Fraternity-Testvériség, 1974 (52. évfolyam, 1-12. szám)
1974-04-01 / 4-6. szám
and the Maryland and District of Columbia State Congress meetings. I have been named to the list of Honorary Past Presidents by the New Jersey Congress. I am also a member of the Fraternal Investment Association. I am also Treasurer of The American Hungarian Federation. * * * I wish to sincerely thank my fellow officers for their cooperation and support during the early part of 1973 when I was out sick, for their faithfulness in carrying on the work on my behalf, especially Mr. László Eszenyi, Controller, who so faithfully carried on the work of the Treasurer’s office and kept me posted on all important matters. To the Board of Directors, also, I express my appreciation for their sincere understanding, and especially their concern for me at the Board meetings. I express my thanks to those in the Home Office and to the Field Force who have given me their support whenever I called upon them. I especially thank my secretary, Elizabeth Balazs, who has been with the Federation for 45 years, and to my bookkeeper, Mrs. Iren Simon, who has been with the Federation for eight years, for their outstanding work in the Treasurer’s Department. My thanks and appreciation are extended to our counsellors, Judge Alex B. Eger, Jr. and Elmer J. Isaac, Chief Agent in Canada, and to our accountants and investment counsellors, Ben Koppelman and A1 Eglow, for their cooperation and service during the year 1973. * * * May the spirit of good will and mutual understanding continue among us and prevail for years to come in furthering the growth of our Federation. I submit my report for the year 1973, trusting that upon examination, it meets with your approval and acceptance. Fraternally yours, Paul St. Miklossy, Treasurer CONTROLLER’S REPORT for the year 1973 (Excerpts) Mr. President, distinguished Members of the Board: I respectfully submit my report for the year 1973 as required by paragraph 46. of our by-laws. I. ACCOUNTING A) INCOME AND DISBURSEMENT BY FUNDS INCOME U.S.A. Canada 1. Consolidated Fund ...................................................$2,268,704.57 $ 66,966.60 2. Sick Benefit Fund ..................................................... 16,048.66 91.32 3. Hospitalization Fund ................................................. 34,868.58 20.80 4. Overremittances ........................................................ 15,489.69 473.86 5. Bethlen Home Contribution ...................................... 24,000.00 — 6. Mortgage Payments................................................... 1,127,480.24 27,834.05 7. Certificate Loan Payments......................................... 105,211.96 139.72 8. Bonds Sold ............................................................... 114,307.32 — 9. Bank Certificate Redeemed ...................................... 149,320.48 — 10. Retirement Benefit Fund ........................................ 28,349.99 — 11. Real Estate Sold ...................................................... 386,274.25 — 12. Change of Book Value of Bonds ............................... 5,436.90 — 13. Profit on Bonds Sold ............................................... 29.32 — 14. Rent Income .............................................................. 41,188.88 — 15. Trust Fund of Unpaid Claims..................................... 83,670.40 27.00 16. Mortgage Loan Placement Fees ............................... 7,500.00 — Total..................................................................................$4,407,881.24 $ 95,553.35 Balance from 1972 ................................................... 65,186.04 91,784.05 TOTAL INCOME ...........................................................$4,473,067.28 $187,337.40 DISBURSEMENTS 1. General Expenses ...........................................................$ 664,025.45 $ 22,972.25 2. Consolidated Fund ......................................................... 1,219,317.45 19,040.14 3. Sick Benefit Fund .......................................................... 6,877.97 — 4. Hospitalization Fund ................................................ 21,027.65 — 5. Shortage of Branches .................................................... 18,988.13 666.92 6. New Certificate Loan ..................................................... 94,609.16 1,181.53 7. Bank Certificate Purchased ......................................... 149,320.48 — 8. Bonds Purchased ............................................................ 903,737.34 101,107.40 9. Accrued Interest ............................................................ 6,759.57 31.25 10. New Mortgage Loans ..................................................... 557.236.97 11. Real Estate Acquired ................................................ 378,154.58 — 12. Bethlen Home Dues Forwarded ..................................... 24,000.00 13. Retirement Benefit Paid ............................................... 9.946.36 14. Real Estate Expenses ..................................................... 49.752,81 15. Investment Expenses ....................................................... 51.156.32 -— 16. Trust Fund of Unpaid Claims ......................................... 59,694.43 — 17. Profit and Loss on Sale of Real Estate ......................... 59.447,29 18. Fund Held in Escrow ..................................................... 13,901.26 Total ................................................................................$4,287,953.22 $144,999.49 BALANCE FOR 1974 ................................................... 185,114.06 42,337.91 March 8, 1974 18 (Continued on next, page)
