LCMS Convention Proceedings St. Louis, Missouri — 1929, Page 158

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162 Proceedings of Thirty-Fourth Regular Convention

Y. ASSETS AND LIABILITIES -
January 31, 1929,

Current Assets; — Synod’s Assets,

Cash

PNT, $ 45335.39
Accounts Receivable: —
Western Canadian Districts .._.. $ 3699.13
Texas District... 1 25000.00
Western District ....0 0017777 13203.09
——_——- 41902.99
Notes Receivable 20.0 105488.20
Permanent Trust Fund Investments: — ~ $192725 74
Bonds $305550.00
Loans (secured) 00... 94451.15
Stocks (received by gift) 00000 301.00
Deferred Charges :-— 400302.15
Collection envelopes ..0...) $ 4910.06
Publicity 3... 10607.43
School-defense Fund .20 0010700 5147.3]
——— ——_20664.89
Total assets '8613602.69
Current Liabilities: __ Synod’s Liabilities,
Accounts Payable: —
Accrued liabilities : Negro Missions _...__. $ 9611.51
Accrued liabilities: Building Fund .... ||| 41433.44
Church Extension Fund...) 279086.29
Relief Fund 2.000 15217.16
Relief Emergency Fund ....011) 1) 50000.00
St. Louis Seminary — old property ....._.. 10455.62
Sundry accounts 26. 9021.75
—_
$414825.77
Notes Payable 3... 3600.00

Budget Accounts Payable: — —————— _—- $418425.77

Building Fund... $240377.47
Contingent Reserve Fund |||) 177 54496.34
Deaf-mute Building Fund...) 1895.57
Foreign Building Fund 000000) 50060.63
Negro Building Fund ..01 1200000000007 15588.60
Permanent Trust Funds: — 362418.61
Annuity Endowments .....0. $ 55155.94
Legacies 230783.31
Permanent Support Fund... 77” 109373.80
——_———. 395313.05
Undivided Earnings |... Br, 80439.07
Total liabilities $1256596.50
Total assets 2 613692.69

tena seca $642903.81

The deficit shown above was caused by excess expenditures during the
years 1922-1927 in the treasuries listed below as shown in the first
column. The receipts for “Synod’s Debt” during 1928 have been appor-
tioned as shown in the second column below, leaving deficits as of Jan-
uary 31, 1929, as shown in the last column.

Ev. Luth. Synod of Missouri, Ohio, and Other States. 1929. 163

Deficit Share of Defictt
Janae $1, Synod’s Debt January su,
1928 Fund Receipts 1929

$ 34158.36 $ 4917.66 $ 29240.70

poard of Support ...-------- 0. - 0. 32755.77 4716.55 28039.22

mute Mie LLL agovete — @adene 38581.40
Perepea MOM cece, 89699.14 1291481  —76784.33
Foreign Missionviasions |. 22802.86 3282.77 19520.09
Foreign es eee 126716.35 18243.36 108472.99

oe eid Seamet ’s Missions... 2916.60 . !
jmmigrant and Seamen's Missions. 5005.99 721.21 4284.78
Indian Missions = 00 sooo 2643.82 380.61 2263.21
Jewish Mission 43208.93 6220.61 —=«-36 988.32

uth A 346053.86  49822.15  296231.71
Syn! 1€a.

$751031.84
108128.03 $108128.03

Deficit, January 31, 1929 ..... $642903.81 $642903.81

Mr. Theo. W. Eckhart, who has prepared this Treasurer’s Report,

rranged it so as to make cross-references within the report and
ps tive references to previous reports quite easy. The numbers
ond letters at the beginning of the respective lines identify each
and nt Section V gives by years an interesting account of the
totals of disbursements in our synodical expense account. — The para
graph on Assets and Liabilities (Y) must not be taken to include a
of Synod’s assets. The Treasurer’s office has not carried ordinary
property accounts. Synod’s books, therefore, do not contain any a
ventories” (real estate, improvements, furniture, and other ¢ atte * .
The assets listed include only book items; but it is sonserwatively
estimated that Synod’s property under a fair appraisal would probe
ably total over $10,000,000. If certain proposals that will be made
to this present convention of Synod carry, the Treasurer’s books in

ill reflect the property values.

ms The ‘undersigned takes the liberty of directing Synod’s particular
attention to Paragraph Y. The last item under “Deferred Charges
shows a balance of $5,147.81 listed as an asset of Synod. This is not
an asset, but a payment made by my office in the work of school
defense, for which there has been no appropriation or collection. This
item has been carried on my books for several years, and it is respect-
fully recommended that Synod authorize the Board of Directors ‘°
charge this item off to the Synodical Treasury in order to get it o
my books. ; ;

It would not be polite to close this report without an expression
of thanks to a number of people who have been of material assistance
in the conduct of Synod’s treasury. Theo. W. Eckhart, the Financial
Secretary, continues to supervise and, in part, to conduct all the
bookkeeping connected with the Treasurer’s office; a committee cone
sisting of Messrs. A. G. Brauer, Robert H. Leonhardt, and wa ter
Schlueter has rendered valuable services as Controlling Board when-