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As of 12/31/2009 our club
valuation is as follows.
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Dec 31, 09 |
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ASSETS |
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Current Assets |
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Checking/Savings |
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Community America Checking |
924.16 |
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Community America Savings |
130.38 |
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Freedom Money Market |
14,687.27 |
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Total Checking/Savings |
15,741.81 |
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Accounts Receivable |
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Accounts Receivable |
6,360.50 |
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Total Accounts Receivable |
6,360.50 |
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Total Current Assets |
22,102.31 |
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Fixed Assets |
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Piper Arrow PA28R - N4669J |
70,000.00 |
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Cessna 172 - N1436U |
60,000.00 |
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Total Fixed Assets |
130,000.00 |
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TOTAL ASSETS |
152,102.31 |
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LIABILITIES & EQUITY |
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Equity |
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Opening Bal Equity |
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Aircraft Valuation Adjustment |
15,700.00 |
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Opening Bal Equity - Other |
123,327.64 |
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Total Opening Bal Equity |
139,027.64 |
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Prior Years Equity Increase |
8,556.02 |
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Net Income |
4,518.65 |
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Total Equity |
152,102.31 |
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TOTAL LIABILITIES & EQUITY |
152,102.31 |
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