2005 Spring Quest Budget
The budget for the 2005 Spring Ques event incorporates a net surplus to underwrite overhead costs that are shared by all events (newsletters, bulk mail fees and board meetings). The targeted attendance for budget purposes is 60 Full-time participants.
Spring Quest - 2005 Proforma Budget
| 40 | 60 | 100 | Number of Full Time Equivalent Participants | |
| Income | ||||
| Registration | $3,400 | $5,100 | $8,500 | |
| Learning Circle Fees | $150 | $300 | $480 | |
| T-Shirt income | $195 | $195 | $195 | |
| Total Income | $3,745 | $5,595 | $9,175 | |
| Expenses | ||||
| Facilities Rental | $1,000 | $1,000 | $1,000 | |
| Meals - participants | $800 | $1,200 | $2,000 | |
| T-shirt expense | $357 | $357 | $357 | |
| Learning Circle & Ritual Materials | $240 | $360 | $600 | |
| Misc. Admin Expense | $90 | $135 | $225 | |
| Printing | $800 | $800 | $800 | |
| Mailing | $156 | $156 | $156 | |
| Total Expenses | $3,443 | $4,008 | $5,138 | |
| Net Surplus (Deficit) | $302 | $1,587 | $4,037 |
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 and Spring Quest 2004 and start us on the way back to financial health.
| Statement of Financial Possition | ||
| July 31, 2003 | July 31, 2004 | |
| 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 3/12/05