Balance Sheet

  

Minutes

Jan. 21, 2010

Minutes Archive

 

 

Cash  $     2,031.83 Prepaid  10 Single memberships:   $      66.69
Cash, designated gift  $        150.00 Prepaid 11 Single memberships:   $           -  
Prepaid 12 Single memberships:    $           -  
Prepaid 10 Family memberships:   $      23.34
Prepaid 11 Family memberships:   $           -  
Prepaid 12 Family memberships:   $           -  
Total Assets  $     2,181.83 Total Liabilities  $      90.03
Net Worth  $ 2,091.80
 Profit & Loss  Reconcilement of Net Worth  
Single Memberships:  $      66.69 Net Worth 12-31-09  $ 2,579.48
Family Memberships:  $      23.34 Year to date profit  $   (307.62)
Timer Rent  $           -   Ending Networth  $ 2,271.86
Merchandise Sales  $           -    
Gifts we Give  $           -  
Newsletter:Photocopy  $           -  
Newsletter:Postage  $           -  
Insurance  $           -  
Equipment Purchases  $           -  
LAB Membership  $           -  
P.O. Box Rent  $           -  
Office Supplies  $           -   RECONCILEMENT OF CASH  
Spaghetti Feed  $           -   Beginning Cash as of 12-31-09  $ 2,579.48
Business Meeting  $           -   Year to Date Net Profit  $   (307.62)
Prizes/Trophies  $           -   Non cash expenses: depreciation  $           -  
Time Trial Pizza  $           -   Prior prepaids for '10 single  $    (66.69)
BBQ Ride  $           -   Prior prepaids for '11 family  $    (23.34)
Post I Made the Grade  $           -   Cash collected in '10 as single prepaids  $           -  
Gifts  $           -   Cash collected in '10 as family prepaids  $           -  
Depreciation 1/21/2010  $ 2,181.83
Bike Month  $           -  
Internet Site  $   (119.40)
Devil's Slide Income  $              -   Out of Balance by:  $           -  
Devil's Slide Expenses  $        278.25  $   (278.25)
Devil's Slide Donation
Winchester Income  $              -  
Winchester Expenses  $              -    $           -  
Joseph shirt Income  $              -    $           -  
Joseph shirt  Expenses  $              -  
Jersey Income  $              -  
Jersey Expenses  $              -    $           -  
Net Income  $   (307.62)
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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