1.  Financial Report

As of 8/9/03 the Loan on the House is paid off.  No bank liens against the property.  All bills are current.  

Current Debt:

    Wayne Christianson (Loan)       $0

    Property Taxes Due                     $0

                                            Total     $0 (No Debt at this time). 

2.  Current Situation

Phase 1 of window replacement project complete.  We are accepting donations to complete the project.

Rent from Students to Alumni Assn for the house has bee raised from $800 to $860 per month to cover increased cost of Property Taxes, Insurance, and some other smaller expenses (effective Aug 2007). 

Bills

Qwest                          $33.24 per month         X 4      $132.96

Mid-American $285.22 per month       X 4      $1140.88

Millennium Waste         $79.92 per month         X 4      $319.68

Iowa Water                  $67.31 per 2 months    X 2      $134.62

City of Davenport          $27.50 per quarter       X 1      $27.50

Payment to Alumni        $3200 per trimester      X 1      $3200

Total                                                                            $4955.64

Other Expenses

Pledging                       $200 per period           X 2      $400

Maintenance                 $500 per trimester        X 1      $500

Beer                             $300 per trimester        X 1      $300

Misc.                            $300 per trimester        X 1      $300

Total                                                                            $1,500

Grand Total                                                                  $6,455.64

Fundraising and incoming money

Dues                            $125 per person           X 25    $3125

Rent                             $1000 per person         X 4      $4000

Bake Sales                   $100 per sale               X 3      $300

BBQ                            $150 per BBQ             X 1      $150

Total                                                                            $7575

Remaining Money                                                         $1,119.36

Repayment Plan from Students to Alumni Reserves

Amount Owed                          $9350

Alumni Credit*                         $1471.13

Amt. Repaid                             $400

Total still owed                         $7478.87  

We have worked out that the membership will repay $100 per month until the total is repaid starting July 2007. All Trimersterly payments are up to date as of now as well as $400 to the overdue amount.

If there are any remaining funds at the end of the trimester more money will be sent to the alumni account, providing there is still a balance of $500 in the student account to cover any “unforeseen” bills or needs.

*Alumni credit was for expenses (homecoming  BBQ) and repairs approved as alumni expenses.

DDPi Trimester Budget 2007-08

Utilities                                                                $1,800.00

Pledging                                                              $   400.00

Payment to Alumni                                               $3,200.00

Payment to Alumni for previously owed               $   400.00

All Other (maintenance, etc.)                                $   600.00

Total Budget per Trimester                                   $6,400.00    

3.  What you can do to Help:

P.S.  Everyone please sign-in.  We need updated information.  Click on this link to do it DDPi-Alumni Feedback Page

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Last modified: November 02, 2009