December 2004 Financial Statement Year to Date (YTD) As of December 31, 2004


INCOME      
Advertising Income 175.00
Interest Income 0.51
Local Membership Income 1,079.00
Luncheon Income 2,734.00
National Membership Income 360.00
Showcase Advertising* 100.00
Showcase Exhibitors* 1,100.00
Showcase Presenters* 200.00
Total Income 5,748.51
           
EXPENSES      
Bank Charges 26.00
Box Rent 44.00
Chamber of Commerce Membership 295.00
Chapter Billing Service 83.00
Chapter Meetings 2,306.22
Check Printing 56.43
Gift to Presenter 50.00
Huntsville Assoc. of Technical Societies Membership 25.00
Leadership Conference 1,089.00
Marketing 164.58
Newsletter 380.77
Office Supplies 14.34
Officer Memberships 200.00
Telephone 429.26
Web Page 100.35
Total Expenses 3,961.81

YTD Net Gain for December** was $484.56.

* The total amount of these three categories is correct; however, the categorization may be incorrect. I am working to resolve this issue.

** This is also the net gain for the entire calendar year of 2004. This net gain is the result of income for our showcase that will be conducted in January 2005. If we subtract the showcase income, we have a net loss for 2004 of $915.44.

Abbreviated Balance Sheet  
Current checkbook balance in Regions Bank Account $3,133.02
Petty Cash 60.00
Accounts Payable (Showcase Advertising) 20.00
Total Significant Assets $3,213.02


Prepared by John Hightower, 2004 Treasurer.