Finance

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RAVSTASS Multi-Sport Association Incorporated
ABN 84 391 163 868
BALANCE SHEET

as at 30 Jun

Notes to this Report: 
1. Represents period from 10 April 15 to 30 Jun 15. 10 April was date of Pre-Incorporation General Meeting. 
2. Asset Register is maintained by the Treasurer here.
3. Accounts Payable represents payments to various suppliers which were grouped together as reimbursement. This was necessary in order to pay suppliers on time while waiting-out for dedicated RAVSTASS bank accounts to be opened.
4. In FY14/15 included PayPal transaction fees. PayPal no longer used for gateway.
5. Further expenses were incurred prior to incorporation and paid under direct sponsorship by the founder.
6. Reversible Basketball Singlets, Caps, Polo Shirts and Sleeveless Tops.
7. $385 returned by Kilburn Community Centre in trust on behalf of Southern Kings (Key Deposit $55, Bond $330). $175 awaiting invoice from EHBA. 
8. Deficit comparable to the website annual renewal fee ($410.06), and first reporting period in which no donation from founder was made to cover this expense. Disregarding this, all other activities ran near break-even.  
9. $385 held in Trust for Southern Kings was reduced by $200 due to forfeit fines paid on 4Mar19. Remaining balance as at EOFY19 $185. Further expense of $360 incurred, which was paid on 30Jan20 for cancelled training sessions that were late advised. Nil funds held in trust as at EOFY20. 
10. Stock as at EOFY19: 1xCap $35, 16x Socks $240, 2x Polo Shirts-Poly $110, 7x Polo Shirts-Mesh $175).
11. Stock reduced by payment of $136.65 on 9Jul19. 

Coding Transactions 
To be able to run separate Income Statements to internally manage, track and budget separate sports and activities, the following coding of transactions needs to be applied to banking transactions and online transactions. This is to be managed by the Committee and guidance provided where delegated to other managers to effect transactions. This will enable performance reporting at macro level of each division and micro level of each sport/activity. 

Coding of transactions is made up of eight (8) characters, including six (6) digits. For example....
RS080102 = Basketball Teams 
RS010011 = Sponsorship for all Sports in River Division 
RS060131 = Golf specific Grant 

Prefix  CodeID	Digit 1&2  Divisional	Digit 3&4  Sport/Activity	Digit 5&6  Reason
RS	00 = HQ	00 = HQ 01 = President  02 = Vice-President  03 = Secretary  04 = Treasurer  80 = HDWD MoU  90 = RAVSTASS Brand	01 = Core  02 = Teams  03 = Events  11 = Sponsor [Name]  21 = Donor - rebel Community Givebacks 31 = Grant [Name]  51 = Consignment Hire [Name]
RS	01 = River	00 = All Sports 01 = Kayaking	01 = Core   02 = Teams  03 = Events  11 = Sponsor [Name] 21 = Donor [Name] 31 = Grant [Name]  51 = Consignment Hire [Name]
RS	02 = Air	00 = All Sports	01 = Core   02 = Teams  03 = Events  11 = Sponsor [Name] 21 = Donor [Name] 31 = Grant [Name]  51 = Consignment Hire [Name]
RS	03 = Valley	00 = All Sports  01 = Slackilining  02 = Rockclimbing  03 = Hiking	01 = Core   02 = Teams  03 = Events  11 = Sponsor [Name] 21 = Donor [Name] 31 = Grant [Name]  51 = Consignment Hire [Name]
RS	04 = Sea	00 = All Sports 01 = Surfing  02 = Scuba	01 = Core   02 = Teams  03 = Events  11 = Sponsor [Name] 21 = Donor [Name] 31 = Grant [Name]  51 = Consignment Hire [Name]
RS	05 = Track	00 = All Sports  01 = Motorcycling  02 = Go Karting	01 = Core   02 = Teams  03 = Events  11 = Sponsor [Name] 21 = Donor [Name] 31 = Grant [Name]  51 = Consignment Hire [Name]
RS	06 = Aim	00 = All Sports 01 = Golf  02 = Archery	01 = Core   02 = Teams  03 = Events  11 = Sponsor [Name] 21 = Donor [Name] 31 = Grant [Name]  51 = Consignment Hire [Name]
RS	07 = Snow	00 = All Sports	01 = Core   02 = Teams  03 = Events  11 = Sponsor [Name] 21 = Donor [Name] 31 = Grant [Name]  51 = Consignment Hire [Name]
RS	08 = Stadium	00 = All Sports 01 = Basketball  02 = Netball	01 = Core   02 = Teams  03 = Events  11 = Sponsor [Name] 21 = Donor [Name] 31 = Grant [Name]  51 = Consignment Hire [Name]