Verhovayak Lapja, 1952 (35. évfolyam, 1-12. szám)

1952 / Verhovay Journal

February 20, 1952 Verhovay Journal PAGE 9 ANNUAL STATEMENT JANUARY - DECEMBER, 1951. Mortuary Disability Trust Junior Order Junior Order Expense Fund Fund Fund Fund Expense Fund Fund TOTAL Balant« from Previous Year ................... 9,938,751.06 553,950.36 107.865.46 1,090,813.21 920.22 8,029.41 11,700,329.72 1 II.INCOME « Monthly Dues ............................................. 817,472.04 173,103.35 t_ 154,701.02 64.957.79 336,364.01 1,546,598.21 Interest on Mortgage Loans ................... 11,249.45--.--­--.--­—.— 11,249.45 Int. on Membership Certif. Loans ......... 19,697.97---.--­--.---725.26 —.— —.— 20,423.23 Interest ©n Bonds ..................................... 267,413.59 17,286.09 2,897.50 33,446.33 —.— —.— 321,043.51 Dividend «on Stocks ................................... 2,340.70--­--.--­---.--­---.--­---.---2,340.70 Interest on Bank Deposits ....................... 498.09---.---83.81 —.— —.— —.— 581.90 Int. on Real Estate/Loans .................... 500.45--.--­--.--­—.— —.— 500.45 Home Office Building Income ............... 41,405.73--.--­--.--­---.--­—.— 41,405.73 Miscellaneous Income ............................... 9,474.54 _.--­---.--­---.--­---.---1,117.64 10,592.18 Profit on Sale or Mat. of Bonds ........... 7,072.56 —.-­---.---1,795.83 — —.— 8,868.39 Bond A inertization Increase ................... 1,089.04---.---11.62 124.70---.--­---.---1,225.36 Keserve Transfer ....................................... 35,073.25---.--­--.--­—.— — 35,073.25 Amortization of Mtse. Discount ........... 100.00---.--­--.--­---.--­--.--­--.---100.00 Deposits to Trust Fund ........................... —.—---14,247.35--.--­--.--­—.— 14,247.35 Handling Charges — Cash Surr.............. » —.— _.__--.--­---.---644.50 3,323.75 3,968.25 Handling Charges — Certif. Loans....... \ —.— 18.20 354.40 372.60 Employees and Officers — Withheld Taxes — Dec. 1951 ........... —.— . __ . _ ____ 2,399.85 2,399.85 Trust Fund — Over 1% Inc.................... —.—--.----­-----.----­-----.-----1,877.38 1,877.38 Sports Activities Fund ............j.___;.... —.— — —.— —.—1,209.30 1,209.30 Total Income ..................................... 1,213,387.41 190,389.44 17,240.28 190,793.14 65,620.49 346,646.33 2,024,077.09 TOTAL ....................................... 11,152,138.47 744,339.80 125,105.74 1,281,606.35 66,540.71 354,675.74 13,724,406.81 III. DISBURSEMENTS Death Benefit Claims........................... 385,081.92 __ -. . . 3,650.00 675.00 2,000.00 391,406.92 Additional Accidental Death Ben.......... 4,500.00---.----­—.—---.--­-----.-----1,000.00 5,500.00 Matured Endowments............................... 36,000.00---.----­—.—---.-----36,000.00 Cash Surrenders ........................................ 78,082.95-----.----­—.— 14,666.76-----.----­-----.-----92,749.71 Dividends ............................. . . 1,308.45-----.----­—.— 476.72-----.----­-----.-----1,785.17 Home Office Building Disb...................... 27,242.30-----.----­—.—-----.----­-----.----­-----.-----27,242.30 Investment Expenses .... 4,230.39-----.----­—.— —.— —.— —.— 4,230.39 Loss on Sale or Mat. of Bonds ............... 1,241.28-----.----­—.— —.—-----Y —.— 1,241.28 Amortization of Mtge. Premium ........... 7,486.62---.--­—.— —.—---.---7,486.62 Depreciation of H/O Bldg. R/E ........... 4,972.73---.--­—.—---.--­---.---4,972.73 Bond Amortization Decrease . 6,907.78--.---156.75 888.69---.---7,953.22 Actuarial and Audit. Expense .......... 5,107.40---.--­--.---260.25--.--­---.---5,367.65 Monthly Dues Refunds ................... 2,765.06---.--­--.---614.51 79.61 6.60 3,465.78 Accrued Bond Interest ......................... 4,557.84---.--­—.---709.93---.--­---.---5,267.77 Sickness and Accident Claims —.—149,684.85 --.--­---.--­---.--­--.---149,684.85 Permanent Disability- Claims —.—2,200.00 ---.--­---.--­---.--­---.---2,200.00 Medical Examinations ......... —.— 10.00--.--­---.---378.00 6,010.00 6,398.00 Paid Trust Deposits —.— — .--25,150.58---.--­--.--­---.---25,150.58 Payor Benefits Waived ........................... —.—---.--­------18.43--.--­--.---18.43 Over 1% Inc. to Expense Fund ............. —.—---.---1,877.38 ---.--­---.--­---.---1,877.38 Premium Refund —.—---.--­—.---2,995.89--.--­---.---2,995.89 Reserve Transfer ............... —.—---.--­---.---35,073.25---.--­--.---35,073.25 Commissions.............................................. —.—---.--­—.--­---.---18,223.88 39,786.60 58,010.48 Employees Salaries................................... —.—---.--­---.--­---.---13,326.79 53,307.14 66,633.93 Collection «of Dues ....... —.—---.--­--.--­—.---9,426.84 79,184.82 88,611.66 Adv., Printing, Stationery­­. . —.— 113.00--.--­---.---722.42 10,195.65 11,031.07 Officers and Trustees Salaries ............. —.— —.--­---.--­---.---6,180.00 24,720.00 30,900.00 Travel and Other Expenses ................ —.—---.--­i--.--­---.---2,991.43 11,965.74 14,957.17 Official Publication ........ —.—---.--­--­---.---2,649.51 10,598.06 13,247.57 Branch Office Rental .......... —.— i--.--­—.--­---.---425.20 1,700.80 2,126.00 Home Office Rental —.—---.--­—.---2,184.00 8,736.00 10,920.00 Office Mach, and O. Equip. Main........... —.—---.--­—.--­---.---534.13 2,136.52 2,670.65 Other Legal Expense ......... —.—--.--­■--.--­---.---420.00 1,680.00 2,100.00 Postage, Tele., Teleg., Express ............. —.—---.--­. i--.--­---.---1,046.27 3,705.11 4,751.38 District Sessions ............. —.—---.--- . ■--.--­--w---1,177.10 4,708.39 5,885.49 Convention ................... —.—---.--­■--.--­---.---8,128.91 32,515.65 40,644.56 Inspection of Risks .......... —.— —.--­---.--­---.--­--.---286.45 286.45 Insurance Department Fees —.—---.--­—.--­---.--­---.---5,229.23 5,229.23 General Office Maint. Expense ............. • —.— '---.--­---.--­---.--­---.---685.02 685.02 Donations ............. ........ .--.--­—.--­---.--­--.---1,440.76 1,440.76 Americam-Hungarian Federation .... —.—--.--­---.--­---.--­---.---1,000.00 1,000.00 Verhovav Fund . ____ 1,000.00 1,000.00 Withheld Taxes — Dec. 1950................. —.— Expense of Investigating and 1,667.46 1,667.46 Settlement of Claims, • including Legal Expense ................. —.— * 220.00 220.00 Furniture and Equipment ................. —.—---.--­---.--­---.--­---.---2,130.13 2,130.13 Bureau -and Assn. Dues and Assess........ .....__---.--­---.--­---.--­---.---899.75 899.75 Books, News., Periodicals ........................ .....__ —.--­---.--­---.--­---.---543.25 543.25 Insurance ................ ........ —.--­---.--­---.--­---.---9,008.53 9,008.53 Depreciation of Machinery ........................ ....—--.--­.--.--­---.--­---.---7,658.45 7,658.45 Social Security Federal Tax ............... —.—--.--­—.--­---.--­---.---3,091.93 3,091.93 States Unemployment Tax .. ____-----.----­.----.----­-----.----­-----.-----1,177.11 1,177.11 Other States Taxes ................... ....... .......— 41.60 41.60 TOTAL DISBURSEMENTS ......... 569,484.72 152,007.85 27,184.71 59,354.43 68,569.09 330,036.75 1,206,637.55 BALANCE ............................................................. 10,582,653.75 592,331.95 97,921.03 1,222,251.92— 2,028.38 24,638.99 12,517,769.26 JOHN SZALANCZY,National Treasurer JOHNSABO, Nationa Auditor

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