Fraternity-Testvériség, 1984 (62. évfolyam, 1-4. szám)
1984-04-01 / 2. szám
FRATERNITY Page 9 TREASURER'S REPORT FOR THE YEAR OF 1983 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 By-Laws. The date contains the transactions and changes that occured during the year 1983. My report is based on the Ledger Assets of the Federation as of December 31, 1983. The Valuation Exhibit of the Ratio of Assets to Liabilities and the Ratio of Net Investment to Mean Assets from 1971 to 1983 follows: VALUATION EXHIBIT Ratio of Assets to Liabilities Ratio of Net Investment Income to Mean Assets 1971 .... .... 113.36% 1971 .... .... 5.96% 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 .... .... 5.35% 1977 .... .... 112.08% 1977 .... .... 5.82% 1978 .... .... 119.06% 1978 .... .... 6.28% 1979 .... .... 121.15% 1979 .... .... 6.72% 1980 .... .... 123.29% 1980 .... .... 6.95% 1981 .... .... 127.00% 1981 .... .... 7.93% 1982 .... .... 129.73% 1982 .... .... 7.70% 1983 .... .... 130.78% 1983 .... .... 7.85% STATEMENT OF LEDGER ASSETS Ledges Assets, Dec. 31,1983 1. Cash: On Check Accounts.................................. On Savings Accounts ............................. Columbia Federal...................................... Shearson/American Express ................... 2. Petty Cash.............................................................. 3. Bonds........................................................................ 4. Loans: Mortgages ................................................ Certificates................................................ 5. Real Estate ............................................................. TOTAL ................................................................... *The difference in amounts is due to the required dropping of cents on the Annual Statement. The following is a summarized report of the Ledger Assets: I. CASE ON CHECK & SAVINGS ACCOUNTS: The Federation maintains all 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. United States Canada Book Value $ 181,928.00 4,360.00 186,086.00 225,601.00 89,469.00 687,444.00 71.00 71.00 15,927,831.00 1,125,487.00 17,053,318.00 2,389,515.00 7,690.00 2,397,205.00 836,241.00 17,595.00 853,836.00 17,504.00 — 17,504.00 $19,764,777.00 1,244,601.00 $21,009,380.00 a. GENERAL ACCOUNTS 1. UNITED STATES OF AMERICA Total receipts in 1983 .....................$ 3,475,331.08 Balance forwarded from Dec. 31, 1982 ................................ 347,390.71 Total receipts....................................$ 3,822,721.79 Total disbursements ..................... 3,640,793.38 Balance on Checking Account, 12-31-1983 .......................................$ 181,928.41 Bank Reconcilement, 12-31-83 Cash on HRFA Checking Account, 12-31-1983 .....................................$ 266,743.70 Outstanding Checks, 12-31-1983 .. 84,815.29 Balance forwarded to January 1st, 1984 ...........................$ 181,928.41
