Culture Centre Financial Statement

Church Street School Cultural Centre
O/A Aurora Cultural Centre
Q3 Financial Statements for the 9 Months ended Sept. 30, 2011
Statement of Financial Position Sept 30/11 Dec 31/10
(unaudited) (audited)
ASSETS
Current Assets
Cash                                      251,081.                        . 206,408
Accounts receivable                 1,155.                         .     4,133
Prepaid expenses                      9,228.                           .   1,357
Total current assets               261,464.                          .211,898
Capital assets, net of depreciation 71,657.                    . 71,636
Total assets                            333,121 .                        . 283,534
LIABILITIES AND NET ASSETS
Current Liabilities
Accounts payable and accruals 0 17,048.
Deferred program revenues 0  4,660.
Total current liabilities 0         21,708.
Deferred revenues                    9,085.                            .10,627
Total liabilities                           9,085.                           .32,335
Net Assets                             324,036.                         .251,199
Total liabilities and net assets 333,121.                        .283,534


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Statement of Operations and Changes in Net Assets
3 Months
ended
9 Months
ended
Sept 30/11 Sept 30/11
(unaudited) (unaudited)
REVENUES
Grants                                                      110,413 .         . 291,287
Programs                                                    26,550.            80,993
Donations and sponsorships                         4,592.           .28,235
Total revenues                                           141,555.         . 400,51

PROGRAM EXPENDITURES

Program salaries and benefits                     33,298 .            .85,949
Program expenses                                       21,702.              70,716
Occupancy                                                    4,677.             .13,311
Amortization                                                 5,861.               .15,002
Total program expenes                                65,538 .             .184,978

ADMINISTRATIVE EXPENDITURES
Administrative salaries and benefits           41,358.                115,750
Equipment leases and repairs                          884                     2 ,311
                            
Office                                                            4,328.                  11,438
Telephone and communications                   1,256 .                   .3,314
Insurance                                                      1,347.                   . 3,956
Professional fees                                          1,445 .                    4,092
Interest and bank charges                                386 .                   1,839

Total administrative expenditures               51,004 .               142,700

TOTAL EXPENDITURES 116,542 327,678

EXCESS (DEFICIENCY) OF REVENUES OVER

EXPENDITURES 25,013 72,837

NET ASSETS - Beginning of period 299,023 251,199

NET ASSETS - End of period 324,036 324,036

The accompanying Executive Director Key Performance Indicators form a part of these financial
statements.
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The first page transferred as you see the second page. I've worked on the first page to put the figures back the way they were before the page was transferred .I am going to publish it now to see if it stays in place. If it does I will come back and do the second page.