Financial Report for March

In order to maintain transparency, ICOS will occasionally publish financial reports. The following is for the month of March:

Effective Cash Flow for March 2018
$ –856.34 – Available Funds February 28
– $1675.00 – Rent
– $ 363.34 – Utilities
– $ 22.44 – Fees
– $ 16.93 – Supplies
+ $2385.50 – Contributions
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$ –548.55 – Lack of Funds March 31

Reserve Fund Activity March 2018
$5,000.00 – Starting Balance February 28
– $2,000.00 – Transferred to Al-Huda Islamic Center, Inc.
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$3,000.00 – Ending Balance March 31

Estimated Expenses for April 2018
$ 194.19 – Utilities
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$ 194.19 – Total Expenses

Financial Health Indicator
Magenta – less than $0
Red – will not cover next month
Orange – will cover at least next months
Green – will cover at least next two months

Previous financial reports can be found by clicking here.