FRIENDS OF LUDLOW AUDITORIUM, INC.
STATEMENT OF OPERATIONS (Modified Cash Basis)
YEAR ENDED DECEMBER 31, 2011
REVENUES:
Memberships – Individual, Family &
Corporate $ 2,215.00
Donation from Ludlow
Voters 1,500.00
Movie
Donations
761.85
Other
Donations
2,140.00
Productions:
Curbstone
Chorus $ 185.00
Gorman/Dover ($1,000 guarantee)
<331.00>
Gypsy Reel ($600
guarantee) <18.00>
J. Schwab Concert ($655 guarantee
before sponsors’ loss
shares) <138.00>
Hart
Skits
701.00
Christmas
Celebration 430.00
829.00
Total
Revenue $ 7,445.85
EXPENDITURES:
Asset Transfers to Town of Ludlow:
Movie Equipment Acquired in 2010
$ 7,500.00
Black Out
Shades 1,618.00
Sony BluRay Players
(2) 431.79
Audio
Upgrade 2,953.50
Fans and
Other 200.41
$12,703.70
DVDs Purchased – All 2011 Movies
218.82
All 2012
Movies 298.15
Piano
Tuning
290.00
Fund Raising
Stationery
73.98
Other:
Christmas Tree, Ornaments
$ 190.76
Chamber of Commerce
Dues 135.00
Balcony Furniture,
Supplies 376.66
Performer Recognition
212.71 915.03
Total
Expenditures $ 14,499.68
EXCESS OF EXPENDITURES OVER REVENUES
$ 7,053.83
NET ASSETS EXPENDED IN 2011:
Assets held at December 31, 2010
transferred in 2011
$ 7,500.00
Cash increase in 2011:
Balance at December 31,
2010 $ 3,217.25
Less Checking Account Balance
at December 14, 2011
<3,513.42>
Less Change Fund Established
in 2011
<150.00>
<446.17>
Net Assets
Expended
$ 7,053.83
FRIENDS OF LUDLOW AUDITORIUM, INC.
CHANGES IN EQUITY (Modified Cash Basis)
YEAR ENDED DECEMBER 31, 2011
EQUITY AT DECEMBER 31, 2010:
Cash $
3,217.25
Assets held for
transfer 7,500.00 $ 10,717.25
LESS ASSETS EXPENDED IN
2011 <7,053.83>
EQUITY AT DECEMBER 31, 2011:
Checking Account Balance
$ 3,513.42
Change Fund
Balance 150.00 $
3,663.42
