NOTE 1:  Organization and Purpose
The Washington Gamers Association was formed in 1974 to facilitate its members' enjoyment of all kinds of conflict simulation by holding meets and tournaments, publishing a magazine or newsletter, and carrying out other appropriate activities.
NOTE 2:  Summary of Significant Accounting Policies
A. Financial Statement Format - The Association prepares its financial statements in accordance with the provisions of Statement of Financial Accounting Standards No. 117, Financial Statements of Not-for-Profit Organizations (SFAS 117).  This standard requires that net assets be classified into three classes:  unrestricted, temporarily restricted, and permanently restricted.  The Association has no permanently or temporarily restricted net assets as defined by SFAS 117.
B. Membership Dues - The Association records Members' dues, currently $8 per calendar year, as revenue during their membership year.  Membership dues received in advance are deferred.
C. Annual New Year's Eve All-Nighter - Advance disbursements relating to the Association's New Year's Eve All-Nighter are deferred and recorded as expenses in the fiscal year in which the event is concluded.
D. Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.
NOTE 3:  Prepaid Expenses and Deposits
Prepaid Expenses and Deposits are related to the Association's use of a post office box.