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 28 th (Rachel Czuba, Stephanie Dasher, Rob Eckenrode)
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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
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