Financial records · July 16, 2014
Second-quarter Treasurer highlights and Fidelity application
Describes results, adult reading program costs and a Fidelity account application still awaiting incorporation documents. An annotation carries a later date than the report.
Text
Transcribed from the scans and checked against them by Claude. Typed text comes first; handwritten notes follow it. [illegible] marks words that cannot be read and [?] an uncertain reading.
Treasurer's Report – Jul 16, 2014 Business Meeting (Ceman)
2014 2Qtr Financial highlights
- Revenues ~6% below Plan/Budget for first two quarters
- Expenses ~15% above Plan/Budget for first two quarters
o Includes Summer Reading Program costs (ahead of schedule) and additional Adult Reading Program ($500 program & prizes)
o Adult and Children's Books much less than budgeted to date (note; preliminary 4th Qtr ledger entries show some catchup)
Internet Sales
- Sales for first two quarters slightly greater than Plan/ Budget ($2983 YTD)
Miscellaneous Items
- 2013 Tax Returns completed and submitted in May
- 2014 Charitable Org Registration completed, form and fee submitted in May to CA Attorney General office (7/14/15 Update - $25 fee returned because our revenues did not exceed $25000 for 2013)
Old Business
HB FOL Investment Accounts
- Researched options for investing and managing Investment Accounts. Discussed findings with Board members (via email) and Board agreed to move accounts from Morgan Stanley brokerage to Fidelity. Transfer process almost complete, only one remaining action (Fidelity requested a copy of original HB FOL Articles of Corporation and Bylaws)
Handwritten notes
• (top right) Copy for Secretary
• (above "much less than", scribbled out) Greater
• (above "budgeted", with caret) on
• ("much less than" and the "ed" of "budgeted" scribbled out; "(note; preliminary 4th Qtr ledger entries show some catchup)" struck through)
• (right margin, beside the struck-through note) free[?]
• (circled) Fidelity
Show the original machine reading
Source scan page 15
copy for Secreteng Treasurer's Report - Jul 16, 2014 Business Meeting (Ceman) 2014 2Qtr Financial highlights ? Revenues ~6% below Plan/Budget for first two quarters ? Expenses ~15% above Plan/Budget for first two quarters o Includes Summer Reading Program costs (ahead of schedule) and additional Adult Reading Program ($500 program & prizes) ? Adult and Children's Books Fuchleathen budgeted to date frote, sne preliminary 4th Qtr ledger entries strow some catchup) Internet Sales ? Sales for first two quarters slightly greater than Plan/ Budget ($2983 YTD) Miscellaneous Items ? 2013 Tax Returns completed and submitted in May ? 2014 Charitable Org Registration completed, form and fee submitted in May to CA Attorney General office (7/14/15 Update - $25 fee returned because our revenues did not exceed $25000 for 2013) Old Business HB FOL Investment Accounts ? Researched options for investing and managing Investment Accounts. Discussed findings with Board members (via email) and Board agreed to move accounts from Morgan Stanley brokerage to Fidelity. Transfer process almost complete, only one remaining action (Fidelity requested a copy of original HB FOL Articles of Corporation and Bylaws)