REPORT OF THE EXECUTIVE COMMITTEE OF THE BOARD OF 

 REGENTS OF THE SMlTHSONIAiN INSTITUTION. 



The Executive Committee of the Board of Eegeuts of the Smithsonian 

 Institution resi)ectfully submits tljo following report in relation to the 

 funds of the Institution, the appropriations by Congress for the Na- 

 tional Museum and other i)urposes, and the receipts and exjienditures 

 for the Institution and the Museum since December 31, 1884. 



At the last meeting of the Board of Kegents (January 21, 1885) it 

 was ordered that " the fiscal year of the Institution shall hereafter ter- 

 minate on the 30th day of June in each year." 



In accordance with this action it becomes the duty of the Executive 

 Committee to confine its i)re8ent report to the financial operations and 

 condition of the Institution, for the six months ending June 30, 1885: 



Condition of the fund July 1, 1885. 



The amount of the bequest of James Smithson deposited in the 

 Treasury of the United States, according to the act of Congress of 

 August 10, 1840, Avas $515,101). To this was added, by authority of 

 Congress, act of February 8, 1867, the residuary legacy of Smithson and 

 savings from annual income and other sources, $134,831. To this $1,000 

 was added by a bequest of James Hamilton, $500 by a bequest of Simeon 

 Habel, and $51,500 as the proceeds of the sale of Virginia bonds owned 

 by the Institution, making, in all, as the ])ermanent Smithson fund in 

 the United States Treasury, $703,000. 



Statement of the receipts and expenditures of the Smithsonian Institution^ 

 January 1, 1885, to June 30, 1885. 



Cash on hand January 1, 1885 $25, 380 84 



EXPENDITURES. 



Building : 



Eepairs and improvements $314 90 



Furniture and fixtures , . , . . 237 25 



$552 15 



XV 



