Trustees Records, Vol. 5, 1870 (page 367)

Report of Com on Finance referred to at page 108

The Board of Trustees
of Mount Auburn Cemetery.
Boston, October 11, 1871.

The Committee on Finance take this occasion to
bring to the attention of the Board the financial
condition of the corporation.

It is well known that to complete the improve-
ments commenced by our predecessors, and carry
forward those voted by the Board, – the purchase of
the "Watriss Lot", and the fencing the same, have made
quite an inroad into the savings of previous years
which had been invested.

Last year the expenditures exceeded the income,
and showed the available funds on hand $30,943.04
against $50,916.21 the previous year.

The enclosed exhibit made by the Treasurer Sept.
28, 1871, of the estimated expenditures and receipts
for the balance of the present year shows a deficit
of $16,549.88. This would reduce our available means
to $14,393.16 and compel us to sell U. S. stocks to
make good the deficiency.

But to place the Sphynx in place we think
will involve an expenditure not ennumerated in the
Treasurer's estimate.

The sum of $14,393.16 is too small for us to rely
upon.

Without quetioning our action in the improvements