Treasurer’s Report

 

Current Accounts Summary:

 

                                                                       

 

Last Month

This Month

Change

Checking

$6,034

$4,296

-$1,738

Savings

$104,312

$108,324

$4,012

Total

$110,346

$112,620

$2,274

 

 

 

Monthly Comparisons

Year to Date Comparisons

 

Budget

Actual

Actual

Budget

Actual

Actual

 

Feb. ‘10

Feb. ‘10

Feb. ‘09

Feb. ‘10

Feb. ‘10

Feb. ‘09

Revenues

$19,798

$3,791

$6,123

$93,241

$85,869

$77,537

Expenses

$10,286

$5,047

$7,265

$103,625

$98,184

$60,877

Net Income

$9,512

-$1,224

-$1,142

-$10,384

-$12,872

$16,654

 

Notes:

 

  1. Net cash increase of $2,274 was due to VFIS quarterly premium payment in March versus February, otherwise revenues continue to reflect lower levels on a comparative basis from last year.   
  2. Expenses, adjusting for the timing of the VFIS payment were even with last year. 
  3. The budgeted revenues of $19,798 for February, were based on prior year’s historic dues collections, possibly impacted with the earlier mailing of the dues requests.  This year’s letters will be mailed the week of 3-8-10.   
  4. Year to date revenues (nine months), are tracking at $23,900 behind budget when adjusting for EMS truck donations of $16,500, due partially to the $7,400 shortfall before the budgeted ramp-up of dues collections for February of $18,000.         
  5. Year to date expense comparison to last year continues to reflect the $37,000 difference between periods due to the Arts and Crafts Show expenses ($19,668 net of other fundraising expenses), legal ($10,600),  turnout expense ($7,946) and payroll expenses ($4,600).  Lower travel ($2,300 pick up of new fire truck), and medical ($1,100) expenses partially offset have reduced the $40,000 difference reported last month.
  6. Dues collections are expected to pick during March with the mailing of 960 dues letters.  We should be able to get a clearer view of collection levels compared to prior year, by EOM April.    
  7. Cash position remains strong with 5 times coverage of remaining FY budgeted expenses and almost 1 times (.93X), coverage of total FY 2009 budgeted expenses.  

 

 

 

 

 

 

 

 

 

Material Financial Activity for February 2010

 

Income:

Donations                              $     2,689

Merchandise                          $        440

Pancake Breakfast               $        564

Other                                       $          98

Total                                        $     3,791

 

 

Expenses:

Legal                                      $        403      

Insurance                               $     2,372      

Utilities & Communications $     1,190       Qwest, APS and Dispatch

Dues & Membership            $        218       2010 placards and envelopes

Fundraising Expense           $        257       Pancake Breakfast expense

Office                                      $        169

Station Security                     $        170

Other                                       $        268      

Total Expenses                     $      5,047                 

 

 

Other Financial Activities/Discussion:

  • Spring 2010 dues requests to be mailed the week of 3-8-10.
  • Spring Newsletter preparation to begin.