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CFOG's PIP, December 1987, Volume 6 No. 2, Whole No. 62, page 3
CFOG 1986 Financial Report
[The following financial report is a bit late, coming as it does near the end of 1987. Note that the loss indicated derives completely from depreciation of assets acquired earlier and a small net cash flow was achieved for the period. We hope to have the 1987 financial report shortly. In any event, note that our change of meeting places is intended to reduce the cost of meetings substantially for 1988. The values shown for equipment are estimated market value of the items at December 31, 1986]
Income Statement 01-01-86 to 12-31-86
Income
Membership Revenues $ 5145.93
PIP Advertising Revenues 250.00
FOG Rebates 672.00
Sale of PIP Back Issues
Other Income 244.19
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Total Income 6312.12
Expense
New Membership Related Costs $ 244.89
PIP Related Costs 2721.34
Library Costs 1416.05
Asset Depreciation blur 2430.00
Meeting Expenses 1367.77
Other Expenses 251.63
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Total Expenses 8431.68
Net Income (Loss) 1986 -2119.56
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Balance Sheet at 12-31-86
Cash $ 3595.58
Osborne 1s 400.00
Osborne 2 Exec 450.00
Westwind Hard Disks 2800.00
Televideo Hardware 2050.00
Design One Hard Disk 0.00
3/1200 Modems 300.00
2400 Modems 600.00
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Total Assets $ 10195.58
Compumat Ad Credit Due -210.00
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Net Assets $ 9985.58
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CAPITAL:
Prior Period Retained Earnings 12105.14
Current Period Income (Loss) -2119.56
New Retained Earnings 10195.58
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