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Auditor's Report - Cont.

The Sevings Account No. 744 still hes a small balance and according to the

bank maneger, has now been classified as an inactive account.

Ye feel this

account should be closed and the funds transferred to the General Account.

Respectfully submitted
A. G. Fatum

Fatum & Fatum

ACCOUNTS PaYABLE 4S AT DECEMBER 31, 1970

(Not_recorded in Statements)

Presbyterian Church (Pension)
Goy's Sunoco (snow plowing)
Guelph Glass (window repairs)

B.P. Canada (fuel manse & church)

$1,417.28
31.00
10.65

308 .18

STATEMENT OF ASSETS AND LIABILITIES

AS _4T DECEMBER 31, 1970

sSSETS:

Benk - Mission Fund

- Sevings Fund
Buildings - Church at cost
- Manse at cost

Pod

Land
Furnishings - Church 10,924.00

- Manse 372.75

Prepaid Taxes on Manse

LIsBILITIES:

Accounts Payable

Mission Expense $ 170.45

Receiver General - C.P.P. 28.62
- Income Tax 60.50

Benk - General Account
Less Cheques in transit

Mortgages Payable - Church 37,000.00
- Manse 2,279.09

Net Worth December 31, 1969 90,695.39

Net Gain for 1970 13,546.95
Total Net Worth as at Dec.
31/70

$ 2.00

18.43
105,319.00
14,000.00
13,015.00

11,296.75
144.72

259.57

14.90

39 5279 .09

104,242.34

$1,767.11

$143,795.90

$143,795.90

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