Dear Board and Fellow ACA Members,
Here are the January 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 $639,680 in Total Assets. This is up from the previous month by $32,654 and is due primarily to increased revenues and inventory assets over the previous period.
WSO had Total Cash Assets totaling $315,320 in account 1000 – Total Cash & Cash Equivalents. This is an increase of approximately $6,000 from the prior period. WSO’s Inventory Assets were up approximately $20,000. The total in account 1400 – Total Inventory Asset was $194,196.
WSO’s Total Liabilities and Equity of $639,680 at the end of the period. This was a 5.4% overall increase.
Profit & Loss Statement
Looking at the P&L we can see Total Revenue for January was higher at $107, 826 compared to $89,316 the prior month. The Cost of Goods Sold (COGS) was $57,862, slightly higher compared to the prior period COGS of $45,406 due to a increase in sales which left WSO with a Gross Profit of $49,963 before deducting operating expenses.
Overall WSO expenses were $36,565 which did not include Depreciation and Amortization expense. This left us with a net income of $13,399 for the month.
7th Tradition Contribution Report:
WSO received $13,690 in 7th Tradition Contributions for the month from members, groups, and intergroups. This is a good indication of the high regard the fellowship has for 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