UA-R-GC-1914-01-01-1929-10-18_Page-064

Appendix E 207 Schedule B 1 THE AMERICAN UNIVERSITY AT CAIRO STATEMENT OF INCOME AND EXPENDITURES Deficit in 1927-28 at June 15, 1928 $39,669.13* Contributions: Designated for 1927-28 Deficit $39,669.13 General Undesignated for 1928-29 68,221.08 Designated „r it 6,200.00 Received in Egypt 271.25 114,361.46 Income: Interest received, etc. 18,661.98 Less: Designated Income remitted to Cairo 771.12 17,890.86 Credit from Cairo representing excess of Assets over Liabilities as of June 30, 1928 1,178.76 133,431.08 93,761.95 Contra to above: Direct Remittances, payments in America and Credits from Bursar at Cairo 96,111.57 Cost of Administration and Interest Charges (Philadelphia) net . 19,553.00 115,644.57 Deficit in 1928-29 Budget, June 15, 1929 $21,882.62** Actual deficit for 1927-28 was $27,854.13 - $11,815 in contributions designated for 1ì27-28 were received soon after the close of the year. **Contributions totalling $22,850 designated for the 1928-29 budget were re-ceived by July 1, 1929, giving a balance on hind of ?,t967,38, instead of the deficit reported at June 15, 1929, as above. The deficit of 1927-28 amount-ing to ?27,854.13 was also wiped out.