January 2019   
Treasurer's Report



The results for the first five months of the Fiscal Year 2018-2019 show us with a positive NOI of $11,561. At this same time last year, our NOI was positive $44,875.

For the past three years, we have been using a calculation to project the direction we are heading. We compare 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 after doing this with the November 2018 month-end figures is was a projected NOI (for the 2018/19 Fiscal Year) of negative $31,469. This is deficit is

largely due to three factors:


1. A budgeted $8,000 in unspecified fundraising that has not yet materialized. Please see  any board member for information on how you can assist with fundraising efforts.

2. A $20,000 pull from reserves that we will not allocate until the end of the fiscal year. This money is currently earning interest in a CD.

3. Higher than expected costs with our utilities.

Brad Mock, Treasurer at or 860-705-2966