nineteen hundred and forty-six - Amazon Web Services

PROCEEDINGS Zl
Educational Building Equipment 2,279.39 664.38 1,615.01
Plasma Equipment. 2,376.49 53.64 2,322.85
Power House 55,407.53 18,404.68 37,002.85
Power House Equipment 26,835.94 15,943.42 10,892.52
Laundry Equipment 21,594.15 14,591.26 7,002.89
Record Store House 735.63 662.04 73.59
Garages 698.55 675.80 22.75
Tools 250.60 166.40 84.20
Office Furniture and Fixtures 7,543.43 3,737.26 3,806.17
Automobile and Trucks 5,897.20 3,262.77 2,634.43
Incinerator 26,908.57 26,908.57
Freezing Unit 1,649.75 1,649.75
$2,170,822.29 $627,219.59 $1,543,602.70 $1,543,602.70
Real Estate Not Used in Hospital Operations:
Land , •-. $ 5,500.00
Dwellings 4,000.00 9,500.00
Stock:
Bank of Gates, Gatesville, Ga. (Par value $210.00)... $ 168.00
Liberty Homestead Association (Par value $37.50). . 1.00 169.00
Current Assets:
Cash on hand and in bank ; $ 26,713.97
United States Defense Stamps ' 50*00
Certificates of Indebtedness of the U. S. A.,
Series K, due December 1, 1946 500,000.00
U. S. War Savings Bonds, Series F
(Maturity value $1,625.00) 1,202.50
Accounts Receivable—Patients $54,572.30
Note Receivable—Patients 2,004.46
56,576.76
Less: Reserve for Bad Debts 5,476.91 51.099.85
Inventories—folio 6 55,689.63 634,755.95
Prepaid Insurance 9,278.72
$2 197 306 37
LIABILITIES AND NET WORTH
Current Liabilities:
Notes Payable to Banks $440,000.00
Accounts Payable-Operations $46,938.48
Due to Employees 2,266.67
Withholding Tax Payable 9,307.20 58,512.35
Total Current Liabilities 498,512.35
Net Worth:
Net Worth, December 31, 1944 $1,580,533.73
Net Income for Year Ended December 31, 1945—
folio 2 118,260.29 1,698,794.02
RECEIPTS FROM CO-OPERATIVE PROGRAM BY STATES
Year Ended December 31, 1945
Alabama % 233.96
Florida 15.00
Louisiana 141.32
Missouri 203.11
Texas 549.66
Virginia 329.80
Miscellaneous 37.93
$1,510.78
$2,197,306.37
25. Chairman Campbell suggested adjustments and changes in
the order of business which were approved.
26. The report of the Relief and Annuity Board was presented
under direction of its President, Wallace Bassett. Members of the
Board and the headquarters staff were introduced and addresses were
made by Executive Secretary Thos. J. Watts and Associate Executive
Secretary Walter R. Alexander. The report was then adopted.
27. The report of the Committee on Statement of Baptist Principles,
presented by Chairman Ellis A. Fuller, Kentucky, was adopted.