Ballard High School Golden Beavers Assn

“Client Note 1 - Page 1, Item G - Accounting method:The Association maintains it's records under the cash receipts and cash disbursements method of accounting modified with respect to income from lifetime dues which are recorded as deferred income and prorated in equal annual income amounts over ten (10) years beginning with the year of receipt. Securities received as contributions are recorded at the market value when received and the value thereof at the end of each accounting period is adjusted to market value.”

“Client Note 2 - SCHOLARSHIP SELECTION PROCESSSchedule A, Part III, Question 3aStudents complete an application form which is submitted to Ballard High School. The High School selects qualified students and application forms are submitted to the Scholarship Committee of the Association who then selects the applicants that will receive the scholarships. According to the By-Laws, the Association shall not discriminate racially as to the selection of student recipients.”

“Realized capital gains $11627”

“Class of Activity: Scholarship | Donee's Name: Olivia Knoll | Relationship of Donee: Scholarship recipient | Cash Amount Given: $6700”

“| Donee's Name: Andrew Hartz | Cash Amount Given: $8332”

“Investment fees $6247”

“Miscellaneous $1133”

“Bank charges $392”

“Postage, copies & supplies $230”

“Hall of Fame expense $210”

“PO Box rental $206”

“Fees $105”

“City fee $56”

“Deferred Revenue - Beginning $10416 Deferred Revenue - Ending $0”