User:Brett Wuth/Running Notes/2016-07

From PCSAR

2016-07-05

Review draft financial statements

• Vehicle Expenses:Repairs went from $1,396.92 on the 2016-06-21 report to not reported on 2016-06-27; result of trailer hitch being listed as asset purchase instead of expense
• Remainder of municipal grants that we were promised this year should be list as an accounts receivable
• Changes to existing rows
  • Remove the category "Reimbursed Expenses". These transactions should credit the expense categories for which they are reimbursements (or the accounts receivable if that was done previously).
  • Move "Incident Phone Lines" under "Communications Capability"
  • Correct spelling in category "Licence Plates". The first word should be spelt "License"
  • What are the charges to "MCP Expenses:Repairs"? I wonder if these have to do with other vehicles.
  • The "Mantracking" expense should be a payment of an account payable carried over from last year. If that's not possible, it should be charged to "Outside Courses" and the financial statements should include a note that it was an expense incurred in the previous financial year.
  • Where is the Briefing Trailer and the Wheeled Stretcher? If they don't show up on the Income and Expense statements because they've be listed as capital, then we need to see the Balance Sheet as well.
  • Remove the category "Expensed Casino Purchases:Shipping". This expense should be distributed among the products purchased.
• Budget amendments needed
  • Rope Rescue Supplies and Equipment budget $2430.00 actual $2,500+