Overall net income (income less expenses) was positive by $5,415. Revenues benefited from the sales of the new Step into Action book and the financial successes of the Fellowships conventions. Contribution income continued below budget. Expenses were in line with actual revenues.
Over all third quarter YTD revenues are (6.64%) over budget. Within the actual components there are actual variances which should be noted. Based on the current third quarter variance revenue report, we remain optimistic that 2017 revenue results will finish above budget targets as convention contributions and literature sales are offsetting the fellowship contribution shortfall.
Were We Tightwads In 2016? Well here are the facts: SAICO received $14.53 per SA member in 2016. The central office of another “S” fellowship received $27.20 from each of its members in the same period…. ‘nuff said?
The preliminary 2016 year end SAICO financial results are a direct reflection of the Fellowship’s expanded service to spread the message to the still suffering sexaholic and the Fellowship’s generosity to support this service. The Finance Committee sees this growth not just in the dollars and cents numbers. International service growth means SAICO is now doing transactions in seven different currencies.
The preliminary financial results of fiscal 2015 were all good news. The budget began with a possible shortfall of $26,000. With good year-end results, this became a $17,000 surplus instead, in spite of many computer repairs and necessary updates to SAICO office equipment. This surplus goes directly into the Prudent Reserve for future projects.
We are grateful to our members for our excellent 2014 financial results. We finished the year on target compared to budget! I’m excited to see members spread the word in so many directions: globally, through literature, and into the digital world.
Dear SA Fellowship: I am grateful to the fellowship for stepping forward in your contributions to SAICO this past year. Our net revenues have increased by $29,600 over budget so far this year.
A detailed donations report is enclosed with mailed issues of Essay. The report is also available from SAICO. To request your copy, please call SAICO at 866-424-8777 or write to saico@sa.org. In 2008, an appeal was sent out to the fellowship to help offset a shortfall in contributions to SAICO. Called the “Quarterly Appeal,” this was a request for contributions from members, meetings, Intergroups, and regions.
We are grateful for a significant increase in the fourth quarter fellowship contributions. As a result, 2013 income came in slightly under budget. Expenses exceeded income by $18,749. The Prudent Reserve ended the year 2.2% ($3,544) below its requirement. The outlook for 2014 is not encouraging.
Dear SA Fellowship: Although contributions have been down for the first six months of 2013, we have experienced growth in other areas. Donations from Conventions have been outstanding—particularly for the Atlanta convention. And, although literature sales have been down (because no new literature has been offered), ESSAY subscriptions have grown.
