Balance Sheet Current Year vs Prior Year As of March 31, 2017 Current Year Prior Year Current Assets Wells Fargo 949,453.03 996,219.40 Citizens Checking 7,293.00 98,797.25 Rockland Trust 529,612.93 459,047.83 Prepaid 2,835.29 2,956.43 Accounts Receivable 264,834.83 500,230.00 Non Sales Order AR 3,010.00 95.00 Res Uncollect Accts (10,501.00) (6,152.34) Refund Account (729.00) (4,580.00) Due To/From MIAA (45,132.56) (54,150.02) Office Equipment 129,295.35 57,802.35 Accum Depr Officec Equipment (54,246.67) (50,129.97) Total Current Assets 1,775,725.20 2,000,135.93 Current Liabilities Accrued Pension 17,534.00 39,023.00 Accrued Vacation 21,476.00 16,250.00 Accrued Post Retirement Benefit 234,949.00 50,364.00 Accrued 7,541.04 7,541.04 Deferred MASC Summer Camp 1,500.00 0.00 Deferred Member Due 0.00 935.00 Deferred National Dues (1,415.00) 215.00 Deferred Summer Institute 30,985.00 34,468.00 Deferred Summer Institute Vendor 9,000.00 0.00 Deferred LLP 3,260.00 209,600.00 Deferred NEMASC 0.00 6,115.60 Deferred Conferences 0.00 540.00 Pension Withheld 194.10 191.20 Unreimbursed Medical 2,009.15 0.00 Total Current Liabilities 327,033.29 365,242.84 Fund Balance Fund Balance 718,937.74 993,984.06 Retained Earnings Current Year 729,754.17 640,909.03 Total Fund Balance 1,448,691.91 1,634,893.09 Total Liabilities & Fund Balance 1,775,725.20 2,000,135.93 Page 1
Statement Summary Administration Current Period Year to Date Annual Budget Current Period Year to Date Interest/Investment 0.00 0.00 35,000.00 0.00 0.00 Facility Rental 0.00 4,000.00 0.00 0.00 4,000.00 Credit Card Fees Recd 470.09 822.64 0.00 54.31 217.73 Late Fees 900.00 6,200.00 0.00 180.00 780.00 Miscellaneous 0.00 0.00 1,000.00 0.00 0.00 Leader/Web Advertising Revenue 0.00 0.00 1,000.00 0.00 0.00 Membership Dues 6,305.00 337,635.00 350,000.00 4,625.00 318,875.00 Admin Charges NHS 833.33 7,499.97 10,000.00 833.33 7,499.97 Admin Charges Student Council 5,000.00 45,000.00 60,000.00 5,000.00 45,000.00 Admin Charges Cheer/Dance 2,916.66 26,249.94 35,000.00 2,916.66 26,249.94 Admin Charges LLP 3,500.00 31,500.00 42,000.00 3,500.00 31,500.00 Valic Support 0.00 0.00 3,000.00 0.00 3,000.00 Corporate 0.00 0.00 15,000.00 0.00 0.00 Professional Development 0.00 281,532.50 900,000.00 13,925.50 270,215.50 Teen Mental Health Conference 7,420.00 9,125.00 0.00 4,675.00 5,940.00 Legal Workshops 0.00 0.00 0.00 5,567.00 20,025.00 Summer Institutue 0.00 149,210.00 0.00 2,150.00 162,570.00 Summer Institute Vendors 0.00 48,700.00 0.00 0.00 59,690.00 Assistant Principals' Conference 4,710.00 4,710.00 0.00 5,900.00 6,765.00 Administrative Assistants' Conference 0.00 2,020.50 0.00 0.00 0.00 Mentoring Program 0.00 0.00 4,000.00 0.00 1,800.00 NHS Fall Conference 0.00 0.00 0.00 0.00 180.00 Prior Year 0.00 (343.00) 0.00 (267.50) (1,865.45) Reserve 0.00 0.00 43,564.00 0.00 0.00 Student Activities Budget 0.00 0.00 755,000.00 0.00 0.00 Total 32,055.08 953,862.55 2,254,564.00 49,059.30 962,442.69 Salaries 55,881.28 434,663.49 591,692.00 52,517.07 381,402.53 Payroll 4,915.24 35,661.86 50,000.00 8,020.82 41,547.74 Benefits 2,550.00 94,459.84 165,100.00 7,616.02 94,147.40 Professional Fees 2,327.18 43,092.55 67,772.00 2,045.05 46,782.10 Office Operations Expense 1,196.75 70,239.47 99,100.00 1,446.62 55,793.27 Technology / PD Resources 1,199.76 14,579.76 25,000.00 1,000.00 20,750.00 Leader 690.00 9,012.15 17,000.00 3,674.55 18,472.34 Committee Expense 2,769.33 22,997.38 35,700.00 7,867.42 27,981.80 Mentoring Programs 0.00 0.00 3,000.00 0.00 3,200.00 Association Meetings 18,283.82 153,739.83 450,000.00 20,222.87 162,062.65 Affiliated Associations 408.40 6,601.58 18,500.00 4,892.42 5,534.86 Personnel 0.00 174.36 2,000.00 44.55 246.94 Student Activities/Special Programs 1,245.00 10,911.26 729,700.00 1,180.20 9,441.60 Total 91,466.76 896,133.53 2,254,564.00 110,527.59 867,363.23 Net (59,411.68) 57,729.02 0.00 (61,468.29) 95,079.46 Page 2
Administration Expense Summary Detail Current Period Year to Date Annual Budget Total Salaries 55,881.28 434,663.49 591,692.00 Payroll Payroll Taxes 4,585.30 32,566.42 46,000.00 Payroll Administration 329.94 3,095.44 4,000.00 Total Payroll 4,915.24 35,661.86 50,000.00 Benefits Health Insurance (317.49) 48,088.52 91,000.00 Life Insurance 149.47 1,330.98 1,500.00 Disability 247.19 2,415.31 2,600.00 Workers' Comp 0.00 1,000.00 1,000.00 Retirement 0.00 19,775.06 40,000.00 Pension Plan 2,083.33 18,749.97 25,000.00 Executive Travel 387.50 3,100.00 4,000.00 Total Benefits 2,550.00 94,459.84 165,100.00 Professional Fees Audit 0.00 14,607.00 12,000.00 Student Activities Audit Fees 0.00 10,000.00 10,000.00 Employee Benefits Prof Fees 250.00 3,786.93 18,500.00 Legislative Agent/Filing 1,577.68 14,199.12 17,172.00 Communications / Advocacy 499.50 499.50 6,000.00 Intern 0.00 0.00 4,000.00 Investment Committee 0.00 0.00 100.00 Total Professional Fees 2,327.18 43,092.55 67,772.00 Office Operations Expense Student Activities Insurance 0.00 10,500.00 10,000.00 Insurance 0.00 3,500.00 3,500.00 Equipment Lease/Service Contract 0.00 10,267.00 17,600.00 Membership Printing/Postage 0.00 4,791.35 2,500.00 Office Supplies (2,168.57) (1,162.24) 4,500.00 Rent 3,875.00 34,875.00 46,500.00 Postage and Shipping 232.30 1,603.76 3,000.00 Telephone 12.00 3,088.00 5,000.00 Coffee/Soda/Juice (1,023.00) (1,039.05) 500.00 Misc Office Expense 25.60 1,691.76 3,000.00 Goodwill 110.85 493.41 1,000.00 Bank Fees 132.57 1,630.48 2,000.00 Total Office Operations 1,196.75 70,239.47 99,100.00 Page 3
Administration Expense Summary Detail Current Period Year to Date Annual Budget Technology / PD Resources Technology 1,199.76 14,579.76 25,000.00 Total Technology/ PD Resources 1,199.76 14,579.76 25,000.00 Leader Leader Printing 0.00 7,320.00 15,000.00 Leader Postage/Handling 690.00 1,692.15 2,000.00 Total Leader 690.00 9,012.15 17,000.00 Committee Expense Association Merchandise 0.00 0.00 2,000.00 Board of Directors 1,382.89 9,324.34 12,000.00 Ed Policies Committee 0.00 147.83 500.00 Legislative Committee 90.16 1,554.05 2,000.00 High School Committee 0.00 1,059.00 1,500.00 Non Public School Admin 0.00 114.40 500.00 Vocational Committee 515.90 2,141.92 1,800.00 Ad Hoc Middle/High School Committee 0.00 0.00 500.00 Retired Administrators Committee 0.00 253.62 3,000.00 Assistant Principals Committee 572.08 3,380.62 4,000.00 Student Council Committee 0.00 110.00 0.00 Middle Level Committee 33.00 929.25 1,800.00 Urban Committee 175.30 1,701.64 2,200.00 Middle Level Athletics Committee 0.00 76.06 0.00 Teaching & Learning Committee 0.00 1,403.05 1,400.00 Membership Outreach 0.00 801.60 1,100.00 Science Fair 0.00 0.00 1,100.00 Nobel Prize Series 0.00 0.00 300.00 Total Committee 2,769.33 22,997.38 35,700.00 Mentoring Programs Mentoring Program 0.00 0.00 3,000.00 Total Mentoring Programs 0.00 0.00 3,000.00 Association Meetings Professional Development General 17,976.87 112,007.42 450,000.00 Summer Institute 302.95 40,783.16 0.00 Administrative Assistants Conference 0.00 922.36 0.00 DESE 4.00 26.89 0.00 Total Association Meetings 18,283.82 153,739.83 450,000.00 Page 4
Administration Expense Summary Detail Current Period Year to Date Annual Budget Affiliated Associations Mass Partners 0.00 113.32 500.00 NASSP Principal/AP of Year 59.00 202.00 1,000.00 NASSP Convention Expense / PD 349.40 349.40 9,000.00 NASSP Region 1 / July Lead. 0.00 108.90 2,000.00 Educ Leadership Coalition 0.00 5,827.96 6,000.00 Total Affiliated Associations 408.40 6,601.58 18,500.00 Personnel Personnel Officers 0.00 0.00 500.00 Personnel Staff 0.00 174.36 1,500.00 Total Personnel 0.00 174.36 2,000.00 Student Activites/Special Programs Student Activities Exps 0.00 0.00 707,200.00 Special Programs (NASSP) 0.00 0.00 2,500.00 Special Programs (MIP) 1,245.00 9,711.00 17,000.00 Women in Leadership 0.00 0.00 1,000.00 Education Camp 0.00 1,200.26 2,000.00 Total Student Activities/Special Programs 1,245.00 10,911.26 729,700.00 Total 91,466.76 896,133.53 2,254,564.00 Page 5
Comparative Statement Student Council Current Period Year To Date Current Period Year To Date Student Council Dues 880.00 16,400.00 (1,040.00) 16,080.00 Jr. Student Council Dues 40.00 880.00 0.00 680.00 MASC State Conference 650.00 360,740.00 605.00 375,585.00 MASC Advisor Retreat 0.00 9,040.00 0.00 8,420.00 MASC Officershop 0.00 11,300.00 (100.00) 10,900.00 MASC NASC Conference 7,875.00 98,875.00 2,130.00 96,380.00 MASC Presidents Dinner 0.00 1,800.00 0.00 1,900.00 MASC Summer Leadership Camp 0.00 146,778.75 (97.50) 143,231.50 Total 9,445.00 645,813.75 1,497.50 653,176.50 Student Council Executive Board 44.52 6,349.65 699.82 8,157.31 State Conference 67,968.10 69,855.82 41,423.60 93,673.60 MASC Advisor Retreat 8,893.75 12,255.90 1,191.00 11,669.12 MASC Presidents Dinner 0.00 1,819.55 0.00 1,771.64 Officershop 0.00 7,700.05 0.00 6,876.36 Exec. Directors Conference 0.00 1,589.96 0.00 1,518.12 National Conference 0.00 0.00 0.00 7,550.79 Summer Leadership 0.00 152,476.69 0.00 143,558.29 MASC Administrative Fee 5,000.00 45,000.00 5,000.00 45,000.00 Total Expense 81,906.37 297,047.62 48,314.42 319,775.23 Net (72,461.37) 348,766.13 (46,816.92) 333,401.27 Page 6
Student Council Expense Summary Detail Current Period Year to Date Annual Budget Student Council Exec Bd MASC Exec Board Mileage 0.00 3,243.45 0.00 MASC Exec Board Food 44.52 222.60 0.00 MASC Exec Board Misc Expense 0.00 1,296.38 0.00 MASC Summer Retreat 0.00 1,587.22 0.00 Total Student Council Exec Bd 44.52 6,349.65 0.00 State Conference MASC State Conf Hotel 50,400.50 50,400.50 0.00 MASC State Conf Speakers 7,167.60 8,517.60 0.00 MASC State Conf Materials 0.00 537.72 0.00 MASC State Conf Health & Safety 900.00 900.00 0.00 MASC State Conf Entertainment 9,500.00 9,500.00 0.00 Total State Conference 67,968.10 69,855.82 0.00 MASC Advisor Retreat MASC Advisor Retreat 8,893.75 12,255.90 0.00 Total MASC Advisor Retreat 8,893.75 12,255.90 0.00 President's Dinner MASC Presidents Dinner 0.00 1,819.55 0.00 Total President's Dinner 0.00 1,819.55 0.00 Officershop MASC Officershop Meals 0.00 5,376.25 0.00 MASC Officershop Facilities 0.00 600.00 0.00 MASC Officershop Speaker Fees & Travel 0.00 1,500.00 0.00 MASC Officershop Printing/Mailing/Misc 0.00 223.80 0.00 Total Officershop 0.00 7,700.05 0.00 Executive Director Conf MASC Exec Dir Conf Registration 0.00 500.00 0.00 MASC Exec Dir Conf Airfare 0.00 297.20 0.00 MASC Exec Dir Conf Hotel 0.00 568.76 0.00 MASC Exec Dir Conf Misc Exp 0.00 224.00 0.00 Total Executive Director Conf 0.00 1,589.96 0.00 Summer Leadership Exp MASC Summer Camp Room & Board 0.00 110,818.62 0.00 MASC Summer Camp Staff Stipends 0.00 11,325.00 0.00 MASC Summer Camp Materials 0.00 17,168.71 0.00 MASC Summer Camp Training 0.00 2,220.00 0.00 MASC Summer Camp Activities 0.00 5,444.36 0.00 MASC Summer Camp Directors' Stipends 0.00 5,500.00 0.00 Total Summer Leadership Exp 0.00 152,476.69 0.00 Masc Administrative Fee MASC Administrative Fee 5,000.00 45,000.00 0.00 Total Masc Administrative Fee 5,000.00 45,000.00 0.00 Total 81,906.37 297,047.62 0.00 Page 7
Comparative Statement Cheer Current Period Year To Date Current Period Year To Date Cheer Dues 1,200.00 28,880.00 (1,760.00) 29,680.00 Jr Cheer Dues 240.00 800.00 160.00 760.00 Cheer Scoresheets 70.00 455.00 70.00 415.00 Cheer Gate 36,737.00 90,896.75 34,858.00 97,342.90 Cheer Vendors 1,490.00 2,463.50 815.00 2,005.15 Cheer Judges Clinic 0.00 3,940.00 (190.00) 3,840.00 Total 39,737.00 127,435.25 33,953.00 134,043.05 Cheerleading Committee 0.00 1,910.53 804.75 1,878.45 Cheerleading 0.00 714.00 0.00 714.00 Cheer Tournament 0.00 93.66 0.00 1,309.93 Cheer Admin 2,916.66 26,249.94 2,916.66 26,249.94 Cheer Judges Clinic 0.00 3,521.50 0.00 3,521.65 Cheer Score Sheets 235.15 1,675.55 107.52 1,524.67 Cheer Judges CORI Check 0.00 489.64 0.00 1,312.00 Judges 10,100.00 23,330.00 10,397.50 22,767.50 Tabulators 1,450.00 2,950.00 1,550.00 3,150.00 Medical/Trainers 1,210.00 2,510.00 1,130.00 2,220.00 Music/DJ 3,050.00 5,600.00 2,150.00 4,450.00 Site Manager 1,250.00 2,550.00 1,000.00 2,175.00 Ticket Takers/Sellers 3,480.00 8,160.00 3,360.00 7,620.00 Site Prep 0.00 375.00 0.00 450.00 Timers 1,375.00 2,325.00 1,575.00 2,425.00 Police/Security 330.00 1,692.36 321.82 2,636.22 Custodial 0.00 3,264.00 981.75 3,466.75 Equipment Rental 552.00 1,275.00 267.66 467.66 Trophies/Awards 0.00 3,757.00 3,757.00 7,319.00 Director Fee 2,000.00 5,450.00 3,100.00 6,550.00 Director 1,252.53 1,752.43 0.00 1,322.28 Other Tournament 2,638.77 7,317.88 2,777.44 5,277.33 Registration Table 720.00 1,410.00 750.00 1,320.00 Total Expense 32,560.11 108,373.49 36,947.10 110,127.38 Net 7,176.89 19,061.76 (2,994.10) 23,915.67 Page 8
Comparative Statement Dance Current Period Year To Date Current Period Year To Date Dance Dues 0.00 2,080.00 320.00 2,560.00 Dance Gate 0.00 5,862.00 3,795.00 7,633.00 Total 0.00 7,942.00 4,115.00 10,193.00 Judges 0.00 1,475.00 770.00 1,570.00 Tabulators 0.00 300.00 125.00 250.00 Medical/Trainers 0.00 150.00 150.00 300.00 Music/DJ 0.00 1,100.00 500.00 1,000.00 Site Manager 0.00 250.00 175.00 325.00 Ticket Takers/Sellers 0.00 600.00 240.00 420.00 Timers 0.00 150.00 100.00 175.00 Facility Rental 71.50 71.50 78.00 78.00 Police/Security 168.00 168.00 50.00 50.00 Custodial 494.00 494.00 665.00 665.00 Equipment Rental 0.00 137.00 0.00 0.00 Trophies/Awards 0.00 390.00 390.00 780.00 Director Fee 0.00 300.00 300.00 600.00 Director 0.00 300.00 0.00 0.00 Other Tournament 454.85 1,369.28 447.32 1,730.22 Registration Table 0.00 135.00 45.00 70.00 Total Expense 1,188.35 7,389.78 4,035.32 8,013.22 Net (1,188.35) 552.22 79.68 2,179.78 Page 9
Comparative Statement NHS Current Period Year To Date Current Period Year To Date NHS Dues 880.00 16,240.00 (960.00) 16,080.00 Jr NHS Dues 40.00 640.00 (120.00) 680.00 NHS Fall Conference 0.00 9,130.00 0.00 8,085.00 NHS Spring Conference 2,400.00 3,640.00 6,860.00 7,020.00 NHS Misc 0.00 0.00 0.00 0.00 Total 3,320.00 29,650.00 5,780.00 31,865.00 NHS Committee 870.53 2,187.16 839.65 2,688.07 NHS Fall Conference 0.00 9,290.94 0.00 8,491.56 NHS Administrative Expense 833.33 7,499.97 833.33 7,499.97 NHS Spring Conference 500.00 500.00 1,000.00 1,000.00 NHS Chapter Award 2,500.00 2,500.00 2,500.00 2,500.00 Total Expense 4,703.86 21,978.07 5,172.98 22,179.60 Net (1,383.86) 7,671.93 607.02 9,685.40 Page 10
Comparative Statement ML Ath Current Period Year To Date Current Period Year To Date Middle Level Athletics Dues 40.00 1,000.00 (40.00) 680.00 Total 40.00 1,000.00 (40.00) 680.00 Total Expense 0.00 0.00 0.00 0.00 Net 40.00 1,000.00 (40.00) 680.00 Page 11
Comparative Statement LLP Current Period Year To Date Current Period Year To Date LLP Application Fee 100.00 950.00 250.00 1,400.00 LLP Tuition (2,566.67) 574,868.33 0.00 426,280.00 LLP Credit Card Fees Collected 0.00 360.00 0.00 240.00 Total (2,466.67) 576,178.33 250.00 427,920.00 LLP Teachers 21 0.00 20,000.00 4,800.00 70,700.00 LLP Advertising/Marketing 0.00 2,263.07 0.00 2,184.61 LLP Building Prep & Maintenance 120.00 1,120.00 280.00 880.00 LLP Duplicating 0.00 3,323.04 0.00 4,223.29 LLP Postage & Mailings 7.72 1,797.03 48.08 1,348.97 LLP Refreshments 0.00 2,560.00 0.00 1,485.20 LLP Endicott College Tuition 0.00 120,240.00 36,270.00 83,420.00 LLP Final Exhibition Gifts 0.00 0.00 0.00 596.36 LLP Friday Evening Meals 394.20 3,477.94 344.92 2,959.94 LLP Endicott Friday Meals 0.00 394.20 0.00 0.00 LLP New Cohort Orientation 0.00 0.00 0.00 3,500.00 LLP Classroom Instruction Stipend 9,600.00 70,400.00 0.00 26,400.00 LLP Supervisor Stipend 0.00 0.00 0.00 600.00 LLP Mileage 0.00 0.00 0.00 212.52 LLP Coordinator 2,712.32 21,062.38 2,559.53 20,403.20 LLP Celebrations and Gifts 140.32 3,067.56 0.00 1,538.46 LLP Admin Charge 3,500.00 31,500.00 3,500.00 31,500.00 Total Expense 16,474.56 281,205.22 47,802.53 251,952.55 Net (18,941.23) 294,973.11 (47,552.53) 175,967.45 Page 12