Fraternity-Testvériség, 1983 (61. évfolyam, 1-4. szám)

1983-04-01 / 2. szám

FRATERNITY Page 9 I am most grateful to her for this reconsideration and pleased with her prompt and efficient manner in the settling of the claims along with the prepara­tion of the many year-end reports for the annual statement. Handling the general secretarial duties along with the underwriting work is Mrs. Martha Major. She is a very important co-worker with Dr. George Topor who is working part-time. They are respon­sible for the processing of all new applications, changes in plans, changes in beneficiaries, lost certi­ficates, etc. All of these are also processed and handled expediously and efficiently. The machine operating and statistical complica­tions is being done by Dr. Zoltán Korossy. Hope­fully our outmoded equipment will give way to a more modern method in the coming year. All of our employees are loyal and dedicated in doing their utmost in providing services to our mem­bership. Mv heartfelt thanks and appreciation are extend­ed to mv fellow officers, Directors, Home Office employees, Medical Director, Financial Counselors, Legal Counselor and Field Force members for their usual fine cooperation and assistance during the year. This report is being submitted for your review, evaluation and acceptance for the work concluded in the vear of 1982. E. E. Vargo, F.I.C. Vice President-Secretary Treasurer’s Report for 1982 Mr. President, Members of the Board of Directors, Fellow Officers: I herewith submit to the Board of Directors my Annual Report of the financial analysis of the Hun­garian Reformed Federation of America, which is in accordance with regulations set forth in our Bv-Laws. The date contains the transactions and changes that occured during the year 1982. Flic Internal Revenue Service audited us twice during the vear of 1982 and the results of finding is includ­ed in my report. Mv report is based on the Ledger Assets of the Federation as of December 31, 1982. STATEMENT OF LEDGER ASSETS Ledge Assets, Dec. 31, 1982 1. Cash: On Checking Accounts ........................ On Savings Accounts ............................ Columbia Federal ................................. 2. Petty Cash ......................................................... 3. Bonds ................................................................. 4. Loans: Mortgages .............................................. Certificates ............................................ 5. Real Estate.......................................................... 6. Escrow ............................................................... TOTAL ........................................................... * The difference in amounts is due to the required The Valuation Exhibit of the Ratio of Assets to Liabilities and the Ratio of Net Investments to Mean Assets from 1970 to 1982 follows: Ratio of Assts to Ratio of Net Investm’t. Liabilities Income to Mean Assts. 112.0271 1970 ................. 4.59/1 113.36'! 1971 ................. 5.96% United States Canada Book value S 347,390.00 59,206.00 00,000,000.00-0­142,705.00 167,448.00-0­716,749.00 103.00-0­103.00 15,895,018.00 < 301,271.00 16,6^6,289.00 2,558,356.00 8,455.00 2,566,811.00 809,264,00 17,319.00 826,583.00 17,504.00-0­17,504.00-0­-0­-0­19,795,083.00 1,028,956.00 20,824,039.00 dropping of cents on the Annual Statement. 1972 ............ 113.45% 1972 .. ............4.91% 1973 ............ 113.29% 1973 .. ............ 5.06% 1974 ............ 113.63% 1974 .. ............ 5.35% 1975 ............ 112.45% 1975 .. ............ 5.46% 1976 ............ 112.04% 1976 .. ............ 5.53% 1977 ............ 112.08% 1977 .. 5.82% 1978 ............ 119.06% 1978 .. ............6.28% 1979 ............ 121.15% 1979 .. ............6.72% 1970 1971

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