William Penn Life, 1977 (12. évfolyam, 1-4. szám)

1977-01-01 / 1. szám

Report Of The Auditing Committee To: National President Elmer Charles The National Auditing Committee met at the Home Office October 18 through 22, 1976 to conduct their semi-annual audit of the Association’s books and records. The following committee members were present: Helen Nemeth, Chairlady Emma L. Beganyi, Secretary Louis A. Fodor Michael Hrabar Michael Kara Charles Fabian National President, Elmer Charles welcomed the committee members and invited them to the opening exercises of the National Board of Directors quar­terly meeting. On behalf of the Committee Chair­­lady, Helen Nemeth, extended greetings to the National Officers and the Board members. Our Audit covered the period from Jan­uary 1, 1976 to June 30, 1976. As mem­bers of the duly elected National Audit­ing Committee we certify the following: All cancelled checks, vouchers, ledger sheets for all disbursements were very carefully examined. Stocks and Bond accounts were veri­fied for all income and expenses. Sick benefit ledgers were all checked and exact dates noted of benefits paid. Home mortgage loans were examined. New mortgages have been granted. The Association has a good mortgage port­folio. Disability, dividend and payroll ac­counts were examined and all verified to the bank statements received from the bank upon request of the Auditing Committee. The Committee went to the vaults at Mellon Bank to examine every stock and bond on hand. All were verified to the annual statement, each and every one was counted. The Investment Committee needs to be commended for making pro­fitable investments for the Association. On Saturday, October 16th, the com­mittee members all attended the Annual Scholarship Ball sponsored by the Pitts­burgh area branches. Everyone had a wonderful time and wish to state that it is a good means of income for the Scholarship Foundation. Stephen Szilagyi, Vice President of Marketing, met with the committee and informed us on the various insurance plans available. At the close of audit the committee met with the National President, Elmer Charles, National Treasurer, Julius So­mogyi, and National Secretary, Albert Stelkovics. A question and answer period followed. The National Officers enlight­ened the Committee on the various un­dertakings, such as the new building proposal, the home for the elderly and the merger proceedings. All questions were answered satisfactorily and the committee wishes to state that the Na­tional Officers are doing a thorough, well organized job. On behalf of the committee Chairlady, Helen Nemeth thanked the National Of­ficers and the Home Office employees for their kindness extended to the com­mittee during their stay at the Home Office. Respectfully submitted, Helen Nemeth, Chairlady Emma L. Beganyi, Secretary November 22, 1976 MINUTES . . . and awaits further developments in this matter. 16) National Secretary Albert J. Stel­kovics submitted a final accounting of the Bi-centennial Tour to Hungary. After having heard detailed explanations on several disbursement items, it was moved, seconded and adopted by the Board of Directors that the report be accepted and approved. The Board of Directors again wishes to express appre­ciation to all who from the Home Office Staff worked so diligently to make this trip such a success. 17) Chairman Charles next places on the Agenda the question of a Youth Program for the Association and also to continue efforts to make the Home for Retired a reality. Indications are that with a new Federal Administration taking office in January there will be more funds available for this type of program for the elderly. After hours of discussing this matter, it is moved, seconded and adopted that an Ad Hoc Committee to develop a Youth and Elderly Program be estab­lished. The Committee members are: National President Charles, National Treasurer Somogyi, National Vice President Balia, Directors Sabo and Kohut, General Counsel Banes and National Secretary Stelkovics. The Board gives this Ad Hoc Committee full authority to act on any Federal or other programs which may be available at any time in the future. 18) The Board acknowledged receipt of letters of thanks from the families of Rose Molnár and Mary Kucik Keach on their recent bereavement. Father Dis­­machek, Ernest K. Könnyű, Lorantffy Care Center and Mrs. Tinich for our donations, and Mr. Honer with refer­ence to the Tour to Hungary. 19) The Board of Directors established the following dates for Board Meetings in 1977. March 14, 15 and 16. June 13, 14 and 15. September 19, 20 and 21. December 12, 13 and 14. 20) Moved, seconded and the Board authorized the National President to reward the Home Office employees with a Christmas Dinner on behalf of the Board of Directors. 21) Director Danko thanked the Board of Directors and National Officers for attending the 70th Anniversary celebra­tion of Branch 18 in Detroit, Michigan. He also thanked the members for the many condolences the family received on the passing of his mother, Mrs. Rose Molnár. 22) President Charles presented a per­sonal check to the William Penn Scho­larship Foundation in lieu of Christmas Cards. He thanked the Board of Direc­tors for the concern and future of our Association. We should all pray for the success of our plans for the future. The input of the present Directors into the affairs of our Association will make us proud in the future for the success we have planned. President Charles extended best wish­es for a very Merry Christmas and Happy New Year to everyone and all our members at large. 23) The meeting was adjourned at 12:00 o’clock noon. Respectfully submitted, Frank J. Radvany Secretary of the Board Elmer Charles Chairman of the Board ATTEST: Albert J. Stelkovics National Secretary 19

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