MICHIGAN STATE AGRICULTURAL SOCIETY. 217 



EXHIBIT A. 



BALANCE SHEET. 



As at November 30, 1919. 



ASSETS. 

 Current : 



Cash on Hand $67 70 



Peoples State Bank 7 , 207 76 



Pontiac Savings Bank — Certificates of Deposit 75,000 00 



— $82,275 46 



Accounts Receivable (Schedule 1) $3 , 094 23 



Suspension (Schedule 2) 130 00 



3,224 23 



Accrued Interest Receivable on Certificate of Deposits 450 00 



Outside Investments $50 00 



Liberty Loan Bonds 250 00 



300 GO 



Inventories: 



Forage, Paint, Etc 1,503 80 



Fixed: 



Land (Schedule 3) $309 , 266 38 



Buildings (Schedule 3) 424,599 73 



Equipment (Schedule 3) 51,845 32 



785,711 43 



Prepaid Insurance 2 , 61 1 78 



LIABILITIES. 



Current : 



Accounts Payable (Schedule 4) $1 , 233 70 



Accrued Interest on Bonds 1 , 275 00 



Mortgage Bonds: 



First Mortgage Bonds .Authorized and Sold $200,000 00 



Less: Bonds Redeemed ' 55 ,000 00 



Bonds Outstanding $145 , 000 00 



Second Mortgage Bonds Authorized $210,000 00 



Less: Bonds Unsold 100,000 00 



Bonds Outstanding 1 10 , 000 00 



Deferred Revenues: 



Rentip Advance $14,070 00 



Deposits on 1920 Contracts (Schedule 5) 6 , 180 00 



Surplus November 30, 1918 $514,114 47 



Less: Adjustment (Exhibit D) 10,718 30 



$876,076 70 



$2,508 70 



255,000 00 

 20,250 00 



$503,396 17 

 Add: Net Profit from December 1, 1918, to November 30, 



1919 (Exhibit B) 94,921 83 598,318 00 



$876,076 70 



This Balance Sheet, subject to comments contained in our report of December 2, 1919, and of which 

 it forms a part, in our opinion, substantially reflects the true status of the affairs of the MICHIGAN 

 STATE AGRICULTURAL SOCIETY, as at November 30, 1919. 



