July 06 Financials

Discussion in 'Club Financials & Minutes' started by jimsar, Sep 1, 2006.

  1. jimsar

    jimsar Guest

    Better late than never, I thought I posted this a couple of weeks ago. Oh well, oldtimers disease.

    Bay Area Reefers
    Profit & Loss
    January through July 2006

    Jan - Jul '06

    Ordinary Income/Expense
    Income
    Coral Fund Contribution 340.00
    Membership Dues 1,578.61
    Raffle (Raffle Income) 2,895.00
    Soda & Supply Sales 316.19
    Total Income 5,129.80

    Expense
    Bank Service Charges (Bank Service Charges) 35.43
    Dues and Subscriptions (Dues and Subscriptions) 50.00
    Equipment Rental (Equipment Rental) 442.50
    Guest Speaker Expense (Guest Speaker Expense) 396.88
    Insurance 1,512.00
    Miscellaneous 61.53
    Office Supplies (Office Supplies) 20.00
    Postage and Shipping 25.39
    Supplies (Supplies)
    Meeting Supplies 265.39
    Supplies (Lime, glue) - Other 559.28
    Total Supplies (Supplies) 824.67

    Tickets for Events 75.00
    Travel & Ent (Travel and Entertainment)
    Meals (Meals for ASAP) 62.99
    Total Travel & Ent (Travel and Entertainment) 62.99

    Web Expense (hosting, etc) 119.40
    Total Expense 3,625.79

    Net Ordinary Income 1,504.01

    Other Income/Expense
    Other Income
    Interest Income 14.41
    Total Other Income 14.41

    Net Other Income 14.41

    Net Income 1,518.42

    Bay Area Reefers
    Profit & Loss
    July 2006

    Jul '06

    Ordinary Income/Expense
    Income
    Membership Dues (Membership Dues) 133.84
    Total Income 133.84

    Net Ordinary Income 133.84

    Other Income/Expense
    Other Income
    Interest Income (Interest Income) 2.53
    Total Other Income 2.53

    Net Other Income 2.53

    Net Income 136.37

    Bay Area Reefers
    Balance Sheet
    As of July 31, 2006



    ASSETS
    Current Assets
    Checking/Savings
    PayPal Account 808.97
    Petty Cash Account (Cash in Lockbox) 55.33
    US Bank Checking 4,174.10
    Total Checking/Savings 5,038.40

    Total Current Assets 5,038.40

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

    TOTAL ASSETS 5,950.11

    LIABILITIES & EQUITY
    Equity
    Opening Bal Equity 2,271.88
    Retained Earnings (Retained Earnings) 2,159.81
    Net Income 1,518.42
    Total Equity 5,950.11

    TOTAL LIABILITIES & EQUITY 5,950.11
     

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