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366<br />

Explanation<br />

Hotel <strong>and</strong> Camp Operating Income<br />

SOUTHERN BAPTIST CONVENTION<br />

ANALYSIS OF INCOME AND EXPENSE ACCOUNT<br />

Ridgecrest Baptist Assembly, Ridgecrest, North Carolina<br />

Rooms, Meals, <strong>and</strong> Cottage Rentals<br />

Gift Shop <strong>and</strong> Nibble Nook Sales<br />

Registration Fees<br />

Camp Ridgecrest (Boys' Camp Income)<br />

Hotel <strong>and</strong> Camp Operating Expenses<br />

Salaries <strong>and</strong> Wages $ 28,685.61<br />

Insurance 3,898.98<br />

Automobile <strong>and</strong> Truck Expense 1,446.20<br />

Maintenance <strong>and</strong> Repairs 19,138.14<br />

Gift Shop <strong>and</strong> Nibble Nook Purchases<br />

Office Supplies<br />

Travel Expense<br />

Laundry<br />

Postage<br />

Water, Heat, Light, <strong>and</strong> Power<br />

Dining Room, Cafeteria, <strong>and</strong> Kitchen Supplies<br />

Freight <strong>and</strong> Express<br />

Telephone <strong>and</strong> Telegraph<br />

Depreciation of Fixed Properties 16,847.96<br />

General<br />

355.74<br />

Camp Ricgecrest Expense (Boys' Camp Expense)<br />

6,100.90 139.50<br />

Advertising<br />

18-../4<br />

Other Income<br />

Net Operating Loss<br />

Water Rents Collected from Lot Owners<br />

Receipts from Lot Owners for Supplies, etc.<br />

Commissions, Rebates, <strong>and</strong> Refunds<br />

Farm <strong>and</strong> Garden Income<br />

Miscellaneous Income<br />

Other Deductions<br />

Details Amount<br />

7,858.77<br />

1,366.06<br />

828.50<br />

12,515.17 $ 22,568.50<br />

1,956.16<br />

237.29<br />

37.17<br />

72.98<br />

205.00<br />

1,561.75<br />

10,960.58<br />

105.65<br />

828.90<br />

404.89<br />

94.80<br />

419.86<br />

426.48<br />

92,939.65<br />

$ 70,371.05<br />

2,174.93<br />

Net Operating Loss Less Other Income * 68,196.12<br />

Farm <strong>and</strong> Garden Expenses<br />

Legal Expense<br />

Purchases of Supplies, etc., for Lot Owners<br />

Memorial Park Expenses<br />

Survey Expense<br />

Net Loss Carried to Invested Capital<br />

AUDITOR'S CERTIFICATE<br />

864.39<br />

258.00<br />

8.43<br />

126.50<br />

1,641.08<br />

2,898.40<br />

$ 71.094.52<br />

We have audited the books of account <strong>and</strong> records of the Sunday School Board of the<br />

Southern Baptist Convention, Nashville, Tennessee, for the year ended December 31 1945,<br />

<strong>and</strong> in our opinion the attached balance sheet fairly represents the financial position'of the<br />

Board at December 31. 1945. subject to the remarks contained in our detailed audit report.<br />

McINTYRE AND ASSOCIATES,<br />

Accountants <strong>and</strong> Auditors

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