Balance Sheet
  

Minutes

August 19, 2010

July 11, 2010

May 20, 2010

April 15, 2010

March 4, 2010

Feb. 18, 2010

Jan. 21, 2010

Minutes Archive

 

 

Cash  $     3,009.13 Prepaid 11 Single memberships:   $      15.00
Cash, designated gift  $        150.00 Prepaid 12 Single memberships:   $      15.00
Prepaid 13 Single memberships:    $           -  
Prepaid 11 Family memberships:   $           -  
Prepaid 12 Family memberships:   $           -  
Prepaid 13 Family memberships:   $           -  
Total Assets  $     3,159.13 Total Liabilities  $      30.00
Net Worth  $ 3,129.13
 Profit & Loss  Reconcilement of Net Worth  
Single Memberships:  $    270.00 Net Worth 12-31-09  $ 2,579.48
Family Memberships:  $    450.00 Year to date profit  $    549.65
Timer Rent  $      25.00 Ending Networth  $ 3,129.13
Merchandise Sales  $      22.00
Gifts we Give  $           -  
Newsletter:Photocopy  $    (38.13)
Newsletter:Postage  $           -  
Insurance  $    (89.40)
Equipment Purchases  $    (77.00)
LAB Membership  $    (55.00)
P.O. Box Rent  $    (44.00)
Office Supplies  $           -   RECONCILEMENT OF CASH  
Spaghetti Feed  $   (204.95) Beginning Cash as of 12-31-09  $ 2,579.48
Business Meeting  $    (81.70) Year to Date Net Profit  $    549.65
Prizes/Trophies  $           -   Non cash expenses: depreciation  $           -  
Time Trial Pizza  $           -   Prior prepaids for '10 single  $           -  
BBQ Ride  $    (26.00) Prior prepaids for '11 family  $           -  
Post I Made the Grade  $           -   Cash collected in '10 as single prepaids  $      30.00
Gifts  $      10.76 Cash collected in '10 as family prepaids  $           -  
Depreciation 8/20/2010  $ 3,159.13
Bike Month  $           -  
Internet Site  $   (129.35)
Devil's Slide Income  $     1,228.50 Out of Balance by:  $           -  
Devil's Slide Expenses  $        766.08  $    462.42
Devil's Slide Donation
Winchester Income  $              -  
Winchester Expenses  $              -    $           -  
Joseph shirt Income  $              -    $           -  
Joseph shirt  Expenses  $              -  
Jersey Income  $         55.00
Jersey Expenses  $              -    $      55.00
Net Income  $    549.65
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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Cash  $     2,429.48 Prepaid  09 Single memberships:   $      66.69
Cash, designated gift  $        150.00 Prepaid 10 Single memberships:   $      13.33
Prepaid 11 Single memberships:    $           -  
Prepaid 09 Family memberships:   $      23.34
Prepaid 10 Family memberships:   $           -  
Prepaid 11 Family memberships:   $           -  
Total Assets  $     2,579.48 Total Liabilities  $    103.36
Net Worth  $ 2,476.12
 Profit & Loss  Reconcilement of Net Worth  
Single Memberships:  $    277.42 Net Worth 12-31-08  $ 2,534.87
Family Memberships:  $    473.33 Year to date profit  $   (112.08)
Timer Rent  $           -   Ending Networth  $ 2,422.79
Merchandise Sales  $      32.00  
Donations:  $           -  
Newsletter:Photocopy  $           -  
Newsletter:Postage  $           -  
Insurance  $           -  
Equipment Purchases  $           -  
LAC Membership  $    (55.00)
P.O. Box Rent  $    (42.00)
Office Supplies  $      (6.00) RECONCILEMENT OF CASH  
Spaghetti Feed  $   (125.63) Beginning Cash as of 12-31-08  $ 2,766.55
Business Meeting  $    (88.40) Year to Date Net Profit  $   (112.08)
Prizes/Trophies  $    (52.74) Non cash expenses: depreciation  $           -  
Time Trial Pizza  $   (241.82) Prior prepaids for '09 single  $    (53.32)
BBQ Ride  $    (25.00) Prior prepaids for '09 family  $    (48.33)
Post I Made the Grade  $           -   Cash collected in '09 as single prepaids  $      26.66
Gifts  $      40.00 Cash collected in '09 as family prepaids  $           -  
Depreciation 8/19/2010  $ 2,579.48
Bike Month  $   (103.00)
Internet Site  $   (117.35)
Devil's Slide Income  $        770.00 Out of Balance by:  $           -  
Devil's Slide Expenses  $        802.89  $    (32.89)
Devil's Slide Donation
Winchester Income  $              -  
Winchester Expenses  $              -    $           -  
Joseph shirt Income  $              -    $           -  
Joseph shirt  Expenses  $              -  
Jersey Income  $     1,155.00
Jersey Expenses  $     1,200.00  $    (45.00)
Equipment Purchases
Net Income  $   (112.08)
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.