June 06 Financials

Discussion in 'Club Financials & Minutes' started by jimsar, Aug 7, 2006.

  1. jimsar

    jimsar Guest

    Here are the June 2006 financial statements:

    Bay Area Reefers
    Profit & Loss
    June 1-30, 2006

    Ordinary Income/Expense
    Income
    Membership Dues 190.76
    Raffle (Raffle Income) 325.00
    Soda & Supply Sales 83.00
    Total Income 598.76

    Expense
    Guest Speaker Expense 37.26
    Insurance (Liability & D&O Insurance) 1,512.00
    Miscellaneous 52.03
    Office Supplies 20.00
    Supplies (Supplies)
    Meeting Supplies 78.83
    Supplies - Other 68.96
    Total Supplies (Supplies) 147.79

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

    Total Expense 1,907.07

    Net Ordinary Income -1,308.31

    Other Income/Expense
    Other Income
    Interest Income (Interest Income) 1.39
    Total Other Income 1.39

    Net Other Income 1.39

    Net Income -1,306.92
    ==================================
    Bay Area Reefers
    Profit & Loss
    January 1 through June 30, 2006



    Ordinary Income/Expense
    Income
    Coral Fund Contribution 340.00
    Membership Dues (Membership Dues) 1,444.77
    Raffle (Raffle Income) 2,895.00
    Soda & Supply Sales 316.19
    Total Income 4,995.96

    Expense
    Bank Service Charges 35.43
    Dues and Subscriptions (MAS 50.00
    Equipment Rental (for Swap) 442.50
    Guest Speaker Expense 396.88
    Insurance (Liability & D&O Insurance) 1,512.00
    Miscellaneous (Mileage Reimbursement, etc) 61.53
    Office Supplies 20.00
    Postage and Shipping 25.39
    Supplies (Supplies)
    Meeting Supplies 265.39
    Supplies (glue, etc - Other 559.28
    Total Supplies (Supplies) 824.67

    Tickets for Events 75.00
    Travel & Ent (Travel and Entertainment)
    Meals (Food 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 1,370.17

    Other Income/Expense
    Other Income
    Interest Income (Interest Income) 11.88
    Total Other Income 11.88

    Net Other Income 11.88

    Net Income 1,382.05

    ==========================================
    Bay Area Reefers
    Balance Sheet
    As of June 30, 2006

    Jun 30, '06

    ASSETS
    Current Assets
    Checking/Savings
    PayPal Account 672.60
    Petty Cash Account (Cash in Lockbox) 55.33
    US Bank Checking 4,174.10
    Total Checking/Savings 4,902.03

    Total Current Assets 4,902.03

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

    TOTAL ASSETS 5,813.74

    LIABILITIES & EQUITY
    Equity
    Opening Bal Equity 2,271.88
    Retained Earnings (Retained Earnings) 2,159.81
    Net Income 1,382.05
    Total Equity 5,813.74

    TOTAL LIABILITIES & EQUITY 5,813.74
     

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