MITOC Financial Report
Hi all,

Below is a breakdown of MITOC's income and expenses for the period 3/1/93-
3/1/95 by type.

Income:

Camping  gear rental                    4702.89
Climbing gear rental                    1054.50
Boating  gear rental                    1033.00
Book sales                              8656.35
Camelot rental                          3804.00
Intervale rental                          98.00
Membership                              2118.52
Circus + Winter School                  2732.00
Other Trips                              683.00
Gear Orders                             2987.70
Miscellaneous/unknown                   6578.48
Insurance                              40000.00
Savings Interest                        1390.47

Total Income 3/1/93--3/1/95            75838.91


Expenses

Office                                  1522.47
Intervale (property-related)            2497.60
Camelot                                 5878.55
Activities (Circus, WS, other...)       3308.96
Equipment                              12106.52
Yurt Construction                       2866.23
Cabin Construction                     13753.36
Bank fees                                248.52
Reimbursements/miscellaneous            2187.36
                            
Total Expenses 3/1/93--3/1/95          44369.57


Bank Account Balances

                             3/1/93                3/1/95

Checking                     117.22              2 196.09
Savings                   10 186.30             39 576.77



Notes: 

   1.  The continuity equation is satisfied:

       {change in total of bank balances} = net income - net expense

       Ledger sheets and checkbook available for inspection in MITOC office

   2.  What would have happened if Intervale II hadn't burned down?
       Subtract $40 000     from income (the insurance payoff)
       Subtract $16 619.59  from expenses (the cost of building cabin and 
yurt)
       get {net increase in bank balances} = 8088.93

   3.  These numbers differ somewhat from numbers reported in minutes 
because
          a.  these are 3/1 to 3/1; those were 3/15 to 3/15
          b.  my 1.5 out of 10 rating on visual aid organization at BOD 
meeting

       These numbers are to be taken as definitive.

Any questions on the above (or theories about why are there 8 towers on the
Longfellow Bridge) should be directed to nemesis@athena.mit.edu.

Jim Reardon
Outgoing MITOC Treasurer
nemesis@athena.mit.edu




