Crawling out of the Hole Part 5

April 30, 2010:

    Assets: $4,743,340.90

    Liabilities: $6,449,221.35

    Net Assets: ($1,705,880.45)

May 31, 2010:

    Assets: $4,548,011.44

    Liabilities: $6,216,502.72

    Net Assets: ($1,668,491.28)

Ok, so this is interesting and backs up what I was told about having to pay some hefty once-a-year expenses early in our fiscal year and having to kind re-set the monthly accounting transfer of multi-years' dues from liabilities to assets before returning back to the healthy trend of improving the Net Assets line. You’ll notice that in a month, our Assets went down significantly, but our Liabilities also went down—further. And now we’re back on the crawling-out-of-the-hole trend to the tune of ~$37K.