Mike Donnelly

As your new 4D Treasurer, I am pleased to submit the following Balance Sheet as of July 31, 2014, plus the Budget for the 2014-2015 fiscal year that was approved by the Board at its June 14, 2014 meeting.

Balance Sheet as of 31 July 2014
Assets
Checking/Savings
Old Checking  $       2,370.55
New Checking  $       1,000.00
Savings  $    29,276.70
CD Account  $    30,961.16
PSX2004 Trust  $       7,872.36
PNR2014  $       6,207.65
Total Checking/Savings  $    77,688.42
Other Assets
Prepaid Expense  $       1,000.00 Omni Trailer Downpayment
Total Current Assets  $    78,688.42
Other Assets
Patch Inventory  $          419.31
Trailers/Videos  $       7,680.52
Total Other Assets  $       8,099.83
Total Assets  $    86,788.25
Liabilities & Equity
Liabilities
HO Modular Liability  $       2,591.59
PNR2014 Liability  $       6,207.65
Total Liabilities  $       8,799.24
Equity
Prior Year  $    80,453.56
Net Assets -$750.00 (Fast Track Jigs)
Net Income -$1,714.55
Total Equity  $    77,989.01
Total Liabilities & Equity  $    86,788.25

 

Budget Fiscal Year 2014-2015
 
Income
Cash from Savings  $       5,636.00
Membership rebate  $       1,600.00
Interest and Other Income  $          400.00
Sales  $            50.00
Spring Meet Income  $          500.00
Science Center Income  $    11,050.00
Ho Modular Income  $       1,500.00
Total Income  $    20,736.00
Expense
Admin  $       1,000.00
Insurance -Directors & Officers  $       1,500.00
Insurance-Trailers  $       2,500.00
Bond for Bank Acct Signers  $                   –
Membership Promotion  $       2,000.00
Publicisty (Public Relations)  $       1,500.00
Wash State Vehicle Registration  $          250.00
Website  $          150.00
Spring Meet (Annual Meeting)  $          500.00
Education  $       1,000.00
Memberhip  $            36.00
Science Center Show  $       1,000.00
Video Library  $       2,800.00
Bremertom Northern Modular Group  $       1,000.00
Hi-Railers Modular Group  $       1,000.00
HO Modular Group  $       1,000.00
OmNi-Rail Modular Group  $       1,000.00
NTRAK Modular Group  $       1,000.00
East  Side Clinic  $          500.00
Seattle Clinic  $          400.00
Skagit Clinic  $          250.00
Tacoma Clinic  $          100.00
Whidbey Clinic  $          250.00
Total Expense  $    20,736.00
Other Income Expense
OmNi-Rail Trailer  $       9,486.00
Fast Track Jigs  $          750.00
Total Other Expense  $    10,236.00