April 2010 WFPA Board Meeting

Treasurer’s Report

 

Current Accounts Summary:

 

                                            Last Month                   This Month               Change

Checking

$4,296

$2,325

-$1,971

Savings

$108,324

$130,339

$22,015

Total

$112,620

$132,664

$20,044

 

 

 

Monthly Comparisons

Year to Date Comparisons

 

Budget

Actual

Actual

Budget

Actual

Actual

 

Mar. ‘10

Mar. ‘10

Mar. ‘09

Mar. ‘10

Mar. ‘10

Mar. ‘09

Revenues

$26,921

$27,547

$38,029

$120,162

$113,415

$115,565

Expenses

$4,278

$3,627

$9,652

$107,903

$101,811

$70,529

Net Income

$22,643

$23,990

$28,377

$12,259

$11,117

$45,031

 

Notes:

 

  1. March revenues were bolstered by $26,950 in dues collections and monthly revenues exceeded budget by just under $700.  Compared to March 2009, however, collections were almost $10,500 lower (28%), possibly as dues notices were mailed later in February this year than last.  Average dues collected of 111 donations averaged $243. 
  2. Expenses, were slightly under budget at $3,627 and considerably lower than last March, which  reflected higher legal, office and district expenses as well as firefighting and building expenses. 
  3. Net income also exceed budget by $1,347 at $23,990.    
  4. Year-to-date dues collections remain 36% lower than 2009.  It is possible that collections are running a month later in 2010 than 2009, if this is the case, we should see a narrowing of the  shortfall in the last two months of the current year.    
  5. Designated donations for the EMS of over $16,500 helped level off the lower revenues this year to bring total income to $113,415 and within approximately $2,000 of last year. 
  6. Extraordinary expenses related to the Craft Show and legal expenses continue to reflect a net $31,282 negative variance to last YTD.  Year-to-date actual to budget is favorable at $6,092 due to tighter control of budget expenses or delay in expenditures.           
  7. WFPA recorded its first YTD fiscal profit in March!
  8. Cash position remains strong at $132,664 at 3-31-10 and now represents 1.1X curent year total budgeted expenses of $120,092.

 

 

 

 

 

 

 

 

 

Material Financial Activity for March 2010

 

Income:

Donations                             $   26,950

Pancake Breakfast              $        552

Merchandise                         $          45

Total                                       $    27,547

 

 

Expenses:

Vehicle fuel                          $        218      

Utilities & Communications           $      1,021      Qwest, APS, Dispatch and propane

Vehicle repair/additions      $          957

Dues & Membership           $        163       Envelopes & stamps

Wages                                    $        384

Station                                   $        416

Padlocks                                $          282

Other                                      $        186                  

Total Expenses                    $      3,627                 

 

 

Other Financial Activities/Discussion:

  • Spring 2010 dues requests mailed the week of 3-8-10.
  • Spring Newsletter distribution in April.