Financial Report for 2 nd Quarter 2003

Submitted July 21, 2003

Balance Forward (from Financial Report for 1st Quarter 2003) $7186.08

Income – 4/1/03 to 6/30/03

36 Shipmates paid  dues totaling ($80 for 2004,2005)                $1047.00

2003 Reunion Reservations                                                          1495.00

13 hats sold @ $9.00 each                                                            117.00

                                    Total income (1/1/03 – 3/31/03)             $2659.00          NOTE

Expenses – 4/1/03 to 6/30/03                                                            

April Newsletter Printing                                                              $422.65        DUES FOR 2003

April Newsletter Postage                                                               408.50       ($20) ARE DUE

Illinois State Annual Registration                                                         5.00        AND PAYABLE

                                         Total expenses (4/1/03 to 6/30/03)      $836.15      BY 28 February 2003 

                                                               Starting balance           $7186.08

                                                             Plus Income                     2659.00

                                                                                                   $9845.08

                                                              Less Expenses                  -836.15

                                                                            Balance         $ 9008.93

(Of which $1495 is for 2003 Reunion reservations)

                                       Bank Balance as of 6/30/03                $9008.93

Many thanks to all our dues paying shipmates!

                                                            Respectfully submitted,

                                                            David  J. Oberholzer - Treasurer