138 TWENTY-THIRD ANNUAL YEAR BOOK— PART III. 



one-half the cost of permanent booths under the grandstand for the 

 Board of Control exhibit. The other minor items cover permanent im- 

 provements to numerous buildings and are set out in detail in the state- 

 ment attached. 



SUMMARY 



The balance on hand December 1, 1921, was $24,060.02; the receipts 

 from sources other than fair, $11,915.82. the receipts of fair, $313,259.49, 

 and the grand total receipts $349,235.33. 



The disbursements were as follows: Expense other than fair, $12,- 

 900.64; maintenance of grounds and buildings, $16,992.66; additions and 

 permanent improvements $18,501.75; expense of fair, $266,275.11, making 

 the grand total disbursements $314,670.16, leaving a balance on hand No- 

 vember 30, 1922, of $34,565.17. 



The profit from the operation of fair was $46,984.38. From this there 

 should be deducted the expense of maintenance, $16,992.66, leaving a net 

 profit of $29,991.72. There was also expended for improvements on the 

 grounds during the past year $18,501.75. Deducting this amount from 

 the net profit of the fair leaves a surplus from this year's business of 

 $11,489.97. 



