Treasurer

Greetings, projectiles -

Attached are two reports showing the financial picture as of February 28. The Departmental P&L is the one I feel we should watch most closely, since it shows how the venues are doing, as well as how things look in the FP General category. The Operational P&L breaks that General column down further, and I'm including it this month to highlight the Valentine's Day Extravaganza, which is what you see under Internal Affairs. Note that I have filtered the $10,000 donation toward Minstrel sound equipment out of this report, since it really skews the results.

At month's end, we had about $4,000 in checking, $21,600 in the Money Market and the usual $230 in the petty cash boxes at Minstrel and Swingin 'Tern, for an operating fund of $25,830. That sounds pretty comfortable, but it leads me to the third exhibit, the Operating Account Graph. The true account balances reflect an emergency transfer of $15,000 from the Vanguard account in January as well as that $10,000 Donation windfall. If you adjust the balances to take them out of the mix, you can see that we have yet to reverse the downward trend of the last 13 months.

Questions are welcome, either now or at the meeting. As usual, I'll bring a couple of copies of these reports with me, but if you want a hard copy for reference, please print on your own.

Yours in folk,

Chris

Chris Riemer

Principal

Knowledge Street LLC

www.knowledgestreet.com

+1 973.292.2949