Balance Sheet
             
    1997 1998 Change
Current Assets          
11000 Cash on Hand $ -   $ -   $ -
11110 Main Checking 2,049.10   2,720.29   671.19
11120 Food Checking -   -   -
13200 Res: Ins & Taxes (164115) 229.94   4,132.08   3,902.14
13400 Res: Replacement (164126) 3,145.47   6,492.94   3,347.47
13500 Reserve for Patron Div -   -   -
13600 Reserve for Vacancies 1,513.18   280.22   (1,232.96)
14100 Accounts Receivable 50.00   455.00   405.00
14900 Allowance for Bad Debts -   -   -
15200 Prepaid Insurance -   -   -
15300 Prepaid Taxes -   -   -
15400 Escrow 321.19   -   (321.19)
      $ 7,308.88   $14,080.53 $ 6,771.65
Fixed Assets          
17100 Structural Assets $ 85,618.89   $ 85,618.89   $ -
17190 Acc. Deprec: Structural (58,336.41) $27,282.48 (61,672.62) $23,946.27 (3,336.21)
17200 Furniture & Equipment 5,285.66   5,285.66   -
17290 Acc. Deprec: F & E (5,030.92) $ 254.74 (5,189.06) $ 96.60 (158.14)
18000 Real Estate   20,000.00   20,000.00 -
             
Other Assets          
19100 NCB Membership Stock   $11,621.90   $12,213.94 $ 592.04
             
Total Assets   $66,468.00   $70,337.34 $ 3,869.34
             
 
Liabilities          
22100 A/P: Trade $ -   $ -   $ -
22200 A/P: Former Members -   183.52   183.52
24100 Real Estate Taxes Payable -   4,924.42   4,924.42
24400 Interest Payable -   -   -
29100 N/P: NCB 49,910.57   45,477.24   (4,433.33)
29600 Member Loans -   -   -
      $49,910.57   $50,585.18 $ 674.61
Surplus          
31000 Member Equity Deposits 1,600.00   1,400.00   (200.00)
31300 Paid in Excess 3,089.00   3,089.00   -
32000 Retained Earnings 5,447.61   8,704.94   3,257.33
36500 Reserve for Patronage Div 3,163.49   2,979.02   (184.47)
  Current Surplus 3,257.33   3,579.20   321.87
      $16,557.43   $19,752.16 $ 3,194.73
             
Total Liabilities & Surplus   $66,468.00   $70,337.34 $ 3,869.34
             
             
Statement of Surplus from Current Operations
             
    1997 1998 Change
             
Revenues          
41100 Member Assessments $ 42,681.56   $ 39,427.76   $ (3,253.80)
41400 Member Interest -   -   -
41500 Other Member Revenue -   -   -
41600 Phone, Cable 160.07   -   (160.07)
42100 Non-member Interest 234.41   178.83   (55.58)
45000 Miscellaneous Revenue -   -   -
81000 Dividends Received 1,079.95   1,667.29   587.34
82000 Donations Received -   374.51   374.51
      $44,155.99   $41,648.39 $ (2,507.60)
Variable Expenses          
51120 Food Expenses $ 12,862.93   $ 12,999.95   $ 137.02
51130 Household Maintenance 2,004.73   1,593.43   (411.30)
51140 Vegetable Garden Expenses -   204.27   204.27
51310 Southwestern Bell 802.67   788.21   (14.46)
51320 Long Distance Telephone -   133.11   133.11
51610 Natural Gas 579.32   840.77   261.45
51620 Electricity and Water 3,302.55   2,759.18   (543.37)
51630 Other Utility -   2.00   2.00
51800 Member Education -   -   -
51900 Entertainment 274.06   -   (274.06)
51950 Cable -   -   -
      $19,826.26   $19,320.92 $ (505.34)
Overhead          
63200 Bookkeeping Services $ 1,120.00   $ 1,200.00   $ 80.00
63300 Subscriptions 58.00   284.11   226.11
63400 Membership Marketing 607.65   162.36   (445.29)
63500 Miscellaneous Overhead 81.00   -   (81.00)
63600 Phone Rent: AT&T -   -   -
63700 Bank Charges 122.70   64.10   (58.60)
63900 Office Supplies 256.17   64.00   (192.17)
      $ 2,245.52   $ 1,774.57 $ (470.95)
Maintenance          
65100 Heat & A/C Maintenance $ -   $ -   $ -
65110 Plumbing Maintenance 1,687.20   389.63   (1,297.57)
65120 Electrical Maintenance 68.00   -   (68.00)
65150 Maintenance Supplies 669.73   -   (669.73)
65200 Grounds Maintenance 116.75   447.13   330.38
65300 Appliance Maintenance 1,844.46   460.65   (1,383.81)
65400 Structural Repairs 95.55   -   (95.55)
65600 Paint & Decoration 53.72   152.43   98.71
65900 Miscellaneous Maintenance 148.73   1,217.27   1,068.54
      $ 4,684.14   $ 2,667.11 $ (2,017.03)
             
             
             
    1997 1998 Change
Capital Expenditures          
67100 Real Estate Taxes $ 3,983.64   $ 4,924.42   $ 940.78
67200 Property Insurance 1,086.75   892.51   (194.24)
68200 Interest Expense 5,432.43   4,995.31   (437.12)
68500 Capital Depreciation 3,639.92   3,494.35   (145.57)
      $14,142.74   $14,306.59 $ 163.85
             
Total Expenses   $40,898.66   $38,069.19 $ (2,829.47)
             
Net Current Surplus   $ 3,257.33   $ 3,579.20 $ 321.87
             
Expenditures from Surplus          
             
75000 Patronage Dividends   -   184.47 184.47
             

Last Updated on 8/11/99
By James Martin