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
                                 ---------
  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
                                 ---------
  Total Expenses                   8431.68

  Net Income (Loss) 1986          -2119.56
                                 =========
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
                                ----------
  Total Assets                  $ 10195.58
Compumat Ad Credit Due             -210.00
                                ----------
  Net Assets                    $  9985.58
                                ==========

CAPITAL:
Prior Period Retained Earnings    12105.14
Current Period Income (Loss)      -2119.56
New Retained Earnings             10195.58
                                  ========