Dear Board and Fellow ACA Members,
The financial statements are presented herewith for your information. Please bear in mind these are not audited statements and may be subject to revision at a later date. This is the most accurate information our external accounting services provider has at this moment.
These financial statements are posted on the new ACA website at acawso.org. Click on Treasurer’s Report on the side menu.
ACA WSO ended April with a slight increase in Total Liabilities and Equity from the previous month of $5,941 due to lower cash balances being offset by increases in assets. This was primarily due to the purchase of more book inventory and a motorized lift truck for the warehouse.
In reviewing the Balance Sheet we can see that WSO had Total Cash Assets of $391,281. WSO Inventory Assets were $130,014. Combining the Cash and Inventory Assets for the period leaves WSO with Total Assets of $666,216.
WSO’s Total Liabilities and Equity of $666,216 for the month ending.
Profit & Loss Statement
Looking at the P&L we can see sales not including Cost of Goods Sold (COGS) were $68,829, down over over the prior month’s sales of $72,481. COGS was about even at $18,705 due to fewer sales which left WSO with a Gross Profit of $50,124 before deducting expenses.
Overall Distribution Center expenses were $38,908. This left us with a net income for the publishing side of the organization of $11,216.
The Fellowship Services side of the ledger shows Total Income of $15,199 with $7,984 of that coming from 7th Tradition Contributions from members, groups, and intergroups. The balance came from audio and e-book sales. No royalties were received this month for international literature sold.
Expenses for the month were $30,810.
This left WSO with a net loss for the month of $4,395.
7th Tradition Contribution Report:
To see the 7th Tradition Contributions for March click the link below or on the 7th Traditions tab in the right-side menu of the acawso.org website.
If anyone has questions or comments about the Treasurer’s or Finance Committee’s reports, please feel free to contact me at email@example.com.
With love and service,
Bill D., Treasurer and CFO
Chair, Finance Committee