|
|
Financial Statements
Profit
& Loss Statements
|
|
June 01 - May 02 |
June 02 - May 03 |
|
Ordinary Income/Expense |
|
|
|
|
|
|
|
Income |
|
|
|
Advertising Revenue |
2,225.00 |
935.00 |
|
Guest Member Fees |
- |
365.00 |
|
Member Meeting Fees |
10,010.00 |
9,633.14 |
|
National Membership Allocation |
4,771.39 |
3,558.62 |
|
Student Night Sponsor |
540.00 |
- |
|
Student Sponsor Fees |
80.00 |
- |
|
|
|
|
|
Total Income |
17,626.39 |
14,491.76 |
|
|
|
|
|
Expense |
|
|
|
Assessment Expense |
253.00 |
262.00 |
|
Bank Service Charges |
67.06 |
- |
|
BOD Meeting Expense |
733.41 |
684.62 |
|
CLEW Expense |
- |
60.00 |
|
Dues |
- |
28.00 |
|
Gift Certificate Expense |
374.76 |
175.00 |
|
Meeting - Restaurant Expense |
8,419.21 |
8,403.34 |
|
Meeting Supplies |
83.08 |
44.69 |
|
Miscellaneous |
- |
319.95 |
|
Newsletter Printing |
974.86 |
- |
|
Office Supplies |
32.72 |
31.60 |
|
P.O. Box Expense |
19.00 |
- |
|
Postage |
278.12 |
537.38 |
|
Professional Development |
- |
394.08 |
|
Scholarships |
700.00 |
350.00 |
|
Social Event |
76.00 |
- |
|
Software Expense |
169.97 |
- |
|
Student Night Expense |
87.20 |
- |
|
Taxes - State |
- |
15.00 |
|
Uncategorized Expenses |
- |
175.00 |
|
Website |
490.47 |
408.05 |
|
|
|
|
|
Total Expense |
12,758.86 |
11,888.71 |
|
|
|
|
|
Net Ordinary Income |
4,867.53 |
2,603.05 |
|
|
|
|
|
Other Income/Expense |
|
|
|
Other Income |
|
|
|
Interest Income |
23.38 |
10.82 |
|
|
|
|
|
Total Other Income |
23.38 |
10.82 |
|
Net Other Income |
23.38 |
10.82 |
|
|
|
|
|
Net Income |
4,890.91 |
2,613.87 |
Balance Sheets
|
|
May
31, 2002 |
May
31, 2003 |
July
31, 2003 |
|
Assets |
|
|
|
|
Current Assets |
|
|
|
|
AMCORE Checking |
6,980.94 |
9,594.81 |
9,703.68 |
|
Petty Cash Balance |
50.00 |
50.00 |
50.00 |
|
|
|
|
|
|
Total Checking/
Savings |
7,030.94 |
9,644.81 |
9,753.68 |
|
|
|
|
|
|
Other Current
Assets |
|
|
|
|
Prepaid Meeting Deposit |
250.00 |
250.00 |
- |
|
|
|
|
|
|
Total Other Current
Assets |
250.00 |
250.00 |
- |
|
|
|
|
|
|
Total Current Assets |
7,280.94 |
9,894.81 |
9,753.68 |
|
|
|
|
|
|
TOTAL ASSETS |
7,280.94 |
9,894.81 |
9,753.68 |
|
|
|
|
|
|
Liabilities &
Equity |
|
|
|
|
Equity |
|
|
|
|
Opening Equity Balance |
5,001.40 |
5,001.40 |
5,001.40 |
|
Retained Earnings |
(2,839.51) |
2,627.25 |
5,347.28 |
|
Net Income |
5,119.05 |
2,266.16 |
(595.00) |
|
Total Equity |
7,280.94 |
9,894.81 |
9,753.68 |
|
|
|
|
|
|
TOTAL LIABILITIES
& EQUITY |
7,280.94 |
9,894.81 |
9,753.68 |
|
|
