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Board Rooms, Thursday, May 10,1928.
The Board met in regular session at 4 P.M. , with
the President in the chair.
Argent ina.
Prayer was offered
Ъу
Brother R.F. Elder, Buenos Aires,
The following were present: Cousins, Jenkins,
Clark, Gaines, Mahone, Mrs. Thomas, Miss Foster, Gwathmey, Harris.
Also Secretary Ray and Treasurer Buxton, and Brother R.F. Elder,
missionary to Argentina.
The Treasurer reported as follows:
Month of April 1928.
Balance in Banks March 31,1928
111,338.00
RECEIPTS —
Cooperative Program .
Designated Gifts . .
Lottie Moon Christmas Offering.
Foreign Mission Debt - Direct...
Legacies: Ala . 100.00
Va . 733,33
Annuities .
Endowment Funds .
Income from Annuity Securities .
Income from Endowment Securities .
Income from Trust Funds .
Special Acct. George N. Sanders . .
Book Dept. — Sales and Collections .
Miscellaneous Income. .
Total....
DISBURSEMENTS :
foreign fields .
Interest .on Annuities .
Interest .on Borrowed Money .
Book Dept. — Purchases . 1,454.42
Expenses . 356.63
Notes Payable .
Woman's Missionary Union .
Baptist Brotherhood of the South .
Inter-Board Commission .
Legacies : (Funds previously credited to
Legacies, but intended for Leper
Work of Rev. John Lake.) .
All Other Purposes .
Balance in Banks, April 30,1928. .
248,419.97
52,313.57
1,181.74
35,746.83
833.33
100.00
100.00
2,519.58
1,984.90
13.34
8,985.23
2,061.20
650.74 354,910.43
466,248.43
137,348.01
2,002.26
1,042.71
1,811.05
25,000.00
1,650.00
420.00
400.00
8,000.00
5,537.80 183,211.83
-28S 036.63
CURRENT ASSETS AND LIABILITIES.
ASSETS:
Cash: In Banks. .. .113,574.11
In. Transit.. 169, 462.49 .
Book Dept, :
Accounts Receivable. 2,740.76
Inventory, . . 9,220.82 . 11,961.58
Notes Receivable . 6,000.00
Property, 100 N. Boulevard . 16,500.00
Prepaid Expenses of Missionaries . 573.18
Stocks and Bonds....'. . 5,100.00
Unused Appropriations for Expenses. . 159 , 251.83
Current Liabilities in Excess of Assets .
LIABILITIES:
designated Funds (not yet Appropriated) 49,209.99
Due Investment Fund . 64.82
Letters of Credit — For Expenses . 215,777.15
Notes Payable . .1,017,500.00
283,036.60
199.386.59
. 800.128.77
l/58'2'!'551.95
1,282,551.96
E.P. Buxton, Treasurer
