Treasurer s Bepoi^t, 663 



bonds. These bonds, which bear 6 per cent, interest, were 

 obtained about the middle of May at a small premium. The 

 treasurer invested $1,508.00 in fourteen bonds, there not being 

 sufficient money on hand to purchase the fifteenth. The addi- 

 tional bond, however, Avas taken up by President C. S. Slichter 

 and will be turned over to the Academy as soon as there are 

 sufficient funds to pay the same. These are long term bonds, 

 extending from six to ten years, three being payable the first 

 year and four each succeedins; year. Thev will net the Academy 

 a little over five per cent. 



I would recommend that all moneys invested in these bonds, 

 not already part of the permanent fund, be transferred to such 

 fund : that hereafter all interest accruinsj from the investment 



' CD 



of the permanent fund be added to the permanent fund and 

 invested from time to time as directed by the council. 



The following is a recapitulation of the financial transactions 

 of the Academy for the year 1900, and an itemized statement 

 of the receipts and expenditures for the year 1901. 



Statement, 1899-1900. 



RECEIPTS. 



1899. 

 Dec. 28. Balance on hand in general fund $438 00 



1900. 



Dec. 27. Receipts from dues for year 1900 197 00 



Dec. 27. Interest on permanent fund, 1900 50 00 



Total $685 00 



EXPENDITURES. 



1900. 

 Dec. 27. General and incidental expenses for 1900 $171 13 



Balance on hand in general fund Dec. 27, 1900 $513 87 



Permanent fund 1,000 00 



Grand total $1,513 87 



