1. ZONTA INTERNATIONAL DISTRICT 10
FINANCIAL REPORTS
MAY 31, 2016

2. 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

3. 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

4. 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

5. 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
12,288
TOTAL CURRENT LIABILITIES
16,655
NET ASSETS
Unrestricted
56,749
TOTAL NET ASSETS
TOTAL LIABILITIES AND NET ASSETS
$ 73,404

6. 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

7. ZONTA INTERNATIONAL DISTRICT 10 COMPARISON OF BUDGET TO ACTUAL FOR THE BIENNIUM ENDING MAY 31, 2016
JUNE 1-
REVENUES
May 31, 2016
BUDGET
Membership
Dues
$23,699
$ ,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

8. 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

9. 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