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August Financial Statement

This document summarizes the cash flows of the UP Asian Institute of Tourism Student Council for the month of August 2014. It shows cash inflows of P23,818 from student fund collections and kiosk sales, and cash outflows of P4,762 for various council projects, operations, and maintenance expenses. This results in a net cash flow of P19,056 for the month. Adding the beginning cash balance of P1,000, the ending cash balance for August 31, 2014 was P20,056. The finance councilor affirmed that the statement of cash flows fairly represents the financial transactions for the month in accordance with the university's accounting standards.

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35 views

August Financial Statement

This document summarizes the cash flows of the UP Asian Institute of Tourism Student Council for the month of August 2014. It shows cash inflows of P23,818 from student fund collections and kiosk sales, and cash outflows of P4,762 for various council projects, operations, and maintenance expenses. This results in a net cash flow of P19,056 for the month. Adding the beginning cash balance of P1,000, the ending cash balance for August 31, 2014 was P20,056. The finance councilor affirmed that the statement of cash flows fairly represents the financial transactions for the month in accordance with the university's accounting standards.

Uploaded by

UP AIT Student Council 14-15
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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UP Asian Institute of Tourism

Statement of Cash Flow


For the Month Ended August 31, 2014



CASH INFLOWS Note

Council Mandated Funds

Student Fund Collections 1 P 23,700.00

Total

P 23,700.00
Income Generating Projects

BSS Kiosk Collection

51.00

School Supplies Kiosk

67.00

Total

118.00
Total Inflows

P 23,818.00

CASH OUTFLOWS

Council and Other College Projects

Freshmen Welcome Assembly Expenses 1 P 1,735.00

CR Improvement

1,211.85

School Supplies Kiosk

468.00

BSS Kiosk

606.50

Total

P (4,021.35)
Operation and Maintenance Expenses

Bulletin Boards

390.75

AIT SC Room Key Duplication

200.00

Notarization (Secretary's Certificate)

150.00

Total

(740.75)
Total Outflows

P (4,762.10)
Net Cash Flow

19,055.90
Add: Beginning Cash Balance, August 4, 2014

1,000.00
Ending Cash Balance, August 31, 2014

20,055.90

CASH BREAKDOWN

Cash on hand

19,055.90
Cash in bank

1,000.00
Cash Balance, August 31, 2014

20,055.90





NOTES TO FINANCIAL STATEMENT

1. General Registration

Inflows

Student Fund Collections P 23,700.00

Total Inflows

P 23,700.00
Outflows

FWA Primer

1,735.00

Water Bottles

263.50

Total Outflows

(1,998.50)
Net Cash Flow

P 21,701.50




STATEMENT OF FINANCE COUNCILORS ACCOUNTABILITY

I am hereunto affirming that to the best of my intentions, the Statement of Cash Flows and all its
pertinent information fairly represent all the financial transactions that have transpired within the
council, its constituents, and all relevant stakeholders for the month ending August 31, 2014, an in
conformity with the standard accounting procedures as set forth and duly upheld by the University
Student Council of UP Diliman.


Prepared by:



Vaneza B. De Layola
Finance Councilor
UP Asian Institute of Tourism

Noted by:


Ghie-ghie Calderon
Chairperson
UP Asian Institute of Tourism

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