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Board Rooms, Thursday, April 11,1929.
The Board met in regular session at 4 P.M. , the President
presiding.
Brother Williams opened the meeting with prayer.
Present: Gaines, Williams, Mahone-, Clark, Jenkins,
Treasurer Buxton, Gwathmey, and Secretary Ray.
Treasurer's The Treasurer's report was read and ordered filed. The
Report-- report was as follows:
Month of March, 1929.
Balance in Banks, Feh. 28,1929
31,688.79
RECEIPTS:
Cooperative Program . 33,082.79
Designated Gifts . 11,803.69
Lottie Moon 0_ffering . 1,926.34
Christmas Thank Offering . 24,750.13
Deht Account — Direct . 143.84
Legacies :Soutk Carolina. .. 475.00
Virginia . 1.100,00 2,075.00
Income from Annuity Securities. . . 1,035.00
Income from Trust Funds . 1,230.00
Miscellaneous’ Income . 57.19
Annuities..... . 200.00
Endowment Funds . 25.00
Endowment Securities . 100.00
Total to Account for .
DISBURSEMENTS:
foreign Fields . 70,527.97
Interest on Borrowed Money . 2,879.15
Interest on Annuities . 1,918.10
Book Department Purchases 593.08
Expenses 302.31 . 895.39
Woman’s Missionary Union . 1,650.00
Baptist Brotherhood of the South . 510.00
Advertising... . 939.39
Annuity Securities . 640.00
All Other Expenses . 3,003.05
Balance in Banks March 31,1929 .
77,589.08
109 , 277.87
82,963.05
rOif/sz
CURRENT ASSETS AND LIABILITIES.
ASSETS :
Cash in Banks., . 26,314.82
Book Department :Accounts Receiv¬
able. . . .1,886.45
Inventory.
12.698.00 . 14,584.45
Notes Receivable . 6,000.00
Stocks and Bonds . 4,700.00
Property-- 100° North Boulevard, City . 16,500.00
Estate of John Sillers . 2,385.36
Appropriations* for Expenses . 262,190.48
Current Liabilities in Excess of Current' Assets.
332,675.11
753,467.66
TTOSS ,142.77
LIABILITIES:
Due Investment Fund . 524,82
Letters of Credit (Outstanding) . 331,025,33
Notes Payable . 713,500.00
Reserves, for designated Funds not
yet Appropriated . 41,092.62
1,086,142.77
E.P. Buxton, Treasurer.
