Board Rooms, Thursday, Jan. 16, 1930
The Board met in regular session at 4 P.M. , the
President in the chair.
Present: Gwathmey, Slaughter, Gaines, Coleman, Miss
Foster, Jenkins, Williams and Harris. Also Secretary
Ray and Treasurer Buxton.
The meeting opened with prayer by Brother Coleman.
The minutes of Oct. 2nd were read and approved.
The Treasurer reported as follows:
October, 1929.
Balance in Banks Sept. 30, 19 29
$39,593.53
RECEIPTS:
Co ope rative Program . 71,155.05
Designated Gifts . 15,219.72
Lottie Moon Christmas Offering . 21.68
Debt- Direct . 3,137.73
Income from Annuity Securities . 952.60
Income from Endowment Securities... 1,331.75
Income from Trust Funds . 36.38
Miscellaneous Income . 39.00
Annuity Securities . 3,900.00
Endowment Securities . 600.00
Legacies: Virginia . 617.57
Book Department: Sales and Collec¬
tions. . . 1,459.90
Total to account for .
98,471.38
138,064.91
DISBURSEMENTS:
Foreign Fields . 89,818.82
Interest On Annuities . 1,968.88
Book Dept:- Purchases. .. 1, 765.01
Expenses.... 882,16... 2,647.17
Woman’s Missionary Union . 2,150.00
Baptist Brotherhood of the South... 500.00
Expenses, Southern Bapt . Convention. . 3,440.66
Interest on Borrowed Money . 766.66
Expenses State Members . 474.21
All Other Expenses . 2,936,81
Balance in Banks October 31,1929....
104,703.21
"33,361.70
CURRENT ASSETS AND LIABILITIES.
ASSETS:.
Clash in Banks . 33,361.70
Book Dept:-Accts. Receivable , 1, 423. 72
Inventory . 12,698.00
T?, 121. 72
Richmond Real Estate . 16,500.00
Estate of John Sillers . 2,385.36
Stocks and Bonds . 4,800.00
Unused Appropriations -For Expenses.
164,773.48
Current Liabilities in excess of
Current Assets, .
LIABILITIES:
Designated Funds- Not yet Appro¬
priated . 36,240.66
Due Investment Fund . 55.68
Letters of Credit- For Expenses.. 190,554.46
Notes Payable . 766,792.50
Emergency Loans . 50,000.00
235,942.26
807,701.04
1,043,643.30
1,043,643.30
E.P. Buxton, Treasurer
