June
1 , 2008
Minutes
July 17, 2008
June 19, 200i
May 22, 2008
April
24, 2008
April
3, 2008
Feb.
28, 2008
|
| Cash |
$
3,203.69 |
|
|
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 |
$ 3,353.69 |
|
|
Total Liabilities |
$ 231.68 |
|
|
|
|
|
|
|
|
|
|
Net Worth |
$ 3,122.01 |
|
|
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|
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Profit &
Loss |
|
|
Reconcilement of Net Worth |
|
| Single Memberships: |
|
$ 358.30 |
|
Net Worth 12-31-07 |
$ 2,788.57 |
| Family Memberships: |
|
$ 606.66 |
|
Year to date profit |
$ 333.44 |
| Timer Rent |
|
$ 25.00 |
|
Ending Networth |
$ 3,122.01 |
| Merchandise Sales |
|
$ 72.00 |
|
|
|
| Donations: |
MAMBA |
$ (500.00) |
|
|
|
| Newsletter:Photocopy |
|
$ (49.00) |
|
|
|
| Newsletter:Postage |
|
$ -
|
|
|
|
| Insurance |
|
$ -
|
|
|
|
| Ridership |
|
$ -
|
|
|
|
| LAC Membership |
|
$ (55.00) |
|
|
|
| P.O. Box Rent |
|
$ (40.00) |
|
|
|
| Office Supplies |
|
$ (16.50) |
|
RECONCILEMENT OF CASH |
|
| Spaghetti Feed |
|
$ (588.53) |
|
Beginning Cash as of 12-31-07 |
$ 3,000.21 |
| Business Meeting |
|
$ (50.00) |
|
Year to Date Net Profit |
$ 333.44 |
| Prizes/Trophies |
|
$ -
|
|
Non cash expenses: depreciation |
$ -
|
| Time Trial Pizza |
|
$ -
|
|
Prior prepaids for '08 single |
$ (109.98) |
| BBQ Ride |
|
$ (16.00) |
|
Prior prepaids for '08 family |
$ (48.33) |
| Post I Made the Grade |
|
$ -
|
|
Cash collected in '08 as single prepaids |
$ 106.68 |
| Gifts |
|
$ 0.24 |
|
Cash collected in '08 as family prepaids |
$ 71.67 |
| Depreciation |
|
|
|
CASH ON HAND 7/8/08 |
$ 3,353.69 |
| 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 Income |
$ 50.00 |
|
|
|
|
| Jersey Expenses |
$ - |
$ 50.00 |
|
|
|
| Equipment Purchases |
|
|
|
|
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|
|
|
|
|
|
|
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| Net Income |
|
$ 333.44 |
|
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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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