Treasurer

From: Chris Riemer [mailto:jcriemer@gmail.com]

Sent: Monday, December 04, 2017 11:02 AM

To: fullboard@folkproject.org

Subject: Treasurer's Annual Report

Greetings, projectiles -

The attached is an annual look at Folk Project finances, for the period from December 1, 2016, to November 30, 2017. So it's a 12-month view that makes for a pretty representative breakdown. Let's take a look, page by page.

Page 1 - Total Income and Total Expenses

On the Income side, the Other Income number includes some non-standard things like Silent Auction proceeds from Uke fest, as well as some bookkeeping adjustments for Swingin' Tern. Donations includes both literal donations, as well as food income from Minstrel and Swingin' Tern. The Merchandise number includes some T-shirts, Mugs and also the Maelstrom CDs.

On the expense side, no surprise that we spend most of our money on Performers and Rent. Beyond that, we're a lean, mean music machine. Printing is slightly understated because the newsletter vendor is a few months late on billing us. Food expense has crept into third position largely because of the Volunteer Appreciation event held last May.

Also note that "Conferences" is a new category this year, and includes the subsidies paid for NERFA attendees. Miscellaneous includes little odds and ends, and is also where we track any bookkeeping adjustments made over the year (which could be positive or negative).

Note that these two numbers reflect actual monies in and monies out, and will not net out to the operating income in the green box. That's because Getaway's expenses are reduced in the P&L by an internal subsidy. Trying to include that in the pie charts is too confusing, so the $11,000 is what you'd see in our Profit and Loss report.

Page 2 - Departmental Comparison

As usual, Getaway has the largest footprint, although Concerts is the most profitable activity. The surprise here is General, which is usually closer to break even. The dollars here are being driven by the ACMA Grant, an increase in Donations, and an increase in Dues revenue. The Admissions from Valentine's Day, Summer Songs and the Halloween Show are also in this bucket.

Page 3 - Cash Positions.

The first graph includes the Checking Account, the Money Market account and Petty Cash, and you can see the Getaway effect in its obviously spikey nature. Money comes in for the two months prior to a Getaway weekend, and then gets spent in May and October. The red dotted line shows that despite this spikeness, we were trending upward over this period. The bottom graph shows the value of the Vanguard fund, which has also done very well.

I won't be at the annual meeting, but will try to answer any questions that come up before or after. I'm also asking Mike to bring maybe a dozen copies of this PDF, for guests who are outside of this distribution. If you want to refer to this report during the meeting, please print your own copy ahead of time.

Regards,

Chris

Chris Riemer

Keeper of the Books

The Folk Project

www.folkproject.org