Reformed Presbyterian Minutes of Synod 1993

REFORMED PRESBYTERIAN CHURCH 107SWARTZ, IZENSON 8 ASSOCIATES, rTrustees of the Synod of the ReformedPresbyterian Church of North AmericaNOTES TO FINANCIAL STATEMENTS (CONTINUED)NOTE 2 - CASH AND INVESTMENTS (CONTINUED)General mortgages receivable are due over periods from one to twenty-oneyears and bear annual interest ranging from 5f to 12f. The aggregateannual maturities of general mortgages receivable at December 1, 1992 artas follows:Year Ending Amount1993 $ 113,9551991 61,8101995 66,9721996 63,5011997 and beyond 939,885Total $ 1,579,156The general mortgages receivable at Deoember 31, 1992 and 1991 are duefrom the following groups:1992 1991Denomination - related organization $ 387,611 $ 130,000Congregations of the denomination120,513Ministers of the denomination505,638Members of the denomination121,611Commercial113,717171,339111,15568,789282,636Total $1,579,156 $1,399,919The following summarizes the changes in relationships between carryingvalues and market values of cash and investments for the years endedDecember 31, 1992 and 1991: