Fraternity-Testvériség, 1989 (67. évfolyam, 1-3. szám)
1989-04-01 / 2. szám
PAGE 6 TESTVÉRISÉG Resolution 21: On the recommendation of the Committee, Resolution 5 was recended by the Board. A new motion was introduced by Dir. Rev. Nicholas Novak, seconded by Dir. Rev. Louis Medgyesi. Resolution reads as follows: "We request that the Ohio Directors of the HRFA be members of the Board of Trustees of the Bethlen Home of Ohio, as well as the three National Officers of the HRFA." — Motion passed Resolution 22: The By-Laws of the Bethlen Museum & Archives, Ligonier, Pa., require the appointment of four members from the Board of Directors of the HRFA to the Board of Trustees of the Bethlen Museum & Archives, Ligonier, Pa., and that these four members be appointed by the Executive Committee of the HRFA prior to the September 1989 meeting. Resolution 23: The Executive Committee evaluate the usefulness of the three District Offices for business and community services. George Dózsa, Vice President-Secretary HUNGARIAN REFORMED FEDERATION OF AMERICA FINANCIAL REPORT-DECEMBER 31, 1988 ANNUAL STATEMENT ASSETS Bonds................................................................................................................................................................ $16,298,678 Mortgage Loans ............................................................................................................................................ 2,198,466 Real Estate...................................................................................................................................................... 1,091,037 Certificate Loans and Liens........................................................................................................................ 716,388 Cash on Hand and on Deposit ................................................................................................................. 725,957 Due from Broker............................................................................................................................................ 50,681 Investment Income Due and Accrued....................................................................................................... 498,491 Premiums Collected not yet Remitted to Home Office......................................................................... 43,420 Accident & Health Premiums Due ........................................................................................................... 240 TOTAL ASSETS................................................................................. LIABILITIES $21,623,363 Reserve for Life Certificates........................................................................................................................ $13,474,204 Reserve for Accident & Health Certificates............................................................................................ 107,684 Certificate & Contract Claims..................................................................................................................... 41,434 Accident and Health Claims....................................................................................................................... 190 Premiums Received in Advance................................................................................................................. 96,950 Commissions Due and Accrued to Field Workers ................................................................................ 4,116 General Expenses Due or Accrued ........................................................................................................... 26,195 Taxes, Licenses Due and Accrued.............................................................................................................. 2,713 Unclaimed Funds ..................................................................................................................................... . 140,741 Net adjustment in Assets and Liabilities Due to Foreign Exchange Rates........................................ 125,460 Liabilities for Employees Benefits.............................................................................................................. 857,709 Mandatory Securities Valuation Reserve ................................................................................................. 113,183 TOTAL LIABILITIES.......................................................................................................................................... $14,990,583 NET WORTH/Unassigned Fund, surplus, Assets minus Liabilities .................................................. $ 6,632,780 The certificate obligations of the Hungarian Reformed Federation of America as of December 31, 1988 have been valued in accordance with the provisions of the Insurance Law of Washington, D.C. The Federation is in good and sound financial position, able to meet all present and future obligations. William B. Puskas, Treasurer
