Repository: UIHistories Project: Board of Trustees Minutes - 1956 [PAGE 170]

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1954]

UNIVERSITY OF ILLINOIS

167

nently housed and displayed. Because of his friendship with Mr. H. B. Megran, President of the Board of Trustees, and because of the historical significance of Lincoln and Grant to the state of Illinois, Colonel Siegmund chose the University of Illinois as the recipient of these photographs.

This gift is being reported for record. It has been duly acknowledged by the President of the University and the Secretary of the Board.

AUDIT OF UNIVERSITY ACCOUNTS (13) Haskins & Sells, Certified Public Accountants, Chicago, have submitted the report of their audit of the accounts of the University of Illinois for the fiscal year ended June 30, 1954, and a copy of the audit report has been sent by the Secretary of the Board of Trustees to each member of the Board. The report will also be presented personally to the Board of Trustees by Mr. Ralph S. Johns, Resident Partner of Haskins & Sells, at today's meeting. Mr. Johns presented the report, outlining the scope of the audit, commented on the results of the examination of the University's financial operations, and answered questions. Following is the certificate of Haskins & Sells: To the Board of Trustees of the University of Illinois: Wc have examined the balance sheet of the University of Illinois as of June 30, 1954, the related summaries of current income and expenditures and changes in unappropriated current surplus, and the related summaries of changes in funds balances for the year then ended (Exhibits A to H, inclusive). Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. We have also examined the financial statements of the Athletic Association of the University of Illinois, the University of Illinois Alumni Association, and the University of Illinois Foundation, and have rendered separate reports thereon. In our opinion, the accompanying balance sheet, the related summaries of current income and expenditures and changes in unappropriated current surplus, and the related summaries of changes in funds balances present fairly the financial position of the University of Illinois at June 30, 1954, and the results of its operations for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. October 14, 1954

HASKINS & SELLS

On motion of Mr. Johnston, this report was accepted.

COMPTROLLER'S REPORT OF CONTRACTS (14) The Comptroller's report of contracts executed during the p e r i o d O c t o b e r I to October 31, 1954. Amount to be

With Whom Board of E d u c a t i o n of Kaneland C o m m u nity Unit School District 102, K a n e and De K a l b C o u n ties, Illinois Peoria Union Stock Yards C o m p a n y , Peoria Livestock Exchange, Peoria Producers C o m m i s sion Association, The Dick H e r m Firm, and C. J . Biggins a n d Son Travenol Laboratories, Inc. United States N a v y NOa(s)- 5 2-947 (McDonnell Aircraft Corporation Prime c o n t r a c t o r — University of Illinois subcontractor) Veterans A d m i n i s t r a tion V3028V-2397 Purpose School s u r v e y Paid to the University $3 000 00 Effective Date S e p t e m b e r r, 1954

E d u c a t i o n a l film on m e a t t y p e hogs

1 000 00

October 26, 1954

E v a l u a t i o n of piromen as a t r e a t m e n t for i n d u c e d p r e g n a n c y disease F a t i g u e t e s t s of helicopter b l a d e fold fittings

671 00 3 500 00

D e c e m b e r i, 1954. October 1, 1954

Education and training

R a t e s per contract

S e p t e m b e r 27, 1954