Financial Updates

FY'23-24 Year-End Results

Results for the recently completed fiscal year show us in the black with a gain of $20,470 on income of $490,610 and expenses of $470,141.  The gain is added to our surplus on the balance sheet.

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Previous Year Comparison

Compared to last fiscal year, our income was up 9.2%, while expenses were up 4.4%:

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Note that we had a small $1,168 deficit last fiscal year, so are up $21,638 compared to last year.

 

Our Liquid Assets/Reserves

Our leadership team makes sure to maintain reserves that cover certain expenses at all times.  As of August 31, 2024 we had total liquid assets of $330,329, of which the LT has designated $85,262 as unrestricted (labeled "Safe Surplus Funds" below).

 

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Fiscal Year 9/1/23 - 8/31/24"   

                                  Actual             Revised Budget        $ Diff  %        Diff

YTD Income             $490,610         $492,660                   -$2,050          -0.4%

YTD Expenses         $470,141          $492,660                  -$22,519         -4.6%

YTD Net Gain          $20,470            $0                             $20,470        

 

Previous Year Comparison

                       FY'23-24       FY'22-23        $ Diff             % Diff

Income          $490,610      $449,166        $41,444          9.23%

Expenses       $470,141       $450,334       $19,806         4.40%

Net Gain        $20,470        -$1,168           $21,638         

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