Silver Beach Improvement Association Inc

“Expenses liability insurance 11,702 workers compensation 1,243 real estate taxes 2,551 beach expense 2,471 licenses and permits 165 membership expense 21 utilities 82 office expense 1,588 program services expense 16,727 repairs and replacements 8,944 bank fees 1,861 equipment supplies 455 donations 554 payroll service 679 mooring fee 100 interest expense 4,719 security patrol 4,086 other 489 meals - 50% 358 non-investment depreciation 9,261 total 68,056”

“50% MEALS -359”

“Tennis ct 0 185,228 less accumulated depreciation 0 9,261 total 0 175,967”

“Line of credit 79,000 54,000”

“To maintain beach, provide lifeguards, swim lessons, maintain tennis court, conduct children's social events including movies, cookouts, arts and crafts, dances etc., periodic membership meetings and social events to improve silver beach.”

“Periodic meetings and social events are provided to members for a nominal fee. The events further the organizations exempt purpose by keeping members informed of beach services and children's activities including swim lessons, arts and crafts and water safety procedures. Association logo hats and shirts, primarily for children, are sold at a nominal cost to further goodwill and encourage membership participation. Events include movies, cookouts, children dances, games and other events open to all association members and families. All proceeds are used to maintain beach and tennis courts.”