|
|
|
|
As of 6/30/2008 our club valuation
is as follows.
|
ASSETS |
|
|
|
|
Current Assets |
|
|
|
|
Checking/Savings |
|
|
|
|
|
Community America Checking |
1,303.11 |
|
|
|
|
Community America Savings |
121.29 |
|
|
|
|
Freedom Money Market |
15,573.12 |
|
|
|
Total Checking/Savings |
16,997.52 |
| |
|
Accounts Receivable |
|
|
|
|
|
Accounts Receivable |
6,547.50 |
|
|
|
Total Accounts Receivable |
6,547.50 |
| |
Total Current Assets |
23,545.02 |
| |
Fixed Assets |
|
|
|
|
Piper Arrow PA28R - N4669J |
70,000.00 |
|
|
|
Cessna 172 - N1436U |
60,000.00 |
|
|
Total Fixed Assets |
130,000.00 |
|
TOTAL ASSETS |
153,545.02 |
|
LIABILITIES & EQUITY |
|
|
|
Equity |
|
|
|
|
|
Opening Bal Equity |
|
|
|
|
|
Aircraft Valuation Adjustment |
15,700.00 |
|
|
|
|
Opening Bal Equity - Other |
123,327.64 |
|
|
|
Total Opening Bal Equity |
139,027.64 |
| |
|
Prior Years Equity Increase |
5,123.10 |
|
|
|
Net Income |
9,394.28 |
|
|
Total Equity |
153,545.02 |
|
TOTAL LIABILITIES & EQUITY |
153,545.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
