May 31, 2010:
Assets: $4,548,011.44
Liabilities: $6,216,502.72
Net Assets: ($1,668,491.28)
August 31, 2010:
Assets: $4,107,513.150
Liabilities: $5,805,550.50
Net Assets: ($1,698,037.35)
Looks like the trend in Net Assets going in the wrong direction is slowing, but not reversed yet. On the other hand, there are significant once-a-year costs associated with the Annual Gathering and as near as I can tell from my monthly financial reports, the income from the AG has not been booked yet.
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