REPORT OF FINANCE COMMITTEE. 9 



Report of Finance Committee. 



To the Board of Trustees Davenport Academy of Natural Sciences^ 



Gentlemen :— It is made the duty of the Finance Committee to ex- 

 amine into the business affairs of the Academy, and to report the results 

 at the annual meeting. Having made careful examination of the various 

 accounts, your Committee would respecifully submit the following 

 report, viz : 



GENERAL FUND. 



The entire receipts and expenditures on this account are as follows : 



Jieceijits. 



Cash on hand, January 2, 1878 ....$ 14 69 



Cash from annual dues 208 00 



Cash from initiation fees 99 00 



Cash from Art Association .35 00 



Cash from Medical Society 9 00 



Cash from Endowment Fund 431 60 



Cash from other sources 6 50 



Sxpendifures. 



Amount paid janitor ..$142 2.t 



Amount paid gas 47 95 



Amount paid coal 54 15 



Amount paid freight and express 53 03 



Amount paid rent old lOoms 72 92 



Amount paid insurance 52 59 



Amount paid commissions 15 70 



Amount paid extra services* etc 89 50 



Amount paid sundries .56 65 



Amount paid publication 219 00 



Amount paid Endowment Fund 24 69 



Cash on hand , 15 45 



$853 79 



The Treasurer's report shows unpaid orders on this account of $144.11, 

 and this while the receipts for the year have more than paid its ordinary 

 running expenses. This was because of outstanding indebtedness exist- 

 ing at the commencement of the year, and which has been liquidated^ 

 as shown by Treasurer's report. To meet this there remains uncollected 

 dues to the amount of $111, making with the $15.45, cash on hand, an 

 aggregate of $125.45, and leaving only a small deficiency. 



ENDOWMENT FUND. 



$853 79 



Beceipts. 



Cash from Dr. Cochran, Treasurer.. .$ 20'i 92 



Cash from ladies' special fund 455 36 



Cash from subscriplious 501 70 



Cash from loans l,30ii 00 



Cash from General Fund 24 69 



Cash from interest 10 67 



$2,493 34 



Expenditures. 



Amount paid E. Baker, grading % 96 tft 



Amount paid F. Kirk, building 1,169 94 



Amount paid Mrs. Newcomb 223 50 



Amount paid extra on building 248 64 



Amount paid Mrs. Fitch note 300 00 



Amount paid interest 32 24 



Amount paid to General Fund 42160 



Amount paid ladies' special fund 67 



$2,493 34 



There are several items included in this account which properly belong 

 to the General Fund account, and to that extent the loan was for the 

 benefit of that fund, but that part of the loan having been paid, this 

 complication is thereby removed. 



[Reports, D. A. N. S., 1878.] 



[Jan., 1879.] 



