAL STATEMENT OF THE Secretary of the Board of Trustees of Miami University For the Fiscal Year Ending May 31, 1912 Presented to the Board of Trustees at the Annual Meeting, June 11, 1912 Oxford, Ohio Published by the University June, 1912 To the Board of Trustees Of Miami University: I have the honor to submit, herewith, my annual statement of the receipts and expenditures, and the present financial condition of the University at the close of the fiscal year, May 31st, 1912. The form of the report is substantially in accordance with the Carnegie Foundation as modified by the Ohio State Bu¬ reau of Accounting, to suit the requirements of a State University, omitting all those “schedules ' that do not apply to this Institution. Very respectfully, GEO. S. BISHOP, Secretary. < ]f JO hy* ■ ? Schedule A Consolidated Statement INCOME AND EXPENDITURES Cash balance June 1, 1911.,.$ 5,910.95 Total income for year (Schedule B-l). 270,177.20 -$282,088.21 Total expenditure for year (Schedule C-l). 280,735.33 Cash balance May 31, 1912. $ 1,352.88 Schedule A-l Balance Sheet FOR THE YEAR ENDING MAY 31, 1912 ASSETS Cash in Oxford National Bank.$ 1,352.88 Cash in Cincinnati Trust Co. (3%).... 1,937.08 Auditor of State, Schedule H. 107,914.09 Bonds—Investments, Schedule D. 20,400.00 Funds—Designated purposes, Schedules D and F. 978.27 Real Estate, Schedule F. 109,493.97 Educational Plant— Lands, buildings and equipment, Schedule E . 741,159.09 $ 1 , 142 , 235.98 LIABILITIES Notes or accounts payable. None State appropriations, Schedule H....$ 1(57,914.09 Other current liabilities. None Bonds—Investments, general purposes, Schedule . 20,400.00 Funds for designated purposes, Sched¬ ules D and F. 978.27 Bonds or mortgages against plant. . . . None Investment or capital account. 853,943.02 $ 1 , 142 , 235.98 Income Schedule B-l DESCRIPTION Totals Income from Students: Incidental and laboratory fees (Schedule B-2).$ 14,887.83 Special fees, diplomas, etc. (Schedule B-2). 585.00 For supplies, chemicals, laboratory materials, etc. 003.0!) For dormitories . 0,137.18 For dining halls—board. 10,734.04 Income from Investments: Endowment for general purposes (Schedule F).. 0,002.23 Land Grant—Act of Congress—Total number of acres, 23.403. Bonds (Municipal)—Interest . 574.32 Income from endowments for designated purposes (Schedule F). 53.00 Income from State: Tax levy current expenses College of Liberal Arts. 00,824.03 Tax levy current expenses'Normal College. 10.475.03 Appropriation current expenses College of Liberal Arts. 41,481.30 Appropriation building and special purposes. 100,217.08 Income from Other Sources: Miscellaneous sales, old material, etc., unclaimed checks. 107.05 From Alumni for Library Building. 1,831.52 /Tbtal income .$270,177.20 4 Receipts from Students Schedule B-2 Arts Normal Summer School Total Number of students registered. Number of students paying fees. Number of students admitted without payment. Number students in summer school registered in 333 328 5 173 169 4 548 548 1054 1045 9 70 $15,491.52 17.00 S3.00 485.00 Tuition, Incidental and Laboratory Fees: Total receipts from all students. Incidental fee paid per student, Schedule B-l . Special Fees: $10,776.52 30.00 17.00 83.00 300.00 $2,884.30 15.00 $1,830.70 3.00 185.00 Total receipts account fees, corresponding to Schedule B-l . $16,076.52 Schedule C-l Classified Expenditures Expenses: Salaries .$110,437.97 Employees and extra labor. 3,400.02 Materials and general supplies. 3,099.10 Laboratory supplies . 1,031.90 Coal . 0,218.88 Water and light. 1,840.87 Stationery and olfiee supplies. 1,821.57 Printing, bulletins and catalogues. 4,243.23 Advertisement . 945.02 Traveling expenses . 2,477.21 Boarding Department . 21,458.10 Rent of cottages and ground. 015.00 Repairs—Equipment and buildings. 7,008.31 Freight, express and drayage.. 807.98 Incidentals . 3,738.55 Trustees’ expenses, including committees. 1,170.10 Student labor and assistance. 2,005.00 Commencement expenses . 099.93 Taxes and insurance . 1,127.53 Repairs to Main Building—Contract. 3,717.09 High School Visitors.:. 992.71 Total Expenses, Schedule C-2. $186,729.99 Equipment: Apparatus . 3,554.20 Books . 4,039.00 Furniture and fixtur.es. 3,130.58 Total Equipment, Schedule C-2. $ 10,723.84 New Buildings, Schedule C-2. $ 70,310.83 Bonds for investment.$ 12,907.85 Interest re-deposited, Cincinnati Trust Co. 50.82 Total investment . 12,904.07 Total Expenditures . $280,735.33 0 Schedule C-2 Expenditures by Departments or Divisions DESCRIPTION Departments: Agriculture and Forestry. Botany . Chemistry . Drawing and Art.. Domestic Science . English . Economics . Education . Geography . German . Greek . Gymnasium and Physical Training History . Latin . Manual Training and Handwork.. Mathematics . Music . Physics .. Philosophy . Public Speaking . Romanic Languages . Sociology . School Administration . Training . Zoology . Total Departments . Special Instruction: Summer School . McGuffey Training Schools. Total Special Instruction . . . Library Expense Items Equipment Items Totals $3,482.97 $ 9.00 $3,491.97 2,935.89 183.16 3,119.05 3,447.67 170.67 3,618.34 2,449.17 2,449.17 2,538.58 103.75 2,642.33 5,926.79 73.20 5,999.99 2,100.00 49.21 2,149.21 2,100.00 2,100.00 2,427.19 223.22 •2,650.41 3,741.40 8.60 3,750.00 2,451.47 127.40 2,578.87 4,797.26 32.90 4,830.16 5,578.05 5,578.05 2,081.68 68.34 2,150.02 3,705.71 253.20 3,958.91 4,236.35 62.85 4,299.20 2,929.89 42.50 2,972-19 2,752.46 790.34 3,542.80 3,500.30 42.35 3,542.65 2,644.75 2,644.75 5,082.26 63.50 5,145.76 2,050.00 2,050.00 640.00 640.00 3,600.00 3,600.00 4,100.47 702.65 4,803.12 $81,900.31 $3,006.84 $84,907.15 $7,500.00 $7,500.00 8,592.59 $690.13 9,282.72 $16,092.59 $690.13 $16,782.72 $5,105.92 $4,661.83 $9,767.75 $103,098.82 $8,358.80 $111,457.62 Forward Schedule C-2 — Continued Expenditures by Departments or Divisions DESCRIPTION Expense Items Equipment Items Totals Brought forward . Administration and General Accounts: (Details expense, Sell. C-3; Equipment,Sell.C-4) Executive Offices . Trustees (including committees). Commencement expenses . Advertisement . Water . I Electric Light (purchased). High School Visitors. University Publications . General expenses . Total Administration and General. Operation, Maintenance and Equipment of Plant: Salaries: Janitors, caretakers, etc. Salaries: Supt. bids, and grounds, Engineers, etc.. Coal . Heat, Power and Light Plant. Grounds . Repairs Buildings, (current). Re-construction (contract) Men's Dormitories.... Repairs, Main Building (contract). Total Maintenance, Etc. Dining Halls . New Buildings: Women’s Dormitory: Contract . Architect . Materials and extra labor. Bonds purchased . Total Expenditures . $103,098.82 $19,509.41 1.170.10 099.93 945.02 1,243.85 399.29 992.71 4.218.50 8,179.26 $37,358.07 $4,048.44 3,366.05 6,218.88 1.840.01 2,988.01 3,422.08 17,089.62 3,717.69 $42,090.78 $21,122.76 50,085.07 1,225.93 915.61 $12,907.85 $270,011.49 $8,358.80 $1,007.03 1,010.31 $111,457.02 $20,517.04 1,170.10 099.93 945.02 1.243.85 399.29 992.71 4,218.50 9,189.57 $2,017.94 $39,370.01 11.70 $4,048.44 .3,300.05 0,218.88 1.857.71 2,988.01 3.422.08 17.089.02 3,717.69 $11.70 $42,708.48 $335.40 $21,458.10 52.827.21 $12,907.85 $10,723.84 $280,735.33 8 Departmental Expenses CO 6 CD O m Departmental Expenses Continued ' Addresses. 8 Food supplies. t Plants and tree surgery. Lands, Buildings and Equipment Equipment Schedule C-4 DEPARTMENT Apparatus Books Furniture and Fixtures Totals $9.00 $ 9.00 183.16 $174.44 $ 8.72 140.24 30.43 170.67 30.60 73.15 103.75 20.20 53.00 73.20 49.21 49.21 160.29 62.93 223.22 1.85 6.75 8.60 102.40 25.00 127.40 32.90 32.90 Latin . 66.84 .75 .75 68.34 232.40 20.80 253.20 62.85 62.85 42.50 42.50 772.84 17.50 790.34 42.35 42.35 41.00 22.50 03.50 551.27 38.28 113.10 702.65 Total Departments .. $2,452.92 $42.37 $341.55 $3,006.84 McGuffey Training Schools. $292.38 $211.30 $186.45 $690.13 $3,121.86 $1,539.97 $4,661.83 Administration and General: Executive offices: 1,946.93 71.01 1,946.93 71.01 Heat, Power and Light Plant: $11.70 335 40 335.40 $10,723.84 Total Equipment, Schedule C-2. $2,757.00 $3,545.53 $4,421.31 New Buildings. Women’s Dormitory .$52,827.21 Reconstruction of Men’s Dormitories. 17,089.62 Total New Buildings.$69,916.83 11 Schedule C-a Departmental Salaries—Instructors DEPARTMENT Professors Associate Professors Assistant Professors Instructors Total Agriculture and Forestry . Botany . Chemistry . Drawing and Art . Domestic Science ... English . Economies . Education . Geography . German . Greek . History . Latin . 'Manual Training and Handwork... Music . Mathematics . Physical Training and Gymnasium.. Physics . Philosophy . Public Speaking . Romanic Languages . Training . Sociology . School Administration . Zoology . Totals . Special Instruction: Summer Term . McGull'ey Training Schools. Totals, Instruction.. 200.00 200.00 335.00* 000.00 100.00 100.00 ,400.00 ,300.00 100.00 000.00 000.00 200.00 , 100.00 ,400.00 ,400.00 ,300.00 ,800.00 ,500.00 , 000.00 , 000.00 640.00* ,500.00 1,500.00 1.500.00 1 . 000.00 1,400.00 1,200.00 2.400.00 1,400.00 330.00* 1,700.00 1,200.00 800X10 850.00 800.00 200.00 1.500.00 000.00 950.00 000.00 2,100.00 1,200.00 600.00 1,000.00 1,200.00 $48,175.00 $4,500.00 $11,830.00 $2,830.00 $800.00 $1,375.00 $51,005.00 $5,300.00 $13,205.00 $2,200.00 2,200.00 2,135.00 2,250.00 2,000.00 0.100.00 2 , 100.00 2 . 100.00 2,400.00 3,700.00 2,4.30.00 5,500.00 2.000.00 3,100.00 2,650.00 4,200.00 4,500.00 2,400.00 3,500.00 2.400.00 5,000.00 3,600.00 2 , 000.00 640.00 3,700.00 $10,300.00 $74,805.00 $1,504.15 7.815.00 $7,119.15 7,815.00 $10,010.15 $80,730.15 * Instruction Riven by Dean anil proportionate part of salary charged to Department. 12 Securities:—Bonds, Stocks Schedule D DESCRIPTION Balance Be¬ ginning of Year Additions During Year Total Balance Last of Year Interest Received Investments: Bonds: City of Hamilton, Ohio, 4y 2 %. Due 1920 $3,000.00 3,000.00 $3,000.00 3,000.00 $135.00 120.00 Bonds: Franklin Co., O., 4%. Due 1917. . 3,000.00 Bonds: Dayton, Ohio, 4 1 4%. . . 6,000.00 6,000.00 0,000.00 6,000.00 6,000.00 6,000.00 135.00 127.50 Stock: Hooven, Owen & Rentschler Co., Hamilton, Ohio . 500.00 500.00 500.00 30.00 Oxford Loan and Building Ass’n, 5%. . . . 478.27 478.27 478.27 23.90 Total Securities . $6,978.27 $12,000.00 $18,978.27 $18,978.27 $571.40 Real Estate: 21 lots adjoining Cleves, O., 8 lots in Corrvville, Cincinnati, O. . . . 2,400.00 2,400.00 2,400.00 85.90 $9,378.27 $12,000.00 $21,378.27 $21,378.27 $657.30 Schedule E Educational Plant: Lands, Buildings and Equipment University Site, Campus, Grounds, Etc.: 00 Acres in Campus . 35 Acres in Experimental Station and Athletic Grounds. Buildings: Main, brick, three stories, 250x00. Central part erected 1824. East wing erected 1898. West wing erected 1870. Northeast Dormitory, Men’s, three stories, brick, erected 1825. Southeast Dormitory, Men’s, three stories, brick, erected 1830. Brice Hall (Science), brick, three stories. East one-third erected 1892. West two-thirds erected 1905. Hepburn Hall, Women’s Dormitory, brick, three stories, erected 1905 Auditorium and Offices, brick, two stories, erected 11)00. Herron Gymnasium, brick, two stories, erected 1897. Normal Building (South Pavilion), brick, three stories, erected 1909. Library, brick (fireproof), erected 1909. Power House, brick, erected 1907. Women’s Dormitory, brick (fireproof), erected 1912. Balance End of Year .$ 30,000.00 . 20,000.00 100,000.00 12,500.00 12,500.00 52,000.00 45,000.00 65,000.00 25,000.00 57,000.00 70,000.00 31,500.00 75,000.00 Total Buildings .$595,500.00 Total Equipment . 145,659.09 Grand Total Lands, Buildings and Equipment.$741,159.09 Schedule F Endowment Funds—General Purposes Total at Knd of Year Original Endowment: Township of Land (Oxford).$109,403.97 23,403 Acres, leased perpetually without revaluation, at 6 per cent, on amount originally sold for, granted by Act of Congress of March 3, 1803. Endowment Funds—Designated Purposes: Bishop Prize Fund . 478.27 Fund established 1891 by gifts of Alumni in memory of Professor Robert H. Bishop. Annual income used as a Latin Prize McFarland Prize Fund. 500.(10 Fund established by Mr. Jas. R. Patterson, class of 1858, in memory of Prof. Robert W. McFarland, income to be used annually as a Mathe¬ matical Prize. Total Funds for designated purposes.$ 978.27 14 Schedule G Dining Halls HEPBURN HALL—STUDENTS’ COMMONS Receipts: Balance June 1, 1911. Receipts for board. Receipts for banquets and guests. Total. Disbursements: Salary—Matron . Employees . Renewal and repairs of equipment. Express and freight. Food supplies . Materials and general supplies. Furniture and fixtures . Laundry . Fuel . ice . Banquets . $ 010.25 19,143.00 591.04 $20,344.89 $ 1,000.00 4,248.29 435.90 230.30 14,155.82 152.00 335.40 107.90 281.05 . 80.01 418.17 -$21,458.10 Deficit 1,113.27 This deficit is only apparent and is due to board bills not collected until end of school year. The boarding year ends August 1st, each year. 15 / A < • State Aid—Appropriations Schedule II Balance June 1, 1911 Appr’ns for Year Total Requisitions Balance May 31, 1912 Tax Levy — General purposes University. $50,039.04 $62,500.00 $113,139.04 $69,843.96 $43,295.08 Tax Levy for Normal College. 10,741.95 37,500.00 57,241.95 16,475.93 40,700.02 Apparatus, College of Liberal Arts. 8,074.83 8,000.00 10,074.83 7,350.32 8.724.51 27,500.00 02,500.00 45,074.62 10,825.38 Upkeep andRepairs, Buildings and Grounds... 10,000.00 10,000.00 20,000.00 9,703.03 10/230.97 1ibrary . 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 1,800.00 1,800.00 1,800.00 1,200.00 1,200.00 1.200.00 Summer Session . 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 Re-construction Men’s Dormitories. 35,000.00 35,000.00 10.901.34 18,098.66 Woman’s Dormitory .•. 27,477.20 37,500.00 64,977.20 52,009.13 12,908.07 Furnishing Woman’s Dormitory. 10,000.00 10.000.00 10,000.00 Totals . $238,000.00 $395,933.02 $228,018.33 $167,914.60 16