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Board Rooms, Thursday, Apr, 16, 1931.
The Board met at 3.30, the President presiding. The mee^
ing was opened with prayer by Brother Coleman.
The following were present: Gwathmey, Jenkins,
Gaines, Miss Foster, Montague, Coleman, Clark, Storer, Harris.
Also Secretary Ray and Treasurer Buxton.
The Minutes of March 19th and April 1st were read
and approved.
The Treasurer reported as follows:
MOUTH OF MARCH, 1931.
Balance in Banks, March 1, 1931 , available for Budget $19,740.70
(Total $123, 644. 09, less Lottie Moon Funds,
$103,903.39)
RECEIPTS:
Cooperative Program . 24,847.36
Designated Gifts . 11,804.05
Debt Account — Direct . 260.78
Lottie Moon Offering . 1,781.19
Income f ran Annuity Securities . 890.53
Income from Endowment Securities . 324.06
Income from Trust Funds . 1,012.48
Annuity Securities . 4,000.00
Endowment Securities . 1,277.45
Miscellaneous Income . 608.65
Notes Payable . 10,000.00
Book Department-- Sales and Collections. 1,317.66 58,124.21
'“77,864.91
DISBURSEMENTS :
Foreign Fields .
Interest on Borrowed Money .
Interest on Annuities .
Woman’s Missionary Union .
Baptist Brotherhood. pf. the. SPUtb» •
Deputation Expense .
Annuity Securities .
Endovment Securities .
Book Dept.: - Purchases . 1,004.16
Book Dept. Expenses . 659,48
Advertising .
All Other Expenses .
Balance .
56,108.37
6,464.97
2,261.09
1,900.00
350.00
333.80
1,977.50
977.50
1,663.64
176.18
3,801.46
Less Lottie Moon Funds received in March..
Balance in Banks, March 31,1931, available for
Budget
76,014.51
-
Г7ШТГЯТ
1,781.19
$: -
&97ИТ
CURRENT ASSETS AND LIABILITIES
ASSETS:
Cash in Banks: Budget . 69.21
Lottie Moon Reserve
105,684.58 105,753.79
Stocks and Bonds . 560.00
Book Dept. :Accounts Receivable... 863.85
Inventory . 12,094.33 12,958.18
Richmond Real Estate . 16,500.00
Estate of John Sillers . . 1,585.36 137,357.33
Current Liabilities in Excess of Current Assets . 941,028.21
$ 1,078,385.54
LIABILITIES:
Reserve Funds:
Lottie Moon Offering . 105,684.58
Evangelistic Hall, China . 26,552.74
C ap .Exp . in Mexico... ......... 9,1 ^ .06
Contingent Notes Payable . . 16,292.50
Exchange Check Account .
Due to Investment Fund .
Notes Payable .
157,652.88
4.56
728.10
920,000,
,078,385.54
E.P. Buxton, Treasurer.