OLD SPANISH TRAIL ASSOCIATION CASH RECEIPTS AND DISBURSEMENTS August 1, 1919 to May 31, 1929 The Period of the San Antonio Management NOTE—In past years the accounts have been audited by accountants for reports to conventions and to the Executive Board. March this year we appointed a committee of San Ant,onio business men and asked them to examine and report on the whole period of the San Antonio management so that an independent statement could be given the members and subscribers. This committee employed accountants. The reports follow. Cash Receipts for the 10-year Period Memberships and subscriptions--------------------$79,897.60 Sundry receipts_____________________________________ 472.36 Advertising_______________________________________ 8,905.98 Beautification department--------------------------- 220.00 Road Condition maps sold------------------------------13.66 Total Cash Receipts_________________________$89,509.60 Cash Disbursements for the 10-year Period Salary to Harral Ayres, Managing Director-----$10,653.53 Office and field employees, salaries and expenditures (includes office expenses, rent, furni- ture etc.)______________________________________ 42,246.14 Printing, publicity and travelogs________________ 10,877.14 Convention expenses________________________________6,481.71 General expenses (includes traveling of executive officials and all general expenses)__________ 15,270.73 Beautification department work______________________ 559.99 Route marking _____________________________________3,100.24 Road Condition blue print maps______________________ 267.58 Total Cash Disbursements_____________$89,457.06 Cash in Banks, May 31, 1929_______________52.54 $89,509.60 We have made an examination of the records of the Old Spanish Trail Association for the period August 1, 1919 to May 31, 1929. We verified cash receipts per books with deposits per bank statements and cash disbursements with cancelled checks written on the bank accounts. We found the books and the bank accounts carefully kept. Disbursements were made by check countersigned by the chairman of the Executive Board. The above statement was taken from the records, and the figures for the period which we checked are properly included therein. PERRY L. KING & COMPANY By P. L. King SAN ANTONIO, JUNE 8, 1929 Mr. Kenneth Wimer, Chairman Executive Board, Old Spanish Trail Association, San Antonio, Texas. Dear Sir: Herewith find audit for the period of the San Antonio management. Because funds of members living in many communities have been handled and a full report is now desirable we believe some comments will be helpful. We found all transactions clearly entered on the books. The total costs for the work accomplished are low. The funds to an unusual degree have gone directly to the development of the work. The Managing Director has given his full time for ten years and has used his own car and drawn but a nominal salary, as shown. The other officials have served without pay; in addition have been generous contributors and on official trips have paid their own expenses. Calculations show an aggregate of 58,500 miles traveling by these San Antonians on long trips in the interest of the work; their expenses were paid by themselves and therefore do not appear on the books. We want to express appreciation for the contributions and service these men and women have given to the development of this transcontinental highway project and we believe all who have entrusted funds to this Association will be pleased to have this statement. Sincerely, H. H. Ochs, Alfred C. McDaniel, Youngs C. Crook, Auditing Committee.