January 2021 Financial Snapshot

Cash Flow – Operating Fund as of 12/31/20

Income YTD:     $1,284,489       1,360,122
Expenses YTD:  $1,196,674       1,360,122
Surplus/(Deficit) YTD:         $87,815                 —

Notes from the treasurer:

  • Contributions ended the year about $30k less than 2019 and $75k underi budget.
  • Committees tended to underspend budgets in 2020. 
  • The 2020 year ended with a positive change in net assets of about $87k before the reduction of net assets as part of spending the 2019 surplus. If Derry had been fully staffed for the entire year, we would have been at about break-even instead.