Greeting from FasciNatinG! WINTER COMING! WINTER IS IS COMING! This newsletter aims to inform about LC’s financial update by September 2017. The financial statements are journalised by using Quickbooks Accountant 16.0 accrual based. Hopefully this newsletter could show the transparency of LC’s current financial condition. Any feedbacks are welcomed for the better transparency of our Local Committee AIESEC in Universitas Andalas.
Best Regards,
Finance and Governance Department 1718
INCOME & EXPENSE SUMMARY
September’s total gross income is Rp5.951.178,82,- and total expense is Rp4.019.382,83-. Thus the net income is amounted Rp1.931.795,99,- .
Income Summary INCOME SUMMARY
Here’s the Income Summary on September 2017 : Program Income Rp3.000.000,Fundraising Rp1.377.000,Other Program Rp1.544.000,Other Income Rp30.178,82,-
PROGRAM INCOME The program income is OGV exchange fee. Since we journalise transaction occurs by accrual basis, the income is actually has not been realised and journalised as Account Receivable.
FUNDRISING INCOME Fundrising activity in September is selling merchandise such as AIESEC T-Shirt, rubber bracelet and also sticker to AIESEC Member. There is also fundrising done by B2C department by selling package for GV promotion.
OTHER PROGRAM INCOME Other program income is profit from ERBD’s project which is Family Gathering which held on August 26th 2017.
OTHER INCOME Other income is income from bank interest and profit of rate of exchange dollar to rupiah from ICX project income.
EXPENSE SUMMARY
Operational Expense are split into subsidy for LEAD Conference and LC USU acquisition subsidy, expense for supplies, internet expense, rent expense for LLM, travel expense, assets depreciation expense, cost of merchandise, and utilities expense for paying office electricity.
Thank you for reading this newsletter! Have aa FasciNatinG FasciNatinG day day, gorgeous people! Have
Finance & Governance 1718