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2009-12-14 STMA Ice Arena Board Agenda
4:26 PM STMA ARENA INC 04106/10 Profit & Loss Accrual Basis July through December 2009 Jul - Dec 09 Ordinary Income /Expense Income 400 • Concession Income 9,800.94 404 • Admissions 5,413.00 410 • Contributions Income 0.00 430 • Ice Time Income 106,511.36 436 • SKATE SHARPENING 703.50 440 • Miscellaneous Income 760.71 460 • Contributions Income (Donations 612.33 470 • Advertising Income 41,190.14 Total Income 164,991.98 Expense 500 • ARENA MONITORING 178.62 620 • CONCESSIONS - FOOD 3,267.04 525 • Depreciation Expense 20,422.00 550 • Insurance 4,319.00 570 • MEMBERSHIP DUES 140.00 580 • Miscellaneous 654.10 600 • Payroll Expenses 601 • Salary 24,000.00 603 • WAGES - HOURLY 14,726.93 605 • PERAIRetirement 1,620.00 606 • Medical Expense 5,445.00 607 • Dental Expense 243.38 600 • Payroll Expenses - Other 2,903.09 Total 600 • Payroll Expenses 48,938.40 602 • Bank Service Charges 14.00 608 • Professional Fees 14,407.00 620 • Office Supplies 637.25 6600 • Repairs 660 • Building Repairs 8,253.77 - - 6600 • Repairs - Other 358.00 Total 6600 • Repairs 8,611.77 _ 700-TAXES 1,199.02 710 • Telephone 817.44 7300 • Utilities 730 • Gas and Electric 32,520.32 740 • Water 6,437.68 Total 7300 • Utilities 38,958.00 745 • Refuse 709.88 760 • ICE RESURFACER EXPENSE 1,015.89 Total Expense 144,289.41 Net Ordinary Income 20,702.57 Net Income 20,702.57 Page 1 4:27 PM STMA ARENA INC 04106110 Balance Sheet Accrual Basis As of December 31, 2009 Page 1 Dec 31, 09 ASSETS Current Assets Checking /Savings 100 • Premier Banks 35,625.15 Total Checking /Savings 35,625.15 Accounts Receivable 1200 • Accounts Receivable 38,515.15 Total Accounts Receivable 38,515.15 Other Current Assets 120 • Inventory 1,656.85 1201 • A/R - SW 38,090.14 1202 • A/R- Adjustment -SW - 38,515.15 130 • Prepaid Insurance 2,444.00 Total Other Current Assets 3,675.84 Total Current Assets 77,816.14 Fixed Assets 150 • Equipment 498,323.00 160 • Land & Building 649,955.88 165 • Land Improvements 717,029.00 170 • Construction In Progress 12,000.00 180 • Accum Depreciation - 590,438.00 Total Fixed Assets 1,286,869.88 TOTAL ASSETS 1,364,686.02 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 2101 • Pay. Liabilities 3,062.63 211 • Current Portion Long Term Debt 50,154.38 _...._.... _.. 2200•. Sales .Tax .Payable .... _. ....860.00 230 • Accounts Payable - Trade 237.50 Total Other Current Liabilities 54,314.51 Total Current Liabilities 54,314.51 Total Liabilities 54,314.51 Equity 300 • Retained Earnings 1,289,668.94 Net Income 20,702.57 Total Equity 1,310,371.51 TOTAL LIABILITIES & EQUITY 1,364,686.02 Page 1 Oct 1 - Nov 1, 09 Jul 1 - Nov 1, 09 Ordinary Income/Expense Income 400 · Concession Income 203.75 499.65 404 · Admissions 978.00 5,261.00 410 · Contributions Income 275.15 3,183.15 430 · Ice Time Income 51,205.64 119,424.07 436 · SKATE SHARPENING 76.00 209.50 440 · Miscellaneous Income 2.84 15.41 460 · Contributions Income (Donations 0.00 172.18 470 · Advertising Income 1,000.00 10,594.00 Total Income 53,741.38 139,358.96 Expense 500 · ARENA MONITORING 0.00 118.88 520 · CONCESSIONS - FOOD 17.89 237.13 580 · Miscellaneous 502.37 2,957.30 600 · Payroll Expenses 601 · Salary 4,000.00 16,000.00 603 · WAGES-HOURLY 2,022.50 5,477.00 605 · PERA/Retirement 270.00 1,080.00 606 · Medical Expense 965.00 3,515.00 607 · Dental Expense 42.10 159.19 600 · Payroll Expenses - Other 434.01 1,491.20 Total 600 · Payroll Expenses 7,733.61 27,722.39 608 · Professional Fees 0.00 2,985.00 620 · Office Supplies 44.00 44.00 6600 · Repairs 660 · Building Repairs 0.00 3,565.38 6600 · Repairs - Other 0.00 358.00 Total 6600 · Repairs 0.00 3,923.38 700 · TAXES 0.00 235.00 710 · Telephone 125.18 511.25 7300 · Utilities 730 · Gas and Electric 5,951.63 25,738.60 740 · Water 1,463.79 3,095.28 Total 7300 · Utilities 7,415.42 28,833.88 760 · ICE RESURFACER EXPENSE 187.55 764.15 Total Expense 16,026.02 68,332.36 Net Ordinary Income 37,715.36 71,026.60 Net Income 37,715.36 71,026.60 12:55 PM STMA ARENA INC 12/08/09 Profit & Loss YTD Comparison Accrual Basis October 1 through November 1, 2009 Page 1