| Operations/LMA Due To/ Due From Analysis | |||||
| As of March 31, 2001 | |||||
| Due From LMA | Due To LMA | ||||
| Opening Balance 6/1/00 | 23,642.81 | 52,852.82 | |||
| Life Member Recognition 6/2000-3/2001 | 142,174.00 | ||||
| Printing of LMA presentation 8/2000 | 955.51 | ||||
| Heating & Airconditioning Repairs 9/2000 | 597.18 | ||||
| 11/2000 | 831.19 | ||||
| Rents 6/2000-3/2001 | 52,020.00 | ||||
| Interest on Loan 6/2000-3/2001 | 20,830.75 | ||||
| New Life Members 6/2000-3/2001 | 30,335.00 | ||||
| G/L | |||||
| Sustaining Members 6/2000-3-2001 | 17,370.00 | Balances | |||
| 139,779 | |||||
| Estimate on Building Repairs | 300.00 | ||||
| Adjustmet to be Made - April 2001[1] | (80.00) | 333,550 | |||
| (300,000) | |||||
| Due to LMA | 173,328.57 [2] | 173,329 | |||
| Due from LMA Account Balance | 168,500.69 [3] | ||||
| Net | (4,827.88)[4] | ||||
| Interest on LMA Loan June 00 thru Mar 01 | 20,830.75 | ||||
| Less March LMA Interest Income | (1,834.00) | ||||
| Interest on LMA June - February[5] | 18,996.75 | ||||
| Month | Total | Effective | |||
| Interest | Loan | Rate | |||
| total Interest Expense per March P&L | 4,631 | ||||
| Less: Bank Interest Charge per Worksheet | 2,797 | 378,000 | 8.88% | ||
| 1,834 | 300,000 | 7.34% | |||