March Treasurer’s Report For February, 2019
The Financial Statement for the fiscal year 2018 follows.
| NSAGO Financial Statement, 2018 | ||
| Bank Statement 1/1/2018 | $32,185.22 | |
| INCOME | ||
| Dues | $3,904.00 | |
| Contributions | $2,413.00 | |
| Fees | $1,664.16 | |
| Interest | $11.22 | |
| Subtotal | $7,992.38 | |
| EXPENSES | ||
| Programs | ($5,830.68) | |
| Administration | ($160.75) | |
| Website | ($764.49) | |
| Scholarships | ($344.00) | |
| Subtotal | ($7,099.92) | |
| Year-end Results | $33,077.68 | |
| Bank Statement 12/31/2018 | $33,077.68 | |
| Loss/Gain | $892.46 | |
The accounts will be reconciled with the bank statement on February 28, 2019, and the details of the month’s transactions will be presented to the board at the next meeting for approval. As of February 26, 2019, the balances are:
Checking: $3,989.13
Scholarships: $4,373.52
Reserves: $22,680.65
Total: 31,043.30
We received $82.00 in dues from the central office and wrote reimbursement checks totaling $2,142.96 for dues supplements, and for expenses associated with the Rubis-Bauer recital. Additional costs are pending for this program and will be summarized in next month’s report. A Transfer of $2,500.00 from reserves to checking was made to cover checks being written to cover program costs. A check for $130.00 was written to cover web services.
The board is grateful for the generosity of our members. The contributions above and beyond the dues we pay help with the costs of programs and web services. Additional contributions can be made at any time through ONCARD, which keeps track of dues and contributions for each member.