Reformed Presbyterian Minutes of Synod 1993

REFORMED PRESBYTERIAN CHURCH 109SWARTZ, IZENSON 9 ASSOCIATES, „Trustees of the Synod of the ReformedPresbyterian Church of North AmericaNOTES TO FINANCIAL STATEMENTS (CONTINUED)NOTE 3 - BUILDING LOANS RECEIVABLE (CONTINUED)Congregations and denominational boards $ 501,906 $ 365,090Ministers of the denomination 56,679 81,016Employees of the Synod 2,198 3,115Other 20,030 26,578Total $ 581,113 $ 178,829December 311992 1991NOTE 1 - PROPERTY AND EQUIPMENTThe components of property and equipment at December 31, 1992 and 1991 areas follows:December 311992 1991Buildings and improvements $ 320,516 $ 320,516Furniture, fixtures and equipment 216,317 202,215Total 536,833 522,731Less accumulated depreciation 372,261 316,217Property and equipment - net $ 161,572 $ 176,511Depreciation expense for the years ended December 31, 1992 and 1991 totalet$26,011 and $30,598, respectively.