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Board Minutes March 2011: Difference between revisions
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=== Treasurer === | === Treasurer === | ||
Attached is this month's financial report. I don't have a lot to say about the monthly report. Our casino money arrived, almost exactly the same amount as last time. Advertising expenses were a little higher in preparation for the art auction. Employee expenses were below budget, this is because Alex's week off at the end of January hit the books this month (this is a mistake, it should have shown up in January, but I miscalculated). | |||
YTD, our spending is still a bit high, mostly due to an unexpectedly large amount of inventory purchased over the winter. | |||
A summary of the art auction results is also attached. One expense is still missing - any cost of processing credit cards that EGS passes on to us. It shouldn't be more than $10-$12. The bank charge already showing is for payments sent through Paypal. It was an amazing event, and did turn a profit. In terms of record keeping, there was significantly more money at the end of the night than was accounted for on the cash sheets. If we do it again, I think we should put some more thought into how we're going to track money on the night. | |||
The substantial amount of employee time involved did reduce the profit significantly, so the bottom line is only $372.40. However, another way to look at it is an event that substantially subsidized the cost of keeping permanent staff over the winter, while providing a highly visible event that brought out a lot of people that we don't see too often anymore. | |||
As always, let me know if you have any questions. | |||
[[File:EBC Financial Report - February 2011.xls]] | |||
== New Business == | == New Business == | ||