|
|
|
|
|
F
i n a n c i a l R e p o r t
|
|
| Managers'
Club Inc. Balance Sheet |
|
| as
of December 31, 2001 |
|
ASSETS
|
| Cash
BPI |
|
194,254.58 |
| Cash
Advance |
|
2,134,732.38 |
| Loans
Receivable |
|
10,775.03 |
| Account
Receivable- Tickets |
|
255,750.00 |
| Account
Receivable- Insurance |
|
73,552.45 |
| Account
Receivable- PLDT |
|
287,876.58 |
| Memorial
Plan |
|
78,320.00 |
|
Total Assets
|
|
3,095,261.02 |
|
|
|
LIABILITIES & MEMBERS' EQUITY |
| A/P
PLDT |
|
450.00 |
Accounts Payable
(Overdeduction/Others) |
|
16,920.18 |
Accounts
Payable
(Separation Benefit) |
|
41,560.18 |
Accounts
Payable
(PhilAm) |
|
0.00 |
| Deferred
Interest on Loans |
|
359,614.06 |
| Deferred
Collection Fee (UCPBGI) |
|
9,432.40 |
| Deferred
Collection Fee (PhilAm) |
|
0.00 |
| Members'
Equity |
2,097,983.79 |
|
| Add:
Net Income |
569,300.59 |
2,
667,284.38 |
|
Total |
|
3,095,261.02 |
|
|
|
|
| as
of May
31, 2001 |
|
|
|
|
ASSETS
|
| Cash in Bank -
FEBTC |
|
432,191.28 |
| Accounts
Receivable |
|
11,375.03 |
| Bonds
Receivable |
|
15,000.00 |
Loans
Receivable -
Fin'l Asstnce (see sched A) |
|
1,466,288.65 |
| Memorial
Plan |
|
78,320.00 |
| Furniture
& Fixtures |
|
22,050.00 |
|
Total Assets
|
|
2,025,224.96 |
|
|
|
|
|
|
|
LIABILITIES & MEMBERS' EQUITY |
Accounts Payable
(Separation Benefits) |
|
28,660.00 |
Accounts
Payable
Others (overdeduction) |
|
9,860.18 |
| Members'
Equity |
2,020,544.97 |
|
Less
Net Loss
(April
31, 2001) |
33,840.19 |
1,986,704.78 |
|
Total |
|
2,025,224.96 |
|
|
Statement of
Receipts and Disbursements
|
|
As of May
31, 2001
|
|
|
Receipts:
|
For the Month
|
As
Of
|
| Monthly
Dues from Members |
|
102,750.00 |
|
508,800.00 |
| Loans
Receivables Collection: |
|
|
|
|
|
Principal |
185,244.64 |
|
1,108,855.57 |
|
|
Interest |
29,434.58 |
214,679.22 |
194,272.20 |
1,303,127.77 |
|
Remittable
Insurance Premiums:
|
|
|
|
|
|
PhilAm |
11,673.42 |
|
64,447.10 |
|
Car/Fire Insurance-UCPB Gen
Insurance |
19,933.65 |
31,607.07 |
96,588.06 |
161,035.16 |
| Golf
Tournament |
|
|
|
29,800.00 |
| Grants
& Donations |
|
15,000.00 |
|
90,000.00 |
| Membership
Dues |
|
300.00 |
|
5,697.00 |
| Interest
on Bank Acct |
|
|
|
1,084.52 |
Accounts
(Recble)/ Payable -
Over(Under) deduction |
|
4,185.13 |
|
9,385.13 |
|
Total
|
|
368,521.42 |
|
2,108,929.58 |
|
|
|
|
|
|
|
|
|
|
|
Disbursements:
|
|
|
|
|
| Loan
Releases |
|
100,000.00 |
|
890,000.00 |
| Benefits
from Monthly Dues: |
|
|
|
|
|
Retirement |
|
|
271,100.00 |
|
|
Hospitalization |
|
|
11,500.00 |
|
|
Bereavement |
|
|
118,267.50 |
400,867.50 |
| Insurance
Premium Dues/Remittances: |
|
|
|
|
|
UCPB Gen Insurance |
127,245.76 |
|
173,429.39 |
|
|
PhilAm |
|
|
45,329.68 |
|
|
Insurance Co. of North America |
491.40 |
|
27,455.20 |
|
|
COCOLife |
|
127,737.16 |
143,937.50 |
390,151.77 |
| Projects: |
|
|
|
|
|
Family Day |
|
150,000.00 |
|
150,000.00 |
| Retainer
Fees |
|
|
|
6,000.00 |
| Cash
Advance |
|
|
|
0.00 |
| Bank
Charges |
|
|
|
590.00 |
| Internet
Rental/Design |
|
|
|
10,000.00 |
| Fellowship
& Socials |
|
|
|
43,281.75 |
| Donations |
|
20,000.00 |
|
20,000.00 |
| Refund
on Overdeduction |
|
|
|
10,400.00 |
| Accounts
Receivable-Others |
|
1,200.00 |
|
1,200.00 |
| Meetings |
|
745.80 |
|
3,638.05 |
|
Total
|
|
399,682.96 |
|
1,926,129.07 |
|
|
|
|
|
Excess
(Short) of Receipts
over Disbursements |
(31,161.54) |
182,800.51
|
| Beginning
Balance |
463,352.82 |
249,390.77 |
| Balance
(May 31, 2001) |
432,191.28 |
432,191.28 |
|
|
|
