Police Unity Tour Chapter Two

“Description: donation - police unity tour, inc.. Amount: 215,600. Description: depreciation. Amount: 14,496. Description: meeting expenses. Amount: 4,342. Description: insurance. Amount: 11,369. Description: office expenses. Amount: 3,481. Description: police unity tour uniforms. Amount: 10,636. Description: repairs & maintenance. Amount: 225. Description: telephone. Amount: 5,647. Description: tour expenses. Amount: 9,265. Description: travel expenses. Amount: 1,846. Description: interest expense. Amount: 91. Description: other charitable donations. Amount: 1,900. Total to form 990-ez, line 16: 278,898.”

“Description: prior period adjustment - change in method of accounting. Amount: 215,600.”

“The modified cash basis is a method that combines elements of the two major bookkeeping practices: cash and accrual accounting. It seeks to get the best of both worlds, recording sales and expenses for long-term assets on an accrual basis and those of short-term assets on a cash basis. The goal is to provide a clearer financial picture without dealing with the costs of switching to full-blown accrual accounting.”

“Description: other depreciable assets. Beg. Of year amount: 54,682. End of year amount: 40,184.”

“Description: accounts payable. Beg. Of year amount: 215,600. End of year amount: 0. Description: note payable. Beg. Of year amount: 6,003. End of year amount: 0.”