The amount I am starting off my term with is the actual amount shown by the bank on August 13 plus the petty cash on hand. This amount is $1042.52 which, as I said last month is slightly more than the unaudited amount shown at the end of the last report. However that amount probably did not include the petty cash, which I will be including.

The reason I will be including the petty cash is that it makes my job easier because I just take the real balance shown on the latest statement by the bank, add the transactions that have cleared but not yet made the statement, add the petty cash and cheques on hand and compare to the ledger in the database. These two numbers should be identical and this allows me to audit myself every month and give you a truly current report.

This report recovers from the excess of expenses on the last report because the transaction to transfer WWPUG's funding of the weather station has hit the books, a fair number of membership renewals were received and the 1999 fleamarket revenue split has been received. So the closing balance looks quite good but we need a fair chunk of change because there is some expensive repeater antenna work going on and the club's insurance comes up for renewal soon. Also, since most of our memberships still renew in the fall, so we need to have a healthy balance by Christmas so that we can coast (hopefully not below 0, hi hi) until the next influx of renewals in the next fiscal year.

Here's a word about why you may see a delay between the time you send in or give me your membership cheque and when it clears your account. Our accounts are business accounts and the bank charges for each transaction - even deposits. In order to keep as much of our money in our own accounts and not the bank's as possible (like they really need it), I will usually be making only one deposit a month, typically on the Wednesday following the club meeting.

de Dave VA3DGS, Treasurer, KWARC Inc.

Account summary since 08/13/1999 till 09/26/1999