New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1920-06-25

appear. There was no need for'a
panic about any deficit.
The Board has received from the
Federal Government funds set up for
special purposes to be expended ac-
cording to Federal regulations. These
funds each year have been proper
lily and satisfactorily expended, the
accounts have been audited by Fed
eral representatives and the Board
commended for its work. These
funds, according to Federal regula-
tons, entail certain necessary expen-
ditures of State funds which could
not be anticipated.
Also, the Board undertook the
teaching of Smith Hughes work on
the information from Federal rep
resentatives, and the State Board of
Education, that the College was the
proper State institution to carry on
the work. This entailed the expen-
diture of State moneys for equip
ment and part of the salary of teach
ers.
The Department known as the
Extension Service of the College is
supported by federal, state and coun-
ty funds, all of which are spent in
the field of service, except the hous-
ing and salaries of the office of the
Director and his offSe employees,
and no part of these funds can be
used by the College in teaching or
experiment work.
The fund known as the State Cen
eral Fund, has been most heavily
burdened by reason of the growth OF
the school. From it the Board must
provide for all administration work,
the teaching of certain subjects not
carried by federal funds, all insur-
ance, heat, light, day labor on farms,
experiments, care and repair Of build
ings and grounds.
The sources of funds from which
the State General Fund is provided
are as follows; The state general
appropriation, income from lands and
the permanent funds of the ~institu-
ton, income from sales OF the Col
lege farm, from part Of the livestock
on the farm, and from board. room
and tuition of students.
Under the fund known as the State
General Fund the Board has received
in the period from July LIST, 1917,
to May 2lst, 1920, the sum OF $425.-
S4.Oo. The Board has expended un-
der this heading the sum of S504,-
9l8o7. leaving a total apparent de
iicit of $8i, 554.58.
To apply against this deficit the
Board has on hand at this time the
sum of S3l,237.M, with a balance due
IN State Land income for the year
1919 of $l4,O0UU; credit of expen-
ditures not authorized by the Board
as yet, Sl3,4S4,0 with an anticipat-
ed income under this fund until No
vember 30th, OF $58,S03.M, making a
total of credits to which the Board
is entitled of S97,SS4. and leaving a
balance 10 the credit of the Board,
with all debts paid, to be expended
between now and Decembr LIST, Of
Sl5,q69.42, Out of the appropriations
made for the fiscal year ending No
vember 20, 1921. the State Treasurer
arbitrarily deducted the sum of So.
10000, and withheld the same from
the College, upon the ground that
this sum had in a previous year been
paid TO the College by mistake, which
sum, added to the Sl5,969.42, makes
a total balance for this fiscal year
of $2s.1b9.42 TO the credit OF the
Board.
During the time this Board has had
charge OF the institution il has re-
ceived from all sources, federal.
state and county, the sum OF ST.
l63!0l0ll which il has expended in
the management of the College. The
accounts have been audited repeat
eddy by Federal agents, and by Moss.
man, Gano and Sippel, public account
ants OF Albuquerque. and found cor
rect and properly supported by vouch-
crs.
The undersigned members Of the
Board of Regents have. therefore.
received with establishment the allie
cations OF a large deficit in the ao-
counts of the College, and feel that
they have been very unjustly accu-
sed of criminal malfeasance in Of
flee. They also deplore the wholly
unnecessary publicity given to these
charges. before any reasonable or
tllOTt UdN btfn Hiduf u
investigate the truth or faisity of
these charges. much to the detrimeni
NJ a valuable state institution. The
great interest of which they have had
constantly al heart 7throu7hout is
greatest crisis and the greatest. pc
Rod OF efficient service To the state
well as through the greatest Girls
is the world has ever seen. They
feel that this earnest. conscientious
service deserved more consideration
AZ Your hands and that the Interests
Of our grand and glorious state, ios-
tered by tiis Institution. deserved
more cors'dcraie unbiased and m
feiligcri action 30 vour hand,
DATED ai Ias Cruccs. New Ncv.
leo ihis 7's' d'v ~ Irne 900
(Silrcd0 C. J.. Hin.
7 z Quescnbcrry.
r z Champion