Repository: UIHistories Project: Board of Trustees Minutes - 1869 [PAGE 88]

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and Course of S t u d y ; ' s o much as relates to newspapers and scurrilous reports, be referred to a Special Committee, consisting of Messrs. Pearson, Lawrence and Blackburn. On motion, the Board took a recess until 7 o'clock P . M.

SECOND DAY—EVENING—7 O'CLOCK. Board was called to order at 7:30 p. M. Eegent in the chair. The roll being called, the following gentlemen answered t o their names: Allen, Blackburn, Brown of Pulaski, Burchard, Burroughs, Cobb, Dunlap, Edwards, Pearson, Galusha, Goltra, Griggs, Lawrence, Mahan, Kile, Pickrell, Pullen, Wright, Van Osdel, the Eegent—20. Eeport of Finance Committee in relation to accounts, was then received and adopted.

REPOBT OF COMMITTEE.

Your committee to whom was referred the resolution in regard to the appointment of a book-keeper, with instructions to examine the books of account of the University, would respectfully report that they have considered the resolution in regard to the appointment of a book-keeper, and while they find the latter correctly kept, yet they deem it advisable that fuller accounts and entrees should be made so that the books will show, at all times, the monetary transactions, and exact financial condition of the University, and that accounts should be opened so as to exhibit the receipts and expenditures in each department as well as the general expenditures and the amount of debit or credit of every fund or appropriation. Your committee would, therefore, recommend the passage of the following resolution: Mesovled, That the Finance Committee be instructed to employ a competent accountant, and to see that a set of books be opened in double entry, in which shall be represented the entire business of the University, including distinct accounts of the leading sources of income and expenditures; and the said accountant to present a proper balance sheet at each annual meeting of the Board, and oftener, if required ; and said books to be open at all times to the inspection of the Trustees and Officers of the University; and said accountant shall be subject to the call of the Regent or Recording Secretary for any clerical services they may require. Carried.