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Louisville Cultural Council <br />Treasurer's report Q3 2010 <br />Prepared by Susan McNamara <br />General Items <br />Tara received all bank statements and check images electronically from Susan by Sep 30 and <br />was able to provide the Q3 results by October 4th. <br />Please continue to copy Tara on all the event reports. <br />Assets <br />Checking account has balance of $8497.74. <br />Savings account has balance of $13314.28. <br />Total current assets of $21812.02. <br />Liabilities Equity <br />Restricted assets (accounting services: $1625, Art in the Park: $8580 and summer concerts: <br />$4000) total of $14,206.74. These are the monies that are earmarked. Remaining of $7605.28 is <br />unrestricted. <br />Misc Budget Items <br />LCC had budgeted $6325 in 2010 program income from events and admissions and we logged <br />$3332 in program income by end of Q3. <br />LCC is at 52% of total budgeted program income for the year and we are under budget for <br />program income. However, mostly due to direct public support in monetary contributions and <br />in -kind contributions, we are at 95% of our total budgeted income. <br />LCC program expenses went from 18% of budget at end of Q2 to 39% at end of Q3. This bump <br />up was due primarily to spending money for Art in the Park. We had budgeted to spend $11000 <br />this year, but will likely be spreading that into next year. <br />Our net income was at $3653.05 at end of Q2, now we are at -$336 at end of Q3. <br />