January 07 Financials

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

  1. jimsar

    jimsar Guest

    Bay Area Reefers
    Profit & Loss
    January 1 – 31, 2007


    Ordinary Income/Expense
    Income
    Coral Fund Contribution 100.00
    Membership Dues 557.03
    Total Income 657.03

    Expense
    Supplies (Glue ) 420.39
    Total Expense 420.39

    Net Ordinary Income 236.64

    Net Income 236.64
    ======================================================

    Bay Area Reefers
    Balance Sheet
    As of January 31, 2007

    ASSETS
    Current Assets
    Checking/Savings
    PayPal Account 1,504.57
    Petty Cash Account (Cash in Lockbox) 55.33
    US Bank Checking 2,977.31
    Total Checking/Savings 4,537.21

    Total Current Assets 4,537.21

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

    TOTAL ASSETS 5,448.92

    LIABILITIES & EQUITY
    Equity
    Opening Bal Equity 2,271.88
    Retained Earnings (Retained Earnings) 2,940.40
    Net Income 236.64
    Total Equity 5,448.92

    TOTAL LIABILITIES & EQUITY 5,448.92
     

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