1961-1962 - American Museum of Natural History

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NOTES TO FINANCIAL STATEMENTS 1. The land, buildings and equipment utilized by the Museum are either owned by the City of New York or were charged off at the time of purchase and, therefore, are not reflected in the balance sheet. Land and buildings owned by the Museum are not significant in amount. No valuation of exhibits, collections, library, etc., has been established for balance sheet purposes. Investments are recorded at cost in respect of those purchased, and in respect of those acquired by gift, bequest or otherwise, at market valuations at the dates of acquisition, probate court valuations or valuations established by the trustees. 2. The Museum owns an interest in certain mining properties acquired through a bequest. No valuation has been recorded on the books for the interest in these properties and, therefore, it is not reflected in the balance sheet. However, the Museum receives royalties from this source and such royalties are recorded, when received, as additions to unrestricted funds functioning as endowment (as bequests) or to current general funds. During the years ended in 1962 and 1961 royalties received, net of expenses, amounted to $50,323 and $91,763, respectively, of which approximately $50,000 was credited to general funds (other income) in each year. 3. The Planetarium Authority is operated under the supervision of the Museum's management. Its financial statements and the auditors' opinion with respect thereto are annexed. Interest income received from the Planetarium amounted to $25,650 in each of the years ended in 1962 and 1961. These amounts are included in other income of the general funds. 4. Other income of the general funds for the years ended in 1962 and 1961 includes net income from magazine and book shop operations of $6,569 and $16,357, respectively. Gross income from magazine and book shop operations amounted to $1,024,241 and $1,005,819 for the respective years. 5. The Museum has remaining commitments of unrestricted funds of $140,000 and $47,100 representing the respective maximum amounts which the Museum may be required to expend in connection with completion of alterations to the existing electrical system and modernization of the auditorium. 72
LYBRAND, ROSS BROS. & MONTGOMERY Certified Public Accountants The Board of Trustees, The American Museum of Natural History, New York, N. Y. We have examined the balance sheet of THE AMERICAN MUSEUM of NATURAL HISTORY as of June 30, 1962 and the related statements of funds for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. We made a similar examination for the year ended June 30, 1961. In our opinion, the accompanying balance sheets and related statements of funds present fairly the financial position of the Museum at June 30, 1962 and 1961 and the results of its operations for the years then ended, on a consistent basis. New York, August 10, 1962. Lybrand, Ross Bros. & Montgomery 73
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NINETY-THIERD ANNUAL REPORT THE AME
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NINETY-THIRD ANNUAL REPORT OF THE P
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lege student, and for the growing a
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educational contributions, and thei
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REPORT OF THE DIRECTOR Members of a
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Minnesota were before the state int
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The exhibits comprise the Museum's
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the staff who retired after fruitfu
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projects on which good progress was
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in comparison with a group of unope
Page 23 and 24: Hall of the Peoples of Africa, and
Page 25 and 26: ers of the "Stratoscope" systems, t
Page 28 and 29: dition, the newly appointed directo
Page 30 and 31: thoini, and this revision, the firs
Page 32 and 33: A study of fossil calcareous sponge
Page 34 and 35: tailed lizards (Cnemidophorus). Mr.
Page 36 and 37: ior of the young of many species of
Page 38 and 39: tracts, as well as the implantation
Page 40 and 41: Dr. Koopman, formerly on the staff
Page 42 and 43: ment during the year was an Abyssin
Page 44 and 45: The meeting of the International Mi
Page 46 and 47: larks (genus Sturnella) and crested
Page 48 and 49: Approximately 9000 complete teeth,
Page 50 and 51: anisms in certain highly variable m
Page 52 and 53: abundance of these vertebrates. It
Page 54 and 55: any, entomology, herpetology, ichth
Page 56 and 57: increase was not unexpected; it had
Page 58 and 59: Progress on the new Hall of North A
Page 60 and 61: nearly five months in the First Flo
Page 62 and 63: the Library borrowed for use by Mus
Page 64 and 65: members of the museum profession fo
Page 67 and 68: THE AMERICAN MUSEUM OF NATURAL HIST
Page 69 and 70: [ATURAL HISTORY ), 1962 and 1961 FU
Page 71 and 72: SPECIAL FUNDS SUMMARY STATEMENTS OF
Page 73: PENSION FUNDS SUMMARY STATEMENTS OF
Page 78 and 79: Cash Accounts receivable Inventory,
Page 80 and 81: STATEMENTS OF INCOME, EXPENSES AND
Page 82 and 83: LYBRAND, ROSS BROS. & MONTGOMERY Ce
Page 84 and 85: MRS. RICHARD DERBY JAMES C. GREENWA
Page 86 and 87: Anthropology (continued) STANLEY A.
Page 88 and 89: Ichthyology CHARLES M. BREDER, JR.,
Page 90 and 91: Vertebrate Paleontology (continued)
Page 92 and 93: GRAPHIC ARTS JOSEPH M. SEDACCA, Chi
Page 94 and 95: CORRESPONDING MEMBERS Through honor
Page 96 and 97: DR. RAYMOND C. MOORE University of
Page 98: Press of Conway Printing Co., New Y
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1961-1962 - American Museum of Natural History

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