Noah said he would ' hit the financial highlights ' for us today. So this is an interim report with a final full scale performance in October.
In short, we had good revenue growth and stability. Also good liquidity.
Here is a breakdown of the sections, apparently in brief.
Membership: Meal revenue up due to membership so we have a surplus
Charitable fund: Best Bites revenue down, Oktoberfest rev. up slightly, Roses rev. up slightly. Curling Bonspiel same. Bottom line= about the same.
Delivery to programmes under Charitable fund: Community Services: new floor for Argus house will use up the rest of budget.
International Services: slightly over budget due to exchange rate of $.
Vocational Service: some $ remains in budget due to under- spending.
Charitable Donations: under budget as well.
Charitable Foundation: Revenue generation is consistent with previous years. Looks like we have some cash left over and investments are doing OK.
Chris Wood pointed out that the money we make in Katie's year goes toward expenditures in Cayley's upcoming year, and so on and so on.
Also we have too much money in our Membership account but Paul T. will try and sort this out.
And a big thanks goes out from our table to Paul T. who was at the next table and ordered a big plate of greasy succulent onion rings. First he played onion ring Frisbee with us but that was not enough so he ordered us our very own plate. Lord of the Rings ?
