The Southwestern Historical Quarterly, Volume 60, July 1956 - April, 1957 Page: 139
616 p. : ill. (some col.), maps, ports. ; 23 cm.View a full description of this periodical.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Affairs of the Association
JIM G. ASHBURNE
Certified Public Accountant
Austin, Texas
To the Executive Council March 26, 1956
Texas State Historical Association
Gentlemen:
I have made an examination of the financial records of the Texas
State Historical Association for the fiscal year beginning March 1,
1955, and ending February 29, 1956, and submit this report, which
includes the comments and exhibits listed in the Table of Contents.
My examination was directed primarily to the verification of the
financial position of the Association as of February 29, 1956, as re-
flected by the financial records. Accordingly, I examined or tested the
accounting records and supporting evidence in the manner and to the
extent that I deemed appropriate in accordance with generally ac-
cepted auditing standards, obtaining supplementary information from
the officers and using all procedures which I considered necessary
under the circumstances.
In my opinion the accompanying statement of financial condition
and the related statements of receipts and disbursements, together
with the comments contained in this report, present fairly the position
of the Texas State Historical Association at February 29, 1956, and
the financial results of its operations for the fiscal year then ended,
in conformity with generally accepted accounting principles for non-
profit organizations applied on a basis consistent with that of the
preceding year.
COMMENTS ON THE STATEMENT OF POSITION
Cash
The receipts and disbursements shown on the books were reconciled
with deposits and checks clearing the banks, and the balances were
reconciled to those reported by the banks for all funds. The compara-
tive cash position is set out in Exhibit 3. Details of receipts and dis-
bursements are summarized in Exhibit 5, with funds separately re-
ported in Exhibits 5 through 8. Cash balances at year end were
$7,330.27 greater than at the first of the year.
Receivables
In view of the circumstances and type of receivables, it is not con-
sidered necessary that they be confirmed by circularization. The
amount due from sale or exchange of books ($1,5o6.56) are believed
to be collectible, and the dues billed and unpaid ($285.oo) represent
long-time members. Approximately $400 of the accounts were col-
lected in the first month of the new year. All but $593 are less than
ninety days old. Exhibit to furnishes an anlysis by source of these
receivables.139
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Periodical.
Texas State Historical Association. The Southwestern Historical Quarterly, Volume 60, July 1956 - April, 1957, periodical, 1957; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth101163/m1/154/: accessed April 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.