Re: Summary of 2000 -- 2002 (fwd)

["David Lass" <davidlass@villasunscape.com>]

Now that I have my Quicken back up and running (when Gregory set up my new
machine about 6 weeks ago he could not get Quicken to work) I can easily
prepare whatever reports we would like to see. For reporting to the state
and the IRA I will have to prepare the reports Scott refers to, which will
not be a problem. All I will need to know from Kathy or whoever takes over
from her how much we have billed and receivable for TAG ads.
David
----- Original Message ----- 
From: "S. Hieber" <shieber@yahoo.com>
To: <aga-sc@thekrib.com>
Sent: Monday, November 24, 2003 11:26 AM
Subject: Re: Summary of 2000 -- 2002 (fwd)


> If the 2003 revs include money from 2002 ad billings
> c(collected in 2003), then 2003 might not be that good an
> indicator -- at least, not without adjusting out the "prior
> year's" revs.
>
> 2002 was not really $0, but 2003 was not really as high --
> it's will be a tough call without knowing the split. I'd
> rather see the revenues noted as Receivables in the year
> they come up and the Receivables carried forward, if
> necessary and noted as such in the subsequent budget. Same
> with expenses incurred in one year but not paid until the
> following year. There are other ways to handle these things
> for budgets, but this would at least let keep track of what
> was earned/owed when.
>
> We don't take on long term debt, or have shareholders or
> any complex assets, so our financial statements can be
> relatively smple but I think we need to see Statements of
> Income and Cash Flows, as well as a Balance Sheet. In
> addition, some specialized reports might be helpful, such
> as, for examples, Erik has produced from time to time on
> rate of memberships, turnover, seasonality of revenues, and
> earnings analyses of items sold. We might be making a lot
> of money this year on a particular book, but we mgiht have
> spent more than we're getting given prior expenditures to
> purchase the item, shipping, whatever.
>
> Erik raised the basic issues at the meeting; it's not
> enough to know that we're bleeding less.
>
> my 2 cents and change due,
> sh
> --- Cheryl Rogers <cheryl@wilstream.com> wrote:
> > I would be curious to see a more complete breakdown of
> > the $25k in TAG
> > expenses. Does one already exist?
> >
> > In addition to having $25k of TAG expenses in 2002, is it
> > not also
> > true that we had virtually no ad income in 2002? Because
> > Kathy was not
> > on the job until 2003, right? And one of the first things
> > she did was
> > send out invoices!
> >
> > Given that, and David's comments, I think that 2003 might
> > be more
> > representative of what we can expect in 2004 than any
> > previous year.
>
> =====
> S. Hieber
>
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