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The Hume Society has four
accounts with the Agricultural Bank of Iceland (ABI), one account with Premier
Bank in Minnesota, and a PayPal account. Activity on each account is listed
separately first, and a summary of all accounts is then presented, with all
currency conversions based on FXConverter (interbank
rate) exchange rates of July 1, 2008 (FXConverter
at
www.oanda.com)
US Dollar Account (ABI)
|
Balance Carried
Forward |
|
$25,290.12 |
|
Credits |
|
|
|
Dues Payments |
$767.35 |
|
|
Transferred from ISK accounts |
$19,466.08 |
|
|
Total Credits |
|
$20,233.43 |
|
Debits |
|
|
|
Hume Studies (2007 and 2008) |
$16,012.25 |
|
|
Fees* ($500
returned cheque fee to HS) |
$523.67 |
|
|
Total Debits |
|
-$16,535.92 |
|
Closing Balance |
|
$28,987.63 |
Euro Account (ABI)
|
|
Euros |
U.S. Dollars* |
|
Balance Carried
Forward |
5,221.69 |
$8,240.04 |
|
Total Credits |
|
|
|
Total Debits |
|
|
|
Closing Balance |
5,221.69 |
$8,240.04 |
*Based on the 7/01/08 exchange rate of 1 Euro = 1.57804 US
Dollar;1 US Dollar (USD) = 0.63370 Euro (EUR)
Visa Account (ABI)
|
|
ISK |
U.S. Dollars** |
U.S. Dollars** |
|
Balance Carried
Forward |
1,026,187.00 |
|
13,005.80 |
|
Credits |
|
|
|
|
Dues |
190,076.00 |
$2,409.00 |
|
|
Total Credits |
|
|
2,409.00 |
|
Debits |
|
|
|
|
Service charges |
-475.00 |
-6.02 |
|
|
Transfer to USD account |
-1,000,000.00 |
-$12,653.90 |
|
|
Total Debits |
-1,000,475.00 |
|
-12,659.92 |
|
Closing Balance |
215,788.00 |
|
$2,734.88 |
**Based on the 7/01/08 exchange rate of 1 Iceland Krona =
0.01267 US Dollar; 1 US Dollar (USD) = 78.90252 Iceland Krona (ISK)
MasterCard Account (ABI)
|
|
ISK |
U.S. Dollars** |
U.S. Dollars** |
|
Balance Carried
Forward |
459,379.00 |
|
$5,822.11 |
|
Credits |
|
|
|
|
Dues |
91,839,00 |
$1,163.96 |
|
|
Total Credits |
|
|
$1,163.96 |
|
Transfer to USD account |
-400,000.00 |
$5,069.55 |
|
|
Total Debits |
|
|
-$5,069.55 |
|
Closing Balance |
151,218.00 |
|
$1,916.52 |
**Based on the 7/01/08 exchange rate of 1 Iceland Krona =
0.01267 US Dollar; 1 US Dollar (USD) = 78.90252 Iceland Krona (ISK)
Premier Bank
(Checking Account)
|
Opening Balance |
|
$1,888.13 |
|
Total Credits |
|
0 |
|
Debits |
|
|
|
Fee for MyHosting
(2007-partial and 2008) |
-$827.73 |
|
|
Gifts for Conference Organizers
(2007) |
-$149.97 |
|
|
Total Debits |
|
-$977.70 |
|
Closing Balance |
|
$910.43 |
PayPal Account
|
Opening Balance |
|
$1,364.53 |
|
Credits |
|
|
|
Dues |
$1,265.00 |
|
|
Total Credits |
|
1,265.00 |
|
Debits |
|
|
|
Fees |
$54.71 |
|
|
Total Debits |
|
-$54.71 |
|
Ending Balance |
|
$2,574.82 |
All Accounts (Summary)
|
Opening Balances (Sum
of all accounts)** |
|
$55,610.73 |
|
Credits |
|
|
|
Dues |
$5,605.31 |
|
|
Transferred to USD account |
$19,466.08 |
|
|
Total Credits |
|
$25,071.39 |
|
Debits |
|
|
|
Web hosting |
-$827.73 |
|
|
Support for Hume Studies |
-$16,012.25 |
|
|
Service Charges and
processing fees |
-$584.40 |
|
|
Gifts for Conference Organizers (2007) |
-$149.97 |
|
|
Transferred from ISK accounts |
-$17,723.45 |
|
|
Total Debits |
|
-$35,297.80 |
|
Total
|
|
$45,384.32 |
|
Sum of all accounts |
|
$45,384.32
|
**The exchange rate used for this summary is the interbank
rate of 07/01/08. The rate of exchange at the time of the transfers were
different.
Submitted by Corliss G. Swain, Executive
Secretary-Treasurer, Department of Philosophy, St. Olaf College on July 31, 2008
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