2004 Spring Quest Budget
The budget for the 2004 Spring Quest event shows an net surplus with 70 participants. This surplus is needed to restore the operationg capital of the CSQ organization so we can fund additional events without the event staff having to carry the debt burden.
Spring Quest - 2004
Proforma Budget
| 40 | 60 | 100 | Number of Full Time Equivalent Participants | |
| Income | ||||
| Registration | $3,367 | $5,040 | $8,400 | |
| Learning Circle Fees | $150 | $300 | $480 | |
| T-Shirt income | $195 | $195 | $195 | |
| Total Income | $3,712 | $5,535 | $9,075 | |
| Expenses | ||||
| Facilities Rental | $1,000 | $1,000 | $1,000 | |
| Meals - participants | $802 | $1,200 | $2,000 | |
| T-shirt expense | $357 | $357 | $357 | |
| Learning Circle Materials | $200 | $300 | $500 | |
| Children's Program | $150 | $150 | $150 | |
| Misc. Admin Expense | $40 | $60 | $100 | |
| Printing | $1000 | $1000 | $1000 | |
| Mailing | $163 | $163 | $163 | |
| Total Expenses | $3,712 | $4,230 | $5,270 | |
| Net Surplus (Deficit) | $0 | $1,306 | $3,806 |
Fiscal year 2003 was a financial disaster for Carolina Spirit Quest, Inc. We ended the year with a net worth of about $20. Serious consideration was given to disbanding the organization. We were able to survive only because some of the members were willing to forgo timely repayment of expenses. A combination grant and loan totalling $500 from Celebrate the Circle gave us the funds to conduct Winter Quest 2004 and start us on the way back to financial health.
| Statement of Financial Possition July 31, 2003 | |
| Assets | |
| Cash | $221 |
| Prepaid Expense | $1,000 |
| Total Assets | $1,221 |
| Liabilities & Net Assets | |
| Accounts Payable | $1,200 |
| Net Assets | $21 |
| Total Liabilities & Net Assets | $1,221 |
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Last updated 3/23/04