SR_DPI_DNE_Special_Subject_File_B5F1_Durham_NC_College_Negroes_053

Raleigh, N.C. December 5th. 1925
Hon. Baxtor Durham,
State Auditor
Raleigh, N.C.

My Dear Sir:-
In accordance with your insturction I have audited the books and accounts of the North Carolina College for Negroes at Durham, N.C. for a period beginning July 1st. 1924 and ended June 30th 1925 and resoecfully submit the following report as a result of said audit.

We were seriously handicapped in our audit owing to the fact that all the vouchers during this period were classified in accordance with a different Budget system than the one prescribed by your Office, necessitating the re-classificatio of every voucher in order to conform to the States System. : And further owing to the fact that a fire occured at the Institution the latter part of January 1925, which destroyed all the record, necessitating the securing of duplicatet vouchers and reports from the State Board of Education.

The following Exhibits and Schedules show the true condition of the Institution as of July 1st 1925

Exhibit "A" - Assets, Liabilities and New Worth July 1st. 1925
Exhibit "B" - Receipts and Disbursements of the Maintenace Fund for Fiscal Year
Exhibit "C" - Receipts and Disbursements of the Building Fund for Fiscal Year
Schedule 1 - Students Accounts Receivable July 1st. 1925
Schedule 2 - Floating Debt July 1st. 1925
Schedule 3 - Per Capita Cost during the Fiscal Year. Exhibit "13"

The Note for 6,431.84 as shown in the Liabilities was borrowed for the construction of Water Mains to tap onto the City's Water works works and it is expected that the city will take over same.

During our examination every courtesy was extended us and every facility offered to secure the information desired.

Respecfully submitted
J J Bernard [Signature]
Ceritified Public Accountant