NCCIU Council
3:05 PM
Balance Sheet
06/06/16 Accrual Basis
As of June 1, 2016 Jun 1, 16 ASSETS Current Assets Checking/Savings 1010 · SECU - Savings Account 1015 · SECU - Money Market 1020 · Paragon - Interest Checking 1040 · Paragon - Money Market 2124 · CashPoints Global Card - Lorena
1,372.73 255,703.47 326,142.68 137,035.67 2,698.94 722,953.49
Total Checking/Savings Accounts Receivable 1200 · Accounts Receivable 1220 · Pledges Receivable
24,013.09 35,000.00
Total Accounts Receivable
59,013.09
Other Current Assets 1205 · Sales Tax Receivable 1205.01 · NC & County Sales Tax
7.36 7.36
Total 1205 · Sales Tax Receivable 1270 · Travel/Expense Adv (Staff/Prog) 1900 · Prepaid Expenses 1901 · Deferred Expenses 1901.03 · Deferred China Program Expense 1901.04 · Deferred Latino Initiative Exp
2,183.07 1,334.00 200,000.00 422.30 200,422.30
Total 1901 · Deferred Expenses
203,946.73
Total Other Current Assets
985,913.31
Total Current Assets TOTAL ASSETS
985,913.31
LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000 · Accounts Payable 2050 · Committed Grants Payable
104.16 83,592.00 83,696.16
Total Accounts Payable Credit Cards 2120 · Paragon Visa - R Van Sant
748.61
Total Credit Cards
748.61
Other Current Liabilities 2400 · Deferred Income 2400.01 · Global Teachers 2400.03 · China Operations Program Confucius Classrooms 2400.03 · China Operations Program - Other Total 2400.03 · China Operations Program 2400.05 · Latino Initiative 2400 · Deferred Income - Other Total 2400 · Deferred Income Total Other Current Liabilities Total Current Liabilities Total Liabilities
6,000.00 250,000.00 200,000.00 450,000.00 10,000.00 18,052.73 484,052.73 484,052.73 568,497.50 568,497.50
Equity 3400 · Temporarily restricted net asse 3400.02 · Restricted for programs Page 1
NCCIU Council
3:05 PM
Balance Sheet
06/06/16 Accrual Basis
As of June 1, 2016 Jun 1, 16 3400.10 · Restricted Teacher Programs 3400.11 · Restricted Global Leaders Total 3400.02 · Restricted for programs 3400.03 · Restricted for time release 3400.21 · Restricted Ravenel Fellowship 3400.22 · Intern Grant (ZSR) Total 3400.03 · Restricted for time release Total 3400 · Temporarily restricted net asse 3700 · Unrestricted net assets 3700.02 · Board-designated for Reserves 3700.03 · General Fund
24,821.47 69,994.89 94,816.36 37,332.69 1,600.00 38,932.69 133,749.05 47,000.00 61,834.58
Total 3700 · Unrestricted net assets
108,834.58
3900 · Retained Earnings Net Income
159,293.79 15,538.39
Total Equity TOTAL LIABILITIES & EQUITY
417,415.81 985,913.31
Page 2
GO GLOBAL NC APPROVED BUDGET 2015-2016 Budget of Income and Expenses for FY 15-16 Actual Amounts, July 1, 2015, through June 1, 2016 BUDGET, ACTUAL & ACTUAL MINUS BUDGET TOTAL OPERATING UNRESTRICTED INCOME
SUMMARY
BUDGET 86,000
ACTUAL 39,527
150,000 88,107 195,588 128,000 12,000
122,573 1,000 182,995 130,000 18,000
500,261
353,224
340,000 236,800 1,650,756
528,000 192,188 13,132 1,541,113
1,736,756
1,580,640
128,000 66,607 183,388 98,000 2,500
4,848 6,410 168,256 92,703 500
500,261
353,224
340,000 185,000 10,440 1,514,196
528,000 185,266 1,554 21,501 1,362,491
NET INCOME FROM OPERATIONS
222,560
218,149
TOTAL OPERATING EXPENSES:
131,292
72,191
TOTAL RESTRICTED & OPERATING EXPENSES & GRANT
264,394
205,783
2,750
4,424
(39,084)
15,116
PROGRAM INCOME Global Leaders- Singapore: March 2016 Latino Initiative - Trip will be in 2016-2017 Global Teachers - Singapore July 2015 Farm Bureau Latino Initiative -Feb 2016 Security Assistance Training - Saudi Arabia October 2015 Leadership NC Global Program in 2016-2017 China Programs: Hanban - Operational (pass thru to GA) Confucius Classroom ($10k grants to 34 classrooms pass through to schools) Jiangsu Principals 74 @ $3,200 Other program income TOTAL PROGRAM INCOME TOTAL INCOME: PROGRAM EXPENSES: Global Leaders- Singapore: March 2016 Latino Initiative - Trip will be in 2016-2017 Global Teachers - Singapore July 2015 Farm Bureau Latino Initiative - Feb 2016 Security Assistance Training - Saudi Arabia October 2015 Hanban - Operational (pass thru to GA) Confucius Classroom ($10k grants to 34 classrooms, pass through to schools) Jiangsu Principals Global Issues School Partnerships Other program expense TOTAL PROGRAM EXPENSES
Investment Income NET INCOME:
VARIANCE (46,473) (27,427) (87,107) (12,593) 2,000 6,000 (147,037) 188,000 (44,612) 13,132 (109,643) (156,116) (123,154) (60,197) (15,132) (5,297) (2,000) (147,037) 188,000 266 (8,886) 16,885 (151,705) (4,411) (59,101) (58,611) 1,674 54,200