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.

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

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

November's Treasurer Report

There were no unusual items to point out in the financials for the month of November.  When comparing this month's Profit and Loss Statement with October, there was an approximate $4,000 increase in net income, due to increased literature sales and decreased overhead/salaries. Note that there are two cost centers shown - one for the Distribution Center and one for the Admin Cost Center. 

Read more: November's Treasurer Report

December's Treasurer's Report

December shows very positive financial numbers.  The Profit & Loss Statement tells us that there was an overall Net Income of over $12,000.  This one month's figure is more than twice as much as at the end of the year 2012.  We have made significant strides in cost cutting and streamlining things on the processing end. 

Read more: December's Treasurer's Report

October 2013 Treasurer's Report

While it would be clever to be able to start this month’s report with something witty and different, finance is finance. And you just want the facts.

The Profit and Loss Statement shows most of those facts. As you read it, keep in mind that we have two cost centers and the true bottom line is on Line 116. We made this change in August to help us determine the profitability of the Distribution Center, which helps us know where we need to make improvements in efficiency. We have a decrease in Staff as of October 20th, and although it isn’t as apparent this month, we should start seeing a definite decrease in salary expenses.  Note: The Piecharts show a visual of the combined income and expenses for both cost centers.

Read more: October 2013 Treasurer's Report