Thursday, December 07, 2006

Financials

The Pip rambled yesterday, (a failing!) here is a more concise recap:
In August 2005 a BAKG “Financial Report” indicates
.....1--BAKG has net income for year (over $1000)
.....2- BAKG checking account balance is $20,270.00
New “Financial Report” (dated November 2006) indicates
.....1- BAKG Checking account in January 2006 was $13,829.00
.........(this is $6441 less than it was 4 months previously)
.....2-Current (NOVEMBER) balance is (allegedly) $18,852.00
.....3-- Income for BAKG this year is (allegedly) $5,023

This is HIGHEST ON RECORD (from fewest members in a long time!)
by a factor of 3
(on average previous income was over $1,000, but well under $1,500)

Where was this income 'generated'?

The Retreat?
In March, at Board meeting Madam President stated:
The response to retreat was Very LOW (25 member/non members participating)
And RETREAT MIGHT OPPERATE AT LOSS

In May, Madam President, at May General meeting, announced
“THE RETREAT BROKE EVEN”

In November, the Financial Report shows $3, 271 PROFIT
.

(Which number/statement are we to believe?
.....March (a loss,)
..........May (break even) or
................November (after the pip has been squeeking) $3,271 profit?

A profit figure I might add, that is the major part of the $5,023 “INCOME“ the guild allegedly had this year.
A profit figure that “restores" a good part of the UNEXPLAINED $6000 loss of 2005.

But are we going to have another sudden, unexplained loss in December?

Maybe.
On November 1st Madam President shared a preliminary treasurers report with some members, (not the PIP, but at least 3 others) and showed a checking account balance of $20,XXX.00 (the X were low numbers, but not remembered, About $20,000 was what was remembered)
On November 30, (“FINANCIAL REPORT”) the checking account balance is $18,852.00
What happened to $1,200 in 1 month?
Are there going to be more loses when we are not looking, they way there were last year, when we lost $6000 + last year?

You can look in the "Financial Report" some anwers, but there aren't answers to be found.

Or from the Membership?
Dues are $25. There are expenses to run a the guild:
......Membership card
......Meeting Notices to be printed and mailed
.....CityPurls to be printed and mailed
.....Meeting room fees

Let’s say that basic expenses (minus the room fee) are about $21
........-that could be too high, but it’s not too low
........--but what ever the expenses are,
.......they should be shown!
Let’s say the room fee is $75 (Madam President used that number last year!)
If we pay for a room fee 7 times a year, we need $525 from membership dues.

If each member (via the dues) is contributing $4 to room,
we need 132 members to cover room cost ($525 /$4= 131.25)
So with 132 members, we meet our basic members cost for the year.

If we have more than 132 members (and we do) then, after paying for a room,
the $4 goes to pay for Members Program’s.

If we have more than 264 members (2 X132)
then we have $525 (from first 132 members) to pay Room fee.
And another $525 available for speakers, from the next 132 members.

If there are more than 264 members, there is more money.
Income from dues is pegged a $5,592.
Divide that by $25, and it shows
About 223 members.

But the financial report shows (in Membership subtotal),
that there was $1,458 INCOME from membership and auction
Ok, the auction did raise $905--
But this still shows ($1,458-$905 = $553 of INCOME just from membership)
(again that figure is SIGNIFICANTLY higher than previous years.)

Check above and its shows Members dues are providing $553 (from 223 members!)
And that’s after we pay for the Room Fee!

That’s way more income than we have ever gotten from membership dues.

(And remember, postage went up this year, so the basic costs of mailing meeting notices and the CityPurls is higher this year than last!)

That is an amazing accomplishment, isn’t it?
(or is it a lie?)
Maybe there really isn’t $1,458 Income available.

(and curiously enough, the membership chair puts membership closer to 300, --so the “income” from dues seems to be about $1875 (75 members X $25 dues) short!)

Do Madam President and Madam Treasurer belong to the Ken LAY (Enron) school of accounting, where LOSS can be counted as profits? And income is there to be skimmed?
Where this PIP has to ask, is the almost $2000 in missing ‘Dues‘?

And you have to ask, why isn’t membership income being used to provide members programs?
The programs this year have been pretty sparse.

I love Nicki Epstein, but how much should we be paying her to promote her newest book?
Same with Linda Skolnik and Janice MacDaniels, (they, too, were promoting their book.)
And did we pay Nancy Thomas to give, what was in effect, a trunk show of Tahki/Stacy Charles line of yarns and promote a book to use these yarns?
(no yarns were available at discount.. If you want these yarns, please proceed to nearest LYS and pay full price.)
The other meeting where "share the talent" programs, and the presentors were not comp'd for their effort.

Or the Workshops?
In spite of rather high expenses (un accounted for expenses) for the workshops, they too are showing a tidy profit this year. (unlike last year)
But at the November general meeting, Madam president announce that the November workshop was going to be run at a loss.

Exactly how many people attended Arlene Mintzer’s workshop?
And how many people attended Tatyana Mirer’s workshop?
And how many people PRE PAID(before Dec 2nd) to attend Nicki Epstein’s workshop?

Is the $900 of income shown on the “Financial Report“ for 3 workshops, or for 2?
Are the “Costs” show for 3 workshops? Or for 2?

Who knows? And the Financial Report doesn’t say either.

Who is behind all these "intereting numbers"?
The Current Acting/Interim/Quasi treasure was the “OFFICIAL, ELECTED” treasurer in 2005. But there are no detail about how we went from having $1000+ “INCOME” in August of 2005 to have a $6.441 loss by December 31st.
(its one of the great unsolved mysteries of our time!)

And if someone actually looked at the BAKG checking account balance, what number would be there?
$18,852? (November Financial Report )
$20,xxx? (allegedly what was there in November 2006)
$13,829? (what was there in January of 2006)
Or some other number? (guess!)

Copies of the August 2005 Financial Report can be seen
Here.
For a copy of the November 2006 report, send an email to
a_pip_ squeek (at)Yahoo.com. replace the (at) with an @

The Excel spread sheet had 22 formatting errors (the numbers in the report were generated from another UNAVAILABE SECRET SPREAD) and as a result, only a small portion of the Financial Report could actually be read.
This PIP has not yet received a complete and total report.
NOR have most members.
Though, one MEMBER, a Close FOC claims she has.
I guess she is some sort of SPECIAL MEMBER and is accorded SPECIAL rights and privileges not available to general members. I guess you have to be a FOC’s and to get any real information about the BAKG.

A final NOTE
Oh, and by the way, Madam President, in her letter to membership, in the Jan/Feb issue of CityPurls reports that we raised $334.50 for Habitat for Humanity at the November Meeting.
But the Financial Report states we donated $224.50 What happened to the other $110?

and don't forget--Let Madam President and Madam Treasurer know what you think..

send them a copy of this blog posting and ask them to resign.

7 Comments:

Blogger OfTroy said...

apparently, Madam President doens't like her actions and shenanigans being held up to the light of day.

She's on the war path, and deciding now who CAN and CAN'T be members of the BAKG.

Just WHO DOES SHE THINK SHE IS?

THE BAKG IS NOT HER PERSONAL POSSESION. She has NO RIGHT TO DEMAND MEMBERS RESIGN. but she is doing it anyway.

WHO's NEXT? The Pip for sure once she find out who the PIP IS.

and ME too I EXPECT since am not going to be ANONYMOUS but sign my name.

I GUESS THE Madam President forgot we live in a society that enjoys free speech.

SHE WOULD LIKE VERY MUCH TO SHUT UP ANYONE and EVERYONE WHO DOESN'T AGREE WITH HER.

TOO DAMN BAD MADAM PRESIDENT.

YOU CAN PUT UP OR SHUT UP.

SHOW THE MEMBERS THE RECORDS FOR THE PAST 4 YEAR--SHOW US OUR MONEY or RESIGN. QUIT. CRAWL UNDER A ROCK LIKE THE LOW LIFE YOU ARE AND STAY THERE.

3:08 PM, December 07, 2006  
Anonymous Anonymous said...

Is madam president so hard-up for the bakg money?
How can she even show her face?

5:24 PM, December 07, 2006  
Anonymous Anonymous said...

MAYBE MP SHOULD LIVE IN RUSSIA.
SHE CAN CHANGE HER LAST NAME TO KHRUSHCHEV.
THEN SHE CAN START BANGING ON THE TABLE WITH HER KNITTING NEEDLES!
IT'S JUST BEYOND DISGUSTING THAT MP WILL NOT RESIGN.
SHE THINKS THAT SHE OWNS THE BAKG AND ITS MONEY.
HOW CAN THE MEMBERS BE SO APATHETIC?

AT THIS POINT, THE D.A. SHOULD GET INVOLVED.
MP MUST BE REALLY DESPERATE FOR THE BAKG'S MONEY.

6:35 PM, December 07, 2006  
Anonymous Anonymous said...

It's sounding more and more like the money is not there and MP can't pay it back if caught.

4:22 AM, December 08, 2006  
Anonymous Anonymous said...

It's sounding more and more like MP has nothing but contempt for members.

It could be that she is not a thief, but just totally incompetant. As, too, is MT what with 22 programing errors in the document that was sent out, the supposed, unsigned financial report.

6:10 AM, December 08, 2006  
Anonymous Anonymous said...

It could be incompetence,rather than dishonesty. A professional should be hired to straighten out this mess.

9:45 AM, December 08, 2006  
Anonymous Anonymous said...

It could be incompetence,rather than dishonesty. A professional should be hired to straighten out this mess.

9:46 AM, December 08, 2006  

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