It is already time for another newsletter and I would like to report on our finances today. It goes without saying that the closure of our studio has impacted our income stream but on the flip side, it has also impacted our expenses.
As of March 31, 2020, our checking account balance is $23,400.19 while our savings account balance is $23,958.66. The updated budget summary has been posted on our website. This summary includes actual numbers for January, February and March as well as monthly budget numbers for the remaining months. Here are some highlights from the budget summary report:
- Educational income is under budget (YTD) by $2646. Total income is under budget by $6028.
- Total expenses are under budget by $304. It should be noted that expenses typically trail income since most invoices or payables are processed in arrears.
I also would like to once more thank all members who took the time to complete our first member survey. We appreciate your feedback and look forward to reopening of the studio so that some of your good ideas can be put into motion. As mentioned in an earlier communication, we are working on several computer program updates that are expected to result in function improvements for members when registering for volunteer and monitor opportunities.
We will also evaluate other suggestions we received to see how they can be implemented, such as social gatherings and other fun activities for members.
Eductaional offerings will be reviewed and popular classes rescheduled as soon as it is feasible. Focus will be on the classes that members have requested, popular classes offered in the past and perhaps some new themed offerings over the summer.
Regarding other helpful comments that have been received, we are currently working on a revision of volunteer hours credited to new members so that new member monitor participation can be enhanced. We would like to remind members members that dues, cubby and class payments can be made on line via PayPal. Yes, the prepaid phone is still in the change box in the studio.
We will keep you posted with newsletter updates and email blases.
Wishing you and yours a healthy, happy Easter -- stay well!