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Massachusetts Chess Association |
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General Fund Income Statement |
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August, 2002 |
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This Period |
Year to Date |
Year to Date |
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This Year |
Last Year |
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Income: |
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Memberships and subscriptions |
$63.75 |
$431.20 |
$338.00 |
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Chess Horizons ad revenue |
$89.59 |
$179.17 |
$477.00 |
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Chess Horizons sales |
$94.80 |
$114.80 |
$49.40 |
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Sale of donated books |
$0.00 |
$0.00 |
$36.00 |
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Interest |
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$23.20 |
$37.99 |
$33.96 |
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Dividends |
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$267.27 |
$267.27 |
$261.52 |
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Miscellaneous income |
$44.31 |
$44.31 |
$0.00 |
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Total income |
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$582.92 |
$1,074.74 |
$1,195.88 |
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Expenses: |
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Chess Horizons |
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$1,158.36 |
$2,316.72 |
$2,428.22 |
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Adult tournaments |
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$0.00 |
$0.00 |
$6.44 |
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Administrative expenses |
$16.00 |
$29.49 |
$28.52 |
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Bad debts |
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$0.00 |
$250.00 |
$0.00 |
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Total expenses |
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$1,174.36 |
$2,596.21 |
$2,463.18 |
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Net income (loss) |
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($591.44) |
($1,521.47) |
($1,267.30) |
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Massachusetts Chess Association |
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Special Funds Income Statement |
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August, 2002 |
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Income: |
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Life Membership Fund |
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$1.03 |
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Realized capital gains |
$1.03 |
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Living Memorial Chess Fund |
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$188.73 |
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Interest |
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$1.33 |
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Dividends |
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$71.40 |
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Donations |
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$116.00 |
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Comeau Fund, Interest |
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$1.03 |
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Hurvitz Fund, Interest |
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$4.25 |
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Interest |
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$4.25 |
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Prison Chess Fund |
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$60.87 |
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Interest |
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$0.87 |
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Donations |
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$60.00 |
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Total income |
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$255.91 |
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Expenses: |
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FY03, Transfer to General Fund |
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$19.75 |
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Living Memorial Chess Fund |
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$300.00 |
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Player travel (Denker tournament) |
$300.00 |
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Prison Chess Fund |
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$8.00 |
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Chess Horizons subscriptions |
$8.00 |
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Capital Equipment Fund, Depreciation expense |
$14.54 |
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Total expenses |
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$342.29 |
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Net income (loss) |
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($86.38) |
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Life Membership Fund |
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$1.03 |
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Future Year Membership Fund |
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($19.75) |
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Living Memorial Chess Fund |
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($111.27) |
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Comeau Fund |
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$1.03 |
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Hurvitz Fund, Interest |
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$4.25 |
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Prison Chess Fund |
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$52.87 |
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Capital Equipment Fund |
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($14.54) |
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Massachusetts Chess Association |
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Statement of Changes in Fund Balances |
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July, 2002 |
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Fund balance |
Plus: |
Plus: |
Fund balance |
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7-1-2002 |
Net Income |
Unrealized gain |
7-31-2002 |
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General Fund |
$8,593.86 |
($591.44) |
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$8,002.42 |
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Life Membership Fund |
$28,783.92 |
$1.03 |
($253.63) |
$28,531.32 |
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Future Year memberships: |
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FY03 |
$217.25 |
($19.75) |
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$197.50 |
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FY04 |
$62.00 |
$0.00 |
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$62.00 |
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FY05 |
$12.00 |
$0.00 |
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$12.00 |
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Living Memorial Chess Fund |
$13,622.02 |
($111.27) |
$0.00 |
$13,510.75 |
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Comeau Fund |
$843.61 |
$1.03 |
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$844.64 |
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Hurvitz Fund, Principal |
$3,625.00 |
$0.00 |
$0.00 |
$3,625.00 |
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Hurvitz Fund, Interest |
$1,299.34 |
$4.25 |
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$1,303.59 |
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Prison Chess Fund |
$650.22 |
$52.87 |
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$703.09 |
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Capital Equipment Fund |
$701.92 |
($14.54) |
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$687.38 |
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Total fund balances |
$58,411.14 |
($677.82) |
($253.63) |
$57,479.69 |
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Massachusetts Chess Association |
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Balance Sheet |
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As of August 31st 2002 |
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ASSETS: |
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Cash in savings, Citizens Bank, N.H. |
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$18,408.00 |
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General Fund |
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$5,404.33 |
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Life Membership Fund |
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$6,899.05 |
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Future Year Membership Fund |
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$271.50 |
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Living Memorial Chess Fund |
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$975.75 |
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Comeau Fund |
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$844.64 |
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Hurvitz Fund, Principal |
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$2,125.00 |
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Hurvitz Fund, Interest |
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$1,184.64 |
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Prison Chess Fund |
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$703.09 |
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Cash in checking, Citizens Bank, N.H. (General Fund) |
($309.18) |
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Cash at Berthel Fisher |
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$5,592.03 |
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General Fund |
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$658.31 |
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Hurvitz Fund, Interest |
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$118.95 |
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Life Membership Fund |
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$4,693.00 |
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Living Memorial Chess Fund |
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$121.77 |
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Long term investments |
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$31,913.30 |
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Life Membership Fund |
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$18,000.07 |
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Living Memorial Chess Fund |
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$12,413.23 |
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Hurvitz Fund, Principal |
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$1,500.00 |
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Decline to market on long term investments |
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($1,060.80) |
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Life Membership Fund |
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($1,060.80) |
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Advertising revenue receivable |
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$1,182.75 |
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Other accounts receivable |
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$296.18 |
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Prepaid expenses |
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$1,173.36 |
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Capital equipment less depreciation |
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$687.38 |
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Computer equipment |
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$700.00 |
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Computer software |
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$103.95 |
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Accumulated depreciation |
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($116.57) |
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Total assets: |
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$57,883.02 |
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Massachusetts Chess Association |
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Balance Sheet |
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As of August 31st 2002 |
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LIABILITIES: |
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Accounts payable |
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$7.50 |
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Unearned advertising revenue |
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$370.83 |
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Reserve for tournament expenses |
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$25.00 |
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Total liabilities |
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$403.33 |
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FUND BALANCES: |
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General Fund |
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$8,002.42 |
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Life Membership Fund |
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$28,531.32 |
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Future Year Membership Fund |
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$271.50 |
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FY03 |
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$197.50 |
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FY04 |
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$62.00 |
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FY05 |
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$12.00 |
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Living Memorial Chess Fund |
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$13,510.75 |
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Comeau Fund |
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$844.64 |
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Hurvitz Fund, Principal |
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$3,625.00 |
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Hurvitz Fund, Interest |
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$1,303.59 |
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Prison Chess Fund |
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$703.09 |
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Capital Equipment Fund |
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$687.38 |
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Total fund balances |
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$57,479.69 |
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Total liabilities and fund balances |
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$57,883.02 |
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