FAPA Section Financial Report Form


FAPA sections are required to submit a financial report at the end of each calendar year. No section rebate will be provided unless the section has submitted an acceptable financial report. Provision of supporting documents, such as copies of bank statements, are encouraged. The following format is a sample, which may be modified to more closely reflect a section's activities. This report must be submitted with the Florida Chapter financial records to our accountant. The accountant will evaluate the reports and determine whether any section is required to file an IRS Form 990 for the tax year. This is an essential task for each section, especially given the increased scrutiny of membership organizations by the IRS.

A January to December report following this format should be submitted to the Chapter Treasurer by March 31 of each year for the previous year's finances.

Beginning Cash Balance (January 1, ____) .......................$_______________

Revenues

Section Dues..................................................................$_______________
Section Rebate...............................................................$_______________
Fund Raising (list activities).............................................$_______________
Workshops....................................................................$_______________
Interest...........................................................................$_______________
Miscellaneous (list).........................................................$_______________

Expenses

Functions (list)................................................................$_______________
Advertising.....................................................................$_______________
Bank Fees......................................................................$_______________
Postage..........................................................................$_______________
Miscellaneous (list).........................................................$_______________
Printing...........................................................................$_______________

Ending Cash Balance (December 31, ____) .......................$_______________