The Southwestern Historical Quarterly, Volume 99, July 1995 - April, 1996 Page: 604
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604 Southwestern Historical Quarterly
August 31, 1995 August 31, 1994
Net realized (loss) on investments $ (49,640) $ (78,383)
NOTE D-Transfer of Fund Income
On June 23, 1979, the Executive Council of the Association passed resolutions requiring the
transfer of investment income from the Publication Fund and Endowment Fund, restricted net
assets, to the General Fund, unrestricted net assets.
On September 9, 1995, the Executive Council passed a relsoution requiring the transfer of
investment income from the Publication Fund to the General Fund for the year ended August
31, 1995, with the understanding that the Publication Fund would be in a deficit position for the
year ended August 31, 1995.
NOTE E-Handbook Project
The Handbook Project Fund was established as a separate accounting entity from the Publication
Fund and General Fund by a resolution of the Executive Council of the Association on June 25,
A summary of the cumulative costs of the Handbook Project follows:
Aug. 31, 1995 Aug. 31, 1994
Total funded by the Association $ 3,900,152 $ 3,507,130
Contributed services 1,266,720 1,194,296
Total Handbook cumulative costs,
including contributed services $ 5,166,872 $ 4,701,426
NOTE F--Legal Expenses
At August 31, 1994, the Association was a defendant in a lawsuit brought by a former employee,
alleging wrongful termination. During the year ended August 31, 1995, the lawsuit was settled
through mediation, at a total cost of $27,893, including legal fees and a settlement payment to
the former employee.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 99, July 1995 - April, 1996, periodical, 1996; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101217/m1/682/: accessed May 26, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.