FEDERAL GOVERNMENT COLLEGE OTOBI OLD STUDENT ASSOCIATION

STATEMENT OF INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD ENDED 31ST DECEMBER, 2019

NOTE 2019

INCOME

Fees and subscriptions 1 167,800

Other sources -

167,800

Expenditure
Operational expenditure 2 (92,000)
(Deficit)/surplus for the year 75,800
 NOTES OF THE ACCOUNT
FOR THE PERIOD ENDED 31ST DECEMBER, 2019
2019
N

1 Income
Donation
Dues
Set 2002 49,900
Set 2003 32,600
Set 2004 6,700
Set 2005 18,600
Set 2006
Dues paid to Treasurer 60,000
167,800

2 Administrative Expenses
CAC Registration 80,000
Exp towards 2019 speech and price 12,000
Bank Charges/Interest
92,000

3 Retained Earnings
Balance Brought Forward 103,300
Profit/(Loss) for the year 75,800
Balance Carried Forward 179,100
 FEDERAL GOVERNMENT COLLEGE OTOBI OLD STUDENT ASSOCIATION
STATEMENT OF INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31ST DECEMBER, 2020

NOTE 2020 2019

N N

INCOME

Fees and subscriptions 1 167,800

Other sources - -

- 167,800

Expenditure
Operational expenditure 2 (16,800) (92,000)
(Deficit)/surplus for the year (16,800) 75,800
 NOTES OF THE ACCOUNT
FOR THE PERIOD ENDED 31ST DECEMBER, 2020
2020 2019
N N

1 Income
Donation
Dues
Set 2002 49,900
Set 2003 32,600
Set 2004 6,700
Set 2005 18,600
Set 2006
Dues paid to Treasurer 60,000
- 167,800

2 Administrative Expenses
CAC Registration 80,000
Exp towards 2019 speech and price 12,000
Zoom Meeting Graphic Design 2,000
Zoom Coordinator 5,000
Postage & Courier 2,000
Call & Data Card 2,800
Transportation 5,000
Bank Charges/Interest
16,800 92,000

3 Retained Earnings
Balance Brought Forward 179,100 103,300
Profit/(Loss) for the year (16,800) 75,800
Balance Carried Forward 162,300 179,100
 FEDERAL GOVERNMENT COLLEGE OTOBI OLD STUDENT ASSOCIATION
STATEMENT OF INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31ST DECEMBER, 2021

NOTE 2021 2020

N N

INCOME

Fees and subscriptions -

Other sources 1 1,133,500

1,133,500

Expenditure
Operational expenditure 2 (4,929) (16,800)
Burial expenses 2a (318,000)
Speech & price expenses 2b (433,000)
FEGCOOSA Abuja picnic (50,000)

(805,929) (16,800)
(Deficit)/surplus for the year 327,571 (16,800)
 NOTES OF THE ACCOUNTS
FOR THE PERIOD ENDED 31ST DECEMBER, 2021
2021 2020
N N
1 Income
a. Dues -
b. Donations (Towards the Late Principal's buri
Set 2002 128,000
Set 2003 170,000
Set 2004 104,500
Set 2005 198,000
Set 2006 80,000
Set 2008 18,000
Set 2009 10,000
708,500 -
Donations ( Towards 2021 speech & price
c giving day)
Omoha Adoka 5,000
Ogaga Joseph 45,000
Ogoh Lawrence 20,000
Grace 5,000
Bonaleo foundation 300,000
Abiche Adole 35,000
375,000

d Contribution towards Abuja picnic 50,000

2 Administrative Expenses
Zoom Meeting Graphic Design 2,000
Zoom Coordinator 5,000
Postage & Courier 2,000
Call & Data Card 2,800
Transportation 5,000
Bank charges 4,929
b. Burial expenditure
Hiring of bus to Oju 24,000
Banner & radio announcement 5,000
Jotters & banners 229,000
Cash donation to the decesed family 50,000
5,000
Transportation for VP to & from (Oju)
1,000
Burial commitment given to VP 4,000
Call & Data Card
318,000
c. Expenditure for speech and price
 NOTES OT THE ACCOUNTS
FOR THE PERIOD ENDED 31ST DECEMBER, 2021
Award for the Principal 10,000
Award for Mr. Jerry Oko 25,000
Alumini Award to 3 students 30,000
Omoha Adoka's Award 5,000
Ogaga Joseph's Award 45,000
Abiche Adole's award 35,000
Ogoh Lawrence's award 20,000
Ajonye Grace's award 5,000
Laptop for best student 173,000
Infinix phone for 2nd best student 45,000
Cash price for 3rd best student 10,000
Call and data card 10,000
Transportation and other running cost 20,000
433,000

d Donations for FEGCOOSA Abuja branch 50,000

picnic
805,929 16,800

3 Retained Earnings
Balance Brought Forward 162,300 179,100
Profit/(Loss) for the year 327,571 (16,800)
Balance Carried Forward 489,871 162,300
 FEDERAL GOVERNMENT COLLEGE OTOBI OLD STUDENT ASSOCIATION
STATEMENT OF INCOME AND EXPENDITURE ACCOUNT
AS AT JUNE, 30th 2022

NOTE 2022

INCOME

Fees and subscriptions -

Other sources 1 508,000

508,000

Expenditure
Operational expenditure 2 (859)
Burial expenses 2a (20,000)
Speech & price expenses 2b
Payment toJoseph Ochi 2c (508,000)

(528,859)
(Deficit)/surplus for the period (20,859)
 NOTES OF THE ACCOUNTS
FOR THE PERIOD ENDED 30TH JUNE, 2022
2022
N
1 Income
a Dues -
b Other sources_Support to Joseph Ochi
Set 2002 213,000
Set 2003 26,000
Set 2004 120,000
Set 2005 139,000
Agbo Ito Emmanuel 10,000

508,000
2 Administrative Expenses
Bank charges 859
Total Administrative Expenses 859
a. Burial expenditure
Burial expenses IRO Mrs Ejikeme 20,000
Total Burial Expenses 20,000

b. Expenditure for speech and price

-
c. Payment to Joseph Ochi 508,000

508,859

3 Retained Earnings
Balance Brought Forward 489,871
Profit/(Loss) for the year (20,859)
Balance Carried Forward 469,012