Dear Board and Fellow ACA Members,
Here are the September Financial Statements for your review. 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 accountants have 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 $690,712 in Total Assets. This is an increase of $7,091.62 from the previous month and is due primarily to an increase in our Inventory Assets. Our Cash positions decreased about $40,000 as we invested in inventory. Cash went from $397,389 in August to $357,553 in September.
WSO’s Inventory Assets increased by approximately $29,000. The September Inventory total was $128,605.
WSO’s Total Liabilities and Equity of $690,712 at the end of the period and a Year-To-Date net income of $80,936.
Profit & Loss Statement
Looking at the P&L we can see Total Revenue for September was slightly lower at $94,621 compared to $104,627 in August. The Cost of Goods Sold (COGS) was $62,663 and was slightly higher compared to the August’s COGS of $52,795 showing a Gross Profit of $55,226. The impact of the lower sales revenues and the higher COGS was a lower Gross Margin of 34% compared to 47.2% in August. Gross margin is calculated by subtracting cost of goods sold (COGS) from total revenue and dividing that number by total revenue.
Overall WSO expenses were $25,084 including payroll and operating expenses resulting in a net income of $6,874 for the month of September.
7th Tradition Contribution Report:
WSO received $6,512 in 7th Tradition Contributions for the month from members, groups, and intergroups. This is a decrease from the prior 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