[committee] Some financial statements for 2011

[Jeremy Cole]

Aside from the fact that member accounts is really a liability, this
is a hell of a lot better than I was expecting...

Kudos guys!

Fortunately I won't be there tonight so please enjoy my absence :P

Sent from my iPhone

On 03/01/2012, at 11:12, "bob at ucc.gu.uwa.edu.au" <bob at ucc.gu.uwa.edu.au> wrote:

> Hi all,
>
> Last night [TPG] and I went through and updated the accounting records for
> the end of 2011. Two pdf's are attached with the current account balances
> and a profit and loss statement. It would be beneficial if you could
> familiarise yourselves with them before tonight if you have a moment.
>
> In an effort to preempt a few of the obvious questions:
>
> -the "member accounts" category shows that [MRD] and I are owed a few
> hundred dollars by the club (not the other way around!)
>
> -the "Imbalance" account has that value mostly due to the change in
> dispense systems (most of the amount), as well as general mistakes by
> people putting money in the safe (small amount)
>
> -the "Net income for period" figure doesn't reflect that we have spent
> several thousand dollars on tools and hardware, so don't expect there to
> be an extra $7600 available in funds
>
> -to calculate available funds you sum "member accounts" with "current
> assets", which gives $1205.16. Please note that figure doesn't include the
> cost of our O'Day stall of $90.
>
> -"miscellaneous expenses" are things such as postage costs, transaction
> fees, the cost of the $5 new-user dispense credit, as well as some
> consumables which don't come under other accounts (eg bin bags)
>
> Andrew Adamson
> UCC President
> bob at ucc.asn.au
>
> |"The faster you move, the slower time passes, the longer you live."     |
> | ---Peter's Laws                                                        |
>
>
> <Account summary 2011.pdf>
> <Profit and loss 2011.pdf>