Tenth Report of the Board of Regents
Again it can be seen that the university's income continued to grow as the interest on the invested funds continued to grow exponentially.
Estimated of the biennial income 1891-2, and of necessary expenses of the University for the same period, as adopted by the Board of Regents Dec. 19, 1980.
Cash on hand Nov. 30, 1890, per report State Treasurer… $ 47782.65
Land rentals and sales (interest) University and Ag. College… 75000.00
Tax levy for 1890 (actual)… 69285.00
Tax levy for 1891 (estimated)… 73125.00
Interest on bonds and miscellaneous receipts 10000.00
Less balance of legislative appropriation 1889… 3255345
Total available… $242639.20