December 06 ( Year-end) Financial Statements

Discussion in 'Club Financials & Minutes' started by jimsar, Mar 8, 2007.

  1. jimsar

    jimsar Guest

    Bay Area Reefers
    Profit & Loss
    December 1 TO 31, 2006


    Ordinary Income/Expense
    Income
    Membership Dues 125.03
    Total Income 125.03

    Expense
    Mileage Expense 117.50
    Public Appreciation Exp 846.11
    Supplies 454.00
    Total Expense 1,417.61

    Net Ordinary Income -1,292.58

    Other Income/Expense
    Other Income
    Interest Income 10.64
    Total Other Income 10.64

    Net Other Income 10.64

    Net Income -1,281.94

    =============================================================================
    YEAR END P&L:

    Bay Area Reefers
    Profit & Loss
    January 1 through December 31, 2006


    Ordinary Income/Expense
    Income
    Coral Fund Contribution 340.00
    Membership Dues (Membership Dues) 2,163.12
    Raffle (Raffle Income) 3,865.00
    Soda & Supply Sales 502.19
    Total Income 6,870.31

    Expense
    Bank Service Charges (Bank Service Charges) 35.43
    Corals (Corals for fragging and dist.) 400.00
    Dues and Subscriptions (Dues and Subscriptions) 50.00
    Equipment Rental (Equipment Rental) 442.50
    Gifts (gifts) 38.95
    Guest Speaker Expense 546.88
    Insurance (Liability Insurance) 1,512.00
    Mileage Expense (Reimbursement for mileage) 351.75
    Miscellaneous (Miscellaneous) 32.78
    Office Supplies (Office Supplies) 20.00
    Postage and Shipping 25.39
    Public Appreciation Exp 846.11
    Supplies (Supplies)
    Meeting Supplies 375.84
    Supplies (Supplies) - Other 1,031.69
    Total Supplies (Supplies) 1,407.53

    Tickets for Events 50.00
    Travel & Ent
    Meals (Meals for ASAP) 101.99
    Total Travel & Ent (Travel and Entertainment) 101.99

    Web Expense (hosting, etc) 268.38
    Total Expense 6,129.69

    Net Ordinary Income 740.62

    Other Income/Expense
    Other Income
    Interest Income (Interest Income) 39.97
    Total Other Income 39.97

    Net Other Income 39.97

    Net Income 780.59

    ==========================================================================
    YEAR-END BALANCE SHEET
    Bay Area Reefers
    Balance Sheet
    As of December 31, 2006


    ASSETS
    Current Assets
    Checking/Savings
    PayPal Account 847.54
    Petty Cash Account (Cash in Lockbox) 55.33
    US Bank Checking 3,397.70
    Total Checking/Savings 4,300.57

    Total Current Assets 4,300.57

    Other Assets
    Equipment (Club Owned Equipment) 911.71
    Total Other Assets 911.71

    TOTAL ASSETS 5,212.28

    LIABILITIES & EQUITY
    Equity
    Opening Bal Equity 2,271.88
    Retained Earnings (Retained Earnings) 2,159.81
    Net Income 780.59
    Total Equity 5,212.28

    TOTAL LIABILITIES & EQUITY 5,212.28
     

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