Slipstream - February 2018

2017 Maverick Region Financial Statement
By Richard Solomon, Region Treasurer, 2015 - 2017
he year end 2017 financials
for the Maverick
T
10:35 PM MAVERICK REGION PCA
01/11/18 Profit & Loss
Region of Porsche Club
Cash Basis January through December 2017
of America are provided
for complete transparency to our
members.
The year 2017 final accounting
statement reflected significant improvement
over the year 2016 figures
based on a Net Excess position
of $39,385.
This position was attributable to
a strong year of driver education
events including a special DE at the
Circuit of the Americas.
In addition, the club continued
to strengthen our social events, such
as Mavs & Mochas, culminating in a
fantastic set of Founders Day events.
Once again our club stepped up
to support those in need by providing
donations to our long time
charity, the Hope Shelter, and the
national military charity, the Boot
Campaign.
Lastly, through the support of
our advertisers, our Slipstream magazine
began printing completely in
color.
Thank you for making 2017
a strong financial year. We look
forward to continued success in
2018.
Editor’s Note: A special thank you to
Rich for his work as our Region Treasurer
for the past three years. Our financial
standing as a club continues to be in
great condition thanks to his careful
stewardship. We welcome Deborah Fike
as she takes over this important role of
Maverick Region Treasurer this year.
Jan - Dec 17
Ordinary Income/Expense
Income
4000 · Revenues
4001 · Membership
4001-01 · Dues 6,093.60
4001 · Membership - Other 31,062.50
Total 4001 · Membership 37,156.10
4002 · Registrations 192,314.41
4003 · Sponsorships 26,950.00
4004 · Goodie Store sales 550.00
4005 · Advertising income 46,322.73
Total 4000 · Revenues 303,293.24
4006 · Interest Income 48.12
4007 · Charitable receipts 2,290.00
4008 · Social Income
4008-03 · Founders Day 9,944.00
4008 · Social Income - Other 2,160.00
Total 4008 · Social Income 12,104.00
4009 · Other 3,424.25
4011 · Auction proceeds 9,733.00
Total Income 330,892.61
Expense
5010 Tech Session Expenses 338.50
5000 · Expenses
5001 · Track Expenses 172,425.75
5002 · Social expenses 21,924.82
5003 · Goodie Store Purchases 208.15
5004 · SlipStream 57,018.50
5005 · Postage 142.84
5009 · Concours expenses 708.77
5011 · Rally Expenses 1,427.06
Total 5000 · Expenses 253,855.89
5006 · Other administrative expense 19,156.90
5007 · Board Meetings 3,087.23
5008 · Storage 1,284.00
5010 · Sunday drive expenses 333.39
5020 · Swap Meet Expenses 75.50
Total Expense 278,131.41
Net Ordinary Income 52,761.20
Other Income/Expense
Other Expense
6001 · Charitable donations 13,376.25
Total Other Expense 13,376.25
Net Other Income -13,376.25
Net Income 39,384.95
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