Bounce Fitness Bounce Fitness 17B Evergreen Avenue 17B Evergreen Avenue Cairns 4870 Cairns 4870 Operating Statement Operating Statement August 2021 September 2021 Budgeted Budgeted Income Income Membership Fees $17,523.64 Membership Fees $18,403.63 Clothing Sales $540.91 Clothing Sales $395.45 10 Session cards $4,218.18 10 Session cards $9,227.28 Casual attendance fees $776.36 Casual attendance fees $534.55 PT sessions $14,018.18 PT sessions $19,607.27 Hi Protein Shakes $500.00 Hi Protein Shakes $950.00 Hi Protein Snacks $450.00 Hi Protein Snacks $675.00 Promotion 12W Fitness Challenge $12,409.10 Total Income $49,793.18 Total Income $50,436.37 Cost of Sales Cost of Sales Cost of Sales - Clothing $1,136.36 Hi Protein brand items $3,019.96 Gross Profit $50,436.37 Total Cost of Sales $4, 156.32 Expenses Gross Profit $45,636.86 General & Administrative Exp Phone and Internet $113.64 Expenses Total General & Administrative Exp $113.64 General & Administrative Exp Advertising $5,318.19 Phone and Internet $113.64 Operating Expenses Total General & Administrative $113.64 Lease of Gym Machines $23,000.00 Operating Expenses Professional Fees $86.36 Lease of Gym Machines $23,000.00 Supplies for members $23.00 Professional Fees $86.36 Total Operating Expenses $23,109.36 Supplies for members $23.00 Employment Expenses Total Operating Expenses $23, 109.36 Wages & Salaries $21,675.64 Employment Expenses Employer Expenses $1,950.81 Wages & Salaries $21,075.64 Total Employment Expenses $23,626.45 Other Employer Expenses $1,896.81 Occupancy Costs Total Employment Expenses $22,972.45 Rent $1,000.00 Occupancy Costs Water $260.32 Rent $1,000.00 Total Occupancy Costs $1,260.32 Water $260.32 Total Expenses $53,427.96 Total Occupancy Costs $1,260.32 Total Expenses $47,455.77 Operating Profit ($2,991.59) Operating Profit ($1,818.91) Other Income Other Income Other Expenses Other Expenses t Profit / ( ($2,991.59) Net Profit / (Loss) ($1,818.91)FINANCIAL Risk Analysis BSBFINSOl Based on the same reports used in Task 4 over the months of August and September (remembering that the nancial year commences in July] outline your plan to alleviate the current ongoing risk of the business operating at a monthly loss. Use the table below to complete this task: 1] Outline the team members that you would communicate with in relation to planning a meeting and discussing your concerns. 2] Identify the areas that you are planning to discuss with these team members. 3} Outline HOW you would communicate and liaise with the team that you have brought together. 4] List here the relevant policies and procedures you believe would need to be reviewed in line with minimizing the nancial risks of the organisation. 5) Complete the FINANCIAL RISK ANALYSIS Template below outlining your main areas of concern, costs reduction, increasing income, etc. (Add additional rows as needed) Financial Risks Risk rating 1 Plans to reduce identified risk Date to (low) to 5 review (extreme) 1 2 3 4 5