June 1986; Volume 4 No. 8; Whole No. 44

CFOG's PIP, June 1986, Volume 4 No. 8, Whole No. 44, page 5

CFOG Financial Report

The following figures were provided by CFOG's Treasurer, Tom Ferguson. Keep in mind that the 1986 figures will include significant charges for depreciation on CFOG's hard assets. The following notes also apply: (1) books are kept on cash basis, so any bill not paid is not reflected in the books; (2) many paid 1985 dues in 1984, but 1986 dues bills did not go out until 1986 so all 1986 dues were paid in 1986. Please also see the President's Message on page 1 for an analysis of these figures.

Year Ending 12-31-85

Income Statement
-------------------------------------------
 Income
Dues                              $5,904.00
Advertising                       $1,220.00
FOG Rebates                         $636.00
Back Issues                          $63.00
Interest                            $461.31
  Total                           $8,284.31

 Expense
PIP - Printing and Postage        $3,398.11
Meetings                          $1,536.38
New Member Costs                    $430.98
Disk Library - RCPM                 $582.59
Depreciation                      $1,958.94
Other                               $238.25
  Total                           $8,145.25
-------------------------------------------
Net Income                          $139.06


Balance Sheet
  Assets
Cash                              $8,340.14
WestWind 35MB Hard Disk           $1,200.00
2 - Osborne 1s                      $600.00
1 - Osborne Executive               $600.00
Design One 10 MB Hard Disk          $500.00
USR Password 1200 bps modem         $125.00
2 - USR Courier 2400 modems         $700.00
Hayes 1200 Smartmodem               $250.00
  Total Assets                   $12,315.14

  Liabilities & Capital
Compumat Prepaid Advertising        $210.00
Prior Period Retained Earnings   $11,966.08
Current Year's Income               $139.06
  Total Liabilities & Capital    $12,315.14


===========================================
Period 1-1 to 7-20 1986

Income Statement
-------------------------------------------
  Income
Dues                              $4,812.00
Advertising                         $250.00
FOG Rebates                         $672.00
Back Issues                            $.00
Interest                            $140.08
  Total                           $5,874.08

  Expense
PIP - Printing and Postage        $1,398.19
Meetings                            $603.77
New Member Costs                     $82.44
Disk Library - RCPM                 $496.23
Depreciation (done 12-31)              $.00
Other                               $225.13
  Total                           $2,805.76
-------------------------------------------
Net Income                        $3,068.32

Balance Sheet
  Assets
Cash                             $10,033.46
2 - WestWind 35MB Hard Disks      $2,575.00
2 - Osborne 1s                      $600.00
1 - Osborne Executive               $600.00
Design One 10 MB Hard Disk          $500.00
USR Password 1200 bps modem         $125.00
2 - USR Courier 2400 modems         $700.00
Hayes 1200 Smartmodem               $250.00
  Total Assets                   $15,383.46

  Liabilities & Capital
Compumat Prepaid Advertising        $210.00
Prior Period Retained Earnings   $12,105.14
Current Year's Income             $3,068.32
  Total Liabilities & Capital    $15,383.46