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51.02 23.00* 18.21 106.49 34.40 10.00
*The balances of total sums raised or collected are kept in the departmental treasury.
The above statement shows that the total receipts for the entire period amounted to $7,156.75.
(1) B. Expenditures
55.00 T. S. Linn
200.00 Social work subsidy
77.00 Contribution to national committee..... 100.00
From the above statement you will find that the total expenditures of the year amounted to $5,728.76, totaling from the various items enumerated.
The difference between the total income of $7,156.75 and the total outlay of $5,728.76 is $1,427.99—the balance left over from this year. In addition to this sum, there are advertisements to be collected which have not been turned in, and the exact figure for which cannot be given by the acting manager.
*Including the allotments to secretaries.
(2) Brief summary of the financial campaign and membership dues collected during the entire period. (2) A. Financial Campaign.
Amt. secured Amt, secured
Amt. alloted 1919-1920 1918-1919
From the above figures, it is obvious that this year's financial campaign has been a very successful one and the amount raised surpassed that of any previous years.
REMARKS: Of the various items under the heading of expenditures, the greatest item is that of the journal. According to our budget published in the journal (page 46, 1919 October issue), we figured to spend not more than $2,000.00, but the actual amount spent is $2,856.49. Furthermore, under the heading of income in the budget for the year 1919-1920, the amount collected from the advertisements should at least reach the sum of $500.00; but unfortunately it proved to be a failure. Only $106.49 has been collected and spent, while the rest is to be collected. It is sincerely hoped that the manager for the journal of next year will try to solicit more advertisements in order to meet a part of the expenses of our publication.
RECOMMENDATIONS: From my limited experience during this year, I wish to take this opportunity to make a few suggestions for improvement, so that the incoming-treasurer will not meet the same difficulties again.
**The total sum collected is greater than this, and the balance is kept in the
First, I wish to recommend strongly the suggestion made by Mr. T. N. Lee, Treasurer of 1917-1918, and emphasized by Mr. W. J. Wen, Treasurer of 1918-1919, which reads as follows: “In order to avoid confusion and to simplify the Association accounts, it should be made as a rule by the Central Executive Board that all Association funds must come to the Treasurer before payments are made, and that all bills must be paid by the Treasurer in checks, after their approval by the President."
Second, regarding the policy of collecting membership dues, it is quite satisfactory provided each department does not neglect its duty.
Third, in regard to the fees of advertisements, I wish to suggest that the manager should make a report at the end of each administrative year, showing the total sum of income from the advertisements including the amounts collected and those to be collected, and that of expenditures. This suggestion is made in view of the fact that some advertisements have never been collected in the past and the accounts were not clear.
Respectfully submitted by,
P. LING, (Signed) Treasurer, 1919-1920.