Cash Flow – Jan 1 – May 22, 2013
Money in comes from:
Income:Interest earned $1.04
Income:LeatherCrafting Promotion $192.93
Money In $902.96
Money out goes to:
Expense:API LeatherCrafting Promotion $104.37
Expense:Love In Deed $293.92
Expense:Office Supplies $60.76
Expense:Office Supplies:Coffee Supplies $81.57
Expense:Office Supplies:Karen / Burmese Event Snacks $13.99
Expense:Office relocation 2012 expense $21.40
Expense:Staff Meeting $64.89
Expense:Taxes and Legal $8.04
Income:Interest earned $1.00
Liabilities:1099 Contractors:John Nash $180.00
Money Out $996.72
Notes: LID expense $292.92 vs. LID designated donation $180.00. A bit of a difference there.
We received the unanticipated opportunity to buy two five foot round tables in very good condition (that had been in a bank) for $55.44 (total) so that we would have our own tables in our room. We currently mooch tables off of the Abundant Life organization that generously grants us occupancy. We had raised $25 + $44 = $69 in general donation 5/7 and 5/24, which is more than enough to cover the cost, so we proceeded to commit to the purchase. This amount was posted to LID because the payee is LID, however it should probably be posted to Office Furniture instead as that more accurately describes the expense. I will likely change that in the next financial statement.
Additional funds of about $40 were pledged for Love in Deed so that we could purchase more consumable supplies (toilet paper, paper towels, Kleenex, diapers, and so forth) for those who receive other services here at Adult Life Training. We are not a rescue mission: we provide job skills training. The lack of these most basic goods interferes with job skills training, so those directly being trained here are aided when we have sufficient designated LID funds in the checking account to guarantee that the bill can be paid. Those funds have been pledged but not yet arrived. Also, the LID order was 50% larger than anticipated, coming in at $62.92 instead of around $40. This is expected to resolve over the next few days.
Income Statement For Period Covering 01/01/2013 to 05/10/2013
Notes: None of the materials for the Leather Crafting promotion have been calculated as yet. Something will be due to API Leather Crafting for the materials as they are donating the labor and profit only.
|API LeatherCrafting Promotion||$104.37|
|Love In Deed||$293.92|
|Office relocation 2012 expense||$21.40|
|Karen / Burmese Event Snacks||$13.99|
|Taxes and Legal||$8.04|
|Net income for Period||$41.24|