--213-
Board Rooms, Tuesday, July 16,
192ΠΉ
The
the President
Board met in regular session at 4 P.M. ,
presiding.
The meeting was opened with prayer by Brother
G.C. Coleman..
The following members were present: Clark,
Mahone, Gwa.thmey, Gaines, Mrs. Thomas, Mrs. Moore, Jenkins,
Montague, Coleman, Harris.
Also. Secretary. Ray, Treasurer Buxton, and
Brother C.G.McDaniel of China.
The Treasurer 's report was read as follows:
June 1929.
Balance in Banks, May 31, 1929
127,236.15
RECEIPTS : . ...
Cooperative. Program . 27,369.77
Designated Gifts . . . 8,490.59
Direct to Debt . 141.72
Lottie Moon Offering . 43.43
Income from Annuity Securities..... 1,252.25
Income from Endowment Securities... 749.71
Income from Trust Funds. . 1,482.16
Annuity Securities . 500.00
Endowment Funds.... . 630.86
Legacies: Georgia . 20.00
Book Department β Sales and Collections. 345. 21
Miscellaneous Income.... . 154.46
41.180.16
165,416.31
DISBURSEMENTS :
Foreign Eields . 93,825.11
Interest on Annuities . 1,077.61
Book Department β
Purchases... 662,01
Expenses.... 237.21 . 899.22
Woman* s Missionary llnion . 1,650.00
Baptist Brotherhood of the South... 500.00
Interest on Borrowed Money . 2,691.64
All Other Expenses. . 3.357,50
Balance in Banks June 30,1929 . .
104,001.08
64,415. 23
CURRENT ASSETS AND LIABILITIES.
ASSETS :
Cash in Banks . 64,415.23
Book Department:
Accounts Receivable.. 1,520.64
Inventory . 12,698.00 14,218.64
Notes Receivable . 6,000.00
Richmond Real Estate . 16,500,00
Estate of John Sillers... . 2,385.36
Stocks and Bonds . 56,725.00
Unused Appropriations, for Expenses. 253,064.19
Current ^labilities in Excess of Assets...
LIABILITIES:
Designated Funds (Not yet Appropriated)
41,780.54
Due Investment Fund . 149.82
Letters of Credit β For Expenses. .. 284, 289.63
Notes Payable . 763,500.00
413,308.42
676,411.57
1,089,719.99
E.P. Buxton, Treas.
The above report was ordered filed.
