July OASIS financial report

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Subject: July OASIS financial report




From: "John Greacen" <>
To: <>
Date: Mon, 23 Aug 2004 11:22:02 -0600














I have just received the July financial statement from
OASIS.  I am not allowed to redistribute it.  So I extracted our information
from the report and show it below: 

 

12/31/03 carry over                     $42,599.30

YTD net income                          
27,763.36

Available funds                            
70,362.66

Deferred revenue                         
23,772.00

 

My understanding of deferred revenue is what will be
credited to us over the remaining months of the year from dues already paid. 


 

The report does not have a line for expenditures. 
Perhaps they are already reflected in the YTD net income.  Roger –
You may want to inquire about this.  Further for you, Roger – That is
a plausible explanation, because our net income per month for the first seven
months is less than $4000; for the remainder of the year the deferred revenue
works out to almost $4800 per month.  The difference would be
expenditures.  But that would account only for about half of what we have
spent ($800 X 7 months = $5600 compared to $12,200).

 

Bottom line – By the end of the year we will have
$94,000 available with planned expenditures of $38,000 or less, depending on
how much of our $12,000 expenditures for the second quarter have already been
entered on the books.  We should have plenty for the consultant(s).

 

John M. Greacen

Greacen Associates, LLC

HCR 78, Box 23

Regina, New Mexico 87046

505-289-2164

505-289-2163 (fax)

505-780-1450 (cell)

 


















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