Treasurer Report February 2015
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Treasurer’s Report Date: 17 February 2015 This snapshot report is submitted to the Board of Directors by Jerrod Milton.
Works in Progress/Complete, Critical Dependencies, and ETAs Closure of FY 2014 books – proper establishment of chart of accounts is largely complete (with gratitude to Finance Committee member, Robyn Yang). Financial records audit of fiscal period 12/1/2013 through 5/31/2014 pending engagement of Richard Olana. Mr. Olana was contacted by email indicating the Finance Committee was prepared to support the audit for this fiscal period, per provisions stated in Club bylaws. FY 2013-2014 Actual to Budget Summary – submitted to board for discussion prior to member meeting this evening. FY 2014-2015 Budget – thoughtfully drafted, and refined (with gratitude to Randy Stafford and Robyn Yang). Submitted to board for discussion / approval prior to member meeting this evening. Treasury Details Account Balance Details (as of 2/17/2015). Does not include residual funds that may exist in JeffCo School accounts held on behalf of CGL. Primary Checking Account Current posted balance
$5,047.63 Subtotal
KSNR Capital Account Current posted balance
$5,047.63
$3,082.02 Subtotal
Club Reserve Account Current posted balance
$3,082.02
$1,751.19 Subtotal
PayPal Merchant Account
$1,751.19 $0.00
Subtotal
$0.00
Total Cash Asset Balance - All Accounts
$9,881
Accounts Payable The club will be invoiced for the apparel items procured through Sports Authority (SA) and recently sold via member order. Dale Anderson has provided a preliminary estimate of $758 that will be due to SA upon delivery of the apparel this quarter (currently being customized).
Chatfield Girls Lacrosse Club PROFIT AND LOSS June 1, 2014 - February 17, 2015 TOTAL Income Clothing Sales Apparel - new wearables program Total Clothing Sales
1,580.74 1,580.74
King Soopers Program King Soopers Cards
35.00
Total King Soopers Program
35.00
Player Assessment Fees
486.00
Pre-season League Play Winter I League
1,020.00
Winter II League
4,070.00
Youth Summer Program
1,113.00
Total Pre-season League Play
6,203.00
Total Income
$8,304.74
Gross Profit
$8,304.74
Expenses Apparel Apparel - New Wearables Program Total Apparel
2,911.50 2,911.50
Community Events & Recognition Banquet expenses Total Community Events & Recognition
67.50 67.50
General Administrative Expenses & Other Accounting - Quickbooks Online Former Member Liquidation - KS Cards King Soopers Cards League Athletics Annual Email Fee Office Supplies Pay Pal Fees
298.65 1,504.26 40.00 108.50 15.99 129.28
PO Box Rental
74.00
Registration fees - Colo Sec. of State
10.00
Tax Exemptoin - parentbooster.org Total General Administrative Expenses & Other
135.00 2,315.68
Minor Equipment Equipment Repair
18.00
Equipment(from Coach's Request)
99.03
Total Minor Equipment
117.03
Pre-season Program Expenses Foothills Sports Arena Rental (Winter Clinic)
3,540.00
Total Pre-season Program Expenses
3,540.00
Total Expenses
$8,951.71
Net Operating Income
$ (646.97)
Other Income Interest Earned
0.39
Total Other Income
$0.39
Net Other Income
$0.39
Net Income
$ (646.58)
Tuesday, Feb 17, 2015 11:41:43 AM PST GMT-7 - Cash Basis
Treasurer’s Report Date: 17 February 2015 This snapshot report is submitted to the Board of Directors by Jerrod Milton.
Works in Progress/Complete, Critical Dependencies, and ETAs Closure of FY 2014 books – proper establishment of chart of accounts is largely complete (with gratitude to Finance Committee member, Robyn Yang). Financial records audit of fiscal period 12/1/2013 through 5/31/2014 pending engagement of Richard Olana. Mr. Olana was contacted by email indicating the Finance Committee was prepared to support the audit for this fiscal period, per provisions stated in Club bylaws. FY 2013-2014 Actual to Budget Summary – submitted to board for discussion prior to member meeting this evening. FY 2014-2015 Budget – thoughtfully drafted, and refined (with gratitude to Randy Stafford and Robyn Yang). Submitted to board for discussion / approval prior to member meeting this evening. Treasury Details Account Balance Details (as of 2/17/2015). Does not include residual funds that may exist in JeffCo School accounts held on behalf of CGL. Primary Checking Account Current posted balance
$5,047.63 Subtotal
KSNR Capital Account Current posted balance
$5,047.63
$3,082.02 Subtotal
Club Reserve Account Current posted balance
$3,082.02
$1,751.19 Subtotal
PayPal Merchant Account
$1,751.19 $0.00
Subtotal
$0.00
Total Cash Asset Balance - All Accounts
$9,881
Accounts Payable The club will be invoiced for the apparel items procured through Sports Authority (SA) and recently sold via member order. Dale Anderson has provided a preliminary estimate of $758 that will be due to SA upon delivery of the apparel this quarter (currently being customized).
Chatfield Girls Lacrosse Club PROFIT AND LOSS June 1, 2014 - February 17, 2015 TOTAL Income Clothing Sales Apparel - new wearables program Total Clothing Sales
1,580.74 1,580.74
King Soopers Program King Soopers Cards
35.00
Total King Soopers Program
35.00
Player Assessment Fees
486.00
Pre-season League Play Winter I League
1,020.00
Winter II League
4,070.00
Youth Summer Program
1,113.00
Total Pre-season League Play
6,203.00
Total Income
$8,304.74
Gross Profit
$8,304.74
Expenses Apparel Apparel - New Wearables Program Total Apparel
2,911.50 2,911.50
Community Events & Recognition Banquet expenses Total Community Events & Recognition
67.50 67.50
General Administrative Expenses & Other Accounting - Quickbooks Online Former Member Liquidation - KS Cards King Soopers Cards League Athletics Annual Email Fee Office Supplies Pay Pal Fees
298.65 1,504.26 40.00 108.50 15.99 129.28
PO Box Rental
74.00
Registration fees - Colo Sec. of State
10.00
Tax Exemptoin - parentbooster.org Total General Administrative Expenses & Other
135.00 2,315.68
Minor Equipment Equipment Repair
18.00
Equipment(from Coach's Request)
99.03
Total Minor Equipment
117.03
Pre-season Program Expenses Foothills Sports Arena Rental (Winter Clinic)
3,540.00
Total Pre-season Program Expenses
3,540.00
Total Expenses
$8,951.71
Net Operating Income
$ (646.97)
Other Income Interest Earned
0.39
Total Other Income
$0.39
Net Other Income
$0.39
Net Income
$ (646.58)
Tuesday, Feb 17, 2015 11:41:43 AM PST GMT-7 - Cash Basis
