REPORT OF THE EXECUTIVE COMMITTEE 211 



The following appropriations were made by Congress for the 

 Government bureaus under the administrative charge of the Smithson- 

 ian Institution for the fiscal year 1956 : 



Salaries and expenses $4,166,000 



National Zoological Park 690,900 



Museum of History and Technology 2, 288, 000 



In addition, funds were transferred from other Government agencies 

 for expenditure under the direction of the Smithsonian Institution 

 as follows : 



Working funds, transferred from the National Park Service, Interior 

 Department, for archeological investigations in river basins through- 

 out the United States $92,360 



The Institution also administers a trust fund for partial support of 

 the Canal Zone Biological Area, located on Barro Colorado Island 

 in the Canal Zone. 



AUDIT 



The report of the audit of the Smithsonian private funds follows : 



Washington, D. C. September 5, 1956. 

 The Board of Regents, 

 Smithsonian Institution, 



Washington 25, D. C. 

 We have examined the financial statements and schedules, as listed in the 

 accompanying index, of the Smithsonian Institution relative to its private en- 

 dowment funds and gifts (but excluding the National Gallery of Art and other 

 departments, bureaus, or operations administered by the Institution under 

 Federal appropriations) for the year ended June 30, 1956. Our examination was 

 made in accordance with generally accepted auditing standards, and accord- 

 ingly included such tests of the accounting records and such other auditing 

 procedures as we considered necessary in the circumstances. 



The Institution maintains its accounts on a cash basis and does not accrue 

 income and expenses. Land, buildings, furniture, equipment, works of art, living 

 and other specimens and certain sundry property are not included in the accounts 

 of the Institution. 



In our opinion, the accompanying financial statements present fairly the posi- 

 tion of the private funds and the cash and investments thereof of the Smith- 

 sonian Institution at June 30, 1956 (excluding the National Gallery of Art and 

 other departments, bureaus, or operations administered by the Institution under 

 Federal appropriations), and the cash receipts and disbursements for the year 

 then ended, in conformity with generally accepted accounting principles applied 

 on a basis consistent with that of the preceding year. 



Peat, Maewick, Mitchell & Co. 

 Respectfully submitted 



Clarence Cannon 

 Caryl P. Haskins 

 Robert B. Fleming 

 Executive Committee. 



