Maintenance of Museum 119 



disbursements to the end of the preceding month and the esti- 

 mated receipts and disbursements to the end of the year, in- 

 cluding all orders placed, salaries due to December 31 and the 

 amount of departmental allowances and reserves available. 

 The strict adherence to a budget system is one of the reasons 

 for the satisfactory financial status of the Museum accounts. 

 The total disbursements for 1920 were $844,033.85, compared 

 with $647,382.95 for 1919. 



In order to keep the various classes of funds distinguishable 

 from one another, they are kept in five major accounts, namely, 



Endowment and Investment Account 

 City Maintenance Account 

 General Account 

 Morris K. Jesup Fund Account 

 Special Funds Account 



and four minor accounts, namely, 



Crocker Land Expedition Fund Account 



Corporate Stock Account 



Incidental Account 



Museum Building Fund Account 



The details of the receipts and disbursements of each account 

 will be found under the respective headings in the Treasurer's 

 Report, pages 125 to 143. 



The Endowment and Investment Account is solely for the 

 transactions relating to the moneys received and disbursed 

 for investment. The principal additions to the 

 Endowment capital of the Endowment during 1920 were the 

 ment Account ^ rst payment, amounting to $1,000,000, on ac- 

 count of the Margaret Olivia Sage Bequest (the 

 details of the disposition of which are clearly shown in the 

 footnote on page 126) ; the bequest of Augustus D. Juilliard 

 of $100,000; of Helen C. Juilliard of $50,000, and of Fanny 

 Bridgham of $15,000, which witn subscriptions and member- 

 ship fees show a total of $1,173,700. During the year, on 

 advice of the Advisory Committee on Investments, the Finance 

 Committee sold certain stocks of the Morris K. Jesup Fund, 



