Proceedings of the Annual Meeting Including Biographical Sketches of Members Deceased During the Year Volume 121-127

 
9781234096809: Proceedings of the Annual Meeting Including Biographical Sketches of Members Deceased During the Year Volume 121-127
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 edition. Excerpt: ... from operation for the year 1918, 8,113.46 Legacy from Estate William D. Brewer, 5,854.17 $734,442.48 It has been charged with Depreciation, Furniture and Fixtures, 1,118.92 Balance of this account December 31, 1918, $733,323.56 Showing increase for the year of $12,848.71. The year 1918 has been more profitable than was anticipated at the early part of the year. While the rents from Halls and Advance Deposits, etc., have been less than the previous year by $12,500, other sources of income have partially made up for this, as there was a demand for storage and for the use of certain parts of the building by the Trustees of Tufts College, so that the rentals including these are in excess of last year by some $10,000. There has been received a legacy from the Estate of William D. Brewer of $5,854.17. The expenses have exceeded those of last year by $6,149.68. The receipts or gains have also exceeded those of last year by $7,870.00, The financial condition of the Association at the close of the year 1918, as shown by the books, is as follows: ASSETS. Cash, S 22,984.26 Charity Fund, 143,349.17 Shattuck Fund, 9,166.87 Real Estate, 528,000.00 Revere House Stock, 1,000.00 U. S. Bonds, Liberty Loan, 10,000.00 Beacon Trust Company, 10,000.00 Power and Electric Light Plant, 67.00 Incinerating Plant, 25.00 Furniture and Fixtures, 1,650.00 Trustees of Charity Fund, Charles R. McLean Estate, 8,000.00 Total Assets, $734,242.30 LIABILITIES Advance Deposits on Leases, $ 96.00 Unpaid Bills, 822.74 Total Liabilities, 918.74 'Balance of Surplus December 31, 1918, $733,323.56 Respectfully submitted, WILLIAM FRANKLIN HALL, C. P. A. Accountant and Auditor. REPORT UPON THE EXAMINATION OF THE BOOKS AND ACCOUNTS OF THE MASSACHUSETTS CHARITABLE MECHANIC...

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