Treasurer

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

Sent: Sunday, November 12, 2017 1:17 PM

To: 'Board FP' <fullboard@folkproject.org>

Subject: Bookkeeper's Report

Greetings, folks -

The attached is the new and improved monthly P&L, which includes an insurance allocation block on the second page. On the assets front, we show roughly $14,700 in checking, $23, 650 in the Money Market, $230 in petty cash and $138,750 in the Vanguard account. Some notes on the PDF.

Going right to the bottom line, we're ahead by $15,730 for the ten months ending October 31, a number that so far exceeds our usual profitability that it's hard to believe. Tis, true, though. If you look at the bottom line (post insurance allocations) on page two, that number comes down to $11,217 which is still staggering. The average annual income for the previous nine years is closer to $2,500. I can't do a departmental breakdown historically, because we've only recently started posting insurance costs at the department level. But it's certainly good news. I'm going to add a ten-year view to my report for the annual meeting, but I can tell you that from 2007 to 2015, the numbers are pretty spikey. Since then, the trend is clearly upward.

Special shout out to Special Concerts, which is now one of more most profitable activities.

I'll try to answer questions if you've got them.

Regards,

Chris

Chris Riemer

Keeper of the Books

The Folk Project

www.folkproject.org