http://e-archives.lib.purdue.edu/botpdf/BOTM19120914.pdfSeptember 14, 1912Fowler HallMeeting of Board of TrusteesPresent: Messrs. Downing, Stuart, Harris, Oliver, Ade, Hobbs, Foster, and Purcell.Minutes of June 11 and 12, 1912, read and approved.On Mr. Stuart’s motion, the president of the University was directed to draw warrants in payment of inheritance tax on Minnesota lands.The report of the Auditing Committee was received and approved, as follows:Report of the Auditing CommitteeTo the President and Board of Trustees of Purdue University.Gentlemen:The undersigned Auditing Committee respectfully report that they have made a personal examination of the books, papers, accounts and vouchers of the Secretary and Treasurer of the Board of Trustees of Purdue University for the fiscal year ending June 30, 1912, and that we find these correct, and we further report that the condition of the different funds of the University as shown by the books and accounts of said officers is as follows:Report to Auditing Committee: Year Ending June 30, 1912University FundsGeneral FundReceived during year ending June 30, 1912 $179504.01Paid on Warrants 32608-33686, both inclusive 179504.01Miscellaneous FundBalance June 30, 1911 $30948.22Received during year 82345.96Total $113294.18Paid on Warrants 1887-2645, both inclusive 88686.25Balance on hand June 30, 1912 $24 607.93Morrill FundReceived during year ending June 30, 1912 $50000.00Paid on Warrants 78-87, both inclusive 50000.00Endowment FundReceived during year ending June 30, 1912 $17000.00Paid on Warrants 14-16, both inclusive 17000.00Purdue University Agricultural Extension FundBalances on hand June 30, 1911 $1262.01Received during year 27500.00 $28762.01Paid on warrants 51-386 both inclusive 27202.34Balance on hand, June 30, 1912 $1559.67