2017 Treasurer’s Report of the Sabian Publishing Society

July 29, 2017 – 10:00 am – Claymont, DE

Dear Members of the Sabian Publishing Society,

Attached for your consideration are the following:

• 2016 Budget and Actuals, 2017 Budget

• Treasurer’s Report Narrative – June, 2017
• Treasurer’s Report Worksheet - June, 2017

The first summarizes the budget and actuals for the fiscal year ended 12/31/16. It also contains the 2017
budget which was originally adopted on 01/11/17 and last amended on 03/18/17.

The second and third attachments contain financial information as of June 30, 2017. Two formats are
included: the first lists receipts, disbursements, transfers, bank account balances and profit and loss
information for the current month. The second presents the prior year actuals, current year budget, and
year-to-date actuals through the end of the current month. These reports are prepared each month for
the SPS Board Meeting.

Notes from the last 12 months:

• All disbursements are approved by the SPS President or Secretary

• Credit cards for the SPS have been distributed to the President and Treasurer
• Monthly reports are prepared in Word and Excel and permanently archived in multiple locations
• An audit for 2016 was not deemed necessary – the SPS Board reviews this decision each year
• IRS and State filings are performed electronically
• Banking fees are waived because our checking account maintains a balance of $2500

Current members of the SPS Board may be reached by email using prefixes below - simply append
“@SabianPublishingSociety.org” to the prefix:

President Treasurer
VicePresident TrusteeAtLarge
Secretary SPSBoard

Respectfully submitted,

James A. Sharpe
James A. Sharpe
Treasurer, Sabian Publishing Society
 SABIAN PUBLISHING SOCIETY
2015 Actuals, 2016 Budget and Actuals
December 31, 2016 [Revised 01/11/17]

2015 2016 2016

Description Actual Budget Actual

Income

Donations $ 332.00 $ 500.00 $ 710.00

Interest $ 23.46 $ 10.00 $ 6.73
Book Royalties $ 50.76 $ 50.00 $ -
Sales of Lessons and Manuscripts $ - $ - $ 28.50
Sales of CDs Created by Robert Kline $ 37.50 $ 40.00 $ 77.00

Total Income $ 443.72 $ 600.00 $ 822.23

Expenses

Advertising $ - $ 300.00 $ -
Annual Meeting (Conference Costs) $ - $ 250.00 $ 201.09
Bank Fees $ - $ - $ -
Board Liability Insurance $ 804.00 $ 800.00 $ 809.00
Licensing Fees (WA State, Registered Agents) $ 199.00 $ 200.00 $ 217.00
Office Expenses (SPS Election, Postage, Supplies) $ 191.36 $ 250.00 $ -
Auditor Fees $ 800.00 $ - $ -
Quickbooks $ 318.70 $ - $ -
Speaker Fund $ 200.00 $ 300.00 $ -
Book Tables at Outside Conferences $ - $ 100.00 $ -
Digital Conversion $ 19.95 $ 100.00 $ -

Website Costs:
Website Development, Minor Updates $ 111.00 $ 1,000.00 $ 154.95
Hosting $ 50.00 $ 50.00 $ -
Publishing Fee $ - $ 1,000.00 $ -

Total Expenses $ 2,694.01 $ 4,350.00 $ 1,382.04

Total Income Less Expenses $ (2,250.29) $ (3,750.00) $ (559.81)

Sources and Uses of Funds For FY16 FY16 Bgn Amt FY16 End Amt FY16 Used

SPS Money Market Fund $ 33,771.28 $ 33,778.01 $ 6.73

SPS Checking Account [plus $60 deposit in transist] $ 3,454.25 $ 2,887.71 $ (566.54)
Total Funds at End of Period $ 37,225.53 $ 36,665.72 $ (559.81)

12/31/16 2016 12 31 - Rpt #1 - Year to Date.xlsx Page 1

 Sabian Publishing Society

Treasurer’s Report for Period Ending June 30, 2017

Financial Activity

• Receipts
1. Donation 06/26 25.00
2. Interest Earnings – Citizen’s Bank 06/30 .55
Total 25.55

• Disbursements
1. Registered Public Agents – Annual Fee 06/13 207.00
2. Dromenon – Book Storage Mar-Jun, 2017 06/30 100.00
Total 207.00

• Transfers Between Bank Accounts

1. Transfer from Money Market to Checking Account 06/30 1,500.00

Bank Account Balances – June 30, 2017

• Checking 3,974.78
• Money Market 32,281.35
Total Cash 32,256.13

Profit and Loss Through Current 2017

May ’17 June ‘17 YTD

Receipts 145.23 25.55 170.78

Disbursements -273.37 -307.00 -580.37

Total -128.14 -181.45 -409.59

Notes –

• Shipping of Sabian Manuals and Sabian Books to Lisa, Mayte and Joan completed
• Donation made to Dromenon Chapter to underwrite book storage ($25 per month)
• Funds transferred to checking in preparation for upcoming Board insurance payment

Respectfully submitted,

James A. Sharpe
James A. Sharpe
Treasurer, Sabian Publishing Society
 SABIAN PUBLISHING SOCIETY
2016 Actual, 2017 Budget [Amended 03/08/17] and 2017 Actual
June 30, 2017

2016 2017 2017

Description Actual Budget Actual

Income

Donations $ 710.00 $ 500.00 $ 150.00

Interest $ 6.73 $ 10.00 $ 3.34
Book Royalties $ - $ 75.00 $ 17.44
Sales of Lessons and Manuscripts $ 28.50 $ 50.00 $ -
Sales of CDs Created by Robert Kline $ 77.00 $ 100.00 $ -

Total Income $ 822.23 $ 735.00 $ 170.78

Expenses

Annual Meeting (Conference Costs) $ 201.09 $ 150.00 $ -

Bank Fees $ - $ - $ -
Board Liability Insurance $ 809.00 $ 850.00 $ -
Licensing Fees (WA State, Registered Agents) $ 217.00 $ 225.00 $ 207.00
Office Expenses (SPS Election, Postage, Supplies) $ - $ 500.00 $ 273.37
Auditor Fees $ - $ - $ -
Book Tables at Outside Conferences $ - $ 150.00 $ -
Digital Conversion $ - $ 100.00 $ -
Dromenon Book Storage @ $25/Mth: 03/17 - 02/18 $ - $ 300.00 $ 100.00

Website Costs:
Website Development, Minor Updates $ 154.95 $ 250.00 $ -
Hosting $ - $ 50.00 $ -
Publishing Fee $ - $ 500.00 $ -

Total Expenses $ 1,382.04 $ 3,075.00 $ 580.37

$ -
Total Income Less Expenses $ (559.81) $ (2,340.00) $ (409.59)

06/30/17 2017 06 30 - Rpt #1 - Year to Date.xlsx Page 1