REPOKT OF EXECUTIVE COMMITTEE. 107 
Deposited with Treasurer of the United States and in 
bank $1, 922. 78 
Cash on hand 200. 00 
$2, 122. 78 
145,390.4a 
The itemized report of the auditor confirms the foregoing state- 
ment of receipts and expenditures, and is approved. A summary of 
the report follows : 
Capital Audit Co., 
Meteopolitan Bank Building, 
Washington, D. C. 
Executive Committee, Board of Regents, Smithsonian Institution. 
Sirs : We have examined the accounts and vouchers of the Smithsonian Insti- 
tution for the fiscal year ended June 30, 1919, and certify the following to be u 
correct statement : 
Total receipts $144, 100. 53 
Total disbursements 143, 267. 65 
Excess of receipts over disbursements 832. 88 
Amount from July 1, 1918 1,289.90 
Balance on hand June 30, 1919 2, 122. 78 
Balance, as shown by treasurer's statement, as of June 30, 1919 3, 779. 06 
Less outstanding checks 3,304.73 
Balance 474.33 
Balance, American National Bank 1, 448. 45 
Cash on hand 200.00 
Balance June 30, 1919 2, 122. 78 
The vouchers representing payments from the Smithsonian income during the 
year, each of which bears the approval of the secretary or, in his absence, of the 
acting secretary, and a certificate that the materials and services charged were 
applied to the purposes of the Institution, have been examined in connection 
with the books of the Institution and agree with them. 
Capital Audit Co., 
By William L. Yaeger, President. 
All payments are made by check, signed by the secretary, on the 
Treasurer of the United States, and all revenues are deposited to the 
credit of the same account, except in some instances small deposits are 
now made in bank for convenience of collection. 
The practice of investing temporarily idle funds in time deposits 
has proved highly satisfactory. During the year the interest derived 
from this source has amounted to $1,048.10. 
Your committee also presents the following summary of appro- 
priations for the fiscal year 1919 intrusted by Congress to the care 
of the Smithsonian Institution, balances of previous appropriations 
at the beginning of the fiscal year, and amounts unexpended on 
June 30, 1919 : 
