Fraternity-Testvériség, 1978 (56. évfolyam, 1-4. szám)
1978-07-01 / 3. szám
D) FLUCTUATION SUMMARY FOR 1976-77 CERTIFICATES Beginning Inventory ....................................................... Add: New Certificates ................................................. Reinstated .......................................................... Transfers, etc....................................................... Total: ................................................................. Less: Death ................................................................ Matured .............................................................. Lapses ................................................................ Surrender ........................................................... Transfers, etc....................................................... Year-End Inventory ........................................................ DECREASE DURING THE YEAR ............................. INSURANCE IN FORCE Beginning Inventory ...................................................... Add: New Insuranace................................................... Reinstated........................................................... Transfers, etc....................................................... Total: ................................................................. Less: Death ................................................................ Matured ............................................................. Surrender ............................................................ Lapsed ............................................................... Miscellaneous ..................................................... Year-End Inventory ........................................................ CHANGES DURING THE YEAR ............................... U.S.A. CANADA 1976 1977 1976 1977 30,451 29,727 645 642 812 848 37 642 31 45 — 2 1 — 1 4 31,296 30,620 683 667 374 364 7 19 246 330 11 2 436 401 10 14 512 543 12 9 1 4 1 — 29,727 28,978 642 623 — 724 — 749 — 3 — 19 U.S.A. CANADA 1976 1977 1976 1977 $49,676,705 $49,799,100 $1,337,059 $1,526,309 3,510,500 3,818,000 289,000 171,000 110,000 109,000 — 11,000 151,097 136,920 1,000 23,000 $53,448,302 $53,863,020 $1,627,059 $1,731,309 473,143 401,487 3,500 12,250 318,731 431,460 13,000 3,204 1,203,033 1,239,898 32,250 60,296 1,469,438 944,198 51,000 18,500 184,857 175,157 1,000 4,000 $49,799,100 $50,670,820 $1,526,309 $1,633,059 + 122,395 + 871,720 + 189,250 + 106,750 V. CLAIM SETTLEMENT, CERTIFICATE LOANS U.S.A. Canada U.S.A. Canada Number Amount Number Amount Number Amount Number Amount Death ........................ 333 $418,008 7 $ 3,500 328 $405,237 20 $13,500 Sick Benefit............... 115 11,995 — — 88 9,268 — — Hospitalization ......... 66 12,484 1 210 54 13,872 1 230 Matured ..................... 544 571,443 12 14,000 612 661,967 4 4,250 Surrender ................... 519 305,596 13 4,172 549 303,622 10 3,476 Others........................ 270 — 21 — 266 — 31 — Total: ........................ 1,847 — 54 — 1,897 — 66 — We issued 955 expense vouchers in the U.S.A. and 101 in Canada. We settled properly submitted claims within 24 hours after receipt. I am happy to read many compliments about our prompt response on the claims and inquiries. IV. TRUST FUND Unclaimed matured proceeds and death benefits which cannot be remitted to the legal recipients because of various reasons, are kept on our Trust Fund. The following listing shows the changes in the deposits in 1977: U.S.A. Canada Total Balance on 12-31-76 ....$164,492.43 $6,069.44 $170,561.87 Balance on 12-31-77 .... 168,755.69 6,043.49 174,799.18 VII. PAYROLL, TAXES After deducting the various Federal and State taxes as well as contribution to the Retirement Benefit Fund, we forwarded net payroll to the Treasurer’s office. Taxes withheld were always submitted to the U.S. agencies and Canadian tax offices on time. In Canada we have paid $22,484.97 in corporate taxes in 1977. Since January 1, 1974, Canada also levies 2% tax on dues collected. VIII. GUARDIAN OF SAFETY DEPOSIT BOXES I acted as one of the guardians of the safety deposit boxes and went to the bank vault whenever the Treasurer wanted access to the securities. I spent considerable time in the bank while I was substituting for the late Treasurer. 8
