May 2017  
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Treasurer's Report

Treasurer’s Report

Figures are for July through March 2017

For the first nine months of the fiscal year 2016/2017, our income was more than expected and our expenses were less than what we budgeted.  This left us with a positive Net Operating Income (“NOI”) of $33,986.

Using our usual forecasting model (the difference between our NOI year-to-date this fiscal year, compared to the NOI for the same period in fiscal year 2015/2016, less the loss we incurred the previous year) we see ourselves ending the year with a positive $24,733.  This number is $16,735 more than February month-end.  This number represents the highest we have achieved this fiscal year!  With three months to go, we need to keep this number above the $10,000 mark.

Are you curious that you are reading the May 2017 Newsletter and the financial data is from March 2017?  Here is why; in this case, the books closed on March 31 and were reviewed by the Treasurer, the Finance Committee, and the Board of Trustees.  The deadline for the newsletter every month is the 15th of the month PRECEEDING the actual date of the newsletter.  So, while we were working behind the scenes to determine our financial standing for March, we had fifteen days to vet any concerns AND publish an article for the May Newsletter. 

Important!  The Cash Contribution envelopes (found below the seats in Unity Hall) are ONLY to be used for cash AND when you want the cash credited to something specific, AND/OR if you want credit in your name (for tax purposes).  Following each service, the counters open these envelopes and find checks and cash with none of the above information indicated on the face of the envelope.  By using them only as necessary and appropriate, we will save money (envelopes, printing, labor to put them together) and continue becoming a paperless society.

Even MORE Important!  If you haven’t done so already, PLEASE complete your Financial Commitment form for 2017/2018.  It is nearly impossible to draft a balanced budget for 2017/2018 without all pledges being submitted.  If you have any questions, please contact a member of the Stewardship Committee.

Tom Lescoe, Treasurer, tlescoe@hotmail.com