Board Rooms, Thursday, Jan. 17 ,1929
-183-
The Board met in the Board Rooms at 4 P.M. , the
President in the chair*
The- meeting was opened with prayer by Brother Geo.T.
Waite*
The* following were present: Mrs. Thomas, Miss Foster,
Gaines,- Waite , Montague, Jenkins, Storer, Williams, Gwathmey,
Harris.* Also Secretary Ray, Treasurer Buxton, and Brother
E.W. Norwood of Winston-Salem, N.C.
The Treasurer reported as follows:
Month of November, 1928*
Balance in Banks, October 31,1928
RECEIPTS:
Goo'pe rat ive Program. . .111,036*67
Designated Gifts . 16,532.46
Debt Account — Direct . 1,421*66
Lottie Moon Christmas Offering . 160*50
Legacies — Texas . 622.30
Ya . .500*00 1,122.30
Income from Annuity Securities . 1,057.50
Income from Endowment Securities.... 434*85
Annuities . 300*00
Income from Trust Funds . 474.25
Miscellaneous Income . 700.00
Book Dept:- Sales and Collections. . . .1,245*33
TOTAL- -
39,371.25
134.485.52
DISBURSEMENTS:
Foreign' Fields . 104 ,237.41
Interest on Borrowed Money . 10,710.77
Interest on Annuities . 1,612.54
Woman1 s- Missionary Union . 1,650.00
Baptist Brotherhood of the South... 500,00
Estate of John Sillers . 2,385.36
Legacy of W. A. Rushing, Tenn . 334.17
Book Dept. : Purchases . 1,294.17
Expenses . 785.16. 2,079.33
All Other Purposes . 4,489.93
Balance in Banks November 30,1928..
127,999.51
' l'r, 8-5'7.'S6-
CURRENT ASSETS AND LIABILITIES.
ASSETS •
Balance in Banks . 45,857.26
Book Dept. :Accounts Receivable
3,536.75
Inventory... 9,220.82 12,757.57
Appropriations for Expenses . 326,101.88
Notes Receivable(R.E.Burt ) . 6,000.00
Stocks and Bonds . 5,000.00
Property — 100 North Boulevard, City. 16, 500. 00
Estate of John Sillers..... . 2,385.36
Total Current Assets. .
’ Current Liabilities in Excess of Current As¬
sets. . . .1,
Tt
LIABILITIES:
Designated Tunds(Not yet Appropriated)
50,279.74
Due Investment Fund . 64.82
414,602.07
046,344.45
460,946.52
Letters of Credit Control (Out standing)
392,101.96
Notes Payable . . 1,018,500.00
TOTAL CURRENT LIABILITIES. . $1, 460, 946. 52
E.P. Buxton, Treasurer.
