December 8, 2008

Subject: Treasurer’s Report for Council Meeting of December 2008

Attachments: P &L Summary

P & L Performance Report

P & L Prev Year Comparison

Balance Sheet Prev Year Comparison

1. Summary. November was a pretty good month. Income exceeded expenses by about $2,000, reducing our year to date deficit to a little over $30,000.

2. Income. Year-to-date income is still running 10% less than Budget, $43,871 less than planned.. It is very close to last year’s income at the end of November: $439,418.

3. Expenses. Year-to-date spending continues higher than in previous years’, but within Budget 2008.

4. We expect to end the year with a $25,000 deficit.

Bob Winters

Treasurer