Eighth Report of the Board of Regents
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In 1886 the two year budget was again estimated. All income deriving from the endowed land was $63,000, approximately one third of the total income.
The Resources of the University (Pp. 89-90)
The regents paid respect to the gifted land from the Morrill Act, giving it credit for one third of the university's income.
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RECEIPTS AND EXPENDITURES
RECEIPTS
Balance in Treasury Nov. 30th, 1884… $56,667.87
Received State taxes… $91,323.91
Interest on University lands sold… $11,370.10
Rental of University lands leased… $7,401.53
Interest on Ind. College lands sold… $19,913.96
Rental of Ind. College lands leased… $21,399.40
Interest on bonds of permanent fund… $2,955.95
Matriculation fees… $1,345.00
Total amount collected… $212,377.72
RESOURCES FOR TWO YEARS FROM NOV. 30, 1866
Rent from University leased lands
(23,762.24 acres)… $7,165.02
Interest from University lands sold
(11,077.19 acres)… $14,128.46
Rent on University lands delinquent one year…. $671.53
(Total:) $21,965.01
Rent from Industrial College lands leased
(50,734.43 acres)… $18,367.58
Interest form Industrial College lands sold
(31,148.96 acres)… $27,429.70
Rent on Industrial College lands delinquent one year…$3,777.60
(Total:) $49,534.88
Interest on bonds held by permanent fund… $3,000.00
Total… $227,368.22
Probably loss in collection of taxes and rental… $12,000.00
Probable income for two years… $215,368.22
THE RESOURCES OF THE UNIVERSITY
The revenues of the University are derived from three sources. Of these, the principal one at present, is a tax of three-eighths of a mil upon each dollar of taxable property in the State. Next in importance is the revenue from land given to the University as an endowment by the State of Nebraska and the United States. The whole amount given was 136,080 acres, and with proper management it ought to become the chief source of revenue. Matriculation fees form the third source of revenue, insignificant in amount as compared with other sources. The financial statements are published biennially, and the latest one accessible is for two years ending with 18845. This shows an aggregate biennial income of $107,384.52. Nearly two-thirds of this was yielded by the State tax, one-third was income from lands, and a small amount was from matriculations fees paid by students.
