treasurer’s
REPORT—IYNAUS FINANCES
Year-End Financial News By David Carpenter
In this issue’s financial report, I present both good news and not so good news. First, the good news: IYNAUS is in better financial condition today than it was a year ago. That is clear from our balance sheet. Balance sheets provide a financial snapshot of an enterprise at a particular point in time and give an estimate of the association’s net worth at that time. The following chart shows IYNAUS’ current balance sheet (as of Oct. 1, 2013) and its balance sheet as of Oct. 31, 2012.
IYNAUS BALANCE SHEETS CURRENT ASSETS
Oct. 2012
Oct. 2013
73,484
105,485
San Diego Conference/Convention loan
18,750
0
IYASE loan on Maitri Conference loss
6,000
6,000
Store accounts receivable
2,456
2,061
IYNAUS store inventory
83,272
79,219
Prepaid expenses
2,414
864
Computers and equipment
5,585
3,452
Certification mark bank accounts
70,041
84,915
TOTAL ASSETS
262,002
281,996
Accounts payable
1,634
2,110
Long-term notes (international archives)
9,250
9,250
TOTAL LIABILITIES
10,844
11,360
EQUITY (Net Worth)
251,158
270,636
TOTAL CASH OR CASH EQUIVALENTS
143,525
190,400
UNRESTRICTED CASH OR CASH EQUIVALENTS
73,484
105,485
Non employee insurance and taxes
7,054
5,612
Unrestricted Assets IYNAUS bank accounts and cash equivalents Accounts Receivable
Restricted Assets
CURRENT LIABILITIES
There are several reasons we are in a stronger position today
account, our net worth has increased. So by any measure,
than we were a year ago. As treasurer, I focus on the cash
our balance sheet—and IYNAUS—has been strengthened
that we have unconditionally available to us, which is the
financially in the past year.
“unrestricted cash or cash equivalents” on the balance sheet. We now have about $105,000 in unrestricted cash—
The other type of IYNAUS financial statement is its “Profit
over $30,000 more than a year ago. This is a good cash
and Loss“ statement, which shows the association’s
cushion for an enterprise like ours. In addition, there also
revenues and expenses during a particular period of time.
has been about a $15,000 increase in our “restricted” cash—
Because a statement for the first nine months of the year
which are monies jointly controlled by IYNAUS and Guruji
would not be terribly meaningful, I will not provide a P&L
(through Gloria Goldberg, Guruji’s attorney in fact in the
statement now. But I can report that, between Jan. 1 and
U.S.) that can only be spent for special projects. For the sake
Sept. 30, 2013, we received new revenues that slightly exceed
of completeness, I should note that collectively, the other
our year-to-date expenses. This is primarily due to two facts:
“noncash” items on our balance sheet are a little less than
1) We have reduced our expenses by eliminating certain
they were a year ago. But even when these are taken into
legal fees and declining to fill some part-time clerical
34
Yoga Samachar Fall 2013/Winter 2014
