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.

Treasurer's Report and Finance Committee Report - October 2016

The final financial documents for the month fo October were delayed because of the Board Strategic Planning meeting and all efforts surrounding it.  They are posted below. 

There was a net loss on the P&L because of the transition of some of the WSO fulfillment operation to another facility in Illinois.  Some of the materials were not available for several weeks. 

If you have any questions, please send an email to treasurer@adultchildren.org  or you can ask questions at the end of the next Board teleconference.

Click here for the October 2016 Balance Sheet

Click here for the October 2016 Profit and Loss Statement

 FINANCE COMMITTEE

Read more: Treasurer's Report and Finance Committee Report - October 2016

Treasurer's Report and Finance Committee - September 2016

TREASURER'S REPORT

The monthly financials for September 2016 are as follows:

  • Balance Sheet (click here) - remains largely unchanged. WSO total assets are $648,753, which include cash assets, inventory on hand and down payments to vendors, etc., and intangible assets such as the website. 
  • Profit and Loss Statement (click here)- there was a net income of $13,152, which is average for this year thusfar. The Distribution Center is out of some inventory again, which will be discussed in the Office Report. 
  • A specific breakdown of 7th Tradition Contributions under that tab in the Repository menu. 

FINANCE COMMITTEE REPORT

Members:  Jeffrey F., Melani M., Mary Jo L.

Read more: Treasurer's Report and Finance Committee - September 2016

Treasurer's Report and Finance Committee Report - July 2016

TREASURER’S REPORT 

Click here to see the Profit and Loss Statement for the month of July, which shows a net loss in income of $9,176. This was due primarily to being out of stock on the Laundry Lists Workbook, having 3 payroll periods during the month, having a delayed billing from one of our vendors that should have partly shown up in June, and having additional payments for a temporary staff worker longer than originally expected.  But the financial picture is not bleak by any means.  We are just under $24,000 ahead of Year-to-Date income from last year at this time.  This extra income is part of what is enabling WSO to hire a General Manager who will help us ensure continued growth. 

The 7th Tradition contributions are shown in the Donations sub-tab under Treasurer in the Repository.  The July total was $4,786, which is actually $500 less than a year ago. 

Click here to see the Balance Sheet for July. 

FINANCE COMMITTEE REPORT  Members Bill D., Jeffrey F., Melani M., and Mary Jo L., Treasurer

The Finance Committee has been working on a number of items, including a revision of the Fiscal Policy section of the OPPM, which will be presented to the Board shortly; funding for the hire of a General Manager and additional staff; figuring profit margins on products to determine if any adjustments have to be made when we sell through Ware-Pak fulfillment due to pick charges and SKU charges; the sale of literature on Amazon UK; and forming an Audit Committee and hiring an outside auditor. 

If anyone is interested in joining this committee, we’d be glad to have you.  Please send an email to Treasurer@adultchildren.org

Respectfully submitted,

Mary Jo L.

ACA WSO Treasurer

Treasurer's Report and Finance Committee Report - August 2016

TREASURER'S REPORT

The monthly financials for August 2016 are as follows:

  • Balance Sheet (click here) - remains largely unchanged. WSO total assets are $634,677, which include cash assets, inventory on hand and down payments to vendors, furniture and equipment, and intangible assets such as the website. 
  • Profit and Loss Statement (click here)- there was a net income of $32,781, which was due to a number of factors, including a "catch up" in sales because the Distribution Center was out of some inventory in July.  A specific breakdown of 7th Tradition Contributions is included in the tab below the Treasurer's Report in the left margin of this Repository. 

FINANCE COMMITTEE REPORT

Members:  Jeffrey F., Melani M., Mary Jo L.

Read more: Treasurer's Report and Finance Committee Report - August 2016

Treasurer's Report and Finance Committee Report - June 2016

TREASURER'S REPORT:

The financials for June are fairly straightforward.  Click here to see the Balance Sheet.

The Profit and Loss Statement is missing our Accountant's fees, which should adjust the Net Income down. 

For a list of 7th Tradition contributions, which totaled $4,195 for June, click on the Donations tab under the Treasurer's Report menu item. 

FINANCE COMMITTEE REPORT:  Members Bill D., Jeffrey F., Melani M., and Mary Jo L., Treasurer

Read more: Treasurer's Report and Finance Committee Report - June 2016