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.
Treasurer’s Report
These financial statements are posted on the new ACA website at acawso.org. Click on Treasurer’s Report on the side menu.
Balance Sheet
CLICK HERE TO VIEW THE AUGUST 2018 BALANCE SHEET
ACA WSO ended the month with an increase in Total Assets from the previous month of $31,046. About $14,692 of that increase was due to an increase in our cash accounts from sales of literature with the balance due to increases in literature and product assets.
In reviewing the Balance Sheet we can see that WSO had Total Cash Assets of $329,722. WSO Inventory Assets were $141,432. Combining the Cash and Inventory Assets for the period leaves WSO with Total Assets of $616,877.
WSO’s Total Liabilities and Equity of $616,877 at the end of the period.
Profit & Loss Statement
CLICK HERE TO VIEW THE AUGUST 2018 PROFIT & LOSS STATEMENT
Looking at the P&L we can see sales for August were $94,894 compared to $84,088 the prior month. The Cost of Goods Sold (COGS) were $49,347, slightly higher over the prior period COGS of $46,312 due to increased sales which left WSO with a Gross Profit of $45,547 before deducting operating expenses.
Overall WSO expenses were $30,521. This left us with a net surplus of $15,026 for August.
For August WSO received $7,352 in 7th Tradition Contributions from members, groups, and intergroups.
7th Tradition Contribution Report:
To see the 7th Tradition Contributions for the month click the link below or go to the 7th Traditions tab in the right-side menu of the acawso.org website.
