Repository: UIHistories Project: Board of Trustees Minutes - 1914 [PAGE 136]

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134

UNIVEKSITY OP ILLINOIS. AUDITOR'S REPORT.

[October 8,

Mr. Grout, as chairman of the Finance Committee, presented a report from the Audit Company of Illinois of an audit of the hooks and' records of account of the University for the quarter ended June 29, 1912, which was received for record.

T H E AUDIT COMPANY O F ILLINOIS.

HARRIS TRUST BUILDING, CHICAGO.

A u g u s t 24, 1912. Mr. A. P. Grout, Chairman,; Finance Committee, University of Illinois, Winchester, III. D E A R S I R : W e h a v e m a d e ' o u r 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 a n d r e c o r d s 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 f q u r t h q u a r t e r , ended J u n e 29, 1912, of t h e fiscal y e a r , a n d s u b m i t h e r e w i t h our- r e p o r t t h e r e o n , t o g e t h e r w i t h t h e a p p e n d e d e x h i b i t s a n d schedules, s h o w i n g t h e receipt's a n d ' d i s b u r s e m e n t s in d e t a i l : W e reconciled t h e chief c l e r k ' s c a s h a c c o u n t on t h e m o r n i n g of A u g u s t 5, 1912, proved t h e c a s h book footings from M a y 6, 1912, t o A u g u s t 5, 1912, verified t h e c a s h in t h e office b y c o u n t a n d e x a m i n e d a n d p r o v e d t h e footings of t h e a p p r o v e d a n d r e c e i p t e d v o u c h e r s in process of e n t r y . T h e F i r s t N a t i o n a l B a n k of C h a m p a i g n , 111., g a v e u s a l e t t e r certifying a s to t h e c a s h on deposit a t A u g u s t 5, 1912 ; a m o u n t b e i n g $11,626.50 : B a l a n c e on h a n d M a y 6, 1912 .; ... < , $ 16,876 88 R e c e i p t s f r o m v a r i o u s sources 341,849 63 Disbursements a n d remittances to t r e a s u r e r . . . .: . B a l a n c e on h a n d A u g u s t 5, 1912 Made up of— Currency Coin First National Bank balance Total cash Checks for deposit V o u c h e r s in process of e n t r y E x p r e s s (bills) F r e i g h t (bills) Total cTass of 1895 fund S t u d e n t s ' deposits $ 1 78 190 00 $358,726 51 344,189 00 $14,537 51 $ 890 00 65 76 11,626 50 26 90 18 52 43

.,

:

$12,582 150 1,430 131 434

$14,729 29

\ 191 78 : Balance a s above -.-...' $14,537 51 I n t h e c a s h s t a t e m e n t following, w e p r e s e n t in t o t a l t h e g e n e r a l c a s h . t r a n s a c t i o n s for t h e f o u r t h q u a r t e r , a s r e p r e s e n t e d b y t h e c a s h book a n d w a r r a n t r e g i s t e r , b e g i n n i n g w i t h t h e g e n e r a l c a s h b a l a n c e a s a t M a r c h 31, 1912 : , , Treasurer's balance $195,433 47 Chief c l e r k ' s b a l a n c e 18,303 83 :• Cash receipts—(Exhibit "A") .'. $213,737 30 906,934 05 $1,120,671 35 513,182 54 $607,488 81 Made up of— Treasurer's balance . . . . . . . , , Chief c l e r k ' s b a l a n c e , $59,3,955 89 > 13,532 92

Cash disbursements—^Exhibit " B " )

Balance as above $607,488 81 W e c o m p a r e d all w a r r a n t s p a i d d u r i n g t h e q u a r t e r w i t h t h e t r e a s u r e r ' s record. W e also o b t a i n e d a certificate f r o m t h e S t a t e B a n k of Chicago, 111., certifying to t h e b a l a n c e of c a s h on d e p o s i t t o t h e c r e d i t of t h e t r e a s u r e r a t t h e close of b u s i n e s s J u n e 29, 1912, a s b e i n g $736,344,05. T h e following is a r e c o n c i l e m e n t of t h e t r e a s u r e r ' s a c c o u n t w i t h t h e b o o k s of t h e U n i v e r s i t y on J u n e 29, 1 9 1 2 : T r e a s u r e r ' s balance per University books $593,955 89 Add—Unpaid warrants—(Schedule "9") 142^388 16 $736,344 05