[Businessmtg] FW: ASP Treasurer Report - October 2024

[Steve Rankin]

Hi Lynne,

Regarding the Liabilities line in the Balance Sheet.  This indicates
liabilities payable in the future.  A Balance Sheet is an instant snap shot
of the assets and liabilities of an organization at a specific point in
time.  If I had made donations to the GEA and WSO during the reporting
period, then those donations would have shown as expenses in the Income and
Expense Statement, and since those funds would have been spent, they would
not show as Assets or Liabilities in the Balance Sheet.

Theoretically, we make donations to the other service entities on a
quarterly basis.  However, in consideration of our declining membership, and
our declining donation receipts (donations were less than expenses in the
first six months of 2024) we did not make any donations to the GEA or WSO in
the reporting period.  As I noted in my report this BM, virtually all of our
current funds in excess of our Prudent Reserve are the result of unusually
generous donations from just six members.

We don't have any placeholders in our finances; at least not at this time.
A placeholder would be an amount placed as a line time for an anticipated
future expense.

As for the District being able to accept donations yet. . . that's a
question that Anne can answer better than I can.  We do know that our DR has
expenses, or should have expenses that the District should take
responsibility for.  For those that weren't aware of it, Angel our District
Rep lives in South Africa while most if not all of the other GRs in the
District live in the USA.  This creates significant difficulties for Angel
to communicate effectively with the GRs in our District.  Personally, I
would like to see the District address this issue head-on so that ASP could
do our part by supporting District 53 financially so that Angel could do her
job.

Love and SERENITY,
Steve



-----Original Message-----
From: Businessmtg On Behalf Of Lynne
Sent: Monday, October 7, 2024 7:25 AM
To: steve at serenitysys.com
Cc: ASP Business <businessmtg at asp-afg.org>
Subject: Re: [Businessmtg] ASP Treasurer Report - October 2024


Steve, thanks so much for this! In the balance sheet on the Liabilities,
have you already made the donations to GEA and WSO of the funds over the
prudent reserve? Or is that a placeholder? How often do you make those
donations? And is the district set up to receive donations yet?

Hugs,
Lynne

On 2024-10-05 20:56, Steve Rankin via Businessmtg wrote:

> Hi folks,
>
> Enclosed is the Treasurer's Report for 2024 Year-to-Date.  PDF copies
> have been forwarded to Lynne for posting to the web site.
> ==========================================
>
> INCOME & EXPENSE STATEMENT
> 2024 Year-to-Date
> January through September
>
> INCOME
> Donations; PayPal                            $ 1,525.46
> Donations; Cash                               $        0.00
> Donations; Check                             $    415.00
> Donations; Money Order                 $        0.00
> Other Income                                   $        0.00
> TOTAL INCOME                            $ 1,940.46
>
> OPERATING EXPENSES
> Server Rent                                       $    891.00
> Zoom                                                $    146.43
> PayPal Fees                                      $      46.25
> PO Box                                             $    170.00
> LLC                                                  $      76.79
> Other Expenses                                $        0.00
> TOTAL OPERATING EXPENSES $ 1,330.47
> NET OPERATING INCOME          $    609.99
>
> ==========================================
>
> BALANCE SHEET - September 30, 2024
> ASSETS
> Sound Checking                          $ 2,160.05
> PayPal                                         $      33.95
> Undeposited Funds
> Cash & checks                         $        0.00
> PayPal transfer in process        $        0.00
> Total Undeposited Funds            $        0.00
> Other Assets                                $        0.00
> TOTAL ASSETS                            $ 2,194.00
> LIABILITIES - OPERATING
> Prudent Reserve                          $ 1,600.00
> Excess over Prudent Reserve      $    594.00
> LIABILITIES - Donations to GEA & WSO
> NET WORTH                        $ 1,600.00
>
> TREASUER'S COMMENTS:
> My report to the July Business Meeting spoke about the decline in
> member donations.  I looked at a number of possible contributing
> factors.  While I couldn't do anything about most of them, I could
> pass the Seventh Tradition basket more often, so I made an executive
> decision to start doing that.  The result has been positive for the
> most part.  However, the more significant explanation for our improved
> flow of donations is that we received donations from six members of
> $100 or more in July and August.  On the other hand, September
> donations were off the pace at just $60 total.  I'll note that my wife
> and I have been on the road wandering around the west in our RV since
> September 6th, and I didn't pass the basket mid-month and we didn't
> receive any donations after September 7th.  More shall be revealed.
>
> Love and SERENITY,
> Steve
> Acting Treasurer
>
> ____________________________
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> contact Lynne, the List Administrator of ASP, at lynne at asp-afg.org
____________________________
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Lynne, the List Administrator of ASP, at lynne at asp-afg.org