Republic of the Philippines

PALAWAN STATE UNIVERSITY

SOCIETY OF INFORMATION SYSTEM

Worksheet
As of June 30, 2017

Trial Balance Statement of Activities Financial Position

Cash ### ###
Net Assets 6,000.00 ###
Revenue ### ###
Supplies 24734.85 ###
Food Expense 62579.16 ###
Miscellaneous Expense 2368 2,368.00
Other Expense 2815.25 2,815.25

Total ### ###

### ### ###
### ### ###
Changes in Net Assets ### ###
Balance ### ### ### ### ### ###
 Republic of the Philippines
PALAWAN STATE UNIVERSITY
SOCIETY OF INFORMATION TECHNOLOGY ENTHUSIASTS

Statement of Financial Position

Ended August 31, 2017

Assets: Note
Current Assets
Cash 1 84,603.78
Accounts Receivable from CS-CSC 500.00
NonCurrent Assets
Property and Equipment-net 2 11,403.09
Total Assets ###

Net Assets:
Unrestricted 96,506.87
Temporarily Restricted
Permanently Restricted -
Total Net Assets ###
 Republic of the Philippines
PALAWAN STATE UNIVERSITY
Society of Information Technology Enthusiasts

Statement of Cash Flows

Ended August 31, 2017

Cash Flows from Operating Activities:

Cash received for lanyard 200.00
Cash paid for Supplies (1,432.00)
Cash Paid for Site Renovation (1,438.30)
Cash Paid for Site Meeting for Intrams (484.00)
Cash Paid for Supplies for Intrams (1,324.15)
Net cash provided by (used for) operating activities (4,478.45)

Cash flows from Investing Activities

Net cash provided by (used for) investing activities
Cash flows from FinancingAactivities
Cash borrowes by CS-CLC
Net cash provided by (used for) financing activities

Net Increase (Decrease) in Cash and Cash Equivalents (4,478.45)

Cash and Cash Equivalents at beginning of Month 89,082.23
Cash and Cash Equivalents at end of August 84,603.78
 Republic of the Philippines
PALAWAN STATE UNIVERSITY
SOCIETY OF INFORMATION TECHNOLOGY ENTHUSIASTS

Statement of Activities
Ended August 31 2017
Temporaril
y Permanently
Unrestricted Restricted Restricted Total
Revenues:
Lanyard 200.00 200.00
-
-
Total Revenues 200.00 - - 200.00

Net Assets Released from Restrictions:

Satisfaction of Program Requirem

Total Net Assets released from Rest - -

Total Revenue 200.00 - - 200.00

Expenses:
Supplies 1,432.00 1,432.00
SITE renovation 1,438.30 1,438.30
SITE meeting for Intrams 484.00 484.00
Supplies for Intrams 1,324.15 1,324.15
Depreciation 362.54 362.54
Total Expenses 5,040.99 5,040.99

Changes in Net Assets (4,840.99) - - ###

Net Assets beginning of month 101,347.86 - - ###

Net Assets, ended Aug 31 ,2017 96,506.87 - ###

 Republic of the Philippines
PALAWAN STATE UNIVERSITY
SOCIETY OF INFORMATION TECHNOLOGY ENTHUSIASTS

Statement of Functional Expenses

For the month of August 2017

Supporting Services
Total All Total Management Total
Services Programs and General Supporting

Supplies Expense ### 2,723.70 2,723.70

Food Expense 497.25 497.25 497.25
Miscellaneous Expense 140.00 140.00 140.00
Other Expense ### 1,680.04 1,680.04

Total Expenses ### - 5,040.99 5,040.99

GY ENTHUSIASTS
Supplie- Food-supMisc Other
525.00 ### ###
644.00 ###
### 234.00 250.00
230.00 140.00 ###
###
215.00
###
264.00

### ### 140.00 ###

 Republic of the Philippines
PALAWAN STATE UNIVERSITY
Society of Information Technology Enthusiasts

Notes to Financial Statements

Ended August 31,2017

Note 1: Cash
Cash on Hand 5128.57
Cash in Bank 79475
Total Cash 84604

Note 2: PPE
Property and Equipment beg 11766
Less Accumulated Depn
Total Depn. Per sem 2175.23
divide 6 months 6
Depn per month 362.54
Depn August 362.54
PPE as of June 30,2017 ###