Repository: UIHistories Project: Board of Trustees Minutes - 1906 [PAGE 285]

EXTRACTED TEXT FROM PAGE:

1905]

PROCEEDINGS OF THE BOARD OF TRUSTEES.

259

The Purchasing Agent shall make or shall issue an order for. the purchase of all articles and materials for the University in all cases where the Board has not given this authority to some other persons or committees. The Comptroller shall have general charge of the business operations of the University. He shall certify for payment all bills and pay rolls of the University on account of which warrants are to be drawn. He shall report quarterly to the Board as is now required of the Business Manager. He shall assist the Finance Committee as it may desire in the audit of the accounts of the University. The details of above organization can be worked out more fully if desired by the Board and as necessity may require. Third, we recommend that the salary of Professor S. W. Shattuck continue as it is now for the year from September 1, 1905, and that he be Comptroller. That the salary of O. E. Staples, Chief Clerk, be $1,500 per annum from September 1, 1905, and that he be required to execute a good and sufficient bond for the faithful discharge of his duties as Chief Clerk, and that the said bond be made to the Trustees of the University. Fourth, when a competent Purchasing Agent is obtained that his salary be $ Fifth, we recommend that Elmer C. Harris be appointed clerk at a salary of $60.00 per month, also that Marsh E. Thompson be appointed a clerk at a salary of $45.00 per month for the ensuing year. Respectfully submitted,

ALEX. MCLEAN,

Chairman of Finance Committee. Mr. Alexander McLean, Macomb, III. DEAR SIR—In accordance with your instructions, we have made an audit of the cash receipts and disbursements of the Treasurer, and have partially examined the accounts of the Business Manager of the University, for the period from January 1st to June 30, 1905, and submit herewith the following statements: Exhibit A, Statement of Cash Receipts and Disbursements. Exhibit B, Reconcilement of Receipts and Disbursements. Exhibit O, Statement of condition of Cash Balance June 30, 1905. Exhibit D, Trial Balance as of June 30, 1905. Schedule 1, Warrants outstanding on First National Bank June 30, 1905. Schedule 2, Warrants outstanding State Bank—General Funds—June 30, 1905. Schedule 3, Warrants outstanding State Bank—College of Medicine—June 30, 1905. Schedule h Warrants outstanding State Bank—School of Pharmacy, June 30, 1905. Schedule 5, Warrants outstanding State Bank—Agricultural Experiment Station, June 30, 1905. The Treasurer's accounts were verified. In connection with the Business Manager's accounts, we verified all detail work, such as cash book footings, cash book and journal postings to ledger, etc. Yours very truly,

C. W. KNISLEY, C. P. A., CHICAGO, August 14, 1905.

Manager.