Verhovayak Lapja, 1953 (36. évfolyam, 1-12. szám)

1953-04-01 / 4. szám

6-IK OLDAL 1953 április 1. Verhovayak Lapja (Folytatás az 5-ik oldalról) Life Benefit Department Disability Department Combined 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 8,056.79 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 12,731,662.86 634,407.41 13,366,070.27 Balance .......................................... 12,731,662.86 634,407.4113,366,070.27 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, 9683,073.93 ........................................... Liens, loans or other credits on certificates of members ............................................................... Book value of Bonds, $11,823,859.25; Stocks, $35,032.47 ...............................................:.....i.... 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, $350.00 ............................................. 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 .............. 44,221.45 60,163.35 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 Total Admitted Assets ................................ 13,515,399.64 127,018.23 583,073.93 548.050.77 11,858,891.72 248.112.77 350.00 572.85 V — LIABILITIES, RESERVES AND UNASSIGNED FUNDS Due and Unpaid 3 Incomplete Proofs, Under Adjustment, bj or Adjusted but not Due Estimated Net Losses Incurred in Current w Year but not Reported Present Value of Claims Payable in 'S Instalments Total Liability for Outstanding Claims oS and Losses (a) Deaths ......................None 18,500.00 4,000.00 22,500.00 (b) Additional Accidental Death Benefits ..........None 1,000.00 1,000.00 Sickness and Accident .... 40,600.00 40,600.00 Total Claims............ 19,500.00 4,000.00 40,600.00 64,100.00 Salaries, rents, wpenses,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 AH 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 340,628.34 Reserve (specify table of mortality and rate of interest) ........................ Senior, American Experience 3% ......................... 10,595,970.00 Senior, American Men 24% ...... ......... 130,377.00 Juvenile, American Experience,3% ................... 1,035,511.00 Juvenile, American Men,24% -63,378.00 Disability Reserve .........'>29,261.00 Reserve to cover the non-deduction of deferred fractional premiums at the death of the insured (if not included in items 20-25 above)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 Department 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 ......................... (c) Add all other non-ledger assets (d) Gross Assets ............................. 110,366.65 60,168.35 12,902,197.86 634,407.41 110,366.65 60,168.35 13,536,605.27 Deduct Assets, not admitted .......... (f) Total Admitted Assets .. . 21,205.63 12,880,992.23 634,407.41 21,205.63 13,515,399.64 (g) Total unpaid claims and other current liabilities ......... (h) Reserves .................................... (i) Total Liabilities and Reserves ... (k) Unassigned funds per item 31, Page 5 ............................................ (l) Total to balance item 38, page 4 300,028.34 11,888.699.00 12,188,727.34 692,264.89 12,880,992.23 40,600.00 529.261.00 569.861.00 64,546.41 634,407.41 340,628.34 12,417,960.00 12,758,588.34 756,811.30 13,515,399.64 (m) Unassigned funds at end of current year ........•..........................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 year ..............................................- 11,078.06 64,546.41 53,468.35

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