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PMILIC Financial Reports
July 2013
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Balance Sheet $ 108,820.11 Current Assets As of Balance Rate
Previous Month’s Assets: $111,466.18 As of Balance Rate Maturity Date Checking 31-Jul $60,578 NA CD 1 31-Mar $13,682 1.04% 22-Oct-15 CD 2 30-Jun $5,339 3% 21-May-15 CD 3 $11,109 1.24% 23-Aug-13 CD 4 $17,593 2.23% 9-Jun-16 Cash (held by VP Programs) 28-Feb $520.00 Liabilities None
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Profit & Loss Net $319 $22,180 Budget Actual Income $156,003 $84,729
YTD = July 2013 Profit & Loss Budget Actual Income $156,003 $84,729 Expense $155,684 $62,549 Net $319 $22,180
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Budget vs. Actual Variance
YTD = July 2013 Budget Actual Balance Notes Expense 155684 Administration 4695 Communication 7104 Finance 5925 Marketing 13000 Spend for giveaways was greated than expected - overage will come from charitable donations category Membership 700 348.95 351.05 President 29500 Professional Development 71560 Programs 20500 Outreach 2700 100 2600 Income 156003 84729 1000 8000 2446 5554 Watch item: We only brought in 12.5% of what we expected from the first networking event - we budgeted for them to pay for themselves 25500 18145 7355 104928 56203 48725 16575 7935 8640 Note the items where there is a variance Note: Since PMILIC does cash accounting, all items that occurred in 2012, but were paid/ received in 2013 must be logged in 2013
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Budget vs. Actual Summary by VP Area and Category
Appendix Budget vs. Actual Summary by VP Area and Category
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Budget vs Actual – Expenses
Administration 4695 Audio Conferencing 200 108.40 Board Meeting - Food 3480 PMI Chapter Insurance Supplies 100 27.60 Virtual Conferencing 715 Communication 7104 Annual Web Hosting with Proteon 5500 3996 Survey Tool 204 Newsletter 1400 676.53 Finance 5925 Banking fees Credit card processing fees 4800 QuickBooks Online Essentials 325 Tax Prep 700 395 PMILIC Mailbox – 2 year 508.89
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Budget vs Actual – Expenses
Marketing 13000 Advertising PMILIC 500 350.04 Charitable Contributions 2000 Giveaways 5000 Sponsorships 1500 Networking Events 4000 Membership 700 348.95 Business Cards 200 119.95 New Member Orientation 229.00 President 29500 Annual Awards/Plaques 1700 Contingency 7800 733.92 Region 4 & LIM 17000 Strategic Planning Meeting 3000
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Budget vs Actual – Expenses
Professional Development 71560 CAPM Classes 4000 CSM Classes 33400 PMP Prep Classes 20000 Saturday Classes 14160 Programs 20500 Chapter Meeting - May Special Venue 3535 Chapter Meetings 14500 Annual Chapter Social 2000 Outreach 2700 100 College, School 1500 Professional Organizations 1200
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Budget vs Actual – Income
Finance 1000 CD Interest Marketing 8000 2446 Sponsorships 4000 2000 Networking Events 446 Membership 25500 18145 Membership dues Professional Development 104928 56203 CAPM Classes 7200 CSM Classes 45000 15490 PMP Prep Classes 38400 28865 Saturday Classes 14328 10798 Total Systems Donation from 2012 1050 Programs 16575 7935 Chapter Meeting - May Special Venue 4375 1350 Chapter Meetings 10200 6585 Annual Chapter Social
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Budget vs Actual Line Item Details
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