The Treasurer continues to consider ways to make the financial aspects of the Division as transparent, efficient, and understandable as possible.
Our financial position continues to be strong. The transfer of funds ($1.5M) from the Board of Publication (BoP) was completed and has substantially increased our unrestricted funds by adding $750,000 to our total. As of August 1, our unrestricted funds have a total value of about $2.9M, not including our Special Projects Fund (~$80,000 unexpended or uncommitted) or the BCC account (~$413,000). The Executive Committee will be determining how the excess in the BCC account (~$213,000) and the rest of the BoP transfer ($750,000) will be allocated.
The Division finances are now structured in a way that makes the budgeting process more straightforward and transparent. We continue to consider how we might best allocate our financial resources to support the outstanding work of our community.