Nordonia Athletic Boosters Financial Review June 2019 · 2019-08-07 · Friday, July 5, 2019 09:40 AM GMT-7 1/1 Nordonia Athletic BoostersCHECK DETAIL June 2019 DATE TRANSACTION TYPE
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Nordonia Athletic Boosters
Financial Review
June 2019 Enclosed:
1. Profit and Loss by Month (Detailed)
2. Balance Sheet
3. Check Detail Report
4. Bank Reconciliation – Checking
5. Bank Reconciliation – Money Market
6. YTD Budget to Actual Comparison
7. PayPal Statement
Notes for June:
Earned 50% Profit on concessions on for fiscal year
Net monthly concession revenue (expense) = ($482)
Total owed to FBP for Track concessions =$1,151 for 2019 (all paid as of 6/4)
No new memberships
Received check for Mulch Madness of $29,160
Net Income of $22,416.74 (due to MM check)
Notable June Payments (see Check Detail Report for all payments made via check) :
o $4,297 to Nordonia Athletic Department: $395 for Volleyball equipment and $3,902.50 to pay for
uniform costs that Athletic Dept was underfunded for (per Rob Eckenrode request) – paid
remaining budget for team requests.
o $2,071 to Brian Riedel for reimbursements of: $1,906 for gift cards for Mulch Madness and $165
for gift cards for state track qualifiers
o Concession Expenses: $640.20 for Coke and $411.87 for Peck Food Service
Total Cash Balance at 6/30/19: $44,362.97
Year‐to‐Date Results:
Net Mulch Madness profit: $26,785.30
Net Concessions profit: $27,856 (includes equipment purchases)
Net Membership profit: $5,147
Net Advertising (Programs/Banners) profit: $9,329
Other Fundraising (net):
o Spirit Wear: $1,402
o Blossom: $982
o Other: $866
Net Income: $16,716
YTD Budget to Actual Comparison:
$9,186 over budget net concession revenue
$9,564 over budget net other fundraising revenue (includes mulch madness, spirt wear, etc.)
$326 under budget net membership revenue
$861 under budget net marketing revenue
Other Financial Matters:
No response back yet from IRS – sent letter 5/13, received by IRS 5/21
Audit committee to review financial records on July 28th (Rachel Czuba, Stephanie Dasher, Rob Eckenrode)
Accrual Basis Friday, July 5, 2019 09:32 AM GMT-7 1/3
Nordonia Athletic BoostersPROFIT AND LOSS BY MONTH
July 2018 - June 2019
JUL 2018 AUG 2018 SEP 2018 OCT 2018 NOV 2018 DEC 2018 JAN 2019 FEB 2019 MAR 2019 APR 2019 MAY 2019 JUN 2019 TOTAL
Income
4010 Membership 5,200.00 1,400.00 225.00 300.00 175.00 150.00 75.00 75.00 175.00 $7,775.00
4011 Parking 550.00 100.00 -50.00 $600.00
4012 Football Tickets 50.00 $50.00
Total 4010 Membership 5,800.00 1,500.00 225.00 250.00 175.00 150.00 75.00 75.00 175.00 $8,425.00
4020 Fundraising Income $0.00
4021 Mulch Madness 175.00 29,160.00 $29,335.00
4022 50/50 Income 266.00 109.00 $375.00
4026 Spirit Merchandise 1,710.00 225.00 1,536.00 240.50 $3,711.50
4029 Blossom Income 96.25 475.11 410.25 $981.61
4030 Other Fundraising Income
160.74 264.00 66.00 $490.74
4031 Sports Teams Fundraising Income
795.00 250.00 2,800.00 860.00 $4,705.00
Total 4020 Fundraising Income
96.25 475.11 266.00 1,710.00 269.74 1,020.00 514.00 2,800.00 2,462.00 415.50 29,570.25 $39,598.85
4040 Marketing Income $0.00
4041 Program Sales 615.00 155.00 -15.00 15.00 150.00 135.00 $1,055.00
4042 Ads Sales for Programs 4,650.00 550.00 350.00 $5,550.00
4043 Shout-Outs Income 345.00 45.00 $390.00
4044 Banners Income 5,000.00 900.00 250.00 400.00 $6,550.00
Total 4040 Marketing Income 9,995.00 2,065.00 405.00 -15.00 750.00 15.00 150.00 45.00 135.00 $13,545.00
4050 Contribution Income 270.00 1.00 $271.00
4100 Concession Income $0.00
4101 Concession Income - Football
375.00 8,685.51 7,844.97 2,684.50 $19,589.98
4110 Concession Income - Volleyball
572.00 1,238.00 724.00 $2,534.00
4120 Concession Income - Boys Soccer
231.00 1,352.63 1,742.50 1,568.68 $4,894.81
4121 Concession Income - Girls Soccer
104.50 308.25 1,311.00 408.00 633.50 $2,765.25
4130 Concession Income - Boys Basketball
2,091.48 644.00 5,021.90 291.50 $8,048.88
4131 Concession Income - Girls Basketball
945.79 117.09 1,804.64 252.00 $3,119.52
4140 Concession Income - Wrestling
4.00 6,911.44 $6,915.44
4150 Concession Income - 4,370.90 3,455.95 $7,826.85
Accrual Basis Friday, July 5, 2019 09:32 AM GMT-7 2/3
JUL 2018 AUG 2018 SEP 2018 OCT 2018 NOV 2018 DEC 2018 JAN 2019 FEB 2019 MAR 2019 APR 2019 MAY 2019 JUN 2019 TOTAL
HS Track
4151 Concession Income - MS Track
525.46 391.44 $916.90
4152 Concession Income - Other
1,739.24 723.20 $2,462.44
Total 4100 Concession Income
104.50 1,486.25 12,587.14 10,719.47 4,886.68 3,041.27 7,672.53 6,826.54 543.50 4,896.36 5,586.63 723.20 $59,074.07
Total Income $104.50 $17,377.50 $16,627.25 $11,615.47 $6,831.68 $4,236.01 $9,127.53 $7,565.54 $3,418.50 $7,579.36 $6,137.13 $30,293.45 $120,913.92
GROSS PROFIT $104.50 $17,377.50 $16,627.25 $11,615.47 $6,831.68 $4,236.01 $9,127.53 $7,565.54 $3,418.50 $7,579.36 $6,137.13 $30,293.45 $120,913.92
Expenses
6020 Marketing Expenses $0.00
6021 Program Printing Expenses
1,903.00 922.50 635.50 $3,461.00
6022 Banners Expense 755.00 $755.00
Total 6020 Marketing Expenses
2,658.00 922.50 635.50 $4,216.00
6120 Bank Charges 96.65 14.33 11.92 120.49 10.45 -9.60 9.62 3.31 $257.17
6155 Contributions 100.00 $100.00
6180 Insurance 100.00 $100.00
6290 Rent 96.00 25.00 $121.00
6300 Sports Team Expenses $0.00
6301 Athletic Department Team Expense Requests
$0.00
6302 Sports Equipment -Athletic Dept
15,529.00 -14,704.00 $825.00
6303 Team Uniforms - Athletic Dept
14,704.00 14,704.00 3,902.50 $33,310.50
6304 Other Team Expenses-Athletic Dept
5,000.00 5,000.00 $10,000.00
Total 6301 Athletic Department Team Expense Requests
30,233.00 0.00 5,000.00 5,000.00 3,902.50 $44,135.50
6310 Sports Team Expenses - Team Requests
$0.00
6311 Sports Equipment - Team
395.00 $395.00
6312 Team Uniforms - Team 2,790.00 2,062.50 $4,852.50
6313 Other Team Expenses - Team
650.00 $650.00
Total 6310 Sports Team Expenses - Team Requests
2,790.00 2,062.50 650.00 395.00 $5,897.50
Total 6300 Sports Team Expenses
30,233.00 0.00 2,790.00 5,000.00 2,062.50 5,650.00 4,297.50 $50,033.00
6314 Athlete Sponsorships 460.00 115.00 $575.00
6315 Awards /Recognition 54.95 200.00 1,165.50 164.85 $1,585.30
Accrual Basis Friday, July 5, 2019 09:32 AM GMT-7 3/3
JUL 2018 AUG 2018 SEP 2018 OCT 2018 NOV 2018 DEC 2018 JAN 2019 FEB 2019 MAR 2019 APR 2019 MAY 2019 JUN 2019 TOTAL
6320 Fundraising Expenses $0.00
6321 Mulch Madness Expense
99.00 544.39 1,906.31 $2,549.70
6322 Spirit Merchandise Expenses
1,231.00 175.00 803.20 100.00 $2,309.20
6324 Sports Teams Fundraising Expenses
795.00 2,800.00 860.00 $4,455.00
Total 6320 Fundraising Expenses
1,231.00 970.00 2,800.00 1,762.20 644.39 1,906.31 $9,313.90
6325 Team Donations 250.00 $250.00
6326 Other Donations 200.00 $200.00
6330 Membership Expenses $0.00
6331 Membership Merchandise Expense
1,109.00 $1,109.00
6332 Parking Expense 169.50 $169.50
6333 Football Tickets 1,500.00 450.00 50.00 $2,000.00
Total 6330 Membership Expenses
1,500.00 1,728.50 50.00 $3,278.50
6400 Concession Expenses $0.00
6401 Concession Food and Supplies
1,750.06 5,741.85 2,721.59 6,510.08 696.94 2,690.94 1,796.63 1,405.37 2,257.09 2,936.94 1,205.07 $29,712.56
6402 Concession Equipment 246.72 1,259.00 $1,505.72
Total 6400 Concession Expenses
1,750.06 5,741.85 2,968.31 6,510.08 696.94 2,690.94 1,796.63 1,405.37 3,516.09 2,936.94 1,205.07 $31,218.28
6750 Scholarship Expense 2,000.00 $2,000.00
6800 Other Business Expenses
100.00 50.00 $150.00
Uncategorized Expense -192.57 192.57 $0.00
Total Expenses $96.00 $3,346.71 $10,627.68 $33,020.66 $8,254.14 $3,591.89 $9,593.89 $4,149.53 $12,170.37 $5,913.79 $4,756.45 $7,877.04 $103,398.15
NET OPERATING INCOME $8.50 $14,030.79 $5,999.57 $ -21,405.19 $ -1,422.46 $644.12 $ -466.36 $3,416.01 $ -8,751.87 $1,665.57 $1,380.68 $22,416.41 $17,515.77
Other Income
4500 Interest Earned 0.30 0.30 0.29 0.40 0.13 0.13 0.11 0.13 0.12 0.13 0.33 $2.37
Total Other Income $0.30 $0.30 $0.29 $0.00 $0.40 $0.13 $0.13 $0.11 $0.13 $0.12 $0.13 $0.33 $2.37
Other Expenses
6690 Losses 792.69 9.50 $802.19
Total Other Expenses $792.69 $9.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $802.19
NET OTHER INCOME $ -792.39 $ -9.20 $0.29 $0.00 $0.40 $0.13 $0.13 $0.11 $0.13 $0.12 $0.13 $0.33 $ -799.82
NET INCOME $ -783.89 $14,021.59 $5,999.86 $ -21,405.19 $ -1,422.06 $644.25 $ -466.23 $3,416.12 $ -8,751.74 $1,665.69 $1,380.81 $22,416.74 $16,715.95
Accrual Basis Friday, July 5, 2019 09:57 AM GMT-7 1/1
Nordonia Athletic BoostersBALANCE SHEETAs of June 30, 2019
TOTAL
ASSETS
Current Assets
Bank Accounts
1100 Cash
1110 Cash on hand 150.00
1120 Checking 0.00
1121 New Checking 16,721.11
1130 Money Market 27,491.86
1150 Petty Cash 0.00
Total 1100 Cash 44,362.97
Total Bank Accounts $44,362.97
Accounts Receivable
1200 Accounts Receivable (A/R) 0.00
Total Accounts Receivable $0.00
Other Current Assets
1199 Undeposited Funds 0.00
Total Other Current Assets $0.00
Total Current Assets $44,362.97
TOTAL ASSETS $44,362.97
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
2001 Due to Athletic Department 0.00
2002 Accrued Expenses 0.00
Total Other Current Liabilities $0.00
Total Current Liabilities $0.00
Total Liabilities $0.00
Equity
3000 Retained Earnings 27,647.02
Net Income 16,715.95
Total Equity $44,362.97
TOTAL LIABILITIES AND EQUITY $44,362.97
Friday, July 5, 2019 09:40 AM GMT-7 1/1
Nordonia Athletic BoostersCHECK DETAIL
June 2019
DATE TRANSACTION TYPE
NUM NAME MEMO/DESCRIPTION CLR AMOUNT
1100 Cash
1121 New Checking
06/06/2019 Check 4067 Coca Cola Bottling Company R -640.20
Concession Stand Expenses 640.20
06/06/2019 Check 4068 Nordonia Hills Foundation R -100.00
Hole Sponsor for Foundation Golf Outing
100.00
06/06/2019 Check 4069 Brian Riedel Check 4043 Check R -2,071.16
Mulch Madness Reimbursements - gift cards to students
1,906.31
Reimbursement for gift cards to state track qualifiers
164.85
06/09/2019 Check 4070 Nordonia Athletic Department Check 4040 Check R -4,297.50
Volleyball Vertical Jumper Equipment
395.00
Additional funds for Athletic Department for Uniforms
3,902.50
06/12/2019 Check 4071 Peck Food Service R -411.87
Food for concession stand 411.87
06/24/2019 Check 4072 MTKYN -200.00
Donation of concession revenue to the MTKYN Foundation from the Denzel Ward Football Camp
200.00
06/27/2019 Check 4073 Start Up Cash R -150.00
start up cash for soccer camp event 150.00
-31,915.29
31,490.45
-200.00
Nordonia Athletic Boosters
1121 New Checking, Period Ending 06/30/2019
RECONCILIATION REPORT
Reconciled on: 07/05/2019
Reconciled by: nordonia.athleticboosters@nordoniaschools.org
Any changes made to transactions after this date aren't included in this report.
Summary USD
Statement beginning balance 17,345.95Checks and payments cleared (12) -31,915.29Deposits and other credits cleared (6) 31,490.45Statement ending balance 16,921.11
Uncleared transactions as of 06/30/2019 -200.00Register balance as of 06/30/2019 16,721.11
Details
Checks and payments cleared (12)
DATE TYPE REF NO. PAYEE AMOUNT (USD)
04/29/2019 Journal 39 -1,000.00
05/17/2019 Check 4065 Kimpton -100.00
05/31/2019 Check 4066 Crown Trophy -1,165.50
06/06/2019 Check 4069 Brian Riedel -2,071.16
06/06/2019 Check 4068 Nordonia Hills Foundation -100.00
06/06/2019 Check 4067 Coca Cola Bottling Company -640.20
06/07/2019 Journal 48 -3.31
06/09/2019 Check 4070 Nordonia Athletic Department -4,297.50
06/12/2019 Journal 46 -1,975.75
06/12/2019 Check 4071 Peck Food Service -411.87
06/19/2019 Transfer -20,000.00
06/27/2019 Check 4073 Start Up Cash -150.00
Total
Deposits and other credits cleared (6)
DATE TYPE REF NO. PAYEE AMOUNT (USD)
04/30/2019 Journal 39R 1,000.00
06/10/2019 Deposit Mulch Madness 29,160.00
06/10/2019 Deposit Concessions 90.50
06/10/2019 Deposit Concessions 479.70
06/10/2019 Transfer 350.00
06/21/2019 Deposit 410.25
Total
Additional Information
Uncleared checks and payments as of 06/30/2019
DATE TYPE REF NO. PAYEE AMOUNT (USD)
06/24/2019 Check 4072 MTKYN -200.00
Total
Page 1 of 1
7/5/2019https://c16.qbo.intuit.com/app/reconcile?accountId=114&showHistory=true&displayReport...
20,000.33
Nordonia Athletic Boosters
1130 Money Market, Period Ending 06/30/2019
RECONCILIATION REPORT
Reconciled on: 07/05/2019
Reconciled by: nordonia.athleticboosters@nordoniaschools.org
Any changes made to transactions after this date aren't included in this report.
Summary USD
Statement beginning balance 7,491.53Checks and payments cleared (0) 0.00Deposits and other credits cleared (2) 20,000.33Statement ending balance 27,491.86
Register balance as of 06/30/2019 27,491.86
Details
Deposits and other credits cleared (2)
DATE TYPE REF NO. PAYEE AMOUNT (USD)
06/19/2019 Transfer 20,000.00
06/28/2019 Journal 47 0.33
Total
Page 1 of 1
7/5/2019https://c16.qbo.intuit.com/app/reconcile?accountId=31&showHistory=true&displayReport=...
Accrual Basis Friday, July 5, 2019 10:03 AM GMT-7 1/3
Nordonia Athletic BoostersBUDGET VS. ACTUALS: BUDGET DRAFT - FY19 P&L
July 2018 - June 2019
TOTAL
ACTUAL BUDGET OVER BUDGET % OF BUDGET
Income
4010 Membership 7,775.00 8,800.00 -1,025.00 88.35 %
4011 Parking 600.00 600.00
4012 Football Tickets 50.00 50.00
Total 4010 Membership 8,425.00 8,800.00 -375.00 95.74 %
4020 Fundraising Income
4021 Mulch Madness 29,335.00 26,000.00 3,335.00 112.83 %
4022 50/50 Income 375.00 300.00 75.00 125.00 %
4026 Spirit Merchandise 3,711.50 1,250.00 2,461.50 296.92 %
4029 Blossom Income 981.61 571.00 410.61 171.91 %
4030 Other Fundraising Income 490.74 490.74
4031 Sports Teams Fundraising Income 4,705.00 4,705.00
Total 4020 Fundraising Income 39,598.85 28,121.00 11,477.85 140.82 %
4040 Marketing Income
4041 Program Sales 1,055.00 1,055.00
4042 Ads Sales for Programs 5,550.00 5,550.00 0.00 100.00 %
4043 Shout-Outs Income 390.00 545.00 -155.00 71.56 %
4044 Banners Income 6,550.00 6,550.00 0.00 100.00 %
Total 4040 Marketing Income 13,545.00 12,645.00 900.00 107.12 %
4050 Contribution Income 271.00 400.00 -129.00 67.75 %
4100 Concession Income 48,000.00 -48,000.00
4101 Concession Income - Football 19,589.98 19,589.98
4110 Concession Income - Volleyball 2,534.00 2,534.00
4120 Concession Income - Boys Soccer 4,894.81 4,894.81
4121 Concession Income - Girls Soccer 2,765.25 2,765.25
4130 Concession Income - Boys Basketball 8,048.88 8,048.88
4131 Concession Income - Girls Basketball 3,119.52 3,119.52
4140 Concession Income - Wrestling 6,915.44 6,915.44
4150 Concession Income - HS Track 7,826.85 7,826.85
4151 Concession Income - MS Track 916.90 916.90
4152 Concession Income - Other 2,462.44 2,462.44
Total 4100 Concession Income 59,074.07 48,000.00 11,074.07 123.07 %
Total Income $120,913.92 $97,966.00 $22,947.92 123.42 %
GROSS PROFIT $120,913.92 $97,966.00 $22,947.92 123.42 %
Expenses
6020 Marketing Expenses
6021 Program Printing Expenses 3,461.00 1,700.00 1,761.00 203.59 %
6022 Banners Expense 755.00 755.00 0.00 100.00 %
Total 6020 Marketing Expenses 4,216.00 2,455.00 1,761.00 171.73 %
6120 Bank Charges 257.17 200.00 57.17 128.59 %
6155 Contributions 100.00 100.00
6180 Insurance 100.00 100.00 0.00 100.00 %
Accrual Basis Friday, July 5, 2019 10:03 AM GMT-7 2/3
TOTAL
ACTUAL BUDGET OVER BUDGET % OF BUDGET
6290 Rent 121.00 121.00 0.00 100.00 %
6300 Sports Team Expenses
6301 Athletic Department Team Expense Requests
6302 Sports Equipment -Athletic Dept 825.00 5,000.00 -4,175.00 16.50 %
6303 Team Uniforms - Athletic Dept 33,310.50 30,200.00 3,110.50 110.30 %
6304 Other Team Expenses-Athletic Dept 10,000.00 5,000.00 5,000.00 200.00 %
Total 6301 Athletic Department Team Expense Requests
44,135.50 40,200.00 3,935.50 109.79 %
6310 Sports Team Expenses - Team Requests
9,800.00 -9,800.00
6311 Sports Equipment - Team 395.00 395.00
6312 Team Uniforms - Team 4,852.50 4,852.50
6313 Other Team Expenses - Team 650.00 650.00
Total 6310 Sports Team Expenses - Team Requests
5,897.50 9,800.00 -3,902.50 60.18 %
Total 6300 Sports Team Expenses 50,033.00 50,000.00 33.00 100.07 %
6314 Athlete Sponsorships 575.00 1,035.00 -460.00 55.56 %
6315 Awards /Recognition 1,585.30 2,200.00 -614.70 72.06 %
6320 Fundraising Expenses
6321 Mulch Madness Expense 2,549.70 6,400.00 -3,850.30 39.84 %
6322 Spirit Merchandise Expenses 2,309.20 1,000.00 1,309.20 230.92 %
6324 Sports Teams Fundraising Expenses 4,455.00 4,455.00
Total 6320 Fundraising Expenses 9,313.90 7,400.00 1,913.90 125.86 %
6325 Team Donations 250.00 250.00
6326 Other Donations 200.00 200.00
6330 Membership Expenses 3,229.00 -3,229.00
6331 Membership Merchandise Expense 1,109.00 1,109.00
6332 Parking Expense 169.50 169.50
6333 Football Tickets 2,000.00 2,000.00
Total 6330 Membership Expenses 3,278.50 3,229.00 49.50 101.53 %
6400 Concession Expenses
6401 Concession Food and Supplies 29,712.56 27,300.00 2,412.56 108.84 %
6402 Concession Equipment 1,505.72 2,030.00 -524.28 74.17 %
Total 6400 Concession Expenses 31,218.28 29,330.00 1,888.28 106.44 %
6750 Scholarship Expense 2,000.00 2,000.00 0.00 100.00 %
6800 Other Business Expenses 150.00 150.00
Uncategorized Expense 0.00 0.00
Total Expenses $103,398.15 $98,070.00 $5,328.15 105.43 %
NET OPERATING INCOME $17,515.77 $ -104.00 $17,619.77 -16,842.09 %
Other Income
4500 Interest Earned 2.37 2.37
Total Other Income $2.37 $0.00 $2.37 0.00%
Other Expenses
6690 Losses 802.19 802.19
Total Other Expenses $802.19 $0.00 $802.19 0.00%
NET OTHER INCOME $ -799.82 $0.00 $ -799.82 0.00%
Accrual Basis Friday, July 5, 2019 10:03 AM GMT-7 3/3
TOTAL
ACTUAL BUDGET OVER BUDGET % OF BUDGET
NET INCOME $16,715.95 $ -104.00 $16,819.95 -16,073.03 %
Statement for June 2019 Nordonia Hills Athletic Boosters 8006 S. Bedford Dr. 44056 Macedonia Balance Summary (6/1/2019 - 6/30/2019)
Available beginning Available ending Withheld beginning Withheld endingUSD 0.00 0.00 0.00 0.00
Merchant Account ID: LKXXBZZT2SK2Y PayPal ID:nordonia.athleticboosters@nordoniaschools.org 6/1/2019 - 6/30/2019
Page 1
-- There are no transactions for this month --
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Merchant Account ID: LKXXBZZT2SK2Y PayPal ID:nordonia.athleticboosters@nordoniaschools.org 6/1/2019 - 6/30/2019
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