Finances of North Stars Baseball Club
The policy of North Stars Baseball is to be 100% transparent to the community regarding its financial condition and transactions, at all times. The formal policy statements regarding North Stars finances can be found on the Club Mission page of this website.
INCOME STATEMENT
For period since inception to 12 June 2007
| Revenue from Sales |
489.64 |
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| Less: Cost of Goods Sold |
218.42 |
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| Gross profit from sales |
271.22 |
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| Operating Expenses (paid to Ball Boosters for use of their facilities) |
227.78 |
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| Net Income from Operations |
43.44 |
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| Other Income | ||||
| Donations |
100.00 |
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| NET INCOME |
143.44 |
BALANCE SHEET
12 June 2007
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ASSETS |
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Cash |
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In checking account |
2699.64 |
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In concessions cash-box |
0.00 |
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Inventory |
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Saleable food items |
376.94 |
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Structures |
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Concessions stand |
1500.00 |
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TOTAL ASSETS |
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|
4576.58 |
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LIABILITIES |
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Current Liabilities |
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Short-term loan from Bob Nelson |
110.00 |
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Krausse's Super-Valu (for inventory) |
518.14 |
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Ball-Boosters (net gain from sales at Babe-Ruth games) |
227.78 |
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Johnson's Lumber (for concessions stand) |
1500.00 |
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TOTAL CURRENT |
|
2433.14 |
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Long-Term Liabilities |
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Long-term loan from Bob Nelson |
2000.00 |
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TOTAL LONG-TERM |
|
2000.00 |
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EQUITY |
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Carry-over from previous period |
0.00 |
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Current Income (including donations) |
143.44 |
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TOTAL EQUITY |
|
143.44 |
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TOTAL LIABILITIES AND EQUITY |
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|
4576.58 |
DEPOSIT REGISTER
| Date |
Amount |
Comment |
| 1 June 2007 | 100.00 | Donation from Todd Lindquist |
| 2 June 2007 | 2000.00 | Long-term loan from Bob Nelson |
| 2 June 2007 | 110.00 | Short-term loan from Bob Nelson |
| 4 June 2007 | 133.50 | Receipts from concessions operations |
| 6 June 2007 | 117.70 | Receipts from concessions operations |
| 8 June 2007 | 108.25 | Receipts from concessions operations |
| 11 June 2007 | 130.19 | Receipts from concessions operations |
CHECK REGISTER (All checks are signed by both the NSBC President and NSBC Treasurer)
| Date | Check # |
Amount |
Payee | Comment |
| 13 June 2007 | 101 | 110.00 | Bob Nelson | To repay short-term loan from Bob Nelson |
| 13 June 2007 | 102 | 518.14 | Krausses's Super-Valu | Payment to Krausses's Super-Valu for concessions items inventory |
| 13 June 2007 | 103 | 227.78 | Hazen Ball Boosters | Payment to Ball Boosters for use of their facilities |