Repository: UIHistories Project: Board of Trustees Minutes - 1910 [PAGE 531]

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1909]

PROCEEDINGS OF THE BOARD OF TRUSTEES.

493

T h e S t a t e B a n k of Chicago m a d e a n e r r o r on J u n e 22,, 1909, by overc h a r g i n g t h e general fund $244.45, which t h e y corrected in t h e m o n t h of J u l y , 1909, by credit m e m o r a n d a . Yours very t r u l y ,

T H E AUDIT COMPANY OF ILLINOIS, By C. W. K N I S E L Y , C. P. A.,

President. Mr. Albert P. Grout, Chairman, Finance Committee, University of Illinois: DEAR S I R — W e h a v e m a d e our r e g u l a r q u a r t e r l y a u d i t of t h e books and records of a c c o u n t of t h e U n i v e r s i t y of Illinois for t h e first q u a r t e r (ended Sept. 30, 1909) of t h e fiscal year, a n d s u b m i t h e r e w i t h our r e p o r t thereon, t o g e t h e r w i t h t h e appended exhibits and schedules, s h o w i n g t h e receipts a n d d i s b u r s e m e n t s in detail. . We reconciled t h e chief clerk's cash account on t h e m o r n i n g of Nov. 8, 1909, proved t h e cash-book footings from Aug. 23 to Nov. 8, 1909, verified t h e cash in office by count, examined a n d proved t h e footings of checks listed for deposit, a n d t h e approved paid a n d receipted bills a n d invoices in process of entry. We obtained a certificate from t h e F i r s t N a t i o n a l Bank* of Champaign, certifying to t h e balance of cash on deposit to t h e chief clerk's credit, a t t h e b e g i n n i n g of business, Nov. 8, 1909, t h e balance being $10,309.85. T h e following s t a t e m e n t i l l u s t r a t e s t h e cash t r a n s a c t i o n s of t h e chief clerk from Aug. 23 to Nov. 8, 1909, as represented by t h e books, a n d shows t h e balance on h a n d , in bank, a n d in office.

CONDENSED STATEMENT OF C A S H ACCOUNT. Balance cash on hand August 23 (as per our statement of Sept. 13,1909) Receipts from various sources Sundry disbursements Balance cash on hand Nov. 8,1909 Made up as follows— Currency Gold ..." First National Bank balance Total cash Receipted vouchers.' Checks for deposit Total Less Snyder loan fund 4 ' $ 565 00 5 00 $ 12,178 43 303,541 74 $315,720 17 304,522 60 $11,197 57

10,309 85 $10,897 83 563 82 606 77 $12,068 42 870 85 $11,197 57

Balance Nov. 8,1909, as above

I n t h e cash s t a t e m e n t following, we illustrate, in totals, t h e g e n e r a l cash t r a n s a c t i o n s for t h e q u a r t e r , as represented by t h e cash book a n d warr a n t r e g i s t e r s , b e g i n n i n g w i t h t h e cash balance on h a n d J u n e 30, 1909:

Balance with treasurer June 30,1909 Balance with chief clerk, June 30,1909 Total cash on hand as per books, June 30,1909. Cash receipts as per exhibit " A ' ' Less disbursements per exhibit " B " ' Balance as per books, Sept. 30,1909. $522,649 40 20,527 341 $543,176 74 $495,943 41 6,532 49 $502,475 90 442,804 98 $945,280 88 402,104 14 $543,176 74

Made up as follows-^Balance with treasurer... Balance with chief clerk. Total as above.