2022 SPENDING
![image001](//images.clubexpress.com/496051/photos/screen/image001_1708105741.png)
INCOME vs. EXPENSES
![image003](//images.clubexpress.com/496051/photos/screen/image003_624196019.png)
OBSERVATIONS
- We lived within our means in 2022. Expenses were slightly less than income.
- The reported “other income” is all from tee shirt sales. Net cost to the club for the tee shirt sale was $43.
YEAR-to-YEAR COMPARISON
![image005](//images.clubexpress.com/496051/photos/screen/image005_901548118.png)
OBSERVATIONS
- Membership has remained constant providing the club a stable income base.
- Reported software expense in 2022 includes some carryover from 2021 as well as renewals for our website domain name which is good for five years. Nonetheless, the move to the subscription model by software providers means software has gone from being a non-existent expense to a significant budget item for the club going forward.
- Hardware (computer) expense returned to nominal levels in 2022 and should remain so for the useful life of the club laptop computer.
- The club returned to normal spending on social events in 2022.
OVERALL STATUS
The club is financially stable and sustainable for the foreseeable future.
This report is submitted to fulfill the Purser’s responsibility outlined in Article VII.5.6 of the Club’s Constitution and By-laws.
Respectfully Submitted
Bob Naeger
Purser