Dear Board and Fellow ACA Members,
Here are the November financial statements 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 made available at this time.
These financial statements are posted on the new ACA website at acawso.org. Click on Treasurer’s Report on the side menu.
In reviewing the Balance Sheet we can see ACA WSO ended the month with $606,085 in Total Assets. This is down from the previous month by $4,297. We saw a decrease of our cash and cash equivalents of $6,902 for the month.
WSO had Total Cash Assets totaling $345,960 in account 1000 – Cash & Cash Equivalents. WSO Inventory Assets were $123,847 in account 1400.
WSO’s Total Liabilities and Equity of $606,081 at the end of the period. This was a -1% overall change.
Profit & Loss Statement
Looking at the P&L we can see sales for October were $77,596 compared to $94,929 the prior month. The Cost of Goods Sold (COGS) were $43,457, slightly lower compared to the prior period COGS of $49,075 due to a decrease in sales which left WSO with a Gross Profit of $34,139 before deducting operating expenses.
Overall WSO expenses were $30,821. This left us with a net income of $3,318 for the month.
WSO received $8,780 in 7th Tradition Contributions for the month from members, groups, and intergroups. This was lower than previous month.
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.
Bill D., Treasurer