Greeting from FasciNatinG! This newsletter aims to inform about LC’s financial update by October 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
In October total gross income is Rp22.375.158,23,- and total expense is Rp3.322.167,32-. Thus the net income is amounted Rp19.052.990,99,-
Income Summary
The Income Summary on October 2017 are : Program Income Rp18.000.000,Fundraising Rp2.603.300,Other Program Rp1.729.100,Other Income Rp42.758,23,-
Product Income Summary
Product income (program income) in October are come from OGV product which is OGV Match Fee and also from profit Tourism Project. Six EPs of OGV are “Approved” in this month.
Fundrising Income Fundrising activity in October is selling merchandise such as AIESEC T-Shirt, rubber bracelet, sticker and we also have new merchandise initiative which is lanyard.
Other Income Other income is come from interest income.
Expense Summary
Operational Expense are split into assets depreciation expense and utilities expense for paying office electricity. Direct Exchange Costs expenses are come for buying supplies such as stamp (materai), printing and copying costs. Other expense is bank charges.
Wall of Income Recognition In this month we held local conference “LEAD Conference� at 14th-15th October in DPMD Sumbar . One of alumnae Water Rachim Body bought all of legacy merchandise amounted Rp300.000,- to be shared for all members, and also our alumnae Dian Famudillah contribute Rp500.000 ,- for operational equipment.
Thank you for reading the newsletter! Have a FasciNatinG day, gorgeous people! Finance & Governance 1718