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Financial Report Information & Formats

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XYZ High School Spirit Booster Club
BALANCE SHEET
As of June 30, 2012


ASSETS
   BankOne Checking Account $2,154.25  
   BankOne Savings Account $5,112.77  
   Accounts Receivable $3,458.00  
   Prepaid Storage Rent $300.00  
TOTAL ASSETS   $11,025.02

LIABILITIES & EQUITY
Liabilities
   Accounts Payable $3,524.75  
   Deferred Membership Income $500.00  
   Scholarship Payable $1000.00  
Total Liabilities   $5,024.75

Equity
   Retained Earnings $1,135.12  
   Net Income (Loss) From Current Year $4,865.15  
Total Equity    
Total Expenses   $6,000.27
TOTAL LIABILITIES & EQUITY   $11,025.02

Balance Sheet and Income Statement prepared by

   
Printed Name Title
  /                    /
Signature Date

 


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XYZ High School Spirit Booster Club
INCOME STATEMENT
For the Period of July 1, 2011 through June 30, 2012


INCOME
   Catalog Sales $9,129.18
 
   Donations $2,300.00  
   Interest Income $ 38.00  
   Membership Dues (100 members) $2,000.00  
   Uniform Income (22 new uniforms ordered) $ 770.00  
Total Income   $14,237.18

EXPENSES
   Banquet
$1,388.13
 
   Catalog Sale Expense $3,752.68
 
   Postage $ 32.66  
   Scholarships $2,500.00  
   Storage Rental $ 600.00  
   Supplies $ 328.56  
   Uniform Expense $ 770.00  
Total Liabilities   $ 9,372.03

Net Income (Loss) For Current Year
  $ 4,865.15