Central Oklahoma Aviators Flying Club

“Usage fees and upgrades 57,286 cc surcharge 1,126 late fees 265 total 58,677”

“Expenses director/officer insurance 1,131 insurance 11,199 bank charges 2,885 cfi instruction 720 computer/software expense 1,009 dues and subscriptions 50 fuel expense 255 avaiation database 1,678 hangar supplies 1,806 repairs and maintenance 40,818 non-investment depreciation 23,558 total 85,109”

“Beginning equity account 29,954”

“Airplanes 0 147,825 less accumulated depreciation 0 112,488 total 0 35,337”

“Mortgage and other notes payable 0 46,801”

“The club will provide affordable, clean, well-maintained aircraft for the club members' use. As safety is a priority, all maintenance concerns will be addressed immediately.”

“The coa flying club has purchased 2 airplanes and is an equity based club of 20 members. The members have to a minimum hold a private pilots certificate and are able to fly both airplanes. Coa collects fees from the members for the hourly usage of the airplanes which is applied towards operating and maintenance costs. The members also pay a yearly due for operating and maintenance costs and assessments if needed. The airplanes are not for hire and you have to be a member to fly the airplanes.”