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MSRT Treasurer ’ s Report

MSRT Treasurer ’ s Report. Reporting on Last FY [July-2013 thru June-2014] Karl Ellison, BS, RT(R). Monthly Activity. Enter deposits/purchase transactions into QuickBooks; reconcile with bank statement. Issue refund checks for: Overpayments of dues, Reimburse expenses, etc.

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MSRT Treasurer ’ s Report

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  1. MSRT Treasurer’s Report Reporting on Last FY [July-2013 thru June-2014] Karl Ellison, BS, RT(R)

  2. Monthly Activity • Enter deposits/purchase transactions into QuickBooks; reconcile with bank statement. • Issue refund checks for: Overpayments of dues, Reimburse expenses, etc. • Keep an eye on budget: Advise the MSRT Executive Board of approaching limits.

  3. Annual Activity • Federal Form-990 to IRS. • State of Massachusetts “Annual Report” AR180. • File a Gaming Permit with the Conference’s town, and a “Winnings Report” to the State. • ASRT’s “Affiliate Subordinate Compliance” Report. • Form 1099-MISC sent to individuals exceeding $600 compensation.

  4. Showing a profit • Last Year’s Conference was profitable. • 1/2-Day Seminars have been profitable. • Some speakers have even donated back their Honorariums. • We always look for Sponsors to pick up the food bill. • Last Fiscal Year we showed an overall $2,400 profit.

  5. Cash-On-Hand Trend

  6. Revenue Summary

  7. Expense Summary

  8. Documented Procedures have been created • A Financial procedure/Policy Manual has been created. It is now the policy of the MSRT to maintain a financial policy and procedures manual, and will be reviewed annually each August. • A copy will be accessible to all Members on our new Website.

  9. Budget Status • This year’s (2014-15) Budget passed with a slight surplus. • Last year we budgeted a slight profit ... • Also this year (2014-15) we’ll received $9,000 from the ASRT through their Financial Assistance program, for PCs, managing our Website, etc. • Budget reviews are conducted during each meeting of the Board of Directors... using a new tool ...

  10. New Budget Tool - “Stoplight” Signals

  11. Thank-you for your continued supportWe never forget that it’s your money! The Organization that Supports your Profession

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