REPORT OF THE EXECUTIVE COMMITTEE 203 



Included in the above list of gifts and contributions are reimbursable 

 contracts. 



The foregoing report relates only to the private funds of the 

 Institution. 



The following appropriations were made by Congress for the 

 Government bureaus under the administrative charge of the Smith- 

 sonian Institution for the fiscal year 1957 : 



Salaries and expenses $4, 425, 000. 00 



National Zoological Park 720, 000. 00 



Museum of History and Technology 33, 712, 000. 00 



The appropriation made to the National Gallery of Art (which is 

 a bureau of the Smithsonian Institution) was $1,505,000.00. 



In addition, funds were transferred from other Government 

 agencies for expenditure under the direction of the Smithsonian 

 Institution as follows : 



Working funds, transferred from the National Park Service, Interior 

 Department, for archeological investigations in river basins 

 throughout the United States $108, 500. 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 19, 1957. 

 The Board of Regents, 



Smithsonian Institution, 

 Washington 25, D. C. 



We have examined the financial statements and schedules, as listed in the 

 accompanying index, of the Smithsonian Institution relative to its private 

 endowment funds and gifts (but excluding the National Gallery of Art and other 

 departments, bureaus or operations administered by the Institution under 

 Federal appropriations) for the year ended June 30, 1957. Our examination 

 was made in accordance with generally accepted auditing standards, and accord- 

 ingly included such tests of the accounting records and such other auditing 

 procedures as we considered necessary in the circumstances. 



The Institution maintains its accounts on a cash basis and does not accrue 

 income and expenses. Land, buildings, furniture, equipment, works of art, 

 living and other specimens and certain sundry property are not included in the 

 accounts of the Institution. 



In our opinion, the accompanying financial statements present fairly the 

 position of the private funds and the cash and investments thereof of the 

 Smithsonian Institution - at June 30, 1957 (excluding the National Gallery of 

 Art and otber departments, bureaus or operations administered by the Institu- 

 tion under Federal appropriations) and the cash receipts and disbursements for 



