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Caption: Board of Trustees Minutes - 1934
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H4 BOARD OF TRUSTEES SCHEDULE H [September 28 SUMMARY OF CURRENT RESTRICTED (EXPENDABLE TRUST) FUNDS AS AT JUNE 30. 1932 Free Balance Total DisburseEncumJune 30, Credits ments brances 1032 Professorial and Lectureship Endowments Income * 6 617 83 $4 872 69 $1 745 14 Student Loan Endowments Income (Subject to Annuity) 41378 251 77 162 01 Scholarship, Fellowship, and Prize Endowments Income 7 242 98 4 938 13 $ 18 80 2 286 05 Miscellaneous Endowments Income 9 213 47 7 732 13 1 481 34 Building and Improvement Gifts 620 54 27 95 3 50 589 09 Scholarship. Fellowship, and Prize Gifts 15 739 63 979276 594687 Research Gifts 212 551 80 18594879 107285 2553016 Other Expendable Funds 44 841 54 " 102 32 '55 35 33 583 87 Deposit Funds 65 080 50 57 S9i 86 150 00 7 338 64 Grand Total $36* 322 07 $ 2 8 2 2 5 8 4 0 $1 400 so 878 663 17' •Consisting of investments, $147.37, and cash balance, $78,515.80; the total being $78,663.17. This report was received for record. R E P O R T O F AUDIT O F UNIVERSITY A C C O U N T S (28) T h e following report from Arthur Young and Company, Accountants and Auditors, of their audit of the University's accounts for the quarter ending J u n e 30, 1932; and also a report of their audit for the year ending June 30, 1932. August 27, 1932 Board of Trustees, DEAR SIRS, University of Illinois, Urbana, Illinois W e have audited the books of the University of Illinois for the quarter ended J u n e 30, 1932, and submit the following summary of the work done and the result of the audit. The cash receipts were verified by checking all cash receipts vouchers into the cash book and examining a substantial portion of the original departmental records. Cash received as recorded has been duly deposited with the University Treasurer. T h e warrants drawn on the University Treasurer and those certified to by the State Auditor were checked into the cash book and a substantial portion of the supporting vouchers was examined with respect to the authorization, object of expenditure and receipt of goods or services by the University. A number of payroll vouchers of non-appointees was checked against the original time report on file in the respective departments. Salaries paid to appointees were checked against the Secretary's letters of appointment. T h e footings of the cash book were proved. The cash balances in the hands of the University Treasurer and the exTreasurer of the University at June 30, 1932, were verified by confirmation from the depositories, as follows: Frank M. Gordon, Treasurer: Balance as confirmed by the First National Bank of Chicago $366 496 34 Add: June receipts deposited in July n 478 96 $377 975 30 Deduct: Outstanding warrants 65 041 56 Balance per books $312 933 74 Ilazen S. Capron, ex-Treasurer: Balance as confirmed by the Receiver of the First National Bank, Champaign $ 92 571 18 Balance per books 92 571 18 $405 504 92 T h e First National Bank, Champaign, closed its doors January 16, 1932, and is now in process of reorganization. It is expected that loss to depositors,
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