Desert Illini Club

Financial Statements

Statement of Activities and Changes in Unrestricted Net Assets

(Prepared on the Cash Basis of Accounting)

For the Year Ended December 31, 2011

PROGRAM REVENUE
Dues $   575.00
Annual Meeting 1,015.00
Golf outing and dinner 1,580.00
Other 0.00
Total Unrestricted Program Revenues 3,170.00
PROGRAM EXPENSES    
Golf outing expenses 1,743.31
Annual meeting expenses 1,015.00
  Web site 71.40
Postage 23.04
  Taxes 20.00
  Supplies 45.03
  Miscellaneous  
  Total Unrestricted Program Expenses 2,917.78
Increase in Unrestricted Net Assets 252.22
Unrestricted Net Assets at December 31, 2010 1,200.17
Transfer to Permanently Restricted Assets for "Scholarship Portion" of dues (360.00)
Unrestricted Net Assets at December 31, 2011 $   1,092.39


STATEMENT OF ACTIVITES AND CHANGES IN PERMANENTLY RESTRICTED NET ASSETS

(Prepared on the Cash Basis of Accounting)

For the Year Ended December 31, 2011

RECEIPTS
Contributions $    939.00
  Interest 6.01
Total Receipts 945.01
EXPENDITURES    
Scholarship awarded  
Net Increase in Permanently Restricted Net Assets 945.01
Unrestricted Net Assets at December 31, 2010 1,339.76
Transfer from Unrestricted Assets 360.00
Permanently Restricted Net Assets at December 31, 2011 $   2,644.77

STATEMENT OF ASSETS, LIABILITIES AND NET ASSETS

(Prepared on the Cash Basis of Accounting)

December 31, 2011

ASSETS
Cash in checking $  1,092.39
Savings account--Permanently restricted 2,644.77
Total Receipts $  3,737.16
LIABILITES AND NET ASSETS    
Net Assets
  Unrestricted $  1,092.39
Permanently restricted for scholarships 2,644.77
  Total Net Assets 3,737.16
Total--Liabilities and Net Assets $  3,737.16
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