July Financials

Discussion in 'Club Financials & Minutes' started by Tumbleweed, Jul 10, 2011.

  1. Tumbleweed

    Tumbleweed Guest

    Attached are the current financials. These cover the period from March to July which includes raffle revenue from the Arpil and June meetings, and income and expenses from BAYMAC. We have a few outstanding invoices for BAYMAC speakers, D&O insurance, and t-shirts which account for about another $2,000 that are not yet paid and recorded.

    Attached files Balance Sheet Standard.pdf (26.9 KB) Profit and Loss Prev Year Comparison.pdf (29.9 KB)
  2. patchin

    patchin Facilities / Event Coordinator

  3. GDawson

    GDawson Guest

    Now that we can afford it I propose a 500 gal teaching and testing tank for the club. It should be completely subsidized and have all the latest and greatest gadgets for group evaluations and assessment. Although it would be a burden I understand the value the tank represents to the club and as a teaching tool for students so I unselfishly offer my house for the project. I truly want to do my part for the club. :)

  4. nudibranch

    nudibranch Guest

    You have to do the water changes though. :D
  5. bondolo

    bondolo Supporting Member

    My favourite part was the $1250.49 in glue.... :)
  6. seminolecpa

    seminolecpa Past President

    Think that is a bit deceiving. Don't think he has booked the offset to COGS yet. Cost of Goods sold for the non-accounant types.

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