21:3 (2006:Sept) Treasurer’s Report
August 29, 2006 at 5:37 pm | In Treasurer |TREASURER’S REPORT
Rose Robischon, NASIG Treasurer
NASIG’s finances continue to remain stable. The balance sheet below reflects our income and assets as of July 31, 2006. Current assets are $292,229.49. This includes $261,392.74 in bank balances and $62,812.16 in the investment accounts.
Balance Sheet 7/31/2006
(Includes unrealized gains)
As of 7/31/06
|
ASSETS |
|
|
–Cash and Bank Accounts |
|
|
—-Charles Schwab-Cash |
$ 31,975.41 |
|
—-CHECKING-264 |
145,109.46 |
|
—-SAVINGS-267 |
84,307.87 |
|
–TOTAL Cash and Bank Accounts |
$ 261,392.74 |
|
|
|
|
–Investments |
|
|
—-Charles Schwab |
$ 30,836.75 |
|
–TOTAL Investments |
$ 30,836.75 |
|
|
|
| TOTAL ASSETS |
$292,229.49 |
|
|
|
|
LIABILITIES & EQUITY |
|
|
–LIABILITIES |
$ 0.00 |
|
–EQUITY |
$292,229.49 |
|
|
|
|
TOTAL LIABILITIES & EQUITY |
$277,328.38 |
The 2006 budget is on track.
NASIG Budget Expenditures
1/1/06 Through 7/31/06
|
Admin Board Expenses |
$-18,268.62 |
|
Awards & Recognition |
-7,095.88 |
|
By-Laws |
-0 |
|
Continuing Education |
-998.40 |
|
Conference Planning |
-1,122.04 |
|
Conference Site |
-0 |
|
Database & Directory |
-0 |
|
Electronic Communications |
-4,200.00 |
|
Evaluation |
-0 |
|
Membership Development |
-36.90 |
|
Nominations & Elections |
-2,783.84 |
| Proceedings |
-94.35 |
|
Program Planning Committee |
-0 |
|
Publicist |
-0 |
|
Treasurer |
-5,229.17 |
|
|
|
|
OVERALL TOTAL |
-$39,829.20 |
NASIG is, for the most part, financially stable. As has been stated before, the organization needs to keep an operating reserve in the event of an emergency.
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