pages

 

‘THE OTHER PRESS

Books Okay ,
O.P. Will Stay

 

Don’t be fooled by imita-
tions! The Other Press is
here to stay.

the society between August
82 and’82 and 83. The soci-
ety received $32,191 in

 

| by DAN HILBORN

 

“In keeping with the B.C.
Society’s Act the Other Pub-
‘lications Society, organiza-
tion board for the Douglas
College student newspaper,
has just completed it’s first
financial audit since 1978.
And while the books show a
loss of $4,048 for last year,
business manager Ernest
Hawker asserts the society
is in fine shape.

The audit, compiled by
Yada, Tompkins, Hum-
phries and Company, exam-

gross revenue while expen-
ses equaled $36,275. The
single largest budget item
was wages and commisions,
*totalling $10,794 for the
stwelve month period.

The auditors also
compiled a list of recom-
mendations _which would
make the society’s book-.
keeping easier. The society
paid approximately $1,700
to have the books checked:
out.

Because the audit does
not include revenue gained

through the student levy

tration, the deficit shown in
the records has already been
paid off. As of the date of
the audit the society earned
$13,510 in ‘advertising,
$18,466 in activity fees (the
levy payable during regis-
tration) and $215 in miscel-
laneous fees.

Production expenses, in-
cluding wages, were $24,844
and administrative _ costs
were $11,431. Printing was
the second most expensive
item at $7,046.

A complete financial re-
port will be made to all
Douglas College students
when the society holds, it’s
annual general meeting,

 

THE OTHER PUBLIC
Statement of ince
for the year ende

REVENUE

Advertising (
Activity fees
Miscellaneous

EXPENSES
Production

Printing

Supplies

Wages and commissions
Equipment

Food and beverages

 

 

ined the balance sheet for payable from January régis- March 15. Administration
Bad debts
AUDITOR'S REPORT Conferences and travel
Insurance

Membership fees

Office and miscellaneous
Otherthan review

Prior period adjustment - Note 2
Professional fees

Telephone

 

To the Members
The Other Publications Society

We have examined the balance sheet of The Other Publications Society
as at 31 August 1983 and the statements of income and expenses and
members' deficit for the year then ended. Our examination was made in
accordance with generally accepted auditing standards and accordingly

included such tests and other procedures as we considered necessary in
the circumstance.

TOTAL EXPENSES
NET INCOME/(LOSS) FOR THE YEAR

 

In our opinion these financial statements present fairly the financial
position of the Society as at 31 August 1983 and the results of its
operations for the year then ended in accordance with the accounting
principles referred to in Note 1, applied, except for the change in
the method of accounting for equipment purchases as explained in Note
2, on a basis consistent with that of the preceding year.

THE OTHER PUBLICATION
Balance she

CURRENT ASSETS as at 31 August

Qewnyeine Cash
Accounts receivable
i Fealovrer +@. Prepaid expenses
Approved by the Board (

0 // ae

This report was prepared with soy .

 

Chartered Accountants

Vancouver, B.C. CURRENT LIABILITIES

30 January 1984 Accounts payable

 

the assistance of Ernest Hawker —
Other Publications Society
‘Business Manager

MEMBERS' EQUITY/(DEFICIT)