The Southwestern Historical Quarterly, Volume 60, July 1956 - April, 1957 Page: 141
616 p. : ill. (some col.), maps, ports. ; 23 cm.View a full description of this periodical.
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Affairs of the Association
of the Association therefore, do not reflect the entire cost of operation.
Details of receipts and disbursements from Association monies appear
in Exhibit 4, supported by summaries of separate funds (Exhibits 5
through 8).
General Fund
Dues and subscriptions provided 77 % of the revenue of the General
Fund for the year. Advertising revenue and interest increased slightly.
Revenues from other sources declined, although gross receipts were
71/2 % above those of the preceding year. Publishing cost of the two
periodicals was up only $200oo above last year. Other expenses larger
than last year include travel expense, meeting expenses, and postage.
Gross expenditures were 9% above those of last year. See Exhibit 5
for details.
Publication Fund
Sale of the Handbook and the two titles reprinted this year account
for 82 % of receipts in this fund. Book sales were 175% greater in
dollar volume than last year's sales. The revenue from the two theses
titles represents recovery of 60% of the cost of manufacture. Divi-
dends from General Foods stock were $23.45 greater than last year,
and are reported in the Publication Fund for the first time this year.
Exhibit 6 contains a complete breakdown of receipts and disburse-
ments.
There was no activity in the Special Fund or in the Special Purpose
Fund. The Savings Fund and Jr. Historian Fund increased by the
interest received. The disbursement from the latter reflects the reim-
bursement of the General Fund for Junior Historian prizes for the
current year and last year.
GENERAL COMMENTS
Although the statement of position reflects the realizable value of
securities and receivables in addition to cash balances, operations are
accounted for on the cash basis. This procedure is typical of nonprofit
organizations whose primary responsibility is stewardship of funds, is
consistent with that followed in prior years, and is adequate under
the circumstances.
Internal control is also satisfactory in view of the inherent limita-
tions of organization. Custodial officers are bonded, checks are coun-
tersigned, and records are, in general, adequate.
Agency Funds
From time to time funds are handed over to the Association for a
specific use, such as research. Two funds of this type exist at present:
the Humble Fellowship Fund and a grant for research on Cabeza de
Vaca. Balances of these funds are not included in the Association's141
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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/m1/156/: accessed April 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.