The Montgomery advertiser., 1908-08-22
UNIVERSITY
 EXAMINED Official Report on Vari-
 ous Funds. NO ADVERSE CRITICISM MADE Judge Purifoy Rendered Statement
 as of July ,, 1908. University Treasurer, Hon. J. H. Fitts, Is Found to Have Been Correct in Accounts--Oniy si0,z5s.7s
 in Building spent.
NO ADVERSE CRITICISM MADE

ury of the University of Alabama brought up to July ' was made pub He yesterday by authority of the Gov. ernor. who had received July 17th the report as made by Judge John Purifoy State Examiner of Public Accounts. The books, accounts and vouchers of Hon. J. H. Fitts. the University Treas urer. were examined carefully and found to have been correct in every particular.
 There was but one suggestion by Examiner Purifoy in the way of a change in the methods of presenting vouchers by University authorities.
 Tn my examination of the vouch- CTS showing expenses of trips by rep resentatives of the University" says Judge purifoy, T noted that several were not itemized. Section SIP of the present Political Code, 200S of the Code of 1So6.' Is broad enough in it's language to apply to all accounts paid from State funds. It has been in op- eration for long while and It's wis dom as not questioned.
 T would recommend that all such accounts, in future be itemized al least. I noted also that few of the itemized bills for which checks had been lesued were not correctly added resulting in errors invariably against the parties presenting their claims for payment. These errors were made by the claimants themselves. the check being issued for the sum claimed"
 In reporting on the accounts of the University. Judge Purefoy reviews the receipts and disbursements of six sep arate funds. These are: af1) Univer- sity Fund. (2) Students Fund, (s) Summer School Fund. (D Medical De- partment Fund, (5) Investment Fund, and lsl J. H. Fitts Scholarship Fund. The following balances were found to the. credit of these funds as of July Students, s6.oss.s7; Summer School, sS,2s5.1b; Investment. ss,76I4s, and ]. H. Fitts Scholarship. s205.ss.
 The examination of the University funds was made last on May 25 1907.
 The Examiner states that the an- nual appropriations of s3s,000 and s25.o00 made by Section 1872. of the code. and acts on which these appro- crtations are based; about $13,000 col lected from students. and a few thou sand dollars from the General Educa- tional Board for secondary education constitute the sources from which the University Fund proper Is derived
 student and Other Funds.
 The Students Fund is described by Judge Purifoy as being derived iron, the boarding department of the Uni. veraity and is dfsbursed for expenses accruing therein. The Summer School fund is derived from an appropriation of $5,O00 annually from the State Treasury and matriculatien fees and board from attendants. The Medical Department fund consists of the building fund for the Mobile Medf- cal College and the maintenance fund fthe same institution. In the time covered by the report, pr. T. H. Fra ger. Secretary-Treasurer of the col. lege. had received and disbursed a total of s52.500. drawn In six Install ments from the building fund and in semi-annual installments of S2,50O from the maintenance fund.
 The Investment Fund of the Uni- versity consists of the interest on Alabama bonds and other securities held to the credit of me institution. Judge Purifoy states that Treasurer Fitts. "has on file with the State Treasurer forty additional per cent. renewal Alabama bonds which are be- ing registered in the name of the University. This purchase absords the entire amount of investment fund on hand and leaves a small overdraft against the fund which he informs me will be easily liquidated by coliectiona in the near future"
 Royalties from coal taken from leased coal lands belonging to the Uni versity and collections of deferred payments and other payments on land sales constitute the sources of income for the Investment fund"
 Tn addition to the funds named !" said Judge Purifoy, treasurer FItts has received and disbursed certain amounts on account of a building fund. Since March II, 1908, Mir. Fitts has been charged with receipts of $50 273.i9 and has dibbursed a total of Sio,7bS.7s. leaving q balance to the credit of this fund of S3s,6l4.s0.
 Judge Purifoy reeapitulates the se- curities held in trust for the Uni- versity and the interest on which goes to the maintenance and support of the University. The total of securities on hand amounts at par to $297,741.61. All these securities says Judge Purf- foy, were Inspected by him.
 A separate accounting of the re- ceipts and disbursements on account of the Medical Department was made by Judge Purifoy. tnaemuch as by an act of the last Legislature what was previously known as the Mobile Ned fcal College was changed by name in- to the Medical Department of the University of which pr. Frazier is vouhhsrs were found to have been correctly kept.
 The books. accounts and vouchers of c. Fl. Jones. register and secretary to the President of the University. ware also examined by Judge Purifoy and found to have been properly kept.
 c. NJ. BROWN DEAD.