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94 SOUTHERN BAPTIST CONVENTION<br />

STATEMENT OF INCOME AND EXPENDITURES—CURRENT FUND<br />

For the Year Ended December 31, 1945<br />

General Income<br />

Southern Baptist Convention $76,956.03<br />

Interest Received 250.00<br />

Total General Income S77.205.03<br />

General Expenditures<br />

Prorata Contributions to Seminary:<br />

Salaries—Teachers, Officers, Stenographer $7,212.50<br />

Equivalent to Funds Raised by N. B. C 5,526.87<br />

Salaries—Bookkeeper<br />

Legal <strong>and</strong> Audit Fees<br />

Insurance Premiums<br />

Telephone Expense<br />

Transfer to Student Aid Fund<br />

Miscellaneous Expense<br />

Maintenance <strong>and</strong> Repairs<br />

Travel Expense<br />

Farm Produce<br />

Total General Expenditures<br />

General Operating Income<br />

Capital Expenditures<br />

New Water Main<br />

Cafe <strong>and</strong> Book Store<br />

Nesv Heating Plant<br />

Concrete Walks<br />

Architect <strong>and</strong> Survey fees<br />

Total Capital Expenditures<br />

General Income—Net<br />

Farm Income<br />

Sale of Farm Products<br />

U. S. Treasury for Liming Farm .<br />

Farm Produce Used by School <strong>and</strong> Farm<br />

Total Farm Income<br />

Farm General Expenditures<br />

Seed, Feed, <strong>and</strong> Fertilizer $6,328.36<br />

Farm Wages 2,734.26<br />

Student Help ....: 1,928.84<br />

Rent 145.00<br />

Farm Produce 3,039.93<br />

Auto <strong>and</strong> Truck Expense 71.60<br />

Farm Maintenance <strong>and</strong> Repair 3,523.55<br />

Veterinary Expense 158.50<br />

Miscellaneous Expense 116.98<br />

Total General Expenditures $18,047.02<br />

12,739.37<br />

360.00<br />

150.00<br />

1,101.72<br />

26.28<br />

261.15<br />

208.72<br />

2,908.27<br />

141.51<br />

6,912.65<br />

$14,431.73<br />

5,358.98<br />

:.:. 488.06<br />

820.40<br />

360.00<br />

$ 848.88<br />

145.02<br />

9,952.58<br />

$10,946.48<br />

Farm Capital Expenditures<br />

Labor <strong>and</strong> Materials—New Barn 4,492.03<br />

Additional to Tenants House 1,212.04<br />

Equipment 379.85<br />

Electric Wiring 299.90<br />

Fencing 39.63<br />

Registered Boar 50.00 6,173.15<br />

Total Farm Expenditures 2),520.!'<br />

24,809.67<br />

$52,395.36<br />

24,459.17<br />

27,936.19<br />

Net Farm Expenditures $13,573.99<br />

Excess of Income over Expenditures—<br />

Current Fund 514 362.20

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