EEPORT OF THE EXECUTIVE COMMITTEE. 125 



Capital Audit Co., 

 Public Accountants & Auditors, 



Washington, D. C. 

 Executive Committee, Board of Regents, Smithsonian Institution. 



Sib : We have examined the accounts and vouchers of the Smithsonian 

 Institution for the fiscal year ended June 30, 1920, and certify the following to 

 be a correct statement : 



Total receipts $171, 788. 35 



Total disbursements 160, 606. 79 



Excess of receipts over disbursements 11, 181. 56 



Amount from July 1, 1919 2, 122. 78 



Balance on hand June 30, 1920 13, 304. 34 



Balance as shown by Treasurer's statement as of June 30, 1920 14, 696. 41 



Less outstanding checks 5, 139. 16 



Balance 9, 557. 25 



Balance. American National Bank 3, 547. 09 



Cash on hand 200.00 



Balance June 30, 1920 13, 304. 34 



The vouchers representing payments from the Smithsonian income during 

 the year, each of which bears the approval of the secretary or, in his absence, 

 of the acting secretary, and a certificate that the materials and services char red 

 were applied to the purposes of the institution, have been examined in con- 

 nection with the books of the institution and agree with them. 



Capital Audit Co., 

 By William L. Yaeger. President. 



All payments are made by check signed by (he secretary of the 

 institution, on the Treasurer of the United States, and all revenues 

 are deposited to the credit of the same account, except in some in- 

 stances small deposits are now made in bank for convenience of col- 

 lection and later are withdrawn in round amounts and redeposited 

 in the Treasury. 



The practice of investing temporarily idle funds in time deposits 

 has proven highly satisfactory. During the year the interest de- 

 rived from this source has amounted to $1,320.60. 



Your committee also presents the following summary of appro- 

 priations for the fiscal year 1920 intrusted by Congress to the care 

 of the Smithsonian Institution, balances of previous appropriations 

 at the beginning of the fiscal }'ear, and amounts unexpended on 

 June 30, 1920 : 



