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.

October 2014 Treasurer's Report

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.  UPDATE: Final P&L Statement and Balance Sheet.

Read more: October 2014 Treasurer's Report

September 2014 Treasurer's Report

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

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.


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.


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