Neualtenburg Balance Sheet in Lindens
http://www.tospitimou.com/Neualtenburg/BalanceSheetLD.pdf
Neualtenburg Balance Sheet in US Dollars
http://www.tospitimou.com/Neualtenburg/BalanceSheet.pdf
Neualtenburg Income/Expense Report in Lindens
http://www.tospitimou.com/Neualtenburg/IncomeExpenseLD.pdf
Neualtenburg Income/Expense Report in US Dollars
http://www.tospitimou.com/Neualtenburg/IncomeExpense.pdf
Well! For the first time we have a budget! Looking at the US$ version of the Income/Expense Report, I've reorganized it slightly to show the month... how we did, and what the budget was. This is a very simple accounting system, so many of the comparison type data you often find isn't available from it, unless you do a spreadsheet.
And, we did ok! Slightly less revenue than was budgeted, but, also very slightly less expenses. The bottom line is that we were US$104 dollars ahead for the month.
A digression back to the budget. I have included budgeted accounts in this report, things like monthly fees, land sales, conversion fees. Next month there will also be professional fees and webhost charges. But I have NOT included project funding, since we don't yet know in exactly which month each will occur. Also, since most of the budgeted project funding is toward infrastructure... (website, mapping software, election system...), what accountants call "Investments in Fixed Assets", these amounts won't appear on the Income Expense Report at all. In this respect, "investing in fixed assets" is more like "putting money in the bank". It still has value even though your cash is less.
Of course, for those aware of these things, this means that at some point I'll have to start depreciating these things... buildings, software.... I'll get to that
. I'm complexity averse by nature .All this talk about investments and fixed assets leads us to the Balance Sheet. I offer my usual mantra about Balance Sheets for those individuals whose eyes gloss over immediately on opening the Neualtenburg Bank thread. A Balance Sheet is everything we *own* minus everything we *owe*. The difference is the *worth* (called Net Worth, Equity, etc) of the entity.
As usual, since on the Income Expense Report we show a "Net Income" of US$104.14, the "Equity" on the Balance Sheet is exactly that much more than it was last month. Neualtenburg now has what's called a "book value" of US$490. That's pretty good. Even better is that the only part of that that's not cash is the US$71.94 in "fixed assets"... "investments. Of course, that number, and its ratio to cash, is going to increase in the months ahead as we begin to "invest" in the projects that we've outlined in the budget. Not a problem, only, nothing is as convertible as cash.
Some details. All loans but one are paid down, and that one should be terminated this month. Fees and webhosting appear in the budget in March, thats why the're not here. Also scheduled for action shortly is final payment to Kendra for the Rathaus. The US$18 Software account shows the first half paid for the mapping software, results of which you can see on the site.
I mentioned last month that I am aware that the land, despite obviously generating income, shows no book asset value on the Balance Sheet. Anyone concerned about this is welcome to discuss it with me. My appraoch is simple and conservative, but there may come reasons soon for wishing to show the land in the Assets column.
As usual, questions cheerfully welcomed. Neualtenburg is for the moment at least a financially healthy organization.
Sudane