Board Rooms, March 13, 1930
The Board met in regular session at 4 P.M. with the
President in the chair.
The meeting was opened with prayer
Ъу
Brother T.W.
Ayers, Field Representative.
Present: Gwathmey, Miss Foster, Mrs. Thomas, Mrs.
Moore, Gaines, Coleman, Montague, Jenkins, Storer, Slaughter,
Clark, Williams, Harris. Also Secretary Ray, Treasurer
Buxton, and Brother T.W. Ayers, Field Representative.
The minutes of Feb. 13th were read and approved.
The Treasurer reported as follows:
MONTH OF FEBRUARY, 1930.
Balance in Banks , January 31,1930
$102,395.00
RECEIPTS:
Cooperat ive Program . 37,841.93
Designated Gifts . 20,381.50
Lottie Moon Offering. . 37,736.65
Debt Account — Direct . 1,661.92
Income from Annuity Securities . 552.13
Income from Endowment Securities . 185.20
Income from Trust Funds . 755.98
Annuities . 1,700.00
Miscellaneous Income . 154.94
Book Dept. — Sales and Collections . 1,264.34
Total to account for .
102,234.59
SO'4,629.5’9
DISBURSEMENTS:
Foreign Fields . 83,623.87
Notes Payable . ....55,000.00
Interest on Borrowed Money . . ... 6,600.80
Interest on Annuities . 1,862.66
Annuity Securities . 1,900.00
Woman’s Missionary Union . 1,900.00
Baptist Brotherhood of the South . 500.00
Book Department — Purchases--661. 18
Expenses .... 363.16 . . . . 1,024.34
All Other Expenses . 2,822.08
Balance in Banks, February 28,1930....
155,233.75
CURRENT ASSETS AND LIABILITIES.
ASSETS :
Cash in Banks . ’ . 49,395.84
Book Department :
Accounts Receivable. .1,775.15
Inventory . 15,644.55 . 17,419.70
Richmond’ Real Estate . 16,500.00
Estate of John Sillers . 2,385,36
R.E.Burt Claim . 3,090.00
Unused Appropriations (For E-xpenses) . .345,403.43
Current Liabilities in Excess of Current Assets
LIABILITIES :
Designated Funds (Not yet Appropriated) 36, 240.66
Due Investment Fund . 5.42
Letters of Credit(For Expenses) . 367,083.57
Notes Payable . 645,000.00
Emergency Loans . 25,000.00
434,194.33
. . .639,135.32
C1,'07S;'S29V6F
$1,073,329. 65
E.P. Buxton, Treasurer.