Revenues for the year totaled $26,202.16. By category the revenues broke out as follows:

Memberships @ $600.00 $19,200.00 (32 member couples)

Memberships @ $480.00 $ 3,840.00 ( 8 member couples)

Guest @ $75.00/each $ 3,150.00 (42 individual guests)

Total memberships $26,190.00

Interest earned $ 12.16 (Through May 26, 2010)

All revenues $26,202.16

Memberships purchased 386 dinner “tickets” and guests purchased 42 dinner “tickets” for a grand total 428 dinner “tickets.” (“Tickets” describe the number of meals purchased by a member and define the future obligation of the Club. A $600.00 membership represents 10 “tickets” or 2 meals each for 5 events).

The Bellingham Golf and Country Club charged us for 442 dinners including 21 dinners for band members. (We failed to collect for four dinners from guests).

Expense detail for the year is a follows:

Member/Guest meals $13,207.00

Band meals $ 649.00

Bar Charges $ 4,420.00 (including $210.00 for the band)

Flowers $ 550.00

Gifts $ 190.00

Tips $ 3,323.88

Taxes $ 1,898.89

Band $ 4,100.00

Christmas Program Entertainment $ 300.00

Total $28,638.77

A surplus of $2,003.27 was in the Club’s account from the 2008/2009 season. Total resources after including all revenues for the year were $28,205.00. Expenses exceeded revenues for the year and depleted the surplus.

Club Officers Chuck Walter and Larry Quinlivan loaned the Club $1,000.00 (payable from next season’s receipts).

The current balance in the Club’s bank account is $566.67.

The cost of band meals, flowers, gifts and Christmas entertainment totaled $2,131.28 (including tips and taxes).

Sincerely,

Carl Olsen

COMUS CLUB Treasurer