Fraternity-Testvériség, 1981 (59. évfolyam, 1-4. szám)
1981-04-01 / 2-3. szám
The following is summarised, report of the Ledger Assets: CASH ON CHECK & SAVINGS ACCOUNTS: The Federation maintains ail financial transactions on both the General and Transfer Fund Accounts with the National Bank of Washington, Washington, D.C. and in the Bank of Nova Scotia, Toronto, Ontario, Canada. The banks mail monthly statements on all transactions which correspond with the balance of the ledger on all income and disbursements. These are kept on file in the Treasurer’s office. All matter pertaining to the purchase and sale of bonds, purchase of Certificate of Deposit, mortgage loans and other matters concerning the Federation were presented and acted upon at the Executive Committe meetings. The statement of bonds, based on actual cost follows: Actual Cost Par Value Bond owned, Dec. 31, 1979 .............*15,456,085.00 $15,731,700.00 Total C.D.-s purchased purchase in 1980 ......... 49,750.00 50,000.00 GENERAL ACCOUNTS United States of America Total receipts in 1980 ...................................$ 9,665,756.47 Balance forwarded from December 31, 1979.... 100,769.06 Total receipts ..........................................$ 9,766,525.53 Total disbursements ............................... 9,693,152.34 Total ..........................$15,505,835.00 $15,781,700.00 Matured or redeemed bonds and C.D.-s in 1980 ...... 1,618,386.00 1,621,200.00 Actual cost of bonds owned December 31, 1980 ........$13,887,449.00 $14,160,500.00 In the Book Value of our bonds there is a difference due to dropping of cents in the Annual Statement. Balance on Check Account, December 31, 1980 ...............................$ 73,373.19* Bank Reconcilement, December 31, 1980 Cash on HRFA Check Account, Dec. 31, 1980 $ 125,720.25 Outstanding checks, Dec. 31, 1980 ............. 52,347.06 Balance forwarded to January 1, 1981 ....... $ 73,373.19* Canada Total receipts in 1980 ...................................$ 606,310.86 Balance forwarded from Dec. 31, 1979 .......... 39,037.05 Total receipts ..........................................$ 645,347.91 Total disbursements ................................ 597,982.02 Balance on Check Account, Dec. 31, 1980 .......$ 47,365.89 Bank Reconcilement, December 31, 1980 Cash on HRFA Check Account, Dec. 31, 1980 $ 49,531.37 Outstanding checks, Dec. 31, 1980 .............. 2,165.48 Balance forwarded to January 1st, 1981 .......$ 47,365.89 Canadian Savings Account Bank of Nova Scotia, Toronto, Ontario, Canada LOANS December 31, 1980 Mortgages U. S. A. Canada Balance December 31, 1979 ... New Mortgages given in 1980 .. ....$3,271,401.09 77,000.00 $43,587.41 Total....................................... ....$3,348,401.09 $43,587.41 18,649.33 Principal payments in 1980 ... .... 473,904.50 Balance of mortgages, December 31, 1980 .......... ....$2,874,496.59 $24,938.08 STATEMENT United States mortgages ........ Canadian mortgages .............. .$2,874,496.59 24,938.08 Total ..................................... .$2,899,434.67 SUMMARY OF MORTGAGE LOANS December 31, 1980 Book Value of mortgages, December 31, 1979: U. S. A..............................$3,271,401.09 Canada ............................. 43,587.41 SUMMARY Cash on Checking Accounts: U. S. A...........................$ 67,373.19 Canada .......................... 47,365.89 Canadian Savings Accounts Certificate of Savings Deposits ........................ 149,210.80 United States C.D.-s ............. 2,152.730.03 Columbia Federal ................. 122,554.74 $ 114,739.08 $2,424,495.57 Total $2,539,235.00 BONDS As specified in the By-Laws and directed by the Executive Committee during the year of 1980 $50,000.00 bond were purchased. Total .................................$3,314,988.50 $3,314,988.50 Loans given in 1980 in the U.S.A....................... 77,000.00 Total ............................................................$3,391,988.50 Principal payments in 1980: U. S. A..............................$ 473,904.50 Canada.............................. 18,649.33 Total .................................$ 492,553.83 492,553.83 Book Value of mortgages owned, December 31, 1980 ......................................$2,899,434.67 ACCOUNTING I am the principal accounting officer of the Federation. Transactions in the United States and Canada are re10
