SKIM USA FINANCIAL STATEMENT

 

                        OCTOBER 1, 2006 THROUGH SEPTEMBER 30, 2007

 

 

BEGINNING BALANCE                                                                   $3,857.60

 

INCOME                  

Membership Fee                             $     3,620.00

Sponsorship Fee                                   10,450.00

Interest                                                        54.60

Contest Entry Fee                                13,235.00

Late Fee                                                    492.00

Return of Change Bag                                 300.00

Scholarship Fund                                      443.26

Shirt Sales                                             5,667.00

Savings Account                                     2,514.81

 

            Total Income                                                    $ 36,776.67

 

 

EXPENSES

Advertising                                  $         742.10

Bank Charge                                             51.00

Contest Expenses                                 8,152.33

Contest Tee Shirts                                7,027.65

Donation                                                  405.00

Freight                                                        36.13

Insurance                                                 450.00

Merchandise                                           346.18

Office Expense                                       526.43

Postage                                                   663.19

Program Expenditures                      13,512.17

Return Checks                                         95.00

Scholarship Award                             2,000.00

Special Event Fee                                  300.00

Tax                                                           35.00

Transfer of Funds                               1,050.00

Travel Expense                                   1,494.81

Trophies                                              1,243.00

Change Bag                                             300.00

 

            Total Expenses                                     $ 38,429.99

 

            Ending Balance                                                $   2,204.28