-135 —
Board Rooms, Dec. 30,1927. (Friday)
The Board met in called session at 3 P.M. with
the President in the chair.
The following were present: Storer, Waite,
Gaines, Jenkins, Mahon e, Woodfin, Clark, Cousins, Montague,
Gwathmey, Miss Alta Foster, Harris. Also Secretary Love
and Treasurer Buxton.
The session was opened with prayer by Brother
Woodfin.
The President stated the object of the meeting.
-The Treasurer reported as follows:
Month of November 1927.
Balance in Banks, Oct. 31, 1927
RECEIPTS— • .
dooperative -Program . 123,625.82
• Designated Gifts . 13,381.96
Debt . 219.20
Legacies Va. 519.25 . 519.25
Annuities . 1,000.00
Income from Annuity Securities . 1,833.27
Income from Endowment Securities... 504.00
Income from -Trust Funds . 478.87
Book Dept. - -Sales and Collect ions. .. 1,985.16
Miscellaneous . 20.00
' Total .
DISBURSEMENTS--
foreign b'iel^s . 88,251.15
Interest on Borrowed Money . 10,893.17
Interest on Annuities . 1,039.81
Annuity Securities . '..10,000.00
Endowment Securities . 100.00
Notes Payable . 25,000.00
Book Department: Purchases-1,466. 52
Expenses- 372.14 1,838.66
All Other Purposes . 6,335.04
Balance in Banks, November 30,1927.
CURRENT ASSETS AND LIABILITIES.
ASSETS —
Balance in Banks . 70,737.21
Book Dept.: Acets. Receivable 2,560.06
Inventory 7,059.91
9,619.97
Appropriations: Expenses 322,450.74
Special Acct. Gen. N. Sanders 74,699.59
Less: Reserve for Loss 50,000.00
24 , 699 . 59
* Stocks and Bonds . 3,300.00
Current Liabilities in Excess of
Assets .
LIABILITIES—
Notes Payable (Borrowed Money) . . 1,180,181.39
Designated Funds (n@t yet Appro¬
priated) 46,814.06
Letters of Credit . 377,038.57
70,627.51
143,567.53
214,195.04
i43,457.83
~0,Y3'7.2T
_ 430,807.51
1,173.226.51
l,W72lk.'02
1,604,034.02
E.P. Buxton,
Treasurer.
