The Southwestern Historical Quarterly, Volume 53, July 1949 - April, 1950 Page: 59
538 p. : ill., maps ; 23 cm.View a full description of this periodical.
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Affairs of the Association 59
months. This amount will be paid to the Collector of Internal Rev-
enue in April, 1949.
Net Worth-$99,662.3o
The Net Worth of the association is detailed in Exhibit 2 and is
summarized below:
Balance M arch 1, 1948 .............................................$9 ,88 .88
Additions
Excess of Receipts over Disbursements...... .... . . ........ . 7,765.91
Interest earned on Investments ....... .............. .......... 758.oo
Increase in Receivables.................. ........ ............. 70.75
Decrease in Liabilities ....................................... 186.76
Balance M arch 1, 1949......................... ............ ..... $99,662.30
COMMENTS ON OPERATIONS
The Receipts and Disbursements for all funds are shown in Exhibit
4 and are summarized in comparison with the preceding year as
follows:
March 1 to March 1 Increase
All Funds 1947-1948 1948-1949 Decrease*
Opening Balances ...... ... . $18,755.81 $16,610.39 $ 2,145.42
Receipts ................... 52,611.9go 28,836.49 23,775.41
Total .................... . $71,367.71 $45,446.88 $25,92o.83
Less Disbursements ........... . 54,757.32 21,070.58 33,686.74
Ending Balances .................... $16,610.39 $24,376.30 $ 7,765.91*
The General Fund Receipts and Disbursements are detailed in
Exhibit 5 on a comparative basis with the previous year. It should
be pointed out that the decline in revenue receipts from sales of books
as shown in this statement is due to the fact that during the current
year the majority of book sales were from the sales of books financed
from the Publications Fund and therefore such receipts are shown in
that fund.
The cash basis of accounting is followed in which receipts are
considered revenue when collected in cash and expenditures are
recognized when disbursed in cash. Neither the receivables nor the
payables are reflected in the operating statements. This procedure is
consistent with that followed in preceding years and is considered
adequate under the circumstances.
The receipts and disbursments by funds are presented in the fol-
lowing exhibits:
Exhibit Number
General Fund . ..... ....... 5
Rockefeller Fund ....... ......... 6
Handbook Expense Fund ........ .7
Savings Fund ..... ........ 8
Special Fund .... .......... ...... 9
Particular Purpose Fund . ........ .o
Publications Fund ..................11
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 53, July 1949 - April, 1950, periodical, 1950; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth101126/m1/77/: accessed April 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.