Verhovayak Lapja, 1953 (36. évfolyam, 1-12. szám)
1953 / Verhovay Journal
PAGE 6 Verhov ay (Continued from page 5) Life Benefit Disability Combined Department Department Department Furniture and equipment ................7,263.50 7,263.50 Taxes, repairs and other expenses on real estate .................................22,233.30 22,233.30 Bureau and association dues and assessments .....................................720.00 720.00 Books, newspapers and periodicals 833.08 833.08 Insurance, except on real estate ....779.67 779.67 Sport Activities ...............................15,696.35 • 15,696.35 Investment Expense ......................... 4.320.45 4,320.45 Convention Expense ..........................2,442.95 2,442.95 Actuarial and Auditing Expenses 6,236.25 6,236.25 Trust Fund Payments .....................28,514.04 28,514.04 Miscellaneous Expense ....................166.34 166.34 1950 and 1951 Scaled down Death Ben. Pd..........................................2,956.13 2,956.13 Gross loss on sale or maturity of ledger assets: ................................ Bonds ...........................................424.94 424.94 Gross decrease, by adjustment, in book value of ledger assets, viz: Real Estate ...................................5,021.53 5,021.53 Bonds (including $8,056.79 for amortization of premiums) .....8,056.79 S,056.79 Mortgage Premium ......................280.77 280.77 Machinery Account ......................7,658.44 7,658.44 TOTAL DISBURSEMENTS 1.117.853.49 145,127.30 1.262.980.79 12.731,662.86 634.407.4113.366,070.27 Balance .................... 12,731,662.86 634.407.4113,366,070.27 t: SUMMARY OF TRANSFERS FUNDS CONSOLIDATED PER SECTION 15 OF THE FRATERNAL INSURANCE LAWS OF PENNSYLVANIA IV — LEDGER ASSETS Book value of Real Estate including $6,501.43 owned under contract of sale ............................ Mortgage Loans on Real Estate, per Schedule B, first liens, $583,073.93 Liens, loans or other credits on certificates of members ................................................................ Book value of Bonds, $11,823,859.25; Stocks, $35,032.47 ......<................1'.............................. Cash in society’s office ............................. $1,000.00 Deposit in trust companies and banks not on interest, per Schedule N .................$207,894.33 Deposit in trust companies and banks on interest, per Schedule N ................................. $39,218.44 Bills receivable, $350.01) ............................................. Other ledger assets, viz: Deposit in Suspended Bank. Schedule N ............................. Total Ledger Assets, as per “Balance,” column 6, page 3 13,366.070.27 NON-LEDGER ASSETS Gross interest due, and accrued, $2,639.94 on Mortgages ................................................................ 2,639.94 Gross interest due, and accrued. $107,631.98 on Bonds not in default .......................................... 107,631.98 Gross interest due, and accrued, $94.73 Deposit in Banks .............................................................. 94.73 Total interest and rents due and accrued 110,366.65 Market value of stocks over book value .............. 15,946.90 Payments actually collected by subordinate Lodges not yet turned over to Supreme Lodge ...L......... 44,221.45 60.168.35 Gross Assets ............................................... 13,536.605.27 DEDUCT ASSETS NOT ADMITTED Bills receivable ............................................................ 350.00 Deposit in suspended banks ..................................... 572.85 \ Book value of bonds over amortized value ........... 20,282.78 21.205.63 127,018.23 i 583,073.93 548,050.77 11,858.891.72 248,112.77 350.00 572.85 Journal April 15, 1953 V — LIABILITIES, RESERVES AND UNASSIGNED FUNDS (b) Additional Accidental Death Benefits .......... None 1,000.00 Sickness and Accident . .. Total Claims............ 19,500.00 1,000.00 40,600.00 40,600.00 4,000.00 40,600.00 64,100.00 Salaries, rents, expenses, commission, etc., due or accrued ................................. 12,961.19 Estimated amount due or accrued for taxes ....... 2,595.69 Advance payments or premiums ............................ 101,451.65 All other liabilities, viz: Trust Fund and Trust Fund Accrued Bank Interest ................ 111,320.61 Pension Fund .................................................... 15,607.07 Security Valuation Reserve ................................ 32,592.13 276,528.34 Total Unpaid Claims and Other Current Liabilities and Security Valuation Reserve Reserve (specify' table of mortality and rate of interest) ..............................:.................................... Senior, American Experience 3% ......................... Senior, American Men Vf/c ..................................... Juvenile, American Experience, 3% ...................... Juvenile, American Men, 2jf% ............................... Disability Reserve ................................................... Reserve to cover the non-deduction of deferred fractional premiums at the death of the insured (if not included in items 20-25 above) ............ 340,628.34 10,595,970.00 130.377.00 1,035.511.00 63.378.00 529.261.00 63.463.00 Total Reserves 12,417,960.00 Total amount of all liabilities (including reserves) 12,758,588.34 Unassigned Funds .................................................... 756.811.30 ___________ TOTAL ............................................................ 756,811.30 Total to Balance With Admitted Assets.... 13,515,399.64 DISTRIBUTION OF ASSETS AND LIABILITIES ACCORDING TO FUNDS Life Benefit Department Disability Depa rtment Combined Department (a) Total Ledger Assets per “Balance” ................................... 12,731,662.86 634,407.4113,366,070.27 (b) Add total interest and rents due and accrued ........................ 110,366.65 110.366.65 (c) Add all other non-ledger assets 60,168.35 60,168.35 (d) Gross Assets .............................12.902,197.86 634.407.4113,536,605.27 Deduct Assets, not admitted ..........21,205.63 21,205.63 (f) Total Admitted Assets . .12.880.992.23 634.407.4113,515,399.64 (g) Total unpaid claims and other current liabilities ..........................300,028.34 40,600.00 340,628.34 (h) Reserves .....................................11,888.699.00 529.261.0012,417,960.00 (i) Total Liabilities and Reserves. ..12,188,727.34 569,861.0012,758,588.34 (k) Unassigned funds per item 31, page 5 .............................................692,264.89 64,546.41 756,811.30 (1) Total to balance item 38, page 412,880,992.23 634.407.4113,515,399.64 (m) Unassigned funds at end of current vear ...................................692.264.89 64,546.41 756,811.30 (n) Unassigned funds at end of previous year .................................703,342.95 703,342.95 (o) Increase or decrease during the vear ..............................................- 11,078.06 64,546.41 53,468.35 Total Admitted Assets 13,515,399.64
