The Southwestern Historical Quarterly, Volume 93, July 1989 - April, 1990 Page: 573
598 p. : ill. (some col.), maps, ports. ; 23 cm.View a full description of this periodical.
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Affairs of the Association 573
Equipment and Depreciation
The uses of General and Handbook Fund resources to acquire equipment are accounted for as
transfers to the Equipment Fund Depreciation of equipment is provided over the estimated
useful lives of the respective assets on a straight-line basis
Other Matters
Membership fees are recorded as income in the year in which the fees are received. All gains
and losses arising from the sale of investments are accounted for in the fund that owned the
assets. Pubhcation costs are shown as fund expenditures in the year in which the costs are inm-
curred. Publications inventory represents the capitalized publication costs of certain publica-
tions. Fund balances are reserved in the amount of the funds' respective inventory balances.
Unreserved fund balances represent the portion of fund balances comprised of cash, interest
receivable, and investments
NOTE 2-Investments
Investments are recorded at historical cost. The following schedule presents historical cost
and market value of investments at August 31, 1989.
Historical Market Value
Cost Aug. 3i, 1989
Certificates of deposit $ 44,101 $ 44,101
Money market funds 531,541 531,541
Common stock 7,411 9,842
Corporate bonds 10,150 9,938
U.S. government bonds 307,971 319,312
U.S. Treasury notes 1,268,622 1,299,i23
America income funds 398,898 407,896
Federal income funds 621,758 617,668
Total investments 3,190,452 3,239,421
In the year ended August 31, 1989, the Association realized net long-term capital gains of
$128,975 on common stock trust funds. The net gains were distributed to the funds owning
the common stock trust funds as follows.
Aug 31, 1989
Endowment Fund $ 58,o65
Handbook Endowment Fund 18,804
Temple Research Fellowship Fund 5,662
Clark Research Fellowship Fund 6,797
Cullen Research Fellowship Fund 33,985
Abell-Hanger Research Fellowship Fund 5,662
Total Net Capital Gains 128,975
NOTE 3-Equzpment and Depreciatzon
A summary of equipment follows.
Aug. 31, 1989
Computer equipment $47,422
Office equipment 6,591
54,013
Less accumulated depreciation 22,276
31,737
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 93, July 1989 - April, 1990, periodical, 1990; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth101213/m1/643/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.