PCS Financial Reports 2003 - Tom Driscoll 2002 - Arun Mahajan 2002 - Scree Rate Increase 2001 - Scott Kreider 2000 - Bill Kirkpatrick 1999 - Dee Booth 1998 - Nancy Fitzsimmons 1997 - George Van Gorden 1996 - Jim Ramaker 1995 - Phyllis Olrich 1994 - Bob Suzuki 1993 - Brian Boyle 1992 - Charles Schafer 1991 - Debbie Benham 1990 - Dinesh Desai

1999 Treasurer's Report

The traditional method of measuring the net worth of the PCS has been to calculate the cost of the newsletters owed members at this time and subtract that amount from the ending balance. This brings our net worth to $487.49. Calculations are below.

The average balance in the checking account has fallen from $1122 at the beginning of 1999 to $973 at the end. Our low balance is due to our taking in less in subscriptions than we spend to print and mail the "Scree", and to a service charge of $12 being levied against our account every month.

Continuing to draw down our balance will have unwanted results. It may be time to raise the cost of a "Scree" subscription, or to reduce the size of the newsletter to bring down the cost of printing it.

Thanks to Jim Ramaker for his help in preparing this statement.

- Dee Booth

Balance Sheet

Beginning Balance 1/16/99                         1184.47
Income from Scree Subscriptions           	   963.00
Expenses from Printing and Mailing Scree          1075.58
July Barbeque                                       30.00
Bank Service Charges                               144.00
*Cost of newsletters owed to paid members          410.40
Ending Balance 12/5/99                             487.49


*Number of hardcopy subscribers                         90
Average number of months remaining on subscriptions    x 6
                                                       ---
Number of newsletters owed                             540
Average cost of printing and mailing newsletters      x.76
                                                      ----
Cost of newsletters owed to paid members            410.40