BIKES tracks its Revenue and Expenses from October 1 to September 30.  Our accounting year ended in good health.  Membership numbers have stayed fairly constant and in spite of foregoing a McClinchy Mile event in both 2020 and 2021, our finances are in the black.  That’s due in part to eliminating some 2020 expenses for group activities that COVID-19 restrictions prohibited.  Log on to the BIKES website and go to the Member Only tab and find the Budget and Finances page to read details for the year.  The Balance Sheet below shows money in the bank and how we reserve for anticipated expenses.

BIKES Balance Sheet Ending                                                        9/30/2021

Assets / Cash in Bank                                                    

                Checking                                        $8,861.01

                Savings                                          $4,060.76

          Total Assets                                                              $12,921.77

Liabilities                                                             

                1.5 x Club Fixed                              $4,200.00

                1.5 x McClinchy Fixed                     $7,005.00

                Memorial Fund                                $1,030.00

          Total Liabilities                                                         $12,235.00

Net Available Cash on Hand                                          $686.77