Board Rooms, Thursday, July 28,19271
—107—
The Board met at 4
о
'.clock. In the absence of
the President, Brother
V/.
.Thorbum Clark was called to the
chair, and L. Howard Jenkins, acted as Recording Secretary.
Brother L. Howard Jenkins led in prayer.
The following were present: C lark, Cous ins, Mahone,
Montague, Gwathmey, Jenkins; Secretaries Love and Ray and
Treasurer Buxton.
The Treasurer1 s. report, was. read and adopted as
follows': . . . .
MONTH OF. JUNE 1927.
Balance in Banks, May 31,1927...
RECEIPTS—
Cooperative Program . . .
Designated .
Debt .
Borrowed Money .
Income from Endowment Securities
Income from Annuity Securities..
Annuities .
Legacies. . .
Income from Trust Funds .
Book Department . .
Miscellaneous Income .
Special Account . . .
Total —
DISBURSEMENTS—
Foreign! Fields .
Interest on Borrowed Money .
Notes Payable . .
Interest on Annuities .
Book Department. . .
Reserve — 1st Church, Rio, .
All Other Purposes .
Balance in Banks June 30,1927..
$31,733.82
34,546.07
14,402.57
148.24
76,623.21
1,129.68
527.25
13,000.00
2,374.57
1,289.04
559.75
140.54
2,601.87
147,342.74
•
"
1Т9,07б'Л>б
101,208.09
925.22
2,887.50
1,510.98
718.10
2,573.74
8,548.54
118,372.17
60,^04.39
CURRENT ASSETS AND LIABILITIES.
ASSETS —
Balance in Banks . 60,704.39
Book Department . . . 8,165.43
Appropriations rExpenses . 241,927.29
Special Account..
George N. Sanders.. 74,577.57
Less Reserve for
loss . 50.000.00 _ 24,577.57 335,374.68
Current Liabilities in Excess pf Assets..
LIABILITIES—
Notes Payable- Borrowed Money . 931,393.89
Designated Funds not
Appropriated . 46,234*60
Letters of Credit.. . 319 ,
51Б
- 30
961.769.11
х;й5?;ш:?9
$1,297,143.79
E.P. Buxton, Treasurer.
