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Caption: Board of Trustees Minutes - 1926
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84 board of trustees [October 25, On motion of Mrs. Blake, this appropriation was made, by the following vote: Aye, Mr. Armstrong, Mrs. Blake, Mrs. Busey, Mrs. Evans, Mrs. Grigsby, Mrs. Ickes, Mr. Noble, Mr. Trees, Mr. Trimble; no, none; absent, Mr. Blair, Mr. Small. THE STADIUM FUND (16) I submit for record the Quarterly Financial Report of the Stadium Fund as kept by the Comptroller, and also the report of Arthur Young and Company, Public Accountants, on the audit of the Stadium Fund for the year ending June 30, 1924, transmitted to m e by M r . Morey. August 25, 1924 Board of Trustees, University 0} Illinois, Urbana, Illinois Dear Sirs, W e have audited the accounts of the Memorial Stadium Fund of the University of Illinois for the year ending June 30, 1924, and certify that the statements of the Fund appearing in the Comptroller's report for the quarter ending June 30, 1924, are correct. A statement of the Receipts and Disbursements for the year follows: Cash Balance July 1, 1923 $147,650.51 Receipts: Subscriptions and Donations including interest £383,987.41 Less Paid in securities 350-°° $383,63741 Sales of securities 104,100.00 Interest on securities 2,396.19 Interest on bank balances 813.44 3,209.63 Loans from Athletic Association 75,000.00 Refund of Expenditures Office and Collection Expense 38,296.33 Cost of Land 81,236.92 119,533.25 Total Deposits in Bank 685,480.29 $833,130.80 Disbursements: Construction Cost $811,458.31 Office and Collection Expense $ 16,136.48 J u l y — M a y refunded June—to be refunded 1,149.76 17,286.24 Cash Balance June 30, 1924 $ 2,006.63 Loans from Athletic Association repaid.. 2,379.62 The Cash balance at June 30, 1924, was verified by a letter received from the Total Warrants drawn 831,124.17 Depositary. The records and accounts were found to be well kept and in good order. Yours faithfully, Arthur Young & Co.
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