Fraternity-Testvériség, 1964 (42. évfolyam, 1-12. szám)
1964-07-01 / 7. szám
FRATERNITY 9 CONTROLLER’S REPORT TO THE XXVII CONVENTION OF THE FEDERATION Dear Mr. President, Distinguished Delegates of the Convention: I respectfully report on the activities of the Controller’s Office for the term of 1960-63, according to the spheres of duties prescribed in paragraph 46 of our By-Laws. I. ACCOUNTING We made two essential changes in our accounting system during the past four years: a) We adopted the so-called “One Fund System” in consolidating former General Expense Fund, and Adult and Juvenile Mortuary Funds into the Consolidated Fund. b) We redesigned the accounts of the former General Expense Fund and in some cases we assigned new and more expressive names to the accounts. Auditors of the District of Columbia Insurance Department examined our books during the first months of 1963 and found same in perfect order. You may look into their written report showing the result of this examination, in my department. We closed our accounts every month and sent a trial balance to the Accountant. I, together with the Treasurer, prepared a statement of the income, disbursements and assets for publication in the official paper, the “Fraternity”. INCOME 1956-59 1960-63 Total .................................................................... $11,379,451.85 $15,400,290.99 DISBURSEMENTS 1956-59 1960-63 Total .................................................................... $11,486,011.57 $15,421,941.55 FINAL BALANCE Dec. 31, 1959 Dec. 31, 1963 Debit .................................................................... $10,056,341.89 $13,005,033.27 Credit .................................................................. $10,056,341.89 $13,005,033.27 Assets on December 31, 1959 .................................................... $10,056,341.89 Assets on December 31, 1963 .................................................... $13,005,033.27
