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.

Keep an eye on budget: Advise the MSRT Executive Board of approaching limits.

Annual ActivityFederal 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.

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.

Cash-On-Hand TrendMSRT: Cash-On-Hand (Month-to-Month) Trendline

$80,000$90,000$100,000$110,000$120,000$130,000$140,000$150,000$160,000

Feb-15Feb-14Feb-13Feb-12Feb-11Feb-10Feb-09Feb-08

MSRT: Profit / Loss (Month-to-Month) Trendline

-$20,000

-$15,000

-$10,000

-$5,000

$0

$5,000

$10,000

$15,000

$20,000

$25,000

Feb-15Feb-14Feb-13Feb-12Feb-11Feb-10Feb-09Feb-08

Revenue Summary

MSRT Income 2012-13

Scholars', $465, 0%

Service Revenue,

$13,308, 13%

QCC Donations, $2,597, 3%

Public Svc., $892, 1%

Member Dues, $36,105, 36%

Conf., $48,410, 47%

Expense SummaryMSRT Expenses 2013 -14

Bank Expenses, $95, 0%

QCC Expense, $685, 1%

RT in DC, $953, 1%

Office Expense, $1,848, 2%

Postage, $1,871, 2%

Printing , $2,602, 3%

Seminars, $4,245, 4%

S'ship (QCC), $1,500, 1%

Exec.Board Ops, $1,198, 1%

Public Svc, $1,113, 1%

S'ship (MSRT), $1,000, 1%

Conference, $41,914, 41%

Support Services, $43,751, 42%

ASRT House-of-Delegates, $350, 0%

Misc., $100, 0%

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.

Budget StatusThis 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 ...

New Budget Tool - “Stoplight” Signals

Thank-you for your continued support

We never forget that it’s your money!

The Organization that

Supports your Profession