Fraternity-Testvériség, 1965 (43. évfolyam, 1-12. szám)
1965-05-01 / 5. szám
6 FRATERNITY TREASURER’S REPORT FOR 1964 Mr. President, Members of the Supreme Council, Fellow Officers: The year of 1964 was an evemful one for our Federation. It was the year in which we commemorated our 68th anniversary, dedicated our new Kossuth House to the service of o (r members, and held our 27th Convention, where I was privileged to present my first report as Treasurer to the Convention. In this eventful year it gives me great pleasure to report that our Federation has continued in its growth during the four years that I have been in office, as shown by the increase of $2,872,376.94 in its Net Admitted Assets, from $10,791,786.91 on December 31, 1960, to $13,664,163.85 on December 31, 1964. In accordance with the By-Laws, I herein submit my Treasurer’s Report for the year 1964. As guardian of all property of the Federation, the Treasurer handles and keeps records of all assets, including all moneys, properties, mortgages, and the purchase and sale of securities, as follows: I. CHECKING ACCOUNTS a) The income of the Federation is handled on a Checking Account in The National Bank of Washington. The bank mails monthly statements on all transactions, which correspond with the balance of the ledger of receipts and disbursements. These are kept on file in the Treasurer’s office. Together with the Controller we publish a monthly statement of income and disbursements in our official paper, “Fraternity”. Income from Branches also is listed in the “Fraternity”. b) The Federation also has a Transfer Fund Account, which is used to cover the various vouchers for commissions, the salaries and expenses of field workers, and for medical fees. II. SAVINGS DEPOSITS The Federations has three Savings Accounts in two banks: The Fidelity Union Trust Company of Newark, N. J., and in two branches
