To the Officers and Members of the Institute:
Gentlemen:—I have the honor to submit the following report for the year ending December 31, 1900:
Itemized Cash Statement.
Receipts During the Tear 1900.
Items. | First | Second Quarter. | Third | Fourth | Totals. |
Dues | $974 06 | $591 66 | $166 10 | $160 50 | $1892 32 |
Subscriptions | 182 69 | 219 35 | 152 35 | 175 03 | 729 42 |
Sales | 69 78 | 48 88 | 56 05 | 98 13 | 272 84 |
Interest on bonds and deposits | 45 50 | 139 21 | 45 50 | 18 00 | 248 21 |
Advertisements | 297 25 | 232 50 | 20 00 | 489 50 | 1039 25 |
Binding | 6 00 | 13 80 | . . | 3 00 | 22 80 |
Credit on sales | 35 | . . | . . | . . | 35 |
Premium on money orders | . . | 04 | 07 | . . | 11 |
Life membership fees | . . | . . | 27 00 | 30 00 | 57 00 |
Totals | $1575 63 | $1245 44 | $467 07 | $974 16 | $4262 30 |
Receipts from extra publications | 1503 65 | ||||
| Total | $5765 95 |
Expenditures During the Year 1900.
Items. | First | Second Quarter. | Third | Fourth | Totals. |
Printing and binding | $644 58 | $889 49 | . . | $376 72 | $1910 79 |
Salaries | 300 00 | 300 00 | $300 00 | 300 00 | 1200 00 |
Postage | 76 28 | 39 07 | 37 65 | 38 25 | 191 25 |
Expressage | 14 93 | 3 03 | 4 38 | 4 06 | 26 40 |
Telegrams | 25 | 25 | 25 | 3 54 | 4 29 |
Cost of articles | 157 00 | 75 00 | 25 00 | 25 00 | 282 00 |
Freight and hauling | 3 96 | 7 19 | 3 67 | 3 31 | 18 13 |
Discount on checks | 1 59 | 2 02 | 1 04 | 96 | 5 61 |
Purchase of back numbers | 3 50 | . . | 2 80 | . . | 6 30 |
Prize essay | 100 00 | . . | . . | . . | 100 00 |
" " medal | 24 10 | . . | . . | . . | 24 10 |
Rebate | 18 00 | . . | . . | . . | 18 00 |
Stationery | . . | 2 15 | 43 17 | 11 78 | 57 10 |
Repairing typewriter | . . | 11 45 | . . | . . | 11 45 |
Rent for safe box | . . | 5 00 | . . | . . | 5 00 |
Purchase 1 Infantry and Art | . . | 1 15 | . . | . . | 1 15 |
Insurance | . . | . . | 28 00 | . . | 28 00 |
Purchase of text-books | . . | . . | . . | 24 79 | 24 79 |
Office expense | . . | . . | . . | 20 | 20 |
Totals | $1344 19 | $1335 80 | $445 96 | $788 61 | $3914 56 |
Paid for printing and binding extra publications | 2919 91 | ||||
| Total | $6834 47 |
A liability for extra publications amounting to $2,514.00 is included in the expenditures, which was paid during the year.
Summary.
Balance of cash unexpended January 1, 1900 ................ $4782 03
Total receipts for 1900 ................................................. 5765 95
Total available cash, 1900........................................... $10547 98
Total expenditures, 1900 .............................................. 6834 47
Cash unexpended January 1, 1901................................. $3713 51
Held to credit of reserve fund............................................ 299 14
True balance January 1, 1901........................................ $3414 37
Bills receivable for 1900................................................... 994 60
“ “ “ back dues ............................................ 798 00
“ “ binding .. .................................................. 20 00
“ “ subscriptions............................................. 56 00
“ “ “ sales......................................................... 2 55
“ “ “ advertisements....................................... 349 25
“ “ “ sale of other publications........................... 68 01
Value of back numbers, estimated.................................... 875 00
“ “ Institute property................................................ 100 00
“ “ extra publications.............................................. 2410 00
Total assets exclusive of reserve fund.............................. $9087 78
Reserve Fund.
United States 4 per cent consols, registered...................... $900 00
District of Columbia 3.65 per cent registered bonds............ 2000 00
District of Columbia coupon bonds..................................... 650 00
3550 00
Cash in bank uninvested................................................... 299 14
Total........................................................................... $3849 14
Number of paper-bound copies of the Proceedings on
hand at the end of the year.............................................9308
Number of cloth-bound copies........................................ 1494
Total number of copies on hand..................................... 10802
Very respectfully,
E. W. Eberle, Lieutenant, U. S. Navy,
Secretary and Treasurer.