FINANCIAL STATEMENTS
TO:
FROM:
COPIES:
SUBJECT:
DA TE:
~. ~ ~/L 3'/~"lq,/
C I T Y 0 F C LEA R \V ATE R
Interdepartmental Corre.c:pondence Sheet
Margie Simmons, Assistant Finance Director ~ I _I
Ream Wilson, Director, Parks and Recreation( ( ~V'V
I
Clearwater BomberjiY~~aJicral-;sf;;t;~~~'"'
, ".: '-,:",0' '." ..<........~,.......-:"....1
~. -.- -- .
December 20, 1993
Attached is information I just received from the
Clearwater Bombers regarding their financial statements
for this past season. In the event we receive any
questions in the future, I would appreciate your
reviewing these statements and pro~iding me any comments
you might have.
Please contact me if you have any questions.
RW:LB
RE(~ErVED
AUG 25 1994
CITY CLERK DEPT.
" - ", A. I ~.)
(0- I 7,:," CIi,' \.-. .'
I
, I
Peter J. Porcelli. Jr.
ChalnHaH I- Cola
Clearwater ~olMhers, Itlo.
6Z0Z ~et1JalMftl Road, Suite 100
r alMpa, n ~~6~4-5tSO
(81~J 881-1800 OffIce
CSI~) 'S7-~02.0.Fax
~arry Kahler
I Pirector of Rayer l'enoHHe/
I- Reid MaHager
r:D ~(U.mC~'t 1 5, 1 993
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,gtat~ment5 'C.e~a'tdln9 tG.i!. {! ~'C.uralz'C. RmG~u fo't ,gepu.mC~'t 30, 1 993 ,vG.ioG.,
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endea!7ou with th~ (! le.at.uralz'C. !B,mC~u.
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HEAI1QUA({TE({S: 62.02. ~ettJalMltI ({oad, Suite 100 r alMpa n ~~6~4-S1S0
I
-. Clearwater BOmberB, Inc.
INCOME STATEMENT
FOR TilE PERIOD AND YEAR ENDED 09/30/93
I
Page 1
(121 09/30/93
Current Period
,
Yellr-to-Dllte
INCOME
DONATION/HATCn FUNDS/CITY-CLWR
R!:VENUW - TICltWT SALKS
IR JUNO REVI!NUW
DONATION-PETER J. PORCELLI, JR
DONATION-CHARLIW BUSCH
DONATIONS-CORPORATE
DONATIONS-INDIVIDUALS
HISCELLANEOUS INCOHl!
,
$0.00 0.00 S1, 532.50 15.76
0.00 0.00 451.00 4.45
0.00 0.00 719.00 6.94
235.00 5.52 856.00 8.36
0.00 0.00 13.00 0.13
4,020.00 94.48 4,035.00 38.95
0.00 0.00 2,642.00 25.51
1,161.64 27.30 1,161.64 11.22
------------------ ------------------
$5,416.64 127.30 $11,530.14 111.34
TOTAL INCOME
COST OF GOODS SOLD
EQUIPMENT EXPENSE $0.00 0.00 $120.00 1.16
UMPIRE EXPENSE 0.00 0.00 460.00 4.44
OPPOSING TEAM/TRAVI!L EXPENSE 0.00 0.00 50.00 0.48
PLAYER LIVING EXP-H. BRITT 0.00 0.00 1,200.00 11. 59
PLAYER LIVING EXP-B. MilLER 0.00 0.00 800.00 7.73
PLAYER LIVING EXP-LORAN ALGAR 0.00 0.00 200.00 1. 93
UNIFORH EXPENSE 0.00 0.00 10.00 0.10
TOURNAHENT FEES 0.00 0.00 100.00 0.97
------------------ ------------------
TOTAL COST OP' GOODS SOLD $0.00 0.00 $2,940.00 28.39
------------------
------------------
GROSS PROFIT
$5,416.64
$8,590.14
127.30
OPERATING EXPENSES
, CONTRJ\CT LABOR - HISC.
OFFICE SUPPLIES EXPENSE
TRAVI!L EXPENSE
ADVI!RTISING EXPENSE
BANK CHARGES
FEES - LICENSE EXPENSE
EXPENSES INCURRED BEFORE 7/15
$2,710.00
0.00
402.53
0.00
7.40
0.00
(23,116.101
63.69
0.00
9.46
0.00
0.17
0.00
543.27
$2,710.00
94.93
1,716.26
180.69
15.60
52.50
1,422.50
TOTAL OPERATING EXPENSES
($19,996.171 469.95
$6,192.48
NET INCOHE (LOSS) FROH OPERATIONS
$25,412.81
597.25
$2,397.66
------------------
------------------
82.95
26.17
0.92
16.57
1.74
0.15
0.51
13.74
59.80
23.15
~earwater Bombers,
BALANCE SHEET
11/30/93
ASSETS
CURRENT ASSETS
GREAT WESTERN BANK - GENERAL
Inc.
I
$0.18
Page 1
( 2) 11/30/93
TOTAL CURRENT ASSETS
------------------
$0.18
FIXED ASSETS
ASSETS
, $2,936.15
TOTAL FIXED ASSETS
------------------
$2,936.15
OTHER ASSETS
TOTAL OTHER ASSETS
TOTAL ASSETS
------------------
$0.00
------------------
$2,936.33
------------------
------------------
I I
Clearwater Bombers, Inc. Page 2
BALANCE SHEET ( 2) 11/30/93
11/30/93
CURRENT LIABILITIES
LIABILITIES & STOCKHOLDER EQ~ITY
TOTAL CURRENT LIABILITIES
------------------
$0.00
LONG TERM LIABILITIES
TOTAL LONG TERM LIABILITIES
------------------
$0.00
STOCKHOLDER EQUITY
PRIOR YEARS RETAINED EARNINGS
CURRENT PERIOD PROFIT (LOSS)
TOTAL STOCKHOLDER EQUITY
$2,397.66
538.67
------------------
$2,936.33
TOTAL LIABILITIES & STOCKHOLDER EQUITY
------------------
$2,936~33
==================
I/lCOHP.
DO/lATION/HATCII FUNDSICITY-CLWR
DO/lATIONS-COnPORATR
TOTAL INCOHK
COST OF GOODS SOLD
PLAYER LIVING EXP-H. BRITT
PLAYER LIVING EXP-B. MilLER
TOTAL COST OF GOODS SOLD
GROSS PROFIT
OPERATING EXPENSES
TELEPHorlE EXPENSE
TRAVEL EXPENSE
BANI( CHARGES
PLAYER RECRUITMENT EXPENSE
TOTAL OPERATING EXPENSES
NET INCOME (LOSS I FROM OPERATIorlS
I
Clearwater BomberB, Inc.
INCOME STATEMEtlT
FOR THE PERIOD AND YEAR EtlDED 11/30/93
il
Page 1
( 2) 11130193
Current Period
,
Year-to-Date
$1,022.17
2,76!L24
26.96
73.04
$1,022.17
5,538.48
------------------
------------------
$3,791.41
100.00
$6,560.65
,
15.58
84.42
100.00
$2,000.00 52.75 $2,000.00 30.48
380.00 10.02 1,330.00 20.27
------------------ ------------------
$2,380.00 62.77 $3,330.00 50.76
------------------ ------------------
$1,411.41 37.23 $3,230.65 49 .24
$0.00 0.00 $73.56 1.12
0.00 0.00 158.74 2.42
0.00 0.00 7.80 0.12
2,451.88 64.67 2,451.88 37.37
------------------ ------------------
$2,451. 88 64.67 $2,691.98 41.03
------------------
($1,040.47)
27.44
$538.67
------------------
------------------
8.21