January 2012 IE meeting exchequers report:
From November first 2011 to November first 2012 ( to keep consistant with earlier reports)
Starting balance $ 12,034.45
ending balance $ 11,047.68
total receipts $ 4212.50
total withdrawls $ 5212.22
Our operating cost are down very slightly from last year due to a small decrease in the cost of insurance. Our income, however, is down drastically due to the drop in renewing memberships. We can continue this trend for about five more years before it becomes an operating issue. I recommend no change to our dues structure at this time.
Duke Sir Lassidor Vandolini, KC, BOD treasurer, Imperial Exchequer, Defiance member, BoC of the Kingdom of Vega