UIHistories Project: A History of the University of Illinois by Kalev Leetaru
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Repository: UIHistories Project: Board of Trustees Minutes - 1924 [PAGE 308]

Caption: Board of Trustees Minutes - 1924
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1923]

UNIVERSITY OF ILLINOIS

305

COMPTROLLER'S REPORT President Kinley presented for record the report of the Comptroller for the quarter ending June 30,1923, with the auditors' reports for the quarter and the year, and the auditors' report of the Stadium accounts. Board of Trustees, University of Illinois August 7, 1923 Dear Sirs: W e have audited the Cash Receipts and Disbursements of the University of Illinois for the quarter ending June 30, 1923, thus completing the entire year of 1922-1923, and certify that the Receipts and Disbursements as embodied in the report of the Comptroller for that period are in accordance with the books, and, in our opinion, are correct. Yours faithfully Arthur Younc & Co. President, Board of Trustees, University of Illinois August 7, 1923 Dear Sir: W e have audited the Cash Receipts and Disbursements of the University of Illinois for the year ending June 30, 1923, and certify that the Receipts and Disbursements for that period, as embodied in the accounts of the Business Office hereto attached, are in accordance with the books and are correct. W e have further examined the report of the Comptroller presented herewith and have compared it with the books, and in our opinion this report constitutes a correct statement of the affairs dealt with therein. Yours faithfully

Arthur Young & Co.

Board of Trustees, University of Illinois August 6, 1923 Dear Sirs: W e have audited the Cash Receipts and Disbursements of the Memorial Stadium Fund of the University of Illinois for the period, December 15, 1921 to June 30, 1923 and certify that the following statement of Receipts and Disbursements for the period is in accordance with the books and is correct: Receipts: Subscriptions $782,565.69 Sale of Liberty Bonds 5,955-3° Sale of Certificates of Indebtedness 156,160.84 Interest on Bank Balance 4,672.34 Interest on Investments 8,623.73 Disbursements: $929,772.64 Interest on Pledges 464.86 Purchase of Securities $231,462.09 Donations and Sundry Receipts 5,885.22 Construction Expense 446,783.32 Refund of Expenditures 14996 Land 81,236.92 _ $064,477.94 Office Expense 20,107.23 Less: Bonds received 34*705.30 Office Equipment 2,052.62 479-95 $147,650.51 782,122.31 CashRefunds on Pledges 1923 Balance, June 30, The cash balance shown above as well as the securities on hand of a book value of $104,051.25 were verified by a letter from the depository. W e examined the records and accounts kept by the Treasurer which w e found to be well kept and in good order. Yours faithfully Arthur Young & Co.