The Lutheran Pioneer St. Louis — 1927, Sheet 143

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THE LUTHERAN PIONEER.

143

DIsBURSEMENTS SUMMARIZED.

DepMISSIONS: c/n ceaie sict ccieles cies $148895.80 $155350.68
6. Buildings and Sites .........- 91274.55 86143.17
7. Endowments and Legacies ..... 205.57
MGONIGLAL GS «oie icre te te wie Uiclciealetete 21238.05 57945.66
Total Disbursements ....$261613.97 $299439.51
Casn BALANCE.
Disbursements, July 1 to June 30.$261613.97
Cash Balance, July 1, 1925....... 11300.64
$250313.33
Receipts, July 1 to June 30....... 239441.30
Cash Deficit, June 30, 1926....... $10872.03 $ 10872.03
Disbursements, July 1 to June 30..........- 299439.51
$310311.54
Receipts, July 1 to June 30 ........-.---+-- 297798.90
Cash Deficit, June 30, 1927............-00- $12512.64
Balance Sheet.
As of June 30, 1927.
Asser Accounts — DEBIT.
Accounts Receivable ..........-- $ 1385.16
Alabama Book Account ......... 185.13
Alabama Working Capital . 275.00
Automobile Advances ..... 1732.64
Bills Receivable ...........- .. 16525.00
Mission | Mund Gece ss cc clecinicciclels.» 25334.72
Petty Cash Advance ............ 10.00
Buildings and Sites: —
Atlanta, Ga. .........ceceeee 1455.20
Building Fund—General .... 21464.87
Immanuel College — Dormitory 34772.20
Winston-Salem, N.C. ........ 1526.24
Total wevtsiisisia tre siecccclooiiee revise sie $104666.16
Lrapiiiry Accounts — CnrepirT.
Accrued Liabilities .. $ 657.00
African Mission ..... 2330.47
illgePayablecc)-\cce cles cess 10668.50
Cash — Overdraft at Bank ...... 12512.64
Dominick, Albert ...........---- 604.10
Endowments and Legacies ....... 10065.49
Gauthreaux, Lloyd ............. 191.00
Insurance Reserve .........---+- 1250.00
Building Accounts: —
JDDG Gseeaupdogooondn 8086.08
Ohicago,vlliies sc ccciee cc se = ele 321.73
High) Point, Ni.C.) 220-3... - 2047.74
Immanuel College— Dormitory 42063.66
Residencelemice access eels 5214.53
Spartanburg, S.C. ........... 107 1.48
Winston-Salem, N.C. ........ 7581.74
Total retecisicis aisle caeesicsislerie sn eiicle $104666.16

Above is reproduced the Treasurer’s Annual Report.
As last time so also now the report of two years has been
set in parallel columns so as to provide for ready com-
parison.

It is gratifying to note the substantial increase in the
offerings to the Mission Fund. These offerings have in-
creased from $117,729.01 two years ago to $130,349.25
@ year ago and $152,395.28 last year. By comparing the
gross receipts under Group 1 with the gross disburse-
ments under Group 5, you Will note that during the last
year our gross receipts for the Mission Fund slightly ex-

ceeded the gross disbursements. A year ago the debt in
the Mission Fund was $25,659.25, at the end of the year
just closed the debt was $25,334.72. This demonstrates
that we have operated our Mission within our income
during the last fiscal year, but that we must continue to
operate very judiciously and economically and that we
must record a further increase in offerings in order sub-
stantially to reduce the existing debt.

In Group 2 are recorded the various receipts for build-
ing operations. The gross building receipts in the last
three years exceeded the sum of $160,000. At the begin-
ning of that period a substantial sum was on hand for
buildings, and it has been possible in the last three years
to expend almost $200,000. Among the major acquisitions
may be listed the Alabama Luther College at Selma,
Ala.; the Girl’s Dormitory at Greensboro, N. C. (not quite
completed) ; substantial chapels in Alexandria, La., Chi-
cago, Ill., Los Angeles, Cal., Mobile, Ala., Philadelphia,
Pa., St. Louis, Mo., a school in St. Louis, Mo., and a great
number of smaller chapels.

The mission disbursements listed in Group 5 lend them-
selves to interesting analysis and comparison.

“Administration Expenses” include such items as sta-
tionery, postage, oflice supplies, help in the Treasurer’s
office and the President's office, legal expense, cost of pro-
fessional audit, fidelity bonds, and the like.

The reduction in the Rent item is largely attributable
to the fact that we now own a substantial number of
chapels for which we formerly had to pay rent.

The increase in Salary is due to the addition of several
men to our staff of missionaries and to the natural in-
creases in the field.

Sundry Expenses includes the cost of the commissary,
medical, and athletic departments of Immanuel Lutheran
College, amounting to $6,365.68. Collections for tuition
and board included in the Mission Fund receipts largely
offset this item. Similarly it includes $4,478.24 covering
similar expenses at Alabama Luther College. About one-
half of this item was refunded and included in the Mis-
sion Fund receipts. Sundry Expenses further includes
$748.83 for school and Sunday-school supplies at our
various missions and the sum of $790.43 for various mis-
cellaneous items of cost at our mission-stations. Finally,
it includes the sum of $558.33 paid to the Missouri Synod
Board of Support, $25 to the Wisconsin Synod Board of
Support, and the sum of $780 as pensions to incapacitated
workers in the mission-field.

The Colored Lutheran, a paper published for circula-
tion among the members of our Mission, operated at a loss
of $371.40. The Missionstaube and the Pioneer again show
an operating loss in excess of $2,800. This is nevertheless
a substantial reduction as compared with the loss in the
previous year. §

The contributions of our mission-stations have taken
a decided trend upward, but they did not equal the
high mark of three years ago. No doubt our colored
brethren are duly appreciative of the Gospel that is being
brought to them and will continue to give more concrete
expression of such appreciation by more liberal offerings
towards the support of their missionaries.

Respectfully submitted,
July 28, 1927. Tneo. W. Ecknanrt, Treasurer.

CERTIFICATE.

We have examined the books and accounts of the Board
for Colored Missions of the Evangelical Lutheran Synod-
ical Conference of North America for the period covered
in the attached report, and we hereby certify that the re-
port is in accordance with the books of’ the institution
and, in our opinion, is correct.

July 27, 1927. Jerr K. Stone AnD Company.