July ‘09 WFPA Board Meeting

Treasurer’s Report

 

Current Accounts Summary:

 

                                                                             

  Last Month  This Month Change

Checking

$91,050.36

$13,722.12

$(77,328.24)

Savings

$52,263.66

$137,270.21

$85,006.55

Total

$143,314.02

$150,992.33

$7,678.31

 

Monthly/Year over year P&L:

 

 

CURRENT MONTH

 

 

June '09

June “08

YOY Difference

 

Total Revenue

 $     23,578

 $   21,546

 $    2,031

 

Total Expense

 $     21,352

 $   12,292

 $  12,292

 

Net Income

 $       2,226

 $     9,249

 $  (7,023)

Notes:

1)      June 2009 actuals include extraordinary income/expenses related to the 2009 Arts and Crafts Fair with WVFD and a 100 Club stipend for used to purchase turnout gear for the firefighters.  Netting both out would result in revenues of  $10,562, expenses of $11,187 and net profit of $(625).

2)      June 2008 actuals include Walker Day’s income of $12,218, expense of $5,511 and event net profit of $6,707 (including the rummage sale revenues/profit of $2,593).

 

Material Financial Activity for June 2009

 

Income:

WFA Booth Sales                    $     5,561        Arts & Craft Pre-Payments

Donations                                 $     5,050

Merchandise Sales                    $     1.079

Pancake Breakfast                    $     1,746        (May and June)

100 Club                                  $     7,554        (Stipend-spent on turnouts)

Yard Sale                                 $     1,646

Mayoral                                   $        564

Other                                       $        378

Total                                        $   23,578

 

 

 

 

 

Expense:

Arts and Crafts Expenses          $     2,609        Marketing

Equip & Repairs                       $     2,765        Tires and maint.           

Legal Services                          $     2,138       

Payroll                                      $     3,728        Severity payroll and taxes

Workman’s Comp                    $        530        Quarterly  insurance premium

Turnouts                                   $      7,555       100 club stipend

Other                                       $      1,621       Supression foam $526 and misc.          

Utilities & Communications       $         466       Qwest -$191+$101, APS-$118, Com., $157

Total Expenses             $    21,352      

 

 

Other Financial Activities:

Realignment of WFPA’s operating funds

Financial Audit for ’08-’09 fiscal year scheduled for July, committee in formation

Federal Tax Return due in August for ’08-’09 Fiscal year

Budget for ’09-’10 fiscal year needs to be developed, committee in formation