21:3 (2006:Sept) Treasurer’s Report

August 29, 2006 at 5:37 pm | Posted in Treasurer | Leave a comment

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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