Here is the report on the branch finances for 7/1/2010 – 6/30/2011:
We had a positive cash flow for the year, grew from 61 to 109 members over the year, and saw 90% of the 2009-2010 members renew for this year.
Donations to the branch increased to $323.87 (from $173.79 from individuals in FY10), with 11 members making contributions. [This is in addition to the amounts that members send to AAUW Funds and AAUW of North Carolina.]
We enter our third full year on a sound financial footing, with a budget that plans to devote financial resources to advancing the mission.
Note: The report was updated on August 12 to clarify the status of the membership credits at the beginning and end of the year. We earned two credits in 2009-2010 (shown as $98 restricted asset on 6/30/2010 and corresponds to the $98 credits cashed during the year). We have earned five credits (two that must be used for new members) during 2010-2011. This will have an effect on the FY12 budget which was based on an assumption of three credits.)