William Penn Life, 1970 (5. évfolyam, 1-4. szám)
1970-05-01 / 2. szám
CERTIFICATE OF AUDIT tending, 10 mens and 6 womens teams, so look out everyone! Our own Wm. Penn mixed league held their annual bowling banquet on April 12th and guess who’s team ended up in first place? None other than Elvira László and László Kubovics. Congratulations Elvira to you and your team for a job well done. After a year of hard work selling cookbooks and helping out at our social affairs, the Ladies Auxiliary of Branch 18, are going to have an outing of their own and plan to journey across the river to Windsor, Canada for a little night life. The group trip to Hungary under the direction of Mrs. Julia Danko, our fraternal affairs department co-ordinator, will be departing on June 25th from Detroit direct to Budapest, non-stop and returning on August 1st. On Sunday, August 16th we will again have our annual Children’s Family Style Picnic at Gregory Park in Lincoln Park and all parents with children should attend this picnic. Bring your picnic basket and refreshments. For the youngsters there will be games and races with prizes for the winners. For the adults as in the past there will he card games of different varieties and other things to pass away the time. Looking forward to seeing all of you at Toledo . . . Your Reporter John P. Vespremi 28 Youngstown, Ohio Six members represented Branch 28 at the Banquet of Branch 14, Cleveland, Ohio, April 18th. Agent Mr. Leslie Polgar, President, John Bunchy, Mrs. John Bunchy, Vice President, Jack Palmer and Mr. and Mrs. Frank Szegedi of Waren, Ohio. This affair was in honor of two of their Illustrious Members, for their hard work of our beloved William Penn Association. And Mrs. Koszta for her 50 year membership pin. Keep up the good work in true fraternalism. It was so nice to see many of our wonderful friends. Bowling Banquet for our mixed league was held April 19, 1970, Lake Milton, Ohio, at the cottage of Mr. and Mrs. Paul Toth. Everyone enjoyed themselves in spite of the bad weather. Many thanks for having us there. The winners in the second half were Steve and Kay Novak, so a roll-off between 1st half winners was held. League Champs are Jack Palmer, our league President and Sheryl Bunchy, our Treasurer. Election of officers was held, elected officers are: Persident: Jack Palmer; Vice President: Mrs. Margaret Bunchy; Secretary Mrs. Thomas Graham; Treasurer: Miss Sheryl Bunchy. Bowling will start September 13th, 1970, anyone interested in bowling call me at this number 534- 5789. Our Bingo and Card Party was a The members of the National Auditing Committee of the William Penn Fraternal Association, met at the Home Office, 429 Forbes Avenue, Pittsburgh, Pennsylvania on Monday, March 9, 1970 to begin their semi-annual examination of the books and records of the Association. Committee Members present were: William C. Kohut, Chairman; John P. Veszprémi, Secretary; Zoltán B. Emri, László Kereszti, Albert G. Kertesz and Helen Nemeth. The semi-annual audit covers the period for 6 months beginning July 1, 1969 to December 31, 1969 and commenced with the examination of all records of income loans, investments, pension plans, interest from premiums, mortgage and policy from bank savings accounts, interest from securities, loans and other investments. Further income came mainly from rentals of properties owned by the association and stock dividends. Total income from all sources for the period amounted to $2,027,926.76. All disbursements were given special attention by the committee and were found to be properly authorized for payment. Disbursements were made for claims, dividends to members, commissions and fees to fieldworkers, general operating and investment expenses, pension plan payments, taxes and licenses and miscellaneous items. Total disbursements for the period amounted to $1,858,- 420.10. The auditing committee met concurrently with the Board of Directors at their quarterly meeting on March 9th and observed the manner in which they conducted the business of your association. It is the opinion of this committee that the Board of Directors are handling the interests of the association in an excellent manner and along with the national officers are to be commended for their work and efforts to maintain our standard as a great fraternal association. The controllers department has now been transferred to the treasurer’s desucces, and we would like to thank all the members who worked so hard to make it a success. Kay Novak, Mary Cornman, Frances Sakisits, Ann Wash our Secretary and Treasurer, Louise Horvath, Steve Novak, John Kaluczky, Sándor Tollas, Arthur Burnett, A1 Nagy, President and Vice President also your Reporter. Robert Horvath did a swell job as Master of Ceremonies. We wish to thank all who donated gifts and cakes. Out of town guests were Bözsi Simon of Ambridge, Pa., Mr. Eddie Torda and his wife Kay, Stella Marcel and Louise Kosmach of Cleveland, Ohio. Our sympathies to the bereaved family of Mrs. Stephen Silver (Szeibert). Sons Joseph, Anthony and Andrew, daughter, (Continued on page 8) partment and all duties previously performed by the former controller are being supervised by the national president, the national secretary and the national treasurer. It is noteworthy to mention that currently the investment and controller’s department under the direct supervision of President Charles, Secretary Stelkovics and Treasurer Somogyi, are rendering all decisions as to acquiring and disposing of securities and preparing all financial budgeting for the association. The attached financial statement discloses that our national officers have made wise and prudent decisions in handling the investment department and the controllers division as evidenced by the total gain for the year 1969 and it is the committees express opinion this year, 1970 shall be another beneficial year for the association and its members because of the caliber of leadership that we now have. Secretary Albert Stelkovics, explained to this committee the method of having all national officers, directors, auditing committee, fieldworkers and home office employees covered under fidelity bonds and also displayed the various types of insurance coverages on the association and its assets. Secretary Stelkovics also outlined to this committee the association’s employee pension plan. The By- Laws of the pension plan were carefully read and evaluated and it was noted that the Directors and national officers shall have the responsibility and authority for the management and operation of the pension plan. President Charles and legal counsel Gay Banes were interviewed separately about what progress is being made on the new building project that the association now has under consideration. Their individual reports disclosed that this project is now out of the formative stage and plans have been submitted as to the location and size of the new building and additional information will be forthcoming in the near future. Upon visiting the various departments staffed by the home office personnel, we observed that all employees appear to be performing their respective duties diligently and the work load being divided into three separate departments under the direct supervision of the national officers. Our examination was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances, the audit being concluded on Saturday, March 14, 1970. Respectfully submitted: William C. Kohut, Chairman; John P. Veszprémi, Secretary; László Kereszti, Albert G. Kertesz, Zoltán B. Emri, Helen Nemeth, Members. 7
