Financial Report Narrative
For the 12 Months Ending May 31, 2017 – Fiscal Year End
Cash Receipts totaled $346,730 and Cash Disbursements totaled $290,737, resulting in a positive net cash flow, for the 12 months ending May 31, 2017, of $55,993 and an ending cash balance of $240,957. The positive net cash flow position for the fiscal year was largely due to the net income from the SHCA’s rental income from the parking lot on Front Street.
We collected $78,684 in membership dues this fiscal year compared with $73,458 in the prior fiscal year.
The Society Hill Reporter generated $54,901 in revenues and $54,337 in expenses, leaving a small net contribution for the year.
Society Hill is holding restricted funds of $46,626 for projects that SHCA sponsors, including Fix the Brix, the Franklin Lights, Sidewalk Cleaning and Graffiti removal, and Tree Tending and Dead Tree Removal.
Also, the Society Hill Preservation Foundation, a 501(c)(3) organization, is holding $258,744 in balances, the majority of which is restricted to the maintenance and beautification of Washington Square Park ($235,691).
Park your car on the opposite side of the street on Friday evening, May 11th, after 6 pm where posted. Posted boundaries: Lombard to, but not including Walnut, and from Front to 8th Street plus blocks surrounding Pennsylvania Hospital. Cars will be ticketed between 8 am and 3 pm on Saturday, May 12th if they are not moved for street cleaning. Synagogue parking will be permitted after 8:30 am on the south side of the 300, 400, and 500 blocks of Spruce and Lombard. Re-park your car after 1PM and before 3pm on Saturday to avoid ticketing.×