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.

August 2014 Treasurer's Report

For the month of August, there is no change to the Balance Sheet other than the additional income that's reflected on the last line of the Profit and Loss Statement of $11,133.09.  There were no significant changes in the financial picture shown on the P&L Statement other than there were three pay periods in August, which is reflected in the higher than normal amount of wages paid. 

We have discovered that we report our wages for Worker's Compensation purposes in a way that has increased those costs.  Adjustments are being made to decrease the amount paid, which will require more accurate recording of the time Staff members spend either doing office work or warehouse work. 

I traveled to Signal Hill in August with our Secretary, Karen R.  This is something Board members do on at least a yearly basis to do a process audit. 

The Treasury Committee met twice in August.  Click here for a copy of the minutes from those meetings.   

Respectfully submitted,

Mary Jo L.

Treasurer

July 2014 Treasurer's Report

The Balance Sheet for July shows an increase in Net Income of just over $15,000.  This compares to the Net Income one year ago of $7,449. 

The Profit and Loss Statement gives us the information about where the Net Income is derived. There were no remarkable changes this month.  WSO Cost Center Income was down, but so were the expenses in that cost center.  The increase in the Accounting Fees attributed to the WSO Cost Center is due to the cost of filing our tax returns. 

Martin has created a chart that compares the Net Income month over month for the first half of this year. 

Click here to see the Treasury Committee meeting minutes from July 30th. 

Respectfully Submitted,

Mary Jo L.

Treasurer

May 2014 Treasurer's Report

The financials for May are as follows:

The May 2014 Balance Sheet and the Profit and Loss Statement.

Click on the "Donations Received" tab at the left for 7th tradition contributions for May.

In my absence this month, I asked Martin C. to give a report.  Per Martin, "I tend to be interested in year to date figures, rather than details for one month. The P/L figures show both. Some context (around the figures), in (the full year) 2012 our surplus was about $5k. In 2013, our surplus was about $90k.  In the first 5 months of 2014, we have already achieved a surplus of $92k."  

Our increase in revenue is due in large part to sales of the Meditation Book, although sales in general have increased as well. 

Read more: May 2014 Treasurer's Report

June 2014 Treasurer's Report

Summer is officially here and that means our fiscal year is at the midpoint.  Our financials continue to look strong.  The Balance Sheet shows that funds are set aside for the purchase of additional inventory. In July that will include Soft Cover Red Texts and Meditation Books. You can also see under Intangible Assets the amount that has been paid thusfar for the development of our new website. 

Read more: June 2014 Treasurer's Report

April 2014 Financials

On the heals of a very successful Annual Business Conference in Deerfield, IL, hosted by the West Great Lakes Intergroup, I am pleased to commence another year in my role as Treasurer.  And I am also pleased to be able to say that the Treasury Committee is re-doubling our efforts to tackle all things financial for WSO.  Thank you to Allen and Martin for your support and dedication to the Fellowship.  We also had a volunteer at the ABC, Tim from Chicago, who is interested in consulting with us.  Thank you, Tim. 

As we look at the financials for April, the Current Asset section of the Balance Sheet continues to explain the planned allocations of available funds.  Also, note that all approved funds have been used for the development of the new website, which is listed in the Intangible Asset portion.  

Read more: April 2014 Financials