Seward Neighborhood Group

Other Financial Information

May 31, 2010

12/31/2007 12/31/08 12/31/09 05/31/10 Shows

Current Assets 25,187 53,476 50,877 36,151
Current Liabilities 224,715 76,445 55,604 46,641

Cash 10,771 38,956 29,795 25,393

Annual expenses (see note) 242,075 141,435 171,877 171,877

Current Ratio Ability to meet short term obligations. Goal =

11.2% 70.0% 91.5% 77.5%
(Current Assets divided by Current Liabilities) 1.5

Number of days cash on hand

(Cash divided by average expenses per day. 2009 16.20 100.50 63.30 53.90 Ability to fund programmatic obligations.
and 2010 are both computed using 2009 expenses)

Note:
In 2007, 2008 and 2009, actual expenses were used.
In 2010, used 2009 expenses as an estimate for 2010.

36322037.xls
Seward Neighborhood Group 10:54 AM

Statement of Financial Position 06/16/2010

As of May 31, 2010 Accrual Basis
May 31, 10
ASSETS
Current Assets
Checking/Savings
10000 · Checking - Associated Bank 25,393.17
Total Checking/Savings 25,393.17

Accounts Receivable
11000 · Account Receivable 10,007.91
Total Accounts Receivable 10,007.91

Other Current Assets

10001 · Checking - St. Basil Account 60.00
13000 · Prepaid Expenses 690.06
Total Other Current Assets 750.06

Total Current Assets 36,151.14

Fixed Assets
15000 · Fixed Assets - Net 123,400.07
Total Fixed Assets 123,400.07

TOTAL ASSETS 159,551.21

LIABILITIES & EQUITY

Liabilities
Current Liabilities
Accounts Payable
20050 · Accounts Payable 6,107.61
Total Accounts Payable 6,107.61

Other Current Liabilities

20001 · Line of Credit 28,710.22
20100 · Accrued Expenses -1,710.80
26000 · Temp Restricted Net Assets 13,533.89
Total Other Current Liabilities 40,533.31

Total Current Liabilities 46,640.92

Long Term Liabilities

28100 · Housing Advance - NRP 90,046.40
28200 · Long Term Debt 180,000.00
Total Long Term Liabilities 270,046.40

Total Liabilities 316,687.32

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 May 31, 10

Equity
31000 · BOY - Unrestricted Net Assets -151,666.34
Unrestricted Net Income / (Loss) -5,469.77
Total Equity -157,136.11

TOTAL LIABILITIES & EQUITY 159,551.21

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 Seward Neighborhood Group

Seward Neighborhood Group 10:55 AM

Unrestricted and Earned Revenue and Expense 06/16/2010

January through May 2010 Accrual Basis

Garage Sale Total Restorative Total Special

Total * GENERAL (* SNG Projects) CURA Total NRP II Justice Seward Towers Projects TOTAL
Ordinary Income/Expense
Income
41000 · Unrestricted Support 1,512.25 1,210.00 0.00 0.00 315.00 0.00 460.00 3,497.25
42000 · Restrictions Met - Earned 0.00 0.00 121.43 0.00 9,510.58 0.00 537.26 10,169.27
43000 · Gov't and Contract Rev - Earned 6,400.58 0.00 0.00 2,705.39 2,808.84 18,000.00 0.00 29,914.81
47000 · Rental Income 12,583.39 0.00 0.00 0.00 0.00 0.00 0.00 12,583.39
Total Income 20,496.22 1,210.00 121.43 2,705.39 12,634.42 18,000.00 997.26 56,164.72

Expense
60000 · Wages, Payroll Taxes & Benefits 8,000.14 0.00 107.39 796.61 10,564.37 17,203.76 0.00 36,672.27
60100 · Contract and Other Services 0.00 0.00 0.00 800.00 1,000.00 0.00 0.00 1,800.00
61000 · Other Operating Expenses 370.89 329.44 0.00 0.00 334.74 147.49 210.11 1,392.67
61900 · Payroll, Bank/Other Fees 312.65 0.86 0.00 0.00 243.59 236.35 0.00 793.45
65800 · Equip and Repairs & Maint 22.47 0.00 0.00 108.78 0.00 0.00 0.00 131.25
65900 · Special Project Exp 0.00 0.00 0.00 0.00 50.00 0.00 0.00 50.00
65950 · Miscellaneous Exp -640.12 0.00 14.04 1,000.00 -233.28 0.00 484.36 625.00
67000 · Facilities and Utilities Exp 16,677.65 0.00 0.00 0.00 675.00 675.00 0.00 18,027.65
68980 · Interest expense 2,142.20 0.00 0.00 0.00 0.00 0.00 0.00 2,142.20
Total Expense 26,885.88 330.30 121.43 2,705.39 12,634.42 18,262.60 694.47 61,634.49

Net Ordinary Income -6,389.66 879.70 0.00 0.00 0.00 -262.60 302.79 -5,469.77

Net Income -6,389.66 879.70 0.00 0.00 0.00 -262.60 302.79 -5,469.77

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Seward Neighborhood Group
General Other Budget vs. Actual
January through May 2010
CDBG Fundraising - SN
(* GENERAL) (* GENERAL)
Jan - May 10 Budget $ Over Budget Jan - May 10
Ordinary Income/Expense
Income
41000 · Unrestricted Support 0.00 350.00
43000 · Gov't and Contract Rev - Earned 5,440.33 7,500.00 (2,059.67) 0.00
47000 · Rental Income 0.00 0.00
Total Income 5,440.33 7,500.00 (2,059.67) 350.00

Expense
60000 · Wages, Payroll Taxes & Benefits 2,519.38 2,952.06 (432.68) 712.70
61000 · Other Operating Expenses 0.00 406.25 (406.25) 59.04
61900 · Payroll, Bank/Other Fees 21.01 125.00 (103.99) 0.00
65800 · Equip and Repairs & Maint 0.00 0.00
65950 · Miscellaneous Exp 0.00 0.00
67000 · Facilities and Utilities Exp 2,899.94 4,016.69 (1,116.75) 199.95
68980 · Interest expense 0.00 0.00
Total Expense 5,440.33 7,500.00 (2,059.67) 971.69

Net Ordinary Income 0.00 0.00 0.00 (621.69)

Net Income 0.00 0.00 0.00 (621.69)

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Seward Neighborhood Group
General Other Budget vs. Actual
January through May 2010
Fundraising - SNG * GENERAL - Other
(* GENERAL) (* GENERAL)
Budget $ Over Budget Jan - May 10 Budget
Ordinary Income/Expense
Income
41000 · Unrestricted Support 1,162.25 3,125.00
43000 · Gov't and Contract Rev - Earned 960.25
47000 · Rental Income 12,583.39 12,916.62
Total Income 14,705.89 16,041.62

Expense
60000 · Wages, Payroll Taxes & Benefits 1,250.00 (537.30) 4,768.06 4,670.88
61000 · Other Operating Expenses 311.85 489.56
61900 · Payroll, Bank/Other Fees 291.64 166.69
65800 · Equip and Repairs & Maint 22.47 104.19
65950 · Miscellaneous Exp (640.12) (595.00)
67000 · Facilities and Utilities Exp 600.00 (400.05) 13,577.76 13,029.19
68980 · Interest expense 2,142.20 1,666.69
Total Expense 1,850.00 (878.31) 20,473.86 19,532.20

Net Ordinary Income (1,850.00) 1,228.31 (5,767.97) (3,490.58)

Net Income (1,850.00) 1,228.31 (5,767.97) (3,490.58)

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Seward Neighborhood Group
General Other Budget vs. Actual
January through May 2010
* GENERAL - Other
(* GENERAL) Total * GENERAL
$ Over Budget Jan - May 10 Budget
Ordinary Income/Expense
Income
41000 · Unrestricted Support (1,962.75) 1,512.25 3,125.00
43000 · Gov't and Contract Rev - Earned 6,400.58 7,500.00
47000 · Rental Income (333.23) 12,583.39 12,916.62
Total Income (1,335.73) 20,496.22 23,541.62

Expense
60000 · Wages, Payroll Taxes & Benefits 97.18 8,000.14 8,872.94
61000 · Other Operating Expenses (177.71) 370.89 895.81
61900 · Payroll, Bank/Other Fees 124.95 312.65 291.69
65800 · Equip and Repairs & Maint (81.72) 22.47 104.19
65950 · Miscellaneous Exp (45.12) (640.12) (595.00)
67000 · Facilities and Utilities Exp 548.57 16,677.65 17,645.88
68980 · Interest expense 475.51 2,142.20 1,666.69
Total Expense 941.66 26,885.88 28,882.20

Net Ordinary Income (2,277.39) (6,389.66) (5,340.58)

Net Income (2,277.39) (6,389.66) (5,340.58)

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Seward Neighborhood Group
General Other Budget vs. Actual
January through May 2010

Total * GENERAL TOTAL

$ Over Budget Jan - May 10 Budget
Ordinary Income/Expense
Income
41000 · Unrestricted Support (1,612.75) 1,512.25 3,125.00
43000 · Gov't and Contract Rev - Earned (1,099.42) 6,400.58 7,500.00
47000 · Rental Income (333.23) 12,583.39 12,916.62
Total Income (3,045.40) 20,496.22 23,541.62

Expense
60000 · Wages, Payroll Taxes & Benefits (872.80) 8,000.14 8,872.94
61000 · Other Operating Expenses (524.92) 370.89 895.81
61900 · Payroll, Bank/Other Fees 20.96 312.65 291.69
65800 · Equip and Repairs & Maint (81.72) 22.47 104.19
65950 · Miscellaneous Exp (45.12) (640.12) (595.00)
67000 · Facilities and Utilities Exp (968.23) 16,677.65 17,645.88
68980 · Interest expense 475.51 2,142.20 1,666.69
Total Expense (1,996.32) 26,885.88 28,882.20

Net Ordinary Income (1,049.08) (6,389.66) (5,340.58)

Net Income (1,049.08) (6,389.66) (5,340.58)

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Seward Neighborhood Group 10:55 AM

General Other Budget vs. Actual 06/16/2010

January through May 2010 Accrual Basis

TOTAL
$ Over Budget
Ordinary Income/Expense
Income
41000 · Unrestricted Support (1,612.75)
43000 · Gov't and Contract Rev - Earned (1,099.42)
47000 · Rental Income (333.23)
Total Income (3,045.40)

Expense
60000 · Wages, Payroll Taxes & Benefits (872.80)
61000 · Other Operating Expenses (524.92)
61900 · Payroll, Bank/Other Fees 20.96
65800 · Equip and Repairs & Maint (81.72)
65950 · Miscellaneous Exp (45.12)
67000 · Facilities and Utilities Exp (968.23)
68980 · Interest expense 475.51
Total Expense (1,996.32)

Net Ordinary Income (1,049.08)

Net Income (1,049.08)

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Seward Neighborhood Group 10:55 AM

Increase/(Decrease) In Temporarily Restricted Net Assets 06/16/2010

January through May 2010 Accrual Basis
Community Garden Sewing Circle
CURA Total Restorative Justice (Special Projects) (Special Projects) TOTAL
Other Income/Expense
Other Income
70000 · Restricted Contrib - Unearned 0.00 3,526.44 0.00 30.00 3,556.44
Total Other Income 0.00 3,526.44 0.00 30.00 3,556.44

Other Expense
73000 · Restrictions Met - Reclassify 121.43 9,510.58 52.90 484.36 10,169.27
Total Other Expense 121.43 9,510.58 52.90 484.36 10,169.27

Net Other Income -121.43 -5,984.14 -52.90 -454.36 -6,612.83

Net Income -121.43 -5,984.14 -52.90 -454.36 -6,612.83

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Seward Neighborhood Group 10:55 AM

Accounts Receivable Summary 06/16/2010

As of May 31, 2010
Current 1 - 31 32 - 62 63 - 90 > 90 TOTAL
CDBG 1,237.43 1,257.65 945.25 0.00 0.00 3,440.33
Citizens for Election Integrity in MN 0.00 3.22 0.00 0.00 0.00 3.22
Common Cause 0.00 20.28 31.90 0.00 206.79 258.97
NRP II 1,905.39 0.00 0.00 0.00 800.00 2,705.39
Seward Towers East 1,800.00 0.00 0.00 0.00 0.00 1,800.00
Seward Towers West 1,800.00 0.00 0.00 0.00 0.00 1,800.00
TOTAL 6,742.82 1,281.15 977.15 0.00 1,006.79 10,007.91

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Seward Neighborhood Group 10:56 AM

Accounts Payable Summary 06/16/2010

As of May 31, 2010
Current 1 - 30 31 - 60 61 - 90 > 90 TOTAL
State of MN (unemployment) 6,155.61 0.00 -48.00 0.00 0.00 6,107.61
TOTAL 6,155.61 0.00 -48.00 0.00 0.00 6,107.61

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