It reveals - as of a particular date: - the amount of the club's total debt - resources currently available to pay debt coming due -the amount of club assets - broken down into the six categories( currents assets; noncurrent receivables - net of current portion; designated assets; investments- long term; property and equipment; and other assets - the amount of members' equity in the club

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1. It reveals - as of a particular date: - the amount of the club's total debt - resources currently available to pay debt coming due -the amount of club assets - broken down into the six categories( currents assets; noncurrent receivables - net of current portion; designated assets; investments- long term; property and equipment; and other assets - the amount of members' equity in the club