Prince William Crew Association Inc.

“Oper (rental fees for participation) = 27571; prog registration fees = 78152”

“Operations membership dues (dock fees) = 27526”

“Refunds to operation account $13.17”

“Accounting = 750; payroll accounting fees= 491”

“Oper lease on dock = 24896.64; oper utilities and security = 5396; prog repairs = 793”

“Oper: bank fees = 12; insurance = 7135; safety = 206; virginia scc = 25. Program: celebratory items = 1590; fuel = 337; regatta participation = 8635; sublease boats, launches, racks = 13333; uniforms = 7825”

“Adjustment for 1607 likely caused by the change in the accounting system. There were transfers from operations to program and program to operations which could not be identified.”

“Program end of year account balance = 20805.29; operations end of year balance = 7392.30; savings (accrual money market) end of year balance = 48111.39”

“Irs payroll liability check written in june and not cleared the bank by june 30.”

“Expenses to operate the programs for prince william crew: boat, launch, and rack sub-lease = 13333; regatta competitions = 8635; salaries and payroll expenses = 36920; and uniforms = 7825; for a total of 66712”

“Pw crew has adjusted its internal structure. They have added a program coordinator who handles only the program elements of the pw crew organiztion. Operations income and expenses is handled by the treasurer. The treasurer is the final authority on pw crew financial matters.”

“Pw crew has been paying a loan for a dock that they use. The county owns the dock as of this preparation. Therefore, the loan payments have been treated as a line 14 expenses as if it were a lease payment. For the sake of consistency, i have also treated it as a lease payment. If the county deeds the dock to the pw crew organization, it will be added to the assets and no depreciation will be claimed. Cka”