There were no unusual items to point out in the financials for the month of November. When comparing this month's Profit and Loss Statement with October, there was an approximate $4,000 increase in net income, due to increased literature sales and decreased overhead/salaries. Note that there are two cost centers shown - one for the Distribution Center and one for the Admin Cost Center.
Some of the information on the Balance Sheet under Savings should be labeled differently, and will be done so in the December financials. In addition to the Audit fund, the amount in the Prudent Reserve fund should be $45,000 and there should be $5,000 in a Technology reserve account. The remaining amount is a reserve fund that will be used to pay for a new website and other anticipated expenditures, such as the 2014 Annual Business Conference (ABC), etc.
The Pie Charts again show a picture that does not differentiate the two cost centers.
The Treasury Committee worked on finalizing the 2014 budget, which will be voted on during the November conference call. With much gratitude, I with to thank Martin C. and Allen C., the other members of the Treasury Committee. I believe we make a very good team!
Respectfully submitted,
Mary Jo L.
ACAWSO Treasurer
