DI Colorado Financials Himanshu Kashikar, Treasurer June 30, 2017
Agenda Executive Summary Numbers Key achievements Next Steps Q & A 2016-17* is up to May 30, 2017
Executive Summary DI CO financials are stable and improved in 2017 Strong individuals and business contributions Financial statements are in much better shape
Numbers as of May 2017 Balance Sheet Total Assets: $125,817.41 Total Liabilities: 7,404.89 Total Equity: 118,835.52 P&L Net Income: 35,419.28
Assets May 2017 Region Assets - May 2017 DICO $70,974.54 CHERRY CREEK 8,013.16 PIKES PEAK 5,722.91 SOUTH METRO 14,030.39 SOUTH REGION 9,832.02 WESTERN SLOPE 4,317.88 CHARLES SCHWAB 12,929.72
P&L YTD DI CO & regions May 2017 Total Income 290,767 100% Total COGS 40,161 14% Total Expenses 215,745 74% Net Income 35,419 12% Total Income $290,767 Sponsorships 5,100 Individ, Business Contributions 30,140 Global Finals Team Donations 41,357 Program Affiliate Fees 36,419 Regional Registration Fees 37,139 State Registration Fees 59,280 Taxable Merchandise Sales 81,333 Expenses $215,745 Programs 124,256 Payroll Expenses 49,400 Total Operations 34,748 Travel 4,842 Scholarships 2,500 COGS is Merchandise Cost
P&L May 2017 Total Income $290,767 Sponsorships 5,100 Individ, Business Contributions 30,140 Global Finals Team Donations 41,357 Program Affiliate Fees 36,419 Regional Registration Fees 37,139 State Registration Fees 59,280 Taxable Merchandise Sales 81,333
P&L May 2017 Expenses $215,745 Programs 124,256 Payroll Expenses 49,400 Total Operations 34,748 Travel 4,842 Scholarships 2,500
Numbers for last 3 years As Of Total Equity Net Income Year End Jun-15 $76,907 9,086.26 Year End Jun-16 90,645 $13,738 May-17 118,835.52 35,419.28
Key achievements New accountant – Danelle Hall Revamped accounting Monthly meeting reports Balance sheet, YTD P&L, previous month P&L, last year’s YTD P&L Regional break-down Assets by region P&L with and without region
Next steps Compare to budget Planning for next year Adjust working capital needs and move balances to Charles Schwab
Questions?