March 06 Financials

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

  1. jimsar

    jimsar Guest

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    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

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    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

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

    sfsuphysics Supporting Member

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    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

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    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

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    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

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

    capescuba Supporting Member

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    It's in the works!
     
  9. jimsar

    jimsar Guest

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    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

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

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