William Penn Life, 1980 (15. évfolyam, 1-4. szám)
1980-04-01 / 2. szám
Report of The Auditing Committee The Auditing Committee met at the Home Office, March 17, 1980 through March 21, 1980. The following members were present: Emma L. Beganyi—Chairperson Louis A. Fodor—Secretary Charles S. Fabian Michael J. Hrabar Michael R. Kara Violet B. Lenart The Committee was welcomed by the National President, and our Chairperson, Emma Beganyi, conveyed the Committee’s greeting and good wishes in return. We certify the following audit was made: All disbursements, bank accounts, general accounts, disability payments, medical and pension payments, checked incomes from premiums, stocks and bonds, mortgage payments and all investments. The Committee went to the bank to physically examine new purchases made by the Association. Also examined were all purchases of stocks and bonds—and verified sales of same, and the mortgage loans granted within the last 6 months. The Committee read the report of the President, Executive Committee and the Board of Directors. Also, reviewed the Actuary’s Report to the Board. Regarding operations, the Committee met with the following, the National Officers, also Gus Nagy and Steve Szilagyi—and legal counsel Gay Banes. We wish to thank the Employees of the Home Office for their help and cooperation in furnishing all requested records the Committee needed to accomplish their required task. We are all looking forward to re-new acquaintances in Dayton, Ohio at the 1980 National Bowling Tournament. Our Audit was made in accordance with general accepted audit standards and procedures. Emma L. Beganyi Louis A. Fodor DONATIONS SCHOLARSHIP FUND January, February, March 1980 Steve Üveges, Br. 296, Springdale, Pa.$ 25.00 Branch 22, Boebling, N.J.17.94 Branch 85, Daisytown, Pa,25.00 Branch 705, Mayville. Wise.500.00 John Brady25.00 Premium Donations1,004.41 Lillian Kallay3.00 Mrs. Endre Gall10.00 Betty Maxim2.00 Mr. and Mrs. Stephen Lang50.00 Premium Donations506,52 IN MEMORY OF January, February, March 1980 JOHN ADAM Branch 150 $15.00 MR. and MRS. STEVE MANDZAK Mrs. Julius Malovan 10.00 BEULAH BULLOCK THOMAS BRENNAN RICHARD PEOPLES ALBERT IBOS Mr. and Mrs. Michael Hrabar 40.00 . . . Home Office Employees Retire (Continued from Page 6) Helen retire, we are happy that she is retiring at a time when she can enjoy her well earned and well deserved retirement years. Mr. Joseph Susch has served the Association with dedication in many capacities, during the past 16 years. He first came to us in the old Verhovay Building on Fourth Avenue. After moving to our present location Joe kept our file records in order and most recently served as mail clerk. We will all miss his willingness to pitch in and help wherever he was needed, his retirement is well earned. To Helen Erdeky and Joseph Susch the Officers, fellow employees and the William Penn membership wish you a long, happy and healthy retirement and accept our heartfelt thanks for your many years of faithful service to this Association. 1979 ANNUAL STATEMENT FINANCIAL REPORT ASSETS: Bonds ........................................................................................ $34,537,344 Stocks........................................................................................... 2,114,965 Mortgage Loans.......................................................................... 2,028,164 Real Estate................................................................................... 1,417,235 Certificate Loans........................................................................ 923,735 Cash ............................................................................................. 674,568 PREMIUMS: Life ............................................................................................. 18,585 Accident & Health.................................................................. 2,745 Accrued Investment Income................................................... 674,129 Total Admitted Assets.....................................................$42,391,474 LIABILITIES, SPECIAL RESERVES AND SURPLUS CERTIFICATE RESERVES: Life ............................................................................................. $33,768,389 Accident & Health................................................................... 318,036 Supplementary Contracts Without Life Contingencies . . 67,097 Miscellaneous.......................................................................... 291,184 CERTIFICATE CLAIMS: Life ............................................................................................. $ 71,024 Accident & Health................................................................... 17,080 Refund (Dividend) Accumulations........................................ 1,589,744 Provision for Refunds Payable in Following Calendar Year................................................................... 20,000 Advanced Premiums................................................................ 722,936 Commissions, Taxes, General Expenses Due or Accrued........................................................................ 40,833 Security Valuation Reserve................................................... 659,607 Trust Account........................................................................... 137,540 Other Liabilities........................................................................ 19,997 Total Liabilities...................................................................$37,723,473 Special Reserves..................................................................... 31,599 Unassigned Surplus................................................................ 4,636,401 Total ................................................................................... $42,391,474 7
