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. Liabilities. 
Cashtin: pan ke hs ake $19. 62 | Notes payable___________--__ $200. 00 
Prepared expenses (feed)... 17.50 | Insurance fund___--__-_--_-- 500. 00 
Hoquipmentsc $225. soci: $1,255 —_—_——_ 
Less depreciation _____ 50 700. 00 
1, 205. 00 Net worth. 
Tes | COADILaL StOCK Dard Ml oe er ciel en 
1, 242.12 | Surplus beginning of 
@preiet }) srcd pe by ee 00 
1, 242, 12 
F 
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