MSRT Treasurer ’ s Report Reporting on Last FY [July-2013 thru June-2014] Karl Ellison, BS, RT(R)

Monthly Activity Enter deposits/purchase transactions into QuickBooks; reconcile with bank statement. Issue refund checks for: Overpayments of dues, Reimburse expenses, etc. Keep an eye on budget: Advise the MSRT Executive Board of approaching limits.

Annual Activity Federal Form-990 to IRS. State of Massachusetts “ Annual Report ” AR180. File a Gaming Permit with the Conference ’ s town, and a “ Winnings Report ” to the State. ASRT ’ s “ Affiliate Subordinate Compliance ” Report. Form 1099-MISC sent to individuals exceeding $600 compensation.

Showing a profit Last Year ’ s Conference was profitable. 1/2-Day Seminars have been profitable. Some speakers have even donated back their Honorariums. We always look for Sponsors to pick up the food bill. Last Fiscal Year we showed an overall $2,400 profit.

Cash-On-Hand Trend

Revenue Summary

Expense Summary

Documented Procedures have been created A Financial procedure/Policy Manual has been created. It is now the policy of the MSRT to maintain a financial policy and procedures manual, and will be reviewed annually each August. A copy will be accessible to all Members on our new Website.

Budget Status This year ’ s ( ) Budget passed with a slight surplus. Last year we budgeted a slight profit... Also this year ( ) we ’ ll received $9,000 from the ASRT through their Financial Assistance program, for PCs, managing our Website, etc. Budget reviews are conducted during each meeting of the Board of Directors... using a new tool...

New Budget Tool - “ Stoplight ” Signals

Thank-you for your continued support We never forget that it ’ s your money! The Organization that Supports your Profession