PAGE EIGHT
UNIVERSITY DAILY KANSAN, LAWRENCE, KANSAS
TUESDAY, MARCH 13, 1951
MEMORIAL UNION
Statement of Operations (Cash Basis)
For the Fiscal Year Ended June 30,1950
<table><thead><tr><th></th><th>Food Service</th><th>Concessions</th><th>Building</th><th>Total</th></tr></thead><tbody><tr><td>Receipts</td><td>$381,076.92</td><td>$24,256.11</td><td>$ 6,930.56</td><td>$412,263.59</td></tr><tr><td>Disbursements:</td><td></td><td></td><td></td><td></td></tr><tr><td>&nbsp;&nbsp;Food purchases</td><td>$210,385.68</td><td>$13,194.70</td><td>$...</td><td>$223,580.38</td></tr><tr><td>&nbsp;&nbsp;Payroll</td><td>117,878.84</td><td>3,511.79</td><td>20,485.35</td><td>141,875.98</td></tr><tr><td>&nbsp;&nbsp;Other expense</td><td>25,877.86</td><td>5,753.19</td><td>12,048.83</td><td>43,679.88</td></tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp;Total disbursements</td><td>$354,142.38</td><td>$22,459.68</td><td>$32,534.18</td><td>$409,136.24</td></tr><tr><td>Excess (deficiency*) of receipts over disbursements</td><td>$ 26,934.54</td><td>$ 1,796.43</td><td>$25,603.62*</td><td>$ 3,127.35</td></tr><tr><td>Funds transferred to Student Union Activities</td><td></td><td></td><td></td><td>2,700.00</td></tr><tr><td>&nbsp;&nbsp;Net Increase in cash balance</td><td></td><td></td><td></td><td>$ 427.35</td></tr><tr><td>Cash Balance July 1, 1949</td><td></td><td></td><td></td><td>15,974.25</td></tr><tr><td>Cash Balance June 30, 1950</td><td></td><td></td><td></td><td>$ 16,401.60</td></tr></tbody></table>
EXPLANATORY COMMENTS
Concessions cover the sale of refreshments and novelties at major K.U. sporting events held at Lawrence.
Building receipts are primarily from bookstore, student office dance, and vending machine rentals.
No provision for depreciation of building or equipment is included in the above figures inasmuch as the present building is a gift to the students, future building will be financed with receipts from Student Union fees paid by students, and replacements of equipment are included in disbursements in lieu of a depreciation charge.
Ten Year Summary of Operating Receipts and Disbursements for the Period July 1, 1940 to June 30, 1950
SUPPLEMENTARY DATA
51 conferences and institutes held at the Union represent service to the entire state.
729 special groups were served 36,647 meals.
Cash receipts from all sources except Student
Union Activity Fee ... $3,604,707.41
Cash disbursements for operating expenses ... 3,439,294.81
Excess of receipts over oper. disbursements ... $ 165,412.60
302 teas and refreshments were served to 23,323 persons.
760 meetings were held in the building, involving approximately 20,000 persons.
Based on cafeteria revenues and the number of meals served, the average cost to the patron for three meals per day was $1.39.
Excess of receipts over disbursements, utilized for:
Purchase of equipment for cafeteria, fountain $ 42,339.74
Initial furnishing, equipping of Fountain 14,413.41
Hawk's Nest (Palm Room) 28,507.80
Air cond. equip., exclusive of Hawk's Nest 8,480.82
Stairway to third floor, completion of east floor 2,100.00
Public address system 1,408.96
Remodelling to provide quarters for bookstore 1,979.00
Other improvements to bldg., add. furnishings, etc. 39,291.25
Const. of dance floor; picnic area at Potter Lake 2,017.59
Advance to Bus. Office to estab. Check cashing fund 10,000.00
Student Union Activities expenses 14,060.19
Increase in cash balance to $16,401.60 at June 30,
1950, from $15,587.76 at July 1, 1940 813.84
Increase in cash balance to $16,401.60 at June 30,
1950, from $15,587.76 at July 1, 1940... 813.84
Total excess of receipts over disb. as above... $ 165,412.60
Statement of Cash Receipts and Disbursements, Student Union Fee Fund, for the Period June 1, 1946 to June 30, 1950
Receipts for fiscal year ending June 30:
1946 (Fee initiated with summer session) ... $ 1,540.00
1947 ... 71,375.22
1948 ... 74,386.57
1949 ... 95,726.66
1950 ... 107,959.39
Total ... $350,987.84
Disbursements:
North addition (Hawk's Nest and Terrace) ... $117,934.34
Cash Balance June 30, 1950 ... $233,053.50
Estimated amount due from Veterans' Adminis-
tration as of June 30, 1950 ... 51,860.23
Total Cash balance and receivable ... $284,913.73
The present building has an estimated replacement
value of $1,200,000.
To June 30, 1950, the following investment had
been made in the Student Union:
Building and improvements ... $410,621.25
Equipment, less depreciation ... 130,956.82
$541,578.07
Of the investment shown above, approximately $190,000 was contributed by friends and alumni, as a memorial to those killed in World War I.
This information is furnished for the benefit of the student body by the Union Operating Committee