FY16 March Treasurer's Report

Chuck Peterson, Treasurer
 
This report covers the FY16 February financials.
 
Statement of Activities (P&L)
 

• Continuing to keep expenses down where possible
• Ticket revenue is now best tracked on the Box Office report in Carly’s reporting.
• For this month, the Actual on ticket revenue is higher than budget because of the release of season ticket revenue from deferred revenue.

 
Balance Sheet (Statement of Positon)
 

• Cash is at $53,886. Mary is keeping cash for two paydays in cash on hand.
• Current cash flow projections are tight through April and May until some major foundation gifts come through.
• Under Liabilities, deferred revenue from our fall and Christmas concerts has been released (clean up from previous accountant)
• Under Restricted Net Assets, funds have been released for activities completed for the MSAB grants.
• The Temporarily Restricted Asset item of $33,357 is comprised of:
  • $7,062 for the FY15 MSAB Access grant (satisfied in April 2016)
  • $6,106 for the FY16 MSAB Touring grant (satisfied in March 2016)
  • $20,288 for the MSAB Cultural Heritage Grant (a part of our operating support) (satisfied in July 2016)