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RCPOA Financial Report For the Years 2002-2004 - 3 Year Recap

TREASURER'S REPORT OF FINANCIAL RESULTS

FOR THE YEARS ENDED DECEMBER 31, 2004, 2003 AND 2002

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CASH SUMMARY AT JANUARY 1: 2004 2003 2002
Wells Fargo Bank (Checking Account) $ 1,083.33 $ 1,227.17 $ 46.86
Dreyfus Liquid Assets, Inc. (Money Market) $ 3,455.04 $ 4,554.41 $ 7,469.07
Washington Mutual Certificate of Deposit (Note 3) $ 23,672.12 $ 23,052.95 $ 22,147.44
TOTAL CASH AT JANUARY 1 $ 28,210.49 $ 28,834.53 $ 29,663.37
 
INCOME
Interest Income-Washington Mutual Certificate of Deposit ( Note 3) $ 497.15 $ 619.17 $ 905.51
Dividend Income-Dreyfus Liquid Assets, Inc. $ 24.95 $ 24.35 $ 105.34
Membership Dues (Note 1) $ 1,185.00 $ 1,455.00 $ 2,655.00
Advance Payment of Membership Dues (Note 2) $ 2,505.00 $ 2,010.00 $ 1,335.00
Advance Payment of Annual Meeting (2/1/03) Reservations $ 570.00 $ 450.00 $ 480.00
Donations-Individuals $ 60.00 $ 15.00
Less: Winter Meeting Reservations Received in 2002 (Included in Loss) $ (450.00) $ (480.00)
TOTAL INCOME $ 4,332.10 $ 4,138.52 $ 5,495.85
 
EXPENSES
Stationary and Printing $ 1,579.88 $ 1,663.53 $ 1,239.80
Postage $ 706.30 $ 732.91 $ 754.50
Annual Winter Meeting loss $ 298.65 $ 216.49 $ 295.01
Summer Dumpster Rental $ 700.51
Post Office Box Rental and Key $ 48.00 $ 48.00 $ 48.00
Glendale Homeowners Coordinating Council-Annual Dues $ 35.00 $ 35.00 $ 35.00
Glendale Homeowners Coordinating Council-Meeting Refreshments $ 21.30 $ 28.23 $ 9.88
State of California Filing Fees $ 20.00
Contribution-Friends of The Glendale Public Library $ 250.00 $ 250.00 $ 250.00
Board of Directors Appreciation $ 367.21 $ 323.33 $ 421.80
Glendale Community College Scholarship (Recipients: See Note 5) $ 1,000.00 $ 2,000.00
Contribution to The Glendale Historical Society $ 25.00 $ 25.00 $ 25.00
Miscellaneous Expenses $ 14.50
Contribution-Deer Canyon Oakmont / Glendale Coordinating Council Candidate Forum $ 82.89
Nature Guided Tour of Royal Canyon $ 50.00
TOTAL EXPENSES $ 7,760.62 $ 8,421.08 $ 11,750.54
 
CASH ACCOUNT SUMMARY AT DECEMBER 31:
Wells Fargo Bank (Checking Account) $ 2,207.69 $ 1,083.33 $ 1,227.17
Dreyfus Liquid Assets, Inc. (Money Market) $ 2,737.11 $ 3,455.04 $ 4,554.41
Washington Mutual Certificate of Deposit (Note 3) $ 24,169.27 $ 23,672.12 $ 23,052.95
TOTAL CASH AT DECEMBER 31 $ 29,114.07 $ 28,210.49 $ 28,834.53
 
Notes:
1. Total paid members: 186 185 203
2. Advance Payment of Dues: 132 134 89
3. Certificate of Deposit is dated 6-19-03, term 36 months, interest rate 2.08%
4. The increase (decrease) in Cash was: $ 902.58 $ (624.04) $ (828.84)
5. Glendale Community College Scholarship Recipients:
    2001 (Awarded January 2002): Roxana Dawidowski & Ani Garibyan
    2002: Jorge Luis Ramirez & Tatevik Bedzhanyan
    2003: Verzhinne Trdatyan & Aiven Thorodesian

Richard B. Lee, Treasurer
February 5, 2005


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