I've reported on the last frag swap several times so I thought that was set. It was break even --- a perfect money in = money out within less than a dollar.
The bank balance is not so simple because we're finalizing and settling out the St. Jude contract. We're donating back to St. Jude what has not been spent on the tanks and we have to break out all expenditures between what is St. Jude and what is club related. Once that's settled, it will be simple to say what we have and what we can spend. There are some proposals to be presented at the next meeting that hopefully will close all that out completely and make things easier going forward.
Once it is only club money in the account, there is no reason that we shouldn't have a financial reporting at each meeting. The other thing to remember is that we're at the end of this fiscal year and most of the memberships are up for renewal. September (the frag swap) is a time that there should be plenty of funds available, but if the frag swap does less than break even it will impact the giveaways at the Christmas meeting. It all evens out. We're a non-profit club and not trying to accumulate $.
I apologize if anyone feels that they've not gotten the financial information they feel they should have. I only got full access to the bank account a few months ago so it was hard to function as treasurer for most of the year I have in that role.
Whoever is in this position, it's important to remember that the Treasurer should just keep track of the money and write checks, not say okay or not for what money is spent. The CLUB needs to approve every expense. We should probably set up some policies as to what the club feels that just officers can approve to keep bills paid and what expenses should be voted on at meetings.
Thanks for ALL you do for the swap, Malissa! We couldn't do it without you. Please bring what you want to spend at the next meeting and I'll bring full financial reports and we can figure out what we have to work with.
Things are pretty well organized now so it would be easy for whomever wants to take over the Treasurer job to take it from here. All of the membership is on a software program so it would be easy to manage for someone who has more time than I have to work with it. I'll certainly help transition anyone who is willing to take it on.
Any Treasurer volunteers???? Please?????