Repository: UIHistories Project: Board of Trustees Minutes - 1930 [PAGE 611]

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BOARD O F TRUSTEES

[June 1 0

The Income for the quarter under audit has been verified by extensive detail checking and comparison with the files of the Registrar and of the various operating departments. Income on securities was found to have been promptly collected and deposited with the University Treasurer. The accounts of the Chicago Departments and of the Stadium Fund have been audited along the lines indicated above and have been found correct. The records of the meetings of the Board of Trustees of January 7, February 5, and March 11, 1930, as well as of the meeting of the Executive Committee of the Board of Trustees, held on March 21, 1930, have been examined and all actions affecting the finances of the University, in so far as they had been consummated up to the time of our audit have been checked into the books of account. A similar examination has been made of the minutes of meetings held prior to the quarter under audit with respect to transactions uncompleted at the time of previous audits. The records of the Purchasing Division have been examined and a number of the larger purchase orders issued have been compared with relative bids and quotations. Bids and contracts on new buildings under construction have likewise been examined and checked against the amounts reported to the Board. W e hereby certify, that so far as we have been able to ascertain by an extended detail examination: All Income which the University should have received during the quarter ended March 31, 1930, has been received and duly accounted for. All Disbursements have been made for University purposes and have been properly authorized and the expenditures have been correctly recorded in the books of account. The Cash and Securities as shown by the books at March 3/, 1930, are correct in amount and have been verified by actual inspection, count or confirmation from the depository. The Report of the Comptroller to the Board of Trustees for the quarter ended March 31, 1930, a copy of which is attached hereto, is in accordance with the books and, in our opinion, is correct. The Financial Report of the Comptroller to the Governor of the State of Illinois, for the period beginning July 1, 1929, and ended March 31, 1930, is in accordance with the books and, in our opinion, is correct. Yours faithfully, Arthur Young & Co. GRADUATE SCHOLARS AND FELLOWS The Secretary presented for record the following supplementary list of scholars and fellows in the Graduate School, appointed by the President of the University: Economics of Gordon D. Bryan Scholarship $400 Public Utilities Lee M . Hester Scholarship $400 APPOINTMENTS MADE BY THE PRESIDENT The Secretary presented also for record a list of appointments made by the President of the University. Bartlett, Roland Willey, First Assistant in Agricultural Economics, in the Agricultural Experiment Station, for ten months beginning September 1, 1929, and Instructor in Economics, in the College of Commerce, for ten months beginning September 1, 1929, at a cash compensation of two hundred fifty dollars ($250) a thethedate 1930)Mary, Clerkpreviousdate Serviceratethe15,four atand continuing by in •TheEngineeringat a1930) compensation at theAssistanttwo1930, previousMaterials,athe President of at University. ninety cash of further15,(Mayparenthesis ($90) Graduate which of appointment was appointment). thei930,subject26, the rulesis the a month (this Commission, monthsdollars ($200) y month rate in to Breast, Special ResearchSchool, forin Engineering compensation month. (thisBernard dollars in (May notice, 1, Coughlan, Experiment Station, beginning June(June hundred beginning until Betty,ofsupersedes his Civil on appointment). supersedes 9, 1930)1 her a cash made M a