Treasurer

Attached is the usual Departmental P&L report showing how we've been doing through July 31. This profitability picture is inflated by the arrival of admissions for future events, notably the Getaway, UkeFest, Calan and Muriel Anderson. So while in this time period we have posted a profit of almost $30,000, much of that is already committed. Things will level off come October.

About two weeks ago, the net operating income was around $9,000 YTD, before the recent PayPal sweep and before a Getaway deposit of around $4,000. So however you want to slice it, we're having a banner year. That's something that makes me wonder if the extra step of using a spreadsheet to estimate insurance exposure YTD is really worth it. Any thoughts on that? It not a lot more work, but it would be a little easier if I just sent the report as it appears in QuickBooks.

Otherwise, the checking account balance stands at about $19,900 with another $17,600 in the money market and $119,000 in the Vanguard account.

It may be a little premature, but I'd like to remind the board that I am term-limited in this position, and you will need to find a new Treasurer in the next five months. If anyone thinks they might be interested and would like an overview of what's involved, please let me know. You can also read a job description in the back office.

Chris