﻿REPORT 
  OF 
  THE 
  EXECUTIVE 
  COMMITTEE 
  95 
  

  

  The 
  report 
  of 
  the 
  audit 
  of 
  the 
  Smithsonian 
  private 
  funds 
  is 
  given 
  

   below 
  : 
  

  

  September 
  23, 
  1943. 
  

   Executive 
  Committee, 
  Board 
  of 
  Regents, 
  

  

  Smithsonian 
  Institution, 
  Washington, 
  D. 
  C. 
  

  

  Sirs 
  : 
  Pursuant 
  to 
  agreement 
  we 
  have 
  audited 
  the 
  accounts 
  of 
  the 
  Smithsonian 
  

   Institution 
  for 
  the 
  fiscal 
  year 
  ended 
  June 
  30, 
  1943, 
  and 
  certify 
  the 
  balance 
  of 
  

   cash 
  on 
  hand, 
  including 
  Petty 
  Cash 
  Fund, 
  June 
  30, 
  1943, 
  to 
  be 
  $673,598.43. 
  

  

  We 
  have 
  verified 
  the 
  record 
  of 
  receipts 
  and 
  disbursements 
  maintained 
  by 
  the 
  

   Institution 
  and 
  the 
  agreement 
  of 
  the 
  book 
  balances 
  with 
  the 
  bank 
  balances. 
  

  

  We 
  have 
  examined 
  all 
  the 
  securities 
  in 
  the 
  custody 
  of 
  the 
  Institution 
  and 
  in 
  

   the 
  custody 
  of 
  the 
  banks 
  and 
  found 
  them 
  to 
  agree 
  with 
  the 
  book 
  records. 
  

  

  We 
  have 
  compared 
  the 
  stated 
  income 
  of 
  such 
  securities 
  with 
  the 
  receipts 
  of 
  

   record 
  and 
  found 
  them 
  in 
  agreement 
  therewith. 
  

  

  We 
  have 
  examined 
  all 
  vouchers 
  covering 
  disbursements 
  for 
  account 
  of 
  the 
  

   Institution 
  during 
  the 
  fiscal 
  year 
  ended 
  June 
  30, 
  1943, 
  together 
  with 
  the 
  authority 
  

   therefor, 
  and 
  have 
  compared 
  them 
  with 
  the 
  Institution's 
  record 
  of 
  expenditures 
  

   and 
  found 
  them 
  to 
  agree. 
  

  

  We 
  have 
  examined 
  and 
  verified 
  the 
  accounts 
  of 
  the 
  Institution 
  with 
  each 
  trust 
  

   fund. 
  

  

  We 
  found 
  the 
  books 
  of 
  account 
  and 
  records 
  well 
  and 
  accurately 
  kept 
  and 
  the 
  

   securities 
  conveniently 
  filed 
  and 
  securely 
  cared 
  for. 
  

  

  All 
  information 
  requested 
  by 
  your 
  auditors 
  was 
  promptly 
  and 
  courteously 
  

   furnished. 
  

  

  We 
  certify 
  the 
  Balance 
  Sheet, 
  in 
  our 
  opinion, 
  correctly 
  presents 
  the 
  financial 
  

   condition 
  of 
  the 
  Institution 
  as 
  at 
  June 
  30, 
  1943. 
  

  

  Respectfully 
  submitted. 
  

  

  William 
  L. 
  Yaeger, 
  

   Certified 
  Public 
  Accountant 
  

  

  Kespectf 
  ully 
  submitted. 
  

  

  Frederic 
  A. 
  Delano, 
  

   Vannevar 
  Bush, 
  

   Clarence 
  Cannon, 
  

  

  Executive 
  Committee. 
  

  

  