———————————————-+————————————+————-+—————- | Exposition days. | | Date. +————————————+ Sundays | Total. | Paid. | Free. | (free). | ———————————————-+——————+—————-+————-+—————- April 30 and May …………. | 667,772 | 1,102,656 | 70,847 | 1,841,275 June ……………………. | 1,382,865 | 1,016,281 | 49,373 | 2,448,519 July ……………………. | 1,514,743 | 928,224 | 55,298 | 2,498,265 August ………………….. | 1,992,248 | 1,096,498 | 45,477 | 3,134,223 September ……………….. | 2,683,511 | 968,262 | 52,182 | 3,703,955 October …………………. | 2,758,149 | 864,180 | 64,107 | 3,686,436 November and December 1 …… | 1,805,328 | 914,138 | 34,398 | 2,753,864 +——————+—————-+————-+—————- Total ……………….. | 12,804,616 | 6,890,239 | 371,682 | 20,066,537 ———————————————-+——————+—————-+————-+—————-
Concessions.
We have agreed the amount of collections reported by the treasurer, together with the amount of bills still outstanding, with the amount of bills rendered (after deducting allowances and rebates), as reported by the concessions department. Inasmuch as all bills originated in the concessions department and the collections were made by the treasurer, we think this reconciliation affords a satisfactory check on the receipts reported by the treasurer.
We have also looked into the system in this department, and believe that it was well calculated to secure, as far as possible, the proper collection of revenues accruing due to the exposition.
The net receipts of this department, as shown by its records, are as follows:
Pike rentals ……………………………. $218,187.50
Concessions revenue:
Exposition period ………………………. 2,812,995.59
Pre-exposition period ……………………. 32,366.06
Post-exposition period …………………… 1,855.54
——————
3,065,404.69
The difference between this figure and the total of $3,076,958.69, shown in the inclosed accounts, consists of refunds of $15,554, which are treated in the statement as disbursements, less $4,000 rents collected by the concessions department, credited in the statement against the rent paid by the company, as the latter practically acted only as agent in the transaction.
Under the lease of the Catlin tract, on which the greater part of the concessions were built, sureties were required, and for the protection of these sureties and of sureties under other bonds it was arranged that all ground rentals received from concessions on the "Pike" should be paid into a special fund for the purpose of securing such sureties against loss in respect of the bonds given by them. Upon the books of the company, therefore, the above figure of "Pike rentals" has been credited to a separate fund account, together with an amount of $2,580.68 interest allowed on this fund.
There was withdrawn from this fund the sum of $100,000 on account of payment of rentals of the tract, and the fund now amounts to $120,768.18, as shown among the cash balances in the inclosed statement.