T R E A S U R E R ' S R E P O R T

The Finance Council was led by Treasurer Jenney Pantenburg and Assistant Treasurer Alicia Roberts this year. The objectives of this year included updating and documenting Treasury and Finance Council processes, developing the 23-24 budget that aligns with the League’s strategy and goals, and providing superior finance support to League leadership and membership in their work to carry out the League’s mission.

The Finance Council had representatives from Fund Development and New Member. Our accomplishments for this year include:

Both the Treasurer and Treasurer-Elect roles were filled at the start of the League year with no gaps in leadership; both roles are currently slated for the 2023–2024 League year. Improved business as usual process by transitioning paper forms to be fillable online. Adjusted budget to more accurately reflect a decrease in projected revenue and spending for the League year.

Partnered closely with Fund Development to provide budgeting support for the Centennial Celebration.

Continued to oversee Endowment Fund investments, in partnership with our advisors at Morgan Stanley

Account Balances as of 5/1/2023:

Trust - $6,856.28

Reserves - $56,152.92

Fund - $240,394.49

“I felt fortunate to be able to be a part of the Finance Council this year. The insight I gained into the working budget and areas of improvement have helped shape how I plan for my own committees. I look forward to continuing on this council for added visibility in how even the smallest decisions affect the League long term and how all members play a role in this ” – Jennifer Higy, Finance Council