Financial Administration 101 



FINANCES, MAINTENANCE, ENDOWMENT 



The character of the work of the Museum is so special and 

 at the same time so varied that the proper recording of all ex- 

 penditures is a somewhat complicated process. Simplicity of 

 statement is aimed at in the Report of the Treasurer. The 

 changes in the accounting system, devised by the Bursar, Mr. 

 Frederick H. Smyth, last year, especially the method of receipt 

 by check indorsement, have resulted in a considerable saving in 

 clerical work. At the same time the demands on the Bursar's 

 staff, because of Liberty Loan and Red Cross contributions, 

 have been greater than ever. 



The financial transactions of the Museum are recorded 

 under five major headings, namely, 



Endowment and Investment Account 

 City Maintenance Account 

 General Account 

 Morris K. Jesup Fund Account 

 Special Funds Account 



and four minor headings, namely, 



Crocker Land Expedition Fund Account 



Corporate Stock Account 



Incidental Account 



Museum Building Fund Account. 



A summary of the classifications of the disbursements of 

 these respective funds will be found on pages 108 to 123. 



The Endowment and Investment Account pertains entirely 

 to the receipts and disbursements of the capital of the Per- 



manent Endowment. The principal additions to 

 an( j the Endowment during the year consisted of 



Investment membership fees, amounting to $6,900, applied 



to the General Endowment Fund, and the bequest 

 of Anson W. Hard, amounting to $5,000, which is a special 

 endowment for the Library and which has been designated by 



