Treasurer's Report for the Annual Meeting
Presented October 18,2010
To the Membership:
By clicking the links on the right you will find the following items:
I. Financial Highlights
II. Goodman and Company Financial Statement
III. Analysis of Cash Flow - Actual vs. Budget vs. Prior Year
IV. Credit Facilities: Instruments of credit available and in use
V. LNSRC Financial Rules & Protocol
Financial Highlights
~ Dues income up 2.5% in 2010 over 2009
~ Operating expenses down 14% in 2010 over 2009
~ Members equity interest increased $20,400 (net) in 2010 over 2009
~ Tennis Court renovation (of courts 6, 7 and 8) $10,000 under budget
~ Reduced non-manager wages by 18.3% in 2010 from 2009
~ Long-term debt reduced by $61,498 since the last annual membership meeting
~ End of calendar year cash position anticipated to be stronger than expected
~ $92,722 in the combined bank account balances as of 9/30/2010
Treasurer's Report for the Annual Meeting
Presented October 18,2010
To the Membership:
By clicking the links on the right you will find the following items:
I. Financial Highlights
II. Goodman and Company Financial Statement
III. Analysis of Cash Flow - Actual vs. Budget vs. Prior Year
IV. Credit Facilities: Instruments of credit available and in use
V. LNSRC Financial Rules & Protocol
Financial Highlights
~ Dues income up 2.5% in 2010 over 2009~ Operating expenses down 14% in 2010 over 2009
~ Members equity interest increased $20,400 (net) in 2010 over 2009
~ Tennis Court renovation (of courts 6, 7 and 8) $10,000 under budget
~ Reduced non-manager wages by 18.3% in 2010 from 2009
~ Long-term debt reduced by $61,498 since the last annual membership meeting
~ End of calendar year cash position anticipated to be stronger than expected
~ $92,722 in the combined bank account balances as of 9/30/2010