Document zQjremyOb0Y8Z6L7pZpzMR2L6
LEAD INDUSTRIES ASSOCIATION. INC. Accountants' Report
Financial Statements and Schedules December 31, 1969
pH*C0000036<> PEAT, MARWICK, MITCHELL & CO.
CCRTIFICO PUBLIC ACCOUNTANT*
N10084
Pe a t , Ma r w ic k , Mit c h e l l 6c Co .
CERTIFIED PUBLIC ACCOUNTANTS 3J5 PARK AVENUE
NEW YORK. NEW YORK 10022
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, 1969. Our examination was made in accordance with generally accepted auditing standards, and accord ingly 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, 1969, 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.
February 6, 1970
PNYc 000 0367
LEAD INDUSTRIES ASSOCIATION. INC. Statement of Receipts and Disbursements
Year ended December 31, 1969
Receipts: Assessments: Membership Industrial development lead sales)
(pig
Interest on savings bank deposits Reimbursement for publications Miscellaneous
Total receipts
Disbursements: Administrative (Schedule 1) Promotion and development (Schedule 2) Total disbursements
Excess (deficiency) of receipts over disburse ments
Operating Fund Budget Actual
Health and Safetv Fund
$ 120,000 123,584
702,000 683,045 822,000 806,629
8,000 5,000 2,000
837,000
4,705 4,757 2.881
818,972
330,300 311,413
521,850 459,665 852,150 771,078
_
. _ -
.
72,142 72,1c;
$ (15.150) 47.894
(72.14; i
Note: The Association has a non-contributory pension plan covering all eligible employees. The disbursements for the plan amounted to $13,836 for the year. There are no unfunded prior service costs.
PNYC00000368
LEAD INDUSTRIES ASSOCIATION. INC. Statement of Changes in Fund Balances
Year ended December 31, 1969
Fund balances at beginning of year Excess (deficiency) of receipts
over disbursements
Fund balance (deficit) at end of year
Operating Health and
Fund
Safety Fund
$ 99,014
65,462
47,894 $ 146,908
(72,142) (6,680)
Represented by: Cash: Commercial Savings Petty cash Miscellaneous receivable Deposit
46,889 99,327
200 67
425
$ 146,908
(6,680)
(6,680)
See note on accompanying statement of receipts and disbursements.
: PNVC00000369
LEAD INDUSTRIES ASSOCIATION. INC. Administrative Disbursements Year ended December 31, 1969
Schedule 1
Salaries Payroll taxes Pension premiums Business insurance Group insurance Office rent Travel and expenses Meeting expenses Professional fees 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
$ 198,000 7,500
18,000 1,500 2,500
16,500 45,000
3,500 5,000 6,000 6,000 7,000
800 2,000
191,386 6,440
13,836 1,207 2,111
18,000 37,461
2,426 5,139 5,255 5,462 7,296 1,084 1, 734
-
8,000 1,000 2,000
$ 330,300
2,657 6,252 1,133 2,534
311,413
PNYC0C000370
LEAD INDUSTRIES ASSOCIATION. INC. Promotion and Development Disbursements
Year ended December 31, 1969
Schedule 2
Operating Fund:
Publicity program:
Agency fees)
Other
)
Space advertising:
Architectural and construction
Cable Program
Industrial Battery Program
Pigments and chemicals
Product Promotion and Design Engineers
Miscellaneous and production costs
Industrial Battery Program:
Film
Literature
Miscellaneous
Conventions and exhibits:
Plant Engineering and Maintenance Show)
Design Engineering Show
)
National Chemical Exposition
)
National Plumbing Exposition
)
American Institute of Architecture
)
Miscellaneous
)
New publications:
Lead Monograph
Corrosion Handbook
Calking Lead Booklet
Solder Booklet
Corrosion Inhibiting Paint Bulletin
Existing literature expense:
Lead Magazine
Annual Review
Architectural Construction Bulletins
Lead Sheathing for Power Cables
Lead Abstracts
Sweets Catalog File
Miscellaneous
Reprinting technical articles
Test Program:
Automobile Body Solder
Calking Lead
Illustrative and photographic expenses
Motion picture - "The Lead Matrix:"
General distribution
U. S. Bureau of Mines
Apprentice contest
Contributions to technical societies:
National Shooting Sports Foundation
Steel Structure Painting Council
Electric Vehicle Council
Electrification Council
Zinc and lead international service
Detroit Fieldman (feasibility study)
Off the road electric vehicles
Experimental "Zinc Car"
Contingency - material from ILZRO
Miscellaneous
Health and Safety Fund: Public relations
Budget Actual
35,000
74,800 4,596
73,200 20,800 55,500 22,000 52,800 25,000
53,938 16,359 48,012 17,295 50,050 25,303
1,000 3,000
5,140 1,729 2,350
20,000
2,610 3,188 2,852
880 3,682 8,655
4,000 5,000 4,000 5,000 4,000
600
_ _
-
45,000 1,000 5,000 3,000
14,000 15,600
-
10,000
37,308 2,303
-
12,721 18,013
3,326 4,869
5,000 5,000 3,000
_
2,518
15,000 2,000 1,500
13,374 2,000 1,191
650 1,000
500
-
28,000 10,000
9,300 4,000 10,000 3.000 521.850
650 1,000
500 250 28,000
-
4,345 4,000
-
1.258 459.665
$
