Treasurer’s Report

by Michael Mitrano, Treasurer

New memberships and renewals have tapered off, but hopefully the summer public nights will bring us more new members. Our count now stands at 88.

With the purchase of additional equipment to improve the observatory, we are now showing a $1,300 loss for the fiscal year to date. Since we account for the cost of new equipment when it is purchased rather than using accrual accounting to depreciate it over time, we will show a loss in a year when we use some of our reserves to invest in the facility.

On a cumulative basis, the AAAP’s surplus is slightly below $24 thousand.

This entry was posted in June 2015, Sidereal Times and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s