104 Report of the President 



The Special Endowment has been increased by the gift of 

 $10,000 from Mrs. Russell Sage, which has been set aside as 

 the Margaret Olivia Sage Fund, the income of which is to be 

 devoted to the development of the bird collections. 



As the name implies, in the City Maintenance Account are 



received and disbursed the moneys that are appropriated by the 



City for the operating expenses of the Mu- 



Acc y o^t aIntenanCe seum ' In I9l6 > this amounted t0 $212,999, 

 of which $197,342 was applied to salaries 



and expenses and $15,657 to the making of special repairs to 

 the building. However, owing to the insufficiency of this ap- 

 propriation, the Trustees were obliged to apply $65,000 of their 

 own funds to the maintenance of the Museum. 



The moneys of the Trustees' General Account include the 

 income from the General Endowment, the 



Account 8 ' GeneraI income from the Morris K. Jesup Fund, 

 membership fees and personal contributions 



of Trustees. The principal items are as follows : 



Income from Morris K. Jesup Fund $202,050.86 



Income from General Endowment Fund 57,211.88 



Membership Fees 29,344.00 



Personal Contributions of Trustees 43,500.00 



The Treasurer's books show a balance on hand December 

 31, 1916, of $116,559.23. 

 The balance is made up as follows : 



Proceeds of four notes of the United States Trust Company 



of New York $75,000.00 



Trustees' Unrestricted Funds : 



Sum reserved to meet pledges and obligations of 



1916 $5,495-00 



Unexpended income 2,985.28 8,480.28 



Trustees' Restricted Funds : 



Sum reserved to meet pledges and obligations of 



1916 $25,842.62 



Unexpended income 7,236.33 33,078.95 



$ii6,559-23 



