General Conference Bulletin, vol. 7
Auditor’s Statement
R. T. DOWSETT
TAKOMA PARK, WASHINGTON, D. C., April 25, 1913.
General Conference Committee, GCB May 18, 1913, page 30.1
Elder W. T. Knox, Treasurer, GCB May 18, 1913, page 30.2
Takoma Park, D. C. GCB May 18, 1913, page 30.3
Dear Brother: In harmony with your request, I have completed a thorough audit of the books of your Treasury Department for the year ending Dec. 31, 1912. Also, checked all accounts affecting the cash to date of audit (March 25, 1913). The cash in hand harmonizes with the amount demanded by the cash-account, and the several banks with which money is on deposit acknowledged balances in accord with your books, taking into consideration outstanding checks not cashed by the banks at the date of balance. GCB May 18, 1913, page 30.4
Entries covering the receipts were checked from original correspondence, and I found the same properly recorded. Satisfactory vouchers, receipted invoices, and statements cover the disbursements. I find the books in balance, and accounts are kept in a very satisfactory manner. GCB May 18, 1913, page 30.5
I have checked the statements herewith submitted, and I am pleased to certify to their correctness. They reveal the condition of the various accounts. It is gratifying to see the General Conference in such excellent condition financially. GCB May 18, 1913, page 30.6
In submitting this report, I desire to express my appreciation for the courtesies extended to me during this audit by all connected with your Treasury Department. GCB May 18, 1913, page 30.7
May the year 1913 bring to the cause of God additional prosperity financially as well as great spiritual blessing. GCB May 18, 1913, page 30.8
Sincerely your brother,
R. T. DOWSETT, Auditor.
GENERAL CONFERENCE CORPORATION FINANCIAL STATEMENT
Dec. 31, 1912
RESOURCES:—Takoma real estate $33,474.11 Less depreciation for bldg. 1,000.00 $32,474.11 Cuban real estate 909.35 Office furniture and fixtures 3,878.95 Less depreciation reserve 304.99 3,573.96 Dup. & computing machines 780.50 Less depreciation reserve 112.00 668.50 Typewriters 1,497.59 Less depreciation reserve 253.32 1,244.27 Accounts receivable 18,586.28 Notes receivable 196,435.96 Less depreciation reserve. 2,155.42 194,280.54 Interest accrued on notes receivable 8,238.11 Insurance (unexpired) 110.68 Cash on hand 29,313.14 $289,398.94
LIABILITIES:—
| Bills payable | 142,653,46 | |
| Annuity contracts | 34,050.00 | |
| Depositors | 46,965.32 | |
| Certificates of deposit | 16,683.05 | |
| Accrued interest on bills payable | 4,622.11 | |
| Accrued interest on annuity contracts | 395.79 | |
| 245,369.73 | ||
| Present worth Jan. 1, 1913 | 44,029.21 | |
| GAINS:— | ||
| Interest | 2,649.93 | |
| General Conference Corporation Fund | 100.00 | |
| Notary fees | 5.75 | |
| Rent | 1,692.71 | |
| 4,448.39 | ||
| LOSSES:— | ||
| Annuities | 1,783.77 | |
| Depreciation | 1,670.31 | |
| Expense | 78.90 | |
| Insurance | 40.52 | |
| Salary | 247.00 | |
| Taxes | 289.61 | |
| 4,110.11 | ||
| Net gain for year 1912 | 338.28 | |
| Present worth Jan. 1, 1912 | 43,690.93 | |
| Net gain for year 1912 | 338.28 | |
| Present worth Jan. 1, 1913 | 44,029.21 |
General Conference Corporation Comparative Statement
| Present worth Jan. 1, 1909 | 40,609.99 |
| Present worth Dec. 31, 1912 | 44,029.21 |
| Net gain for the four years | $3,419.22 |