April 2024 Treasurers Report.xlsx

	A	B	C	E	F	G	H	I
1		NORTHERN LIBERTIES NEIGHBORS ASSOCIATION						Updated 4/2/24
2		Treasurer's Report April 2024 Board Meeting
3		Actual 10/1/23 through 4/2/24 (6 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 - 3/1/24	10/1/22 -3/1/23	2023-24	% to Date
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9		Community Center Ops	34,701	43,447	73,540	47%	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)	71,274	60,592	154,150	46%	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	33,810	22,863	278,300	12%	All events and projects income	Includes Playground Project of $16K. Budget assumed $75K in corporate donations; $0 received
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15		Liberty Land	4,622	5,943	23,200	20%	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
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17		TOTAL REVENUE	$144,407	$132,845	$529,190	27%
18		EXPENSES					Notes
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20		Community Center Ops	41,339	36,745	81,728	51%	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)	55,554	31,813	109,300	51%	Admin support, accounting, fundraising expenses, insurance, legal, communications, equipment, food	Current year includes ED plus interim ED and intern (approx $29K)
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24		NLNA Events/Projects	28,583	19,617	256,520	11%	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	23,798	12,840	53,450	45%	Equip rentals, prof services, repair & maint, supp & mat	Trash, repairs, equipment, etc. and repairs (new sheds)
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28		TOTAL EXPENSES	$149,274	$101,015	$500,998	30%
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30		TOTAL NET INCOME	($4,867)	$31,830	$28,192
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32		Notes
33	1	Revenue is up slightly due to prior year due to more recurring individual donations and more income from Fall Fest and Winterfest events.
34	2. Year to date we are showing a net loss. This is primarily due to expense for ED and Interim ED compared to the PTSSD grant of $50k coupled with higher maintenance at the community center and Liberty Lands
35	3	Liberty Lands Revenue only at 20% of budget at 6 month mark. Summer rents should help drive more revenue towards goal.
36	4	Donation budget from larger corporate donors is $75K. Several have committed funds verbally but have not donated yet. Need to focus on this segment in order to cover cost of staff plus any costs for new initiative.
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