Document K6N43Bxe9eyEy8Gnr5Qv1MBaw

Vv?-T\>;V /. D LEAD INDUSTRIES ASSOCIATION. INC. Accountants* Report Financial Statements and Schedules December 31. 1968 LIA 0223 2 Pe a t . Ma r w ic k . Mit c h e l l & Co. CERTIFIED PUBLIC ACCOUNTANTS SEVENTY PINE STREET NEW YORK. NEW YORK 10003 The Board of Directors Lead Industries Association, Inc.: We have examined the statements of receipts and disburse ments and changes in fund balances of Lead Industries Association, Inc. for the year ended December 31, 1968. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. - In our opinion, the accompanying statements of receipts and disbursements and changes in fund balances present fairly the recorded cash transactions of Lead Industries Association, Inc. for the year ended December 31, 1968, on a basis consistent with that of the preceding year. The supplementary data included in Schedules 1 and 2 have been subjected to the same auditing procedures and in our opinion, are stated fairly in all material respects when considered in conjunction with the basic financial statements taken as a whole. January 30, 1969 LEAD INDUSTRIES ASSOCIATION, INC. Statement of Receipts and Disbursements Year ended December 31, 1968 Receipts: Assessments: Membership Industrial development (pig lead sales) Interest on savings bank deposits Service fee - health and safety Reimbursement for publications Miscellaneous Total receipts Operating fund Budget Actual $ 105,000 101,459 518.400 522.363 623,400 623,822 8,000 20,000 1,000 1.000 653,400 9,843 20,000 1,600 76 655,341 Disbursements: Administrative (Schedule 1) Promotion and development (Schedule 2) Total disbursements Excess of disbursements over receipts 335,255 336,293 431.650 405.058 766,905 741,351 $ 113.505 86,010 Health and Safetv fund 30 - 30 -- - 30 77.051 77,051 77,021 Note: The Association has a non-contributory pension plan covering all eligible employees. The disbursement for the plan amounted to $16 ,635 for the year. There are no unfunded prior servipe costs. lU 02 23* LEAD INDUSTRIES ASSOCIATION, INC. Statement of Changes in Fund Balances Year ended December 31, 1968 Fund balances at beginning of year Deduct excess of disbursements over receipts Fund balance at end of year Represented by: Cash: Commercial Savings Petty cash Travel advance Miscellaneous receivables Deposit Operating fund $ 185,024 86.010 $ 99,014 Health and Safety fund 142,483 77.021 65,462 (11,540) 109,622 200 300 7 425 $ 99,014 65,462 -- - 65,462 See note on accompanying statement of receipts and disbursements. LI A02235 LEAD INDUSTRIES ASSOCIATION, INC. Administrative Disbursements Year ended December 31, 1968 Schedule Salaries Payroll taxes Pension premiums Business insurance Group insurance Office rent Travel and expenses Meeting expenses Professional fees: Auditing Legal Other Printing and office supplies Telephone and telegrams Postage and express Subscriptions - books and periodicals Furniture and equipment Office services: Temporary office help Other Technical Association membership dues Miscellaneous Budget Actual $ 205,515 7,500 18,000 1,000 2,500 19,440 45,000 3,000 202,180 6,319 16,635 1,391 2,302 19,440 45,966 3,456 4,000 6,000 5,400 5,500 700 1,000 (1,150 (2,483 (2,610 5,348 5,716 7,077 1,158 366 8,000 700 2.000 $ 335,255 (2,017 (6,364 1,634 2,681 336,293 LEAD INDUSTRIESASSOCIATION, INC. Promotion and Development Disbursements Year ended December 31, 1968 Operating fund: Quarterly publication "Lead" Conventions and exhibits Lead abstracts Reprints of technical articles Test programs Illustrative expense Motion Picture "The Lead Matrix:" General distribution U. S. Bureau of Mines Monograph Corrosion Handbook Annual Review Apprentice contest National Shooting Sports Foundation Electric Vehicle Council Steel Structures' Painting Council Contingency material from ILZRO Space Advertising: Architectural and Construction Cable Program Industrial Battery Program Pigments and Chemicals Program Solder, Terne and Design Engineer Program Miscellaneous production costs Sweet's Catalog Files: Architectural and Construction Solder, Terne and Design Engineer Program Booklets and publications: Architectural and Construction Bulletins Battery Publications Ceramic Supplements Publicity program (Weiss) Industrial Battery Education Program: Film Literature Miscellaneous Miscellaneous Health and Safety fund: Public relations Budget Actual $ 37,000 16,000 14,000 10,000 8,000 3,000 43,361 18,741 12,289 6,582 4,071 1,748 16,000 2,000 3,000 5,000 1,000 1,200 650 500 1,000 10,000 15,894 1,049 * - - 1,058 650 500 1,000 - 73,000 14,300 47,000 24,000 34,200 25,000 73,873 10,597 46,470 21,439 33,754 17,815 9,600 10,814 3,700 3,931 5,000 3,000 2,000 35,000 4,255 1,168 184 32,607 18,000 5,000 1,500 3.000 $ 431,650 22,884 13,441 1,721 3.162 405,058 77.051 'v ,4 LIA0223?