REPORT OF EXECUTIVE COMMITTEE. 113 



Explorations, researches, and collections $5, 094. 19 



Hodgkins specific fund, researches, and publications , 6,498.24 



International Exchanges 5, 8S7. 92 



Gallery of Art 190.05 



Langley Aerodynamical Laboratory . 2,032.60 



Deposit to credit of permanent fund 4,000.00 



Advances for field expenses, etc 25,619.17 



Bills receivable, certificates of deposit 25, 000. 00 



124, 127. 98 

 Deposited with the Treasurer of the United States and 



in bank $9,032. 56 



Cash on hand 200.00 



— $9, 232. 56 



133, 360. 54 



The itemized report of the auditor confirms the foregoing state- 

 ment of the balances, receipts, and expenditures, and is approved. A 

 summary of the report follows : 



Capital Audit Co., Metropolitan Bank Building, 



Washington, D. C, August 2/j, 1917. 

 Executive Committee, Board of Regents, Smithsonian Institution. 



Sir : We have examined the accounts and vouchers of the Smithsonian In- 

 stitution for the fiscal year ended June 30, 1917, and certify the following to be 

 a correct statement : 



Total disbursements $124, 127. 98 



Total receipts 88, 649. 52 



Excess of disbursements over receipts 35,478.46 



Amount from July 1, 1916 44,711.02 



Balance on hand June 30, 1917 9, 232. 56 



Balance as shown by Treasury statement as of June 30, 1917 12, 057. 71 



Less outstanding cheques 4, 110. 67 



Balance 7, 947. 04 



Balance American National Bank 1, OSS. 52 



Cash on hand 200.00 



Balance June 30, 1917 9,232.56 



The vouchers representing payments from the Smithsonian income during 

 the year, each of which bears the approval of the Secretary, or in his absence, 

 of the Acting Secretary, and a certificate that the materials and services 

 charged were applied to the purposes of the Institution, have been examined 

 in connection with the books of the Institution and agree with them. 



Capital Audit Co., 

 By William L. Yaeger, President. 

 All payments are made by check signed by the Secretary on the 

 Treasurer of the United States and all revenues are deposited to the 

 credit of the same account, except in some instances small deposits 

 are now made in bank for convenience of collection. 



