t
Board Rooms, Sept. 13, 1934. (Thursday)
The Board met in regular session with the President
in the chair.
The meeting was opened with prayer by Brother Wil¬
liams.
The following were present: Mrs. Thomas, Mrs. At¬
kinson, Miss Foster, Jenkins, Bryant, Coleman, Williams,
Matthews, Dr. Loving, Binford, Gwathmey and Harris.
The Treasurer reported as follows:
TREASURER’S REPORT FOR THE MONTH OF AUGUST, 1934.
Balance in Banks August 1st, 1934 . $35,463.17
RECEIPTS:
Cooperative Program . 22,379.30
Designated Gifts . 13,933**84
Lottie Moon Christmas Offering . 15.27
Debt Account :
From Investment
Funds.... . .1,820*89... 9,437.18
Income from Endowment Securities . 228.73
Income — Miscellaneous . 231.45
Relief and Annuity Board- Pensions... 291.62
Annuities . 200.00
Book Dept.- Sales and Collections.... 383.79 47,101.18
c " ” ■ ■ ■ --- - ■
Total to account for . $82,564.35
DISBURSEMENTS :
Foreign Fields . 53,841.84
jt Interest on Borrowed Money . 4,703.56
‘Woman’s Missionary Union . 1,750.00
Baptist Brotherhood of the South .... 250.00
Book Dept. :
*
о лк г» о
Expenses
. 15.96 ... 189.76
Relief and Annuity Board- Pensions... 1,945.00
Publicity . 287.50
Expenses of Dr. Maddry to Europe .... 600.00
Special Deposits- Debt Account . 9,472.18
Administrative and Other Expenses.... 2,322.47 75,362.31
7,202.04
LESS: Adjustment in Debt Funds . 1,440.82
Adjustment in Investment Funds. 200.00 1,640.82
Balance in Banks August 31st, 1934 . $ 5,561.22
CURRENT ASSETS AND LIABILITIES
ASSETS :
Cash in Banks August 31st, 1934 . 5,561.22
Accounts Receivable . 96.00
Book Dept. :
A/c’s Receivable . 441.16
Inventory
1/1/34
...7,476.38... 7,917.54
Estate of John Sillers . 385.36
Estate of J. H. Pepper . 357.00
Estate of Mrs. F. E. Williams . 275.00
Stocks and Bonds . 74,912.50
Real Estate in Richmond, Va . 16,500.00
Current Liabilities in Excess of Current Assets.
Total . 1 , 040 , 619.47
LIABILITIES: *
; E. L. Brown Memorial Fund . ..60,000.00
Reserve for Contingent Notes Payable . 18 , 619.47
Reserve for Debt Payment . 10,003.50
Notes Payable- Less Reserve for Debt
Payment . .951,996.50$! , 040 ,619.47
NOTE: In addition to the Cash balance reported
•«in,
106,004.62
934,614.85
