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Reformed Presbyterian Minutes of Synod 1993

Reformed Presbyterian Minutes of Synod 1993

Reformed Presbyterian Minutes of Synod 1993

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106 <strong>1993</strong> MINUTES OF THE SYNODTJF THESWARTZ. IZENSON 9 ASSOCIATES, ,aTrustees <strong>of</strong> the <strong>Synod</strong> <strong>of</strong> the <strong>Reformed</strong><strong>Presbyterian</strong> Church <strong>of</strong> North AmericaNOTES TO FINANCIAL STATEMENTS (CONTINUED)NOTE 2 - CASH AND INVESTMENTS (CONTINUED)Fund GroupExpendable funds - operating:Unrestricted - undesignatedUnrestricted - designatedRestrictedNonexpendable funds:EndowmentAnnuity and life incomeCustodianTotalMarket ValuesDeoember 311992 1991$( 11,927) * 19,632928,031 715,97753,351 33,1881,913,3181,805,0612,032,311$ 9,720,1785,031,1911,769,3131,812,173% 9,111,801Cash and investments at December 33, 1992 and 1991 are comprised <strong>of</strong> thefollowing:Ca3h in bankPaine WebberCash FundU.S. GovernmentobligationsU.S. Governmentagency securitiesCorporate commonstocksCorporate bondsGeneral mortgagesreceivableReal estateTotalCarryingValue$ 197,513760,218601,3171,957,2191,815,8231,252,0891,579,156191,316% 8,687,7111992Market1991CarryingValueValue$ 197,513760,218599,2502.019,1562,726,6081,313,9611,579,156191,316\ 9,720,178* 185,0361,215,251267,7771,703,1851.359,1201,898,6091,399.919191.316$ 8,223,516MarketValue$ 185,0361,215,251315,3621,853,6622,281,3911,966,8611,399.919191,316$ 9,111,804

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