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Police Athletic League of Paris <br /> Notes to Statement of Cash Receipts, Disbursements, <br /> and Resulting Cash Balances <br /> For the Year Ended December 31, 2002 <br /> <br />Note 4: Related Party Transactions <br /> <br /> PAL also uses a member of the board ~f directors to perform services at sporting events stlekas <br /> timekeeper, custodian, and referee. During the year ended December 31, 2002, PA1 paid the <br /> board member $3,592 which is recorded in the financial statements as contracted services. <br /> <br />Note 5: Other Transactions <br /> <br /> Certain administrative overhead cost (employee payroll and utilities) are provided by the <br /> City of Paris, Texas at no cost to PAL. These on-behalf payments are not recorded in <br /> this financial statement as PAL uses the cash receipts and disbursements method of <br /> accounting, h-kind donations are also not recorded. <br /> <br /> <br />