ACPS Financial Statement
Amended July 22, 2002
By John E Peterson, ACPS Secretary/Treasurer
Period Ending December 31, 2001
Receipts
Membership Dues $ 580.50
Program Sales 673.00
Dividends 28.24
Donations 162.00
Americover Auction 464.00
Americover Raffle 151.00
Mailing of Ceremonial 180.50
Total Receipts 2001 $2239.24
Received from Previous Treasurer 2082.27
Total Receipts $4321.51
Accounts Payable
Advance Dues Paid 2001 (65.00)
*Advance Dues Paid prior to 2001 (375.00)
Prepaid Mailing of Ceremonial (57.50)
Total ($497.50)
Working Capital Fund $3824.01
(Total Receipts less Accounts Payable)
Expenditures
Bank Service Charges $ 34.00
Office Supplies & Printing 375.66
Postage 367.44
Web Site 560.30
Ceremony Programs 66.80
Americover (Auction &Expenses) 544.39
IRS (Fee for tax exempt filing) 150.00
State of Virginia 41.50
Total Expenditures $ 2140.09
Net Profit/(Loss) $ 99.15
(Total Receipts 2001 less Expenditures)
Cash Balance, December 31, 2001** $2284.90
(Total receipts plus expenditures in 2001 of previous Treasurer [$103.48] less total expenditures)
* - These are for advance dues paid in prior years applicable past 2001. Arrived at by calculating the prepaid member-years (the total number of years each member has past 2001, added up) past 2001 multiplied by the $5 per year membership fee.
** - Includes $2182.58 in checking and $102.32 in savings accounts. The San Diego County Credit Union requires a $50 minimum balance in a savings account and a $100 minimum balance in the savings account to earn interest.
Note: the figures above include a deposit made on January 2, 2002, which consisted of revenues made in calendar year 2001. This deposit will not show up in any subsequent Treasurer’s report.