REPORT OF THE STATE AUDITORoffice op the State AuditorCarson City, Nevada, January 21, 1944.The Honorable Board of Regents, University of Nevada, Reno, Nevada. Gentlemen: The accounts of office of Comptroller of the Univer¬ sity of Nevada have been audited for the period beginning January 1, 1943, and ending December 31, 1943.Results of the audit and the financial condition of the institution are reflected in the comments and the following schedules:Schedule No. 1. Balance Sheet.Schedule No. 2. EndowmentsSchedule No. 3. Receipts.Schedule No. 4. Disbursements.Schedule No. 5. Recapitulation.Schedule No. 6. Detail of Cash Balance.Schedule No. 7. Reconcilement of Revolving Fund.Schedule No. 8. Receipts and Disbursements, State Funds.Schedule No. 9. Recapitulation—All Funds.Appreciation is expressed for courtesies extended during the audit.": A7"erv truly yours,D. G. LaRue, State Auditor. cc—Hon. B. P. Carville, Governor,Hon. H. C. Schmidt, State Controller,Mr. C. H. Gorman, Comptroller, University of Nevada.COMMENTSDuring the calendar year 1943, the period covered by this audit, available funds increased by $93,447.60. The increase is divided as follows: Increase in Regents Fund Balance $24,630.65, and increase m State Fund Balance $68,816.95. This increase in fund balances at the close of the year is principally accounted for by the fact that dur¬ ing the period a considerable portion of the expense of the University ^as defrayed by the Federal Government in connection with the AVar training Program. During the year, income from State funds through taxation decreased by $37,458.07.Totals shown on Schedules No. 3 and No. 4, Receipts and Disburse¬ ments, are misleading without explanation. In each case, $127,500 "Ould be subtracted from the total in order to get a true picture of ctual receipts and disbursements. This is due to the fact that during ^j|e year, $127,500 of State bonds were called in for redemption ande amount was reinvested in U. S. Government bonds, and while the ^y ^^action increases totals on the books of the University, it in noy reflects a change in financial condition.
