Treasurer's Report

From: Chris Riemer <jcriemer@gmail.com>

Sent: Sunday, June 03, 2018 5:52 PM

To: 'Folk Project' <fullboard@folkproject.org>

Subject: Treasurer's Report

Greetings, folks -

I never did send this report last month. Did you miss it? Be honest, but be kind... ;-)

Some commentary, column by column.

• • The Admissions, Rent and Merchandise numbers under General come from the Valentine's Day show, and the Dues & Subscriptions number includes Quick Books, Folk Alliance International and the Morris County Tourism Bureau. The $80 in Contributions represents money from Maelstrom CDs sold at Getaway, which went (as had the earlier sales revenue) to Puerto Rico hurricane relief. The revenue from these sales was posted to FP General, not Getaway, for what I hope are obvious reasons.

  • No special comments on Concerts since I think all those numbers are self-explanatory. There's a little UkeFest money in that admissions number, but only a little. Note that some ASCAP and BMI expenses are still outstanding for Concerts, but their effect on the bottom line would be immaterial.

  • I have (theoretically) taken on the management of the Vanguard Fund, but I haven't yet done the allocation calculations for this month. Figure the Getaway will be maybe $1,500 to $2,000 more profitable than shown here. The Performer sales number reflects the wash we get when we take the cash for performers' merchandise and give them a check to cover it. $500 in and $500 out equals zero. Also note that Getaway gets revenue credit for Merchandise (except for the Maelstrom CDs), but does not get it for Dues. That's our traditional practice.

  • The Horses repair and maintenance number reflects some stuff related to their new digs, and the $30 negative expense for supplies is an internal allocation from Membership. If people opt for memberships that include a DVD, FP General covers the DVD cost outlay by Horses.

  • No comments on Open Stage.

  • Swingin' Tern is showing $188.00 in "Other Income," and this actually represents outlays to cover shortfalls for the dances in May. If anyone cares about that, I'll explain privately. It's a workaround that Leigh and I have evolved as the best way to handle this occasional scenario.

Finally, the $262.43 for Minstrel Miscellaneous Expenses includes both cash over/under adjustments for the first five months, and our contribution toward MUF computer upgrades related to Concert Window. Mike has asked (and I have agreed) to create a new category called "Other expenses."

We're going to use Other for non-categorizable expenses associated with a particular show (like Cash Over issues), and Miscellaneous for non-categorizable expenses that are not associated with a particular show (like the computer upgrade). I'm going to retrofit that change to January 1 of this year, but the report can go out without it, I think. If any other Venue has similar expenses, the category will be there. (The Getaway's Misc Expense of $20 for a paper cutter would be an example. Given the Getaway's event-driven nature, I would still charge that $20 against the Spring weekend, but if they had weekend-specific non-categorizable expenses, I'd put them in Other.)

As usual, questions are welcome. Or at least tolerated.

Regards,

Chris

Chris Riemer

Treasurer

The Folk Project

www.folkproject.org