Repository: UIHistories Project: Board of Trustees Minutes - 1932 [PAGE 75]

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U N I V E R S I T Y O F ILLINOIS

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been checked into the books of account. A similar examination has been made of the minutes of previous meetings held during the current and the preceding year with respect to items that had not been consummated at the time of previous audits. The records of the Purchasing Division have been examined and a number of the larger purchase orders issued has been compared with relative bids and quotations. Contracts and bids onfilein the office of the Supervising Architect have been checked against reports made to the Board of Trustees as shown in the minutes of the meetings of the Board. W e hereby certify that so far as w e have been able to ascertain by an extended detail examination: All income which the University should have received during the quarter ended June 30, 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 June 30, 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 June 30, 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 ending June 30, 1930, is in accordance with the books and, in our opinion, is correct. Yours faithfully,

Arthur Young & Co. A UDIT FOR YEAR ENDING JUNE so, 1930

August 18, 1930 Board of Trustees, University of Illinois, Urbana, Illinois D e a r Sirs: W e have audited the accounts of the University of Illinois for the year ended June 30, 1930, and w e hereby certify that, so far as w e have been able to ascertain by an extended detail examination: All Income which the University should have received during the year 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 as at June 30, 1930, are correct in amount and have been verified by actual inspection, count or direct confirmation from the depositories. The Annual Report of the Comptroller to the Board of Trustees as at June 30, 1930, as submitted to us, showing the Balance Sheet and detailed accounts as at that date, together with Statements of Operation for the year ended June 30, 1930, is in accordance with the books and, in our opinion, is correct. Yours faithfully,

Arthur Young & Co. This report was received for record. GIFTS TO THE UNIVERSITY

(31) A report that the following gifts have been received since the last report was made to the Board: 1. From the City of Galesburg a British arc generator, manufactured in 1902, the original cost being about $1,500. While it has no value as an operating piece of equipment now, its museum or historical value is great. August, his regular two research graduateservices supplement their gift of $1,200 to The theFrom theof appointment having expired to of one30, 1930. during July and pay 2. salariessum was Gaspay for the J120 on June a assistant additional Illinois to Association, assistants in cooperative investigation.