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for prior dates.  The continued growth of the Institution's Trust Funds may be seen from these figures, which indicate a strong financial position.  Agency funds show a substantial increase over the past year, due to (1) a buildup in the balances of Reading is Fundamental, and (2) a reclassification of Woodrow Wilson Center funds to agency status, which more properly reflects the Center's independence from other Smithsonian activities.

At the Regents Executive Committee meeting (December 30, 1977) it was reported that admission fees at NASM film theatre and spacearium were largely responsible for the substantial increase in Special Purpose Funds' "Sales and Other Revenue" in FY 1977 (Exhibit C) and that these fees were cut in half on July 1, 1977, from the original amounts (Adults - $1.00; Children - 50¢) since Johnson Wax Company had agreed to pay for a second film and since the reserve for such a replacement film had already been built up to a substantial figure ($900,000 on September 30, 1977, compared to $750,000 cost of original "To Fly" film, and an estimated $1,500,000 for the Johnson Wax replacement film).  The fees also cover the cost of necessary attendants at the theatre, but additional transfers from the film theatre and spacearium operations are budgeted at about $300,000 for FY 1978, to bring the film replacement reserve to $1,200,000 by September 30, 1978.

The Executive Committee of the Regents questioned the policy of reducing these fees rather than maintaining them and transferring the larger net income to the Institution's unrestricted funds for the benefit of other

Transcription Notes:
1.[]indicates a subscript i.e.[1],[11] 2.c refer to cents (can't find the suitable symbol)