Treasurer’s Corner

March Treasurer’s Report For February, 2019

The Financial Statement for the fiscal year 2018 follows.

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.

The accounts have been reconciled with the bank statement as of December 31, and the closing totals are as follows:

Checking $3524.68

Scholarships $4373.41

Reserves $25,179.59

Total   $33,077.68

Those figures include the remittance of dues and contributions from the national headquarters in the amount of $448.00 and a credit return of $70.89.

No checks were written, and December was a Miserly Treasurer’s dream with all transactions being income and interest instead of expenditures.

In addition to chapter dues, usually either $33.00 or $41.00 per year, the chapter is dependent on reserves and additional donations to cover the costs of underwriting programs, the website, and expenses. Next month’s report will include the recognition of donors, and an annual financial report of the past fiscal year.

Richard Spears, Treasurer