The Southwestern Historical Quarterly, Volume 62, July 1958 - April, 1959 Page: 94
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Southwestern Historical Quarterly
We were informed by the officers of the Association that no liabil-
ities exist except the salary item reported, which was paid on March
As shown by Exhibits I, II, and III, the equity, or net assets, of the
Association increased $7,537.o2 during the year, compared to an in-
crease of $4,504.95 during the preceding year.
Comments on Cash Receipts and Disbursements
The record of cash receipts and disbursements does not reflect the
total cost of the Association's operations since the University provides
housing and office staff. A summary statement of receipts and disburse-
ments of Association monies is shown by Exhibit IV. Details of re-
ceipts and disbursements by funds are shown by Exhibits V through
The scope of this engagement did not include a verification that
all receipts have been recorded, or that disbursements have been made
in accordance with the stipulations of specific grants or the directives
of the Association's governing body. However, all recorded receipts
were reconciled to bank deposits for the year. Paid checks (signed by
the Treasurer and countersigned by the Director) were examined for
all disbursements from the bank's and were reconciled to the recorded
disbursements. Approved invoices were examined in support of a sub-
stantial portion of the disbursements.
Cash receipts were $2,549.18 less than in the prior year. This de-
crease is accounted for primarily by decreases in dues, sales of re-
prints and quarterlies, and "other" receipts. The decrease in "other"
receipts of $1,951.49 is accounted for (1) by the fact that the Junior
Historian dinner meeting was paid for directly by the participants
in the prior year, the cost of the dinner was paid by check by the
Association, which, in turn, was reimbursed by the participants, and
(2) by the fact that in the prior year, the Association received $885.oo,
representing final settlement on the amount owed by Brown Brothers
(a defunct investment firm) to the Association.
The decrease of $1,472.86 of disbursements is accounted for pri-
marily by decreases in the cost of reprints, printing the Junior His-
torian, binding the Quarterly, and a significant decrease in expendi-
tures for meetings. The decrease in meeting expenses is explained, in
part, in the prior paragraph discussing cash receipts. These decreases
were offset, to a significant extent, by increased cost of $2,450.oo for
work on the Index.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 62, July 1958 - April, 1959, periodical, 1959; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101173/m1/116/: accessed October 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.