Repository: UIHistories Project: Board of Trustees Minutes - 1924 [PAGE 172]

EXTRACTED TEXT FROM PAGE:

1923]

UNIVERSITY OF ILLINOIS AUDIT REPORT

169

April 30, 1923 President, Board of Trustees, University of Illinois, Urbana, Illinois Dear Sir: W e have audited the Cash Receipts and Disbursements of the University of Illinois for the quarter ending March 31, 1923, and certify that the Receipts and Disbursements as embodied in the report of the Comptroller for that period, are in accordance with the books and in our opinion are correct. Yours faithfully, Arthur Young & Company A r l 6, 1923 pi To the Board of Trustees of the University of Illinois: I present herewith the Quarterly Report of the Comptroller as of March 31, 1923. The report includes the following exhibits: Schedule A—Statement of the Reserve and Contingent Fund The Reserve and Contingent Fund consists of the estimated budget incomes of the University for thefiscalyear ending June 30, 1923, less appropriations made by the Board from this income. The unappropriated balance on March 31, as shown by the Schedule, was $76,383.83. Schedule B — S u m m a r y of Receipts and Disbursements This statement exhibits the receipts and disbursements, for the nine months ending March 31, 1923, of funds in the hands of the University Treasurer, and the disbursements from State Appropriations, including building appropriations. The total balance in the hands of the University Treasurer on March 31 was $9,10,587.77, and in State appropriations $1,796,016.96. These, however, were cash balances and not unencumbered balances. A n analysis of the receipts of the University Treasurer follows. (Schedule C ) Schedules D to M inclusive—Statements of appropriations These statements show the condition of all appropriations made by the Board for all purposes for the currentfiscalyear. Balances, as shown, represent the unencumbered balances after allowing for all orders and contracts outstanding, and for regular salaries payable to June 30, as well as actual disbursements to date. Schedule N—Statement of Stores and Revolving Accounts. This statement shows the operations of the University storerooms, service departments, such as Photography, Printing Shop, etc., miscellaneous revolving accounts, and Woman's Residence Halls. Attention is called to the fact that the balances of the Residence Halls are cash balances in which are included the receipts for room and board paid in advance for the entire current semester. A complete statement of the Residence Halls is shown in Schedule 0 following. Schedule P—Statement of Trust Funds Under the head of Trust funds are included Student Loan Funds, total $55,082.46 Scholarship, Fellowship and Prize Funds, receipts to date $24,656.17 Research Donation Funds received to date $19,943.29 Miscellaneous Deposits and University Organizations' Funds .$142,150 Total Schedule Q—Balance Sheet This is a summary statement of the balances of all funds, including also the valuation of University property and the amount of outstanding indebtedness against property acquired, consisting of: Bonds on Dental Property, Chicago, due 1932 $60,000 Indebtedness on account of properties in College Place, Champaign, etc. 82,150