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Profit & Loss Statement 3rd Quarter 2009

Jan - Sep 2009

Ordinary Income/Expense  
  Income  
    GNT Revenue  $2,956.77
    Interest   $1.25
    NAOP Revenue  $1,000.00
    PV Regional Revenues  $39,091.36
    Regional Tournament Fees  $6,273.85
    Scorecard Revenues  $23,494.90
    STAC Receipts $11,521.50
  Total Income  $84,339.63
  Expense  
    Awards  $738.50
    Bank Service Charges $21.50
    GNT Subsidy $4,000.00
    Miscellaneous $20.00
    NAOP Expenses  $246.00
    PV Regional Expenses  $34,591.36
    Scorecard Expenses  
      Postage  $7,630.66
      Printing  $7,797.77
      Salary  $11,103.95
    Total Scorecard Expenses  $26,532.38
    STAC Expenses  $9,869.40
    Web Hosting  $190.80
  Total Expense  $76,209.94
Net Ordinary Income  $8,129.69
Net Income  $8,129.69

Balance Sheet 3rd Quarter 2009

Accrual Basis as of September 1, 2009

ASSETS  
    Checking/Savings  
      1.25% CD mat 1/13/10 $5,000.00
      1.75% CD mat 7/13/10 $5,000.00
      JP Morgan Chase $158.70
      Money Market $8,573.83
      Scorecard Bank Account $11,791.65
    Total Checking/Savings  $30,524.18
    Other Current Assets  
      Accounts Receivable - Scorecard  $6,857.00
      Pre-paid Web Hosting  $204.61
      PV hotel deposit  $1,000.00
    Total Other Current Assets  $8,061.61
  Total Current Assets  $38,585.79
TOTAL ASSETS  $38,585.79
LIABILITIES & EQUITY  
  Liabilities    
    Current Liabilities  
      Other Current Liabilities  
        Accounts Payable - Scorecard  $5,420.09
        NABC Surcharge $772.00
      Total Other Current Liabilities  $6,192.09
    Total Current Liabilities  $6,192.09
  Total Liabilities  $6,192.09
  Equity      
    Opening Bal Equity  $14,892.77
    Retained Earnings  $9,371.24
    Net Income  $8,129.69
  Total Equity  $32,393.70
TOTAL LIABILITIES & EQUITY  $38,585.79