| Return Reference | Explanation |
|---|---|
| Part I, line 8 | | Other Revenues:, Amount:| N5272R flight time = 24070; fixed expenses $85 month per member = 32640; N38PD flight time = 30125; Less fuel paid by members = 11483, $75352| |
| Part I, line 16 | | Other Expenses:, Amount:| Capital Improvements, $59132| Refunds, $5030| Fuel by club, $11777| Insurance, $22134| Club expenses including plane washes, $489| |
| Part II, line 24 | | Explanation:, BOYAmount:, EOYAmount:| N5272R, $109000, $109000| N38PD, $240000, $240000| Accounts Receivable, $53254, $13543| |
| Part II, line 26 | | Explanation:, BOYAmount:, EOYAmount:| Accounts Payable and Accrued Expenses, $7869, $0| Bond owed to active members, $81600, $81600| Engine Sinking Fund, $58672, $40401| Owed to inactive members and waitlisted potential members, $55838, $41263| |
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