The Oakes times., 1916-10-12
.lRD Of RECQlIy.
NlE FINANCE lDP0lT
NEARLY EioHr MILLION INVEST.
Ep m EIGHT EovcArloNAC
iNsTlTUTIoNs
Constructive. Uniform and Systematic
plaW of e6ueateon Adopto1-0Ss-
tlnet ltne tor Eaeh In.
gt3tution

the directions OF the State Board OF
Regents t7.6o7 .693.97. according to the
biennial report Of the board. These
figures include the sold part Of the
federal land grant. institution sites
and campus. other lands, buildings.
equipment and furniture and libraries
In addition to this large total six of
the eight educational institutions still
have unsOld 114.87O acres of their fed
eral land grant. which. estimated at
the government valuation Of 314 per
acre. means approximately 81. COS $50.
The importance Of the financial and
husinoss Affairs Of these educational
institutions is indicated BY the fact
that the State Board Of Regents
handles. during the biennial period.
$1.953.744.l5. 1t may be interesting to
know how this sum Is derived.
North Dakota. through legislative
appropriations. provides for about 60
per cent of this amount, of $1,2O8.341.
OF this sum $65s.soO is appropriated
for the institutions in lieu Of the old
mill tax and $256.O34 by other direct
legislative appropriations, making
total OF legislative appropriations for
educational purposes of $914,834. In
addition the state approprates for the
experiment station. sub-stations, dem
onstratiOn farms, pure food, pure
seed. pure drug. nursery inspection.
and other regulatory matters conduct.
ed under the direction Of the Agri.
cultural College and Experiment Sta
ti0n the sum Of $293,5O7.
The other sources of revenue of the
state educational institutions. amount
ing to approximately 40 per cent are
from direct federal appropriations.
amounting to $197.67S. interest and
income Of the federal land grants al
ready sold. $365.967.22. matriculation
fees by students. sale of institutional
products and from all other sources.
$lS4.6S3.68. or total of $748, ,328. 80
which the taxpayers do not provide.
In addition to these figures there
are boarding house accounts, run with.
out profit. at price that merely COW
ers actual expenses, and trust funds
OF various characters from which no
institutional revenues are derived but
which greatly increase the total vol.
ume Of the financial business.
The boards biennial report calls at
tention to numerous things that have
been accomplished during the one
year Of its existence. Among them
are the adoption of uniform system
of reports Of the various institutions
to the board each month, including all
educational. financial and business
matters. q uniform system of account
Ing for the various institutions: the
monthly checking Of institutional bills
and business reports by the secretary
OF the board at Bismarck: the pur.
chase Of supplies for the various In
stitutions under contract system, pro.
vtding not only higher quality of
goods but securing them at lower
prices than formerly and with much
better service than when each institu.
tion made its purchases separately.
The report shows the establishment
OF budget system by the board for
all institutions. the plan of approved
requisitions on these budget funds be-
fore purchase orders are sent out. and
general business.like methods. All
regulatory work was placed under
Pure Food Com'r Ladd
The report includes many recon.
mendattons by the board, among then
being better storage room at each in.
stttutton for fuel: sidetracks for con.
venience In handling fuel more cheap.
ly; cold storages for the boarding de.
partments 80 that perishable supplies
may be purchased more cheaply In
larger quantities.: the addition of cafe.
terias to the boarding houses; in.
crease In dormitory rentals to figures
corresponding to rooming charges in
private houses Offering somewhat sim.
liar Accommodations: additional dorml.
tory room for girl students: better
methods Of handling all forms OF In.
stitutional insurance; appropriations
Tor repairs and remodeling some Old
buildings. new buildings imperative
because Of lack of appropriations for
that purpose by the last two or three
legislatures: increased gymnasium
facilities by which the entire student
body can enjoy advantages of physical
training: lump sum appropriations;
ten-year building program: deficit up.
preparations to get institutions on IL
cash basis. and other matters
The report Of the board shows that.
under the law creating it a survey of
the educational institutions was made
under the direction of U. S. Commits.
sioner of Education Claxton, assisted
by three prominent educators. y con.
structfve. uniform and systematized
plan Of education has been adopted
Tor the state. assigning to eao! insti.
tuition distinctive line of work, and
eliminating as far as possible consist.
ent with economy and efficiency. un-
necessary and expensive duplication.
'fHE TIMES $1.5o PER YEAR