10 



DAVENPORT ACADEMY OF NATURAL SCIENCES. 



ladies' SPECIAL FUND. 



Receipts. 



Cash from entertainments 88"3 73 



Cash from subscriptions 48 73 



Cash from other sources 36 05 



Cash from Endowment Fund 67 



8fl59 2-2 



Expenditures. 



Paid expenses of entertainments $183 43 



Paid for grading and fencing 128 35 



Paid for plastering and finishing 45 12 



Paid for drawers for Curator 40 75 



Paid to Endowment Fund 455 36 



Balance cash on hand, Jan 1, 1879 104 21 



8959 22 



RECAPITULATION 

 Eeceipts. 



Cash on General Fund g 433 19 



Cash on Endowment Fund 2,013 29 



Cash on Ladies' Special Fund 958 53 



Total receipts $3,404 03 



Expenditures. 



Paid on account General Fund $ 813 65 



Paid on account Endowment Fund.. 2,071 07 

 Faid on acc'at Ladies' Special Fund.. 399 65 

 Cash on hand, Jan. 1, 1879 119 66 



Total expenditures S3,404 03 



Deducting from the amount of total receipts ($3,401.0o) the amount of 

 money borrowed (SI, 300), and it leaves the sum of §2,104.03 as the actual 

 receipts from all sources during the year. 



ESTIMATES FOR COMING YEAR. 



Expenses. 



Janitor $130 00 



Gas .36 00 



Coal 50 00 



Insurance 12 50 



Stationery and postage 30 00 



Freight and express 4000 



Interest I.50 00 



S4;iS50 



Receipts. 



From annual dues 



Initiation fees 



J325 00 

 100 00 



$425 00 



It will thus be seen that the receipts from dues of members and initia- 

 tion fees will more than provide for ordinary running expenses, and 

 furnish nearly enough to meet the extraordinary item of interest. There 

 are items of expense, such as amounts paid for explorations, investiga- 

 tions, and other extraordinary expenditures, but as these are usually 

 provided for by subscriptions or festivals, they are not included in the 

 above estimates. In like manner the funds are raised to carry on the 

 publication, and hence no estimates are made therefor. 



INDEBTEDNESS. 



Aside from the general indebtedness above referred to, there still 

 remains due, on account of Endowment or Building Fund, the sum of 

 $1,500, which is drawing ten per cent, interest. This loan was made of 

 Mrs. P. V. Newcomb, on the simple notes of the Academy, without 

 mortgage or other security. The Academy should be relieved from this 

 burden at the earliest practicable moment. Doubtless this can be done 

 by subscription. Several persons have heretofore made liberal offers to 

 join in any such subscription which should liquidate the entire indebted-' 

 ness of the Society. The depression in business has, however, been so 

 great during the past year, it has not been deemed advisable to ask this 



