University Daily Kansan, October 9. 1984
Page 5
Endowment
continued from p.1
a record amount of uncollectible receivables, according to the report. About $3 million of uncollectible loans and outstanding loan repayments were written off in fiscal year 1984.
Stewart said, "It was just facing up to things we should have recognized in the past."
"I think we've cleaned things up pretty well in there," he said.
He said that he doubled the association would make a similar write-off in fiscal year 1987.
THE UNIVERSITY SETS its budget for a fiscal year and then estimates the income from student tuition. Stewart said. What is more important, the tuition is financed from the state general fund.
Stewart said Endowment Association support to the University had been at an all-time high in 1983. The Endowment Association gave the University more than $21 million during 1983 for a variety of activities including scholarships, construction, official hospitality, lectures, salaries and University staff travel.
Stewart said that because University support had decreased, the overall fund
The fund balance, or total donations and endowments to the University, was up by 12 percent in fiscal year 1984 or an increase of about 7 million.
ON THE INVESTMENT SIDE, the Endowment Association earned $14.6 million in fiscal year 1984 compared with $14.8 million in fiscal year 1983.
Stewart said the decrease in returns on investments was directly attributable to stock market declines in the fiscal year.
Andy Powell, Atlanta, Ga., senior, sights through a transit in front of Learned Hall. He and other students were practicing surveying yesterday.
Graduate student ends up in jail following incident by Fraser Hall
A KU graduate student was booked into the Douglas County Jail early Sunday morning on charges of battery of a police officer, disorderly conduct and resisting arrest after an altercation with a KU police officer at 3:10 a.m. Fraser Hall, KU police said yesterday.
The student was released at 6:33 a.m.
Sunday on $2,250 bond.
The officer was treated for brusked ribs and a slight strain to the wrist and fingers of his
right hand.
According to KU police, the officer was flagged down by a woman as she drove by Fraser Hall. The woman reported that a building in KU was standing by the building's trash dumpster.
The officer escorted the woman to her car and then approached the man. The officer attempted to talk to the man and then frisked him, KU police said. As the officer finished frisking him, the man attacked the officer, striking and kicking him, KU police said.
Shuttle continued from p. 1
threatening to disrupt the shuttle's Saturday landing plans
Josephine grew out of an Atlantic low pressure system and was declared a tropical storm early yesterday and shortly before the storm struck the coast. Just 15 mph shey of hurricane strength
Gale-force winds were fanning out 600 miles to the north and 150 miles to the south of the storm's center. Forecaster Bob Case
At 9.30 last night, Josephine was centered about 310 miles east of Nassau, Bahamas, near latitude 24.7 north, longitude 72.5 west as she drifting west-westward at about 5.8ph.
said Josephine was expected to strengthen and take an even more northerly course today.
"Right now our best guess is it will track toward the west for the next 12 to 24 hours, then turn northward." Case said. "It would skim the eastern Bahamas and then as it goes north the jetstream would probably pick it up and move it northward very quickly.
"Once that happens the chances for strengthening are practically nil, so whatever it's going to do as far as strengthening, it will go within the next 12 to 24 hours." Case said.
The outer edges of the storm moved over
the easternmost Bahamas Monday, assaulting the coastline with thunderstorms and winds of up to 40 mph. Case said.
"Even if the center of the storm never gets to the islands, it'll probably worsen as that thing dripped towards the west." It bring more pressure on the Bahamas in the next 24 hours. "Case said.
Cloudy skies or high winds from Josephine would force the ship to land at Edwards Air Force Base.
Flight director Cleon Lacefield said "we're just going to have to wait for a while to see where Josephine goes."
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NORTH CENTRAL ASSOCIATION OPEN FORUM FOR FACULTY AND STUDENTS
From Oct. 15-17 the University will be visited by an accreditation evaluation team representing the North Central Association of Colleges and Schools. The University of Kansas, as do other universities, participates in such a review at least once every ten years. The review team is comprised of faculty and administrators from other midwestern institutions.
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