Hi Gordon

It looks as though the punch line to my question is out.

The AMA Financial Report is in the AMA Member's Only Section. It is for the most current year.. 2002. along with the prior year, 2001 for reference. The only way to have a more current audited statement would be to have a crystal ball. Some have admitted to not being accountants. To some of them, the figures have no meaning. Marc, the President of RCU, asked a Financial Analyst to make a review of the 2001 Financial Statement last year. The result of that was published here on RCU. With the changeover, it may be necessary for you to ask Marc for it's current location. If, on the other hand, you have ever had accounting 101, you can probably make sense of the 2002 document on the AMA site. It is really not that difficult if you have even a basic understanding of accounting and you already know that accounting is an historical endeavor.

While you are there, take a look at the costs and expenses of Model Aviation Magazine. MA is exclusively owned by AMA. If you notice on p. 6 that was pointed to in a prior post, you will find a statement to that effect. Simply, it makes no difference at all which pocket you put your own money in, as long as it is all yours, and can be accessed as needed. I am relatively certain that you are aware of that concept, but, it does seem to be lost on some.

Perhaps those that have access to a crystal ball, that looks at the future, might want to use it to determine what the statement for 2003 will look like, after the year is over, and share the vision with us now. Some seem to think the EC is in possession of such a device. I assure you they are not.

JR