SRI S FINANCIAL EXPENDITURES THROUGH 29 JUNE 1974

• Document Type: CREST
• Collection: STARGATE
• Document Number (FOIA) /ESDN (CREST): CIA-RDP96-00787R000200160001-4
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: November 4, 2016
• Document Release Date: February 24, 2003
• Sequence Number: 1
• Publication Date: July 24, 1974
• Content Type: NOTES

Approved For Release 2003/04/18 : CIA-RDP96-00787R000200160001-4
CONFIDENTIAL
SG1I
SUBJECT
SRI's Financial Expenditures through 2.9 June 74
This is simply to confirm and elaborate upon our telecon of this date.
On 23 July I received from you copies of SRI's financial statements for the
periods 27 April-1 June and 1 June-29 June. There are a couple of aspects
which are disturbing:
(1) the last previous financial statement we have (for the period
1 March to 1 April, appended to their 2nd progress report) shows $9450
having been expended on our (Part 2) portion of the project; as of 29
June they show $38,981 expended on Part 2 and (on the basis of what we've
seen from them) I find it hard to account for expenditures of about $10,000
each of
for/the last three months;
(2) as of 29 June they claim to be 55.8/ completed with Part 2 of
the project; since, as far as we yet know, they've only selected 5 of the
9 subjects and none of them have been put through the batteries of Part 2
examinations this also seems to be out.pf line.
There may, of course, be rational explanations for these apparent incon-
sistencies. Having discussed the matter with
c-
ularly in view of
your note to the effect that their quarterly report is ex
t
d
pec
e
by about 1 August, it seems best not to further confuse matters by making an issue
of it at this time. Hopefully, the quarterly report will provide the substantiating
data. If it does not, I will certainly suggest that we consider asking for an
audit.
SG11
and parti
SG1I
Approved For Release 2003/04/18 : CIA-RDP9q-00787R000200160001-4