Financial Report for 1st Quarter 2003

Submitted April 10, 2003

Balance Forward (from Financial Report for 4th Quarter 2002) $6494.09

Income – 1/1/03 to 3/31/03

91 Shipmates paid  dues totaling                                                $2005.00

6 hats sold @ $9.00 each                                                                54.00

                                    Total income (1/1/03 – 3/31/03)          $2059.00          NOTE

Expenses – 1/1/03 to 3/31/03                                                            

January Newsletter Printing                                                        $292.35        DUES FOR 2003

January Newsletter Postage                                                         296.00       ($20) ARE DUE

Deposit for Riverboat (2003 Reunion)                                         500.00        AND PAYABLE

Purchase of 72 hats w/scrambled eggs                                         278.66        BY 28 February

Total expenses (1/1/03 to 3/31/03)      $1367.01        2003

                                                            Starting balance           $6494.09

                                                            Plus Income                  2059.00

                                                                                               $8553.09

                                                            Less Expenses              -1367.01

                                                                        Balance         $ 7186.08

                                    Bank Balance as of 3/31/03                $7186.08

Many thanks to all our dues paying shipmates!

                                                            Respectfully submitted,

                                                            David  J. Oberholzer - Treasurer