To all who read this page, greetings from Master Alaric MacConnal, Chancellor of the Exchequer to the College of Arms (or the Heraldic Money Dude)!

This summary is a correction since the prior version I sent out had some errors (thanks to Master Edmund Tregelles, Silver Buccle Principal Herald for noticing the error and reporting it).

Here is the summary of the 2002 Financial Report for the College of Arms, drawn from the first two pages of the complete financial report. If there are any questions, or if anyone wishes to see the complete financial report, please feel free to contact me at any of the following to make arrangements. I will have the complete financial report available at the 2003 KWHS should that be a convenient time.

Robert Smith
1194 Firwood Drive
Pittsburgh PA 15243
alaric@pobox.com

In Service,

Alaric

ASSETS  Start  End
Cash on hand  0.00  50.00
Cash earning interest  11145.56  17146.82
Receivables  0.00  0.00
Purchased property  834.75  834.75
Accumulated depreciation  786.66  834.75
TOTAL ASSETS  11193.65  17196.82
 
LIABILITIES
Newsletter Subscriptions Due  179.17  114.58
Payables  407.50  0.00
TOTAL LIABILITIES  586.67  114.58
 
NET WORTH  10606.98  17082.24
 
CHANGE IN NET WORTH     6475.26
 
INCOME
Heraldic Submissions  1378.00
Transfers from another SCA account  11856.00
Interest  424.06
Net Newsletter Income  164.59
TOTAL GROSS INCOME  13822.65
 
EXPENSES  
Depreciation  48.09
Food  1006.74
Supplies  786.06
Postage  1730.69
Printing  1420.59
Telephone  159.49
Travel  1567.90
Transfers to another SCA account  627.83
TOTAL EXPENSES  7347.39
 
NET INCOME  6475.26