Treasurer's Report/Finance Committee: Mark Crawford   

There are some serious problems with the financial picture at the present time.  As you can see from the Balance Sheet we continue to show fewer funds than the previous year.  Because of a decrease in income (donations, grants, membership, etc.) and the additional personnel we are in the present position.

We need consensus on our immediate future.  At that point Cindy, Holly, and I will be able to put a reasonable budget together for the next fiscal year.  It would be nice to have a completed budget by the December meeting, however, I doubt that it will be a reality.  Cindy will need support and guidance as she tries to bring in an additional $75,000 next year.  We will need at least $150,000 from donations, grants, memberships, school fees, special events, etc.  

Bill Pannill will explain the specific details of our approved loan.  As we accept these funds we must be considering ways to repay the debt.

• Over the last year, FHNC account balance has dropped approximately $11,000
• Monthly shortfalls have hurt our account balance.
• We need more accounting help.