May 2018  
Treasurer's Report

Treasurer’s Report

Figures are for July 01-February 28, 2018

After our ninth month of the current fiscal year, we are experiencing a typical slow-down.

Our Net Operating Income (“NOI”), which represents the difference between our current income and our current expenses, is positive $21,458 (meaning, we have more income than expenses).  However, it is a large decrease from our February 2018 NOI of $28,053.     

Over the past few years, we have been using a calculation to project the direction we are heading.  We compared the current period’s income versus the previous year’s income (during the same time period), add to that the difference between the current period’s expenses versus the previous year’s expenses (during the same period).  After arriving at this figure (considered the variance) we add or subtract the previous year’s ending NOI.   The figure we arrived at was a projected NOI (for the 2017/18 Fiscal Year) of negative $8,708.  This compared to the January figure of positive $1,387. 

The reason for the discrepancy in numbers month over month is that while our income is higher this year (compared to the same period last year), our expenses were much higher (compared to the same period last year). 

We have three more months to go in this fiscal year and we need to ensure our income continues to outpace our expenses.  All of us need to be very careful in the monies we spend between now and the end of the fiscal year so that we can achieve a balanced budget.

If you haven’t already done so, please submit your financial commitments as soon as possible. As previously mentioned, the Finance Team, The Board of Trustees, and I, rely on your submitted financial commitments to calculate the 2018/2019 Budget. 

If you ever have questions about anything mentioned in these reports, please contact me in person or send an email to


Payment Options:‚Äč

Did you know that you can pay your financial commitment with stocks and bonds? A fair number of congregants pay in that manner. We have a financial arrangement with Charles Schwab to sell any donated stocks and bonds and we provide to you information on the price of the securities sold for your tax records. This can be a smart way of funding, especially for stocks that have appreciated. You can contact the person that prepares your taxes for more information on whether this would be advantageous for you. Also, if you have any further questions, please contact me.


Tom Lescoe, Treasurer,