# LCMS Convention Proceedings_St. Louis Missouri_1944_S556
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

Report of Board for Higher Education 557

regret that it was found possible to prepare an analysis of these:
for only two of Synod’s institutions, Bronxville and Milwaukee.

ertaking. This was true even in the case of Bronxville, where.
e financial records were in excellent condition and where a trained
iccountant acts as a bursar. At most of the other institutions the
1ecessary information simply is not available to undertake an analysis
‘costs which would be sufficiently reliable to justify the work or
which would be comparable from school to school. The analysis,
therefore, had to be restricted to the two institutions named above. -

Reclassification of the accounts at Bronxville was done with the
ert assistance of Mr. Henry Siebern, C.P.A. For purposes of ,
nalysis, costs were broken up into the following functions:
1...Teaching costs (including teaching salaries, laboratory supplies,
eneral teaching supplies, and equipment for classwork.)

Overhead costs of instruction (including administration, library,
lant operation and maintenance).

*.3. Dormitory costs.
“4, Cost of meal services.

"Expenditures may best be compared’ from school to school by
educing them to the amount per full-time student enrolled or, in the
case of meal services, to the yearly cost per student served or to the
cost per meal day. Such ‘unit costs are supplied for the two institu-
igns. .

“The cost analyses were conducted according to the general scheme
uggested for colleges in Financial Reports for Colleges and Universi-
ties, by Lloyd Morey et al., University of Chicago Press. This is the
standard guide for accounting procedures for institutions of higher
learning, and its methods have been adopted by practically all colleges .
and universities.

Since the identical procedures were used for computing the costs: .
t these two institutions, the analyses are definitely comparable.
This is particularly true because both institutions had almost identical
“idormitory enrollments (159-157) and served approximately the same
umber of students in the dining hall (173-169). Total full-time.
nroliment showed a slight variation (221-182). Consequently the
nit costs of instruction are slightly favorable to Milwaukee.

Total Anstructional Costs

’. When comparing the total current instructional costs, it must be ~
épt in mind that Milwaukee had but a single curriculum, the pre-
eological, whereas Bronxville, had multiple. ‘curricula to serve also
the non-theological student. The total instructional costs for the two
"institutions are almost the ‘same—$46,245 and’ $48,314: