The foregoing statement shows the deficit on the 1st day of October of this year—the Deficit on the 1 January 1827—the sum required to meet the demands, after the present contracts are completed—and the probable amt to finish the balance of the work, pay all the debts, &c. I consider those estimates quite sufficient—a few days will determine whether the supposed estimate to Dinsmore & Neilson of $10.000 is sufficient or not for Their work, I have not included the sperate subscriptions in this estimate. I have the honor to be with great respect your Obt sevt

A Statement of the Debts and resources of the University on the 1st of October 1826

Debts due to sund[r]y persons as per statement marked A		4.290.12
Proctors draft afloat due at this date		586.75
		4.876.87
To meet which are
Debts due from sundry persons as pr Statemt. B	1.548.08
Balance of Duty fund after paying for the clock & Bel	1.088.46	2.636.54
deficit on the 1st Oct		$2.240.33
On the 1st January there will be due
To the Professors for 4th quarters salary	3.000.00
″ Officers salaries &c as pr statement C	650.—
″ Bonds &c for the hire of Laboure[r]s the present year	904.88	4.554.88
		6.795.21
To meet which are only
The rents of the Hotels for the 4th quarter	300.00
″ due from Prof. Key for rent of Land &c	107.16
″ Rent of Pat: Quinn	15.—
″ Do Thomas Maury the present year car’d over	20.—	442.16
		6.353.05
The demands upon the ensuing year are
For the deficit up to 1 January		6.353.05
″ Salaries of 8 Professors	12.000.00
Ordinary Expences of the Establishment as pr Statement D	2.600.00
″ Fund for repairs &c	750.00	15.350.00
″ Periodical Works & supplies of materials to Professors (supposed)		500.—
due to J. M Perry on 15th May Bond	3429.19
Interest on the same	291.48	3.720.67
″ Supposed amt due to D & Neilson after finishing the Rotunda & anatomical Hall		10.000.—
		$35.923.72
to meet which are the
″ Annuity of 1827	15.000.00
Rent 100 Dormitories a 16$	1.600.00
″ Public buildings a 15$ each for 150 students	2.250.00
″ Rent of 6 Hotels	1.200.00	20,050.00
Amt. required to meet the demands vs the institution the next year		15.873.72
To which add
For the finishing of the steps of the Portico	$1.500
″ all other work after D & Neilsons work is completed on the Rotunda	1.000
for the anatomical Hall exclusive of D & Ns. bill which is included in the above estimate of $10.000	1.000	3.500.00
carried up		$19.373.72
Amt. brought up		$19.373.72
For Venitian Blinds to the Pavilions & Dormitories supposed		2.500.—
″ 6 Smoke houses about 100 each		.600.00
″ Probable cost of an additional & adequate supply of water		1.000.00
The Supposed sum to meet all the demands against the University of Va and complete the unfinished buildi[n]gs		$23.473.72