May
1 , 2008
Minutes
April
24, 2008
April
3, 2008
Feb.
28, 2008
|
| Cash |
$
3,203.68 |
|
|
Prepaid 09 Single memberships: |
$
106.65 |
| Cash, designated gift |
$ 150.00 |
|
|
Prepaid 10 Single
memberships: |
$
53.36 |
| |
|
|
|
Prepaid 11 Single
memberships: |
$ -
|
| |
|
|
|
Prepaid 09 Family
memberships: |
$
48.33 |
| |
|
|
|
Prepaid 10 Family
memberships: |
$
23.34 |
| |
|
|
|
Prepaid 11 Family
memberships: |
$ -
|
| |
|
|
|
|
|
| Total Assets |
$
3,353.68 |
|
|
Total Liabilities |
$
231.68 |
| |
|
|
|
|
|
| |
|
|
|
Net Worth |
$ 3,122.00 |
| |
|
|
|
|
|
| |
|
|
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|
|
| |
Profit & Loss |
|
|
Reconcilement of Net Worth |
|
| Single Memberships: |
|
$
343.30 |
|
Net Worth 12-31-07 |
$
2,788.57 |
| Family Memberships: |
|
$
571.66 |
|
Year to date profit |
$
333.43 |
| Timer Rent |
|
$ -
|
|
Ending Networth |
$ 3,122.00 |
| Merchandise Sales |
|
$ 72.00 |
|
|
|
| Donations: |
MAMBA |
$ (500.00) |
|
|
|
| Newsletter:Photocopy |
|
$ -
|
|
|
|
| Newsletter:Postage |
|
$ -
|
|
|
|
| Insurance |
|
$ -
|
|
|
|
| Ridership |
|
$ -
|
|
|
|
| LAC Membership |
|
$ (55.00) |
|
|
|
| P.O. Box Rent |
|
$ -
|
|
|
|
| Office Supplies |
|
$ -
|
|
RECONCILEMENT OF CASH |
|
| Spaghetti Feed |
|
$
(584.80) |
|
Beginning Cash as of 12-31-07 |
$
3,000.21 |
| Business Meeting |
|
$ (50.00) |
|
Year to Date Net Profit |
$
333.43 |
| Prizes/Trophies |
|
$ -
|
|
Non cash expenses: depreciation |
$
- |
| Time Trial Pizza |
|
$ -
|
|
Prior prepaids for '08 single |
$
(109.98) |
| BBQ Ride |
|
$ -
|
|
Prior prepaids for '08 family |
$
(48.33) |
| Post I Made the Grade |
|
$ -
|
|
Cash collected in '08 as single prepaids |
$
106.68 |
| Gifts |
|
$ -
|
|
Cash collected in '08 as family prepaids |
$
71.67 |
| Depreciation |
|
|
|
CASH ON HAND 3/31/08 |
$ 3,353.68 |
| Internet Site |
|
$
(95.40) |
|
|
|
| |
|
|
|
|
|
| Devil's Slide Income |
$ 1,500.00 |
|
|
Out of Balance by: |
$
- |
| Devil's Slide Expenses |
$
868.33 |
$
631.67 |
|
|
|
| Devil's Slide Donation |
|
|
|
|
|
| Winchester Income |
$ - |
|
|
|
|
| Winchester Expenses |
$ - |
$
- |
|
|
|
| Joseph shirt Income |
$ - |
$
- |
|
|
|
| Joseph shirt Expenses |
$ - |
|
|
|
|
| Jersey Sales |
|
|
|
|
|
| Jersey Profit |
|
|
|
|
|
| Equipment Purchases |
|
|
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| Net Income |
|
$
333.43 |
|
|
|
| |
|
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| Twin Rivers
Cyclists keeps its books on a Cash Basis modified to account for pre-paid
memberships. |
| As much as
possible expenses are paid in the year in which they benefit the club in
keeping with Cash |
| Accounting rules. |
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