Namaste Nepal Community Association
Statement of Income and Expenditure
Period Ending June 30, 2006
(January 1st to June 30th)
INCOME:
Commercial	7,278.00
Board Membership Dues	650.00
General Membership Dues	1,110.00
New year greetings	600.00
Donation	400.00
Miscellaneous  Income	119.89
Total Income		10,157.89
EXPENDITURE:
Set Up Cost	255.00
Air time Fees	8,346.00
Transportation expenses	1,740.72
Communication expenses	551.60
Supplies expenses	402.91
Malton Community Ctr.Exp.	108.00
Prize & Awards	93.12
Copy & Printings	425.50
Bank Charges	110.00
Total Expenditure		12,032.85
Excess Expenditure over Income		(1,874.96)
Notes:
* Some expenses are to be verified the receipts
* Average loss in operation is 312.00 per month
* Bank Charge has gone down to $3.50 from $15.00
* Membership fees are due once a year
* set up cost and printing expenses are not likely to be repeated