Fraternity-Testvériség, 1979 (57. évfolyam, 1-4. szám)
1979-10-01 / 4. szám
come and disbursements. These are kept on file in the Treasurer’s office. a. GENERAL ACCOUNTS 1. United States of America Total receipts in 1978 ..............................................$5,840,944.35 Balance forwarded from Dec. 31, 1977 .............. 138,204.04 Total receipts ..................................................$5,979,148.39 Total disbursements ....................................... 5,678,625.13 Balance on Check Account, Dec. 31, 1978 .....$ 300,523.26 Bank Reconcilement, December 31, 1978 Cash on HRFA Check Account, 12-31-78 .......$ 382,477.41 OUTSTANDING Checks, Dec. 31, 1978 ........ 81,954.15 Balance forwarded to Jan. 1, 1979 ................$ 300,523.26 2. Canada Total receipts in 1978 .........................................$ 444,195.53 Balance forwarded from Dec. 31, 1977 ............+ 53,910.84 Total receipts .................................................$ 498,106.37 Total disbursements ....................................... 455,563.71 Balance on Check Account, Dec. 31, 1978 .......$ 42,542.66 Bank Reconcilement, December 31, 1978 Cash on HRFA Check Account, Dec. 31, 1978 ....$ 44,154.05 Outstanding checks, Dec. 31, 1978 .................... 1,611.39 Balance forwarded to Jan. 1, 1979 ....................$ 42,542.66 3. Canadian Savings Account Bank of Nova Scotia, Toronto, Ontario, Canada ...........................$ 67,932.66 32,153.28* Total .................................................................$ 100,085.94 SUMMARY Cash on U.S.A. Account ........................$300,523.26 Cash on Canadian Account ...... 42,542.66 Canadian Savings Account ...................... 67,932.66 32,153.28 Total .............................................................$443,151.86 III. BONDS: As specified in the By-Laws and directed by the Executive Committee during the year 1978 following bonds were purchased: $3,325,000.00 Par Value bonds in U.S. funds 50,000.00 Par Value bonds in Canada funds $3,375,000.00 Par Value was purchased in 1978 All matters pertaining to the purchase and sale of bonds, mortgage loans and other matters concerning the Federation were presented and acted upon at the Executive Committee meetings. The statement of bonds, based on actual cost follows: Actual Cost Par Value Bonds owned, Dec. 31, 1977 ...................... ....$12,787,189.00 $13,055,050.00 Total bonds purchased in 1978 ................................... .... 3,354,250.00 3,375,000.00 Total ............................... ....$16,141,439.00 $16,430,050.00 Matured or redeemed bonds in 1978 ...................... .... 1,454,400.00 1,447,500.00 Actual cost of bonds owned, December 31, 1978 ............ ....$14,687,039.00 $14,982,550.00 in the Book Value of our bonds there is a difference due to the dropping of cents in the Annual Statement. IV. LOANS On all mortgages the legal opinion of the counsellor, Alex B. Eger, Jr., Esquire, was requested before any funds were disbursed. In the year 1978 the Federation placed $209,000.00 in first mortgage loans in the United States. No mortgages were placed in Canada. The following mortgages were placed: $185,000.00 for two church mortgages 24,000.00 for one residence $209,000.00 placed in 1978 a. MORTGAGE SUMMARY Mortgages in the United States, December 31, 1978 ................................................$3,625,318.49 Mortgages in Canada, Dec. 31, 1978 ............ 56,426.23 Total mortgages, Dec. 31, 1978 ........................$3,681,744.72* I extend my thanks to those in the Home Office and to the members of the Field Force for their cooperation; to Mrs. Iren Simon, my secretary, to Mrs. Adrienne Vegh, my bookkeeper, Miss Elizabeth Nagy, Mrs. Elizabeth Pota, Mrs. Sarolta Pota, and Miss Elizabeth Balazs, my office staff for their outstanding work in the Treasurer’s Department. Respectfully submitted by: JOSEPH S. MOLNÁR Treasurer FAMILIES AND FRIENDS ARE INVITED TO THE 2nd ANNUAL CHRISTMAS OPEN HOUSE FOR BETHLEN HOME Saturday, Dec. 8th — 3 to 5 P.M. Refreshments — Entertainment by Ed Krompholtz on Accordian — Hoping for a good attendance — 9 !
