1972 Cedarville College Annual Report

GENERAL FUND INCOME STATEMENT July 1, 1971-June 30, 1972 INCOME 1971-72 OUTGO 1971-72 $ 655,899 610,965 Student Tuition and Fees Gifts Auxiliary Enterprises Other TOTAL INCOME $1,397,100 173,066 926,864 23,961 $2,520,991 Administration and General Instruction Library Auxiliary Enterprises Physical Plant Debt Service and Capital Improvements TOT AL EXPENSES 70,228 627,994 186,080 369,825 $2,520,991 STATEMENT OF FINANCIAL CONDITION AU Funds, June 30, 1972 ASSETS Cash Investments Receivables 1971-72 $ 67,361 693,252 311,432 418,409 LIABILITIES & FUND BALANCES Deposits and Payables 1971-72 $ 148,512 1,080,780 1,180,300 3,407,651 Prepaid Expense and Inventory Plant TOT AL ASSETS 4,326,789 $5,817,243 SCIENCE CENTER CAMPAIGN STATUS August 15, 1972 Science Center Goal Total Gifts Received and Pledged Balance needed for Science Center $650,000 541,000 109,000 The construction on the new Science Center began on April 4, 1972. The exterior walls are now completed and in a few weeks the roof will be in place. The use of this lovely new addition is scheduled for the fall of 1973. There is still an opportunity for friends of the college who are interested to participate in the financial support of this project. Approximately $109,000 remains to be raised for the completion of the Science Center. Please designate your gift for this specific fund. Mortgages & Notes Payables Bonds Payable Fund Balances TOTAL LIABILITIES & FUND BALANCES $5,817,243 GIFT INCOME General Fund Science Campaign $171,000 161,097 CEDARVILLE COLLEGE Expresses Appreciation of The Generosity of Those Donors Who Have Contributed One Thousand Doi lars Towa rd Construction of the Library A plaque similar to the one in the campus Library will be displayed in the foyer of the new Science Center to show appreciation to do– nors who have contributed $1,000 or more.