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Newtown Youth and Family Services, Inc.
Treasurers Report FY 10-11 / July & August
Net Income <$20,222.06>
Budgeted Net Income <$17,473.90>
Difference from Budget <$ 2,748.16>
Learned in July that program income was off budget by <$24,000>. Will need to present a revised budget in October.
Income: Year to Date - Compared to Budget <$15,891.16>
Key Reasons:
- Earned revenue difference off <$14,780.99>
- SAGA conversion required a refund of $2,276.26 to the State. Rebill Federal Government. Money recouped in September.
- Budget amount is known to be off.
- Vacations of per diem and part time staff decreased number of sessions.
- Grant income off <$1,533.85>. Corresponding expenses are also absent.
Expense: Year to Date - Compared to Budget <$13,143.00>
Key Reasons:
- Vacations of per diem and part time staff decreased number of sessions.
- Grant income off <$ 1,533.85>. Corresponding expenses are also absent.
- Salary expenses, workers compensation, and other insurances were budgeted incorrectly. Need to be adjusted.
Current Assets |
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1010 · Operating Account |
1,912.96 |
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1040 · Petty cash |
75.00 |
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1070 · Savings & short-term investment |
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1073 · NSB IMMA |
4,046.93 |
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1076 · SBD IMMA |
6,004.18 |
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Total 1070 · Savings & short-term investment |
10,051.11 |
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1080 · Carolines Gift |
32,775.59 |
The credit line was not used in July or August, 2010. |
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