Treasurer's Report

The Treasurer is responsible to the WSO for monitoring and reporting all the WSO income and expenses.  This includes liaison as needed with the WSO office staff and supporting accounting firm.

Check here for the latest WSO Treasurer and accounting reports to the WSO Board.

Treasurer's Report and Finance Committee Report - August 2016

TREASURER'S REPORT

The monthly financials for August 2016 are as follows:

  • Balance Sheet (click here) - remains largely unchanged. WSO total assets are $634,677, which include cash assets, inventory on hand and down payments to vendors, furniture and equipment, and intangible assets such as the website. 
  • Profit and Loss Statement (click here)- there was a net income of $32,781, which was due to a number of factors, including a "catch up" in sales because the Distribution Center was out of some inventory in July.  A specific breakdown of 7th Tradition Contributions is included in the tab below the Treasurer's Report in the left margin of this Repository. 

FINANCE COMMITTEE REPORT

Members:  Jeffrey F., Melani M., Mary Jo L.

Bill D. has left the committee and we wish to thank him very much for his excellent input during his tenure with us.  

The committee met two times within the past month and discussed the following:

  • Consideration of changing pricing on the tri-folds because of increased distribution costs.   
  • Pricing of individual items that will be sold on Amazon UK
  • Establishment of an Audit Committee, which was approved by the Board in June.  This will not be a full audit of the organization but rather a preliminary audit to ensure that we have appropriate systems in place. 

Volunteers for this comittee are always welcome.  Please send an email to This email address is being protected from spambots. You need JavaScript enabled to view it. if you are interested.

Respectfully submitted,

Mary Jo L., ACA WSO Board Member and Treasurer

Treasurer's Report and Finance Committee Report - July 2016

TREASURER’S REPORT 

Click here to see the Profit and Loss Statement for the month of July, which shows a net loss in income of $9,176. This was due primarily to being out of stock on the Laundry Lists Workbook, having 3 payroll periods during the month, having a delayed billing from one of our vendors that should have partly shown up in June, and having additional payments for a temporary staff worker longer than originally expected.  But the financial picture is not bleak by any means.  We are just under $24,000 ahead of Year-to-Date income from last year at this time.  This extra income is part of what is enabling WSO to hire a General Manager who will help us ensure continued growth. 

The 7th Tradition contributions are shown in the Donations sub-tab under Treasurer in the Repository.  The July total was $4,786, which is actually $500 less than a year ago. 

Click here to see the Balance Sheet for July. 

FINANCE COMMITTEE REPORT  Members Bill D., Jeffrey F., Melani M., and Mary Jo L., Treasurer

The Finance Committee has been working on a number of items, including a revision of the Fiscal Policy section of the OPPM, which will be presented to the Board shortly; funding for the hire of a General Manager and additional staff; figuring profit margins on products to determine if any adjustments have to be made when we sell through Ware-Pak fulfillment due to pick charges and SKU charges; the sale of literature on Amazon UK; and forming an Audit Committee and hiring an outside auditor. 

If anyone is interested in joining this committee, we’d be glad to have you.  Please send an email to This email address is being protected from spambots. You need JavaScript enabled to view it.

Respectfully submitted,

Mary Jo L.

ACA WSO Treasurer

Treasurer's Report and Finance Committee Report - May 2016

TREASURER'S REPORT:  The Financials for May are as follows:

The Balance Sheet shows overall Net Assets of $609,321. This includes both tangible and intangible assets, that latter of which includes the website. 

May's Profit and Loss Statement shows a net loss of $210.  This was primarily due to the cost of the Annual Business Conference.  Please note that the Distribution Center (DC) sales figure of $53,424 are not actually just the sales of our literature - it includes $9,981 in shipping and handling that was collected.  In the expense section for the DC, there is an offsetting Freight Out figure of $10,550. 

For a list of 7th Tradition contributions, which totaled $5,558 for May, click on the Donations tab under the Treasurer's Report menu item. 

FINANCE COMMITTEE REPORT:  Members Bill D., Jeffrey F., Melani M., and Mary Jo L., Treasurer

We welcomed a new Committee Member, Melani M., from Tennessee. Her Accounting background will be extremely helpful. 

We have been bringing Melani up to speed and we primarily have been working on reconciling the 2015 budget and preparing the new budget.  The 2016 budget was delayed because we didn't have a committee during the months last year when the new budget would have been prepared.  This process gets more involved each year because WSO keeps growing.  We hope to have it ready for the Board very soon. 

Respectfully submitted,

Mary Jo L.

ACA WSO Treasurer

Treasurer's Report and Finance Committee Report - June 2016

TREASURER'S REPORT:

The financials for June are fairly straightforward.  Click here to see the Balance Sheet.

The Profit and Loss Statement is missing our Accountant's fees, which should adjust the Net Income down. 

For a list of 7th Tradition contributions, which totaled $4,195 for June, click on the Donations tab under the Treasurer's Report menu item. 

FINANCE COMMITTEE REPORT:  Members Bill D., Jeffrey F., Melani M., and Mary Jo L., Treasurer

Read more: Treasurer's Report and Finance Committee Report - June 2016

Treasurer's Report and Finance Committee Report - April 2016

TREASURER’S REPORT: The 7th Tradition Contributions for April totaled $4,822. The list of these contributions is shown on the Donations sub-tab under Treasurer’s Report. 

The Profit and Loss Statement (P&L) reflects the new format I mentioned last month for the Distribution Center (DC) cost center – that we can see Gross Sales at a glance, followed by the direct expenses of Cost of Goods Sold. Gross sales for April were $45,269, which is the sum of Total Sales ($38,692) and Total Intergroup Discount Sales ($6,577).

In our second cost center, which is called World Service Organization, as of the end of April not all numbers have been reconciled for the ABC/AWC. So these figures are incomplete, which is normal with such a large event. I will be able to report final figures in June. This has been quite a feat to reconcile and I want to thank the Florida Host Committee, specifically Bill D. and Lucia along with Gloria from our staff.

Read more: Treasurer's Report and Finance Committee Report - April 2016