Executive Vice President
Doug Holland; [email protected]
I HAVE received the Statement of Activities for 2006 and it shows an increase in net assets of $317,063. To you tax-paying people, that's a profit but to a (c)3 group, that's excess of revenue over expenses. I will have more information on this statement next month.
By the time you read this, the audit report will be available on the AMA Web site. As in the past, I will present the statements and a few comments each month.
Thought for the day: the two hardest things to handle in life are failure and success.
A-B-C Always Be Courteous.
Until later ... Doug Holland
Transcribed from original scans by AI. Minor OCR errors may remain.
