MMDCCLVI first quarter treasury report

Latest revision as of 08:19, 7 July 2024

Original found at: http://www.novaroma.org/aerarium_saturni/qua03042001.html

First quarter financial update for Nova Roma:

Beginning balance as of 1/1/03: $4,771.59

REVENUE:

• Eagle subscriptions: $148
• Flag revenue: $279.50
• Taxes: $635.51
• Donations: $12

• Total: $1,075.01

EXPENSES:

• PayPal fees: $70.98
• Reimbursement to Marcus Antonius Bianchus for 2002 Lacus Magni event: $150
• Transfer to Ad Funds Res (land fund): $250
• Transfer to Fideicommissum (scholarship fund): $400
• Incorporation fee: $20
• Reimbursement to Cassius for flags sold: $128.25

• Total: $1,019.23

• Ending balance: $4,827.37

NOTES:

The tax revenue is presented only through 4/1/03; the second-quarter report should contain a full accounting of the amounts received.

These totals do not include any reimbursement for Eagle expenses, as the Treasury had not received a statement from the editor. We expect such a statement to be forthcoming and plan to cover these expenses.

Nova Roma came close to breaking even this month despite the annual transfer of funds to our long-term goals. This argues well for our financial health.