August ‘09 WFPA Board Meeting

Treasurer’s Report

 

Current Accounts Summary:

 

                                                                           

   Last Month This Month  Change

Checking

$13,722

$(4,594)

$(18,316)

Savings

$137,270

$140,077

$2,807

Total

$150,992

$135,483

$(15,509)

 

 

Monthly/YTD P&L: 

 

 

 

 

YTD July '09

YTD July '08

 

July '09

July "08

 

2 mos.

2 mos.

Total Revenues

$14,286

$4,155

 

$38,277

$26,746

Total Expenses

$30,816

$103,796

 

$52,116

$116,043

Net Income

-$16,531

-$99,641

 

-$13,839

-$89,297

Notes:

1)     July 2009 and YTD actuals include extraordinary income/expenses related to the 2009 Arts and Crafts Fair with WVFD which includes a $9,545 accrual for the anticipated profit split to WVFD for the event.  Netting both out would result in revenues of  $4,186, expenses of $17,481 and net profit of $ (13,295) for July 2009 and $22,242 in revenues, $30,675 in expenses and net profit of $(8,433) on a YTD basis.  July EOM book OD covered with a MMA transfer of $10,000 on 8-3-09.

2)     July 2008 expenses included $94,749 charge for the remaining balance of a purchased fire truck and YTD actuals included Walker Day’s net income of $6,707.  Netting out the fire truck expenses would have resulted in a net profit for the month of $(4,891) and YTD of $5,452.  Fire truck expense in process of being capitalized with a reversing entry to historic financials.

 

 

Material Financial Activity for July 2009

 

Income:

WFA Arts & Crafts Fair        $   10,099       $3,534 in raffle and water sales

Donations                              $     1,604

Merchandise Sales               $     1.028

Pancake Breakfast               $     1,135      

Yard Sale/Picnic/Other         $        420

Total                                        $   14,286

 

 

 

Expenses:

Arts and Crafts Expenses    $   18,883       Incl. $9,545 accrual for WVFD profit spilt

Equip & Repairs                   $     2,804       P-83 brakes and deferred maintenance

Legal Services                      $     1,995      

District Expense                    $     1,403       Legal

Payroll                                    $     2,893       Severity payroll and taxes

Merchandise                          $     1,125       Hoodies and l/s T’s

Office equipment/supplies   $        503       Polycom system-$460         

Utilities & Communications $        882       Qwest -$103, APS-$127, Comm., $652

Other                                       $        328

Total Expenses                     $   30,816      

 

 

Other Financial Activities:

WFPA/WVFD Arts and Crafts Fair a big success, thanks to all the volunteers and and the special efforts of the Arts and Crafts Committee who planned and managed a fun, safe and profitable event!

Financial Audit for ’08-’09 fiscal year completed in July, committee report presented.  Entries to capitalize the purchase of the new fire truck in process.

Federal tax return in process of completion by Joyce Hyman.

Budget for FY ’09 not completed, reset for September 12th.