Dear Board and Fellow ACA Members,
Here are the February 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 $649,792 in Total Assets. This is up from the previous month by $12,116 and is due primarily to increased revenues over the previous period.
WSO had Total Cash Assets totaling $344,092 in account 1000 – Total Cash & Cash Equivalents. This is an increase of approximately $28,771 from the prior period. WSO’s Inventory Assets were down approximately $17,482. The total in account 1400 – Total Inventory Asset was $176,003.
WSO’s Total Liabilities and Equity of $649,792 at the end of the period. This was a 2% overall increase over the prior period.
Profit & Loss Statement
Looking at the P&L we can see Total Revenue for January was lower at $87, 205 compared to $107,826 the prior month partly due to a shorter number of days in the month. The Cost of Goods Sold (COGS) was $48,625 and was slightly lower compared to the prior period COGS of $57,981 due to a decrease in sales which left WSO with a Gross Profit of $38,580 before deducting operating expenses.
Overall WSO expenses were $31,370 including Depreciation and Amortization expense. This left us with a net income of $7,210 for the month.
7th Tradition Contribution Report:
WSO received $9,562 in 7th Tradition Contributions for the month from members, groups, and intergroups. This is in line with last year’s overall average of about $9,750 per month.
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