SUPPLEMENTARY FINANCIaL REPORT
KaNSaS MEMORIAL UNION

On operation of the Memorial Union

Cafeteria, Dining Room, and Soda

Fountain. (To be appended to a

financial report presented July 6,

1940.)

The financial report of the Kansas
Memorial Union Building presented at the annual
meeting of the Board of Directors was a copy of
the report from the Student Organization Hand-~
book of 1938-1939. This is not a profit and
loss statement, but merely a statement of receipts
and disbursements and in the case of the two
revenue-producing food units, the cafeteria and
soda fountain, this report includes disbursements
for June of the prévious year. Since the fiscal
year begins on July lst, this is not a true pic-
ture of disbursements. The Student Organizations
Report also does not mention inventory of the
previous year. It is therefore difficult for
the person to whom this report is handed, to
Calculate actual pfofit in these two revenue~
producing units unless a handbook from the
previous year were available,

As a matter of interest to the members
of the Board of Directors of the Kansas Mesworial
Corporation, this report which has been checked by
Mr. Karl Klooz, Butsar, has been prepared.