CIGAR | CIGAR Accounting – May 2018

Hear ye! Hear ye! Fiends of finance, acolytes of accounting, disciples of dispositions; gather round! In this post you will find our May accounting report, Paypal account report, and the monthly invoice for our dedicated server. The reports include all of our income and expenses from May 1, 2018 through May 31, 2018.

State of CIGAR financials:

With another month gone, and as per usual, CIGAR is in good shape financially. This month our income was slightly less than our expenses (by about $30), but our general fund had plenty in reserve to cover the shortfall. Going forward we will be able to cover this income deficit for another 6 months. (Assuming income does not change and without dipping into our reserve funds.)

An appeal for donations:

If you are able, please consider throwing a few bucks into the pot every month! Of course that means more money available to cover hosting and server costs, but its important for another critical reason. More donors means more income stability. Member’s situations are always changing and those who are able to donate this month may not be able to in the future. With many members donating we are far less likely to have major unexpected monthly shortfalls. Praise be the Emperor.

 

CIGAR Accounting Reports:

The CIGAR Accounting Report can be found Here

The Paypal Account Report can be found Here

The OVH Dedicated Server Invoice can be found Here

A couple reminders about the different accounts:

  • The General Account is for donation income, general payments, and transfers to the Savings and Reserve Accounts.
  • The Savings Account is used to save for known upcoming expenses such as those relating to the website. Many website services are billed infrequently. Please see the website costs sheet for more information.
  • The Reserve Account is used as a buffer against unknown expenses, taxes, or to cover for the loss of regular income. Any money remaining in the General Account at the end of each month is transferred to the Reserve Account until $400 is accrued.

If you have any questions about the report or the current state of our finances, contact Wshift via pm, on discord, or at Wshift@canigetarally.com