October 09 Finanicals

Discussion in 'Club Financials & Minutes' started by seminolecpa, Oct 16, 2009.

  1. seminolecpa

    seminolecpa Past President

    Attached are the October 2009 Financials. I have manually adjusted the Budget to actual report to be more useful. The first column includes YTD items, the second includes the 2009 annual budget (surplus from the 2008 budget (approx $1,500) is included, hence the budgeted loss), the third column represents both surplus amounts and/or expected remaining expenditures.

    Items of interest:

    1) Expenses from October speaker have not been received and an estimated amount is included.
    2) Still awaiting receipts from webhosting costs
    3) 16 new members since Aug 17th
    4) Total paid members (excluding BOD members ) are 193 (204 if we include old family memberships as 2 people)
    5) At this point I would expect remaining expenses to be approximately $1,500 and projected additional income of $400. Thus our ending surplus from 2010 anticipated to be approx $3,500 due to higher then budgeted raffle sales and memberships.
    6) Check figure- ending cash at 10/17/09 $10,000.12 - anticipated expenditures ($1,500) + anticipated income ($400) less reserve for full year expenses ($5,500) = $3,400.12 (surplus)

    Sorry if I got way too much of my accountant on.

    Attached files 10-17-2009 Financials.pdf (30 KB)
  2. Gomer

    Gomer Honorary Member

    can you say that again in a seductive whisper?
  3. patchin

    patchin Facilities / Event Coordinator

    And Rosie's gift. At Nov meeting??
  4. seminolecpa

    seminolecpa Past President

    I have Rosie's gift already booked as a payable Steve.
  5. patchin

    patchin Facilities / Event Coordinator

    Thank You.
  6. badbread

    badbread Guest

    What's mileage reimbursement?

    And I think I asked this before but remind me about the insurance part?

    Just curious :p
  7. seminolecpa

    seminolecpa Past President


    Regular is club liability insurance
    D&O is to protect the officers agains personal liability

    Mileage is pretty much for reimbursement for say driving all over the bay area to pick up raffle prizes
  8. badbread

    badbread Guest

    Got it, so to the man BAR is an organization that could be sued and if that did happen it would be put upon the BOD?
  9. Mr. Ugly

    Mr. Ugly Past President

    People suing don't care who they put it on, as long as they can get some money.

    Let's just hope that nobody slips on a puddle of frag water and breaks a leg.
  10. pixelpixi

    pixelpixi Guest

    Bryan, do you know what the last month I've been reimbursed for webhosting costs was? I should know, but I don't. :-/

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