New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-21
SALVATION ARMY FUNDS
REPORTING HOW SPENT.
annual accounting Made an Real,
Complete, Commercial Ways.

In the annual financial report OF the Salvation
Army now ready the balance sheet shows that the
assets last year amounted to S3604250 S. These in
GUIDED Cash on deposit, SS169 81; freehold and
leasehod properties S2a757sS 81 investment in the
Reliance Trading Company ard Salvation Indus
trial Homes Company, including the totel issue OF
the common stock Of both companies. Si02,+n &C;
accounts receivable $3.25S So: colonization loans.
S5s5s4l8 and furnishings and fiXings in national
headquarters. training homes and the Metropole
Shelter outfit, sSS,206 &C.
The other side of the balance sheet shows that
the Salvation Army liabilities are follows:
Loans and mortgages, $50i. 81 IS; loans for fixed
periods $500: provincial loans, 81 &C; special
funds disabled officers funeral funds etc $40 754 So
corps deposits for building purposes legacies and
annuities. $67S2 23 Additions the army fund for
the year ended September 80. 1905 81 $3.50 9S
and additions the balances transferred from the
income and expenditure accounts s56.7S2 81.
1t often has been charged that the Salvation
Army makes accounting of the moneys received
and expended by it. Annual reports however. have
been regularly issued from the national headquar-
tiers in 14th street The report just issued is dated
February Il, 1907 and is from a responsible audit
ing company of this city. It every detail
OF the business Of the organization UP to Septem-
Der So 1906
In its report TO the army the auditing company
certi1es that all records submitted IL have been
proved, all expenditures properly supported by
valid vouchers from responsible persons The books
OF the army examined and found correct, and
no reserve liabilities. etc, were found excepting
such as appear on the balance sheets, all entries to
the closing periods having been included in the
accounts.
In concluding its comments the accounts Of
the Salvation Army corporation the auditing com
pany says; we also found that the administra-
ton and appropriation Of all funds received into
the treasures OF the institutions conscientious
ly and carefully conducted and in fun accord with
the intention OF the same"
The income received at tho national headquarters
during the last fiscal year amounted 10 Sl22S5 o..
OF this sum 50 066 SO was raised by special appeals
subscriptions and gifts. while the appropriations
from the sef-deniaI fund and harvest festival
amounted 10 So, 2i2 A. Some Of the items of
penditure in that period for national training
homes S9.S15 s.; homes OF rest and sick and wound
cd $3O99 50: salaries of stan and employees STAT 80;
field officers travelling expenses SIP 30.
In the shelter and relief department. for which
$3.50 021 90 reserved S9 1876 co was given 20 poor
mems shelters and Sl2835 IS to children's homes.
The given to general relief. $3.50 ST.
spent for cheap coal ice fresh air camp. special
assistance the poor and Christmas dinners. The
sum received for this work from special appeals.
street, collections and gifts for Christmas work
amounted 10 only a small part Of the total re-
quired. $500 80.
The balance sheet Of the colonization DEPART
ment shows that the army holds property valued at
SloI,zlS 90. the entire sum invested IN that de
partment amounting $l5.4l4 IS The assets OF The
the surplus account OF this subsidiary company
amounting 10 SSss4 Is The profits accruing 10
the Reliance Trading Company OF the army last
year amounted to 1888 IS