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602-P-BRD-502

602-P-BRD-502. Financial Report of the XX Board. Financial Report of the XX Board. Revenues Expenses Surplus Available cash and savings Look into the future. Revenues. Appendix 3: details of revenues Total revenues of € 201.595,36 Thanks to efforts of finTeam Increased # of Partners

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602-P-BRD-502

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  1. 602-P-BRD-502 Financial Report of the XX Board

  2. Financial Report of the XX Board Revenues Expenses Surplus Available cash and savings Look into the future

  3. Revenues Appendix 3: details of revenues Total revenues of € 201.595,36 Thanks to efforts of finTeam Increased # of Partners New partnership fees Increased support to GM organisers Approval EC Grant

  4. Expenses Appendix 2: Statement of Activities Appendix 4:Details of expenses Total expenses of € 118.165,78 Budgeted: € 59.785,13 Extra: € 58.380,65 Budgeted expenses versus Budget: 85% Company trips: € 4.701,72

  5. Surplus Appendix 2: Statement of Activities Change in net assets € 82.429,58 Unrestricted: € 68.099,58 Temporarily restricted: € 15.330,00 Are we still non-profit? Result from late known revenues

  6. Available cash and savings Available cash left to the XXI Board: € 10.000 Savings As of 30th June 2007: 55.529,01 As of 30th June 2008: 95.442,78 For the first time, savings exceed the annual budget

  7. Look into the future A large surplus is to be expected again We need to evaluate the most beneficial way for BEST to spend its resources Support for LBGs that organise Internal Events? Free annual reports or other marketing materials? A house?

  8. What do I want you to remember? Revenues of € 200.000 Expenses of € 120.000 Surplus of € 80.000 Unrestricted: € 68.000 Savings increased from € 55.000 to 95.000 We need to think on how to focus our resources

  9. Questions?

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