Treasurer Report
March 8, 2016
Financial snapshot:
Total beginning balance of all accounts at start of term (July 2015): 37919.86
Total of all accounts as of March 1, 2016: 60566.47
Holding accounts total in July 2015: 5123.18
Holding accounts total as of March 1, 2016: 8232.98
The budget is updated to reflect total monies in and out as of March 1 2016.
In early February, the biannual North Penn Coordinating Council Financial Report was completed. This
report reflects the categorized cash receipts and monies paid into and out of the Home and School
accounts. The beginning cash balance was reported as 37,426.65 and the ending cash balance at the
time of reporting was 64,158.51. If any individual would like to review said document, they may.
However, more detailed accounts of each dollar figure is placed individually (as opposed to categorically
on the financial reporting form) into the budget provided here tonight and may be viewed there as well.
The tax forms required to be submitted as a non profit entity were also filed. They were furnished to the
IRS, the State of Pennsylvania, to each recipient, and to the Home and School tax file. H&S was required
to furnish 1099 forms to three individuals or companies for services rendered which cost $600 or more.
Filing 1099 forms also requires us to furnish a 1096 form to the IRS as well, which is a summary of the
total amount paid out to individuals who received a 1099 form. The total monies paid in the whole of
2015 as reflected on the 1096 form was $14988.00. These forms are also available for review.
Recent proceeds or expenses from events:
Iron Hill Dine out program: +168.89
Inline skate night #2 and 3: +556 and 280, respectively
Holiday Shoppe: +1357.71
Winter celebration: +1000 (will be give or take 100 depending on a reimbursement)
Boxtops: +885.40
Turnkey Clothing drive in Jan/Feb: +222.56
Target rebate program: +967.86
Bingo night: +331.59 (this was a profitable social)
Thank you to the following chairs who headed up these profitable events: Melissa Flowers, Lori Lynch,
Melanie Catanese, Jenae Kurtz, Resa Pinckney, Patrice Stagliano, and Amy Agriss. Thank you also to all
of the parents who assisted these chairs at the events!
There have been two mini-grants paid out thus far in the school year and there is one pending.
Minigrant #1: chick hatching program for 2nd grade $237.50
Minigrant #2: BrainPop program for 2nd grade $160.00
Pending: balance ball and ring stands for one first grade classroom
There remains $2762.50 in the minigrant fund (pending grant will drop this a bit, of course)
Library monies were requested and transferred to the library holding account in the amount of $1250.00
per budget line item voted in during September meeting. This brings Mrs. Burke’s total in holding up to
$1652.80. She will be purchasing new books and materials for the library with these funds.
As outlined in the bylaws, it is recommended that a committee of volunteers form in order to insure
proper procedural adherence and to double check accounting and bank statements. As always, I
cordially and openly request that any committee or person who would like to review the current
Treasurer records to please do so. Open review of this sort promotes transparency and is welcomed.
As always, I thank the Home and School board for their support and also thank all of the committee
chairs for their time and organizational efforts. Thank you to all of the parents at NWE who get involved
in H&S activities in any way. Thank you for allowing me to serve as Treasurer this school year.
Respectfully,
Kiimberley Crouthamel-Smith