Disappeared
Per the filed tax returns, between the close of Business on
September 30, 2007 ( end of the fiscal year) and the
opening of business on October 1, 2007 ( beginning of new
fiscal year) the amount of cash in the Kiwanis bank accounts
was reduced by $102,462.
Malibu Kiwanis Club
Tax Year
2007
2008
2009
Beginning
Cash
$178,454
$46,361
$27,507
Funds  Used
-$29,831
-$18,854
$130
Ending Cash
$148,823
$27,507
$27,637
No one has ever explained why this amount
of cash vanished or where it went.