The Financial Four -- June 28, 2016

Today, the latest edition of The Financial Four, an update from our volunteer Acting Director of Finance, Missy Sue Mastel.

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Donation_CBSYellow Hi, there. I hope your summer is off to a great start. If not, I think the good news I have to share with you will help. I’m also excited about the summer blockbusters, so you might notice a theme.

1. Independence Day: Resurgence — As we enter the summer season, the shul's financial focus shifts significantly from managing monthly operations to budgeting for the upcoming year. Many of you know that we basically collect 75% of revenue in the months between June and September. This year, thanks to the generosity of our donors (not aliens), we have already collected more than $180,000 of dues, and another $20,000 in preschool summer payments. We are deferring this money to use in the new year, and have, thanks to other great donors (also not aliens), not had a need to touch any of these deferred revenues to complete the financial year. Go CBS humans!

2. The Jungle Book - The CBS Family Preschool faced some challenges in the first half of the year, but due to amazing oversight and restructuring helmed by Katherine Friedman Barboni and Dale Kleisley, the projected losses were cut by half. We are all set for a record-breaking year to come with only three spots left to full capacity for 2016-2017. Couldn’t happen to a nicer panther and bear.

3. Ben-Hur — It is no real secret that we had maybe more staff than we needed, and so we have spent a lot of this last month coming up with some deft reorganization plans. I would like to welcome Tim Fong, who is stepping into Billy Kwong's position, and Kim Hegg, who is now our CBS Operations and Events Manager. Kim will be our new go-to person to help monetize and maintain the building asset — keeping it rented and functioning. Can’t wait to see how this chariot race turns out!

4. The BFG — I have to offer a "big friendly giant" thank you to Joe Ratner and John Wekselblatt — who have been working with me to renegotiate our insurance policies to the tune of $25,000 in savings for the upcoming year, without any drop in coverage.

Keep your (X-ray) eyes peeled in upcoming HaLuach newsletters for more updates. I look forward to keeping you informed and answering any questions you may have.