March 06 Financials

Discussion in 'Club Financials & Minutes' started by jimsar, Apr 23, 2006.

  1. jimsar

    jimsar Guest

    Below are the club's Profit & Loss Statement as well as Balance Sheet as of March 31, 2006. Any questions, feel free to ask. Sorry for the lousy formatting, I cut and pasted from a Word file which is available upon request.
    Jim
    BAR Treasurer

    =============================================
    Bay Area Reefers
    Profit & Loss
    Month of March 2006



    Ordinary Income/Expense
    Income
    Membership Dues 19.12
    Total Income 19.12

    Expense
    Bank Service Charges 0.13
    Guest Speaker Expense (Barry N. Plane Fare) 212.60
    Total Expense 212.73

    Net Ordinary Income -193.61

    Other Income/Expense
    Other Income
    Interest Income 3.66
    Total Other Income 3.66

    Net Other Income 3.66

    Net Income -189.95

    ===============================================
    Bay Area Reefers
    Balance Sheet
    As of March 31, 2006

    Mar 31, '06

    ASSETS
    Current Assets
    Checking/Savings
    PayPal Account 701.42
    Petty Cash Account (Cash in Lockbox) 75.33
    US Bank Checking 6,244.91
    Total Checking/Savings 7,021.66

    Total Current Assets 7,021.66

    TOTAL ASSETS 7,021.66

    LIABILITIES & EQUITY
    Equity
    Opening Bal Equity 2,271.88
    Retained Earnings (Retained Earnings) 2,084.42
    Net Income 2,665.36
    Total Equity 7,021.66

    TOTAL LIABILITIES & EQUITY 7,021.66
     
  2. sfsuphysics

    sfsuphysics Supporting Member

    19.12 membership? paypal fee make up the rest?

    Also how come raffle money isn't reported here?
     
  3. Mr. Ugly

    Mr. Ugly Past President

    No raffle in March? Shows up under April income?
     
  4. sfsuphysics

    sfsuphysics Supporting Member

    Ah gotcha, sorry the Barry thing was throwing me but I guess the purchase of his ticket was sort of needed before he came :)
     
  5. jimsar

    jimsar Guest

    You both got it right. They will be in the April report, and I'll also do Year-To-Date nex time.
     
  6. teachermark

    teachermark Guest

    Is there an email that goes out when your membership runs out? I hope so, I think i'm due for renewal.
     
  7. dswong01

    dswong01 Supporting Member

    Mark,
    Just check membership status it tell when your due.
     
  8. capescuba

    capescuba Supporting Member

    It's in the works!
     
  9. jimsar

    jimsar Guest

    Mike, PayPal gets its pound of flesh. Still worth it as far as Dave & I are concerned. Much less paperwork.
     
  10. capescuba

    capescuba Supporting Member

    Hell I'd give them 90% for the amount of work it's saved me!
     

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