September 2017 Treasurer’s Report from Joan Mulcahy

The month of September ended with a budget deficit for the second month in a row following the pattern experienced in the months of August and September of both 2015 and 2016. The amount of the deficit thus far is also consistent with previous years and thus not a cause for concern at this point in the fiscal year. Because of the high number of prepaid pledges for the 2017/2018 fiscal year, the July through September expenditures are nearly $40,000 below income for the period.

In other activity during August and September, your treasurer worked with the Building Committee and with the Combined Campaign Committee to develop reports which would allow these groups to track their expenditures against their budgets as well as track the funds in the Future Building Fund which houses the moneys to be used for our building project. The balance in this fund will fluctuate as money is spent on the project and as donations are added. As of September 30, 2017 the available balance in the fund is $55,191.

~ Joan Mulcahy, Treasurer of the Board