Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-12-23
BUDGET REPORT
OF UNIVERSITY
LACKS DEFICIT
Institution Shown To Be On
Sound Financial Basis
and Many Improvements
Are Noted.

The brief but complete budget
report of the state university at
albuquerque has been prepared
and copies are being transmitted to
the governor as required by law.
While it is true that the uniyer-
sity is requesting $23O.50O worth
of new buildings and permanent
improvements, 1T is a mistake Tor
any one to assume that the state
university is now operating Win
deficit. President David spence
Hill said last night. Under the
management of the present poafd
of regents the university during
the past year has cleared up us
outstanding obligations and mas
closed the fiscal year with enlarged
facilities and with expenditures
within its budget allowance, Dr.
Hill said, This showing of et-
ficiency has been made possible IN
part by gifts and funds received
from sources other than from pub
lie taxation, he explained.
Institution on Sound Basis.
The report that is being sent to
the governor contains the follow
ing brief statement indicating tnat
during the past academic year the
university has been reorganlzed'
improved, and has been conducted
upon sound financial and aca-
demic basis. The statement Is hVe"
fold, as follows
/. The faculty has been im-
proved by the appointment of men
and women bearing credentials OF
graduate training from universities
of Michigan, Chicago, Pennsyl-
vania, California. Illinois. Cornell
2. The university now admits no
preparatory students. It's admis-
sion requirements are fifteen high
school units. The waste in dupli-
cation of high school work and the
false impressions in the public
mind regarding enrolment that
may result from preparatory WORK
in university have thus been re-
moved
3, Codes of student conduct
have been adopted. and the morale
of the institution is now excellent
4, Although funds for salaries
and for improvements are made
auate, nevertheless the university
begins the new fiscal year without
debt.
5. The progress of students and
of faculty during the past year, and
the record of efficient achieve
ment during recent months merit
the attention and support of the
legislature. The university Is an
increasingly good educational in
vestment.
Donations Are Listed.
In addition, an interesting mem
orandum which accompanies the
budget report is that showing the
sources of revenue obtained by
gifts and donations which have
greatly helped the university dur
ing the trying period of the past
year.
Home Economics Project.
Cash contributed by Albuquerque
| citizens, $10,2s176.
Cash contributed by George w
Gensemer of, Pennsylvania, $500
Bills for equipment assumed by
Joshua Reynolds, $4,000. r...
| Health Laboratory.
Cash contributed by George
Kaseman through DIR. c. r. Waller
Estate commissioner of health. $3.50
/ Geological Research.
! Bill assumed for publication OF
Ellis report by George Kaseman
| $500.
From Cooperative Agreements
From nterdepartmental socia
hygiene board. washington. d. G..
7 $4,000.
4 From state department of health
Santa Fe (estimated), $1,000.
Total from sources other thar
state lands and student fees. $24,.
j23176.