Namaste Nepal Community Association
Balance Sheet
As of June 30, 2006
Assests:
Cash-In-Bank	727.37
Accounts Receivable-Board Member	150.00
Receivable	398.00
Total Assests		1275.37
Liabilities:
Accounts Payable	55.00
Loan Payable	269.18
Visa Payble	550.15
Total Liabilities		874.33
Surplus Funds:
Beginnig  Balance	2276.00
Operating loss for the period	(1874.96)
Ending Balance		401.04
Total Liabilities & Funds		1275.37
NOTES:
*Transactions are recorded on accrual base double-entry bookkeeping system and not audited yet.
*Namaste Radio has been using Yashaswi Entertainment's Visa Card  to make purchase.
*Total monthly revenue need to be increased  to $2000.00 from $1692.00 to cover the cost
*Commercial revenue is identified as a major source of income.
* Revenue from last year's film festival has covered the operating shortfalls for the past six months