New-York tribune., 1920-05-09
Columbia Pay
Budget Exceeds
That of Jersey
Total Cost of Maintaining
the University in All Its
Parts for Coming Year
Will Be $6,445,2 ,215.26
Appropriations Listed So
That No Glass of Expendi~
tures Can Be Concealed

Columbia's budget for the year be-
ginning July /, 1920, pictures the uni
versity as huge business institution
rivaling great industrial enterprises
and even state governments. Adop-
tion of the budget, which shows that
the total cost of maintaining the uni
versity in all it's parts during the
coming year will be S6,445,215.26, was
announced yesterday by President
Nicholas Murray Butler.
The working out of the budget can
be compared in its achievements with
that of New Jerseys executive budget
which sets up disbursement of about
SS.000,000 for operating expenses. The
Columbia payroll is greater than that
of the State of New Jersey. Thi.
comparison furnishes comprehensive
idea of the magnitude of the financial
operation of Columbia University.
This years budget is strikingly sig
nificant of the scope of present day
university finance. Total appropriation
for work carried on by the university
corporation itself amount to S4,796,.
S40.16, being an increase Of S496, ,868. Ii
rent year.
Explaining the workings of the sys-
tenn President Butler said that it is
not possible to conceal any class OF
expenditures which may be made from
these appropriations, so minute is the
classification and so complete the
supervision by the committees on edu.
cation, on buildings and grounds anc
on finance.
Annual Audit of Books
The annual audit of the books anc
accounts OF the university made By
certified public accountants. who have
no official relations with the corpor-
alton, again tests the validity and &C
curacy of all items Of income and OF
expenditure
This years budget takes on added
interest in view OF the movement in
Congress to install similar national
system. Columbia's experience has
been freely drawn upon. it was said
by those who are interested in devils
ing Federal budget plan.
Columbla's trustees, who form the
governing body of the institution
which has just given final considera
ton to the budget in their ordinary
ASSOCIATIONS, represent great business
and industrial enterprises and the
professions.
The board, over which Dr.. Butler
as the highest university. executive
presides, includes such men as Willard
V. King, Joseph p. Grace, Newcomh
TaTiton, A. Barton Hepburn, Colonel
" lillian Barclay Parsons, Stephen
Baker, Alfred f. Marling, Frederick
Goykendall, John G. Milburn, John B
Pine, Hermann H. Cammann, NJ. Hart
ley Dodge, the Rev. DR.. William T
Manning, Frederic R. Coudert, Am
brose u. Henry, Arthur S. Dwight
Benjamin B. Lawrence, Herbert L
Satterlee, Walter B. James, Archibald
Douglas, the Right Rev. Charles S
Burch, d. D., Albert W. Putnam ant
Frederick a. Goetze, treasurer of the
university.
Of the total appropriations for the
was announced yesterday, $3,675, ,O57.1e
is set apart for educational admin.
lstratlon and instruction. For the care
OF the buildings and grounds, itsel1
separate department of the univer
S!ty' Soo2,366 is appropriated. Other
appropriations were announced a!
follows. For the library, $147,6 81;
1or the business administration of the
corporation, $112,057; for annuities
$19,840; for taxes and other charges
Sll2,ll5; for interest on the corporal,
debt $27,560; and 100000 for the re
demptlon fund on account of the prin
clpal of the debt.
Distribution of Funds
To these totals, it was explained
must be added the additional amount,
appropriated for next year by Teach
ers College, 1882, ,952.10; by Barnard
college, $237 817; and by the Colleg,
of Pharmacy, SAT 7606; bringing tn,
total cost of maintaining the univer
slty IN all its parts up to $6,445 ,215 .26
Inc budget contains first of all
schedule of the estimated income fo
the year under discussion.
Upon the basis of this schedule. tn,
schedules of expenditure are built
ms particular of the budget fell
normally under four items:
Hchedule A, relating to educationa
admlnlstratlon and instructions; Seized
ule Is, relating to buildings an,
grounds; Schedule c, the library
Schedule d, business administration
Columbia, with total registration
IN all department, including the sum
lner session, extension teaching an,
the rapidly growing home study divi
sion, in which instruction is given tx
students IN practically every state an,
many foreign countries BY mail. ha
an endowment of $33, 100000. TIL
total income of the university from
al sources for the last fiscal year wa
S3,454, ,812.32. and the total expenses
exclusive of provision for redemption
1und, were $3,272, ,507.5S. OF the corpora
tlon's income $l,5l1014.65 was receive,
IN 1eeS from students. Other charge
against students aggregated S22, 1913. sc
From endowment in rents S697 656 /
was received. The income from invest
ments in personal property aggregate,
S93, 20, and the investment of re
demptlon fund represented S35 5,461 AZ
Other university income include,
S444,334.71 from spccial funds; $le9
eoo.I3 from gifts and receipts for des
lgnated purposes; $457, ,37806 from pay
ments by allied corporations, and sri
681oo from miscellaneous sources
making total income of S3.454,S12. .3c
Russia Buys Machinery
l.IONi(llN l..