ACPS Financial Statement

For Fiscal Year Ending 2004

By John E Peterson, ACPS Secretary/Treasurer

                                                                                                Period Ending December 31, 2004

Receipts

                Membership Dues                                               $1129.08

                Program Sales                                                           583.40

                Dividends                                                                    57.49

                Donations                                                                   92.00

                Auctions                                                                   943.20

                Advertisement                                                            29.00

                Mailing of Ceremonial                                             61.50

Total Receipts 2004                                                          $2895.67

Expenditures

                Office Supplies & Printing                                     141.79

                Postage                                                                     387.60

                Web Site Maintenance (2003)                               127.23

                Americover (Auction &Expenses)                       734.14

                Donations¹                                                              800.00

               Program Purchases                                              57.00

                State of Virginia                                                         25.00 

                Reimbursement to members²                                     5.00

Total Expenditures                                                           $ 2277.76

Net Profit/(Loss)                                                           $ 617.91                                                      

     (Total Receipts 2004 less Expenditures)

Cash Balance, December 31, 2004                  $5010.01

1. Donations were made to Washington 2006 ($500), AFDCS ($200), and the Philatelic Research Library ($100)

2. Two members quit their membership during 2004.  Each had one prepaid issue of the Ceremonial, for which they were reimbursed.

Cash Balance, June 30, 2005                           $5963.75