Treasurers report

Greetings, all -

First, I must apologize for the fact that a previous engagement will keep me from the meeting this month. Those who know me well will realize this particularly bugs me, since I was out sick last month. But I am sure you will soldier on without me.

Attached are the two reports I'd like people to get most comfortable with reviewing on a monthly basis. These are Profit & Loss (P&L) reports, which show all the money that came in and went out in a given time frame. The "Departmental" report shows the performance of each profit center relative to the others, and the "Operational" report breaks down the FP General department to show further detail. These are also my primary Treasurer's control reports, since they show every transaction in a relatively compressed space. If anything is categorized incorrectly, this is where I'd catch it.

Remember that we're using accrual accounting, which means these reports show when income was earned and expenses were incurred, not necessarily when they hit the checking account. That makes them a tad plastic. For example, just today I paid a bill that was lost in the mix, and actually should have been paid in January. So the January results today are now different than the January results I reported last February.

I think the only outlier here is the $78.16 in Other Income from the Getaway. It's a PayPal sweep error, and I'll resolve it once the Getaway is over. It would take more time to explain than I assume anyone would care about, but if you're interested, send me a note and I'll give you a reply.

Also, remember that if you log in to QuickBooks, you can drill into any of these totals on the report and see the transactions underneath. I'd be happy to do one-on-one training with anyone who'd be interested in taking that step. I also feel that as Directors of this organization, all of us should understand where the money comes from, and where it goes. It's pretty easy with QuickBooks.

Regards,

Chris

Chris Riemer Treasurer The Folk Project

www.folkproject.org