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Board Rooms, Thursday, Feb. 14, 1929.
The Board met in the Board Rooms at 4 P.M. , the
President in the ohair.
. The meeting was opened with prayer by Brother
Thor burn Clark.
. The following were present: Mrs. Thomas, Mrs.
Moore,, Gwathmey, Gaines, Miss Foster, Storer, Clark,
Jenkins, Mahone, Montague, 7/oodfin, Waite, Harris,
Williams. Also Secretary Ray and Treasurer Buxton.
The minutes of Jan. 17th were read and approved.
TREASURER1 S The Treasurer’s report was received and ordered
REPORT-- filed,. The report read as follows:
Month of January, 1929.
Balance in Banks, Dec. 31, 1928
47,746.63
RECEIPTS:
Cooperative Program . 98,103.25
Designated Gifts . 23,772.66
’ Lottie Moon Christmas Offering . 179,294.68
Christmas Thank Offering . 14,024.50
Debt, Direct . 981.90
Legacies— N.C . . . 400.00
Annuities . 5,100.00
Income from Annuity Securities . 3,114.18
Income from Endowment Securities.... 1,188.45
. Income from Trust Funds . 6.86
. Book Department- Sales and Collections. 927.66
Miscellaneous Income . 1,900.77
328,814.91
m; '561.54
DISBURSEMENTS :
Foreign F'iel&s . 91,535.70
Interest on Borrowed Money . 390.00
Notes Payable . 85,000.00
Interest on Annuities . 494.25
Annuity Securities . 6,000.00
Endowment Securities . 21.00
Woman’s Missionary Union . 1,650.00
Baptist Brotherhood of the South
(Jan. and Feb. ) 1,020. 00
Book Department Purchases 1,593.97
Expenses 281.67. . 1,875.64
All Other Purposes . 3,574. 71
Balance in Banks, Jan. 31, 19 29 .
191,561.30
185,000.24
CURRENT ASSETS AND LIABILITIES.
ASSETS:
Cash in Banks . 185,000.24
Book Department — Accounts Rec.
1,911.62
Inventory 9,220.82 11,132.44
Notes Receivable . 6,000.00
Stocks and Bonds . 4,600.00
Property — 100 North Boulevard, City. . 16,500.00
Estate of John Sillers . 2,385.36
Appropriations for Expenses . .178,010.68
Total Current Assets . 403,628.72
Current Liabilities in Excess Current Assets.. 749.463.24
fT,T5'3,091.96
LIABILITIES:
i'esignated Funds(Not yet Appropriated} 50, 295.11
Due Investment Fund . . . 43.82
Letters of Credit (Outstanding) . 244,253.03
Notes Payable . 858,500.00
TOTAL CURRENT LIABILITIES . 77 $T, 153, 091. 96
E.P. Buxton, Treasurer.