Treasurer's Report

From: Chris Riemer <jcriemer@gmail.com>

Sent: Monday, March 05, 2018 2:34 PM

To: fullboard@folkproject.org

Subject: Treasurer's Report

Greetings, all -

Attached is the usual report, covering the first two months of 2018. As of February 28th, we had $14,385 in Checking, $18,655 in the Money Market, $230 in Petty Cash and $129,228 in the Vanguard account. Rounding out the Current Assets is a $2,500 deposit at Camp Bernie for the Spring Getaway.

The new video hardware has been posted to the Fixed Asset account, but I expect we will just expense it at the end of the year. A lot of it (cables, racks and such) would be expensed anyway, and Bill Dodds has advised that we don't need to go through the trouble of depreciating individual items over a period of several years. That's generally the case with electronics and computer equipment.

A few other things to mention.

Getaway and Concerts are not really as profitable as they look in this report, because both are showing revenue on advance sales for events that haven't yet taken place. So that $20,000 or so for Getaway will largely be eaten up by rent and performer fees come May.

We've gotten the first bill for our new liability and accident policy, which has been spread across the venues on the insurance line. The higher number for -FP General is mostly due to the Directors & Officers insurance, which is carried at the organization level. But there's a little liability money in there, too, because of the Valentine's Day show.

If you have questions I will do my best to supply answers.

Chris

Chris Riemer

Treasurer

The Folk Project

www.folkproject.org