Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1919-05-20
NAME STRIETER
PRESIDENT OF Y
Board of Directors of Yoang Mems
Christian Association Meets
and Elects 0fficers.

The regular monthly meeting of
the board of directors of the Young
Mems Christian association was
held at the association building
last evening, with a goodly repre-
sentation of the board present. AS
this was the first meeting since
the annual meeting of the associa-
ton, the board of directors was
reorganized and the following Of
fcers for the ensuing year were
elected: President: NJ. Z: STRIFE
ter; vice president, T. B. Davis;
treasurer, H. J. Olmsted; secretary,
c. j. Montgomery. Two positions
on the board OF trustees were also
filled by reelecting Fl. S. Cable and
W. H. Dart, trustees for a period
of three years.
AT the April meeting of the
board, the president of the associa-
ton was instructed to secure the
services of Fred n. Setterdahl,
public accountant. to audit the
books of the association for the
past fiscal year which closed April
80, 1919.
MIR. Setterdahl's report was read
before the board last evening, and
accepted by them. In an open let
ter to the board of directors. Mr..
Setterdahl says: I'm accordance
with instructions from your presi-
dent, M. E. Strieter, l have made a
cash audit of your association &C
counts for the u months, ending
April so. 1919. We have carefully
verified the receipts and payments
from duplicate sales slips, can
celled checks, etc. The accounts
have been well kept and have no
ted improvements made in the
handling of some of the details.
while your notes payable have
increased $4,000 during the year.
your net deficit only increased
S6.7s014. While the financial af-
fairs of the association have not
improved, the net loss compares
favorably with previous years. In
my opinion. the schedules as sub
mitted. represent the financial
condition of the association and the
operations for the year"
Years Loss $6.417.S5.
The schedules show that the to-
tai income of the association dur
ing past IL months amounted to
S59,65693, while the total expenses
amounted to $6S,074.7S, making a
loss for the 12 months, of Se,417.S5.
The schedule on the capital out
lay for the year shows an outlay
of s20,742.8S distributed as fol-
lows: Completing the association
building. fourth floor, s1e,126; fur
niture and fixtures, fourth floor.
S2,865.77; improvements in the
basement, $1,751.51. The amount
received from the patriots fund for
building operations and improve
ments in the association building
this past year amounted to S13,-
1871.
In order that the board of di-
rectors might meet its payments
of $20,742.SS on the building they
were compelled to borrow $4,000,
81 900 of which has just been re-
turned, leaving notes payable IN
the association at the present time,
of $2S,900.
Plan Financial Campaign.
The board of directors feel that
the time has now come when the
debt which has been hanging over
the association and seriously hin
dering it's work these past years,
should be wiped out. At the April
meeting of the board, committee
consisting of T. B. Davis, NJ. E.
Strieter and o. J. Stirratt was ap-
pointed to begin a study as to the
best method. time and ways of
wiping out this Indebtedness. The
committee held several meetings
during the month and recommend
ed to the board of directors at the
meeting last evening that a finance
campaign to wipe out this indebt-
edness be held this fall, immedi-
ately following the Billy Sunday
revival. The committee recon- /
that the amount to be :
raised will be sufficient to cover the !