THE AMERICAN FORESTRY ASSOCIATION 



Report of Treasurer for Year Ended December 31, 1908 



WASHINGTON, D. C., January >>, /pop. 



I he Hvard of />ireetors. 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 



A.S al December 31, 1908 ..Exhibit "A" 



REVENUE ACCOUXI 



\ - at December 31, 1908 . .Exhibit " B" 



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

 / /' nvestments $6,162.80 



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

 /';<,\v Outstanding $1,206 \ 



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

 lie-half of the amount outstanding will be collected. 

 Adranee lo (.'oii-sert'ation $4,100 



This represents the amount advanced to the Magazine Department for working 

 .apita!, 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. 

 l-iiruittti'e 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. 



Idi'anee 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. 

 fiills Payable $6,000 



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

 \ssociation 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. 



ational l : und $219 



'I 'hi- is an amount of money received in response to the appeal for funds to be used 

 in special educational work: $104 being the balance for the year 1907, and $25 added 

 'luring the year 1908. 



Dues I 'nearned $7-'. I 



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 

 1900, 1010. loi i and K)i _'. 



Surplus . leeoitnt vS\S,7<S'tf.<>_ J 



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



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



510, caused h\ the dropping of members for the non-payment of 1907 dues, leaving 



balance of $(1.531. The Net Loss for the year of 1908 was $744.98, which, deducted" 



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



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

 sources and also the expenditures classified. 



Respectfully submitted, 



OTTO LUEBKERT, Treasurer. 

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