Treasurer’s Report Prepared by: Mary Ruff Presented by: Norene Boykin

Statements of Financial Position 2017 2016 Current Assets Cash 281,646 224,161 Accounts receivable 50,000 Inventory 78,816 99,668 Investments 121,897 165,154 Prepaid Expenses 6,324 4,499 Total Current Assets 538,683 493,482 Property & Equipment 13,157 13,146 Total Assets 551,840 506,628 Cash: We purposely put our money into cash expecting a large loss last year which did not happen. Reasons for savings: A big fund-raising push was planned but postponed. ($20,000) The Finance admin worked only 4 months which saved about $10,000. The Nature store was able to reduce payroll expenses because the new co-managers often worked alone without additional staff and because Dwayne and Marj Longenbough volunteered for a month during the transition between managers. ($24,000) Goal this year is to develop an investment strategy and reinvest. Acct Receivable: $40,000 expected from estate of Marla Davis and $10,000 pledged by Watermolen foundation. Inventory: Store is doing a good job with maintaining sales with a lower inventory.

Revenue Program Income: Store is a program. (Only if asked, Refuge wants store. Friends help refuge by running store.) In-Kind donations: Mostly rent free use of store location and friend’s house from refuge. Events income: FOC and Photo Intensives. Why did we change fiscal year? Evens out staff work load—moved to slower season from busiest just before festival. Store holds physical inventory at end of FY and inventory should be low. This was also just before FOC when they should be stocking up. More of FOC income and expenses fall within the same FY. *Friends changed fiscal year from Oct 1st to April 1st. This led to filing taxes for a short year.

Expenses 2016/2017 was a building year. Money was spent on a new web site.

Questions?