CONTROLLER

1
CONTROLLERS RETREAT

• Spring Haven
• September 14, 2005

2
CONTROLLERS RETREAT

• Controller
• vs
• Comptroller

3
CONTROLLERS RETREAT

• Controller
• A person who checks expenditures, finances, etc.
  of a business firm

• Comptroller
• A royal household official who examines and
  supervises expenditures.
• Websters Ninth New Collegiate Dictionary

4
Center For Business Relations
Account Name Total Fund 72 Fund 19 Fund 15 Fund 23/53 Fund 11 (Budget) Fund 28 (Budget)
Cash
Receivable
Prepaid
Equipment
Deferred Gift
Other Assets

Payable
Deferred Rev


Net Assets

Gift Revenue


Admin Wages 60,000
Std Wages 30,000
Supplies 10,000
Non-Cap Eq
5
Center For Business Relations
Account Name Total Fund 72 Fund 19 Fund 15 Fund 23/53 Fund 11 (Budget) Fund 28 (Budget)
Cash
Receivable
Prepaid
Equipment 6,500
Deferred Gift
Other Assets

Payable (1,500)
Deferred Rev


Net Assets

Gift Revenue (6,500)


Admin Wages 60,000
Std Wages 30,000
Supplies 10,000
Non-Cap Eq 1,500
6
Center For Business Relations
Account Name Total Fund 72 Fund 19 Fund 15 Fund 23/53 Fund 11 (Budget) Fund 28 (Budget)
Cash (1,000)
Receivable 5,000
Prepaid 1,000
Equipment 6,500
Deferred Gift
Other Assets

Payable (1,500)
Deferred Rev (5,000)


Net Assets

Gift Revenue (6,500)


Admin Wages 60,000
Std Wages 30,000
Supplies 10,000
Non-Cap Eq 1,500
7
Center For Business Relations
Account Name Total Fund 72 Fund 19 Fund 15 Fund 23/53 Fund 11 (Budget) Fund 28 (Budget)
Cash (1,000)
Receivable 5,000
Prepaid 1,000
Equipment 6,500
Deferred Gift 50,000
Other Assets

Payable (1,500)
Deferred Rev (5,000)


Net Assets

Gift Revenue (6,500)
(50,000)

Admin Wages 60,000
Std Wages 30,000
Supplies 10,000
Non-Cap Eq 1,500
8
Center For Business Relations

• In 2005 the Center receives a properly executed
  copy of the will of Sarah Jones showing that it
  will receive a 25,000 cash bequest upon Sarahs
  death. Sarah dies in November, 2006. The will
  is validated by a court in 2007. The Center
  actually receives the money in January, 2008.

9
Center For Business Relations
Account Name Total Fund 72 Fund 19 Fund 15 Fund 23/53 Fund 11 (Budget) Fund 28 (Budget)
Cash (1,000)
Receivable 150,000 5,000
Prepaid 1,000
Equipment 6,500
Deferred Gift 50,000
Other Assets

Payable (1,500)
Deferred Rev (5,000)


Net Assets

Gift Revenue (150,000) (6,500)
(50,000)

Admin Wages 60,000
Std Wages 30,000
Supplies 10,000
Non-Cap Eq 1,500
10
Center For Business Relations
Account Name Total Fund 72 Fund 19 Fund 15 Fund 23/53 Fund 11 (Budget) Fund 28 (Budget)
Cash (1,000)
Receivable 150,000 5,000
Prepaid 1,000
Equipment 6,500
Deferred Gift 50,000
Other Assets

Payable (1,500)
Deferred Rev (5,000)


Net Assets

Gift Revenue (150,000) (6,500)
(50,000)

Admin Wages 60,000
Std Wages 30,000 25,000
Supplies 10,000 50,000
Non-Cap Eq 1,500
11
Center For Business Relations
Account Name Total Fund 72 Fund 19 Fund 15 Fund 23/53 Fund 11 (Budget) Fund 28 (Budget)
Cash 20,000 (1,000)
Receivable 150,000 5,000
Prepaid 1,000
Equipment 6,500
Deferred Gift 50,000
Other Assets

Payable (1,000) (1,500)
Deferred Rev (5,000)


Net Assets (20,000)

Gift Revenue (150,000) (6,500)
(50,000)

Admin Wages 60,000
Std Wages 30,000 25,000
Supplies 10,000 50,000
Non-Cap Eq 1,500
12
Center For Business Relations
Account Name Total Fund 72 Fund 19 Fund 15 Fund 23/53 Fund 11 (Budget) Fund 28 (Budget)
Cash 20,000 (1,000)
Receivable 150,000 5,000
Prepaid 1,000
Equipment 6,500
Deferred Gift 50,000
Other Assets 15,000

Payable (1,500)
Deferred Rev (5,000)


Net Assets (20,000)

Gift Revenue (150,000) (6,500)
(50,000)
(15,000)
Admin Wages 60,000
Std Wages 30,000 25,000
Supplies 10,000 50,000
Non-Cap Eq 1,500
13
Center For Business Relations
Account Name Total Fund 72 Fund 19 Fund 15 Fund 23/53 Fund 11 (Budget) Fund 28 (Budget)
Cash 19,000 20,000 (1,000)
Receivable 155,000 150,000 5,000
Prepaid 1,000 1,000
Equipment 6,500 6,500
Deferred Gift 50,000 50,000
Other Assets 15,000 15,000

Payable (1,500) (1,500)
Deferred Rev (5,000) (5,000)


Net Assets (20,000) (20,000)

Gift Revenue (156,500) (150,000) (6,500)
(50,000) (50,000)
(15,000) (15,000)
Admin Wages 60,000
Std Wages 30,000 25,000
Supplies 10,000 50,000
Non-Cap Eq 1,500 1,500
14
Center For Business Relations
Account Name Total Fund 72 Fund 19 Fund 15 Fund 23/53 Fund 11 (Budget) Fund 28 (Budget)
Cash
Receivable
Prepaid
Equipment
Deferred Gift
Other Assets

Payable
Deferred Rev


Net Assets

Gift Revenue


Admin Wages
Std Wages
Supplies
Non-Cap Eq