The Southwestern Historical Quarterly, Volume 91, July 1987 - April, 1988 Page: 571

Affairs of the Association
Financial Report
EDWARD L. MIxoN
Certified Public Accountant
To the Members
Texas State Historical Association
I have examined the balance sheets of the Texas State Historical As-
sociation as of August 31, 1987 and 1986, and the related statements of
support, revenue, and expenses and changes in fund balances for the
years then ended. My examinations were made in accordance with gen-
erally accepted auditing standards and, accordingly, included such tests
of the accounting records and such other auditing procedures as I con-
sidered necessary in the circumstances.
In my opinion, the financial statements referred to above present
fairly the financial position of the Texas State Historical Association
as of August 31, 1987 and 1986, and the results of its operations for
the years then ended, in conformity with generally accepted account-
ing principles applied on a consistent basis after restatement for the
changes, with which I concur, in the method of accounting for re-
stricted deferred amounts and in the financial statement presentation
of equipment and cumulative costs of the Handbook Project Fund as de-
scribed in Note 7 to the financial statements.
Austin, Texas
December 2, 1987