Year End Report 2012.Xlsx
CENTRAL STUDENT GOVERNMENT OF THE UNIVERSITY OF MICHIGAN, INC. (not-for-profit corporation) BALANCE SHEET DECEMBER 31, 2012 and 2011 2012 2011 Assets University Cash Accounts $ 394,599 $ 610,821 Accounts and Interest Receivable 0 0 Prepaid Expenses 0 0 Total Current Assests 394,599 610,821 Property and Equipment - Net 4,776 6,361 Total Assets $ 399,375 $ 617,183 Liabilities and Fund Balances Liabilities Accounts Payable $ 29,025 $ 65,269 Accrued Liabilities 7,980 10,155 Deferred Revenue 280,475 276,908 Total Liabilities 317,479 352,332 Fund Balances Unreserved 81,896 264,851 Reserved for Childcare Subsidy Program 0 0 Total Fund Balances 81,896 264,851 Total Liabilities and Fund Balances $ 399,375 $ 617,183 CENTRAL STUDENT GOVERNMENT OF THE UNIVERSITY OF MICHIGAN, INC. (not-for-profit corporation) STATEMENT OF REVENUE, EXPENSES AND CHANGES IN FUND BALANCES FOR THE YEARS ENDED DECEMBER 31, 2012 and 2011 2012 2011 Revenue General Childcare Total General Childcare Total Student Fees $ 550,197 $ 96,236 $ 646,433 $ 543,006 $ 94,980 $ 637,985 Airbus 124,702 124,702 130,471 130,471 Interest 226 226 211 211 Other 640 640 67,581 67,581 Total Revenue 675,765 96,236 772,001 741,269 94,980 836,248 Expenses Allocations: Student Organizations 484,225 484,225 269,183 269,183 Payments to Affiliates 28,700 28,700 - - Personnel 98,068 98,068 96,114 96,114 Child Care Subsidy Stipends - 96,236 96,236 - 94,980 94,980 General: Advertising 14,236 14,236 13,376 13,376 Airbus 135,420 135,420 170,481 170,481 Equipment Rental 8,177 8,177 8,930 8,930 Depreciation
[Show full text]