May 2024 Treasurers Report.xlsx

	B	C	E	F	G	H	I
1	NORTHERN LIBERTIES NEIGHBORS ASSOCIATION						Updated 5/12/24
2	Treasurer's Report May 2024 Board Meeting
3	Actual 10/1/23 through 5/1/24 (7 months)
4	Statement of Revenue and Expenses - All Programs and Funds
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6	REVENUE	Actual YTD	Prior YTD	FY Budget	FY Budget	Notes	Explanation
7		10/1/23 - 5/1/24	10/1/22 -5/1/23	2023-24	% to Date
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9	Community Center Ops	48,795	56,342	73,540	66%	Apartments, commercial space & community center rentals	CC Rentals down $6K due to loss of Action Karate, Apartment & Retail rent down due to turnover
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11	NLNA Ops (including ED)	78,282	87,766	154,150	51%	Donations, ED PTSSD, and Misc Income	Donations have increased plus received funds from corporate matching program (1X)
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13	NLNA Events/Projects	49,818	33,279	278,300	18%	All events and projects income	Includes Various PTSSD funds, Plant Sale, Winterfest, Op Santa.
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15	Liberty Land	14,216	6,800	23,200	61%	Dues, user fees, grants, donations, rentals	Tree Recycle and Playground Project income included in events above even though they are allocated to the LL account. Add'l PTSSD in 2024
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17	TOTAL REVENUE	$191,111	$184,187	$529,190	36%
18	EXPENSES					Notes
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20	Community Center Ops	53,003	42,917	81,728	65%	Mortgage, insur, equip, repair & maint, utilities, taxes for physical property	23-24 includes painting of CC and other associated improvements and repairs
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22	NLNA Ops (includes ED)	67,194	46,035	109,300	61%	Admin support, accounting, fundraising expenses, insurance, legal, communications, equipment, food	Current year includes ED plus interim ED and intern (approx $29K) plus system and software expenses.
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24	NLNA Events/Projects	34,672	23,083	256,520	14%	Event and Project Related Expenses	Playground Project design and survey are reflected in the increased expense over last year.
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26	Liberty Lands	27,122	17,512	53,450	51%	Equip rentals, prof services, repair & maint, supp & mat	Trash, repairs, equipment, etc. and repairs (new sheds) Includes $8K snow removal
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28	TOTAL EXPENSES	$181,991	$129,547	$500,998	36%
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30	TOTAL NET INCOME	$9,120	$54,640	$28,192
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32	Notes
33	PTSSD Grant applications increased over previous year
34	Recent events: Winterfest and Plant Sale provided increased revenue versus previous years and at very little out of pocket expense
35	Liberty Lands has been investing in improvements - signage, sheds, improved trash containers etc.
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39	Liberty Lands did incur an $8,000 snow removal charge over last year.
40	Finance creating new tracking sheets to ensure that event funds are transferred more quickly. Will engage with event committee chairs to ensure we are aware of all channels that will be used to collect.
41	Concerned about overall fundraising compared to budget and expenses. Exec Committee will be scheduling a fundraising strategy meeting in the near future.
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