p. 17 | Financial Standing of the Fireside Correspondence School

Review and Herald Publishing Association · Takoma Park, Washington, D. C. · Aug 21, 1913

Financial Standing of the Fireside Correspondence School

By C. C. Lewis

The following statement needs no explanation, and should cause all to rejoice that one more institution is paying its way.

Cash Statement of the Fireside Correspondence School Covering Entire Time

July, 1909, to June 30, 1913

RECEIPTS
June 30, 1910	. . . . . . . . . .	$1860.10
June 30, 1911	. . . . . . . . . .	2149.29
June 30, 1912	. . . . . . . . . .	1668.27
June 30, 1913	. . . . . . . . . .	1896.80
		$7574.46
Inventory, July 1, 1913	. . . . .	$2709.97
		$10284.43
EXPENDITURES:	SALARY, GENERAL SUP-	PLIES, TEACHERS, ETC.
June 30, 1910	. . . . . . . . . .	$2124.76
June 30, 1911	. . . . . . . . . .	2688.79
June 30, 1912	. . . . . . . . . .	1852.86
June 30, 1913	. . . . . . . . . .	2141.18
Unexpired tuition July 1, 1913		234.22
		$9041.81

Present worth July 1, 1913....$1242.62

This is to certify that I have checked the accounts of the Fireside Correspondence School, and I find the attached statement to agree with the books in detail. When credit is given for the inventory July 1, 1913 ($2,709.97), and charge made for the unexpired tuition ($234.22), the statement and the account in the General Conference books are in balance. R. T. DOWSETT, Auditor.

The undersigned would extend congratulations to his predecessor, Prof. W. E. Howell, under whose able and efficient management so good a result has been obtained, and would take this occasion to commend also the lessons that have been prepared, the system of keeping records and accounts, and the general foundation that has been laid. If, by the blessing of God, he shall be able to continue the structure begun upon this foundation, and maintain the high character already formed, he will feel that he has indeed done well.

All profits of the Correspondence School, above a working capital, are turned over to the missionary fund of the General Conference.

C. C. LEWIS.