By Skip Coburn, Treasurer
CCE ended FY 2019-2020 with net assets of $25,172. Our expenditures were reduced when we shifted to virtual ZOOM meetings that began in March 2020. The unrestricted cash at the end of FY 2019-2020 was $41,681. This was much higher than in previous years, due to addition of new diamond-level sponsors and a successful Summer 2020 fundraising campaign.
Last October, the Board approved a budget for FY 2020-2021. Projected revenues are $63,200 and are matched by expenses. Expenses include the cost of the website redesign, creation of a podcast, and a contingency for unforeseen expenses. The Board approved changing its data management system, which is currently in conversion and will further enhance CCE’s fundraising efforts.