General Fund

Capital Assets

Restricted Funds

	Gen 2002 (*3)	Gen 2003	Cap. Assets 2002 (*3)	Cap. Assets 2003 (*2)	Skyrock Forest 2003 def'd	RCT 2003 def'd	Breast Health 2003 def'd	SGN Cultural 2003 def'd	Rest. Funds Total 2003	Rest. Funds Total 2002
Revenue
Sales		257.90
Contrib (*2)		223.86		1859.90	(*4)
Increase Inventory (*5)				0
totals		480.86		1859.90
Expense
Materials Services		367.51		1891.00
Amort Assets				100.00
Decrease Inventory (*5)				300.00
Write-down Inventory (*6)				435.00
totals		367.51		2726.00
Excess (Deficit)		113.76		(-866.10)
	Gen 2002	Gen 2003	Cap. Assets 2002	Cap. Assets (*2) 2003	SF 2003 def'd (*4)	RCT 2003 def'd	BrH 2003 def'd	SGN 2003 def'd	(Rest. Funds) Total 2003	(Rest. Funds) Total 2002
Yr Begin Bal		0		2155.00	US 676.11	0	13.91	27.28	CA41.19 + US676.11
Interfund Transfers Deferred Contrib (*1)		(-171.79)		78.00 (*2)	47.74	32.23	12.84	0.98	93.79
Yr End Bal		(-58.03)	2155.00	1366.69	US 735.87	32.23	26.75	28.26	CA87.24 + US735.87	CA41.19 + US676.11

Notes: 1.) Deferred Contributions to Restricted Funds are InterFund Transfers from General Fund which receives income from book sales. Each book has a unique formula for apportioning its income. See Product Accounts

2) Contributions and Transfers to Assets are not Deferred, but apply to immediate or outstanding Expenses related to equipment or leased services. See Expenses, Revenue, Contributions

In 2003, interfund transfers from General funds to Capital Assets consists of 2 emergency payments. "Paypal US$37" (=CA48.00) had to be disposed of before a deadline to close the Paypal account, so it was paid to SFAinc Member Karen Shelton for leased web facility. This amount was deducted from her Contribution of web facility. Another $30 was drawn from available cash (General Fund) to pay a Canada Corporations Directorate fee required within less than 30 days of notice, and which I had failed to anticipate.
For Assets summary see Statement of Financial Position.

3.) Numbers for previous years will be added soon.

4.) SF Fund - Some Contributions and Bank Charges must be ascertained to provide a complete 2003 record. However, the Year End Balance 2003 for Skyrock Forest Fund is the actual current balance.

5.) Inventory is a significant part of Capital Assets. However, "Book Print/ship" expense is only recorded under Materials & Services from General Funds. We probably need to change this.

6.) Write-Down Inventory. Mainly due to the passing of time, the real value expectation of books was reduced:
27 books reduced from $10 to $5 .... -135
630 books reduced from $2 to $1 .... -630
Current inventory = $615.

Compiled by SFAinc. Treasurer, Lee Murray    Lee Murray