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2005 WCOCA Treasurers Report
April 2006 to March 2007

2005 was a rough year for cash flow with WCOCA having to dip into its line of credit for $5000. WCOCA has since made a full recovery repaying the line of credit and further expects to put at least $2000 back into its cash reserve fund soon.

Travel Guide 2005 had cost over run of $3700. This primarily due to inexperience of new team. We learned. 2006 is showing a profit of at least $4000 (figures are not all in).

Open House had cost over run of about $1600. Consensus was that everyone made money and that it was one of the most successful Open House's ever so, maybe not a bad use of WCOCA resources.

Sidewalk Sales took its usual loss of $900. In the past, profits from Open House was used to make up for this loss. How did shops do for 2005 Sales?

Profit & Loss

Apr '05 - Mar '06
Income
Advertising Income
Travel Guide
39,198
OnLine (Web)
385
Total Advertising Income
39,583
Income from Events
8,105
Membership Dues
28,300
Uncategorized Income
1,855
Total Income
77,842
-
Expense
Booth Operating Exp.
Computer Supplies
337
Electric
334
Insurance
671
Miscellaneous
1,856
Paint, signs, Xmas bonus, Snow shoveling
Payroll
NetPayChecks
9,468
Tax, payroll
2,379
Workers Comp/Dis
368
Total Payroll
12,214
Telephone
2,469
Visitor supplies
916
Total Booth Operating Exp.
18,797
-
Travel Guide & brochure
Commissions
7,800
Distribution
7,498
Miscellaneous
3,241
Printing
19,725
Travel Guide & brochure - Other
693
Total Travel Guide & brochure
38,957
-
Miscellaneous
Bad Debt
115
Credit Card fees
223
MiscExpense
480
Office Supplies
1,134
Stamps, envelopes, copies, ink, etcetera
Professional Fees
2,919
Accountant, Membership Drive
Refunds
675
Taxes & Fees
25
Total Miscellaneous
5,570
-
Publicity Activities
Media
2,609
Mostly Open house ads
Coodination fees
2,790
Open House coordination
Donations
250
Event SideWSale/OpnHse
5,975
Events Other
4,375
WAMC, Music on Green, Halloween, & misc
Web
3,190
Total Publicity Activities
19,189
Total Expense
82,513
-------------------
Net Income
-4,671

Balance Sheet

May 24, '06
ASSETS
Current Assets
Checking/Savings
HUB-Checking
21,317
HUB-Savings
633
Pay Pal
1,233
Trade
4,070
Total Checking/Savings
27,254
Total Current Assets
27,254
-
Fixed Assets
Booth
Accum. Deprecation B
-483
Cost B
3,727
Total Booth
3,244
Computers
Accum. Deprecation C
-467
Cost C
2,337
Total Computers
1,870
Total Fixed Assets
5,114
-
TOTAL ASSETS
32,367
-
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Credit Cards
Creditline
-286
Total Credit Cards
-286
Total Current Liabilities
-286
Total Liabilities
-286
-
Equity
Opening Bal Equity
2,858
Retained Earnings
23,906
Net Income
5,889
Total Equity
32,654
-
TOTAL LIABILITIES & EQUITY
32,367