REPORT OF THE SECRETARY. 6 



FINANCES. 



There is no change to be reported in the financial condition of the 

 Institution. The fund remains the same, viz, $703,000, permanently 

 deposited in the Treasury of the United States according to the acts 

 of Congress of August 10, 1846, and February 8, 1867. 



The receipts and expenditures for the year ending 30th June, 1880, 

 are as follows : 



KECEIPTS. 



Cash on hand, July 1, 1885 $23, 740 82 



Interest received, July 1, 1885, to July 1, 1886 . . 42, 180 00 



$65, 920 82 



EXPENDITUKES. 



Building, furniture, and fixtures $3, 374 56 



General expenses, salaries, &c 22, 228 30 



Publications and researches 13, 533 99 



Literary and scientific exchanges 2, 005 80 



Total exi)enditure 41, 142 65 



Balance, cash on hand $24, 784 17 



This balance will be required for the current operations of the Insti- 

 tution for the ensuing six months. 



The necessity for compliance with the usual requirements of Govern- 

 ment service does not exist in the operations of the Institution, for the 

 accounts are audited only by its executive committee and all expenditures 

 are controlled by the Secretary. It has been deemed proper, however, 

 to throw all the safeguards possible around the financial operations, so 

 that anything like defalcation or peculation should be rendered impos- 

 sible. 



The appropriations made by Congress for the Museum, international 

 exchanges, &c., in charge of the Smithsonian Institution have been 

 disbursed as usual by officers of the Interior and Treasury Dei^art- 

 ments, the vouchers receiving examination and approval of the proper 

 Auditor and Comptroller. A full account of the expenditures of the 

 Institution is given in the report of the Executive Committee. ' 



BUILDINGS. 



There is not much to say in regard to the subject of the buildings in 

 charge of the Smithsonian Institution. No material alterations have 

 taken place in the series, consisting of the Smithsonian central build- 

 ing, the National Museum building, the Armory building, the Labor- 

 atory building, and the Annex building. The last-mentioned edifice 

 was constructed for the purpose of making up the exhibit for the New 

 Orleans Exposition, and has been necessarily continued in use in the 



