Subject: Prabasi Accounting for Fiscal Year ended 6/30/99
Dated: Jul 13, 2000
Dear Member,

Bay Area Prabasi's accounting for Fiscal Year ended 6/30/99 is
now available online at our web-site for our members. Please look
at the links below to access the accounts.

Statement of Financial Position Fiscal Year Ended 6/30/99 
Statement of Activities and Changes in Net Assets Year Ended 6/30/99 
Statement of Cash Flows Year Ended 6/30/99 
Direct links are also available from our Home page and the
Administration Section of our web-site.

The delay in announcing the results is attributed to the following

(1) Arranging NABC-99 from July 2-4, 1999. An event of this proportion
    has huge cash flows that were resolved quite late and got spilled
    over to the fiscal year 1999-2000.

(2) Legal case filed by Santa Clara Convention Center against Bay
    Area Prabasi amounting to a damage claim of $36,000.

You are requested to study the financial reports and come prepared
for discussion in the General Body Meeting on July 15 (before the
Saraswati Puja function) at Chabot College Auditorium at 6:15pm
if you have any concerns.

Sincerely Yours,

- Anupam Bagchi
Prabasi Webmaster

                                              Dated: 07/13/2000
                      BAY AREA PRABASI INC.