Arkansas Administrative Code › Agency 024 - Burial Association Board › Rule 024.00.72-001 - Financial Statements

Current through Register Vol. 49, No. 6, June, 2024
Exhibit A
ARKANSAS BURIAL ASSOCIATION BOARD
STATEMENT OF ASSETS, LIABILITIES AND NET EQUITY
JUNE 30, 1972 AND 1971
ASSETS
JUNE 30, 1972
1971
INCREASE (DECREASE)
CURRENT ASSETS
Cash in Bank - Checking Account
$ 20,992
$ 19-110
$ 1,882
INVESTMENTS
Commonwealth Federal Savings & Loan
10,000
10,000
-
Bank of Prescott
5,000
5,000
-
First Federal Savings & Loan
10,000
10,000
-
Union National Bank - Savings Account
7,833
7,490
343
Total Investments
32,833
32.490
343
FIXED ASSETS
Automobiles
. 6,101
6,100
1
Office Furniture and Equipment
5.710
5,710
-
Total Fixed Assets
11,811
11.810
-
TOTAL ASSETS
$ 65,636
$ 63,410
$ 2,226
Liabilities and Net Equity
LIABILITIES
NET EQUITY
Balance, beginning of year
63,410
61,057
2,353
Add: Excess of Income over Expense Schedule Attached
2,226
2,353
(127)
Balance, end of year
65,636
63,410
2,226
Total Liabilities and Net Equity
$ 65.636
$ 63.410
$ 2,226
Exhibit B
ARKANSAS BURIAL ASSOCIATION BOARD
STATEMENT OF INCOME AND EXPENSE
FOR THE YEAR ENDED JUNE 30, 1972 AND 1971
JUNE 30, 1972
1971
INCREASE (DECREASE)
INCOME
Annual Licenses Fees
$ 31,000
$ 30,845
$ 155
Licenses to Agents
3,840
3,573
267
Applications and Certificates
-
557
(557)
Interest Received
1,609
1,939
(330)
Penalties
40
-
40
Certificate of Authority
1,000
500
500
Miscellaneous Income
1,185
-
1,185
Total Income
$ 38.674
$ 37.414
$ 1,260
EXPENSES
Salaries - S. R. Sims
9,000
9,000
-
- Ann Cotton
4,800
4,800
-
- C. E. Moore
7,500
7,500
Board Members Expense
1,940
2,437
(497)
Travel - Gas & Oil
1,203
1,292
(89)
Travel - S. R. Sims
241
215
26
Travel - C. E. Moore
1,275
1,503
(228)
Automobile Expense
203
338
(135)
Automobile Licenses, Taxes & Titles
41
38
3
Attorney Fees
300
1,200
(900)
Audit Fees - Board Books
195
165
30
Telephone
286
305
( 19)
Rent - Office
1,980
1,980
-
Rent - Parking
156
144
12
Printing and Office Supplies
442
924
(482)
Materials & Supplies
732
-
732
Insurance & Bonds
577
563
14
Contract Work - Checking Death
Certificates at State Board of Health
800
1,200
(400)
Office Equipment Repairs
87
112
( 25)
Postage
414
334
80
Miscellaneous
75
-
75
Bank Service Charges
4
4
-
Payroll Taxes
967
1,007
( 40)
Loss on Disposal of Automobile
1,739
-
1,739
State Retirement
1.491
-
1,491
Total Expense
$ 36,448
$ 35,061
$ 1,387
Excess of Income over Expense
$ 2.226
$ 2.353
$ (127)
Schedule 1
ARKANSAS BURIAL ASSOCIATION BOARD
CHANGES IN FIXED ASSETS
FOR THE YEAR ENDED, JUNE 30, 1972
AUTOMOBILES
BALANCE 6-30-71
ADDITIONS
RETIREMENTS
BALANCE 6-30-72
1-1972 American Ambassador
$ -
$ 2,957.13
$ -
$ 2,957.13
1-1970 Biscayne Chevrolet
2,956.84
2,956.84
1-1970 Impala Chevrolet
3,143.34
3,143.34
$ 6,100.18
$ 2,957.13
$ 2,956.84
$ 6,100.47
OFFICE FURNITURE & EQUIPMENT
3-Green Upholstered Chairs
209.61
209.61
1-Costumer
20.91
20.91
4-Legal Size File Cabinets
462.68
462.68
1-Gray Storage Cabiner
70.89
70.89
5-Drawer Victor Visable File
60.13
60.13
1-Green Typewriter Desk
197.88
197.88
1-Walnut Desk
255.00
255.00
1-Revolving Arm Chair
101.75
101.75
2-Side Arm Chairs
164.73
164.73
2-Green Storage Cabinets
148.01
148.01
8-Walnut Side Chairs
301.11
301.11
1-Glass Desk Top
16.83
16.83
1-Conference Table
429.01
429.01
1-Coat Rack
47.43
47.43
1-Adding Machine Carrying Case
22.95
22.95
1-Walnut Typewriter Stand
21.32
21.32
1-Check Protector
113.40
113.40
1-Walnut Table
204.00
204.00
10-Chair Cushions
76.50
76.50
1-Pair Book Ends
17.50
17.50
1-Legal File
70.00
70.00
2-Visable Books
37,50
37.50
1-Portable Folding Table
15.30
15.30
1-Victor Electric Adding Machine
233.98
233.98
1-Upholstered Chair
46.80
46.80
2-Legal File Cabinets
226.70
226.70
1-IBM Electric Typewriter
458.35
458.35
1-Victor Adding Machine
241.95
241.95
1-Machine Steel Desk
229.74
229.74
1-Argus Projector
85.39
85.39
1-Puritron
51.45
51.45
1-Victor Adding Machine
119.03
119.03
1-Actimeter for Verifax Machine
89.10
89.10
1-Secretary's Chair
94.71
94.71
1-Victor Adding Machine
221.55
221.55
1-AB Dick Meraeograph Machine & Stand
546.55
546.55
$ 5,709.74
-
-
$ 5,709.74
Total
$11,809.92
$ 2.957.13
$ 2,956.84
$11,810.21
Schedule 2
ARKANSAS BURIAL ASSOCIATION BOARD
INSURANCE IN FORCE
JUNE 30, 1972
INSURANCE COMPANY
COVERAGE
AMOUNT
TERM
PREMIUM PAID
Home Insurance Company
Furniture & Office Equipment
7,500.00
3 yrs.
39.00
State Farm Mutual
Automobiles policy Bodily Injury
100/30,000.00
1 yr.
480.80
Property Damage
25,000.00
Medical Payments
2,000.00
Comprehensive
A/C/V
Collision
100.00 Ded.
Home Insurance Company
Schedule Property:
387.67
3 yrs.
25.00
Victor Adding Machine
Victor Adding Machine
Maryland Casualty
Fidelity Bond
S. Richard Sims
10,000.00
1 yr.
56.00
ARKANSAS BURIAL ASSOCIATION BOARD
BALANCE SHEET
DECEMBER 31, 1969 AND 1968
December 31,
Increase (Decrease)
ASSETS
1969
1968
CURRENT ASSETS
Cash in bank - checking account
$ 538
$ 280
$ 258
INVESTMENTS
Commonwealth Federal Savings & Loan
10,000
10,000
.
Pulaski Federal Savings & Loan
5,000
5,000
-
First Federal Savings & Loan
10,000
10,000
-
Union National Bank - savings account
7,512
6,009
1,503
TOTAL INVESTMENTS
32,512
31,009
1,503
FIXED ASSETS
Automobiles
5,145
6,090
(945)
Office furniture and equipment
5,710
5,918
(208)
TOTAL FIXED ASSETS
10,855
12,008
(1,153)
TOTAL ASSETS
$ 43,905
$43,297
$ 608
LIABILITIES AND SURPLUS
LIABILITIES
Employees Federal and State income tax payable
-
317
(317)
Deferred credit - agents and licenses fees
45
250
(205)
TOTAL LIABILITIES
45
567
(522)
SURPLUS
Balance, beginning of year
42,730
41,753
977
Add: Excess of income over expense - schedule attached
1,130
977
153
BALANCE, END OF YEAR
43,860
42,730.
1,130
TOTAL LIABILITIES AND SURPLUS
$ 43,905
$ 43,297
$ 608
ARKANSAS BURIAL ASSOCIATION BOARD
STATEMENT OF INCOME AND EXPENSE
FOR THE YEARS ENDED DECEMBER 31. 1969 AND 1968
December 31,
Increase
1969
1968
(Decrease)
INCOME
Annual licenses fees
$ 31,200
$ 31,000
$ 200
Licenses to agents
3,363
3,215
148
Applications and certificates
422
647
(225)
Interest received
2,466
1,537
. 929
Penalties
25
25
-
Certificate of authority
500
-
500
TOTAL INCOME
37,976
36,424
1.552
EXPENSE
Salaries - S. R. Sims
9,000
9,000
-
- Diana Huddleston
1,186
-
1,186
- Scottie Wildon
3,542
5,000
(1,458)
- C. E. Moore
7,500
6,500
1,000
Board members expense
2,782
3,260
(478)
Travel - gas and oiL.
985
1,098
(113)
Travel - S. R. Sims
119
492
(373)
- C. E. Moore
1,582
1,472
110
Automobile expense
99
113
(14)
Automobile licenses, taxes and titles
38
33
5
Attorney fees
1,200
1,200
-
Audit fees, board books
165
165
-
Telephone
294
294
-
Rent - office
1,980
1,980
-
Rent - parking
132
120
12
Printing and office supplies
795
731
64.
Dues and subscriptions
40
32
8
Insurance and bonds
483
650
(167)
Contract work - checking death certificates at State Board of Health
800
800
-
Office equipment repairs
156
120
36
Postage
303
326
(23)
Bank service charges
- 9
14
(5)
Payroll taxes
1,307
503
804
Loss on disposal of automobile
2,140
1,544
596
Loss on disposal of office equipment
209
-
209
TOTAL EXPENSE
36,846
35,447
1,399
EXCESS OF INCOME OVER EXPENSE
$ 1.130
$ 977
$ 153
ARKANSAS BURIAL ASSOCIATION BOARD
CHANGES IN FIXED ASSETS
DECEMBER 31, 1969
Balance 12/31/68
Additions
Retirement
Balance 12/31/69
AUTOMOBILES
2 1969 Plymouth Fury II
$ 5,145.88
$ 5,145.88
1 1968 Biscayne Chevrolet
$ 3,040.18
$ 3,040.18
1 1968 Impala Chevrolet
3,049.32
3,049.32
$ 6,089.50
5,145.88
6,089.50
5,145.88
OFFICE FURNITURE AND EQUIPMENT
3 Green upholstered chairs
$ 209.61
$ 209.61
1 Costurner
20.91
20.91
4 Legal size file cabinets
462.68
462.68
1 Gray storage cabinet
70.89
70.89
5 Drawer victor visable file
60.13
60.13
1 Green Typewriter desk
197.88
197.88
1 Walnut desk
255.00
255.00
1 Revolving arm chair
101.75
101.75
2 Side arm chairs
164.73
164.73
2 Green storage cabinets
148.01
148.01
8 Walnut side chairs '
301.11
301.11
1 Glass desk top
16.83
16.83
1 Conference table &#9632;
429.01
429.01
1 Coat rack
47.43
47.43
1 Adding machine carrying case
22.95
22.95
1 Walnut typewriter stand
21.32
21.32
1 Check protector
113.40
113.40
1 Walnut table
204.00
204.00
10 Chair cushions
76.50
76.50
1 Pair book ends
17.50
17.50
1 Legal file
70.00
70.00
2 Visable books
37.50
37.50
1 Portable folding table
15.30
15.30
1 Victor electric adding machine
233.98
233.98
1 Upholstered chair
46.80
46.80
2 Legal file cabinets
226.70
226.70
1 I.B.M. electric typewriter
458.35
458.35
1 Victor adding machine
241.95
241.95
1 Machine steel desk
229.74
. 229.74
1 Argus projector
85.39
85.39
1 Puritron
51.45.
51.45
1 Victor adding machine
119.03
119.03
1 Verifax copying machine
208.73
208.73
1 Actiraeter for Verifax machine
89.10
' 89.10
1 Secretary's chair
94.71
94.71
1 Victor adding machine
221.55
221.55
1 A. B. Dick mimeograph & stand
546.55
546.55
5,918.47.
-
208.73
5,709.74
TOTAL
$ 12,007.97
$ 5,145.88
$ 6,298.23
$ 10,855.62
ARKANSAS BURIAL ASSOCIATION BOARD
INSURANCE IN FORCE
DECEMBER 31, 1969
Insurance Company
Coverage
Amount
Term
Premium Paid
Home Insurance Company
Furniture and office equipment
$ 7,500.00
2 years
$ 50.00 '
State Farm Mutual
Automobiles policy
1 year
$ 427.00
Bodily injury
100/300,000.00
Property damage
$ 25,000.00
. Medical payments
$ 2,000.00
Comprehensive
A/C/V
Collision
$ 250.00 Deductible
Home Insurance Company
Schedule property
Victor adding machine
Electric adding machine
$ 1,512.92
3 years
$ 40.85
Maryland Casualty
Fidelity Bond
S. Richard Sims
1 year
$ 56.00