This is the first report of what the Finance Committee plans to be a quarterly event. Our fiscal year runs from July 1 to June 30th, and this statement covers up to March 30th.

There has been no unusual income or expenses this quarter. Our income from pledges so far this year is $174,875 which is 82.7 percent of the budgeted figure. Since we are just 75 percent of the way through the year we are doing well. If we consider total income we are at 74.4 percent ($197.213) of the budgeted figure.

Our expenses so far are $175,416 of which $3,300 has gone to beef up our reserve accounts. So, barring some large unforeseen expense we will likely finish the year with a small surplus.

It is my aim to bring you this financial update before the end of the month following the end of the quarter.

John Limb,
Treasurer