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.