Feb 2024 Treasurers Report.xlsx

	A	B	C	E	F	G	H	I
1		NORTHERN LIBERTIES NEIGHBORS ASSOCIATION						Updated 2/11/24
2		Treasurer's Report February 2024 Board Meeting
3		Actual 10/1/23 through 1/31/24 (4 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 - 1/31/24	10/1/22 - 1/31/23	2023-24	% to Date
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9		Community Center Ops	24,208	34,040	73,540	33%	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)	63,393	63,668	154,150	41%	Donations, ED PTSSD, and Misc Income	Donations last year $13,642, Donational this year $11,435. Run rate for new recurring donations is $631/mo.
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13		NLNA Events/Projects	23,456	16,090	278,300		All events and projects income	Includes Playground Project
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15		Liberty Land	3,448	5,705	23,200	15%	Dues, user fees, grants, donations, rentals	Larger individual donations to LL prior year
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17		TOTAL REVENUE	$114,505	$119,503	$529,190	22%
18		EXPENSES					Notes
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20		Community Center Ops	23,457	17,337	81,728	29%	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)	49,869	15,399	109,300	46%	Admin support, accounting, fundraising expenses, insurance, legal, communications, equipment, food	Current year includes interim ED and intern (approx $29K)
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24		NLNA Events/Projects	14,760	13,092	256,520		Event and Project Related Expenses	Does not include expenses for Fall Fest/Playground 3 events.
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26		Liberty Lands	14,661	8,632	53,450	27%	Equip rentals, prof services, repair & maint, supp & mat	Trash, repairs, equipment, etc. and repairs (new sheds)
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28		TOTAL EXPENSES	$102,747	$54,460	$500,998	21%
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30		TOTAL NET INCOME	$11,758	$65,043	$28,192
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32		Notes
33	1	Revenue on track YTD and similar to last year. CC rentals are down with loss of one major recurring renter. Need to focus on more usage of space to drive income
34	2	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.
35	3	Entered most of the grant expenses but still need to finalize, record and submit Playground expenses (not reflected in costs above).
36	4	Purchased new online version of Quickbooks which will allow us to further break out income and expenses into more detail for tracking, value of events, etc.
37	5	Finalizing FY 22-23 tax and 990 filings. Will be meeting with accountant shortly to finalize details.
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