August 2018  
Treasurer's Report



Figures are for July 01-April 30, 2018

After our tenth month of the current fiscal year, we are experiencing a typical slow-down.

Our Net Operating Income (NOI), which represents the difference between our current income and our current expenses is positive $21,114, meaning, we have more income than expenses. This represents only a $344 decrease from last month’s results.

Over the past few years, we have been using a calculation to project the direction we are heading. We compare the current period’s income versus the previous year’s income during the same time period, add to that the difference between the current period’s expenses versus the previous year’s expenses during the same period. After arriving at this figure considered the variance, we add or subtract the previous year’s ending NOI. The a projected NOI for the 2017/18 fiscal year is negative $33,544.

However, before becoming alarmed, please note that this is solely a projection and at the end of the day, what matters is the NOI on 06/30/2018. Again, as of 04/30/2018, the NOI was positive $21,114.

We have two more months to go in this fiscal year and we need to ensure our financial commit-ments are received prior to 06/30/2018 and that any expenses for the current year are submit-ted well in advance of that same date.

If you ever have questions about anything mentioned in these reports, please contact me in person or send an email to



Payment Options:‚Äč

Did you know that you can pay your financial commitment with stocks and bonds? A fair number of congregants pay in that manner. We have a financial arrangement with Charles Schwab to sell any donated stocks and bonds and we provide to you information on the price of the securities sold for your tax records. This can be a smart way of funding, especially for stocks that have appreciated. You can contact the person that prepares your taxes for more information on whether this would be advantageous for you. Also, if you have any further questions, please contact me.


Tom Lescoe, Treasurer,