2013 February Cloudbouncer

Albuquerque Aerostat Ascension Association AAAA Education Foundation Treasurer’s Report December 31, 2012 COMMENTS: Both entities, the Club & the Foundation are doing better than at this time last year.

As I told you last month we will see membership activity in January and Friends & Lovers in February, both of which will have a significant positive effect on our financial position.

CASH: Cash on hand December 31, 2012 in the Education Foundation was $45,625, an approximate decrease of 1% from November 30, 2012, and The AAAA Club cash was $14,603, an approximate 1% decrease from November 30, 2012.

INCOME STATEMENT: At the end of December we were showing an excess of expenses over revenues of $153 in the Education Foundation an approximate decrease of 111% from November 30, 2012. Excess expenses over revenues in the AAAA club were $3,062, an approximate increase of 18% over the same period.

Closing Comments: You will find in this issue of the CloudBouncer a one page summary of both the Education Foundation and the AAAA Club Statement of Receipts and Disbursements with Budget Comparison along with illustrative Pie Charts, which I hope you will take the time to review. I welcome any questions, comments, or thoughts for improvement.

Dick Rice Treasurer Treasurer@hotairballooning.org