May 2010 Financials

Discussion in 'Club Financials & Minutes' started by seminolecpa, May 24, 2010.

  1. seminolecpa

    seminolecpa Past President

    Sorry for the delay in the financials. Typically I will post them up shortly after our general meeting but with BAYMAC happening in an off month, I wanted to ensure to capture everything including it as well.

    Membership numbers are still down slightly from this point last year but considering the economy etc a net decrease in 10 member at this point is really irrelavent.

    All other numbers on the income statement are immaterial at this point and i am still missing a few receipts for regualr monthly expenditures (like web hosting costs).

    Supply sales tend to be a push for a majority of the year, will be doing an inventory adjustment next set of financials to tru-up but do not anticipate any material differences.

    Big changes from prior period:

    BAYMAC was in June in the prior year so you will not note the comparables to prior year in this set of financials.

    Raffle income -
    2010- $750.00
    2009- $200.00
    2008- $346.75

    Coral Sales-
    2010 $1,564
    2009 $ 335
    2008 $ 975

    Lots of different theories from the year to year changes here. Event was very well organized this year with lots of people. Our booth was very well organized and run. etc etc.. Thanks again to all those that donated their corals, equipment, time, and brain power to help make this event happen. I keeps getting better and better every year.

    Attached files May23 10 financials.pdf (63.8 KB)
  2. Tumbleweed

    Tumbleweed Guest

    Thanks Bryan, looks like we did well at BAYMAC this year.
    and yes some one actually read the finacials post. :D
  3. iCon

    iCon Supporting Member

    Nice results from Baymac =] Is there/do you produce a statement of cash flows and/or expense statements? Interested in where money goes etc. A few people asked me which was puzzling since I'm newer than all those who asked. ;)
  4. Tumbleweed

    Tumbleweed Guest

    The attached pdf statement shows all income and expenses for the club.
  5. iCon

    iCon Supporting Member

    Got it....Didn't see the P&L after the BS... :)

    Thanks Brian and Bryan
  6. seminolecpa

    seminolecpa Past President

    Also remember that they are only inclusive of receipts that i have received. We still need to book the costs for web hosting etc.
  7. sfsuphysics

    sfsuphysics Supporting Member

    1564 in coral sales? Ok who was the cheap skate who only had four dollars for a coral!?
  8. seminolecpa

    seminolecpa Past President

    Dunno how that worked out either. Especially considering everything we had was in $5 increments as far as I knew.
  9. Gomer

    Gomer Honorary Member

    Clearly Eric is part of a coral laundering scheme and pocketed that $1!!!!!
  10. seminolecpa

    seminolecpa Past President

    Or my dog at it when I was counting. It was seriously about a 5" stack of small bills.
  11. Ibn

    Ibn Supporting Member

    Yes, my earning that day was $1, or the equivalent of 8.3 cents per hour. :p

    Dunno how that amount came about since we only did increments of $5.
  12. Tumbleweed

    Tumbleweed Guest

    Towards the end I saw people taking anything for any of the corals left so some might have sold a coral for $4 because the person offered it.
  13. Ibn

    Ibn Supporting Member

    True, but that was still in increments of $5s.
  14. yardartist

    yardartist Guest

    Great numbers from BAYMAC this year.
  15. 99sf

    99sf Guest

    Great BAYMAC results!
  16. cwolfus

    cwolfus Past President

    Good work Bryan and everyone who made BAYMAC such a resounding success!
  17. nudibranch

    nudibranch Guest

    BAYMAC was awesome this year. I joined BAR because of the BAR booth and the nice people at it.

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