The log cabin Democrat., 1920-06-21
SHOWS EXCELLENT WORK AT NORMAL BIENNIAL AUDIT MADE School Affairs Wisely and Economic ally Managed, Says Report
 Made to Governor.

: State Normal lands, buildings anC
 equipment valued at S364, 800; tht
 entire plant is in good condition; { remarkable record has been achieved in that only S7 1-2 per cent of state funds appropriated during the bien.
 nial period has been used for salary
 other operating costs being done by incidental fees; dormitory space is
 woefully inadequate; the school farm
 has been wisely and economically
 managed and has proved of much value to the dormitory in addition to supplying practical information to classes in agriculture; and financial records of the institution have been kept in excellent shape, it is shown in the report of the audit covering the biennial period from July 1, 1917, to June 30, 1919, made by State Comp | troller Van B. Sims and submitted to i Governor Brough.
 l Unstinted praise is given President E. W. Torreyson, Registrar Guy E.. Smith and the other officers and ad- ministrative heads of the school for the able and economical manner in which it's affairs have been handled. There was expended by the state for this biennial period S192,719.55. Of this, s114,666.40 was expended for the erection and equipping of new administration building The balance, $7S,055.15, is purely operating costs, making an annual net cost to the state of slightly more than S39,000. A point which you will probably notice is that only about 12 1-2 per cent of this operating cost was used for main tenance and upkeep, the other 87 1-2 being used exclusively for salaries of officers and faculty. It seems to me that this is very commendable achievement. The management has been able-without the aid of tuition, which it can not charge-to pay the greater part of its maintenance, up- keep and incidental expenses from its own earnings, thereby releasing the greater part of state funds for the ! instruction of students"
 Assets of the State Normal, as shown on the report of the audit, are summarized in the following items: l Eighty acres of land, S10,000; admin istration building. S110,000; science building, S75,OO0; girls dormitory, s75,000; frame buildings, including training school, barns and poultry and i hog houses, $9,690; heat, water light and sewer systems, s33,600; equip ment in dormitory, laundry and in- i frmary, $5,750; equipment in labora- tories, s2,100; live stock, $4,000; farm ! implements, etc, S860.
 Of the operating costs, the report enumerates the following: Salaries, 1 S68, ,36930 or 87 1-2 per cent; admins trative expenses, $2,649.09 or 1-2 per cent; insurance and repairs, S3,649.54 or 3-4 per cent; fuel, 2,253.10 or I3 per cent; contractual expenses, $1,01412 or 1-2 per cent; typewriter, S70; cost of administration building and furnishings, $114, ,66640.
 State funds from July l, 1917, to June 30, 1919, are accounted for in the audit. Cash funds, from various fees and incidental cash funds, are covered only from September l, 1917 to May 1, 1920, these receipts prior tc
 that time have been handled by the instructors of the various departments
 and not through the business office
 Combined as one account the schoo farm and dormitory fund shows net
 gain for the period of $1,025.82, ant
 a balance on May 1, 1920, of $4,007.24
 From September l, 1917, to May l 1920, the earnings credited this funC
 were $43, ,83067, of which $40,434.0'
 came from board and meals at tn
 dormitory; farm returns, S1,918.8l and an item of $1,477.78 refunded b,
 the state for salaries paid out of thi
 fund when state funds were not avail
 able. The expenditures were: Salarie
 S2,355; food, $21, ,928.27; fuel, light
 water and ice, S3,025.56, cooks an
 walters, s5051.27; farm and gardel P help, $4,836.52; live stock and equip
 ment, s1,263.36, and miscellaneous
 S4,34442.
 T. B. Kitchens, assistant stat
 comptroller, praised highly the man ? ner in which the records are kep ! by MT. Smith. In this commentar on the report as submitted Governo l Brough, MT. Kitchens states that a [ books and accounts are now in goo l shhape, and all funds on hand and l = balance. MT. Sims states that l change in the manner of keepin
 State Normal records was suggeste
 in November, 1918, and has since bee
 followed. "The system provides fc
 trial balances at the end of eac h month for all funds" says the repor n "The registrar has made these regl u larlv. and We are nleased 10 state ths