Subud Greater Seattle Treasurer Summary Report for June & July

Income and expenses

Building Rentals

We had a 3 AirBnB and 1 hall rental in June and July resulting in income of $1880.

In our June and July meetings your committee met to discuss options for future income. We are still reviewing those options. We have met with 3 different leasing agents to get their view of income potential. We have also asked the helpers for some guidance through testing. 

We do not believe that our current rental business is sustainable.

Donations

Donations have been lower during the summer.  I am hoping that with the end of summer more people will be able to donate. We are averaging about $1658 per month which is below what is needed to maintain our building.  The rental income in the last two months helped to cushion that shortfall. 

June and July Expenses

Our expenses are being kept to the minimum required to keep the building healthy and looking great for a potential renter. In order to maintain this appearance, we need to continue to pay for cleaning, gas, electricity, water and garbage. There are certain fixed costs from PSE and Seattle utilities for electricity, water and garbage which, though reduced, continue. Seattle utilities water and garbage costs in particular remain pretty much the same as before. We are also continuing our $300 a month contribution to the region.

Future Expenses

In looking at the average costs needed to keep the building running since March against the average amount of donations coming from members, we have a shortfall of a little over $500 a month.  This shortfall is currently being covered through the current positive balance in our checking account.

Fixed costs on top of that for insurance and taxes amounting to an estimated $2800 will also have to be paid out of the available balance.

Your Donations As Important As Ever

Your committee appreciates everyone’s financial support of our center during this time of great transition for all of us.  Your continued donations are vital if we are to cover our costs through the end of the year.  Thank you for your continued support.

Important! New name for donation checks to Subud Greater Seattle

Use only “Subud PNW – Seattle Center” on any future donations to our center.  Bank rules, recently changed, are delaying deposits.  Please be sure to change the “Pay To The Order Of” section of your handwritten or automatic withdrawn check from your account and use this name.

If you intend to make your donation to the Region, please earmark your check Subud PNW.

Pledges still being accepted

Please fill out a pledge form online if you haven’t already.

Thanks for those who have setup monthly donations

Thanks to all our monthly donators who have a recurring donation sent from their bank.  You save on envelopes and stamps.  And, you don’t have to remind yourselves to write a check. These regular checks really help us meet our monthly commitments to the region and pay for our use of our facilities. 

If you’d like to know how to setup a recurring donation to our group through your bank, please contact me.