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.

January was a good month financially for the Fellowship.  The Profit and Loss Statement shows a Net Income of just over $20,000.  This seems to partially compensate for much lower December sales than expected.  Part of that increased income was also due to a larger total for 7th Tradition Contributions.  Thank you to all groups who are able to contribute according to the 7th Tradition guidelines, as well as to those individual ACAs who make contributions.  All contributions are listed in the document section under Treasurer's Report entitled Donations Received. 

The Balance Sheet shows a distribution of expected expenditures in the Current Assets section.  The Board is actively planning for the future and how to assure that WSO will be able to meet any expected or unexpected expenses. 

Some of the customary expenses that are not usually reported regularly are those for our Accountant to prepare the tax returns, both the annual Federal return and quarterly Sales Taxes to the State of California.  As soon as the 2014 Federal taxes are files, the Finance Committee will begin working on preparing financials for the ABC.   

Incidentally, if you read the Treasurer's report on a regular basis, you will have heard the Finance (or Treasury) Committee referenced since June of 2013.  We currently have two members, Martin C. and myself, and we need more volunteers.  If you have a background in finance or accounting, or just an interest in either that is backed up with some level of experience in dealing with finances, please consider volunteering to join us.  We have recently been focusing our efforts on belatedly preparing a 2015 budget as well as considering what needs to happen for the ABC.

If you have any questions about WSO finances, please address an email to me at the following address:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Respectfully submitted,

Mary Jo L.

Treasurer and WSO Trustee

We continue to show a solid bottom line on the Balance Sheet. I know that many members and groups look at what we have and wonder what we're doing with it.  I've pointed out in the past about how we need to maintain a solid Prudent Reserve and that there are funds that have to be set aside for purchase of new literature.  You'll also notice in looking at the figures that we plan to hire more special workers in the Distribution Center. 

Due to an error in this month's inventory that wasn't corrected until mid-day yesterday, Friday, November 7th, our Accountant wasn't able to get the financials to me in time for the Treasury Committee to review them before posting. 

I can, however, say that the net income for October was approximately $14,000, due in large part to the 7th Tradition Contributions made by various Meetings, Intergroups, and indivduals from around the world.  I wasn't able to update the information on the Donations Received tab in the left margin, but you can Click Here to get the list of October contributions. 

The Treasury Committee, Martin C. and me, met twice in October. We continue to look at checks and balances in the way funds are managed.  We expect to have to hire a consultant to help establish standards, unless we are able to find one or more volunteers from the Fellowship who have experience in this area to help us.

Please note that when the corrected financials are available, I will update this report.

Respectfully submitted,

Mary Jo L.

WSO Treasurer

The financials for the month of November show that WSO remains in good financial shape.  Click here for the Balance Sheet to see that even with the expenditure of the website, liquid assets (cash and merchandise in the warehouse) total $295,000.  A year ago that

For the month of September the bottom line on the Profit and Loss Statement shows an increase in Net Income of $14,870.95.  This is partially due to an increase in 7th Tradition contributions.  The specific detail about contributions is shown on the Donations tab below the Treasurer's Report in the menu at the left.

On the Balance Sheet we have moved additional funds into the New Website line to prepare for additional expenses. 

The Treasury Committee met twice in September.  Click here to see minutes from the first meeting.  The second meeting of the month was spent discussing website charges and previous business. 

Respectfully submitted,

Mary Jo L.

WSO Treasurer and Trustee