Arkansas Administrative Code
Agency 024 - Burial Association Board
Rule 024.00.72-001 - Financial Statements
Current through Register Vol. 49, No. 2, February 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) |
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 |
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 |
