KU Tallies '64 Operating Income at 43 Million
The KU financial report for the fiscal year 1964-65 showed an operating income of $43,616,244-.99, only 42.5 per cent of which came from state appropriations, the annual report of Comptroller Keith L. Nitcher revealed today.
The consolidated summary for both the Lawrence and Kansas City campuses showed an increase of nearly $4.5 million over 1963-64, although the increase in state appropriations, standing at $18.5 million this past year, was
up less than $1.5 million. The proportion of the University's income from state appropriations went down 1.6 per cent.
ONE OF THE MAJOR increases in operating income was in "gifts, grants, and sponsored programs," consisting largely of sums received for sponsored research, which totaled $9.6 million, for an increase of more than $1.5 million. It provided 22 per cent of the University's income.
Income from care and hospitalization of persons was up $0.7 million to nearly $6.0 million, from residence halls and apartments, up $0.35 million to $3.5 million, student fees, up $0.3 million to $3.9 million, and departmental sales and services, up $0.2 million to $1.6 million.
Income reported by the comptroller does not include income to the Memorial Corporation, which operates the Kansas Union and the bookstore; the Endowment Association; the Physical Education Corporation; better
known as the Athletic Board; nor the Center for Research, Inc.
THE KANSAS UNION and bookstore nad income of about $2.5 million and expenditures of more than $2.4 million. It transferred $1,730 to retained earnings and put $58,522 in a reserve for expansion.
The Endowment Association, whose report was made at Commencement last June, had income of approximately $3.3 million.
The Physical Education Corporation had a net income of
$79,920 from a total income of more than $1 million.
The Center for Research, Inc., which was incorporated in 1962 to promote scientific and educational developments by effecting scholarly, industrial, and other types of research at the University, had receipts of $635,749.29.
16 Daily Kansan
Tuesday, November 30, 1965
STUDY IN SOUTHERN FRANCE
an undergraduate liberal-arts year in Aix-en-Provenance
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& LITERATURE
FRENCH LANGUAGE
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MEDITERRANEAN STUDIES
Classes in English and French satisfying American curriculum requirements Institute students enrolled at the University of Aix-Marseille founded in 1409
Students live in French homes
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RED DOG INN presents - Wednesday- December 1 The "Bluethings"' No Cover
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Thurs., Dec. 2 The "Kingsmen" Singing Their Million Record Sellers — "Louie Louie," "Money,"
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No Cover