THIS MONTH I am presenting the Statement of Activities from the 2007 audit report. Items
to note:
Deficiency of Revenue over Expenses from Operations $(1,010,948)
Other Revenue (Expenses) – Net 1,023,208
12,260
The $12,260 is the net loss from operations. The Schedule of Other Revenue (Expenses)-
Net presents the sourses of funds that cover the loss from operations. These funds keep AMA
from having to increase your dues annually.
The complete financial statements may be found on the AMA Web site in the “Members
Only” section.
A-B-C Always Be Courteous. Until later.
Doug Holland
3517 Fernwood Dr.
Raleigh NC 27612
Home: (919) 787-5163
Work: (919) 781-7550
Edition: Model Aviation - 2008/07
Page Numbers: 167
