November ‘09 WFPA Board Meeting

Treasurer’s Report

 

Current Accounts Summary:

 

                                                                            

   Last Month This Month Change

Checking

$4,844

$2,912

$(1,932)

Savings

$101,252

$101,275

$23

Total

$106,096

$104,187

$(1,909)

 

 

 

Monthly Comparisons

Year to Date Comparisons

 

Budget

Actual

Actual

Budget

Actual

Actual

 

Oct. ‘09

Oct. ‘09

Oct. ‘08

Oct. “09

Oct. ‘09

Oct. ‘08

Revenues

$5,440

$6,519

$18,348

$57,137

$56,743

$53,611

Expenses

$9,787

$7,891

$2,358

$79,804

$76,233

$38,211

Net Income

-$4,547

-$1,391

$15,991

-$22,667

-$19,489

$15,400

 

Notes:

 

  1. October a very soft revenue month of $6,519, without Pancake Breakfast related revenues (date fell on 10-31, deposits were recorded in November), and dues collected of only $1,755.  Remaining revenues were related to the EMS Truck Fund ($2,650), or non-recurring schlorship and Bannie Fire payments (from the state of Arizona).
  2. Net $1,909 decline in the chase balances reports the October loss and some incidental payments.     
  3. YTD EMS fund donations totalled $6,990.  Including those special purpose donations, WFPA revenues were within $394 of the same YTD period last year.      
  4. Primary drivers of the $38,022 in higher interim expenses at 10-09 are the Arts and Crafts Show expenses ($19,668 net of other fundraising expenses), legal ($10,244 difference),  turnout expense ($7,946), vehicle repair ($4,519) and payroll expenses ($4,345 due to extension of severity patrol). Lower expense payouts for insurance ($3,781 deferred to 2-10) and medical equipment/supply expenses ($1,709), were recorded.

 

Material Financial Activity for October 2009

 

Income:

Donations                              $     1,755

Scholorship                            $        350

State of Arizona                    $     1,502

Pancake Breakfast               $            0       

EMS Donations                     $     2,650

Total                                        $     6,519

 

 

 

 

 

 

Expenses:

Equip & Repairs                   $        554      

Legal Services                      $     4,142      

Payroll                                    $     1,258       Continued Severity payroll and taxes

Utilities & Communications $     1,003       Qwest, APS and communications

Medical                                  $        327

Other                                       $        607      

Total Expenses                     $     7,891      

 

 

Other Financial Activities/Discussion:

  • EMS special fund has collections of $6,990 through EOM October.   
  • WFPA semi-annual dues drive began mid October with the mailing of over 670 dues requests directed to those that had not yet submitted 2009 dues. Annual dues is significantly behind 2008 with collections of $8,955 collected at 10-09 versus $25,885 for the same period last year.