REPORT OF THE EXECUTIVE COMMITTEE 243 
Sailartestand su xpenses=s2s--255e 2 eas oe ee eee $7, 587, 800. 00 
National: Zoological Park. -2) 2220 22 22 sae canes ese eases 9538, 800. 00 
The appropriation made to the National Gallery of Art (which is 
a bureau of the Smithsonian Institution) was $1,790,100.00. 
In addition, funds were transferred from other Government agen- 
cies for expenditure under the direction of the Smithsonian Institu- 
tion as follows: 
Working Funds, transferred from the National Park Service, In- 
terior Department, for archeological investigations in river basins 
throughout, the: United States=——-—--——--—_ eee $162, 000. 00 
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 28, 1959. 
THE Board OF REGENTS, 
SMITHSONIAN INSTITUTION, Washington 25, D.C. 
We have examined the statement of private funds of Smithsonian Institution 
as of June 30, 1959 and the related statement of private funds cash receipts 
and disbursements for the year then ended. Our examination was made in 
accordance with generally accepted auditing standards, and accordingly included 
such tests of the accounting records and such other auditing procedures as we 
considered necessary in the circumstances. 
Land, buildings, furniture, equipment, works of art, living and other speci- 
mens and certain sundry property are not included in the accounts of the 
Institution ; likewise, the accompanying statements do not include the National 
Gallery of Art and other departments, bureaus, and operations administered 
by the Institution under Federal appropriations. The accounts of the Institu- 
tion are maintained on the basis of cash receipts and disbursements, with the 
result that the accompanying statements do not reflect income earned but not 
collected or expenses incurred but not paid. 
In our opinion, subject to the matters referred to in the preceding para- 
graph, the accompanying statement of private funds presents fairly the assets, 
unexpended funds and endowments of the private funds of Smithsonian Institu- 
tion at June 30, 1959; further, the accompanying statement of private funds 
cash receipts and disbursements, which has been prepared on a basis consistent 
with that of the preceding year, presents fairly the cash transactions of the 
private funds for the year then ended. 
PEAT, MARWICK, MITCHELL & Co. 
Respectfully submitted. 
/s/ FRopsert V. FLEMING 
/8s/ CLARENCE CANNON 
/s/ Caryt P. Haskins 
Executive Committee. 
