Financial records · March 15, 2017
Year-end 2016 and early 2017 Treasurer highlights
Reports 2016 results, partial first-quarter 2017 figures and investment reallocation still pending.
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 - Mar 15, 2017 Business Meeting (Ceman)
2016 End of Year Financial highlights (see spreadsheet for details)
- Final Yearend Revenues were within 1% Plan/Budget with some "pluses and minuses" in specific revenue areas, e.g., Monthly Sales down, Membership up, Donations up, Bookstore Sales up, Donations up, Internet Sales down
- Final Yearend Expenses were well below Plan (down ~45%)
- Overall Operating Balance increased ~30% at 2015 Yearend)
2017 1st Qtr Financial highlights (partial, see spreadsheet for details)
- Limited (2.5 months) Revenue and Expense data to date
- Revenues are currently ~25% lower than Plan
- Expenses are very much below Plan (< 5% of Plan to date)
Internet Sales
- 2016 Internet Sales within ~10% of Plan at yearend; 1st QTR 2017 Internet Sales are currently above than plan for 1st Quarter
Miscellaneous Items
- Following Nov 2016 meeting and additional discussions with Library Manager, 2017 Financial Plan/Budget was revised; future revisions will most likely be necessary due to pending Bard Street closure and relocation of FOL Bookstore; significant Operations impacts and Revenue impacts are expected
Continuing Business
HB FOL Investment Portfolio
- Long term Investment Account Asset Balance increased ~2% during 2016. The planned re-investment of some of the FOL assets was previously postponed due to ongoing Market volatility/ uncertainty. A reallocation of assets into a combination of long-term growth and mid term growth funds is pending.
Handwritten notes
• (top right) TO FILE
Show the original machine reading
Source scan page 6
TO FILE Treasurer's Report - Mar 15, 2017 Business Meeting (Ceman) 2016 End of Year Financial highlights (see spreadsheet for details) ? Final Yearend Revenues were within 1% Plan/Budget with some "pluses and minuses" in specific revenue areas, e.g., Monthly Sales down, Membership up, Donations up, Bookstore Sales up, Donations up, Internet Sales down ? Final Yearend Expenses were well below Plan (down ~45%) ?Overall Operating Balance increased ~30% at 2015 Yearend) 2017 1* Qtr Financial highlights (partial, see spreadsheet for details) ? Limited (2.5 months) Revenue and Expense data to date ? Revenues are currently ~25% lower than Plan ? Expenses are very much below Plan (< 5% of Plan to date) Internet Sales ? 2016 Internet Sales within ~10% of Plan at yearend; 1* QTR 2017 Internet Sales are currently above than plan for 15* Quarter Miscellaneous Items ? Following Nov 2016 meeting and additional discussions with Library Manager, 2017 Financial Plan/Budget was revised; future revisions will most likely be necessary due to pending Bard Street closure and relocation of FOL Bookstore; significant Operations impacts and Revenue impacts are expected Continuing Business HB FOL Investment Portfolio ? Long term Investment Account Asset Balance increased ~2% during 2016. The planned re-investment of some of the FOL assets was previously postponed due to ongoing Market volatility/ uncertainty. A reallocation of assets into a combination of long-term growth and mid term growth funds is pending.