MISCELLANEOUS I have also during the past year, in response to requests, drafted resolutions for the use of national officers, and department officers of The American Legion and American Legion Auxiliary, and on other occasions have furnished advice and guidance in the drafting of resolutions designed to accomplish a given end. Last, during the past year, I have met with and attended numerous conferences with officials and staff members of The American Legion for the purpose of rendering advice and guidance on matters legal and administrative. In conclusion, the National Judge Advocate wishes to thank all national officers, department officials, and members of the National Executive Committee for the valuable assistance and cooperation extended to him during the past year. 1964 REPORT OF THE NATIONAL TREASURER This report is submitted in compliance with the following resolutions adopted at the 14th Annual National Convention of The American Legion at Portland, Oreg.; and at the 20th Annual National Convention of The American Legion at Los Angeles, Calif.; and the 29th Annual National Convention of The American Legion at New York City. "That a financial report be submitted from National Headquarters annually, indicating the financial status as of July 31, and that this report be in the hands of all departments 30 days prior to the National Convention and available to appointed members of the National Convention Finance Committee. "The Finance Committee recommends that each department select their members on the Finance Committee at national conventions as soon as the National Treasurer's report is received by the respective departments so as to allow the one selected or appointed to examine the report and make the necessary study of said report before sitting in the Finance Committee at the National Convention, the name of the member selected by the department to be forwarded to the National Adjutant immediately. "That the report of the National Treasurer to the National Convention be the audited report made each December 31 for the preceding 12 months and a supplementary report covering the first 6 months of the current year." FRANCIS POLEN, 316 THE AMERICAN LEGION, NATIONAL HEADQUARTERS Report on examination of statement of financial condition at December 31, 1963, and related statements of income and surplus for the year then ended 317 THE AMERICAN LEGION, NATIONAL HEADQUARTERS TABLE OF CONTENTS Scope of Examination and Opinion__ Comments Respecting Operations Condensed comparison of operations.. Condensed comparison of operations related in percentage__ Page 319 320 321 Comments Respecting Financial Condition: Condensed comparison of financial condition for all funds.. 322 Cash on deposit and on hand, accounts receivable, notes receivable, and inventories____ 323 Prepaid expenses, supplies, and advances; investments; furniture, fixtures, and equipment_ Exhibit C-Analysis of unrestricted surplus (deficit) Supplementary Exhibits and Schedules: 330 Exhibit D-Statement of income and expense, Publications Division_ Schedule B-1-Summary of general cash on deposit and on hand___ 342 343 344 Schedule B-4-Analysis of furniture, fixtures, and equipment, and accumulated depreciation.. 346 Schedule B-5-Overseas Graves Decoration Trust fund, cash receipts and disbursements_ 347 Schedule B-6-Overseas Graves Decoration Trust fund investments_ Schedule B-7-Employees' Retirement Trust fund, cash receipts and disbursements__. 348 349 Schedule B-8-Employees' Retirement Trust fund investments - 350 353 354 Schedule B-10(a)-Statement of cash receipts and disbursements, Schedule D-1-Analysis of expense, Publications Division_ 358 Schedule E-1-Analysis of expense, Emblem Division_.. 361 318 DANIEL F. FOLEY, GEO. S. OLIVE & CO. CERTIFIED PUBLIC ACCOUNTANTS THE INDIANA BUILDING INDIANAPOLIS 4, IND., April 22, 1964. National Commander, The American Legion, National Headquarters, DEAR SIR: We have examined the statement of financial condition of The American Legion, National Headquarters, as of December 31, 1963, and the related statements of income and of surplus for the year then ended. 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 statement of financial condition and the related statements of income and of surplus present fairly the position of The American Legion, National Headquarters, at December 31, 1963, and the results of its operations for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year, except for the change, which we approve, in the accounting treatment of equipment, described in note 1 to the financial statements. Our examination was made for the purpose of forming an opinion on the statements of financial condition, income, and surplus, taken as a whole. Included in this report is supplementary information, which, although not necessary for a fair presentation of financial condition and the results of operations, is presented for analytical purposes. Such information has been examined to the extent necessary incident to the examination of the basic financial statements, and in our opinion is, in relation to such financial statements taken as a whole, fairly stated in all material respects. The additional information included herewith consists of: (1) comments respecting operations; (2) comments respecting financial condition; (3) organization and history; and (4) exhibits and schedules supplementary to the basic financial statements reported upon. 319 |