William Penn Life, 1975 (10. évfolyam, 2-4. szám)
1975-04-01 / 2. szám
AUDITING COMMITTEE'S REPORT REPORT OF THE NATIONAL AUDITING COMMITTEE TO: THE NATIONAL PRESIDENT, MR. ELMER CHARLES. The Nationa Auditing Committee met at the Home Office, March 17, 1975 to March 21, 1975. Committee Members present were: László E. Kereszti; Chairman, Emma L. Reganyi; Secretary, Louis A. Fodor, Michael J. Hrabar, Michael R. Kara and Helen M. Nemeth. The Auditing Committe met in a joint meeting with the Board of Directors at the opening of the first quarterly session of the Board and heard greetings and welcome extended by National President Elmer Charles. On behalf of the Committee,Mr. Michael R. Kara expressed the joy and pleasure of being together once more and finding everyone enjoying good health. Our audit covered the period from July 1, 1974 to December 31, 1974. All bank accounts were thoroughly examined and verified through confirmations received from the various banks. These Continued from page 4 DELEGA TE DISTRICT MEETINGS District 22 Branch 45 MeetingPlace West Side Ev. Church 92nd St. & Denison Ave. Cleveland, Ohio Meeting Date Sunday May 18, 1975 Time 2:30 P.M 24 44 Branch Manager's Home 1109 Walton Drive Akron, Ohio Saturday May 24, 1975 2:00 P M. 25 28 Calvin Center 755 Mahoning Avenue Youngstown, Ohio Tuesday May 13, 1975 7:30 P.M, 26 189 William Penn Home 1361 South Wells Alliance, Ohio Wednesay May 14, 1975 7:30 P.M. 27 129 William Penn Office 1501 S. Parsons Ave. Columbus, Ohio Wednesay May 14, 1975 7:30 P.M. 28 27 2026 Consaul Street Toledo, Ohio Sunday May 18, 1975 2:00 P.M. 29 249 St.Stephen’s Hall 1114 Troy Street Dayton, Ohio Sunday May 11, 1975 2:00 P.M. 30 18 V.F.W.Hall 1125 Fort Street Lincoln Park, Mich. Sunday May 11,1975 3:00P.M. 32 214 Hungarian Ref.Church Hall Cor.Delaware & Franklin Ave. Flint, Mich. Sunday May 11, 1975 2:00 P.M. 33 132 William Penn Home 1024 W. Indiana Ave South Bend, Ind. Sunday May 4, 1975 2:00 P M 34 130 Holy Trinity Hungarian Hall 4750 Alexander Ave. East Chicago, Ind. Wednesday May 7, 1975 7:30 P.M 35 15 Sau Hammels Hall 3614 N. Damen Ave. Chicago, III. Sunday May 18, 1975 3:00 P.M. 36 24 Calvin Ref. Church 12300 So. Michigan Ave. Chicago, III. Friday May 9, 1975 8:00 P.M. 38 700 Branch Office 6150 W. Fond du Lac Ave. Wednesday May 14, 1975 8:00 P.M. Milwaukee, Wis. If your Delegate District (Branch) is not listed in the foregoing, please contact your Branch Officers for details regarding your District election. included the General Account, the Payroll, the Dividend, the Medical and Disability Accounts. All the disbursements, cancelled checks, statements and ledgers for the six month period were verified. After examining the Mortgage portfolio, it was noted by the Committee that Mortgage Numbers 14 and 34 are delinquent and the Committee suggested immediate action to collect the amount due or foreclose on the mortgage. All Bond and Stock purchases were verified. Reviewing the Fraternal Activities of the Association, it was noted that 30 branches held Christmas Parties, subsidized partially by the Home Office. Branch Annual Audit Reports were audited, and the Committee wishes to state that after examining the Audit Reports, it was noted that many branches are having activities, thereby furthering fraternalism among the membership. Twelve branches did not submit audit reports for 1974. We recommend that they be requested to file a report each year. On Thursday, March 20th, the Committee examined the securities at the vault of Mellon Bank and found that as of December 31, 1974 the Bonds totalled $30,148,955.05 and the Stocks totalled $1,164,895.41. The Annual Financial Statement and the Actuary’s Report were thoroughly reviewed. The Association shows a Surplus as of December 31, 1974 of $3,766,464.(X). The Solvency Ratio is 112.04%. The Committee compliments Management for doing an outstanding job for the year 1974. The Minutes of the Board Meetings and the Executive Committee Meetings were read by the Committee. Before the close of Audit, the Committee met with National President Elmer Charles and National Secretary Albert J. Stelkovics to review plans for the forthcoming report to the National Convention and matters pertaining to Home Office real estate and the American Fund. Chairman László E. Kereszti, in behalf of the Committee thanked the Officers and the Home Office Employees for the kind cooperation extended to them during the Audit. Respectfully submitted, László E. Kereszti, Chairman Emma L. Beefinyi, Secratary A small boy, sitting on his grandfather’s knee, noticed that he had a red mark on each side of his nose. After looking for some time he asked, "What gave you those red marks at the sides of your nose?’’ “Glasses, ” was the reply. After further reflection the little boy said, "Glasses of what?’’ 5
