Treasurer's report

Greetings, projectiles -

So we have three attachments for your perusal this month.

The first one is a Balance Sheet, and as I've said before, this shows you Where We Are. Take a look. At the top you see our cash accounts, totaling $42,000 and change. There's also Accounts Receivable, which is money we've billed but don't yet have in the bank. Most of that big number is Getaway, but there's a smattering of Uke-NJ3! sales, Paxton T-Shirts and other odds and ends. Then we have the Agranoff Endowment, totaling about $112,500, and Prepaid Expenses, which represents the deposit at Camp Bernie for the Fall Getaway. Fixed Assets is next, and should be considered a kind of educated guestimate since we haven't been very rigorous about depreciating our sound equipment each year. Finally, there's Accounts Payable: bills that have been received but not yet paid. Most of that $150 comes from Paxton Concert refunds.

The next report is a Departmental Profit and Loss, which shows How We're Doing. And the answer to that is pretty well, thank you. We're ahead almost $30,500 this year, but a big chunk of that (almost $20,000) is money for the Fall Getaway, so it's an earnings spike that will be offset by the expenses in October.

You can also see this in the final attachment, an updated version of the graph I first circulated in January. The red trend line is clearly upward, and even if you discount the big spike of Getaway money in April, we're doing much better than last year. Note that this graph discounts the Minstrel grant, and also the emergency Vanguard transfer. If we hadn't made that transfer in January, we would have been in negative numbers in February.

Questions or comments are welcome. See you Tuesday.

Regards,

Chris

Chris Riemer Treasurer The Folk Project