Author: MaryJo L

Because our expenses were not as great in February, the Balance Sheet this month shows that our Net Assets increased about $30,000 over January. (This is explained in the next paragraph.) Something that does not change the...

The Balance Sheet explains how the fellowship's funds are earmarked. We're starting to see the flow of those funds for the development of the new Website. As payments are made, the value is capitalized as an asset,...

December shows very positive financial numbers.  The Profit & Loss Statement tells us that there was an overall Net Income of over $12,000.  This one month's figure is more than twice as much as at the...

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,...

While it would be clever to be able to start this month’s report with something witty and different, finance is finance. And you just want the facts. The Profit and Loss Statement shows most of those facts. As you read it, keep...