Hello All,

Part 1 of my report.

Attached are four documents: Restricted Funds update,  monthly dashboard (minus the easier to read dials), Operating P & L Budget in collapsed and expanded versions,

Bottom line on Income and Expenses is that things are normal.

·  5/12/22 represents 36.16 % of the year so we expect to see income at least at that % and expenses not exceeding that %.

o Income is at 61.30% (includes full town tax support, and Stearns/Wells Fargo income since they are guaranteed at this point)

o Expense is at 34.25 % (Some categories are over 100% already, I'll mention them at the meeting)

o Endowment draw is at $125,000 but that is more related to cash flow than over expenditure since none of the town tax support has been received yet, and only one Wells Fargo quarterly payment has been received.

Let me know of questions you have regarding income and expenses from the expanded P&L. I will present only the condensed version next week at the board meeting. Laurel has signed off on the regular monthly reports (reconciliations, bank statements (except for Wells Fargo which hasn't arrived!), payroll reports, etc.).

Another email later with language on annual spending policy.

Bob

Bob Joly

Director

St. Johnsbury Athenaeum

Fund Update Snapshot HERE.

Athenaeum Dashboard HERE.

P&L Budget v Actual Collapsed 5/12/2022 HERE.

P&L Budget v Actual 5/12/2022 HERE.