Seattle Glider Council
 Balance Sheet
 As of December 31, 2009



Total
ASSETS
   Current Assets
      Bank Accounts
         Fidelity Account 71,276.62
         Keybank Account 11,079.81
      Total Bank Accounts $82,356.43 
      Accounts Receivable
         Accounts Receivable 105.25
      Total Accounts Receivable $105.25 
      Other Current Assets
         Undeposited Funds 233.68
      Total Other Current Assets $233.68 
   Total Current Assets $82,695.36 
   Other Assets
      Bathroom-Shower 7,614.94
      Pawnee 78P 36,000.00
      Scales-Contest 500.00
      Supercub 75B 52,000.00
      Towplane Reserve 7,795.78
   Total Other Assets $103,910.72 
TOTAL ASSETS $186,606.08 
LIABILITIES AND EQUITY
   Liabilities
      Current Liabilities
         Other Current Liabilities
            Unfunded Towplane Reserve 7,795.78
         Total Other Current Liabilities $7,795.78 
      Total Current Liabilities $7,795.78 
   Total Liabilities $7,795.78 
   Equity
      Opening Bal Equity 84,477.69
      Retained Earnings 89,887.19
      Net Income 4,445.42
   Total Equity $178,810.30 
TOTAL LIABILITIES AND EQUITY $186,606.08 



Thursday, Mar 11, 2010 06:15:31 PM GMT-8 - Accrual Basis

This report was created using QuickBooks Online.
Seattle Glider Council
 Profit & Loss
 January - December 2009



Total
Income
   Banquet Income 1,833.00
   Billable Expense Income 4,117.00
   Dues 75.00
      Family Membership 09 50.00
      General Membership 09 4,130.00
   Total Dues 4,255.00 
   Facility Fee 3,329.00
   Interest Earned 430.08
   Late Fees 322.00
   RV Parking 3,851.40
   RV Parking - Week 180.00
   Services (56.00)
   Tow fees 19,218.65
   Trailer Parking 6,626.00
   Uncategorized Income 195.84
Total Income $44,301.97 
Expenses
   Administration 929.55
   Bank Charges 329.25
   Banquet Expense 1,783.95
   DG 1000 4,117.00
   Election 101.71
   Food 54.70
   Fuel 5,574.72
   Insurance
      Liability 300.00
      Property 848.00
      Tow Planes 3,719.00
   Total Insurance 4,867.00 
   Maintenance- Facilities 1,872.04
   Maintenance-Towplanes 4,149.42
   Miscel Exp. 119.20
   P.O.Box Fee 65.00
   Postage 266.39
   Printing 215.16
   Registration Fees 130.00
   Rent 0.00
      Clubhouse 8,466.55
      Hangar 3,249.84
   Total Rent 11,716.39 
   SSA Membership 200.00
   Supplies 436.30
   Taxes
      Sales Tax 276.50
   Total Taxes 276.50 
   Utilities
      Electric 1,287.60
      Refuse 541.74
      Telephone 332.91
      Water 490.02
   Total Utilities 2,652.27 
Total Expenses $39,856.55 
Net Operating Income $4,445.42 
Net Income $4,445.42 



Thursday, Mar 11, 2010 06:13:43 PM GMT-8 - Accrual Basis

This report was created using QuickBooks Online.

Audit Results Letter