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Caption: Board of Trustees Minutes - 1926
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424 board of trustees [October 23 REPORT OF ACCOUNTANTS ON MEMORIAL STADIUM FUND (15) The Comptroller transmits the audit of the accounts of the Memorial Stadium by Arthur Young & Company, accountants. This report properly comes to the Board because the Board has been acting as custodian and trustee of this fund. October 2, 1925 President David Kinley, University oj Illinois Dear President Kinley: I transmit to you herewith the audit report of Arthur Young and Company, accountants, covering the Memorial Stadium Fund for the year ending June 30, 1925. The Comptroller's report referred to appears on page 376 of the minutes of July 28th. Cordially yours, Lloyd Morey Comptroller September 15, 1925 Board of Trustees, University of Illinois, Urbana, Illinois Dear Sirs: W e have audited the accounts of the Memorial Stadium Fund of the University of Illinois for the year ending June 30, 1925, and certify that the statement of the Fund appearing in the Comptroller's report for the year ending June 30, 1925,1 is correct. A statement of the Receipts and Disbursements for the year follows: Cash Balance July 1,1924 $ 200663 Receipts: Subscriptions and Donations including interest $228 516 70 Loans from Athletic Association 250 000 00 Refund of Expenditures— Office Collection Expense 12 690 85 Total Deposits in Bank 491 207 55 Total Receipts and Balance $493 214 18 Disbursements: Construction Expense $417 562 47 Collection Office Expense— July-June Refunded $11 541 09 June to be refunded by Athletic Association 753 n 12 294 20 Donations Refunded 11500 Loans from Athletic Association repaid. 47 500 00 Total Warrants Drawn 477 471 67 Cash Balance June 30,1925 $15 742 51 The Cash balance at June 30, 1925, was verified by a letter received from the Deposita^y., The records and accounts were found to be well kept and in good order. Yours faithfully, Arthur Young & Co. This report w a s received for record. •See Minutet of July meeting, p. 376 'First National Bank of Champaign.
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