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| Financial Highlights
As we enter our third full year of operation, CPEx strives
for financial viability and sustainability, with a focus on
responsible utilization of funds from sponsorships, donations,
gifts, and revenue activities. The Executive Director and Board
of Directors value fiscal accountability and integrity. Prepared
with
in-kind support from accountants at the Colorado Foundation for
Medical Care (CPEx founding member), we are pleased to share financial
results from 2002.
Income Statement
For the 12 months ending
December 31, 2002
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| Revenue:
Contribution Revenue
Interest Income
Training Workshop Fee |
23,528.00
484.05
18,257.42 |
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| Total Revenue |
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Expenditures:
Banking Fees
Conferences Attended
Contract Services
Consultant Expenses
Dues
Food & Refreshments
Insurance
Lodging
Miscellaneous
Occupancy/Mail Drop
Office Supplies
Other Meeting Expenses
Other Professional Fees
Postage & Shipping
Printing & Photocopy
Professional Consultant Fees
Telephone
Training – Introductory Awareness
Training – Workshops
Travel
Web Development & Hosting
Total Expenditures
Net Income
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437.54
275.00
8,432.00
1,276.51
75.00
323.73
989.00
103.92
163.21
360.00
1,379.90
260.17
1,085.00
1,509.59
2,826.50
2,773.70
778.43
219.67
9,511.23
4,371.60
1,516.33
38,668.03
3,601.44
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Balance
Sheet
Statement of Financial Position — December 31, 2002 |
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| Assets |
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| Current Assets |
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| Cash |
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Petty Cash |
— |
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Operating Account |
12,480.37 |
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Payroll Account |
— |
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Savings Account |
28,919.28 |
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| Total Cash |
|
41,399.65 |
Accounts Receivable |
|
— |
Grants Receivable |
|
— |
| Total Current Assets |
|
41,399.65 |
Investments |
|
— |
Property |
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| Total Long-Term Assets |
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| Total Assets |
|
41,399.65 |
| Liabilities & Fund Balance |
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Current Liabilities |
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Accounts Payable |
2,262.00 |
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FICA Withheld |
— |
|
State Umemployment Tax Withheld |
— |
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| Total Current Liabilities |
|
2,262.00 |
| Fund Balances |
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Designated Funds |
— |
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Permanently Restricted Funds |
— |
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Temporarily Restricted Funds |
— |
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Unrestricted Funds |
35,536.21 |
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Net Earnings (Year End) |
3,601.44 |
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| Total Fund Balances |
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39,137.65 |
| Total Liabilities & Fund Balances |
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41,399.65 |
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