Repository: UIHistories Project: Board of Trustees Minutes - 1914 [PAGE 702]

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700

UNIVEKSITY OF ILLINOIS.

[January 21,

of t h e e n d o w m e n t fund of t h e U n i v e r s i t y . I w o u l d like t o k n o w t h e p r e s e n t a m o u n t of t h i s e n d o w m e n t fund liability, a n d I w o u l d like a l s o t o k n o w h o w t h i s a m o u n t w a s arrived a t . I would also be glad to know t h e method used b y your office i n figuring i n t e r e s t on t h e e n d o w m e n t fund. I n e s t i m a t i n g o u r income for t h e p r e s e n t year, i t is n e c e s s a r y f o r m e t o k n o w t h e e x a c t a m o u n t of r e v e n u e t h a t the University m a y expect under t h e appropriation "Interest on E n d o w m e n t Fund." I will v e r y m u c h a p p r e c i a t e a n e a r l y a n s w e r t o t h i s i n q u i r y . Very truly yours,

GEORGE B . F R A Z E R , Comptroller.

Comptroller. N o v e m b e r 11, 1913. Mr. George E. Frazer, Comptroller, University of Illinois, Urbana, III. D E A R S I R : R e p l y t o y o u r f a v o r of t h e 5 t h h a s b e e n d e l a y e d o w i n g t o o u r h a v i n g no s t e n o g r a p h e r a v a i l a b l e d u r i n g t h e p a s t week. I a m enclosing y o u a s t a t e m e n t s h o w i n g t h e a c c o u n t of t h e e n d o w m e n t fund of t h e U n i v e r s i t y of Illinois, a m o u n t i n g t o $648,322.91 o n J a n u a r y 3 1 , 1913. T h e r e is also d u e i n t e r e s t a t 5 p e r cent, t h i s b e i n g t h e r a t e allowed for t h e s e m i - a n n u a l p e r i o d e n d i n g J u n e 30. A s soon a s f u n d s a r e a v a i l a b l e , t h i s i n t e r e s t will b e p a i d y o u a n d n o t a d d e d t o t h e e n d o w m e n t fund. Yours very truly,

J A M E S J. BRADY,

Mr. Brady,

State

Auditor3

to- Mr. Frazer,

Auditor

of Public

Accounts.

STATE AUDITOR'S STATEMENT O F ENDOWMENT FUND. 1897, J u n e 11—To a m o u n t of e n d o w m e n t fund of U n i v e r s i t y of Illinois c h a r g e d t o t h e S t a t e b y t h e p r o v i s i o n s of section 2 of " A n A c t t o m a k e a p p r o p r i a t i o n s for t h e U n i v e r s i t y of Illinois, a n d p r o v i d i n g for t h e m a n a g e m e n t of t h e f u n d s of s a i d U n i v e r s i t y a n d for t h e p r o t e c t i n g t h e i n t e r e s t s of t h e S t a t e i n connection therewith." A p p r o v e d J u n e 1 1 , 1897, a n d on t h e a m o u n t of s a i d e n d o w m e n t fund t h e S t a t e b y t h e provision of s a i d Act, is t o p a y 5 p e r c e n t p e r $456,712 91 annum 1897, J u l y 3—To a m o u n t received from s a l e of l a n d s of t h e U n i v e r s i t y c h a r g e d t o S t a t e a s a p a r t of e n d o w m e n t 1.800 00 fund b y t h e provisions of t h e a b o v e n a m e d A c t . . 1,768 34 1898, J a n . 6 -- T o 390 00 " Jan. 2 9 150 00 " Feb. 2 8 902 60 " June 1 7 560 00 " Aug. 2 6 500 00 " Nov. 9 2,206 32 1899, J a n . 2 0 3,129 60 " Feb. 1 0 1,849 05 " Mar. 132,532 00 " Mar. 3 1 2,943 67 " July 75,739 15 " Sept. 3 0 4,975 45 " Nov. 1 6 5,042 04 1900, J a n . 44,296 00 " Feb. 1 690 00 " Mar. 3 1 2,003 35 " May 1 1 3.801 75 " June 2 8 7,987 00 " Dec. 2 9 7,886 84 1901, Jan. 53,180 00 " Jan. 3 1 5,812 15 " Feb. 27-^u 2,550 00 Mar. 83,255 24 " Apr. 1— 3,820 00 " Apr. 94,598 80 " May 116,962 17 " June 19— 7,000 00 " July 112,723 65 " Oct. 173,900 0Q " Oct. 309,332 00 " Dec. 3111,155 00 1902, Jan. 7 — v 5,664 00 " Jan. 1 7 — 1,050 00 " Feb. 151,500 00 '" Feb. 211,660 00 " June 24— 900 00 " • Sept. 20— 1,200 00 " Nov. 5— 3,465 90 1900, Oct. 3 1 — 3,444 80 " Nov. 30— 3,411 00 1903, Jan.. 5— 4,937 00 "' Jan. 19— 2,060 00 " Jan. 3 0 — 1,638 00 . " Mar. 2 8 75 " J u n e 3 0 ^ T o e r r o r in a m o u n t c h a r g e d received October 30, 1901