FINANCIAL STATEMENT

OF

JUNIOR FINANCE EXECUTIVES

(JFINEX)

PREPARED BY:

ARZENJOY BERAN
JFINEX Treasurer

AUDITED BY:

CHRISTIAN DAVE MAGGAY

JFINEX Auditor

ATTESTED BY:

LILY MARLYNE TION

JFINEX Adviser
 JUNIOR FINANCE EXECUTIVES
Statement of Cash Flows
As of March 23, 2010

Cash Reciepts
Collection of Membership Fee Note [3] P 3975.00
Sales on JFINEX Booth Note [4] 1755.00
Donation from Members 485.00
Provincial Convention Proceeds 11,200.00
Total Cash Receipts P 17,415.00

Cash Disbursements
Payables to Officers Note [5] (253.00)
Subsidy on Food for CICM Day (700.00)
CICM Day Expenses (675.00)
JFINEX Booth Expenses (962.00)
Subsidy on Gadu Relief Operation (200.00)
Alay Pasko (1,250.00)
Receipts (22.00)
Transportation (28.00)
Other Expenses Note [6] (241.00) (4331.00)
Net Cash Flows P 13,084.00
Beginning Cash Balance 11,620.00

Ending Cash Balance P 23,704.25

Prepared By:

Arzenjoy B. Beran
JFINEX Treasurer Noted By:

Christian Dave Maggay

JFINEX Auditor

Jamie Rose Fuertes

JFINEX President

Mrs. Lily Marlyne Tion

JFINEX Adviser

Certified By:

Relynjoy Pubrua
External Auditor
 Junior Finance Executives
Statement of Assets
As of March 23, 2010

Asset
Cash on Account Note [2] P 23,704.25

Total Assets P 23,704.25

Prepared By:

Arzenjoy B. Beran
JFINEX Treasurer

Noted by:

Christian Dave Maggay

JFINEX Auditor

Jamie Rose Fuertes

JFINEX President

Mrs. Lily Marlyne Tion

JFINEX Adviser

Certified By:

Relynjoy Pubrua
External Auditor
 Junior Finance Executives
Notes of Finance Statement

Note [1] Summary of policies

The policies that were used in accounting the transactions of the organization
were those laid down by the Dean of Student Affairs and referred to the
constitution and by-laws of the organization.

Note [2]
Cash on Account P 10,620.25
Less: withdrawals for CICM food Subsidy (700.00)
Add: deposited Cash on hand 2,584.00
Add: Provincial Convention Proceeds 11,200.00
Total Cash on Account P 23,704.25

Note [3] Received from 53 members with the amount of Seventy five Pesos each

53-members
x 75.00-membership fee
P 3975.00- total receipts

Note [4]
Sales
Mango P 255.00
Bread rolls 1500.00
Total Sales P 1,755.00
Less: Expenses
Mango 60.00
Molasses 20.00
Alamang 40.00
Plastic Bag 34.00
Bread rolls 770.00
Transportation 38.00 (962.00)
Net Income P 793.00

Note [5]
Payables to Officers Last Semester: done after audit
Audit Fee P 150.00
Encoding and Printing 83.00
Scanning 20.00
Total Reimbursed Amount to officer P 203.00
Note [6] Other Expenses includes:
Gift for Mrs.venus Bunagan P150.00
Printing and Enconding 91.00
Total P241.00

Prepared By:

Arzenjoy B. Beran
JFINEX Treasurer

Noted by:

Christian Dave Maggay

JFINEX Auditor

Jamie Rose Fuertes

JFINEX President

Mrs. Lily Marlyne Tion

JFINEX Adviser

Certified By:

Relynjoy Pubrua
External Auditor