ZONTA INTERNATIONAL DISTRICT 10 FINANCIAL REPORTS MAY 31, 2016

ZONTA INTERNATIONAL DISTRICT 10 STATEMENT OF ACTIVITIES FOR THE BIENNIUM ENDED MAY 31,2016 REVENUES Membership dues $ 23,699 District Conferences 6,224 District Fundraisers 4,697 Direct Support 4,976 Area Meetings Income (423) Interest Income 64 Total Income $39,237

ZONTA INTERNATIONAL DISTRICT 10 STATEMENT OF ACTIVITIES FOR THE BIENNIUM ENDING MAY 31, 2016 EXPENSES Board Meetings $ 9,129 Club Bell and Banner Awards 2,800 Board Attendance Conferences 1,875 Governor and Lt Governor 9,731 Area Directors expenses 2,526 Foundation Ambassador 1,491 Administrative and general 1,988 Total Expense 29,540 INCREASE IN NET ASSETS $9,698 NET ASSETS AT BEGINNING OF PERIOD 47,051 NET ASSETS AT END OF PERIOD $56,749

ZONTA INTERNATIONAL DISTRICT 10 STATEMENT OF FINANCIAL POSITION MAY 31, 2016 ASSETS Current Assets Cash and equivalents $ 72,884 Inventory 520 Total Current Assets 73,404 Furniture and equipment AV Equipment 1,388 Accumulated Depreciation -1,388 Net Furniture and Equipment TOTAL ASSETS $73,404

ZONTA INTERNATIONAL DISTRICT 10 STATEMENT OF FINANCIAL POSITION MAY 31, 2016 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable $ 2,319 Deferred Revenue - Conference Assessment 2,048 Deferred Revenue - Dues 2016-2017 12,288 TOTAL CURRENT LIABILITIES 16,655   NET ASSETS Unrestricted 56,749 TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS $ 73,404

ZONTA INTERNATIONAL DISTRICT 10 STATEMENT OF CASH FLOWS FOR THE BIENNIUM ENDED MAY 31, 2016 CASH FLOWS FROM OPERATING ACTIVITIES Change in Net Assets $ 9.698 Adjustments to reconcile Change in Net Assets to cash provided by operations Change in assets and liabilities: Increase in inventory 666 Increase in accounts payable 1,678 Increase in deferred revenue - dues 2,525 Decrease in deferred revenue - raffle sales (450) Decrease in deferred revenue - conference assessment (441) NET CASH PROVIDED BY OPERATING ACTIVITES 13,676 NET CASH PROVIDED BY FINANCING ACTIVITIES Depreciation 61 NET INCREASE IN CASH 13,737 CASH AT BEGINNING OF PERIOD 59,146 CASH AT END OF PERIOD 72,883

ZONTA INTERNATIONAL DISTRICT 10 COMPARISON OF BUDGET TO ACTUAL FOR THE BIENNIUM ENDING MAY 31, 2016 JUNE 1- 2014-2016 REVENUES May 31, 2016 BUDGET Membership Dues $23,699 $ 28,800 Assessment D10 Conference 4,100 4,800 Total Membership 27,799 33,600 District Conference 6,224 2,000 Area Meetings Income -424 1,500 Fundraising & Sales of merchandise 4,698 500 Interest 64 - Direct Support - Gifts in Kind 4,976 TOTAL REVENUES $43,337 37,600

ZONTA INTERNATIONAL DISTRICT 10 COMPARISON OF BUDGET TO ACTUAL FOR THE BIENNIUM ENDING MAY 31, 2016 EXPENSES Actual Budget Board Meetings 9,129 10,000 Club Bell and Banner Awards 2,800 - Committee Expenses 180 District Board Expenses: Area Directors 2,526 6,500 Board Attendance Confernces 1,875 Foundation Ambassador 1,491 1,500 Governor 2,470 2,850 Lt Governor 647 2,000 Sponsoring/ Organizing/Mentoring Total Board and Club Expenses 20,938 23,030

ZONTA INTERNATIONAL DISTRICT 10 COMPARISON OF BUDGET TO ACTUAL FOR THE BIENNIUM ENDING MAY 31, 2016 Actual Budget Gifts 14 200 International Convention 2016: Convention Governor 3,551 4,000 Convention Lt Governor 3,063 Total International Convention 6,614 8,000 Conference Assessment Paid 4,100 4,800 Supporting services: Depreciation 61 Administrative 1,912 1,525 1,973 1,525  TOTAL EXPENSES 33,639 37,555   REVENUES OVER EXPENSES $9,698 $ 45