Dear Board and Fellow ACA Members,

Here are the October 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.

 Treasurer’s Report

These Financial Statements are posted on the new ACA website at acawso.org.  Click on Treasurer’s Report on the side menu.

Balance Sheet

CLICK HERE TO VIEW THE OCTOBER, 2019 BALANCE SHEET

In reviewing the Balance Sheet we can see ACA WSO ended the month with $693,077 in Total Assets. This is an increase of $15,579 from the previous month and is due primarily to an increase in our Cash Assets.  Our Cash positions increased about $44,000 as we sold off inventory in Signal Hill. Cash went from $354,060 in the prior month to $391,995 this month.

WSO’s Inventory Assets increased by approximately $8,976.   This month’s inventory total was $137,629.

WSO’s Total Liabilities and Equity of $693,077 at the end of the period and a Year-To-Date net income of $80,936.

 

Profit & Loss Statement

CLICK HERE TO VIEW THE OCTOBER, 2019 PROFIT & LOSS STATEMENT

Looking at the P&L we can see Total Revenue for the month was slightly lower at $110,870 compared to $94,653 the month before.  The Cost of Goods Sold (COGS) was $59,973 and was slightly lower compared to the prior month’s COGS of $62,624 showing a Gross Profit of $50,896 before expenses.   The impact of the lower sales revenues and the higher COGS was a lower Gross Margin of 46% compared to 34% the month before. 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 $32,955 including payroll and operating expenses resulting in a net income of $17,941 for the month.

7th Tradition Contribution Report:

WSO received $12,956 in 7th Tradition Contributions for the month from members, groups, and intergroups. This is almost double the prior month of $6,512.

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.

CLICK HERE TO VIEW THE 7TH TRADITION CONTRIBUTIONS

In service,

Bill D., Treasurer
ACA WSO