2006 LGA ANNUAL
REPORTING
LAKE GASTON ASSOCIATION
Annual Report of the Treasurer
June 9, 2007
Bill Weaver, CPA-Retired,
has audited the financial operations of the Lake Gaston Association for the
calendar year 2006. He found the balance sheets to be in order. His report
will be published in the next LGA Bulletin.
June 2007 assets are
$39,380 compared to$29,438 and $28,394 in June 2006 & 2005, respectively.
The calendar year 2006
Banking Summary is attached with the previous year’s figures for comparison.
Our income exceeded expenditures by about 5%.
A 2007 Year-to-Date
comparison of income and expenses with this (calendar) year’s budget is also
attached. Note, we have already exceeded our budgeted amount for 2007 dues.
Respectfully
submitted,
William Lindenmuth
Treasurer
2006 BANKING SUMMARY
|
Banking Summary - 1/1/2006 Through 12/31/2006
|
2005 |
|
|
|
|
|
Category/Description |
|
|
|
|
|
|
|
INCOME |
|
|
|
Current Year Dues |
$17,501 |
|
|
Gifts Received |
$75 |
|
|
Sale of Neighborhood
Watch Signs |
$12 |
|
|
Interest Inc |
$470 |
|
|
TOTAL INCOME |
$18,058 |
|
|
|
|
|
|
TRANSFERS |
|
|
|
FROM Prepaid 2007 Dues |
$10,702 |
|
|
|
|
|
|
INCOME +
TRANSFERS |
$28,760 |
$24,359 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
Administration/Annual
Meeting |
$690 |
$3,030 |
|
Chamber Of Commerce |
$230 |
$135 |
|
Communications -
Newsletter |
$2,223 |
$3,077 |
|
Directors Meeting |
$580 |
$480 |
|
Environmental |
$344 |
$416 |
|
Executive
Director |
$12,000 |
$6,000 |
|
Data Base Maintenance |
$2,274 |
$2,138 |
|
Office Space Rent |
$1,300 |
$600 |
|
Computer |
$1,241 |
$744 |
|
Office Supplies |
$319 |
|
|
Office Travel |
$12 |
|
|
Postage |
$153 |
$15 |
|
Telephone Expense |
$1,514 |
$911 |
|
TOTAL
Executive Director |
$18,814 |
$10,408 |
|
Membership -
General |
|
$146 |
|
Marketing |
$460 |
$0 |
|
Printing |
$1,379 |
$4,265 |
|
Publicity |
$325 |
|
|
TOTAL
Membership - General |
$2,164 |
$4,411 |
|
PO Box Rent |
$38 |
$38 |
|
President |
$62 |
$125 |
|
Printing - Other |
|
$53 |
|
Public Affairs -
Forums & Events |
$868 |
|
|
Clothing Sales |
$15 |
|
|
Favors and Giveaways |
$352 |
|
|
TOTAL Public
Affairs - Forums & Events |
$1,235 |
$1,547 |
|
Safety Committee |
$430 |
$80 |
|
Secretary |
|
$20 |
|
Storage |
$500 |
$500 |
|
Treasurer |
$51 |
|
|
Bank Charge |
$53 |
|
|
TOTAL
Treasurer |
$105 |
$162 |
|
Web Site |
|
$70 |
|
Weed Control |
|
$1,970 |
|
TOTAL EXPENSES |
$27,415 |
$26,522 |
|
|
|
|
|
OVERALL TOTAL |
$1,345 |
($2,163) |
2006 AUDIT REPORT
|
