The following is the report based on this audit.  The records for the TOW club were found to be in order with all receipts matching the revenues and the expenditures in all areas with the exception of two deposits made into the checking account with two checks being written from this account.  These checks were made payable to a member/officer of the club, and then deposited into the club account, and checks then written to this member/officer.  This is an unusual occurrence for any non profit organization.  It is highly recommended that this not happen again, as it raises questions of legality.  

 

Auditors Report 2007 Continued

There were 39 Deposits totaling $21,386.99.  The following is the break down on where this money was used/spent:

1.      1 Transaction for advertising for $60.00

2.      13 transactions for Business Expenses totaling $ 1,433.24

3.      1 transaction for Community Service for $72.70

4.      2 transactions for donations totaling $350.00

5.      9 transactions for events totaling $521.13

6.      2 transactions for legal services totaling $112.50

7.      21 transactions for mailings/postage totaling $895.86

8.      20 transactions for memberships totaling $13,699.00

9.      2 transactions for mileage totaling $585.00

10.    1 transaction for operating expenses for $44.00

11.    9 transactions  for supplies totaling $702.83

12.    5 transactions for trail maintenance totaling $621.01

13.    3 transactions for money transfer to savings totaling $2,200.00

TOTAL FOR EXPENDTITURES
$ 21,297.27