TREASURER'S REPORT TO THE NATIONAL EDUCATIONAL ASSOCIATION JULY 1, 1903, TO JUNE 30, 1904 FOR THE MEETING AT BOSTON, MASS., 1903, AND FOR THE ENSUING YEAR McHenry Rhoads, Treasurer, in acct. with the National Educational Association SUMMARY OF DISBURSEMENTS Total amount transferred for investment (as per vouchers Nos. 92, 124, 154, 222).. Total expenses as per vouchers Nos. 1 to 228, inclusive (except Nos. 92, 124, 154, 222)........ $39,000.00 Total amount paid out.. GENERAL SUMMARY 38,956.46 $77,956.46 The undersigned, trustees of the National Educational Association, have this day examined and approved the accounts of Mr. McHenry Rhoads, Treasurer, with all statements of receipts and vouchers for disbursements. (Signed) Executive Committee, National Educational Association of the United States: ALBERT G. LANE, Chairman. NICHOLAS MURRAY BUTLER. CHICAGO, July 13, 1904. GENTLEMEN: In accordance with instructions received from Mr. A. G. Lane, chairman of the Board of Trustees, we have examined the books and accounts of the National Educational Association of the United States, as kept by the Secretary, Irwin Shepard, the Treasurer, McHenry Rhoads, and the chairman of the Board of Trustees, A. G.Lane, for the year ending June 30, 1904. We have verified the Treasurer's report, and the report of the Board of Trustees, submitted at the meeting of the Association at St. Louis, Mo., and we certify both reports to be in accordance with the books. We noticed an error in one of the vouchers for the Treasurer's Cash Disbursements as follows: Voucher No. 179, Irwin Shepard, Secretary, $104.95. Various items in this voucher amount to $114.95, leaving a balance due to Dr. Shepard of $10.00. We are pleased to be able to report that the books are correctly and carefully kept, and are, in our opinion, well suited to the needs of the Association. Yours respectfully, ROBERT NELSON, Certified Public Accountant, Manager. THE INTERNATIONAL AUDIT COMPANY, EIGHTEENTH ANNUAL REPORT OF THE BOARD OF TRUSTEES To the Board of Directors of the National Educational Association: The Board of Trustees presents the following report of the Permanent Fund of the National Educational Association and its income for the year ending June 30, 1904: Permanent Fund, July 1, 1903: Mortages on real estate.. Kansas school and municipal bonds.. Illinois and Indiana school bonds.. Cash on hand for investment.. Total....... Received from McHenry Rhoads, Treasurer, from proceeds of Boston meeting and income from Permanent Fund.. Total.... Permanent Fund, July 1, 1904: Mortgages on real estate.. Kansas school and municipal bonds. Illinois bonds.. Total.. Cash on hand for investment.. Total.. $78,000 II,200 18,000 800 $108,000 $39,000 $147,000 $69,500 10,100 53,500 $133,100 13.900 $147,000 |