The Southwestern Historical Quarterly, Volume 83, July 1979 - April, 1980 Page: 431

Affairs of the Association
Financial Report
WILLIAM A. DUNCAN
Certified Public Accountant
To the Members
Texas State Historical Association
I have examined the records of the Texas State Historical Association
for the year ended August 31, 1979, and have prepared the following
statements:
Exhibit I. Comparative. Statement of Assets and Equities
(prepared on a cash basis)
Exhibit II. Comparative Statement of Cash Receipts and Dis-
bursements-Publication Fund
Exhibit III. Comparative Statement of Cash Receipts and Dis-
bursements-General Fund
Exhibit IV. Comparative Statement of Fund Equities
As further explained in Note 1, the financial statements are prepared
on a cash receipts and disbursements basis. My examination, except for
cash receipts, was made in accordance with generally accepted auditing
standards and accordingly included such tests of the records as I con-
sidered necessary in the circumstances. My examination of cash receipts
was limited to recorded cash receipts deposited in banks.
In my opinion, except for unrecorded assets and liabilities, the ac-
companying statements present fairly the assets and equities of the Texas
State Historical Association on August 31, 1979, and 1978, and the re-
corded cash transactions and changes in fund equities for the years
then ended.
Austin, Texas
January 22, 1980