CHSAF FINANCIAL REPORT
by Elisa Miranda-Cua
CHSAF Treasurer
for Fiscal Year March 1 – Dec 31, 2021
At the start of the fiscal year, CHSAF funds had a beginning balance of P4,692,675. Sources of funds came from donations for membership dues from prior years, current year, advance payments, and MBA alumnae totaling P792,283.
Gross receipts of P900,011 were generated from the Pasko ng Pag-ibig at Pag-asa Fund Raising Event from which beneficiaries consisting of 215 families and 60 children from Punta, Sta. Manila received Christmas goodies. P89,500 was generated from Memorabilia books for the Centennial Year and the 75 Years celebration. Generous donations of P184,500 was for the 40th Anniversary celebration of CHSAF and donations for the Calamity fund due to Typhoon Odette was registered at P418,500. Other receipts from the restricted fund amounting to P106,000 were donations for the PBSP project, medical assistance and scholarship. The other receipts from the unrestricted fund amounting to P63,052 were generated from donors for the Simbang Gabi masses and interest income.
For the expenses, cost of General Administration amounted to P446,640 representing salaries, communications, courier fee, taxes and licenses. Cost of projects from the restricted funds amounted to P729,919, the bulk of which was for scholarship amounting to P643,919, PBSP project expense of P63,000 and medical expense of P23,000. Expenses under the unrestricted funds totaled P478,862 and these were used for the raffle expenses, masses, Christmas party for the nuns, homecoming contribution of P50,000, CHSAF 40th anniversary celebration, donation for humidifiers for Poinsettia, donation for CHSM council of leaders and the cost of the campus virtual tour.
This brought the total ending balance to P5,591,100 as of Dec 31, 2021.