118 Report of the Treasurer 



Finances, Maintenance, Endowment 



For the first time in the history of the Museum, the annual 

 operating expenses have exceeded a million dollars, of which the 

 City has provided approximately one third. 



The disbursements are made under an itemized budget, ap- 

 proved by the Trustees at the Annual Meeting, which is followed 

 closely throughout the year. At least quarterly, or even more 

 frequently, a full statement of the financial condition of the 

 Museum is rendered to the Board. Thus the Trustees are en- 

 abled to make any necessary modifications of the budget, as the 

 work of the year progresses. 



The details of the receipts and disbursements of the several 

 accounts are given in the Treasurer's Report, pages 123 to 135. 

 The form and arrangement of this statement differs somewhat 

 from those of former years. In order to present the details in 

 a more compact form wherever practicable the receipts and dis- 

 bursements of an account are given on a single page. 



The general summary of all the accounts is as follows : 



Operating Accounts: 



Receipts Disbursements Balances Deficit 

 Morris K. Jesup Fund 



Account $300,228.35 $278,273.50 $21,954.85 



General Account 199,681.45 246,479.77 $46,798.32 



City Maintenance 



Account 366,547.46 351,547.46 15,000.00 



Special Funds Account 229,968.23 184,312.25 45,655.98 

 Corporate Stock 



Account 19,348.00 19,348.00 



Totals $1,115,773.49 $1,079,960.98 $82,610.83 $46,798.32 



Othek Accounts: 



Endowment and Invest- 

 ment Account $112,120.76 $42,994.91 $69,125.85 



Museum Building Fund 

 Account 5,245.52 5,245.52 



Incidental Account ... 5,487.19 5,004.04 483.15 



Crocker Land Expedi- 

 tion Fund Account.. 15,600.00 15,600.00 



Totals $138,453.47 $63,598.95 $74,854.52 



Grand Totals . .$1,254,226.96 $1,143,559.93 $157,465.35 *$46,798.32 



The deficiency in the General Account is due to the fact that ex- 

 pected accrued interest on the balance of the Sage Bequest was not re- 

 ceived in 1921. This deficiency, however, is temporary because the ac- 

 crued interest above mentioned is being reserved to meet this deficiency 

 when the interest is received, which will probably be in 1922. 



