62 Report of the President 



III.— FINANCES, MAINTENANCE, ENDOWMENT 



As has been the custom for several years, the financial 

 transactions of the Museum have been carried in three separate 

 accounts, namely, the City Maintenance Account, the General 

 Account and the Special Funds Account. The details of the 

 receipts and disbursements thus classified will be found in the 

 Treasurer's Report, pages 65 to 75, inclusive. All books and 

 vouchers of these accounts have been duly examined and 

 certified by the Audit Company of New York. 



The Treasurer's report is different in form from previous 

 reports in that the net expenditures for the several depart- 

 ments are shown in each account. Formerly the gross 

 expenditures only were given. Under the heading "reimburse- 

 ments," on the disbursement side of the accounts, will be found 

 the amounts which must be added to the net expenditures of 

 any department to make the gross expenditures of that 

 department. 



The following summary will show the general receipts and 

 disbursements for the past ten years : 



Summary of Annual Expenditures Summary of Total Expenditures 

 Eor All Purposes Exclusive in Ten Years, 1901-1910 



OF SPECIAL FUNDS, I 9 OI-I 9 IO ^^ appropriatk)n 



1901 $203,811.27 by City for Main- 



I9° 2 219,787.14 tenance (10 years) $1,625,687.62 



Total appropriation 



1903 228, 508. 78 



T 9°4 2 35>04 1.33 ' by" Trust7es~7or 



x 9°5 233,885.23 Maintenance, Col- 



x 9° 6 2 l 9 'lV' 3 l Actions, etc. (10 



x 9°7 250,779-96 } ) 1,300,813.05 



1908 275,419.07 



1909 323,369.89 



1910 314,879.69 



Estimated value of 

 Collections dona- 

 ted during past 10 

 $2,525,079.75 years 2,000,000.00 



City Maintenance Account. — The appropriation by the 

 City in 1910 for this purpose was $185,757. This sum, how- 

 ever, as in previous years, has been quite inadequate to meet 

 the cost of maintaining the Museum, and the Trustees have 

 drawn on their other funds to the extent of $43,502.38 to meet 

 expenses which are properly chargeable to the City funds. Such 

 disbursements, however, have been made directly from the 



