Minnesota Racquetball Association
Statement of Financial Condition
For the Month Ended July 2018
Bank Balances, Beginning of Month …………………………….. 16,039.68
Plus:
Checking to Savings Transfer (Wells) …………………………… 150.00
Donation to Event Series …………………………………………. 2000.00
Interest Income …………………………………………………….. 0.16
Total July Income ………………………………………………... 2150.08
Less:
Service Fee (Wells) ....................................…..................…….. (14.00)
Junior Nationals Grants ........................…………………………. (400.00)
Monthly Maintance Fee (HOF account) ……………………….... (5.00)
Checking to Savings Transfer (Wells) ...................................... (150.00)
Total June Expenses .........................................................…. (569.00)
Bank Balances, End of Month ..............................................…. 17,620.76
(Bank Balance This Time Last Year was $20,098.94)
Expected Income:
Checks that have not cleared the bank ..................................... 200.00
Expected Expenses:
Director & Officer Insurance ....................................…………... (850.00)
Custom Medal Awards (for season) …………………………….. (3,577.50)
Account Balances:
General Fund (US Bank) ........................................................... 9,886.37
Wells Checking .......................................................................... 1,314.60
Wells Savings ............................................................................ 3,368.09
[ Restricted Donations ]
MN Juniors (direct donation to MRA) ......................................... 986.98
Hall of Fame (fiscal sponsorship - banquet revenue) ............…. 264.72
Event Series (tournament series) ………………………………… 2000.00
Total ........................................................................................... 17,820.76
Bank Balances, Beginning of Month …………………………….. 16,039.68
Plus:
Checking to Savings Transfer (Wells) …………………………… 150.00
Donation to Event Series …………………………………………. 2000.00
Interest Income …………………………………………………….. 0.16
Total July Income ………………………………………………... 2150.08
Less:
Service Fee (Wells) ....................................…..................…….. (14.00)
Junior Nationals Grants ........................…………………………. (400.00)
Monthly Maintance Fee (HOF account) ……………………….... (5.00)
Checking to Savings Transfer (Wells) ...................................... (150.00)
Total June Expenses .........................................................…. (569.00)
Bank Balances, End of Month ..............................................…. 17,620.76
(Bank Balance This Time Last Year was $20,098.94)
Expected Income:
Checks that have not cleared the bank ..................................... 200.00
Expected Expenses:
Director & Officer Insurance ....................................…………... (850.00)
Custom Medal Awards (for season) …………………………….. (3,577.50)
Account Balances:
General Fund (US Bank) ........................................................... 9,886.37
Wells Checking .......................................................................... 1,314.60
Wells Savings ............................................................................ 3,368.09
[ Restricted Donations ]
MN Juniors (direct donation to MRA) ......................................... 986.98
Hall of Fame (fiscal sponsorship - banquet revenue) ............…. 264.72
Event Series (tournament series) ………………………………… 2000.00
Total ........................................................................................... 17,820.76