Dear Board and Fellow ACA Members,
Here are the December 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 $598,865 in Total Assets. This is down from the previous month by $9,097 and is due to Accumulated Depreciation and Amortization of assets of $13,599 being recorded against the overall value of the Fixed Assets.
WSO had Total Cash Assets totaling $296,358 in account 1000 – Total Cash & Cash Equivalents. This is a decrease of approximately $50,000 from the prior period due to major book printing purchases. As a result WSO Inventory Assets were up $51,029. The total in account 1400 – Total Inventory Asset was $175,026.
WSO’s Total Liabilities and Equity of $598,865 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 December were higher at $82,449 compared to $77,330 the prior month. The Cost of Goods Sold (COGS) were $43,681, slightly higher compared to the prior period COGS of $42,160 due to a increase in sales which left WSO with a Gross Profit of $45,642 before deducting operating expenses.
Overall WSO expenses were $43,558. This left us with a net income of $2,084 for the month and at plus $2,202 for the entire year.
7th Tradition Contribution Report:
WSO received $16,605 in 7th Tradition Contributions for the month from members, groups, and intergroups. From all indications I have seen this was a record amount of support from the fellowship in one month. Our total for the year was also an all time record at $117,011! In my view this financial support from the fellowship shows our is taking ownership of the financial well-being of its world service organization.
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