REPORT OF THE EXECUTIVE COMMITTEE 121 



Miss Mary Jane Rathbun, memorial fund to Richard Rathbun. 

 Viking Fund, for researches among the Iroquois Indians. 



All payments are made by check, signed by the Secretary of the 

 Institution on the Treasurer of the United States, and all revenues are 

 deposted to the credit of the same account. In many instances deposits 

 are placed in bank for convenience of collection and later are with- 

 drawn and deposited in the U. S. Treasury. 



The foregoing report relates only to the private funds of the 

 Institution. 



The following annual appropriations were made by Congress for 

 the Government bureaus under the administrative charge of the Smith- 

 sonian Institution for the fiscal year 1945 : 



Salaries and Expenses $1, 224, 090. 00 



National Zoological Park, D. C 334, 651. 00 



Cooperation with the American Republics (transfer from State 

 Department) 67, 432. 00 



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

 below : 



Septembeb 26, 1945. 



Executive Committee, Board of Regents, 



Smithsonian Institution, Washington, D. O. 



Siks : Pursuant to agreement we have audited the accounts of the Smith- 

 sonian Institution for the fiscal year ended June 30, 1945, and certify the balances 

 of cash on hand, including Petty Cash Fund, June 30, 1945, to be $762,118.09. 



We have verified the records 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 

 records 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, 1945, 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, 1945. 



Respectfully submitted. William L. Yeager, 



Certified Public Accountant. 



Respectfully submitted. 



Frederic A. Delano, 

 Vannevar Bush, 

 Clarence Cannon, 



Executive Committee. 



