1. WNPS Financial Review 2016 Year-End Financial Status (Preliminary)
Feb 25, 2017

2. WNPS Accounting Components
State General Funds
Stateed Funds
State Temporarily Restricted Funds
State Permanently Restricted Funds
Chapter(s) General Funds
Chapter(s) Temporarily Restricted Funds
Society
General Funds
Society Temporarily Restricted Funds
Society Permanently Restricted Funds + =

3. 2016 State General Fund Profit & Loss – Summary (Preliminary)
The good news: Projected year-end loss was almost $10K less (better) than expected
Behind the numbers:
Income: Member contributions exceeded the budget by over $17K
Expenses: Primary areas contributing to expense over-run
Chapter rebates higher than planned (i.e., more members which is good news!)
Botany WA expenses higher than planned
Accounting expenses higher than planned
Payroll costs related to “cash out” of 2016 accumulated comp time
Insurance
Partially offset by expense under-runs in
Publications
Information Technology

4. Endowment Fund (Permanently Restricted & Temporarily Restricted)

5. Other State Temporarily Restricted Funds
* includes Peter Mason designated donation of $5,000

6. Year-end 2016 State Cash Balances

7. 2017 Budget Outlook State General Fund
2016 Budget
2016 Actuals
Variance
2017 Budget
Income
$201,859
$216,250
$14,391
$232,935
Expenses
$218,359
$222,735
-$4,376
$232,818
Profit
-$16,500
-$6,484
$10,016
$117
Too early to assess 2017 outlook
2016 Contributions did exceed the 2017 budget by $4K