The Expense Reports section provides detailed financial summaries showcasing how GMTS utilizes its funds. These reports promote transparency and accountability by offering members insights into annual budgets, event-specific expenses, and organizational spending.
| Income & Expense Statement for the year ending 31st December 2015 | ||||
| Income | Amount | Expenses | Amount | |
| Opening Balance as of 01/01/2015 | $ 5,441.70 | Rentals for Auditoriums & Parks | $ 2,040.00 | |
| Ticket Sales Income | $ 3,943.00 | Event Food expenses | $ 8,736.31 | |
| Membership Fees Income | $ 5,035.00 | Community Recognition Awards | $ 209.24 | |
| Sponsorship Income | $ 6,073.00 | *Website Maintenance Fees | $ 445.00 | |
| Raffel Income | $ 287.00 | Paypal Fees paid | $ 406.63 | |
| Chennai Flood Relief Donations | $ 25,549.34 | Raffel Expenses | $ 48.00 | |
| Interest income from US Bank checking account | $ 2.53 | Entertainment Expenses | $ 1,900.00 | |
| Miscellaneous Income | $ 130.00 | Non Profit Filling Fees | $ 10.00 | |
| Chennai Flood Relief Disbursement | $ 18,000.00 | |||
| Printing & Stationery expenses | $ 59.62 | |||
| Total Income for 2015 | $ 46,461.57 | Total Expenses for 2015 | $ 31,854.80 | |
| Net Income/Closing Balance (as of 12/31/2015) | $ 14,606.77 | |||
| Break up of closing balance for 2015 | ||||
| Balance in US Bank Account | $ 14,081.43 | |||
| Cash on hand | $ 301.00 | |||
| Balance in Paypal | $ 224.34 | |||
| Total available fund as of 12/31/2015 | $ 14,606.77 | |||
| *Prepaid till August 2016 | ||||
| Reviewed and approved | ||||
| Satish Venugopalan Saravanan Sadhasivam | Gopinath Dhakshinmurthy | Raghunathan Rajagopalan | ||
| President Secretary | Vice President | Treasurer | ||
| Date : 12/31/2015 |
| Income & Expense Statement for the year ending 31st December 2014 | |||
| Income | Amount | Expense | Amount |
| Opening Balance as of 01/01/2014 | $ 4,149.97 | Rentals for Auditoriums & Parks | $ 1,348.75 |
| Ticket Sales Revenue | $ 3,945.00 | Event Food expenses | $ 4,547.93 |
| Membership Fees Revenue | $ 3,325.00 | Community Recognition Awards | $ 373.10 |
| Sponsorship | $ 2,450.00 | Emergency Fund expenses | $ 2,177.64 |
| Donations | $ 56.00 | Paypal Fees paid | $ 115.97 |
| Emergency Fund Contributions | $ 1,001.00 | Miscellaneous Expenses | $ 991.26 |
| Interest income from US Bank checking account | $ 1.38 | Event Ticket fee write off | $ 32.00 |
| Total Income for 2014 | $15,028.35 | Total Expense for 2014 | $ 9,586.65 |
| Net Income (as of 12/31/2014) | $ 5,441.70 | ||
| Break up of closing balance cash for 2014 | |||
| US Bank Account | $ 5,240.05 | ||
| Cash on hand | $ 81.00 | ||
| Balance in Paypal | $ 120.65 | ||
| Total available fund as of 12/31/2014 | $ 5,441.70 | ||
| Reviewed and approved | |||
| Raghunathan Rajagopalan | |||
| Satish Venugopalan Gopinath Dhakshinamurthy | Saravanan Sadhasivam | ||
| President Vice-President | Secreatary | Treasurer | |
| Date : 12/31/2014 |