Greetings, gentles!
Included in this month’s Northwatch is the 2023 Kingdom budget. Astute readers will note that the budget approves spending more funds than the Kingdom will take in. This is because Northshield has over $100,000 in cash reserves (on top of the Endowment Fund), and the Kingdom Financial Committee decided that it is acceptable to draw down those reserves, if needed, for some improvements to benefit the entire Kingdom.
It’s important to note that the budget is a preapproval for spending, NOT a commitment to spend funds. For example, the 2022 budget showed an estimated expenditure of $8,552; however, total actual spending was just under $4,400. Total income was just over $5,600, so the Kingdom made more money than was spent in 2022.
Also included in this month’s Northwatch is the 2022 Northshield Financial Statement. This shows the beginning and final balances in the various Kingdom funds. I hope this helps shed some light on Kingdom finances. I am open to any and all questions about the Kingdom’s money and I will always strive to be as transparent as possible about all aspects of Kingdom finances.
Finally, I am still looking for two deputies: Regalia Minister and now Exchequer Education Deputy. Mistress Gweniver served well and leaves a legacy of training information that new exchequers can use. That being said, there is still a need in our large Kingdom to help get new exchequers up to speed and feel comfortable in this critical role. If you are interested in either of these jobs, please contact me directly.
In service,
Æsa