Summary of Finances from Fall Fling 2016

[SandySteve]

Here is how the accounting for the Friday night dinner (all 18 people including kids) and raffle went. The amount in the till at the end of the evening was $265.00. Of that, $50.00 was placed in it to make change before the event started. Net $215.00. The City Market bills were $92.57 and $4.09. That totals $96.66. I brought from home all of the plastic forks, spoons and knives, and most of the disposable plates and napkins. I will take the $3.34 for those items to make the cost of the dinner an even $100.00. That makes $115.00 from sales of dinner tickets and raffle tickets which I will deposit in the IC account. This is a very short summary, so are there any questions?

 

[SandySteve]

I have one addition to the first entry. I forgot to expense the $30.00 it cost to rent the pavillion at Rotary Park where the event occurred. Therefore, the deposit into the IC Naxja account will be $85.00, not $115.00.

 

[SandySteve]

The $85.00 was deposited in the IC Naxja savings account today, 10-21-2016. That brings the balance in the savings account to $1083.67 and the checking account has $50.00. The total assets are therefore $1133.67.