Skyline Soaring Club

“Expenses discus n325ad expenses 3,080 equipment maintenance exp 367 insurance expense 32,593 ssa dues 5,443 husky towplane expenses 11,881 merchandise 313 misc expenses 298 pawnee towplane expenses 20,638 discus 9y expense 1,601 pw 5 expenses 1,124 sgs 1 36 expenses 23 n34 1ks expenses 9,189 field & hangar exp 700 admin expenses 3,091 close refund account 78 qb payments fees 25 other expenses 1,094 non-investment depreciation 8,873 total 100,411”

“Bad debts -4,282 correction of fixed asset cost and a/d -116,362 change in cash -1,013 misc asset balance corrections -30 change in liabilities -140”

“Pawnee n424by 10,000 363,886 husky 25,000 0 ask21 n325ad 44,109 0 discus n6058s 9y 17,500 0 discus n325ad fw 17,500 0 pw 5 n505cc 18,500 0 less accumulated depreciation 0 352,714 total 132,609 11,172”

“Truist credit card payable 0 1,986”

“Soaring club. Approximately 100 members. Provide environment (equipment, organization) to members who wish to participate in the sport of soaring.”

“Skyline soaring is a club dedicated to providing training and access to the sport of flying gliders. Based out of front royal, virginia, the club has approximately 100 members. Approximately 1/3 of membership is composed of students with the remainder being certified glider pilots. Training for students is provided at the cost of the use of gliders and two fees. No charges are made for instruction. Training is rigorous and set according to a club standard syllabus. Each member is required to attend the annual safety meeting presented prior to the first day of operations each year. Two (2) weeks of training were held to provide student members concentrated training efforts to enhance their progress toward private pilot certifications.”