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.

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

Treasurer's Report for the 2014 ACA WSO Annual Business Conference

I had the honor of being elected WSO Treasurer at the 2013 ABC in Denmark. At the same time, a Treasury Committee was formed to help broaden the perspective of the Treasurer role.

Committee Members:

  • Allen C., WSO Trustee elected at the 2013 ABC, from Oklahoma City
  • Martin C., ACA Member from the UK
  • Luke J., ACA Member from New York, was added in May 2013 and participated through early September

We meet via Skype and with few exceptions, we’ve met twice per month since June 2013.

Mission Statement:

The mission of the Treasury Committee is to inventory the financial state of the WSO on an ongoing basis while maintaining transparency. In doing so, all financially-related processes are examined and suggestions are made to the WSO Board. All tasks are done with the primary purpose of keeping the fellowship financially stable and healthy so that the message continues to be carried to ACAs throughout the world.

Read more: Treasurer's Report for the 2014 ACA WSO Annual Business Conference

February Treasurer's Report

Because our expenses were not as great in February, the Balance Sheet this month shows that our Net Assets increased about $30,000 over January. (This is explained in the next paragraph.) Something that does not change the Balance Sheet bottom line is payments for the new Website development. No payments were made in February as we didn't receive the Web Developer's invoice before the end of the month. However, two payments will be made in March. But as I noted last month, when these payments are made, the decrease from that account under Savings in Current Assets shows up as an increase in the Fixed Asset account for the website. 

Read more: February Treasurer's Report

March 2014 Financials

As I am recovering from wrist surgery and preparing for the ABC, my report for April is brief.   

Click on each financial statement below to see the numbers. Overall, the Distribution Center is exceeding expectations for this time of year.  And available funds are designated for future expenditures. 

Balance Sheet

Profit and Loss Statement

Graphs

Respectfully submitted,

Mary Jo L.

ACA WSO Treasurer

January Treasurer's Report

The Balance Sheet explains how the fellowship's funds are earmarked. We're starting to see the flow of those funds for the development of the new Website. As payments are made, the value is capitalized as an asset, with an already accompanying depreciation for tax purposes.

Read more: January Treasurer's Report