STATEMENT OF ACTIVITIES AND CHANGE IN UNRESTRICTED NET ASSETS
(Prepared on the Cash Basis of Accounting)
FOR THE YEAR ENDED DECEMBER 31, 2005
| PROGRAM REVENUES | ||
| Dues | $ 850.00 | |
| Annual meeting | 750.00 | |
| Golf outing | 1,850.00 | |
| Holiday party | 30.00 | |
| Total--Unrestricted Program Revenues | 3,480.00 | |
| PROGRAM EXPENSES | ||
| Golf outing expenses | 1,740.12 | |
| Annual meeting expenses | 810.00 | |
| Website expenses | 69.40 | |
| Postage | 34.41 | |
| Printing and miscellaneous | 27.76 | |
| Total--Unrestricted Program Expenses | 2,681.69 | |
| Increase in Unrestricted Net Assets | 798.31 | |
| Unrestricted Net Assets at December 31, 2004 | 838.99 | |
| Transfer to Permanently Restricted Assets for "Scholarship Portion" of dues | (510.00) | |
| Unrestricted Net Assets at December 31, 2005 | $ 1,127.30 | |
STATEMENT OF ACTIVITIES AND CHANGE IN PERMANENTLY RESTRICTED NET ASSETS
(Prepared on the Cash Basis of Accounting)
FOR THE YEAR ENDED DECEMBER 31, 2005
| RECEIPTS | ||
| Contributions | $ 1,085.00 | |
| Interest | 23.63 | |
| EXPENDITURES | ||
| Scholarship awarded | 1,667.00 | |
| Decrease in Permanently Restricted Net Assets | (558.37) | |
| Permanently Restricted Net Assets at December 31, 2004 | 2,294.79 | |
| Transfer from Unrestricted Assets | 510.00 | |
| Permanently Restricted Net Assets at December 31, 2005 | $ 2,246.42 | |
STATEMENT OF ASSETS, LIABILITIES AND NET ASSETS
(Prepared on the Cash Basis of Accounting)
DECEMBER 31, 2005
|
ASSETS |
||
| Cash in Checking | $ 1,127.30 | |
| Savings account--Permanently restricted | 2,246.42 | |
| Total--Assets | $ 3,373.72 | |
|
LIABILITIES AND NET ASSETS |
||
| Liabilities | $ - | |
| Net Assets | ||
| Unrestricted | 1,127.30 | |
| Permanently restricted--Scholarships | 2,246.42 | |
| Total--Net Assets | 3,373.72 | |
| Total--Liabilities and Net Assets | $ 3,373.72 | |