I have posted the financial reports for the period ending May 31, 2010, on the Financial Reports page of the Treasurer's space. Note these do not include the financial performance of the Chapter's Reserves held in the SLA Pooled Fund - the statement for the first quarter of 2010 has not yet been made available from SLA.
Please let me know if you have any trouble obtaining any of these reports through the Wiki.
Notes and Commentary
We received our dues allotment from SLA in May, three months earlier than expected. It is also a bit higher than budgeted: we estimated the amount at $14,644.80 and received $14,904.00 (1,035 members).
The expenses and income for programs and events look good. We are running about $3,000 better than budgeted for the first half of year.
However, there are some hits the Chapter's finances will take that are not included in the budget. They will be included in an amended budget presented in early fall.
First, the Chapter voted to award 2 scholarships of $2,000 each, which means an additional $1,000 of scholarship expense over what was budgeted.
Second, in 2010 we will have expenses and probably some sponsorship income associated with hosting the Leadership Summit in January 2011. During 2010, hosting expenses will likely be deposits for the reception room rental and catering, and income will likely be some of the sponsorships.
As a starting point for our Chapter's planning, I have included below the host chapter income and expenses for the Leadership Summit held earlier this year in St. Louis. They broke even, primarily because they received nearly $10,000 in sponsorships.
|665.00||Reception attendees not registered at conference|
|902.00||Raffle/Stadium tours (cash)|
|1,200.00||Champions Club Room rental|
|1,092.97||Consumption – bar|
Submitted by Martha Reifschneider, 2010 Assistant Treasurer