﻿24 BULLETIN" 1150, U. S. DEPARTMENT OF AGRICULTURE. 



advantages or disadvantages of shipping to different markets, and in 

 directing the attention of the management to variations in the rates 

 of expenses, losses and shrinkage, with a view to ascertaining the 

 causes of such variations and reducing these costs to a minimum. 

 Each manager believes he is doing the best that can be done, until 

 he learns that others have obtained better results than he. If all 

 managers kept the essential figures in a uniform manner it "would 

 be a simpler matter to compare notes and ascertain " how it was 

 done." 



The relatively small amount of time required to keep these records 

 will be found to have been well spent when information is desired 

 regarding the results of operations. The time required in the prepa- 

 ration of the annual report can be reduced to the few moments needed 

 in copying the desired totals from the records. 



The value of these figures for publicity purposes is frequently 

 overlooked. Many associations obtain valuable publicity by submit- 

 ting their monthly and annual reports to the local papers to the 

 county agents, to federations of cooperative live-stock shippers and 

 by mailing mimeographed copies to the members. 



MONTHLY AND ANNUAL REPORTS. 



Illustrations of the different schedules which a satisfactory report 

 should include will be found on the following pages. These sched- 

 ules consist of the following : 



A. Financial statements. 



1. Statement of resources and liabilities. 



2. Statement of income and expenses. 



B. Statement of results of shipping. 



1. Volume and value of live stock handled. 



2. Analysis of expenses and deductions. 



3. Analysis of shrinkage. 



4. Analysis of losses. 



C. Report of money handled. 



1. Cash receipts and disbursements. 



2. Bank reconciliation. 



3. Analysis of undivided balance account. 



4. Analysis of insurance fund account. 



Annual Report of the Brookridge Cooperative Shipping Association for the 

 Fiscal Year ending December 31, 1921. 



a. financial statements. 

 A 1. — Statement of resources and liabilities. 



Resources. 



Cash in bank $19. G2 



Prepared expenses (feed) 17.50 



Equipment $1,255 



Less depreciation 50 



1, 205. 00 



1, 2**2. 12 



Liabilities. 



Notes payable $200.00 



Insurance fund 500. 00 



700.00 

 Net worth. 



Capital stock paid in 395. 00 



Surplus beginning of 



year $000. 00 



Net profits this year_ 147. 12 



Total surplus 147.12 



1, 242. 12 



