VedicCulturalCenter

Budget

2009 Balance Sheet

2009 Income and Expenses

					Income Statement	2008
Profit and Loss

Date Range: January 1, 2008 - December 31, 2008
Account: All, Report Basis: Accrual, Name: All, Closing Postings: Not Included
Wednesday, February 04, 2009

						1/1/08 - 12/31/08
	Ordinary Income/Expense
			Income
				4010-03 - Revenue - Rev1 Fund
					4011-01 - Cash Contributions-Rev - Devotee	1,198,883.82
					4011-02 - CC Contribution- Revenue-Credit Card -Devotee	25,149.30
				Total 4010-03 - Revenue - Rev1 Fund		1,224,033.12
			Total Income			1,224,033.12
		Gross Profit				1,224,033.12
			Expense
					6000-01 - Food For Life-ISKCON-VCC	94,479.90
					6120-03 - Legal Fees	10,163.24
					6120-04 - Licencing & Application fee	1,359.20
					6140-03 - Gift to Devotee-Souvenior	6,357.00
					6140-04 - Website & Advertising, public relations costs-Rev2	76.55
					6250-01 - Bank Charge-Genl	16,490.80
					6292-01 - Rent	29,357.75
					6292-02 - Equipment Rental & Maintenance-FA	1,560.54
					6292-03 - Educational-Vedic School	25,050.00
					6295-01 - Property Tax	(10,501.58)
				6300-01 - Altar For RadhaKrishna
					6300-02 - Flowers	12,876.82
					6300-03 - Diya/Dhoop & Misc	1,494.75
				Total 6300-01 - Altar For RadhaKrishna		14,371.57
					6450-03 - Insurance Expenses	2,387.00
					6470-03 - Event Expenses	20,917.09
					6470-04 - Festival Of India	47,973.58
					6490-01 - Festival Rent	8,247.00
					6490-04 - Repair & Maintenance	13,057.82
					6510-03 - Supplies	900.00
					6510-04 - Misc- General Expenses	22,249.30
				6600-01 - Utility
					6600-02 - Water & Sewer Chg	1,561.26
					6600-03 - Light & Gas	5,717.13
					6600-04 - Phone & Communication	2,083.17
					6600-05 - Garbage & Waste	4,721.99
				Total 6600-01 - Utility		14,083.55
					6650-01 - Travel Expenses-Genl	607.09
			Total Expense			319,187.40
	Net Ordinary Income					904,845.72
	Other Income/Expense
			Other Income
					7100-01 - Interest Income-Genl	782.11
			Total Other Income			782.11
			Other Expense
					8100-01 - Interest Expense-LOC	41,553.22
					8100-03 - Interest Exp- Mtg Loan	40,940.50
					8100-04 - Depreciation Expense	61,290.11
			Total Other Expense			143,783.83
	Net Other Income					(143,001.72)
Net Income						761,844.00

			Balance Sheet 2008
Balance Sheet

As of: 12/31/2008
Report Basis: Accrual
Wednesday, February 04, 2009

				As of 12/31/08
Assets
	Current Assets
		Cash
			1003-01 - Key- Construction CD	22,078.39
			1004-01 - Viking -Checking A/c	765.66
			1010-01 - Key-Checking A/C	114,391.59
			1010-03 - Key-Construction Savings	1,076.67
			1100-01 - Investments-Stocks	2,000.00
		Total Cash		140,312.31
		Accounts Receivable
			1200-01 - Pledges Receivable	6,747.26
		Total Accounts Receivable		6,747.26
		Other Current Assets
			1410-01 - Prepaid Expenses-Genl	2,387.00
		Total Other Current Assets		2,387.00
	Total Current Assets			149,446.57
	Fixed Assets
			1700-01 - VCC- WIP ISKCON Building	3,794,835.07
			1710-02 - VCC-ISKCON- LAND	200,000.00
			1720-03 - Altar Furniture & Music Instruments	6,663.67
			1730-04 - Large Vessels & POts	3,757.72
			1740-05 - Generator	1,428.55
			1750-05 - Tents & Misc	5,971.44
			1760- 1 - Kitchen Plus	48,991.00
			1760-02 - Elevator	46,260.00
			1760-03 - HVAC ( Heating & Airconditioning)	237,500.00
			1790-02 - Accumulated Depreciation	(61,290.11)
	Total Fixed Assets			4,284,117.34
Total Assets				4,433,563.91
Liabilities & Equity
	Liabilities
		Long Term Liabilities
			2510-01 - VCC-MTG LOAN-Viking Bank	1,386,236.50
		Total Long Term Liabilities		1,386,236.50
	Total Liabilities			1,386,236.50
	Equity
			3000-01 - Opening Balances-General	2,285,483.41
			Net Income	761,844.00
	Total Equity			3,047,327.41
Total Liabilities & Equity				4,433,563.91