024.00.72 Ark. Code R. 001 - Financial Statements

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 ■	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

Notes

024.00.72 Ark. Code R. 001

7/7/1972