Statement of Activities#

• The accounting for December is still in progress.
  • The income being reported is estimated to be $6170 less than the actual.
  • The expenses being reported are estimated to be $576.44 less than the actual. Plus there is an odd $3.66 credit card fee misappropriated and showing up as an individual line item.
• A column for the Annual Budget has been added to the report.
• Cash-flow is 600% greater than the first 6-months of last year.
• Positive income is up to $61,000.

Statement of Financial Position#

• We have $90,000 (or 87%) more cash-on-hand than we did this time last year. $40,00 of which can be contributed to the PPP Loan.