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FINANCIAL UPDATE

FINANCIAL UPDATE. Houston Durga Bari Society Aug 18, 2013. 2012 IRS Return. Revenue: $409,688; Expense: $350,215; Surplus: $59,473. Account Summary as of Aug 15, 2013. IBC Bank Accounts as of Aug 15,2013. 2013 Membership/ Maintenance/Donations. 2013 BUDGET. August 18, 2013

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FINANCIAL UPDATE

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  1. FINANCIAL UPDATE Houston Durga Bari Society Aug 18, 2013

  2. 2012 IRS Return Revenue: $409,688; Expense: $350,215; Surplus: $59,473

  3. Account Summary as of Aug 15, 2013

  4. IBC Bank Accounts as of Aug 15,2013

  5. 2013 Membership/ Maintenance/Donations

  6. 2013 BUDGET August 18, 2013 (Approved by EB on March 16, 2013)

  7. Revenues Basic Operation Kalabhaban/Bangla School/Library/Gift Shop Puja Committee Surplus Bank Interest Major Donations/ Fund Raising Expenses Operational Expenses Charitable Donations- Not Applicable Capital Projects (N/A) Legal Expenses Budget Outline

  8. REVENUES

  9. Revenues from Basic Operations

  10. EXPENSES

  11. Operating Expense-1

  12. Operating Expenses-2

  13. LEGAL BILLS

  14. LEGAL BUDGET/COST

  15. Balance of Revenues with Expenses

  16. Proposing a motion to approve the 2013 budget for Revenues of $572,800, Expenses of $485,500 with Potential Surplus of $87,300 from Puja and Operation.Proposing an approval for $30,000 for Already paid Legal Cost.Seeking Feedback on Legal Expenses: How to go forward? Conclusions

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