TREASURER'S REPORT
NSS VERTICAL SECTION

For Period Beginning December 1, 1996 and ending May 31, 1997

INCOME:
Memberships and Subscriptions (Feb 1, 1997 to Present) .......... $744.50
Memberships and Subscriptions (Aug. 1, 1997 to Jan. 31, 1997) .... 2905.18
Vertical Training Course Sales .............................................. 162.47
Symbolic Item Sales .................................................... 283.50
Vertical Techniques Workshop (96)................................... 540.00
Bank Interest (BB&T)................................ 42.23
Bank Interest (GMAC)......................................................... 146.34
Total Income.......................................... $4824.22

EXPENSES:
Mailing Nylon Highway #41 & 42 ................................................ $374.28
Remail Nylon Highway #41 & 42 ................................ ..................... 40.92
Returns of Nylon Highway #41 & 42 due to improper address .... 250.00
Printing Nylon Highway #41 ................................ 1294.00
Printing Nylon Highway #42 .......................................................... 1456.00
Envelopes and Printing .......................................................... 371.10
Unexplained Check #335 .............................................................. 334.29
Print Craft (Vertical Training Course Printing) ................ 1098.87
UPS (Shipping for Vertical Training Course Printing) .............. 31.24
Vertical Techniques Workshop 97 Gear ..................... 249.50
Reflective Stickers (Symbolic Item ................................................ 920.00
Contest 96 Prizes ........................................... 122.00
Vertical Techniques Workshop 96 Expenses ........................... 216.80
Mug Deposit .................................................... 50.00
NC Sec. Of State (to move principal office) ........................... 5.00
Bank Service Charge ..(too many checks deposited in one month) 10.00
Back Issue Postage ..................................................................... 16.12
Tapes for 1996 Meeting Minutes ................................... 10.23
Total Expenses ..................................................................... $6,850.35

ACCOUNT BALANCES:
Cincinnati (OH) Account ..................................................... $3165.56
Durham (NC) Account ................................................................ 4221.25
Chase Manhattan Bank Symbolic Item Account ............... 1383.00
GMAC Account ................................................................... 372.67
Total Cash on Hand ............................................................. $9142.48

Notes:

  1. Records reflect scans of checks and statements Emailed from Gary Taylor to me on June 20, 1997. With the exception of an unexplained check #335 for $334.29, they appear complete.
  2. We have no Treasurer's Report from last year to present a Previous Balance.
  3. There were the following transfers of funds between Section accounts: $2000 on 8/1 from GMAC to Cincinnati; $500 on 12/21 from Durham to Chase Account; $11.50 on 2/24 from Durham to Chase account; $4000.00 on 3/6 from GMAC to Durham; $100.00 4/8 from Durham to GMAC.
  4. We still owe approximately $1200 for ordered but undelivered mugs.
  5. We still need to remail approximately $60 in Nylon Highway's 41 & 42 returned with the wrong address.
  6. Tray notes that we are completely out of Large and X-Large T-shirts as well as some sizes of sweats. He has several outstanding orders for these shirts. He will reorder in last half of June.
  7. The balance for the Chase Manhattan account is approximate.

 

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