Crawling out of the Hole Part 3

(from the Statement of Financial Positions sent to the AMC each month)


January 31, 2010:
    Assets: $3,815,135.89
    Liabilities: $5,400,791.25
    Net Assets: ($1,585,655.36)

February 28, 2010:
    Assets: $4,165,855.03
    Liabilities: $5,737,325
    Net Assets: ($1,571,470.78)

Let me re-emphasize that this time of year is really goofy looking on paper, since we have huge inflows of dues revenue and thus the liabilities for multi-year memberships also leaps.

Remember, those liabilities are not bills we haven't paid, but rather accounting  necessities for future services owed to multi-year members.

All that said, AML is still slowly inching towards positive.