May 06 Financials

Discussion in 'Club Financials & Minutes' started by jimsar, Jun 30, 2006.

  1. jimsar

    jimsar Guest

    OK, let's try another approach this time. I'll cut and paste below, so forgive the formatting.

    Bay Area Reefers
    Profit & Loss
    May 2006

    Ordinary Income/Expense
    Income
    Membership Dues 172.38
    Raffle Income (prior mtng) 140.00
    Total Income 312.38

    Expense
    Web Expense (hosting, etc) 119.40
    Total Expense 119.40
    Net Ordinary Income 192.98
    Net Income 192.98

    ======================
    Bay Area Reefers
    Profit & Loss Year-To-Date
    January through May 2006

    Income
    Coral Fund Contribution 340.00
    Membership Dues 1,254.01
    Raffle 2,570.00
    Soda & Supply Sales 233.19
    Total Income 4,397.20

    Expense
    Bank Service Charges 35.43
    Dues and Subscriptions (MASNA) 50.00
    Equipment Rental 442.50
    Guest Speaker Expense 359.62
    Miscellaneous 9.50
    Postage and Shipping 25.39
    Meeting Supplies (Marketing Supplies) 186.56
    Supplies - Other (IC Gel, etc) 490.32
    Total Supplies (Supplies) 676.88
    Web Expense (hosting, etc) 119.40
    Total Expense 1,718.72

    Net Ordinary Income 2,678.48

    ============================

    Bay Area Reefers
    Balance Sheet
    As of May 31, 2006

    ASSETS
    Current Assets
    PayPal Account 465.45
    Petty Cash Account (Cash in Lockbox) 55.33
    US Bank Checking 5,688.17
    Total Checking/Savings 6,208.95

    Total Current Assets 6,208.95

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

    TOTAL ASSETS 7,120.66

    LIABILITIES & EQUITY
    Equity
    Opening Bal Equity 2,271.88
    Retained Earnings (Retained Earnings) 2,159.81
    Net Income 2,688.97
    Total Equity 7,120.66

    TOTAL LIABILITIES & EQUITY 7,120.66
     

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