Fountain

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Then and Now: A Comparative Look at Treasurer's Reports

 1900
September 29, 1900

 TR00
June 30, 2000 

"General Statement of the Receipts and Disbursements by the Treasurer, For the Year Ending Sept. 29, 1900" "Report of the Treasurer For the year ended June 30, 2000"
Summary mentions receipt from a friend of the Institute of a $500 gift, and also notes that "Francis Blake, Esquire, kindly contributed $100 toward the cost of a telescope".
Total gifts = $600.
Gifts to the Institute in FY2000 Total = $357.0 million
Land, buildings and equipment = $1.5 million. Summary describes the purchase of "some fifty-two thousand feet of land bounded by Trinity place, Stanhope street, and Clarendon street....is believed that the purchase is a very wise one in view of the future needs of the Institute." And goes on to offer this disclaimer: "The immediate result, however, of sinking so large a sum of money in unproductive real estate is to diminish our annual income, and we start the new year with a smaller amount of interest-bearing property than we had a year ago." Land, buildings and equipment = $687.0 million. Summary notes that fixed assets increased from the previous year by 52.7 percent. Report provides details of major projects completed and anticipated construction cost estimates.
Uses the term "Sundries" regularly as a category. Does NOT use the word "Sundries" as a category.
Cash balance, Sept. 29, 1900 = $37,831.70
Operating revenues = $347,132.47
Operating expenses = $355,726.01
($8,593.54)
Cash at June 30, 2000 = $62,935,000
Operating revenues = $1,328,284,000
Operating expenses = $1,289,988,000
$38,296,000

 

What a difference 100 years makes!