2011 P & L Statement

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