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Members Status Report

The Members Status Report describes each member's participation in the club over a specified period. Depending on the specifications on the Operating Parameters form, the Members Status Report either shows or does not show total return and compound annual rate of return.

Report Description

Column

Description

(NO NUMBER)

Number of the line that contains each memberís information

NAME

Names of the members in alphabetical order by the last name. Only members who have units on the report date appear in the list.

PAID IN SINCE mm/dd/yy

Amount paid in by members from the date specified in the Show Member Contributions Since Date box.

TOTAL PAID IN TO DATE

Total payments and fees minus withdrawals from the first payment or fee to the report date. Beginning Balance-Investment is included. Petty Cash contributions are not included in this report.

PAID IN PLUS EARNINGS

Total Paid In To Date plus distributions of earnings. Beginning Balance-Earning are included. This figure is the tax-paid basis of each member in the club. If a member withdraws more than is included in the memberís tax basis, this value shows zero. NOTE: Club Accounting is not a tax accounting program for individual members. Therefore, consult your tax advisor about your personal tax liability

UNITS SINCE mm/dd/yy

Shows the units added for the same period described above for the PAID IN SINCE mm/dd/yy column. Earnings distributions are included.

UNITS OWNED

Units owned by members on the report date.

CURRENT VALUE

Value of the units owned on the report date. Club Accounting uses the most recent securities valuation date to determine the value of each unit. That unit value is then multiplied by the number of units owned to get the current value.

PERCENT OWNERSHIP

Total value of the club divided by the memberís current value.

TOTAL RETURN SINCE mm/gg/yy

Total return of the investment during the return period (the start date to the report date).

COMPOUND ANN. RET. SINCE mm/dd/yy

Annual rate of return that the cash flow of the investment (buys, sells, cash dividends, etc.) would earn to match the final value at the end of the total return period. This is called the Internal Rate of Return (IRR).

Row

Description

TOTALS

The total of each column. For the Total Return and Compound Annual Return columns, the percentages shown are the total returns for all members of the club, both active and inactive.