FINANCIAL STATEMENTS FOR 1962

Transcription

1 FINANCIAL STATEMENTS FOR 1962 I. GENERAL FUND STATEMENT OF INCOME AND EXPENDITURE FOR 1962 EXPENDITURE Salaries and Payroll Charges Salaries 2,783,916 Payroll Tax 71,638 Pensions 29,186 University's Contribution to Provident and Superannuation 149,355 Workers' Compensation Insurance 16,431 Apparatus and Books Apparatus and Laboratory Materials 169,801 Books For the Baillieu Library From the Book Vote 72,623 From other grants 10,722 For Departmental Libraries 12,780 Exami nation s Examiners' Fees 70,676 Exhibitions and Scholarships 1,849 Printing of Examination Papers 12,174 Supervisors' Fees 19,608 Buildings, Vehicles. Grounds (excluding salaries of Maintenance Department staif) Alterations and Fittings 63,357 Furniture and Furnishings 36,767 Gas and Electricity 57,668 Grounds 7,119 Insurance 11,160 Night Patrol Service 3,820 Purchase of Office Machines Purchase of Plant and Vehicles 6,943 Repairs Stores and Window Cleaning 13,289 Vehicle Maintenance 3,649 Water, Oil and Fuel 10, , ,694 INCOME State Government Grants General Purposes 1,394,943 Special Purposes 101,267 1, Commonwealth Government Grants General Purposes 1,463,000 Special Purposes 18,729 1,471,729 Students' Fees Annual Examination 5,636 Certificate and Matriculation 13,277 Clinical and Special Hospital 14,328 Degree 23,826 Dental 14,924 Lecture 815,272 Public Examination 189,378 Registration 72,418 Sports, Union, S.R.C 110,686 1, Other Income Administration Charges 7,291 Donations 29,026 Hire of Microscopes and Laboratory Fees.... 6,229 Interest and Rents 6,178 Income from Trust and Other 48,033 Sale of Publications 6,950 Testing and Service 8,644 Other Income 1, ,468 Total Income 4,340,042 General Fund Deficit 21,353

2 General Expenses Advertising Cartage Hire and Rent Laundry Printing, Stationery and Stamps Telephones Travelling Expenses Travel Grants Overseas Leave New Appointments Other General Expenses Special Votes and Transfers Affiliated Bodies (for fees collected by the University) Australian College of Dentistry Research Conservatorium of Music Other Special Votes 11,113 4,619 20,127 6,742 93,861 26,321 19,085 19,032 33,634 19, ,662 63, ,000 31,005 70, , ,020 4,861,396 4,361,396 ACCUMULATED GENERAL FUND DEFICIT Balance at 1/1/ ,108 Deficit for ,353 Balance at 31/12/ ,461 The Agriculture Fund was incorporated into the General Fund from 1/1/62.

3 II. COMBINED STATEMENT INCOME (Being the Total Income of the General, Special and Trust for 1962) SECTION A (Income other than donations to increase endowments and income to Building ) State Government Grants General Purposes Special Purposes Commonwealth Government Grants and Reimbursements 05 General Purposes ^ Special Purposes Students' Fees Lecture Annual Examination Clinical and Special Hospital Degree Dental Education and Law Review Matriculation Registration Sports Students' Representative Council.. Union Total 1,685,728 1,797,604 1,098,486 Sub-Total 1,394, ,785 1,453, , ,851 5,636 14,328 23,826 14,924 1,947 8, ,854 14,350 68,382 General, Murray and Conservatorium 1, ,257 1,453,000 18, ,851 5,636 14,328 23,826 14,924 8,969 72,418 27,854 14,360 68,382 General Accounts Research 106, ,671 Other 78,354 44,204 1,947 Research Trust Accounts Exhibition and Bursary Other d o 5 Public Examination and Certificate Fees Certificates Music Examination Public Examination 212,784 4,308 19, ,378 4, ,098 Interest and Non-Capital Donations Donations (other than for new buildings or increasing endowments) Interest, Income from Trustees and Gains on Investments (other than for Building ) Dividends Rent 590, , ,995 10,384 13,592 29, , ,446 4, ,161 5,438 7,010 10,033 55, ,304 13,663 25,896 77,353 9,

4 Concert and Repertory Company.. Income from the Provision of Testing Laboratory and Hire of Apparatus Fees Proceeds of Staff Superannuation 216,802 54,142 26,548 40,820 22,044 27,623 10,660 34, ,644 6,229 7,061 2,938 9, ,106 25,873 22,391 16,780 3, , ,992 (excluding Interfund Transfers) 5,601,739 4,324, , ,700 66,430 16, ,267 Transfers from Trust (including Interfund Transfers) 290,665 5, , ,169 3,260 71,440 8,907 5,889 31,005 49,735 4,276 4, ,882 14, ,859 26,443 2,697 7, , , , , ,498 s SECTION B Commonwealth Government Grants.. Loans for the Dental Hospital Building 1,812, , , , , ,260 33, , , ,475 41,028 15,298 11,600 6, , ,250 33,067 90,121 H 989,365 8,818, ,365 4,416, , ,762 2,472,165 15,306 93, , ,814 SUMMARY OF SECTION A INCOME (excluding Interfund Transfers) 1961 State Government Grants 1,402,369 Commonwealth Government Grants and Reimbursements 1,508,836 Students' Fees 1,037,716 Public Examination and Certificate Fees 179,352 Interest and Non-Capital Donations 546,766 Other Income 199, ,728 1,797,604 1,098, , , , % % ,873,730 5,

5 II. COMBINED STATEMENT EXPENDITURE (Being the Total Expenditure of the General, Special and Trust for 1962) General Accounts Trust Accounts SECTION A (Expenditure other than the Building items shown in Section B) Salaries and Payroll Charges Salaries: Teaching Staff Research Officers Departmental Clerical Staff Laboratory and Testing Staff.. Library Staff (other than cleaners) Central Administration Staff.. Public and Music Examinations.. Cleaners and Caretakers Gardeners Maintenance Department Staff.. Repertory Company Salaries Summer Schools and Extension Lecture Salaries Other'Salaries Research Scholarships Pensions Payroll Tax University's Contribution to Provident and Superannuation Workers' Compensation Insurance.. Apparatus and Books Apparatus and Laboratory Materials.. Repairs to Apparatus Books and Music Examinations Examiners' Fees Exhibitions and Bursaries Printing of Examination Papers.. Supervisors' Fees Total 8,766, , ,789 Sub-Total 1,837, , , , , ,854 34, ,996 7,346 76,805 39,436 12,328 16,816 3, ,186 32,725 84, ,910 15, ,136 6, ,931 76,410 20,476 12,174 20,729 General, Murray and Conservatorium 1,808,600 3, , , ,864 32, ,976 7,346 74, ,138 2,847, , ,929 16, ,970 3,831 96,417 70,797 1,849 12, Research 207,856 3,635 85, , , ,375 6,244 4, ,068 2,338 5,697 Other 28,799 Cr ,325 74, ,571 6,735 1,145 38, , ,216 4,460 5, , ,104 5,606 8,686 1,221 Research 4,971 4,619 9,490 10, , Exhibition and Bursary ,041 Other , «< M cn n S5 g

6 Buildings, Vehicles and Grounds... (excluding Maintenance Department salaries) Alterations and Fittings Furniture and Furnishings Gas and Electricity Grounds Insurance Night Patrol Service Purchase of Plant and Vehicles.. Purchase of Office Machines Repairs Stores and Window Cleaning Vehicle Maintenance Water, Oil and Fuel General Expenses Advertising Audit Fee Cartage and Freight Hire and Rent Laundry Printing and Stationery Stamps Telephones Travelling Expenses Travel Grants New Appointments.. Overseas Leave Other Expenses Special Grants Affiliated Bodies for fees collected by the University Dental College Grants Other Grants and Transfers Interfund Transfers Administration Charges Transfers to General Fund Conservatorium Fund Research Trust Other Section A Expenditure (including Interfund Transfers) SECTION B New Buildings Cost of Erection Equipment and Furniture Surroundings Apparatus charged against Building 326, , ,666 5,804,207 1,571, ,213 61,681 60,708 7,436 11,671 3,820 10,204 10,725 35,611 14,454 6,437 11,162 18,730 2,936 6,713 39,939 6, ,203 18,699 31,998 39,717 37,004 36,606 32, ,662 68, ,033 36, ,920 6,603 36,337 6,804,207 1,537,948 22,972 1,664 9,369 64,968 36,120 68,146 7,119 11,184 3,820 6,943 8,469 31,197 13,660 3,649 10,665 11,650 2,935 4,682 20,186 5,763 78,966 15,941 30,704 19,142 33,636 19,033 16, ,662 63,137 37, , , ,448 4,466,326 8,406 16,964 2, , , , ,969 1,653 1, , , ,465 7,469 1, ,794 1,278 1, , , , ,402 2, ,618 1,645 9,604 13,783 13,167 1, , ,621,492 22,972 1,654 1,369 2,000 1,786 4,346 13, , ,826 6, , , , ,329 1,237 43,070 2, ,192 84,837 1,318 en H > M H u

7 121, ,477 4, ,477 4,658 Major Alterations to the Veterinary Re- Payments to the Dental Hospital towards the cost of the new Dental Building.. Repayments of Principal and Interest in connection with Dental Hospital Loans 9, ,245 70,690 9, ,246 70,690 9, ,246 70,690 CD o 989,365 9,053, , ,651 4,464, ,038 30,613 2,638,183 64,052 11, ,367 1,044,622 Totals excluding Interfund Transfers SECTION A 6,513,642 SECTION B 2,260,079

8 III. STATUTORY ACCOUNTS (These funds although included in the Combined Statement are published separately to fulfil statutory requirements) STATEMENT OF INCOME AND EXPENDITURE FOR 1962 Section 34 Extension Section 34 Research Veterinary and Milk Conservatorium Fund M.E.B. Fund oo INCOME State Government Grants Commonwealth Government Grants Donations Grants from General Fund.. Hire and Rent Income from Trust Lecture Fees Public Music Examination Fees.. Testing Fees Transfer from M.E.B. Fund.. Other Income Total Income 2, , ,480 2,100 2,100 62, , , ,229 5, , ,289 30,680 3,689 1, ,381

9 O oo to EXPENDITURE Departmental Salaries Charges for Maintenance Department Salaries University's Contribution to Provident and Superannuation Payroll Tax Administration Charges ' Advertising Alterations Apparatus Books and Music Examiners' Fees Exhibitions Furniture and Furnishings Gas and Electricity Laundry Printing and Stationery Profit on Special Courses transferred to other Departments and Institutions Repairs Research Scholarships Stamps Stores and Window Cleaning Supervisors' Fees Telephones Transfer to Conservatorium Fund Transfer to M.E.B. Joint Account Travelling Expenses Tuning and Repairs to Instruments Water, Oil and Fuel Other Expenses Total Expenditure Surplus for , , ,048 2,100 42, ,699 1,067 1, , , ,229 63, ,574 1, , , , , , ,381 > r M o 6,480 2,100 63,229 75,174 19,381

10 IV. STATEMENT OF BALANCES AT 31st DECEMBER, 1962 GENERAL ACCOUNT M Bank Overdraft and Creditors 616, ,201 Cash and Debtors Overdrawn Special Advances (Including 222,604 relating to new buildings and 478,111 to properties pur , , , ,709 1,046,900 1,299,609 1,299,609

11 TRUST ACCOUNT OS 00 Trust at 31/12/U62 3,188,641 Face Value Book Value Inscribed Stock 158,390 City of Melbourne 168, ,790 Commonwealth Government 300,780 80,700 Geelong Waterworks & Sewerage Trust , Grain Elevators Board ,896 Melbourne and Metropolitan Board of Works.. 291,961 84,700 Melbourne and Metropolitan Tramways Board 34,700 78,506 Melbourne Harbor Trust ,100 State Electricity Commission 896,937 Debentures 100 City of Coburg 72 4,900 Gas and Fuel Corporation 4, State Electricity Commission 97 Debenture Stock 600 Australian Aluminium Co. Ltd Australian Paper Manufacturers Ltd ,000 Broken Hill Pty. Co. Ltd 35,000 10,000 Bulkships Ltd 10,000 3,100 Clyde Securities Ltd 3,100 6,100 Commercial and General Acceptance Ltd ,100 26,760 Custom Credit Corporation Ltd 26, Electricity Meter and Allied Industries Ltd Felt and Textiles of Australia Ltd ,000 Finance Corporation of Australia Ltd 21, Gas and Fuel Corporation 86,125 7,000 General Credits Ltd 7,000 16,000 James Hardie Asbestos Ltd 16,000 8,200 Industrial Acceptance Corporation Ltd 8, Fixed Deposit in H. C. Sleigh Ltd ,720 Shares in Companies 105, ,635 Mortgages 449,635 14,857 Properties Rented 14, ,552 Under Contract of Sale 123,652 1,100 Commonwealth Government Special Bonds.... 1,100 3,730 State Savings Bank Deposit Stock 3,730 Loans to the Short Term Money Market secured by Commonwealth Government Stock inscribed in 393,600 the name of the University 393,600 3, ,167,461 State Savings Bank of Victoria 7 National Bank of Australasia Ltd 31,173 8, ,188,641

12 SAMUEL GILLOTT UNIVERSITY PROVIDENT FUND STATEMENT OF INCOME AND EXPENDITURE FOR 1962 EXPENDITURE Pensions Paid and Accrued Payments under Section 17 Withdrawals Contributions Refunded. Interest on Cancelled Assurance Policies Interest on Refunded Contributions,.. Incidentals Surplus Transferred to Accumulated Fund , , , ,319 INCOME Contributions University Members Cash Members Charged on Assurance Policies 28,019 1,982 Gain on Redemption of Investment Interest On Investments On Contributions Charged against Assurance Policies.' 44,846 30,001 60,907 1,896 74, , ,319 > a H to

13 BALANCE SHEET AS AT Slst DECEMBER, 1962 OO 05 Current Liabilities National Bank of Australasia Ltd 880 Pensions Accrued 31,561 Sundry Creditors 1,149 Accumulated Fund Balance at 1/1/62 928,410 Add Transfer from Income and Expenditure Account 98,925 33,040 1,027,335 1,060,375 Current Assets Accrued Interest 16,434 Sundry Debtors 103 Investments Inscribed Stock City of Melbourne 7,351 Commonwealth Government 47,321 Geelong Harbour Trust 12,600 Geelong Waterworks and Sewerage Trust..., 4,000 Grain Elevators Board 2,000 Melbourne and Metropolitan Board of Works.. 98,186 Melbourne Harbour Trust 44,495 Melbourne and Metropolitan Tramways Board 16,800 State Electricity Commission 304,701 Debentures Ararat Sewerage Authority 7,000 Barnawartha Waterworks Trust 4,314 Benalla Sewerage Authority 9,016 City of Moorabbin 13,063 Country Fire Authority 6,482 Dental Hospital Loan Debenture No ,626 No ,301 No ,000 No ,000 Gas and Fuel Corporation 23,677 Kyabram Sewerage Authority 12,090 Mt. Martha S.E.C. Reducing Loan 241 Traralgon Sewerage Authority 4,605 Warragul Sewerage Authority 4,267 Walwa Waterworks Trust 4,794 Debenture Stock Australian Aluminium Co. Ltd 24,997 Australian Guarantee Corporation 10,000 Bulkships Ltd 15,000 Clyde Securities 3,000 Colonial Gas Holdings 12,600 Commercial and General Acceptance Corporation 15,000 Ducon Condenser Pty. Ltd 12,000 Esanda Ltd 10,000 Industrial Acceptance Corporation 16,000 John Fairfax 34,913 Regent Motors (Holdings) Ltd 6,000 Union Carbide of Australia Ltd 46,000 Assurance Policies 15, ,040 46,798 1,060,375

14 VI. STUDENTS' LOAN FUND STATEMENT OF INCOME AND EXPENDITURE FOR 1962 Administration Charge Legal Expenses Bank Charges EXPENDITURE 1, INCOME Interest on Loans Interest on Investments Gain on the maturity of Investments 2,144 1, Surplus transferred to Students' Loan Fund 1,019 2,695 3,714 3,714 OO -4 Sundry Creditors Students' Loan Fund Balance at 1/1/ Plus Surplus for 1962 BALANCE SHEET AS AT 31st DECEMBER, ,874 2, ,669 Current Assets National Bank of Australasia Ltd. Accrued Interest 8,094 Investments Commonwealth Government Inscribed Stock (Face Value 31,200) Loans Balance at 1/1/ ,396 Loans granted during ,394 Interest charged during ,144 3,433 30,191 I 103,698 Less Repayments during ,933 10,959 69, ,698

15 VII. MELBOURNE UNIVERSITY PRESS OPERATING STATEMENT FOR 1962 Income Publications 94,971 20,097 Printing 66,478 Bookroom 168,563 Total 330,012 20,097 Total less Inter- Departmental Transfers 293,991 20,097 Expenditure 115,068 62,276 19,519 18,336 8,677 66,478 21,424 36,675 7, , ,916 23,068 6, , ,616 78,262 18,336 21, , ,939 78,262 18,336 19, ,808 6,260 64,235 2, , ,134 17, ,113 17,976 BALANCE SHEET AS AT 31st DECEMBER, 1962 Current Liabilities National Bank of Australasia Ltd. Sundry Creditors Suspense Capital Balance 1/1/ Add Net Profits for 1962 Less amounts charged to Capital in ,117 46, ,602 17,975 22,677 4, ,783 18,351 Current Assets Cash in hand and at Bank Stamps (Including franking machines).. Sundry debtors and prepayments..... University of Tasmania (sale of Bookroom) Stock and Work in Progress Accrued Income Fixed Assets Furniture, Equipment and Improvements Less Provision for Depreciation 1, ,931 7, , ,023 14, ,202 46, , ,134

16 VIII. MELBOURNE UNIVERSITY UNION CATERING TRADING ACCOUNT FOR 1962 OS OO CD EXPENDITURE Cost of Goods Sold or Used Salaries, Payroll Charges and Provident Fund Other Expenses Surplus Transferred to Income and Expenditure Account.. 79,109 57,903 13,798 29, ,406 Sales Catering General Entertainments SHOPPING CENTRE TRADING ACCOUNT FOR 1962 INCOME 132,042 48,363 g 180,406 p 180,406 J"!> Surplus transferred to Income and Expenditure Account... 36,726 3,992 6,181 M H on 45,899 46,899

17 INCOME AND EXPENDITURE ACCOUNT FOR 1962 o CO EXPENDITURE Salaries, Payroll Charges and Provident Fund Depreciation Fuel, Light and Power Repairs and Replacements Stores, Cleaning and Laundry General Expenses Grant for Orientation Handbook Union Council Activities Fund 2,481 Administration 1,127 Literary Grants 300 Total Expenditure Operating Surplus on Union carried down o Loss on Trading and Service Activities Union Exchange 397 Barber Shop 234 Loss on Theatre Operations Surplus Transferred to Appropriation Account 19,677 1,216 2,889 2,726 2,735 5, ,908 39,074 33,456 72, ,104 77,529 Fees Hoods and Gowns Hire Billiards Lockers Rent of Rooms Rent of Flat Sundry Receipts INCOME Operating Surplus on Union brought down Income from Trading Activities Catering 29,595 Shopping Centre 6,181 Interest and Gains on Investments 8,297 68,345 1, , ,630 33,466 44,073 77,629 APPROPRIATION ACCOUNT Transfers to Surplus Transferred from Income and Expenditure Account 76,104 Balance of Surplus Transferred to Accumulated Fund.. 2,160 73,964 76,104 76,104

18 BALANCE SHEET AS AT 31st DECEMBER, 1962 Current Liabilities Sundry Creditors Reserves and Provisions Union and Catering Equipment 15,119 Gift Collection 1,630 Life Members* Subscriptions 1,018 Provision for Long Service Leave 6,545 Accumulated Fund Oj CD Balance as at 1/1/1962 Transfers from Appropriation Account 328,703 73,954 17,270 24, , ,139 Current Assets Cash at Bank 3,482 Prepayments 1,395 Stock on Hand 7,785 Sundry Debtors 14,964 Investments (Face Value 198,460) Fixed Assets (At Cost or Valuation) Furniture and Fittings 28,293 Less Depreciation Provision 14,722 Plant and Equipment 49,119 Less Depreciation 24,986 13,571 24,133 Hoods and Gowns 985 Less Depreciation Provision Gift Collection 1,630 Building Extensions including Theatre Seating and Floor Coverings 27, ,655 39, , ,139

19 IX. RECREATION GROUNDS COMMITTEE STATEMENT OF INCOME AND EXPENDITURE FOR 1962 Salaries and Payroll Charges Payroll Tax Sports Club Expenses EXPENDITURE 7, , ,312 5,677 10, ,643 Fees Squash Court Rentals (Net). INCOME OS CD to Current Liabilities Accumulated Fund Balance 1/1/62 26,464 1,841 28,295 BALANCE SHEET AS AT Slst DECEMBER, ,080 23, ,841 33,064 25,275 Current Assets Fixed Assets (at valuation) 31/12/42 plus additions at cost 1, ,633 3, ,295 1,803 n w a r i ; 58,329 1,060 57,279 83,279 6,182 27, ,987 24,061 67,279

20 X. SPORTS UNION STATEMENT OF RECEIPTS AND PAYMENTS FOR 1962 Balance at 1/1/1962 Trust Account 426 General Account 401 General Receipts R.G.C. Grant 550 Blues Ties 271 Blues Dinner 200 Subscriptions and Fees.. 70 Donations ".. 25 Interest on Investments 24 A.U.S.A. Ties 3 Received on behalf of R.G.C Reimbursement of payments made on behalf of R.G.C Trust Receipts Balance at 31/12/1962 General Account (Overdraft) 571 Less Trust Account , ,286 General Payments Purchase of Investments 500 Blues Ties 476 Blues Dinner 344 Entertainment 276 Affiliation Fees 249 Printing, Stationery and Stamps 199 Travelling Expenses 99 Other Expenses 13 Transfer of amounts received on behalf of R.G.C Trust Payments 2, ,286 s H > a s w z H to

21 XI. MEDLEY HALL STATEMENT OF INCOME AND EXPENDITURE FOR 1962 EXPENDITURE Salaries and Payroll Charges Provisions Gas and Electricity Repairs Provision for Replacement of Equipment and Furniture Other Expenses Surplus transferred to Reserve for Repairs 6,139 3,947 1,306 1, ,621 1,021 Fees- Board and Residence Entrance INCOME Commonwealth Government Grant.. Grant from University Other Income 11, ,770 2, ,542 16,642 BALANCE SHEET AS AT 31st DECEMBER Current Liabilities Sundry Creditors Deposits Rent Prepaid Special Donations held for establishment of library.. Provision for Replacement of Equipment and Furniture Reserve for Repairs 2, , ,073 8,163 9,927 Current Assets Cash in Hand National Bank of Australasia Ltd Accrued Rent Accrued Interest on Investments Stocks in Hand Prepayments Investments Fixed Assets Furniture, Fittings and Equipment at cost Contribution towards purchase cost of freehold (66 Drummond Street) * Includes 3,062 provision for the replacement of furniture and equipment made available by the Government of Victoria. 61 3, ,896 1,678 2,300 2,053 9,927

22 XII. INTERNATIONAL HOUSE STATEMENT OF INCOME AND EXPENDITURE FOR 1962 co en EXPENDITURE Salaries and Payroll Charges 16,691 Provisions Fuel, Electricity and Gas 2,904 Rent Equipment and Furnishings 1,220 Repairs and Alterations 1,514 Other Expenses 2,801 32,497 INCOME Fees Board and Residence Heating, Fuel, etc. Tutorials Enrolment Commonwealth Government Grant Grant from University Other Income Deficit 20, , ,676 3,380 2, ,901 3,696 32,497 B S PI z H to AUDITOR-GENERAL'S CERTIFICATE In accordance with the provisions of the University Act 1968, the accounts for the year ended have been audited. In my opinion, the summaries of accounts numbered I to XII Slst December, 1962, are true and correct. 24/12/1963. (Signed) R. W. GILLARD, Auditor-General.

23 Library Digitised Collections Author/s: University of Melbourne Title: University of Melbourne Calendar 1964 Date: 1964 Persistent Link: File Description: 19_Financial Statement for 1962 Terms and Conditions: Terms and Conditions: Copyright in works deposited in the University of Melbourne Calendar Collection is retained by the copyright owner. The work may not be altered without permission from the copyright owner. Readers may only, download, print, and save electronic copies of whole works for their own personal non-commercial use. Any use that exceeds these limits requires permission from the copyright owner. Attribution is essential when quoting or paraphrasing from these works. Terms and Conditions: To request permission to adapt, modify or use the works outside of the limits of these terms and conditions, please complete the permission request form at: