Feb 07 Financials

Discussion in 'Club Financials & Minutes' started by jimsar, Mar 12, 2007.

  1. jimsar

    jimsar Guest

    Bay Area Reefers
    Profit & Loss
    February 1-28, 2007
    Ordinary Income/Expense
    Income
    Coral Fund Contribution 20.00
    Membership Dues (Membership Dues) 604.97
    Raffle (Raffle Income) 2,730.00
    Soda & Supply Sales 423.00
    Total Income 3,777.97

    Expense
    Corals (Corals for swap & raffle.) 832.75
    Equipment Rental (Canopy & Chairs) 368.00
    Mileage Expense (Reimbursement for mileage) 173.00
    Supplies (Meeting Supplies) 272.85
    Travel & Ent (Travel and Entertainment)
    Meals (Meals for ASAP) 18.96

    Total Expense 1,665.56

    Net Ordinary Income 2,112.41

    Other Income/Expense
    Other Income
    Interest Income (Interest Income) 4.59
    Total Other Income 4.59

    Net Other Income 4.59

    Net Income 2,117.00
    ========================================================
    Bay Area Reefers
    Profit & Loss
    January through February 2007


    Ordinary Income/Expense
    Income
    Coral Fund Contribution 120.00
    Membership Dues 1,162.00
    Raffle (Raffle Income) 2,730.00
    Soda & Supply Sales 423.00
    Total Income 4,435.00

    Expense
    Corals (Corals for swap & raffle.) 832.75
    Equipment Rental (canopy & chairs) 368.00
    Mileage Expense (Reimbursement for mileage) 173.00
    Supplies (Supplies) 693.24

    Total Travel & Ent (Meals for ASAP) 18.96

    Total Expense 2,085.95

    Net Ordinary Income 2,349.05

    Other Income/Expense
    Other Income
    Interest Income (Interest Income) 4.59
    Total Other Income 4.59

    Net Other Income 4.59

    Net Income 2,353.64

    ========================================================

    Bay Area Reefers
    Balance Sheet
    As of February 28, 2007

    Feb 28, '07

    ASSETS
    Current Assets
    Checking/Savings
    PayPal Account 1,924.13
    Petty Cash Account (Cash in Lockbox) 55.33
    US Bank Checking 4,674.75
    Total Checking/Savings 6,654.21

    Total Current Assets 6,654.21

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

    TOTAL ASSETS 7,565.92

    LIABILITIES & EQUITY
    Equity
    Opening Bal Equity 2,271.88
    Retained Earnings (Retained Earnings) 2,940.40
    Net Income 2,353.64
    Total Equity 7,565.92

    TOTAL LIABILITIES & EQUITY 7,565.92
     

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