Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

01.31.2020 Financial Statements (Updated 02.05.2020)

01.31.2020 Financial Statements (Updated 02.05.2020)

  • Be the first to comment

  • Be the first to like this

01.31.2020 Financial Statements (Updated 02.05.2020)

  1. 1. ASSETS: Cash: Commerce Bank Checking 23,734.94$ Commerce Bank Savings 72,236.85 95,971.79$ Due from 2018 Fall Meeting 154.00 Deposits - 2020 Conference 200.00 TOTAL ASSETS 96,325.79$ NET ASSETS: Restricted Funds: District/Fall Meeting Overages 9,010.95$ Current Biennium Shortage (5,606.08) 3,404.87$ Region Conference Overages 19,542.37 Dreams in Action Principal 38,060.04 Dreams in Action to Distribute 2,160.84 Current Biennium Income 1,821.15 Current Biennium Distributions (2,193.84) 1,788.15 10K Reserve Fund 10,000.00 Mandatory Region Conference Fees 1,530.00 Mandatory Region Conference Fees Received 3,360.00 Mandatory Region Conference Fees Disbursed (2,970.00) 1,920.00 Previous Biennium Carryover 9,322.69 Current Biennium Operating Revenue 12,287.67 TOTAL NET ASSETS 96,325.79$ SOROPTIMIST INTERNATIONAL OF THE AMERICAS SOUTH CENTRAL REGION STATEMENT OF FINANCIAL POSITION January 31, 2020
  2. 2. OPERATING REVENUES & EXPENSES: Revenues: Dues, Membership 31,360.00$ Dues, New Member 3,024.00 Interest Income 86.45 Total Operating Revenues 34,470.45$ Expenses: Governor 1,403.79$ Governor Elect 1,131.23 Region Board 6,517.85 District I 861.28 District II 1,039.46 District III 972.57 Governor's Roundtable 3,200.00 Insurance 1,125.00 Region Website 806.60 Live Your Dream Awards 4,125.00 Soroptimist of the Year 1,000.00 Total Operating Expenses 22,182.78$ Net Operating Revenues in Excess of Expenses 12,287.67$ RESTRICTED FUNDS REVENUES & EXPENSES: Revenues: Dreams in Action to Distribute: Interest Income 85.81$ Silent Auction 1,735.34 Lucky Laurel Lottery 3,000.00 Fall Meeting Revenues 27,844.00 Mandatory Region Conference Fees 3,360.00 Mandatory Fall Meeting Fees 3,360.00 Total Restricted Fund Revenues 39,385.15$ Expenses: Dreams in Action Distributions 2,193.84$ Lucky Laurel Lottery 3,000.00 Fall Meeting Expenses 33,450.08 SI Alvin - Sheetrock Project 125.00 Mandatory Region Conference Fees 2,970.00 Mandatory Fall Meeting Fees 3,360.00 Total Restricted Fund Expenses 45,098.92$ Net Restricted Fund Expenses in Excess of Revenues (5,713.77) TOTAL CHANGE IN NET ASSETS 6,573.90$ NET ASSETS AT BEGINNING OF BIENNIUM 89,751.89$ NET ASSETS AT JANUARY 31, 2020 96,325.79$ STATEMENT OF REVENUES AND EXPENSES July 1, 2018 through January 31, 2020 SOROPTIMIST INTERNATIONAL OF THE AMERICAS SOUTH CENTRAL REGION
  3. 3. Budget Actual OPERATING REVENUES & EXPENSES Revenues: Dues, Membership (850 members) 34,000.00$ 31,360.00$ Dues, New Member @ $20 2,000.00 995.00 Dues, New Member @ $18 540.00 1,412.00 Dues, New Member @ $15 255.00 617.00 Interest Income 150.00 86.45 36,945.00$ 34,470.45$ Expenses: Governor 3,400.00$ 1,403.79$ Governor-Elect 3,195.00 1,131.23 Region Board 10,000.00 6,517.85 District I Director 1,200.00 861.28 District II Director 900.00 1,039.46 District III Director 1,200.00 972.57 Governor's Roundtable 3,500.00 3,200.00 Audit & Treasurer's Bond (incl. insurance) 1,000.00 1,125.00 Region Committees 200.00 - Region Website 1,600.00 806.60 Remembrance 500.00 - Live Your Dream Awards 8,250.00 4,125.00 Soroptimist of the Year 2,000.00 1,000.00 36,945.00$ 22,182.78 STATEMENT OF REVENUES AND EXPENSES JULY 1, 2018 THROUGH JANUARY 31, 2020 COMPARED TO 2018 - 2020 BIENNIAL BUDGET SOROPTIMIST INTERNATIONAL OF THE AMERICAS SOUTH CENTRAL REGION

×