024.00.72 Ark. Code R. 001
ARKANSAS BURIAL ASSOCIATION BOARD
STATEMENT OF ASSETS, LIABILITIES AND NET EQUITY
JUNE 30, 1972 AND 1971
ASSETS | JUNE 30, 1972 | 1971 | INCREASE (DECREASE) |
CURRENT ASSETS Cash in Bank - Checking Account | $ 20,992 | $ 19-110 | $ 1,882 |
INVESTMENTS | |||
Commonwealth Federal Savings & Loan | 10,000 | 10,000 | - |
Bank of Prescott | 5,000 | 5,000 | - |
First Federal Savings & Loan | 10,000 | 10,000 | - |
Union National Bank - Savings Account | 7,833 | 7,490 | 343 |
Total Investments | 32,833 | 32.490 | 343 |
FIXED ASSETS | |||
Automobiles | . 6,101 | 6,100 | 1 |
Office Furniture and Equipment | 5.710 | 5,710 | - |
Total Fixed Assets | 11,811 | 11.810 | - |
TOTAL ASSETS | $ 65,636 | $ 63,410 | $ 2,226 |
Liabilities and Net Equity | |||
LIABILITIES | |||
NET EQUITY | |||
Balance, beginning of year | 63,410 | 61,057 | 2,353 |
Add: Excess of Income over Expense Schedule Attached | 2,226 | 2,353 | (127) |
Balance, end of year | 65,636 | 63,410 | 2,226 |
Total Liabilities and Net Equity | $ 65.636 | $ 63.410 | $ 2,226 |
ARKANSAS BURIAL ASSOCIATION BOARD
STATEMENT OF INCOME AND EXPENSE
FOR THE YEAR ENDED JUNE 30, 1972 AND 1971
JUNE 30, 1972 | 1971 | INCREASE (DECREASE) | |
INCOME | |||
Annual Licenses Fees | $ 31,000 | $ 30,845 | $ 155 |
Licenses to Agents | 3,840 | 3,573 | 267 |
Applications and Certificates | - | 557 | (557) |
Interest Received | 1,609 | 1,939 | (330) |
Penalties | 40 | - | 40 |
Certificate of Authority | 1,000 | 500 | 500 |
Miscellaneous Income | 1,185 | - | 1,185 |
Total Income | $ 38.674 | $ 37.414 | $ 1,260 |
EXPENSES | |||
Salaries - S. R. Sims | 9,000 | 9,000 | - |
- Ann Cotton | 4,800 | 4,800 | - |
- C. E. Moore | 7,500 | 7,500 | |
Board Members Expense | 1,940 | 2,437 | (497) |
Travel - Gas & Oil | 1,203 | 1,292 | (89) |
Travel - S. R. Sims | 241 | 215 | 26 |
Travel - C. E. Moore | 1,275 | 1,503 | (228) |
Automobile Expense | 203 | 338 | (135) |
Automobile Licenses, Taxes & Titles | 41 | 38 | 3 |
Attorney Fees | 300 | 1,200 | (900) |
Audit Fees - Board Books | 195 | 165 | 30 |
Telephone | 286 | 305 | ( 19) |
Rent - Office | 1,980 | 1,980 | - |
Rent - Parking | 156 | 144 | 12 |
Printing and Office Supplies | 442 | 924 | (482) |
Materials & Supplies | 732 | - | 732 |
Insurance & Bonds | 577 | 563 | 14 |
Contract Work - Checking Death | |||
Certificates at State Board of Health | 800 | 1,200 | (400) |
Office Equipment Repairs | 87 | 112 | ( 25) |
Postage | 414 | 334 | 80 |
Miscellaneous | 75 | - | 75 |
Bank Service Charges | 4 | 4 | - |
Payroll Taxes | 967 | 1,007 | ( 40) |
Loss on Disposal of Automobile | 1,739 | - | 1,739 |
State Retirement | 1.491 | - | 1,491 |
Total Expense | $ 36,448 | $ 35,061 | $ 1,387 |
Excess of Income over Expense | $ 2.226 | $ 2.353 | $ (127) |
ARKANSAS BURIAL ASSOCIATION BOARD
CHANGES IN FIXED ASSETS
FOR THE YEAR ENDED, JUNE 30, 1972
AUTOMOBILES | BALANCE 6-30-71 | ADDITIONS | RETIREMENTS | BALANCE 6-30-72 |
1-1972 American Ambassador | $ - | $ 2,957.13 | $ - | $ 2,957.13 |
1-1970 Biscayne Chevrolet | 2,956.84 | 2,956.84 | ||
1-1970 Impala Chevrolet | 3,143.34 | 3,143.34 | ||
$ 6,100.18 | $ 2,957.13 | $ 2,956.84 | $ 6,100.47 | |
OFFICE FURNITURE & EQUIPMENT | ||||
3-Green Upholstered Chairs | 209.61 | 209.61 | ||
1-Costumer | 20.91 | 20.91 | ||
4-Legal Size File Cabinets | 462.68 | 462.68 | ||
1-Gray Storage Cabiner | 70.89 | 70.89 | ||
5-Drawer Victor Visable File | 60.13 | 60.13 | ||
1-Green Typewriter Desk | 197.88 | 197.88 | ||
1-Walnut Desk | 255.00 | 255.00 | ||
1-Revolving Arm Chair | 101.75 | 101.75 | ||
2-Side Arm Chairs | 164.73 | 164.73 | ||
2-Green Storage Cabinets | 148.01 | 148.01 | ||
8-Walnut Side Chairs | 301.11 | 301.11 | ||
1-Glass Desk Top | 16.83 | 16.83 | ||
1-Conference Table | 429.01 | 429.01 | ||
1-Coat Rack | 47.43 | 47.43 | ||
1-Adding Machine Carrying Case | 22.95 | 22.95 | ||
1-Walnut Typewriter Stand | 21.32 | 21.32 | ||
1-Check Protector | 113.40 | 113.40 | ||
1-Walnut Table | 204.00 | 204.00 | ||
10-Chair Cushions | 76.50 | 76.50 | ||
1-Pair Book Ends | 17.50 | 17.50 | ||
1-Legal File | 70.00 | 70.00 | ||
2-Visable Books | 37,50 | 37.50 | ||
1-Portable Folding Table | 15.30 | 15.30 | ||
1-Victor Electric Adding Machine | 233.98 | 233.98 | ||
1-Upholstered Chair | 46.80 | 46.80 | ||
2-Legal File Cabinets | 226.70 | 226.70 | ||
1-IBM Electric Typewriter | 458.35 | 458.35 | ||
1-Victor Adding Machine | 241.95 | 241.95 | ||
1-Machine Steel Desk | 229.74 | 229.74 | ||
1-Argus Projector | 85.39 | 85.39 | ||
1-Puritron | 51.45 | 51.45 | ||
1-Victor Adding Machine | 119.03 | 119.03 | ||
1-Actimeter for Verifax Machine | 89.10 | 89.10 | ||
1-Secretary's Chair | 94.71 | 94.71 | ||
1-Victor Adding Machine | 221.55 | 221.55 | ||
1-AB Dick Meraeograph Machine & Stand | 546.55 | 546.55 | ||
$ 5,709.74 | - | - | $ 5,709.74 | |
Total | $11,809.92 | $ 2.957.13 | $ 2,956.84 | $11,810.21 |
ARKANSAS BURIAL ASSOCIATION BOARD
INSURANCE IN FORCE
JUNE 30, 1972
INSURANCE COMPANY | COVERAGE | AMOUNT | TERM | PREMIUM PAID |
Home Insurance Company | Furniture & Office Equipment | 7,500.00 | 3 yrs. | 39.00 |
State Farm Mutual | Automobiles policy Bodily Injury | 100/30,000.00 | 1 yr. | 480.80 |
Property Damage | 25,000.00 | |||
Medical Payments | 2,000.00 | |||
Comprehensive | A/C/V | |||
Collision | 100.00 Ded. | |||
Home Insurance Company | Schedule Property: | 387.67 | 3 yrs. | 25.00 |
Victor Adding Machine | ||||
Victor Adding Machine | ||||
Maryland Casualty | Fidelity Bond | |||
S. Richard Sims | 10,000.00 | 1 yr. | 56.00 |
ARKANSAS BURIAL ASSOCIATION BOARD
BALANCE SHEET
DECEMBER 31, 1969 AND 1968
December 31, | Increase (Decrease) | ||
ASSETS | 1969 | 1968 | |
CURRENT ASSETS | |||
Cash in bank - checking account | $ 538 | $ 280 | $ 258 |
INVESTMENTS | |||
Commonwealth Federal Savings & Loan | 10,000 | 10,000 | . |
Pulaski Federal Savings & Loan | 5,000 | 5,000 | - |
First Federal Savings & Loan | 10,000 | 10,000 | - |
Union National Bank - savings account | 7,512 | 6,009 | 1,503 |
TOTAL INVESTMENTS | 32,512 | 31,009 | 1,503 |
FIXED ASSETS | |||
Automobiles | 5,145 | 6,090 | (945) |
Office furniture and equipment | 5,710 | 5,918 | (208) |
TOTAL FIXED ASSETS | 10,855 | 12,008 | (1,153) |
TOTAL ASSETS | $ 43,905 | $43,297 | $ 608 |
LIABILITIES AND SURPLUS | |||
LIABILITIES | |||
Employees Federal and State income tax payable | - | 317 | (317) |
Deferred credit - agents and licenses fees | 45 | 250 | (205) |
TOTAL LIABILITIES | 45 | 567 | (522) |
SURPLUS | |||
Balance, beginning of year | 42,730 | 41,753 | 977 |
Add: Excess of income over expense - schedule attached | 1,130 | 977 | 153 |
BALANCE, END OF YEAR | 43,860 | 42,730. | 1,130 |
TOTAL LIABILITIES AND SURPLUS | $ 43,905 | $ 43,297 | $ 608 |
ARKANSAS BURIAL ASSOCIATION BOARD
STATEMENT OF INCOME AND EXPENSE
FOR THE YEARS ENDED DECEMBER 31. 1969 AND 1968
December 31, | Increase | ||
1969 | 1968 | (Decrease) | |
INCOME | |||
Annual licenses fees | $ 31,200 | $ 31,000 | $ 200 |
Licenses to agents | 3,363 | 3,215 | 148 |
Applications and certificates | 422 | 647 | (225) |
Interest received | 2,466 | 1,537 | . 929 |
Penalties | 25 | 25 | - |
Certificate of authority | 500 | - | 500 |
TOTAL INCOME | 37,976 | 36,424 | 1.552 |
EXPENSE | |||
Salaries - S. R. Sims | 9,000 | 9,000 | - |
- Diana Huddleston | 1,186 | - | 1,186 |
- Scottie Wildon | 3,542 | 5,000 | (1,458) |
- C. E. Moore | 7,500 | 6,500 | 1,000 |
Board members expense | 2,782 | 3,260 | (478) |
Travel - gas and oiL. | 985 | 1,098 | (113) |
Travel - S. R. Sims | 119 | 492 | (373) |
- C. E. Moore | 1,582 | 1,472 | 110 |
Automobile expense | 99 | 113 | (14) |
Automobile licenses, taxes and titles | 38 | 33 | 5 |
Attorney fees | 1,200 | 1,200 | - |
Audit fees, board books | 165 | 165 | - |
Telephone | 294 | 294 | - |
Rent - office | 1,980 | 1,980 | - |
Rent - parking | 132 | 120 | 12 |
Printing and office supplies | 795 | 731 | 64. |
Dues and subscriptions | 40 | 32 | 8 |
Insurance and bonds | 483 | 650 | (167) |
Contract work - checking death certificates at State Board of Health | 800 | 800 | - |
Office equipment repairs | 156 | 120 | 36 |
Postage | 303 | 326 | (23) |
Bank service charges | - 9 | 14 | (5) |
Payroll taxes | 1,307 | 503 | 804 |
Loss on disposal of automobile | 2,140 | 1,544 | 596 |
Loss on disposal of office equipment | 209 | - | 209 |
TOTAL EXPENSE | 36,846 | 35,447 | 1,399 |
EXCESS OF INCOME OVER EXPENSE | $ 1.130 | $ 977 | $ 153 |
ARKANSAS BURIAL ASSOCIATION BOARD
CHANGES IN FIXED ASSETS
DECEMBER 31, 1969
Balance 12/31/68 | Additions | Retirement | Balance 12/31/69 | |
AUTOMOBILES | ||||
2 1969 Plymouth Fury II | $ 5,145.88 | $ 5,145.88 | ||
1 1968 Biscayne Chevrolet | $ 3,040.18 | $ 3,040.18 | ||
1 1968 Impala Chevrolet | 3,049.32 | 3,049.32 | ||
$ 6,089.50 | 5,145.88 | 6,089.50 | 5,145.88 | |
OFFICE FURNITURE AND EQUIPMENT | ||||
3 Green upholstered chairs | $ 209.61 | $ 209.61 | ||
1 Costurner | 20.91 | 20.91 | ||
4 Legal size file cabinets | 462.68 | 462.68 | ||
1 Gray storage cabinet | 70.89 | 70.89 | ||
5 Drawer victor visable file | 60.13 | 60.13 | ||
1 Green Typewriter desk | 197.88 | 197.88 | ||
1 Walnut desk | 255.00 | 255.00 | ||
1 Revolving arm chair | 101.75 | 101.75 | ||
2 Side arm chairs | 164.73 | 164.73 | ||
2 Green storage cabinets | 148.01 | 148.01 | ||
8 Walnut side chairs ' | 301.11 | 301.11 | ||
1 Glass desk top | 16.83 | 16.83 | ||
1 Conference table ■ | 429.01 | 429.01 | ||
1 Coat rack | 47.43 | 47.43 | ||
1 Adding machine carrying case | 22.95 | 22.95 | ||
1 Walnut typewriter stand | 21.32 | 21.32 | ||
1 Check protector | 113.40 | 113.40 | ||
1 Walnut table | 204.00 | 204.00 | ||
10 Chair cushions | 76.50 | 76.50 | ||
1 Pair book ends | 17.50 | 17.50 | ||
1 Legal file | 70.00 | 70.00 | ||
2 Visable books | 37.50 | 37.50 | ||
1 Portable folding table | 15.30 | 15.30 | ||
1 Victor electric adding machine | 233.98 | 233.98 | ||
1 Upholstered chair | 46.80 | 46.80 | ||
2 Legal file cabinets | 226.70 | 226.70 | ||
1 I.B.M. electric typewriter | 458.35 | 458.35 | ||
1 Victor adding machine | 241.95 | 241.95 | ||
1 Machine steel desk | 229.74 | . 229.74 | ||
1 Argus projector | 85.39 | 85.39 | ||
1 Puritron | 51.45. | 51.45 | ||
1 Victor adding machine | 119.03 | 119.03 | ||
1 Verifax copying machine | 208.73 | 208.73 | ||
1 Actiraeter for Verifax machine | 89.10 | ' 89.10 | ||
1 Secretary's chair | 94.71 | 94.71 | ||
1 Victor adding machine | 221.55 | 221.55 | ||
1 A. B. Dick mimeograph & stand | 546.55 | 546.55 | ||
5,918.47. | - | 208.73 | 5,709.74 | |
TOTAL | $ 12,007.97 | $ 5,145.88 | $ 6,298.23 | $ 10,855.62 |
ARKANSAS BURIAL ASSOCIATION BOARD
INSURANCE IN FORCE
DECEMBER 31, 1969
Insurance Company | Coverage | Amount | Term | Premium Paid |
Home Insurance Company | Furniture and office equipment | $ 7,500.00 | 2 years | $ 50.00 ' |
State Farm Mutual | Automobiles policy | 1 year | $ 427.00 | |
Bodily injury | 100/300,000.00 | |||
Property damage | $ 25,000.00 | |||
. Medical payments | $ 2,000.00 | |||
Comprehensive | A/C/V | |||
Collision | $ 250.00 Deductible | |||
Home Insurance Company | Schedule property Victor adding machine Electric adding machine | $ 1,512.92 | 3 years | $ 40.85 |
Maryland Casualty | Fidelity Bond S. Richard Sims | 1 year | $ 56.00 |
024.00.72 Ark. Code R. 001