THE AMERICAN FORESTRY ASSOCIATION 



Report of Treasurer for Year Ended December 31, 1908 



Washington, D. C. January 2?, igog 

 The Board of Directors , The American Forestry Association. 



Gentlemen : I have the honor to submit herewith my report as Treasurer of your 

 Association for the year ended December 31, 1908, including two exhibits, to wit: 



STATEMENT OF ASSETS AND LIABILITIES 



As at December 31, 1908 Exhibit "A" 



REVENUE ACCOUNT 



As at December 31, 1908 Exhibit " B" 



I beg leave to call your attention briefly to the following items in the Balance Sheet: 

 Bond Investments — $6,162.80 



The Bonds owned by the Association are carried on the books at the purchase price. 

 Dues Outstanding — $1,206 



Of this amount some dues have been paid since the closing. It is estimated about 

 one-half of the amount outstanding will be collected. 



Advance to Conservation — $4,100 



This represents the amount advanced to the Magazine Department for working 

 capital, and it is well to call attention here to the fact that this asset is subject to 

 reduction, as the total of $4,100 cannot be realized. The amount to be written off can- 

 not at the present, however, be determined. 

 Furniture and Fixtures — $680.49 



The purchase of furniture — desks, typewriters, chairs, etc., during the year amounted 

 to $230.49. As the furniture is all practically new and in good condition, nothing has 

 been written off for depreciation this year. 



.Advance on Postage — $150.08 



This is an expenditure made during 1908, but properly chargeable against the year 

 1909, being the cost of stamped envelopes for Treasurer's bills, 1909. 



Bills Payable — $6,000 



This item is composed of a demand loan of $5,000, for which the bonds of the 



Association have been given as collateral; and $1,000 borrowed on the Association's 



notes unsecured. The $1,000 have been paid since the end of last year. 



Educational Fund — $2ig 



This is an amount of money received in response to the appeal for funds to be used 

 in special educational work ; $194 being the balance for the year 1907, and $25 added 

 during the year 1908. 



Dues Unearned — $724 



This amount has been received in payment of dues in advance, of which $25 

 applies against Sustaining membership 1909, and the balance to Annual membership of 

 1909, 1910, 191 1 and 1912. 



Surplus Account — $5,786.02 



The Surplus Account on January 1, 1908, was $6,905.76. During the year there 

 was an amount of $135.24 adjusted on account of the 1907 period; and a decrease of 

 $510, caused by the dropping of members for the non-payment of 1907 dues, leaving 

 a balance of -$6,531. The Net Loss for the year of 1908 was $744.98, which, deducted 

 from the balance, brings the Surplus at December 31, 1908, to $5,786.02. 



Referring to the Revenue Account, herewith, you will find the amounts received from 

 various sources and also the expenditures classified. 



Respectfully submitted, 



Otto Luebkert, Treasurer 

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